E.ON hydro power plants transferred to Austrian energy utility Verbund

Thirteen of E.ON’s hydro power plants situated on the river Inn are being transferred to Austrian utility Verbund. In exchange, E.ON has received a cash settlement and electricity drawing rights. The transaction follows the signing of the respective contracts in June.

The power plants transferred have an overall installed capacity of 312 megawatts with a yearly output of approximately 1800 gigawatt hours. Alongside a cash settlement E.ON receives drawing rights from Austrian hydro storage plant Zemm-Ziller.

The transaction is another important step to realise the measures E.ON has pledged to take, in consultation with the EU Commission, to promote competition in the energy market.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.