Eon’s UK head of legal Graham Line has stepped down from his legal role to head the company’s response to a major probe by the competition regulator, The Lawyer reports today.
Eon and its ‘big six’ energy rivals have all come under fire, first by energy regulator Ofgem and now the Competition and Markets Authority (CMA), which launched an investigation into competition within the market-dominating group.
Line has also turned to longtime adviser Pinsent Masons, which was appointed as Eon’s sole day-to-day legal adviser on a fixed-fee basis last year. EU and competition head Guy Lougher will handle the energy giant’s response to the probe.
The CMA has been busy in recent months. The regulator is currently looking to fill three new cartel roles after adding former Norton Rose Fulbright competition partner Michael Grenfell to its ranks last year.
It also named former Slaughter and May partner Sarah Cardell general counsel in September 2013. She moved over from Ofgem, where she spent three years before taking up the role as one of the CMA’s five-strong senior executive team.
Cardell, Line and Lougher will certainly need some energy for this upcoming investigation- the biggest-ever investigation into the market.
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