REG - Soc EnergElectricaSA - Litigations - DEER- File no. 37417/3/2024

Societatea Energetica Electrica SAAnnouncement

20/05/2025 16:45

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RNS Number : 4664J  Societatea Energetica Electrica SA  20 May 2025

To:      Bucharest Stock Exchange (BSE)

            London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law 24/2017, republished, on issuers of
financial instruments and market operations, Regulation FSA no. 5/2018 on
issuers of financial instruments and market operations, and the Bucharest
Stock Exchange Code

Report date: 20 May 2025

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J2000007425408

Subscribed and paid in share capital: RON 3,395,530,040

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE), London Stock Exchange (LSE)

Significant events to be reported: DEER Litigation - Case no. 37417/3/2024

Electrica informs the shareholders that its subsidiary, Distributie Energie
Electrica Romania S.A. (DEER), has been introduced as a party in case no.
37417/3/2024 pending before the Bucharest Tribunal. This case was initiated by
Romcab S.A., a company in insolvency, in the judicial reorganization stage, as
plaintiff, and has SPEEH Hidroelectrica S.A.  as the initial defendant.

We mention that the request of summons is not subject to the payment of the
judicial stamp fee, as the applicant benefits from this exemption in the
context of the insolvency proceedings.

 The object of the action is represented by the following claims made by
Romcab:

1.   to order the defendant Hidroelectrica to return the amount of RON
17,035,525, representing the value of the payments made by Romcab and reversed
by the defendant;

2.   to order the defendant Hidroelectrica, pursuant to art. 3 of G.O. no.
13/2011, to pay the penalty interest, calculated from the date of issuance of
the reversal invoices and until the actual refund/payment of the amount
claimed;

3.   order the defendants to pay the amount of RON 1,509,285,516.46
provisionally estimated, updated on the basis of the inflation index to which
is added the legal penalty interest, calculated according to art. 3 of G.O.
no. 13/2011, representing the equivalent value of the damage caused to Romcab,
as a result of the repeated interruptions of the electricity supply and, at
the same time, as a result of the supply/distribution of electricity at
performance indicators that contravene the Standard for the electricity
distribution service approved by ANRE.

The litigation is based on the tort civil liability for the alleged
non-compliance with the performance indicators of the electricity distribution
service, in accordance with the provisions of the Performance Standard
approved by ANRE Order no. 46/2021.

Following the preliminary analysis of the application and in relation to the
documents held by DEER (the request and grid connection permit, the grid
connection certificate and the operating agreement), the following are found:

·    the user has assumed as the duration of establishing the energy
supply the period necessary to remedy the faults in the system;

·    if the user owns equipment or installations for which the
interruption of the energy supply may generate economic effects, it has the
obligation to implement its own technological or energy solutions to avoid
such events;

·    the interruptions occurred were within the limits provided by the
Performance Standard, thus no monetary compensation was granted.

The company will come back with additional relevant information, to the extent
that the evolution of the judicial procedure will require it.

 

Contact: ir@electrica.ro (mailto:ir@electrica.ro) ; +40 731 796 111

 

CEO

Alexandru Chirita

 

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