Elektrėnai, Lithuania, 2015-05-18 08:06 CEST (GLOBE NEWSWIRE) -- "Lietuvos energijos gamyba", AB (company code 302648707, registered office at Elektrinės st. 21, Elektrėnai; the Company), informs that the Supreme Administrative Court of Lithuania accepted the Company’s appeal on Decision of the Vilnius Regional Administrative Court dated 30 April, 2015. By this decision Vilnius Regional Administrative Court rejected the Company’s appeal on the resolution of the National Commission for Energy Control and Prices “On the results of electricity generation market inquiry”, dated 7 August, 2014, No. O3-757.
The Company founds that the electricity generation market inquiry is conducted under incorrect presumptions. Due to this, the Company appealed to the Vilnius Regional Administrative Court the decision to declare the Company undertaking significant market power in electricity generation market and to impose related obligations.
According to the Company, the decision of the Vilnius Regional Administrative Court is unjustified, therefore the Company submitted its appeal to the Supreme Administrative Court of Lithuania.
Valentas Neviera, Head of Corporate Communication Division, tel. +370 5 278 2908, e-mail. valentas.neviera@le.lt