Dutch grid operator TenneT swings to first-half operating loss

AMSTERDAM (Reuters) – Dutch grid operator TenneT swung to an operating loss of 685 million euros ($700 million) in the first half of 2022, it said on Friday, largely because of higher costs it plans to recoup from customers later.

In the same period a year earlier the state-owned company, which is the largest operator of electric grids in the Netherlands and Germany, reported operating profit of 300 million euros.

($1 = 0.9789 euros)

(Reporting by Toby Sterling; Editing by David Goodman)

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