GREECE – LIGNITE
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Commission has given Greece a 'reasoned opinion' final warning threatening legal action at the European Court of Justice, telling it to cease the state-owned Public Power Corporation's (PCC) practice of rolling the cost of extracting lignite - its key source - into its accounted generation costs. Brussels claims that in this way, Greece is failure to respect European legislation concerning common rules for the internal market in electricity, especially those on the unbundling of electricity accounts. The Commission says this ...
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