Potsdam: Dispute over co-determination between Edis and municipal utilities

The court, on the other hand, argued that important corporate decisions must also reflect the distribution of risk and majority relationships. Therefore, the shareholders’ meeting is the central decision-making body, said the judge. Supervisory boards advise and examine and are generally not bodies that make important business decisions. Edis stated that in order to protect the minority shareholder, greater co-determination of the supervisory board was anchored in the articles of association.

The EWP wants to make huge investments for the heating transition and will take out a loan of around 375 million euros. Edis complained that these decisions on the heat transition had not been sufficiently taken into account. A total of around 1.3 billion euros will flow into the EWP’s climate-friendly conversion of electricity, heat and water supplies to renewable energies.