Reuters exclusively reveals German utility STEAG secures extra credit to weather volatile energy prices - Reuters News Agency
Business & FinanceEnergy

Reuters exclusively reveals German utility STEAG secures extra credit to weather volatile energy prices

Reuters exclusively reported that German utility STEAG has secured at least 100 million euros ($113 million) in extra funding to shield it from skyrocketing prices, as volatile energy markets force some companies to shore up their finances. STEAG, Germany’s fifth-largest utility, said it needed funding in the “low triple digit million euro range” due to price volatility, which it has secured from partners. 

Article Tags
Topics of Interest: Business & FinanceEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: The lignite (brown coal) power plant complex of German energy supplier and utility RWE is reflected in a puddle in Neurath, north-west of Cologne, Germany, February 5, 2020.    REUTERS/Wolfgang Rattay/File Photo
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