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Home > Company Index > Utilities > Electric Utilities > Bewag Aktiengesellschaft

Bewag Aktiengesellschaft
 PROFILE
Electric utility Bewag serves 2.1 million customers, mostly in Berlin. It holds a 97% share of Berlin's electricity market and a 25% share of its heating market. Bewag operates a 40,000-kilometer electricity grid and 20 power stations (generating capacity is 3,000 MW of electricity and 6,000 MW of heat). It is also engaged in electricity trading. To fight competition, Bewag is cutting rates and linking Berlin to the national power grid. A battle for control of Bewag -- touched off when regulators ordered German utility giant E.ON to sell its 49% stake -- has been resolved. Hamburg utility HEW and US-based Mirant, which now owns 26% of Bewag, will each own 43% of the company.

 COMPETITION
Electricité de France (dossier)
Enron Corp. (ENE)
RWE Aktiengesellschaft (RWEOY)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 1,670.30
1-Yr. Sales Growth: (18.9)%
Employees: 6,385
Revenue per employee: $261,597.49

 KEY PEOPLE
• Dietmar Winje
    CEO
• Bernd Balzereit
    CFO

 CONTACT INFO
Puschkinallee 52
D-12435 Berlin, Germany
Phone: 49-30-2671-0600
Fax: 49-30-2671-0605
Online: Web Site

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