German government agrees compensation for utilities over hard coal phase-out

BERLIN (Reuters) - Chancellor Angela Merkel's coalition government has agreed on a compensation package for utilities operating hard coal power stations as part of Germany's plans to phase out coal by 2038 at the latest to meet climate goals.The agreement between Merkel's conservatives and their Social Democrat (SPD) coalition partners opens the door for parliament to vote in early July on a bundle of laws governing the coal phase-out.Conservative and SPD parliamentary representatives said that..