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EU prepared to study alternative plans for energy utilities

European Union regulators are prepared to study alternatives to their proposal to break up power utilities, the EU's energy commissioner said.

The European Commission, the EU's regulatory arm, wants to open competition to new entrants by forcing separation energy companies to separate their transmission and production businesses, a process known as unbundling. „If there's a method better than what we've proposed, we're prepared to analyze it,” the energy commissioner, Andris Piebalgs, told reporters at a news conference at the EU's Brussels headquarters. France, whose industry minister, Francois Loos, was also at the conference, is opposed to the commission's plan. EU energy ministers are meeting for dinner in Brussels before a meeting tomorrow, where governments will debate the commission's January 10 proposal. (Bloomberg)