ECJ GREECE LIGNITE
December 1st, 2004
BY KEITH NUTHALL
THE EUROPEAN Commission is taking Greece to the European Court of Justice asking judges to order a separation of the Greek Public Power Corporation's accounts for its lignite mining and its electricity generation. Brussels says Greece is breaking the European Union electricity directive, which outlaws common accounts possibly masking illegal cross-subsidies between two separate business activities.
THE EUROPEAN Commission is taking Greece to the European Court of Justice asking judges to order a separation of the Greek Public Power Corporation's accounts for its lignite mining and its electricity generation. Brussels says Greece is breaking the European Union electricity directive, which outlaws common accounts possibly masking illegal cross-subsidies between two separate business activities.
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