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INDEX
Leading Positions in Core Markets
Grid Operation, Grid Service and Customer Service are Organised as Independent Companies
RWE‘s Position in Central Eastern European Markets: Poland, Czech Republic, Slovakia, Hungary (2007)
More Growth, Less CO2 – Our Strategic Roadmap for 2012
Our Nuclear Strategy – More Growth, Less CO2 and a Regionally Diversified Portfolio
Benefits of Vertical Integration of the Energy Business in the RWE Group
RWE Acquisition Criteria
Two Main Levers to Enhance Efficiency
Major Acquisitions Since FY 1999/2000: Electricity
Major Acquisitions Since FY 1999/2000: Gas
Major Acquisitions Since FY 1999/2000: Water
Major Divestments Since FY 1999/2000 until 2007: Core Business
Major Divestments Since FY 1999/2000 until 2007: Non-Core Business
The Technology of the Future: RWE to Gain Leadership in Europe in Virtually CO 2-free Power Plant Technology
Shareholder Structure of RWE AG
RWE Share Profile
Maturity pattern
New definition of net debt
Leverage Factor
New Definition of Net Debt and Leverage Factor
RWE Bond Programme
RWE Securities
German Combined Heat and Power Generation (CHP) Act
German Renewable Energy Act (REA)
Subsidy rates of REA
Large Combustion Plant Directive (LCPD): Shut-Down of 13 GW by 2015 (or Earlier) in UK
Typical Grid Fee Calculation Models
German Grid Fee Calculation: Two Models
Current Regulatory Model of Grid Fee Calculation in Germany
Electricity and Gas Prices in Germany: Legal Framework
Nuclear Power Plants in Germany: Remaining Capacities after Shut-Down
The German Energy Industry Act: Unbundling in the German Energy Market
Shipments of Liquified Natural Gas (LNG) to Europe in 2007
Present Capacity of Liquified Natural Gas (LNG) (2007)
RWE Group Electricity Production by Region (2007)
RWE Group Power Plant Capacity by Region (2007)
RWE's German Power Plant Portfolio (2007)
RWE's UK Power Plant Portfolio (2007)
RWE's Other International Power Plant Portfolio (2007)
RWE Power's Decommissioning Concept for Nuclear Power Plants
RWE’s German Electricity Grid (2007)
RWE’s German Transmission Business (2007)
RWE Group Electricity Sales Volume (2007)
RWE Dea's Asset Resource Contribution (2007) – Discovered reserves + resources (C+S)
RWE Dea's Asset Resource Contribution (2007) – Undiscovered (risked) resources (E)
RWE Dea’s Key Performance Indicators
Investment in Organic Growth: RWE Dea's Capex Plan per Region
RWE Group Gas Sales Volume (2007)
RWE Ranks Among the Top European Gas Players (2007)
Investor Relations of RWE AG – Contacts
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RWE Facts & Figures 2008
Leading Positions in Core Markets
Product
Electricity Gas
Market
Germany No. 2 No. 3
UK No. 3 No. 3
Central-Eastern Europe n No. 2 in Hungary n No. 1 in the Czech Republic
n No. 3 in Slovakia n Leading position in Hungary
n Starting position in Poland
Europe Among top 5 No. 6
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RWE Facts & Figures 2008
Grid Operation, Grid Service and Customer Service are Organised as Independent Companies
Transmission/distribution
Grid services Customer services
system operators
n Grid development planning n Operate grids and equipment n Operate call centres and billing centres
n Investment strategy (e.g. maintenance and repair) n Joint IT solutions
n Maintenance strategy and planning n Shared services
n Sale of grid system services
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RWE Facts & Figures 2008
RWE‘s Position in Central Eastern European Markets: Poland,
Czech Republic, Slovakia, Hungary (2007)
CEE key figures*) Electricity Gas
External revenue (€ million) 2,384 4,007
Sales (TWh) 23.8 142.5
Customers (million) 3.5 4.4
Employees 5,840 7,755
*) Including shareholdings ≥20%.
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RWE Facts & Figures 2008
More Growth, Less CO2 – Our Strategic Roadmap for 2012
What we aim to do Target for 2012
Defend and expand existing margins in RWE key GER: defend/grow margins on current volumes
> markets Germany and UK UK: defend/grow volumes and profitability
Share of non-German operating result grows from 36% (2007) to 40 -
> Increase level of regional diversification
50%
Boost proportion of renewables in our generation portfolio
> while creating value
More than tripling of installed base to 4,500 MW
> Reduce carbon exposure Reduction by 20% (compared to 2006 emissions)
Profitably increase contracted European gas supply purchase
> Strengthen gas midstream activities
volume from 40 to 60 bcm p.a.
> Grow equity gas business organically Doubling of hydrocarbon production by 2012/2013 to 12 bcm p.a.
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RWE Facts & Figures 2008
Our Nuclear Strategy – More Growth, Less CO2 and a Regionally Diversified Portfolio
n Keep nuclear option in Germany
Goal n Expansion of nuclear energy-based generation portfolio in other markets, especially UK and CSEE
n Reduce CO2 exposure and grow more internationally
n Keep German nuclear fleet at highest safety standards
Key
n Focus on new build abroad
prerequisites n Concentration on markets with high attractiveness for nuclear energy and favourable nuclear infrastructure
n Short term: lobbying/review of nuclear phase out in Germany
Main
n UK: our target is to participate in at least two nuclear projects
opportunities n CSEE: bidding for minority stakes in projects: Bulgaria (Belene), Romania (Cernavoda), Lithuania (Ignalina)
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RWE Facts & Figures 2008
Benefits of Vertical Integration of the Energy Business in the RWE Group
Upstream (generation) Gas midstream Supraregional and Electricity and gas
(commercial regional electricity supply
optimisation of and gas grids
Power generation Renewable energy Gas and oil procurement,
production transport and
storage) and energy
trading
Continental RWE Power RWE Innogy RWE Dea RWE Supply & RWE Energy
Europe Trading
United RWE npower RWE npower
Kingdom
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RWE Facts & Figures 2008
RWE Acquisition Criteria
Strategic criteria
n Business complementarity
– Products
– Regions
– Synergies
n Provide growth potential
n Improvement of CO2 profile
Financial criteria
n IRR > Hurdle rate (after tax) – hurdle rate based on project specific WACC
(5.5 - 6.5%, upstream 8.5%) plus value contribution and risk premium dependent on risk of the business and region
n ROCE has to match WACC in the 3rd year of full inclusion of acquired assets (including goodwill)
n Consistent with target leverage factor (2.8 – 3.4 x net debt/EBITDA)
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RWE Facts & Figures 2008
Two Main Levers to Enhance Efficiency
Cost reduction measures, especially from benchmarking processes mainly focusing on:
n Reduction of overhead functions and general streamlining of personnel and material costs thereby reallocating
up to 700 staff members to other, more efficient tasks
– Benchmarking of power plants and setting new cost targets for lignite mining
A – Outperforming the regulator and achieving cost leadership in the grid business
– Retail, including call/billing: standardising processes and products and making use of economies of scale
n IT-cost reductions (e.g. consolidation of data centres, service providers, outsourcing)
n Cost reduction in procurement (e.g. by further centralisation)
Efficiency enhancements (turnover increase)
n Improvement of power plant availability at RWE Power (mainly lignite) and RWE npower
B n Retrofit measures to increase capacity
n Fuel replacement
Approximately € 1 bn of the programme has been secured bottom up.
> Additional € 0.2 bn top down to be detailed in the coming months.
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RWE Facts & Figures 2008
Major Acquisitions Since FY 1999/2000: Electricity
Company Year of External revenue Percentage of Equity value
acquisition in € million participation in € million
RWE AG (old)
VEW AG, Germany 29,561
Merger with RWE AG (old) 2000 4,817 100 VEW AG 5,852
Stadtwerke Duisburg AG, Germany 2000 403 20 n.p.1)
Turbogás Produtora Energética S.A., Portugal 2001 297 From 25 to 75 n.p.
KELAG, Austria 2001 346 49 480
Energie- und Wasserversorgung
Bonn/Rhein-Sieg GmbH, Germany 2001 212 13.7 n.p.
SSM Coal B.V., Netherlands 2001 700 From 50 to 100 n.p.
Stadtwerke Düren, Germany 2001 110 From 25.15 to 74.95 n.p.
Harpen AG, Germany 2002 250 From 71.5 to 95 n.p.
GEW RheinEnergie AG, Germany 2002 1,455 20 n.p.
Stadtwerke Velbert GmbH, Germany 2002 79 20 n.p.
Elettra (= Energy Holding of Lucchini), Italy 2002 120 25 70
RWE Innogy plc, UK 2002 6,200 100 5,055
AERSA, Spain 2002 10 100 n.p.
Stoen S.A., Poland 2002 395 85 370
VSE, Slovakia 2002 256 49 130
Wuppertaler Stadtwerke AG, Germany 2003 426 20 n.p.
Great Yarmouth Power Ltd. 2005 n.p. 100 230
eprimo GmbH, Germany 2007 100 100 n.p.
Urvasco Energía S.A., Spain 2008 n/a2) 100 n.p.
Fri-El S.p.A., Italy 2008 n/a 50 n.p.
Powerhouse Holding B.V., Netherlands 2008 n/a 100 n.p.
1) n.p. = not published.
2) n/a = not applicable.
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RWE Facts & Figures 2008
Major Acquisitions Since FY 1999/2000: Gas
Company Year of External revenue Percentage of Equity value
acquisition in € million participation in € million
1)
Thyssengas GmbH, Germany 2000 1,113 From 50 to 75 n.p.
Nafta a.s., Slovakia 2001 74 40 n.p.
Obragas Holding N.V., Netherlands 2002 162 90.05 330
2)
Transgas + 8 regional distributors, Czech Republic 2002 3,145 100 4,140
Highland Energy (Gas Fields North Sea), UK 2002 22 100 181
VOG (Veba Oil & Gas), Germany:
German Oil & Gas Egypt GmbH 2002 – 49 n.p.
RWE-Dea Norway GmbH 2002 – 21 n.p.
Thyssengas GmbH, Germany 2002 1,259 From 75 to 100 n.p.
3)
Excelerate Energy, USA 2008 n/a 50 n.p.
1) n.p. = not published.
2) 100% closed in June 2003.
3) n/a = not applicable.
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RWE Facts & Figures 2008
Major Acquisitions Since FY 1999/2000: Water
Company Year of External revenue Percentage of Equity value
acquisition in € million participation in € million
Thames Water plc, UK 2000 2,247 100 7,100
ESSBIO, Chile 2000 46 50.96 340
E’town Corporation Inc., USA 2000 190 100 670
ANSM, Chile 2001 22 – n.p.1)
ESSEL, Chile 2002 20 25.5 150
Water activities of the Iberdrola Group
(Ondagua, Pridesa), Spain 2002 148 75 95
China Water Company, China 2002 9.72) 48.8 n.p.
RWW Rheinisch-Westfälische
Wasserwerksgesellschaft mbH, Germany 2002 97 From 14.3 to 74.9 194
RWW Rheinisch-Westfälische
Wasserwerksgesellschaft mbH, Germany 2002 97 From 74.9 to 79.8 n.p.
American Water Inc., USA 2003 1,700 100 4,500
1) n.p. = not published.
2) Six months ended October 31, 2001.
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RWE Facts & Figures 2008
Major Divestments Since FY 1999/2000 until 2007: Core Business
Company Year of External revenue Percentage of Equity value
acquisition in € million participation in € million
Electricity/Gas
1)
Lausitzer Braunkohle AG (Laubag), Germany 2000 625 47.5 1,300
Vereinigte Energiewerke AG (VEAG), Germany 2000 1,901 32.5
Gelsenwasser AG, Germany 2000 219 28.1 n.p.2)
Rhenag AG, Germany 2001 191 – n.p.
GASAG Berliner Gaswerke AG, Germany 2001 499 11.95 n.p.
EMB Erdgas Mark Brandenburg GmbH, Germany 2001 176 44.93 n.p.
Erdgas Schwaben GmbH, Germany 2001 199 26 n.p.
STEAG AG, Germany 2002 868 14.8 n.p.
BAWAG Bayerische Wasserkraftwerke AG, Germany 2002 34 49.99 n.p.
TOMAN Handels- und Beteiligungsgesellschaft mbH,
Germany 2002 116 100 n.p.
Stadtwerke Leipzig, Germany 2003 475 40 199
Canadian CONSOL Activities, USA 2003 – – n.p.
Bergemann GmbH/ Ruhrgas AG, Germany 2003 – 3.5 224
CONSOL Energy Inc., USA 2003 2,257 From 73.6 to 48.9 218
CONSOL Energy Inc., USA 2003 2,257 From 48.9 to 18.5 405
CONSOL Energy Inc., USA 2004 – 18.5 250
Motor-Columbus AG, Switzerland 2004 – 20
269
Atel AG, Switzerland 2004 – 1.23
Portugen S.A., Portugal 2004 – 100
205
Turbogas-Produtora Energética S.A., Portugal 2004 – 75
STE, Czech Republic 2003 – 35 73
ISKEN A.S., Iskenderun, Turkey 2004 – 25 n.p.
Elettra GLL S.p.A., Brescia, Italy 2004 140 25 n.p.
RWE Solutions BU Transformers, Germany 2004 142 100 n.p.
RWE Piller GmbH, Germany 2004 122 100 n.p.
1)
RWE Solutions Group ,Germany 2006 1,700 100 n.p.
KazGerMunai, Kazakhstan 2006 – 25 n.p.
Harpen Italia Spa., Italy 2006 – 100 n.p.
Harpen Immobilien GmbH & Co KG/Harpen Immobilien
Verwaltungsgesellschaft mbH, Germany 2007 100 n.p.
Obragas Net/NetBeheer Haarlemmermeer, NL 2007 – – 400
EKT Energie- und Kommunaltechnologie GmbH, NL 2007 36 – n.p.
Rhenag, Germany 2008 n/a 8.23 n.p.
Tarragona Power, Spain 2008 n/a 50 n.p.
1) Divested in a package.
2) n.p. = not published.
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RWE Facts & Figures 2008
Major Divestments Since FY 1999/2000 until 2007: Non-Core Business
Company Year of External revenue Percentage of Equity value
acquisition in € million participation in € million
Maquet AG, Germany 2000 155 100 n.p.*)
Chemical activities under the brand name CONDEA 2000 2,528 100 1,300
Rheinelektra-Technik-Gruppe, Germany 2001 342 100 n.p.
Joint venture Shell & DEA Oil GmbH, Germany 2002 – 50 1,500
HOCHTIEF
HOCHTIEF Verkehrswegebau-Gruppe
(RKB, Otto Rohr, Helmus), Germany 2000 71 100 n.p.
HOCHTIEF AG, Germany 2004 1,975 From 46.5 to 9.56 750
2005 From 9.56 to 5.62 81
2006 From 5.62 to 0 201
Heidelberg
Heidelberger Druckmaschinen AG, Germany 2001 5,303 From 56.15 to 50.01 317
2004 3,658 From 50.01 to 15.12 About 1,300
Heidelberger Druckmaschinen AG, Germany 2007 – From 15.12 to < 10 229
Telecommunications
TeleColumbus GmbH, Germany 1999 169 48.75 n.p.
E-Plus Mobilfunk GmbH, Germany 2000 1,487 29.37 3,579
Aliatel a.s., Czech Republic 2005 90 39.7 n.p.
Environmental Services
ENSR Corp. (Group), USA 1999 160 100 n.p.*)
RWE Ambiente Italia S.p.A. (Group), Italy 2001 100 100 n.p.
More than 50 RWE Umwelt AG subsidiaries and
joint ventures in Germany, Poland and Spain 2003 187 – n.p.
RWE Umwelt AG 2005 1,830 100 n.p.
Water Division
Sale of the international water activities in Thailand,
Spain, Chile and Indonesia 2005 – 2006 – – –
RWE Thames Water Holdings plc 2006 – 100 7,200
American Water, USA 2008 – from 100 to 39.5% n.p.
*) n.p. = not published.
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RWE Facts & Figures 2008
The Technology of the Future: RWE to Gain Leadership in Europe in Virtually CO2-free Power Plant Technology
1 RWE Group R&D budget at € 1 bn 2007 to 2013; more than two thirds are directed to carbon avoidance.
RWE Power plans to develop and build a plant virtually CO2-free 450 MW coal-fired IGCC1) plant including CO2 transport and
2 storage to demonstrate the whole CCS2)-chain. The new power plant, which will be fuelled by local lignite resources, is to be
constructed on the Goldenbergwerk site in Huerth near Cologne. Commissioning is scheduled for 2014.
In parallel, CO2 scrubbing for lignite and hard coal will be developed further for advanced conventional power plant technology:
– RWE npower plans to design and build the first carbon dioxide capture pilot plant at a UK coal power station. The 1 MW pilot
plant will be located at Aberthaw power station in South Wales.
– Possible 25 MW demonstrator plant at Tilbury.
3 – RWE Power, BASF and Linde have joined forces to develop new processes for CO2 capture from combustion gases in coal-fired
power plants. This includes the construction and operation of a pilot facility at our lignite-fired power plant in Niederaussem to test
new developments and solvents for the capture of CO2.
– American Electric Power (AEP) and RWE plan to collaborate in a similar project, which will be implemented in the AEP hard coal-
fired Mountaineer plant (1,300 MW) in New Haven, West Virginia. Alstom will also participate in the project.
1) IGCC: Integrated Gasification Combined-Cycle.
2) CCS: Carbon Capture and Storage.
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RWE Facts & Figures 2008
Shareholder Structure of RWE AG
Shares of the subscribed capital
1 RW Energie-Beteiligungsgesellschaft 15%
2 Capital Research and Management 5%
3 Other institutional shareholders 64%
Institutional shareholders total: 84%
4 Private shareholders 14%
5 Employee shareholders 2%
RWE AG total: 100%
n 260,000 shareholders own 562.4 million shares
n 84% of all RWE shares are held by institutional investors.
The regional breakdown is as follows:
– Germany 41%
– USA/Canada 16%
– UK/Ireland 13%
– Continental Europe (excl. Germany) 13%
– Rest of the world 1%
n Shares of the voting rights
RW Energie-Beteiligungsgesellschaft 16.1%
Capital Research and Management 5.1%
n Free Float2) 89%
(excluding RWE Energie-Beteiligungsgesellschaft)
1) As of December 2007.
2) Ordinary shares.
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RWE Facts & Figures 2008
RWE Share Profile
Share information Non-par-value shares
Number of shares
As of December 31, 2007 523,405,000 common shares 39,000,000 preferred shares
As of March 31, 2008 519,389,000 common shares 39,000,000 preferred shares
As of May 16, 2008 491,670,527 common shares 39,000,000 preferred shares
Reuters RWEG.F RWEGpr.F
Bloomberg RWE GY RWE3 GY
ISIN DE 000703 7129 DE 000703 7145
German Security Identification 703712 703714
Swiss Security ID code 1158 883 1158 890
US CUSIP No. (ADR) 74975E303 –
Listings Germany - official -
Frankfurt/Main
Düsseldorf
Xetra
Abroad
SWX Swiss Exchange
(secondary listing)
New York, OTC trading
(Sponsored level-one ADR programme for
common shares)
*) As of May, 2008.
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RWE Facts & Figures 2008
Maturity pattern
Liability side is controlled via maturity structure and fixed/floating mix
Maturity range 0 – 3 Years 4 – 7 Years 8 – 12 Years >12 Years
in € bn 1.2 3.1 1.9 2.9
Relative share 24% 30% 18% 28%
Cumulative 24% 54% 72% 100%
1) Capital market debt excluding commercial paper programme as of August 18, 2008.
2) Nominal value outstanding
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RWE Facts & Figures 2008
New definition of net debt*)
n Net financial debt
+ provisions for pension
+ provisions for nuclear waste management
+ provisions for mining damage
*) For more details see next page.
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RWE Facts & Figures 2008
Leverage Factor
n RWE's targeted range for the leverage factor:
2.8x – 3.4x by 2010
n Targeted range for leverage factor is at least implicitly in line with Single A flat/A2 rating
(based on rating agencies' current models)
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RWE Facts & Figures 2008
New Definition of Net Debt and Leverage Factor
in € million 12/31/2007 12/31/2006 Absolute change
Cash and cash equivalent 1,922 2,794 -872
Marketable securities 11,302 17,835 -6,533
Other financial assets 2,125 3,473 -1,348
Gross financial assets 15,349 24,102 -8,753
Bonds, notes payable, bank debt, cp 12,005 18,308 -6,303
Other financial debt 1,280 1,074 206
Gross financial debt 13,285 19,382 -6,097
Net financial debt (+) / assets ('-') -2,064 -4,720 2,656
Provisions for pensions and similar obligations 3,565*) 11,584 -8,088
Capitalised surplus of plan assets over benefit obligations 507*) 0 507
Provisions for nuclear obligations 9,053 8,834 219
Provisions for mining and recultivation 2,822 2,548 274
Net debt (+) / assets ('-') from DCO 3,645*) 0 3,624
Net debt (+) / assets ('-') new definition 16,514 18,246 -1,315
EBITDA 7,915*) 7,172 769
Net debt / EBITDA (leverage factor) 2.1x 2.5x -0.4x
*) Adjusted figures; see interim report on H1 2008, page 13.
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RWE Facts & Figures 2008
RWE Bond Programme
Major bonds issued by the RWE Group*)
Currency Volume Issue Volume in Term in Issue Date Maturity Coupon Interest Date Security Code ISIN-No
Currency in millions € million Years (%) (most recent) (WKN)
RWE AG: Private Placements (DIP)
EUR 86.0 86.00 7 06/03/2002 06/03/2009 5.625 06/03/2008 795686 DE0007956864
NOK 350.0 43.71 7 10/28/2002 10/28/2009 7.000 10/28/2007 748535 XS0156891292
EUR 100.0 100.00 15 11/15/2002 11/15/2017 floating 05/15/2008 748536 XS0158243013
EUR 600.0 600.00 30 02/14/2003 02/14/2033 5.750 02/14/2008 748537 XS0162513211
NOK 250.0 31.22 7 06/18/2003 06/18/2010 4.890 06/18/2008 748538 XS0170287238
SGD 50.0 23.43 7 07/08/2003 07/08/2010 2.300 07/08/2008 748539 XS0171753600
CZK 750.0 31.31 6 07/22/2003 04/22/2009 floating 07/22/2008 748541 XS0172975111
RWE Finance BV: Public Bonds (DIP)
GBP 500.0 635.81 7 07/03/2003 08/17/2010 4.625 08/17/2008 878796 XS0170731847
EUR 1,808.0 1,808.00 11 04/26/2002 10/26/2012 6.125 10/26/2007 855327 XS0147030554
GBP 630.0 801.12 11 04/26/2002 06/03/2013 6.375 06/03/2008 855329 XS0147048259
EUR 530.0 530.00 10 07/23/2004 07/23/2014 4.625 07/23/2008 A0DAN1 XS0196302425
EUR 850.0 850.00 15 04/20/2001 04/20/2016 6.250 04/20/2008 648661 XS0127984747
EUR 980.0 980.00 15 07/23/2003 07/23/2018 5.125 07/23/2008 957955 XS0172851650
GBP 570.0 724.82 20 04/20/2001 04/20/2021 6.500 04/20/2008 648663 XS0127992336
GBP 487.5 619.91 20 07/03/2003 12/06/2023 5.625 12/06/2007 878761 XS0170732738
GBP 760.0 966.43 28 04/26/2002 06/03/2030 6.250 06/03/2008 855328 XS0147048762
CHF 500.0 306.05 5 07/02/2003 12/18/2008 2.000 12/18/2007 957828 CH0016141324
RWE AG: Promissory Notes (Standalone)
HKD 500.00 41.07 7 02/16/2009 floating
Total: RWE AG/RWE Finance 9,178.0
Currency exchange rates
€ CHF CZK GBP JPY NOK PTE USD HKD SGD
1.00 1.6337 23.9565 0.7864 168.3875 8.0078 200.4820 1.5603 12.1740 2.1337
*) As of August 18, 2008.
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RWE Facts & Figures 2008
RWE Securities
Securities in RWE's Group accounts as of 12/31/2007
Securities held as non-current assets: € 444m
Securities held as current assets: € 10,858m
Total securities: € 11,302m
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RWE Facts & Figures 2008
German Combined Heat and Power Generation (CHP) Act
Subject CHP Legislation
Term Effective since April 2002 with new amendment with effect as of January 1, 2009
Aim Modernisation and new build of high efficient CHP plants for energy conservation and CO2 reduction
Object of subsidy Electricity actually generated in CHP plants (back pressure) including internal consumption of industry.
Support is no longer connected to the feed into supply grids.
Levels of subsidy Specific subsidisation of CHP plants dependant on
– Commissioned since January 1, 1990
– Modernised plants
– Small plants
– Block-type central cogeneration and fuel cell plants
Volume Annually cap of € 750 million including € 150 million for heat pipes.
€ 700 million in 2007; € 4,409 million since April 2002
Funding Allocation to total supplies to end customers from the public supply grid
Limitation of the burden Max. 0.05 ct/kWh for large consumers with a yearly consumption of more than 100,000 kWh
for industry Max. 0.025 ct/kWh for energy-intensive industry (> 4% of energy costs of gross production value)
Passing-on clause Grid operators have the right to pass on all feed-in payments
*) Figures and scheme taken from amendment in 2008 with the effect as of January 1, 2009.
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RWE Facts & Figures 2008
German Renewable Energy Act (REA)
Subject Renewable Energy Legislation
Term Effective since April 2000 and amended by August 1, 2004 and 2008 with effect as of January 1, 2009
Different support of plants with service lives of up to 20 years
Aim Supports introduction of renewables-based electricity generation plants and meets the emissions reduction target
set by the federal government: min. 30 % electricity production from renewables by 2020
Object of subsidy Electricity actually generated in renewable plants which supply grid
Levels of subsidy Different price schemes of renewable plants and different price schemes for new plants
(wind, water, biomass, solar)
Volume Approx. € 9.64 billion feed-in tariffs in 2008 without following system costs (grid, balancing power);
projection 2009: € 10.3 billion, projection 2012: € 14 billion
Funding Amount allocated to total supplies to end customers from the public supply grid was about 1 ct/kWh in 2008
Limitation of the Hardship clause came into effect as of January 1, 2006; reduced amount of 0.05 ct/kWh if a company consumes
burden for industry more than 10 GWh and electricity costs are at least 15% of gross production value
Passing-on clause Grid operators have the right to pass on all surcharge payments to the suppliers
*) Figures and scheme taken from the amendment in 2008 with the effect as of January 1, 2009.
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RWE Facts & Figures 2008
Subsidy rates2) of REA
in (ct/kWh)
Hydropower 3.50 – 12.67
Landfill gas, sewage gas, pit gas 4.16 – 9.06
Biomass 7.79 – 28.67
Geothermal energy 10.50 – 23.00
Wind power 5.02 – 9.20 (onshore)
3.50 – 15.00 (offshore)
Photovoltaics
Sources: Bundesministerium für Umwelt, Naturschutz und Reaktorsicherheit 32.00 – 47.48
(Federal Ministry for the Environment, Nature Conservation and Nuclear Safety).
1) Figures and scheme taken from the amendment in 2008 with the effect as of January 1, 2009.
2) Depend on size of plant, year of commercial operation and technology.
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RWE Facts & Figures 2008
Large Combustion Plant Directive (LCPD): Shut-Down of 13 GW by 2015 (or Earlier) in UK
Installation Operator Fuel Installed Number of Number of Capacity Capacity FGD3) status
capacity boilers plant opted in1) opted out2)
(MWe) (MW) (MW)
Drax Drax Power Coal 3,960 6 1 3,960 0 Fitted
Eggborough British Energy Coal 2,000 4 1 2,000 0 2 units fitted
Cottam EDF Energy Coal 2,000 4 1 2,000 0 Fitted
Ferrybridge Scottish & Southern Energy Coal 2,000 4 2 1,000 1,000 Under construction
Fiddlers Ferry Scottish & Southern Energy Coal 2,000 4 1 2,000 0 Under construction
Didcot A RWE npower Coal 2,000 4 1 0 2,000 No FGD
Tilbury RWE npower Coal 1,020 4 2 0 1,020 No FGD
Kingsnorth E.ON UK Coal 2,000 4 1 0 2,000 No FGD
Ratcliffe E.ON UK Coal 2,000 4 1 2,000 0 Fitted
Ironbridge E.ON UK Coal 1,000 2 1 0 1,000 No FGD
Rugeley International Power Coal 1,000 2 1 1,000 0 Under construction
West Burton EDF Energy Coal 2,000 4 2 2,000 0 Fitted
Peterhead Scottish & Southern Energy CCGT 1,320 2 1 1,320 0 N/A
Longannet Scottish Power Coal 2,304 4 1 2,304 0 Under construction
Cockenzie Scottish Power Coal 1,152 4 2 0 1,152 No FGD
Aberthaw RWE npower Coal 1,500 3 1 1,500 0 Under construction
Kilroot AES Coal/Oil 520 2 1 520 0 Under construction
Uskmouth Uskmouth Power Coal 393 3 1 393 0 Fitted
Littlebrook RWE npower Oil 1,370 3 1 0 1,370 No FGD
Fawley RWE npower Oil 1,000 2 1 0 1,000 No FGD
Grain E.ON UK Oil 1,300 2 1 0 1,300 No FGD
Total 33,839 71 25 21,997 11,842
1) Compliant with emission limits in LCPD.
2) Limitation of operating hours to 20,000 between 01/01/2008 and 12/31/2015. No requirement to fit FGD.
3) FGD: Flue gas desulphurisation.
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RWE Facts & Figures 2008
Typical Grid Fee Calculation Models
Historic cost accounting Current cost accounting
1 2 3 4
Nominal historic cost Inflation-adjusted historic Regulatory current cost Current cost accounting
accounting cost accounting accounting (gross)
(“Realkapitalerhaltung”) (“Nettosubstanzerhaltung”)
Price changes are not taken Price changes are only Price changes for the part Price changes for the part
into account taken into account if they of the assets financed by of the assets financed with
are occasioned by the rate equity through current equity and debt through
of inflation in the return on costs/depreciation current costs/depreciation
capital (+ return on capital) (+ return on capital)
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RWE Facts & Figures 2008
German Grid Fee Calculation: Two Models
Model Inflation-adjusted historic Regulatory current cost
cost accounting accounting
(corresponding to electricity (corresponding to electricity
grid fee regulation for assets grid fee regulation for assets
capitalised after 01/01/2006) capitalised before 01/01/2006)
Item
Depreciation Historic cost Current cost (equity)/historic
linear, normal useful life cost (debt)
linear, normal useful life
Equity ratio 40% 40%
Interest on debt Based on expenses Based on expense
Return on capital 7.91% electricity 6.5% electricity
9.21% gas 7.8% gas
Basis of return Equity Equity
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RWE Facts & Figures 2008
Current Regulatory Model of Grid Fee Calculation in Germany
Imputed carrying amount of fixed assets at historical costs capitalised before 01/01/2006 x (1 - equity ratio) = Imputed carrying amount of debt-financed fixed assets
+ Imputed carrying amount of fixed assets at current cost capitalised before 01/01/2006 x equity ratio = Imputed carrying amount of equity-financed fixed assets
= Imputed carrying amount of fixed assets Based on regulatory current cost accounting
capitalised before 01/01/2006 [Old fixed assets]
+ Imputed carrying amount of fixed assets at historic cost capitalised after 01/01/2006 [New fixed assets] Based on inflation-adjusted historic cost accounting
+ Carrying amount of financial assets
+ Carrying amount of current assets
= Operating assets
- Tax portion of reserves subject to future taxation
- Operating liabilities (provisions)
- Interest-bearing debt
- Advances and contributions in aid of construction and building connection
= Regulated asset base
x Imputed carrying amount of old fixed assets
(Imputed carrying amount of old fixed assets + Imputed carrying amount of new fixed assets) = Quota regulated asset base for assets
capitalised before 01/01/2006
x Return on capital (currently 6.5%
electricity and 7.8% gas)
+
x Imputed carrying amount of new fixed assets
(Imputed carrying amount of old fixed assets + Imputed carrying amount of new fixed assets) = Quota regulated asset base for assets
capitalised after 01/01/2006
x Return on capital (currently 7.91%
electricity and 9.21% gas)
= Imputed return on capital
+ Imputed linear depreciation based on historic cost capitalised before 01/01/2006 x (1 - equity ratio) = Imputed depreciation of debt-financed capital assets
+ Imputed linear depreciation of current cost capitalised before 01/01/2006 x equity ratio = Imputed depreciation of equity-financed capital assets
= Imputed depreciation for assets capitalised before 01/01/2006 Regulatory current cost accounting
+ Imputed linear depreciation based on historic cost for assets capitalised after 01/01/2006 Inflation-adjusted historic cost accounting
= Depreciation for old and new fixed assets
+ Calculated Trade Tax
= Imputed cost including trade tax
+ Real debt expenses
+ OPEX (Cost of raw material, staff cost, maintenance, cost of other purchased material and services, overhead
allocated costs etc.)
= Cost (basis for grid fees)
*) General example. Mixture between current cost accounting and inflation-adjusted historic cost accounting.
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RWE Facts & Figures 2008
Electricity and Gas Prices in Germany: Legal Framework
Electricity prices Gas prices Electricity grid fees Gas grid fees
Eligible All customer groups All customer groups All customer groups All customer groups
customers
Authority in Cartel Authorities Cartel Authorities Generally, the federal network agency. Generally, the federal network agency.
charge
Under certain conditions, i.a. less than Under certain conditions, i.a. less than 100,000
100,000 customers connected to customers connected to network, the regulatory
network, the regulatory authorities of the authorities of the federal states.
federal states.
Initiation of Price adjustment depends on terms Price adjustment depends on terms of Cost plus regulation: submission of Cost plus regulation until end of 2008:
process of the respective contract, e.g. price the respective contract, e.g. price application six months before price submission of application six months before
revision clause. revision clause (e.g. price may be adjustment. price adjustment.
linked to standard light/heavy heating
fuel prices). As of 2009 incentive regulation: allowed As of 2009 incentive regulation: allowed
revenues will be fixed by respective revenues will be fixed by respective regulator.
regulator.
So far certain supraregional network operators
calculate tariffs according to benchmarking
principles instead of cost-plus or incentive
regulation mechanism.
Process In case of large commercial or In case of large commercial or Cost plus regulation: regulatory Cost plus regulation: regulatory authorities
industrial customers or re- industrial customers or re-distributors authorities check the applications check the applications against cost plus margin
distributors price adjust-ments price adjust-ments agreed on the basis against cost plus margin principles and principles and against efficiency benchmarks.
agreed on the basis of individual re- of individual re-negotiations or by against efficiency benchmarks.
negotiations. automatic adjustment according to As of 2009 incentive regulation: allowed
changes of prices for heavy heating oil As of 2009 incentive regulation: allowed revenues will be fixed by respective regulator
or other energy sources. revenues will be fixed by respective for regulation period of four years on the basis
regulator for regulation period of five of annual adjustments (i.a. adjustment
Prices for residential and small years on the basis of annual according to changes of consumer price
commercial customers are generally adjustments (i.a. adjust-ment according indexes and non-controllable costs).
adjusted by the supplier in line with to changes of consumer price indexes
price developments for light oil. and non-controllable costs).
Prices may be checked on ex-post Prices may be checked on ex-post and
and case by case basis by the case by case basis by the respective
respective cartel authority; since cartel authority; since January 2008
January 2008 special anti-trust special anti-trust provision for the
provision for the energy sector that energy sector that details and prohibits
details and prohibits the abuse of a the abuse of a dominant position: (i)
dominant position: (i) price gap price gap between suppliers on
between suppliers on comparable comparable markets or (ii) price
markets or (ii) price exceeds the exceeds the costs unreasonably.
costs unreasonably.
Final steps In case of supply of last resort In case of supply of last resort Publication of changes on websites and Publication of changes on websites and
(household and small commercial (household and small commercial information of customers by individual information of customers by individual letter.
customers): information on price customers): information on price letter.
changes at least 6 weeks before day changes at least 6 weeks before day of
of effectiveness (beginning of the effectiveness (beginning of the month);
month); information via individual information via individual letters, daily
letters, daily newspapers and newspapers and internet.
internet.
For all other customers: depends on For all other customers: depends on
individual contracts. individual contracts.
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RWE Facts & Figures 2008
Nuclear Power Plants in Germany: Remaining Capacities after Shut-Down
Power Plant Owner Chronological Capacity per Date of Remaining
order of power plant shut-down German
phase-out (load factor: 85%) capacity
MW after shut-down2)
21.397
Stade EON: 66.7% / Vattenfall 33.3% 1 640 11/14/2003 20,757
Obrigheim EnBW: 99.8% / Deutsche Bahn: 0.2% 2 340 05/11/2005 20,457
Neckarwestheim 1 EnBW: 99.8% / Deutsche Bahn: 0.2% 3 785 11/29/2009 19,672
Biblis A RWE 4 1,167 02/10/20101) 18,505
Biblis B RWE 5 1,227 07/13/20101) 17,278
Brunsbüttel Vattenfall: 66.7% / EON: 33.3% 6 771 01/08/2010 16,507
Isar 1 EON 7 878 08/07/2011 15,629
Unterweser EON 8 1,345 04/24/2012 14,284
Philippsburg 1 EnBW: 99.8% / Deutsche Bahn: 0.2% 9 890 06/02/2012 13,394
Grafenrheinfeld EON 10 1,275 05/15/2015 12,119
Gundremmingen B RWE: 75% / EON: 25% 11 1,284 05/21/2016 10,835
Grundremmingen C RWE: 75% / EON: 25% 12 1,288 03/02/2017 9,547
Krümmel Vattenfall: 50% / EON: 50% 13 1,346 07/01/2017 8,201
Philippsburg 2 EnBW: 99.8% / Deutsche Bahn: 0.2% 14 1,392 12/15/2018 6,809
Grohnde EON: 83.3% / SW Bielefeld: 16.7% 15 1,360 03/31/2019 5,449
Brokdorf EON: 80% / Vattenfall: 20% 16 1,410 03/08/2020 4,039
Isar 2 EON: 75% / SW München: 25% 17 1,400 04/19/2021 2,639
Emsland RWE: 87.5% / EON: 12.5% 18 1,329 04/14/2022 1,310
Neckarwestheim 2 EnBW: 99.8% / Deutsche Bahn: 0.2% 19 1,310 07/06/2023 0
1) Separate estimation for Biblis A and B, including extended inspection outages in 2009.
2) Inconsistencies are caused by increased power outputs of the remaining plants due to retrofits.
As of August 2008.
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RWE Facts & Figures 2008
The German Energy Industry Act: Unbundling in the German Energy Market
Legal Functional Accounting
unbundling unbundling unbundling
TSO1) Obligatory Obligatory Obligatory
Detailed rules to unbundle staff, Auditor’s certificate
equal treatment programme
DSO2) Obligatory plus separate balance sheets and profit
>100,000 and loss accounts must be disclosed
customers and sent immediately to the regulator
DSO2)
<100,000
customers
1) TSO = Transport System Operator.
2) DSO = Distribution System Operator.
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RWE Facts & Figures 2008
Shipments of Liquified Natural Gas (LNG) to Europe in 2007
in billion cubic metres/year
Turkey Spain Belgium France Greece Italy Portugal UK
Algeria 4.45 4.32 0.35 7.85 0.50 2.43 0.64
Egypt 0.08 4.04 1.21 0.31 0.16
Libya 0.76
Nigeria 1.42 8.33 3.78 2.31
Norway 0.07 0.07
Oman 0.12
Qatar 4.45 2.75 0.27
Trinidad & Tobago 0.06 2.09 0.07 0.06 0.39
Total 6.01 24.18 3.17 12.97 0.81 2.43 2.31 1.46
Source: BP Statistical review, June 2008.
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RWE Facts & Figures 2008
Present Capacity of Liquified Natural Gas (LNG) (2007)
in million tons/year
Existing Capacity under Total
capacity construction
Australia 20.2
North West Shelf 12.20 4.40
Darwin LNG 3.60
Brunei 7.2
Brunei LNG 7.20
Indonesia 29.1
Arun LNG 3.00
Bontang 18.50
Tangguh 7.60
Malaysia 24.0
MLNG 24.00
USA 1.5
Kenai 1.50
Peru 4.2
PLNG 4.20
Russia 9.6
Sakhalin 9.60
Nigeria 17.5
NLNG 17.50
Algeria 20.3
Skikda 2.80
Arzew 17.50
Egypt 12.7
ELNG 7.20
SEGAS 5.50
Libya 0.7
Marsa el-Brega 0.70
Trinidad and Tobago 14.5
Atlantic LNG 14.50
Equatorial Guinea 3.4
EGLNG 3.40
Norway 4.3
Snøhvit 4.30
Yemen 6.7
Yemen LNG 6.70
Oman 11.0
Oman LNG 7.30
Qalhat 3.70
Qatar 77.5
QatarGas 13.40 27.80
RasGas 19.00 17.30
Abu Dhabi 5.7
Adgas 5.70
Source: Gas Strategies, 2007.
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RWE Facts & Figures 2008
RWE Group Electricity Production by Region (2007)
in bn kWh
Germany UK Other international Total
Lignite 70.6 – 5.5 76.1
Nuclear 32.1 – – 32.1
Hard coal 55.9 15.1 – 71.0
thereof contracts 36.3 36.3
Gas 11.4 17.7 0.2 29.3
Renewable energies 4.0 0.8 0.4 5.2
thereof contracts 0.9 0.7 1.6
Pumped storage, oil, other 2.2 0.2 – 2.4
thereof contracts 1.8 1.8
Subtotal 176.2 33.8 6.1 216.1
Electricity purchases*) 61.3 23.7 23.2 108.2
Total 237.5 57.5 29.3 324.3
*) Net, excluding trading.
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RWE Facts & Figures 2008
RWE Group Power Plant Capacity by Region (2007)
in MW
Germany UK Other international Total
Lignite 10,041 – 714 10,755
Nuclear 6,295 – – 6,295
Hard coal 9,583 4,481 – 14,064
thereof long-term contracts 6,507 6,507
Gas 4,179 2,918 1 7,098
Renewable energies 804 325 219 1,348
thereof long-term contracts 135
Pumped storage, oil, other 2,490 2,483 – 4,973
thereof long-term contracts 2,126 2,126
Total 33,392 10,207 934 44,533
Back to Index
RWE Facts & Figures 2008
RWE's German Power Plant Portfolio (2007)
Power Plant Country Operating Commissioned Net RWE's legal RWE's Partner stake in
(Germany Company Capacity consolidation economic
unless stated) stake stake
MW % MW % MW %
Lignite
Frimmersdorf RWE Power 1957-1970 2,006 100.0 2,006 100.0 2,006
Neurath RWE Power 1972-1976 2,060 100.0 2,060 100.0 2,060
Niederaussem RWE Power 1963-1974 2,619 100.0 2,619 100.0 2,619
Niederaussem (BoA1) RWE Power 2003 931 100.0 931 100.0 931
Goldenberg RWE Power 1993, 1994 151 100.0 151 100.0 151
Weisweiler RWE Power 1955-1975 2,050 100.0 2,050 100.0 2,050
Berrenrath RWE Power 1939, 1993 52 100.0 52 100.0 52
Fortuna Nord RWE Power 54 100.0 54 100.0 54
Wachtberg RWE Power 1901, 1987, 1988 118 100.0 118 100.0 118
Total lignite 10,041 10,041 10,041
Nuclear
Biblis A RWE Power 1975 1,167 100.0 1,167 100.0 1,167
Biblis B RWE Power 1976 1,227 100.0 1,227 100.0 1,227
KKW Emsland RWE Power 1988 1,329 100.0 1,329 87.5 1,163 E.ON 12.5
Gundremmingen B RWE Power 1984 1,284 100.0 1,284 75.0 963 E.ON 25.0
Gundremmingen C RWE Power 1985 1,288 100.0 1,288 75.0 966 E.ON 25.0
Total nuclear 6,295 6,295 5,486
Hard coal
Ensdorf C RWE Power 1971 270 100.0 270 100.0 270
Gersteinwerk Werne Kv2 RWE Power 1984 600 100.0 600 100.0 600
GW Bergkamen A RWE Power 1981 684 100.0 684 51.0 349 Steag 49.0
Ibbenbüren RWE Power 1985 709 100.0 709 100.0 709
Rostock RWE Power 1991 508 24.6 125 24.6 125 Vattenfall, E.ON 75.4
Westfalen A-C RWE Power 1963, 1969 588 100.0 588 100.0 588
VSE Unit 1 RWE Energy 1963 106 69.0 95 100.0 95
Total hard coal 3,465 3,071 2,736
Gas
Emsland B, C RWE Power 1973, 1974 820 100.0 820 100.0 820
Gersteinwerk F - I RWE Power 1973 1,285 100.0 1,285 100.0 1,285
Gersteinwerk Werne Kv1 RWE Power 1984 112 100.0 112 100.0 112
Goldenberg Gas Motors RWE Power 2004 4 100.0 4 100.0 4
Weisweiler VGT G, H RWE Power 2006 498 100.0 498 100.0 498
Bochum RWE Power 2004 21 100.0 21 100.0 21
Dortmund RWE Power 2004 12 100.0 12 100.0 12
GuD Dormagen RWE Power 2000 326 100.0 326 100.0 326
GuD Dormagen RWE Power 2000 260 100.0 260 0.0 0 Bayer AG 100.0
Huckingen RWE Power 1975, 1976 366 100.0 366 100.0 366
Huckingen RWE Power 1975, 1976 214 100.0 214 0.0 0 Krupp-Mannesmann 100.0
LEW Aviko RWE Energy 2000 10 90.0 10 89.9 9 10.1
Süwag Gas RWE Energy 10 77.6 10 77.6 8 Municipal shareholders 22.4
enviaM (various) RWE Energy 207 100.0 207 100.0 207
Viersen & Krönig, Region Key RWE Energy 4 100.0 4 100.0 4
Account
Heidelberg RWE Innogy 13 100.0 13 100.0 13
BTB (various sites) RWE Innogy 17 51.0 17 51.0 9 49.0
Total gas 4,178 4,178 3,692
Oil
Scholven G (decommissioned) RWE Power 1974 100 50.0 0 50.0 0 RuhrEnergie 50.0
Großkayna (enviaM) RWE Energy 1994 119 100.0 119 100.0 119
Sermuth (enviaM) RWE Energy 1995 17 100.0 17 100.0 17
LEW Peissenberg (gas oil) RWE Energy 1987, 1990 11 50.0 11 50.0 6 E.ON 50.0
Total oil 247 147 141
Renewables wind (onshore)
RWE Innogy Wind (various sites) RWE Innogy 11 100.0 11 100.0 11
enviaM (various sites) RWE Energy 22 100.0 22 100.0 22
Windpark Westerwald (KEVAG) RWE Energy 15 57.5 15 57.5 9 42.5
Windpark Westerwald (GmbH) RWE Energy 3 24.8 3 24.8 1 75.2
Total renewables wind 51 51 43
Renewables hydro run-of-river
KW Laufwasser (various sites) RWE Power 12 100.0 12 100.0 12
Palzem Luxembourg RWE Power 5 50.0 5 50.0 2 State contract with Luxembourg 50.0
Saarwasser RWE Innogy 32 100.0 32 100.0 32
RADAG (various) RWE Innogy 80 78.0 80 78.0 62 RADAG 22.0
RWE Innogy Laufwasser RWE Innogy 247 100.0 247 100.0 247
(various sites)
LEW Wasser RWE Energy 165 various 153 various 153 Various shareholders
SÜWAG Wasser RWE Energy 17 77.6 17 77.6 13 Municipal shareholders 22.4
enviaM Wasser RWE Energy 9 100.0 9 100.0 9
Total renewables hydro run-of-river 566 554 531
Renewables other
Solar (various sites) RWE Innogy 1 100.0 1 100.0 1
Schöneweide RWE Innogy 5 51.0 5 51.0 2 49.0
(biomass / hard coal)
enviaM Malchin (biomass oil) RWE Energy 2003 11 100.0 11 100.0 11
Kehl (biomass wood) RWE Innogy 2003 9 75.0 9 75.0 6 25.0
Bergkamen (biomass wood) RWE Innogy 2006 20 100.0 20 100.0 20
Berlin-Neukölln (biomass wood) RWE Innogy 2005 20 100.0 20 100.0 20
Köpchenwerk (pump storage) RWE Power 1989 153 100.0 153 100.0 153
Total renewables other 218 218 214
Other
MHKW Karnap RWE Power 1987 33 100.0 33 100.0 33
MVA Weisweiler RWE Power 1996 30 100.0 30 100.0 30
SRS Ecotherm RWE Power 2003 1 100.0 1 100.0 1
Total other 64 64 64
Contractually secured plants
STEAG (hard coal) RWE Power 3,028 0.0 0 100.0 3,028*)
RuhrEnergie (hard coal) RWE Power 2,111 0.0 0 100.0 2,111*)
SaarEnergie (hard coal) RWE Power 811 0.0 0 100.0 811*)
Other hard coal RWE Power 557 0.0 0 100.0 557*)
Neckar (water run-of-river) RWE Power 29 0.0 0 100.0 29*)
Rhein-Main-Donau RWE Power 10 0.0 0 100.0 10*)
(water run-of-river)
Various other water run-of-river Switzerland RWE Innogy 96 0.0 0 100.0 96*)
sites
Kaunertal (pump storage) Austria RWE Power 160 0.0 0 100.0 160*)
Schluchsee (pump storage) RWE Power 870 0.0 0 100.0 870*)
SEO Vianden (pump storage) RWE Power 1,096 0.0 0 100.0 1,096*)
Total contractually secured plants 8,768 0 8,768
Total German capacity 33,894 24,620 31,716
*) Plants where RWE has a contractual right through long-term agreements to the generation.
Back to Index
RWE Facts & Figures 2008
RWE's UK Power Plant Portfolio (2007)
Power Plant Country Operating Commissioned Net RWE's legal RWE's Partner stake in
(UK unless stated) Company Capacity consolidation economic
MW % MW % MW %
Hard coal
Aberthaw B RWE npower 1971-1979 1,521 100.0 1,521 100.0 1,521
Didcot A RWE npower 1972-1975 1,940 100.0 1,940 100.0 1,940
Tilbury B RWE npower 1968-1975 1,020 100.0 1,020 100.0 1,020
Total hard coal 4,481 4,481 4,481
Gas
Great Yarmouth RWE npower 2001 380 100.0 380 100.0 380
Little Barford RWE npower 1994 635 100.0 635 100.0 635
Didcot B RWE npower 1996-1997 1,390 100.0 1,390 100.0 1,390
Total gas 2,405 2,405 2,405
Cogeneration (gas)
Millenium Inorganic Chemicals RWE npower 1995 16 100.0 16 100.0 16
Esso Fawley RWE npower 1999 135 100.0 135 100.0 135
Phillips Petroleum RWE npower 1999 55 100.0 55 100.0 55
Bridgewater Paper RWE npower 2000 58 100.0 58 100.0 58
BASF RWE npower 1997 81 100.0 81 100.0 81
Aylesford Newsprint RWE npower 1994 99 100.0 99 100.0 99
SCA Hygiene Products RWE npower 1999 7 100.0 7 100.0 7
Fort James RWE npower 1995 9 100.0 9 100.0 9
Whitegate Ireland RWE npower 1998 6 100.0 6 100.0 6
Dow Coming RWE npower 1998 27 100.0 27 100.0 27
Huntsman Tioxide RWE npower 2003 15 100.0 15 100.0 15
Lancaster University RWE npower 1994 2 100.0 2 100.0 2
Rhodia Oldbury RWE npower 1993 4 100.0 4 100.0 4
Total cogeneration (gas) 513 513 513
Oil
Littlebrook D RWE npower 1982-84 1,000 100.0 1,000 100.0 1,000
Fawley RWE npower 1969-70 968 100.0 968 100.0 968
OCGTs (gas oil, various sites) RWE npower 515 100.0 515 100.0 515
Total oil 2,483 2,483 2,483
Renewables wind (onshore unless stated)
Kirkby Moor RWE Innogy 1993 5 33.3 0 100.0 51) 2)
66.7
Taff Ely RWE Innogy 1993 9 33.3 0 100.0 91) 2)
66.7
Bryn Titli RWE Innogy 1994 10 33.3 0 100.0 101) 2)
66.7
2)
Carno RWE Innogy 1996 34 33.3 0 33.3 11 66.7
2)
Trysglwyn RWE Innogy 1996 6 33.3 0 33.3 2 66.7
2)
Windy Standard RWE Innogy 1996 22 33.3 0 33.3 7 66.7
2)
Llyn Alaw RWE Innogy 1997 20 33.3 0 33.3 7 66.7
2)
Novar RWE Innogy 1997 17 33.3 0 33.3 6 66.7
2)
Mynydd Gorddu RWE Innogy 1998 10 33.3 0 33.3 3 66.7
2)
Beinn Ghlas RWE Innogy 1999 8 33.3 0 33.3 3 66.7
2)
Lambrigg RWE Innogy 2000 7 33.3 0 33.3 2 66.7
2)
Bears Down RWE Innogy 2001 10 33.3 0 33.3 3 66.7
2)
Tow Law RWE Innogy 2001 2 33.3 0 33.3 1 66.7
1) 2)
Causeymire RWE Innogy 2004 48 33.3 0 100.0 48 66.7
Farr RWE Innogy 2006 92 33.3 0 100.0 921) 2)
66.7
Ffynnon Oer RWE Innogy 2006 32 33.3 0 100.0 321) 2)
66.7
North Hoyle (offshore) RWE Innogy 2003 60 33.3 0 100.0 601) 2)
66.7
Hameldon Hill RWE Innogy 2007 5 100.0 5 100.0 5
Burgar Hill RWE Innogy 2007 5 100.0 5 100.0 5
Total renewables wind 401 10 311
Renewables hydro run-of-river
npower Renewables (various sites) RWE Innogy 59 100.0 59 100.0 59
Total renewables hydro run-of-river 59 59 59
Total UK capacity 10,342 9,951 10,252
1) Plants where RWE has a contractual right through long-term agreements to the generation.
2) M&G Investment Management Limited, JPMorgan Investment Management Inc.
Back to Index
RWE Facts & Figures 2008
RWE's Other International Power Plant Portfolio (2007)
Power Plant Country Operating Commissioned Net RWE's legal RWE's Partner stake in
Company Capacity consolidation economic
MW % MW % MW %
Lignite
Mátra Hungary 1967 697 51.0 697 51.0 355 EnBW, MVM 49.0
Total lignite 697 697 355
Renewables wind (onshore)
Sirigo Portugal RWE Innogy 4 32.3 0 32.3 1 67.7
Bulgueira Portugal RWE Innogy 2 32.3 0 32.3 1 67.7
Energies Hauts Traits France RWE Innogy 12 100.0 12 100.0 12
Energies du Petit Caux France RWE Innogy 12 100.0 12 100.0 12
Acampo Armijo Spain RWE Innogy 18 100.0 18 100.0 18
EE de Muel Spain RWE Innogy 16 100.0 16 100.0 16
Grisel I Spain RWE Innogy 13 100.0 13 100.0 13
Grisel II Spain RWE Innogy 3 100.0 3 100.0 3
Los Labrados Spain RWE Innogy 24 100.0 24 100.0 24
Plana de la Balsa Spain RWE Innogy 24 100.0 24 100.0 24
Plana de Zaragoza Spain RWE Innogy 24 100.0 24 100.0 24
Danta Spain RWE Innogy 129 44.4 0 44.4 57 55.6
Aldehuelas Spain RWE Innogy 47 21.4 0 21.4 10 78.6
Total renewables wind 330 147 216
Renewables hydro run-of-river
Energies France France RWE Innogy 45 100.0 45 100.0 45
(various sites)
AERSA (various sites) Spain RWE Innogy 12 100.0 12 100.0 12
INVESTERG (various sites) Portugal RWE Innogy 16 100.0 16 100.0 16
Total renewables hydro run-of-river 72 72 72
Renewables other
AERSA (solar, various sites) Spain RWE Innogy 1 0.0 0 100.0 1
Nachod and others Czech Republic RWE Innogy 20 100.0 20 100.0 20
(biomass / lignite)
Total renewables other 21 20 21
Total other international capacity 1,120 936 665
Total capacity 45,356 35,507 42,633
Back to Index
RWE Facts & Figures 2008
RWE Power's Decommissioning Concept for Nuclear Power Plants
35 – 40% about 50% 10 – 15%
share of costs share of costs share of costs
5 – 7 years 10 – 12 years 2 – 3 years
Decommissioning
Nuclear dismantling Conventional dismantling/
Post operation phase Final disposal
(immediate, deferred) demolition
– Power production has ceased. – Dismantling of contaminated and – Decommissioning of buildings/ – Final disposal of
activated buildings/ components. components which are no longer decommissioning wastes
under legislation of the German
Atomic Energy Act (AtG).
– Technical infrastructure partly – Materials and waste managment
needs to be operated further for (treatment, conditioning).
some further period.
– Fuel elements meanwhile cool
down in pond storage to be
suitable for dry cask (CASTOR)
storage.
Back to Index
RWE Facts & Figures 2008
RWE’s German Electricity Grid (2007)
Length in km German market RWE RWE in %
Transport
(extra high voltage (380/220 kV)) 36,000 11,100 31
Distribution
high voltage (110 kV) 75,200 23,600 31
medium voltage (≤ 60 kV) 493,000 96,300 20
low voltage (≤ 1 kV) 1,067,100 206,550 19
Total 1,671,300 337,550 20
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RWE Facts & Figures 2008
RWE’s German Transmission Business (2007)
Grid length (380/220 kV) 11,100 km
Installed capacity in the control area 44 GW
Electricity transmitted 192 TWh
Number of schedule transactions per day 3,600
Grid customers (380/220 kV-grid) 76
Trader/balancing group supervisors 340
Effective demand 2007 (RWE control area including grid losses) 30,000 MW
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RWE Facts & Figures 2008
RWE Group Electricity Sales Volume (2007)
January – December
in TWh
Germany UK Poland Hungary Others Total
Private and commercial customer 28.2 22.3 3.3 5.9 0.7 60.4
Industrial and corporate customers 55.5 32.4 3.1 6.8 0.4 98.2
Distributors 72.5 0.8 5.2 0.8 79.3
Electricity trading
(net of electricity purchased from third parties) 68.5 68.5
Total 224.7 54.7 7.2 17.9 1.9 306.42)
1) Deviations from figures published in the 2006 annual report are a result of consolidated Group figures. These figures are not divisional figures.
2) Difference between electricity production and electricity sales volume due to grid losses, own consumption of lignite mines and pumping electricity.
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RWE Facts & Figures 2008
RWE Dea's Asset Resource Contribution (2007) – Discovered reserves + resources (C+S)
Discovered reserves + resources (C+S) in %
Egypt 36
Germany 23
Norway 15
Algeria 12
Libya 8
UK 5
Denmark 1
1) CIS = Commonwealth of Independent States.
2) Barrel of oil equivalent.
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RWE Facts & Figures 2008
RWE Dea's Asset Resource Contribution (2007) – Undiscovered (risked) resources (E)
Undiscovered (risked) resources (E) in %
Egypt 52
Libya 16
Norway 13
Algeria 6
Germany 5
Poland 4
UK 2
Netherlands 1
Denmark 1
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RWE Facts & Figures 2008
RWE Dea’s Key Performance Indicators
Indicators RWE Dea Worldwide Industry
Average1)
2002 – 2006 2002 – 2006
Reserve life (P90) years 11.4 13.9
Reserve replacement rate (P50)2) % 172.0 161.6
Reserve replacement costs (P50)2) $/bbl 4.5 8.4
Production costs2) $/bbl 4.7 7.0
1) Source: Herold Global Upstream Performance Review – 2007 Final Report.
2) Operational expenditures, 5-year average.
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RWE Facts & Figures 2008
Investment in Organic Growth: RWE Dea's Capex Plan per Region
in € million
2007 Average p.a.
2008 – 2011
Germany 60 approx. 100 Gas: further production wells and compression facilities
Oil: further production wells at offshore field Mittelplate
Storage: extension of storage capacity
Europe/CIS*) 235 approx. 200 UK: Southern North Sea
Denmark: Danish North Sea
Norway: Barents Sea; Norwegian Sea
CEE/Russia: new ventures
North Africa 210 approx. 550 Egypt: offshore Nile Delta
Libya, Algeria
RWE Dea 505 approx. 850
*) CIS = Commonwealth of Independent States (Soviet union succession states).
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RWE Facts & Figures 2008
RWE Group Gas Sales Volume (2007)
January - December
in TWh
Germany Czech UK Others Total
Republic
Private and commercial customer 24.6 32.6 46.2 6.9 110.3
Industrial and corporate customers 46.2 39.8 10.6 20.0 116.6
Distributors 93.4 14.7 – – 108.1
Total 164.2 87.1 56.8 26.9 335.0
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RWE Facts & Figures 2008
RWE Ranks Among the Top European Gas Players (2007)
RWE Dea RWE Energy RWE npower RWE Group
Gas reserves in oil equivalent in million m3 52 – – 52
Gas production in bn m3 3.2 – – 3.2
Storage capacity in bn m3 1.9 4.22) – 6.1
Pipelines in km (total)3) – 95,2005) – 116,405
Gas transport grid 7,7005)
– Germany 4,1005)
– Abroad 3,6005)
Gas distribution grid 87,5005)
– Germany 30,7005)
– Gas pressure regulation and metering station 2,850
– Connection points: end users and redistributors 783,000
– Abroad 56,8005)
Customers in millions – 7.6 2.7 10.3
Sales volume in bn kWh 20 259 56 335
External revenue in € bn 1.54) 8.3 1.8 10.7
1) Excluding RWE Supply & Trading.
2) Including potential extensions.
3) Share in German grid: Transmission System Operator 11%, Distribution System Operator 10%.
4) Including oil revenue.
5) Excluding connection lines.
