E.ON

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Reuters - 6 hours ago

E.ON's investment programme fully financially backed, CFO says

E.ON's investment programme fully financially backed, CFO says FRANKFURT, Aug 14 (Reuters) - German utility E.ON EONGn.DE said on Wednesday that its big spending programme up to 2028 is fully covered, offering sufficient financial headroom. "Our 42-billion euros ($46.28 billion) investment programme is fully financed by internal and external financing," said Chief Financial Officer Nadia Jacobi in a call with analysts after the company presented its earnings report for the first half of the year

Reuters - 7 hours ago

E.ON confirms 2024 outlook after H1 core profit falls 14%

UPDATE 1-E.ON confirms 2024 outlook after H1 core profit falls 14% Adds context in paragraph 2, shares in paragraph 4, details on results in paragraph 5 FRANKFURT, Aug 14 (Reuters) - E.ON EONGn.DE , Europe's biggest operator of energy networks, on Wednesday confirmed its 2024 outlook after posting a 14% drop in first-half core profit, adding regulators in Germany should ensure higher returns for much-needed grid investments.

Reuters - 9 hours ago

E.ON CEO calls for funding framework for private sector spend on power grids

E.ON CEO calls for funding framework for private sector spend on power grids FRANKFURT, Aug 14 (Reuters) - Private sector investments in Germany's electricity networks must be incentivised by better returns, the chief executive of utility E.ON EONGn.DE , Europe's leading operator of energy networks, said on Wednesday. "Grid operators now need a long-term, but quickly effective, framework with provisions for adequate interest on spending on existing and new networks," CEO Leonhard Birnbaum said i

Reuters - 12 hours ago

E.ON confirms 2024 outlook after H1 core profit falls 14%

E.ON confirms 2024 outlook after H1 core profit falls 14% FRANKFURT, Aug 14 (Reuters) - E.ON EONGn.DE , Europe's biggest operator of energy networks, on Wednesday confirmed its 2024 outlook after posting a 14% drop in first-half core profit, adding regulators in Germany should ensure higher returns for much-needed grid investments. "Without adequate returns, it won't be possible to finance the enormous investments to expand network infrastructure.

Reuters - 1 day ago

Power grids’ low-wattage resources may spark M&A

BREAKINGVIEWS-Power grids’ low-wattage resources may spark M&A The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Aug 13 (Reuters Breakingviews) - Europe’s ageing power grids are flipping the switch on their spending. The needs of electric cars, artificial intelligence and renewable energy demand higher investments.

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