Reuters: E.ON to sue Romania over gas tariff cuts

The Romanian gas distribution unit of Germany's utility group E.ON (EONGn.DE: Quote, Profile, Research) will sue the European Union state's energy price regulator after it enforced gas tariffs cuts in May, the firm said. Following Romanian authorities' decision to lower gas costs by 3 percent as of May 1, E.ON Gaz Distributie said it recorded "justified uncovered costs" worth 172 million lei ($40.8 million) so far."The decision... seriously affects the financial status of the company, ...

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