Referral may be Manweb's best hope
Tuesday 22 August 1995
The very argument it uses in its defence - the strict focus on the core electricity supply and distribution business - highlights its unusual vulnerability to the wrath of the regulator. There is little comfort for Manweb from a non-regulated profit stream, and by its own admission, the recent review of electricity distribution charges was particularly harsh for the company. A Monopolies and Mergers Commission investigation may yet prove Manweb's best hope of retaining its independence.
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