News
On February 22, E.On made a surprising EUR 29 billion bid for Endesa, entering into competition with GasNatural’s existing EUR 22 billion bid.
[more]U.S. power sector is the continued progress towards deregulation.
[more]Electricity is becoming an ever more important element in our daily lives.
[more]In December, FPL acquired Constellation Energy for US$ 11 billion. Clearly FPL , the main regulated utility in Florida, used the acquisition to significantly increase its exposure to the favorable fundamentals of the U.S. Northeast power market.
[more]Cold weather and numerous nuclear outages caused power prices to rise across Europe. In the U.K., 2006 baseload power rose 9% driven by soaring natural gas prices while prices in Germany added 7% to close at an all-time high of EUR 48/MWh. Plese refer to the PDF document link below to view the full ...
[more]In Europe, 3Q reporting season started with the Iberian companies presenting their results: Iberdrola reported numbers in line with consensus (assuming full recovery of the tariff deficit).
[more]In the third quarter EIC’s Net Asset Value per share (“NAV”) remained practically unchanged at CHF 15.82 per share (end of the second quarter: CHF 15.72 per share).
[more]Consolidation remains the key theme within the European utility industry.
[more]Please refer to the PDF document below to view the half year 2005 report for EIC Electricity SA.
[more]In July, the EIC Energy Utility Fund gained 1.5% (in CHF), compared to a 0.7% gain of the benchmark (MSCI World Utilities). Since inception in June 2003, the fund has a performance of 64.2% (benchmark 54.4%). Please refer to the PDF document below to view the full monthly report.
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