Cegedel S.A. called Compagnie Grand-Ducale d'Électricité du Luxembourg (Grand Ducal Electricity Company of Luxembourg) until 17 May 1997, is a Luxembourgian company that distributes electricity. It operates under a concession written into the law under which it was formed, and distributes 70% of the electricity used in the country, amounting to 6,616 GWh.
The Luxembourgian government owns one-third of the company, making it the largest single shareholder, followed by the 30.4% stake held by Luxempart-Energie, with smaller stakes held by SNCI (12%) and Electrabel (8%). Shares in the company are listed on the Luxembourg Stock Exchange, of which it is one of the ten (and one of the seven Luxembourg-based) members of the main index, the LuxX Index.
COMMISSION GIVES GREEN LIGHT FOR VSE-CEGEDEL JOINT TELECOMS VENTURE.(joint venture between VSE AG and Compagnie Grand-Ducale d'Electricite du Luxembourg S.A.)(Brief Article)
Dec 23, 2005; The European Commission has given the green light to a joint venture between VSE of Germany and Cegedel of Luxembourg. The...
ELECTRICITY: EUROPEAN COMMISSION ADOPTS DECISIONS ON TRANSITIONAL REGIMES.(German utility VEAG will be allowed to derogate from the provisions of the EU Electricity Directive)(Government Activity)
Jul 09, 1999; Summary:The European Commission has finally adopted its Decision on power utilities' so-called "stranded costs" -...