U.K., Spain Urge EC To Bust Up Energy Giants

Law360, New York (June 26, 2007, 12:00 AM EDT) -- Eight European countries have expressed their support for the European Commission's plan to break up large energy companies, sending a letter to regulators urging them to continue opening energy markets, according to reports.

The Financial Times reported on Monday that the energy minister of Denmark, with the support of the U.K., Spain, the Netherlands, Belgium, Sweden, Finland and Romania, sent a letter to European Union Energy Commissioner Andris Piebalgs and Competition Commissioner Neelie Kroes that offered support of the Commission's proposal for reforming energy markets in...
To view the full article, register now.