Europe’s
largest
investor-owned
power
utility
has
reported
a
dramatic
financial
turnaround
since
late
2011
–
when
it
was
hit
with
charges
related
to
Germany’s
nuclear
phase
out
–
and
has
raised
its
full-year
sales
and
earnings
guidance.
However,
much
of
the
immediate
turnaround
is
linked
to
a
recent
deal
it
hammered
out
with
Russia’s
Gazprom
that
will
see
E.ON’s
gas
bill
slashed
retroactively
to
late
2010,
boosting
its
first-half
revenues
23%
to
€65.4bn
($80.4bn)
compared
to
the
same
period
last
year.
E.ON
raised
its
full-year
guidance
on
net
income
to
€4.1bn-€4.5bn,…
