Reuters exclusively reveals German utility STEAG secures extra credit to weather volatile energy prices

Reuters exclusively reported that German utility STEAG has secured at least 100 million euros ($113 million) in extra funding to shield it from skyrocketing prices, as volatile energy markets force some companies to shore up their finances. STEAG, Germany’s fifth-largest utility, said it needed funding in the “low triple digit million euro range” due to price volatility, which it has secured from partners.