CNTEE Transelectrica S.A. reported operating and earnings results for the first half ended June 2016. For the first half, the company reported EBIT decrease compared to same period of last year by 36.8% from RON 282 million to RON 179 million in the previous year; the decrease was due to lower tariffs for electricity transmission, adjusted by ANRE and lower income from the allocation of cross-border transfer capacity, while maintaining a stable cost base; for the transport activity, the 01.07.2015-30.06.2016 tariff year ended with a profit in line with regulated profit, while reducing the tariff. The company reported operational operations income of RON 648 million compared to RON 743 million, EBITDA of RON 341 million compared to RON 443 million and net income of RON 142 million compared to RON 210 million for the last year.

For the first half, the company announced production of 29.2 TWh compared to 30.5 TWh for the last year.