Energy Styria

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Energie Steiermark AG

logo
legal form Corporation
founding 1996
Seat Graz
management Christian Purrer, Martin Graf
Number of employees 1854
sales 1.37 billion euros
Branch power supply
Website www.e-steiermark.com
Status: 2017

The Energie Steiermark is an Austrian power company . The company with its subsidiaries and holdings is active in the fields of electricity, gas and heating throughout Austria with a focus on Styria and internationally.

The subsidiary of Energie Steiermark, Energie Steiermark Kunden  GmbH, is responsible for sales, and Energiesetze Steiermark  GmbH for the operation, maintenance and expansion of the network. In addition, Energie Steiermark has subsidiaries and holdings in the Czech Republic , Slovenia and Germany as well as in Slovakia via the subsidiary Stefe SK, which achieved sales of EUR 52 million in 2008 with 250 employees, secured the heat supply for 70,000 apartments and public buildings was the market leader in the Slovak district heating market with a market share of around 9%. Furthermore, Energie Steiermark holds 49% of the shares in Energie Graz .

In 2019, Energie Steiermark sold 16,871  GWh of electricity, 12,596 GWh of natural gas and 1,968 GWh of district heating and achieved sales of 1.373 billion euros with 1,854 employees.

history

Energie Steiermark AG was founded in 1996 as the umbrella company of the State of Styria for its Styrian Wasserkraft- und Elektrizitäts-AG (STEWEAG), Styrian District Heating and Styrian District Gas . STEWEAG was originally founded in 1922 to expand the Mur and was later merged with Steiermärkische Elektrizitäts-Gesellschaft  (STEG) to form STEWEAG-STEG. STEG was the electricity pioneer in the Graz area and, when it was founded in 1910, took over the Lebring and Peggau plants , both built in the 1900s.

In 1998 the French energy supplier Électricité de France  (EDF) and the natural gas company Gaz de France  (GDF) took part in Energie Steiermark and entered into strategic partnerships. Together they held 25 percent (plus one share). The province of Styria continued to hold the remaining 75 percent (minus one share). In June 2009, Gaz de France withdrew its shares from Energie Steiermark. These were then taken over by the EDF, whereby they held the entire minority share.

After it was founded in 1996, Energie Steiermark (ESTAG) expanded and gradually expanded its investment portfolios at home and abroad. Through acquisitions, holdings and partnerships among others from Energie Graz , Pichler Werke , Feistritzwerke and Our Wasserkraft , Energie Steiermark was able to increase the number of customers in the electricity business from around 150,000 to around 600,000.

In 2002 Energie Steiermark largely withdrew from electricity production. As part of a repositioning, the company is focusing on the core business of network operation, trading and sales in all energy sectors. The power plants were all handed over to Verbund AG  (VERBUND), which had created several subsidiaries for this purpose ( Verbund Hydro Power, Thermal Power, etc.). The Verbund subsidiary STEG and the state-owned STEWEAG were merged to form STEWEAG-STEG GmbH (SSG) (this was finally dissolved in 2014 and embedded in the new division-oriented group structure). The two groups ESTAG and VERBUND were proportionally closely interwoven.

From 2003, the party-politically dominated management of the company came into the focus of public prosecutor's investigations because of ongoing mismanagement and enrichment allegations, which triggered the cause known to the Austrian public as the "ESTAG scandal". The legal proceedings were discontinued in October 2006 with no result.

Christian Purrer has been one of the company's two board members since April 2012. Olaf Kieser also started on the Executive Board in April 2012 and moved to Stadtwerke Stuttgart in April 2016 . Martin Graf followed him as a member of the board.

In November 2015, the Styrian state government unanimously approved the sale of the Energie-Steiermark shares in EDF International SA to the Australian financial investor Macquarie .

Companies

Ownership

Since 2016, the shareholder structure has been divided into 74.90% Land Steiermark and 25.10% SEU  Holdings S.à rl in Luxembourg, a subsidiary of Macquarie Group  Ltd., Australia (via Macquarie European Infrastructure Fund 4 LP ).

Subsidiaries

Important subsidiaries and carriers of the main business areas are:

  • Energie Steiermark customers GmbH
  • Energie Steiermark Technik GmbH
  • Energie Steiermark Wärme GmbH
  • Energie Steiermark Service GmbH
  • Energieetze Steiermark GmbH
  • Energie Steiermark Green Power GmbH
  • easy green energy GmbH & Co. KG

Holdings

Energie Steiermark holds numerous minority stakes in domestic and foreign companies. Important domestic participations are:

The most important foreign subsidiaries and holdings include:

  • Adriaplin doo in Slovenia
  • Jihlavske Kotelny sro in the Czech Republic
  • Stefe SK as with 8 regional subsidiaries in Slovakia

Individual evidence

  1. ↑ a b c facts and figures. (No longer available online.) Energie Steiermark, archived from the original on March 27, 2014 ; Retrieved June 19, 2014 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.e-steiermark.com
  2. ↑ Participation overview of Energie Steiermark , as of December 31, 2018
  3. ^ History of Styrian Energy . Energie Steiermark, accessed on January 24, 2019.
  4. ↑ Bartel Granigg: The use of hydropower in Austria - and its geographical basis. Springer-Verlag, Vienna 1925, ISBN 9783662288696 , Chapter VI e) Large power plants in Styria , p. 51 ff (especially p. 52, Google eBook, full view ).
  5. ↑ cf. Steweag – Steg GmbH. Court of Auditors report. In: BMWA: Bund 2007/4, pp. 43–66 ( report pdf , on rechnungshof.gv.at).
  6. ↑ Redesign of the VERBUND generation structure completed. Press release of August 23, 2002 (on verbund.com).
  7. ↑ Estag scandal is disposed of. In: Der Standard , October 5, 2006, accessed May 3, 2017.
  8. ↑ Energie Steiermark press release on the change in the management board from April 2016 , accessed on December 22, 2015
  9. ↑ Press release of the Styrian provincial government about the sale of the EDF shares in E-Steiermark November 2015 , accessed on December 22, 2015.
  10. ^ Energie Steiermark: Ownership structure. trendtop500.at (accessed November 19, 2016).

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