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Current Report No. 33/2019

02.09.2019 16:00

Filing of a lawsuit against a subsidiary

TAURON Polska Energia S.A. (“Issuer”) informs that on September 2, 2019 a subsidiary of the Issuer’s: Polska Energia – Pierwsza Kompania Handlowa sp. z o.o. (“PE-PKH”) received an official copy of the lawsuit filed against PE-PKH by Amon sp. z o.o. with its registered office in Łebcz (“Plaintiff”).

The subject of the lawsuit is the demand to pay by PE-PKH to the Plaintiff of the total amount of PLN 29 009 189.38 with statutory interest for late payment calculated from the date of filing the lawsuit until the date of payment, on account of:

- damages (in the total amount of PLN 1 576 475.44) due to PE-PKH’s failure to perform Agreement for the Sale of Property Rights arising from certificates of origin constituting confirmation of electricity generation by a renewable energy source – wind farm located in Łukaszów in the period from August 1, 2017 to December 31, 2017,

- damages (in the total amount of PLN 27 432 713.94) due to PE-PKH’s failure to perform Agreement for the Sale of Electricity generated by a renewable energy source – wind farm located in Łukaszów in the period from September 25, 2017 to July 31, 2019.

The Issuer informed about termination of the abovementioned long term agreements in current report No. 7/2015 of March 19, 2015.

PE-PKH proceeded to review the content of the lawsuit and will, at an appropriate time, file a response to the lawsuit.

Preliminary assessment of the demands included in the lawsuit and its justification indicate that the claims are groundless.

Article 17 section 1 of MAR – inside information
 

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