E.ON SE (marketed with an interpunct as E·ON) is a European
holding company based in Essen, North Rhine-Westphalia, Germany. It
runs one of the world's largest investor-owned electric utility
service providers. The name comes from the Greek word aeon which means
age. The company is a component of the
Euro Stoxx 50 stock market
It operates in over 30 countries and serves over 33 million
customers. It is one of the 30 members of the
DAX stock index
of major German companies and a member of the Global Titans 50 index.
Its chief executive officer (Vorstandsvorsitzender) is Dr. Johannes
E.ON separated its conventional power generation and energy trading
operations into a new company, Uniper, on 1 January 2016, retaining
its retail, distribution and nuclear operations.
E.ON sold a
majority stake in
Uniper in September 2016.
2.1 Nuclear energy
2.2 Windfarm projects
2.3 Business services
5 See also
7 External links
E.ON came into existence in 2000 through the merger of energy
VEBA and VIAG (Vereinigte Industrieunternehmungen AG; United
Industrial Enterprises Corporation). In the United Kingdom, Powergen
was acquired by
E.ON in January 2002. In 2003
E.ON entered the gas
market through the acquisition of
E.ON Ruhrgas). E.ON
Ruhrgas was represented in more than 20 countries in Europe.
E.ON also acquired
OGK-4 in Russia. Sydkraft
Powergen were rebranded to
E.ON Sverige and
E.ON UK respectively.
In the United States,
E.ON inherited Louisville, Kentucky-based
Louisville Gas & Electric Energy, via the acquisition of Powergen,
and operated it as
E.ON US, until 2010, when
E.ON US was sold to
Pennsylvania-based PPL for $7.625 billion. The sale was closed on 1
November 2010, with E-ON US becoming LG&E and KU Energy.
E.ON attempted to acquire Endesa in 2006, however this acquisition was
overtaken by a joint bid from Italian utility
Enel in conjunction with
Spanish company Acciona.
E.ON acquired about €10 billion of assets
that the enlarged
Enel was required to divest under EU competition
In July 2009, the
European Commission fined
GDF Suez and E.ON
€553 million each over arrangements on the MEGAL
pipeline. It was the second biggest fines imposed by the
European Commission and first one on the energy sector. In
Ruhrgas and Gaz de France concluded a deal according to which
they agreed not to sell gas in each other's home market. The deal was
abandoned in 2005.
RWE established an equally owned joint venture
Horizon Nuclear Power
Horizon Nuclear Power to develop around 6,000 MWe of new nuclear
capacity in the United Kingdom by 2025 at the Wylfa and Oldbury sites.
However, in March 2012
RWE announced they were pulling out of
the project due to difficult financial conditions.
In August 2011, the company announced a possible loss of 10,000 of its
85,600 employees due to the German decision to close all the
country's nuclear power stations by 2022, instead of by 2036 as the
Bundestag had decided on 28 October 2010.
As a result,
E.ON developed an enhancement program to reorganize the
company. The company made progress in implementing its strategy and
will increase its activities in growth markets outside Europe. The
next step is to enter the Brazilian market.
In May 2014 the UK energy sector regular Ofgem ordered the company to
pay 330,000 of its customers a total sum of £12 million due to
poor sales practices the company engaged in between June 2010 and
December 2013. At the time it was the largest penalty levied against a
UK energy supplier.
In November 2014,
E.ON announced to abstain from fossil energy in the
future. It transferred its fossil energy businesses into a new
company Uniper, which started operating on 1 January 2016.
E.ON sold a 53% stake in the business through a listing on the
Frankfurt Stock Exchange
Frankfurt Stock Exchange in September 2016. In 2017, it agreed to
sold its remaining stake in
Uniper to the Finnish power company
In March 2018, it was announced that
E.ON will acquire renewable
Innogy in a complex €43 billion deal of assets
swap with RWE. As a result
RWE will take a 16.7% stake in E.ON.
E.ON is one of the major public utility companies in Europe and the
world's largest investor-owned energy service provider. As result of
E.ON inherited the subsidiaries of VEBA, VIAG and
Central and Eastern Europe.
E.ON is present in most of Scandinavia.
E.ON is organized into the following business areas:
PreussenElektra (nuclear energy company)
PreussenElektra GmbH operates the Brokdorf, Grohnde,
and Isar 2 nuclear power plants. It is decommissioning Isar 1 and
Unterweser nuclear power plants. It also holds minority stakes in
the RWE-operated Gundremmingen and Emsland nuclear power plants.
According to the assets swap deal between
E.ON and RWE,
acquire these minority stakes.
Eon is a major wind energy player across multiple countries. It has
assets in the UK, Sweden, Germany,
Poland and the USA. Notably
E.ON UK, owns 30% of the
London Array project, which is a 630 MW wind
generation farm in the Thames estuary. Another notable wind farm is
Roscoe, which was the largest in the world at the time of completion,
and for a number of years afterwards.
E.ON Business Services (previously
E.ON IT (until 30 September 2013),
and is:energy) is the IT service provider of the energy company E.ON.
It bundles business services for finance and HR as well as IT under a
single roof and employs around 3,800 people. These are located at four
legal entities in
Germany (EBS GmbH, EBS Berlin GmbH, EBS Hanover GmbH
and EBS Regensburg GmbH); plus legal entities in ten further countries
(Belgium, Netherlands, Luxembourg, Czech Republic, Hungary, Italy,
Sweden and United Kingdom). 
VEBA and VIAG merged to become E.ON, these companies were
provided with IT services by synergis GmbH and GEDOS mbH. After the
merger in 2001, these two companies became is:energy. The new company
was a partnership of
E.ON Energie AG (74.78%) and Cap Gemini Ernst
& Young AG (25.22%). In 2005 Cap Gemini Ernst & Young
relinquished its minority stake to E.ON's regional suppliers. This
created is:energy, which as a result of the change of partners became
E.ON IS, a direct subsidiary of E.ON. In 2006,
E.ON IS extended its
product range to include telecommunications services. At the same
time, the company's international expansion continued.[citation
E.ON UK sponsored the
FA Cup for four years, from 2006 to the end of
the 2009/10 football season. The four-year deal which included the
FA Women's Cup and the
FA Youth Cup
FA Youth Cup was worth around £40 million.
E.ON is the official energy partner of
The Football League
The Football League and
sponsors a collection of home programmes on Channel Five in the UK.
E.ON has previously sponsored ITV Weather, the Ipswich Town football
club and the Rugby Cup.
Between 2000 and 2006,
E.ON was the main kit sponsor of German
Bundesliga club Borussia Dortmund.
Ruhrgas is the main sponsor of the IBU biathlon[when?] World Cup
and is the main sponsor of the Ski jumping World Cup[when?].
E.ON Sverige sponsored the home arena of Swedish ice hockey team
Timrå IK from 2003 to 2015.
E.ON was one of the main sponsors of 2007–2008 Dutch Eredivisie
Champions PSV Eindhoven.
Between 1998 and 2014,
E.ON spent more than 30 million euros ($41
million) supporting the Museum Kunstpalast, located next to the
corporate headquarters in Düsseldorf.
E.ON decided to sell Jackson Pollock's Number 5 (Elegant
Lady) (1951), a painting the company has owned since 1980, at
Christie's auction to keep funding the Museum Kunstpalast. Pollock
had swapped it in 1954 with New York gallery owner Martha Jackson for
the convertible in which he had a fatal accident two years later. In
1980, Ulrich Hartmann, head of VEBA's corporate board office, pushed
for the purchase from art dealer Alfred Schmela. The acquisition was
considered the foundation for E.ON's art collection of more than 1,800
Elbe Crossing 1
Elbe Crossing 2
Baltic Cable (operated in cooperation with Baltic-Cable AB)
European Transmission System Operators
Gesellschaft für Nuklear-Service
Power to gas
Scroby Sands wind farm
^ "Annual Report -
E.ON SE". eon.com.
^ "Structure". Archived from the original on 22 November 2012.
Retrieved 20 November 2012.
^ "Questions and Answers about
E.ON Group – What does
Archived from the original on 4 January 2012. Retrieved 22 December
^ "#NAME# Liste - #NAME# Werte - boerse-frankfurt.de".
Boerse-frankfurt.de. Archived from the original on 19 November 2015.
^ "Who we are. An overview". Archived from the original on 25 December
2010. Retrieved 18 January 2011.
^ "Energieversorger, Erneuerbare Energien, Strom, Gas -
Eon.com. Archived from the original on 6 December 2008. Retrieved 3
E.ON ditches nuclear spin-off plan". DW. 10 September 2016.
Retrieved 16 November 2016.
^ Andresen, Tino (12 September 2016). "EON Loosens Ties to Old Energy
Uniper Starts Trading". Bloomberg. Retrieved 16 November
^ "WORLD BUSINESS BRIEFING - EUROPE -
E.ON TO BUY POWERGEN -
NYTimes.com". Query.nytimes.com. 10 April 2001. Retrieved
^ "PPL Completes Acquisition of Two Kentucky Utility Companies".
Pplweb.mediaroom.com. Retrieved 2016-02-03.
^ Mark Milner. "Eon drops out of Endesa fight". the Guardian.
^ a b c Nikki Tait (8 July 2009). "Brussels fines GDF and Eon
€1.1bn". Financial Times. Retrieved 8 July 2009.
^ Adam Mitchell (8 July 2009). "GDF Suez: To Appeal EU Antitrust
Decision On Pipeline". The Wall Street Journal. Archived from the
original on 13 August 2009. Retrieved 8 July 2009.
^ Ian Traynor (8 July 2009). "Brussels levies €1.1bn fine on gas
pact pair". The Guardian. Retrieved 8 July 2009.
^ "RWE, EOn pull plug on UK nuclear plans". World Nuclear News. 29
March 2012. Retrieved 7 April 2012.
^ "Eon may detail job cuts". Financial Times.
^ Bundestag: „Laufzeitverlängerung von Atomkraftwerken
E.ON making progress with restructuring, confirms forecast".
Industrial-newsroom.com. Retrieved 2016-02-03.
^ "E.On to reimburse 12mn pounds to customers for mis-selling power".
The UK News. Retrieved 17 May 2014.
^ Berlin, Markus Balser. "Energiekonzern: Eon gibt Atomenergie, Kohle
und Gas auf". sueddeutsche.de (in German). ISSN 0174-4917.
^ "Eon zieht nach
Essen - Neue Gesellschaft heißt Uniper". 27 April
2015. Retrieved 28 April 2015.
^ mm-newsdesk (27 April 2015). "Eons Kernspaltung - mit "Uniper" soll
alles besser werden". Retrieved 28 April 2015.
Uniper shares get off to volatile market debut". DW. 12 September
2016. Retrieved 16 November 2016.
^ a b Massoudi, Arash; Buck, Tobias (2018-03-11). "Eon to acquire
Innogy in €43bn deal with RWE". Financial Times. Retrieved
2018-03-11. (Subscription required (help)).
^ "Unterweser gets decommissioning approval". World Nuclear News.
2018-02-07. Retrieved 2018-03-24.
E.ON Climate & Renewables GmbH -
E.ON SE". Eon.com. 2011-12-15.
E.ON Business Services GmbH -
E.ON SE". Eon.com. 1 January 2015.
Archived from the original on 13 March 2012. Retrieved 3 February
^ "BBC NEWS - Business - E.On not to renew
FA Cup backing".
News.bbc.co.uk. Retrieved 2016-02-03.
^ a b Tino Andresen (March 21, 2014), Pollock's 'Elegant Lady' for
Sale as EON Raids Art Hoard Bloomberg News.
^ Kelly Crow (March 20, 2014), Pollock With a Dark Side Wall Street
Media related to
E.ON at Wikimedia Commons
E.ON Energy Trading
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Alpha Ventus Offshore Wind Farm2
Elbe Crossing 1
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