- The price increases will take effect on Monday.
- Additionally, E.ON plans to raise electricity prices by 16% and gas prices by 26%.

Other headlines for [EOA.GE]

• EOA.GE 11/18/2008 10:13am
  E.ON AG €7.5B credit line is oversubscribed to €9B
  
• EOA.GE 11/17/2008 04:22am
  E.ON AG Reportedly planning two-year euro benchmark bond at swaps +1.5 to +1.7- Note: E.ON is rated A by Standard & Poor's, A+ by Fitch Ratings and A2 by Moody's Investors Service.
  
• EOA.GE 11/12/2008 07:38am
  E.ON AG CEO: Considering selling unit Thuega, examining future of unit -conf call- No decision has yet to be reached - Notes that now is not the time to increase debt by repurchasing stock - Firm has more...
  
• EOA.GE 11/12/2008 05:59am
  E.ON AG Reports Q3 Net €100M v €1.23Be, Rev €19.25B v €15.93Be; FY outlook remains unchanged- 9-month adj EBIT €1.94B v €1.86Be - 9-month Rev €60.5B v €49.4B y/y - Realized FX losses of €3.83B
  
• EOA.GE 11/11/2008 03:42am
  E.ON AG German Federal Court upholds ruling halting combination with German Municipal Utility Eschwege- Court stated that no appreciable competition between E.On and RWE - Court says further muni purchases more...
  

Utilities sector headlines

• NG.UK Today 02:52am
  National Grid PLC CEO Holiday: Debt may rise by £1B by end of March -conf call- UK national gas storage currently 'full to the brim' - Firm has been able to access credit markets - Interest payments are +10-15 bps more...
  
• NG.UK Today 02:02am
  National Grid PLC Reports H1 Pretax £558M v £659Me; Rev £6.07B v £5.58Be; guides FY08/09 in line with prior expectations- Net financing costs at £524M, +86% y/y - Interim div increased to 12.64P v 11.70P previous more...
  
• SPN.AU Yesterday 04:32pm
  SP Ausnet Reports H1 EPS A$0.79 v A$2.91 y/y, Sales A$635.5M
  
• CV Yesterday 04:04pm
  Central Vermont Public Service Corp Prices 1.19M secondary shares at $19.00 (in line with the rumored price)- Note: This is 11.5% of co.'s shares outstanding
  
• UNF.SP Yesterday 08:10am
  Union Fenosa Targets 10% of Portugal liberalized power market