- E.ON (OTCPK:EONGY) Chief Executive Johannes Teyssen is determined to go through with a plan to spin off the utility's ailing power plants into a separate unit next year, even if upcoming regulation will torpedo the move.
- "I will bring the process to a successful end, no matter what the cost," he told reporters.
- The plan includes shifting €16.6B ($18.7B) in nuclear decommissioning provisions to the new unit, Uniper.