German Energy Cos. Accused Of Price-Fixing

Law360, New York (November 5, 2007, 12:00 AM EST) -- Germany's antitrust watchdog said Monday that the European Union had found evidence that some of the country's largest utilities colluded to keep electricity prices high.

Bernhard Heitzer, president of the Federal Cartel Office said that a yearlong probe had found “strong indications” of price fixing by power companies E.On AG, RWE AG, Vattenfall Europe AG and EnBW Energie Baden-Wuerttemberg AG between 2003 and 2006.

The EU is still deciding whether there is enough evidence to bring charges against the four big utilities, which currently control 80%...
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