Financial Times FT.com

Kroes threatens to break up EU power monopolies

By George Parker in Brussels and Thomas Catan in London

Published: March 10 2006 02:00 | Last updated: March 10 2006 02:00

Europe's unreformed energy giants were yesterday warned by Brussels that their days were numbered, as Brussels launched an onslaught on monopolistic utilities and the politicians who protect them.

Neelie Kroes, the EU's top antitrust official, said she was minded to break up companies that controlled both the supply and distribution of energy, thus blocking rivals from entering the market.

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