Key Developments: E.ON SE (EONGn.DE)

EONGn.DE on Xetra

24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

E.ON SE fined 7.75 million Pounds for overcharging customers - The Guardian
Thursday, 2 Apr 2015 05:03am EDT 

E.ON SE:Has been fined nearly 8 million Pounds for incorrectly charging customers – The Guardian.Energy regulator Ofgem imposed the 7.75 million Pounds penalty after it discovered E.ON was incorrectly charging exit fees and overcharging customers following price rises in 2013 and 2014.Under the regulator’s rules, suppliers have to give customers 30 days’ notice of a price rise to allow people a chance to switch to another supplier if they want to.If a customer tells their supplier they are going to move within that time, they should not be charged an exit fee or the higher energy price even if the switch takes place after the price rise.E.ON failed to follow these rules.The penalty also takes into account that E.ON made the same billing error in 2012.  Full Article

E.ON gives FY 2015 net income outlook in line with analysts' estimates, FY 2015 EBITDA forecast below analysts' estimates
Wednesday, 11 Mar 2015 02:30am EDT 

E.ON SE:Expects FY 2015 underlying net income of 1.4-1.8 billion euros.Expects FY 2015 EBITDA of 7-7.6 billion euros.FY 2015 EBITDA estimate 7.8 billion euros, net income estimate 1.7 billion euros - Thomson Reuters I/B/E/S.  Full Article

E.ON SE sells solar business in Italy
Thursday, 19 Feb 2015 07:00pm EST 

E.ON SE:Divests its solar business in Italy to private infrastructure fund F2I SGR.Says activities sold comprise total generating capacity of 49 megawatt.Agreed not to disclose purchase price.  Full Article

E.ON SE - E.ON Global Commodities signs complete package to export U.S. LNG
Wednesday, 11 Feb 2015 07:00pm EST 

E.ON SE:E.ON Global Commodities SE (EGC SE) and Mitsui O.S.K. Lines, Ltd. (MOL) conclude a 20-year deal for free-on-board shipping capacity.E.ON Global Commodities North America LLC (EGC NA) concludes precedent agreement to ship natural gas on the planned Coastal Bend Header Project.  Full Article

E.ON SE to divest its coal and gas generation assets in Italy to Czech energy company EPH
Monday, 12 Jan 2015 06:06am EST 

E.ON SE:Says to divest its coal and gas generation assets in Italy to Czech energy company EPH.Says activities that will be sold have a total generation capacity of about 4,500 MW.Says continues to assess possible divestment of other businesses in Italy.  Full Article

E.ON acquires stake in machine-to-machine communication provider IMS
Wednesday, 10 Dec 2014 07:00pm EST 

E.ON SE:Says has taken a 25 pct stake in machine-to-machine communication provider IMS and has agreed to join forces with the company on customer projects and software development.  Full Article

E.ON SE plans to spin off upstream businesses, lowers FY 2014 net result outlook and approves FY 2014 and FY 2015 dividend proposal
Sunday, 30 Nov 2014 02:02pm EST 

E.ON SE:Announces plans to spin off its conventional upstream and midstream business to focus on renewables and distribution networks.Says will post substantial net loss for FY 2014 due to additional impairment charges of about 4.5 billion euros ($5.60 billion) in Q4.Says supervisory board has approved proposal to pay out dividend of 0.50 euros per share for 2014 and 2015.  Full Article

Enbridge Inc acquires interest in $650 million value wind portfolio from E.ON SE
Friday, 28 Nov 2014 02:02am EST 

Enbridge Inc:Says it will purchase an 80 pct interest in a portfolio of two wind farms in the U.S. from E.ON, investor-owned power and gas companies.Agreed enterprise value for the portfolio is about $650 million.Under the terms of the agreement, E.ON will retain a 20 pct interest and remain the operator of the wind farms, demonstrating its ongoing commitment to the projects and the North American market.  Full Article

E.ON SE reiterates FY 2014 outlook
Tuesday, 11 Nov 2014 07:00pm EST 

E.ON SE:Continues to anticipate FY 2014 EBITDA of 8 to 8.6 billion euros and underlying net income of 1.5 to 1.9 billion euros.FY 2014 EBITDA estimate 8.383 billion euros - Thomson Reuters I/B/E/S.FY 2014 net income estimate 1.866 billion euros - Thomson Reuters I/B/E/S.  Full Article

E.ON SE divests stake in Finnish Gasum Oy
Sunday, 2 Nov 2014 07:00pm EST 

E.ON SE:Has agreed to sell its 20 pct shareholding in Finnish natural gas company Gasum Oy to Finnish State.Gasum Oy is engaged in import, distribution and sale of natural gas in Finland.Purchase price for E.ON’s shares is 0.2 billion euros.Transaction is expected to be completed shortly.Says sale is part of E.ON’s ongoing strategy of optimizing business portfolio and follows divestment of E.ON’s 34 pct participation in Finnish nuclear project Fennovoima and sale of E.ON’s Finnish energy companies, E.ON Kainuu Oy and Karhu Voima Oy in 2013.  Full Article

BRIEF-E.ON, Meridian announce UK gas sales agreement

* E.ON Global commodities and Meridian LNG announce UK gas sales agreement

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