 Get Quote: EON
Financials: Latest Results
Rank: 16 (Previous rank: 29)
CEO: Johannes Teyssen Employees: 78,889 Address: E.ON Platz 1 Düsseldorf, 40479 Country: Germany Website: www.eon.com Germany's largest utility company, E.ON, is struggling in the face of a couple of tough conditions: For one, demand in Europe for energy is flatlining. And last year, the German government called for the shutdown of its nuclear reactors in the wake of the Fukushima plant disaster in Japan. E.ON and other utilities companies are suing the German government for damages as a result of its decision to close the reactors. E.ON is asking for €8 billion (about $10 billion) in damages. Going forward, the company plans to continue to survive the economic environment by selling non-core assets and boosting its efforts in renewable energy, CEO Johannes Teyssen said during the company's interim report for the first quarter of 2012. --S.D. Subscribe to Fortune Magazine |
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