REG - Soc EnergElectricaSA - Application for annulment of ANRE President Orders

Societatea Energetica Electrica SAAnnouncement

30/01/2019 07:00

RNS Number : 5097O
Societatea Energetica Electrica SA
30 January 2019
 


To:                                     Bucharest Stock Exchange (BVB)
Romanian Financial Supervisory Authority (ASF)
London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 29th of January 2019
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: J40/7425/2000
Subscribed and paid in share capital: RON 3,459,399,290
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)
 
Significant events to be reported:
Application for annulment in full of the National Regulatory Authority for Energy (ANRE) President's Order no. 197/2018 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive energy for Societatea de Distribuţie a Energiei Electrice Muntenia Nord S.A. (SDMN), ANRE President's Order no. 198/2018 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive energy for Societatea de Distribuţie a Energiei Electrice Transilvania Nord S.A. (SDTN), ANRE President's Order no. 199/2018 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive energy for Societatea de Distribuţie a Energiei Electrice Transilvania Sud S.A. (SDTS)
 
Electrica informs that, together with its distribution subsidiaries, has filed at the Bucharest Court of Appeal an administrative litigation against ANRE, having as object the annulment in full of ANRE President's Order no. 197/2018 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive energy for SDMN, of ANRE President's Order no. 198/2018 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive energy for SDTN, as well as of ANRE President's Order no. 199/2018 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive energy for SDTS; at the same time, it was requested to order to ANRE to recognize the amounts that were not included in the 2019 tariffs (including the negative corrections for the 3rd regulatory period and for 2017) and to include these amounts in the computation of the tariffs for the year following litigation's final decision.
 
 
Chief Corporate Governance and M&A Officer                             
Alexandra Borislavschi                                                                     
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCBMMFTMBIJMLL