Focus on price dynamics

Alpiq announces that this morning the Italian Antitrust Authority (AGCM) and Customs Authority (Guardia di Finanza) began a joint inspection of Alpiq's Milan branch following a preliminary investigation (Art. 14 Law 287/90) in order to verify any potential violations of TFUE Article 101 (Section 1).

The preliminary antitrust investigation follows an investigation launched in January 2009 by the Italian Energy & Gas Authority (AEEG) to evaluate price dynamics on the market, especially in Sicily region. The investigation is related to Alpiq's minority share in the Edipower assets.

Alpiq Energia Italia is cooperating with the officials in order to furnish all the requisite information.