Italy court orders antitrust to recalculate Enel 93 million euro fine

Italy court orders antitrust to recalculate Enel 93 million euro fine

n Italian administrative court has asked Italy’s competition watchdog to re-calculate a fine of 93 million euros ($102 million) slapped on utility Enel (ENEI.MI) for alleged abuse of a dominant market position, the court said.

The court said the reasons for its decision would be announced in the next 30 days.

Certain Enel group units had asked for the fine, levied on operations in a part of Italy’s power market, to be reduced, a legal source said.

Enel, Italy’s biggest utility, said it did not know the reasons of the ruling and so would not comment but added it reserved the right to appeal.

It reiterated it had operated in full compliance with market rules.

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