Press releases pg. 91

Economics and financial news

European Commission Cleared CEZ of Accusations of Price Manipulation and Alleged Cartel Practices. Only the bilateral dispute with Czech Coal for coal supply remains to be resolved.

According to the European Commission’s announcement of today, CEZ has been fully cleared of several serious accusations. Clear evidence has been discovered that CEZ has not and could not have manipulated with electricity prices, has not engaged in a cartel with anyone, nor has it been involved in limiting the trade with brown coal, which contrasts with accusations of the same malpractice recently raised against Czech Coal by numerous customers of the company.

15. 7. 2011

Nuclear power plants

IAEA-led Operational Safety Team Reviews Dukovany Nuclear Power Plant, Czech Republic

An international team of nuclear installation safety experts, led by the International Atomic Energy Agency (IAEA), has commended the Dukovany Nuclear Power Plant (NPP) in the Czech Republic for its safety practices and has also made a series of recommendations to reinforce them.

23. 6. 2011

Nuclear power plants

IAEA leads operational safety mission to Dukovany nuclear power plant, Czech Republic

The International Atomic Energy Agency (IAEA), at the request of the Government of the Czech Republic, has assembled an international team of experts to conduct an Operational Safety Review (OSART) of the Dukovany Nuclear Power Plant (NPP) in Dukovany, Czech Republic.

6. 6. 2011

Economics and financial news

CEZ Group’s Profit for Q1 2011 at CZK 17.2 Billion

The CEZ Group’s Net Profit for the first quarter of this year remained at last year’s levels, declining by only 2 percent (CZK 300 million). CEZ still foresees to meet the profit target for 2011 (expected to reach CZK 40.1 billion), which is still considerably affected by the subsiding crisis connected with low power prices.

10. 5. 2011