The Philadelphia Business Journal (Free subscription) | 11/25/2009
American Water Works Co. Inc. said Wednesday that the underwriters of the most recent offering of its common stock have exercised their option to buy 3.7 million additional shares from the subsidiary of RWE AG that sold stock in the offering. (AWK)
Market Watch (Free subscription) | 11/18/2009
FRANKFURT (MarketWatch) -- German utility RWE AG said Wednesday it will sell 37.4 million shares in U.S. water utility American Water for about $784 million. The sale will bring RWE's shareholding down to 2.1% from 23.5%. RWE will sell the shares at $21.63 per share through a group of underwriters. RWE has also granted the underwriters an over-allotment option to purchase up to 3.7 million additional...
The Philadelphia Business Journal (Free subscription) | 11/17/2009
American Water Works Co. said Monday that a subsidiary RWE AG will sell 37.4 million shares of American Water stock in a secondary offering. (AWK)
Market Watch (Free subscription) | 11/12/2009
FRANKFURT (MarketWatch) -- German utility RWE AG said Thursday its nine-month net profit rose 26% to 2.79 billion euros from the same period a year ago. External revenue fell 2% to 33.77 billion euros from 34.45 billion euros. RWE said that declining oil prices and a disappointing U.K. earnings situation took their toll on its latest results. RWE confirmed its full-year outlook. "The positive...
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...
Sofia News Agency (Free subscription) | 10/30/2009
German energy company RWE AG announced Friday that it had concluded an agreement for the construction of a new electric power station in Turkey. The news comes only two days after RWE AG abandoned all plans to participate in the construction of a 2000MW nuclear plant in the Bulgarian Danube town of Belene, citing funding problems. RWE AG, based in Essen, Germany, announced Friday that it will make...
Market Wire (Free subscription) | 10/29/2009
GALWAY, IRELAND (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Protesters have forced RWE npower (Swindon), the U.K. arm of German energy giant RWE AG (OTC: RWEOY) (Essen, Germany), to switch from coal to gas to fire boilers at the 2,000-megawatt (MW) Didcot coal- and gas-fired power plant in Oxfordshire. About 20 protesters forced their way into the plant in the early...
Sofia News Agency (Free subscription) | 10/28/2009
German utility RWE AG said its decision to withdraw from the Belene nuclear project in Bulgaria was purely related to financing issues and didn't have anything to do with any safety concerns. "We have terminated the joint venture agreement with NEK because of problems financing the project," said Stephanie Schunck, spokeswoman for RWE's power generation unit RWE Power, as cited by the Wall...
Market Wire (Free subscription) | 11/25/2009
GALWAY, IRELAND (MARKET WIRE) Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The world's largest commercial-scale wave energy project has moved forward, with the appointment of VolkerStevin Marine (Hoddesdon, England) as the preferred contractor. VolkerStevin Marine was appointed by RWE npower, the U.K. subsidiary of German energy giant RWE AG (OTC: RWEOY) (Essen,...
The Philadelphia Business Journal (Free subscription) | 11/18/2009
In the offering, a subsidiary of German utility holding company RWE AG is selling 37.4 million shares of American Water and granting the underwriters of the offering an option to buy up to 3.7 million shares in the 30 days following the offering.
Daily Advance - Business (Free subscription) | 11/10/2009
... oil fields to help pump out remaining oil.— Germany is already capturing CO2 at coal plants run by RWE AG and Vattenfall and seeking permission for storage sites.— The Group of Eight rich nations plan 20 large carbon capture projects that aim to show by 2020 whether the technology works. The European Union says it will set up at least 12 with initial funding of $1.5 billion and possibly up to $6.7...
Rocky Mount Telegram - Business (Free subscription) | 11/10/2009
... oil fields to help pump out remaining oil.— Germany is already capturing CO2 at coal plants run by RWE AG and Vattenfall and seeking permission for storage sites.— The Group of Eight rich nations plan 20 large carbon capture projects that aim to show by 2020 whether the technology works. The European Union says it will set up at least 12 with initial funding of $1.5 billion and possibly up to $6.7...
Seattle Post-Intelligencer (Free subscription) | 11/10/2009
... oil fields to help pump out remaining oil.- Germany is already capturing CO2 at coal plants run by RWE AG and Vattenfall and seeking permission for storage sites.- The Group of Eight rich nations plan 20 large carbon capture projects that aim to show by 2020 whether the technology works. The European Union says it will set up at least 12 with initial funding of $1.5 billion and possibly up to $6.7...
Sofia News Agency (Free subscription) | 11/06/2009
Bulgaria's government will approach prosecutors on suspicions of embezzlement of funds earmarked for Belene nuclear project, the economy and energy minister said on Friday. “A total of BGN 300,000, which the government allotted for raising the capital of state power utility NEK and forming the joint venture agreement with German utility RWE AG have been spent away,” Minister Traycho Traykov...
