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- You can turn off gas hikes like a tap. But will you get burnt?
- They were giving it away last week. Gas, that is, as a glut hit the UK thanks to a test run of the new Langeled pipeline linking the Yorkshire coast to North Sea fields owned by Norway. Coupled with warm weather that depressed household heating needs, there was simply too...
- Research articles 2006-10-08
- Money & Property: If you can't stand the heat, switch supplier
- You only need blink these days to miss another hike in your fuel bill. Last week, both EDF Energy and Powergen announced their fourth gas and electricity price increase in 18 months; the cost to the latter's average customer is now an extra pounds 106 a year, according to price-comparison...
- Research articles 2005-07-31
- Sparks to fly in electricity shake-up
- WHEN PETER Mandelson returns to his desk in Victoria Street this week, he will find an issue needing urgent resolution. This is the small matter of the future of Britain's power industry and the fate of Britain's 15,000 coal miners. The Secretary of State for Trade and Industry...
- Research articles 1998-08-30
Additional Resources
- PowerGen PLC: New Business Operations
- LONDON--BUSINESS WIRE--June 17, 1997--At a presentation for analysts today, PowerGen plc (NYSE: PWG), the international power company, reviewed recent developments in PowerGen's new business areas: PowerGen International, PowerGen North Sea Limited and PowerGen CHP Limited. Deryk King, PowerGen's Group Managing Director, used this opportunity to comment on...
- Research articles 1997-06-17
- E.ON AG to purchase PowerGen for 1.22 times revenue
- The Deal: Germany-based E.ON AG has agreed to purchase PowerGen plc of Britain for $7.4 billion. The acquisition will create the second-largest electricity provider in the world. According to the terms of the deal, E.ON will also assume about $6.4 billion of PowerGen debt. Discussion: PowerGen is one of the...
- Research articles 2001-04-16
- Powergen Reports High Satisfaction with Exstream Software's Dialogue; Leading UK Energy Supplier Reduces Costs and Speeds Time to Market with Critical Customer Communications
- LEXINGTON, Ky. -- Exstream Software, Inc. announced today that Powergen, the UK's second largest energy supplier, is successfully using its Dialogue software to create personalized customer documents in a UNIX environment for greater efficiency. Powergen currently services more than 9 million gas and electricity customer accounts in the UK. The...
- Research articles 2004-08-16
- E.ON unit Powergen hikes domestic energy prices in Britain
- LONDON AFP — British energy provider Powergen has announced fresh inflation-busting increases in domestic gas and electricity prices due to runaway costs of wholesale energy. Powergen's 8.5 million customers in Britain will face a mammoth 18.4-percent hike in gas prices, while electricity prices will be raised 9.7 percent. Both...
- Research articles 2006-08-17
- PeoplePC Wins Contract With Powergen to Provide UK Employees With Bundled Computer Packages; PeoplePC's Business Model Continues to Expand in Europe
- Business Editors/High-Tech Writers SAN FRANCISCO--BUSINESS WIRE--June 25, 2001 PeoplePC (Nasdaq:PEOP), the company that makes it easy and affordable to get online, today announced in conjunction with Powergen, a leading UK supplier of gas, electric and telephone services, that it will be providing the company's more than 5,000 employees...
- Research articles 2001-06-25
- Powergen pulls plug on 600 British jobs
- LONDON AFP ? British-based energy provider Powergen announced plans to slash 600 jobs after a re-organisation of its business. Powergen, which is owned by German group E.ON, said the lay-offs would result from the integration of its distribution business, Central Networks, following the recent purchase of Midlands Electricity. ...
- Research articles 2004-02-19
- German Firm's Takeover of Britain's PowerGen Awaits Approval.
- By Tim Webb, Sunday Business, London Knight Ridder/Tribune Business News Oct. 14--If all goes to plan, Powergen will be in German hands by next spring. E.On has tabled a cash offer of 765 pence a share, valuing the company at about UKpound 9.5 billion....
- Research articles 2001-10-14
- PowerGen Shareholders Approve East Midlands Acquisition
- LONDON--BUSINESS WIRE--July 22, 1998--PowerGen plc (NYSE: PWG), the international power company, today announced that its shareholders passed an ordinary resolution which approved, inter alia, the acquisition of East Midlands Electricity at an Extraordinary General Meeting in London today.PowerGen Chairman, Ed Wallis, welcomed very strong shareholder support for the transaction, which...
- Research articles 1998-07-22
- PowerGen Welcomes Secretary of State's Decision On East Midlands Electricty
- LONDON--BUSINESS WIRE--Sept. 24, 1998--PowerGen plc (NYSE: PWG), the international power company, welcomes today's announcement that its acquisition of East Midlands Electricity EME will not be referred to the Monopolies and Mergers Commission if it gives the undertakings required by the Secretary of State for Trade and Industry. PowerGen believes...
- Research articles 1998-09-24
- PowerGen Renegotiates Liverpool Bay Gas Supply Contracts
- LONDON--BUSINESS WIRE--Dec. 10, 1998--PowerGen plc (NYSE: PWG), the international power company, today announced that it has agreed to pay pound534 million to Liverpool Bay owners BHP, LASMO, and Monument Oil in exchange for modifications to their existing long term gas supply contracts to Connah's Quay power station in Wales, including...
- Research articles 1998-12-10
- PowerGen Signs Coal Contract With RJB Mining
- LONDON--BUSINESS WIRE--Dec. 16, 1998--PowerGen plc (NYSE: PWG), the international power company, today announced that it has signed a contract with RJB Mining to take up to 35 million tons of coal between July 1998 and March 2003. The total value of the coal, which will be supplied from a range...
- Research articles 1998-12-16
- PowerGen Takes Pricing Lead Into the Millennium
- LONDON--BUSINESS WIRE--Dec. 2, 1999-- PowerGen plc (NYSE: PWG), the international power company, today announced that it is cutting prices for its domestic gas and electricity customers. From January 2000, PowerGen's existing customers will see their annual energy bills reduced by up to pound41 compared with their current bills. The...
- Research articles 1999-12-02
- PowerGen Shareholders Approve US Acquisition
- Business Editors/Energy Writers LONDON--BUSINESS WIRE--June 5, 2000 PowerGen shareholders today voted overwhelmingly in favor of the company's proposed acquisition of Kentucky-based energy company LG&E Energy Corp. Ed Wallis, Chairman and Chief Executive of PowerGen, said: "The agreement of our shareholders is a crucial step forward and keeps...
- Research articles 2000-06-05
- E.ON AG: Recommended Pre-Conditional Cash Offer for Powergen Plc
- Business Editors DUSSELDORF, Germany & LONDON--BUSINESS WIRE--April 9, 2001 The boards of E.ON and Powergen announce that they have reached agreement on the terms of a recommended cash offer to be made by Goldman Sachs International on behalf of E.ON for all the issued and to be issued...
- Research articles 2001-04-09
- PowerGen's pounds 1.5bn sale exceeds best hopes
- POWERGEN is set to raise up to pounds 1.5bn from the sale of two of its coal-fired power stations - far more than the auction had been expected to raise. Five bidders have submitted offers for the stations - Ferrybridge and Fiddler's Ferry - all of which are...
- Research articles 1999-02-05
- Cross-Channel contract. (PowerGen PLC; Electricite de France)
- A |pounds~100m contract to provide electricity to France along the cross-Channel power link has been signed. PowerGen, the smaller of the two privatised generators, has reached agreement to sell power to Electricite de France over eight years to help ease shortages at peak periods. Britain has...
- Research articles 1993-04-01
- Fitch Rates PowerGen PLC `BBB+'; UK Group Ratings Revised On Acquisition News
- Business Editors LONDON & NEW YORK--BUSINESS WIRE--April 9, 2001 Fitch, the international rating agency, has assigned a `BBB+' senior unsecured issuer rating and `F2' short-term to PowerGen plc PG, immediately placing the ratings on Rating Watch Positive. At the same time, rating actions have also been taken on...
- Research articles 2001-04-09
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