Power firms appeal against Spanish coal subsidies

Spain's three largest electricity generators – Iberdrola, Endesa and Gas Natural Fenosa – have appealed to the European Court of Justice (ECJ) against planned Spanish government subsidies for power production with domestically-mined coal.

The controversial subsidies are due to begin this month following approval of the scheme by the European Commission in September. The firms allege the state aid will distort the electricity market, endanger Spain's compliance with its Kyoto target and, by shifting production to less efficient plants, damage their balance sheets.

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