Engie CEO Says Italy’s Windfall Tax Is Flawed, Talks Under Way

Italy’s plan to raise its windfall tax on energy-industry profits has “flaws” in its methodology, and talks are taking place on the matter, Engie CEO Catherine MacGregor said on a conference call following 1Q earnings.

• Governments have to balance the desire for such taxes with the need for investment by companies such as Engie, MacGregor said
• READ, May 2: Italy Raises Windfall Tax on Energy Industry Profits to 25%
• MacGregor declined to comment on reports of a possible acquisition of renewables company GreenYellow
  • While Engie doesn’t rule out new deals such as its recent purchase of Spanish renewable ...