EUROPEAN COMMISSION ITALY STATE AID SARDINIA THREAT ELECTRICITY PRICE CUT
April 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission may block Italian government plans to pay electricity bill subsidies to laminated aluminium, alumina, chlorine-soda, lead and zinc producers in Sardinia. Brussels is now formally investigating these planned payments, because it fears they will break European Union (EU) state aid rules. The Commission is particularly riled because some money would go to Euroallumina, which it ordered last year to repay previous subsidies it deemed illegal. Under the new plan, the Cassa Conguaglio del Mercato Elettrico public fund will pay ...
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