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....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.