IHT: European Parliament urges breakup of energy companies

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The European Parliament urged the breakup of energy companies, putting it in direct opposition to France and Germany over planned legislation to increase electricity and natural-gas market competition. The Parliament said that it would support a draft law due in September to split utilities like Électricité de France and E.ON into separate grid and supply businesses. The proposal, which the European Commission, the regulatory arm of the EU, is drawing up as a way to make networks accessible to companies without their own grids, will need the approval of the Parliament and national governments.