PreussenElektra (Preußische Elektrizitäts AG) was a German electric company that existed from 1927 to 2000. From its founding until around 1970 it was owned (directly or indirectly) by the Republic of Prussia and the Federal Republic of Germany. From 1929 until 2000 it was a subsidiary of Veba. PreussenElektra was founded in 1927 with headquarters in Berlin and operated two thermal power stations Borken in Hesse and Ahlem in Hanover and eight hydroelectric stations.