EU Parliament OKs Full Unbundling In Power Market

Law360, New York (June 18, 2008, 12:00 AM EDT) -- The European Parliament adopted a controversial plan to fully separate energy production and transmission, voting on Wednesday in favor of a provision that includes even tougher requirements for the electricity industry than those laid out by the European Commission's original proposal.

The parliament's 449-204 vote rejected the compromise “third way” proposal that the European Council, made up of member states, put forward on June 6, which would have created an “independent system operator” and an “independent transmission operator” instead of implementing full-scale ownership unbundling.

Instead, the...
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