Slovenské Elektrárne (SE), Slovakia's dominant electricity generator, has lost its latest court case in proceedings in which it is seeking redress for damage it alleges was caused by price regulation introduced in 2009 covering wholesale electricity prices for households and small businesses, the Sme reported today (Friday, July 20). SE claims it suffered damage amounting to €94 million.
On Thursday, July 19, the Bratislava II District Court endorsed the position of the Economy Ministry, which argues that its regulation could not have caused any harm to SE. The power company will quite probably appeal the verdict, Sme wrote. SE spokesperson Jana Burdová told the Hospodárske Noviny daily that the company would not comment on the course of the court case.
Economy Ministry spokesman Stanislav Jurikovič told Hospodárske Noviny that the verdict indicates the way that further court proceedings will turn out.
Source: Sme, Hospodárske Noviny
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
20. Jul 2012 at 10:00