RWE pays $4.1 billion for control of German power pipes

RWE is spending $4.1 billion to buy a bigger stake in Amprion, the company that owns and runs Germany's electricity transmission lines. The deal locks in predictable, government-regulated returns. As the country builds more wind farms and data centers needing power, owning the pipes gives RWE control—a rare advantage in a market where most power producers have no say in how their electricity reaches customers.