natgillin/translations-raw huggingface dataset:
From its creation in 1946 to the entry into force of Directive 96/92/EC, EDF enjoyed a monopoly position in the French market with exclusive rights for the transmission, distribution, and import and export of electricity.
V zvezi z zneski, ki jih je treba izterjati, nastanejo obresti od datuma, ko so bili ti dani na voljo prejemnici, do dejanske izterjave.
However, EDF competed with other producers in other Member States already ahead of the entry into force of Directive 96/92/EC.
Obresti se izračunajo na podlagi obrestnoobrestnega računa v skladu s poglavjem V Uredbe (ES) št. 794/2004.
Moreover, free competition existed in related markets not subject to exclusive rights where EDF had already diversified its activities beyond its exclusive rights in both geographic and sectoral terms.
Člen 3
Effects on competition did therefore exist well before the liberalisation provided for by Directive 96/92/EC.
Izterjava pomoči, navedene v členu 1, se opravi takoj in učinkovito.
Electricity was the subject of significant, growing trade between Member States in which EDF was actively engaged.
Francoska republika zagotovi, da se ta sklep izvede v štirih mesecih po uradnem obvestilu o tem sklepu.
These exchanges, reinforced by the adoption of Council Directive 90/547/EEC [43], were taking place on the basis of commercial agreements between the various operators of the high-voltage electricity networks in the Member States.
Člen 4
In the European OECD member countries, electricity imports grew at an average annual rate of over 7 % between 1980 and 1990.
V dveh mesecih od obvestila o temu sklepu Francoska republika predloži Komisiji naslednje informacije:
Between 1981 and 1989, EDF multiplied the surplus on its balance of trade in electricity nine fold, achieving net exports of 42 TWh, representing 10 % of its total production.
skupni znesek (glavnica in obresti), ki ga je treba izterjati od upravičenca;
In 1985, EDF already exported 19 TWh to other Member States.
natančen opis sprejetih in načrtovanih ukrepov za uskladitev s tem sklepom;
Even before Directive 96/92/EC entered into force in February 1999, some Member States acted unilaterally to open up their electricity market.
dokumente, ki dokazujejo, da je bila prejemnica pozvana k vračilu pomoči.
In particular, the United Kingdom opened up its market completely for large industrial customers in 1990.
Francoska republika obvešča Komisijo o napredku glede sprejetih nacionalnih ukrepov za izvajanje tega sklepa, dokler ne bo pomoč iz člena 1 v celoti izterjana.
Sweden opened up its market completely in 1996, Finland began the process in 1995 and reached 100 % market opening in 1997, Germany completely opened up its market in 1998 and the Netherlands opened up its market completely for industrial customers in 1998.
Na zahtevo Komisije takoj predloži vse informacije o že sprejetih ali načrtovanih ukrepih za uskladitev s tem sklepom.
In those circumstances, even before the deadline set by the Directive for opening up the market to competition, State aid granted to enterprises enjoying a monopoly in a Member State that took an active part in intra-Union trade, as in the case of EDF, was likely to affect trade between Member States within the meaning of Article 107(1) of the Treaty.
Zagotovi tudi podrobne informacije o zneskih pomoči in obrestih, ki jih je upravičenec že povrnil.
The report also stressed that in 1997 EDF had ‘increased the number and size of its investments in Europe by extending its presence to Austria and Poland’ and had ‘exported over 70 TWh in Europe’.
Ta sklep je naslovljen na Francosko republiko.
These exports were delivered in competition with alternative suppliers in the markets concerned.
V Bruslju, 22. julija 2015
The 1997-2000 management contract, signed on 8 April 1997 between the French state and EDF, stipulated that EDF was to allocate some FRF 12-13 billion to its international investments, assigning priority to regions in Europe.
Za Komisijo
Between 2000 and 2002, EDF acquired one third of the capital of the German company EnBW, increased the production and distribution capacities of its United Kingdom subsidiary London Electricity, took direct control of the Italian enterprise Fenice and set up a partnership with Fiat for the purchase of Montedison (now Edison).
Članica Komisije
In 1997, SDS, a wholly owned subsidiary of EDF, brought together its activities associated with the provision of services to individual customers, businesses and local authorities.
Člena 87 in 88 Pogodbe ES sta od 1. decembra 2009 člen 107 in člen 108 Pogodbe o delovanju Evropske unije (PDEU).
SDS was active in waste treatment, street lighting and other energy-related services and generated turnover equivalent of EUR 685 million in 1998 as against EUR 650 million in 1997.
Določbe novih členov so vsebinsko povsem enake prejšnjima členoma.
In 2000, EDF established a partnership with Veolia Environnement via the company Dalkia, the European leader in energy services to businesses and local authorities.
V tem sklepu je treba sklicevanje na člena 107 in 108 PDEU razumeti kot sklicevanje na člen 87 oziroma člen 88 Pogodbe ES, kadar je to primerno.
Dalkia offers energy engineering and maintenance services, manages heating plants and technical services to do with the operation of buildings and operates district heating networks, combined heat and power schemes, and energy production and industrial fluid systems.
S PDEU so bile uvedene tudi nekatere terminološke spremembe, kot sta nadomestitvi izrazov „Skupnost“ z „Unija“ in „Sodišče prve stopnje“ s „Splošnim sodiščem“.
EDF has also developed its activities in the market for renewable energy sources.
V tem sklepu se uporablja terminologija PDEU.
In 1997, the holding company Chart, a wholly owned EDF subsidiary, brought together its activities in the renewables sector, e.g. geothermal energy and wind power.
UL C 280, 16.11.2002, str. 8.
Its contribution to consolidated turnover that year was EUR 70 million.
UL L 49, 22.2.2005, str. 9.
Lastly, as an electricity producer and distributor, EDF was and still is in competition with suppliers of other substitute energy sources such as coal, oil and gas, both in its domestic market and in international markets.
Sodba Splošnega sodišča z dne 15. decembra 2009 v zadevi EDF proti Komisiji, T-156/04-E, ZOdl.
It has thus increased its market share in comparison with its competitors who supply substitute energy sources such as oil or gas.
Sodba Komisija/EDF, C-124/10P, EU:C:2012:318.
In the steel industry, electric furnaces are in competition with gas and oil-fired furnaces.
UL C 186, 28.6.2013, str. 73.
It follows that a measure such as the one at issue is liable to distort competition with alternative suppliers, such as Gaz de France.
Odgovor francoskih organov z dne 23. decembra 2013, točki 71 in 72.
EDF thus occupied a prominent position in electricity trading between the Member States in 1997, whereas now the French electricity market is fully open and many European suppliers are present.
Posebno poročilo št. 1993 z dne 10. oktobra 1994 o koncesijah družbe EDF
It is therefore clear that, in 1997, EDF was already well established in certain markets in other Member States and that the aid resulting from the non-payment by EDF of corporation tax on some of the accounting provisions created free of tax for the renewal of the RAG inevitably affected competition between Member States.
Direktiva 96/92/ES Evropskega parlamenta in Sveta z dne 19. decembra 1996 o skupnih pravilih notranjega trga z električno energijo (UL L 27, 30.1.1997, str. 20).
The above considerations were detailed in the extension decision.
Uredba Sveta (ES) št. 659/1999 z dne 22. marca 1999 o določitvi podrobnih pravil za uporabo člena 108 Pogodbe o delovanju Evropske unije (UL L 83, 27.3.1999, str. 1).
Neither France nor EDF disputed in their comments that the aid was likely to affect trade between Member States.
Sodba Komisija/EDF, C-124/10P, EU:C:2012:318, točka 84.
Thus, since the four criteria set out in Article 107(1) TFEU are fulfilled, the non-payment by EDF of corporation tax on some of the accounting provisions created free of tax for the renewal of the high-voltage transmission network constitutes State aid.
„Does the 1997 recapitalisation of EDF by the French State meet the private investor test?“.
The compatibility of the aid with the internal market must now be assessed.
Podjemna pogodba med državo in družbo EDF za obdobje od 1997 do 2000, podpisana 8. aprila 1997
ASSESSMENT OF THE COMPATIBILITY OF THE AID WITH THE INTERNAL MARKET
Dopis ministra za gospodarstvo in finance ter ministra za industrijo, pošto in telekomunikacije predsedniku družbe EDF z dne 12. julija 1996 ter dopis ministra za gospodarstvo in finance, ministra, pristojnega za proračun, ter ministra za industrijo, pošto in telekomunikacije predsedniku družbe EDF z dne 22. aprila 1997.
Article 107(1) of the TFEU provides that aid fulfilling the criteria laid down therein is in principle incompatible with the internal market.
Dopis finančnega direktorja družbe EDF vodji službe za financiranja in deleže državne blagajne z dne 19. februarja 1997;
According to settled case-law, it is for the Member State to cite the reasons and evidence of any kind for which State aid is compatible with the internal market [44].
Obvestilo družbe EDF o analizi z dne 27. julija 1996 o donosu za delničarja, predložena senatu 15. septembra 1997.
In the present case, the French Republic has cited no reason nor provided any information in this regard.
Obrazložitev člena 45 osnutka zakona o različnih ekonomskih in finančnih naložbah, ki ga je sprejel svet ministrov 5. aprila 1997;
The exceptions laid down in Article 107(2) of the TFEU are not applicable in the case in point because of the nature of the aid since it does not pursue the objectives listed in that paragraph.
Poročilo odbora za finance, splošno gospodarstvo in načrtovanje, ki ga je pripravila nacionalna skupščina in predstavil poslanec Didier MIGAUD, z dne 10. septembra 1997 o osnutku zakona št. 201 o nujnih davčnih in finančnih ukrepih;
Nor does the aid in question fulfil the conditions laid down for exceptions in Article 107(3)(a) and (c) of the TFEU in respect of aid intended to promote the economic development of certain regions, particularly since it corresponds to operating aid.
Poročilo senatorja Alaina Lamberta o osnutku zakona o nujnih davčnih in finančnih ukrepih, predstavljenih 24. septembra 1997;
It is not conditional on investments or on job creation as envisaged in the Guidelines on regional State aid [45].
Govor ministra za gospodarstvo, finance in industrijo za predstavitev osnutka zakona MUFF pred senatom 2. oktobra 1997.
Article 107(3)(c) of the TFEU also allows an exception to be made for aid to facilitate the development of certain economic activities, where such aid does not adversely affect trading conditions to an extent contrary to the common interest.
Poslovna skrivnost.
The aid measure under examination does not qualify for this exception.
Pogodba vsebuje sklic na Direktivo 96/92/ES.
The derogation from the applicable tax law, granted for the benefit of a single enterprise, cannot be regarded as being intended to facilitate the development of an activity.
Navedena direktiva podobno kot tiste, ki so jo nasledile, ne določa pravil v zvezi s članskim statusom proizvajalcev, transporterjev ali distributerjev električne energije na notranjem trgu.
Its sole purpose is to assist an enterprise by reducing its operating costs.
spremembe v zvezi s ponovnim prenosom niso med učinki navedenega člena v strogem pomenu, temveč njegova logična posledica.
As regards the exceptions allowed by Article 107(3)(b) and (d) of the TFEU, the aid measure under examination is not intended to promote the execution of a project of common interest, remedy a serious disturbance in the French economy or promote culture and heritage conservation.
Donosnost za državo delničarko je mogoče pojasniti z nizko osnovo od kapitalskih injekcij v višini 36 milijard FRF (imenovalec deleža) in visokimi računovodskimi rezervacijami.
The compatibility criteria set out in Article 107(2) and (3) of the TFEU are therefore not met.
Po njihovem obračunu je postal letni čisti poslovni izid družbe EDF leta 1996 negativen.
Furthermore, as regards compensation for public service costs, the French authorities have not cited Article 106(2) of the TFEU in defence of the tax concession, but they have stressed the fact that EDF performs public service tasks.
Negativen ponovni prenos iz izkaza poslovnega izida se je izražal tako, da so se porabila lastna sredstva v bilanci, določena na 24,2 milijarde FRF (glej preglednico 2, stolpec „Konec 1996“, iz katere je razvidno, kako so bila lastna sredstva družbe EDF pred spremembo, uvedeno s členom 4 zakona št. 97-1026, zmanjšana za negativen ponovni prenos 20,2 milijarde FRF).
They have not, however, provided any assessment of the cost incurred by EDF in carrying out those tasks.
Ker od negativnega ponovnega prenosa ni bil odtegnjen davek, je bila donosnost za državo kot delničarko zelo pozitivna, vendar na račun države kot pobiralke davkov.
The Commission cannot therefore determine whether or not the tax concession in question compensates for any additional cost linked to the public service tasks entrusted to it.
Sodba Komisija/EDF, C-124/10P, EU:C:2012:318, točka 82.
In any event, if the non-payment of the tax must be qualified as compensation for the provision of a service of general economic interest, it has not been established that such compensation was determined in advance in accordance with transparent and objective criteria and calculated by reference to the costs of an efficient undertaking.
Sodba Komisija/EDF, C-124/10P, UE:C:2012:318, točka 83.
It is consequently not possible in the case in point to examine whether the conditions set out in the judgment in Altmark [46] for escaping the application of Article 107(1) of the TFEU, and the criteria for qualifying for the exception allowed by Article 106(2) of the TFEU, which, moreover, the French authorities do not cite, are fulfilled.
Sodba Komisija/EDF, C-124/10P, EU:C:2012:318, točka 104.
In the light of the foregoing considerations, it appears that the aid under examination constitutes operating aid which has had the effect of strengthening EDF's competitive position in relation to its competitors.
Sodba Komisija/EDF, C-124/10P, EU:C:2012:318, točka 86.
In those circumstances, it would be incompatible with the internal market.
Sodba Komisija/EDF, C-124/10P, EU:C:2012:318, točka 95.
The Commission also considers that, contrary to what is claimed by the French authorities, the rule on limitation periods does not apply in the case in point.
Študija Oxera, točke 3.3 ter 3.24 in 3.25
Admittedly, EDF created the accounting provisions free of tax between 1987 and 1996.
Študija Oxera, preglednica A2.2
However, it should be pointed out, firstly, that corrections to accounting errors, which by their very nature relate to the posting of past transactions, should according to the National Accountancy Council be posted in the accounts for the financial year in which they are discovered and, secondly, that the Act providing that the grantor rights were to be reclassified as capital contributions without being subject to corporation tax dates from 10 November 1997.
Študija Oxera, točka 3.3.
The tax concession therefore dates from 1997 and any new aid paid on that date is therefore not time-barred because the first Commission instrument concerning this measure dates from 10 July 2001.
Študija Oxera, točke 3.3, 3.15, preglednica 3.2, preglednica 3.8 za beta vrednost in Priloga 5.
Furthermore, under Article 15 of Regulation (EC) No 659/1999, legal proceedings suspend the period of limitation.
Študija Oxera, točke 3.5, 3.13 in od 3.20 do 3.23.
CONCLUSIONS
Letno povprečje francoske dnevne stopnje referenčne vrednosti posojila za obdobje od 30 do 10 let, vir Banque de France:
The Commission finds that France has unlawfully implemented the aid in question in breach of Article 108(3) of the TFEU.
Taux de référence des bons du Trésor et OAT (Referenčna stopnja blagajniških zapisov in zamenljivih državnih obveznic), http://www.banque-france.fr/economie-et-statistiques/changes-et-taux).
The Commission considers that the exemption from corporation tax in the amount of FRF 5882849762 relating to the reclassification as a capital contribution, provided for by Act No 97-1026, of accounting provisions for the renewal of the high-voltage transmission network, already implemented to the tune of FRF 14119065335, constitutes aid that is illegal and incompatible with the internal market.
Upoštevnost izračuna donosnosti skupnih osnovnih lastnih sredstev podjetja glede na same glavnice, vložene kot kapitalske injekcije, potrjuje dejstvo, da je bil donos za državo, izračunan v odstotku (37,5 %) čistega poslovnega izida, v pogodbi med državo in družbo za obdobje od 2001 do 2003 umeščen v razpon od najmanjše (1,5 %) do največje (4,5 %) osnove od lastnih sredstev.
Under Article 108(2) of the TFEU, when the Commission has found that aid is incompatible with the internal market, it is competent to oblige the Member State concerned to abolish or alter it.
Odgovor francoskih organov z dne 23. decembra 2013, točka 53.
According to Article 14 of Regulation (EC) No 659/1999 ‘where negative decisions are taken in cases of unlawful aid, the Commission shall decide that the Member State concerned shall take all necessary measures to recover the aid from the beneficiary (hereinafter referred to as a “recovery decision”).
Letno poročilo družbe EDF 1997, str. 103.
The Commission shall not require recovery of the aid if this would be contrary to a general principle of Community law’.
S členom 2 odločbe z dne 16. decembra 2003 (C(2003)4637 final) (UL L 49, 22.2.2005, str. 9), se je Komisija odločila, da ne bo ugovarjala zoper reformo sheme pokojnin, ki se uporablja za sektor industrije električne energije in plinarn ter ki velja za družbo EDF.
The Commission's objective in requiring the Member State concerned to recover the aid incompatible with the internal market is to restore the previously existing situation [47].
Učinek navedene reforme je bil ta, da so se v splošno shemo socialnega varstva prenesli pokojninski stroški in obveznosti iz posebne sheme za osebje družbe EDF in drugih podjetij, vključenih v to shemo.
In this context, the Court of Justice has established that that objective is attained once the recipient has repaid the amounts granted by way of unlawful aid, thus forfeiting the advantage it enjoyed over its competitors.
Model DDM predstavlja vrednost podjetja na podlagi (zadnje) izplačane dividende (Dt), stopnje rasti dividend (ɗD) in ciljnega donosa, ali oportunitetnih stroškov kapitala (K) v skladu s formulo Vr = Dt (1 + ɗD) /(K – ɗD).
In this way, the situation prior to payment of the aid is restored [48].
Model DDM je uporabljen tudi v študiji podjetja Oxera, ki jo je naročila družba EDF (točke od 3.27 do 3.31, preglednica 3.4), vendar z drugačnimi vrednostmi, ki so v nekaterih primerih zelo nerealistične.
In the present case, it appears that no general principle of EU law would run counter to the recovery of the unlawful aid found to exist.
V študiji Oxera je ugotovljena letna stopnja rasti dividend 9,3 %.
In particular, neither France nor the interested parties presented any arguments to that effect.
Stopnje rasti dividende so torej v stalnem izračunu, kakršen je ta na podlagi modela DDM, povezane z rastjo podjetja.
For the purposes of recovery, the French authorities must also add to the amount of the aid the recovery interest due from the date on which the incompatible aid was made available to the undertaking, i.e. the date on which the corporation tax in respect of tax year 1997 became payable, until it is actually recovered [49], in accordance with Chapter V of Commission Regulation (EC) No 794/2004 [50].
Negativna neto sedanja vrednost za posamezno obrestno mero (diskontiranje – financiranje) kaže, da naložba po tej obrestni meri ni donosna.
In the context of France's obligation of loyal cooperation within the framework of the recovery procedure, this amount will have to be established more precisely during the procedure, on the basis of information to be supplied by the French authorities, and which will take account, inter alia, of the exchange rates between the ECU/EUR and the French franc (FRF) that may apply to the instalments of corporation tax paid by EDF during 1997 and of the reimbursement to EDF of the aid following the annulment of the first negative decision in 2009.
Notranja stopnja donosa (pozitivna „IRR“) kaže na veljavno obrestno mero, po kateri pričakovani finančni tokovi poplačajo naložbo.
In the present case, interest is not due for the period during which the aid was no longer at the disposal of the undertaking, namely the period between the actual recovery of the aid by France and the repayment to EDF.
Predpostavka, da bi dividenda družbe EDF zrasla za 4,51 % (občutljivost 1, preglednica 6.2), se zdi optimistična;
Any interest paid by France to EDF will nevertheless have to be taken into account.
dobljena je z izravnavo rasti, predvidene za štiri napovedana leta od 1997 do 2000.
The French authorities must recover the above amount within four months from the date of notification of this Decision.
Pri predpostavki (občutljivost 2, preglednica 6.3), da bo delničar dodal – ali kupec plačal – (delež) nepravega lastniškega kapitala družbe EDF, kakor je bil ocenjen leta 1997 glede na objektivno vrednost družbe EDF, kakor je bila izračunana, se ne upošteva regulativna narava nekaterih lastnih sredstev (rezerve).
In accordance with settled case-law, in the event that a Member State encounters unforeseen and unforeseeable difficulties or perceives consequences overlooked by the Commission, it may submit those problems for consideration by the Commission, together with proposals for suitable amendments.
Ta predpostavka v povezavi z modelom DDM je tudi optimistična, ker je enakovredna temu, da bi se delničarju (11-odstotni delež) dodelil nepravi lastniški kapital (brez vpisanega kapitala), ki bi podjetju omogočal absorpcijo morebitnih izgub, delničarju pa dolgoročno redno zagotovljene in izplačane dividende.
In such a case, the Commission and the Member State concerned must work together in good faith with a view to overcoming the difficulties while fully observing the provisions [51] of the TFEU.
Navedena predpostavka vključuje predpostavko, da bi bil nepravi lastniški kapital družbe EDF, določen med letoma 1997 in 2000, vedno na voljo, model DDM pa od virov donosa upošteva samo dividende.
The Commission therefore requests France to submit to it without delay any problems with which it would be faced in implementing this Decision,
Te predpostavke torej skoraj ni mogoče utemeljiti.
HAS ADOPTED THIS DECISION:
Če obe predpostavki združimo (občutljivost 3, preglednica 6.4), to še poudari njune pomanjkljivosti ali šibkosti, rezultati izračuna pa postanejo še manj verjetni in bolj tvegani.
Article 1
Sodbe Gezamenlijke Steenkolenmijnen/Visoka oblast, 30/59, EU:C:1961:2;
The exemption from corporation tax in favour of Électricité de France for an amount of 5882849762 French francs, relating to the reclassification as capital of the provisions corresponding to the value of the assets in kind allocated under concession to the high-voltage transmission network, constitutes State aid within the meaning of Article 107(1) of the TFEU.
Sodba Banco de Crédito Industrial C-387/92, EU:C:1994:100;
The aid mentioned in paragraph 1, unlawfully granted by the French Republic, is incompatible with the internal market.
Glej zlasti sodbo Ladbroke/Komisija, T-67/94, EU:T:1998:7, točka 109.
Article 2
Direktiva Sveta 90/547/EGS z dne 29. oktobra 1990 o tranzitu električne energije po prenosnih omrežjih (UL, posebna izdaja v slovenščini, poglavje 12, zvezek 1, str. 147).
The French Republic is required to recover from the beneficiary the equivalent in euro of the aid referred to in Article 1.
Zadeva Italija/Komisija, C-364/90, EU:C:1993:157, točka 20.
The sums to be recovered shall bear interest from the date on which they were placed at the disposal of the beneficiary until that of their actual recovery.
Smernice o državnih regionalnih pomočeh (UL C 209, 23.7.2013, str.