The Earth Times Online Newspaper (Free subscription) | 11/11/2009
Frankfurt - Shares in Europe's biggest utility, E.ON AG, bounded ahead Wednesday after the group raised its full-year profit forecast and posted a surge in third-quarter earnings. Dusseldorf-based E.ON said adjusted net earnings will slide by between...
Market Watch (Free subscription) | 11/11/2009
FRANKFURT (MarketWatch) -- German utility E.On AG reported Wednesday that its third-quarter net profit rose to 1.79 billion euros ($2.7 billion) from 100 million euros in the same quarter a year ago. Sales fell 13% to 16.74 billion euros from 19.25 billion euros. Analysts polled by Dow Jones Newswires expected revenue of 17.29 billion euros. Düsseldorf-based E.On said it expects its full-year...
Market Watch (Free subscription) | 11/10/2009
FRANKFURT (MarketWatch) -- German utility E.On AG said Tuesday it is selling its extra high-voltage transmission network in Germany to Tennet, a state-owned Dutch network operator, for 1.1 billion euros, which includes cash held by the company. The transaction is still subject to approval by the anti-trust authorities and it's expected to be finalized in early 2010. As of Dec. 31, Tennet will take...
Market Wire (Free subscription) | 11/10/2009
GALWAY, IRELAND (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- A new player in the British nuclear market has been formally launched by the United Kingdom subsidiaries of German energy giants RWE AG (OTC: RWEOY) (Essen, Germany) and E.ON AG (OTC: EONGY) (Dusseldorf, Germany). Horizon Nuclear Power (Gloucester, England), created by RWE npower and E.ON UK, is a 50:50 joint...
The Westerner (Free subscription) | 10/29/2009
The dust has barely settled here after the completion of the world's largest wind farm, but the sprouts of a "green" economy are already emerging among the cotton fields that have long been the staple of this West Texas rural community. Wind energy-service companies now sit on the same street as the old grocery store, and so do the headquarters of German-based E.ON Climate and Renewables,...
SeekingAlpha Energy Stocks (Free subscription) | 10/21/2009
Just this month the largest wind farm in the world went into production in West Texas, featuring 627 turbines producing over 780 megawatts at full capacity, enough to power 230,000 homes. The Roscoe Wind Complex cost over $1 billion to develop and is owned by E.ON Climate & Renewables North America Inc., a subsidiary of the German energy company E.ON AG ( EONGY.PK ). This news highlights two critical...
Ensaios Imperfeitos (Free subscription) | 10/20/2009
BRUSSELS -- The European Commission this week is expected to propose rules it hopes will push companies to trade derivatives in a less-risky way, but it is still discussing whether the rules make it too hard for nonfinancial companies to hedge risks. The proposals being debated at the commission, the European Union's executive arm, have provoked opposition not only from financial firms that trade derivatives...
Market Wire (Free subscription) | 10/19/2009
GALWAY, IRELAND (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON U.K. (Coventry, England), part of German energy giant E.ON AG (OTC: EONGY) (Dusseldorf, Germany), has revealed plans to build a 1,600-megawatt (MW) combined-cycle gas-turbine (CCGT) power station in High Marnham, in Nottinghamshire, England. The project is in the very early stages. E.ON is currently seeking...
People Daily (Free subscription) | 10/15/2009
The European Commission has cleared here on Wednesday the proposed acquisition by E.ON AG of Germany from Electrabel S.A./N.V. of Belgium of two power plants and drawing rights. The Commission concluded that the transaction would not significantly impede effective competition in the EEA or any substantial part of it. E.ON is active in the generation and supply of electricity and natural gas in several...
Xinhuanet (Free subscription) | 10/15/2009
The European Commission has cleared here on Wednesday the proposed acquisition by E.ON AG of Germany from Electrabel S.A./N.V. of Belgium of two power plants and drawing rights.
Market Watch (Free subscription) | 10/14/2009
FRANKFURT (MarketWatch) -- RWE AG was downgraded on Wednesday to equal-weight from overweight by analysts at Morgan Stanley. "Although RWE is well-hedged in the short term, we are concerned that the E.U. power and gas markets will see a sustained period of over-supply and this will ultimately lead to downward pressure on power prices," they wrote in a note to clients. "It is hard to...
Market Wire (Free subscription) | 10/12/2009
GALWAY, IRELAND (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON AG (OTC: EONGY) (Dusseldorf, Germany) has shelved plans to update the Kingsnorth coal-fired plant in Rochester, England, a project estimated to be worth £1.5 billion ($2.4 billion). The company claimed that the decision to pull the plug on the addition of two new units (#5 and #6) totalling 1,600...
Market Wire (Free subscription) | 09/22/2009
GALWAY, IRELAND (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Carbon capture and storage (CCS) pilot projects are moving ahead in Germany with the announcement by E.ON AG (OTC: EONGY) (Dusseldorf, Germany) and Siemens AG (NYSE: SI) (Munich, Germany) that the pilot CO2-capture plant near E.ON's Staudinger power plant, near Hanau, has started operation. Already proven in...
Market Wire (Free subscription) | 09/04/2009
GALWAY, IRELAND (MARKET WIRE) German energy giant, E.ON AG (OTC: EONGY) has announced plans to build a 150-megawatt biomass-fired power plant at the Royal Portbury Dock, near Bristol in southeast England. The project is the latest in a surge of biomass and energy-from-waste projects announced in the U.K. in the last couple of months. Planning permission is being sought by E.ON from the Department of...
The Earth Times Online Newspaper (Free subscription) | 08/12/2009
Dusseldorf - Global energy concern E.ON AG posted better- than-expected half-year results Wednesday, citing foreign expansion as the counterweight to recession-hit results in Western Europe. Compared to the first half of 2008, the energy supplier's a...
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