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Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Lietuvos dujos AB to Establish Distribution System Operator Subsidiary by October 21, 2014


Monday, 28 May 2012 08:09am EDT 

Lietuvos dujos AB announced that its Board of Directors has approved the description of the methods for the unbundling of the Company’s gas transmission activity and control and gas distribution activity together with the unbundling action plans. The description provides that the Company’s natural gas transmission activity will be legally, functionally, and organizationally unbundled by establishing a new transmission system operator company by July 31, 2013 and that unbundling of control over the transmission activity will be implemented and the Company’s natural gas distribution activity will be legally, functionally, and organizationally unbundled by establishing a distribution system operator subsidiary by October 21, 2014. In accordance with the requirements of legal acts of the Republic of Lithuania, the Company will submit the description to the National Control Commission for Prices and Energy within the time limits established, May 31, 2012. 

Company Quote

0.659
-0.0080 -1.20%
17 Apr 2014