Court rejects Eskom’s urgent tariff application.
JOHANNESBURG, Feb 10 (Reuters) – South Africa’s high court
in Pretoria on Monday rejected state-owned power utility Eskom’s
application for urgent relief in a dispute with energy regulator
Nersa over its 2019-2022 tariff decision, Eskom said.
Eskom, which supplies more than 90% of South Africa’s
electricity, said Nersa’s decision should be set aside because
it incorrectly treated R69 billion ($4.8 billion) of state
bailouts when calculating the amount of revenue Eskom should be
allowed to recoup via tariffs.
Eskom said in a statement that, while the court dismissed
the urgency of the application, it indicated that there was
merit in its case.
