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C.N.T.E.E. Transelectrica

Legal Proceedings Report Feb 21, 2022

2299_iss_2022-02-21_97306c09-548d-4131-9725-b1e519a66651.pdf

Legal Proceedings Report

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To: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets Financial Supervision Authority - General Directorate Supervision - Issuers Division

Date of the report: February 21, 2022

Name of Issuer Company: NPG Co. TRANSELECTRICA S.A., Company managed under two-tier system Headquarters: Bucharest 1, Boulevard Gheorghe Magheru 33, Working location: Bucharest 3, Str. Olteni 2-4 Phone/fax numbers: 004 (0)21 30 35 611/004 (0)21 30 35 610 Single registration code: 13328043 LEI code: 254900OLXCOUQC90M036 Number in the Trade Register: J40/8060/2000 Share capital subscribed and paid: 733,031,420 RON Regulated market where the issued securities are transacted: Bucharest Stock Exchange

Event to report – ANRE decision

National Power Grid Company Transelectrica S.A. informs the shareholders and stakeholders that the National Energy Regulatory Authority (ANRE) through the General Division of Licenses, Tariffs, Investment Monitoring communicated to the Company on 18.02.2022 ANRE Decision 167/16.02.2022 on the enforcement of Civil Sentence no. 3982/08.10.2018 of the Bucharest Court of Appeal that remained final by the Decision of the High Court of Cassation and Justice no. 2688/2021. ANRE document under number 29104/17.02.2022, registered within Transelectrica under number 7807/18.02.2022, briefly establishes the following:

  • The regulated purchase price of the technological system services provided by Hidroelectrica for Transelectrica, recalculated for the periods:
  • o 01.07.2015 30.06.2016 in the amount of 676.67 RON/hour-group and
  • o 01.07.2016 30.06.2017 in the amount of 713.42 RON/hour-group.

The price difference resulting from the prices approved by ANRE through Decisions 1377/25.06.2015 and 1035/22.06.2016 relative to Decision 167/16.02.2022 is in the amount of RON 21,340,716, according to ANRE specifications, detailed below:

Item name M.U. ANRE
Decision no.
1377/2015
ANRE Decision
no. 1035/2015
TSS-RE supply recalculated regulated price RON/hour
unit
676.67 713.42
TSS-RE supply regulated price approved by the
previous decision
RON/hour
unit
86.85 101.91
TSS-RE supply regulated price difference to be
recovered
RON/hour
unit
589.82 611.51
Number of hours of TSS-RE supply hour-unit 17,074 18,430
Difference to be recovered RON 10,070,587 11,270,129
Total difference to be recovered
(Decision no. 1377/2015 and Decision no. 1035/2015)
RON 21,340,716

LANGUAGE DISCLAIMER: This document represents the English version of the original official Romanian document filed with the Financial Supervisory Authority ASF. The English version has been created for English readers' convenience. Reasonable efforts have been made to provide an accurate translation, however, discrepancies may occur. The Romanian version of this document is the original official document. Any discrepancies or differences created in the translation are not binding. If any questions arise related to the accuracy of the information contained in the English version, please refer to the Romanian version of the document which is the official version.

  • Transelectrica pays to Hidroelectrica the total amount mentioned in the previous point, until 31.12.2022. Transelectrica fully recovers the total amount mentioned in the sum of RON 21,340,716, through the regulated tariff for system services, in the next tariff period;
  • The decision shall take effect on the notification date;
  • ANRE decision is available online in the public register of decisions issued by ANRE, namely: https://portal.anre.ro/PublicLists/Decizie,

The management of the Company took note of ANRE Decision 167/16.02.2022, following to undertake the necessary legal diligence in order to carry out the decision in question.

Gabriel ANDRONACHE Florin Cristian TĂTARU

Executive Director General Directorate Chairman

Directorate Member

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