February 10, 2020 / 12:42 PM / 8 days ago

S.Africa's high court rejects Eskom's urgent tariff application

JOHANNESBURG, Feb 10 (Reuters) - South Africa’s high court in Pretoria on Monday rejected state-owned power utility Eskom’s application for urgent relief in a dispute with energy regulator Nersa over its 2019-2022 tariff decision, Eskom said.

Eskom, which supplies more than 90% of South Africa’s electricity, said Nersa’s decision should be set aside because it incorrectly treated 69 billion rand ($4.8 billion) of state bailouts when calculating the amount of revenue Eskom should be allowed to recoup via tariffs.

Eskom said in a statement that, while the court dismissed the urgency of the application, it indicated that there was merit in its case.

Reporting by Alexander Winning and Tanisha Heiberg; Editing by Edmund Blair

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