EU Revisits EDF Tax Aid Probe After Nixing Of €1.2B Penalty

Law360, New York (May 2, 2013, 6:32 PM EDT) -- The European Commission said Thursday it has reopened an investigation to consider whether Electricite de France SA received illegal state aid, a move that comes after a court threw out an earlier commission order forcing EDF to return €1.2 billion ($1.6 billion).

The EC said in a statement it will look into certain tax measures granted to EDF by France's government, in light of a European Union court decision that overturned an earlier finding that EDF had improperly benefited from state aid, and ordered the company...
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