Bloomberg News

Elia to Recoup 125 Million Euros After Winning Tax Case

February 03, 2012

(Adds comments by spokeswoman in second paragraph.)

Feb. 3 (Bloomberg) -- Elia System Operator NV, the operator of Belgium’s electric grid, said it will recoup 125 million euros ($165 million) from the government after winning a tax dispute in a Brussels court in December.

The government has until Feb. 6 to appeal the decision of the Court of First Instance in Brussels, Lise Mulpas, a spokeswoman for Elia, said today by telephone. The recovered funds will be passed on to consumers through tariff rebates and will have no impact on Elia’s earnings, she said.

--Editor: Jones Hayden

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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