Financial Times FT.com

Kroes threatens to break up EU power giants

By George Parker in Brussels and Thomas Catan in London

Published: March 9 2006 21:12 | Last updated: March 9 2006 21:12

Brussels warned Europe’s unreformed energy giants on Thursday that their days were numbered, as the European Commission launched an onslaught on monopolistic utilities and the politicians who protect them.

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

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