Elektrėnai, Lithuania, 2014-10-31 15:29 CET (GLOBE NEWSWIRE) -- “Lietuvos energijos gamyba”, AB (company code 302648707, registered office at Elektrinės st. 21, Elektrėnai, the Company), informs that on 31 October, 2014 Vilnius Regional Administrative Court accepted Company’s appeal on the resolution „On the results of “Lietuvos energijos gamyba”, AB audit” (the Resolution), dated 30/09/2014, No. O3-818, of the National Commission for Energy Control and Prices (the Commission).
The Commission by this Resolution approved act on audit, dated 19 September, 2014, No. E3-2 and decided to reduce Company’s income from the supported electricity produced in Lithuanian power plant, owned by the Company, by 21.2 million. Lt (6, 14 mln EUR) and to reduce the income from services for ensuring the security of power reserve by 25.7 million. Lt (7, 44 mln EUR). The Resolution states that these decisions should be implemented in the period of 2015-2016 reporting years.
The Company finds that the Resolution is unreasoned, contradicts previous decisions of the Commission on the same issues. In addition, the Commission, while performing audit, failed to support its audit by the applicable legislation. Taking this into consideration, the Resolution is unsubstantiated and unlawful.
Valentas Neviera, Head of Corporate Communication Division, tel. +370 5 278 2908, e-mail. valentas.neviera@le.lt