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.
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.