E.ON Mitte AG · Kassel Germany
Company Description
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This link will open in a new window E.ON Mitte keeps about 2 million customers in central Germany burning the midnight oil. The company, one of more than a half dozen regional energy suppliers in the E.ON AG family, supplies electricity, natural gas, water, and heat to customers in Hesse, southern Lower Saxony, eastern Westphalia, and West Thuringia. It also builds cogeneration plants and provides bio-composting and telecommunications services. E.ON Mitte was founded in 1929 as Elektrizitäts-Aktiengesellschaft Mitteldeutschland (EAM) Energie; it changed its name to E.ON Mitte in 2005 as part of its parent's rebranding initiative. To read the full description, subscribe now.
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Key E.ON Mitte AG Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,444.6 |
| Employees | 1,106 |
E.ON Mitte AG Executives
4 executives listed for E.ON Mitte AG's Kassel, location.
| Title | Name & Bio | Contact |
| Chairman, Management Board | Christian Simon | Network |
| Member, Management Board | Wolf Hatje | Network |
| Member, Management Board | Georg Meiborn | Network |
Competition
Competitive Landscape for E.ON Mitte AG
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top E.ON Mitte AG Competitors
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