E.ON
bounced
back
to
profitability
in
2012,
reporting
a
net
income
of
€2.6bn
($3.4bn)
compared
to
a
deficit
of
€1.86bn
last
year,
when
it
was
crushed
by
falling
European
power
prices
and
the
impact
of
Germany’s
decision
to
phase
out
nuclear
energy
within
a
decade.
Yet
despite
emphasising
its
aggressive
plans
to
consolidate
its
business,
E.ON dynamited
recent
press
reports
suggesting
it
may
spin
off
its
renewables
division.
Renewables,
E.ON
insists, “will
remain
a
big
part
of
our
future”
and
are
"already
making
a
substantial
contribution
to
our
earnings".
That
commitment runs
counter
to
that
of…
