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Sunday, November 30, 2014

German utility E.ON to split in two in major overhaul

Gas-fired power of German utility giant E.ON is pictured in Irsching By Christoph Steitz FRANKFURT (Reuters) - Germany's biggest utility E.ON announced plans on Sunday to split in two and spin off most of its power generation, energy trading and upstream businesses, responding to a crisis that has crippled the European energy sector. E.ON said it wanted to focus on its renewable activities, regulated distribution networks and tailor-made energy efficiency services, citing "dramatically altered global energy markets, technical innovation, and more diverse customer expectations". "E. ...




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