RWE
Company type | Public (FWB: RWE) |
---|---|
Industry | Utilities, energy |
Founded | 25 April 1898 |
Headquarters | Essen, Germany |
Key people | Jürgen Großmann (President and CEO), Thomas Fischer (Chairman of the supervisory board) |
Products | Electricity generation and distribution, renewable energy, natural gas exploration, production, transportation and distribution |
Revenue | €48.95 Billion (2008)[1] $71,851 Billion [1] |
€6.826 billion (2008)[1] | |
€2.558 billion (2008)[1] | |
Number of employees | 65,900 (2008)[1] |
Parent | Elektrizitäts-AG vormals W. Lahmeyer & Co |
Website | www.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)
Financial data
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 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
- ^ a b c d "Annual Report 2008" (PDF). RWE. Retrieved 2009-03-06.
- ^ a b c RWE: History
- ^ Renewables within RWE's capacity and generation mix, page 8
- ^ http://rwecom.geber.de/factbook/en/rwe/electricity/generation/groupelectricityproductionandplantcapacity.html
- ^ RWE electricity label 2006
- ^ Press release Carbon Market Data: RWE, Enel and E.ON top the list of European CO2 emitters
- ^ http://money.cnn.com/news/newsfeeds/articles/apwire/3e8bc7ee811bd771be83c3bf1960bbbc.htm