It's been an interesting couple of years for German utility giant E.ON (OTC:EONGY),
and "interesting" is almost never a good thing for a utility. Not only
has the company had to deal with the German government's decision to
phase out nuclear power, but the economic and regulatory environment in
Europe has been slipping around as though trying to walk on ball
bearings. Nevertheless, the company's commitment to expand its
unregulated and emerging market businesses offers the hope of more
growth, though investors may question the likely returns on that growth.