ECONOMICAL ASPECTS OF THE DECOMMISSIONING OF A NUCLEAR-POWER-PLANT

According to the German Atomic Law, nuclear power plants require licensing. The license covers the construction, operation and decommissioning of a nuclear power plant. The obligation of decommissioning causes a cost burden which influences the costs of operation. These expenses create a variable liability which has to be provided for by establishing a liability reserve. Because of its high monetary value this liability reserve in time obtains an increasing importance for the accounting policy.