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Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial Report at June 30, 2013 - A2A

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<strong>Half</strong>-<strong>yearly</strong> <strong>financial</strong> report <strong>at</strong> <strong>June</strong> <strong>30</strong>, <strong>2013</strong>Other inform<strong>at</strong>ionjudge, extending the argument) and called th<strong>at</strong> Ergosud S.p.A. alone should be ordered to paydamages, in part similar to those claimed by the Consortium, quantified in 27,467,031 euro.The legitimacy of SFC S.A. is independent with respect to th<strong>at</strong> of the Consortium, the originalclaimant, and should it be found th<strong>at</strong> the request of the Consortium may not proceed furtherfor lack of grounds (or because of the bankruptcy th<strong>at</strong> has occurred), the judgment wouldcontinue between SFC S.A. and Ergosud S.p.A.. In this scenario, <strong>A2A</strong> S.p.A. could ask to beexcluded since no request would have been raised against the company, but for the purposeof simplicity the judge would probably remit the question to the final sentence.Within the term set for the first hearing the lawyers formul<strong>at</strong>ed conclusions on behalf ofErgosud S.p.A. in respect of the request made by SFC S.A., then counter-claiming in a morecomplete manner in the subsequent preliminary pleading pursuant to article 183, section VI ofthe civil procedure code.126The judge found the bankruptcy was legitim<strong>at</strong>e as SFC S.A. and therefore set the end of theproceedings and the hearing for December 19, 2012, declaring the need to execute an expertopinion on a number of points, indic<strong>at</strong>ing the questions to put to the expert and setting May23, <strong>2013</strong> as the d<strong>at</strong>e for the hearing to appoint the court’s expert witness. At th<strong>at</strong> hearing thejudge, changed in the meantime, confirmed the questions already formul<strong>at</strong>ed on December19, 2012 and appointed the court experts Messrs. Pompili and Caroli, setting a term for theparties to appoint their own consultants. The start of the experts’ work was scheduled as <strong>June</strong>18, <strong>2013</strong>, with a deadline of 180 days after th<strong>at</strong> d<strong>at</strong>e. <strong>A2A</strong> S.p.A. and Ergosud S.p.A. appointedProf. Massardo and Mr. Gioffrè as their experts, persons who over the years have alreadydrawn up reports on the m<strong>at</strong>ters to which the questions refer.The company is represented by the legal firm Simmons & Simmons.CIP 6 auxiliary servicesInspections have been carried out by the GSE (Energy Services Manager), instructed by theAEEG (Electricity and Gas Authority), <strong>at</strong> companies in Tuscany using plants party to CIP6/92conventions, to determine the amount of electricity (produced by plants fired by renewablesources) consumed by auxiliary plant services, as defined by the AEEG. The inspections werefollowed by an AEEG provision contesting th<strong>at</strong> the amount of electricity used by auxiliaryservices was gre<strong>at</strong>er than the level indic<strong>at</strong>ed in the respective conventions and <strong>at</strong> the sametime the AEEG instructed the Electricity Sector Equaliz<strong>at</strong>ion Fund to recover the amountsunduly received by the two companies. These amounts are equal - according to the AEEG’scalcul<strong>at</strong>ions - to the difference between the energy for which the plants received CIP 6incentives and the energy th<strong>at</strong> (again according to the AEEG) would have actually been

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