E.ON
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E.ON headquarters in Essen
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| Societas Europaea | |
| Traded as | : EOAN OTCQX: |
| Industry | Electric utility |
| Predecessor |
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| Founded | 2000 |
| Headquarters | Essen, Germany |
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Area served
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Europe United States |
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Key people
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Johannes Teyssen (CEO and chairman of the executive board) Werner Wenning (Chairman of the supervisory board) |
| Products | electrical power natural gas |
| Services |
Electricity generation and distribution natural gas exploration, production, transportation and distribution |
| Revenue |
 €116.56 billion (2015)
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| Profit |
 −€6.377 billion (2015)
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| Total assets |
€113.369 billion (2015)
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Number of employees
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56,490 (end 2015) |
| Subsidiaries | E.ON Ruhrgas E.ON UK E.ON Sverige |
| Website | www |
E.ON SE (marketed with an interpunct as E·ON) is a European holding company based in Essen, North Rhine-Westphalia, Germany. It runs one of the world's largest investor-owned electric utility service providers. The name comes from the Greek word aeon which means an age. The company is a component of the Euro Stoxx 50 .
It operates in over 30 countries and serves over 33 million customers. It is one of the 30 members of the DAX of major German companies and a member of the Global Titans 50 index. Its chief executive officer (Vorstandsvorsitzender) is Dr. Johannes Teyssen.
E.ON separated its conventional power generation and energy trading operations into a new company, Uniper, on 1 January 2016, retaining its retail, distribution and nuclear operations. E.ON sold a majority stake in Uniper in September 2016.
E.ON came into existence in 2000 through the merger of energy companies VEBA and VIAG(Vereinigte Industrieunternehmungen AG; United Industrial Enterprises Corporation). In the United Kingdom, Powergen was acquired by E.ON in January 2002. In 2003 E.ON entered the gas market through the acquisition of Ruhrgas (now E.ON Ruhrgas). E.ON Ruhrgas is represented in more than 20 countries in Europe.
E.ON also acquired Sydkraft in Sweden and OGK-4 in Russia. Sydkraft and Powergen were rebranded to E.ON Sverige and E.ON UK respectively. In the United States, E.ON inherited Louisville, Kentucky-based LG&E Energy, via the acquisition of Powergen, and operated it as E.ON US, until 2010, when E.ON US was sold to Pennsylvania-based PPL for $7.625 billion. The sale was closed on 1 November 2010, with E-ON US becoming LG&E and KU Energy.
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