EU Begins Probe Of France's Electricity Sector

Law360, New York (June 13, 2007, 12:00 AM EDT) -- The European Commission said Wednesday that it had opened a formal investigation into whether the French power industry benefited from artificially low electricity prices.

Among other things, the Commission will assess whether certain electricity tariffs constituted state subsidies and whether that aid unfairly hurt trade and competition within the European Union.

“The state financing of certain companies' electricity costs could distort competition between European industries and prevent consumers from fully enjoying the benefits of the single market,” said Neelie Kroes, the European Commissioner for Competition....
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