Unbundling May Harm E.U. Energy Firms: Exec

Law360, New York (March 5, 2007, 12:00 AM EST) -- European energy companies should have more time to open markets before regulators move forward with proposals to quell anti-competitive practices in the energy sector through unbundling, according to a senior industry executive.

Jochen Weise, a board member of Germany's E.On Ruhrgas, told the Guardian on Monday that the European Union needs to protect its most powerful energy companies in order to be able to compete with global players such as ExxonMobil, Shell, and British Petroleum.

Weise said the E.U. is becoming more dependent on imports, especially...
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