E.ON Plans Closing Three Natural Gas Plants, FT Deutschland Says

EON AG plans to close three natural gas plants in southern Germany in 2013 and 2014 even though power shortages are foreseeable, Financial Times Deutschland reported, without saying where it got the information.

Irsching 3 in Bavaria and Staudinger 4 in Hesse, which have a combined capacity of 1037 megawatts, will be closed next year and Franken 1 in in the city of Nuremberg with a capacity of 383 megawatts will shut down the year after that, the German newspaper said. The Bavarian economy ministry confirmed plans to close plants, while not commenting on individual generators, according to FTD.

In a report to the Federal Network Agency, E.ON cited the plants as not being economical and is thus seeking compensation that would exceed revenue from selling the electricity, FTD said. The generators would then be made available to run in emergencies, the newspaper said.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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