Kepco falls after freezing electricity rates, threatening more financial strain [Seeking Alpha]
Korea Electric Power Corporation (KEP)
US:NYSE Investor Relations:
home.kepco.co.kr/kepco/en/ntcob/list.do?boardcd=brd_000242&menucd=en03040201
Company Research
Source: Seeking Alpha
Kepco ( KEP ) said it will freeze the fuel adjustment price - a key component of the bill for consumers that moves depending on the cost of gas and coal imports - at 5 won/KWh ($0.003) for the period. The stock fell as much as 9% in Seoul, which would mark its biggest drop since January 2023. Kepco ( KEP ) has frozen the quarterly rates since Q1 2024 after raising them three times last year as losses mounted. As of the end of June, Kepco ( KEP ) posted a combined debt of 202.9T won, up 440B won from December, as the company could not raise electricity prices enough to cover soaring fuel costs in an environment of geopolitical risks. Recommended For You More Trending News Recommended For You More Trending News About KEP Stock Related Stocks Trending Analysis Trending News
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KEP
Sec Filings
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K/A
- 11/20/24 - Form 6-K
- KEP's page on the SEC website