Market announcement
AS TALLINNA VESI
LEI code
5493000M6TVS2X0KWC97
Size of the entity
Large group
Economic activities
Water Supply; Sewerage, Waste Management and Remediation Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
4313
Submission date and time
10.02.2014 17:20:13
Content of announcement in Estonian
Title
AS Tallinna Vesi täidab teenuslepingu tingimusi
Message
AS Tallinna Vesi (edaspidi Ettevõte) teavitas Tallinna börsil noteeritud
ettevõttena oma aktsionäre ja investeerimisringkonda, et on esitanud
Konkurentsiametile hinnataotluse, vastavalt 2001. aastal sõlmitud
teenuslepingus sätestatud hinnakokkuleppele. See tähendab, et Ettevõte on
esitanud taotlused hinnatõusudele, mis pidid rakenduma 1. jaanuarist 2011. a,
1. jaanuarist 2012. a, 1. jaanuarist 2013. a ja 1. jaanuarist 2014. a.
10. veebruaril 2014. a teavitas Ettevõte oma aktsionäre, et täitis oma
lepingujärgset kohust. Ettevõte tegi seda seetõttu, et Konkurentsiamet otsustas
avalikustada vee-ettevõtjate poolt Konkurentsiametile hiljuti esitatud
hinnataotlused. Vältimaks segaduse põhjustamist aktsionäridele, st.
hinnataotluse vastavus lepingu tingimustele ei pruugi olla aktsionäride jaoks
iseenesestmõistetav, avaldas Ettevõte käesoleva börsiteate.
Konkurentsiameti otsus avalikustada täiendavat informatsiooni oma
koduleheküljel ning sellest tulenev Ettevõtte poolne börsiteade ei ole seotud
ning ei mõjuta käimasolevaid kohtuvaidlusi Ettevõtte ning Konkurentsiameti
vahel.
Ettevõte usub, et Konkurentsiamet peaks need hinnataotlused kooskõlastama
järgmistel põhjustel:
-- need on täiel määral vastavuses EBRD toetatud erastamislepinguga, mille
kiitis heaks Eesti Vabariigi Valitsus 2000. a;
-- 2012. a maikuus tehtud Eesti kohtute otsuse kohaselt on hinnakokkulepe
haldusleping (ehk avaliku õiguse leping) Eesti õigusaktide tähenduses. Kuna
tegemist on avaliku õiguse lepinguga, usuvad Ettevõte ja selle aktsionärid,
et Konkurentsiamet peaks selle asjaoluga arvestama ning näitama üles
austust Eesti õigussüsteemi vastu ja täitma oma juriidilisi kohustusi.
Tulenevalt ülaltoodust, usub Ettevõte kindlalt, et avaliku õiguse lepingu
tingimusi tuleb austada, eriti olukorras, kus muutunud on ainult avaliku õiguse
lepingut reguleeriv riigiasutus – eelmine riigi määratud regulaator oli
Tallinna linn (2001 – 2010), praegu on riigi määratud regulaator
Konkurentsiamet (2010 – 2014).
Lepingujärgselt esitas Ettevõte vastavalt AS-i Tallinna Vesi erastamise lepingu
osana sõlmitud tariifikokkuleppele taotluse järgmisteks hinnatõusudeks:
-- 3,5% alates 1. jaanuarist 2011. a;
-- 4,9% alates 1. jaanuarist 2012. a;
-- 3,9% alates 1. jaanuarist 2013. a;
-- 3,8% alates 1. jaanuarist 2014. a.
See tähendab kumuleeritult 17,1%-list hinnatõusu või üle 50 miljoni euro
suurust kompensatsiooninõuet Eesti Valitsusele. Sellele viitas Ettevõtte
juhatuse esimees ka oma 10. septembril 2012. a. saadetud kirjas Majandus- ja
Kommunikatsiooniministrile.
Ettevõte usub jätkuvalt täielikult läbipaistvasse regulatsiooni ning on avatud
sisulisele ja tõendusmaterjalil põhinevale dialoogile, mis võtab arvesse 2001.
aastal sõlmitud erastamislepingu tingimusi.
Mariliis Mia Topp
Kommunikatsioonijuht
AS Tallinna Vesi
Tel: 62 62 275
[email protected]
Content of announcement in English
Title
AS Tallinna Vesi fulfils the terms of services agreement
Message
AS Tallinna Vesi (hereinafter the Company) as a company listed on the Tallinn
Stock Exchange notified its shareholders and investment community that the
Company has submitted tariff applications to the Estonian Competition Authority
in line with the tariff agreement contained in the Services Agreement concluded
in 2001.
This means that the Company has submitted applications for the tariff increases
that were due from 1st January 2011, 1st January 2012, 1st January 2013 and 1st
January 2014. On 10th of February 2014, the Company made a simple notification
to its shareholders confirming that it had fulfilled its contractual obligation
in accordance with the contract. The company did this because the Competition
Authority has taken the decision to publish the latest tariff applications made
by water undertakings. To avoid any confusion for shareholders, i.e.
shareholders may not be clear if the tariff applications were in accordance
with the contract, the Company made this stock exchange announcement.
The Competition Authority’s decision to start disclosing additional information
on its webpage and the stock exchange announcement triggered by this decision
are independent from and do not influence the pending disputes between the
Competition Authority and the Company.
The Company believes these tariff applications should be accepted by the
Competition Authority in following reasons:
-- they are fully in accordance with the EBRD sponsored privatization contract
that was approved by the Estonian Government in 2000;
-- in May 2012 the Estonian Courts have declared that this tariff agreement is
an administrative agreement (i.e. a public law contract) under Estonian
law. Therefore, as this is a public law contract, Company and its
shareholders believe that the Competition Authority should take due respect
of this fact and respect the Estonian legal system and honor its legal
obligations.
As a result of all of the above, the company firmly believes that the terms and
conditions of the public law Services Agreement should be honored, especially
when in the current situation only the state institution that regulates the
public law contract has changed – the previous state appointed regulator was
the City of Tallinn (2001 to 2010), the current state appointed regulator is
the Competition Authority (2010-2014).
Thus, contractually the Company has, in accordance with the tariff agreement,
signed as part of AS Tallinna Vesi’s privatization, applied for a following
tariff increases:
-- 3.5% from 01st January 2011;
-- 4.9% from 01st January 2012;
-- 3.9% from 1st January 2013;
-- 3.8% from 1st January 2014.
Which would make a fully compounded tariff increase of 17.1% or an over 50m
Euros of compensation of the Government of Estonia. The Chairman of the
Management Board of the Company has previously referred to this, in his letter
of 10th of September 2012 to the Minister of Economy and Communications.
Mariliis Mia Topp
Head of Communications
AS Tallinna Vesi
[email protected]
Tel: (372)62 62 275