30 Financial Condition expenditure for network connections for offshore wind farms in the German North Sea. Share investments of 217 million were slightly (6 million) below the prior-year figure (223 million). Pan-European Gas invested 1,610 million. Of this figure, 1,117 million (prior year: 943 million) went towards property, plant, and equipment and intangible assets. It consisted mainly of investments in the exploration business and in gas infrastructure. Share investments of 493 million (prior year: 272 million) consisted mainly of payments to acquire a stake in Yuzhno-Russkoye gas field and payments to MEON, an affiliated company. U.K. invested about 864 million (prior year: 1,120 million) in property, plant, and equipment and intangible assets and 33 million (prior year: 42 million) in share investments. In local currency, investments decreased by 14 percent from the prior year. U.K.'s expenditure mainly related to investments in its generation fleet (including the construction of Grain gas-fired CHP plant) and in its distribution network. Nordic invested 165 million more than in the prior year. It invested 810 million (prior year: 923 million) in intangible assets and property, plant, and equipment to maintain and expand existing production plants and to upgrade and mod- ernize its distribution network. Share investments totaled 294 million (16 million). The current-year figure contains a compensation payment to Statkraft in conjunction with the acquisition of minority interests in E.ON Sverige. U.S. Midwest's investments were lower than in the prior year due to the completion of flue-gas desulfurization projects (Ghent 4 in June 2008, Ghent 2 in March 2009) and lower spend- ing on the new generation unit at Trimble County. The New Markets segment invested about 1.9 billion in 2009. Climate & Renewables invested 1,031 million, less than in 2008 (1,484 million).The majority of investments went towards large wind-power projects in the United States. Russia invested Cash-Effective and Economic Investments Our cash-effective investments totaled 9.2 billion in 2009, half the 2008 figure. We invested 8.4 billion in property, plant, and equipment and intangible assets (prior year: 9 billion). Share investments totaled 0.8 billion (prior year: 9.4 billion). Our economic investments are equal to our cash-effective investments plus the value of debt acquired and asset swaps. Central Europe invested 68 million more in 2009 than in 2008. Investments in property, plant, and equipment and in intangible assets rose by 74 million to 3,039 million. Central Europe invested 1,737 million in power generation assets. This 271 million increase resulted primarily from investments in the Malzenice and Plattling power plant projects (which were consolidated in 2009) and from investments at genera- tion assets of France-based SNET, which were included only in the second half of 2008. In its network business, Central Europe invested about 200 million less, due in part to lower Cash-Effective Investments in millions 2009 2008 +/- % Central Europe 3,256 3,188 +2 Pan-European Gas 1,610 1,215 +33 U.K. 897 1,162 -23 Nordic 1,104 939 +18 U.S. Midwest 545 650 -16 Energy Trading 53 8 +563 New Markets 1,881 3,305 -43 Corporate Center -146 7,939 ­ Total 9,200 18,406 -50 Outside Germany 6,644 15,415 -57 Economic Investments in millions 2009 2008 Cash-effective investments 9,200 18,406 Debt acquired ­ 3,464 Asset swaps 2,794 4,366 Total 11,994 26,236
www.eon.com Sitemap Contact Info-Service