RWE AktiengesellschaftEssen, Germany (Pink Sheets: RWEOY)

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RWE Company Description

RWE doesn't stand for Runs With Electricity, but it could. Through its subsidiaries, the energy conglomerate provides electricity and gas to residential and business customers, primarily in Central and Western Europe. RWE is one of Germany's top two electricity suppliers (along with E.ON); it also owns major UK-based utilities, and German-based electricity and gas supplier RWE npower. RWE owns oil and gas exploration and production unit RWE-DEA; other businesses include companies engaged in gas transportation and storage, power generation (including wind), energy trading, information technology, and coal mining. In 2008 RWE served 14 million electricity customers, and 6 million gas customers.

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The Company Description provides a historical perspective of RWE's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of RWE's evolution in the marketplace.

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