DOCSLIB.ORG

E.ON 2004 Annual Report on Form 20-F Entitled “Item 3

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
E.ON 2004 Annual Report on Form 20-F Entitled “Item 3 2004 Annual Report Growing closer. Growing together. E.ON Group Financial Highlights in millions 2004 2003 +/– % Electricity sales (in billion kWh)1 403.7 390.5 +3 Gas sales (in billion kWh)1 868.2 854.9 +2 Sales 49,103 46,427 +6 Adjusted EBITDA2 10,520 9,458 +11 Adjusted EBIT2 7,361 6,228 +18 Income/Loss (–) from continuing operations before income taxes and minority interests 6,799 5,538 +23 Income/Loss (–) from continuing operations 4,348 3,950 +10 Income/Loss (–) from discontinued operations, net –9 1,137 – Net income 4,339 4,647 –7 Investments 5,285 9,196 –43 Cash provided by operating activities 5,972 5,538 +8 Free cash flow3 3,260 2,878 +13 Net financial position4 (at year end) –5,483 –7,855 +30 Stockholders’ equity 33,560 29,774 +13 Total assets 114,062 111,850 +2 ROCE5 (in %) 11.3 9.9 +1.46 Cost of capital (in %) 9.0 9.5 –0.56 Return on equity after taxes7 (in %) 13.7 16.8 –3.16 Employees (at year end) 69,710 67,102 +4 Earnings per share (in ) from continuing operations 6.62 6.04 +10 from discontinued operations –0.01 1.74 – from cumulative effect of changes in accounting principles, net – –0.67 – from net income 6.61 7.11 –7 Per share (in ) Dividend 2.35 2.00 +18 Stockholders’ equity8 50.93 45.39 +12 1Unconsolidated figures; prior-year figure includes pro forma 12-month gas sales of E.ON Ruhrgas AG. 2Non-GAAP financial measure; see reconciliation to consolidated net income on page 25. 3Non-GAAP financial measure; see reconciliation to cash provided by operating activities on page 28. 4Non-GAAP financial measure; see reconciliation on page 29. 5Non-GAAP financial measure; see derivation on page 45-47. 6Change in percentage points. 7Consolidated net income excluding minority interests ÷ annual average stockholders’ equity excluding minority interests. 8Excludes minority interests. E.ON Group 2004 Financial Highlights by Business Segment Pan- Core Central European U.S. Corporate Energy Other in millions Europe Gas U.K. Nordic Midwest Center Business Activities1 Total Sales 20,752 14,426 8,490 3,347 1,913 –813 48,115 988 49,103 Adjusted EBITDA 4,908 1,900 1,592 1,121 544 –273 9,792 728 10,520 Adjusted EBIT 3,602 1,428 1,017 701 349 –314 6,783 578 7,361 ROCE (in %) 21.3 9.4 8.9 9.6 5.4 – – – 11.3 Cost of capital (in %) 9.0 8.2 9.2 9.0 8.0 – – – 9.0 Cash provided by operating activities 2,938 1,016 633 957 182 241 5,967 5 5,972 Investments 2,527 660 503 740 277 434 5,141 144 5,285 Employees (at year end) 36,811 11,520 10,397 5,530 3,437 420 68,115 1,595 69,710 1This segment consists of Viterra and Degussa; the latter has been accounted for using the equity method since February 1, 2003. Non-GAAP financial measures: This report contains certain non-GAAP financial measures. Management believes that the non-GAAP financial measures used by E.ON, when considered in conjunction with (but not in lieu of) other measures that are computed in U.S. GAAP, enhance an understanding of E.ON’s results of operations. A number of these non-GAAP financial measures are also commonly used by securities analysts, credit rating agencies, and investors to evaluate and compare the periodic and future operating performance and value of E.ON and other companies with which E.ON competes. Additional information with respect to each of the non-GAAP financial measures used in this report is included together with the reconciliations described below. E.ON prepares its financial statements in accordance with generally accepted accounting principles in the United States (U.S. GAAP). As noted above, this report contains certain financial measures (adjusted EBIT, adjusted EBITDA, ROCE, net financial position, net interest expense, and free cash flow) that are not calculated in accordance with U.S. GAAP and are therefore considered “non-GAAP financial measures” within the meaning of the U.S. federal securities laws. In accordance with applicable rules and regulations, E.ON has presented in this report a reconciliation of each non-GAAP financial measure to the most directly comparable U.S. GAAP measure for historical measures and an equivalent U.S. GAAP target for forward-looking measures. The footnotes presented with the relevant historical non-GAAP financial measures indicate the page of this report on which the relevant reconciliation appears.The non-GAAP financial measures used in this report should not be considered in isolation as a measure of E.ON’s profitability or liquidity, and should be considered in addition to, rather than as a substitute for, net income, cash provided by operating activities, and the other income or cash flow data prepared in accor- dance with U.S. GAAP presented in this report and the relevant reconciliations. The non-GAAP financial measures used by E.ON may differ from, and not be comparable to, similarly titled measures used by other companies. E.ON AG: An Overview E.ON AG: An Overview Corporate Center Central Europe market unit E.ON Energie AG, Munich, Germany 100% E.ON Kra E.ON AG E.ON Ke Düsseldorf E.ON Energie ranks among Central Europe’s largest energy service E.ON Wa providers and has operations in Germany and eight other European E.ON Ne countries (Netherlands, Hungary, Slovakia, Czech Republic, Switzerland, E.ON Sa Austria, Italy, and Poland). E.ON Ba Avacon E.ON Ha EAM En E.DIS AG Teag Thü Pan-European Gas market unit E.ON Ruhrgas AG, Essen, Germany 100% Thüga A Ferngas With annual sales of approximately 600 billion kilowatt-hours of natural Saar Fer gas, E.ON Ruhrgas is one of Europe’s premier gas companies and among Gas-Unio the world’s biggest natural gas importers. Its customers include regional Erdgasve and municipal energy utilities as well as industrial enterprises. E.ON Ruh NETRA G Etzel Ga U.K. market unit E.ON UK plc, Coventry, United Kingdom 100% Powerge E.ON UK Headquartered in Coventry, E.ON UK is one of the United Kingdom’s E.ON UK leading integrated energy utilities, providing power and gas service to approximately 8.8 million customer accounts. Nordic market unit E.ON Nordic AB, Malmö, Sweden 100% Sydkraft E.ON Fin E.ON Nordic manages our energy operations in Northern Europe. Through its more than 30 operating companies, E.ON Nordic generates, distributes, markets, and delivers electricity and gas. U.S. Midwest market unit LG&E Energy LLC, Louisville, USA 100% Louisvill Kentuck Louisville-based LG&E Energy is a diversified energy service provider. Its LG&E Ca operations are focused primarily on the regulated electric and gas utility sector in Kentucky. Other Activities Viterra AG, Essen, Germany 100% Degussa Viterra is a growth-oriented real estate company focusing on its profitable Degussa residential real estate business. Viterra is Germany’s leader in the rental biggest and trading of housing units. The company also develops attractively located oriented office and apartment buildings. Chemica Specialt 100% E.ON Kraftwerke GmbH, Hanover 100% E.ON Westfalen Weser AG, Paderborn 62.9% E.ON Kernkraft GmbH, Hanover 100% E.ON Benelux b.v., The Hague, Netherlands 100% E.ON Wasserkraft GmbH, Landshut 100% E.ON Hungária Rt., Budapest, Hungary 100% an E.ON Netz GmbH, Bayreuth 100% E.ON Dél-dunántúli Áramszolgáltató Rt. (EDE), Pécs, Hungary 100% rland, E.ON Sales & Trading GmbH, Munich 100% E.ON Tiszántúli Áramszolgáltató Rt. (ETI), Debrecen, Hungary 100% E.ON Bayern AG, Regensburg 100% E.ON Észak-dunántúli Áramszolgáltató Rt. (EED), Györ, Hungary 100% Avacon AG, Helmstedt 69.6% BKW FMB Energie AG, Bern, Switzerland 20% E.ON Hanse AG, Quickborn 73.8% E.ON Czech Holding AG, Munich 100% EAM Energie AG, Kassel 73.3% Jihocˇeská energetika a.s. (JCE), Cˇeské Budeˇjovice, Czech Republic 98.7% E.DIS AG, Fürstenwalde an der Spree 71% Jihomoravská energetika a.s. (JME), Brno, Czech Republic 99% Teag Thüringer Energie AG, Erfurt 72.7% Západoslovenská energetika a.s. (ZSE), Bratislava, Slovakia 49% 100% Thüga AG, Munich 81.1% MEGAL GmbH Mittel-Europäische-Gasleitungsgesellschaft, Essen 50% Ferngas Nordbayern GmbH, Nuremberg 53.1% E.ON Ruhrgas E&P GmbH, Essen 100% atural Saar Ferngas AG, Saarbrücken 20% Ruhrgas Industries GmbH, Essen 100% among Gas-Union GmbH, Frankfurt am Main 25.9% Gasum Oy, Espoo, Finland 20% egional Erdgasversorgungsgesellschaft Thüringen Sachsen mbH (EVG), Erfurt 50% A/s Latvijas G¯aze, Riga, Latvia 47.2% E.ON Ruhrgas Transport AG & Co. KG, Essen 100% Nova Naturgas AB, Stockholm, Sweden 29.6% NETRA GmbH Norddeutsche Erdgas Transversale & Co. KG, Emstek 41.7% Slovensky Plynarensky Priemysel a.s. (SPP), Bratislava, Slovakia 24.5% Etzel Gas-Lager Statoil Deutschland GmbH & Co., Friedeburg-Etzel 74.8% OAO Gazprom, Moskau, Russia 6.4% 100% Powergen Retail Ltd., Coventry, United Kingdom 100% Cottam Development Centre Ltd., Coventry, United Kingdom 100% E.ON UK CHP Ltd., Coventry, United Kingdom 100% Corby Power Ltd., Corby, United Kingdom 50% ’s E.ON UK Renewables Ltd., Coventry, United Kingdom 100% Central Networks, Coventry, United Kingdom 100% ce 100% Sydkraft AB, Malmö, Sweden 55.2% E.ON Finland Oyj, Espoo, Finland 65.6% rates, 100% Louisville Gas and Electric Company, Louisville, USA 100% Western Kentucky Energy Corp., Henderson, USA 100% Kentucky Utilities Company, Lexington, USA 100% LG&E Power Inc., Louisville, USA 100% der. Its LG&E Capital Corp., Louisville, USA 100% LG&E Energy Marketing Inc., Louisville, USA 100% s utility 100% Degussa AG, Düsseldorf, Germany 42.9% rofitable Degussa is Germany’s third-largest chemicals company and the world’s rental biggest specialty chemicals company.
Load more

Recommended publications
  • Swepol Link Sets New Environmental Standard for HVDC Transmission
    00 ABB Review 4/2001 SwePol Link sets new environmental standard for HVDC transmission Leif Söderberg, Bernt Abrahamsson Six cable links – all of them HVDC (high-voltage direct current) – are currently in service between the power grids of continental Europe and the Nordic region, with another five planned. The latest to be brought on line is the SwePol Link, which connects the electricity networks of Poland and Sweden. It is unique in that, unlike previous installations that depend on electrode stations to transmit the return current under ground or under water, it uses 20-kV XLPE cable to carry this current. The high-voltage HVDC submarine cable used for the SwePol Link is designed for 600 MW at 450 kV. he reason for all these links is the technically feasible to reverse the entire onds to prevent grid failure if the voltage T vital need to secure power system 600 MW power throughput of the in southern Sweden drops below 380 kV. reliability in each of the participating SwePol Link in just 1.3 seconds, although With all previous links of this kind, countries. They make it easier to this is not a feature that will be used in electrode stations off the coast transmit optimize power generation in an area in practice. Nevertheless, a typical emer- the return current under the sea, and this which different countries use different gency power measure could call for a has worked perfectly well (Table 1). The means of power generation and have ∆P ramp-up of 300 MW within a few sec- first such cable link was laid in 1954 different power demand profiles over a 24-hour period.
    [Show full text]
  • 20 Jahre Elektrische Wiedervereinigung Deutschlands
    20 Jahre Elektrische Wiedervereinigung Deutschlands 20 Jahre Elektrische Wiedervereinigung Deutschlands VDE-Bezirksverein Kassel e.V., Universität Kassel am 21.01.2016 Walter Schossig, Gotha VDE Ausschuss Geschichte der Elektrotechnik [email protected] www.walter-schossig.de [email protected] www.walter-schossig.de Tel: 03621/701016 Folie 1 20 Jahre Elektrische Wiedervereinigung Deutschlands Chronologie Entstehung von Verbundnetzen Trennung des Deutschen Verbundnetzes Entwicklung in Ost- und Westeuropa Innerdeutscher Stromexport Elektrische Wiedervereinigung Deutschlands Erweiterung des Europäischen Verbundnetzes Ein Auszug der Vortragsfolien. Bei Interesse an Quellenangaben oder weiteren Informationen: [email protected] bzw. www.walter-schossig.de/Literatur [email protected] www.walter-schossig.de Tel: 03621/701016 Folie 2 20 Jahre Elektrische Wiedervereinigung Deutschlands Beginn der Stromversorgung 1866-1878 Technisch wirtschaftliche Versuche 1878-1884 Einzelanlagen 1884-1890 Blockanlagen 1890-1900 Ortszentralen 1900-1913 Überlandzentralen 1913-1915 Anfänge der Verbundwirtschaft [email protected] www.walter-schossig.de Tel: 03621/701016 Folie 3 20 Jahre Elektrische Wiedervereinigung Deutschlands < Einzelanlagen 1878-1884 > 1878 St.George Lane Fox (GB) u. Thomas Alva Edison (US) entwickeln erste Pläne zur kollektiven Verteilung des Stromes in ganze Stadtteile, die im Jahre 1881 in Godalming (GB) und ein Jahr später in New York (US) ihre erste Anwendung finden [email protected] www.walter-schossig.de
    [Show full text]
  • Energy Infrastructure Projects in the Baltic Sea
    FACTS ISSUE 2 | 06 – 2007 FACTS ABOUT THE NATURAL GAS PIPELINE ACROSS THE BALTIC SEA ENERGY INFRASTRUCTURE PROJECTS IN THE BALTIC SEA ENVIRONMENTAL CHALLENGES CAN BE numerous rivers that flow into the sea. Historically, COPED WITH the main challenge for infrastructure projects has therefore been to maintain this balance. Nord Stream is only one of several planned or already operating energy infrastructure projects Energy infrastructure projects like pipelines, wind in the Baltic Sea. In addition to the pipeline from farms and submarine power cables are in general Vyborg to Greifswald, further offshore natural gas smaller than infrastructure projects like bridges, pipelines across the Baltic Sea are under consid- tunnels and harbours. However, the energy projects eration: Poland is interested in a connection from stretch over longer distances and it may therefore Denmark across the Baltic Sea (Baltic Pipe), while be necessary to cross sensitive areas, like munitions Estonia and Finland are also planning a connecting dump sites. pipeline across the sea (Balticconnector). Further- more, subsea power cables and several offshore All use of the sea has an impact; this includes energy wind parks already exist or are planned in the infrastructure as well as ship traffic or traffic infra- Baltic Sea. All of these projects are striving to keep structure. One of the reasons for choosing locations their impact on the environment as low as possible in the sea instead of onshore is the availability of and to preserve the Baltic ecosystem as it is. “Nord space, which is becoming a scarce resource. In this Stream: Facts” talked to Per Jørgensen, a leading context, the impact of large diameter pipelines like international expert in the field of infrastructure, Nord Stream is almost the same as smaller pipeline energy and environment about these projects.
    [Show full text]
  • Det Här Underlaget För Tidigt Samråd För Kriegers Flak Är Framtaget Av Sweden Offshore Wind AB Som Ingår Numera I Vattenfall-Koncernen
    Det här underlaget för tidigt samråd för Kriegers flak är framtaget av Sweden Offshore Wind AB som ingår numera i Vattenfall-koncernen. 1. Bakgrund och syfte......................................................................................................... 1 2. Presentation av företaget ................................................................................................ 2 3. Lokalisering och utformning av transformatorstationerna............................................. 3 4. Lokalisering och utformning av sjökablarna.................................................................. 5 5. Beskrivning av berörda områden till havs och vid kusten ............................................. 6 6. Beskrivning av de identifierade landningspunkterna................................................... 10 7. Beskrivning av projektets olika faser........................................................................... 15 8. Fysisk påverkan på omgivningen och konsekvenser av påverkan............................... 16 9. Alternativa lokaliseringar............................................................................................. 23 10. Alternativ utformning............................................................................................... 23 11. Nollalternativ............................................................................................................ 24 12. Kontaktuppgifter ...................................................................................................... 24 1. Bakgrund
    [Show full text]
  • Planning Supporting Statement
    Branston Locks Employment Land Statement November 2012 Employment Land Statement Nurton Developments (Quintus) Limited Branston Locks, Burton upon Trent November 2012 Branston Locks – Employment Land Statement Contents 1 Introduction ............................................................................................................................................................ 2 2 Communications and Site Characteristics .......................................................................................................... 3 3 Relevant Planning Policy and Supporting Evidence Base................................................................................. 4 4 Market Overview for Burton ................................................................................................................................ 10 5 Assessment of Demand ...................................................................................................................................... 16 6 Conclusions ......................................................................................................................................................... 18 Appendix 1 – Schedule of Occupiers and Map of Centrum ........................................................................................ 19 Appendix 2 – Schedule of Available Industrial Floor Space in Burton Upon Trent .................................................. 20 Appendix 3 – Schedule of Available Office Floor Space in Burton Upon Trent .......................................................
    [Show full text]
  • International Passenger Survey, 2008
    UK Data Archive Study Number 5993 - International Passenger Survey, 2008 Airline code Airline name Code 2L 2L Helvetic Airways 26099 2M 2M Moldavian Airlines (Dump 31999 2R 2R Star Airlines (Dump) 07099 2T 2T Canada 3000 Airln (Dump) 80099 3D 3D Denim Air (Dump) 11099 3M 3M Gulf Stream Interntnal (Dump) 81099 3W 3W Euro Manx 01699 4L 4L Air Astana 31599 4P 4P Polonia 30699 4R 4R Hamburg International 08099 4U 4U German Wings 08011 5A 5A Air Atlanta 01099 5D 5D Vbird 11099 5E 5E Base Airlines (Dump) 11099 5G 5G Skyservice Airlines 80099 5P 5P SkyEurope Airlines Hungary 30599 5Q 5Q EuroCeltic Airways 01099 5R 5R Karthago Airlines 35499 5W 5W Astraeus 01062 6B 6B Britannia Airways 20099 6H 6H Israir (Airlines and Tourism ltd) 57099 6N 6N Trans Travel Airlines (Dump) 11099 6Q 6Q Slovak Airlines 30499 6U 6U Air Ukraine 32201 7B 7B Kras Air (Dump) 30999 7G 7G MK Airlines (Dump) 01099 7L 7L Sun d'Or International 57099 7W 7W Air Sask 80099 7Y 7Y EAE European Air Express 08099 8A 8A Atlas Blue 35299 8F 8F Fischer Air 30399 8L 8L Newair (Dump) 12099 8Q 8Q Onur Air (Dump) 16099 8U 8U Afriqiyah Airways 35199 9C 9C Gill Aviation (Dump) 01099 9G 9G Galaxy Airways (Dump) 22099 9L 9L Colgan Air (Dump) 81099 9P 9P Pelangi Air (Dump) 60599 9R 9R Phuket Airlines 66499 9S 9S Blue Panorama Airlines 10099 9U 9U Air Moldova (Dump) 31999 9W 9W Jet Airways (Dump) 61099 9Y 9Y Air Kazakstan (Dump) 31599 A3 A3 Aegean Airlines 22099 A7 A7 Air Plus Comet 25099 AA AA American Airlines 81028 AAA1 AAA Ansett Air Australia (Dump) 50099 AAA2 AAA Ansett New Zealand (Dump)
    [Show full text]
  • Distribution Network Review
    A DISTRIBUTION NETWORK REVIEW ETSU K/EL/00188/REP Contractor P B Power Merz & McLellan Division PREPARED BY R J Fairbairn D Maunder P Kenyon The work described in this report was carried out under contract as part of the New and Renewable Energy Programme, managed by the Energy Technology Support Unit (ETSU) on behalf of the Department of Trade and Industry. The views and judgements expressed in this report are those of the contractor and do not necessarily reflect those of ETSU or the Department of Trade and Industry.__________ First published 1999 © Crown copyright 1999 Page iii 1. EXECUTIVE SUMMARY.........................................................................................................................1.1 2. INTRODUCTION.......................................................................................................................................2.1 3. BACKGROUND.........................................................................................................................................3.1 3.1 Description of the existing electricity supply system in England , Scotland and Wales ...3.1 3.2 Summary of PES Licence conditions relating to the connection of embedded generation 3.5 3.3 Summary of conditions required to be met by an embedded generator .................................3.10 3.4 The effect of the Review of Electricity Trading Arrangements (RETA)..............................3.11 4. THE ABILITY OF THE UK DISTRIBUTION NETWORKS TO ACCEPT EMBEDDED GENERATION...................................................................................................................................................4.1
    [Show full text]
  • Annual Report 2019 .Pdf 18MB
    Annual Report Statkraft AS 2019 CONTENT 3 Introduction 3 Statkraft at a glance 6 The Board of Directors 7 The Corporate Management 8 Letter from the CEO 9 Report from the Board of Directors 12 Strategy – Powering a green future 16 Financial performance 20 Segments 25 Risk management 29 Sustainability 31 Sustainability management 33 Statkraft’s contribution 35 Social disclosures 41 Environmental disclosures 45 Economic disclosures 49 Corporate Governance 59 Statements 59 Group Financial Statements 59 Financial Statements 64 Notes 129 Statkraft AS Financial Statements 129 Financial Statements 133 Notes 150 Auditor’s Statement 155 Sustainability Statement 170 Auditor’s Statement 176 Declaration from the Board of Directors and CEO 177 Key figures and Alternative Performance Measures Statkraft is a leading renewable energy company with activities on three continents within hydro, wind and solar. Through our market activities and production assets we create value for our owner, our customers and the societies we operate in. Statkraft at a glance USA Statkraft has 4.000 employees Peru Brazil in 16 countries Chile Europe’s largest producer of renewable energy EBIT underlying Net profit Cash flow from operations 17.6 11.3 12.0 NOK BILLION NOK BILLION NOK BILLION ROACE Net interest-bearing debt Dividend paid in 2019 16.3 16.0 8.5 PER CENT NOK BILLION NOK BILLION Norway Sweden The Netherlands United Kingdom Ireland Germany France Spain Nepal Albania Turkey India Power generated in 2019 Share renewable energy Investments in 2019 61 93 7.4 TWH PER CENT NOK BILLION Standard & Poor's Fitch Ratings' long-term rating long-term rating A- BBB+ 59% Norway 27% Europe 14% Outside Europe 5 ANNUAL REPORT 2019 | STATKRAFT AS 6 The Board of Directors From the left: Vilde Eriksen Bjerknes, Mikael Lundin, Ingelise Arntsen, Asbjørn Sevlejordet, Thorhild Widvey, Peter Mellbye, Bengt Ekenstierna, Hilde Drønen and Thorbjørn Holøs Thorhild Widvey Peter Mellbye Hilde Drønen Born 1956, Norwegian Born 1949, Norwegian Born 1961, Norwegian Chair of the board, member since 2016.
    [Show full text]
  • (For Official Use Only) PUBLIC PETITION NO. PE1188 Should You Wish to Submit a Public Petition for Consideration by the Public P
    (For official use only) PUBLIC PETITION NO. PE1188 Should you wish to submit a public petition for consideration by the Public Petitions Committee please refer to the guidance leaflet How to submit a public petition and the Guidance Notes at the back of this form. 1. NAME OF PRINCIPAL PETITIONER Nick Dekker 2. TEXT OF PETITION Nick Dekker calling on the Scottish Parliament to urge the Scottish Government to investigate the circumstances whereby it agreed that 60 hydro-power stations could be accredited for subsidy under the Renewables Obligation scheme and that generation capacity could be cut to below the 20megawatt qualification threshold at others to enable accreditation and whether, in the interests of electricity consumers, it will rescind these accreditations. 3. ACTION TAKEN TO RESOLVE ISSUES OF CONCERN BEFORE SUBMITTING THE PETITION I have contacted and have been in correspondence with AuditScotland, OFGEM, Scottish & Southern Energy PLC and ScottishPower PLC. Alex Neil MSP also corresponded with Scottish & Southern Energy. 4. ADDITIONAL INFORMATION See— “The war on climate change – A licence to print money?” “Subsidies and Subterfuge – Hydro-power and the Renewables Obligation” (also on www.swap.org.uk) “ROCs earned by Alcan, SSE and ScottishPower from 'old build' hydro, April 2002 to December 2007” (a report by the petitioners); “Renewable Energy Data for Scotland (Hydro), May 2008” Correspondence generally pertinent to the petition but esp to Question 3 OFGEM’s “Annual Reports on the Renewables Obligation” 2004 to 2008; Press releases and other material referred to in “The war on climate change – a licence to print money?” and elsewhere 5.
    [Show full text]
  • Report Template
    Roger Tym & Partners t: 0116 249 3970 3 Museum Square e: 0116 249 3971 Leicester e: [email protected] LE1 6UF w: www.tymconsult.com Part of Peter Brett Associates LLP East Staffordshire Borough Council Infrastructure Delivery Study Part 1 Growth options assessment Final Report June 2012 PP26486 CONTENTS 1 INTRODUCTION ................................................................................................................. 1 Study approach ................................................................................................................... 3 The key study questions ...................................................................................................... 3 2 TRANSPORT ...................................................................................................................... 5 Context ................................................................................................................................ 5 Current and future transport capacity and impact for Burton ................................................ 6 Transport growth options assessment for Burton ................................................................. 7 Transport growth options review for Uttoxeter ................................................................... 12 Growth options RAG assessment ...................................................................................... 15 3 EDUCATION ....................................................................................................................
    [Show full text]
  • The Baltic Cable HVDC Connection Sweden / Germany
    Submarine Cable Link The Baltic Cable HVDC Connection Sweden / Germany Sweden Germany Cable data Project content Voltage 450 kV DC HVDC cable and accessories Power 600 MW HVDC converter stations Length 250 km Cable system design Conductor 1600 mm2 Cu Project management Insulation MIND Installation (on land and at sea) Weight 55 kg/m Customer Baltic Cable AB Year 1994 World record holder for length, voltage and power Four new world record were set in 1994 Cable Route by ABB, with the successful completion The Västra Kärrstorp converter station of the Baltic Cable HVDC transmission in Sweden was built close to an existing link between Sweden and Germany: transformer station at Arrie, south of Malmö and about 17 km from the coast. 1) Stretching over 250 km, it was the The link was first routed through a 12 longest submarine HVDC cable km overhead line, then by land for about ever laid. 5.3 km to the coast. From there it runs 2) At 600 MW, the Baltic Cable is one across the bottom of the Baltic Sea to of the most powerful HVDC cables the mouth of the River Trave in in commercial operation. Germany. The cable then follows the 3) With 450 kV DC, the cable has the course of the Trave for a distance of 12 highest voltage rating of all existing km until it reaches the Herrenwyk submarine HVDC cables. converter station in the outskirts of 4) The 5.3 km land section of the Lübeck in Germany. The total length of cable in Sweden was laid in one the link is 262 km, of which 250 km are continuous length in an open-cut HVDC power cables.
    [Show full text]
  • E.ON 2003 Annual Report
    Financial Calendar 2003 Annual Report E.ON Group Financial Highlights in millions 2003 20021 +/– % Electricity sales volume (in billion kWh)2 387.6 333.6 +16 Gas sales volume (in billion kWh)2 803.7 721.3 +11 April 28, 2004 2004 Annual Shareholders Meeting Sales 46,364 36,624 +27 April 29, 2004 Dividend Payment EBITDA3 9,458 7,558 +25 EBIT3 6,228 4,649 +34 May 13, 2004 Interim Report: January–March 2004 Internal operating profit4 4,565 3,817 +20 Income/(loss) from continuing operations August 12, 2004 Interim Report: January–June 2004 before income taxes and minority interests 5,538 –759 – November 11, 2004 Interim Report: January–September 2004 Income/(loss) from continuing operations 3,950 –720 – Income/(loss) from discontinued operations 1,137 3,306 –66 March 10, 2005 Annual Press Conference, Net income 4,647 2,777 +67 Release of 2004 Annual Report Investments 9,196 24,159 –62 Cash provided by operating activities 5,538 3,614 +53 March 10, 2005 Annual Analysts Conference Stockholders’ equity 29,774 25,653 +16 Total assets 111,850 113,503 –1 April 27, 2005 2005 Annual Shareholders Meeting ROCE6 (in %) 9.9 9.2 +0.75 Cost of capital (in %) 9.5 9.5 – Return on equity after taxes7 (in %) 16.8 11.1 5.75 Employees at year end 66,549 101,336 –34 Earnings per share from (in ) on•top continuing operations 6.04 –1.10 – discontinued operations 1.74 5.07 –66 cumulative effect of changes in accounting principles, net –0.67 0.29 – net income 7.11 4.26 +67 2003 Annual Report Per share (in ) Dividend 2.00 1.75 +14 Stockholders’ equity8 45.39 39.33 +15 1Adjusted for discontinued operations (see commentary on pages 133–141).
    [Show full text]