Today's Information |
Provided by: Taiwan Cogeneration Corporation | |||||
SEQ_NO | 1 | Date of announcement | 2022/06/24 | Time of announcement | 17:40:03 |
Subject | Clarification on recent media report | ||||
Date of events | 2022/06/24 | To which item it meets | paragraph 51 | ||
Statement | 1.Date of occurrence of the event:2022/06/24 2.Company name:Taiwan Cogeneration Corporation 3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself 4.Reciprocal shareholding percentage:NA 5.Name of the reporting media: Commercial Times 6.Content of the report:The report stated that 9 IPPs were fined 6.007 billion NTD and were finalized. 7.Cause of occurrence: The media reported that the Supreme Administrative Court ruled that 9 IPPs jointly refused to negotiate with Taipower to adjust the electricity purchase and sales rates. In 2013, the Fair Trade Commission ruled that the "concerted action". The whole case was confirmed. A fine of 6.007 billion NTD must be paid. The IPP resisted fines and litigated for nine years, and finally reversed and lost. 8.Countermeasures: The IPP companies (Star Power, Sun Ba power, Star Buck Power and Kuo Kuang Power) invested by the Company mentioned in the report have not officially received the judgment; however, if the said companies lose the case, they will discuss with their attorneys the follow-up response and administrative remedy measures. The penalty amount is estimated to affect the Company's profit by about 540 million NTD according to the shareholding ratio. However, the amount of the penalty can still go through the appeal process to obtain favorable results. The Company will pay close attention to the follow-up progress in order to protect the Company's rights and interests. 9.Any other matters that need to be specified: The company's shareholding in Star Power, Sun Ba power, Star Buck Power and Kuo Kuang Power are 40.5%, 43%, 41.27% and 35%, respectively. |
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TCC – Taiwan Cogeneration Corp. published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 09:55:06 UTC.