Why the cantons, as owners, did not grant any loans

The electricity company Axpo is owned by nine cantons. Although possible liquidity problems were foreseeable, the owners did not react. The energy directors of the cantons of Zurich and Aargau stand behind their (non-)decision.

The cantons could not or did not want to give the energy company Axpo, which operates the Beznau nuclear power plant, a loan.

Michael Buholzer / Keystone

When Parliament discussed the rescue package for the electricity companies, there were only details left to discuss. After Axpo’s request for help and the CHF 4 billion credit line granted by the Federal Council, the political process lagged behind reality.

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