EU OKs Antitrust Deal For Electricite De France

Law360, New York (March 17, 2010, 2:06 PM EDT) -- The European Commission signed off on competition commitments from Electricite de France Wednesday, resolving the antitrust regulator's concerns that the French electricity giant had used its contracts with industrial customers to block rivals from the wholesale market.

Under the terms of its offer, EDF will guarantee that a "significant number" of customers have the freedom to contract with other suppliers each year. The company has also agreed to stop barring its customers from reselling electricity bought from EDF and will help them with the resale if...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.