Montenegro: TSO company CGES claim 1,6MEUR loss from Power utility EPCG

17. December 2014. / SEE Energy News

TSO company CGES seek 1.65 MEUR from Electric Power Industry EPCG .This debt refers to January and February of this year, and it is related to the amount of electricity produced.

Unresolved debtor-creditor relationships of Montenegrin Electric Transmission System (CEGS) and Electric Power Industry EPCG become more complex, and the Commercial Court increases the number of lawsuits.

CGES seeks 1.65 MEUR with new lawsuit against EPCG. This debt refers to January and February of this year, and it is related to the amount of electricity produced.

CGES based lawsuit on the decision of the Regulatory Energy Agency (RAE), which stipulates that EPCG pays use of the transmission network for electricity exports. The Administrative Court initially overturned RAE decision, but the regulator issued a new decision on August 8th, 2014th.

That decision, according to the legal CGES representatives Zeljko Adzic and Darko Vukasinovic includes controversial period in this lawsuit.
The EPCG assistant Zeljko Coric claims that it is illegal accounts, given that the two companies are not in a contractual relationship.

He pointed out that the CGES, in accordance with the RAE decision, which was adopted in the retrial, was obliged to make new accounts.
If that had been done, he added, EPCG would have new obligations payment date, in which case there would be no basis for the claim.
A preliminary hearing in the Commercial Court adjourned for January 22nd.

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