Public Power Corp PPCD RAE's decision for LARCO S.A. tariff

  Public Power Corp (PPCD) - RAE's decision for LARCO S.A. tariff

RNS Number : 5417P
Public Power Corporation S.A.
25 October 2012




ANNOUNCEMENT



RAE's decision for LARCO S.A. tariff



Concerning the Decision 822/2012 issued by the Regulatory Authority for Energy
(RAE), which defines a  temporary price of  50 €/MWh for  the total amount  of 
energy consumed  by LARCO  S.A., PPC  notes that  what has  been stated  in  a 
previous announcement  dated 22.5.2012  with respect  to a  relevant  decision 
issued for ALUMINIUM S.A. also applies to this specific decision.

It is obvious that this Decision has a negative impact on PPC, by obliging the
Company to sell below cost, and thus, PPC intends to take all necessary  legal 
actions for  appealing  against the  said  Decision of  RAE  in front  of  any 
Authority, National or European.





Athens, October 25, 2012



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


STRFEIFFIFESEES -0- Oct/25/2012 11:28 GMT
 
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