E.ON SE (EONGn.DE) Key Developments | Reuters.com
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E.ON SE (EONGn.DE)

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Latest Key Developments (Source: Significant Developments)

E.ON SE reconfirms FY 2015 outlook
Wednesday, 11 Nov 2015 01:30am EST 

E.ON SE:Confirms full-FY 2015 outlook.Just a few weeks before Uniper begins operations in January, E.ON reaffirmed its forecast for full-year 2015.Continues to expect its EBITDA to be between 7 billion and 7.6 billion euros and its underlying net income to be between 1.4 billion and 1.8 billion euros.FY 2015 EBITDA estimate 7.24 billion euros - Thomson Reuters I/B/E/S.FY 2015 net income estimate 1.62 billion euros - Thomson Reuters I/B/E/S.  Full Article

E.ON SE agrees $1.6 billion sale of North Sea assets to Fridman
Wednesday, 14 Oct 2015 05:00am EDT 

E.ON SE:To divest Norwegian exploration & production business to DEA.To sell Norwegian E&P business for $1.6 billion to DEA Deutsche Erdoel AG (including $0.1 billion of cash).Says UK E&P business remains under strategic review.  Full Article

E.ON SE - UK watchdog extends energy market probe to June 2016 - Reuters
Sunday, 20 Sep 2015 08:00pm EDT 

E.ON SE:Britain's competition authority has extended the deadline for its investigation into the country's largest energy suppliers by six months to late June 2016 to consider feedback from industry and consumer groups, it said on Monday - Reuters.Six suppliers -- SSE , Scottish Power, Centrica, RWE npower, E.ON and EDF Energy -- control more than 90 percent of the market and are under intense scrutiny because of public outrage over rising energy bills - Reuters.The Competition and Markets Authority (CMA) said it would aim to deliver the findings "well within" the new timeframe, with a provisional decision by January and a final decision by the end of April - Reuters.An interim update to the probe, published in February, showed most British energy customers who have not switched supplier and/or tariff have missed out on saving up to 234 pounds ($360) a year - Reuters.  Full Article

E.ON says German nuclear power remains with E.ON, comments FY 2015 outlook
Wednesday, 9 Sep 2015 01:58pm EDT 

E.ON SE:Says supervisory board unanimously approved proposal for German nuclear business and related activities to remain at the future E.ON.This does not affect new corporate strategy and E.ON is planning to spin off a majority of Uniper with its businesses power generation in and outside Europe and global energy trading in 2016 to its shareholders.Outlook for full-year 2015: EBITDA of between 7.0 billion euros and 7.6 billion euros and underlying net income of between 1.4 billion euros and 1.8 billion euros.Expects to record impairment charges in the higher single-digit billion euro range in the current quarter.Non-cash effective impairment charges will result in E.ON reporting substantial negative net income for the 2015 financial year.FY 2015 EBITDA estimate 7.3 billion euros - Thomson Reuters I/B/E/S.  Full Article

E.ON SE agrees partnership with Organic Response
Tuesday, 25 Aug 2015 04:02am EDT 

E.ON SE:Forges partnership with organic response.Companies will work together to establish sales channels and ramp up marketing activities for these products in E.ON's markets.  Full Article

E.ON SE reaffirms FY 2015 outlook
Wednesday, 12 Aug 2015 01:22am EDT 

E.ON SE:Reaffirms FY 2015 outlook.Still expects 2015 EBITDA of 7 billion - 7.6 billion euros, underlying net income of 1.4 billion - 1.8 billion euros.  Full Article

ERG SpA buys hydroelectric power plant for 0.95 billion euros from E.ON SE
Thursday, 6 Aug 2015 03:21pm EDT 

ERG SpA:Its subsidiary, ERG Power Generation, signed contract with E.ON Italia for acquisiton of a portfolio of hydroelectric power plants in Italy.Portfolio consists of 16 power plants, 7 dams, 3 reservoirs and a pumping station. The estimated overall average annual output is around 1.4 TWh.Deal value is 0.95 billion euros.  Full Article

Gazprom, E.ON SE, Shell and OMV agree to develop gas transportation capacities for the deliveries of the Russian natural gas to Europe
Thursday, 18 Jun 2015 05:44am EDT 

E.ON SE:During St. Petersburg International Economic Forum Gazprom OAO, E.ON SE, Royal Dutch Shell plc and OMV AG, signed Memorandums of Understanding on cooperation in the project of construction of the gas transportation infrastructure for direct deliveries of Russian natural gas to European customers.The Memorandums reflect the parties' intentions to implement the project of construction of two gas pipelines through the Baltic Sea from Russia to Germany.The throughput capacity of the new gas pipeline will be 55 billion cubic meters per year.  Full Article

E.ON SE confirms FY 2015 outlook
Wednesday, 6 May 2015 08:00pm EDT 

E.ON SE:Still expects 2015 EBITDA of 7 billion - 7.6 billion euros, underlying net income of 1.4 billion - 1.8 billion euros.  Full Article

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

Germany's E.ON says Brexit consequences are manageable

FRANKFURT, June 24 German utility E.ON on Friday said the decision by British voters to leave the European Union was manageable for the company because its business in Britain was regional.