Tallinna Vesi
AS Tallinna Vesi submitted an application for tariff change
Tallinna Vesi / 28.09.2009 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- AS Tallinna Vesi submitted a proposal to Tallinn City Government to reduce the water and wastewater tariffs by 0.9 per cent. For the new tariffs to apply from January 1, 2010, Tallinn City Government is required to approve them by October 2nd, 2009 at the latest. Changes in water and wastewater tariffs have been agreed with Tallinn City Government already in 2002. The change in tariffs is based on the formula, which takes into consideration the consumer price index (CPI) of the current year and the volume of investments planned for 2002-2010. According to the Services Agreement, the tariffs should comprise of 2 per cent investment coefficient and -0.9 per cent CPI that would be added to the 2009 tariffs. As a result of negotiations with the City of Tallinn, the parties have agreed to forego the 2 per cent investment coefficient increase due from 1 January 2010. The new water and wastewater tariffs will be approved by Tallinn City Government and will be applied from 1st January 2010. Priit Koff Head of Communications AS Tallinna Vesi +372 6 262 209 priit.koff@tvesi.ee News Source: NASDAQ OMX 28.09.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: Tallinna Vesi Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100026436 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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