Minister clears proposed acquisition of Central and South West Corporation by American Electric Power

United Kingdom

Dr Kim Howells, minister for Competition And Consumer Affairs, has decided not to refer to the CC the proposed merger of American Electric Power and Central and South West Corporation, in accordance with the advice of the Director General of Fair Trading (DGFT) and in the light of views expressed by the Director General of Electricity Supply (DGES).

He agreed with the DGFT that the competition and regulatory concerns do not warrant a reference to the CC now that the companies involved have offered non-statutory assurances. The DGES intends to incorporate these commitments into licence conditions, which are enforceable under the Electricity Act 1989, and until this is completed the parties have said they will behave as if the modifications had been made.

(DTI Press Release P/2000/51)