RWE fights cartel ruling
Article Abstract:
RWE faces a ruling from Germany's competition authorities that a 20-year exclusive contract to supply electricity to Nordhorn in northwest Germany involves too much monpoly power. The authorities are seeking to liberalize electricity supply in Germany. Generators avoid competition through long-term contracts with municipalities. RWE aims to challenge the ruling which it argues is not legally correct. Legal disputes of this nature could occur throughout the late 1990s.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Southern Electric shows its solidity
Article Abstract:
Southern Electric has been involved in three attempts to carry out a merger which have not succeeded in the year to Aug 1996, but the company has performed well in other areas. The company's core business of electricity distribution is expanding and the company has resources to carry out an acquisition, pay a further special dividend or purchase its own shares. The company could be affected by a windfall tax but is well placed to weather this.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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PowerGen
Article Abstract:
PowerGen is moving into retail supply and the US market, and reducing its exposure to the British electricity generating market. Deutsche Bank and Charterhouse Securities rate the company's stocks a buy, and Robert Fleming rates them a long-term buy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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