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Economic Inequality

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Czech Utility CEZ Likely to Win Over Bulgarian Regulator

Czech-owned utility CEZ AS (BAACEZ.PR), one of three foreign power companies whose prices provoked nationwide protests in Bulgaria and brought down the government earlier this year, looks set to retain its operating license there.Assen Vassilev, who is acting as energy minister until a new government is in place, said talks are going smoothly between CEZ and Bulgaria's energy market regulator to resolve concerns that some of the company's practices may violate antitrust law."Both sides are working very cooperatively," he told Dow Jones Newswires Thursday.He said the ministry's preliminary legal findings indicate CEZ may be able to keep its license but stressed that the regulator, an independent agency, has final say. It will likely make its decision next month, he said."We are not leaning on the regulator," he added.Bulgarian authorities in March took action against Czech- and Austrian-owned electricity distribution companies on suspicion of anti-competitive behavior. The Bulgarian Com...

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