Terna Says ‘Robin Hood’ Tax Will Cost 80 Million Euros in 2011
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Terna SpA, Italy’s power grid operator, said an increased government levy on utilities dubbed the “Robin Hood Tax” will cost it 80 million euros ($110 million) this year.
The effect of the increase on the 2012-2015 period isn’t yet clear as the regulatory framework has still to be defined, the Rome-based company said today in a stock-exchange statement.