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Elia to Recoup 125 Million Euros After Winning Tax Case

Feb. 3 (Bloomberg) -- Elia System Operator NV, the operator of Belgium’s electric grid, said it will recoup 125 million euros ($165 million) from the government after winning a tax dispute in a Brussels court in December.

The government has until Feb. 6 to appeal the decision of the Court of First Instance in Brussels, Lise Mulpas, a spokeswoman for Elia, said today by telephone. The recovered funds will be passed on to consumers through tariff rebates and will have no impact on Elia’s earnings, she said.

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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