RWE AG (RWEG.DE)
Latest Key Developments (Source: Significant Developments)
Innogy SE : Bookrunner says IPO books covered within the range on the full dealsize, incl. the upsize option & greenshoe option Further company coverage: [RWEG.DE] ((Frankfurt.email@example.com; +49 7565 1272;)). Full Article
Competition and Markets Authority : Publishes final energy market reforms . Over 30 measures will be brought in to drive down costs . Concluded its energy market investigation setting out a wide range of reforms to modernise the market for the benefit of customers . Investigation found that 70 pct of domestic customers of 6 largest energy firms still on an expensive ‘default’ standard variable tariff . Has found customers have been paying 1.4 billion stg a year more than they would in a fully competitive market . Suppliers will be ordered to give ofgem details of all customers who have been on their default tariff for more than three years . Details of all customers on default tariff for more than 3 yrs will be put on a secure database .Ofgem will also be given much greater influence over the detailed codes that govern the working of the market. Full Article
RWE AG:A nuclear power plant in Germany has been found to be infected with computer viruses, but they appear not to have posed a threat to the facility's operations because it is isolated from the Internet, the station's operator said on Tuesday.The Gundremmingen plant, located about 120km (75 miles) northwest of Munich, is run by the German utility RWE.The viruses, which include "W32.Ramnit" and "Conficker", were discovered at Gundremmingen's B unit in a computer system retrofitted in 2008 with data visualisation software associated with equipment for moving nuclear fuel rods, RWE said.Malware was also found on 18 removable data drives, mainly USB sticks, in office computers maintained separately from the plant's operating systems. RWE said it had increased cyber-security measures as a result.W32.Ramnit is designed to steal files from infected computers and targets Microsoft Windows software, according to the security firm Symantec.First discovered in 2010, it is distributed through data sticks, among other methods, and is intended to give an attacker remote control over a system when it is connected to the Internet.Conficker has infected millions of Windows computers worldwide since it first came to light in 2008. It is able to spread through networks and by copying itself onto removable data drives, Symantec said.RWE has informed Germany's Federal Office for Information Security, which is working with IT specialists at the group to look into the incident. Full Article
RWE AG:New company for renewables, grids and retail in Germany and internationally starts operating.Further decisions made regarding management Team.New company is headquartered in Essen. Full Article
FRANKFURT Leading German energy group Innogy is combining its activities relating to electric vehicles into a new unit, seeking to benefit from renewed efforts by global carmakers to increase sales.