$1 Million Fine for Electricity Company in Panama

For breaching the electricity regulations in force, the National Authority of Public Services has imposed a penalty of $1 million on the Electricity Distribution Company Metro Oeste, S.A.

Wednesday, August 22, 2012

A statement from the National Authority of Public Services (ASEP) reads:

The National Authority of Public Services (ASEP) has imposed a fine of one million dollars on the Electricity Distribution Company Metro Oeste, S.A. violating existing rules regarding electricity.

According to the order issued by this entity, the power company failed to comply with the minimum time limit for the purchasing energy and the availability of its supply to customers during 2005 and 2006. This disciplinary process was initiated in 2006 and was the subject of a legal action by EDEMET in the Supreme Court. In late 2011, the Court ruled that theASEP’s actions were legal, and therefore the Regulatory Agency proceeded with the process and came to the same conclusion with the indicated sanction, favoring thousands of customers.

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