 According to the German Electricity Agreement of August 22, 1990, PreussenElektra and RWE got 35% each and Bayernwerk 30% of the East-German holding company, which had subsidiaries "Vereinigte Kraftwerks AG Peitz" and "Verbundnetz Elektroenergie AG".In 1991 these two companies were merged to form "Vereinigte Energiewerke AG" (VEAG).After the merger of VEBA, the parent company of PreussenElektra, and VIAG, the owner of Bayernwerk, in 2000, PreussenElektra merged with Bayernwerk to form E.ON Energie, a subsidiary of E.ON.