Západoslovenská energetika, a.s. (ZSE) is a Slovak utility company based in Bratislava. Its main objective is to sell and supply electricity to end customers. In 2002 it became a member of the E.ON Group. On 1 July 2007, electricity distribution and trade became independent services provided by respective subsidiaries. Západoslovenská distribučná, a.s. and ZSE Energia, a.s., are 100% subsidiaries of ZSE. The first power plant in Slovakia launched its operation in 1884 in the S. Ludwig mill in Bratislava. The establishing General Meeting of Západoslovenská elektrárna took place on 20 December 1921. The company acquired its legal form on 1 June 1922. It was transformed into a joint-stock company in 2001 within the preparations for privatisation. Representatives of the Slovak government and the German E.ON Energie Group based in Munich signed an agreement on transferring a 49% share in ZSE to E.ON Energie at a price of EUR 330 million on 19 November 2003, by which the privatisation was concluded. Under European legislation aimed at ensuring non-discriminative conditions on the energy market, in 2007 a legal unbundling of the company took place, resulting in the establishment of ZSE Energia, a.s. as an energy trader and ZSE Distribúcia, a.s., later renamed to Západoslovenská distribučná, a.s., as an independent distribution system operator. More information...
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