The Italian shareholders of domestic utility Edison SpA (EDN.MI) are ready to consider the possibility of booking higher impairments on the assets of the company, in a move that could pave the way for a possible solution on the future of Edison, Italian wire MF-Dow Jones reported Thursday citing people with knowledge of the situation.

Edison is controlled by French energy company Electricite de France (EDF.FR) and Delmi, a holding company that is controlled by a group of Italian utilities, including A2A SpA (A2A.MI) as well as some Italian banks.

A2A and EDF are holding talks to determine how to proceed with their joint control of Edison after the Italian municipal utility has said it doesn't have a strong enough say.

People familiar with the matter have said A2A and EDF are working on a deal whereby the French company would become the majority investor in Edison by ending the shareholders' pact, while A2A would be compensated with mainly hydroelectric power plants.

An advisor of Edison last week said that the total amount of impairments on the company assets are worth at least EUR200 million, a person with knowledge of the situation said Sunday.

Edison's board will meet March 21 to approve its full year results and discuss the impairments.

-By Oscar Bodini, Dow Jones Newswires, +39 02 5821 9901; djitaly@dowjones.com
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