edp announcement

EDP sells EUR 138 million of tariff deficit in Portugal

Lunes, 10 Febrero 2014

EDP Serviço Universal, S.A., the last resort supplier of the Portuguese electric system, 100% owned by EDP Group, agreed today the sale of a portion of EUR 138 million, and the respective interest, of the 2013 tariff deficit related with special regime generation.

Under the terms and for the purposes of article 248 of the Securities Code, EDP – Energias de Portugal, S.A. ("EDP") hereby discloses the following information to the market and to the public in general:

EDP Serviço Universal, S.A. ("EDP SU"), the last resort supplier of the Portuguese electric system, 100% owned by EDP Group, agreed today the sale of a portion of EUR 138 million, and the respective interest, of the 2013 tariff deficit related with special regime generation.

This tariff deficit resulted from the 5-year deferral of the recovery of the 2013 overcost with the acquisition of energy from special regime generation (including adjustments for 2011 and 2012) in the total amount of EUR 1.4 billion, with an outstanding amount at the end of 2013 of EUR 1.3 billion.

EDP – Energias de Portugal, S.A.