United Energiewerke AG

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United Energiewerke AG

logo
legal form Corporation
founding 1990
resolution 2002
Reason for dissolution fusion
Seat Berlin
Branch power supply

The Vereinigte Energiewerke AG (VEAG) was a German energy supply company based in Berlin .

history

Due to the so-called current contract of 22 August 1990 between the GDR -Regierung, the THA and the large west German interconnected companies, Preussen Elektra AG , Rhine-Westfalia Electricity Works AG and Bayernwerk AG and the five small Badenwerke , BEWAG , EVS , HEW and VEW was United Energiewerke AG was founded on December 12, 1990 as a new group company by the Treuhandanstalt. In February 1991, the East German power plants were converted into VEAG, the year before from the state- owned Combine Lignite Power Plants into Vereinigte Kraftwerks AG, Peitz , as well as the Verbundnetz, consisting of Verbundnetz Elektroenergie AG Berlin, which consists of the state-owned combine Verbundnetze Energie and the state main load distribution emerged, summarized.

The agency at VEAG was carried out by

  • the Prussian Elektra,
  • the RWE and
  • the Bayernwerk.

In 1994 VEAG was then sold to a company consortium consisting of the seven West German energy suppliers for four billion DM. The companies Preussen-Elektra, Rheinisch-Westfälisches Elektrizitätswerk and Bayernwerk had a 75% stake in this, and EBH , a holding company owned by BEWAG, VEW, Badenwerk, EVS and HEW , got 25% . The sales price was only about one billion DM, however, since assets not required for operations in the amount of 3 billion DM had been transferred to VEAG Vermögensverwaltungsgesellschaft mbH , which was founded by the Treuhandanstalt on January 1, 1994 .

Due to requirements of the European Commission regarding the merger of VEBA (Preussen-Elektra) and VIAG (Bayernwerk) to E.ON and the Federal Cartel Office for the merger of RWE and VEW, the main shareholders had to part with VEAG. In 2001, HEW, a subsidiary of Vattenfall since 2000, finally acquired the majority of shares in VEAG. E.ON and RWE achieved for its shares in VEAG and LAUBAG revenue of 2.9 billion DM. In September 2002, VEAG has been with the company HEW, LAUBAG and BEWAG in the new company Vattenfall Europe merged .

VEAG power plants

numbers

VEAG generated electricity primarily through the conversion of LAUBAG's lignite into electricity. In 1999 the company had a power generation capacity of around 8,600 MW and sales amounted to DM 4.4 billion. At the end of 1990 the company had around 23,000 employees, ten years later the figure was 5400.

Individual evidence

  1. ^ André Bleicher: The institutionalization of an organizational field: the example of the electricity industry . Dissertation, BTU Cottbus 2007, p. 172
  2. ↑ Vattenfall Europe, slide 4 ( Memento of the original from March 4, 2016 in the Internet Archive ) 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. (PDF; 3.2 MB) @1@ 2Template: Webachiv / IABot / www.tu-cottbus.de
  3. ↑ German Bundestag Printed Matter 13/7725 of 20 May 1997
  4. ↑ Bundeskartellamt, merger control proceedings, decision of May 10, 2001, page 3 (PDF; 83 kB)
  5. ↑ Chronology ( Memento of February 12, 2006 in the Internet Archive )
  6. ↑ Communication from E.ON December 13, 2000
  7. ↑ Roesler, Jörg; Semmelmann, Dagmar "... nothing works without energy!". The East German Energy Industry from the Combines to VEAG (1980-2001)