AES agrees to buy Drax for 2.87 billion euros

Article Abstract:

AES Corp. has reached an agreement to purchase National Power PLC's UK Drax power station for 1.88 billion pound sterling (2.87 billion euros). The Drax power station has a 3,960-megawatt capability. The station will make AES one of the five leading electrical-generating companies in Great Britain. The Drax plant is Western Europe's largest coal-fired power plant. The plant provides electricity for England and Wales.

Facilities & equipment, Fossil Fuel Electric Power Generation, Coal Thermal Electric Power, Abstract, Coal fired power plants, National Power PLC, AES Corp. (Arlington, Virginia)

---

E.ON and Powergen form a superpower

Article Abstract:

This article discusses the take-over of Powergen PLC by E.ON AG. The acquisition for 8.3 billion euros in cash and the assumption of 7.1 billion euros in debt will create the worlds second larges utility after Electricite de France. Because Powergen has already acquired LG&E Energy of Kentucky, this acquisition will mark the first entry of a continental European utility into the U.S. market

Germany, Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Statistical Data Included, LG and E Energy Corp., LGE, Energy industries, Energy industry, Public utilities, E.ON AG

---

PowerGen will pay $3.2 billion cash to buy LG&E

Article Abstract:

PowerGen PLC will acquire LG&E Energy Corp. for $3.2 billion (3.3 billion euros). The deal will provide PowerGen with a presence in the US marketplace.

LG&E Energy Corp.

Similar abstracts:

• Abstracts: DTE Energy to buy MCN in $2.6 billion deal. PG&E files plan to reorganize its utility unit. PG&E wins U.S. approval to restructure
• Abstracts: Fiat parent says car maker is talking to Volvo, others. Fiat had 4.3 billion euros loss for 2002. Fiat to revamp or close 18 plants, raise capital
• Abstracts: Doughty grabs Merrill man for dotcom debut. Moulton and Apax plan for a future apart. Scouring Europe for its dullest companies
• Abstracts: Nicholas Field-Johnson: Robson Rhodes. City firms face new dawn and their biggest challenge. Accountancy firms look East
• Abstracts: Air France faces myriad hurdles in reviving Alitalia: talks could lead to European star; overhaul in order. British Midland, UAL seek consent for code-sharing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.