October 15, 2014 / 2:38 PM / 4 years ago

UPDATE 1-Vattenfall wants 4.7 bln euros for German nuclear exit -govt source

* Vattenfall seeks 4.7 bln eur compensation - source

* Claim relates to Germany’s decision to shut down nuclear plants

* Vattenfall declines to comment (Adds background on nuclear exit, details)

BERLIN/FRANKFURT, Oct 15 (Reuters) - German Economy Minister Sigmar Gabriel told a parliamentary committee that Vattenfall is seeking 4.7 billion euros ($6 billion) in compensation for closing its nuclear plants in Germany, a government source said on Wednesday.

The source confirmed what Michael Schlecht, the Left party’s spokesman for economic affairs earlier told Reuters. Schlecht was at the meeting where he said Gabriel mentioned the amount as part of an economy committee discussion on the budget.

“The minister put a figure of about 4.7 billion euros at the parliamentary economy committee for the value of Vattenfall’s claim,” said the source.

Swedish utility Vattenfall’s German unit declined to comment.

Vattenfall and peers E.ON and RWE have filed complaints at Germany’s highest court against the government’s decision to shut down all nuclear plants in the country by 2022, a consequence of Japan’s Fukushima disaster in 2011.

As a result of the nuclear exit, utilities have had to book billion of euros of writedowns over the past few years as plants are being shut down faster than initially planned.

E.ON has said it is suing for 8 billion euros, while RWE is seeking more than 2 billion, according to sources familiar with the matter.

Smaller peer EnBW, majority-held by municipal shareholders and the federal state of Baden-Wuerttemberg, has decided not to take legal steps against the government.

Separately, Vattenfall has also filed a damages claim with the International Center for Settlement of Investment Disputes in Washington.

Apart from the phasing out of nuclear power, Germany’s utilities are also suffering from the country’s massive boom in renewable capacity that continues to replace their conventional gas and coal-fired power units.

1 US dollar = 0.7876 euro Reporting by Madeline Chambers and Christoph Steitz; Editing by Stephen Brown, Vera Eckert and Pravin Char

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