The Securities and Exchange Commission has opened a "very serious" penalty file for Iberdrola for last year's blackout
It will be investigated whether the company reduced production or supply "without authorization" and "breached the duty of availability" on the day of the blackout.
The Spanish Commission on Markets and Competitionhas opened a "very serious" penalty file to Iberdrola Generación Nuclear , as part of its investigation into theelectric blackout on28 April last year .
Iberdrola participates in six of the seven nuclear power plants in the State, and the sole owner of the Cofrentes (Valencia) plant is the same .
The file states that there are indications that the company violated Article 64.37 of the ElectricitySectorAct on the grounds that "without authorization it had reduced production or supply " and that "it had breachedits availability obligations onceand again ".
The Spanish Commission on Markets and Competition has already opened 56 procedures related to the blackout.
However, this organization has made it clear that these procedures do not mean that the companies under investigation are responsible for the blackout, as experts concluded that there were "multiple factors" behind the incident.
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