The slow death of Europe’s utility icon

German utility company RWE AG has fallen victim to the country's energy policy shifts of the past decade. But the structure of the policies means RWE's sacrifice will likely be for nothing.

Over the past decades, being a shareholder in Rheinisch-Westfälisches Elektrizitätswerk AG, one of Europe’s largest utility companies, was a pleasurable thing. Recessions and upswings came and went, but one thing was certain: each financial year, RWE would post a decent profit.

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