RWE’s Innogy subject to Iberdrola takeover speculation

Innogy, which is 76.8 per cent owned by top German utility RWE, saw its share price rise 2 per cent on Thursday, amid speculation of a takeover by Spain’s Iberdrola.

German utilities score victory over Merkel government

Germany’s top power utilities have recorded a major victory over the government, after the country’s highest court ruled a law imposing a tax on nuclear fuel was unconstitutional.

Ruling: Germany must pay utilities over nuclear phase-out

Germany’s constitutional court has ruled that the country’s government must compensate utilities for the decision to phase out nuclear power entirely by 2022.

EPH chief explains rationale for coal power acquisitions

The chief executive of Czech utility EPH has been outlining the reasons why his company has gone against the grain in purchasing coal-fired power plants around Europe at a time when the trend is going in the other direction.

Innogy result a blow to RWE

Innogy, RWE’s renewables, grid and retail offshoot, has recorded a 7 per cent fall in core profit.

Dong Energy to depart from oil and gas business

Dong Energy plans to sharpen its focus on wind energy and plans to offload the rest of its oil and gas business. It has hired JP Morgan to help with the business of selling this arm of its business.

Germany approves nuclear waste storage deal with utilities

Germany has approved a deal with its major utilities on how to cover the costs of handling and storing nuclear waste.

Low water levels impact on German coal plants

RWE has reported that its coal-fired power plants at Bergkamen, Gersteinwerk and Westfalen are being affected by low water levels on the river Rhine.

Innogy IPO positive sign for Q4

EY analysis suggests last week’s ‘successful’ initial public offering (IPO) of RWE’s spin off renewables business Innogy, is a positive indicator for IPOs generally in the energy sector for the rest of the year.

E.ON mulling sale of grid business

Germany’s largest utility, E.ON, is reported to be considering the sale of its grid business as it continues to adapt to inhospitable market conditions.

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