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CEZ offers to sell plants to end EU probe

By  |  June 26, 2012

Czech electricity producer CEZ has proposed to sell one or two of its plants to end the European Commission’s probe into possible anticompetitive practices in the domestic wholesale market. The Commission will have to market test the proposal before it ends its investigation.

Possible plants to be sold include the 1,000-megawatt Pocerady station, the 800-megawatt Chvaletice plant, the Detmarovice plant, or the Tisova plant with the Melnik 3 station. The stations would be sold to Czech Coal or EPH, an energy investment group.

Full content: Reuters

 

Related content: A Short Guide to the Prosecution of “Market Manipulation” in the Energy Industry: CFTC, FERC, and FTC

 

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