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Provider: Sadif Analytics Prime
Provider: Reuters Investment Profile
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Provider: Sadif Analytics Prime

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Public Power Corporation SA Comments On RAE Decision

Monday, 4 Nov 2013 02:54am EST 

Public Power Corporation SA (PPC) announced that concerning the Decision 1/2013 of the Permanent Arbitration at RAE, which was taken by a majority vote, based on which a EUR 40.7/MWh electricity price is set for ALUMINIUM S.A., PPC notes the following: It is not possible that any regulatory or arbitration decision obliges PPC, and any other company, to sell at a loss below cost. PPC, once it examines thoroughly said Decision, is obliged to explore any legal way of reaction in order to protect the interests of its shareholders and its customers-consumers. In any case, any impact on PPC’s financial results will be reflected in the nine month 2013 Interim Financial Statements.