Spain's antitrust watchdog CNMC has launched an investigation of Endesa and searched its headquarters in recent days, a spokesperson for the electricity utility said on June 22.
"We are collaborating with the investigation and awaiting further developments," the spokesperson said, without disclosing the object or nature of the CNMC's probe.
Endesa is controlled by Italian power giant Enel.
The spokesperson's comments confirmed a report published by Spanish news website El Confidencial.
CNMC declined to comment.
Following the volatility in energy prices triggered by the fast post-COVID recovery and the war in Ukraine, CNMC has launched several investigations of local firms.
Last year it said it was investigating oil companies and in April it launched an investigation of 35 electricity retailers over potential abuses in the wholesale electricity market.
Recommended Reading
Venture Global Gets FERC Nod to Process Gas for LNG
2024-04-23 - Venture Global’s massive export terminal will change natural gas flows across the Gulf of Mexico but its Plaquemines LNG export terminal may still be years away from delivering LNG to long-term customers.
US Republican Attorneys General Sue to Stop EPA's Carbon Rule
2024-05-09 - The rule, finalized by President Joe Biden's administration last month as part of an effort to combat climate change, was challenged in three lawsuits filed in the U.S. Court of Appeals for the District of Columbia Circuit.
BWX Technologies Awarded $45B Contract to Manage Radioactive Cleanup
2024-03-05 - The U.S. Department of Energy’s Office of Environmental Management awarded nuclear technologies company BWX Technologies Inc. a contract worth up to $45 billion for environmental management at the Hanford Site.
CERAWeek: Energy Secretary Defends LNG Pause Amid Industry Outcry
2024-03-18 - U.S. Energy Secretary Jennifer Granholm said she expects the review of LNG exports to be in the “rearview mirror” by next year.
Laredo Oil Settles Lawsuit with A&S Minerals, Erehwon
2024-03-12 - Laredo Oil said a confidential settlement agreement resolves a title dispute with Erehwon Oil & Gas LLC and A&S Minerals Development Co. LLC regarding mineral rights in Valley County, Montana.