UFE to mull over utilities merger document

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FRANCE - UFE, the French electricity industry employers' association, has been presented with a draft government bill on proposed reforms to the pensions structure of the country's gas and electricity sectors, writes Les Echos.

The changes are essential before the privatisation of the utilities, which currently operate their own PAYG (pay-as-you-go-system) and pay retirees 66% of their final salary. Future liabilities for...

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