In Germany, CDU and FDP party leaders finalized the coalition agreement. The agreement contains a clear commitment to prolong lifetimes of the existing nuclear generation stations. While the Government will claw back at least half of the financial benefit of such prolongation, the net effect will be a significant positive for both E.On and RWE. Belgium prolonged operating lives of three nuclear plants by 10 years during the month. This is an additional positive to the GdF Suez equity story, where merger synergies, margin improvement in the gas business and a recovery in power prices will drive earnings growth of 12% p.a. through 2013.