Last Friday, the federal governement decided to suspend the decision of the CREG on the interim transit tariffs, claiming that this decision is "contrary to the energy interests of Belgium" and would have "an unfavourable impact on the investment policy in the natural gas sector". The suspension increases the value of D&Co (in which Suez holds an indirect stake of 57%) with 500 MEUR to 700 MEUR.
The CREG has now fifteen days to issue a new decision, in which it has to follow the motivated suspension decision of the government.
Today, the federal minister of energy announced that he reached an agreement with the electricity producers. They will contribute to the budget 2008 by paying a tax of 250 MEUR. Suez is the major electricity producer in Belgium (market share of 96%).
Silly coincidence, isn't it?
Monday, 26 May 2008
The federal government slaughters the CREG
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