Public Power Corp (PPCD) - RAE's decision for LARCO S.A. tariff
RNS Number : 5417P
Public Power Corporation S.A.
25 October 2012
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
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STRFEIFFIFESEES -0- Oct/25/2012 11:28 GMT
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