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Enron Mail |
Depending upon your appetite for detail, in varying levels of detail, Peter
and Nailia in our Brussels office have prepared the summaries below regarding the so-called "acceleration directives" of the European Commission, which are to be one of the subjects of the Stockholm Summit this week. Given that these are significant milestones/events for our business, I wanted to pass this along should you be interested in more of the details. mcs ---------------------- Forwarded by Mark Schroeder/LON/ECT on 22/03/2001 14:23 --------------------------- Nailia Dindarova 22/03/2001 13:42 To: Govt Affairs cc: Gregor Baumerich/LON/ECT@ECT, David Gallagher/LON/ECT@ECT, Paul Mead/LON/ECT@ECT, Ross Sankey/LON/ECT@ECT, Eric Shaw/LON/ECT@ECT, Eva Hoeffelman/LON/ECT@ECT, Fiona Grant/LON/ECT@ECT, Andrew Morrison/LON/ECT@ECT, Julie Green/LON/ECT@ECT, Amaia.Betelu@citigatepa.com, laura.currie@edelman.com Subject: Summary of the Commission's acceleration package! Please see attached our summaries of the legislative package adopted by the European Commission on 13/03/01, which includes a proposal for a new Directive (so-called 'Acceleration Directive' , amending the existing Directives on internal market in electricity and gas) and a Regulation on cross-border trade in electricity. We have previously circulated summaries of the drafts of these two documents (as of February when the proposals were still in the phase of inter-service consulation within the Commission) which I am reattaching here for your convenience (Annexes 2 and 4). There have been some changes made to the text of the Directive since the February draft version and we have summarised most important of those in the new documents attached (Annex 1). Most of these changes we regard as positive. In particular: the stipulation of ancillary services' definition to include flexible mechanisms such as load balancing and blending along with the storage services in gas and the requirement that the main commercial conditions for those are published has been requested by us during the meetings with the DG TREN officials in early March we insisted on the obligation for an independent regulator to ensure cost-reflectivity of the transmission tariffs, which is now included in an expanded list of the regulator's responsibilities our message that legal unbundling for is essential for distribution as well as for transmission has been channeled through a number of position papers which we have signed up to through various associations. Also, the Regulation on cross-border trade in electricity has been amended in a manner which enhances the clarity of drafting (see Annex 3). In particular, occasional references to 'individual transactions' which we thought were very unfortunate in the February draft (given that any transaction-related tariffs were forbidden) have been eliminated in the final text. Also, a new Annex to the Regulation has been added. It basically endorses Florence conclusions on congestion management and allocation of capacity and is very good stuff overall. Enron Europe's press statement endorsing the Commission's legislative initiative overall and highlighting key provisions of the adopted proposal was issued on 21/03/01. I will be presenting this proposal in more detail during our Government Affairs off-site next week and hope we can have a useful discussion as to the implications this legislation will have on our efforts in individual Member States. Eric, Peter has also suggested that we may come to make a presentation to your group if you think this would be helpful. Annex 1. Annex 2. Annex 3. Annex 4
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