Germany set to permanently pay for reliance on Russian gas—as power chief says ‘significant structural demand destruction' means it will never fully recover from energy crisis [Fortune]
Consolidated Edison, Inc. (ED)
Last consolidated edison, inc. earnings: 2/20 04:55 pm
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Source: Fortune
The past few years have shown just how misguided that relationship was, as Russia invaded Ukraine and cut off Germany's cheap, vital gas supply. Now, one of Germany's leading renewable power bosses has suggested it's a mistake the country could rue forever, as the fallout from the energy crisis is set to permanently damage its industry. Speaking to the Financial Times , RWE boss Markus Krebber said gas prices in Germany were structurally higher than elsewhere in Europe thanks to the country's reliance on liquified natural gas imports. Germany imported 55% of its natural gas supply from Russia when the country invaded Ukraine in February 2022. Russia was also Germany's primary source of oil and coal imports. The country has managed to shed most of its reliance on Russian gas. Germany cut its gas imports by 32.6% in 2023, the country's energy regulator said, mostly as a result of cutting out Russian supply. However, Germany is still heavily dependent on other countries for its
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- CON EDISON DECLARES COMMON STOCK DIVIDEND [Yahoo! Finance]Yahoo! Finance
- CON EDISON DECLARES COMMON STOCK DIVIDENDPR Newswire
ED
Earnings
- 2/15/24 - Beat
ED
Sec Filings
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- 4/5/24 - Form 3
- ED's page on the SEC website