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RWE Says EU Derivatives Proposal Would Endanger Energy Markets
2010-09-16 10:19:08.144 GMT
By Mathew Carr
Sept. 16 (Bloomberg) -- RWE AG, Germany's second-biggest
power utility, said the European Union proposal to regulate
financial derivatives would endanger the region's energy market.
"This proposal will endanger the success this industry has
achieved in the years to date," RWE said today in an-e-mailed
statement. At risk is "a well-functioning market" with
competition between brokers and exchanges as well as transparent
pricing, it said.
Link to Company News:{RWE GR <Equity> CN <GO>}
For Related News and Information:
Top Power Stories:{PTOP<GO>}
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
