natgillin/translations-raw huggingface dataset:
As part of the restructuring plan, BE has reached agreements (the Standstill Agreements) in relation to a standstill, subject to certain conditions, of payments due to BNFL and a number of significant financial creditors (the significant creditors) which comprise the holders of the majority of the 2003, 2006 and 2016 sterling bonds issued by BE (the bondholders, the Eggborough bank syndicate including the Royal Bank of Scotland as letter of credit provider (RBS) (together the Bank lenders) and counter-parties to three out of the money Power Purchase Agreements (PPAs) and contracts for differences: Teaside Power Limited (TPL), Total Fina Elf (TFE); and Enron (hereunder collectively the PPA Counterparties).
Kot del načrta za prestrukturiranje je družba BE dosegla dogovore („dogovori o odlogu plačil“) o odlogu, pod nekaterimi pogoji, zapadlih plačil družbi BNFL in več pomembnim finančnim upnikom („pomembni upniki“), med katere spadajo lastniki večine obveznic družbe BE iz let 2003, 2006 in 2016 („lastniki obveznic“), konzorcij banke Eggborough, vključno z banko Royal Bank of Scotland („RBS“), ki je izdala akreditiv (skupaj „banke posojilodajalke“), ter stranke, sodelujoče pri treh denarnih pogodbah o nakupu energije („PNE“) in pri pogodbah na razliko: Teaside Power Limited („TPL“), Total Fina Elf („TFE“); in Enron (v nadaljevanju skupaj poimenovane „stranke, sodelujoče pri pogodbah o nakupu energije“).
Under the Standstill Agreements, the standstill period commences on 14 February 2003 and ends at the earliest on 30 September 2004 or the occurrence of a termination event or the completion of the restructuring.
V skladu z dogovori o odlogu plačil začne obdobje odloga veljati 14. februarja 2003 in se zaključi ne prej kot 30. septembra 2004 ali v primeru prekinitve ali ob zaključku prestrukturiranja.
During this period, BNFL and significant creditors have agreed with BE that they will not take any steps to initiate insolvency proceedings or demand or accelerate any amounts due and payable by BE.
V tem obdobju so se družba BNFL in pomembni upniki z družbo BE dogovorili, da ne bodo ukrepali za začetek postopkov zaradi plačilne nesposobnosti ali zahtevali ali pospeševali zapadlih zneskov, ki jih mora plačati družba BE.
BE’s and BNFL and Significant Creditors’ obligations under the Standstill Agreements are described in recitals (71) to (73).
Obveznosti družb BE in BNFL ter pomembnih upnikov, določene z dogovori o odlogu plačil, so opisane v uvodnih izjavah (70) do (73).
BE’s standstill obligations
Obveznosti družbe BE za odlog plačil
Under the Standstill Agreements:
V skladu z dogovori o odlogu plačil:
interest will continue to be paid to bondholders and the Eggborough banks in accordance with existing arrangements,
še naprej se plačujejo obresti lastnikom obveznic in bankama Eggborough v skladu z obstoječimi dogovori;
interest at 6 % per annum will be paid to RBS (in respect of its letter of credit) on an amount of GBP 34 million and to the PPA Counterparties on their claim amounts (RBS GBP 37,5 million; TPL GBP 159 million; TFE GBP 85 million; Enron GBP 72 million);
obresti v višini 6 % na leto se bodo plačevale banki RBS (v zvezi z njenim akreditivom) na znesek 34 milijonov GBP in strankam, sodelujočim v pogodbah o nakupu energije, na zneske njihovih zahtevkov (banki RBS 37,5 milijona GBP; družbi TPL 159 milijonov GBP; družbi TFE 85 milijonov GBP; družbi Enron 72 milijonov GBP);
EPL will be paid amounts attributable to its operating costs and capital expenditure;
družbi EPL se bodo izplačali zneski, ki se pripišejo njenim operativnim stroškom in naložbam v osnovna sredstva;
BE will continue to purchase power from TPL at fixed prices at levels based on the current forward price curve for electricity until completion of the Restructuring;
družba BE bo še naprej kupovala električno energijo od družbe TPL po fiksnih cenah, osnovanih na sedanji krivulji terminskih cen električne energije do zaključka prestrukturiranja;
interest will accrue to BNFL in respect of the amounts owed under the existing spent fuel management agreements from 1 April 2003 and will be waived if the Restructuring takes place.
družbi BNFL se bodo v skladu z obstoječimi sporazumi o ravnanju z izrabljenim gorivom od 1. aprila 2003 obračunale obresti za dolgovane zneske, ki pa se bodo opustile, če se izvede prestrukturiranje.
Amounts accruing under the existing spent fuel management agreements in respect of fuel loaded prior to the Restructuring Effective Date will be frozen to the extent they exceed the amounts that would have been payable had the new spent fuel management agreements been effective from 1 April 2003 and will be waived if the restructuring takes place.
Zneski, ki se zberejo v skladu z obstoječimi sporazumi o ravnanju z izrabljenim gorivom za gorivo, natočeno pred datumom uveljavitve prestrukturiranja, se bodo zamrznili, dokler ne presežejo zneskov, ki bi jih bilo treba plačati, če bi novi sporazumi o ravnanju z izrabljenim gorivom veljali od 1. aprila 2003, in se bodo opustili, če se izvede prestrukturiranje.
BNFL and Significant Creditor standstill obligations
Obveznosti družbe BNFL in pomembnih upnikov za odlog plačil
from November 2002 up to 31 March 2003, BNFL will freeze all payments due under the existing spent fuel management agreements from 1 April 2003, BNFL will stand still the difference between payments due under the existing and the new spent fuel management agreements;
od novembra 2002 do 31. marca 2003 bo družba BNFL zamrznila vsa zapadla plačila iz obstoječih sporazumov o izrabljenem gorivu od 1. aprila 2003, bo družba BNFL odložila razliko med zapadlimi plačili iz obstoječih in novih sporazumov o izrabljenem gorivu;
bondholders will stand still principal due under the 2003 bonds;
lastniki obveznic bodo odložili dolgove iz obveznic iz leta 2003;
Eggborough banks will stand still principal repayments and other payments due under the Capacity and Tolling Agreement (CTA) except those included in BE’s continuing obligations;
banki Eggborough bosta odložili glavna odplačila in druga zapadla plačila iz sporazuma o nakupu zmogljivosti in taksah na gorivo („SNZTG“) razen tiste, ki spadajo med trajne obveznosti družbe BE;
RBS will stand still all amounts in respect of the RBS counter-indemnity, composite guarantee or letter of credit;
banka RBS bo odložila vse zneske v zvezi z jamstvom povračila odškodnine, sestavljeno garancijo ali akreditivom banke RBS;
the PPA counterparties will stand still all amounts arising under the PPAs except those included in BE’s continuing obligations.
stranke, sodelujoče pri pogodbah o nakupu energije, bodo odložile vse zneske iz pogodb o nakupu energije razen tiste, ki spadajo med trajne obveznosti družbe BE.
The obligations of a significant creditor under its agreement to standstill payments will cease to apply if any of the following occurs and a Significant Creditor gives notice of termination to BE:
Obveznosti pomembnega upnika iz njegovega dogovora o odlogu plačil bodo prenehale veljati, če se zgodi kar koli od naslednjega in pomembni upnik družbo BE obvesti o prekinitvi:
there is a default in payment of the non-deferred amounts due to that significant creditor which continues for more than 20 Business Days;
pojavi se zamuda pri plačilu neodloženih zneskov, dolgovanih temu pomembnemu upniku, ki traja več kot 20 delovnih dni;
a winding up or administration petition or order is made in respect of BE or any of its subsidiaries;
za družbo BE ali katero koli od njenih hčerinskih družb začne veljati prenehanje ali se predloži peticija ali odlok o skrajšanem stečajnem postopku;
the UK Government makes a written demand for repayment of the Credit Facility Agreement or under any replacement facility from commercial banks guaranteed by the UK Government and the related counter indemnity by BE and its subsidiaries in favour of the UK Government;
vlada Združenega kraljestva pisno zaprosi za odplačilo sporazuma o kreditiranju ali v skladu s kakršnimi koli nadomestnimi sredstvi komercialnih bank, za katera jamči vlada Združenega kraljestva, in s tem povezano jamstvo povračila odškodnine družbe BE in njenih hčerinskih družb v korist vlade Združenega kraljestva;
the requisite approvals have not been obtained from the Eggborough Credit Facility Agent, RBS, the TPL bank syndicate or Enron.
ne pridobijo se potrebne odobritve s strani zastopnika kreditnega sklada Eggborough, banke RBS, bančnega konzorcija družbe TPL ali Enrona;
documentation is issued by BE or any of its subsidiaries which provides for distributions to significant creditors different to those in the Heads of Terms agreed by the significant creditors.
družba BE ali katera koli od njenih hčerinskih družb izda dokumentacijo, ki predvideva porazdelitve pomembnim upnikom, drugačne od tistih iz glavnih točk pogojev, dogovorjenih s pomembnimi upniki.
Standstill impact
Vpliv odloga plačil
Table 4 sets out the level of cash that would be saved by BE through the Standstill Agreements according to the UK authorities, should the restructuring effective date be on 31 March 2004.
Tabela 1 določa višino zneskov, ki bi jih družba BE, kot menijo organi Združenega kraljestva, prihranila z dogovori o odlogu plačil, če bi bil datum uveljavitve prestrukturiranja 31. marec 2004. Tabela 4 Denar, ki ga prihrani družba BE z dogovori o odlogu plačil (v milijonih GBP) Leto, ki se zaključi marca 03
Bondholders
Lastniki obveznic
VAT impact
Vpliv DDV
Interest impact
Vpliv obresti
Cumulative cash
Skupni znesek
Measure D: significant creditors restructuring package
Ukrep D: paket pomoči za prestrukturiranje za pomembne upnike
In addition to the Standstill Agreements, the restructuring plan provides for the claims of the significant creditors to be restructured and rescheduled.
Razen dogovorov o odlogu plačil skrbi za prestrukturiranje in prerazporeditev zahtevkov pomembnih upnikov načrt za prestrukturiranje.
On 14 February 2003, BE reached non-binding agreement with the significant creditors for the compromise and allocation of their claims.
februarja 2003 je družba BE s pomembnimi upniki dosegla nezavezujoč sporazum za kompromis in razporeditev njihovih zahtevkov.
The liabilities of the significant creditors to be compromised, as reflected in BE’s unaudited financial statements for the six months to 30 September 2002, were as follows:
Obveznosti pomembnih upnikov, za katere se je sklenil kompromis in kot jih odražajo nerevidirani računovodski izkazi družbe BE za šest mesecev do 30. septembra 2002, so bile naslednje:
bondholders: GBP 408 million
lastniki obveznic: 408 milijonov GBP,
bank lenders: GBP 490 million
banke posojilodajalke: 490 milijonov GBP,
PPA counterparties: GBP 365 million.
stranke, sodelujoče v pogodbah o nakupu energije: 365 milijonov GBP.
Under the Heads of Terms the claim amounts in relation to the PPAs have since been set at GBP 316 million for the purposes of the Restructuring Package.
V skladu z glavnimi točkami pogojev so se zneski zahtevkov iz pogodb o nakupu energije določili na 316 milijonov GBP zaradi paketa pomoči za prestrukturiranje.
The liabilities will be restructured and rescheduled as follows:
Obveznosti bodo prestrukturirane in prerazporejene:
GBP 275 million of new bonds will be issued to the bondholders, bank lenders, RBS, TPL, TFE, and Enron;
lastnikom obveznic, bankam posojilodajalkam, banki RBS ter družbam TPL, TFE in Enron se bo izdalo za 275 milijonov GBP novih obveznic;
a revised CTA will be entered into with the Eggborough banks with a financial return for the banks equivalent to GBP 150 million of New Bonds;
z bankama Eggborough se bo sklenil revidiran sporazum o nakupu zmogljivosti in taksah na gorivo s finančnim donosom, ki bo za banki enakovreden 150 milijonom GBP v novih obveznicah;
ordinary shares in BE will be issued to the bondholders, bank lenders, RBS, TPL, TFE, and Enron.
lastnikom obveznic, bankam posojilodajalkam, banki RBS ter družbam TPL, TFE in Enron se bodo izdale navadne delnice.
Measure E: Introduction of a new trading strategy
Ukrep E: uvedba nove strategije trgovanja
BE has revised its trading strategy, seeking to reduce its exposure to output and price risks.
Družba BE je popravila svojo strategijo trgovanja, da bi zmanjšala izpostavljenost proizvodnim in cenovnim tveganjem.
The revisions constitute one of the elements in the restructuring package which enhance BE’s financial robustness.
Spremembe so eden od elementov paketa pomoči za prestrukturiranje, ki povečujejo finančno trdnost družbe BE.
BE is one of the largest electricity generators within the United Kingdom, contributing over 20 % of UK power generation.
Družba BE je eden od največjih proizvajalcev električne energije v Združenem kraljestvu, ki prispeva več kot 20 % proizvodnje električne energije v Združenem kraljestvu.
This electricity generation portfolio consists of nuclear generation (83 % by capacity) and coal-fired generation (17 % by capacity), capable of producing approximately 75 TWh per annum.
To proizvodnjo električne energije sestavljata proizvodnja jedrske energije (83 % zmogljivosti) in proizvodnja energije iz premoga (17 % zmogljivosti), ki sta na leto sposobni proizvesti približno 75 TWh.
The trading arm of BE, BEPET is responsible for selling the output of BE’s generation portfolio, managing the exposure of BE to electricity market price fluctuations and maximising the sales prices achieved by BE relative to the market.
Tržna veja družbe BE, družba BEBET je odgovorna za prodajo sestave proizvedene električne energije družbe BE, uravnavanje izpostavljenosti družbe BE nihanjem cen na trgu električne energije in povečevanje prodajnih cen, ki jih na trgu dosega družba BE.
Since 83 % of BE’s generation capacity is nuclear, a key focus for BEPET is the sale of this mainly continuous production.
Ker je 83 % proizvodnih zmogljivosti družbe BE jedrskih, je glavni cilj družbe BEPET prodaja te večinoma neprekinjene proizvodnje.
The coal-fired Eggborough plant is also an important element in the trading portfolio.
Elektrarna na premog Eggborough je prav tako pomemben element trgovinskega portfelja.
It offers output flexibility to accommodate changing customers’ demand levels and valuable ‘insurance’ in the event of a nuclear outage.
Omogoča prilagodljivost proizvodnje za izpolnjevanje spremenljivih ravni zahtev odjemalcev in dragoceno „zavarovanje“ v primeru izpada v jedrskih elektrarnah.
It offers flexibility in relation to the purposes of its large I & C customers and also part of its wholesale trading.
Omogoča prilagodljivost v zvezi z nameni svojih velikih industrijskih in poslovnih odjemalcev ter tudi z delom svoje trgovine na debelo.
In order to manage BE’s exposure to market prices whilst maximising the sales price achieved relative to market, BEPET sells its output forward.
Da se uravnava izpostavljenost družbe BE tržnim cenam, medtem ko se povečujejo prodajne cene, dosežene na trgu, prodaja družba BEPET proizvodnjo terminsko.
By the time the electricity is produced, BEPET, in common with other generators, seeks to have sold 100 % of its generation to avoid exposure to the typically volatile prices in the balancing mechanism.
Ko je električna energija proizvedena, poskuša družba BEPET, skupaj z drugimi proizvajalci, že imeti prodanih 100 % te proizvodnje, da bi se izognila značilno nestabilnim cenam v izravnalnem mehanizmu.
By selling ahead, the Company is able to ensure that future output volumes are sold at the prevailing price at that time and, in some cases, that prices for future output are fixed.
S prodajo vnaprej lahko družba zagotovi, da se prihodnje proizvedene količine prodajo po takratni prevladujoči ceni in, v nekaterih primerih, da ostanejo cene za prihodnjo proizvodnjo fiksne.
BEPET has a number of routes through which it can sell BE generation and sells 32 % of its total generation through the Direct Supply Business (DSB).
Družba BEPET ima več kanalov, prek katerih prodaja proizvodnjo družbe BE in 32 % skupne proizvodnje proda z dejavnostjo neposredne dobave.
The DSB has grown organically and represents a key element of BE’s business strategy.
Dejavnost neposredne dobave se je razrasla in predstavlja ključni element poslovne strategije družbe BE.
BE’s retail market position accounts for a small part of its generating output relative to other significant generators in Great Britain.
Položaj družbe BE na trgu na drobno odtehta majhen del njene proizvodnje v primerjavi z drugimi pomembnimi proizvajalci v Veliki Britaniji.
BE’s growth in this market is driven by the goal of diversifying delivery channels for generation output rather than any goal with respect to the retail market by itself.
Rast družbe BE na tem trgu spodbuja cilj spremeniti kanale za dostavo proizvodnje energije in ne kakršen koli cilj v zvezi s samim trgom na drobno.
BE achieves a gross margin of approximately 2 % [13] on its direct sales reflecting the competitive nature of this market.
Družba BE dosega bruto maržo v višini približno 2 % [13] za neposredno prodajo, kar odseva tekmovalnost tega trga.
The reasons for the financial difficulties faced by BE in September 2002 included three substantially out-of-the-money power purchase agreements and contracts for differences into which it had entered as part of earlier trading and corporate activity.
Med razloge za finančne težave družbe BE septembra 2002 spadajo tudi trije znatno nedobičkonosni sporazumi o nakupu energije in pogodbe na razliko, ki jih je sklenila kot del predhodnih trgovskih in poslovnih dejavnosti.
Each was included in the compromise agreement with significant creditors reached as part of the restructuring package.
Vse so bile vključene v sporazum za kompromis s pomembnimi upniki, sklenjen kot del paketa pomoči za prestrukturiranje.
The first one is the contract with TFE.
Prva je pogodba z družbo TFE.
Compared to today’s prevailing market prices, the exercise price within this contract is very high.
V primerjavi s sedanjimi prevladujočimi tržnimi cenami je izvršilna cena v tej pogodbi zelo visoka.
The agreement was struck in 1997, at a time when prices were on average much higher than is currently the case.
Sporazum je bil sklenjen leta 1997, ko so bile cene v povprečju veliko višje, kot so sedaj.
The agreement is substantially out-of-the-money for BE and the claim amount due to TFE is GBP 85 million.
Sporazum je za družbo BE znatno nedobičkonosen in zahtevek, ki ga dolguje družbi TFE, je 85 milijonov GBP.
The second relates to the swap contract with Enron, dated 1 April 1996, which is a financially settled instrument, based on the difference between peak and off-peak pool prices.
Druga pogodba je povezana s pogodbo o zamenjavi, sklenjeno z družbo Enron 1. aprila 1996, ki je finančno stabilen instrument in ki temelji na razliki med cenami električne energije v času večje in manjše obremenjenosti.
The contract was entered into by BE prior to its acquisition of Eggborough.
Pogodba z družbo BE je bila sklenjena pred nakupom elektrarne v Eggboroughu.
It was intended as a hedge against the varying shape of BE’s growing I & C consumer business.
Mišljena je bila kot zavarovanje pred spremenljivim obsegom povečanega poslovanja družbe BE z industrijskimi in poslovnimi odjemalci.
The claim amount due to Enron recognised in respect of this out-of-the-money PPA in the restructuring package is GBP 72 million.
Zahtevek, ki se dolguje družbi Enron za to nedobičkonosno pogodbo o nakupu energije, se v paketu pomoči za prestrukturiranje ocenjuje na 72 milijonov GBP.
The third one concerns an agreement inherited through BE’s 1999 acquisition of SWALEC, with TPL.
Tretja pogodba je sporazum iz preteklosti z družbo TPL, ki ga je družba BE prevzela ob nakupu družbe SWALEC leta 1999.
The contract was originally signed on 26 June 1991.
Pogodba je bila prvotno podpisana 26. junija 1991.
The contract is substantially out-of-the-money.
Pogodba je znatno nedobičkonosna.
The claim amount due to TPL recognised in respect of this PPA in the Restructuring Package is GBP 159 million.
Zahtevek, ki se dolguje družbi TPL za to pogodbo o nakupu energije, se v paketu pomoči za prestrukturiranje ocenjuje na 159 milijonov GBP.
BE’s new trading strategy
Nova strategija trgovanja družbe BE
As part of the restructuring package, BE has determined to secure more medium-term fixed price sales of its output.
Družba BE se je odločila, da v kot del paketa pomoči za prestrukturiranje zavaruje več srednjeročnih prodaj proizvodnje po fiksnih cenah.
According to the UK Government, the implementation of this strategy will reduce the volatility of cash flow and reinforce the longer-term financial viability of the Company.
Vlada Združenega kraljestva meni, da bo uvedba te strategije zmanjšala nestabilnost denarnih tokov in okrepila dolgoročno finančno sposobnost družbe.
Under the new strategy, fixed price forward sales of output will result in the Company pre-selling a higher portion of its output for the next three to five years at a fixed price, such that BEPET fixes the value of a greater proportion of its future generation.
Po novi strategiji bodo terminske prodaje proizvodnje po fiksnih cenah povzročile, da bo družba vnaprej prodala večji delež proizvodnje za naslednjih 3–5 let po fiksni ceni, takšni, da bo družba BEPET določila vrednost večjega dela njene prihodnje proizvodnje.
The key objectives of the new trading strategy are: (i) to limit price risks by securing further fixed-price contracts; (ii) to maintain viable sales channels for significant generation volumes, and (iii) to provide additional cash to maintain adequate financial reserves.
Ključni cilji nove strategije trgovanja so: (i) omejiti cenovna tveganja z zagotavljanjem nadaljnjih pogodb po fiksnih cenah, (ii) ohraniti dejavne prodajne poti za večje količine proizvodnje in (iii) zagotoviti dodaten denar za vzdrževanje ustreznih finančnih rezerv.
Since the new strategy was articulated in early December 2002, BE has succeeded in selling or extending an additional 14,8 TWh of DSB sales for 2003 to 2006 through the renewal of annual contracts and some extensions to multi-year agreements.
Odkar je bila v začetku decembra 2002 oblikovana nova strategija, je družba BE uspela prodati ali podaljšati dodatnih 14,8 TWh z dejavnostjo neposredne prodaje za obdobje od 2003 do 2006 z obnovami letnih pogodb in z nekaterimi podaljšanji večletnih sporazumov.
As at 6 March 2003, BE had also had negotiations with a number of wholesale counterparties on the subject of structured trades.
marca 2003 se je družba BE s številnimi sodelujočimi veleprodajnimi strankami pogajala o poslovnih zavarovanjih.
On 6 February 2003, a significant contract was signed with British Gas Trading Limited for the sale of approximately 10 TWh per annum until 1 April 2007, more than half of which is at a fixed price.
februarja 2003 je bila podpisana pomembna pogodba z družbo British Gas Trading Limited za prodajo približno 10 TWh na leto do 1. aprila 2007, več kot polovico tega po fiksni ceni.
The new contracts with BNFL also provide some element of electricity price hedging to BE due to the variable price, linked to electricity prices, to be paid for AGR fuel supply and AGR spent fuel management services.
Nove pogodbe z družbo BNFL prav tako pomenijo nekak element zavarovanja cene električne energije za družbo BE zaradi spremenljive cene, povezane s cenami električne energije, ki jo je treba plačati za dobavo goriva za plinsko hlajene reaktorje in za storitve ravnanja z izrabljenim gorivom iz plinsko hlajenih reaktorjev.
At current market prices, the new agreements with BNFL provide a partial hedge on approximately 60 % of BE’s AGR output of approx. 58 TWh p.a.
Po sedanjih tržnih cenah bodo novi sporazumi z družbo BNFL pomenili delno zavarovanje približno 60 % proizvodnje plinsko jedrskih reaktorjev družbe BE, ki je približno 58 TWh na leto.
BE proposes to focus on the following objectives in its medium-term strategy:
Družba BE se namerava v svoji srednjeročni strategiji osredotočiti na naslednje cilje:
ensuring that BE’s nuclear plants are operating to world safety and performance levels,
zagotavljanje, da jedrske elektrarne družbe BE delujejo v skladu s svetovnimi ravnmi varnosti in zmogljivosti,
enhancing safety while improving productivity and competitiveness;
povečevanje varnosti, medtem ko se izboljšuje produktivnost in konkurenčnost;