CELEX: 51982PC0434
Language: en
Date: 1982-07-12
Title: Proposal for a COUNCIL DECISION approving amendments to the Statutes of the "Kernkraftwerk Lingen GmbH" Joint Undertaking (submitted to the Council by the Commission)

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DOCUMENTS "COM"
COM (82) 434
Vol. 1982/0143
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                   COM(82)434 final
                                                   Brussels , 12 July 1982
                                    Proposal for a
                                    COUNCIL DECISION
                 approving amendments to the Statutes of the
                 " Kernkraf twerk Lingen GmbH " Joint Undertaking
            /C<\ ( submitted -to the Council by the Commission )
              -omjusecréhr!at
        V;             w       ■ ./
C0M(82 ) 434 final
 ---pagebreak---                                                        Cêtwi v| 3> 4
         Subject :   Proposal for a Council Decision approving amendments to
                     the Statutes of the " Kernkraftwerk Lingen GmbH " Joint
                     Undertaking
                                Explanatory Memorandum
         The Council of the European Atomic Energy Community in its Decision of
                           (1 )
         12 December 1964        established Kernkraftwerk Lingen GmbH ( KWL ) as a
         Joint Undertaking .      In pursuance of the second paragraph of Article 50 of
         the Euratom Treaty , amendments to the statutes of Joint Undertakings
         cannot enter into force until they have been approved by the Council
         acting in accordance with the procedure laid down in Article 47 of the
         Euratom Treaty on a proposal from the Commission .
         The Council in its Decisions of 31 December 1965 ^, 22 December 1966 ^,
         27 June 1967 ^, 20 December 1968^ and 25 November 1969^ approved
         amendments to the Statutes that successively increased the capital of the
         Joint Undertaking from DM 2.240 million to DM 80 million .
         During their extraordinary general meeting of 20 October 1981 , the members
         of the KWL Joint Undertaking decided to reduce the company capital from
         DM 80 million to DM 20 million following the decision taken on 24 August
         1981 to decommission the company 's 250 MWe nuclear power station .
         The company 's operating capacities are in no way affected by this decision .
         The reduction in the Capital constitutes an adjustment of the latter to
         the company 's more limited activities following the decision taken on
         24 August 1981 .     The revenue resulting from this reduction will be used to
         offset the losses that have accumulated .
         The Commission considers that the reduction in the capital is in accordance
         with sound financial management of the Joint Undertaking .
( 1 ) 0J  No  214, 24.12.1964
( 2 ) 0J  No  225, 31.12.1965
C3) 0J    No  240, 27.12.1966
(4) 0J    No  140, 4.7.1967
( 5 > 0J  No  L 308, 23.12.1968
  6) 0J No L 302, 2.12.1969
 ---pagebreak---                               ι
The Commission also attaches particular importance to the decommissioning
programme for this power station , since this is one of the first cases in
which a nuclear power station incorporating a light water reactor is being
taken out of service in the Community and because the experience acquired
in implementing this programme will be beneficial to the further
development of nuclear energy in the Community .   It should also be
pointed out that in pursuance of Article 2 of the Council Decision of
12 December 1964 granting advantages to the " Kernkraftwerk Lingen GmbH "
Joint Undertaking , the Commission will still have access to all industrial ,
technical and economic information resulting from the implementation of
this programme .
It therefore proposes that the Council approve the amendments to the
                                                                         I
Statutes of the Joint Undertaking .
 ---pagebreak---                                         3
                               Proposal for a
           Council Decision approving amendments to the Statutes
           of the " Kernkraftuerk Lingen GmbH " Joint Undertaking
      THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
      Having regard to the Treaty establishing the European Atomic Energy
      Community , and in particular Articles 50 and 47 thereof ,
      Having regard to the proposal from the Commission ,
                                                                (1 )
      Whereas the Council in its Decision of 12 December 1964         approved the
      establishment of " Kernkraftwerk Lingen GmbH " as a Joint Undertaking
      within the meaning of the Treaty ;
                                                                  (2)
      Whereas the Council in its Decisions of 31 December 1965        , 22
      December 1966 ^, 27 June 1967 ^, 20 December 1968 ^* and 25 November
      1969 ^* approved successive increases in the capital of the Joint Undertaking
      which raised the latter from DM 2.240 million to DM 80 million ;
      Whereas the members of the Joint Undertaking decided on 24 August 1981 to
      decommission the company 's nuclear power station ;
      Whereas the extraordinary general meeting of the members of the Joint
      Undertaking resolved on 20 October 1981 to reduce the capital of the
      company from DM 80 million to DM 20 million and to amend Articles 4 , 4a and
      12 of the Statutes of the Joint Undertaking ;
      Whereas the reduction in the capital corresponds to the reduction in the
      activities of the Joint Undertaking as a result of the decommissioning of
      the 250 MWe nuclear power station ;
C1 ) 0J  No  214 , 24.12.1964, p. 3642 / 64
( 2 ) 0J No  225 , 31.12.1965, p. 3305 / 65
C3) 0J   No  240, 27.12.1966, p. 4037 / 66
(4)OJ    No  140, 4.7.1967, p. 7
( 5 ) 0J No  L 308, 23.12.1968, p. 20
(6) 0J   No  L 302 , 2.12.1969, p. 17
 ---pagebreak---                                ν
Whereas such a reduction is in accordance with sound financial management
of the Joint Undertaking ;
Whereas the experience acquired from the decommissioning programme for
this power station is of particular value to the further development of
nuclear energy in the Community , since this is one of the first nuclear
power stations comprising a light water reactor to be decommissioned in
the Community ,
HAS 'DECIDED AS FOLLOWS :
                           Article 1
The amendments to Articles 4 , 4a and 12 of the Statutes of the " Kernkraft-
werk Lingen GmbH " Joint Undertaking annexed to this Decision are hereby'
approved .
                           Article 2
This Decision shall   take effect on the date of its publication in the
Official Journal of the European Communities .
 ---pagebreak---                                 ζ
                             ANNEX
Amendments to the Statutes of the " Kernkraftwerk Lingen GmbH "
                       Joint Undertaking
1 . Article 4 of the Statutes of the company shall be amended to read
    as follows :
                            Article 4
    The capital of the company is DM 20,000,000 ( twenty million German
    marks )"
2 . Article 4a of the Statutes of the company shall be deleted .
3 . Article 12 of the Statutes of the company shall be amended to read
    as follows :
                          " Article 12
    Each DM 2,500 fraction of a share shall carry the right to one vote .