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November 03, 2008| Amsterdam- Good result in first 9 months despite poorer third quarter
The third quarter saw significant value decreases in commodity positions (fair value movements), caused by falling commodity prices. The trading results also decreased, causing a decrease in the gross margin. In addition, the third quarter of 2008 showed a lower margin on the generation of electricity, lower production and increased purchasing costs compared to the third quarter of 2007. The reported net loss came to EUR 2 million (EUR 179 million/2007). Despite this, the nine months net profit of EUR 686 million was still slightly higher than the outstanding 2007 results (EUR 665 million). The operating expenses increased due to growth in activities, strategic processes including unbundling and the revaluation of an investment connected with the credit crunch and the formation of a provision in this connection.
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August 04, 2008| Amsterdam- Good second quarter for Nuon
Nuon’s net profit in the second quarter of 2008 was substantially higher than in the same quarter in 2007. This was attributable above all to higher trading results and other fair value movements, which were influenced by the sharp increase in commodity prices. The decisive factors in this quarter were the completion of the organisational unbundling, the acquisition of a share in gas fields and the decision to search for an international partner for Nuon's production and supply company. Net profit in the first half of 2008 amounted to EUR 687 million (2007: EUR 486 million).
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July 31, 2008| Amsterdam- Joint venture for largest offshore wind farm in Belgium
Nuon is forming an alliance with Electrawinds and C-Power Holdco to develop the biggest wind farm off the Belgian coast. Nuon and its partners have lodged an application, under the name of Seal, for a location at Noordhinder, about 45 km from the coast. This concession application was published yesterday in the Belgian Government Gazette.
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May 14, 2008| Amsterdam- Market conditions hold down Nuon first-quarter profit
In the first quarter of 2008, lower margins on electricity generation, a decline in trading results and higher purchasing and operating costs, including marketing costs, led to lower results in comparison with the first quarter of 2007.
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May 09, 2008| Amsterdam- Nuon puts a temporary halt to construction
Nuon is temporarily stopping the construction of the Nuon Magnum power plant in Groningen. The permit granted by the Ministry of Agriculture, Nature and Food Quality (LNV) has been suspended by the Council of State for procedural reasons.
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April 29, 2008| Amsterdam- Nuon auctions gas storage capacity for German market
In May this year Nuon will become the first Dutch energy company to auction ‘packages’ of gas storage capacity for the German market. Nuon is offering the packages via store-x, an internet platform for secondary trading in gas storage capacity.
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February 18, 2008| Amsterdam- Nuon launches Nuon Energy Transition Fund
Nuon is launching the Nuon Energy Transition Fund today: an investment fund for energy-related technologies in development. The fund will focus on projects that support either the transition from fossil fuels to alternative energy sources or more efficient energy consumption. The investment fund will start out at EUR 40 million.
