E.ON

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E.ON SE

logo
legal form Societas Europaea
ISIN DE000ENAG999
founding June 16, 2000
Seat Essen , GermanyGermanyGermany 
management
Number of employees 78,948
sales 41.5 billion euros (2019)
Branch Energy supply company
Website www.eon.com
As of December 31, 2019

Headquarters of the group in Essen

The listed E.ON SE (from English eon ' Äon ') is the holding company of a German energy company based in Essen . The company is mainly active in the fields of energy networks, energy services, renewable energies and the operation and dismantling of German nuclear power plants.

The Annual General Meeting on June 8, 2016 resolved to discontinue the traditional energy business, consisting of the business areas of conventional generation (including hydropower, but excluding the German nuclear energy activities), global energy trading (in particular the marketing of electricity and gas) and electricity generation in Russia as well as the operation of the Yuzhno-Russkoye gas field to be combined in the independent company Uniper SE and the majority stake in Uniper to be spun off to the shareholders of E.ON SE with effect from January 1, 2016. E.ON kept 40,000 employees; Uniper took over 15,000 employees. Uniper's CEO is the previous E.ON CFO Klaus Schäfer.

history

Creation and concentration on the energy business

E.ON emerged from the merger of the two conglomerates VEBA and VIAG . The merger was announced on September 27, 1999 and completed in June 2000. The subsidiary E.ON Energie emerged from the respective supply subsidiaries PreussenElektra and Bayernwerk .

In November 2001 E.ON notified the Federal Cartel Office that it was taking over a majority of Ruhrgas . After the rejection by the cartel office and the subsequent granting of ministerial approval, competitors litigated against the completion of the takeover, which dragged on until March 2003. E.ON became the sole owner of Ruhrgas, the largest German gas supply company at the time with a market share of around 60 percent. On June 1, 2004 E.ON sold 97.5 percent of the shares in Degussa to RAG after E.ON had taken over the majority of the Ruhrgas shares from the latter , thereby fulfilling one of the conditions associated with the takeover of Ruhrgas were.

As a result, E.ON continued to concentrate on the electricity and gas business and sold numerous other holdings, including a. the mobile operator VIAG Interkom in Germany and One in Austria, the water supplier Gelsenwasser and the real estate company Viterra ; In Eastern Europe, numerous holdings in now privatized energy supply companies were acquired. After the sale of Ruhrgas Industries in the second quarter of 2005, the then chairman of the board, Wulf Bernotat, described E.ON's transformation into a “flawless energy company” as almost complete.

Failed takeover of Spanish Endesa in 2006/2007

In February 2006 E.ON submitted an offer to buy the Spanish energy supplier Endesa for 29.1 billion euros; this corresponded to EUR 27.50 per share and thus about 20 percent more net than the Catalan competitor Gas Natural had offered in August 2005 (EUR 21.30). According to the first negotiations at the end of February 2006, E.ON's offer of 29.1 billion euros could have been increased somewhat, because Endesa's stock market price had risen from 12 to 14 to 22 to 28 euros between August and February. E.ON boss Bernotat estimated that the takeover, including the takeover of Endesas, would cost EUR 18 billion in net debt, EUR 3 billion in pension provisions and around EUR 5 billion for minority shareholders, making it the largest in German history.

On July 28, 2006, the Spanish supervisory authority Comisión Nacional de Energía (CNE) granted approval for the takeover of Endesa, but subject to considerable conditions. There was speculation about the further course of action of E.ON. E.ON could have accepted the conditions, which would also have resulted in a lower takeover price, or could have taken legal action against the conditions. On September 26, 2006 E.ON increased its cash offer from 25 to 35 euros per Endesa share to a total of 37 billion euros. In November 2006, the Spanish construction company Acciona surprisingly bought ten percent of Endesa. It announced that it would not buy more than 25 percent of Endesa in the future. After Gas Natural withdrew from the bidding war, the Endesa Management Board recommended its shareholders at the beginning of February 2007 to accept the again increased purchase offer; However, at the end of February it became known that the Italian state-owned company Enel had also acquired a 10% stake. As a result, E.ON decided in early April 2007 to withdraw the takeover offer. Instead, they negotiated with the competitors Acciona and Enel, who later jointly took over Endesa, a participation package with activities in Spain , Italy and France as well as further activities in Poland and Turkey worth around ten billion euros.

Group restructuring 2009

Ever since E.ON was founded, the structure of the German energy market has been considered unsatisfactory from a competition policy perspective. For a long time this oligopoly had been under general suspicion of violations of competition law and was about to split up. The EU Parliament and EU Competition Commissioner Neelie Kroes took the lead in this context .

It was in the interests of the parties to find a long-term and amicable solution. E.ON agreed to sell around 4,800 megawatts (MW) of power plant capacity in Germany as well as the German high-voltage network to its competitors . This proposal was accepted by the EU Commission on November 26, 2008. The following list is an extract from the transactions completed in 2009:

  • Sale of the German high-voltage network ( Transpower Strom Transmission GmbH  →  Tennet TSO ) to the Dutch network operator Tennet
  • Exchange of generation capacity between E.ON and GDF Suez (1700 MW)
  • Sale of shares in the Mehrum hard coal power plant to Stadtwerke Hannover (375 MW)
  • Sale of hydropower plants on the Inn to the Austrian energy supplier Verbund AG (312 MW)

On July 8, 2009, the EU Commission imposed fines of 553 million euros each on GDF Suez and E.ON / E.ON Ruhrgas . As part of the planning for the construction of the MEGAL pipeline, additional agreements were made in 1975 on the division of gas markets in France and Germany. The company illegally continued to practice market agreements, although these originally legal competition agreements violated EU law after the opening of the European gas markets since August 2000. In 2012, the ECJ confirmed the fine of 320 million euros.

The sale of Thüga in 2009 to the municipal operator consortium Integra / Kom9 was also related to the measures to promote competition.

energy transition

Inquiries for a special dividend were repeatedly blocked by CEO Bernotat. Instead, E.ON launched an investment program of around EUR 60 billion for 2007–2010 aimed at expanding into new (regional) markets (such as Italy, Spain, France and Russia) as well as new power plant infrastructure and renewable energies. E.ON entered the liquefied natural gas ( LNG ) business and made extensive investments in the LNG infrastructure. E.ON also built the Nord Stream pipeline through the Baltic Sea together with Gazprom and BASF ; this was inaugurated in November 2011.

In autumn 2010, the black and yellow federal government in office since autumn 2009 ( Merkel II cabinet ) decided to extend the service life of the then 17 German nuclear reactors. A few days after the start of the Fukushima nuclear disaster , Chancellor Merkel radically changed her nuclear policy , soon afterwards revised the extension of the term and carried out an nuclear phase-out . The seven oldest nuclear power plants as well as the 'breakdown reactor' Krümmel lost their operating license in August 2011. E.ON announced that it would take legal action against the shutdown of the nuclear power plants and the fuel element tax. On November 14, 2011, E.ON filed a constitutional complaint . On October 1, 2014 E.ON sued the federal government for damages of 380 million euros. The lawsuit was filed with the Hanover Regional Court because Hanover is the headquarters of the nuclear power division. The district court dismissed the action. On October 10, 2016 E.ON appealed to the Higher Regional Court in Celle . The Federal Constitutional Court ruled on December 6, 2016 in its ruling on the constitutional lawsuits by Eon, RWE and Vattenfall that the nuclear phase-out was constitutional. The energy groups E.ON, RWE and Vattenfall are entitled to appropriate compensation. E.ON was represented by constitutional lawyer Rupert Scholz .

Development 2010–2012

Johannes Teyssen took over as CEO of Bernotat on May 1, 2010 and announced a new strategy for the E.ON Group in November 2010. Under the motto Cleaner & Better Energy , E.ON should grow increasingly outside of Europe and achieve an earnings contribution of 25% in these regions within the next four years. E.ON also wanted to focus on reducing CO 2 emissions. For example, the 50% reduction in greenhouse gas emissions compared to 1990 should be achieved in 2020 and not, as previously planned, in 2030.

Another component of the strategy was the reduction of financial debt, also in order to maintain the financial capacity to act. As part of this, E.ON planned to raise around EUR 15 billion through divestments by the end of 2013 . The following list gives a selection of the divestments made:

  • 3.5% stake in Gazprom in December 2010 (proceeds: 3.4 billion euros)
  • Gas network in Italy in December 2010 (revenue: 290 million euros)
  • British distribution network company "Central Networks" (revenue: 4.7 billion euros)
  • Share of 20% in Stadtwerke Duisburg (no information on sales proceeds)
  • "Eon Bulgaria" (proceeds: 133 million euros)
  • Share of 40% in the regional supplier HSE (proceeds: 305 million euros)
  • Transmission system operator Open Grid Europe (revenue: 3.2 billion euros)
  • 50% stake in the joint venture Horizon Nuclear Power (proceeds: 433 million euros)
  • Share of 43% in the regional supplier E.ON Thüringer Energie (proceeds: 946 million euros)
  • remaining share of 10% in the regional supplier E.ON Thüringer Energie (no information on sales proceeds)
  • 24.5% stake in the Slovak energy company Slovenský plynárenský priemysel (proceeds: 1.3 billion euros)
  • Share of 15.1% in the Interconnector pipeline (proceeds: 127 million euros)
  • Energy from Waste to a joint venture in which E.ON holds 49% and the investment fund EQT 51% (no information on sales proceeds)
  • Share of 34% in the Finnish nuclear power plant company Fennovoima (no information on sales proceeds)
  • E.ON Földgáz Trade and E.ON Földgáz Storage to the Hungarian state company MVM Hungarian Electricity (proceeds: 870 million euros)
  • Share of 62.9% in the regional utility E.ON Westfalen Weser (proceeds: approx. 360 million euros)
  • 73.3% stake in the regional supplier E.ON Mitte (proceeds: approx. EUR 610 million)

At the end of July 2011, it became known that E.ON was planning a savings and restructuring concept including layoffs and site closings. The gas trading subsidiary E.ON Ruhrgas (Essen) was dissolved. The company wants to save around 1.5 billion euros annually. These savings are intended to benefit projects in Brazil , Turkey and India , among others . In December 2011, the group also announced that it would send 3,000 German employees into early retirement and transfer up to 2,500 employees to a transfer company: E.ON wanted to cut up to 11,000 jobs worldwide.

The conversion into a European company was completed on November 15, 2012 with the entry in the commercial register .

Development since 2014

Former headquarters of the group in Düsseldorf
Former E.ON Ruhrgas headquarters in Essen - Huttrop

In November 2014, E.ON announced that it would forego fossil fuels in the future. The company planned to transfer the business fields dealing with fossil energies and nuclear energy to a new company and to bring it to the stock exchange by mid-2016 . According to Johannes Teyssen, the new company should focus on conventional generation, global trade and exploration. This also includes E.ON Russia , the stake in the Nord Stream pipeline and the Brazilian company Eneva . In contrast, the Turkish business should remain with the old E.ON, which is to concentrate on renewable energies and the grid business. 14.6 billion euros in provisions that E.ON had formed for the dismantling of decommissioned nuclear power plants were also to be transferred to the new company, mostly not in the form of money, but in the form of stakes in companies or power plants. In the company's 2014 balance sheet, E.ON had to post a loss of 3.16 billion euros, the largest loss in history. The planned formation of the company to be spun off initially took place within the group under the title Uniper Group (but without the German nuclear energy activities). Accordingly, an overall financial statement for this division was prepared retrospectively for 2013, 2014 and 2015. The new company Uniper was entered in the commercial register of the Düsseldorf Local Court on April 14, 2016 under no.HRB 77425.

In June 2017, the Federal Network Agency imposed fines totaling 100,000 euros on RegioCom Halle GmbH and E.ON Energie Deutschland GmbH for illegally calling consumers with data records purchased from address traders and offering them to change their electricity provider.

In December 2017, E.ON sold the remaining 46.65 percent share in Uniper to Fortum .

In March 2018, E.ON announced the takeover of the listed RWE subsidiary Innogy . According to the agreement with RWE, E.ON is to receive RWE's 76.8 percent stake in Innogy. Until the end of July 2018, E.ON had offered the current minority shareholders of Innogy to purchase their shares in cash as part of a voluntary public takeover offer. The takeover offer was accepted for 9.4 percent of the voting shares, which means that E.ON's total stake in Innogy will increase to at least 86.2 percent after the transaction is completed. At the end of January 2019, E.ON notified the EU Commission of the planned takeover of Innogy. The transaction was completed on September 18, 2019, following regulatory approvals. After E.ON had meanwhile acquired further shares in Innogy on the stock exchange, its stake in Innogy rose to 90%. This creates the prerequisite for a squeeze-out of the remaining minority shareholders. E.ON plans to become the sole owner of Innogy.

In June 2019, E.ON Bioerdgas, a subsidiary of E.ON, bought the Wingas Group's organic business . Wingas, a gas supplier from Kassel , wants to concentrate on natural gas sales. E.ON Bioerdgas is continuing the contracts with a sales volume of 300 GWh per year. The Federal Cartel Office approved this transaction at the beginning of June. E.ON invested in the start-up "Nuventura" in June 2019. The young company develops switchgear without the climate-damaging SF 6 insulating gas . E.ON participated in the last round of financing through the Group's own "agile accelerator" program.

Group structure

Business activity

The business activities of the group companies encompass most stages of the value chain in the energy supply. E.ON is active in the generation, trading and sales of electricity supply. In the gas supply, the group continues to be active in all stages of the value chain, starting with extraction, through trading and transport, to sales to the end consumer.

Global units

E.ON SE conducts all business activities in the converging markets of Europe and increasingly in other regions outside of Europe across borders through global functional units. There are five global units, these are:

  • renewable energy
  • generation
  • Exploration & Production
  • Technologies
  • Global trade

Board

  • CEO Johannes Teyssen , appointed since May 2010 until the end of 2021 (CEO)
  • Head of Renewable and Energy Grids: Leonhard Birnbaum, since July 2013 (COO)
  • Director Sales and Customer Solutions: Karsten Wildberger, since 2016 (COO)
  • Chief Financial Officer: Marc Spieker, since January 2017 (CFO)
  • Board Member for Energy Networks, Purchasing and Consulting: Thomas König, since 2018 (COO)

Status: December 2018

Supervisory board

The Supervisory Board was increased from twelve to 18 members in 2016, and since 2018 there have been 14 members.

  • Shareholder side
    • Karl-Ludwig Kley , Chairman of the Supervisory Board since 2016, Member of the Supervisory Board since 2016
    • Erich Clementi (Senior Vice President at IBM Global Markets and Chairman IBM Europe), member of the AR since 2016
    • Klaus Fröhlich , member of the Supervisory Board since 2018
    • Carolina Dybeck Happe (Senior Vice President at General Electric ), member of the AR since 2016
    • Andreas Schmitz (Chairman of the Supervisory Board of HSBC Trinkaus & Burkhardt AG ), member of the Supervisory Board since 2016
    • Karen de Segundo (lawyer), member of the SB since 2008
    • Ewald Woste (management consultant), member of the supervisory board since 2016
  • Employee representatives
    • Andreas Scheidt (member of the ver.di federal board ), deputy chairman since 2015, member of the supervisory board since 2015
    • Clive Broutta (full-time representative of the General, Municipal, Boilermakers and Allied Trade Union (GMB) union), member of the SB since 2014
    • Eugen-Gheorghe Luha (chairman of the gas trade union federation Gaz Romania), member of the supervisory board since 2012
    • Fred Schulz (First Deputy Chairman of the Group Works Council, Chairman of the General Works Council of E.DIS AG), member of the Supervisory Board since 2014
    • Silvia Smátralová (Chairwoman of the Works Council Západoslovenská energetika as (ZSE), Slovakia, and member of the SE Works Council of E.ON SE), member of the Supervisory Board since 2016
    • Elisabeth Wallbaum (Advisor SE Works Council and Group Works Council E.ON SE), member of the Supervisory Board since 2016
    • Albert Zettl (chairman of the group works council and deputy chairman of the SE works council of E.ON SE, divisional works council chairman of Bayernwerk AG and chairman of the works council of the Eastern Bavaria region of Bayernwerk AG), member of the supervisory board since 2016

Share and key figures

The company's share capital is divided into around 2.64 billion registered shares . The company's shares are traded on the stock exchange under ISIN DE000ENAG999 and are listed on the DAX and DivDAX , among others . Due to the consistently above-average dividend yield over the years, E.ON is one of only two companies that has been represented in the DivDAX without interruption since it was founded. With the exception of RWE's stake , all shares are included in the free float . For shareholders with reportable shares see table:

proportion of Shareholders
15.00% RWE AG
5.15% BlackRock Inc.
5.07% Capital Income Builder
5.01% The Capital Group Companies Inc.
3.13% Canada Pension Plan Investment Board

As of October 1, 2019

On March 9, 2016, E.ON SE published its business figures for 2015 and closed with EBITDA of EUR 7.56 billion (previous year: EUR 8.3 billion) and sustainable consolidated net income of EUR 1.6 billion (previous year: : 1.6 billion euros) as well as a group deficit of the shareholders of 7 billion euros. Nevertheless, a dividend of € 0.50 (previous year € 0.14) was distributed.

Annual net profit or loss of the group after taxes 2010–2014
Key figures
identification number 2018 2017 2016 2015 2014 2013 2012
Electricity sales (billion kWh) 128.1 133.2 141.8 780.9 735.9 696.9 740.4
Gas sales (billion kWh) 135.1 141.1 142.8 1721.8 1161.0 1219.3 1162.1
Turnover (billion euros) 30.253 37.695 38.173 116.218 111.556 119.688 132.093
EBITDA (billion euros) 4,840 4,955 4.939 7.557 8.337 9.191 10.786
EBIT (billion euros) 2.989 3.074 3.112 4.369 4,664 5.624 7.027
Group net income (billion euros) 3.524 4,180 −16.007 −6.377 −3.130 2,459 2.641
Consolidated net income of the shareholders (billion euros) 3.223 3.925 −8,450 −6.999 −3.160 2.091 2.217
Adjusted net profit (billion euros) 1.505 1,427 0.904 1.648 1.612 2.126 4.187
Investments (billion euros) 3.523 3.308 3.169 4.174 4,633 7,992 6,997
Balance sheet total (billion euros) 54,324 55,950 63.699 113.693 125.690 132.330 140.426
Earnings per share (euro) 1.49 1.84 −4.33 −3.60 −1.64 1.12 1.16
Dividend (euro) 0.43 0.30 0.21 0.50 0.14 0.17 1.10
Employee 43,302 42,699 43,138 56,490 58.503 61,327 72,083

Electricity labeling in Germany

According to § 42 EnWG on electricity labeling , since December 15, 2005, all energy supply companies in Germany have been obliged to publish the origin of their electricity. From December 15 of each year at the latest, the values ​​of the previous calendar year must be stated in the invoices to end consumers and in advertising materials. The table shows the details of individual E.ON Energie companies as well as the nationwide average value of all energy suppliers from 2012.

Nationwide
average
E.ON Energie ( Avacon , Bayernwerk , E.DIS , Hanse , Mitte , Thuringian Energy ) E.ON middle
Renewable energy sources (in%) 24.3 33.1 30.2
Nuclear energy (in%) 17.1 21.2 22.2
Fossil fuels + other (in%) 58.6 45.7 47.6
Radioactive waste (mg / kWh) 0.4 0.5 0.5
CO 2 emissions (g / kWh) 522 489 504

Since December 2010, too low values ​​for radioactive waste in 2009 were given for five out of seven sales companies. On June 15, 2011, the values ​​on the respective websites were corrected without further comment.

Technical equipment

Power plants in Germany (still incomplete)

Location Energy source power Ownership Remarks
Hybrid power plant Pellworm Hybrid power plant 1 MW
alpha ventus Wind energy 60 MW 26.25% E.ON, 47.5% EWE ,
 26.25% Vattenfall Europe
Offshore wind farm
Amrumbank West Wind energy 288 MW Offshore wind farm

E.ON continues to operate three nuclear power plants with a total output of 4,471 MW through its subsidiary PreussenElektra GmbH , formerly E.ON Kernkraft GmbH, based in Hanover .

The coal, natural gas and oil power plants as well as hydropower plants were transferred to Uniper Kraftwerke GmbH as part of the spin-off of the Uniper Group .

High voltage direct current transmission

Art collection and cultural sponsorship

The company has an extensive art collection. Dorothee Countess von Posadowsky-Wehner has headed the collection since 2002.

In 2010 E.ON was one of the main sponsors of the 2010 Capital of Culture .

E.ON SE supports the Museum Kunstpalast with an annual operating grant of 750,000 euros . In 2014, a painting owned by the energy company, Jackson Pollock's “Number 5 (Elegant Lady)”, which was previously on permanent loan at the Museum Kunstpalast in Düsseldorf, was purchased for just under $ 11.4 million (approx. 8.3 million euros) Christie's auction house in New York .

In 2015, on the occasion of the 20th anniversary of fiftyfifty , the company organized a charity sales exhibition "Art for shelter". More than 80 artists donated over 100 works. The total proceeds from the works sold went to the Düsseldorf Association for Aid to the Homeless.

On March 31, 2016, it was announced that E.ON will stop funding Museum Kunstpalast at the end of 2017. The reasons given were the economic situation, the division of the company into E.ON and Uniper and E.ON's departure from Düsseldorf.

criticism

Through the so-called " Luxembourg Leaks " in November 2014, the public were tax shelters known with which E.ON global saving taxes. These models were developed by the consulting company PwC and the original has been made public. E.ON has set up its subsidiary Dutchdelta Finance S.à rl in a residential building in Luxembourg . As a financing company, it grants large loans to E.On subsidiaries in the USA, Sweden and Great Britain. In 2008, the Luxembourg company DutchDelta Sàrl and another company in Malta lent a total of 200 million euros to an E.ON Group in Great Britain, one billion euros to E.ON Sweden and 2.6 billion dollars to E.ON in the USA. High interest rates are transferred to Luxembourg from abroad for the subsidiary's loans (estimates are in the double-digit millions). These postings reduce the tax burden in the UK, Sweden and the US. DutchDelta then transfers the profits to other offshore companies and thus also posts losses in Luxembourg. That is why there are hardly any taxes there either. In 2012, DutchDelta took in 130 million euros and paid 1,600 euros in corporate income tax.

See also

Web links

Commons : E.ON  - Collection of Images
 Wikinews: E.ON  - in the news

Individual evidence

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  2. The new company is to be called E.ON , spiegel.de, March 30, 2000
  3. Invitation to the 2016 Annual General Meeting, Spin-off and Transfer Agreement ( Memento of June 30, 2016 in the Internet Archive ) (PDF) on the E.ON website
  4. Eon power plant business will be called "Uniper". Handelsblatt , April 27, 2015, accessed on April 27, 2015 .
  5. Merger Agreement. ( Memento from November 26, 2016 in the Internet Archive ) In: eon.com. (PDF; 1 MB).
  6. Annual Report 1999. ( Memento of April 4, 2016 in the Internet Archive ) In: eon.com. VEBA AG (PDF, 2 MB).
  7. vm: Energy industry: power plant hoists the Prussian flag | shz.de. Retrieved March 18, 2019 .
  8. Harsh criticism of the ministerial approval. In: spiegel.de. 4th July 2002.
  9. E.ON receives ministerial approval for Ruhrgas. ( Memento of December 4, 2013 in the Internet Archive ) In: eon.com.
  10. n-tv NEWS: EnBW versus E.ON / Ruhrgas. August 6, 2002, accessed November 23, 2019 .
  11. E.ON clears the way for Enel and Acciona at Endesa - 41 euros / share : dpa-AFX, April 2, 2007
  12. Gas Natural wants EDP: Is an Iberian energy giant emerging? Retrieved March 18, 2019 .
  13. n-tv NEWS: Targeting energy giants. Retrieved March 18, 2019 .
  14. EU brings energy giants to their knees
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  16. Johannes Kuhn: Agreement with the EU: E.on surrenders high-voltage network . In: The time . November 26, 2008, ISSN  0044-2070 ( zeit.de [accessed November 23, 2019]).
  17. E.ON sells its power grid to Tennet , tagesschau.de, accessed on April 4, 2011
  18. E.ON sells extra high voltage network ( Memento from January 8, 2010 in the Internet Archive )
  19. E.ON surrenders shares in Mehrum power plant to Stadtwerke Hannover ( Memento from January 9, 2010 in the Internet Archive )
  20. Mehrum power plant ( Memento of April 8, 2010 in the Internet Archive )
  21. E.ON hydropower plants on the Inn River are transferred to the Austrian energy supplier Verbund ( Memento from January 9, 2010 in the Internet Archive )
  22. Verbund completes takeover of the Bavarian Inn power plants. In: www.verbund.com. September 1, 2009, accessed November 23, 2019 .
  23. Press release of the EU Commission on the imposition of fines on E.ON and GDF SUEZ (PDF)
  24. ECJ, judgment of June 29, 2012 - T-360/09
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  26. n-tv NEWS: What Nord Stream 2 is all about. Retrieved March 18, 2019 .
  27. Eon boss wants billions from the state , sueddeutsche.de, October 15, 2011
  28. Eon wants 380 million in damages from the government , Handelsblatt.com October 1, 2014
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  31. ^ Court ruling: Constitutional Court: Nuclear power plant operators are entitled to compensation for phasing out nuclear power . In: sueddeutsche.de . December 6, 2016, ISSN  0174-4917 ( sueddeutsche.de [accessed December 11, 2016]).
  32. ^ Constitutional court on the nuclear phase-out: Eon and RWE must be compensated . In: handelsblatt.com . December 6, 2016 ( handelsblatt.com [accessed December 11, 2016]).
  33. Klaus Hempel SWR, Bayerischer Rundfunk: Karlsruhe decides on lawsuit against accelerated nuclear phase-out: Do energy companies have to be compensated? | BR.de . December 6, 2016 ( archive.org [accessed December 20, 2016]).
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  35. E.ON sets new strategic priorities , finanzen.net, December 27, 2010
  36. E.ON sells stake in Gazprom , finanzen.net, December 27, 2010
  37. Eon wants to sell gas network in Italy. In: www.rtl.de. Retrieved November 23, 2019 .
  38. E.ON completes sale of UK distribution network business to PPL Corporation ( Memento from December 15, 2013 in the Internet Archive )
  39. E.ON sells stake in Stadtwerke Duisburg ( Memento from July 27, 2012 in the Internet Archive )
  40. handelsblatt.com
  41. E.ON and HEAG agree on the sale of the HSE stake ( Memento from November 13, 2013 in the Internet Archive )
  42. E.ON sells Open Grid Europe to a consortium of infrastructure investors ( Memento from August 10, 2012 in the Internet Archive )
  43. E.ON sells shares in Horizon Nuclear Power ( Memento from April 11, 2013 in the Internet Archive )
  44. E.ON sells shares in E.ON Thüringer Energie ( Memento from January 27, 2013 in the Internet Archive )
  45. E.ON sells stake in Slovenský Plynárenský Priemysel ( Memento from January 27, 2013 in the Internet Archive )
  46. ^ Snam, Fluxys buy Interconnector stake for 127 mln euros . In: Reuters . May 16, 2012 ( reuters.com [accessed November 23, 2019]).
  47. E.ON establishes joint venture with EQT Infrastructure ( Memento from January 27, 2013 in the Internet Archive )
  48. E.ON sells Hungarian gas companies E.ON Földgáz Trade and E.ON Földgáz Storage ( Memento from April 1, 2013 in the Internet Archive )
  49. E.ON sells shares in E.ON Westfalen Weser ( Memento from July 1, 2013 in the Internet Archive )
  50. E.ON sells shares in E.ON Mitte ( Memento from December 17, 2013 in the Internet Archive )
  51. Company name “Ruhrgas” has finally disappeared. Handelsblatt, May 2, 2013, accessed on March 27, 2015 .
  52. stromvergleich.de
  53. stromvergleich.de
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  56. Eon gives up atomic energy, coal and gas , Sueddeutsche.de, December 1, 2014
  57. ^ Eon split , Handelsblatt.com, December 1, 2014
  58. Old world collides with new world , Sueddeutsche.de, December 1, 2014
  59. Note: see also Eon-Bilanz 2013 Annual Report 2013, p. 160 ( Memento of May 8, 2014 in the Internet Archive ) (PDF)
  60. uniper.energy ( Memento from July 5, 2016 in the Internet Archive ) (PDF)
  61. ^ Federal Network Agency - Unauthorized telephone advertising - press release. Retrieved October 12, 2018 .
  62. ^ E.ON: Acceptance of Fortum's takeover offer for shares in Uniper SE
  63. E.ON wants to take over Innogy. tagesschau.de , accessed on April 3, 2018 .
  64. Eon wants to buy Innogy - reorganization on the energy market. Manager Magazin , accessed April 3, 2018 .
  65. Why the Innogy takeover is the energy industry's mega-deal. Wirtschaftswoche , accessed on April 3, 2018 .
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Coordinates: 51 ° 14 ′ 0 ″  N , 6 ° 46 ′ 22 ″  E