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Europe Daily Bulletin No. 8495

2 July 2003
Contents Publication in full By article 32 / 34
GENERAL NEWS / (eu) eu/court of first instance
AES Drax Power contests authorisation by Commission for safeguard aid to its competitor, British Energy

Luxembourg, 01/07/2003 (Agence Europe) - AES Drax Power Limited is calling on the Court of First Instance to rule against the decision of the European Commission on 27 November 2002, authorising the British government to provide "safeguard" aid to its competitor, the British Energy group (see EUROPE 29 November 2002). The commission would have breached its own guidelines on State Aid for safeguards and restructuring companies in difficulty. AES Drax contests the Commission's argument that...

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