PreussenElektra
| Subsidiary | |
| Parent | VEBA |
PreussenElektra (Preußische Elektrizitäts AG) was a German electric company that existed from 1927 to 2000. From its founding until around 1970, it was owned (directly or indirectly) by the Republic of Prussia and the Federal Republic of Germany. From 1929 until 2000, it was a subsidiary of VEBA.
PreussenElektra was founded in 1927 with headquarters in Berlin and operated two thermal power stations, Borken in Hesse and Ahlem in Hanover, and eight hydroelectric stations. During its existence, it was the electric utility for Schleswig-Holstein, Lower Saxony, and parts of North Rhine-Westphalia and Hesse.
PreussenElektra was established on the basis of a law governing the participation of the state in electricity companies. According to this law, the newly formed company was to oversee the electricity interests of the Prussian state which, in addition to its state in the founding companies of PreussenElektra, included the Nordwestdeutsche Kraftwerke AG (NWK). NWK was founded by Siemens & Halske at the turn of the century, under the name Siemens Elektrische Betriebe, in order to create markets both at home and abroad for electrical equipment manufactured by Siemens. In 1925 the Prussian state acquired the majority shareholding and the company became known as the Nordwestdeutsche Kraftwerke Aktiengesellschaft. Until their formal merger in 1985, PreussenElektra and NWK cooperated very closely in all aspects of electricity supply.
From 1928 to 1931, through a series of joint ventures and acquisitions, PreussenElektra laid the foundations of its production and supply network. In common with other major German electricity utilities, PreussenElektra worked closely with local municipal authorities and during this period founded several regional electricity supply undertakings in partnership with these authorities. These new ventures included the Schleswig-Holsteinische Stromversorgungs-AG, today known as the SCHLESWAG AG Rendsburg; the Stromsversorgungs-AG Oldenburg-Friedland, now known as the Energieversorgung Weser-Ems AG/EWE, Oldenburg; the Elektrizitäts-Aktiengesellschaft Mitteldeutschland (EAM), Kassel; and the Hannover-Braunschweigische Stromversorgungs-AG (HASTRA).
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