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December 20, 2014, 04:35:43 pm
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|-+  General Politics
| |-+  International General Discussion (Moderators: Peter, afleitch)
| | |-+  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 101 times)
CrabCake
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« on: December 02, 2014, 07:03:05 am »
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http://www.bloomberg.com/news/2014-12-01/eon-split-to-fortify-german-green-energy-transformation.html

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

What does individual politics got to do with ANYTHING?

INDIVIDUAL POLITICS???

F U ridiculous MORON forum!!

F U

F U!

What's wrong with "you guys" Huh Huh

I know it was only down to one sole moronic soul who decided that this was beyond his worth as a human being to consider comedians as actual human beings.
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