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EC Says Significant Support for Umboudling is Building Among Ministers

EC Says Significant Support for Umboudling is Building Among Ministers

BRUSSELS (Dow Jones)--A significant number of European Union energy ministers favor an energy package that would break up the bloc's largest utilities by separating their energy transmission from their generation assets, the European Commission said Monday, citing the E.U. Presidency's progress report.

UK Regulator Boosts Returns For Gas Distributors

UK Regulator Boosts Returns For Gas Distributors

LONDON (Dow Jones)--U.K. gas and electricity markets regulator Ofgem Monday increased the rate of return companies can recoup when they invest in their networks to 4.94% of capital invested for the period April 1, 2008 to March 31, 2013.

Cyprus Lags on Emissions

Cyprus Lags on Emissions

Cyprus is behind schedule in slowing growth of its greenhouse gas emissions, partly because no one wants to sacrifice land for lucrative tourism or housing to develop renewable energy, environmental officials said.

Home Electricity Bills Rise 8 Percent

Home Electricity Bills Rise 8 Percent

Household electricity bills will increase by up to 8 percent today after the government gave the green light yesterday for a two-part tariff hike with the second installment expected in July.

Iran Foreign Min: UN Should End Nuclear Issue Involvement

Iran Foreign Min: UN Should End Nuclear Issue Involvement

LONDON (AP)--An 18-month attempt to persuade Iran to halt uranium enrichment collapsed Friday after a senior E.U. envoy failed to dent Iran's resolve to expand the technology, despite the threat of new U.N. sanctions.

Enel Signs Energy Cooperation Deal With Frances EDF

Enel Signs Energy Cooperation Deal With France's EDF

Italian utility Enel SpA Friday said it reached an energy agreement with Electricite de France SA that will ultimately allow it become a strong competitor in the French market and gain stakes in future nuclear-run power facilities.

Greece Approves Higher PPC Tariffs From Dec 1

Greece Approves Higher PPC Tariffs From Dec 1

Greece's Development Ministry Friday approved a series of staggered tariff increases of up to 10% for electricity provider Public Power Corp. SA in a move to bring the utility's prices in line with its operating costs.