"In a strategy approved by the utility's advisory board yesterday, E.ON [Germany's biggest utility] is preparing to split into two separate companies sometime next year. The new (as-yet-unnamed) company will take on the company's coal, gas and nuclear assets, as well as its trading business and hydropower plants.
"Once the spinoff is complete in 2016, E.ON will focus exclusively on renewable energy, energy efficiency, digitizing the distribution network and enabling customer-sited energy sources like storage paired with solar. The reformed utility will be active in Europe, North America and Turkey."
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