Law360, New York (May 04, 2006, 12:00 AM ET) -- The European Commission said Thursday that it has charged a number of makers of heavy electrical equipment for price-fixing and working in an alleged cartel.
The Commission said in a statement that it suspects that the firms fixed prices for gas-insulated switchgear and shared contracts, thereby restricting competition and violating European Commission treaty rules.
Gas-insulated switchgear is a type of heavy electricity equipment that is used to control energy flow in electricity grids. It uses sulfur hexafluoride gas to insulate its conductors and circuit breakers, and...
E.C. Charges Heavy Electrical Equipment Cartel
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