ENEL GREEN POWER: EXPECTED IMPACT OF ROBIN HOOD TAX

Rome, September 14th, 2011 - With regard to the so-called “second package” of budget adjustment measures approved with Decree Law 138 of August 13th, 2011, ratified today by the Italian Parliament, Enel Green Power announces that the amendment of the rules governing the so-called “Robin Hood Tax”, which increases the rate of the additional IRES levy for three years to 10.5% from its current level of 6.5%, as well as the extension of the additional levy to the entire renewable energy sector, will result into a higher charge for the Enel Green Power Group in terms of current tax liability estimated at about 25 million euros per year in the period from 2011 to 2013 and about 2 million euros per year in each subsequent years.

Microsoft Word - EGP Robin Tax inglese

PDF (0.05MB) Download

For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.