EU Parliament OKs Energy Unbundling Compromise

Law360, New York (April 22, 2009, 12:00 AM EDT) -- The European Parliament has officially approved a compromise with European member states on unbundling gas and electricity production and transmission, giving member states alternatives to complete unbundling while securing new protections for consumers.

The Parliament announced Wednesday that its members backed the compromise by a “large majority.” Member states will have about 18 months to put it into effect, the Parliament said.

“The wide-ranging rules adopted by Parliament also improve consumer rights, strengthen the powers of national regulators and promote regional solidarity in the event of...
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