Bern (ots) - As the holding company, BKW Inc. constitutes the BKW Group's window to access the capital markets and, in this capacity, takes over this function from BKW FMB Energy Ltd. In this context the BKW Board of Directors of BKW has decided to transfer the BKW FMB Energy Ltd. bonds to BKW Inc. Going forward the BKW Group will henceforth be primarily financed via BKW Inc. Effective 30 April 2012, BKW Inc. will take ...
Bern (ots) - In December 2011 the public exchange offer of BKW Inc. for registered shares in BKW FMB Energy Ltd. in free float was successfully completed with 99.31% of the shares having been tendered. Following the exchange offer, BKW Inc. launched the squeeze-out for the 365,189 untendered shares in BKW FMB Energy Ltd. In its decision dated 21 March 2012, the Canton ...
Bern (ots) - The BKW Group is planning for the future. The Board of Directors has approved the BKW 2030 corporate strategy, the key planks of which are energy efficiency and renewable energy. By investing in smart grids, BKW intends to exploit the ...
Bern (ots) - In the challenging economic and regulatory environment of fiscal 2011, the BKW Group generated lower operating profit. At CHF 2,632.8 million, consolidated operating revenue was 5.6% below the prior-year figure. Low market prices coupled ...
Bern (ots) - The Federal Administrative Court (FAC) requires BKW to draw up a maintenance concept for Mühleberg nuclear power plant (KKM). BKW has already started work on such a concept. However, the FAC ruling also raises fundamental questions which ...
Bern (ots) - The Federal Administrative Court has lifted the existing time limit on the operating permit for Mühleberg nuclear power plant (KKM) and simultaneously ruled on a new time limit up to 28 June 2013. The Federal Administrative Court has also decreed that a comprehensive maintenance concept for the long-term operation of the KKM be submitted to the Federal ...
Bern (ots) - In a challenging economic and regulatory environment, the BKW Group recorded total consolidated operating revenue of CHF 2,633 million for the 2011 financial year: 5.6% lower than in 2010. Electricity sales dropped by 7.9% to 20,721 ...
Bern (ots) - With the consultation procedure with social partners now concluded, the BKW Group has finalised decisions on the personnel and organisational measures to be implemented as part of the cost reduction programme announced in December 2011. The workforce will reduced in phases by around 255 jobs and across all divisions and subsidiaries, wherever possible ...
Bern (ots) - The Elektra Baselland Cooperative (EBL), EKZ Renewables AG - a subsidiary of the electrical utilities of the canton of Zurich (EKZ) - and SN Erneuerbare Energie AG (SNEE) have become partners in the HelveticWind joint venture. The partnership was founded in March 2010 by Energie Wasser Bern and BKW Inc. with the aim of building up a wind power portfolio with a capacity of 170 Megawatts (MW) over the next few ...
Bern (ots) - With the aim of introducing a holding structure, BKW Inc. submitted a public exchange offer on 3 October 2011 for all BKW FMB Energy Ltd. registered shares in free float. In return for each tendered share in BKW FMB Energy Ltd., shareholders of BKW FMB Energy Ltd. were offered one new share in BKW Inc. with the same par value. Since 12 December 2011 BKW ...
Bern (ots) - Based on an assessment of the future market trend, the BKW Group will charge impairments and make provisions for onerous energy contracts to the 2011 financial statements. As a result of this measure, the Group expects to post a net loss of around CHF 150 million for the 2011 financial year, contrary to earlier expectations. The impairment charges concern ...
Bern (ots) - In 2011 the Mühleberg power plant (KKM) of BKW Inc. generated 2,605 million Kilowatt hours (kWh) of electricity: 16% less than in 2010 (3,109 million kWh). The reduction is due to the extended revision of the plant in the summer of 2011. Since the early 1970s the KKM has generated more than 105,733 million kWh of electricity. Compared to a modern ...
Bern (ots) - BKW FMB Energy Ltd. (BKW) is acquiring five small run-of-river power plants from Italian energy utility Sorgenia. Located in the Aosta valley, the run-of-river power plants have a collective installed capacity of close to 8 Megawatts (MW). The acquisition expands BKW's presence in Northern Italy. Since ...
Bern (ots) - After nine successful years in charge of Mühleberg nuclear power plant (KKM), Patrick Miazza is to stand down as managing director of the plant on 1 January 2012 for personal reasons. He will be succeeded by his current deputy, Martin Saxer. Walter Lehmann, currently Head of Operations, will take over as deputy managing director. Patrick Miazza joined BKW ...
Bern (ots) - BKW FMB Energy Ltd. (BKW) is to acquire two wind farms, Holleben and Bippen, from Germany's leading wind project developer and wind farm operator wpd of Bremen. The two wind farms have a collective installed capacity of 53 Megawatts (MW). The acquisition expands BKW's foreign wind portfolio to 270 MW and strengthens its position in the field of wind power. Holleben wind farm in Saxony-Anhalt has an installed ...
Bern (ots) - In October the BKW Group announced a Groupwide productivity enhancement and cost reduction programme with a view to further developing its market position. It has now launched an additional package of measures which, when implemented, will enable BKW to achieve the targeted reduction in controllable costs and ensure the company's economic stability. A planned reduction of around 200 jobs will affect all ...
Bern (ots) - With the aim of introducing a holding structure, BKW Inc. submitted a public exchange offer on 3 October 2011 for a 1:1 exchange of all BKW FMB Energy Ltd. registered shares in free float. In return for each tendered share in BKW FMB Energy Ltd., shareholders of BKW FMB Energy Ltd. will receive one new ...
Bern (ots) - Every five years the estimate of decommissioning and disposal costs for all Swiss nuclear power plants is comprehensively reviewed and updated. In this context, BKW FMB Energy Ltd. (BKW) has also drawn up a new cost estimate for the post-shutdown phase and dismantling of Mühleberg nuclear power plant. The estimated costs for the phase immediately following the shutdown of the nuclear power plant, as well as ...
Bern (ots) - With the aim of introducing a holding structure, BKW Inc. submitted a public exchange offer on 3 October 2011 for a 1:1 exchange of all BKW FMB Energy Ltd. registered shares in free float. In return for each tendered share in BKW FMB Energy Ltd., shareholders of BKW FMB Energy Ltd. will receive one new share in BKW Inc. with the same par value. The ...
Bern (ots) - On 26 October 2011, BKW FMB Energy Ltd. (BKW) signed an agreement for a syndicated loan (as yet unused) of CHF 300 million at attractive conditions. With this move, BKW has created a financing framework to strengthen its liquidity reserves. This will allow BKW in future, if the need arises, to raise funds from the banks in order to help finance its net ...
Bern (ots) - With a view to further developing its market position and as part of the economising programme already announced, BKW FMB Energy Ltd. (BKW) has taken measures to reduce the workforce in the Networks Division. The move was prompted in particular by the changed regulatory environment and increased pressure on costs. In mid-April 2011, the Federal Electricity ...
Bern (ots) - As already announced, BKW Group intends to introduce a holding structure to enable a more flexible response in future to changing market requirements and new regulatory challenges. This will be done in the form of a share exchange, whereby the new BKW Group holding company, BKW Inc., submits a public exchange offer to BKW FMB Energy Ltd. shareholders to exchange all registered shares in BKW FMB Energy Ltd. on ...
Bern (ots) - Following completion of the annual revision and optimising work on the inlet structure of Mühleberg nuclear power plant (KKM), BKW FMB Energy Ltd. (BKW) restarted the facility at the weekend. Prior to the restart, the Federal Nuclear Safety Inspectorate (ENSI) approved the upgrades and authorised the ...
Bern (ots) - Against a challenging economic and regulatory backdrop, the BKW Group has delivered unsatisfactory results for the first half of 2011. The result was impacted by low energy prices, the downturn on equity markets, the low Euro exchange rate and the events in Japan. Compared to the prior-year period, ...
Bern (ots) - At the end of January 2011, BKW FMB Energy Ltd (BKW) signed an agreement with the Ascométal steel manufacturer with a view to acquiring the Allevard hydroelectric power plant group in the French Alps near Chambéry. The responsible French authorities have now prohibited the transfer of the concession to BKW on the grounds that the concession provides for ...
Bern (ots) - Through their joint venture HelveticWind, Energie Wasser Bern (ewb) and BKW FMB Energy Ltd (BKW) are acquiring Lüderstorf-Parstein wind farm from Ventotec GmbH of Lower Saxony. Situated in the north-eastern German state of Brandenburg, the wind farm has been connected to the grid since the end of 2004. ...
Bern (ots) - The BKW Group (BKW) completed another step in the field of sustainability by creating a structured system of sustainability management. This includes setting measurable targets, taking concrete measures and institutionalising the process throughout the organisation. The principle of sustainable development has long been enshrined in the mission statement and strategy of BKW. In 2010, BKW refined and further ...
Bern (ots) - Cost reductions due to efficiencies in the grid area have enabled BKW Energy Ltd (BKW) to lower its prices by an average of 3.2% as from 1 October 2011. The adjustments vary depending on the customer groups. For households, the average reduction is 6%, and for business customers between 2.5% and 5%. BKW is also reducing the surcharge for certified solar power to 63 cents per kWh. The 2012 prices were adjusted ...
Bern (ots) - The BKW FMB Energie AG (NKW) is shutting down and withdrawing from the power grid the Mühleberg Nuclear Power Station (KKM) tomorrow, fully five weeks before the start of the scheduled annual inspection in order to implement measures to safeguard the cooling water extraction. After the routine measures have been completed in September BKW plans to ...
Bern (ots) - BKW FMB Energy Ltd (BKW) has acquired another two wind farms in Italy from Fortore Energia S.p.A. The acquisition strengthens BKW's position as a producer of wind power. The two find farms, Buglia (20 MW) and Ripacandida (42 MW), are located in Italy's windiest region, Apulia, and collectively produce around 95 Gigawatt hours of electricity a year. BKW has acquired these wind farms as part of its move to ...