City Power wants to fight Eskom’s debt claim, just not in court

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 45 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 67%

City Of Johannesburg News

City Power,Dada Morero,Eskom

City Power believes it and Eskom can come to a better solution through processes that don’t involve the court system.

Johannesburg MMC for finance, Dada Morero, says City Power wants to resolve its impasse with Eskom through an independent mediator rather than the court system.

“On the dispute between City Power and Eskom, the City is committed to the appointment of an independent mediator to resolve the current impasse between City Power and Eskom,” Morero said during his, the finance MMC said he believes the two entities will get to a better solution through mediation than a legal battle.

However, he also said City Power wants to reduce its reliance on Eskom through the city’s Integrated Energy Resource Plan. “The debt owed by City Power has reached unprecedented levels, exacerbating Eskom’s already strained financial situation,” it said.“Eskom has admitted in some cases that there have been potential billing inaccuracies and has so far refunded City Power at least R483m over the recent years,” it said.

“Eskom denies the claims made by City Power and will prove its position through the arbitration process,” Eskom said.

 

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 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 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 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 »

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 launches legal action over R1-billion City Power debtEskom said City Power’s failure to pay its energy bills threatens its ability to meet Johannesburg’s growing electricity demands.
Source: mybroadband - 🏆 11. / 67 Read more »

Eskom in battle with City Power over R1-billion debtEskom revenue manager Susan Smith said City Power has been rolling its electricity debt since October 2023 — and continues to do so.
Source: mybroadband - 🏆 11. / 67 Read more »