# Europos Sąjungos C 92/2015

| | ISSN 1977-0960 |
| --- | --- |
| Europos Sąjungos
  oficialusis leidinys | C 92 |
| | |
| Leidimas lietuvių kalba | Informacija ir pranešimai | 58 tomas2015m. kovo 19d. |

ISSN 1977-0960

Europos Sąjungos

oficialusis leidinys

C 92

Leidimas lietuvių kalba

Informacija ir pranešimai

58 tomas2015m. kovo 19d.

---

| Pranešimo Nr. | Turinys | Puslapis |
| --- | --- | --- |
| | IV   Pranešimai |
| | EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRANEŠIMAI |
| | Taryba |
| 2015/C 092/01 | Pranešimas asmeniui, kuriam taikomos ribojamosios priemonės, numatytos Tarybos sprendime 2013/255/BUSP ir Tarybos reglamente (ES) Nr. 36/2012 dėl ribojamųjų priemonių, atsižvelgiant į padėtį Sirijoje | 1 |
| | Europos Komisija |
| 2015/C 092/02 | Euro kursas | 2 |
| | PRANEŠIMAI, SUSIJĘ SU EUROPOS EKONOMINE ERDVE |
| | ELPA Priežiūros tarnyba |
| 2015/C 092/03 | Kvietimas teikti pastabas pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 3 protokolo I dalies 1 straipsnio 2 dalį dėl valstybės pagalbos klausimų, susijusių su energijos teikimo susitarimu tarp Islandijos nacionalinės energijos tiekimo bendrovės Landsvirkjun ir PCC Bakki Silicon hf. ir elektros perdavimo sutartimi tarp Landsvirkjun patronuojamosios bendrovės – perdavimo sistemos operatoriaus Landsnet ir PCC Bakki Silicon hf. dėl planuojamos silicio metalo gamyklos, turinčios 33000 tonų per metus pajėgumą, statymo Islandijoje | 3 |

Pranešimo Nr.

Turinys

Puslapis

IV   Pranešimai

EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRANEŠIMAI

Taryba

2015/C 092/01

Pranešimas asmeniui, kuriam taikomos ribojamosios priemonės, numatytos Tarybos sprendime 2013/255/BUSP ir Tarybos reglamente (ES) Nr. 36/2012 dėl ribojamųjų priemonių, atsižvelgiant į padėtį Sirijoje

1

Europos Komisija

2015/C 092/02

Euro kursas

2

PRANEŠIMAI, SUSIJĘ SU EUROPOS EKONOMINE ERDVE

ELPA Priežiūros tarnyba

2015/C 092/03

Kvietimas teikti pastabas pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 3 protokolo I dalies 1 straipsnio 2 dalį dėl valstybės pagalbos klausimų, susijusių su energijos teikimo susitarimu tarp Islandijos nacionalinės energijos tiekimo bendrovės Landsvirkjun ir PCC Bakki Silicon hf. ir elektros perdavimo sutartimi tarp Landsvirkjun patronuojamosios bendrovės – perdavimo sistemos operatoriaus Landsnet ir PCC Bakki Silicon hf. dėl planuojamos silicio metalo gamyklos, turinčios 33000 tonų per metus pajėgumą, statymo Islandijoje

Landsvirkjun

PCC Bakki Silicon hf.

Landsvirkjun

Landsnet

PCC Bakki Silicon hf.

3

---

| | V   Nuomonės |
| --- | --- |
| | ADMINISTRACINĖS PROCEDŪROS |
| | Europos personalo atrankos tarnyba (EPSO) |
| 2015/C 092/04 | Pranešimas apie viešąjį konkursą | 30 |
| | TEISINĖS PROCEDŪROS |
| | ELPA Teismas |
| 2015/C 092/05 | 2014 m. rugpjūčio 28 d. Teismo sprendimas, byloje E-25/13 – Gunnar V. Engilbertsson prieš Íslandsbanki hf. (Priežiūros institucijos ir Teismo susitarimo 34 straipsnis – Apeliacija dėl prašymo dėl patariamosios nuomonės – Hipotekos paskolų indeksavimas – Direktyva 87/102/EEB – Direktyva 93/13/EEB – Veiksmingumo ir lygiavertiškumo principai) | 31 |
| 2015/C 092/06 | 2014 m. rugpjūčio 29 d. Teismo sprendimas, byloje E-24/13 – Casino Admiral AG prieš Wolfgang Egger (Įsisteigimo laisvė – Laisvė teikti paslaugas – Pareiga užtikrinti skaidrumą – Lygiavertiškumo ir veiksmingumo principai) | 32 |
| 2015/C 092/07 | 2013 m. gruodžio 16 d. Teismo sprendimas, byloje E-7/13 – Creditinfo Lánstraust hf. prieš Islandijos registrų centrą ir Islandijos valstybę (Direktyva 2003/98/EB dėl viešojo sektoriaus informacijos pakartotinio naudojimo – Apmokestinimą reglamentuojantys principai – Skaidrumas – Sąnaudų samprata – Savarankiško finansavimo reikalavimai) | 33 |
| 2015/C 092/08 | 2014 m. rugpjūčio 29 d. Teismo sprendimas, byloje E-8/13 – Abelia prieš ELPA priežiūros instituciją (Ieškinys dėl ELPA priežiūros institucijos sprendimo panaikinimo – Tinkamas atstovavimas teisme – Valstybės pagalba – Tariama pagalba, suteikta nuomotojams, nuomojantiems patalpas valstybinėms mokykloms – Sprendimas nepradėti oficialios tyrimo procedūros – Teisėtas interesas – Buvimo suinteresuotąja šalimi statusas – Konkurencinis ryšys) | 34 |
| 2015/C 092/09 | 2015 m. sausio 21 d. ELPA priežiūros institucijos ieškinys Islandijai (Byla E-1/15) | 35 |
| 2015/C 092/10 | 2015 m. sausio 21 d. ELPA priežiūros institucijos ieškinys Islandijai (Byla E-2/15) | 36 |
| | PROCEDŪROS, SUSIJUSIOS SU KONKURENCIJOS POLITIKOS ĮGYVENDINIMU |
| | Europos Komisija |
| 2015/C 092/11 | Išankstinis pranešimas apie koncentraciją (Byla M.7507 – Wärtsilä/L-3 MSI) – Bylą numatoma nagrinėti supaprastinta tvarka (
  1
  ) | 37 |
| | ADMINISTRACINĖS PROCEDŪROS |
| | Europos Komisija |
| 2015/C 092/12 | Paraiškos paskelbimas pagal Europos Parlamento ir Tarybos reglamento (ES) Nr. 1151/2012 dėl žemės ūkio ir maisto produktų kokybės sistemų 50 straipsnio 2 dalies a punktą | 38 |

V   Nuomonės

ADMINISTRACINĖS PROCEDŪROS

Europos personalo atrankos tarnyba (EPSO)

2015/C 092/04

Pranešimas apie viešąjį konkursą

30

TEISINĖS PROCEDŪROS

ELPA Teismas

2015/C 092/05

2014 m. rugpjūčio 28 d. Teismo sprendimas, byloje E-25/13 – Gunnar V. Engilbertsson prieš Íslandsbanki hf. (Priežiūros institucijos ir Teismo susitarimo 34 straipsnis – Apeliacija dėl prašymo dėl patariamosios nuomonės – Hipotekos paskolų indeksavimas – Direktyva 87/102/EEB – Direktyva 93/13/EEB – Veiksmingumo ir lygiavertiškumo principai)

Íslandsbanki hf. (Priežiūros institucijos ir Teismo susitarimo 34 straipsnis – Apeliacija dėl prašymo dėl patariamosios nuomonės – Hipotekos paskolų indeksavimas – Direktyva 87/102/EEB – Direktyva 93/13/EEB – Veiksmingumo ir lygiavertiškumo principai)

31

2015/C 092/06

2014 m. rugpjūčio 29 d. Teismo sprendimas, byloje E-24/13 – Casino Admiral AG prieš Wolfgang Egger (Įsisteigimo laisvė – Laisvė teikti paslaugas – Pareiga užtikrinti skaidrumą – Lygiavertiškumo ir veiksmingumo principai)

Casino Admiral AG prieš Wolfgang Egger (Įsisteigimo laisvė – Laisvė teikti paslaugas – Pareiga užtikrinti skaidrumą – Lygiavertiškumo ir veiksmingumo principai)

32

2015/C 092/07

2013 m. gruodžio 16 d. Teismo sprendimas, byloje E-7/13 – Creditinfo Lánstraust hf. prieš Islandijos registrų centrą ir Islandijos valstybę (Direktyva 2003/98/EB dėl viešojo sektoriaus informacijos pakartotinio naudojimo – Apmokestinimą reglamentuojantys principai – Skaidrumas – Sąnaudų samprata – Savarankiško finansavimo reikalavimai)

(Direktyva 2003/98/EB dėl viešojo sektoriaus informacijos pakartotinio naudojimo – Apmokestinimą reglamentuojantys principai – Skaidrumas – Sąnaudų samprata – Savarankiško finansavimo reikalavimai)

33

2015/C 092/08

2014 m. rugpjūčio 29 d. Teismo sprendimas, byloje E-8/13 – Abelia prieš ELPA priežiūros instituciją (Ieškinys dėl ELPA priežiūros institucijos sprendimo panaikinimo – Tinkamas atstovavimas teisme – Valstybės pagalba – Tariama pagalba, suteikta nuomotojams, nuomojantiems patalpas valstybinėms mokykloms – Sprendimas nepradėti oficialios tyrimo procedūros – Teisėtas interesas – Buvimo suinteresuotąja šalimi statusas – Konkurencinis ryšys)

Abelia

(Ieškinys dėl ELPA priežiūros institucijos sprendimo panaikinimo – Tinkamas atstovavimas teisme – Valstybės pagalba – Tariama pagalba, suteikta nuomotojams, nuomojantiems patalpas valstybinėms mokykloms – Sprendimas nepradėti oficialios tyrimo procedūros – Teisėtas interesas – Buvimo suinteresuotąja šalimi statusas – Konkurencinis ryšys)

34

2015/C 092/09

2015 m. sausio 21 d. ELPA priežiūros institucijos ieškinys Islandijai (Byla E-1/15)

35

2015/C 092/10

2015 m. sausio 21 d. ELPA priežiūros institucijos ieškinys Islandijai (Byla E-2/15)

36

PROCEDŪROS, SUSIJUSIOS SU KONKURENCIJOS POLITIKOS ĮGYVENDINIMU

Europos Komisija

2015/C 092/11

Išankstinis pranešimas apie koncentraciją (Byla M.7507 – Wärtsilä/L-3 MSI) – Bylą numatoma nagrinėti supaprastinta tvarka (
  1
  )

1

37

ADMINISTRACINĖS PROCEDŪROS

Europos Komisija

2015/C 092/12

Paraiškos paskelbimas pagal Europos Parlamento ir Tarybos reglamento (ES) Nr. 1151/2012 dėl žemės ūkio ir maisto produktų kokybės sistemų 50 straipsnio 2 dalies a punktą

38

---

| | |
| --- | --- |
| | (1)   Tekstas svarbus EEE |

---

(1)   Tekstas svarbus EEE

1

| LT | |
| --- | --- |

LT

---

IV Pranešimai

EUROPOS SĄJUNGOS INSTITUCIJŲ, ĮSTAIGŲ IR ORGANŲ PRANEŠIMAI

Taryba

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/1 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/1

---

Pranešimas asmeniui, kuriam taikomos ribojamosios priemonės, numatytos Tarybos sprendime 2013/255/BUSP ir Tarybos reglamente (ES) Nr. 36/2012 dėl ribojamųjų priemonių, atsižvelgiant į padėtį Sirijoje

(2015/C 92/01)

Toliau pateikta informacija yra skirta Amr Armanazi (dar žinomas kaip Amr Muhammad Najib Al-Armanazi, Amr Najib Armanazi, Amrou Al-Armanazy), nurodytam Tarybos sprendimo 2013/255/BUSP (1) I priede ir Tarybos reglamento (ES) Nr. 36/2012 (2) dėl ribojamųjų priemonių, atsižvelgiant į padėtį Sirijoje, II priede.

Taryba ketina ir toliau taikyti ribojamąsias priemones pirmiau nurodytam asmeniui remdamasi nauju motyvų pareiškimu. A. Armanazi dėmesys atkreipiamas į tai, kad iki 2015 m. kovo 27 d. jis gali pateikti Tarybai prašymą gauti numatomą jo įtraukimo į sąrašą motyvų pareiškimą šiuo adresu:

| Council of the European Union |
| --- |
| General Secretariat |
| DG C 1C |
| Rue de la Loi/Wetstraat 175 |
| 1048 Bruxelles/Brussel |
| BELGIQUE/BELGIË |
| El. paštas: sanctions@consilium.europa.eu |

Council of the European Union

General Secretariat

DG C 1C

Rue de la Loi/Wetstraat 175

1048 Bruxelles/Brussel

BELGIQUE/BELGIË

El. paštas: sanctions@consilium.europa.eu

---

(1)  OL L 147, 2013 6 1, p. 14.

(2)  OL L 16, 2012 1 19, p. 1.

---

Europos Komisija

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/2 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/2

---

Euro kursas (1)

2015 m. kovo 18 d.

(2015/C 92/02)

1 euro =

| | Valiuta | Valiutos kursas |
| --- | --- | --- |
| USD | JAV doleris | 1,0592 |
| JPY | Japonijos jena | 128,35 |
| DKK | Danijos krona | 7,4591 |
| GBP | Svaras sterlingas | 0,72300 |
| SEK | Švedijos krona | 9,3325 |
| CHF | Šveicarijos frankas | 1,0627 |
| ISK | Islandijos krona | |
| NOK | Norvegijos krona | 8,9000 |
| BGN | Bulgarijos levas | 1,9558 |
| CZK | Čekijos krona | 27,318 |
| HUF | Vengrijos forintas | 304,00 |
| PLN | Lenkijos zlotas | 4,1466 |
| RON | Rumunijos lėja | 4,4493 |
| TRY | Turkijos lira | 2,7793 |
| AUD | Australijos doleris | 1,3901 |
| CAD | Kanados doleris | 1,3583 |
| HKD | Honkongo doleris | 8,2178 |
| NZD | Naujosios Zelandijos doleris | 1,4461 |
| SGD | Singapūro doleris | 1,4735 |
| KRW | Pietų Korėjos vonas | 1 196,29 |
| ZAR | Pietų Afrikos randas | 13,1048 |
| CNY | Kinijos ženminbi juanis | 6,5982 |
| HRK | Kroatijos kuna | 7,6460 |
| IDR | Indonezijos rupija | 13 956,88 |
| MYR | Malaizijos ringitas | 3,9292 |
| PHP | Filipinų pesas | 47,496 |
| RUB | Rusijos rublis | 64,9000 |
| THB | Tailando batas | 34,878 |
| BRL | Brazilijos realas | 3,4283 |
| MXN | Meksikos pesas | 16,3169 |
| INR | Indijos rupija | 66,4754 |

Valiuta

Valiutos kursas

USD

JAV doleris

1,0592

JPY

Japonijos jena

128,35

DKK

Danijos krona

7,4591

GBP

Svaras sterlingas

0,72300

SEK

Švedijos krona

9,3325

CHF

Šveicarijos frankas

1,0627

ISK

Islandijos krona

NOK

Norvegijos krona

8,9000

BGN

Bulgarijos levas

1,9558

CZK

Čekijos krona

27,318

HUF

Vengrijos forintas

304,00

PLN

Lenkijos zlotas

4,1466

RON

Rumunijos lėja

4,4493

TRY

Turkijos lira

2,7793

AUD

Australijos doleris

1,3901

CAD

Kanados doleris

1,3583

HKD

Honkongo doleris

8,2178

NZD

Naujosios Zelandijos doleris

1,4461

SGD

Singapūro doleris

1,4735

KRW

Pietų Korėjos vonas

1 196,29

ZAR

Pietų Afrikos randas

13,1048

CNY

Kinijos ženminbi juanis

6,5982

HRK

Kroatijos kuna

7,6460

IDR

Indonezijos rupija

13 956,88

MYR

Malaizijos ringitas

3,9292

PHP

Filipinų pesas

47,496

RUB

Rusijos rublis

64,9000

THB

Tailando batas

34,878

BRL

Brazilijos realas

3,4283

MXN

Meksikos pesas

16,3169

INR

Indijos rupija

66,4754

---

(1)  Šaltinis: valiutų perskaičiavimo kursai paskelbti ECB.

---

PRANEŠIMAI, SUSIJĘ SU EUROPOS EKONOMINE ERDVE

ELPA Priežiūros tarnyba

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/3 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/3

---

Kvietimas teikti pastabas pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 3 protokolo I dalies 1 straipsnio 2 dalį dėl valstybės pagalbos klausimų, susijusių su energijos teikimo susitarimu tarp Islandijos nacionalinės energijos tiekimo bendrovės Landsvirkjun ir PCC Bakki Silicon hf. ir elektros perdavimo sutartimi tarp Landsvirkjun patronuojamosios bendrovės – perdavimo sistemos operatoriaus Landsnet ir PCC Bakki Silicon hf. dėl planuojamos silicio metalo gamyklos, turinčios 33 000 tonų per metus pajėgumą, statymo Islandijoje

(2015/C 92/03)

2014 m. gruodžio 10 d. Sprendimu Nr. 543/14/COL, pateiktu originalo kalba po šios santraukos, ELPA priežiūros institucija pradėjo procedūrą pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 3 protokolo I dalies 1 straipsnio 2 dalį. Islandijos valdžios institucijoms perduota šio sprendimo kopija.

ELPA priežiūros institucija šiuo pranešimu ragina ELPA valstybes, ES valstybes nares ir suinteresuotąsias šalis pateikti pastabas dėl minėtos priemonės per vieną mėnesį nuo šio pranešimo paskelbimo adresu:

| EFTA Surveillance Authority |
| --- |
| Registry |
| Rue Belliard/Belliardstraat 35 |
| 1040 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

EFTA Surveillance Authority

Registry

Rue Belliard/Belliardstraat 35

1040 Bruxelles/Brussel

BELGIQUE/BELGIË

Šios pastabos bus perduotos Islandijos valdžios institucijoms. Pastabas teikianti suinteresuotoji šalis gali pateikti pagrįstą raštišką prašymą neatskleisti jos tapatybės.

SANTRAUKA

Procedūra

Siekdamos teisinio aiškumo pagal 3 protokolo I dalies 1 straipsnio 3 dalį, 2014 m. balandžio 15 d. ir 17 d. Islandijos valdžios institucijos pranešė Institucijai apie 2014 m. kovo 17 d. įsigaliojusį energijos tiekimo susitarimą tarp Islandijos nacionalinės energijos tiekimo bendrovės Landsvirkjun ir PCC Bakki Silicon hf.2014 m. gegužės 19 d. raštu Institucija paprašė Islandijos valdžios institucijas pateikti papildomos informacijos apie elektros energijos kainą ir perdavimo sistemos operatoriaus būtinas investicijas į elektros energijos perdavimo ir paskirstymo sistemą. 2014 m. birželio 19 d. Institucija gavo Landsvirkjun dalinį atsakymą. 2014 m. liepos 22 d. Institucija išsiuntė antrą prašymą pateikti informacijos, į kurį Landsvirkjun atsakė 2014 m. rugsėjo 23 d., o Islandijos valdžios institucijos atsakymą pateikė 2014 m. balandžio 20 d.

Priemonės įvertinimas

PCC Bakki Silicon hf. yra Islandijoje registruota ribotos atsakomybės bendrovė, priklausanti Duisburge, Vokietijoje įsisteigusiai tarptautinei kontroliuojančiajai bendrovei. Bendrovė planuoja šiaurės rytų Islandijoje statyti ir eksploatuoti intensyviai energiją naudojančią silikono metalo gamyklą. Tuo tikslu buvo sudaryta sutartis su valstybine elektros energijos bendrove Landsvirkjun dėl 58 megavatų elektros energijos tiekimo 15 metų laikotarpiu.

Islandija pranešė Institucijai apie susitarimą, siekdama teisinio aiškumo. Valstybinė elektros energijos bendrovė statys geoterminę elektrinę, kad galėtų tiekti elektros energiją silikono metalo gamyklai. Landsvirkjun pateikti elektrinės pelningumo skaičiavimai rodo, kad, remiantis jau turėtomis elektrinės statymo sąnaudomis, ir turint omenyje planuojamas pajamas iš elektros energijos tiekimo susitarimo, ji nebus pelninga. Todėl Institucija abejoja, ar nacionalinė elektros energijos bendrovė veikė kaip rinkos ekonomikos dalyvis.

Be to, perdavimo sistemos operatorius Landsnet sudarė su PCC Bakki Silicon hf. perdavimo sutartį dėl susitarime numatytos elektros energijos perdavimo, kuri kelia abejonių dėl atitikimo Islandijos teisės aktais nustatytoms taisyklėms dėl sąnaudų padengimo iš naujo intensyviai energiją naudojančio prie nacionalinės elektros energijos perdavimo ir paskirstymo sistemos prisijungusio vartotojo lėšų i) jam mokant papildomą mokestį dėl to, kad buvo sumažinta elektros energijos iš perdavimo įtampos įtampa (įtampos sumažinimo mokestis); ir ii) jam iš dalies padengiant papildomas sąnaudas, kurios paprastai susidarytų esamiems tinklo naudotojams dėl prisijungusio ir intensyviai energiją naudojantis vartotojo (sistemos įnašas). Kaip išimtis gali būti teikiama valstybės pagalba.

Išvada

Atsižvelgdama į pirmiau išdėstytus faktus, Institucija abejoja, ar elektros energijos tiekimo sutarties sąlygos, įtampos sumažinimo mokestis ir sistemos indėlis į elektros energijos perdavimo susitarimą turi valstybės pagalbos elementų, kaip apibrėžta EEE susitarimo 61 straipsnio 1 dalyje, kuri sutampa su 61 straipsnio 3 dalimi.

Todėl, atsižvelgdama į pirmesnius argumentus, Institucija nusprendė pradėti oficialią tyrimo procedūrą pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 3 protokolo I dalies 1 straipsnio 2 dalį dėl elektros energijos susitarimo ir įtampos sumažinimo mokesčio, ir dėl sistemos įnašo į perdavimo susitarimą su PCC Bakki Silicon hf.

Suinteresuotųjų šalių prašoma pateikti savo pastabas per mėnesį nuo šio pranešimo paskelbimo Europos Sąjungos oficialiajame leidinyje.

EFTA SURVEILLANCE AUTHORITY DECISION

No 543/14/COL

of 10 December 2014

to initiate the formal investigation procedure with regard to the Power Contract and the Transmission Agreement for the PCC Silicon Metal Plant at Bakki

(Iceland)

[non-confidential version]

THE EFTA SURVEILLANCE AUTHORITY (‘THE AUTHORITY’),

HAVING REGARD to the Agreement on the European Economic Area (‘the EEA Agreement’), in particular to Articles 61 to 63 and Protocol 26,

HAVING REGARD to the Agreement between the EFTA States on the Establishment of a Surveillance Authority and a Court of Justice (‘the Surveillance and Court Agreement’), in particular to Article 24,

HAVING REGARD to Protocol 3 to the Surveillance and Court Agreement (‘Protocol 3’), in particular to Article 1(3) of Part I and Articles 4(4) and 6 of Part II,

HAVING REGARD to the consolidated version of the Authority's Decision No 195/04/COL of 14 July 2004 on the implementing provisions referred to under Article 27 of Part II of Protocol 3,

Whereas:

I.   FACTS

1.   Procedure

| (1) | By letter submitted electronically on 15 April 2014 (1) and a letter from Landsvirkjun, the national power company, received on 17 April 2014 (2), the Icelandic authorities notified for legal certainty a contract on the sale of electric power for a silicon metal plant to be constructed and operated by PCC Bakki-Silicon hf. at Bakki at Húsavík in North-East Iceland pursuant to Article 1(3) of Part I of Protocol 3. |
| --- | --- |

(1)

By letter submitted electronically on 15 April 2014 (1) and a letter from Landsvirkjun, the national power company, received on 17 April 2014 (2), the Icelandic authorities notified for legal certainty a contract on the sale of electric power for a silicon metal plant to be constructed and operated by PCC Bakki-Silicon hf. at Bakki at Húsavík in North-East Iceland pursuant to Article 1(3) of Part I of Protocol 3.

| (2) | By letter dated 19 May 2014 (3) the Authority requested additional information from the Icelandic authorities regarding the pricing of electricity and the necessary investment. The Authority received a partial reply on 19 June 2014 by way of registered mail from Landsvirkjun (4). The Authority sent a second information request on 22 July 2014 (5) to which it received a reply from Landsvirkjun by way of registered mail on 23 September 2014 (6) and from the Icelandic authorities by an electronically submitted letter on 20 October 2014 (7). Landsvirkjun also submitted information by way of e-mail on 22 August 2014 (8). |
| --- | --- |

(2)

By letter dated 19 May 2014 (3) the Authority requested additional information from the Icelandic authorities regarding the pricing of electricity and the necessary investment. The Authority received a partial reply on 19 June 2014 by way of registered mail from Landsvirkjun (4). The Authority sent a second information request on 22 July 2014 (5) to which it received a reply from Landsvirkjun by way of registered mail on 23 September 2014 (6) and from the Icelandic authorities by an electronically submitted letter on 20 October 2014 (7). Landsvirkjun also submitted information by way of e-mail on 22 August 2014 (8).

2.   Description of the measures and the parties

2.1.   
  The background and the scope of this Decision

| (3) | By Decision No 111/14/COL (9), adopted on 12 March 2014, the Authority approved 23,33 million EUR (net present value (NPV) 13,64 million) regional investment aid to PCC Bakki-Silicon hf. for its planned energy-intensive silicon metal plant in Bakki at Húsavík, according to an investment agreement entered into between the company and the Icelandic Government on 27 September 2013 on the basis of Act No 52/2013 (‘the PCC Act’). The investment agreement was notified to the Authority on 4 July 2013 and in the course of the administrative procedure of that case the Icelandic authorities informed the Authority that a power purchase agreement had been signed between Landsvirkjun and PCC Bakki-Silicon hf. on 28 June 2012 for the purposes of providing PCC Bakki-Silicon with the contract power, 52 – 58 megawatts (MW). However, the exact terms and conditions were not yet concluded. Furthermore, they explained that the national transmission system operator, Landsnet, and PCC Bakki-Silicon hf. were discussing an agreement on the transmission of the contract power. The Icelandic authorities informed that they intended to later notify a power purchase agreement for reasons of legal certainty. Therefore, agreements relating to the power were not subject to assessment in Decision No 111/14/COL (10). |
| --- | --- |

(3)

By Decision No 111/14/COL (9), adopted on 12 March 2014, the Authority approved 23,33 million EUR (net present value (NPV) 13,64 million) regional investment aid to PCC Bakki-Silicon hf. for its planned energy-intensive silicon metal plant in Bakki at Húsavík, according to an investment agreement entered into between the company and the Icelandic Government on 27 September 2013 on the basis of Act No 52/2013 (‘the PCC Act’). The investment agreement was notified to the Authority on 4 July 2013 and in the course of the administrative procedure of that case the Icelandic authorities informed the Authority that a power purchase agreement had been signed between Landsvirkjun and PCC Bakki-Silicon hf. on 28 June 2012 for the purposes of providing PCC Bakki-Silicon with the contract power, 52 – 58 megawatts (MW). However, the exact terms and conditions were not yet concluded. Furthermore, they explained that the national transmission system operator, Landsnet, and PCC Bakki-Silicon hf. were discussing an agreement on the transmission of the contract power. The Icelandic authorities informed that they intended to later notify a power purchase agreement for reasons of legal certainty. Therefore, agreements relating to the power were not subject to assessment in Decision No 111/14/COL (10).

| (4) | The power purchase agreement subject to assessment in the present case was entered into between Landsvirkjun and PCC Bakki-Silicon hf. on 17 March 2014 (‘the Power Contract’) (11). It refers to a separate agreement, entered into on 7 February 2014, between Landsnet and PCC Bakki-Silicon hf., on the transmission of the contract power (‘the Transmission Agreement’) (12). The Power Contract and the Transmission Agreement are so closely linked to each other that they are considered to be inseparable from one another. Therefore, the Authority will in this Decision assess the relevant elements of both agreements. |
| --- | --- |

(4)

The power purchase agreement subject to assessment in the present case was entered into between Landsvirkjun and PCC Bakki-Silicon hf. on 17 March 2014 (‘the Power Contract’) (11). It refers to a separate agreement, entered into on 7 February 2014, between Landsnet and PCC Bakki-Silicon hf., on the transmission of the contract power (‘the Transmission Agreement’) (12). The Power Contract and the Transmission Agreement are so closely linked to each other that they are considered to be inseparable from one another. Therefore, the Authority will in this Decision assess the relevant elements of both agreements.

2.2.   
  The contracting parties

2.2.1.   PCC

| (5) | PCC Bakki-Silicon hf. (‘PCC’) is a limited liability company incorporated in Iceland in June 2012, majority owned by PCC SE, an international holding company based in Duisburg, Germany. The group employs more than 2 800 employees at 36 sites in 16 countries. Their group sales are generated in three divisions, i.e. chemicals, energy and logistics. In 2013, group sales amounted to EUR 625 million (13). |
| --- | --- |

(5)

PCC Bakki-Silicon hf. (‘PCC’) is a limited liability company incorporated in Iceland in June 2012, majority owned by PCC SE, an international holding company based in Duisburg, Germany. The group employs more than 2 800 employees at 36 sites in 16 countries. Their group sales are generated in three divisions, i.e. chemicals, energy and logistics. In 2013, group sales amounted to EUR 625 million (13).

2.2.2.   Landsvirkjun

| (6) | Landsvirkjun is a public partnership company regulated by Act No 42/1983 on Landsvirkjun, as amended (‘the Landsvirkjun Act’). |
| --- | --- |

(6)

Landsvirkjun is a public partnership company regulated by Act No 42/1983 on Landsvirkjun, as amended (‘the Landsvirkjun Act’).

| (7) | The company was established as an enterprise, jointly owned by the State Treasury and the City of Reykjavík in equal parts, on the basis of Act No 59/1965 on Landsvirkjun (14), by a Partnership Agreement of 1 July 1965 between the Government of Iceland and the City Council of Reykjavík. Laxá Power Station, a power company jointly owned by the Town of Akureyri and the State Treasury, was merged with Landsvirkjun with effect from 1 July 1983 and as a result Landsvirkjun became a national electricity company operating all over Iceland, whereas it had been operating only in parts of the country before. |
| --- | --- |

(7)

The company was established as an enterprise, jointly owned by the State Treasury and the City of Reykjavík in equal parts, on the basis of Act No 59/1965 on Landsvirkjun (14), by a Partnership Agreement of 1 July 1965 between the Government of Iceland and the City Council of Reykjavík. Laxá Power Station, a power company jointly owned by the Town of Akureyri and the State Treasury, was merged with Landsvirkjun with effect from 1 July 1983 and as a result Landsvirkjun became a national electricity company operating all over Iceland, whereas it had been operating only in parts of the country before.

| (8) | The founding of Landsvirkjun in 1965 may be traced back to the Icelandic government's growing interest in increasing the utilization of hydroelectric energy resources by attracting foreign investors for the energy-intensive industry in Iceland. This happened following the interest of the Swiss aluminium producer Alusuisse in building an aluminium plant in Iceland; the Straumsvík Aluminium Plant, later purchased by Rio Tinto Alcan Iceland. |
| --- | --- |

(8)

The founding of Landsvirkjun in 1965 may be traced back to the Icelandic government's growing interest in increasing the utilization of hydroelectric energy resources by attracting foreign investors for the energy-intensive industry in Iceland. This happened following the interest of the Swiss aluminium producer Alusuisse in building an aluminium plant in Iceland; the Straumsvík Aluminium Plant, later purchased by Rio Tinto Alcan Iceland.

| (9) | Landsvirkjun is by far the largest electricity producer in Iceland with an output of 12 842 gigawatt hours (GWh) in 2013, which according to the company's own estimates, represents approximately 71 % of Iceland's overall electricity production. The company produces electricity from hydro (96 %) and geothermal (4 %) sources and operates 16 power stations (15). |
| --- | --- |

(9)

Landsvirkjun is by far the largest electricity producer in Iceland with an output of 12 842 gigawatt hours (GWh) in 2013, which according to the company's own estimates, represents approximately 71 % of Iceland's overall electricity production. The company produces electricity from hydro (96 %) and geothermal (4 %) sources and operates 16 power stations (15).

| (10) | Landsvirkjun is currently governed by the provisions of the Landsvirkjun Act. According to Article 1(1) of the Act, the legal form of the company is a public partnership with joint liability. The owners are responsible for Landsvirkjun's liabilities as further stipulated in the Landsvirkjun Act. Unlimited State guarantee for of all Landsvirkjun's liabilities was in place until 2011, when a State guarantee on new financial obligations was made subject to an approval by the State and an appropriate premium, whereas it was subject to limited premium before (16). Unlimited guarantee is retained for all liabilities entered into before the entering into force of Act No 21/2011, amending the Landsvirkjun Act. |
| --- | --- |

(10)

Landsvirkjun is currently governed by the provisions of the Landsvirkjun Act. According to Article 1(1) of the Act, the legal form of the company is a public partnership with joint liability. The owners are responsible for Landsvirkjun's liabilities as further stipulated in the Landsvirkjun Act. Unlimited State guarantee for of all Landsvirkjun's liabilities was in place until 2011, when a State guarantee on new financial obligations was made subject to an approval by the State and an appropriate premium, whereas it was subject to limited premium before (16). Unlimited guarantee is retained for all liabilities entered into before the entering into force of Act No 21/2011, amending the Landsvirkjun Act.

| (11) | As of 1 January 2007, the State Treasury took over the ownership shares of the Town of Akureyri and the City of Reykjavík in Landsvirkjun. The company remained a partnership company with joint liability of the owners. Landsvirkjun is now jointly owned by the State Treasury (99,9 %) and Eignarhlutir ehf. (0,1 %). The latter is a limited liability company wholly owned by the State Treasury. The state's interests are controlled by the Ministry of Finance and Economic Affairs. |
| --- | --- |

(11)

As of 1 January 2007, the State Treasury took over the ownership shares of the Town of Akureyri and the City of Reykjavík in Landsvirkjun. The company remained a partnership company with joint liability of the owners. Landsvirkjun is now jointly owned by the State Treasury (99,9 %) and Eignarhlutir ehf. (0,1 %). The latter is a limited liability company wholly owned by the State Treasury. The state's interests are controlled by the Ministry of Finance and Economic Affairs.

| (12) | According to the Landsvirkjun Act, the company shall be financially independent. It is foreseen that Landsvirkjun shall pay dividends to its owners, determined on the basis of the performance of the company and the profits carried forward from preceding years. |
| --- | --- |

(12)

According to the Landsvirkjun Act, the company shall be financially independent. It is foreseen that Landsvirkjun shall pay dividends to its owners, determined on the basis of the performance of the company and the profits carried forward from preceding years.

| (13) | Landsvirkjun's board of directors is composed of five members and an equal number of alternate members, all appointed by the Minister of Finance and Economic Affairs. The board adopts their own Rules of Procedure and according to the information provided by the Icelandic authorities the board functions like any other independent board of directors of a company engaging in competitive business operations (17). |
| --- | --- |

(13)

Landsvirkjun's board of directors is composed of five members and an equal number of alternate members, all appointed by the Minister of Finance and Economic Affairs. The board adopts their own Rules of Procedure and according to the information provided by the Icelandic authorities the board functions like any other independent board of directors of a company engaging in competitive business operations (17).

2.2.3.   Landsnet

| (14) | Following the liberalization of the electricity sector the Electricity Act No 65/2003 (‘the Electricity Act’) was adopted in 2003 and on 1 January 2005 Landsvirkjun's Transmission Division became Landsnet hf., a limited liability company, owned by the Icelandic Treasury, and later a subsidiary of Landsvirkjun (18). Landsnet owns and operates the Icelandic transmission system. |
| --- | --- |

(14)

Following the liberalization of the electricity sector the Electricity Act No 65/2003 (‘the Electricity Act’) was adopted in 2003 and on 1 January 2005 Landsvirkjun's Transmission Division became Landsnet hf., a limited liability company, owned by the Icelandic Treasury, and later a subsidiary of Landsvirkjun (18). Landsnet owns and operates the Icelandic transmission system.

| (15) | According to Article 8 of the Electricity Act, a sole company shall be entrusted with the transmission of electricity in Iceland and the balancing of the electricity. According to the Act, the majority stakeholders in the transmission system operator (‘the TSO’) shall be the State and/or entities or companies solely owned by the State. Act No 75/2004 on Landsnet (‘the Landsnet Act’) established Landsnet as the sole TSO in Iceland. According to the Landsnet Act the company's board of directors is appointed directly by the Minister (of Industry and Commerce) and the board shall operate independently from other companies operating in the field of generation, sale or distribution of electricity. At the outset, the Icelandic Treasury was the sole owner of the shares in Landsnet and subsequently the shares were transferred to state owned utilities in Iceland in exchange for their transmission system assets, which became part of Landsnet's assets. |
| --- | --- |

(15)

According to Article 8 of the Electricity Act, a sole company shall be entrusted with the transmission of electricity in Iceland and the balancing of the electricity. According to the Act, the majority stakeholders in the transmission system operator (‘the TSO’) shall be the State and/or entities or companies solely owned by the State. Act No 75/2004 on Landsnet (‘the Landsnet Act’) established Landsnet as the sole TSO in Iceland. According to the Landsnet Act the company's board of directors is appointed directly by the Minister (of Industry and Commerce) and the board shall operate independently from other companies operating in the field of generation, sale or distribution of electricity. At the outset, the Icelandic Treasury was the sole owner of the shares in Landsnet and subsequently the shares were transferred to state owned utilities in Iceland in exchange for their transmission system assets, which became part of Landsnet's assets.

2.3.   
  The Power Contract and the Transmission Agreement

2.3.1.   The characteristics of the electricity market in Iceland

| (16) | The Icelandic electricity system is an isolated one; no interconnection exists. There have been discussions about an interconnector between Iceland and the UK on a long term horizon, but this is preliminary and no decision has been taken (19). |
| --- | --- |

(16)

The Icelandic electricity system is an isolated one; no interconnection exists. There have been discussions about an interconnector between Iceland and the UK on a long term horizon, but this is preliminary and no decision has been taken (19).

| (17) | As described above, Iceland has attracted energy-intensive users since the creation of Landsvirkjun and its hydroelectric energy resources. The total generation of electricity in Iceland in 2013 was 18 116 GWh, out of which Landsvirkjun generated around 71 %. Landsvirkjun is only active on the wholesale market for electricity, where its competitors are Orka náttúrunnar (Our Nature – ON) and HS Orka. Landsvirkjun's customers are composed of seven energy-intensive users representing purchase of 85 % of the company's output, and six distribution companies, purchasing 13 %, whereas Landsnet, the TSO, purchases 2 % for electricity losses. The sale of the electricity is made through directly-negotiated contracts and the energy-intensive users are connected to the transmission system directly. |
| --- | --- |

(17)

As described above, Iceland has attracted energy-intensive users since the creation of Landsvirkjun and its hydroelectric energy resources. The total generation of electricity in Iceland in 2013 was 18 116 GWh, out of which Landsvirkjun generated around 71 %. Landsvirkjun is only active on the wholesale market for electricity, where its competitors are Orka náttúrunnar (Our Nature – ON) and HS Orka. Landsvirkjun's customers are composed of seven energy-intensive users representing purchase of 85 % of the company's output, and six distribution companies, purchasing 13 %, whereas Landsnet, the TSO, purchases 2 % for electricity losses. The sale of the electricity is made through directly-negotiated contracts and the energy-intensive users are connected to the transmission system directly.

| (18) | The following chart demonstrates the share of consumption between the energy-intensive users (aluminium, ferrosilicon and aluminium foil industry), 80 %, public services, other industrial users and households, 20 %, in 2011 in Iceland. |
| --- | --- |

(18)

The following chart demonstrates the share of consumption between the energy-intensive users (aluminium, ferrosilicon and aluminium foil industry), 80 %, public services, other industrial users and households, 20 %, in 2011 in Iceland.

Image

2.3.2.   Background on the utilization of geothermal energy in the Lake Mývatn area and transmission facilities

| (19) | According to information provided to the Authority in the context of Decision No 111/14/COL (20) the Icelandic authorities, including six municipalities (21) in the North-East of Iceland, have since the beginning of this century made an effort to attract investors to establish an energy-intensive project in Þingeyjarsýsla county, utilising the geothermal resources of the region. A letter of intent was signed between the Icelandic Government and four local municipalities on 25 May 2011, stating that the energy in the area shall be used for industrial development in the region, as described further below in paragraph (24). Landsvirkjun currently operates two geothermal power plants in the Lake Mývatn area: Krafla with 60 MW and Bjarnarflag with 3 MW. The third geothermal area, Þeistareykir, is located between Lake Mývatn and the town of Húsavík, where the PCC Plant is envisaged at a Greenfield site named Bakki. See Figure 2. |
| --- | --- |

(19)

According to information provided to the Authority in the context of Decision No 111/14/COL (20) the Icelandic authorities, including six municipalities (21) in the North-East of Iceland, have since the beginning of this century made an effort to attract investors to establish an energy-intensive project in Þingeyjarsýsla county, utilising the geothermal resources of the region. A letter of intent was signed between the Icelandic Government and four local municipalities on 25 May 2011, stating that the energy in the area shall be used for industrial development in the region, as described further below in paragraph (24). Landsvirkjun currently operates two geothermal power plants in the Lake Mývatn area: Krafla with 60 MW and Bjarnarflag with 3 MW. The third geothermal area, Þeistareykir, is located between Lake Mývatn and the town of Húsavík, where the PCC Plant is envisaged at a Greenfield site named Bakki. See Figure 2.

Image

| (20) | Þeistareykir ehf. was established as a limited liability company in 1998, to engage in research and preparation work in relation to a proposed power plant at Þeistareykir. Landsvirkjun initially became a shareholder in Þeistareykir ehf. in 2005, acquiring a share of 31,97 %. Other shareholders were smaller local power companies and two small municipalities. During 2009 to 2012, Landsvirkjun bought the remaining shares in the company, becoming the sole owner on 1 April 2012. The merger of Þeistareykir ehf. and Landsvirkjun became effective as of 1 July 2013, by an authorization granted by the Parliament, and provided for in Act No 127/2013, amending the Landsvirkjun Act. |
| --- | --- |

(20)

Þeistareykir ehf. was established as a limited liability company in 1998, to engage in research and preparation work in relation to a proposed power plant at Þeistareykir. Landsvirkjun initially became a shareholder in Þeistareykir ehf. in 2005, acquiring a share of 31,97 %. Other shareholders were smaller local power companies and two small municipalities. During 2009 to 2012, Landsvirkjun bought the remaining shares in the company, becoming the sole owner on 1 April 2012. The merger of Þeistareykir ehf. and Landsvirkjun became effective as of 1 July 2013, by an authorization granted by the Parliament, and provided for in Act No 127/2013, amending the Landsvirkjun Act.

| (21) | In 2005, Landsvirkjun initiated a comprehensive exploration program with the aim to develop up to 400 MW of electricity in the geothermal areas close to Lake Mývatn, consisting of Þeistareykir, Bjarnarflag and Krafla. |
| --- | --- |

(21)

In 2005, Landsvirkjun initiated a comprehensive exploration program with the aim to develop up to 400 MW of electricity in the geothermal areas close to Lake Mývatn, consisting of Þeistareykir, Bjarnarflag and Krafla.

| (22) | In 2006, the international aluminium company Alcoa signed a Memorandum of Understanding (‘MoU’) with the Icelandic Government and the municipality of Norðurþing, where Bakki is located, on a feasibility study for an aluminium plant at Bakki using 400 MW of power. MoUs were also signed by Landsvirkjun and Landsnet. The Memorandum between Landsvirkjun and Alcoa expired in 2008 and in 2011 Alcoa officially abandoned the plan for its aluminium plant at Bakki (22). |
| --- | --- |

(22)

In 2006, the international aluminium company Alcoa signed a Memorandum of Understanding (‘MoU’) with the Icelandic Government and the municipality of Norðurþing, where Bakki is located, on a feasibility study for an aluminium plant at Bakki using 400 MW of power. MoUs were also signed by Landsvirkjun and Landsnet. The Memorandum between Landsvirkjun and Alcoa expired in 2008 and in 2011 Alcoa officially abandoned the plan for its aluminium plant at Bakki (22).

| (23) | The environmental impact assessment for a 200 MW power plant at Þeistareykir was completed 24 November 2010 (23). |
| --- | --- |

(23)

The environmental impact assessment for a 200 MW power plant at Þeistareykir was completed 24 November 2010 (23).

| (24) | On 25 May 2011, the Icelandic Government and the municipalities of Norðurþing, Skútustaðahreppur, Þingeyjarsveit and Tjörneshreppur signed a letter of intent on the cooperation regarding the use of geothermal rights in the county of Þingeyjarsýsla for industrial development. The letter of intent stipulates that the parties are to work jointly on utilising the energy resources in the region and building infrastructure with the objective of achieving extensive economic development in the region. In the course of 2011, steps were taken between PCC and Norðurþing municipality as regards the new silicon metal plant to be constructed by PCC (24). On 8 February 2013 the Icelandic Government and the municipality of Norðurþing, the Harbour Fund of Norðurþing and PCC signed a joint declaration on a silicon metal plant to be constructed at Bakki. In particular, in subsection IV of the joint declaration the parties commit to progress to the signature of the following contracts:






  — | Harbour Contract between PCC and the Harbour Fund of Norðurþing |
| --- | --- | --- |

(24)

On 25 May 2011, the Icelandic Government and the municipalities of Norðurþing, Skútustaðahreppur, Þingeyjarsveit and Tjörneshreppur signed a letter of intent on the cooperation regarding the use of geothermal rights in the county of Þingeyjarsýsla for industrial development. The letter of intent stipulates that the parties are to work jointly on utilising the energy resources in the region and building infrastructure with the objective of achieving extensive economic development in the region. In the course of 2011, steps were taken between PCC and Norðurþing municipality as regards the new silicon metal plant to be constructed by PCC (24). On 8 February 2013 the Icelandic Government and the municipality of Norðurþing, the Harbour Fund of Norðurþing and PCC signed a joint declaration on a silicon metal plant to be constructed at Bakki. In particular, in subsection IV of the joint declaration the parties commit to progress to the signature of the following contracts:

—

Harbour Contract between PCC and the Harbour Fund of Norðurþing

| — | Site agreement between PCC and the municipality of Norðurþing |
| --- | --- |

—

Site agreement between PCC and the municipality of Norðurþing

| — | Investment agreement between PCC and the Icelandic Government |
| --- | --- |

—

Investment agreement between PCC and the Icelandic Government

| — | Power contract between PCC and Landsvirkjun |
| --- | --- |

—

Power contract between PCC and Landsvirkjun

| — | Transmission agreement between PCC and Landsnet |
| --- | --- |

—

Transmission agreement between PCC and Landsnet

| (25) | The owner of the land at Þeistareykir is the municipality of Þingeyjarsveit. Landsvirkjun leases the site (3 480 hectares) from the municipality. Licence for the operation of a 100 MW geothermal power station was issued on 28 March 2014 by the National Energy Authority (‘the NEA’). Since the capacity of the area is not known, Landsvirkjun aims at harnessing the geothermal power of the area in steps and to initially construct a 45 MW station (25). To that end, Landsvirkjun tendered out the purchase of 45 MW turbines on 25 March 2014 with an option for additional 45 MW turbines. |
| --- | --- |

(25)

The owner of the land at Þeistareykir is the municipality of Þingeyjarsveit. Landsvirkjun leases the site (3 480 hectares) from the municipality. Licence for the operation of a 100 MW geothermal power station was issued on 28 March 2014 by the National Energy Authority (‘the NEA’). Since the capacity of the area is not known, Landsvirkjun aims at harnessing the geothermal power of the area in steps and to initially construct a 45 MW station (25). To that end, Landsvirkjun tendered out the purchase of 45 MW turbines on 25 March 2014 with an option for additional 45 MW turbines.

| (26) | The Þeistareykir Power Station project will be further described below, in subsection 2.3.4. |
| --- | --- |

(26)

The Þeistareykir Power Station project will be further described below, in subsection 2.3.4.

| (27) | Currently, the Bakki area is not connected to the grid and the use of geothermal energy has not started at Þeistareykir. The amount of steam harnessed so far in the Þeistareykir area from seven wells is enough to generate 45–50 MW of electricity. The Þeistareykir area does not enjoy a connection to the grid (26). Landsnet will connect the planned industrial site at Bakki and the new power station at Þeistareykir to the national grid at Krafla with a new power line: from the current transmission system at Krafla through Þeistareykir and to Bakki with adequate transmission capacity to supply electricity to PCC and other future users at Bakki (27), see Figure 3. |
| --- | --- |

(27)

Currently, the Bakki area is not connected to the grid and the use of geothermal energy has not started at Þeistareykir. The amount of steam harnessed so far in the Þeistareykir area from seven wells is enough to generate 45–50 MW of electricity. The Þeistareykir area does not enjoy a connection to the grid (26). Landsnet will connect the planned industrial site at Bakki and the new power station at Þeistareykir to the national grid at Krafla with a new power line: from the current transmission system at Krafla through Þeistareykir and to Bakki with adequate transmission capacity to supply electricity to PCC and other future users at Bakki (27), see Figure 3.

Image

2.3.3.   The Power Contract

| (28) | As referred to above, the Authority was informed about a power purchase agreement in the context of Decision No 111/14/COL, but this initial contract was not notified to the Authority. The Authority has been provided with some, however limited, information about the negotiation and exact terms of the initial power contract, signed on 28 June 2012 (‘the 2012 Power Contract’). Landsvirkjun has explained that negotiations started in early 2011, however the 2012 Power Contract never became legally binding since PCC did not fulfil the conditions precedent before an extended deadline. |
| --- | --- |

(28)

As referred to above, the Authority was informed about a power purchase agreement in the context of Decision No 111/14/COL, but this initial contract was not notified to the Authority. The Authority has been provided with some, however limited, information about the negotiation and exact terms of the initial power contract, signed on 28 June 2012 (‘the 2012 Power Contract’). Landsvirkjun has explained that negotiations started in early 2011, however the 2012 Power Contract never became legally binding since PCC did not fulfil the conditions precedent before an extended deadline.

| (29) | Landsvirkjun put forward a new offer during the summer of 2013. The negotiations were handled on behalf of Landsvirkjun by a committee of three members, led by the company's Executive Vice President for Marketing and Business Development. The negotiations were discussed by the board of directors at several meetings during January to March 2014 and the Power Contract was approved by the board of directors on 14 March 2014. The Power Contract was signed on 17 March 2014 and it has a duration of 15 years from 1 May 2017. |
| --- | --- |

(29)

Landsvirkjun put forward a new offer during the summer of 2013. The negotiations were handled on behalf of Landsvirkjun by a committee of three members, led by the company's Executive Vice President for Marketing and Business Development. The negotiations were discussed by the board of directors at several meetings during January to March 2014 and the Power Contract was approved by the board of directors on 14 March 2014. The Power Contract was signed on 17 March 2014 and it has a duration of 15 years from 1 May 2017.

| (30) | The Power Contract has certain conditions precedent that were to be fulfilled on or before 30 May 2014. On 22 August 2014, Landsvirkjun informed the Authority that the deadline had initially been prolonged until 4 August 2014 and the parties were still in discussions, but the conditions had not yet been fulfilled and the Authority would be updated on the process. On 23 September 2014, Landsvirkjun informed the Authority that the conditions were not fulfilled and the parties had not reached an agreement on a new deadline. The Authority understands that the contract's conditions has not yet been fulfilled. |
| --- | --- |

(30)

The Power Contract has certain conditions precedent that were to be fulfilled on or before 30 May 2014. On 22 August 2014, Landsvirkjun informed the Authority that the deadline had initially been prolonged until 4 August 2014 and the parties were still in discussions, but the conditions had not yet been fulfilled and the Authority would be updated on the process. On 23 September 2014, Landsvirkjun informed the Authority that the conditions were not fulfilled and the parties had not reached an agreement on a new deadline. The Authority understands that the contract's conditions has not yet been fulfilled.

| (31) | According to an internal memorandum presented to the board of directors in Landsvirkjun on 6 March 2014 (28) the prices in the Power Contract are [...] (29). |
| --- | --- |

(31)

According to an internal memorandum presented to the board of directors in Landsvirkjun on 6 March 2014 (28) the prices in the Power Contract are [...] (29).

| (32) | According to the Power Contract, Landsvirkjun will provide electricity for PCC's new plant to be constructed in Bakki (‘the Plant’). The production capacity of the Plant will be 33 000 tons of silicon metal per annum. The Plant is expected to start production in May 2017 and will require, in steps, 52–58 MW of power (mean per hour), which will be provided exclusively by Landsvirkjun. The Power Contract provides for the sale of 52 MW of power from [...], 56 MW from [...], and 58 MW from [...]. Annual energy delivery is expected to start at [...] GWh and then gradually increase to [...] GWh per annum during the course of the Power Contract. |
| --- | --- |

(32)

According to the Power Contract, Landsvirkjun will provide electricity for PCC's new plant to be constructed in Bakki (‘the Plant’). The production capacity of the Plant will be 33 000 tons of silicon metal per annum. The Plant is expected to start production in May 2017 and will require, in steps, 52–58 MW of power (mean per hour), which will be provided exclusively by Landsvirkjun. The Power Contract provides for the sale of 52 MW of power from [...], 56 MW from [...], and 58 MW from [...]. Annual energy delivery is expected to start at [...] GWh and then gradually increase to [...] GWh per annum during the course of the Power Contract.

| (33) | The Power Contract has a ‘Take-or-Pay’ obligation, which means that PCC must pay for a fixed amount of energy per calendar year regardless of whether the actual consumption is less; this amounts to approximately 75 % of the entire contract power. |
| --- | --- |

(33)

The Power Contract has a ‘Take-or-Pay’ obligation, which means that PCC must pay for a fixed amount of energy per calendar year regardless of whether the actual consumption is less; this amounts to approximately 75 % of the entire contract power.

| (34) | According to calculations provided by Landsvirkjun, the NPV of the Power Contract (net of investment costs) in the base case is USD [...] million (30). |
| --- | --- |

(34)

According to calculations provided by Landsvirkjun, the NPV of the Power Contract (net of investment costs) in the base case is USD [...] million (30).

| (35) | The Power Contract has a pricing formula linked to the US consumer price index (CPI) and the price of silicon metal. The base contract price starts at USD [...] per megawatt hour (MWh) on [...] until [...], after which it will gradually increase up to USD [...], which will be the price as of [...] until its expiry in 2032. This contract price does not include the cost of transmission, which will be paid by PCC to Landsnet. The contract has a minimum price estimated to USD [...] per MWh during the contract period, and a ceiling, [...] % of the Nordpool system spot price of electricity calculated in EUR. According to internal documents, Landsvirkjun considers it likely that the company will only receive the CPI indexed minimum price (31). |
| --- | --- |

(35)

The Power Contract has a pricing formula linked to the US consumer price index (CPI) and the price of silicon metal. The base contract price starts at USD [...] per megawatt hour (MWh) on [...] until [...], after which it will gradually increase up to USD [...], which will be the price as of [...] until its expiry in 2032. This contract price does not include the cost of transmission, which will be paid by PCC to Landsnet. The contract has a minimum price estimated to USD [...] per MWh during the contract period, and a ceiling, [...] % of the Nordpool system spot price of electricity calculated in EUR. According to internal documents, Landsvirkjun considers it likely that the company will only receive the CPI indexed minimum price (31).

| (36) | Landsvirkjun has estimated that the average real price throughout the duration of the Power Contract will be USD [...] (2013 prices) per MWh (excluding transmission costs) and has submitted that this is among the highest prices Landsvirkjun has in current contracts with energy-intensive users and [...]. Landsvirkjun has explained that USD 20 per MWh (also excluding transmission cost) was the average price in its existing contracts with energy-intensive users in 2013 (32). |
| --- | --- |

(36)

Landsvirkjun has estimated that the average real price throughout the duration of the Power Contract will be USD [...] (2013 prices) per MWh (excluding transmission costs) and has submitted that this is among the highest prices Landsvirkjun has in current contracts with energy-intensive users and [...]. Landsvirkjun has explained that USD 20 per MWh (also excluding transmission cost) was the average price in its existing contracts with energy-intensive users in 2013 (32).

2.3.4.   The Þeistareykir Power Station

| (37) | The planned 45 MW power plant at Þeistareykir will be referred to in this Decision as ‘the Power Station’, if not otherwise stated. |
| --- | --- |

(37)

The planned 45 MW power plant at Þeistareykir will be referred to in this Decision as ‘the Power Station’, if not otherwise stated.

| (38) | The majority of the contract power in the Power Contract entered into with PCC is not existing capacity in Landsvirkjun's current generation system and investment in generation capacity is therefore needed to provide the power. For the purposes of providing the power, Landsvirkjun plans to build a geothermal power station at Þeistareykir. As described above, the new Power Station to be built at Þeistareykir will have the capacity of 45–50 MW of power from seven wells that have already been drilled. Surplus capacity available in Landsvirkjun's generation system will be provided for the remaining 8–13 MW needed for the Plant (33). According to information provided by Landsvirkjun, the Power Station would not be constructed at this point in time if it was not necessary for providing the electricity needed for the PCC Plant, rather the Power Station would be constructed at a later stage (34). |
| --- | --- |

(38)

The majority of the contract power in the Power Contract entered into with PCC is not existing capacity in Landsvirkjun's current generation system and investment in generation capacity is therefore needed to provide the power. For the purposes of providing the power, Landsvirkjun plans to build a geothermal power station at Þeistareykir. As described above, the new Power Station to be built at Þeistareykir will have the capacity of 45–50 MW of power from seven wells that have already been drilled. Surplus capacity available in Landsvirkjun's generation system will be provided for the remaining 8–13 MW needed for the Plant (33). According to information provided by Landsvirkjun, the Power Station would not be constructed at this point in time if it was not necessary for providing the electricity needed for the PCC Plant, rather the Power Station would be constructed at a later stage (34).

| (39) | According to information provided by Landsvirkjun (35), the construction of a 45 MW power plant at Þeistareykir is necessary to ensure reliable delivery of the contract power to PCC within the timeframe envisaged in the Power Contract. The total capacity of the geothermal area at Þeistareykir is not well known, and therefore it is envisaged that the area will be harnessed in steps. The first step is the 45 MW needed to provide PCC with enough electricity for operation. The 45 MW Power Station at Þeistareykir will have a generation capacity of 357 GWh, which would increase the total electricity capacity of Landsvirkjun by 3 %. |
| --- | --- |

(39)

According to information provided by Landsvirkjun (35), the construction of a 45 MW power plant at Þeistareykir is necessary to ensure reliable delivery of the contract power to PCC within the timeframe envisaged in the Power Contract. The total capacity of the geothermal area at Þeistareykir is not well known, and therefore it is envisaged that the area will be harnessed in steps. The first step is the 45 MW needed to provide PCC with enough electricity for operation. The 45 MW Power Station at Þeistareykir will have a generation capacity of 357 GWh, which would increase the total electricity capacity of Landsvirkjun by 3 %.

| (40) | The Power Contract is the first that Landsvirkjun enters into with an energy-intensive user where the power will not be generated mainly by hydropower facilities. The Power Station will be the first geothermal power station initially constructed by Landsvirkjun. Landsvirkjun currently owns and operates two geothermal stations, both in the vicinity of Þeistareykir; Bjarnarflag 3 MW, built in 1969 by a company that later merged with Landsvirkjun; and Krafla 60 MW, initially built as a 30 MW station in 1974-8 by the Icelandic State, taken over by Landsvirkjun in 1985 and expanded in 1996-9 to 60 MW. |
| --- | --- |

(40)

The Power Contract is the first that Landsvirkjun enters into with an energy-intensive user where the power will not be generated mainly by hydropower facilities. The Power Station will be the first geothermal power station initially constructed by Landsvirkjun. Landsvirkjun currently owns and operates two geothermal stations, both in the vicinity of Þeistareykir; Bjarnarflag 3 MW, built in 1969 by a company that later merged with Landsvirkjun; and Krafla 60 MW, initially built as a 30 MW station in 1974-8 by the Icelandic State, taken over by Landsvirkjun in 1985 and expanded in 1996-9 to 60 MW.

| (41) | Landsvirkjun has provided a breakdown of the estimated capital expenditures (CAPEX) related to the Power Station (45 MW), demonstrated in the table below in thousands of USD, and a comparison of an option to build a 90 MW power plant on the site (36). |
| --- | --- |

(41)

Landsvirkjun has provided a breakdown of the estimated capital expenditures (CAPEX) related to the Power Station (45 MW), demonstrated in the table below in thousands of USD, and a comparison of an option to build a 90 MW power plant on the site (36).

Image

| (42) | Landsvirkjun has explained that accrued costs, not taken into account in the above breakdown, are (i) development cost, and (ii) takeover cost of Þeistareykir ehf. as a mark-up cost. They have explained that the total accrued cost is USD [...] million (37). Hereof the takeover cost of Þeistareykir ehf. is USD [...] million. Landsvirkjun has explained the breakdown of the accrued cost as follows ([...]) (38): |
| --- | --- |

(42)

Landsvirkjun has explained that accrued costs, not taken into account in the above breakdown, are (i) development cost, and (ii) takeover cost of Þeistareykir ehf. as a mark-up cost. They have explained that the total accrued cost is USD [...] million (37). Hereof the takeover cost of Þeistareykir ehf. is USD [...] million. Landsvirkjun has explained the breakdown of the accrued cost as follows ([...]) (38):

Image

| (43) | Landsvirkjun has submitted tables which show the result of [...]-year NPV calculations, including the abovementioned CAPEX and taking into account both the estimated revenues from the Power Contract and a [...] % increase in the estimated price for the last [...] years (after the Power Contract expires). Calculations are performed for both a 45 MW and a 90 MW case. For each case, the NPV calculations are performed both with and without including the accrued costs, and testing the sensitivity of the analysis by adjusting CAPEX +/- [...] % and with cost of capital (discount) rates ranging from [...] % to [...] %. |
| --- | --- |

(43)

Landsvirkjun has submitted tables which show the result of [...]-year NPV calculations, including the abovementioned CAPEX and taking into account both the estimated revenues from the Power Contract and a [...] % increase in the estimated price for the last [...] years (after the Power Contract expires). Calculations are performed for both a 45 MW and a 90 MW case. For each case, the NPV calculations are performed both with and without including the accrued costs, and testing the sensitivity of the analysis by adjusting CAPEX +/- [...] % and with cost of capital (discount) rates ranging from [...] % to [...] %.

| (44) | The results show that when excluding the accrued costs, both the 45 MW and 90 MW case are profitable, even in scenarios with higher than expected CAPEX and discount rates (also benefitting from the lower power costs deriving from the current surplus capacity (8 - 13 MW)) (39). When accrued costs are included, neither business case is profitable under the most likely scenario, and only in the event that the CAPEX and/or the cost of capital is lower than the most likely scenario, is the investment profitable for Landsvirkjun. |
| --- | --- |

(44)

The results show that when excluding the accrued costs, both the 45 MW and 90 MW case are profitable, even in scenarios with higher than expected CAPEX and discount rates (also benefitting from the lower power costs deriving from the current surplus capacity (8 - 13 MW)) (39). When accrued costs are included, neither business case is profitable under the most likely scenario, and only in the event that the CAPEX and/or the cost of capital is lower than the most likely scenario, is the investment profitable for Landsvirkjun.

Image

2.3.5.   Transmission network charges in Iceland

| (45) | In Iceland, transmission network charges are established by Landsnet. However, the charges have to be authorized by the regulator, i.e. Orkustofnun, the NEA. |
| --- | --- |

(45)

In Iceland, transmission network charges are established by Landsnet. However, the charges have to be authorized by the regulator, i.e. Orkustofnun, the NEA.

| (46) | Article 12a of the Electricity Act and Article 15 of Regulation (EC) No 1040/2005 on the implementation of the Electricity Act, as amended (‘the Electricity Regulation’) set out principles governing the establishment of transmission network charges (out-feed):






  — | Network charges shall be cost-oriented. |
| --- | --- | --- |

(46)

Article 12a of the Electricity Act and Article 15 of Regulation (EC) No 1040/2005 on the implementation of the Electricity Act, as amended (‘the Electricity Regulation’) set out principles governing the establishment of transmission network charges (out-feed):

—

Network charges shall be cost-oriented.

| — | Tariffs shall be non-discriminatory, objective and transparent and approved by the NEA. |
| --- | --- |

—

Tariffs shall be non-discriminatory, objective and transparent and approved by the NEA.

| — | A revenue cap is established by the NEA, based on historical costs, including depreciation of assets, and a set profit margin. One tariff applies for distribution system operators (DSOs), calculated in Icelandic Króna, and another for energy-intensive users, calculated in US Dollars. |
| --- | --- |

—

A revenue cap is established by the NEA, based on historical costs, including depreciation of assets, and a set profit margin. One tariff applies for distribution system operators (DSOs), calculated in Icelandic Króna, and another for energy-intensive users, calculated in US Dollars.

| — | Out-feed tariff for DSOs is based on (i) total electricity transmitted to the DSO's geographical area; plus (ii) direct out-feed from power plants within the area. |
| --- | --- |

—

Out-feed tariff for DSOs is based on (i) total electricity transmitted to the DSO's geographical area; plus (ii) direct out-feed from power plants within the area.

| — | Tariffs for DSOs shall be based on average cost and depend on the network connection level (calculated on the basis of 66 kV) but regardless of the physical distance between the place of supply. |
| --- | --- |

—

Tariffs for DSOs shall be based on average cost and depend on the network connection level (calculated on the basis of 66 kV) but regardless of the physical distance between the place of supply.

| — | When power is transmitted directly by the TSO to an energy-intensive user at a voltage 66 kV or below, a surcharge shall be charged to cover the additional cost of stepping down (‘the Step-down Surcharge’). |
| --- | --- |

—

When power is transmitted directly by the TSO to an energy-intensive user at a voltage 66 kV or below, a surcharge shall be charged to cover the additional cost of stepping down (‘the Step-down Surcharge’).

| — | Extra charge shall be levied for the necessary additional costs resulting from connecting new power facilities or new energy-intensive users, which would otherwise increase the fees for the existing users (‘the System Contribution’), and reduced tariff if it results in more favourable development or utilisation of the network. |
| --- | --- |

—

Extra charge shall be levied for the necessary additional costs resulting from connecting new power facilities or new energy-intensive users, which would otherwise increase the fees for the existing users (‘the System Contribution’), and reduced tariff if it results in more favourable development or utilisation of the network.

2.3.6.   The Transmission Agreement

| (47) | For the purposes of transmitting the contract power, Landsnet and PCC entered into the Transmission Agreement on 7 February 2014. This agreement concerns the connection of the Plant to the transmission system; the transmission of the power purchased by PCC from Landsvirkjun; and the transformation of the purchased power from the transmission voltage to 33 and 11 kV, to enable the in-feed of 52–58 MW power. The Icelandic authorities have explained that 45 MW thereof will be supplied by Landsvirkjun's planned Power Station at Þeistareykir and the rest from other power plants connected to the transmission system. The Transmission Agreement has conditions precedent which have not been fulfilled, according to information provided by the Icelandic authorities (40). |
| --- | --- |

(47)

For the purposes of transmitting the contract power, Landsnet and PCC entered into the Transmission Agreement on 7 February 2014. This agreement concerns the connection of the Plant to the transmission system; the transmission of the power purchased by PCC from Landsvirkjun; and the transformation of the purchased power from the transmission voltage to 33 and 11 kV, to enable the in-feed of 52–58 MW power. The Icelandic authorities have explained that 45 MW thereof will be supplied by Landsvirkjun's planned Power Station at Þeistareykir and the rest from other power plants connected to the transmission system. The Transmission Agreement has conditions precedent which have not been fulfilled, according to information provided by the Icelandic authorities (40).

| (48) | For this purpose, Landsnet will design and construct certain transmission facilities required to accommodate the provision of electric transmission service to the Plant. In particular, this entails the construction of a new power line from Þeistareykir Power Station to the planned industrial site at Bakki and from Þeistareykir Power Station to the national grid at Krafla power plant (see Figure 3). According to information provided by Landsvirkjun, the transmission line is designed and constructed with adequate transmission capacity to supply electricity to PCC and to other future users at Bakki, at 220 kV (41). In the context of this case, the Authority has not been provided with information as to potential energy-intensive users at Bakki other than PCC. |
| --- | --- |

(48)

For this purpose, Landsnet will design and construct certain transmission facilities required to accommodate the provision of electric transmission service to the Plant. In particular, this entails the construction of a new power line from Þeistareykir Power Station to the planned industrial site at Bakki and from Þeistareykir Power Station to the national grid at Krafla power plant (see Figure 3). According to information provided by Landsvirkjun, the transmission line is designed and constructed with adequate transmission capacity to supply electricity to PCC and to other future users at Bakki, at 220 kV (41). In the context of this case, the Authority has not been provided with information as to potential energy-intensive users at Bakki other than PCC.

| (49) | The Icelandic authorities have provided information as to the transmission constructions foreseen by Landsnet which are necessary for supplying the power from the Power Station to the planned industrial site at Bakki (42):






  — | Addition of one circuit breaker at Þeistareykir. |
| --- | --- | --- |

(49)

The Icelandic authorities have provided information as to the transmission constructions foreseen by Landsnet which are necessary for supplying the power from the Power Station to the planned industrial site at Bakki (42):

—

Addition of one circuit breaker at Þeistareykir.

| — | New 220 kV transmission line, 29 km, from Þeistareykir to Bakki. |
| --- | --- |

—

New 220 kV transmission line, 29 km, from Þeistareykir to Bakki.

| — | Installation of two 220 kV circuit breakers at Bakki. |
| --- | --- |

—

Installation of two 220 kV circuit breakers at Bakki.

| — | Building of housing for a substation at Bakki. |
| --- | --- |

—

Building of housing for a substation at Bakki.

The Icelandic authorities have explained that the cost for the above are estimated at ISK [...] million (no breakdown has been provided). However, PCC would only need a 132 kV power line (as opposed to a 220 kV line) and therefore the Icelandic authorities have submitted that approximately ISK [...] million (no breakdown has been provided) would be needed for the purposes of connecting the industrial site at Bakki to Þeistareykir Power Station if only PCC's requirements were taken into account, and not those of potential future customers at the planned industrial site at Bakki (43).

| (50) | In addition, the Icelandic authorities have provided the following information regarding the necessary transmission construction foreseen by Landsnet, from the substation at Bakki to the PCC Plant:






  — | One 220 kV circuit breaker at Bakki. |
| --- | --- | --- |

(50)

In addition, the Icelandic authorities have provided the following information regarding the necessary transmission construction foreseen by Landsnet, from the substation at Bakki to the PCC Plant:

—

One 220 kV circuit breaker at Bakki.

| — | Three 33 kV cables and two 11 kV cables. |
| --- | --- |

—

Three 33 kV cables and two 11 kV cables.

| — | Two 220/33/11 kV step-down transformers. |
| --- | --- |

—

Two 220/33/11 kV step-down transformers.

| — | Five 33 kV breakers. |
| --- | --- |

—

Five 33 kV breakers.

The Icelandic authorities have submitted that the cost of the above is estimated at approximately ISK [...] million (no breakdown has been provided) (44).

| (51) | According to Article 10.1 of the Transmission Agreement, the fees are the following:






  — | the ‘Transmission Charge’, a fee for transmitting the Contract Power, including but not limited to ancillary services, transmission losses and a firm commitment (Take-or-Pay obligation), as defined in the Transmission Agreement; and |
| --- | --- | --- |

(51)

According to Article 10.1 of the Transmission Agreement, the fees are the following:

—

the ‘Transmission Charge’, a fee for transmitting the Contract Power, including but not limited to ancillary services, transmission losses and a firm commitment (Take-or-Pay obligation), as defined in the Transmission Agreement; and

| — | the Step-Down Surcharge, a surcharge for having the Contract Power delivered at 33 and 11 kV voltage instead of the grid voltage level (with reference to Annex 5 of the Transmission Agreement, the Authority understands that the step down here is from 220 kV). |
| --- | --- |

—

the Step-Down Surcharge, a surcharge for having the Contract Power delivered at 33 and 11 kV voltage instead of the grid voltage level (with reference to Annex 5 of the Transmission Agreement, the Authority understands that the step down here is from 220 kV).

Moreover, reference is made to a customer-specific investment cost in Annex 5 to the Transmission Agreement.

2.3.6.1.   The Transmission Charge

| (52) | The Icelandic authorities have explained that the Transmission Charge for energy-intensive users is, according to a tariff approved by the NEA on the basis of the Electricity Act (45), a combination of:






  — | delivery charge per year; |
| --- | --- | --- |

(52)

The Icelandic authorities have explained that the Transmission Charge for energy-intensive users is, according to a tariff approved by the NEA on the basis of the Electricity Act (45), a combination of:

—

delivery charge per year;

| — | capacity charge per MW per year (‘the Capacity Charge’); |
| --- | --- |

—

capacity charge per MW per year (‘the Capacity Charge’);

| — | energy charge per kWh (‘the Energy Charge’); |
| --- | --- |

—

energy charge per kWh (‘the Energy Charge’);

| — | fee for ancillary services per kWh; and |
| --- | --- |

—

fee for ancillary services per kWh; and

| — | transmission losses per kWh. |
| --- | --- |

—

transmission losses per kWh.

Article 10.1 of the Transmission Agreement refers to a sample of an invoice attached in Annex 1 to the Agreement.

2.3.6.2.   The Step-down Surcharge

| (53) | The Step-down Surcharge is an additional fee, added to the Capacity Charge and the Energy Charge and is, according the Transmission Agreement, meant to compensate for the actual cost of stepping down the electricity for PCC as an energy-intensive user. The Step-down Surcharge is calculated on the basis of the actual step-down costs according to a formula in Section B.9 of a grid code issued by Landsnet on 15 February 2011, version 1.0 (‘the Grid Code’), on Terms for Delivering Electricity to Power Intensive Users at Voltages below 132 kV (46), which is referred to in Article 10.1 of the Transmission Agreement. Article 10.1 of the Agreement further refers to its Annex 5, according to which the actual costs of the equipment (the step-down transformers) in the case of PCC is estimated at ISK [...] million (47) (equivalent to EUR [...] million). The calculation of the actual Step-down Surcharge in the case of PCC has not been provided. The formula applied to calculate the Step-down Surcharge according to the Transmission Agreement is the one provided for in Article 4.2 of Section B.9 of the Grid Code:



  Annex 5, referred to at Article 10.1 of the Transmission Agreement, contains the following diagram: |
| --- | --- |

(53)

The Step-down Surcharge is an additional fee, added to the Capacity Charge and the Energy Charge and is, according the Transmission Agreement, meant to compensate for the actual cost of stepping down the electricity for PCC as an energy-intensive user. The Step-down Surcharge is calculated on the basis of the actual step-down costs according to a formula in Section B.9 of a grid code issued by Landsnet on 15 February 2011, version 1.0 (‘the Grid Code’), on Terms for Delivering Electricity to Power Intensive Users at Voltages below 132 kV (46), which is referred to in Article 10.1 of the Transmission Agreement. Article 10.1 of the Agreement further refers to its Annex 5, according to which the actual costs of the equipment (the step-down transformers) in the case of PCC is estimated at ISK [...] million (47) (equivalent to EUR [...] million). The calculation of the actual Step-down Surcharge in the case of PCC has not been provided. The formula applied to calculate the Step-down Surcharge according to the Transmission Agreement is the one provided for in Article 4.2 of Section B.9 of the Grid Code:

Image

Annex 5, referred to at Article 10.1 of the Transmission Agreement, contains the following diagram:

Image

2.4.   
  The scope of this Decision

| (54) | In this Decision, the Authority will assess the terms of the Power Contract and the aspects of the Transmission Agreement concerning the Step-down Surcharge and the System Contribution. It therefore falls outside the scope of this Decision to assess whether there is potential state aid involved in any other elements of the Transmission Agreement and to what extent the transmission tariff might entail state aid, apart from the Step-down Surcharge and the System Contribution. |
| --- | --- |

(54)

In this Decision, the Authority will assess the terms of the Power Contract and the aspects of the Transmission Agreement concerning the Step-down Surcharge and the System Contribution. It therefore falls outside the scope of this Decision to assess whether there is potential state aid involved in any other elements of the Transmission Agreement and to what extent the transmission tariff might entail state aid, apart from the Step-down Surcharge and the System Contribution.

3.   Comments by the Icelandic authorities and Landsvirkjun

| (55) | The Icelandic authorities and Landsvirkjun are of the view that the notified Power Contract does not entail state aid and have submitted their arguments to that end. The Icelandic authorities notified the Power Contract for legal certainty, and they did not address the question of compatibility of the measure in their notification or subsequent submissions. |
| --- | --- |

(55)

The Icelandic authorities and Landsvirkjun are of the view that the notified Power Contract does not entail state aid and have submitted their arguments to that end. The Icelandic authorities notified the Power Contract for legal certainty, and they did not address the question of compatibility of the measure in their notification or subsequent submissions.

| (56) | The Icelandic authorities submit that the Power Contract between Landsvirkjun and PCC was negotiated on normal market terms and provides an acceptable rate of return to Landsvirkjun, and that it hence does not confer an advantage on PCC. In particular, the Icelandic authorities have in this regard put forward arguments pertaining to the presence of an advantage. They submit that the Power Contract yields an acceptable return and that its terms fall within the margin of discretion which a public company enjoys in running its business (48). The Icelandic authorities have submitted that this is demonstrated by (i) a comparison with other contracts with energy-intensive users; (ii) the determination of price and the presence of business risk; (iii) its duration and potential for adjustment to market developments; and (iv) the profitability of investments made by Landsvirkjun. The arguments have to some extent been further developed in Landsvirkjun's submissions, in particular as regards the profitability. The profitability calculations submitted are discussed in subsection 2.3.4 above. Furthermore, it is submitted that the following factors must be taken into account: (i) that the power price is high compared to existing power contracts with energy-intensive users; (ii) the duration of the Power Contract is shorter than in existing power contracts with energy-intensive users; and (iii) there is the possibility of getting higher prices from the Plant and its extension in the future, and to get higher prices from other energy-intensive users (49). The Icelandic authorities have not put forward their view or elaborated on whether there is state aid involved in the Transmission Agreement. |
| --- | --- |

(56)

The Icelandic authorities submit that the Power Contract between Landsvirkjun and PCC was negotiated on normal market terms and provides an acceptable rate of return to Landsvirkjun, and that it hence does not confer an advantage on PCC. In particular, the Icelandic authorities have in this regard put forward arguments pertaining to the presence of an advantage. They submit that the Power Contract yields an acceptable return and that its terms fall within the margin of discretion which a public company enjoys in running its business (48). The Icelandic authorities have submitted that this is demonstrated by (i) a comparison with other contracts with energy-intensive users; (ii) the determination of price and the presence of business risk; (iii) its duration and potential for adjustment to market developments; and (iv) the profitability of investments made by Landsvirkjun. The arguments have to some extent been further developed in Landsvirkjun's submissions, in particular as regards the profitability. The profitability calculations submitted are discussed in subsection 2.3.4 above. Furthermore, it is submitted that the following factors must be taken into account: (i) that the power price is high compared to existing power contracts with energy-intensive users; (ii) the duration of the Power Contract is shorter than in existing power contracts with energy-intensive users; and (iii) there is the possibility of getting higher prices from the Plant and its extension in the future, and to get higher prices from other energy-intensive users (49). The Icelandic authorities have not put forward their view or elaborated on whether there is state aid involved in the Transmission Agreement.

| (57) | With duration of 15 years, the Power Contract is shorter in duration than many of the power contracts that are currently being executed by Landsvirkjun, where a duration of 20 years and more was common. However, Landsvirkjun has for some time aimed at shortening the contract periods in new power contracts towards no longer than 15 to 18 years, which would facilitate the adjusting of the price for contract electricity to the price developments in more liquid electric power markets than that of Iceland. |
| --- | --- |

(57)

With duration of 15 years, the Power Contract is shorter in duration than many of the power contracts that are currently being executed by Landsvirkjun, where a duration of 20 years and more was common. However, Landsvirkjun has for some time aimed at shortening the contract periods in new power contracts towards no longer than 15 to 18 years, which would facilitate the adjusting of the price for contract electricity to the price developments in more liquid electric power markets than that of Iceland.

| (58) | The Icelandic authorities do not contend that the Power Contract is not imputable to the State, and refer to the Authority's previous decisions on Landsvirkjun's contracts in this regard (50). Landsvirkjun mainly argues that the Power Contract does not involve an advantage for PCC, but it also contends that it is a standalone business contract between two independent companies. Landsvirkjun has put forward information and arguments as to the limited involvement of Landsvirkjun's owners, i.e. the Icelandic state in the actual negotiation process (51). The State was informed of the progress of discussions between Landsvirkjun and PCC while the negotiations were in progress, but according to Landsvirkjun, no formal approval was obtained from them, neither with regard to the methodology used or individual substantive provisions of the Power Contract (52). In essence, Landsvirkjun seems to argue that the State did not exert any direct influence on the contract or the negotiations, and that therefore the measure is not imputable to the State. |
| --- | --- |

(58)

The Icelandic authorities do not contend that the Power Contract is not imputable to the State, and refer to the Authority's previous decisions on Landsvirkjun's contracts in this regard (50). Landsvirkjun mainly argues that the Power Contract does not involve an advantage for PCC, but it also contends that it is a standalone business contract between two independent companies. Landsvirkjun has put forward information and arguments as to the limited involvement of Landsvirkjun's owners, i.e. the Icelandic state in the actual negotiation process (51). The State was informed of the progress of discussions between Landsvirkjun and PCC while the negotiations were in progress, but according to Landsvirkjun, no formal approval was obtained from them, neither with regard to the methodology used or individual substantive provisions of the Power Contract (52). In essence, Landsvirkjun seems to argue that the State did not exert any direct influence on the contract or the negotiations, and that therefore the measure is not imputable to the State.

II.   ASSESSMENT

1.   The presence of state aid

1.1.   
  State aid within the meaning of Article 61(1) EEA Agreement

| (59) | Article 61(1) of the EEA Agreement reads as follows:

  ‘Save as otherwise provided in this Agreement, any aid granted by EC Member States, EFTA States or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Contracting Parties, be incompatible with the functioning of this Agreement.’ |
| --- | --- |

(59)

Article 61(1) of the EEA Agreement reads as follows:

‘Save as otherwise provided in this Agreement, any aid granted by EC Member States, EFTA States or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods shall, in so far as it affects trade between Contracting Parties, be incompatible with the functioning of this Agreement.’

| (60) | Accordingly, a measure constitutes state aid within the meaning of Article 61(1) of the EEA Agreement if the following conditions are cumulatively fulfilled: the measure (i) is granted by the State or through state resources; (ii) confers an economic advantage on the beneficiary; (iii) is selective; (iv) it is liable to effect trade between Contracting Parties and distort competition (53). |
| --- | --- |

(60)

Accordingly, a measure constitutes state aid within the meaning of Article 61(1) of the EEA Agreement if the following conditions are cumulatively fulfilled: the measure (i) is granted by the State or through state resources; (ii) confers an economic advantage on the beneficiary; (iii) is selective; (iv) it is liable to effect trade between Contracting Parties and distort competition (53).

1.2.   
  State resources and imputability

1.2.1.   The Power Contract

| (61) | To be qualified as state aid, an advantage must be granted by the State or through state resources. The advantage can also be granted through a public undertaking provided there is imputability to the State (54). |
| --- | --- |

(61)

To be qualified as state aid, an advantage must be granted by the State or through state resources. The advantage can also be granted through a public undertaking provided there is imputability to the State (54).

| (62) | The European Court of Justice (‘CJEU’) held, in paragraphs 37-39, of Stardust Marine
   (55) that:

  ‘[...] Article 87(1) EC covers all the financial means by which the public authorities may actually support undertakings, irrespective of whether or not those means are permanent assets of the public sector. Therefore, even if the sums corresponding to the measure in question are not permanently held by the Treasury, the fact that they constantly remain under public control, and therefore available to the competent national authorities, is sufficient for them to be categorised as State resources. [...]


  The State is perfectly capable, by exercising its dominant influence over such undertakings, of directing the use of their resources in order, as occasion arises, to finance specific advantages in favour of other undertakings.


  [...] the position of a public undertaking cannot be compared with that of a private undertaking. Through its public undertakings, the State may pursue objectives other than commercial ones, [...].’ |
| --- | --- |

(62)

The European Court of Justice (‘CJEU’) held, in paragraphs 37-39, of Stardust Marine
   (55) that:

‘[...] Article 87(1) EC covers all the financial means by which the public authorities may actually support undertakings, irrespective of whether or not those means are permanent assets of the public sector. Therefore, even if the sums corresponding to the measure in question are not permanently held by the Treasury, the fact that they constantly remain under public control, and therefore available to the competent national authorities, is sufficient for them to be categorised as State resources. [...]

The State is perfectly capable, by exercising its dominant influence over such undertakings, of directing the use of their resources in order, as occasion arises, to finance specific advantages in favour of other undertakings.

[...] the position of a public undertaking cannot be compared with that of a private undertaking. Through its public undertakings, the State may pursue objectives other than commercial ones, [...].’

| (63) | As a consequence, the CJEU acknowledges that the resources of public-sector companies could constitute State resources. However, in this judgment, the CJEU clarified that the mere fact that the company gives out public funds does not suffice to establish the presence of State aid. According to the Court, the decisive elements in this assessment are, on the one hand, whether the State is in a position to control the public undertaking and exercise a dominant influence over its operations and, on the other hand, whether it actually does exercise this right of control over the undertaking paying out the funds in the specific case. If there are no indications of such involvement, the financial support of a public undertaking cannot be imputable to the State. The CJEU underlines that:
  ‘Even if the State is in a position to control a public undertaking and to exercise a dominant influence over its operations, actual exercise of that control in a particular case cannot be automatically presumed. [...], the mere fact that a public undertaking is under State control is not sufficient for measures taken by that undertaking [...], to be imputed to the State. [...]’ (56) |
| --- | --- |

(63)

As a consequence, the CJEU acknowledges that the resources of public-sector companies could constitute State resources. However, in this judgment, the CJEU clarified that the mere fact that the company gives out public funds does not suffice to establish the presence of State aid. According to the Court, the decisive elements in this assessment are, on the one hand, whether the State is in a position to control the public undertaking and exercise a dominant influence over its operations and, on the other hand, whether it actually does exercise this right of control over the undertaking paying out the funds in the specific case. If there are no indications of such involvement, the financial support of a public undertaking cannot be imputable to the State. The CJEU underlines that:

‘Even if the State is in a position to control a public undertaking and to exercise a dominant influence over its operations, actual exercise of that control in a particular case cannot be automatically presumed. [...], the mere fact that a public undertaking is under State control is not sufficient for measures taken by that undertaking [...], to be imputed to the State. [...]’ (56)

| (64) | At the same time the Court clarified, in paragraph 53, that:

  ‘[...] it cannot be demanded that it be demonstrated, on the basis of a precise inquiry, that in the particular case the public authorities incited the public undertaking to take the aid measures in question. [...]’
   (57) |
| --- | --- |

(64)

At the same time the Court clarified, in paragraph 53, that:

‘[...] it cannot be demanded that it be demonstrated, on the basis of a precise inquiry, that in the particular case the public authorities incited the public undertaking to take the aid measures in question. [...]’
   (57)

| (65) | As a consequence, imputability to the State may be inferred from a set of indicators arising from the circumstances of the case and the context in which the measure was taken, and the assessment has to be done on a case-by-case basis. The judgment also contains a non-exhaustive list of such indicators, including the legal status of the undertaking (in the sense of it being subject to public law or ordinary company law); any other indicator showing, in the particular case, an involvement by the public authorities in the adoption of a measure or the unlikelihood of them not being involved, having regard also to the compass of the measure, its content or the conditions which it contains. |
| --- | --- |

(65)

As a consequence, imputability to the State may be inferred from a set of indicators arising from the circumstances of the case and the context in which the measure was taken, and the assessment has to be done on a case-by-case basis. The judgment also contains a non-exhaustive list of such indicators, including the legal status of the undertaking (in the sense of it being subject to public law or ordinary company law); any other indicator showing, in the particular case, an involvement by the public authorities in the adoption of a measure or the unlikelihood of them not being involved, having regard also to the compass of the measure, its content or the conditions which it contains.

| (66) | In his opinion in the Stardust Marine case, Advocate General Jacobs also provided a similar non-exhaustive list of possible indicators, including ‘a general practice of using the undertaking in question for ends other than commercial ones or of influencing its decisions’ or ‘circumstantial evidence such as press releases’
   (58). |
| --- | --- |

(66)

In his opinion in the Stardust Marine case, Advocate General Jacobs also provided a similar non-exhaustive list of possible indicators, including ‘a general practice of using the undertaking in question for ends other than commercial ones or of influencing its decisions’ or ‘circumstantial evidence such as press releases’
   (58).

| (67) | This list of indicators and the Court's general formulation, according to which the public authorities must be regarded as having been involved ‘in one way or another’, seems to suggest that different kinds of conduct (active or passive) of the public authorities could suggest the imputability of the measure. Likewise ‘the unlikelihood of [the public authorities] not being involved having regard also to the compass of the measure, its content or the conditions which it contains’
   (59) shows that imputability could be established merely on the basis of some characteristics of the measure at stake, i.e. when they are such as to render unlikely the non-involvement of the State. |
| --- | --- |

(67)

This list of indicators and the Court's general formulation, according to which the public authorities must be regarded as having been involved ‘in one way or another’, seems to suggest that different kinds of conduct (active or passive) of the public authorities could suggest the imputability of the measure. Likewise ‘the unlikelihood of [the public authorities] not being involved having regard also to the compass of the measure, its content or the conditions which it contains’
   (59) shows that imputability could be established merely on the basis of some characteristics of the measure at stake, i.e. when they are such as to render unlikely the non-involvement of the State.

| (68) | Based on these principles, the Authority has assessed whether the Power Contract is imputable to the Icelandic authorities and not to Landsvirkjun itself, acting as an autonomous entity. |
| --- | --- |

(68)

Based on these principles, the Authority has assessed whether the Power Contract is imputable to the Icelandic authorities and not to Landsvirkjun itself, acting as an autonomous entity.

| (69) | The Authority refers, on the one hand, to the facts described in paragraphs (10) to (13) above. Landsvirkjun is owned by the State Treasury, directly and indirectly. Since 2007, the Ministry of Finance and Economic Affairs appoints all the members of the board. As described in paragraph (13) above, the board adopts its own Rules of Procedure and it functions like any other independent board of directors of a company engaging in competitive business operations. |
| --- | --- |

(69)

The Authority refers, on the one hand, to the facts described in paragraphs (10) to (13) above. Landsvirkjun is owned by the State Treasury, directly and indirectly. Since 2007, the Ministry of Finance and Economic Affairs appoints all the members of the board. As described in paragraph (13) above, the board adopts its own Rules of Procedure and it functions like any other independent board of directors of a company engaging in competitive business operations.

| (70) | Furthermore, the Authority also acknowledges that the unlimited State guarantee enjoyed by Landsvirkjun was removed in 2011, therefore placing the company in the same playing field as its competitors. |
| --- | --- |

(70)

Furthermore, the Authority also acknowledges that the unlimited State guarantee enjoyed by Landsvirkjun was removed in 2011, therefore placing the company in the same playing field as its competitors.

| (71) | As a consequence, it seems to the Authority that the Icelandic authorities are undertaking different measures to ensure that Landsvirkjun acts on the market under the same conditions as its competitors, being autonomous in its decision-making process. |
| --- | --- |

(71)

As a consequence, it seems to the Authority that the Icelandic authorities are undertaking different measures to ensure that Landsvirkjun acts on the market under the same conditions as its competitors, being autonomous in its decision-making process.

| (72) | The market in which Landsvirkjun is active (power generation) is also open to competition. |
| --- | --- |

(72)

The market in which Landsvirkjun is active (power generation) is also open to competition.

| (73) | However, against this general background on the functioning of Landsvirkjun, the Authority cannot exclude, at this stage of the procedure, that the conclusion of the notified Power Contract is imputable to the State due to the reasons described below. |
| --- | --- |

(73)

However, against this general background on the functioning of Landsvirkjun, the Authority cannot exclude, at this stage of the procedure, that the conclusion of the notified Power Contract is imputable to the State due to the reasons described below.

| (74) | In the past the company may seem to have been used by the State to attract foreign investment as a vehicle for job creation and economic development by means of offering power contracts of long duration (60). But more importantly, this seems to be the case when the Power Contract was signed. The Authority notes that in 2013, the Minister of Industry claimed that it was a matter of urgency to increase investments in Iceland and projects such as the PCC Plant were already on ‘Landsvirkjun's desk’. The Minister did not refer to the contract as a market investor contract signed by Landsvirkjun itself but as a project with ‘huge impact on the society in the Northeast in terms of job creation and the more general positive economic impact’
   (61). At the time when this declaration was made, the conditions of the 2012 Power Contract had not been fulfilled and it had expired. Only a few months later the Power Contract under assessment in this case was signed. The Authority acknowledges that this declaration is made by the Minister of Industry and not by the shareholder of the company, the State Treasury, or by the Minister of Finance, who appoints the board members of Landsvirkjun. However, all those entities are part of the Icelandic Government and therefore this declaration could be understood as ‘circumstantial evidence’ of the State's imputability as argued by AG Jacobs in his Opinion on the Stardust Marine case. |
| --- | --- |

(74)

In the past the company may seem to have been used by the State to attract foreign investment as a vehicle for job creation and economic development by means of offering power contracts of long duration (60). But more importantly, this seems to be the case when the Power Contract was signed. The Authority notes that in 2013, the Minister of Industry claimed that it was a matter of urgency to increase investments in Iceland and projects such as the PCC Plant were already on ‘Landsvirkjun's desk’. The Minister did not refer to the contract as a market investor contract signed by Landsvirkjun itself but as a project with ‘huge impact on the society in the Northeast in terms of job creation and the more general positive economic impact’
   (61). At the time when this declaration was made, the conditions of the 2012 Power Contract had not been fulfilled and it had expired. Only a few months later the Power Contract under assessment in this case was signed. The Authority acknowledges that this declaration is made by the Minister of Industry and not by the shareholder of the company, the State Treasury, or by the Minister of Finance, who appoints the board members of Landsvirkjun. However, all those entities are part of the Icelandic Government and therefore this declaration could be understood as ‘circumstantial evidence’ of the State's imputability as argued by AG Jacobs in his Opinion on the Stardust Marine case.

| (75) | The letter of intent signed between the Icelandic Government and four local municipalities on 25 May 2011 (see paragraph (24) above) seems to go in the same direction, stating that the energy in the area shall be used for industrial development in the region. At this stage of the procedure, the Authority is of the opinion that this letter of intent must be understood as a compromise on behalf of the Icelandic Government (owner of Landsvirkjun) to ensure that a power contract would be signed. |
| --- | --- |

(75)

The letter of intent signed between the Icelandic Government and four local municipalities on 25 May 2011 (see paragraph (24) above) seems to go in the same direction, stating that the energy in the area shall be used for industrial development in the region. At this stage of the procedure, the Authority is of the opinion that this letter of intent must be understood as a compromise on behalf of the Icelandic Government (owner of Landsvirkjun) to ensure that a power contract would be signed.

| (76) | Arguably, this kind of a declaration would be what AG Jacobs thought of when he mentioned ‘a general practice of using the undertaking for ends other than commercial ones’ in his opinion referred to above. |
| --- | --- |

(76)

Arguably, this kind of a declaration would be what AG Jacobs thought of when he mentioned ‘a general practice of using the undertaking for ends other than commercial ones’ in his opinion referred to above.

| (77) | Moreover, the Authority must also take note of the joint declaration signed on 8 February 2013, in which the Icelandic Government and the municipality of Norðurþing, the Harbour Fund of Norðurþing and PCC committed to progress to the signature of different contracts; including the Power Contract (see paragraph (24) above). The Authority underlines that this joint declaration was not signed by Landsvirkjun but by the Icelandic Government and the local municipality. |
| --- | --- |

(77)

Moreover, the Authority must also take note of the joint declaration signed on 8 February 2013, in which the Icelandic Government and the municipality of Norðurþing, the Harbour Fund of Norðurþing and PCC committed to progress to the signature of different contracts; including the Power Contract (see paragraph (24) above). The Authority underlines that this joint declaration was not signed by Landsvirkjun but by the Icelandic Government and the local municipality.

| (78) | Taking this scenario into account, the Authority cannot exclude the possibility that Landsvirkjun signed the Power Contract following implicit instructions from the public authorities and the commitments already taken to ensure the signature of the Power Contract, which appears to be inseparable from the other agreements mentioned in the joint declaration of 8 February 2013. It seems to the Authority that the Power Contract might have been entered into at the instigation of the Icelandic public authorities. |
| --- | --- |

(78)

Taking this scenario into account, the Authority cannot exclude the possibility that Landsvirkjun signed the Power Contract following implicit instructions from the public authorities and the commitments already taken to ensure the signature of the Power Contract, which appears to be inseparable from the other agreements mentioned in the joint declaration of 8 February 2013. It seems to the Authority that the Power Contract might have been entered into at the instigation of the Icelandic public authorities.

| (79) | Furthermore, a prudent owner of a limited liability company – as the State was in Stardust Marine, and is in fact in most cases of public ownership in companies – would in all likelihood already closely monitor the negotiation and conclusion of contracts of such economic significance as the contract at hand, which in itself may indicate imputability to the State. |
| --- | --- |

(79)

Furthermore, a prudent owner of a limited liability company – as the State was in Stardust Marine, and is in fact in most cases of public ownership in companies – would in all likelihood already closely monitor the negotiation and conclusion of contracts of such economic significance as the contract at hand, which in itself may indicate imputability to the State.

| (80) | Overall, the Authority is therefore, in light of the legal status of Landsvirkjun, the possible use of Landsvirkjun as a tool to attract foreign investment as a vehicle for job creation and economic development, and the general circumstances described above, unable to exclude that the measure is imputable to the State, and that it entails State resources if and to the extent it confers an advantage on PCC. |
| --- | --- |

(80)

Overall, the Authority is therefore, in light of the legal status of Landsvirkjun, the possible use of Landsvirkjun as a tool to attract foreign investment as a vehicle for job creation and economic development, and the general circumstances described above, unable to exclude that the measure is imputable to the State, and that it entails State resources if and to the extent it confers an advantage on PCC.

| (81) | In light of the above, it may appear to be not exclusively business decisions made by Landsvirkjun that motivate the choice of options. Rather, policy decisions of the Icelandic authorities would appear to have been considered, and transpire in internal documents of Landsvirkjun, which refer to factors possibly influencing the decision, such as the socioeconomic development of Húsavík town and surroundings in terms of job creation, the local community's claim, supported by the government, that the natural resources in the area will be used for the industrial development at Bakki, and the likely negative effect on Norðurþing municipality's aspirations, would the Power Contract not be concluded (62). The internal documents which have been provided do not dispel the doubts which the Authority has on the strictly commercial motives behind the Power Contract. |
| --- | --- |

(81)

In light of the above, it may appear to be not exclusively business decisions made by Landsvirkjun that motivate the choice of options. Rather, policy decisions of the Icelandic authorities would appear to have been considered, and transpire in internal documents of Landsvirkjun, which refer to factors possibly influencing the decision, such as the socioeconomic development of Húsavík town and surroundings in terms of job creation, the local community's claim, supported by the government, that the natural resources in the area will be used for the industrial development at Bakki, and the likely negative effect on Norðurþing municipality's aspirations, would the Power Contract not be concluded (62). The internal documents which have been provided do not dispel the doubts which the Authority has on the strictly commercial motives behind the Power Contract.

| (82) | Against this background, the Icelandic authorities are specifically invited to comment on the issue of imputability. |
| --- | --- |

(82)

Against this background, the Icelandic authorities are specifically invited to comment on the issue of imputability.

1.2.2.   The Transmission Agreement

| (83) | For measures to be categorized as aid within the meaning of Article 61(1) of the EEA Agreement, they must be granted directly or indirectly through State resources. This means that both advantages which are granted directly by the State and those granted by a public or private body designated or established by the State are included in the concept of State resources within the meaning of Article 61(1) (63). The fact that a measure granting an advantage is not financed directly by the State, but by a public or private body established or appointed by the State to administer the measure, does not exclude that it is financed through State resources (64). A measure adopted by a public authority and favouring certain undertakings or products does not lose the character of a gratuitous advantage by the fact that it is wholly or partially financed by contributions imposed by the public authority and levied on the undertakings concerned (65). As the General Court recalled in France v Commission
   (66), the relevant criterion in order to assess whether the resources are public, whatever their initial origin, is that of the degree of intervention of the public authority in the definition of the measure in question and their methods of financing. The fact that the advantage is not financed directly from the State budget is not sufficient to exclude that State resources are involved. In Essent the CJEU assessed a system which provided that the operators of the Dutch electricity network collect a surcharge from private electricity clients and pass on the proceeds of that charge to a joint subsidiary of the four electricity generators, in order to compensate for stranded costs. The Court found that the Dutch system involved State resources (67). |
| --- | --- |

(83)

For measures to be categorized as aid within the meaning of Article 61(1) of the EEA Agreement, they must be granted directly or indirectly through State resources. This means that both advantages which are granted directly by the State and those granted by a public or private body designated or established by the State are included in the concept of State resources within the meaning of Article 61(1) (63). The fact that a measure granting an advantage is not financed directly by the State, but by a public or private body established or appointed by the State to administer the measure, does not exclude that it is financed through State resources (64). A measure adopted by a public authority and favouring certain undertakings or products does not lose the character of a gratuitous advantage by the fact that it is wholly or partially financed by contributions imposed by the public authority and levied on the undertakings concerned (65). As the General Court recalled in France v Commission
   (66), the relevant criterion in order to assess whether the resources are public, whatever their initial origin, is that of the degree of intervention of the public authority in the definition of the measure in question and their methods of financing. The fact that the advantage is not financed directly from the State budget is not sufficient to exclude that State resources are involved. In Essent the CJEU assessed a system which provided that the operators of the Dutch electricity network collect a surcharge from private electricity clients and pass on the proceeds of that charge to a joint subsidiary of the four electricity generators, in order to compensate for stranded costs. The Court found that the Dutch system involved State resources (67).

| (84) | Landsnet hf., the transmission system operator, is majority owned by the state owned Landsvirkjun and other owners are all state owned utilities, as described above in subsection I.2.2.3. This already suggests state imputability. Moreover, the degree of supervision that the public authorities exercise over the management of Landsnet is substantial; the Minister of Industry and Commerce directly appoints the board of directors, according to the Landsnet Act. A certain level of supervision exercised by the public authorities on the undertaking is one of the indicators listed by the CJEU in the Stardust Marine case to conclude on the imputability of the measure to the State. |
| --- | --- |

(84)

Landsnet hf., the transmission system operator, is majority owned by the state owned Landsvirkjun and other owners are all state owned utilities, as described above in subsection I.2.2.3. This already suggests state imputability. Moreover, the degree of supervision that the public authorities exercise over the management of Landsnet is substantial; the Minister of Industry and Commerce directly appoints the board of directors, according to the Landsnet Act. A certain level of supervision exercised by the public authorities on the undertaking is one of the indicators listed by the CJEU in the Stardust Marine case to conclude on the imputability of the measure to the State.

| (85) | Furthermore, Landsnet's tariffs are approved by and monitored by the regulatory authority, the NEA, which also decides the company's revenue cap according the Electricity Act, and its Grid Code is de facto signed on behalf of the Minister of Industry and Commerce. The Icelandic State is therefore strictly monitoring the TSO in their administration of the revenues from the transmission tariff. |
| --- | --- |

(85)

Furthermore, Landsnet's tariffs are approved by and monitored by the regulatory authority, the NEA, which also decides the company's revenue cap according the Electricity Act, and its Grid Code is de facto signed on behalf of the Minister of Industry and Commerce. The Icelandic State is therefore strictly monitoring the TSO in their administration of the revenues from the transmission tariff.

| (86) | Moreover, according to the information provided in this particular case, the State is involved in discussions on the decision of the possible System Contribution to be applied in the case at hand, and the State controls Landsvirkjun, the mother company of Landsnet, which is also involved in the decision on the System Contribution in this case. Finally, according to internal documents of Landsvirkjun (68), it appears to have entered into a formal or informal arrangement with Landsnet [...] for the new investment of Landsnet in connecting the Power Station to the grid, and also for connecting the PCC Plant to the grid, and thereby influencing the actual decision on the possible System Contribution [...], see discussion below in subsection 1.3.2. (69) |
| --- | --- |

(86)

Moreover, according to the information provided in this particular case, the State is involved in discussions on the decision of the possible System Contribution to be applied in the case at hand, and the State controls Landsvirkjun, the mother company of Landsnet, which is also involved in the decision on the System Contribution in this case. Finally, according to internal documents of Landsvirkjun (68), it appears to have entered into a formal or informal arrangement with Landsnet [...] for the new investment of Landsnet in connecting the Power Station to the grid, and also for connecting the PCC Plant to the grid, and thereby influencing the actual decision on the possible System Contribution [...], see discussion below in subsection 1.3.2. (69)

| (87) | According to the information at hand, the Icelandic authorities remain involved in the calculation of the Step-down Surcharge and the possible System Contribution of PCC. It appears that a potential exemption or reduction of the statutory established charges results in a decreased amount collected by Landsnet from PCC and therefore implies a renouncement of State resources. |
| --- | --- |

(87)

According to the information at hand, the Icelandic authorities remain involved in the calculation of the Step-down Surcharge and the possible System Contribution of PCC. It appears that a potential exemption or reduction of the statutory established charges results in a decreased amount collected by Landsnet from PCC and therefore implies a renouncement of State resources.

| (88) | Based on the above and the information available at this stage, the Authority comes to the preliminary conclusion that the system of transmission fees in Iceland constitutes State resources imputable to the State. Hence, an exemption from or a reduced Step-down Surcharge and System Contribution implies a renouncement of State resources. |
| --- | --- |

(88)

Based on the above and the information available at this stage, the Authority comes to the preliminary conclusion that the system of transmission fees in Iceland constitutes State resources imputable to the State. Hence, an exemption from or a reduced Step-down Surcharge and System Contribution implies a renouncement of State resources.

1.3.   
  Selective economic advantage

1.3.1.   The Power Contract

| (89) | The Authority observes that the issue is to examine whether a private investor operating in a market economy would have chosen to enter into a long term bilateral contract for the same price and on the same terms as in the agreement under assessment (70). |
| --- | --- |

(89)

The Authority observes that the issue is to examine whether a private investor operating in a market economy would have chosen to enter into a long term bilateral contract for the same price and on the same terms as in the agreement under assessment (70).

| (90) | The arguments by the Icelandic authorities in relation to the economic advantage which Landsvirkjun may have conferred on PCC by concluding the Power Contract on terms which were more beneficial to PCC than could have been reasonably expected, are essentially aimed at demonstrating that the contract was concluded on market terms, i.e. by comparing price and duration with contracts with energy-intensive users in the past and referring to the profitability and the business risk related to the investment needed. Thus, according to their arguments, PCC does not derive any undue advantage from the Power Contract. For the reasons set out below, the information submitted is not such as to dispel the Authority's doubts. |
| --- | --- |

(90)

The arguments by the Icelandic authorities in relation to the economic advantage which Landsvirkjun may have conferred on PCC by concluding the Power Contract on terms which were more beneficial to PCC than could have been reasonably expected, are essentially aimed at demonstrating that the contract was concluded on market terms, i.e. by comparing price and duration with contracts with energy-intensive users in the past and referring to the profitability and the business risk related to the investment needed. Thus, according to their arguments, PCC does not derive any undue advantage from the Power Contract. For the reasons set out below, the information submitted is not such as to dispel the Authority's doubts.

| (91) | When governments make financial transactions and investments, the CJEU has stated that in order to confirm whether a state measure constitutes aid, it is necessary to establish whether the recipient undertaking receives an economic advantage, which it would not have obtained under normal conditions (71). In doing so, the Authority has to apply the market economy operator (MEO) test (72), which in essence provides that state aid is granted whenever a state makes funds available to an undertaking which in the normal course of events would not be provided by a private investor applying ordinary commercial criteria and disregarding other considerations of a social, political or philanthropic nature (73). |
| --- | --- |

(91)

When governments make financial transactions and investments, the CJEU has stated that in order to confirm whether a state measure constitutes aid, it is necessary to establish whether the recipient undertaking receives an economic advantage, which it would not have obtained under normal conditions (71). In doing so, the Authority has to apply the market economy operator (MEO) test (72), which in essence provides that state aid is granted whenever a state makes funds available to an undertaking which in the normal course of events would not be provided by a private investor applying ordinary commercial criteria and disregarding other considerations of a social, political or philanthropic nature (73).

| (92) | The measures at hand – a power contract, with a publicly owned company as a seller, could thus entail an element of state aid if its terms are such that they would not have been acceptable to a private market investor and that the sale of electricity could not have been expected to be sufficiently profitable for a private operator. |
| --- | --- |

(92)

The measures at hand – a power contract, with a publicly owned company as a seller, could thus entail an element of state aid if its terms are such that they would not have been acceptable to a private market investor and that the sale of electricity could not have been expected to be sufficiently profitable for a private operator.

| (93) | Whilst the Authority fully recognises the right for public companies such as Landsvirkjun to operate on the market on commercial terms, it nevertheless must consider carefully whether similar agreements would have been concluded by a private market operator (74). Moreover, the Authority must base its assessment of the price and terms of the Power Contract between Landsvirkjun and PCC on the information available at the time of the conclusion of the contract. |
| --- | --- |

(93)

Whilst the Authority fully recognises the right for public companies such as Landsvirkjun to operate on the market on commercial terms, it nevertheless must consider carefully whether similar agreements would have been concluded by a private market operator (74). Moreover, the Authority must base its assessment of the price and terms of the Power Contract between Landsvirkjun and PCC on the information available at the time of the conclusion of the contract.

| (94) | Ordinarily, when a sale by a public company or a public authority is assessed, the market price for the good under assessment can be used as a relevant benchmark. In the case at hand, however, a market price is not readily available, given the peculiarities of the Icelandic electricity market. A large majority of all electricity is sold to a few customers, which all have concluded long term agreements with the domestic power providers at different points in time. Furthermore, the Icelandic market is isolated from the rest of the world, as currently no power can be transmitted across the border. The abundant potential to produce electricity in Iceland and this isolation are assumed to be the main reasons for the differences in the price of electricity in Iceland and elsewhere in the EEA. |
| --- | --- |

(94)

Ordinarily, when a sale by a public company or a public authority is assessed, the market price for the good under assessment can be used as a relevant benchmark. In the case at hand, however, a market price is not readily available, given the peculiarities of the Icelandic electricity market. A large majority of all electricity is sold to a few customers, which all have concluded long term agreements with the domestic power providers at different points in time. Furthermore, the Icelandic market is isolated from the rest of the world, as currently no power can be transmitted across the border. The abundant potential to produce electricity in Iceland and this isolation are assumed to be the main reasons for the differences in the price of electricity in Iceland and elsewhere in the EEA.

| (95) | For the reasons set out above, the Authority must in the case at hand rely on an assessment of the profitability of the investment needed to provide PCC with the contract power in order to establish whether a private market economy operator would have concluded the contract on the same terms. In the case at hand, the profitability of the investment and operation of the Þeistareykir Power Station is therefore at the center of the assessment. |
| --- | --- |

(95)

For the reasons set out above, the Authority must in the case at hand rely on an assessment of the profitability of the investment needed to provide PCC with the contract power in order to establish whether a private market economy operator would have concluded the contract on the same terms. In the case at hand, the profitability of the investment and operation of the Þeistareykir Power Station is therefore at the center of the assessment.

| (96) | Since market data is not available and market conditions cannot be empirically established by reference to ‘pari passu’ transactions or an open, transparent non-discriminatory and unconditional tender procedure, and since benchmarking (comparable transactions carried out by comparable private operators in comparable situations) is not an available method for establishing whether the transaction was in line with market conditions, determination of the return on the investment in the Power Station by calculating the NPV and/or internal rate of return (IRR) on the project are generally-accepted standard methodologies that can be used for establishing whether the transaction was in line with market conditions. |
| --- | --- |

(96)

Since market data is not available and market conditions cannot be empirically established by reference to ‘pari passu’ transactions or an open, transparent non-discriminatory and unconditional tender procedure, and since benchmarking (comparable transactions carried out by comparable private operators in comparable situations) is not an available method for establishing whether the transaction was in line with market conditions, determination of the return on the investment in the Power Station by calculating the NPV and/or internal rate of return (IRR) on the project are generally-accepted standard methodologies that can be used for establishing whether the transaction was in line with market conditions.

| (97) | For making the assessment, the Authority must base its methodology on available objective, verifiable and reliable data (75). This data must be sufficiently detailed, reflecting the economic situation at the time at which the terms of the Power Contract were decided, taking into account the level of risk and future expectations (76). |
| --- | --- |

(97)

For making the assessment, the Authority must base its methodology on available objective, verifiable and reliable data (75). This data must be sufficiently detailed, reflecting the economic situation at the time at which the terms of the Power Contract were decided, taking into account the level of risk and future expectations (76).

| (98) | Landsvirkjun has provided profitability calculations with and without already accrued costs (77). They demonstrate that building a 45 MW power station would not be profitable, taking into account the already accrued costs, by the estimated income generated by the Power Contract, as calculated by Landsvirkjun. Landsvirkjun has presented a base case with CAPEX of USD [...] million and a discount rate (cost of capital) of [...] %. Given these assumptions and the income generated by the Power Contract, the investment in the Power Station would not be profitable when the accrued costs are taken into account. |
| --- | --- |

(98)

Landsvirkjun has provided profitability calculations with and without already accrued costs (77). They demonstrate that building a 45 MW power station would not be profitable, taking into account the already accrued costs, by the estimated income generated by the Power Contract, as calculated by Landsvirkjun. Landsvirkjun has presented a base case with CAPEX of USD [...] million and a discount rate (cost of capital) of [...] %. Given these assumptions and the income generated by the Power Contract, the investment in the Power Station would not be profitable when the accrued costs are taken into account.

| (99) | Even if calculated on the basis of a potential 90 MW power plant to be built at Þeistareykir, Landsvirkjun's own calculations demonstrate that the Power Contract would not be profitable with the average real price of [...] USD per MWh (2013 prices) over the duration of the contract and the overall interval of [...] to [...] USD per MWh in real terms and [...] to [...] USD per MWh in nominal terms, if already accrued costs were included (78). |
| --- | --- |

(99)

Even if calculated on the basis of a potential 90 MW power plant to be built at Þeistareykir, Landsvirkjun's own calculations demonstrate that the Power Contract would not be profitable with the average real price of [...] USD per MWh (2013 prices) over the duration of the contract and the overall interval of [...] to [...] USD per MWh in real terms and [...] to [...] USD per MWh in nominal terms, if already accrued costs were included (78).

| (100) | Accrued costs are in Landsvirkjun's profitability calculations divided into (i) geothermal drilling, exploration, engineering and consultant service, project supervision and other; and (ii) cost related to the takeover of Þeistareykir ehf. ([...] million USD). When presenting profitability calculations with the accrued costs, Landsvirkjun has divided the costs related to the takeover of Þeistareykir ehf. into four parts, where each of them is attributed to each 45 MW step in a total of 180 MW, which Landsvirkjun considers to be the overall capacity of the Þeistareykir area. It is demonstrated in Landsvirkjun's own internal documents as well as the documents prepared in the context of the case at hand (79) that with the accrued costs, as demonstrated in Figure 5, with the attribution of 1⁄4 of the takeover costs of Þeistareykir ehf. (i.e. [...] million USD per 45 MW unit) to the 45 MW scenario, the Power Station is not profitable, taking into account the revenues expected to be generated by the Power Contract. Internal documents have not dispelled the doubts the Authority has regarding the profitability of the Power Contract (80). |
| --- | --- |

(100)

Accrued costs are in Landsvirkjun's profitability calculations divided into (i) geothermal drilling, exploration, engineering and consultant service, project supervision and other; and (ii) cost related to the takeover of Þeistareykir ehf. ([...] million USD). When presenting profitability calculations with the accrued costs, Landsvirkjun has divided the costs related to the takeover of Þeistareykir ehf. into four parts, where each of them is attributed to each 45 MW step in a total of 180 MW, which Landsvirkjun considers to be the overall capacity of the Þeistareykir area. It is demonstrated in Landsvirkjun's own internal documents as well as the documents prepared in the context of the case at hand (79) that with the accrued costs, as demonstrated in Figure 5, with the attribution of 1⁄4 of the takeover costs of Þeistareykir ehf. (i.e. [...] million USD per 45 MW unit) to the 45 MW scenario, the Power Station is not profitable, taking into account the revenues expected to be generated by the Power Contract. Internal documents have not dispelled the doubts the Authority has regarding the profitability of the Power Contract (80).

| (101) | Landsvirkjun contends that ‘[p]rofitability calculations at this point from Landsvirkjun's point of view discard accrued cost and consider it sunk, while the overall profitability of the project includes accrued cost’ (81). The Authority questions Landsvirkjun's submission that exploration and drilling costs should not be taken into account when calculating the profitability of the Power Contract. Exploration and drilling of wells is part of the Þeistareykir Power Plant project, and indeed, Landsvirkjun appears to have the option to sell the right to harness the seven wells already drilled, and therefore the exploration and drilling is not a sunk cost that a normal market operator would not take into account when making business decisions. The Authority observes that the drilling of the wells is a considerable share of the capital cost of a geothermal power plant. |
| --- | --- |

(101)

Landsvirkjun contends that ‘[p]rofitability calculations at this point from Landsvirkjun's point of view discard accrued cost and consider it sunk, while the overall profitability of the project includes accrued cost’ (81). The Authority questions Landsvirkjun's submission that exploration and drilling costs should not be taken into account when calculating the profitability of the Power Contract. Exploration and drilling of wells is part of the Þeistareykir Power Plant project, and indeed, Landsvirkjun appears to have the option to sell the right to harness the seven wells already drilled, and therefore the exploration and drilling is not a sunk cost that a normal market operator would not take into account when making business decisions. The Authority observes that the drilling of the wells is a considerable share of the capital cost of a geothermal power plant.

| (102) | Of particular relevance in this respect is the fact that the wells at Þeistareykir were, according to information available to the Authority, drilled as production wells, that is, they were envisaged as production wells already from the beginning, at the time when they were drilled as exploratory wells (82). Therefore, only a relatively small additional cost of drilling is envisaged for the 45 MW Power Station, as demonstrated by the breakdown of the cost provided by Landsvirkjun, where the cost of geothermal drilling is estimated at [...] USD, whereas the 90 MW station scenario estimates [...] million USD in geothermal drilling (83). |
| --- | --- |

(102)

Of particular relevance in this respect is the fact that the wells at Þeistareykir were, according to information available to the Authority, drilled as production wells, that is, they were envisaged as production wells already from the beginning, at the time when they were drilled as exploratory wells (82). Therefore, only a relatively small additional cost of drilling is envisaged for the 45 MW Power Station, as demonstrated by the breakdown of the cost provided by Landsvirkjun, where the cost of geothermal drilling is estimated at [...] USD, whereas the 90 MW station scenario estimates [...] million USD in geothermal drilling (83).

| (103) | It appears that Landsvirkjun does not have the option under the Power Contract to delay the start of delivery of the power and provide the energy by means of a different source than that generated by the planned Power Station, should the construction of the Power Station be delayed. At this point in time, the contract power, 52–58 MW, is not available in Landsvirkjun's generation system. The power company must construct a new power station for the purposes of delivering the contract power. The Authority understands that Landsvirkjun would not be able to provide the contract power by constructing a new plant in a different region, due to the limited possibilities to transmit additional power to the North-East region from other regions. In contrast, according to Landsvirkjun's own assessment, such limitations in terms of transmission capacity would not be present were it to provide power from the Power Station to potential customers in the South-West of Iceland (84). However, the Authority understands that Landsvirkjun would not at this point in time construct the envisaged Power Station without the Plant being constructed at Bakki, but rather at a later point in time. As demonstrated by Landsvirkjun's internal documents, since the PCC Plant will be located in the North-East of Iceland, the only possible way to provide the energy within the time frame envisaged in the agreements entered into between the Icelandic authorities and PCC is to generate it in the new facility to be built at Þeistareykir (85). |
| --- | --- |

(103)

It appears that Landsvirkjun does not have the option under the Power Contract to delay the start of delivery of the power and provide the energy by means of a different source than that generated by the planned Power Station, should the construction of the Power Station be delayed. At this point in time, the contract power, 52–58 MW, is not available in Landsvirkjun's generation system. The power company must construct a new power station for the purposes of delivering the contract power. The Authority understands that Landsvirkjun would not be able to provide the contract power by constructing a new plant in a different region, due to the limited possibilities to transmit additional power to the North-East region from other regions. In contrast, according to Landsvirkjun's own assessment, such limitations in terms of transmission capacity would not be present were it to provide power from the Power Station to potential customers in the South-West of Iceland (84). However, the Authority understands that Landsvirkjun would not at this point in time construct the envisaged Power Station without the Plant being constructed at Bakki, but rather at a later point in time. As demonstrated by Landsvirkjun's internal documents, since the PCC Plant will be located in the North-East of Iceland, the only possible way to provide the energy within the time frame envisaged in the agreements entered into between the Icelandic authorities and PCC is to generate it in the new facility to be built at Þeistareykir (85).

| (104) | Moreover, the Power Contract does not contain any conditions related to the Þeistareykir Power Station. This means that Landsvirkjun bears the risk if the costs of constructing the Power Station increase, or if its construction is delayed. |
| --- | --- |

(104)

Moreover, the Power Contract does not contain any conditions related to the Þeistareykir Power Station. This means that Landsvirkjun bears the risk if the costs of constructing the Power Station increase, or if its construction is delayed.

| (105) | The Authority also takes note of the fact that in the profitability calculations presented, Landsvirkjun appears not to have included any required return on the accrued costs. Moreover, the company appears not to have included any cost related to connecting the Power Station to the transmission system, which may be an unrealistic assumption as demonstrated by the facts involving the Transmission Agreement, assessed below. |
| --- | --- |

(105)

The Authority also takes note of the fact that in the profitability calculations presented, Landsvirkjun appears not to have included any required return on the accrued costs. Moreover, the company appears not to have included any cost related to connecting the Power Station to the transmission system, which may be an unrealistic assumption as demonstrated by the facts involving the Transmission Agreement, assessed below.

| (106) | For the above reasons, the Authority concludes that it has doubts as to whether the Power Contract was concluded on market terms. |
| --- | --- |

(106)

For the above reasons, the Authority concludes that it has doubts as to whether the Power Contract was concluded on market terms.

| (107) | The Authority invites the Icelandic authorities to shed more light on the motives behind the Power Contract, or the choices made by the parties in the contract, in light of the lack of profitability of the Power Contract and the business risk. Moreover, the Icelandic authorities are invited to shed light on all cost factors, including the (potential) costs which may not to have been included in the cost calculation provided, such as the costs of connecting the Power Station to the grid and costs that Landsvirkjun may have to take on as regards the System Contribution according to the Electricity Act, accrued costs, remuneration for the use of land and natural resources, possible maintenance/reinjection wells, and the possible construction of equipment for reducing the emission of H2S (hydrogen sulphide) into the atmosphere, according to requirements of Regulation (EC) No 514/2010 on the level of H2S in the atmosphere. |
| --- | --- |

(107)

The Authority invites the Icelandic authorities to shed more light on the motives behind the Power Contract, or the choices made by the parties in the contract, in light of the lack of profitability of the Power Contract and the business risk. Moreover, the Icelandic authorities are invited to shed light on all cost factors, including the (potential) costs which may not to have been included in the cost calculation provided, such as the costs of connecting the Power Station to the grid and costs that Landsvirkjun may have to take on as regards the System Contribution according to the Electricity Act, accrued costs, remuneration for the use of land and natural resources, possible maintenance/reinjection wells, and the possible construction of equipment for reducing the emission of H2S (hydrogen sulphide) into the atmosphere, according to requirements of Regulation (EC) No 514/2010 on the level of H2S in the atmosphere.

1.3.2.   The Transmission Agreement

| (108) | As a preliminary point, the Authority observes that transmission tariffs are one of the key elements of the EEA internal electricity market. Directive 2003/54/EC concerning common rules for the internal market in electricity (86) provides that national regulators shall ensure non-discriminatory and cost-reflective transmission tariffs (87), but the system of allocating costs to transmission uses is not regulated by the internal market legislation, and different tariff schemes coexist in the EEA. An overview of the transmission tariffs in Europe can be found in a recent ENTSO-E synthesis, according to which infrastructure is the main component of the Icelandic transmission tariff and (energy-intensive) grid users pay for the infrastructure connecting their installation to the transmission grid based on actual cost (not socialized via the tariff) (88). This is in line with the information provided by the Icelandic authorities in the case at hand, in which it has been explained that Article 12a of the Electricity Act provides that for connecting new energy-intensive users in Iceland: (i) Step-down Surcharge shall be charged in case the electricity is delivered at voltage below 132 kV, for covering the extra costs of the stepping-down (see Article 12a(7) of the Electricity Act); and (ii) System Contribution (connection fee) shall be charged for necessary additional costs resulting from the connection (see Article 12a(10) of the Electricity Act, and also Article 15(11) of the Electricity Regulation) (89). |
| --- | --- |

(108)

As a preliminary point, the Authority observes that transmission tariffs are one of the key elements of the EEA internal electricity market. Directive 2003/54/EC concerning common rules for the internal market in electricity (86) provides that national regulators shall ensure non-discriminatory and cost-reflective transmission tariffs (87), but the system of allocating costs to transmission uses is not regulated by the internal market legislation, and different tariff schemes coexist in the EEA. An overview of the transmission tariffs in Europe can be found in a recent ENTSO-E synthesis, according to which infrastructure is the main component of the Icelandic transmission tariff and (energy-intensive) grid users pay for the infrastructure connecting their installation to the transmission grid based on actual cost (not socialized via the tariff) (88). This is in line with the information provided by the Icelandic authorities in the case at hand, in which it has been explained that Article 12a of the Electricity Act provides that for connecting new energy-intensive users in Iceland: (i) Step-down Surcharge shall be charged in case the electricity is delivered at voltage below 132 kV, for covering the extra costs of the stepping-down (see Article 12a(7) of the Electricity Act); and (ii) System Contribution (connection fee) shall be charged for necessary additional costs resulting from the connection (see Article 12a(10) of the Electricity Act, and also Article 15(11) of the Electricity Regulation) (89).

| (109) | The Authority observes that the issue is to examine whether PCC will receive an economic advantage in the form of preferential transmission charges via the Transmission Agreement in the form of exemptions from costs that normally would be borne by the company in its normal course of business. The Authority recalls that the system of transmission charges in Iceland was outlined and the Transmission Agreement was described in subsections I.2.3.5 and I.2.3.6 above. A part of the charges in the case at hand appear at this stage to deviate from the statutory rules and general principles in Iceland; that is the Step-down Surcharge and the System Contribution. This will be addressed below. |
| --- | --- |

(109)

The Authority observes that the issue is to examine whether PCC will receive an economic advantage in the form of preferential transmission charges via the Transmission Agreement in the form of exemptions from costs that normally would be borne by the company in its normal course of business. The Authority recalls that the system of transmission charges in Iceland was outlined and the Transmission Agreement was described in subsections I.2.3.5 and I.2.3.6 above. A part of the charges in the case at hand appear at this stage to deviate from the statutory rules and general principles in Iceland; that is the Step-down Surcharge and the System Contribution. This will be addressed below.

| (110) | The Authority observes that the information made available to it appears to indicate, at the outset, that the connection of the PCC Plant at Bakki would be a part of an overall plan to connect the envisaged power plant(s) at Þeistareykir to the planned industrial site at Bakki. This is described in a memorandum dated 13 February 2013, enclosed as Annex VII to the bill of law adopted by the Parliament as the PCC Act, entering into force on 12 April 2013, authorizing the State to enter into an investment agreement with PCC entailing regional investment aid (90), approved by the Authority by Decision No 111/14/COL. The memorandum describes that Landsnet has for some time prepared the construction of 220 kV power lines to connect the national grid at the power plant at Krafla to the envisaged industrial site at Bakki through the envisaged Þeistareykir Power Station. It states that at the outset Landsnet will be operating one power line at 132 kV voltage (91) for the purposes of providing the envisaged PCC Plant with power. |
| --- | --- |

(110)

The Authority observes that the information made available to it appears to indicate, at the outset, that the connection of the PCC Plant at Bakki would be a part of an overall plan to connect the envisaged power plant(s) at Þeistareykir to the planned industrial site at Bakki. This is described in a memorandum dated 13 February 2013, enclosed as Annex VII to the bill of law adopted by the Parliament as the PCC Act, entering into force on 12 April 2013, authorizing the State to enter into an investment agreement with PCC entailing regional investment aid (90), approved by the Authority by Decision No 111/14/COL. The memorandum describes that Landsnet has for some time prepared the construction of 220 kV power lines to connect the national grid at the power plant at Krafla to the envisaged industrial site at Bakki through the envisaged Þeistareykir Power Station. It states that at the outset Landsnet will be operating one power line at 132 kV voltage (91) for the purposes of providing the envisaged PCC Plant with power.

1.3.2.1.   The Step-down Surcharge

| (111) | As describe above, the Step-down Surcharge is established by statutory rules and is intended to compensate for the actual extra costs related to the stepping-down of the electricity from 220 kV or 132 kV to the lower delivery voltage requested by the energy-intensive user (92). |
| --- | --- |

(111)

As describe above, the Step-down Surcharge is established by statutory rules and is intended to compensate for the actual extra costs related to the stepping-down of the electricity from 220 kV or 132 kV to the lower delivery voltage requested by the energy-intensive user (92).

| (112) | The Transmission Agreement describes at Article 10.1 that a Step-down Surcharge will be charged for having the contract power delivered at a 33 kV and 11 kV voltage, as further laid down in the Grid Code B.9 and in Annex 5 to the Transmission Agreement. |
| --- | --- |

(112)

The Transmission Agreement describes at Article 10.1 that a Step-down Surcharge will be charged for having the contract power delivered at a 33 kV and 11 kV voltage, as further laid down in the Grid Code B.9 and in Annex 5 to the Transmission Agreement.

| (113) | The Icelandic authorities have explained that the estimated actual cost of stepping down the electricity is approximately ISK [...] million (EUR [...] million). In Annex 5 of the Transmission Agreement the estimated actual equipment cost is ISK [...] million and breakdown of the equipment cost as a basis for the Step-down Surcharge is as follows:







  Equipment | Voltage | Estimated cost |
| --- | --- | --- | --- |
| One circuit breaker bay at Bakki substation | 220 kV | [...] ISK |
| Two step-down transformers at Bakki (80 MVA), including cells and shelter | 220/33/11 kV | [...] ISK |
| Two circuit breaker bays at Bakki substation | 33 kV | [...] ISK |
| Protection and metering | 220 kV | [...] ISK |

(113)

The Icelandic authorities have explained that the estimated actual cost of stepping down the electricity is approximately ISK [...] million (EUR [...] million). In Annex 5 of the Transmission Agreement the estimated actual equipment cost is ISK [...] million and breakdown of the equipment cost as a basis for the Step-down Surcharge is as follows:

Equipment

Voltage

Estimated cost

One circuit breaker bay at Bakki substation

220 kV

[...] ISK

Two step-down transformers at Bakki (80 MVA), including cells and shelter

220/33/11 kV

[...] ISK

Two circuit breaker bays at Bakki substation

33 kV

[...] ISK

Protection and metering

220 kV

[...] ISK

Figure 9. Source: Transmission Agreement

| (114) | The Icelandic authorities have referred to Article 13 of the Electricity Act as regards the permission for Landsnet to deliver electricity to energy-intensive users at 132 kV voltages or below. The Authority notes that the relevant provision of Article 13 was added to the Electricity Act in 2011 by Act No 19/2011, providing for an exemption for Landsnet to deliver electricity to energy-intensive users at a voltage below 132 kV. Article 13 belongs to the Electricity Act's chapter on the distribution system and it contains a general rule granting a monopoly to distribution system operators (DSOs) to distribute electricity within their geographical area of operation, and, with the amendment in 2011, the exemption for the TSO to deliver electricity within the DSO's monopoly area to energy-intensive users at a voltage below 132 kV. The provision is not relevant for assessing whether state aid is involved in the Step-down Surcharge in this case. |
| --- | --- |

(114)

The Icelandic authorities have referred to Article 13 of the Electricity Act as regards the permission for Landsnet to deliver electricity to energy-intensive users at 132 kV voltages or below. The Authority notes that the relevant provision of Article 13 was added to the Electricity Act in 2011 by Act No 19/2011, providing for an exemption for Landsnet to deliver electricity to energy-intensive users at a voltage below 132 kV. Article 13 belongs to the Electricity Act's chapter on the distribution system and it contains a general rule granting a monopoly to distribution system operators (DSOs) to distribute electricity within their geographical area of operation, and, with the amendment in 2011, the exemption for the TSO to deliver electricity within the DSO's monopoly area to energy-intensive users at a voltage below 132 kV. The provision is not relevant for assessing whether state aid is involved in the Step-down Surcharge in this case.

| (115) | Furthermore, the Icelandic authorities have referred to the Step-down Surcharge as established in Landsnet's Grid Code B.9. The Authority observes that the legal basis for the Step-down Surcharge appears to be in Article 12a(7) of the Electricity Act, which reads:

  ‘The transmission system operator may deliver electricity to energy-intensive users at a voltage of 66 kV or below, provided the extra costs are covered by a special surcharge.’
   (93) |
| --- | --- |

(115)

Furthermore, the Icelandic authorities have referred to the Step-down Surcharge as established in Landsnet's Grid Code B.9. The Authority observes that the legal basis for the Step-down Surcharge appears to be in Article 12a(7) of the Electricity Act, which reads:

‘The transmission system operator may deliver electricity to energy-intensive users at a voltage of 66 kV or below, provided the extra costs are covered by a special surcharge.’
   (93)

| (116) | The Icelandic authorities have confirmed that the Step-down Surcharge is intended to cover the actual cost of stepping down the electricity from 220 kV or 132 kV to the delivery voltage requested (94). |
| --- | --- |

(116)

The Icelandic authorities have confirmed that the Step-down Surcharge is intended to cover the actual cost of stepping down the electricity from 220 kV or 132 kV to the delivery voltage requested (94).

| (117) | On this basis, it is the Authority's understanding at this stage that the Step-down Surcharge is intended to fully cover the extra costs of the stepping-down to the voltage level requested by the energy-intensive customer. The Icelandic authorities have submitted a formula (see also subsection I.2.3.6.2 above) applied in the case of PCC, for calculating a surcharge on the Capacity Charge (per year) and Energy Charge (per kWh) parts of the Transmission Charge for energy-intensive users. The Authority observes that the formula appears to take into account only an 80 % share of the total actual expenses related to the stepping-down (95). The Authority has not been provided with any justification, other than a reference to Landsnet's Grid Code B.9, where the formula is provided, and the contention that ‘the same approaches shall be applied as those pertaining to the income possibility curve of power intensive users, for instance in relation to depreciation, operating expenses and return rates’
   (96). The Authority recalls that the statutory rule appears to prescribe the full coverage of the cost of stepping down, and that no information has been put forward in the context of this case as to any confirmed or potential other users at Bakki, which could possibly justify a reduced cost coverage by PCC. The Icelandic authorities are invited to put forward any information pertaining to the issue of cost coverage of the Step-down Surcharge in the case of PCC, to explain how this is in line with the statutory rule in Article 12a(7) of the Electricity Act, to provide calculations, and to clarify the extent to which they may consider the Step-down Surcharge not to entail state aid in favour of PCC. |
| --- | --- |

(117)

On this basis, it is the Authority's understanding at this stage that the Step-down Surcharge is intended to fully cover the extra costs of the stepping-down to the voltage level requested by the energy-intensive customer. The Icelandic authorities have submitted a formula (see also subsection I.2.3.6.2 above) applied in the case of PCC, for calculating a surcharge on the Capacity Charge (per year) and Energy Charge (per kWh) parts of the Transmission Charge for energy-intensive users. The Authority observes that the formula appears to take into account only an 80 % share of the total actual expenses related to the stepping-down (95). The Authority has not been provided with any justification, other than a reference to Landsnet's Grid Code B.9, where the formula is provided, and the contention that ‘the same approaches shall be applied as those pertaining to the income possibility curve of power intensive users, for instance in relation to depreciation, operating expenses and return rates’
   (96). The Authority recalls that the statutory rule appears to prescribe the full coverage of the cost of stepping down, and that no information has been put forward in the context of this case as to any confirmed or potential other users at Bakki, which could possibly justify a reduced cost coverage by PCC. The Icelandic authorities are invited to put forward any information pertaining to the issue of cost coverage of the Step-down Surcharge in the case of PCC, to explain how this is in line with the statutory rule in Article 12a(7) of the Electricity Act, to provide calculations, and to clarify the extent to which they may consider the Step-down Surcharge not to entail state aid in favour of PCC.

1.3.2.2.   The System Contribution

| (118) | The Icelandic authorities have explained that the general Transmission Charge for energy-intensive users does not include a fee for connecting new customers to the transmission grid. They have explained that according to statutory rules the connection of new customers shall not result in increased cost for the existing customers. Furthermore, the Icelandic authorities have explained that the payment (the System Contribution) shall be established on the basis of the necessary costs of connection (97). |
| --- | --- |

(118)

The Icelandic authorities have explained that the general Transmission Charge for energy-intensive users does not include a fee for connecting new customers to the transmission grid. They have explained that according to statutory rules the connection of new customers shall not result in increased cost for the existing customers. Furthermore, the Icelandic authorities have explained that the payment (the System Contribution) shall be established on the basis of the necessary costs of connection (97).

| (119) | The Authority understands that Article 12a(10) of the Electricity Act provides that the TSO shall charge for the additional cost that connecting a new energy-intensive user would otherwise entail for the existing grid users. Article 15(11) of the Electricity Regulation provides that the TSO shall inform the new energy-intensive user beforehand on whether a System Contribution will be charged and shall provide him with the assumptions on the basis of which it is calculated. |
| --- | --- |

(119)

The Authority understands that Article 12a(10) of the Electricity Act provides that the TSO shall charge for the additional cost that connecting a new energy-intensive user would otherwise entail for the existing grid users. Article 15(11) of the Electricity Regulation provides that the TSO shall inform the new energy-intensive user beforehand on whether a System Contribution will be charged and shall provide him with the assumptions on the basis of which it is calculated.

| (120) | The Icelandic authorities have submitted that the administrative practice in establishing the System Contribution is based on a methodology where the cash flow of the project is calculated on the general assumptions that the weighted average cost of capital (WACC) is 5,31 %, operating costs 1,2 % and the proportion of income for return on investment is set at 27 %. The investment cost, deducted the System Contribution, becomes a part of Landsnet's assets base, on which the NEA establishes the revenue cap (98). However, the Icelandic authorities have not clarified the methodology on which the investment cost is established in the case of System Contribution. Therefore, the Authority is not in the position to verify the assumptions made. |
| --- | --- |

(120)

The Icelandic authorities have submitted that the administrative practice in establishing the System Contribution is based on a methodology where the cash flow of the project is calculated on the general assumptions that the weighted average cost of capital (WACC) is 5,31 %, operating costs 1,2 % and the proportion of income for return on investment is set at 27 %. The investment cost, deducted the System Contribution, becomes a part of Landsnet's assets base, on which the NEA establishes the revenue cap (98). However, the Icelandic authorities have not clarified the methodology on which the investment cost is established in the case of System Contribution. Therefore, the Authority is not in the position to verify the assumptions made.

| (121) | The Icelandic authorities have explained that the ‘income framework’ of Landsnet is based on its assets, which are assigned to the in-feed, the main, or the out-feed part of the grid. They have provided the following proportional assignment of Landsnet's assets, as regards the energy-intensive part, stating that this is the current proportional assignment of the assets (99): | In-feed | Main | Out-feed |
| --- | --- | --- | --- | --- |
| Energy-intensive users | 11 % | 62 % | 27 % |

(121)

The Icelandic authorities have explained that the ‘income framework’ of Landsnet is based on its assets, which are assigned to the in-feed, the main, or the out-feed part of the grid. They have provided the following proportional assignment of Landsnet's assets, as regards the energy-intensive part, stating that this is the current proportional assignment of the assets (99):

In-feed

Main

Out-feed

Energy-intensive users

11 %

62 %

27 %

| (122) | The Authority understands that Landsnet in general allocates 27 % of the future revenues from new energy-intensive users (stemming from the general Transmission Charge) to the investment and operational costs of connecting them to the grid. The Icelandic authorities have not provided further explanations or the rationale behind the mentioned assumption of 27 % proportion of income for return on investment, other than that the income framework of Landsnet is based on the company's assets as approved by the NEA, and the submission that ‘the connection of PCC to the grid belongs to the Out-feed part of the grid’
   (100) without clarifying whether these assumptions are established by statutory rules, by the NEA or by Landsnet itself, and how it is established that they are assumptions to be used as a basis for the statutory obligation to pay a System Contribution for the extra costs of the connection. |
| --- | --- |

(122)

The Authority understands that Landsnet in general allocates 27 % of the future revenues from new energy-intensive users (stemming from the general Transmission Charge) to the investment and operational costs of connecting them to the grid. The Icelandic authorities have not provided further explanations or the rationale behind the mentioned assumption of 27 % proportion of income for return on investment, other than that the income framework of Landsnet is based on the company's assets as approved by the NEA, and the submission that ‘the connection of PCC to the grid belongs to the Out-feed part of the grid’
   (100) without clarifying whether these assumptions are established by statutory rules, by the NEA or by Landsnet itself, and how it is established that they are assumptions to be used as a basis for the statutory obligation to pay a System Contribution for the extra costs of the connection.

| (123) | The Icelandic authorities are invited to clarify how the investment and operational costs are established for the purposes of establishing the System Contribution, and how the proportion of 27 % is established based on statutory rules; how this is established in the context of a possible System Contribution payable by PCC; and to clarify the extent to which they consider it not to entail state aid in favour of PCC. |
| --- | --- |

(123)

The Icelandic authorities are invited to clarify how the investment and operational costs are established for the purposes of establishing the System Contribution, and how the proportion of 27 % is established based on statutory rules; how this is established in the context of a possible System Contribution payable by PCC; and to clarify the extent to which they consider it not to entail state aid in favour of PCC.

| (124) | Irrespective of the above, the Authority observes that the Icelandic authorities have submitted that ‘[i]ncluding the total investment cost in the calculations for PCC are superfluous and would imply that PCC paid for possible future users at the Bakki industrial site’
   (101). This statement appears to indicate that the intention is not to charge the (full) statutory System Contribution in the case of PCC. |
| --- | --- |

(124)

Irrespective of the above, the Authority observes that the Icelandic authorities have submitted that ‘[i]ncluding the total investment cost in the calculations for PCC are superfluous and would imply that PCC paid for possible future users at the Bakki industrial site’
   (101). This statement appears to indicate that the intention is not to charge the (full) statutory System Contribution in the case of PCC.

| (125) | Article 10.1 of the Transmission Agreement does not contain any reference to a System Contribution or special connection fee or to Article 12a(10) of the Electricity Act. Article 10.1 of the Agreement refers to sample invoices provided in its Annex 4. The pro forma invoices provided in Annex 4 to the Transmission Agreement do not contain any reference to a connection fee or to the System Contribution. A ‘connection fee’ is referred to at paragraph 2 of Annex 4 to the Transmission Agreement, however with reference to Article 12(8) of the Electricity Act, which contains no reference to a System Contribution, but rather is an authorisation to issue secondary legislation regarding the revenue cap. |
| --- | --- |

(125)

Article 10.1 of the Transmission Agreement does not contain any reference to a System Contribution or special connection fee or to Article 12a(10) of the Electricity Act. Article 10.1 of the Agreement refers to sample invoices provided in its Annex 4. The pro forma invoices provided in Annex 4 to the Transmission Agreement do not contain any reference to a connection fee or to the System Contribution. A ‘connection fee’ is referred to at paragraph 2 of Annex 4 to the Transmission Agreement, however with reference to Article 12(8) of the Electricity Act, which contains no reference to a System Contribution, but rather is an authorisation to issue secondary legislation regarding the revenue cap.

| (126) | The Authority observes that the Icelandic authorities have submitted calculations pertaining to (i) the investment cost for the transmission construction necessary for supplying the power to the industrial site at Bakki, ISK [...] million (approximately EUR [...] million), thereof estimation of the cost if Landsnet would only construct in order to fulfil the requirements of PCC, ISK [...] million (approximately EUR [...] million); and (ii) the investment cost necessary for the connection of the PCC Plant to a substation at Bakki, ISK [...] million (approximately EUR [...] million) (102). The Authority observes that in these figures, the costs of connecting with the grid at Krafla power plant have not been included and that according to publicly available information, the total cost of the connection from the grid to Bakki was in February 2014 estimated at almost ISK 5 billion (approximately EUR 32 million) (103). |
| --- | --- |

(126)

The Authority observes that the Icelandic authorities have submitted calculations pertaining to (i) the investment cost for the transmission construction necessary for supplying the power to the industrial site at Bakki, ISK [...] million (approximately EUR [...] million), thereof estimation of the cost if Landsnet would only construct in order to fulfil the requirements of PCC, ISK [...] million (approximately EUR [...] million); and (ii) the investment cost necessary for the connection of the PCC Plant to a substation at Bakki, ISK [...] million (approximately EUR [...] million) (102). The Authority observes that in these figures, the costs of connecting with the grid at Krafla power plant have not been included and that according to publicly available information, the total cost of the connection from the grid to Bakki was in February 2014 estimated at almost ISK 5 billion (approximately EUR 32 million) (103).

| (127) | The Icelandic authorities have not provided a calculation of any possible System Contribution payable by PCC. They have put forward an estimated sum of ISK [...] million (approximately EUR [...] million) as a possible System Contribution for ‘upgrading the transmission system, in line with PCC's requirements’. However, no commitment appears to have been made at this stage to charge this amount or any other amount in the case of PCC. Furthermore, the Icelandic authorities have submitted that calculations demonstrate that PCC would not incur System Contribution would it locate itself in Helguvík in the South-West part of Iceland, and that the issue has been discussed between Landsnet, Landsvirkjun and the Icelandic authorities (104). The Authority questions the relevance of whether or not PCC would have to pay System Contribution were it to locate differently. In any case, the Authority is unable at this stage to establish whether ISK [...] million would be a full statutory System Contribution, and invites the Icelandic authorities to clarify how to understand the statutory rules on System Contribution and how they are applied in the case of PCC. |
| --- | --- |

(127)

The Icelandic authorities have not provided a calculation of any possible System Contribution payable by PCC. They have put forward an estimated sum of ISK [...] million (approximately EUR [...] million) as a possible System Contribution for ‘upgrading the transmission system, in line with PCC's requirements’. However, no commitment appears to have been made at this stage to charge this amount or any other amount in the case of PCC. Furthermore, the Icelandic authorities have submitted that calculations demonstrate that PCC would not incur System Contribution would it locate itself in Helguvík in the South-West part of Iceland, and that the issue has been discussed between Landsnet, Landsvirkjun and the Icelandic authorities (104). The Authority questions the relevance of whether or not PCC would have to pay System Contribution were it to locate differently. In any case, the Authority is unable at this stage to establish whether ISK [...] million would be a full statutory System Contribution, and invites the Icelandic authorities to clarify how to understand the statutory rules on System Contribution and how they are applied in the case of PCC.

| (128) | Internal documents of Landsvirkjun from 2012 demonstrate that in the connection agreements between Landsnet and Landsvirkjun at the time, the latter guaranteed the full payment of the cost of connecting the Power Station (the System Contribution) (105). According to an internal memorandum dated 22 May 2012 (106), Landsvirkjun requested Landsnet not to address the issue of a System Contribution [...], in order to ensure the development of the industrial site. These internal documents also state that with the Transmission Agreement's duration of 15 years, a total minimum transmission would have to be 125 to 140 MW to generate the income necessary to recoup the investment. The Authority understands that with the transmission of 52–58 MW foreseen under the Transmission Agreement, the general Transmission Charge will not recoup the investment cost. Indeed, according to the internal documents provided, Landsnet would have to charge a substantial System Contribution from both PCC and Landsvirkjun to recoup the investment. According to these internal documents, 85–95 MW would be needed for the transmission investment to be profitable if 100 % of the revenues from the general Transmission Charge would be allocated to the investment, as opposed to the 27 % discussed in paragraphs (121) to (123) above, for a lifetime of 50 years (107). It is not clear whether Landsvirkjun has at this point in time, as envisaged in the internal documents made available to the Authority, guaranteed in one way or another the revenues needed for the transmission investment in this case. |
| --- | --- |

(128)

Internal documents of Landsvirkjun from 2012 demonstrate that in the connection agreements between Landsnet and Landsvirkjun at the time, the latter guaranteed the full payment of the cost of connecting the Power Station (the System Contribution) (105). According to an internal memorandum dated 22 May 2012 (106), Landsvirkjun requested Landsnet not to address the issue of a System Contribution [...], in order to ensure the development of the industrial site. These internal documents also state that with the Transmission Agreement's duration of 15 years, a total minimum transmission would have to be 125 to 140 MW to generate the income necessary to recoup the investment. The Authority understands that with the transmission of 52–58 MW foreseen under the Transmission Agreement, the general Transmission Charge will not recoup the investment cost. Indeed, according to the internal documents provided, Landsnet would have to charge a substantial System Contribution from both PCC and Landsvirkjun to recoup the investment. According to these internal documents, 85–95 MW would be needed for the transmission investment to be profitable if 100 % of the revenues from the general Transmission Charge would be allocated to the investment, as opposed to the 27 % discussed in paragraphs (121) to (123) above, for a lifetime of 50 years (107). It is not clear whether Landsvirkjun has at this point in time, as envisaged in the internal documents made available to the Authority, guaranteed in one way or another the revenues needed for the transmission investment in this case.

| (129) | Finally, the Authority observes that the Transmission Agreement contains, at Annex 1, a description of the scope of the transmission system works, as regards the transmission lines, to be undertaken by Landsnet as being one 220 kV power line from Þeistareykir Power Plant to Bakki substation and five 11 kV and 33 kV cables from Bakki substation to the Plant, as opposed to also covering the connection from the transmission grid at Krafla to the Power Station, as referred to in Landsnet's memorandum attached to the bill of law proposing the PCC Act and the information Landsvirkjun has submitted to the Authority, described above. Calculations provided by the Icelandic authorities appear to only take into account the connection from the Power Station to the Plant and not from the national grid to the Power Station (108). It appears to be the understanding of the Icelandic authorities' that the cost of connecting Þeistareykir Power Station to the national grid at Krafla does not form the basis of a possible System Contribution which Landsnet would charge from PCC. The Authority also understands that Landsvirkjun would not be able to provide PCC with all the contract power and Landsnet would not be able to transmit all the contract power unless Þeistareykir Power Station was connected to the national grid at Krafla. The Authority has not been provided with information pertaining to the costs of the connection between Þeistareykir and Krafla and it does not have information as to whether Landsnet envisages charging Landsvirkjun for the connection of the Power Station to the national grid or to the PCC Plant. The Authority is at this juncture not in the position to assess whether there is state aid granted to PCC (and/or Landsvirkjun) as regards the connection from Krafla to Þeistareykir Power Station. However, taking into account the distance between Krafla and Bakki, and the fact that the Power Station will be located between these two points, it is evident that some cost will be related to the connection between Krafla and the Power Station (109). The Icelandic authorities are invited to clarify all the aspects of the cost of connecting the Plant to the grid and of the System Contribution necessary for the Authority to establish whether state aid is involved in the Transmission Agreement. |
| --- | --- |

(129)

Finally, the Authority observes that the Transmission Agreement contains, at Annex 1, a description of the scope of the transmission system works, as regards the transmission lines, to be undertaken by Landsnet as being one 220 kV power line from Þeistareykir Power Plant to Bakki substation and five 11 kV and 33 kV cables from Bakki substation to the Plant, as opposed to also covering the connection from the transmission grid at Krafla to the Power Station, as referred to in Landsnet's memorandum attached to the bill of law proposing the PCC Act and the information Landsvirkjun has submitted to the Authority, described above. Calculations provided by the Icelandic authorities appear to only take into account the connection from the Power Station to the Plant and not from the national grid to the Power Station (108). It appears to be the understanding of the Icelandic authorities' that the cost of connecting Þeistareykir Power Station to the national grid at Krafla does not form the basis of a possible System Contribution which Landsnet would charge from PCC. The Authority also understands that Landsvirkjun would not be able to provide PCC with all the contract power and Landsnet would not be able to transmit all the contract power unless Þeistareykir Power Station was connected to the national grid at Krafla. The Authority has not been provided with information pertaining to the costs of the connection between Þeistareykir and Krafla and it does not have information as to whether Landsnet envisages charging Landsvirkjun for the connection of the Power Station to the national grid or to the PCC Plant. The Authority is at this juncture not in the position to assess whether there is state aid granted to PCC (and/or Landsvirkjun) as regards the connection from Krafla to Þeistareykir Power Station. However, taking into account the distance between Krafla and Bakki, and the fact that the Power Station will be located between these two points, it is evident that some cost will be related to the connection between Krafla and the Power Station (109). The Icelandic authorities are invited to clarify all the aspects of the cost of connecting the Plant to the grid and of the System Contribution necessary for the Authority to establish whether state aid is involved in the Transmission Agreement.

| (130) | It is the Authority's preliminary view that the Transmission Agreement does not establish an obligation for PCC to pay System Contribution in line with Article 12a of the Electricity Act and Article 15 of the Electricity Regulation. It is therefore the preliminary view of the Authority that the agreement entails state aid insofar as PCC is not obliged to pay the extra costs for the connection of the Plant to the transmission system, which in turn would increase the cost of the existing users. Explanations from the Icelandic authorities have done little to dispel the doubts the Authority has as regards the exemption PCC appears to enjoy in this respect from the statutory rules. |
| --- | --- |

(130)

It is the Authority's preliminary view that the Transmission Agreement does not establish an obligation for PCC to pay System Contribution in line with Article 12a of the Electricity Act and Article 15 of the Electricity Regulation. It is therefore the preliminary view of the Authority that the agreement entails state aid insofar as PCC is not obliged to pay the extra costs for the connection of the Plant to the transmission system, which in turn would increase the cost of the existing users. Explanations from the Icelandic authorities have done little to dispel the doubts the Authority has as regards the exemption PCC appears to enjoy in this respect from the statutory rules.

| (131) | According to Article 12a of the Electricity Act, PCC should pay the additional cost of connecting the Plant to the grid. On the basis of the above, the Authority is unable to exclude that there is state aid involved in the Transmission Agreement insofar as the calculation of the Step-down Surcharge and the potential exemption from the System Contribution in favour of PCC deviates from the general rules in Article 12a of the Electricity Act. |
| --- | --- |

(131)

According to Article 12a of the Electricity Act, PCC should pay the additional cost of connecting the Plant to the grid. On the basis of the above, the Authority is unable to exclude that there is state aid involved in the Transmission Agreement insofar as the calculation of the Step-down Surcharge and the potential exemption from the System Contribution in favour of PCC deviates from the general rules in Article 12a of the Electricity Act.

1.4.   
  Distortion of competition and effect on trade between Contracting Parties

| (132) | In order for a measure to constitute state aid within the meaning of Article 61(1) EEA it must be liable to distort competition and it must be liable to affect trade between the Contracting Parties to the EEA Agreement. |
| --- | --- |

(132)

In order for a measure to constitute state aid within the meaning of Article 61(1) EEA it must be liable to distort competition and it must be liable to affect trade between the Contracting Parties to the EEA Agreement.

| (133) | It follows from case law that it is not necessary to establish that the aid has a real effect on trade between Contracting Parties and that competition is actually being distorted, but only to examine whether that aid is liable to affect such trade and distort competition (110). Moreover, where aid granted by the State strengthens the position of an undertaking compared with other undertakings competing in intra-EEA trade, the latter must be regarded as affected by that aid (111). Conversely, it is not necessary that the recipient undertaking itself be involved in the said trade (112). |
| --- | --- |

(133)

It follows from case law that it is not necessary to establish that the aid has a real effect on trade between Contracting Parties and that competition is actually being distorted, but only to examine whether that aid is liable to affect such trade and distort competition (110). Moreover, where aid granted by the State strengthens the position of an undertaking compared with other undertakings competing in intra-EEA trade, the latter must be regarded as affected by that aid (111). Conversely, it is not necessary that the recipient undertaking itself be involved in the said trade (112).

| (134) | In light of the above, it is the preliminary conclusion of the Authority that PCC may well receive an undue selective advantage in the form of power price and transmission fees which it would not be able to receive from the market of supply of electricity, and therefore the distortive effects on competition should be notable. Electricity is an important component in the cost structure of a silicon metal plant. An undue selective advantage in this respect may abnormally increase PCC's profit and/or grant the company a competitive advantage over their competitors. For the sake of completeness, the distortion of competition and effect on trade will be assessed further below. |
| --- | --- |

(134)

In light of the above, it is the preliminary conclusion of the Authority that PCC may well receive an undue selective advantage in the form of power price and transmission fees which it would not be able to receive from the market of supply of electricity, and therefore the distortive effects on competition should be notable. Electricity is an important component in the cost structure of a silicon metal plant. An undue selective advantage in this respect may abnormally increase PCC's profit and/or grant the company a competitive advantage over their competitors. For the sake of completeness, the distortion of competition and effect on trade will be assessed further below.

| (135) | Given the fact that a number of power companies within the EEA may have been interested in supplying energy to PCC, the Power Contract is likely to distort intra-EEA trade. Also, given the supra-national nature of the EEA energy market, the distortion of competition caused by the aid is likely to have an impact on trade. On this basis, the Authority concludes that the Power Contract is liable to distort competition and to affect trade between the Contracting Parties to the EEA Agreement. |
| --- | --- |

(135)

Given the fact that a number of power companies within the EEA may have been interested in supplying energy to PCC, the Power Contract is likely to distort intra-EEA trade. Also, given the supra-national nature of the EEA energy market, the distortion of competition caused by the aid is likely to have an impact on trade. On this basis, the Authority concludes that the Power Contract is liable to distort competition and to affect trade between the Contracting Parties to the EEA Agreement.

| (136) | PCC intends to produce silicon metal for export from Iceland, including to other EEA countries. Silicon metal is a product widely traded within the EEA and in world markets. On this basis, the Authority concludes that the provisions of the Transmission Agreement covered by this Decision are also liable to distort competition and to affect trade between the Contracting Parties to the EEA Agreement. |
| --- | --- |

(136)

PCC intends to produce silicon metal for export from Iceland, including to other EEA countries. Silicon metal is a product widely traded within the EEA and in world markets. On this basis, the Authority concludes that the provisions of the Transmission Agreement covered by this Decision are also liable to distort competition and to affect trade between the Contracting Parties to the EEA Agreement.

1.5.   
  Conclusion on the existence of state aid

| (137) | In light of the above, the Authority comes to the preliminary conclusion that insofar as a selective economic advantage has been granted to PCC in the Power Contract and the relevant provisions of the Transmission Agreement, it is liable to distort competition and affect trade. Accordingly, it will involve state aid within the meaning of Article 61(1) of the EEA Agreement. |
| --- | --- |

(137)

In light of the above, the Authority comes to the preliminary conclusion that insofar as a selective economic advantage has been granted to PCC in the Power Contract and the relevant provisions of the Transmission Agreement, it is liable to distort competition and affect trade. Accordingly, it will involve state aid within the meaning of Article 61(1) of the EEA Agreement.

2.   Procedural requirements

| (138) | Pursuant to Article 1(3) of Part I of Protocol 3:

  ‘the EFTA Surveillance Authority shall be informed, in sufficient time to enable it to submit its comments, of any plans to grant or alter aid. [...] The State concerned shall not put its proposed measures into effect until the procedure has resulted in a final decision’. |
| --- | --- |

(138)

Pursuant to Article 1(3) of Part I of Protocol 3:

‘the EFTA Surveillance Authority shall be informed, in sufficient time to enable it to submit its comments, of any plans to grant or alter aid. [...] The State concerned shall not put its proposed measures into effect until the procedure has resulted in a final decision’.

| (139) | To the Authority's best knowledge, the Power Contract has not yet entered into effect. By submitting a notification of the Power Contract received on 15 and 17 April 2014, the Icelandic authorities thus complied with the requirement set out in Article 1(3) of Part I of Protocol 3. The Icelandic authorities did however not notify the Transmission Agreement, and therefore they did not comply with the requirement to do so set out in Article 1(3) of Part I of Protocol 3. However, according to the information provided by the Icelandic authorities, the Transmission Agreement has not yet entered into effect. |
| --- | --- |

(139)

To the Authority's best knowledge, the Power Contract has not yet entered into effect. By submitting a notification of the Power Contract received on 15 and 17 April 2014, the Icelandic authorities thus complied with the requirement set out in Article 1(3) of Part I of Protocol 3. The Icelandic authorities did however not notify the Transmission Agreement, and therefore they did not comply with the requirement to do so set out in Article 1(3) of Part I of Protocol 3. However, according to the information provided by the Icelandic authorities, the Transmission Agreement has not yet entered into effect.

3.   Compatibility of the aid

| (140) | The Authority takes the preliminary view that, insofar as the measures alleviate PCC of costs that should normally have been borne on their budget, they would constitute operating aid that would not be compatible with the EEA Agreement. |
| --- | --- |

(140)

The Authority takes the preliminary view that, insofar as the measures alleviate PCC of costs that should normally have been borne on their budget, they would constitute operating aid that would not be compatible with the EEA Agreement.

| (141) | The potential aid in the Power Contract and the Transmission Agreement identified above does not seem to be targeted at achieving any specific objective other than alleviating the PCC of costs that should normally have been borne on their budget. The Authority takes the preliminary view at this stage that none of the objectives sought by relevant State aid frameworks, such as the Guidelines on Regional state aid or the Guidelines on State aid for environmental protection, seem applicable to the measures at stake. |
| --- | --- |

(141)

The potential aid in the Power Contract and the Transmission Agreement identified above does not seem to be targeted at achieving any specific objective other than alleviating the PCC of costs that should normally have been borne on their budget. The Authority takes the preliminary view at this stage that none of the objectives sought by relevant State aid frameworks, such as the Guidelines on Regional state aid or the Guidelines on State aid for environmental protection, seem applicable to the measures at stake.

| (142) | Moreover, the Authority recalls that according to the case law of the Union courts, operating aid, that is to say, aid intended to relieve an undertaking of the expenses which it would itself normally have had to bear in its day-to-day management or its usual activities, does not in principle fall within the scope of Article 61(3) of the EEA Agreement, as the effect of such aid is in principle to distort competition in the sectors in which it is granted, whilst nevertheless being incapable, by its very nature, of achieving any of the objectives of the exceptions foreseen in Article 61(3) EEA (113). |
| --- | --- |

(142)

Moreover, the Authority recalls that according to the case law of the Union courts, operating aid, that is to say, aid intended to relieve an undertaking of the expenses which it would itself normally have had to bear in its day-to-day management or its usual activities, does not in principle fall within the scope of Article 61(3) of the EEA Agreement, as the effect of such aid is in principle to distort competition in the sectors in which it is granted, whilst nevertheless being incapable, by its very nature, of achieving any of the objectives of the exceptions foreseen in Article 61(3) EEA (113).

| (143) | As such, the potential aid is unlikely to be found compatible with the EEA Agreement under any of the specific rules applicable to different types of aid in the EEA. |
| --- | --- |

(143)

As such, the potential aid is unlikely to be found compatible with the EEA Agreement under any of the specific rules applicable to different types of aid in the EEA.

| (144) | Finally, the Authority observes, that even if potential aid under the Power Contract and/or the Transmission Agreement were to be classified as investment aid, regional investment aid has already been granted to PCC for the construction of the Plant, and approved by the Authority by Decision No 111/14/COL, up to the level of 8,7 % aid intensity, whereas the maximum allowable aid ceiling under the Regional Aid Guidelines would be 9 % and therefore the aid intensity is close to the ceiling. |
| --- | --- |

(144)

Finally, the Authority observes, that even if potential aid under the Power Contract and/or the Transmission Agreement were to be classified as investment aid, regional investment aid has already been granted to PCC for the construction of the Plant, and approved by the Authority by Decision No 111/14/COL, up to the level of 8,7 % aid intensity, whereas the maximum allowable aid ceiling under the Regional Aid Guidelines would be 9 % and therefore the aid intensity is close to the ceiling.

| (145) | The Icelandic authorities notified the Power Contract for legal certainty, and have not put forward any arguments regarding the question of compatibility of the measure in their notification or subsequent submissions. They are invited to do so. |
| --- | --- |

(145)

The Icelandic authorities notified the Power Contract for legal certainty, and have not put forward any arguments regarding the question of compatibility of the measure in their notification or subsequent submissions. They are invited to do so.

4.   Conclusion

| (146) | Based on the information available at this stage, the Authority cannot exclude the possibility that the contracts concluded between Landsvirkjun and Landsnet on the one hand and PCC on the other constitute state aid within the meaning of Article 61(1) of the EEA Agreement. The Authority also has doubts that the Power Contract and the provisions of the Transmission Agreement covered by this Decision comply with Article 61(3) of the EEA Agreement. Therefore it must preliminarily conclude that any preferential electricity price, and deviations from statutory rules on the Step-down Surcharge and System Contribution, granted to PCC would constitute State aid, which does not seem to fulfil any of the conditions for being declared compatible with the EEA Agreement. |
| --- | --- |

(146)

Based on the information available at this stage, the Authority cannot exclude the possibility that the contracts concluded between Landsvirkjun and Landsnet on the one hand and PCC on the other constitute state aid within the meaning of Article 61(1) of the EEA Agreement. The Authority also has doubts that the Power Contract and the provisions of the Transmission Agreement covered by this Decision comply with Article 61(3) of the EEA Agreement. Therefore it must preliminarily conclude that any preferential electricity price, and deviations from statutory rules on the Step-down Surcharge and System Contribution, granted to PCC would constitute State aid, which does not seem to fulfil any of the conditions for being declared compatible with the EEA Agreement.

| (147) | Consequently, and in accordance Article 4(4) of Part II of Protocol 3, the Authority is obliged to open the formal investigation procedure provided for in Article 1(2) of Part I of Protocol 3. The decision to open a formal investigation procedure is without prejudice to the final decision of the Authority, which may conclude that the measures in question are compatible with the functioning of the EEA Agreement. |
| --- | --- |

(147)

Consequently, and in accordance Article 4(4) of Part II of Protocol 3, the Authority is obliged to open the formal investigation procedure provided for in Article 1(2) of Part I of Protocol 3. The decision to open a formal investigation procedure is without prejudice to the final decision of the Authority, which may conclude that the measures in question are compatible with the functioning of the EEA Agreement.

| (148) | In light of the foregoing considerations, the Authority, acting under the procedure laid down in Article 1(2) of Part I of Protocol 3, invites the Icelandic authorities to submit their comments within one month of the date of receipt of this Decision. |
| --- | --- |

(148)

In light of the foregoing considerations, the Authority, acting under the procedure laid down in Article 1(2) of Part I of Protocol 3, invites the Icelandic authorities to submit their comments within one month of the date of receipt of this Decision.

| (149) | The Authority requests the Icelandic authorities to provide, within one month of receipt of this decision, all documents, information and data needed for assessment of the compatibility of the Power Contract and the provisions of the Transmission Agreement covered by this Decision. |
| --- | --- |

(149)

The Authority requests the Icelandic authorities to provide, within one month of receipt of this decision, all documents, information and data needed for assessment of the compatibility of the Power Contract and the provisions of the Transmission Agreement covered by this Decision.

| (150) | The Authority requests the Icelandic authorities to forward a copy of this decision to the potential aid recipient immediately. |
| --- | --- |

(150)

The Authority requests the Icelandic authorities to forward a copy of this decision to the potential aid recipient immediately.

| (151) | The Authority must remind the Icelandic authorities that, according to Article 14 of Part II of Protocol 3, any incompatible aid unlawfully granted to the beneficiary will have to be recovered, unless (exceptionally) this recovery would be contrary to a general principle of EEA law. |
| --- | --- |

(151)

The Authority must remind the Icelandic authorities that, according to Article 14 of Part II of Protocol 3, any incompatible aid unlawfully granted to the beneficiary will have to be recovered, unless (exceptionally) this recovery would be contrary to a general principle of EEA law.

HAS ADOPTED THIS DECISION:

Article 1

The formal investigation procedure provided for in Article 1(2) of Part I of Protocol 3 of the Surveillance and Court Agreement is opened into the Power Contract between PCC Bakki Silicon hf. and Landsvirkjun dated 17 March 2014, and the Step-down Surcharge and the exemption from the System Contribution in the Transmission Agreement entered into between PCC Bakki Silicon hf. and Landsnet on 7 February 2014.

Article 2

The Icelandic authorities are invited, pursuant to Article 6(1) of Part II of Protocol 3, to submit their comments on the opening of the formal investigation procedure within one month from the notification of this Decision.

Article 3

The Icelandic authorities are requested to provide within one month from notification of this decision, all documents, information and data needed for assessment of the compatibility of the aid measure.

Article 4

This Decision is addressed to Iceland.

Article 5

Only the English language version of this decision is authentic.

Decision made in Brussels, on 10 December 2014.

For the EFTA Surveillance Authority

Oda Helen SLETNES

President

Helga JÓNSDÓTTIR

College Member

---

(1)  Event No 705821 (ref. FJR14040039/17.4.1).

1

(2)  Events Nos 705962-4 (ref. 55-2014).

2

(3)  Event No 708675.

3

(4)  Events Nos 711527, 711529-32, 711536, 711538-40, 711544 and 711546 (ref. 57-2014/00.12).

4

(5)  Event No 716298.

5

(6)  Event No 723009 (ref. 57-2014/00.12).

6

(7)  Events Nos 726153-54 and 726156-58 (ref. FJR14040039/17.4.1 and 2014-04-20/10.5).

7

(8)  Event No 726504.

8

(9)  Available at the Authority's website: http://www.eftasurv.int/media/state-aid/decision_111_14_COL.pdf

9

(10)  See Decision No 111/14/COL paragraphs 10 and 11.

10

(11)  Event No 705963.

11

(12)  Event No 726156.

12

(13)  Further information is available at: https://www.pcc.eu/ttw/pcc.nsf/id/EN_Home

13

(14)  Act No 59/1965 was later repealed and replaced by Act No 42/1983.

14

(15)  Information from the website of Landsvirkjun.

15

(16)  According to Act No 21/2011 amending the Landsvirkjun Act. See also Decision No 302/09/COL proposing appropriate measures for Landsvirkjun.

16

(17)  See Decision No 392/11/COL, paragraph 11 and Event No 705962, page 1.

17

(18)  Landsnet is owned by the following state owned utilities: Landsvirkjun 64,73 %, RARIK (Iceland State Electricity) 22,51 %, Orkuveita Reykjavíkur (Reykjavík Energy) 6,78 % and Orkubú Vestfjarða (Westfjord Power Company) 5,98 %.

18

(19)  See draft Ten-Year Network Development Plan 2014, prepared by ENTSO-E, European Network of Stransmission System Operators for Electricity, pages 161-2, available at https://www.entsoe.eu/major-projects/ten-year-network-development-plan/tyndp-2014/Pages/default.aspx

19

(20)  See paragraph 7 of Decision No 111/14/COL.

20

(21)  These municpalities are: Norðurþing, Þingeyjarsveit, Skútustaðahreppur, Tjörneshreppur, Svalbarðshreppur and Langanesbyggð, which toghether form Þingeyjarsýsla county.

21

Norðurþing, Þingeyjarsveit, Skútustaðahreppur, Tjörneshreppur, Svalbarðshreppur

Langanesbyggð

Þingeyjarsýsla

(22)  Event No 705962, page 3-4.

22

(23)  See the National Planning Authority's opinion: http://www.skipulagsstofnun.is/media/attachments/Umhverfismat/816/2010010099.pdf

23

(24)  See Decision No 111/14/COL, paragraphs 7-9.

24

(25)  Minutes of Landsvirkjun board meeting 14.3.2014. Event No 705964, Attachment 10, page 2.

25

(26)  The Authority notes that a 66 kV underground cable was constructed from Þeistareykir in 2013 to provide Landsvirkjun with working electricity for the area and for a future connection with the regional grid in North-East Iceland.

26

(27)  See Landsnet memorandum dated 13.2.2013 in Annex VII to the bill of law on the PCC Investment Agreement, assessed in Decision No 111/14/COL, and available at: http://www.althingi.is/altext-/141/s/fylgiskjol/s1108-f_VII.pdf, and a document prepared by Landsvirkjun, dated 11.4.2014. Event No 705964, page 4.

27

(28)  Internal note to Landsvirkjun's CEO, dated 4.3.2014, page 10, presented at the company's board meeting on 6.3.2014. Event No 711544.

28

(29)  See also an internal memorandum regarding the draft 2012 Power Contract, dated 23.5.2012 presented at Landsvirkjun's board meeting 25.5.2012. Event No 711538.

29

(30)  Event No 711544, Attachment 8, page 28 and 31. Estimated NPV is in the range USD [...] to [...] million.

30

(31)  Internal note from risk management division of Landsvirkjun on the Power Contract, pages 2 and 8, dated 4.3.2014, presented at a board meeting on 6.3.2014. Events Nos 711532 and 711544.

31

(32)  Event No 705964, page 10.

32

(33)  Table 1 in Annex 1 to the Transmission Agreement. Event No 726156.

33

(34)  Minutes from Landsvirkjun's board meeting 21.2.2014, item 8. Event 705964, Attachment 3.

34

(35)  Event No 705964, page 4.

35

(36)  Event No 705964, page 9.

36

(37)  According to information provided on 19.6.2014 by Landsvirkjun. Event No 711527. Already accrued costs in preparing the harnessing at the Þeistareykir site since 1999 were USD [...]million, according to internal Landsvirkjun documents from March 2014.

37

(38)  Event No 711527, page 2.

38

(39)  Event No 705964.

39

(40)  See letter received 20.10.2014, page 4. Event No 726154.

40

(41)  Event No 705962.

41

(42)  Event No 726154.

42

(43)  Op. cit.

43

(44)  Op. cit.

44

(45)  Available at http://landsnet.is/english/transmissionandmarket/transmissiontariff/tariff/

45

(46)  The Grid Code is signed on behalf of the Minister of Industry and Commerce. Available at http://landsnet.is/library/Skrar/Raforkukerfid/Netmali/B9_English_á%20vef%20-%20Copy%20(1).pdf Available at http://landsnet.is/english/transmissionandmarket/gridcode/

46

(47)  See breakdown in paragraph 113 below.

47

(48)  Event No 705821.

48

(49)  Event No 705962.

49

(50)  The Icelandic authorities have referred to Decisions Nos 391/11/COL and 392/11/COL in this regard. Event No 705821.

50

(51)  Event No 705962.

51

(52)  Op. cit.

52

(53)  According to settled case-law, classification as aid requires that all the conditions set out in the provision should be fulfilled, see Case C-142/87 Belgium v. Commission (‘Tubemeuse’) [1990] ECR I-959.

53

Belgium v. Commission (‘Tubemeuse’)

(54)  Case C-482/99 France v Commission (Stardust Marine) [2002] ECR I-4397, paragraphs 50-59.

54

France v Commission (Stardust Marine)

(55)  Op. cit., paragraph 57.

55

(56)  Case C-482/99 France v Commission (Stardust Marine), cited above, paragraph 52.

56

France v Commission (Stardust Marine)

(57)  Op. cit., paragraph 53.

57

(58)  See Opinion of Advocate General Jacobs, Case C-482/99 France v Commission (Stardust Marine) cited above, paragraph 67.

58

France v Commission (Stardust Marine)

(59)  Case C-482/99 France v Commission (Stardust Marine), cited above, paragraph 56.

59

France v Commission (Stardust Marine)

(60)  The Authority concluded on this in its Decisions Nos 391/11/COL and 392/11/COL. Cf. Opening speech of the minister of Industry and Commerce at the time, at the International Aluminium and Power Conference, on 4.3.2004, available at http://www.atvinnuvegaraduneyti.is/radherra/raedurVS/nr/364: ‘For now over 40 years it has been the policy of all governments to promote the utilisation of the country's clean and renewable hydro and geothermal energy resources for sustainable power development. [...] By promoting the utilisation of these resources, we are diversifying the industrial activity and economy and improving the living standard of the people. We further aim to expand merchandise exports and stimulate foreign investments, such as in the primary aluminum industry. Intensive energy marketing efforts initiated by the Ministry for Industry and Commerce, particularly in the last 15 years, have brought about large investments in the power and energy intensive industry, which gradually have put Iceland on the world map as a serious alternative location for light metal production’.

60

‘For now over 40 years it has been the policy of all governments to promote the utilisation of the country's clean and renewable hydro and geothermal energy resources for sustainable power development. [...] By promoting the utilisation of these resources, we are diversifying the industrial activity and economy and improving the living standard of the people. We further aim to expand merchandise exports and stimulate foreign investments, such as in the primary aluminum industry. Intensive energy marketing efforts initiated by the Ministry for Industry and Commerce, particularly in the last 15 years, have brought about large investments in the power and energy intensive industry, which gradually have put Iceland on the world map as a serious alternative location for light metal production’

(61)  See the Opening speech of the current Minister of Industry and Commerce, at Landsvirkjun's autumn conference on 13.11.2013, in the Authority's translation: ‘I know that many of these investment projects will be, and some are already, on Landsvirkjun's desk. In the light of what I said earlier about the urgent need for increased investment I must admit that I am anxious to see the projects materialize [...] Recently the State entered into an investment agreement with the German company PCC on a silicon metal plant at Bakki, Húsavík. The PCC has been in discussions with Landsvirkjun on the purchase of power and a contract has been signed with conditions. The project is already advanced and it will have a huge impact on the society in the Northeast in terms of job creation and the more general positive economic impact. It is therefore important that a power contract will be concluded quickly and efficiently, and that it will be an onset for the future’, available in Icelandic at http://www.atvinnuvegaraduneyti.is/radherra/raedur-og-greinar-REA/nr/7883: ‘Ég veit að mörg þessara fjárfestingaverkefna rata inn á borð Landsvirkjunar og sum eru þar til umfjöllunar. Í ljósi þess sem hér var sagt um brýna nauðsyn aukinnar fjárfestingar verð ég að viðurkenna að ég er orðin óþreyjufull og vil fara að sjá árangur og að verkefnin verði að veruleika [...] Nýlega var gerður fjárfestingasamingur við þýska fyrirtækið PCC um kísilver á Bakka við Húsavík. PCC hefur átt í viðræðum við Landsvirkjun um orkukaup og undirritað raforkusamning með fyrirvörum. Verkefnið er vel á veg komið og mun skipta samfélagið á NA-landi miklu hvað atvinnuuppbyggingu varðar, sem og að hafa almennt jákvæð efnahagsleg áhrif. Mikilvægt er því að frágangur raforkusamnings gangi hratt og vel, og verði upptaktur að því sem koma skal.’

61

‘I know that many of these investment projects will be, and some are already, on Landsvirkjun's desk. In the light of what I said earlier about the urgent need for increased investment I must admit that I am anxious to see the projects materialize [...] Recently the State entered into an investment agreement with the German company PCC on a silicon metal plant at Bakki, Húsavík. The PCC has been in discussions with Landsvirkjun on the purchase of power and a contract has been signed with conditions. The project is already advanced and it will have a huge impact on the society in the Northeast in terms of job creation and the more general positive economic impact. It is therefore important that a power contract will be concluded quickly and efficiently, and that it will be an onset for the future’

‘Ég veit að mörg þessara fjárfestingaverkefna rata inn á borð Landsvirkjunar og sum eru þar til umfjöllunar. Í ljósi þess sem hér var sagt um brýna nauðsyn aukinnar fjárfestingar verð ég að viðurkenna að ég er orðin óþreyjufull og vil fara að sjá árangur og að verkefnin verði að veruleika [...] Nýlega var gerður fjárfestingasamingur við þýska fyrirtækið PCC um kísilver á Bakka við Húsavík. PCC hefur átt í viðræðum við Landsvirkjun um orkukaup og undirritað raforkusamning með fyrirvörum. Verkefnið er vel á veg komið og mun skipta samfélagið á NA-landi miklu hvað atvinnuuppbyggingu varðar, sem og að hafa almennt jákvæð efnahagsleg áhrif. Mikilvægt er því að frágangur raforkusamnings gangi hratt og vel, og verði upptaktur að því sem koma skal.’

(62)  See for example discussion in an internal note dated 4.3.2014 from the marketing and business development unit of Landsvirkjun to the CEO, page 10, and the CEO's memorandum dated 4.3.2104, page 2, both documents presented at a board meeting on 6.3.2014 (Event No 711544).

62

(63)  Case 78/76 Steinke & Weinlig v Germany [1977] ECR-595, paragraph 21; Case C-379/98 PreussenElektra [2001] ECR I-2099, paragraph 58.

63

Steinke & Weinlig v Germany

PreussenElektra

(64)  Case 78/76, Steinike & Weinlig, cited above, paragraph 21.

64

Steinike & Weinlig

(65)  Op. cit. paragraph 22.

65

(66)  Case T-139/09, ECLI:EU:T:2012:496, paragraphs 63 and 64.

66

(67)  Case C-206/06 Essent [2008] ECR I-5497. Reference is also made to Case C-262/12 Association Vent de Colère! Fédération nationale, not yet published, ECLI:EU:C:2013:851.

67

Essent

Association Vent de Colère! Fédération nationale,

(68)  An internal memorandum on the transmission system development in the North-East of Iceland in connection with the planned industrial site at Bakki, dated 22.5.2012, page 2, presented at Landsvirkjun's board meeting on 25.5.2012 as Attachment 5. Event No 711538.

68

(69)  However, the Authority understands, from information provided by Landsvirkjun, that it does in fact not pay any System Contribution to Landsnet for connecting the Power Station to the grid. Moreover, no such System Contribution on behalf of Landsvirkjun appears to be taken into account in the profitability calculations provided for the Power Station.

69

(70)  See the Authority's decision No 305/09/COL on power sales agreement entered into by Notodden municipality and Becromal Norway AS.

70

(71)  Case C-39/94, SFEI v La Poste, [2006] ECR I-3547, at paragraph 60.

71

SFEI v La Poste,

(72)  This principle is explained in the Authority's State aid guidelines Part VI: Rules on public service compensation, state ownership of enterprises and aid to public enterprises, Application of state aid provisions to public enterprises in the manufacturing sector. The Authority's State aid guidelines are available at: http://www.eftasurv.int/state-aid/legal-framework/state-aid-guidelines/

72

(73)  Cf. for example Opinion of Advocate General Jacobs, Joined Cases C-278/92, C-279/92 and C-280/92 Spain v the Commission [1994] ECR I-4103, at paragraph 28.

73

Spain v the Commission

(74)  See the Authority's State aid guidelines, Part VI, cited above, paragraph 5(1).

74

(75)  See Case T-366/00 Scott v Commission [2007] ECR II-797, paragraph 134.

75

Scott v Commission

(76)  Op. cit. paragraph 158.

76

(77)  Events Nos 705964 and 711527.

77

(78)  Op. cit.

78

(79)  See for example an internal note dated 4.3.2014 from Landsvirkjun's risk management division to the CEO, presented at a board meeting on 6.3.2014. Event No 711544. See also Events Nos 705964 and 711527.

79

(80)  See for example an internal note dated 4.3.2014 from Landsvirkjun's risk management division to the CEO, presented at a board meeting on 6.3.2014. Event No 711544.

80

(81)  Event No 711527, page 1.

81

(82)  See page 68 of a draft report prepared in May 2009 by Landsvirkjun on its power plants: ‘Helstu heimildir um virkjanir Landsvirkjunar og tengd réttindi’, in the context of the work of a committee appointed by the Prime Minister according to Act No 58/2008. The Authority was provided with this document in the context of Case No 64710 on the use of land and natural resources by electricity companies in Iceland.

82

‘Helstu heimildir um virkjanir Landsvirkjunar og tengd réttindi’

(83)  See Figure 4 above.

83

(84)  Internal memorandum on transmission of electricity from North-East region to South-West region, prepared by Landsvirkjun's development division 27.2.2014, presented at a board meeting on 6.3.2014. Event No 711544.

84

(85)  Event No 705964, page 4.

85

(86)  Incorporated into Annex IV (point (22) to the EEA Agreement by Joint Committee Decision No 146/2005 of 2 December 2005.

86

(87)  See Recital 18 of the Directive.

87

(88)  See ENTSO-E: Overview of transmission tariffs in Europe: Synthesis 2014. June 2014. The main features of charging mechanism in force for first connection to transmission grid are described in Appendix 6: First connection charges.

88

(89)  Event No 726154.

89

(90)  Available at http://www.althingi.is/altext/141/s/fylgiskjol/s1108-f_VII.pdf

90

(91)  The Authority observes that it does not have the information on whether the line will in fact be operated at 132 or 220 kV at the outset, and the extent to which this would affect the Step-down Surcharge or the System Contribution.

91

(92)  According to Article 12a(7) of the Electricity Act, as amended by Act No 19/2011.

92

(93)  The Authority's informal translation. The original text reads as follows: ‘Flutningsfyrirtækinu er heimilt að afhenda raforku til stórnotenda á 66 kV eða lægri spennu enda standi sérstök gjaldtaka undir viðbótarkostnaði.’

93

‘Flutningsfyrirtækinu er heimilt að afhenda raforku til stórnotenda á 66 kV eða lægri spennu enda standi sérstök gjaldtaka undir viðbótarkostnaði.’

(94)  Event No 726154, page 8.

94

(95)  See formula in subsection I.2.3.6.2 of this Decision.

95

(96)  Event No 726154, page 8.

96

(97)  Event No 726154, page 8.

97

(98)  Event No 726154.

98

(99)  Op. cit., page 7. The Icelandic authorities have not provided information as to the breakdown of the asset base between the energy-intensive part and the DSO part.

99

(100)  Event No 726154.

100

(101)  Event No 726154.

101

(102)  Op. cit. See also subsection I.2.3.6 in this Decision.

102

(103)  See news-clip from the National Broadcaster: http://www.ruv.is/frett/landsnet-semur-vid-pcc

103

(104)  Event No 726154.

104

(105)  Internal memorandum on the development of the transmission system in the North-East of Iceland in relation to the planned industrial site at Bakki, dated 22.5.2012, page 2, presented at Landsvirkjun's board meeting 25.5.2012. Event No 711538.

105

(106)  Op. cit.

106

(107)  Op. cit.

107

(108)  Event No 726154.

108

(109)  See also paragraph 126 above and footnote 103.

109

(110)  Case C-372/97 Italy v Commission [2004] ECR I-3679, paragraph 44; Case C-66/02 Italy v Commission [2005] ECR I-10901, paragraph 111; Case C-148/04 Unicredito Italiano [2005] ECR I-11137, paragraph 54; and Joined Cases C-197/11 and C-203/11 Libert, ECLI:EU:C:2013:288, paragraph 76.

110

Italy v Commission

Italy v Commission

Unicredito Italiano

Libert

(111)  See for instance cases C-310/99 Italian Republic v Commission [2002] ECR I-2289, paragraph 84, and T-55/99 Confederación Española de Transporte de Mercanias (CETM) [2000] ECR II-03207, paragraph 86; and Joined Cases C-197 and C-203/11, Libert, cited above, paragraph 77.

111

Italian Republic v Commission

Confederación Española de Transporte de Mercanias

Libert

(112)  Case C-66/02 Italy v Commission, cited above, paragraphs 115 and 117: Case C-148/04 Unicredito Italiano, cited above, paragraphs 56 and 58; and Joined Cases C-197 and C-203/11, Libert, cited above, paragraph 78.

112

Italy v Commission

Unicredito Italiano

Libert

(113)  Case C-156/98 Germany v Commission [2000] ECR I-6857, paragraphs 30-31; Case T-459/93 Siemens SA v Commission [1995] ECR II-1675, paragraph 48; and Case T-396/08 Freistaat Sachsen und Land Sachsen-Anhalt v Commission [2010] ECR II-141, paragraphs 46 to 48.

113

Germany v Commission

Siemens SA v Commission

Freistaat Sachsen und Land Sachsen-Anhalt v Commission

---

V Nuomonės

ADMINISTRACINĖS PROCEDŪROS

Europos personalo atrankos tarnyba (EPSO)

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/30 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/30

---

PRANEŠIMAS APIE VIEŠĄJĮ KONKURSĄ

(2015/C 92/04)

Europos personalo atrankos tarnyba (EPSO) rengia viešąjį konkursą

EPSO/AD/301/15 – ADMINISTRATORIAI (AD 5)

Pranešimas apie konkursą bus paskelbtas 24 kalbomis
  2015 m. kovo 19 d. Oficialiajame leidinyje C 92 A
  .

Daugiau informacijos galima rasti EPSO svetainėje http://blogs.ec.europa.eu/eu-careers.info/

---

TEISINĖS PROCEDŪROS

ELPA Teismas

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/31 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/31

---

TEISMO SPRENDIMAS

2014 m. rugpjūčio 28 d.

byloje E-25/13

Gunnar V. Engilbertsson prieš Íslandsbanki hf.

(Priežiūros institucijos ir Teismo susitarimo 34 straipsnis – Apeliacija dėl prašymo dėl patariamosios nuomonės – Hipotekos paskolų indeksavimas – Direktyva 87/102/EEB – Direktyva 93/13/EEB – Veiksmingumo ir lygiavertiškumo principai)

(2015/C 92/05)

Byloje E-25/13, Gunnar V. Engilbertsson prieš Íslandsbanki hf. – Reikjaviko apygardos teismo (Héraðsdómur Reykjavíkur) PRAŠYMAS Teismui pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 34 straipsnį dėl 1993 m. balandžio 5 d. Direktyvos 93/13/EEB dėl nesąžiningų sąlygų sutartyse su vartotojais aiškinimo, Teismas, kurį sudaro pirmininkas ir teisėjas pranešėjas Carlas Baudenbacheris ir teisėjai Peras Christiansenas ir Pállis Hreinssonas, 2014 m. rugpjūčio 28 d. priėmė sprendimą, kurio rezoliucinė dalis yra tokia:

| 1. | Direktyva 93/13/EEB tiekėjo ir vartotojo sutartyse apskritai nedraudžiama taikyti sutarties sąlygų dėl hipotekos paskolų indeksavimo. Prašymą priimti prejudicinį sprendimą pateikęs teismas turi įvertinti, ar nagrinėjama sąlyga yra nesąžininga. Vertinant turi būti atsižvelgiama į tai, kaip Teismas aiškina sąvoką „nesąžininga sąlyga“. |
| --- | --- |

1.

Direktyva 93/13/EEB tiekėjo ir vartotojo sutartyse apskritai nedraudžiama taikyti sutarties sąlygų dėl hipotekos paskolų indeksavimo. Prašymą priimti prejudicinį sprendimą pateikęs teismas turi įvertinti, ar nagrinėjama sąlyga yra nesąžininga. Vertinant turi būti atsižvelgiama į tai, kaip Teismas aiškina sąvoką „nesąžininga sąlyga“.

| 2. | Direktyva 93/13/EEB neapribojama EEE valstybės teisė savo nuožiūra teisės aktais arba administracinio reglamentavimo priemonėmis nustatyti veiksnius, dėl kurių gali pasikeisti iš anksto nustatytas indeksas, kaip antai Islandijos vartotojų kainų indeksas, ir šių pokyčių įvertinimo metodus, su sąlyga, kad jie yra aiškiai apibūdinti sutartyje. |
| --- | --- |

2.

Direktyva 93/13/EEB neapribojama EEE valstybės teisė savo nuožiūra teisės aktais arba administracinio reglamentavimo priemonėmis nustatyti veiksnius, dėl kurių gali pasikeisti iš anksto nustatytas indeksas, kaip antai Islandijos vartotojų kainų indeksas, ir šių pokyčių įvertinimo metodus, su sąlyga, kad jie yra aiškiai apibūdinti sutartyje.

| 3. | Kompetentingas nacionalinis teismas turi nustatyti, ar konkreti sutarties sąlyga buvo suderėta atskirai, kaip apibrėžta Direktyvos 93/13/EEB 3 straipsnyje. |
| --- | --- |

3.

Kompetentingas nacionalinis teismas turi nustatyti, ar konkreti sutarties sąlyga buvo suderėta atskirai, kaip apibrėžta Direktyvos 93/13/EEB 3 straipsnyje.

| 4. | Kompetentingas nacionalinis teismas turi nustatyti, ar turi būti laikoma, kad su paskolos, skirtos finansuoti nekilnojamojo turto pirkimą, grąžinimo įmokų indeksavimu susijusi sutarties sąlyga buvo aiškiai ir suprantamai apibūdinta vartotojui. Atliekant tokį vertinimą turi būti atsižvelgiama į susijusių sutarties sąlygų tikslią formuluotę ir į visas kitas susijusias aplinkybes, įskaitant aplinkybes, nustatytas nacionalinio teismo trečio klausimo a ir b punktuose, taip pat į nacionalinės teisės aktus dėl kainų indeksavimo. |
| --- | --- |

4.

Kompetentingas nacionalinis teismas turi nustatyti, ar turi būti laikoma, kad su paskolos, skirtos finansuoti nekilnojamojo turto pirkimą, grąžinimo įmokų indeksavimu susijusi sutarties sąlyga buvo aiškiai ir suprantamai apibūdinta vartotojui. Atliekant tokį vertinimą turi būti atsižvelgiama į susijusių sutarties sąlygų tikslią formuluotę ir į visas kitas susijusias aplinkybes, įskaitant aplinkybes, nustatytas nacionalinio teismo trečio klausimo a ir b punktuose, taip pat į nacionalinės teisės aktus dėl kainų indeksavimo.

| 5. | Direktyvos 93/13/EEB 6 straipsnio 1 dalis turi būti aiškinta taip, kad reikštų, jog tais atvejais, kai nacionalinis teismas mano, kad atitinkama sąlyga yra nesąžininga, kaip nurodyta direktyvoje, jis privalo užtikrinti, kad tokia sąlyga nebūtų privaloma vartotojui, su sąlyga, kad nesant nesąžiningos sąlygos sutartis gali galioti toliau, jei pagal nacionalinės teisės normas toks tolesnis sutarties galiojimas yra teisiškai įmanomas. |
| --- | --- |

5.

Direktyvos 93/13/EEB 6 straipsnio 1 dalis turi būti aiškinta taip, kad reikštų, jog tais atvejais, kai nacionalinis teismas mano, kad atitinkama sąlyga yra nesąžininga, kaip nurodyta direktyvoje, jis privalo užtikrinti, kad tokia sąlyga nebūtų privaloma vartotojui, su sąlyga, kad nesant nesąžiningos sąlygos sutartis gali galioti toliau, jei pagal nacionalinės teisės normas toks tolesnis sutarties galiojimas yra teisiškai įmanomas.

---

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/32 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/32

---

TEISMO SPRENDIMAS

2014 m. rugpjūčio 29 d.

byloje E-24/13

Casino Admiral AG prieš Wolfgang Egger

(Įsisteigimo laisvė – Laisvė teikti paslaugas – Pareiga užtikrinti skaidrumą – Lygiavertiškumo ir veiksmingumo principai)

(2015/C 92/06)

Byloje E-24/13 Casino Admiral AG prieš Wolfgang Egger – Lichtenšteino Kunigaikštystės Valstybės Teismo (Staatsgerichtshof des Fürstentums Liechtenstein) PRAŠYMAS Teismui pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 34 straipsnį išaiškinti EEE susitarimo 31 bei 36 straipsnius ir iš jų kylantį reikalavimą užtikrinti skaidrumą suteikiant lošimo namų veiklos koncesiją, – Teismas, kurį sudaro pirmininkas Carlas Baudenbacheris ir teisėjai Peras Christiansenas bei Pállis Hreinssonas (teisėjas pranešėjas), 2014 m. rugpjūčio 29 d. priėmė sprendimą, kurio rezoliucinė dalis yra tokia:

| 1. | Nesant konkrečių nuostatų, tais atvejais, kai nacionalinės valdžios institucijos suteikia paslaugų koncesijas, joms tebėra privalomos pagrindinės EEE teisės normos. Tai neužkerta kelio nacionalinei valdžios institucijai nustatyti koncesijos suteikimo kriterijų santykinius koeficientus, tačiau ji vis tiek privalo laikytis pareigos užtikrinti skaidrumą. Ši pareiga reiškia, kad santykinis koeficientas negali pakeisti pirminių koncesijos suteikimo kriterijų, būti tokio pobūdžio, kad galėtų daryti ypač didelį poveikį konkursinių pasiūlymų rengimui, arba vieno iš konkurso dalyvių atžvilgiu galėtų sukelti diskriminaciją. |
| --- | --- |

1.

Nesant konkrečių nuostatų, tais atvejais, kai nacionalinės valdžios institucijos suteikia paslaugų koncesijas, joms tebėra privalomos pagrindinės EEE teisės normos. Tai neužkerta kelio nacionalinei valdžios institucijai nustatyti koncesijos suteikimo kriterijų santykinius koeficientus, tačiau ji vis tiek privalo laikytis pareigos užtikrinti skaidrumą. Ši pareiga reiškia, kad santykinis koeficientas negali pakeisti pirminių koncesijos suteikimo kriterijų, būti tokio pobūdžio, kad galėtų daryti ypač didelį poveikį konkursinių pasiūlymų rengimui, arba vieno iš konkurso dalyvių atžvilgiu galėtų sukelti diskriminaciją.

| 2. | Pareiga užtikrinti skaidrumą nebūtinai reiškia reikalavimą kiekvienu su paslaugų koncesijos suteikimu susijusiu atveju, kai ta pareiga pažeista, nacionalinės valdžios institucijoms nutraukti sutartį arba nacionaliniams teismams panaikinti sprendimą suteikti koncesiją. Tačiau vertindamas nagrinėjamos bylos aplinkybes nacionalinis teismas privalo išnagrinėti klausimą dėl galimų taisomųjų priemonių, kuriomis užtikrinama, kad būtų pašalintas EEE susitarimo 31 ir 36 straipsniams priešingas poveikis ir suteikiant koncesijas būtų tinkamai atsižvelgta į gero administravimo viešojo intereso tikslą, kad koncesijos nebūtų suteikiamos nei savavališkai, nei diskriminuojant. Nesant EEE normų dėl taisomųjų priemonių, asmenų teisių, kylančių iš to reikalavimo, apsaugos teisinę tvarką turi reglamentuoti nacionalinė teisinė sistema tokiu būdu, kad ta tvarka būtų ne mažiau palanki nei lygiavertė nacionalinė tvarka ir naudotis šiomis teisėmis praktiškai netaptų neįmanoma arba pernelyg sudėtinga. |
| --- | --- |

2.

Pareiga užtikrinti skaidrumą nebūtinai reiškia reikalavimą kiekvienu su paslaugų koncesijos suteikimu susijusiu atveju, kai ta pareiga pažeista, nacionalinės valdžios institucijoms nutraukti sutartį arba nacionaliniams teismams panaikinti sprendimą suteikti koncesiją. Tačiau vertindamas nagrinėjamos bylos aplinkybes nacionalinis teismas privalo išnagrinėti klausimą dėl galimų taisomųjų priemonių, kuriomis užtikrinama, kad būtų pašalintas EEE susitarimo 31 ir 36 straipsniams priešingas poveikis ir suteikiant koncesijas būtų tinkamai atsižvelgta į gero administravimo viešojo intereso tikslą, kad koncesijos nebūtų suteikiamos nei savavališkai, nei diskriminuojant. Nesant EEE normų dėl taisomųjų priemonių, asmenų teisių, kylančių iš to reikalavimo, apsaugos teisinę tvarką turi reglamentuoti nacionalinė teisinė sistema tokiu būdu, kad ta tvarka būtų ne mažiau palanki nei lygiavertė nacionalinė tvarka ir naudotis šiomis teisėmis praktiškai netaptų neįmanoma arba pernelyg sudėtinga.

---

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/33 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/33

---

TEISMO SPRENDIMAS

2013 m. gruodžio 16 d.

byloje E-7/13

Creditinfo Lánstraust hf. prieš Islandijos registrų centrą ir Islandijos valstybę

(Direktyva 2003/98/EB dėl viešojo sektoriaus informacijos pakartotinio naudojimo – Apmokestinimą reglamentuojantys principai – Skaidrumas – Sąnaudų samprata – Savarankiško finansavimo reikalavimai)

(2015/C 92/07)

Byloje E-7/13 Creditinfo Lánstraust hf. prieš Islandijos registrų centrą ir Islandijos valstybę – Reikjaviko apylinkės teismo (Héraðsdómur Reykjavíkur) PRAŠYMAS Teismui pagal ELPA valstybių susitarimo dėl Priežiūros institucijos ir Teisingumo Teismo įsteigimo 34 straipsnį išaiškinti 2003 m. lapkričio 17 d. Europos Parlamento ir Tarybos direktyvą 2003/98/EB dėl viešojo sektoriaus informacijos pakartotinio naudojimo – Teismas, kurį sudaro pirmininkas Carlas Baudenbacheris ir teisėjai Peras Christiansenas (teisėjas pranešėjas) bei Pállis Hreinssonas, 2013 m. gruodžio 16 d. priėmė sprendimą, kurio rezoliucinė dalis yra tokia:

| 1. | Direktyvos 2003/98/EB 6 ir 7 straipsniuose įtvirtintas reikalavimas, kad tais atvejais, kai už viešojo sektoriaus informacijos pakartotinį naudojimą renkamas mokestis, nustatant mokestį turi būti atliktas išsamus tyrimas. Iš tyrimo rezultatų turi būti akivaizdu, jog bendros pajamos, gautos iš tokių mokesčių, neviršija dokumentų rinkimo, rengimo, dauginimo ir platinimo sąnaudų kartu su pagrįsta investicijų grąža. Jei konkretūs apskaičiavimui reikšmingi veiksniai yra nežinomi, turi būti atlikti bent apytikriai skaičiavimai. Tačiau nurodyti mokesčio apskaičiavimo pagrindą reikia tik esant prašymui. Tai taikoma neatsižvelgiant į tai, ar mokestis nustatytas teisės aktuose, atitinkamos viešosios valdžios institucijos ar kitais būdais. |
| --- | --- |

1.

Direktyvos 2003/98/EB 6 ir 7 straipsniuose įtvirtintas reikalavimas, kad tais atvejais, kai už viešojo sektoriaus informacijos pakartotinį naudojimą renkamas mokestis, nustatant mokestį turi būti atliktas išsamus tyrimas. Iš tyrimo rezultatų turi būti akivaizdu, jog bendros pajamos, gautos iš tokių mokesčių, neviršija dokumentų rinkimo, rengimo, dauginimo ir platinimo sąnaudų kartu su pagrįsta investicijų grąža. Jei konkretūs apskaičiavimui reikšmingi veiksniai yra nežinomi, turi būti atlikti bent apytikriai skaičiavimai. Tačiau nurodyti mokesčio apskaičiavimo pagrindą reikia tik esant prašymui. Tai taikoma neatsižvelgiant į tai, ar mokestis nustatytas teisės aktuose, atitinkamos viešosios valdžios institucijos ar kitais būdais.

| 2. | Apskaičiuojant sąnaudas pagal Direktyvos 6 straipsnį, galima atsižvelgti į viešojo sektoriaus institucijos patirtas sąnaudas, susijusias su pradiniu atitinkamų dokumentų rinkimu ir rengimu. Tokiu atveju taip pat turi būti atsižvelgta į bet kokias iš to gautas pajamas, pavyzdžiui, tokias rinkliavas ar mokesčius, kaip žyminis mokestis, kuriais tos sąnaudos sumažinamos arba padengiamos. |
| --- | --- |

2.

Apskaičiuojant sąnaudas pagal Direktyvos 6 straipsnį, galima atsižvelgti į viešojo sektoriaus institucijos patirtas sąnaudas, susijusias su pradiniu atitinkamų dokumentų rinkimu ir rengimu. Tokiu atveju taip pat turi būti atsižvelgta į bet kokias iš to gautas pajamas, pavyzdžiui, tokias rinkliavas ar mokesčius, kaip žyminis mokestis, kuriais tos sąnaudos sumažinamos arba padengiamos.

| 3. | Apskaičiuojant sąnaudas pagal Direktyvos 6 straipsnį galima atsižvelgti į viešojo sektoriaus institucijų savarankiško finansavimo reikalavimus. Tai taikoma ta apimtimi, kiek atsižvelgiama tik į tuos 6 straipsnyje išdėstytus sąnaudų elementus, kurie yra susiję su pakartotiniam naudojimui reikalingu dokumentų tvarkymu, kartu su pagrįsta investicijų grąža. |
| --- | --- |

3.

Apskaičiuojant sąnaudas pagal Direktyvos 6 straipsnį galima atsižvelgti į viešojo sektoriaus institucijų savarankiško finansavimo reikalavimus. Tai taikoma ta apimtimi, kiek atsižvelgiama tik į tuos 6 straipsnyje išdėstytus sąnaudų elementus, kurie yra susiję su pakartotiniam naudojimui reikalingu dokumentų tvarkymu, kartu su pagrįsta investicijų grąža.

---

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/34 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/34

---

TEISMO SPRENDIMAS

2014 m. rugpjūčio 29 d.

byloje E-8/13

Abelia prieš ELPA priežiūros instituciją

(Ieškinys dėl ELPA priežiūros institucijos sprendimo panaikinimo – Tinkamas atstovavimas teisme – Valstybės pagalba – Tariama pagalba, suteikta nuomotojams, nuomojantiems patalpas valstybinėms mokykloms – Sprendimas nepradėti oficialios tyrimo procedūros – Teisėtas interesas – Buvimo suinteresuotąja šalimi statusas – Konkurencinis ryšys)

(2015/C 92/08)

Byloje E-8/13 „Abelia“, palaikoma „Akademiet Bergen AS“, „Akademiet Drammen AS“, „Akademiet Sandnes AS“, „Akademiet Oslo AS“, „Akademiet VGS Molde AS“ ir „Akademiet VGS Ålesund AS“, prieš ELPA priežiūros instituciją – PRAŠYMAS panaikinti ELPA priežiūros institucijos 2013 m. balandžio 24 d. sprendimą Nr. 160/13/COL dėl tariamos pagalbos, suteiktos nuomotojams, nuomojantiems patalpas valstybinėms mokykloms, Teismas, kurį sudaro pirmininkas Carlas Baudenbacheris ir teisėjai Peras Christiansenas ir Pállis Hreinssonas (teisėjas pranešėjas), 2014 m. rugpjūčio 29 d. priėmė sprendimą, kurio rezoliucinė dalis yra tokia:

Teismas:

| 1. | Atmeta prašymą kaip nepriimtiną. |
| --- | --- |

1.

Atmeta prašymą kaip nepriimtiną.

| 2. | Nurodo ieškovui padengti atsakovo patirtas išlaidas. |
| --- | --- |

2.

Nurodo ieškovui padengti atsakovo patirtas išlaidas.

---

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/35 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/35

---

2015 m. sausio 21 d. ELPA priežiūros institucijos ieškinys Islandijai

(Byla E-1/15)

(2015/C 92/09)

ELPA priežiūros institucija, kuriai atstovauja Xavieras Lewisas ir Øyvindas Bø, atliekantys ELPA priežiūros institucijos (Rue Belliard 35, 1040 Briuselis, Belgija) įgaliotinių funkcijas, 2015 m. sausio 21 d. ELPA Teisme pareiškė ieškinį Islandijai.

ELPA priežiūros institucija prašo ELPA Teismo:

| 1. | Pripažinti, kad per nustatytą terminą nepriėmusi priemonių, reikalingų Europos ekonominės erdvės susitarimo II priedo XXIV skyriaus 1a punkto septintoje įtraukoje nurodytam teisės aktui (2010 m. kovo 31 d. Komisijos direktyva 2010/26/ES, kuria iš dalies keičiama Europos Parlamento ir Tarybos direktyva 97/68/EB dėl valstybių narių įstatymų, susijusių su priemonėmis, mažinančiomis vidaus degimo variklių, įrengiamų ne kelių mobiliosiose mašinose, dujinių ir kietųjų dalelių teršalų kiekį, suderinimo), suderintam su Susitarimu prie jo pridėtu 1 protokolu, įgyvendinti, ir (arba) apie jas iškart nepranešusi ELPA priežiūros institucijai, Islandija neįvykdė įsipareigojimų pagal minėto teisės akto 3 straipsnį ir Susitarimo 7 straipsnį. |
| --- | --- |

1.

Pripažinti, kad per nustatytą terminą nepriėmusi priemonių, reikalingų Europos ekonominės erdvės susitarimo II priedo XXIV skyriaus 1a punkto septintoje įtraukoje nurodytam teisės aktui (2010 m. kovo 31 d. Komisijos direktyva 2010/26/ES, kuria iš dalies keičiama Europos Parlamento ir Tarybos direktyva 97/68/EB dėl valstybių narių įstatymų, susijusių su priemonėmis, mažinančiomis vidaus degimo variklių, įrengiamų ne kelių mobiliosiose mašinose, dujinių ir kietųjų dalelių teršalų kiekį, suderinimo), suderintam su Susitarimu prie jo pridėtu 1 protokolu, įgyvendinti, ir (arba) apie jas iškart nepranešusi ELPA priežiūros institucijai, Islandija neįvykdė įsipareigojimų pagal minėto teisės akto 3 straipsnį ir Susitarimo 7 straipsnį.

| 2. | Nurodyti Islandijai padengti bylinėjimosi išlaidas. |
| --- | --- |

2.

Nurodyti Islandijai padengti bylinėjimosi išlaidas.

Teisinės bei faktinės aplinkybės ir pagrindai, kuriais grindžiamas ieškinys:

| — | Ieškinyje nurodoma, kad iki 2014 m. vasario 18 d. Islandija neatsižvelgė į 2013 m. gruodžio 18 d. ELPA priežiūros institucijos pagrįstą nuomonę dėl to, kad ta valstybė neperkėlė į savo nacionalinę teisinę sistemą Europos ekonominės erdvės susitarimo II priedo XXIV skyriaus 1a punkto septintoje įtraukoje nurodyto teisės akto, t. y. 2010 m. kovo 31 d. Komisijos direktyvos 2010/26/ES, kuria iš dalies keičiama Europos Parlamento ir Tarybos direktyva 97/68/EB dėl valstybių narių įstatymų, susijusių su priemonėmis, mažinančiomis vidaus degimo variklių, įrengiamų ne kelių mobiliosiose mašinose, dujinių ir kietųjų dalelių teršalų kiekį, suderinimo (toliau – teisės aktas), suderinto su Susitarimu prie jo pridėtu 1 protokolu. |
| --- | --- |

—

Ieškinyje nurodoma, kad iki 2014 m. vasario 18 d. Islandija neatsižvelgė į 2013 m. gruodžio 18 d. ELPA priežiūros institucijos pagrįstą nuomonę dėl to, kad ta valstybė neperkėlė į savo nacionalinę teisinę sistemą Europos ekonominės erdvės susitarimo II priedo XXIV skyriaus 1a punkto septintoje įtraukoje nurodyto teisės akto, t. y. 2010 m. kovo 31 d. Komisijos direktyvos 2010/26/ES, kuria iš dalies keičiama Europos Parlamento ir Tarybos direktyva 97/68/EB dėl valstybių narių įstatymų, susijusių su priemonėmis, mažinančiomis vidaus degimo variklių, įrengiamų ne kelių mobiliosiose mašinose, dujinių ir kietųjų dalelių teršalų kiekį, suderinimo (toliau – teisės aktas), suderinto su Susitarimu prie jo pridėtu 1 protokolu.

| — | ELPA priežiūros institucija pareiškia, kad per nustatytą terminą nepriėmusi priemonių, reikalingų teisės aktui įgyvendinti, ir (arba) apie jas nepranešusi ELPA priežiūros institucijai, Islandija neįvykdė įsipareigojimų pagal minėto teisės akto 3 straipsnį ir EEE susitarimo 7 straipsnį. |
| --- | --- |

—

ELPA priežiūros institucija pareiškia, kad per nustatytą terminą nepriėmusi priemonių, reikalingų teisės aktui įgyvendinti, ir (arba) apie jas nepranešusi ELPA priežiūros institucijai, Islandija neįvykdė įsipareigojimų pagal minėto teisės akto 3 straipsnį ir EEE susitarimo 7 straipsnį.

---

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/36 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/36

---

2015 m. sausio 21 d. ELPA priežiūros institucijos ieškinys Islandijai

(Byla E-2/15)

(2015/C 92/10)

ELPA priežiūros institucija, kuriai atstovauja Xavieras Lewisas ir Janne Tysnes Kaasin, atliekantys ELPA priežiūros institucijos (Rue Belliard 35, 1040 Briuselis, Belgija) įgaliotinių funkcijas, 2015 m. sausio 21 d. ELPA Teisme pareiškė ieškinį Islandijai.

ELPA priežiūros institucija prašo ELPA Teismo:

| 1. | Pripažinti, kad per nustatytą terminą nepriėmusi priemonių, reikalingų Europos ekonominės erdvės susitarimo XIII priedo 66he punkte nurodytam teisės aktui (2013 m. vasario 4 d. Komisijos įgyvendinimo reglamentas (ES) Nr. 104/2013, kuriuo dėl keleivių ir kitų nei keleiviai asmenų tikrinimo mažo kiekio sprogstamųjų medžiagų ieškikliu kartu su rankiniu metalo detektoriumi iš dalies keičiamas Reglamentas (ES) Nr. 185/2010), suderintam su Susitarimu prie jo pridėtu 1 protokolu, perkelti į nacionalinę teisinę sistemą, Islandija neįvykdė įsipareigojimų pagal Susitarimo 7 straipsnį. |
| --- | --- |

1.

Pripažinti, kad per nustatytą terminą nepriėmusi priemonių, reikalingų Europos ekonominės erdvės susitarimo XIII priedo 66he punkte nurodytam teisės aktui (2013 m. vasario 4 d. Komisijos įgyvendinimo reglamentas (ES) Nr. 104/2013, kuriuo dėl keleivių ir kitų nei keleiviai asmenų tikrinimo mažo kiekio sprogstamųjų medžiagų ieškikliu kartu su rankiniu metalo detektoriumi iš dalies keičiamas Reglamentas (ES) Nr. 185/2010), suderintam su Susitarimu prie jo pridėtu 1 protokolu, perkelti į nacionalinę teisinę sistemą, Islandija neįvykdė įsipareigojimų pagal Susitarimo 7 straipsnį.

| 2. | Nurodyti Islandijai padengti bylinėjimosi išlaidas. |
| --- | --- |

2.

Nurodyti Islandijai padengti bylinėjimosi išlaidas.

Teisinės bei faktinės aplinkybės ir pagrindai, kuriais grindžiamas ieškinys:

| — | Ieškinyje nurodoma, kad iki 2014 m. rugsėjo 9 d. Islandija neatsižvelgė į 2014 m. liepos 9 d. ELPA priežiūros institucijos pagrįstą nuomonę dėl to, kad ta valstybė neperkėlė į savo nacionalinę teisinę sistemą Europos ekonominės erdvės susitarimo XIII priedo 66he punkte nurodyto teisės akto, t. y. 2013 m. vasario 4 d. Komisijos įgyvendinimo reglamento (ES) Nr. 104/2013, kuriuo dėl keleivių ir kitų nei keleiviai asmenų tikrinimo mažo kiekio sprogstamųjų medžiagų ieškikliu kartu su rankiniu metalo detektoriumi iš dalies keičiamas Reglamentas (ES) Nr. 185/2010 (toliau – teisės aktas), suderinto su Susitarimu prie jo pridėtu 1 protokolu ir XIII priede išdėstytomis sektorinėmis adaptacijomis. |
| --- | --- |

—

Ieškinyje nurodoma, kad iki 2014 m. rugsėjo 9 d. Islandija neatsižvelgė į 2014 m. liepos 9 d. ELPA priežiūros institucijos pagrįstą nuomonę dėl to, kad ta valstybė neperkėlė į savo nacionalinę teisinę sistemą Europos ekonominės erdvės susitarimo XIII priedo 66he punkte nurodyto teisės akto, t. y. 2013 m. vasario 4 d. Komisijos įgyvendinimo reglamento (ES) Nr. 104/2013, kuriuo dėl keleivių ir kitų nei keleiviai asmenų tikrinimo mažo kiekio sprogstamųjų medžiagų ieškikliu kartu su rankiniu metalo detektoriumi iš dalies keičiamas Reglamentas (ES) Nr. 185/2010 (toliau – teisės aktas), suderinto su Susitarimu prie jo pridėtu 1 protokolu ir XIII priede išdėstytomis sektorinėmis adaptacijomis.

| — | ELPA priežiūros institucija pareiškia, kad per nustatytą terminą neperkėlusi teisės akto į savo nacionalinę teisinę sistemą, Islandija neįvykdė įsipareigojimų pagal EEE susitarimo 7 straipsnį. |
| --- | --- |

—

ELPA priežiūros institucija pareiškia, kad per nustatytą terminą neperkėlusi teisės akto į savo nacionalinę teisinę sistemą, Islandija neįvykdė įsipareigojimų pagal EEE susitarimo 7 straipsnį.

---

PROCEDŪROS, SUSIJUSIOS SU KONKURENCIJOS POLITIKOS ĮGYVENDINIMU

Europos Komisija

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/37 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/37

---

Išankstinis pranešimas apie koncentraciją

(Byla M.7507 – Wärtsilä/L-3 MSI)

Bylą numatoma nagrinėti supaprastinta tvarka

(Tekstas svarbus EEE)

(2015/C 92/11)

| 1. | 2015 m. kovo 11 d. pagal Tarybos reglamento (EB) Nr. 139/2004 (1) 4 straipsnį Europos Komisija gavo pranešimą apie siūlomą koncentraciją: įmonė Wärtsilä Corporation (Wärtsilä, Suomija) pirkdama akcijas įgyja, kaip apibrėžta Susijungimų reglamento 3 straipsnio 1 dalies b punkte, visą verslo padalinį L-3 Marine Systems International (L-3 MSI, Suomija). Padalinys L-3 MSI sudarytas iš: L-3 Communications Dynamic Positioning and Control Systems, Inc. (JAV), L-3 G.A. International, Inc. (JAV), Funa International, Inc. (JAV), SAM Electronics GmbH (Vokietija), L-3 Communications ELAC Nautik GmbH (Vokietija), Jovyatlas Euroatlas Gesellschaft für Leistungselektronik GmbH, (Vokietija), L-3 Communications Marine Holdings AS (Norvegija) ir L-3 Communications Valmarine AS (Norvegija). |
| --- | --- |

1.

2015 m. kovo 11 d. pagal Tarybos reglamento (EB) Nr. 139/2004 (1) 4 straipsnį Europos Komisija gavo pranešimą apie siūlomą koncentraciją: įmonė Wärtsilä Corporation (Wärtsilä, Suomija) pirkdama akcijas įgyja, kaip apibrėžta Susijungimų reglamento 3 straipsnio 1 dalies b punkte, visą verslo padalinį L-3 Marine Systems International (L-3 MSI, Suomija). Padalinys L-3 MSI sudarytas iš: L-3 Communications Dynamic Positioning and Control Systems, Inc. (JAV), L-3 G.A. International, Inc. (JAV), Funa International, Inc. (JAV), SAM Electronics GmbH (Vokietija), L-3 Communications ELAC Nautik GmbH (Vokietija), Jovyatlas Euroatlas Gesellschaft für Leistungselektronik GmbH, (Vokietija), L-3 Communications Marine Holdings AS (Norvegija) ir L-3 Communications Valmarine AS (Norvegija).

| 2. | Įmonių verslo veikla:






  — | Wärtsilä tiekia elektros energiją laivų statytojams, savininkams, taip pat laivų ir jūrinių įrenginių naudotojams. Ji prižiūri savo klientų laivų mašinas visais jų gyvavimo ciklais visame pasaulyje, tiekia jėgaines ir teikia decentralizuotos elektros energijos gamybos įrangos naudojimo ir viso jos gyvavimo ciklo priežiūros paslaugas, |
| --- | --- | --- |

2.

Įmonių verslo veikla:

—

Wärtsilä tiekia elektros energiją laivų statytojams, savininkams, taip pat laivų ir jūrinių įrenginių naudotojams. Ji prižiūri savo klientų laivų mašinas visais jų gyvavimo ciklais visame pasaulyje, tiekia jėgaines ir teikia decentralizuotos elektros energijos gamybos įrangos naudojimo ir viso jos gyvavimo ciklo priežiūros paslaugas,

| — | L-3 MSI tiekia sukomplektuotas jūrlaivių elektros sistemas, taip pat integruotas navigacijos, automatikos, ryšio, energijos skirstymo ir varymo sistemas. |
| --- | --- |

—

L-3 MSI tiekia sukomplektuotas jūrlaivių elektros sistemas, taip pat integruotas navigacijos, automatikos, ryšio, energijos skirstymo ir varymo sistemas.

| 3. | Preliminariai išnagrinėjusi pranešimą Europos Komisija mano, kad sandoriui, apie kurį pranešta, galėtų būti taikomas Susijungimų reglamentas. Europos Komisijai paliekama teisė dėl šio klausimo priimti galutinį sprendimą. Pagal Komisijos komunikatą dėl supaprastintos procedūros, taikomos tam tikrų tipų koncentracijai pagal Tarybos reglamentą (EB) Nr. 139/2004 (2), reikėtų pažymėti, kad šią bylą numatoma nagrinėti komunikate nurodyta tvarka. |
| --- | --- |

3.

Preliminariai išnagrinėjusi pranešimą Europos Komisija mano, kad sandoriui, apie kurį pranešta, galėtų būti taikomas Susijungimų reglamentas. Europos Komisijai paliekama teisė dėl šio klausimo priimti galutinį sprendimą. Pagal Komisijos komunikatą dėl supaprastintos procedūros, taikomos tam tikrų tipų koncentracijai pagal Tarybos reglamentą (EB) Nr. 139/2004 (2), reikėtų pažymėti, kad šią bylą numatoma nagrinėti komunikate nurodyta tvarka.

| 4. | Europos Komisija kviečia suinteresuotas trečiąsias šalis teikti pastabas dėl pasiūlyto veiksmo.
  Pastabos Europos Komisijai turi būti pateiktos ne vėliau kaip per 10 dienų nuo šio pranešimo paskelbimo. Pastabas galima siųsti faksu (+32 22964301), el. paštu COMP-MERGER-REGISTRY@ec.europa.eu arba paštu su nuoroda „M.7507 – Wärtsilä/L-3 MSI“ adresu:





  European Commission |
| --- | --- |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

Europos Komisija kviečia suinteresuotas trečiąsias šalis teikti pastabas dėl pasiūlyto veiksmo.

Pastabos Europos Komisijai turi būti pateiktos ne vėliau kaip per 10 dienų nuo šio pranešimo paskelbimo. Pastabas galima siųsti faksu (+32 22964301), el. paštu COMP-MERGER-REGISTRY@ec.europa.eu arba paštu su nuoroda „M.7507 – Wärtsilä/L-3 MSI“ adresu:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OL L 24, 2004 1 29, p. 1 (Susijungimų reglamentas).

(2)  OL C 366, 2013 12 14, p. 5.

---

ADMINISTRACINĖS PROCEDŪROS

Europos Komisija

| 19.3.2015 | LT | Europos Sąjungos oficialusis leidinys | C 92/38 |
| --- | --- | --- | --- |

19.3.2015

LT

Europos Sąjungos oficialusis leidinys

C 92/38

---

Paraiškos paskelbimas pagal Europos Parlamento ir Tarybos reglamento (ES) Nr. 1151/2012 dėl žemės ūkio ir maisto produktų kokybės sistemų 50 straipsnio 2 dalies a punktą

(2015/C 92/12)

Šiuo paskelbimu suteikiama teisė pareikšti prieštaravimą paraiškai pagal Europos Parlamento ir Tarybos reglamento (ES) Nr. 1151/2012 (1) 51 straipsnį.

BENDRASIS DOKUMENTAS

„ARTICHAUT DU ROUSSILLON“

ES Nr. FR-PGI-0005-01172 – 5.11.2013

SGN ( X ) SKVN ( )

1.   Pavadinimas

„Artichaut du Roussillon“

2.   Valstybė narė arba trečioji šalis

Valstybė narė arba trečioji šalis

Prancūzija

3.   Žemės ūkio produkto arba maisto produkto aprašymas

Žemės ūkio produkto arba maisto produkto aprašymas

3.1.   Produkto rūšis

Produkto rūšis

1.6 klasė. Švieži arba perdirbti vaisiai, daržovės ir grūdai

3.2.   Produkto, kurio pavadinimas nurodytas 1 punkte, aprašymas

Produkto, kurio pavadinimas nurodytas 1 punkte, aprašymas

„Artichaut du Roussillon“ artišokas – astrinių (Asteraceae) šeimos Cynara genties dviskilčių augalų rūšies augalas. Jis gali būti šių veislių: Blanc hyérois (taip pat vadinamas Macau), Calico, Pop Vert, Salambo ir Violet VP 45.

Asteraceae

Cynara

Blanc hyérois

Macau

Calico

Pop Vert

Salambo

Violet VP 45

„Artichaut du Roussillon“ parduodamas tik šviežias, jam būdingos šios savybės:

| — | žalia arba violetinė spalva; |
| --- | --- |

—

žalia arba violetinė spalva;

| — | Blanc hyérois, Calico, Pop Vert ir Salambo veislių graižas:






  — | rutulinis, skirtingus jo kalibrus atitinka toks skersmuo:






  — | 9–11 cm skersmuo – 18 kalibro artišokai; |
| --- | --- | --- | --- |

—

Blanc hyérois, Calico, Pop Vert ir Salambo veislių graižas:

Blanc hyérois

Calico

Pop Vert

Salambo

—

rutulinis, skirtingus jo kalibrus atitinka toks skersmuo:

—

9–11 cm skersmuo – 18 kalibro artišokai;

| — | 11–13 cm skersmuo – 15 kalibro artišokai; |
| --- | --- |

—

11–13 cm skersmuo – 15 kalibro artišokai;

| — | didesnis nei 13 cm skersmuo – 12 kalibro artišokai. |
| --- | --- |

—

didesnis nei 13 cm skersmuo – 12 kalibro artišokai.

| — | Violet VP 45 veislės graižas nedidelis, kūgio arba cilindro formos, 3,5–6 cm skersmens. |
| --- | --- |

—

Violet VP 45 veislės graižas nedidelis, kūgio arba cilindro formos, 3,5–6 cm skersmens.

Violet VP 45

| — | viduriniai pažiedžiai tvirtai susiglaudę, dvi pirmosios pažiedžių eilės šiek tiek prasiskleidusios; |
| --- | --- |

—

viduriniai pažiedžiai tvirtai susiglaudę, dvi pirmosios pažiedžių eilės šiek tiek prasiskleidusios;

| — | švelnus skonis; |
| --- | --- |

—

švelnus skonis;

| — | nekieta, tačiau tvirta tekstūra, mažai skaidulų. |
| --- | --- |

—

nekieta, tačiau tvirta tekstūra, mažai skaidulų.

„Artichaut du Roussillon“ būna be defektų, išskyrus labai nedidelius pažiedžių epidermio paviršinius pažeidimus arba šiuos smulkius defektus (su sąlyga, kad jie nedaro poveikio bendrai produkto išvaizdai, jo kokybei, saugojimui ir pateikimui pakuotėje):

| — | nežymūs formos defektai, |
| --- | --- |

—

nežymūs formos defektai,

| — | nežymus gedimas (skilimas), atsiradęs dėl šalčio poveikio, |
| --- | --- |

—

nežymus gedimas (skilimas), atsiradęs dėl šalčio poveikio,

| — | labai nežymios sumušimo žymės. |
| --- | --- |

—

labai nežymios sumušimo žymės.

„Artichaut du Roussillon“ parduodami supakuoti į 40 × 60 cm dydžio dėžutes arba 5 graižų ryšelius (tik Violet VP 45 veislės artišokai).

Violet VP 45

„Artichaut du Roussillon“ stiebeliai turi būti tvarkingai nupjauti ir ne ilgesni nei 10 cm (išskyrus ryšeliais parduodamus artišokus).

„Artichaut du Roussillon“ derlius imamas pavasarį, nuo kovo mėn. Violet VP 45 veislės artišokų derlius nuimamas ir rudenį.

Violet VP 45

3.3.   Pašarai (taikoma tik gyvūniniams produktams) ir žaliavos (taikoma tik perdirbtiems produktams)

Pašarai (taikoma tik gyvūniniams produktams) ir žaliavos (taikoma tik perdirbtiems produktams)

—

3.4.   Specialūs gamybos veiksmai, atliktini nustatytoje geografinėje vietovėje

Specialūs gamybos veiksmai, atliktini nustatytoje geografinėje vietovėje

Artišokai auginami ir derlius nuimamas geografinėje vietovėje.

3.5.   Specialios produkto, kurio pavadinimas nurodytas, pjaustymo, trynimo, pakavimo ir kt. taisyklės

Specialios produkto, kurio pavadinimas nurodytas, pjaustymo, trynimo, pakavimo ir kt. taisyklės

Nuėmus derlių, kiekviena artišokų partija sertifikuojama ir ne ilgiau kaip per 24 valandas (darbo dienomis) po derliaus nuėmimo:

| — | sudedama saugoti į vėsią vietą (4–10 °C temperatūroje); |
| --- | --- |

—

sudedama saugoti į vėsią vietą (4–10 °C temperatūroje);

| — | rūšiuojama, supakuojama ir išsiunčiama. |
| --- | --- |

—

rūšiuojama, supakuojama ir išsiunčiama.

Supakuoti artišokai sudrėkinami, kad geriau išsilaikytų.

Siekiant užtikrinti produkto šviežumą, nuo derliaus nuėmimo iki artišokų išsiuntimo turi praeiti ne daugiau kaip 6 dienos.

Kai „Artichaut du Roussillon“ pakuojami į 40 × 60 cm dėžutes, jos užsandarinamos taip, kad parduodant galutiniam vartotojui atidarytos pakuotės nebūtų įmanoma uždaryti dar kartą.

3.6.   Specialios produkto, kurio pavadinimas nurodytas, ženklinimo etiketėmis taisyklės

Specialios produkto, kurio pavadinimas nurodytas, ženklinimo etiketėmis taisyklės

Ant kiekvienos pakuotės, dėžutės ar vartotojui parduodamo ryšelio nurodomas:

| — | produkto pavadinimas „Artichaut du Roussillon“, |
| --- | --- |

—

produkto pavadinimas „Artichaut du Roussillon“,

| — | Europos Sąjungos SGN logotipas. |
| --- | --- |

—

Europos Sąjungos SGN logotipas.

4.   Glaustas geografinės vietovės apibūdinimas

Glaustas geografinės vietovės apibūdinimas

„Artichaut du Roussillon“ sodinami ir auginami geografinėje vietovėje, kurią sudaro šios Rytų Pirėnų departamento komunos:

Alénya, Argelès-sur-Mer, Bages, Baho, Banyuls-dels-Aspres, Le Barcarès, Bompas, Bouleternère, Brouilla, Cabestany, Canet-en-Roussillon, Canohès, Claira, Corneilla-del-Vercol, Corneilla-la-Rivière, Elne, Ille-sur-Têt, Latour-Bas-Elne, Llupia, Millas, Montescot, Néfiach, Ortaffa, Palau-del-Vidre, Perpignan, Pézilla-la-Rivière, Pia, Pollestres, Ponteilla, Rivesaltes, Saint-André, Saint-Cyprien, Saint-Estève, Saint-Féliu-d'Amont, Saint-Féliu-d'Avall, Saint-Génis-des-Fontaines, Saint-Hippolyte, Saint-Laurent-de-la-Salanque, Saint-Nazaire, Sainte-Marie, Saleilles, Salses-le-Château, Le Soler, Théza, Thuir, Torreilles, Toulouges, Villelongue-de-la-Salanque, Villeneuve-de-la-Raho, Villeneuve-la-Rivière.

Alénya, Argelès-sur-Mer, Bages, Baho, Banyuls-dels-Aspres, Le Barcarès, Bompas, Bouleternère, Brouilla, Cabestany, Canet-en-Roussillon, Canohès, Claira, Corneilla-del-Vercol, Corneilla-la-Rivière, Elne, Ille-sur-Têt, Latour-Bas-Elne, Llupia, Millas, Montescot, Néfiach, Ortaffa, Palau-del-Vidre, Perpignan, Pézilla-la-Rivière, Pia, Pollestres, Ponteilla, Rivesaltes, Saint-André, Saint-Cyprien, Saint-Estève, Saint-Féliu-d'Amont, Saint-Féliu-d'Avall, Saint-Génis-des-Fontaines, Saint-Hippolyte, Saint-Laurent-de-la-Salanque, Saint-Nazaire, Sainte-Marie, Saleilles, Salses-le-Château, Le Soler, Théza, Thuir, Torreilles, Toulouges, Villelongue-de-la-Salanque, Villeneuve-de-la-Raho, Villeneuve-la-Rivière

5.   Ryšys su geografine vietove

Ryšys su geografine vietove

5.1.   Geografinės vietovės ypatumai

Geografinės vietovės ypatumai

Gamtiniai veiksniai

Gamtiniai veiksniai

„Artichaut du Roussillon“ auginimo geografinė vietovė – didžiulė į rytus orientuota prie Viduržemio jūros esanti Rusijono lyguma. Jos šiaurėje plyti Korbjerų kalnai, vakaruose – Kanigu masyvo pakraščiai, o pietuose – Alberų kalnai. Per šią vietovę teka trys upės: Tetas, Tešas ir Agli.

Dirvožemio sluoksnis storas, vėsus ir gerai drenuojamas. Tai sąnašinio tipo žemė, kurioje daugiausia smėlio ir mažai molio.

Vietovės klimatas – Viduržemio jūros: vasaros būna karštos ir sausos, pavasario pradžia bei ruduo – lietingi ir drėgno oro, o žiemos nešaltos.

„Artichaut du Roussillon“ geografinėje vietovėje daugiau nei 300 dienų per metus būna saulėta, visų pirma dėl čia pučiančio sauso šiaurės vėjo ir šilto bei drėgno jūrinio vėjo.

Žmogiškieji veiksniai

Žmogiškieji veiksniai

Sena auginimo tradicija

Sena auginimo tradicija

Rusijone daržovės auginamos jau daugiau nei tūkstantį metų, kaip galima spręsti iš XI a. išvedžioto akmeninių drėkinimo kanalų tinklo.

Artišokai Rusijone buvo auginami jau XVIII a. Apie 1830 m. jų auginimas labai išpopuliarėjo.

Specifinė praktinė patirtis

Specifinė praktinė patirtis

Ilgainiui Rusijono daržovių augintojai sukaupė ir iš kartos į kartą perdavė artišokų auginimo patirtį, kuriai būdinga daugybė techninių aspektų.

Artišokams auginti tinkami žemės sklypai atrenkami atlikus dirvožemio analizę: dirvožemį turi sudaryti 3–20 % molio, ne daugiau kaip 80 % smėlio, ne daugiau kaip 75 %, dumblo, o jo pH turi būti didesnis nei 6,5.

Be to, augintojai laipsniškai pradėjo auginti pritaikytas artišokų veisles: nuo praėjusio amžiaus šeštojo dešimtmečio pradėta auginti Violet, o nuo aštuntojo dešimtmečio – šios veislės atmaina VP 45; septintajame dešimtmetyje pradėti auginti Blanc Hyérois veislės artišokai, devintajame ir dešimtajame – Salambo, Calico ir Pop Vert.

Violet

VP 45

Blanc Hyérois

Salambo, Calico

Pop Vert

Augintojų patirtį įrodo ir tai, kad jie naudoja savo ūkiuose paruoštą augalų dauginamąją medžiagą (kartais ji perkama iš kitų vietos augintojų, bet ne daugiau kaip 5–10 % visos medžiagos); augalų dauginamąją medžiagą ruošiant ūkiuose palaikomas šių veislių prisitaikymas prie vietos sąlygų.

Artišokai rankomis sodinami į vagas (eiles mažų iškilimų), kad dėl paviršiaus nelygumų vanduo galėtų lengviau nubėgti, o augalai būtų apsaugoti nuo šalčio ir vėjų.

Augintojas laukus laisto pagal poreikius, kad drėgmė pasiskirstytų vienodai, o artišokai augtų stabiliai. Derlius nuimamas rankomis.

Dėl savo sukauptos patirties augintojai gerbia vartotojų įpročius ir papročius ir violetinius artišokus parduoda ryšeliais.

5.2.   Produkto ypatumai

Produkto ypatumai

Tvirtai susiglaudę „Artichaut du Roussillon“ pažiedžiai – jų šviežumo įrodymas ir ženklas, kad artišokus bus galima ilgai išlaikyti.

Svarbiausios artišokų jutiminės savybės – jų minkštumas ir švelnus skonis; jų tekstūra tvirta, juose mažai skaidulų. Dėl šių savybių šiuos artišokus galima valgyti termiškai neapdorotus ir jie yra įgavę gerą vardą.

„Artichaut du Roussillon“ nuo kitų artišokų skiriasi tuo, kad yra labai ankstyvi, todėl pavasarį tai yra viena iš pirmųjų parduodamų daržovių.

5.3.   Priežastinis geografinės vietovės ir kurios nors produkto savybės, gero vardo ar kitos ypatybės ryšys

Priežastinis geografinės vietovės ir kurios nors produkto savybės, gero vardo ar kitos ypatybės ryšys

Dėl savo kokybės „Artichaut du Roussillon“ yra pelnę labai gerą vardą.

Rusijono lygumos klimato ir dirvožemio sąlygos labai palankios artišokams auginti.

Švelnus klimatas ir daug saulėtų dienų lemia „Artichaut du Roussillon“ ankstyvumą. Žiemos nebūna šaltos, todėl augalams pereinant iš ramybės į augimo būseną nekyla šalnų pavojus. Saulės šviesa – labai svarbus kriterijus, darantis poveikį augalo augimo ciklui ir švelniam „Artichaut du Roussillon“ skoniui.

Augintojai renkasi minkštą, gilų ir mažai molingą dirvožemį, todėl jis būna gerai drenuojamas, o tai yra būtina šių augalų, kuriuos neigiamai veikia drėgmės perteklius, auginimo sąlyga.

„Artichaut du Roussillon“ auginti naudojamos atrinktos veislės, kurios puikiai prisitaikiusios prie vietos klimato sąlygų; dėl to derlių nuimti galima laikotarpiu, kuris palankus oro drėgmės požiūriu: graižas būna neišsiskleidęs ir produktą galima ilgai išlaikyti.

Artišokus rankomis sodinant į vagas ir suformuojant kauburėlius augalai tvirtai įsitvirtina žemėje ir būna apsaugoti nuo vėjų. Drėkinant ir dėl giliai (iki kelių metrų gylio) įsiskverbusių šaknų augalai drėgmės gauna pagal poreikius ir reguliariai, todėl jie auga stabiliai ir nepatirdami vandens trūkumo, o tai labai svarbu siekiant, kad jų dalys nesumedėtų, o patys artišokai užaugtų tvirti, bet minkšti ir be skaidulų. Dėl šių savybių „Artichaut du Roussillon“ yra puikios kokybės produktas, kurį galima valgyti termiškai neapdorotą.

Galiausiai nuimant derlių rankomis užtikrinama, kad bus išsaugotos produktui būdingos savybės ir bus tęsiama violetinių artišokų (parduodamų ryšeliais) poivrade tradicija (pateikimas su pipiriniu padažu).

poivrade

„Artichaut du Roussillon“ geras vardas jau buvo žinomas XIX a. pradžioje, kai pirmą kartą paminėtas pipirinis padažas.

Jau tuo metu Perpinjano sodininkai pelnydavo daugybę apdovanojimų ir „parodė, kad Rusijono artišokai yra daug geresnės kokybės už kitus pietuose auginamus artišokus“ (A.Siau veikalas Rapport de l’industrie maraîchère des Pyrénées-Orientales („Daržovių augintojų veikla Rytų Pirėnuose“), 1856).

Rapport de l’industrie maraîchère des Pyrénées-Orientales

„Artichaut du Roussillon“ artišokai puikiai žinomi ir Prancūzijos kataloniškoje virtuvėje: jie išgarsinti daugybe tradicinių patiekalų receptų, pateiktų 2006 m. išleistoje E.Comelade knygoje L’artichaut, l’or vert du Roussillon („Žaliasis Rusijono auksas – artišokai“).

L’artichaut, l’or vert du Roussillon

Be to, jau 15 metų gegužės 1-ąją regione rengiama labai populiari artišokų šventė. Norintiems dalyvauti Prancūzijos ėjimo ne stadione čempionate rengiamos 10 km ėjimo per aplinkinius kaimus atrankos varžybos, vadinamos „artišokų“ ėjimo varžybomis. Artišokai dažnai minimi geografinėje vietovėje įsikūrusių miestelių kvartalų pavadinimuose (pvz., Carxofe („artišokas“) vietovė Villelongue-de-la-Salanque miestelyje).

Carxofe

Villelongue-de-la-Salanque

Apie „Artichaut du Roussillon“ labai dažnai ir teigiamai atsiliepia vietos laikraščiai ir profesionalams skirti leidiniai: „Garsaus Paryžiaus restorano Les Buttes Chaumont virtuvės šefas katalonas siūlo pasimėgauti troškintais Rusijono artišokais“ (Indépendant, 2001). Savo straipsnyje Cultiver sa différence („Nebijokim pasirodyti kitokie“) Jeanas Harzigas pabrėžia, kad „šis produktas (...) rinkoje labai vertinamas ir mėgstamas“ (Vegetable, 2008).

Les Buttes Chaumont

Indépendant

Cultiver sa différence

Vegetable

Nuoroda į paskelbtą specifikaciją

Nuoroda į paskelbtą specifikaciją

(šio reglamento 6 straipsnio 1 dalies antra pastraipa)

https://www.inao.gouv.fr/fichier/CDCIGPArtichautduRoussillonV1.pdf

---

(1)  OL L 343, 2012 12 14, p. 1.

1

---