Financial Times FT.com

Power unbundling plan dropped

By George Parker in Brussels

Published: February 15 2007 19:16 | Last updated: February 15 2007 19:16

Europe’s energy ministers on Thursday in effect buried a plan to break up the continent’s biggest power companies, which Brussels claimed was a vital step towards ending competition abuses in the sector.

France led opposition to a proposal to force the full ownership “unbundling” of energy giants such as EDF and Eon, which generate power and control the grids through which it is supplied.

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