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Here are the minutes from the Commission meeting last Wednesday which we
discussed in our teleconference. Sorry you were not on the original addressee list. ---------------------- Forwarded by Peter Styles/LON/ECT on 25/06/2001 15:19 --------------------------- Nailia Dindarova 21/06/2001 19:06 To: Paul Mead/LON/ECT@ECT, Ross Sankey/LON/ECT, Eric Shaw/LON/ECT, Paul Hennemeyer/LON/ECT, Doug Wood/LON/ECT, Paul Dawson/Govt. Affairs/LON/ECT cc: Peter Styles/LON/ECT@ECT, Brendan Devlin/EU/Enron@Enron Subject: Re: EC on energy market distortions As anticipated in Peter's e-mail below, please see attached the English translation of the relevant abstract (Art 15) from the minutes of yesterday's discussion at the Commission. It is indeed quite an encouraging read. Whereas the press release sent out before (attached here below as well) suggested that the Commission "would consider" adopting its own Directive under the provisions of Art. 86 (para 3), the minutes seem to go a step further and imply that the Commissions regards it as a next action for itself if the Council and the Parliament delay the adoption of the acceleration proposal. The text also emphasizes that the Commission's legislation will still have to be subject to the "obligations of services of general economic interest", which could of course have a negative impact on the content of the actual Directive. The minutes of the Commission's meetings are binding. Peter Styles 21/06/2001 13:32 To: Paul Mead/LON/ECT@ECT, Ross Sankey/LON/ECT, Eric Shaw/LON/ECT cc: Brendan Devlin/EU/Enron@Enron, Nailia Dindarova/LON/ECT@ECT, Paul Hennemeyer/LON/ECT, Doug Wood/LON/ECT Subject: EC on energy market distortions Further to Ross's question about "good news for EdF?" see also note below. We have subsequently received from Amaia the French text of the Commission's discussion yesterday on new measures to address the distortions. It makes quite encouraging reading. As would be expected, appararently the two French Commissioners were "sticky". Nailia will send you the English version ASAP. -------------------- Forwarded by Peter Styles/LON/ECT on 06/21/2001 01:13 PM --------------------------- Amaia BeteluBazo <Amaia.Betelu@citigatepa.com< on 06/20/2001 05:22:16 PM To: "Peter Styles (E-mail)" <Peter.Styles@enron.com< cc: "Nailia Dindarova (E-mail)" <Nailia.Dindarova@enron.com<, Thierry LeBeaux <Thierry.Lebeaux@citigatepa.com< Subject: Note on energy market distortions Dear Peter, I have unsuccessfully tried to contact you over the telephone. I therefore attach some comments on the Commission's note on energy market distortion, which we will be happy to discuss whenever it is most convenient for you. The official in charge of the internal note presented today by Commissioner de Palacio has indicated that the ongoing discussion on EdF's international activities has required the Commission to provide some indication of what its attitude will be in the near future regarding possible distortions of competition in the energy sector. The official has also indicated that the document seeks to push for the adoption of the Commission proposals for the completion of the energy internal market which will allow to put an end to the current distortions. According to the press release the Commission intends to apply the Treaty's competition rules in the energy sector and would consider to adopt Decisions or Directive itself to address possible distortions of competition resulting from different levels of liberalisation. We are contacting Commissioner de Palacio's cabinet as well as some other officials within the Commission and will report to you again on this issue as soon as possible. Regards, Amaia <<Pres release 20.06.01.doc<< - Pres release 20.06.01.doc
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