KLL: Another substantial contribution to Switzerland’s electricity supply

19.03.2025 - At their Annual General Meeting, the shareholders of Kraftwerke Linth-Limmern AG (KLL) approved the report and annual accounts for the 2023/24 financial year. During the reporting period, KLL once again made a substantial contribution to Switzerland's electricity supply.

In the 2023/24 financial year, the KLL power plants at Muttsee, Limmern, Hintersand and Tierfed produced around 1.6 billion kilowatt hours. This corresponds to the electricity consumption of around 410,000 four-person households.

The Annual General Meeting has confirmed the members of the Board of Directors Kaspar Becker, Jörg Huwyler (Chairman), Viktor Lir, Michael Schärli and Hans-Peter Zehnder (Vice Chairman) in their posts. Andrea Bettiga did not stand for re-election due to his upcoming resignation from the cantonal government of Glarus; the Annual General Meeting elected cantonal councillor Thomas Tschudi as his successor. The shareholders approved the payment of a dividend of 1.5 per cent (previous year: 2 per cent) of the share capital of CHF 350 million.

Kraftwerke Linth-Limmern AG is a partner plant of Axpo and the Canton of Glarus. Axpo holds 85 per cent of the shares, and the Canton of Glarus holds 15 per cent.

Axpo Holding AG

Corporate Communications

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