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March 11, 2008 The Czech Republic-based CEZ Group and Red Eléctrica de España today were named winners of the EEI International Utility Award, which recognizes the most outstanding stock performance by European utilities in both large-cap and small-cap categories over a three-year period.
The international awards, presented at the Edison Electric Institute's 9th International Utility Conference, are based on peer-group analysis that values total return among 31 European electric utilities over a three-year period ending December 31, 2007. The award, in its second year, is designed to mirror the U.S.-based EEI Index Award, which since 1998 has recognized the large- and small-cap U.S. electric utilities posting the best total returns.
CEZ Group was the top ranking large-cap company for the second consecutive year. The company's 422-percent total return also was the highest among all European companies. Fortum Oyj was the next highest large-cap with a return of 277 percent.
Red Eléctrica de España was the top ranking small-cap company with a total return of 203 percent. ACEA, the 2007 EEI small-cap winner, was the second-place finisher among small-cap electric utilities with a return of 115 percent.
View all EEI Energy News.
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