Italy’s top administrative court on Monday, July 20, referred a case over a fine on utility Enel for alleged abuse of dominant market position to the Court of Justice of the European Union, reported Reuters.
Italy’s competition watchdog last year ordered Enel and two subsidiaries to pay a €93 million (US$106 million) fine, levied on its operations in a part of Italy’s power market.
The fine was later reduced to €27.5 million after an appeal by the energy group, though Enel denied any wrongdoing and appealed to overturn the reduced penalty.
The EU Court of Justice must clarify some aspects of European legislation regarding market abuse, which are important for assessing Enel’s appeals, the administrative State Council court stated in a ruling seen by Reuters.
Full Content: Reuters
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