A2A SpA and Iren SpA, Italian utilities and major shareholders
of Edison SpA, are willing to give up their holdings in Edison in exchange for
all the assets of Edipower, which include hydroelectricity plants and combined
cycle gas plants, and even taking on its EUR1.1 billion debt, La Repubblica reported in
its Internet edition Tuesday, without citing sources.
The proposal will be studied at an Edison board meeting scheduled for
Wednesday, the newspaper reported.
Once they have control over Edison's Edipower division, A2A and Iren ultimately
plan to merge with Acea Roma to create a diversified utility firm.
Electricite de France SA and a group of Italian companies share ownership of
Edison and have been holding talks for months over the industrial and shareholding
reorganization of Edison, without reaching any deal.