Infrastructure Investor Bulletin 5 May 2011

Following on from last year's Infrastructure Investor Bulletin in which we reported on the introduction of the EU Third Internal Energy Market Package, this bulletin provides an update on implementation of the Electricity and Gas Directives in Member States. The bulletin addresses, in particular, an area of uncertainty for energy companies and financial investors in the sector: how the unbundling requirements will be applied in the context of companies that have interests in electricity or gas assets in more than one Member State and where the Member States have adopted different unbundling models.

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