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EU threatens British Energy rescue deal

The European Commission has concluded that the government's rescue plans for British Energy breach European law.

The £4 billion rescue package was formulated by ministers after falling electricity prices forced it into heavy losses.

However, in a 45-page document leaked to today's Times, the European Commission says the plan breaks European rules on state aid.

Published: Thu, 24 Jul 2003 01:00:00 GMT+01