Reports

In December 2020, EDP sold a portfolio of Hydro Power Plants in Portugal to a French consortium led by ENGIE. There is an ongoing investigation process about the tax implications of the transaction.

As always, EDP is collaborating with the authorities. EDP understands, considering reputable experts’ opinion, that the operation met all legal and tax requirements.

See more details on page 270.

On 2 June 2017, EDP was made aware of the investigation being carried out by the DCIAP since 2012 regarding the amounts due to EDP for the early termination of the CAEs and the right of use over the DPH.

The procedure is still under investigation and until the present date there are no relevant developments or explanations on why EDP is a defendant.

See more details on pages 72-74

For further information, please see the latest update regarding this matter as well as EDP’s market notifications and public positionings.

The São Manoel Hydroelectric Power Plant was built a few kilometers from the border of the Kayabi Indigenous Territory, inhabited by three ethnic groups (Kayabi, Apiaká and Munduruku).

The only indigenous manifestation involving the São Manoel Hydroelectric Plant took place at the end of 2017 and the claims were not related to environmental actions implemented by the Company. The controversial fact corresponds to an isolated event and currently there is no other manifestation, and all actions foreseen in its Environmental Licensing Process are being implemented.

See more details on page 134.

This case is related to the bidding strategy in the ancillary services market of EDP Produção's power plants.
According to the AdC - Competition Authority, between 2009 and 2013, EDP Produção would have limited the supply of secondary reserves by the power plants under the CMEC - Contractual Balance Maintenance Costs regime.
In this context, the AdC imposed a fine of €48 million on EDP Produção, which was confirmed by the Competition Regulatory and Supervisory Court (TCRS), following the appeal filed by EDP Produção.

See more details on page 267.

E-REDES and some of its employees were involved in two legal cases related to the wildfires of 2017 (Pedrógão Grande) and 2018 (Monchique). In the Monchique case, the fact-finding hearing was held in 2022, during which E-REDES and an employee presented witnesses and evidence already included in their written defence. Based on this, the judge decided not to indict them. As no appeal was filed, the decision became final. In the Pedrógão Grande case, several individuals, including two E-REDES employees, were tried. The court concluded that no one was guilty. Although appeals were lodged, none challenged the acquittal of the E-REDES employees.

See more details on page 14.

E-REDES and some of its employees were involved in two legal cases related to the wildfires of 2017 (Pedrógão Grande) and 2018 (Monchique). In the Monchique case, a fact-finding hearing was held in 2022, during which E-REDES and an employee presented witnesses and evidence already included in their written defence. The judge decided not to indict them, and as no appeal was filed, the decision became final. In the Pedrógão Grande case, several individuals, including two E-REDES employees, were tried. The court found no one guilty. Although some appeals were lodged, none of them contested the decision that acquitted the E-REDES employees.

See more details on page 331, subparagraph i)