VERTICAL INTEGRATION – GAS/ELECTRCITY
May 1st, 2003
BY KEITH NUTHALLVertically integrated companies in the supply of gas and electricity will not be required to separate and sell off subsidiaries engaged in transmission under a compromise plan expected to be agreed by the European Parliament this week. The Parliament had originally insisted on complete separation but is now ready to accept a deal agreed by the EU council of ministers that permits common ownership but sets conditions on operations. The agreed text gives the parent company the right to approve the annual financial plan or any equivalent instrument ...
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