Spectator on facebook

Spectator on facebook

IN SHORT

SPP to unbundle transit and distribution July1

THE SLOVENSKÝ plynárenský priemysel (SPP) gas utility is preparing to separate its gas transit activities from its distribution wing as of July 1.

According to law, SPP is obliged to complete this "unbundling" by July 1, 2007, but instead the utility plans to meet the requirement one year early, SPP spokesperson Dana Kršáková said.

"We consider this a significant contribution towards liberalizing the energy sector in Slovakia," Kršáková said.

The requirement that SPP unbundle its operations flows from a European Commission directive. Its main aim is to open the gas network to other gas traders in a transparent manner. The EU directive was absorbed into Slovak legislation through the Energy Act.

Last October the cabinet approved a model for SPP's unbundling. According to the plan, SPP's distribution activities along with its gas distribution assets should be transferred to the SPP-Distribution company, while its transit activities will be run by SPP-Transit. The assets used for transit should remain with the parent company.

The unbundling process will be accompanied by restructuring at the company to make it more efficient, optimize work processes and decrease costs.

SPP is preparing compensation programmes for employees who lose their jobs due to the restructuring.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness