TITLE

Eon to dispose of grid in cartel probe deal

AUTHOR(S)
Jones, Simon
PUB. DATE
December 2008
SOURCE
Utility Week;12/5/2008, Vol. 29 Issue 29, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the European Commission to stop its investigation into an electricity cartel involving Eon. Such decision came after the company pledged to sell 4,800 megawatts of generation capacity in Germany and divest its high-voltage power grid. Competition commissioner Neelie Kroes explained that the deal will change the landscape of German electricity markets, as well as expand competition and customer choice.
ACCESSION #
36888724

 

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