Tag Archive for 'Stadtwerke'

First German Municipal Utility Holding to File for Insolvency

The German municipal utility Stadtwerke Gera AG filed for insolvency on 27 June 2014. According to press reports it is the first Stadtwerk to take this step, albeit it is wholly owned by the Eastern German town of Gera which is its sole shareholder and with approximately 100,000 citizens the 3rd-largest city of the Central German state of Thuringia . On the 3rd of July also two of its subsidiaries went into administration, the public transportation enterprise Gerarer Verkehrsbetriebe GmbH and Flugbetriebsgesellschaft mbH Gera which operates the municipal airport.

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Municipal and Regional Utilities Up in Arms against Nuclear Power Extension

In view of the political discussion on the extension of the life spans of the existing German nuclear power plants, a coalition of municipal and regional utilities from all over Germany threaten to stop investments in the double-digit billion range in case of an extension that does not go hand in hand with the shutdown of old coal-fired plants. Continue reading ‘Municipal and Regional Utilities Up in Arms against Nuclear Power Extension’