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1 year ago

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Austria grants credit line to Vienna utility squeezed by power price surge

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Austria grants credit line to Vienna utility squeezed by power price surge

Austria's government on Wednesday granted a 2 billion euro ($2 billion) credit line to the City of Vienna for the power firm it owns, Wien Energie, after the company asked for help covering its futures margins because of surging market prices.

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Austria grants credit line to Vienna utility squeezed by power price surge

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Austria grants credit line to Vienna utility squeezed by power price surge

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