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SOCIETATEA ENERGETICA ELECTRICA S.A. - EL

Litigations- Application for Annulment of ANRE Orders 197, 198 and 199 from 2018

Release Date: 1/30/2019 8:04:22 AM

IRIS Code: EF653

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 Distributie 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 Distributie 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 Distributie 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                                                                     

 

 



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