Israel Electric Corporation (IEC) (TASE: ELEC.B22) plans to limit the flow of electricity it allocates to the Palestinian Authority (PA), due to the PA's NIS 1.7 billion debt to the company, IEC chairman Yiftah Ron-Tal said today at a debt market forum held by rating company Midroog Ltd. in Tel Aviv. RELATED ARTICLES Israel Electric Corp. raises $1.25b debt IEC chair: We'll streamline without agreement "We have decided to restrict the flow of electricity to the PA starting this week, so that the damage will not increase, given their NIS 1.7 billion debt to the IEC," Ron-Tal stated. "I call on the government not to put this burden on the IEC. It's neither right nor appropriate, because it prevents us from acting against consumers who don't pay us." Published by Globes [online], Israel business news - www.globes-online.com - on November 18, 2014 © Copyright of Globes Publisher Itonut (1983) Ltd. 2014
