E.ON Agrees to Sell German Grid to Netherlands' Tennet BV for $1.7 Billion

Bloomberg.com 2 weeks ago

E.ON Agrees to Sell German Grid to Netherlands' Tennet BV for $1.7 Billion

Nov. 10 (Bloomberg) -- E.ON AG sold its German power network to Dutch electricity-grid operator Tennet BV for 1.1 billion euros ($1.7 billion) to help settle a three-year European Union probe into whether it thwarted competition. Full Article at Bloomberg.com

E.ON Raises Full-Year Profit Outlook a Second Time on Lower Interest Rates
2 weeks ago

Nov. 11 (Bloomberg) -- E.ON AG, Germany’s largest utility, raised its full-year profit forecast a second time because of lower interest payments for debt it took on to buy power plants and add clients from Spain to Siberia. Full Article at Bloomberg.com
E.ON Earnings Hold Steady on Forward Power Sales, Utility Raises Forecast
2 weeks ago

Nov. 11 (Bloomberg) -- E.ON AG, Germany’s largest utility, said nine-month adjusted profit held steady after the company sold power at prices set before the global economic slump cut energy demand. Full Article at Bloomberg.com
E.ON to sell German grid to Dutch group for 1.1 billion euros
2 weeks ago

The sale of 10,700 kilometers (6,700 miles) of power lines will take effect on January 1, 2010, a statement from E.ON said. The transaction is still subject to approval by anti-trust authorities. Full Article at Deutsche Welle
E.ON May Agree to Sell German Power Network to Tennet Amid Antitrust Probe
2 weeks ago

Nov. 9 (Bloomberg) -- E.ON AG, the German utility selling assets to settle a three-year antitrust probe, may agree to sell its power network to Dutch electricity-grid operator Tennet BV this week, said two people familiar with the matter. Full Article at Bloomberg.com