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| | |-+  E.On shakes off all its fossil fuel and nuclear assets
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Author Topic: E.On shakes off all its fossil fuel and nuclear assets  (Read 158 times)
Crabby And His Moron Brothers
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« on: December 02, 2014, 07:03:05 am »


E.On the world's largest utility has rather drastically responded to the spiralling costs of, erm, existing. Its books (like all German utilities) have been in the red for a while: first Merkel ditches the nuclear sector to win the last election, then an increasingly onimous death spiral means more irate consumers are disconnecting; and now the CDU (not the SPD, mind) want to pull support for coal too. - all the while renewables get plum access to the grid. It's a sad new world for what was once a pretty dependable sector.

So the company has taken the plunge. All the loss-making assets - the nuclear plants, the fossil fuels and their associated upstream programmes will be placed in a new company, which I presume will be kept alive with public assistance. The rump E.On will focus exclusively on the renewable element to the energy pie.

RWE is sceptical.
« Last Edit: December 02, 2014, 07:08:01 am by CrabCake »Logged

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