Methodology of Comparison 2013
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North Atlantic Energy Network January 2016
North Atlantic Energy Network January 2016 Orkustofnun (OS) - National Energy Authority of Iceland Norges Arktiske Universitet (UiT) - The Arctic University of Norway Energy Styrelsen - Danish Energy Agency Jarðfeingi - Faroese Earth and Energy Directorate Shetland Islands Council - Economic Development Service Greenland Innovation Centre 1 2 EXECUTIVE SUMMARY The aim of the North Atlantic Energy Network project was to investigate how isolated energy systems in the North Atlantic can be connected to Norway and Greenland to form an electrical grid in the North Atlantic. Representatives of Greenland, Iceland, Faroe Islands, Shetland and Norway met in Copenhagen in the end of February 2015 to formulate how to tackle this question. Each country documented its status regarding energy production and potentials in the fields of renewable energy and the technological aspects were investigated. Greenland has a big hydropower and solar energy potential, which is not known in detail. Further work is needed to map the potentials. Due to lack of infrastructure and experience a cable connection between Greenland and the neighbouring countries is not realistic in the nearest future. It is technically possible to connect all of the neighbouring countries around Iceland with subsea cables. Iceland now produces about 18 TWh of electricity per year and could have the potential to double the production from geothermal and hydropower alone. There are many unclear aspects that need to be investigated further to draw a full picture of the pros and cons of interconnectors from Iceland. The legal and regulatory framework must be in place before a project of this kind can be realized and extensive grid reinforcements are needed to support export through a cable at a single connection point in Iceland. -
PSI Energy EE High-Quality Control Technology for the Energy Market PSI Energy EE
PSI Energy EE High-Quality Control Technology For The Energy Market PSI Energy EE Contents PSI Energy EE - Partner in energy technology .........4 Our projects - our pride ..................................6 The Products PSIcontrol - The control system ..................................10 PSIcommand - Effective workforce management .................. 18 PSIpassage - Systems for deregulated energy markets ...........22 PSIxchange - Secure connection with company IT in PSIcontrol systems ...............................26 The Divisions - our references TSO - Applications for transmission networks ...........30 DSO - Control technology for regional distribution networks .................40 PSIcontrol-Multinet - Control technology for combined energies ...... 100 PSIcontrol - providing control technology for Industrial networks ............................126 PSIcontrol - Control systems for operating rail electrification networks ...........130 Imprint .................................................. 143 Cover photos: Left: © Netzgesellschaft Düsseldorf mbH Centre: © f1-online Right: © Siegfried Bellach / Pixelio 2 3 PSI Energy EE PSI Energy EE - Partner in energy technology In the PSI Energy EE business divi- sion, more than 230 engineers, physicists, developers and mathema- ticians design and implement inno- vative high quality solutions for the energy market. PSI Energy EE does not only work in Germany but also abroad. In accord- ance with the PSI Group‘s rules, PSI cooperates with selected partners in various countries: • Russia OOO PSI, Moscow • Poland PSI, Poznan • Southeast Asia PSI INCONTROL SDN. BHD., Kuala Lumpur, Malaysia and other companies. Colleagues from these companies support us and you over the whole system life cycle: from sales through implementation to maintenance. © f1-online 4 5 PSI Energy EE Our projects - our pride References in Germany PSI Energy EE has a well-known name Even today, there is plenty of room We are proud of our customers who in the energy industry. -
An Analysis of the Level of Qualitative Efficiency for the Equity Research Reports in the Italian Financial Market
http://ijba.sciedupress.com International Journal of Business Administration Vol. 9, No. 2; 2018 An Analysis of the Level of Qualitative Efficiency for the Equity Research Reports in the Italian Financial Market Paola Fandella1 1 Università Cattolica del Sacro Cuore, Italy Correspondence: Paola Fandella, Università Cattolica del Sacro Cuore, Italy. Received: January 15, 2018 Accepted: February 6, 2018 Online Published: February 8, 2018 doi:10.5430/ijba.v9n2p21 URL: https://doi.org/10.5430/ijba.v9n2p21 Abstract Corporate reports issued by various financial intermediaries play a major role in investment decisions. For this reason, it is particularly interesting to understand the accuracy of the forecasts, by carrying out an empirical analysis of the "equity research" system in Italy, identifying structural features, degree of reliability and incidence in the market. The choice of the analysis of the efficiency level information on the Italian market proposes to assess the interest of equity research of a niche market (339 listed companies in 2017) but with characteristics of potential growth such as having been acquired by LSEGroup in 2007, the 6th stock-exchange group at international level for the number of listed companies and the 4th for capitalization. The analysis was carried out on the reports issued on companies belonging to the Ftse Mib stock index during a period of 5 years. It aims to analyse the composition of the equity research system in Italy as well as the analysts' ability to properly evaluate the stocks' fair price, so as to test their degree of reliability and detect possible anomalies in recommendations to the investors. -
Annual Report 2020 Encevo
Annual Report Encevo S.A. We embrace energy transition GRI 102-16 Our vision We envision Encevo as leading and sustainable energy player in the Greater Region. In the rapidly changing energy landscape, we will ensure a secure access and competitive supply of energy, and actively shape the transition to a sustainable energy sector by embracing technology, deploying innovative solutions and partnering with local communities. Encevo people are empowered and strive for excellence. We mobilise all our forces to bring the energy of tomorrow to our customers. Encevo S.A. Registered as a société anonyme (public limited company) under Luxembourg law with a capital of EUR 90,962,900 (31.12.2020). Registered office: Esch-sur-Alzette Luxembourg Trade and Companies’ Register B11723. Annual General Meeting of 11th May 2021. Index 6 Interview: Claude Seywert & Marco Hoffmann 10 Group Structure 12 Management Reflections 20 Key Figures: Activity at a Glance 27 Encevo Sustainability Context and Management Approach 32 Stakeholder Engagement 41 Business Integrity: General Compliance 49 Indirect and Direct Economic Impacts 54 Product Impact 59 Employee Well-being 70 Resource Efficiency 74 About the Report 80 Governance Details 82 Management Report 92 Consolidated Annual Accounts 134 Extract of the Annual Accounts of Encevo S.A. Claude Seywert CEO Encevo S.A. Chairman of the Executive Committee Marco Hoffmann Chairman of the Board of Directors GRI 102-14 Staying the course towards a sustainable energy transition In a year largely marked by the crisis caused by the pandemic, Encevo Group maintained its operational excellence. The group and its entities stayed the course towards a sustainable energy transition. -
Of the Ftse-Mib Companies
DEPARTMENT OF BUSINESS AND MANAGEMENT DEPARTMENT OF ECONOMICS AND FINANCE MASTER’S DEGREE IN CORPORATE FINANCE INTERLOCKING DIRECTORATES IN ITALY: SOCIAL NETWORK ANALYSIS OF THE FTSE-MIB COMPANIES SUPERVISOR CANDIDATE Prof. Saverio Bozzolan Guido Biagio Sallemi SUPERVISOR Prof. Riccardo Tiscini ACADEMIC YEAR 2018-19 1 2 CONTENTS 1. Introduction ................................................................................................................................... 5 2. The interlocking literature ............................................................................................................ 9 2.1. Theory behind the interlocking directorates .......................................................................... 9 2.2. Relevant cases and findings in SNA Literature................................................................... 11 3. Methodological Section .............................................................................................................. 15 3.1. Social network Analysis ...................................................................................................... 15 3.2. Basic Graphs Taxonomy ..................................................................................................... 16 3.3. Vertex Degree and related metrics ...................................................................................... 19 3.4. Centrality measures ............................................................................................................. 20 3.5. Network Cohesion -
Comparison Methodology
COMPARISON METHODOLOGY Comparative Analysis of Sustainability Performance Convinced that a comparison of environmental, social and governance performance is of interest, not only to the Company itself, but also to its stakeholders, certain comparisons between Terna’s results and those of other companies are included in the 2015 Sustainability Report, as was the case in previous years. The comparative sustainability indicators regard the following themes: CO2 emissions, SF6 leakage incidence rate, hours of training per capita provided to employees and the turnover rate on termination of personnel. Listed below are the main criteria adopted in the analysis, as an introduction to the reading and interpretation of the comparisons of individual indicators in the Report: • three panels of companies were identified: the first was composed of the European transmission system operators and the major non-European operators in terms of kilometres of lines managed; the second, multi-sectoral in nature, is made up of large Italian companies (the 40 listed companies of the FTSE MIB at 31/12/2015); the third formed by the best international performers in the “Electric Utilities - ELC” sector (identified by the RobecoSAM sustainability rating agency and included in the Dow Jones Sustainability World Index of September 2015). The purpose of the three panels is to guarantee, also relative to the type of indicator reviewed, a comparison between companies with the same operational characteristics, an Italian comparison, and a comparison with top international performers in the same sector; • the companies considered from among those in the three panels were those which publicise the information necessary for comparisons either on their websites, through the Sustainability Report (even if not prepared following the GRI guidelines) or through other documentation (HSE Report, Financial Report, etc.). -
Summer Outlook Report 2012 and Winter Review 2011/2012
SUMMER OUTLOOK REPORT 2012 AND WINTER REVIEW 2011/2012 European Network of Transmission System Operators for Electricity An Overview of System Adequacy: Summer Outlook Report 2012 and Winter Review 2011/2012 ENTSO -E Avenue Cortenbergh 100 • 1000 Brussels • Belgium • Tel +32 2 7410950 • Fax +32 2 741 0951 • [email protected] • www.entsoe.eu SUMMER OUTLOOK REPORT 2012 AND WINTER REVIEW 2011/2012 European Network of Transmission System Operators for Electricity 1 INTRODUCTION ....................................................................................................... 3 2 EXECUTIVE SUMMARY ............................................................................................. 4 3 METHODOLOGY ...................................................................................................... 5 3.1 SOURCE OF INFORMATION AND METHODOLOGY ................................................................................... 5 3.2 AIMS AND METHODOLOGY ................................................................................................................ 7 4 WINTER REVIEW .................................................................................................... 10 5 SUMMER OUTLOOK ............................................................................................... 11 5.1 GENERAL OVERVIEW ...................................................................................................................... 11 5.2 INDIVIDUAL COUNTRY PERSPECTIVE ANALYSIS ................................................................................. -
Relazione Del Consiglio Di Amministrazione
Report on Corporate Governance and ownership structure pursuant to article 123 bis of Legislative Decree February 24, 1998 no. 58 as amended referring to the year ended December 31, 2020 MARCH 25, 2021 Buzzi Unicem SpA Registered Office: Casale Monferrato (AL) - via Luigi Buzzi n. 6 Share capital: euro 123,636,658.80 fully paid up Chamber of Commerce of Alessandria: 00930290044 Website: www.buzziunicem.com REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE Introduction This report contains the information on the corporate governance and ownership structure of Buzzi Unicem SpA (“Buzzi Unicem” or “Company”) pursuant to article 123 bis of Legislative Decree February 24, 1988 no. 58 as amended (hereinafter referred to as “TUF”), also in compliance with the Corporate Governance Code of listed companies approved in July 2018 by the Corporate Governance Committee and promoted by Borsa Italiana S.p.A, Ania, Assogestioni, Assonime and Confindustria (“Corporate Governance Code” or “Code”) to which Buzzi Unicem adheres under the terms reported in this report. The above Corporate Governance Code to which Buzzi Unicem adheres is available to the public on the Corporate Governance Committee’s website (https://www.borsaitaliana.it/comitato-corporate-governance/codice/codiceeng2018.en.pdf). During the 2021 financial year, the company will evaluate the implementation of the new Corporate Governance Code approved by the Corporate Governance Committee in January 2020, providing information on the subscription to the Code in the report on corporate governance to be published in 2022. Part I – General description of Buzzi Unicem SpA organizational structure Buzzi Unicem SpA’s organizational structure consists, currently, of the following main corporate bodies: - Shareholders’ meeting; - Board of directors; - Chairman of the board of directors; - two Managing Directors; - Statutory auditors’ committee. -
Introduction of “Split Payment” Regulations for RCC Service Invoices
Market Notice 11 August 2017 MN_61/2017 Introduction of “Split Payment” regulations for RCC service invoices For the attention of: Intermediaries Priority: High Re: Invoicing of RCC charges Dear Client, Please note that following the publication of the Ministry of Economy and Finance Decree of 13 July 2017 in Official Gazette No. 171 of 24 July 2017, which amends the implementing regulations for the splitting of payments for VAT purposes (Article 17-ter, Presidential Decree No. 633/1972) in invoices payable as of 1 July 2017, the RCC fees invoicing application for issuer companies included in the list of listed companies in the FTSE MIB Index published by the Ministry of Economy and Finance (link) must be adapted to the new provisions. The Monte Titoli application is currently in the process of modification and therefore data indicated in the invoicing documentation issued by intermediaries to the issuers concerned (see the list below) in the period 1 July - 10 August is not consistent with the instructions in the Decree. Pending the adaption of the application, and in order to avoid issuing incorrect documents, the invoice request function has been temporarily suspended exclusively for sums due from Issuers to which the aforementioned Decree applies. It should be recalled that the RCC application allows the recovery of sums in suspension without time limits. Monte Titoli shall promptly inform clients by means of Market Notice when the application has been adapted. 1 Market Notice 11 August 2017 MN_61/2017 We apologise for this temporary inconvenience. Our operating offices are available for any clarifications or operating requirements. -
Attending Utilities, Grid Operators, Retailers, Traders and Power Generators
ATTENDING UTILITIES, GRID OPERATORS, RETAILERS, TRADERS AND POWER GENERATORS A2A Energia S.p.A. (Italy) Aalborg Forsyning (Denmark) Adriaplin d.o.o. (Slovenia) AEMO (Australia) Affärsverken Elnät AB (Sweden) Affärsverken Elnät Karlskrona AB (Sweden) Agder Energi AS (Norway) Akdeniz Electricity Distribution Company (Turkey) Akdenizedaş (Turkey) Akmercan Gas Distribution C.O (Turkey) Aksa Electricity Distiribution (Turkey) Aksa Firat Electricity Distiribution (Turkey) Aksa Natural Gas (Turkey) Albanian Power Corporation (Albania) Allgäuer Überlandwerk (Germany) Alliander N.V. (Netherlands) Alperia Energy (Italy) Alpiq AG (Switzerland) Alpiq Blue Energy AG (Switzerland) Alpiq Deutschland GmbH (Germany) Anglian Water Services (United Kingdom) AO Mosoblgaz (Russian Federation) AOSB (Turkey) ARAS (Turkey) Arenya Energy (Turkey) Arsan Natural Gas Distribution Co. (Turkey) AS "Latvenergo" (Latvia) AS Sadales tikls (Latvia) ASM Terni SPA (Italy) Augstsprieguma Tikls (Latvia) Austrian Power Grid (Austria) Avacon Netz GmbH (Germany) aWATTar GmbH (Austria) Axpo Power AG (Switzerland) Axpo Solutions AG (Switzerland) AZERIŞIQ (Azerbaijan) Başkentgaz (Turkey) BASKİ (Turkey) Bayerngas Energy GmbH (Austria) BEOGAS a.d. (Serbia) Beogas Inzenjering doo (Serbia) BKK Nett AS (Norway) BKW Energie AG (Switzerland) Bogazici Elektrik Dagitim A.S (BEDAŞ) (Turkey) Bordeaux Métropole Energies (France) Brilliant Energy (United Kingdom) Bursagaz (Turkey) Butec Utility Services (Lebanon) Bratislavská vodárenská spoločnosť, a. s. (BVS) (Slovakia) Caruna (Finland) Çedaş -
Annual Report 2020
ANNUAL REPORT 2020 Creos Luxembourg S.A. Registered as a société anonyme (public limited company) under Luxembourg law with capital of EUR 198,851,260 Luxembourg Trade and Companies Register B 4513 Legal headquarters: 59-61, rue de Bouillon, L-1248 Luxembourg Annual General Meeting of 11th May 2021 Reports presented to the annual general meeting of shareholders by the Board of Directors and the independent auditor Reports and annual accounts for the 2020 financial year Table of contents 1. STRATEGY AND OUTLOOK 7 Interview: A year marked by resilience 8 Shareholder structure 14 Key figures 14 Mission 15 Corporate governance 16 Highlights 2020 18 SuperChargy report: Creos gives electro-mobility a boost 22 Human resources: A workforce and careers in constant evolution 28 Health and safety: Well-trained employees are our capital 30 2. ACTIVITY 33 Electricity 37 Evolution of the electricity grid 41 Evolution of the national load 42 Electricity consumption 44 Injections into the electricity network 46 Evolution of the peak and network demand 47 Network reliability 48 Natural gas 51 Evolution of the natural gas grid 54 Volume transported 56 Demand on the Luxemburgish market 56 Evolution of the network peak 58 Breakdown of flows per point of interconnection 58 Subsidiaries, equity interests and partnerships of Creos Luxembourg 61 3. MANAGEMENT REPORT OF THE BOARD AND ANNUAL ACCOUNTS 69 Management report of the Board 70 Annual accounts 76 Independent auditor's report 91 Strategy and outlook 7 1. Strategy and outlook “Our major role is to prepare the country for its energy revolution. In the future, we will have to strengthen our power lines even more and find an alternative for our natural gas networks. -
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, Conference Call
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance – decisions required 2.1 Way forward Central Settlement Entity Inf 3 Important points to highlight and decisions requested by TFs 3.1 Status extension projects and communication towards EC Dec 3.2 MRC OPSCOM Dec 3.3 MSD Dec 3.4 Procedures TF Inf 3.5 BMTF Dec 3.6 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Preparations for next TCG and MESC Inf 4.2 EC consultation on first light amendment of some relevant regulations incl.