Archive 2006

10 August 2006

This pressinformation is more than two years oldRWE improves net income by 16%

The RWE Group's good business performance continued in the second quarter of 2006. In the first half of 2006, net income rose 16% and the operating result was up 19%. Earnings per share increased 16% to Euro 2.95. Due to seasonal and other effects, the trend in earnings cannot, however, be extrapolated for the year as a whole. In addition, the full scope of risk facing the Group from German grid regulation cannot be quantified as yet. Nevertheless, RWE expects continued earnings growth. This year, the Group plans a significant increase in capital expenditure on property, plant and equipment.
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31 July 2006

This pressinformation is more than two years oldGerman Federal Network Agency approves charges for RWE extra-high-voltage grid

On 31 July 2006, the Federal Network Agency (Bundesnetzagentur - BNetzA) approved the system usage charges of the transmission system operator RWE Transportnetz Strom. The government agency reduced the network costs applied for by some 9 %. This is equivalent to a decline in revenue from system access charges (extra-high-voltage network) in the high double digit million range.
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21 July 2006

This pressinformation is more than two years oldRWE Dea signs new Concession Agreement in Egypt with EGAS

RWE Dea AG announced today that it has signed the North El Amriya Concession Agreement with EGAS and the Egyptian Government, making RWE Dea one of the largest acreage holders in the Nile Delta. RWE Dea holds operatorship and 100% participating interest following the bid submitted in 2005 for the EGAS 2004 Bid Round. The North El Amriya Concession, which is mainly in shallow water in the West Nile Delta, has an onshore area containing a previously undeveloped gas discovery. The concession covers an area of 2,066 km2 and lies between the onshore Disouq Concession (RWE Dea 100%) where exploration efforts are ongoing and the offshore concession North Idku (RWE Dea 70%), both operated by RWE Dea and North Alexandria (RWE Dea 40 %) and West Mediterranean Offshore Block 1 (RWE Dea 35 %).
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09 June 2006

This pressinformation is more than two years oldRWE plans to acquire a stake in regasification plant for LNG

RWE plans to acquire a stake in the construction project of a regasification plant for liquefied natural gas (LNG) in the port of Rotterdam. A Heads of Agreement (HOA) was concluded between RWE Energy AG and Gate terminal B.V. on 8 June 2006. RWE Energy will acquire a 10% equity stake in the project company Gate terminal in the Netherlands.
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18 May 2006

This pressinformation is more than two years oldRWE Energy sells RWE Solutions group to Advent International

RWE Energy has sold the companies of the RWE Solutions group to the equity investment company Advent International. The contracts were signed on May, 18th, 2006. As a result of the transaction, Advent is acquiring a package comprising the SAG group, the Nukem group, RWE Industrie-Lösungen, Lahmeyer International and RWE Space Solar Power.
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18 May 2006

This pressinformation is more than two years oldRWE reaches agreement with RAG to acquire Saar Ferngas stake

RWE and RAG signed a contractual agreement on 17 May 2006 transferring ownership of RAG’s roughly 76.9% stake in Saar Ferngas AG, Saarbrücken, to RWE.
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15 May 2006

This pressinformation is more than two years oldRWE improves net income by 7%

The unexpectedly long winter had a positive effect on RWE’s results in the first quarter of 2006. The Group improved its earnings situation due to the positive operating performance generated by the energy business in Continental Europe. Both net income and the operating result rose.
At the same time, the company invested heavily in security of supply and its leading market position. Earnings per share were up about 7% to €1.86. For the time being, RWE maintains its forecast for the current fiscal year.
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24 March 2006

This pressinformation is more than two years oldRWE To Pursue Initial Public Offering for American Water

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The Executive Board of RWE AG decided to pursue an initial public offering (IPO) in the U.S. for the shares of American Water as the most attractive option for RWE and the U.S.-based company, its employees and customers. This decision will return American Water to its status as a publicly-traded company. RWE had previously announced on November 4, 2005 its intention to divest American Water either through an IPO or by selling American Water to a group of financial investors.


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