Releases - Fortum

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Invitation to press and telephone conferences on 24 April 2008

4/17/2008 7:44 AM EST
PRESS RELEASE
The interim report of Fortum Group for January-March 2008 will be published on 24 April 2008, at about 9 a.m. Finnish time (7 a.m. UK time).

A press conference (in Finnish) will be arranged at 11.00 a.m. Finnish time in the auditorium of our head office, Keilaniementie 1, Espoo. The press conference will be webcasted and available on our website. A buffet lunch will be served after the press...

Finnish Competition Authority appeals to the Supreme Administrative Court on the...

4/17/2008 2:41 AM EST
Stock Exchange Release
The Finnish Competition Authority has appealed to the Supreme Administrative Court on the Market Court’s ruling of 14 March 2008 concerning the conditions of Fortum’s E.ON Finland acquisition. In their ruling, the Market Court stated that the Finnish Competition Authority had no grounds for setting conditions to the acquisition. The conditions, set in June 2006, have already been...

Renewable energy must be supported in an efficient manner

4/16/2008 7:42 AM EST
PRESS RELEASE A Nordic-wide green certificate scheme for supporting renewable-based electricity production could save EUR 1 billion, or 25%, annually, compared to national schemes. By utilising the resources in a more efficient manner, increasing renewable-based electricity production would be cheaper, thus lowering the needed support ultimately paid by taxpayers or electricity customers.

Fortum's Environmental Impact Assessment report for the third nuclear power plan...

4/3/2008 5:39 AM EST
PRESS RELEASE Today, 3 April 2008, Fortum submitted to the Ministry of Employment and the Economy the Environmental Impact Assessment (EIA) report for a new, 1,000-1,800 MW nuclear power plant unit (Loviisa 3) to be built on Hästholmen island in Loviisa. The EIA indicates that a new nuclear power plant unit can be built on Hästholmen island. After the Ministry issues its statement, Fortum will make decisions...

FORTUM CORPORATION’S BOARD COMMITTEES

4/1/2008 10:17 AM EST
Stock Exchange Release
Fortum’s Board of Directors has elected, from among its members, Peter Fagernäs (Chairman), Esko Aho, Matti Lehti and Marianne Lie to the Nomination and Compensation Committee.

Furthermore, the Board elected Birgitta Johansson-Hedberg (Chairman), Ilona Ervasti-Vaintola and Christian Ramm-Schmidt to the Audit Committee.


Fortum Corporation
Maria Romantschuk
Senior Vice...

DECISIONS BY THE ANNUAL GENERAL MEETING OF FORTUM

4/1/2008 10:16 AM EST
Stock Exchange Release
DECISIONS BY THE ANNUAL GENERAL MEETING OF FORTUM

Fortum Corporation’s Annual General Meeting, which was held in Helsinki on 1 April 2008, adopted the financial statements of the parent company and the Group for 2007, discharged Fortum's Supervisory Board, Board of Directors and the President and CEO from liability for 2007, and decided to pay a dividend of EUR 1.35 per share for 2007....

Fortum’s electricity market review 19 March 2008

3/19/2008 5:02 AM EST
Fortum publishes a current electricity market review once or twice a year. Topics covered in the review include price development on the Nordic power market and factors influencing the development.
Summary:

- The Nordic wholesale prices have increased compared to last year – but not as much as was expected. Lower then expected prices are mainly due to strong hydrological situation and warm weather.

-...

Fortum shares subscribed for with share warrants

3/17/2008 3:43 AM EST
The following Fortum shares, subscribed for with Fortum Corporation's share warrants and paid to the company, will be traded on the Main List of the Helsinki Stock Exchange starting on 18 March 2008, together with the old shares.

Name of scheme Subscription period Quantity
Share Option Scheme 2002B for key employees 24 January 2008 -
10 March 2008 186,933

The increase in share capital resulting from the...

Fortum’s share in Russian TGC-10 approximately 76%

3/14/2008 4:56 AM EST
The Russian territorial generating company TGC-10 has today confirmed subscriptions in the company’s share issue. The share issue was almost fully subscribed by Fortum at RUB 111.8 per share. Fortum announced that it will participate in the share issue on 29 February 2008, when it won the share auction over a 29% stake in TGC-10.

The total value of Fortum’s subscription, and that of the entire share issue, was...

The Market Court: Fortum not in a dominant market position

3/14/2008 3:21 AM EST
The Market Court decision today has overruled the conditional decision given by the Finnish Competition Authority in June 2006 on the acquisition of E.ON Finland. In the decision, the Finnish Competition Authority set conditions for the completion of the acquisition. The conditions have already been fulfilled by Fortum.

In their ruling, the Market Court stated that the Finnish Competition Authority had no...

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Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver e...

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