Raids, Warnings As E.U. Pushes Energy Competition

Law360, New York (December 12, 2006, 12:00 AM EST) -- European Union antitrust regulators are putting pressure on the 25-nation bloc’s energy companies to unify disparate national energy markets, raiding German electricity companies on Tuesday and sending 16 countries written warnings on Sunday.

Antitrust authorities from the German government and the European Commission showed up unannounced at several German electricity companies Tuesday, looking for evidence of violations of the E.C. Treaty’s rules forbidding restrictive business practices and abuse of market power.

The Commission called the raids a preliminary step in a probe into suspected anti-competitive behavior....
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