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Spain Gets Temporary OK For Coal Aid Plan

Law360 (February 18, 2011, 6:23 PM EST) -- A European Union court has sided with Spain in its appeal of an injunction barring the country from helping its coal industry by forcing some utilities to buy more expensive domestic coal instead of cheaper imports.

The president of the EU's General Court said Thursday that the electric companies challenging the decision — which include Gas Natural Fenosa SDG, Iberdrola SA and Endesa SA — had not shown that allowing the state aid scheme to take effect would cause them immediate harm. Still, the court expressed...
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