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Bulgaria Regulator Holds Hearing on CEZ License April 16

Bulgaria started a license revocation procedure against CEZ AS, the largest Czech utility and gave it two months to fix violations as the government resigned amid protests over high energy prices.

The State Energy and Water Regulation Commission found 21 violations including evasion of public procurement laws, spokeswoman Ralitsa Stoyanova said by phone today in Sofia. CEZ has seven days to comment on the regulator’s grounds for starting the procedure and set a deadline to repair the breaches, Stoyanova said. The regulator will inspect whether CEZ has fixed the transgressions before its hearing on April 16.