SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December, 2002
E.ON Corp.
(Translation of Registrants Name Into English)
E.ON AG
E.ON-Platz 1
D-40479 Düsseldorf
Germany
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Press Release
December 20, 2002
E.ON Group to invest 14.2 billion in 2003-2005
The E.ON Group plans to invest 14.2 billion over the next three years. The Supervisory Board of Düsseldorf-based E.ON AG approved the planned capital expenditures at its meeting yesterday.
At 11.1 billion, the majority of investments will be on fixed assets. Investments in financial assets will be aimed primarily at shareholdings that strengthen E.ON Energies existing market positions. Not included in the investment plan is additional expansion in Continental Europe and the U.S. in line with E.ONs growth strategy.
E.ONs core energy business will receive about three quarters of the groups total investments. E.ON Energie will invest a total of 8.0 billion during the next three years, of which 5.7 billion is earmarked for fixed assets, primarily power transmission and distribution networks. Powergens capital spending will total 2.5 billion, which will be divided about equally between fixed asset investments in the U.K. and the U.S.
E.ON will invest approximately 2.8 billion in its Chemicals Division and about 1.0 billion in its Real Estate Division, thereby enabling its non-core businesses to also achieve appropriate growth.
The total volume of investments can be fully financed by divestment proceeds anticipated during the planning period. E.ONs operating cash flow will markedly improve its net financial position, giving it considerable financial flexibility to fund major strategic acquisitions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned, thereunto duly authorized.
E.ON AG | ||||
Date: December 20, 2002 | By: | /s/ Michael C. Wilhelm | ||
Michael C. Wilhelm Senior Vice President Accounting |