15 March 2010
Fortum receives the EEI International Utility Award for long-term financial
Fortum Corporation was given the Edison Electric Institute (EEI) International
Utility first place award in the large-cap category today, 15 March 2010. The
award recognises the most outstanding stock performance by European utilities.
The award is based on peer group analysis that values total return among 23
European electric utilities. For the three-year period ending 31 December 2009,
Fortum was the top ranking large-cap company with a total return of 5.4%.
“It is an honor to receive an award in something that is the very purpose of
being a public, listed company - shareholder value creation. We will continue to
do our utmost to create value to our shareholders also in the future,” says
Tapio Kuula, President and CEO of Fortum Corporation.
The Edison Electric Institute (EEI) is the association of U.S. Shareholder-Owned
Electric Companies. Its members serve 95% of the ultimate customers in
the shareholder-owned segment of the industry, and represent approximately 70%
of the U.S. electric power industry. While 2010 is the fourth year of
the International Utility Award, the U.S. EEI Index Award has been awarded since
1998 and receives a great deal of attention from financial investors and
Mika Paloranta, Vice President, Investor relations, tel. +358 50 452 4138