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TVE: The Court resolved to conduct AS Tallinna Vesi’s tariff dispute as partially open proceedings

Spekuliantai.lt | 2013-03-26 | NASDAQ OMX biržų naujienos | perskaitė: 1320
Raktiniai žodžiai: Tallinna Vesi, TVE
TVE: The Court resolved to conduct AS Tallinna Vesi’s tariff dispute as partially open proceedings

Tallinna Vesi Company Announcement 26.03.2013

The Court resolved to conduct AS Tallinna Vesi’s tariff dispute as partially
open proceedings

On March 20th, 2013 the Tallinn administrative Court accepted AS Tallinna
Vesi’s application for open court proceedings only partially, resolving to
continue with the proceedings regarding „specific water services price“ in
closed proceedings. The court’s ruling cannot be appealed.

In the interests of open communication and transparency the Company applied for
open court proceedings, which was granted by the court on the 15th of February
2012. The Competition Authority refused to have open court proceedings and on
the 31st of May 2012, Tallinn District Court accepted their respective
application without procedurally consulting with AS Tallinna Vesi. The company
was able to demonstrate, with verifiable evidence, the reasons why the case
should be conducted under open proceedings and therefore re-applied for open
court proceedings.

This now means that during the court proceedings all discussions regarding the
process of the privatisation, the legality of the privatisation contract, the
tariff mechanism and the economic and financial performance of AS Tallinn Vesi
will be open to public discussion. On the other hand based on the Competition
Authority’s firm opinion, and despite of the Company’s repeated motions on full
opening of the procedure, the court ruled that discussion over the actual
tariff calculations and the Competition Authority’s reasoning, must take place
under closed court proceedings to protect the information that the Competition
Authority had claimed to be a “business secret”.

AS Tallinna Vesi does not agree with the position that the Competition
Authority, that is itself the main public authority, essentially a monopoly
with the responsibility for setting utility tariffs for the population of
Estonia, should be able to declare any information it chooses to be used only
for “internal purposes” to protect its ways of working and methodologies.

AS Tallinna Vesi re-iterates its previously stated position that it believes in
fully transparent regulation for the benefit of its clients. We consider the
continuing secrecy surrounding the approval of utility prices is a big concern
for the clients of all companies regulated by the Competition Authority. In
times of growing concern over the utility prices, the public authorities should
be striving for greater transparency, and not into increased secrecy depriving
the clients of the regulated companies from the right to understand the
formation of regulated tariffs.

The Company has made relevant financial and regulatory information to the
extent allowed by the CA and the court available on its website.


Mariliis Mia Topp
Head of Communications
AS Tallinna Vesi
[email protected]
62 62 275

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