PPC six-year business plan crucial to CEO’s future

Power utility Public Power Corporation (PPC) is expected to unveil its six-year business plan today in what will play a crucial role as to whether CEO Takis Athanassopoulos stays on at the company’s helm. Athanassapoulos informed PPC’s union group last week of plans to hike tariffs by well above annual inflation rates over the 2009-2014 period to help finance a 13-billion-euro investment program. The news angered government officials eager to prove that the conservatives are taking steps to protect households from the global crisis. Sources said that the annual price hikes to be included in today’s business plans are likely to be in line with inflation.