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Stock impact report

German Utility to Extend Life of German Lignite Power Stations to Ease Energy Crisis [Financial Post (Toronto, Ontario, Canada)]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: Financial Post
(Bloomberg) — RWE AG will bring forward its coal exit by eight years to 2030, after it extends operations at two German lignite-fired power units until the end of next winter to help ease Europe's worst energy crisis for decades. Hurricane Ian footage shows thrill-seeking swimmers, yachts swept in streets Advertisement The company will not receive any government compensation for accelerating the coal exit unlike in previous negotiations, it said in a joint press conference with the Economy Ministry. In the short-term, operations at Neurath D and E will be extended until at least March 2024 to help ease Germany's reliance on gas supplies. “In the current crisis, we are contributing to security of supply in Germany by temporarily increasing the use of our lignite-fired power plants and are thus also helping to displace gas from electricity generation,” said Chief Executive Officer Markus Krebber. “At the same time, we are investing billions of euros to accelerate the energy tra Show less Read more
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