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RWE

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RWE AG
Company typePublic (FWB: RWE)
IndustryUtilities, energy
Founded25 April 1898 Edit this on Wikidata
HeadquartersEssen, Germany
Key people
Jürgen Großmann (President and CEO), Thomas Fischer (Chairman of the supervisory board)
ProductsElectricity generation and distribution, renewable energy, natural gas exploration, production, transportation and distribution
RevenueIncrease€48.95 Billion (2008)[1] Increase$ 71,851 Billion [1]
Increase €6.826 billion (2008)[1]
Increase €2.558 billion (2008)[1]
Number of employees
65,900 (2008)[1]
ParentElektrizitäts-AG vormals W. Lahmeyer & Co Edit this on Wikidata
Websitewww.rwe.com

RWE AG (until 1990: Rheinisch-Westfälisches Elektrizitätswerk AG, FWB: RWE), 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.

History

The Company was founded in Essen in 1898 as Rheinisch-Westfälisches Elektrizitätswerk Aktiengesellschaft (RWE).[2] It first power station started operating in Essen in 1900.[2]

In 1900 the local municipalities together owned the majority of the Company.[2]

In 2003 Dr Dietmar Kuhnt was suceeded by Harry Roels as CEO of the company and then in 2007 Dr. Juergen Grossmann took over.

Operations

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)
Group Center in Essen

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 result 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'
RWE powerplant in the city of Ibbenbüren, Germany

Fuel mix disclosure

RWE produced in 2007 electricity from the following sources: 32.9% hard coal, 35.2% lignite, 1.1% pumped storage, 2.4% renewables, 13.6% gas and 14.9% Nuclear power[3]. In total, the company produced 324.3 TWh of electricity in 2007[4], which makes it the 2nd electricity producer in Europe, after EdF. Electricity production at the German branch of RWE had in 2006 the following environmental implications: 700 µg/kWh radioactive waste and 752 g/kWh CO2 emissions[5]. In 2007 the company was responsible for 151 MTon of CO2[6], which places it between the 28th and the 29nd emitters by country.

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" [7].

See also

References

  1. ^ a b c d "Annual Report 2008" (PDF). RWE. Retrieved 2009-03-06.
  2. ^ a b c RWE: History
  3. ^ Renewables within RWE's capacity and generation mix, page 8
  4. ^ http://rwecom.geber.de/factbook/en/rwe/electricity/generation/groupelectricityproductionandplantcapacity.html
  5. ^ RWE electricity label 2006
  6. ^ Press release Carbon Market Data: RWE, Enel and E.ON top the list of European CO2 emitters
  7. ^ http://money.cnn.com/news/newsfeeds/articles/apwire/3e8bc7ee811bd771be83c3bf1960bbbc.htm
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