VEBA AG (originally from Vereinigte Elektrizitäts und Bergwerks Aktiengesellschaft or "United Electricity and Mining Corporation") was a German state owned energy company. VEBA was founded in 1929 as a holding company owned by the state of Prussia, and was privatized in 1965. In December 1982, VEBA signed a cooperation agreement with the Petróleos de Venezuela (PDVSA) for the establishment of a Joint Venture . VEBA became a part of E.ON in 2000.