Societas Europaea
Traded as FWB: EOAN
Industry Electric utility
Founded 2000 (2000)
Headquarters Essen, Germany
Area served
United States
Key people
Johannes Teyssen (CEO and chairman of the executive board)
Werner Wenning (Chairman of the supervisory board)
Products electrical power
natural gas
Services Electricity generation and distribution
natural gas exploration, production, transportation and distribution
Revenue Increase€116.56 billion (2015)[1]
Profit Decrease −€6.377 billion (2015)
Total assets Decrease €113.369 billion (2015)
Number of employees
56,490 (end 2015)
Subsidiaries E.ON Ruhrgas
E.ON Sverige
Website www.eon.com

E.ON SE[2] marketed with an interpunct as E·ON, is a European holding company based in Essen, North Rhine-Westphalia, Germany. It runs one of the world's largest investor-owned electric utility service providers. The name comes from the Greek word aeon which means an age.[3] The company is a component of the Euro Stoxx 50 stock market index.[4]

It operates in over 30 countries and serves over 33 million customers.[5] It is one of the 30 members of the DAX stock index of major German companies and a member of the Global Titans 50 index. Its chief executive officer (Vorstandsvorsitzender) is Dr. Johannes Teyssen.[6]

E.ON separated its conventional power generation and energy trading operations into a new company, Uniper, on 1 January 2016, retaining its retail, distribution and nuclear operations.[7] E.ON sold a majority stake in Uniper in September 2016.[8]


E.ON came into existence in 2000 through the merger of energy companies VEBA and VIAG(Vereinigte Industrieunternehmungen AG; United Industrial Enterprises Corporation). In the United Kingdom, Powergen was acquired by E.ON in January 2002.[9] In 2003 E.ON entered the gas market through the acquisition of Ruhrgas (now E.ON Ruhrgas). E.ON Ruhrgas is represented in more than 20 countries in Europe.

E.ON also acquired Sydkraft in Sweden and OGK-4 in Russia. Sydkraft and Powergen were rebranded to E.ON Sverige and E.ON UK respectively. In the United States, E.ON inherited Louisville, Kentucky-based LG&E Energy, via the acquisition of Powergen, and operated it as E.ON US, until 2010, when E.ON US was sold to Pennsylvania-based PPL for $7.625 billion. The sale was closed on 1 November 2010, with E-ON US becoming LG&E and KU Energy.[10]

E.ON attempted to acquire Endesa in 2006, however this acquisition was overtaken by a joint bid from Italian utility Enel in conjunction with Spanish company Acciona. E.ON acquired about €10 billion of assets that the enlarged Enel was required to divest under EU competition rulings.[11]

In July 2009, the European Commission fined GDF Suez and E.ON €553 million each over arrangements on the MEGAL pipeline.[12][13] It was the second biggest fines imposed by the European Commission and first one on the energy sector.[12][14] In 1975, Ruhrgas and Gaz de France concluded a deal according to which they agreed not to sell gas in each other's home market. The deal was abandoned in 2005.[12]

In 2009, E.ON and RWE established an equally owned joint venture Horizon Nuclear Power to develop around 6,000 MWe of new nuclear capacity in the United Kingdom by 2025 at the Wylfa and Oldbury sites. However, in March 2012 E.ON and RWE announced they were pulling out of the project due to difficult financial conditions.[15]

In August 2011, the company announced a possible loss of 10,000 of its 85,600 employees due to the German decision to close all the country's nuclear power stations by 2022, instead of by 2036 as the Bundestag had decided on 28 October 2010.[16][17]

As a result, E.ON developed an enhancement program to reorganize the company. The company made progress in implementing its strategy and will increase its activities in growth markets outside Europe. The next step is to enter the Brazilian market.[18]

In May 2014 the UK energy sector regular Ofgem ordered the company to pay 330,000 of its customers a total sum of £12 million due to poor sales practices the company engaged in between June 2010 and December 2013. At the time it was the largest penalty levied against a UK energy supplier.[19]


E.ON is one of the major public utility companies in Europe and the world's largest investor-owned energy service provider. As result of mergers, E.ON inherited the subsidiaries of VEBA, VIAG and Ruhrgas in Central and Eastern Europe. E.ON is present in most of Scandinavia.

E.ON is organized into the following business areas:

Nuclear energy

Brunsbüttel nuclear power plant

E.ON operates six nuclear power plants in Germany through its subsidiary E.ON Kernkraft GmbH, employing about 2600 workers.[20] It owns the following nuclear power plants:

It also owns one third of the Brunsbüttel nuclear power plant which was shut down in 2007 because of a long history of malfunctions and as part of a nuclear power phase-out, the plant has since not been used.[21]

On September 10, 2015 E.ON announced that the nuclear power division would not be spun off as part of the future Uniper due to political pressure from the German government.[22] Instead it will be retained by E.ON.[7]

Windfarm projects

Eon is a major wind energy player across multiple countries. It has assets in the UK, Sweden, Germany, Poland and the USA.[23] Notably E.ON UK, owns 30% of the London Array project, which is a very large wind generation scheme in the Thames estuary. Another notable wind farm is Roscoe, which was the largest windfarm in the world at the time of completion, and for a number of years afterwards.

Carbon intensity

Year Production (TWh) Emission (Gt CO2) kg CO2/MWh
2002 216 91.78 425
2003 186 93.83 504
2004 245 101.39 413
2005 229 101.17 442
2006 221 100.8 456
2007 247 106.04 429
2008 239 100.07 418
2009 216 84.7 393

Business services

E.ON Business Services (previously E.ON IT (until 30 September 2013), and is:energy) is the IT service provider of the energy company E.ON. It bundles business services for finance and HR as well as IT under a single roof and employs around 3,800 people. These are located at four legal entities in Germany (EBS GmbH, EBS Berlin GmbH, EBS Hanover GmbH and EBS Regensburg GmbH); plus legal entities in eight further countries (Benelux, Czech Republic, Hungary, Italy, Romania, Slovakia, Sweden and United Kingdom). [24]

Before the VEBA and VIAG merged to become E.ON, these companies were provided with IT services by synergis GmbH and GEDOS mbH. After the merger in 2001, these two companies became is:energy. The new company was a partnership of E.ON Energie AG (74.78%) and Cap Gemini Ernst & Young AG (25.22%). In 2005 Cap Gemini Ernst & Young relinquished its minority stake to E.ON's regional suppliers. This created is:energy, which as a result of the change of partners became E.ON IS, a direct subsidiary of E.ON. In 2006, E.ON IS extended its product range to include telecommunications services. At the same time, the company's international expansion continued.

Financial data

Profit of E.ON SE 2010 - 2014[25]
Financial data in millions of euro
Years 2002 2003 2004 2005 2006
Sales 37,059 46,363 49,103 56,399 67,759
EBITDA 7,680 9,458 10,520 10,272 11,353
Net results 2,777 4,647 4,339 7,407 5,057
Net debt 13,979 7,855 5,483 −3,863 −268
Staff 107,856 66,549 69,710 79,947 80,612
Source: OpesC



E.ON UK sponsored the FA Cup for four years, from 2006 to the end of the 2009/10 football season.[26] The four-year deal which included the FA Women's Cup and the FA Youth Cup was worth around £40 million. E.ON is the official energy partner of The Football League and sponsors a collection of home programmes on Channel Five in the UK. E.ON has previously sponsored ITV Weather, the Ipswich Town football club and the Rugby Cup.

Between 2000 and 2006, E.ON was the main kit sponsor of German Bundesliga club Borussia Dortmund.

E.ON Ruhrgas is the main sponsor of the IBU biathlon World Cup and is the main sponsor of the Ski jumping World Cup.

E.ON Sverige has sponsored the home arena of Swedish ice hockey team Timrå IK since 2003.

E.ON was one of the main sponsors of 2007–2008 Dutch Eredivisie Champions PSV Eindhoven.


Between 1998 and 2014, E.ON spent more than 30 million euros ($41 million) supporting the Museum Kunstpalast, located next to the corporate headquarters in Düsseldorf.[27]

In 2014, E.ON decided to sell Jackson Pollock's Number 5 (Elegant Lady) (1951), a painting the company has owned since 1980, at Christie's auction to keep funding the Museum Kunstpalast.[28] Pollock had swapped it in 1954 with New York gallery owner Martha Jackson for the convertible in which he had a fatal accident two years later. In 1980, Ulrich Hartmann, head of VEBA's corporate board office, pushed for the purchase from art dealer Alfred Schmela. The acquisition was considered the foundation for E.ON's art collection of more than 1,800 works.[27]


See also


  1. "Annual Report - E.ON SE". eon.com.
  2. "Structure". Retrieved 20 November 2012.
  3. "Questions and Answers about E.ON Group – What does E.ON mean?". Retrieved 22 December 2011.
  4. "#NAME# Liste - #NAME# Werte - boerse-frankfurt.de". Boerse-frankfurt.de. Retrieved 2016-02-03.
  5. "Who we are. An overview". Retrieved 18 January 2011.
  6. "Energieversorger, Erneuerbare Energien, Strom, Gas - E.ON SE". Eon.com. Retrieved 2016-02-03.
  7. 1 2 "E.ON ditches nuclear spin-off plan". DW. 10 September 2016. Retrieved 16 November 2016.
  8. Andresen, Tino (12 September 2016). "EON Loosens Ties to Old Energy as Uniper Starts Trading". Bloomberg. Retrieved 16 November 2016.
  9. "WORLD BUSINESS BRIEFING - EUROPE - E.ON TO BUY POWERGEN - NYTimes.com". Query.nytimes.com. 10 April 2001. Retrieved 2016-02-03.
  10. "PPL Completes Acquisition of Two Kentucky Utility Companies". Pplweb.mediaroom.com. Retrieved 2016-02-03.
  11. Mark Milner. "Eon drops out of Endesa fight". the Guardian.
  12. 1 2 3 Nikki Tait (8 July 2009). "Brussels fines GDF and Eon €1.1bn". Financial Times. Retrieved 8 July 2009.
  13. Adam Mitchell (8 July 2009). "GDF Suez: To Appeal EU Antitrust Decision On Pipeline". The Wall Street Journal. Retrieved 8 July 2009. Archived 13 August 2009 at the Wayback Machine.
  14. Ian Traynor (8 July 2009). "Brussels levies €1.1bn fine on gas pact pair". The Guardian. Retrieved 8 July 2009.
  15. "RWE, EOn pull plug on UK nuclear plans". World Nuclear News. 29 March 2012. Retrieved 7 April 2012.
  16. "Eon may detail job cuts". Financial Times.
  17. Bundestag: „Laufzeitverlängerung von Atomkraftwerken zugestimmt“.
  18. "E.ON making progress with restructuring, confirms forecast". Industrial-newsroom.com. Retrieved 2016-02-03.
  19. "E.On to reimburse 12mn pounds to customers for mis-selling power". The UK News. Retrieved 17 May 2014.
  20. "E.ON Kernkraft GmbH - E.ON SE". Eon-kernkraft.com. Retrieved 2016-02-03.
  21. "Aktuelle Meldungen rund um das Thema Energie | Energieverbraucherportal". Energieverbraucherportal.de. Retrieved 2016-02-03.
  22. Vasagar, Jeevan (10 September 2015). "Eon scraps plans to spin off its nuclear business". Financial Times. Retrieved 11 September 2015.
  23. "E.ON Climate & Renewables GmbH - E.ON SE". Eon.com. 2011-12-15. Retrieved 2016-02-03.
  24. "E.ON Business Services GmbH - E.ON SE". Eon.com. 2015-01-01. Retrieved 2016-02-03.
  25. "Strom-Report". Strom-Report.
  26. "BBC NEWS - Business - E.On not to renew FA Cup backing". News.bbc.co.uk. Retrieved 2016-02-03.
  27. 1 2 Tino Andresen (March 21, 2014), Pollock's 'Elegant Lady' for Sale as EON Raids Art Hoard Bloomberg News.
  28. Kelly Crow (March 20, 2014), Pollock With a Dark Side Wall Street Journal.

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