Commission Decision (EU) 2015/1877 of 20 April 2015 on tariffs charged by S.C. Hidroelectrica SA of Romania to S.C. Termoelectrica SA and S.C. Electrocentrale Deva SA — SA.33475 (12/C) (notified under document number C(2015) 2648) (Text with EEA relevance)

The State aid amounting, in principle, to RON 3656675 for Electrocentrale Deva and RON 22619821 for Termoelectrica in the form of preferential electricity tariffs in favour of those undertakings, unlawfully granted by Romania in breach of Article 108(3) of the Treaty, is incompatible with the internal market.

Romania shall recover the incompatible aid referred to in Article 1 from the beneficiaries. The obligation to recover the aid is extended to CE Hunedoara. The sums to be recovered shall bear interest from the date on which they were put at the disposal of the beneficiaries until their actual recovery. The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004 .

Recovery of the aid referred to in Article 1 shall be immediate and effective. Romania shall ensure that this Decision is implemented within four months following the date of its notification.

Within two months following notification of this Decision, Romania shall submit the following information: the total amount (principal and recovery interests) to be recovered from each beneficiary, a detailed description of the measures already taken and planned to comply with this Decision, including the proof that it registered the recovery order at an appropriate ranking in the liquidation process of Termoelectrica, if it is impossible for by Termoelectrica to fulfil the recovery order, the order made against Termoelectrica to dissolve the company and proof that Termoelectrica definitively exits the market, documents demonstrating that the beneficiaries have been ordered to repay the aid. Romania shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed. It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision. It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.

This Decision is addressed to Romania.