News 2006

Several countries in Western Europe experienced blackouts on November 4. The blackouts originated from a routine shutdown by E.On of a high voltage line in north-west Germany. This was the most serious blackout to hit Europe in several decades and was the result of a domino effect through Europe's i...

According to a report from Capgemini, European reserve margins were 1% lower in 2005 than in 2004, reflecting the difficulty to build new generation capacities.

M&A activity again took center stage in Europe as Spanish construction companies Acciona and ACS continued their forays into the utility sector.

In August, EDF launched a takeover of the minorities in its Hungarian subsidiary Demasz for EUR 109 million.

Please refer to the PDF document below to view the Inteview with EIC's managing director Dominique Candrian, which appeared in "L'Agefi" on September 4, 2006.

EIC Electricity SA (EIC) announces that it has entered into a formal sale and purchase agreement with Petrobras Brasileiro SA for EIC’s 2% interest in Termobahia Ltd, the Brazilian independent power generator.

During July, heat waves in Europe and the U.S. resulted in new power demand records in many regions. German spot baseload traded as high as 300 EUR/MWh and the Swiss Electricity Price Index hit 340 EUR/MWh. Given the good hydro storage levels in the Alps, this bodes well for utilities with large hyd...