News Digest Item
28 Mar 2017

“Nuclear costs won’t topple E.ON”

Frankfurter Allgemeine Zeitung

After a record loss of 16 billion euros, CEO Johannes Teyssen sees his utility E.ON on track to become “a perfectly normal” company again, Helmut Bünder and Brigitte Koch write in Frankfurter Allgemeine Zeitung. Since profits in the power and gas retailing business have dwindled due to fierce competition, E.ON focusses on the more arduous business of tailor-made customer solutions, the authors write. Yet, E.ON’s management “would already be satisfied with last year’s operating profit” before interest and tax, Bünder and Koch explain. According to Teyssen, the utility’s split from fossil spin-off Uniper has been “very straining,” which is why E.ON’s current “dry spell” was likely to persist for “another two years.”

For background, see the CLEW factsheet E.ON shareholders ratify energy giant’s split.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee