ECJ AND EU COUNCIL SET PRECEDENTS OVER UTILITY FINANCIAL ARRANGEMENTS
July 1st, 2007
BY KEITH NUTHALL EUROPEAN Union (EU) ministers and judges set important precedents affecting the financial arrangements of utilities last week. The European Union (EU) Council of Ministers gave special permission for waiving VAT for commercial supplies to build a power station spanning the border of Austria and Switzerland, which is not an EU member state. This agreement also covers the maintenance and renewal of the plant. Meanwhile, the European Court of Justice has signalled when utilities could sue the Commission for damages over wrongful competition ...
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