natgillin/translations-raw huggingface dataset:
reducing exposure to wholesale electricity prices in the United Kingdom whilst continuing to maintain a reliable route to market.
zmanjšanje izpostavljenosti veleprodajnim cenam električne energije v Združenem kraljestvu, medtem ko se ohranjajo zanesljive poti na trg.
This will be achieved through a mixture of contract terms, access to flexible generation through Eggborough and DSB, focusing primarily on the I & C Consumer sector;
Ti cilji se bodo dosegli s kombinacijo pogodbenih pogojev, dostopa do prilagodljive proizvodnje prek elektrarne Eggborough in dejavnosti neposredne dobave, z osredotočanjem predvsem na sektor industrijskih in poslovnih odjemalcev;
developing a profitable renewables business to support the competitiveness of the DSB;
razvoj dobičkonosnega poslovanja z obnovljivimi viri energije za izboljšanje konkurenčnosti dejavnosti neposredne dobave;
a continuing commitment to supporting EU-sponsored safety-related activities in the former Soviet Union and Eastern Europe.
nenehna zavezanost podpiranju dejavnosti, povezanih z varnostjo, pod pokroviteljstvom EU, v nekdanji Sovjetski zvezi in Vzhodni Evropi.
Measure F: asset disposals to help finance restructuring
Ukrep F: prodaja premoženja za pomoč pri financiranju prestrukturiranja
On 23 December 2002, BE announced that it had entered into binding heads of agreement to dispose of its 82,4 % interest in Bruce Power as follows: 79,8 % to a consortium made up of Cameco, BPC Generation Infrastructure Trust and TransCanada PipeLines Limited (together, the Consortium) and 2,6 % to the Power Workers’ Union Trust No1 and The Society.
decembra 2002 je družba BE objavila, da je sprejela kot zavezujoče glavne točke pogodbe za prodajo deleža 82,4 % v družbi Bruce Power: 79,8 % konzorciju, ki ga sestavljajo družbe Cameco, BPC Generation Infrastructure Trust in TransCanada PipeLines Limited (skupaj imenovane „konzorcij“) ter 2,6 % trustu Power Workers' Union št. 1 in Družbi.
In addition, the Consortium agreed to acquire BE’s 50 % interest in Huron Wind, a wind turbine project in Ontario.
Razen tega je konzorcij pristal na nakup deleža 50 % družbe BE v projektu Huron Wind, projektu vetrnih turbin v Ontariu.
The sale of Bruce Power and Huron Wind to the Consortium was completed on 14 February 2003.
Prodaja družbe Bruce Power in projekta Huron Wind konzorciju je bila zaključena 14. februarja 2003.
At the closing, BE received CAD 678 million in cash.
Ob zaključku je družba BE prejela 678 milijonov CAD v denarju.
In addition, BE expects to receive up to CAD 140 million from contingent on the restart of two Bruce A units and escrow accounts.
Razen tega pričakuje družba BE do 140 milijonov CAD od kvot za ponovni zagon dveh enot elektrarne Bruce A in depozitnih računov.
The initial proceeds of GBP 275 million, less certain amounts for transaction costs, have been paid into an account approved by and charged in favour of the DTI under the rescue Credit Facility Agreement (CFA).
Začetni izkupiček 275 milijonov GBP, brez zneska za stroške transakcije, se je izplačal na račun, ki ga je potrdilo in odprlo Ministrstvo za trgovino in industrijo v skladu s sporazumom o kreditiranju za pomoč.
Exelon Generation Company, LLC (Exelon) and British Energy Investment Ltd. have been soliciting proposals for their respective interests in AmerGen with respect to a sale of AmerGen.
Družba Exelon Generation Company, LLC („Exelon“) in družba British Energy Investment Ltd. sta zbirali predloge za svoje deleže v družbi AmerGen v zvezi s prodajo družbe AmerGen.
On 22 December 2003, BE shareholders approved the disposal to Exelon Generation Company LLC of BE’s 50 % interest in Amergen.
decembra 2003 so delničarji družbe BE odobrili prodajo deleža 50 % družbe BE v družbi Amergen družbi Exelon Generation Company LLC.
BE received approximately USD 277 million in cash.
Družba BE je prejela približno 277 milijonov USD v denarju.
Measure G: local tax deferrals
Ukrep G: lokalni odlogi plačila davkov
A number of local authorities have agreed to defer without interest the payment of business rates owed to them by BE.
Številni lokalni organi so pristali na brezobrestni odlog plačila davkov od dohodka iz dejavnosti, ki jim jih dolguje družba BE.
According to the information forwarded by the UK authorities, these authorities are:
Po podatkih, ki so jih posredovali organi Združenega kraljestva, so ti organi:
Lancaster City Council, in respect of the Heysham plant, for GBP 1775240,
Mestni svet Lancaster za elektrarno Heysham, za 1775240 GBP;
Shepway District Council, in respect of the Dungeness plant, for GBP 578524,
Okrajni svet Shepway za elektrarno Dungeness, za 578524 GBP;
Hartlepool Borough Council, in respect of the Hartlepool plant, for GBP 447508,
Okrožni svet Hartlepool za elektrarno Hartlepool, za 447508 GBP;
North Ayrshire Council, in respect of the Hunterston plant, for GBP 735947,
Okrožni svet North Ayrshire za elektrarno Hunterston, za 735947 GBP;
East Lothian Council, in respect of the Torness plant, for GBP 765986.
Okrožni svet East Lothian za elektrarno Torness, za 765986 GBP.
In total, as much as GBP 4303205 in rates payments were postponed from November 2002 to February 2003.
Skupaj so bila z novembra 2002 na februar 2003 prenesena obročna plačila 4303205 GBP.
As to Measure G the rates were paid by BE in full in February 2003 and interest of GBP 65656,24 for late payment was paid on 7 October 2003.
Obroke iz ukrepa G je družba BE v celoti plačala februarja 2003, zamudne obresti 65656,24 GBP pa so bile plačane 7. oktobra 2003.
The interest rate calculation is based on the Commission reference rates for the United Kingdom of 6,01 % up to 31 December 2002 and 5,42 % thereafter.
Izračun obrestne mere temelji na referenčnih obrestnih merah Komisije za Združeno kraljestvo 6,01 % do 31. decembra 2002 in 5,42 % po tem datumu.
Financial implications of the restructuring package
Finančne posledice paketa pomoči za prestrukturiranje
Before presenting the effect of the restructuring plan on the viability of BE, the UK authorities described the economics of nuclear generation.
Pred predstavitvijo učinkov načrta za prestrukturiranje na sposobnost preživetja družbe BE so organi Združenega kraljestva opisali gospodarnost jedrske proizvodnje.
In assessing the economics of BE’s generation activities the notification distinguishes between the avoidable costs and non-avoidable costs of running BE’s stations.
Pri ocenjevanju gospodarnosti proizvodnih dejavnosti družbe BE razlikuje prijava med izogibnimi in neizogibnimi stroški vodenja elektrarn družbe BE.
Nuclear plants are characterised by very high non-avoidable costs and comparatively low avoidable costs, in particular short run marginal costs.
Za jedrske elektrarne so značilni zelo visoki neizogibni stroški in sorazmerno nizki izogibni stroški, še zlasti kratkoročni mejni stroški.
According to the UK authorities, since the decision to generate is motivated by the level of avoidable costs and in view of the fact that nuclear plants have the lowest short run marginal costs, running nuclear plants is economically rational.
Organi Združenega kraljestva menijo, ker odločitev za proizvodnjo utemeljuje višina izogibnih stroškov in glede na dejstva, da imajo jedrske elektrarne najnižje kratkoročne mejne stroške, da je vodenje jedrskih elektrarn gospodarsko razumno.
The UK authorities then argue that if BE’s restructuring succeeds, the firm will not structurally be loss-making.
Organi Združenega kraljestva dokazujejo, da družba BE strukturno ne bo poslovala z izgubo, če prestrukturiranje družbe BE uspe.
According to the UK authorities, the plan is able to address the issues at the origin of BE’s difficulties and lead to long-term viability.
Organi Združenega kraljestva menijo, da lahko načrt reši vprašanja, ki so izvor težav družbe BE, in prinese dolgoročno sposobnost družbe.
In particular, it will improve BE’s trading strategy to try to offset its unhedged position, relieve BE of some of its very high fixed costs in taking over historic nuclear liabilities and enable it to build sufficient cash reserves to secure its activities.
Izboljšal bo še zlasti strategijo trgovanja družbe BE, da poskusi pokriti njen nezavarovan položaj, olajšati breme nekaterih njenih zelo visokih fiksnih stroškov s prevzemanjem preteklih jedrskih obveznosti in jo usposobiti za oblikovanje zadostnih denarnih rezerv za zavarovanje njenih dejavnosti.
The objective of BE’s restructuring plan is to restructure BE’s costs and liabilities and to put in place a stable capital structure in order for BE to continue to operate in the long term as a financially viable entity.
Cilj načrta za prestrukturiranje družbe BE je prestrukturirati stroške in obveznosti družbe BE ter vzpostaviti stabilno kapitalsko strukturo, da družba BE še naprej deluje dolgoročno kot finančno sposoben subjekt.
In order for BE to be considered financially viable, the UK Government has assumed that, over a period of time, the company must be profitable, with positive cash flow and able to finance its activities on an ongoing basis.
Da se družba BE upošteva kot finančno sposobna, je vlada Združenega kraljestva sklepala, da mora družba, v določenem časovnem obdobju, postati dobičkonosna, s pozitivnim denarnim tokom in sposobna stalno financirati svoje dejavnosti.
The following components of the restructuring plan were developed in order to achieve the objective of financial viability:
Da se doseže cilj finančne sposobnosti, so se razvile naslednje sestavine načrta za prestrukturiranje:
the sale of BE’s interests in Bruce Power and AmerGen, in order to build up cash resources within the business, enhance robustness and reduce the scope of the business;
prodaja deležev družbe BE v družbi Bruce Power in v družbi AmerGen, da se ustvarijo finančna sredstva znotraj poslovanja, poveča trdnost in zmanjša obseg poslovanja;
reduction in BE’s ongoing cost base through commercial negotiations with existing significant creditors to compromise their historic claims, and enter into Standstill Agreements until the restructuring is effected, in exchange for a combination of new debt and new equity in BE following completion of the Restructuring;
zmanjšanje osnovnih stalnih stroškov družbe BE s poslovnimi pogajanji z obstoječimi pomembnimi upniki, da bi ti sprostili svoje pretekle zahtevke, in sklepanje dogovorov o odlogu plačil do začetka uveljavljanja prestrukturiranja, v zameno za kombinacijo novega dolga in novega lastniškega kapitala v družbi BE po zaključku prestrukturiranja;
the assumption of costs of certain nuclear liabilities by the UK Government; and the commercial renegotiation of front end and back end nuclear fuel contracts with BNFL; the new commercial arrangements with BNFL have also reduced BE’s exposure to adverse electricity price movements;
prevzem stroškov nekaterih jedrskih obveznosti s strani vlade Združenega kraljestva; in ponovna poslovna pogajanja o pogodbah z družbo BNFL o ravnanju z jedrskim gorivom od prediradiacijskega do postiradiacijskega dela cikla; novi poslovni dogovori z družbo BNFL so zmanjšali tudi izpostavljenost družbe BE škodljivim gibanjem cen električne energije;
implementation of a new trading strategy to reduce BE’s exposure to electricity wholesale market volume and price risk.
izvajanje nove strategije trgovanja za zmanjšanje izpostavljenosti družbe BE obsegu in tržnim tveganjem na trgu z električno energijo na debelo.
According to the UK authorities, the restructuring plan has been developed to take account of a key requirement of financial viability, namely the ability of the company to finance its activities.
Organi Združenega kraljestva menijo, da se je načrt za prestrukturiranje razvil, da bi upošteval ključno zahtevo finančne sposobnosti, in sicer sposobnost družbe, da financira svoje dejavnosti.
Since the company would expect to face difficulty in obtaining financing from the bank or bond markets, particularly considering the relatively small number of lenders prepared to provide financing to a nuclear generating company, the restructuring plan has to be considered as an alternative to seeking external financing.
Ker bi imela družba težave pri iskanju financiranja s strani bank ali obvezniških trgov, zlasti ob upoštevanju dejstva, da bi bilo relativno malo posojilodajalcev, pripravljenih zagotoviti financiranje družbe, ki proizvaja jedrsko energijo, je treba načrt za prestrukturiranje upoštevati kot drugačno možnost zunanjemu financiranju.
It foresees the creation and build-up of cash reserves.
Predvideva oblikovanje in kopičenje denarnih rezerv.
These cash reserves would be designed to enable the company to enter into electricity trading contracts requiring collateral cover and to sustain cash shortfalls without the need to rely on external funding.
Te denarne rezerve se oblikujejo, da bi družbi omogočile sklepanje pogodb o trgovanju z električno energijo, ki zahtevajo dodatno zavarovanje, in pokrile denarne primanjkljaje brez potrebe po iskanju zunanjega financiranja.
Accordingly, the restructuring plan envisages the creation of two reserves: a cash collateral reserve and an outage and liquidity reserve.
V skladu s tem predvideva načrt za prestrukturiranje oblikovanje dveh rezerv: rezervo za dodatno zavarovanje denarja ter rezervo za izpade in likvidnost.
Although two separate pools of reserves have been identified, it is intended that these reserves will be fungible giving the ability to call on the outage and liquidity reserve to meet additional collateral requirements and vice-versa.
Čeprav sta navedeni dve ločeni skupini rezerv, se razume, da bosta ti rezervi delovali z možnostjo uporabiti rezervo za izpade in likvidnost za pokrivanje potreb po dodatnem zavarovanju in obratno.
This is to provide additional robustness for BE.
To je namenjeno zagotavljanju dodatne trdnosti družbe BE.
BE has undertaken several actions to improve its cash position through:
Družba BE se je zavezala, da bo izvedla več ukrepov za izboljšanje svojega denarnega položaja:
reducing the impact of seasonality by managing payment profiles where possible;
zmanjšanje vpliva sezone z urejanjem plačilnih profilov, kjer je to mogoče;
further cost saving initiatives;
nadaljnje pobude za zmanjšanje stroškov;
securitising direct sales receivables.
zamenjava terjatev iz neposredne prodaje v vrednostne papirje.
In addition BE went through a business planning process which resulted in updated financial projections and has conducted a detailed review of issues surrounding the performance of its plant.
Razen tega se je v družbi BE izvedel postopek poslovnega načrtovanja, ki je prinesel posodobljene finančne napovedi in natančen pregled vprašanj v zvezi z delovanjem njenih elektrarn.
In the period ending 31 March 2004, the cash reserves were built up through two sources of funds: the Standstill Agreements (Measure C) and asset disposals (Measure F), after repayment of the liabilities outstanding under the rescue aid Credit Facility Agreement.
V obdobju do 31. marca 2004 so se denarne rezerve oblikovale iz dveh virov sredstev: dogovori o odlogu plačil (ukrep C) in prodaja premoženja (ukrep F), po odplačilu obveznosti, ostalih po sporazumu o kreditiranju za pomoč.
The UK authorities have developed three financial scenarios to take into account the variables to which BE’s financial position is particularly sensitive: generation output and electricity prices.
Organi Združenega kraljestva so razvili tri finančne scenarije za upoštevanje spremenljivk, na katere je finančni položaj družbe BE najbolj občutljiv: proizvodnja energije in cen elektrike.
The financial projections were reviewed by Deloitte & Touche in its capacity as economic and energy market consultants to the UK Government.
Finančne napovedi je pregledalo podjetje Deloitte & Touche kot svetovalec vlade Združenega kraljestva za gospodarstvo in energetski trg.
Output and capex assumptions incorporated in the business planning cases have been reviewed by WS Atkins in its capacity as technical adviser to BE and Citigroup and by Stone & Webster Management Consultants, Inc. in its capacity as technical adviser to the UK Government.
Predpostavke o proizvodnji in naložbah v osnovna sredstva, vključene v primere za poslovno načrtovanje, je pregledalo podjetje WS Atkins kot tehnični svetovalec družb BE in Citigroup ter podjetje Stone & Webster Management Consultants, Inc. kot tehnični svetovalec vlade Združenega kraljestva.
The review has taken account of three main changes since the original notification in March 2003, namely the level of electricity prices, the Performance Improvement Programme (PIP) aimed at improving the nuclear plant reliability and the trading collateral.
Pregled je upošteval tri glavne spremembe, nastale od prve prijave marca 2003, in sicer raven cen električne energije, program za izboljšanje učinkovitosti, namenjen izboljšanju zanesljivosti jedrske elektrarne, in kritje za trgovanje.
Electricity prices have evolved significantly in recent months.
Cene električne energije so se v zadnjih mesecih znatno razvile.
According to the UK authorities, electricity prices are currently above GBP 28/MWh compared to GBP 16,4/MWh in March 2003.
Organi Združenega kraljestva menijo, da so sedanje cene električne energije več kot 28 GBP/MWh v primerjavi s 16,4 GBP/MWh marca 2003.
The key drivers of changes in electricity price forecasts are the movement in underlying fuel prices (coal, gas, oil), the carbon pricing introduced by the European Emissions Trading scheme and the capacity reserve margins.
Ključni povzročitelji sprememb cen električne energije so gibanja cen goriva (premog, plin, nafta), oblikovanje cene ogljika, ki jih uvaja evropski program trgovanja z emisijami, in stopnje rezerv zmogljivosti.
BE’s nuclear fleet has historically been less performant than its international peers.
Elektrarne družbe BE so bile v preteklosti manj učinkovite od mednarodnih vrstnic.
The oldest plants have suffered from underinvestment and all plants have major potential for improvement and high short-term risk of outages.
Najstarejše elektrarne so utrpele posledice nezadostnega vlaganja ter vse elektrarne imajo velik potencial za izboljšave in visoko kratkoročno tveganje izpadov.
BE has therefore developed recovery plans for the plants.
Družba BE je zato razvila načrte za obnovo elektrarn.
The benefits from PIP should derive from cultural and organisational change and increased investment in capital and staff.
Koristi programa za izboljšanje učinkovitosti bi morale izhajati iz kulturnih in organizacijskih sprememb ter povečanih vlaganj v kapital in osebje.
It should result, over time, in reductions in plant unreliability and increased output.
To bi moralo sčasoma pripeljati do zmanjšanja nezanesljivosti elektrarn in do povečane proizvodnje.
BE has also taken into account the recent significant increase in collateral requirements resulting from the market price increases.
Družba BE je prav tako upoštevala zadnja znatna povečanja potreb po dodatnem zavarovanju zaradi povišanja cen na trgu.
In order to determine the impact on BE’s financial position of alternative assumptions for generation output and electricity prices, BE has considered one upside and one downside sensitivity which all take into account the evolution of electricity prices, the benefits of the PIP and estimated collateral projections:
Da se določi vpliv drugih predpostavk za proizvodnjo energije in cene elektrike na finančni položaj družbe BE, je družba BE upoštevala eno občutljivost navzgor in eno navzdol, ki upoštevata razvoj cen električne energije, koristi programa za izboljšanje učinkovitosti in ocenjene napovedi dodatnega zavarovanja:
the ‘upside case’ which is the basis for BE’s budget for the year and is used to set performance targets; It is broadly equivalent to the ‘upside case’ described in the decision to initiate proceedings;
„primer naraščanja“, ki je osnova letnega proračuna družbe BE in se uporablja za določitev ciljev učinkovitosti; v splošnem je enak „primeru naraščanja“, opisanem v sklepu za začetek postopka;
the ‘relisting case’ which is the basis for disclosure in public statements and in the prospectus to be issued on listing; it is to be seen as a ‘bank case’.
„primer ponovnega vstopa“, ki je osnova za razkritje stališč v javnosti in v prospektu, ki se objavi ob ponovnem vstopu; razume se kot „bančni primer“.
The ‘relisting case’ prices are derived from the forward curve using a market model which incorporates BE’s views on fuel costs and carbon pricing;
Cene za „primer ponovnega vstopa“ se izpeljejo iz krivulje terminskih cen po tržnem modelu, ki vključuje mnenja družbe BE o stroških goriva in oblikovanju cen ogljika;
the ‘reasonable worst case’ (RWC) which is equivalent to the downside case and takes into account uncertainties regarding prices and output; the RWC prices are based on a price curve developed by BE.
„razumni najslabši primer“, ki je enak primeru padanja in upošteva negotovosti v zvezi s cenami in proizvodnjo; cene za razumni najslabši primer temeljijo na krivulji cen, ki jo je razvila družba BE.
The UK Government has taken as basis for testing the viability of BE the headroom numbers of the company.
Vlada Združenega kraljestva je kot osnovo za testiranje sposobnosti družbe BE vzela uradne podatke družbe.
They have come to the following estimates for the period 2005-2010:
Pripravili so naslednje ocene za obdobje od 2005 do 2010:
Headroom figures
Uradne številke
Relisting case/Bank case
Primer ponovnega vstopa/bančni primer
Liquidity reserve
Likvidnostna rezerva
Impact of seasonality and receivables facility
Vpliv sezone in terjatvene možnosti
Headroom post seasonibility
Uradne številke po sezoni
Cumulative impact of cash, output and collateral vulnerabilities [14]
[14]Skupni vpliv pomanjkljivosti denarja, proizvodnje in zavarovanja
Headroom post vulnerabilities
Uradne številke za pomanjkljivostmi
Cumulative impact of management actions on cash and collaterals
Skupni vpliv ukrepov upravljanja na denar in zavarovanja
Headroom post management actions
Uradne številke po ukrepih upravljanja
RWC/Downside Case
Razumni najslabši primer/primer padanja
Liquidity Reserve
Likvidnostna rezerva
Headroom post seasonality
Uradne številke po sezoni
Cumulative impact of management actions on cash and collateral
Skupni vpliv ukrepov upravljanja na denar in zavarovanja
The UK authorities have also provided an estimated profit and loss account for the period 2005/2009 relating to the re-listing case.
Organi Združenega kraljestva so pripravile tudi oceno bilance uspeha za obdobje 2005/2009 v zvezi s primerom ponovnega vpisa.
Profit and loss account in the relisting case
Bilanca uspeha v primeru ponovnega vpisa
Source: BE.
Vir: družba BE.
Note: The figures for 2004/2005 have been prepared on a pro-forma basis (i.e. to make comparability easier, for accounting purposes the fuel costs and revalorisation numbers reflect the new fuel contracts, even though technically these will not be in place until the restructuring effective date).
Opomba: Številke za leti 2004/05 so bile pripravljene na osnovi proforme (tj. za lažjo primerjavo, za namene obračunavanja stroškov goriva in revaloziracijskih številk odražajo nove pogodbe o gorivu, čeprav te tehnično ne bodo vzpostavljene do datuma uveljavitve prestrukturiranja).
5-year forecast period
Predvidevanja za 5 let
Profit and loss account
Bilanca uspeha
Nuclear output TWh
Jedrska proizvodnja TWh
Generation sales
Proizvodna prodaja
Miscellaneous sales
Razna prodaja
Total income
Skupni prihodki
Operating costs
Obratovalni stroški
Fuel costs
Stroški goriva
Staff costs
Stroški za zaposlene
Materials and services
Materiali in storitve
Capital expensed to P/L
Kapital, porabljen za dobiček/izgubo
Depreciation and amortisation
Depreciacija in amortizacija
Total operating costs
Skupni obratovalni stroški
Operating profit/(loss)
Dobiček/(izguba) iz poslovanja
Contributions from new business activities (PBIT):
Prispevki iz novih poslovnih dejavnosti (PBIT):
AmerGen (before revalorisation)
AmerGen (pred reval.)
Profit before finance charges and tax
Dobiček pred finančnimi dajatvami in obdavčitvijo
Finance charges
Finančne dajatve
Revalorisation (net)
Revalorizacija (neto)
Net interest and other finance charges
Neto obresti in druge finančne dajatve
Total finance charges
Skupne finančne dajatve
Profit before tax
Dobiček pred obdavčitvijo