E.ON Boosts Short-Term Gas Trading as Surging Oil Lifts Contract Prices Nov 19, 2009
E.ON AG merged its regional trading departments last year into one company. E.ON also trades other energy commodities including electricity, coal and emission credits. (Bloomberg -- Germany)
RWE Says Full-Year Sales to Be Lower Without Essent as Energy Prices Fall Nov 12, 2009
Unlike larger rival E.ON AG which raised its profit forecast yesterday, RWE is facing a slump in revenue at its oil and natural gas unit, which pumps fuel in the North Sea and North Africa. Gas prices fell this year in Europe, including 32 percent in the third quarter for , Norways largest producer, as the recession sapped demand. (Bloomberg -- Germany)
EDF, French Utilities Near Plans to Improve Transparency in Power Market Nov 7, 2009
EDF competitors E.ON AG, RWE AG and Vattenfall AB publish individual plant data in near real time in Germany, the regions biggest market. Generation data is important because prices hinge on how much power is being produced at any given time. (Bloomberg -- UK)
E.ON Plans New Gas-Fired Generating Plant in U.K., Times of London Reports Oct 27, 2009
Oct. 27 (Bloomberg) -- E.On AG, Germanys largest utility, plans to build a natural-gas electricity generating plant in central England with the same capacity as a projected coal-fired unit which was shelved in southern England, the Financial Times reported, citing an unidentified company spokesman. The plant, to be built on the site of a decommissioned coal-fired unit in Nottinghamshire, will generate 1,600 megawatts, enough to power 2 million households; the decision to select natural gas as... (Bloomberg -- Germany)
E.ON, Other Utilities Will Start Up 19 European Gas Plants in This Quarter Oct 3, 2009
Oct. 2 (Bloomberg) -- E.ON AG, and other European utilities plan to start at least 19 new gas-fired power plants this quarter from Greece to Ireland, potentially cutting power and emissions prices and boost gas demand. Electricity producers plan to add 9,364 megawatts of natural gas-fired capacity in the three months through December, compared with five facilities, or 1,300 megawatts, this year through August, data from energy information provider McGraw- Hill Cos. (Bloomberg -- Germany)
E.ON, EnBW, EDF Reach Agreement on Asset Swaps; E.ON to Take 18.8% of SNET Oct 1, 2009
Oct. 1 (Bloomberg) -- , Europes biggest power generator, agreed to swap with E.ON AG a stake in a French electricity company and nuclear power for electricity supply in Germany. E.ON will get a combined 35 percent stake in SNET, Frances third-largest electricity supplier, in exchange for electric drawing rights and generation assets for more than 1,200 megawatts in Germany, the utilities said in e-mailed statements today. (Bloomberg -- Germany)
E.ON to Get Stake in Planned Penly Reactor in France, Handelsblatt Reports Sep 21, 2009
Sept. 21 (Bloomberg) -- E.ON AG may get a stake in the Penly planned French nuclear reactor as part of an agreement with Electricite de France SA, Handelsblatt reported, citing unidentified people familiar with the matter. E.ON will swap German coal-fired power generation assets for about 800 megawatts of drawing rights from two EDF nuclear reactors, the newspaper said. (Bloomberg -- Germany)
'Pardon Me, Would You Have Any Nuclear Power?' Sep 17, 2009
A joint venture between German utilities E.ON AG (EOAN.XE) and RWE AG (RWE.XE), plans to build 6 gigawatts of new nuclear capacity in the U.K. by 2025. Company website: http://www. (SmartMoney)
China's massive clean coal bill Sep 5, 2009
Companies developing capture systems in the US include American Electric Power Co., the nation's biggest producer of electricity from coal, and Duke Energy Corp. In Europe, Alstom SA, E.ON AG, RWE AG and Vattenfall AB are testing the devices. US-China talks. (Sydney Morning Herald -- Business)
Goldman Reduces E.ON Shares to `Neutral' From `Buy,' Keeps RWE at `Sell' Sep 1, 2009
Sept. 1 (Bloomberg) -- E.ON AG had its share rating reduced to neutral from buy and RWE AG was maintained at sell by Goldman Sachs Group Inc. because the likelihood of the German government extending the life of their nuclear plants is mostly priced in. . (Bloomberg -- Germany)
European Stocks Climb to 1O-Month High; Maersk, UBS, Intertek Shares Gain Aug 23, 2009
E.ON AG, Germanys largest utility, increased 8. 6 percent. (Bloomberg -- Germany)
* World Business Quick Take Aug 13, 2009
Germanys E.On AG, Europes largest energy company, said yesterday its net profit more than doubled in the second quarter, helped by shifts in currency values, higher prices and one-off financial gains. The Duesseldorf-based company said it earned 1. (Taipei Times, Taiwan -- Sports)
U.K. Entices Speculators to Trade Power as Brown Bemoans Oil Price Swings Jul 30, 2009
Dusseldorf- based E.ON AG, Germanys biggest utility and one of the six largest in the U.K., is among those that increased its transactions. Main Drivers. (Bloomberg)
New AP bureau chief appointed in Tokyo Jul 27, 2009
The report profiles 101 companies including many key and niche players worldwide such as China National Nuclear Corp., Dominion Resources, Inc., E.ON AG, EDF Group, EDF Energy Plc. British Energy, ENBW Energie Baden-W. (Fresno Bee -- Nation)
Solar power from North Africa for Europe? Jul 14, 2009
The so-called Desertec project involves, among others, German industrial conglomerate Siemens AG, power companies RWE AG and E.ON AG, reinsurer Munich Re AG, Deutsche Bank AG, and Swiss-based electrical engineering firm ABB.. A memorandum of understanding signed Monday in Munich described Desertec as "a scientifically substantiated and economically feasible way of achieving" the stated energy production goal. (MSNBC -- Environment)
E.ON Interested in Controlling New Nuclear Plant in France, Figaro Reports Jul 8, 2009
July 8 (Bloomberg) -- German power company E.ON AG would be interested in controling Frances third new-generation nuclear reactor if the country decides to build one, Le Figaro reported, citing the companys chairman, Wulf Bernotat. Earlier this year, French President Nicolas Sarkozy raised the possibility of a third Evolutionary Power Reactor, or EPR. The construction would not be before 2020. (Bloomberg -- Germany)
PSI Targets Asian, Mideast Orders as Malaysian Shareholder Opens Markets Jun 30, 2009
PSI, whose clients include Vodafone Group Plc and E.ON AG, won 68 percent of its new orders in Germany last year, and Chief Executive Officer wants his company to be among the three largest in growth markets including Russia, the Middle East and China. Harvinders active role at PSI contrasts with that of , who became PSIs largest shareholder in May and has since declined to lay out his strategy to managers. (Bloomberg -- Germany)
Merkel Shifts Nuclear Stand, Champions Electric Cars to Lure German Voters Jun 29, 2009
RWE AG, E.ON AG, Energie Baden-Wuerttemberg AG and Vattenfall AB operate nuclear plants in Germany. The next governments nuclear policy may boost shares of and RWE, UBS analyst in London said in a June 22 note. (Bloomberg -- Germany)
Most Stocks in Germany Advance as Utilities Climb on JPMorgan Upgrade Jun 23, 2009
E.ON AG, Germanys largest utility, added 2. 2 percent to 25. (Bloomberg -- Germany)
DAX Index Caps Biggest Weekly Decline in Three Months as Volkswagen Falls Jun 20, 2009
2 percent, while E.ON AG rose 3. 9 percent as UBS AG lifted its stance on utilities in Europe and WestLB AG recommended adding to holdings in the company. (Bloomberg -- Germany)
E.ON Workers Will Demonstrate Against Job-Cut Threat, Financial Times Says Jun 18, 2009
June 18 (Bloomberg) -- E.ON AG, Germany's biggest utility company, faces a demonstration today by thousands of its employees against the threat of job cuts, the Financial Times reported. Verdi, the services union that's organizing the protest at the company's Duesseldorf headquarters, said as many as 6,000 jobs may be lost as E.ON seeks to reduce costs and merge administrative functions, the newspaper reported. (Bloomberg -- Germany)
E.ON International Finance to Sell 2 1/2 Year Bonds in Euros, Banker Says May 18, 2009
May 18 (Bloomberg) -- E.ON AG plans to sell 500 to 750 million euros of 2 1/2 year bonds, according to a banker involved in the transaction. Deutsche Bank AG, UBS AG and UniCredit SpA are managing the sale, the banker said. (Bloomberg -- Europe)
New-housing price index out, Monday May 9, 2009
E.ON AG releases quarterly results. Analysts expect share profit of 1. (Globe and Mail -- Business)
Centrica, EDF Curb Credit to Energy Consumers as Corporate Failures Mount May 7, 2009
E.ON AG, Iberdrola SA, RWE AG and Scottish & Southern Energy Plc also sell energy in Britain, as do international oil and gas companies Royal Dutch Shell Plc, Total SA and OAO Gazprom. Industries used 12 percent less natural gas and 8. (Bloomberg -- UK)
E.ON May Sell 4.5% Share in Nordstream Baltic Pipeline to GDF, WiWo Says Apr 19, 2009
April 18 (Bloomberg) -- E.ON AG may sell a part of its 20 percent stake in the Nordstream AG gas pipeline to , German magazine Wirtschaftswoche reported, citing an with E.ON Chief Executive Officer. E.ON would be ready to sell a 4. (Bloomberg -- Germany)
* UK gas network may be employed for carbon dioxide Apr 18, 2009
The US and Europe together have earmarked as much as US$14 billion in aid to develop technology to trap and bury the waste gas for eons, which in the London area may benefit utilities E.ON AG and RWE AG and refinery operator Petroplus Holding AG.. Pilot projects have developed slowly because of potential gas-transport costs. (Taipei Times, Taiwan -- World Business)
DAX Index Pares Earlier Gain, Led Lower by SAP, E.ON; Commerzbank Advances Apr 16, 2009
April 16 (Bloomberg) -- German stocks pared earlier gains as SAP AG and E.ON AG declined. The benchmark DAX Index added 0. (Bloomberg -- Germany)
U.K. Government to Assess RWE, E.ON Plans for 11 Nuclear Power-Plant Sites Apr 15, 2009
April 15 (Bloomberg) -- The U.K. government will assess 11 sites nominated as potential hosts for new nuclear reactors by , RWE AG, E.ON AG and the countrys Nuclear Decommissioning Authority. A preliminary study found the sites were credible and would be able to host atomic plants by 2025, the said in a statement today. (Bloomberg -- Germany)
E.ON Seeks Nuclear Power Cooperation With EDF of France, Handelsblatt Says Apr 14, 2009
April 14 (Bloomberg) -- E.ON AG is in talks with about participating in French nuclear power plants, said, citing an unidentified E.ON spokesman. The discussions involve a project in the northern French town of Penly, where France plans to install a second new- generation European Pressurized Reactor for operation in 2017, the newspaper said. (Bloomberg -- Germany)
German Stocks Rise, Led by Carmakers; DAX Index Caps Fourth Weekly Advance Apr 4, 2009
6 percent as the largest chemicals maker won antitrust approval in the U.S. and China for its takeover of Ciba Holding AG. E.ON AG and RWE AG, Germanys biggest utilities, paced falling shares. The benchmark advanced 0. (Bloomberg -- Germany)
Energy watchdog to halt poor pric... Mar 23, 2009
All six major UK energy suppliers - Centrica Plc, RWE AG, E.ON AG, EDF Energy, Scottish & Southern Energy and Iberdrola s Scottish Power raised their prices last year, although some have reduced them in 2009. So nothing but proposals, no change then. (New York Post -- Business)
Benchmark DAX Index Climbs to One-Month High; Bayer, Utilities Increase Mar 21, 2009
E.ON AG and RWE AG advanced as U.K. power for next-day delivery rose. Deutsche Post, Deutsche Telekom and Fresenius Medical all dropped at least 2 percent. (Bloomberg -- Germany)
EU power firms to go carbon neutral by '50 Mar 19, 2009
Eurelectric, a group of power companies from the EU's 27 countries, said members such as E.On AG, Electricite de France SA, RWE AG and Enel would reduce carbon dioxide emissions and offset what they can't avoid. Carbon offsets usually invest in climate change projects in the developing world such as planting trees or building solar panels and allow companies in rich nations to cancel out their emissions of carbon dioxide, one of the greenhouse gases believed to cause global warming. (MSNBC -- Environment)
Daimler, E.ON, Lufthansa, Volkswagen May Rise, Fall: German Equity Preview Mar 10, 2009
E.ON AG may say fourth-quarter earnings before writedowns jumped 15 percent after it added generation capacity and clients abroad, and energy prices rose, according to analysts surveyed by Bloomberg News. The shares added 0. (Bloomberg -- Germany)
E.On 2008 profit up 9 pct, but outlook 'uncertain' Mar 10, 2009
"The outlook for 2009 is subject to significantly more uncertainty than outlooks of previous years," E.On AG said in a statement. Today in Business with Reuters. (International Herald Tribune -- Health)
Statscan issues February jobs report, Friday Mar 7, 2009
E.ON AG releases fourth-quarter results. Alamos Gold Inc. releases fourth-quarter results. (Globe and Mail -- Business)
Buildings could become the new power plants Feb 16, 2009
The more fluctuating energy you have from renewables, the more it makes sense to have a smart grid, said Markus Ewert from the new technologies team of German utility E.ON AG. It would help stabilize the energy flows, so you don't come up against the limits of the grid. Electric vehicles could be connected to the grid and could store energy at times when too much is produced and they could feed it back into the grid when there's not enough. (Globe and Mail)
DAX Benchmark Falls; Commerzbank, ThyssenKrupp, Volkswagen Lead Declines Feb 13, 2009
E.ON AG, Germanys biggest utility, declined 3. 5 percent to 23. (Bloomberg -- Germany)
