E.ON and EDF

Powering Ahead in Different Directions

e.on-edf2-marko priske for handelsblatt
The chemistry is right between E.ON chief executive Johannes Teyssen (left) and Jean-Bernard Lévy, the head of EDF - just their strategies differ.
  • Why it matters

    Why it matters

    European energy companies will need to cooperate more moving ahead, not only among each other but also with new players.

  • Facts

    Facts

    • E.ON is shifting its focus away from nuclear energy, while EDF still depends on nuclear power plants for a large portion of its business.
    • EDF currently operates 73 nuclear reactors and is building new reactors in Britain.
    • Germany’s phase-out of nuclear power and shift toward renewable energy has forced E.ON to rethink its strategy.
  • Audio

    Audio

  • Pdf

Until a few days ago, E.ON chief executive Johannes Teyssen and his counterpart at EDF, Jean-Bernard Lévy, had only spoken with each other by telephone. They met in person for the first time at a meeting of the European industry association, Eurelectric, earlier this week in Berlin. While the two executives appear to share a similar chemistry, they’re pursing completely different energy strategies.

Handelsblatt: Mr. Lévy, your counterpart Johannes Teyssen has startled the industry with a radical shift in strategy. He wants to split up E.ON. What is your view of that strategy?

Jean-Bernard Lévy: I haven’t been working in the industry long enough to make such an assessment. I’ve been the head of EDF for eight months, and have had my hands full getting to know my own company.

And you see no need to do something similar at EDF?

Mr. Lévy: EDF is doing very well, given the difficult market, and it will stick to its integrated business model. There is no reason to make any significant changes to it.

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