Alcoa plant gets EU boost on Italy power prices
MILAN (Reuters) - The troubled Italian smelter of aluminum group Alcoa will be able to continue using special contracts allowing it to buy electricity at lower prices until 2015 following a decision on Wednesday by the European Commission. The Commission ruled the so-called interruptibility power contracts on the islands of Sardinia and Sicily did not constitute state aid, giving a green light to the schemes being used by heavy-energy users there for the next three years. A statement by the Commission did not mention any company. ...
Source: news.yahoo.com
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