Definitions

RWE

RWE

The company RWE is not related to Ralph Waldo Emerson.

RWE AG (until 1990: Rheinisch-Westfälisches Elektrizitätswerk AG) is a German electric power and natural gas public utility company based in Essen. Through its various subsidiaries, the energy company contributes electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe. RWE is the second largest electricity producer in Germany. RWE has announced its intention to divest of American Water, the United States' largest investor-owned water utility.

In 2003 Harry Roels succeeded Dr Dietmar Kuhnt as CEO of the company, since October 2007 Dr. Juergen Grossmann is the new CEO.

RWE subsidiaries include:

  • RWE Power
  • RWE Energy
  • RWE npower
  • RWE Dea
  • RWE Supply & Trading
  • RWE IT
  • RWE Innogy (new Renewables Company, from February 2008 on)
  • American Water (to be IPO-ed in early 2008)

Financial Data

Financial data in millions of euro
Années 2002 2003 2004 2005 2006
Sales 46 633 43 875 42 137 41 189 44 256
EBITDA 7 241 8 476 8 400 8 324 7 861
Net Results 1 050 953 2 137 2 231 3 847
Net Debt 15 494 17 838 12 385 11 438 6 864
Staff 131 765 127 028 97 777 85 928 68 534

''Source:' OpesC'

Transport electrification

Carmaker Daimler AG and utility RWE AG are going to begin a joint electric car and charging station test project in the German capital, Berlin, called "e-Mobility Berlin" .

References

External links

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