REG - Public Power Corp - PSOs for previous years <Origin Href="QuoteRef">DEHr.AT</Origin>

Public Power SAAnnouncement

14/11/2017 12:35

RNS Number : 4731W
Public Power Corporation S.A.
14 November 2017
Announcement
PSO s for previous years
PPC S.A. announces that, the one lump sum payment instead of a gradual payment in five years time, of the  360 mln amount -according to RAE recommendation- for the total expenses that PPC has incurred for providing Public Service Obligations (PSOs) in the previous years, provides the Company with the possibility of making use of a significant amount in order to achieve the best possible impact on its financials. In addition, there is no need for an increase in the relevant charge for PSOs in the electricity bills.
For the above, PPC's management expresses its satisfaction.
Athens, November 14, 2017

This information is provided by RNS
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