Eskom launches legal action over R1-billion City Power debt

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 33 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 67%

City Power News

Eskom,Eskom Debt,Headline

Eskom said City Power’s failure to pay its energy bills threatens its ability to meet Johannesburg’s growing electricity demands.

Eskom has launched legal action against City Power over its outstanding debt of nearly R1.1 billion, the state-owned power utility announced on Monday evening.

“The debt owed by City Power has reached unprecedented levels, exacerbating Eskom’s already strained financial situation.” In an attempt to defend its debt, City Power declared a dispute against Eskom for allegedly overbilling the municipal power utility on bulk purchases dating back to 2021. “In terms of the electricity supply agreements sanctioned by the Electricity Regulation Act of 2006, if a municipality raises a dispute with Eskom, it must still pay.”presents a major threat to Eskom’s already dire financial situation. It has already called out the City of Tshwane for failing to pay its energy bills on several occasions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eskom takes City Power to court over ‘unprecedented’ R1bn debtEskom initiates legal action against City Power over unpaid debt surpassing R1 billion, impacting Gauteng's electricity supply.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Eskom drags City Power to court over escalating R1 billion debtEskom has approached the Johannesburg High Court to force City Power to pay its escalating R1 billion debt.
Source: TheSAnews - 🏆 25. / 59 Read more »

Eskom sues over R1.1-billion Joburg City Power debtEskom is taking South Africa’s largest city to court over its alleged failure to pay debts totalling nearly R1.1-billion.
Source: TechCentral - 🏆 8. / 71 Read more »

Eskom sues Joburg's City Power for over R1bn in unpaid debtEskom sues Joburg's City Power for over R1bn in unpaid debt
Source: News24 - 🏆 4. / 80 Read more »