About VERBUND

VERBUND AG generates, trades and sells electricity to market participants from energy exchanges, traders, energy supply companies and industrial companies, as well as household and commercial customers. The company also trades and sells gas to market participants from energy exchanges, traders and household customers; and provides energy-related services. Furthermore, the company operates the Austrian transmission grid through Austrian Power Grid AG (APG) and holds equity interests in foreign and domestic energy supply companies. Segments The company operates through Renewable Generation, Sales, Grid, Energy Services, Thermal Generation, Equity Interests and Services segments. Hydropower and wind generation technologies are brought together under the Renewable Generation segment. The Sales segment comprises all trading and sales activities. The Grid segment comprises all activities of APG. The new services for the electricity market of the future (convenience services, energy optimization and electro mobility) are reported under the Energy Services segment. Electricity and heat generation from coal and gas are reported under the Thermal Generation segment. The primarily intra-Group business activities of VERBUND Services GmbH are reported under the Services segment. Interests accounted for using the equity method which have not been allocated to any other segment are reported under the Equity Interests segment. This comprises the equity interest in KELAG-Kärntner Elektrizitäts-Aktiengesellschaft. The Energy Services, Thermal Generation, Equity Interests and Services segments have been combined in the ‘All Other segments’ category. In 2016, the company’s electricity from hydropower came from 93 run-of-river power plants and 22 storage power plants. The company also held purchase rights to 12 run-of-river power plants owned by Ennskraftwerke AG. As of December 31, 2016, the maximum electrical capacity (maximum capacity for sustained operations) of electricity generation from hydropower was 8,212 MW. The company operates approximately two thermal power plants at the Mellach site with maximum electrical capacity amounting to a total of 1,094 MW as of December 31, 2016. APG is responsible for the operation of the Austrian transmission grid. With wind power plants in Austria, Germany and Romania, the company has 418 MW of installed capacity from wind power at its disposal in three countries. The company’s wind power plants are able to supply climate-friendly electricity to approximately 280,000 households. History The company was founded in 1947. It was formerly known as Osterreichische Elektrizitatswirtschafts-Aktiengesellschaft and changed its name to VERBUND AG in 2010.