E.ON says it is sticking to its plans to spin off its conventional power operations, after posting a record net loss in the first nine months of 2015 on the back of weak wholesale power and commodity prices, reports Christoph Steitz for Reuters. Steitz says this suggests the group sees few alternatives to cope with an industry crisis that has cost it more than 80 percent in market value since 2008. "We remain confident that we can stay on our ambitious timetable," Chief Executive Johannes Teyssen wrote in a letter to shareholders. E.ON said net losses after nine months stood at 6.1 billion euros, mainly due to impairment charges of 8.3 billion euros.