natgillin/translations-raw huggingface dataset:
It has identified considerable risks to BNFL in the event of BE’s insolvency in particular due to the fact that BE had large undocumented intercompany loan balances between different BE group companies and that BNFL’s contractual arrangements with BE were in many ways unique and no clear precedent could be drawn from previous insolvencies.
Ocenjujejo, da bi plačilna nesposobnost družbe BE pomenila veliko tveganje za družbo BNFL še zlasti zaradi dejstva, da je imela družba BE veliko nedokumentiranih posojil med različnimi podjetji znotraj skupine podjetij družbe BE ter da so bili pogodbeni dogovori družbe BNFL z družbo BE na več načinov edinstveni in iz prejšnjih plačilnih nesposobnosti ni bilo mogoče dobiti jasnega precedenčnega primera.
Besides, as the only creditor that benefited from security on BE’s nuclear power plants, the UK Government would have had a central role in the outcome of insolvency.
Razen tega bi imela vlada Združenega kraljestva, kot edini upnik, ki bi imel korist od varnosti jedrskih elektrarn družbe BE, osrednjo vlogo v izidu plačilne nesposobnosti.
However BNFL was not granted any insights into the UK Government’s likely approach during any insolvency proceedings.
Vseeno družba BNFL ni imela nobenega vpogleda v to, kakšen pristop bi najverjetneje uporabila vlada Združenega kraljestva med kakršnimi koli postopki plačilne nesposobnosti.
While BNFL’s role as a key supplier to BE might be expected to have placed it in a strong negotiating position in any insolvency, its ability to make a credible threat to stop providing goods and services to BE was undermined by a number of factors.
Medtem, ko bi lahko družbi BNFL vloga ključnega dobavitelja družbe BE dala močno pogajalsko izhodišče v vseh primerih plačilne nesposobnosti družbe BE, je njeno možnost verodostojne grožnje, da bo prenehala dobavljati blago in storitve družbi BE, spodkopalo več dejavnikov.
In particular, BNFL notes that BNFL as BE’s largest single creditor would be the major financial loser if BE’s nuclear power stations were to shut down as a result of it exercising this threat.
Družba BNFL še zlasti ugotavlja, da bi bila družba BNFL kot edini veliki upnik družbe BE največji finančni poraženec, če bi uresničila svojo grožnjo in bi zaradi nje morala zapreti jedrske elektrarne družbe BE.
In addition, it is doubtful whether it could lawfully terminate the contracts and return to BE spent fuel and waste already received by it as this would not be permitted by UK nuclear safety legislation.
Razen tega pa je vprašljivo, ali bi lahko zakonito prekinila pogodbe ter družbi BE vrnila porabljeno gorivo in odpadke, ki jih je že prejela, ker tega ne dovoljuje zakonodaja za jedrsko varnost Združenega kraljestva.
Finally as a responsible nuclear services company, BNFL had to continue providing services to BE to the extent that not to do so would be unsafe or could even be perceived as being unsafe to third parties.
Končno je družba BNFL, kot odgovorno podjetje za jedrske storitve, morala še naprej zagotavljati storitve družbi BE, ker bi bilo to nevarno ali bi tretje osebe to celo lahko občutile kot nevarno, če tega ne bi storila.
BNFL’s analysis of BE insolvency focused on three possible outcomes namely the closure of BE’s nuclear plants leading to a minimal recovery, BNFL taking ownership of BE’s nuclear plants meaning that it would assume all nuclear liabilities of BE, which is highly risky and unattractive, and the UK Government taking ownership and asking the existing creditors to accept very substantial write-downs.
Analiza plačilne nesposobnosti družbe BE s strani družbe BNFL se je osredotočila na tri možne izide, in sicer zaprtje jedrskih elektrarn družbe BE, kar bi pomenilo najmanjše povračilo, družba BNFL bi prevzela lastništvo nad jedrskimi elektrarnami družbe BE, s čimer bi prevzela vse njene jedrske obveznosti, kar je zelo tvegano in neprivlačno, ter vlada Združenega kraljestva bi prevzela lastništvo in prosila obstoječe upnike, da sprejmejo znatne odpise.
Consequently, the proposed solvent restructuring appeared to be more commercially attractive since it reduced BNFL exposure to BE and offered a higher and more certain revenue stream for BNFL than insolvency.
Zato je bilo predlagano prestrukturiranje plačilne sposobnosti videti poslovno privlačnejše, ker bi zmanjšalo izpostavljenost družbe BNFL družbi BE ter zagotovilo višji in zanesljivejši dotok prihodkov družbi BNFL kot plačilna nesposobnost.
BNFL is therefore deemed to have acted in the same way as any other private creditor.
Družba BNFL je zato ravnala enako, kot ravna kateri koli zasebni upnik.
Comparison with the positions of other creditors
Primerjava s položaji drugih upnikov
Finally, BNFL compared the return of other major creditors in aggregate to its own return to ensure that the terms did offer BNFL a reasonable deal.
Končno je družba BNFL primerjala svoj skupni donos z donosom drugih glavnih upnikov, da bi se prepričala, ali ji pogoji resnično zagotavljajo sprejemljivo kupčijo.
In order to protect its position further, BNFL also secured the inclusion of a clause in the Final Term Sheet allowing the withdrawal of the suggested concessions in the event that any other material creditor was offered more favourable terms than BNFL.
Da bi še bolj zaščitila svoj položaj, je družba BNFL zahtevala, da se v dokončni nezavezujoči dogovor vključi klavzula, ki omogoča umik predlaganih koncesij, če bi kateri koli drug materialni upnik dobil ugodnejše pogoje kot družba BNFL.
Rothschild updated its analysis once the detailed terms that BE was agreeing with other major creditors were established and it confirmed that BNFL’s arrangements actually appeared to be no worse than other major creditors.
Podjetje Rothschild je, potem ko so bili izdelani pogoji, o katerih se je družba BE dogovarjala z drugimi glavnimi upniki, posodobilo svojo analizo in potrdilo, da dogovori družbe BNFL dejansko niso bili prav nič slabši kot pogoji drugih glavnih upnikov.
Furthermore, none of the revised contractual arrangements will come into effect unless and until the restructuring is completed.
Ob tem revidirani pogodbeni dogovori ne bodo začeli veljati, če prestrukturiranje ne bo izvedeno in dokler ne bo dokončano.
The standstill arrangements agreed between BNFL and BE
Dogovori o odlogu plačil med družbama BNFL in BE
As regards Measure C, BNFL submits that, with the help of Rothschild, it checked that it did not concede more in the way of debt standstill than other significant creditors.
V zvezi z ukrepom C trdi družba BNFL, da so s pomočjo podjetja Rothschild preverili, da v zvezi z odlogom plačil dolgov niso dovolili več kot drugi pomembni upniki.
When BNFL became aware that other creditors were obtaining more favourable terms than BNFL under the standstill arrangements (albeit that BNFL’s position was not directly comparable with BE’s other major creditors), it considered whether it should seek renegotiation and ask for interest.
Ko je družba BNFL ugotovila, da so drugi upniki v skladu z dogovori za odlog plačil pridobili ugodnejše pogoje kot družba BNFL (čeprav položaj družbe BNFL ni bil neposredno primerljiv z drugimi glavnimi upniki družbe BE), je upoštevala, ali bi zahtevala ponovna pogajanja in obresti.
It concluded that it was unlikely that BE could pay interest to BNFL and generate sufficient surplus cash during the standstill period to allow the solvent restructuring to proceed.
Zaključila je, da družba BE verjetno ne bi mogla plačevati obresti družbi BNFL in v obdobju odloga ustvariti dovolj gotovinskega presežka, ki bi omogočal nadaljevanje prestrukturiranja plačilne sposobnosti.
In addition despite its position under the standstill arrangements, BNFL would achieve better overall recovery if a solvent restructuring were to go ahead.
Razen tega bi družba BNFL kljub svojemu položaju v skladu z dogovorom za odlog plačil dobila boljše splošno povračilo, če bi se prestrukturiranje plačilne sposobnosti nadaljevalo.
The relation between BNFL and the UK Government
Odnos med družbo BNFL in vlado Združenega kraljestva
BNFL submits that its decision to enter into the arrangements with BE was an autonomous decision of BNFL and was not at the direction of the UK Government.
BNFL trdi, da je bila odločitev za dogovor z družbo BE samostojna odločitev družbe BNFL in je ni narekovala vlada Združenega kraljestva.
The fact that BNFL is a publicly owned company does not suffice to consider that BNFL’s decisions are imputable to the UK Government.
Dejstvo, da je družba BNFL podjetje v javni lasti, še ne pomeni, da se odločitve družbe BNFL pripisujejo vladi Združenega kraljestva.
Although the UK Government is BNFL’s sole shareholder, BNFL is autonomous from the UK Government in relation to its day-to-day commercial business and is required to operate on a commercial basis.
Čeprav je vlada Združenega kraljestva edini delničar družbe BNFL, je družba BNFL neodvisna od vlade Združenega kraljestva v zvezi s svojimi dnevnimi poslovnimi dejavnostmi in se od nje zahteva, da deluje na podlagi tržnih zakonitosti.
BNFL submits its legal status as an underlying document.
Družba BNFL navaja svoje pravno stanje kot temeljni dokument.
BNFL adds that throughout its negotiations with BE, BNFL kept its shareholder (the DTI) informed of its discussions with BE.
Družba BNFL dodaja, da je ves čas pogajanj z družbo BE obveščala svojega delničarja (DTI) o pogovorih z BE.
It describes that as a typical commercial situation where a company has a controlling shareholder.
To opisuje kot tipično poslovno situacijo, v kateri ima podjetje večinskega delničarja.
The DTI indicated to BNFL that it would only approve (under BNFL’s corporate government arrangements with the DTI) revised arrangements with BE that were on a commercial basis for BNFL.
Podjetje DTI je družbi BNFL navedlo, da bodo odobrili le (v skladu z vladnimi dogovori družbe BNFL s podjetjem DTI) revidirane dogovore z družbo BE, ki so nastali na podlagi tržnih zakonitosti.
Greenpeace Limited is the UK arm of Greenpeace International, two of the main activities of which are campaigning to end the use of nuclear power and promoting the use of clean and renewable energy resources in the United Kingdom.
Organizacija Greenpeace Limited je veja organizacije Greenpeace International v Združenem kraljestvu in njeni dve glavni dejavnosti sta prizadevanje za ukinitev uporabe jedrske energije in spodbujanje uporabe čistih, obnovljivih virov energije v Združenem kraljestvu.
Measure A
Ukrep A
Greenpeace submits that, in capping BE’s contributions to the funding of nuclear liabilities, Measure A constitutes unjustifiable operating aid to BE and/or BE’s shareholders as a means of enhancing BE’s attraction to investors on the market.
Organizacija Greenpeace trdi, da pomeni ukrep A z omejevanjem prispevkov družbe BE za financiranje jedrskih obveznosti neupravičeno operativno pomoč družbi BE in/ali njenim delničarjem kot način za vzpodbujanje večjega zanimanja vlagateljev za BE na trgu.
Measure B
Ukrep B
According to Greenpeace, Measures B and C constitute unjustifiable operating aid since they confer ongoing support by BNFL acting or deemed to be acting as the State or at the behest of the State in circumstances where:
Organizacija Greenpeace meni, da sta ukrepa B in C neupravičena operativna pomoč, ker zagotavljata stalno podporo, ki jo daje družba BNFL, ki deluje ali domnevno deluje kot država ali na ukaz države v razmerah, v katerih:
BNFL is an ailing undertaking which survives only with the benefit of State aid;
je družba BNFL podjetje v težavah, ki lahko preživi samo z državno pomočjo;
BNFL was party to tri-partite negotiations with the government and BE which led to the formulation of BE’s restructuring package immediately following BNFL’s own refusal to vary the terms of its contracts with BE; Greenpeace therefore asked the Commission to ask BNFL to produce copies of internal BNFL documents to see whether BNFL was privy to BE’s discussions with the UK Government;
je bila družba BNFL stranka v tristranskih pogajanjih z vlado in družbo BE, kar je vodilo v oblikovanje paketa prestrukturiranja s strani družbe BE, potem ko je družba BNFL zavrnila spremembo pogojev svojih pogodb z družbo BE; organizacija Greenpeace je zato prosila Komisijo, da od družbe BNFL zahteva predložitev kopij notranjih dokumentov, da bi videla, ali je bila družba BNFL seznanjena z pogovori družbe BE z vlado Združenega kraljestva;
the agreements are in any event lacking in genuine commercial character; according to Greenpeace, BNFL’s contracts with BE are not and were not commercial arrangements from the outset and look more like an artificial device designed to provide BNFL with a guaranteed income stream; the restructuring aid package continues to provide BNFL with this income stream;
dogovori niso povsem v skladu z resničnim tržnim značajem; organizacija Greenpeace meni, da pogodbe družbe BNFL z družbo BE že od začetka niso bile poslovni dogovori in so videti bolj kot umetno sredstvo, ki naj bi družbi BNFL zagotovilo zajamčen tok prihodkov; paket pomoči za prestrukturiranje družbi BNFL še naprej zagotavlja ta tok prihodkov;
the renegotiated pricing terms do not reflect the actual costs associated with the service provided but are linked to wholesale prices; since the advantage conferred by the contracts is ongoing and pursuant to an open-ended agreement, the aid involves long-term support for BE, not a one-off benefit designed to restore its viability; the benefit is therefore ‘operating’ and not ‘restructuring aid’ and cannot be compatible with the common market.
ponovno dogovorjena določila oblikovanja cen ne kažejo dejanskih stroškov, povezanih z dobavljeno storitvijo, ampak so vezani na veleprodajne cene; ker je prednost, dodeljena s pogodbami, stalna in v skladu z odprtim dogovorom, vključuje pomoč dolgoročno podporo za družbo BE in ne enkratno ugodnost, s katero se obnovi njena sposobnost preživetja; korist je zato „operativna“ in ne „pomoč za prestrukturiranje“ ter ne more biti združljiva s skupnim trgom.
Greenpeace supports all Commission doubts, and concludes that the aid is incompatible with the EC Treaty.
Organizacija Greenpeace podpira vse dvome Komisije in zaključuje, da je pomoč nezdružljiva s Pogodbo ES.
It stresses in particular that the restructuring aid would not only have an effect on the existing operators but would also deter competition from new entry because other incumbents and new entrants are prevented from exploiting their own efficiency.
Še zlasti poudarja, da bi pomoč za prestrukturiranje ne bi vplivala le na obstoječe dobavitelje, ampak bi tekmece tudi odvrnila od novega vstopa, ker drugi vršilci in novi udeleženci ne bi mogli izkoriščati lastne učinkovitosti.
Supporting nuclear energy operators would in addition be inconsistent with the Government declaration on diversity of energy sources including renewables.
Podpiranje dobaviteljev jedrske energije bi bilo razen tega neskladno z vladno deklaracijo o raznolikosti virov energije, vključno z obnovljivimi viri.
As far as the issue of overcapacity is concerned, Greenpeace is of the view that the ‘planning margin’ used by the National Grid for planning the need for future generation in order to maintain safe capacity is not the appropriate data to take into consideration for assessing whether there is overcapacity on the market.
Kar zadeva presežke, organizacija Greenpeace meni, da „načrtovana meja“ podjetja National Grid za načrtovanje potreb po proizvodnji v prihodnosti, ki bo zagotovila dovolj zmogljivosti, ni podatek, ki bi ga lahko upoštevali za ocenjevanje, ali so na trgu presežki.
According to Greenpeace, it is likely that significant structural overcapacity already exists in the relevant market and is set to increase.
Organizacija Greenpeace meni, da znatni strukturni presežki na upoštevanem trgu že obstajajo in bodo še rasli.
Greenpeace doubts that the closure of some of BE’s plants would be more expensive to the taxpayers since BE’s ability to contribute towards paying off its existing liabilities is doubtful.
Organizacija Greenpeace dvomi, da bi bilo zaprtje nekaterih elektrarn družbe BE dražje za davkoplačevalce, ker je zmožnost družbe BE, da bi prispevala k odplačevanju obstoječih obveznosti, dvomljiva.
Greenpeace adds that in the short term perspective there is no reason to believe that the United Kingdom would not be able to achieve its targets under the Kyoto Protocol.
Organizacija Greenpeace dodaja, da kratkoročno ni razloga, da Združeno kraljestvo ne bo moglo izpolnjevati ciljev Kjotskega protokola.
Greenpeace submits that according to reports commissioned by it, it is both practicable and safe to close down nuclear plants immediately or progressively.
Organizacija Greenpeace trdi, da je po njihovih poročilih praktično in varno zapreti jedrske elektrarne takoj ali postopno.
Greenpeace concludes that the option of partial or phased closure of BE’s plants may result in a more limited intensity of aid being required.
Organizacija Greenpeace zaključuje, da možnost delnega ali postopnega zaprtja elektrarn družbe BE lahko vodi k manjši intenzivnosti zahtev po pomoči.
Applicable Treaty
Veljavna pogodba
Greenpeace is of the opinion that the Euratom Treaty does not preclude any State aid analysis under the EC Treaty.
Organizacija Greenpeace meni, da Pogodba Euratom ne izključuje nobene analize državne pomoči v skladu s Pogodbo ES.
In the absence of sectoral rules applicable to aid to the nuclear industry in the Euratom Treaty, the general State aid provisions of the EC Treaty should therefore apply.
V odsotnosti sektorskih predpisov, ki veljajo za pomoč jedrski industriji v Pogodbi Euratom, morajo veljati splošni predpisi o državni pomoči iz Pogodbe ES.
Greenpeace quotes Joined Cases 188 and 190/80 France and others v Commission [17].
Organizacija Greenpeace navaja združena primera 188 in 190/80 Francija in drugi proti Komisiji [17].
Greenpeace further contends that the aid measures relate to matters which may be regulated by the Euratom Treaty, only to the extent that they relate to the safety of nuclear installations on the safety aspects of decommissioning.
Organizacija Greenpeace nadalje trdi, da veljajo ukrepi pomoči za zadeve, ki jih lahko ureja Pogodba Euratom, le do mere, do katere zadevajo varnost jedrskih objektov z vidika varnosti njihove razgradnje.
Greenpeace concludes that the measures in question are not necessary to achieve the stated objectives and that continuing operating aid of any sort cannot be considered necessary to preserve safety in circumstances where there exists a safe, viable option of a phased total or partial closure of BE’s plants.
Organizacija Greenpeace zaključuje, da zadevni ukrepi niso nujni za doseganje zastavljenih ciljev in da nadaljnja operativna pomoč kakršne koli vrste ni nujna za ohranjanje varnosti v razmerah, v katerih obstaja varna, življenjska možnost za postopno popolno ali delno zaprtje elektrarn družbe BE.
According to Greenpeace, the Commission ought to have regard to the Community guidelines on State aid for environmental protection [18].
Organizacija Greenpeace meni, da bi Komisija morala upoštevati smernice Skupnosti o državni pomoči za okoljevarstveno zaščito [18].
Powergen is one of the major actors in the electricity sector in England and Wales.
Družba Powergen je eden od glavnih udeležencev v sektorju za električno energijo v Angliji in Walesu.
It has a 11 % share of the generation capacity (BE has 14 %), and has significant supply business aimed at large industrial and commercial customers as well as SMEs and residential customers.
Njegov delež proizvodne zmogljivosti je 11 % (delež družbe BE je 14 %) in je pomemben dobavitelj, namenjen večinoma industrijskim in poslovnim uporabnikom ter tudi MSP in gospodinjstvom.
It is owned by E-ON.
Je v lasti koncerna E-ON.
Powergen is against the aid package.
Družba Powergen nasprotuje paketu pomoči.
It submits that the aid will allow BE to continue the operation of its nuclear plants that it would otherwise have closed.
Trdi, da bo pomoč jedrskim elektrarnam družbe BE, ki bi se drugače zaprle, omogočila nadaljnje obratovanje.
In this respect, Powergen disputes the UK authorities' view that the plants would be run in any event.
V tem smislu družba Powergen nasprotuje mnenju organov Združenega kraljestva, da bi jedrske elektrarne obratovale v vsakem primeru.
Powergen is afraid that the aid would allow BE to offer artificially low prices in order to gain market share in the supply to large customer business and to enter the supply to households business.
Družba Powergen se boji, da bi pomoč družbi BE omogočila ponudbo umetno nizkih cen, da bi pridobila tržni delež pri dobavi večjim uporabnikom in začela dobavljati gospodinjstvom.
BE may also be able to fund investments in non nuclear generation.
Podjetje BE lahko financira tudi naložbe v nejedrski proizvodnji.
Concerning compensatory measures, Powergen wishes to be consulted on any compensatory measure that would be put in place and suggest three possible ones:
V zvezi z izravnalnimi ukrepi se družba Powergen želi posvetovati o kakršnem koli zagotovljenem izravnalnem ukrepu in predlaga tri mogoče ukrepe:
Firstly, advancing the closure of the Dungeness B nuclear reactor to April 2004.
Prvič, pospešeno zapiranje jedrskega reaktorja Dungeness B do aprila 2004.
According to Powergen, if this advanced closure was made known sufficiently in advance, there would be time for the market to build up the corresponding capacity to keep sufficient margin.
Družba Powergen meni, da bo dovolj časa, da trg vzpostavi ustrezne zmogljivosti za ohranitev zadostne meje, če se pospešeno zapiranje pravočasno sporoči.
Secondly, ring-fencing the aid, by forbidding cross-subsidy between BE’s loss-making assets (the AGR plants) and other BE business, constituting BE’s generation and supply business into separate bodies with separate accountancy, and imposing specific controls on the use of cash by BE to ensure that it will not divert cash paid by the State to fund its nuclear liabilities to other uses.
Drugič, omejevanje pomoči, s prepovedjo navzkrižnega subvencioniranja med premoženjem družbe BE, ki posluje z izgubo (elektrarne PHR), in drugimi obrati družbe BE, ki sestavljajo proizvodnjo in dobavo družbe BE v ločene organe z ločenim računovodstvom, ter izvajanjem posebnega nadzora nad uporabo denarja s strani BE, da se zagotovi, da ne bo porabljala denarja, ki ga je država prispevala za financiranje svojih jedrskih obveznosti, za druge namene.
These measures should remain in place as long as the restructuring plan measures are in place.
Ti ukrepi morajo ostati zagotovljeni, dokler so zagotovljeni ukrepi načrta za prestrukturiranje.
Thirdly, preventing distortion of competition on the electricity retail market, by prohibiting BE from selling power below cost (the cost of acquiring the power from the wholesale market plus other sales related costs), imposing a cap on BE’s market share in its industrial and commercial supply business (a 20 % indicative cap is given), and prohibiting BE from entering new retail markets.
Tretjič, preprečevanje izkrivljanja konkurence na maloprodajnem trgu z električno energijo, s prepovedjo družbi BE, da prodaja energijo po ceni, nižji od stroškov (stroški nakupa energije na trgu na debelo plus drugi stroški, povezani s prodajo), določitvijo zgornje meje za tržni delež BE pri poslovni in industrijski dobavi (postavljena je okvirna meja 20 %), in prepovedjo družbi BE, da vstopa na nove maloprodajne trge.
These measures should remain in place as long as the restructuring plan measures are in place and there efficiency should be reviewed by the Commission after five years from implementation.
Ti ukrepi se morajo izvajati, dokler se izvajajo ukrepi načrta za prestrukturiranje, in njihova učinkovitost mora Komisija preveriti po 5 letih od začetka izvajanja.