Italian Industry Minister Corrado Passera said Thursday there are no plans to merge the country's two biggest energy grids, Snam SpA (SRG.MI) and Terna SpA (TRN.MI), after speculation the government might be keen to create such a sector behemoth.

The hypothesis of a merger between Snam and Terna "is a possibility that as of today has never been taken into consideration," Passera said on the sidelines of a conference in Rome.

Snam is Italy's biggest natural gas transmission company by pipelines, while Terna is the biggest electricity grid by lines.

Both companies are controlled by the Italian government.

-By Elisa Maiucci, MF-DJ, and Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

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