Tag: budget

Tweet RWE (Rheinisch-Westfälischen Elektrizitätswerk) is one of the largest electrical power companies in biggest soft coal (aka dirt or lignite) mining operations in the world.  It is also home base for Fritz Varenholt , one of Germany’s most active solar fans (nonono, not wind energy, he don’t like that or solar power either, but the sun, the sun, not greenhouse gases are the thing for Fritz).  Anyhow RWE is in big trouble because of the Energiewende, folks are not paying as much for what they make because they are using less of it and RWE is deep into coal and gas power generators. Germany and operators of one of the largest lignite (brown coal, aka dirt) mines in the world The Sueddeutsche brings news of a major reorganization typical of a failing concern that had overexpanded in the fat times.  Many of the 100 formerly more or less independently operating subsidiaries, with their own boards, are being hovered up into 32 and what is left will be directly controlled by the mothership. The command module will, of course, expand.  The large pink elephant of a headquarters building has been sold off, from which bunnies gather that they are turning stuff into cash as fast as they can.