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In Valais, the 55 Million Debts of the Electricity Distributor Altis Shock the Rich Town of Val De Bagnes

Summary by Le Temps
Despite its monopoly, the regional distributor of water and electricity in the Verbier region has accumulated more than 55 million francs of debt and has no more cash. The management has resigned and the group is subject to an audit. The president of the commune tries to reassure Appointed last June, the chairman of the board of directors Stéphane Luisier will not answer questions before the publication of the audit report, scheduled "by the end…
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Despite its monopoly, the regional distributor of water and electricity in the Verbier region has accumulated more than 55 million francs of debt and has no more cash. The management has resigned and the group is subject to an audit. The president of the commune tries to reassure Appointed last June, the chairman of the board of directors Stéphane Luisier will not answer questions before the publication of the audit report, scheduled "by the end…

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Le Temps broke the news in on Tuesday, September 16, 2025.
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