commiss decis decemb state aid grant franc edf electr ga industri notifi document number french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite regard comment procedur letter date juli commiss invit french author provid inform measur favour electricité de franc edf possibl involv state aid juli june letter exchang commiss french author technic meet held septemb letter date octob commiss inform french author relat decis edf propos french author measur pursuant articl treati withdraw unlimit state guarante enjoi edf commit virtu public enterpris statu preclud applic legisl administr compulsori liquid firm difficulti commiss initi formal investig articl treati advantag result payment edf corpor tax due restructur balanc sheet account provis creat free tax renew high voltag transmiss network rag issu injunct requir french author suppli inform need order examin tax concess context formal investig procedur comment submit commiss letter date decemb french author maintain state aid involv public enterpris statu refus implement propos measur deni edf receiv tax concess technic meet held februari commiss french author discuss issu tax concess april french author refus implement propos measur pursuant articl council regul ec march lai detail rule applic articl ec treati commiss decid initi formal investig procedur provid articl treati respect unlimit state guarante edf enjoi account fact declar bankrupt letter date june french author commiss comment context formal investig procedur letter date novemb supplement letter date novemb decemb french author notifi commiss reform pension scheme electr ga industri transmit text legisl provis convert edf commerci enterpris govern ordinari law state reform includ bill letter date decemb french govern confirm lai parliament legisl convert edf public enterpris entiti govern ordinari law chang legal statu enter forc januari novemb technic meet held commiss french author repres edf discuss issu tax concess receiv edf french author provid addit inform question letter date novemb ii descript measur issu unlimit state guarante edf produc transmit distribut electr franc largest group european energi market relat market group present china egypt argentina brazil mexico unit state edf gener turnov eur billion group million custom premis franc million rest europ largest european subsidiari energi sector edf energi unit kingdom enbw germani edf stake european compani edf set act april form public enterpris franc legal person govern public law categori public enterpris fall subject ordinari law administr compulsori liquid firm difficulti inapplic insolv bankruptci proceed legal person govern public law deriv gener principl unseiz asset public entiti recognis french case law end centuri reform pension scheme electr ga industri french author notifi commiss reform pension scheme electr ga industri exist pension scheme electr ga industri special arrang separ gener social secur scheme pai system fund employe contribut balanc contribut paid enterpris sector calcul proport wage bill intend balanc year scheme pension liabil scheme cover entir sector administ joint depart attach edf gaz de franc gdf reform notifi french author involv creation nationwid joint social secur bodi nation fund electr ga industri cnieg independ edf gdf legal person bodi govern privat law cover social secur code employe employ electr ga industri requir join fund econom standpoint reform distinguish type entitl quot basic quot right pension benefit paid ordinari pension scheme gener social secur scheme compulsori supplementari scheme return ordinari contribut paid discharg oblig specif right scheme electr ga industri benefit paid gener scheme compulsori supplementari scheme specif right correspond differ benefit paid special scheme electr ga industri basic right basic right basic right concern reform involv affili special scheme electr ga industri gener scheme nation pension fund employe cnav compulsori supplementari scheme gener associ pension institut manageri staff agirc associ supplementari pension scheme arrco scheme pai worker sector pension benefit basic right return payment enterpris sector ordinari contribut discharg oblig social secur bodi determin technic arrang affili view ensur financi neutral transfere scheme affili effect thing depend indic method depend ratio method french social secur bodi previou affili letter date decemb french author state quot french author undertak ensur agreement conclud electr ga industri gener scheme transfere scheme measur context financi neutral parti state quot specif right specif right concern reform treat past futur specif right differ futur specif right acquir employe sector reform remain respons enterpris condit increas line evolut wage bill past specif right acquir date reform employe assign electr ga transport distribut activ longer financ enterpris sector tariff base contribut contribut base final consum compon stand charg electr ga network directli imput independ energi consum collect entiti invoic electr ga distribut servic final consum directli fulli alloc pension fund electr ga industri past specif right acquir date reform employe assign activ electr ga transport distribut continu financ enterpris sector date reform financ specif pension right definit apport enterpris sector basi criteria wage bill enterpris concern length servic employe cover arrang electr ga industri part notifi reform state guarante payment pension benefit past specif right guarante resort grant nation fund electr ga industri enterpris call failur enterpris duli establish prior activ inter compani solidar mechan ceil advantag result payment edf corpor tax account provis creat free tax renew high voltag transmiss network ground high voltag transmiss network rag entrust concess contract edf chang account practic classifi asset alloc rag balanc sheet item quot asset concess quot edf appli asset special account rule establish franc asset concess return state end concess period creat tax free provis renew rag act novemb establish edf deem own rag account provis creat arrang asset concess superflu edf account type provis creat free tax renew rag provis amount frf billion grantor right renew oper carri amount frf billion provis superflu french author reorganis edf balanc sheet mean act ministeri decis act novemb provid quot januari asset kind alloc concess rag appear liabil edf balanc sheet enter net revalu differ item quot capit inject quot quot share provis grantor right reclassifi capit inject subject corpor tax annex letter address edf decemb minist econom affair financ industri secretari state budget secretari state industri hereinaft letter minist econom affair explain restructur upper part edf balanc sheet pursuant articl act novemb quot reclassif quot grantor right quot frf consolid capit inject asset kind alloc concess rag amount frf amalgam revalu differ rag frf million depreci fix asset frf million item quot revalu differ rag quot increas frf million frf million amalgam statutori provis revalu depreci fix asset frf million item increas frf million frf million reclassif replac provis unwarr frf surplu carri forward accord nation account council opinion june account quot annex letter minist econom affair set tax implic reorganis edf balanc sheet net asset variat observ result reclassif unus replac provis amount frf billion surplu carri forward subject corpor tax rate applic unus provis amount frf billion correctli tax french author share provis grantor right tax accord act novemb letter minist econom affair revalu differ transfer item quot asset quot incur tax correspond revalu surplus realis free tax tax neutral arrang pursuant revalu act reorganis edf balanc sheet french author nation account council opinion june account method estim tax option correct error hereinaft nation account council opinion state correct account error natur relat post past transact quot post account financi year discov quot injunct octob commiss request french author document inform data assess compat aid measur full copi confidenti report issu french court auditor edf french author confin commun extract report ground extract commiss investig quot court auditor quot special report edf name individu busi secret commiss note document forward heavili censor stress member state commiss assess relev document context investig exist busi secret constitut valid ground refus transmit document commiss commiss requir treat confid inform class busi secret accord articl regul ec refus member state provid document request commiss entitl decis exclus basi inform iii comment interest parti letter date januari nation associ independ thermal electr produc snpiet submit comment commiss context formal investig procedur initi respect payment edf corpor tax account provis creat free tax renew rag snpiet alleg edf compli oper normal practic industri commerci enterpris contrari provis act april iv comment french author context formal investig procedur french author submit comment commiss context formal investig procedur unlimit state guarante french author submit comment commiss letter date june reiter supplement argument set letter decemb letter decemb french author disput classif state guarante aid develop case length basi argument act juli period penalti payment impos administr proceed complianc judgment legal person govern public law public enterpris respons settl debt asset insuffici fund creat resourc reduc fund alloc expenditur increas revenu public enterpris fail act supervisori author serv formal notic public enterpris compli supervisori author issu mandatori payment order expenditur question releas resourc french author state place public enterpris order pai debt order expenditur public enterpris fail act commiss public enterpris statu constitut aid favour credit term enabl enterpris obtain commiss demonstr special statu enjoi public enterpris enabl edf obtain real advantag link loan financi oblig enter commiss carri assess prerog constraint public enterpris confin highlight privileg public enterpris subject statutori constraint principl specialis ban arbitr claus disadvantag relat commerci enterpris commiss account public servic oblig incumb edf found implicit state guarante event order ensur continu public servic commiss decis depriv articl treati effect ran counter principl equal treatment treat public enterpris commerci enterpris oper compar condit letter date june french author ad point set state resourc consid commiss interpret act juli incorrect stress legal instrument court decis provid sanction exist automat guarante benefit edf public enterpris gener reiter act juli object effect transfer burden debt state emphasis public entiti franc face extrem financi difficulti financi solut found state intervent view fact public supervisori author empow increas resourc public entiti financi difficulti suffic demonstr exist state guarante resort state resourc mean articl treati regard grant select advantag french author claim select natur aid measur examin proven argu arrang establish act juli form part gener scheme system deriv gener principl unseiz asset public entiti french law view commiss demonstr enjoi discretionari power assess appropri issu mandatori payment order sum monei due payment court decis behalf public entiti french author disput commiss claim virtu statu public enterpris edf enjoi unlimit state guarante constitut aid mean articl treati payment edf corpor tax account provis creat free tax renew high voltag transmiss network french author submit comment commiss letter date decemb disput classif state aid payment corpor tax account provis creat free tax renew high voltag transmiss network rag french author disput amount provis renew rag advanc commiss argu edf set provis renew rag liabl payment corpor tax carryov larg tax loss state owner edf grantor concess rag consid grantor right provid genuin enforc claim balanc sheet restructur assign right edf capit reserv order correct undercapitalis subject corpor tax french author view restructur edf account interpret capit inject amount equival partial tax exempt deni remuner state unduli reduc result creation provis question argu net result higher remuner state increas period level remuner correspond predetermin percentag edf net result determin freeli state absolut term necessarili depend edf financi situat remuner deduct net profit year view forego loss carri edf french author stress state fact dividend consider excess level allow ordinari law commerci enterpris french author consid creation provis renew rag result advantag advantag regard cancel increas corpor tax paid claim period edf paid state corpor tax paid commerci enterpris creat provis renew rag paid sharehold dividend equal net result tax french author argu edf found benefit undu advantag constitut exist aid aid account expiri ten year limit period laid articl regul ec began run date initi aid grant commiss request inform made juli aid grant time bar legisl measur adopt suspend limit period action commiss effect french author argu final measur constitut exist aid event grant prior liberalis electr market letter date novemb french author reiter argument revalu differ includ amount grantor right appear account applic limit rule claim rate corpor tax appli edf balanc sheet restructur rate rate restructur carri basi tax return lodg decemb closur account account finalis french author disput commiss claim edf benefit advantag account payment corpor tax provis creat free tax renew high voltag transmiss network observ french author comment interest parti snpiet comment forward french author letter date januari letter date februari french author react comment state point made snpiet declar inadmiss concern formal investig procedur initi snpiet brought fact procedur commiss attent observ make respons snpiet comment assess exist state aid articl treati quot aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market quot determin measur constitut state aid mean articl treati commiss appli criteria measur imput state state resourc confer advantag undertak sector distort competit affect trade member state commiss reiter point made decis propos measur open formal investig decis prejudic applic complianc rule treati establish european atom energi commun unlimit state guarante state resourc edf public enterpris statu set act april nationalis electr ga public entiti edf subject ordinari law collect proceed point commiss notic applic articl ec treati state aid form guarante hereinaft notic state aid form guarante state quot commiss aid form guarante favour fund term obtain enterpris legal form rule bankruptci insolv proceed explicit state guarante coverag loss state quot exist state aid establish instanc commiss take view fact edf subject administr compulsori liquid proceed declar bankrupt equival gener guarante cover liabil guarante subject remuner rule market guarante unlimit scope time amount constitut state aid accord notic state aid form guarante state aid exist mean articl treati payment made state guarante aid grant moment guarante place case point edf set public enterpris render exempt insolv bankruptci proceed unlimit state guarante grant edf confer act decis propos measur decis open formal investig commiss class unlimit guarante enjoi edf exist aid articl regul ec aid exist prior entri forc treati respect member state constitut exist aid gener principl unseiz asset public entiti establish french case law late centuri edf statu date back contrari french author claim special procedur recoveri claim establish act juli compar act januari administr compulsori liquid enterpris act commerci enterpris longer honour debt subject administr measur put compulsori liquid asset seiz sold proce sale serv pai creditor practic asset worth liabil proce sale seldom suffici repai claim creditor commerci enterpris ordinari rule expos risk enterpris put compulsori liquid suspend payment procedur guarante creditor recov claim public enterpris hand put compulsori liquid asset unseiz sold order repai creditor debt public entiti paid accord special procedur establish act juli insuffici fund creat resourc public enterpris fail act supervisori author serv formal notic public enterpris compli supervisori author issu mandatori payment order expenditur question act implement decre rule state guarante resort supervisori author quot releas resourc reduc fund alloc expenditur unus increas resourc quot instrument rule possibl increas resourc state intervent come enterpris solut involv enterpris resourc creditor public enterpris expos risk claim fail paid enterpris declar bankrupt law guarante payment claim special administr procedur special procedur applic public enterpris compar compulsori liquid procedur applic commerci enterpris ordinari rule contrari act juli strengthen effect unlimit state guarante enjoi edf account fact declar bankrupt french legal theorist public entiti french law enjoi state guarante resort public entiti carri strateg activ essenti nation economi nation solidar state disregard fate face difficult financi situat involv state exercis decis control activ enterpris set price product likewis unpublish opinion french council state held quot state guarante enjoi public enterpris deriv absenc explicit legisl provis natur public enterpris quot word inapplic bankruptci insolv proceed public entiti corollari principl unseiz asset oblig state answer debt event default deriv principl contrari french author claim act juli select appli commerci enterpris statu public entiti constitut gener measur select advantag distort competit measur constitut state aid confer advantag specif beneficiari measur liabl directli indirectli favour sector enterpris product fall concept econom advantag state intervent favour public enterpris involv state aid carri abnorm circumst confer advantag enterpris question virtu statu edf declar bankrupt liabil give rise risk insolv edf borrow lower rate offer commerci enterpris govern ordinari rule subject administr compulsori liquid proceed credit term obtain enterpris vari risk insolv higher risk costli credit term offer enterpris edf rais fund issu bond request independ rate agenc regularli assess creditworthi rate assign enterpris determin amount remuner requir investor subscrib bond issu enterpris rate fall result increas risk insolv investor demand greater remuner bond issu cost hand enterpris subject ordinari law bankruptci enjoi unlimit state guarante present risk insolv enabl borrow favour term main rate agenc regard unlimit state guarante decis factor assess edf creditworthi june fitch rate assign edf long term debt rate aaa short term debt rate press releas stress rate reflect implicit state guarante cover edf debt current legal statu ad absenc guarante edf long term debt rate aa fitch rate confirm long term short term debt rate gave group intrins creditworthi rate aa unlimit state guarante enabl edf obtain assess risk insolv result simpl analysi intrins creditworthi part januari moodi downgrad outlook edf long term debt rate aaa quot stabl quot quot neg quot press releas agenc explain revis rate increas likelihood edf statu control structur chang medium term state edf lose current statu exempt ordinari law bankruptci long term debt rate lower notch unlimit state guarante enabl edf obtain favour credit term commerci enterpris state guarante edf enterpris activ electr market enjoi unlimit state guarante virtu statu advantag select edf competit commun oper market product distribut electr energi servic oper activ energi market compet electr court justic european commun consist held state aid strengthen posit enterpris relat enterpris compet intra commun trade distort competit unlimit state guarante confer edf advantag necessarili strengthen posit relat competitor distort competit mean articl treati reform pension scheme electr ga industri select advantag distort competit affili pension scheme electr ga industri gener scheme constitut advantag affili option open special pension scheme wish financi arrang valuat method timet affili financi neutral transfere scheme state case point technic arrang affili determin part ongo negoti electr ga industri transfere scheme french author formal undertaken letter date decemb quot ensur agreement conclud electr ga industri gener scheme transfere scheme measur context financi neutral parti state quot commiss take view provid undertak fulfil practic affili pension scheme electr ga industri gener scheme constitut advantag oper examin commiss stress french author notifi formal oper definit arrang affili line principl financi neutral light undertak french author commiss consid affili pension scheme electr ga industri gener scheme involv state aid provid affili financi neutral enterpris transfere scheme state hand notifi reform reliev enterpris electr ga industri payment pension liabil right acquir date reform employe assign electr ga transport distribut right financ mention tariff base contribut enterpris electr ga industri reliev payment pension benefit acquir past constitut advantag industri advantag confer electr ga industri grant area french economi industri direct competit oil coal industri select sector advantag french electr ga industri competit industri member state state aid strengthen posit industri relat industri compet intra commun trade distort competit payment enterpris electr ga industri past pension liabil constitut advantag french electr ga industri necessarili strengthen posit relat enterpris compet industri member state advantag distort competit mean articl treati state guarante grant nation fund electr ga industri cover payment pension specif right acquir past constitut guarante resort afford pension scheme electr ga industri enterpris state guarante benefit social secur institut oper pai basi financ compulsori contribut court justic consist held institut natur engag econom activ mean treati guarante grant institut constitut advantag caught articl treati state resourc reform pension scheme electr ga industri notifi french author involv state resourc cost liabil specif pension right acquir date reform employe assign electr ga transport distribut transfer nation fund electr ga industri financ tariff base contribut introduc french author chargeabl event contribut exist connect electr ga transport distribut network payment contribut compulsori introduc act determin chargeabl event arrang collect alloc proce rate contribut set joint order issu minist respons budget energi consult energi regulatori board case point state directli involv manag contribut collect entiti invoic electr ga distribut servic paid direct pension fund industri state determin condit collect proce resourc collect tariff base contribut constitut state resourc payment edf corpor tax account provis creat free tax renew high voltag transmiss network select advantag distort competit act novemb establish edf deem owner high voltag transmiss network rag ascertain act involv transfer ownership rag inform provid french author edf regard owner rag initi contractu condit date conclus base evid featur type concess contract french law special featur origin concess grant edf includ explicit retrocess claus procedur acquisit asset concern edf pai fee similar compens compulsori purchas procedur condit financ mainten extens rag edf expens commiss take view quot clarif quot ownership rag brought act novemb involv state aid examin act address tax implic quot clarif quot tax concess grant edf period edf creat tax free provis renew rag act declar edf deem owner rag provis superflu realloc item balanc sheet letter minist econom affair set tax implic restructur edf balanc sheet show unus provis renew rag subject french author corpor tax rate applic hand pursuant articl act novemb provis grantor right renew oper carri reclassifi capit inject amount frf billion subject corpor tax french author acknowledg transact illeg memorandum date april address director gener taxat commiss french author state quot grantor right respect rag repres unow debt unjustifi exempt tax incorpor capit quot quot reserv incorpor capit transfer enterpris liabil incorrectli post net asset account result posit variat net worth taxabl articl quot gener tax code note quot tax concess obtain edf estim frf billion quot equival eur million commiss point hand line nation account council opinion correct account error post account financi year discov hand unus provis amount frf billion creat free tax subject corpor tax rate commiss object reason rest provis creat free tax tax rate commiss take view grantor right tax time rate account provis creat free tax mean frf billion grantor right ad frf billion unus provis tax rate appli french author restructur edf balanc sheet pai corpor tax due restructur balanc sheet edf save eur million commiss consid aid paid frf billion time debt state enter balanc sheet item grantor right state waiv mean act novemb french author claim edf set provis renew rag liabl payment corpor tax carryov larg tax loss commiss dismiss argument irrelev tax concess date previou year note provis set tax loss carri gradual absorb amount tax payabl edf significantli higher french author view creation provis renew rag result advantag advantag regard cancel increas corpor tax paid commiss dismiss argument demonstr french author acknowledg memorandum date april unus replac provis correctli tax grantor right reclassifi capit inject subject corpor tax tax paid edf lower tax due french author claim restructur edf account regard capit inject amount equival partial tax exempt invest aid measur argu period edf paid state corpor tax paid commerci enterpris creat provis renew rag paid sharehold dividend equal net result tax commiss dismiss argument privat investor principl appli context pursuit econom activ context exercis regulatori power public author argument econom benefit deriv owner enterpris order justifi aid grant discretionari manner virtu prerog enjoi tax author relat enterpris member state act sharehold addit exercis power public author combin role state wield public power sharehold allow member state prerog public author benefit invest enterpris oper market open competit render commun rule state aid complet ineffect accord articl treati neutral system capit ownership fact remain public enterpris subject rule privat enterpris public privat enterpris longer grant equal treatment state prerog public power benefit enterpris sharehold french author claim rate corpor tax appli edf balanc sheet restructur rate rate state earlier commiss point nation account council consid correct account error post account financi year discov provis renew rag superflu act novemb reclassifi account financi year tax rate corpor tax applic year commiss note french author appli rate corpor tax share provis tax payment edf eur million tax constitut advantag group edf amount unpaid tax increas capit reserv rais financ advantag necessarili select payment corpor tax account provis constitut except tax treatment applic transact fact advantag grant edf specif legisl instrument act novemb proof uniqu overrid rule ordinari law edf unlimit state guarante advantag enjoi necessarili strengthen posit relat competitor distort competit mean articl treati state resourc concept aid embrac posit benefit subsidi intervent public author mitig charg includ budget undertak effect subsidi court consist held collect state tax collect equival consumpt state resourc collect full amount corpor tax due respect financi year deriv directli measur adopt state act novemb edf receiv state aid amount eur million form tax concess effect trade member state creation entri forc direct ec european parliament council decemb common rule intern market electr edf enjoi monopoli french market exclus right respect transport distribut import export electr competit electr produc member state direct ec enter forc free competit exist relat market edf diversifi activ exclus right geograph sector term effect trade exist liberalis provid direct ec electr subject signific grow trade member state edf activ engag trade boost adopt council direct eec octob transit electr transmiss grid place basi commerci agreement oper high voltag transmiss network member state european oecd member countri electr import grew averag annual rate edf multipli surplu balanc trade electr achiev net export twh repres total product edf export twh member state annual report edf state rank quot world lead oper electr industri franc frf billion invest total instal product capac equal figur franc million custom quot report stress edf quot increas number size invest europ extend presenc austria poland quot quot export twh europ quot manag contract sign april french state edf stipul edf alloc frf billion intern invest assign prioriti region europ edf acquir capit german compani enbw increas product distribut capac unit kingdom subsidiari london electr direct control italian enterpris fenic set partnership fiat purchas montedison edison edf plai major role electr trade member state edf electr export grew record level twh contribut eur million annual turnov french electr market open threshold elig custom set gwh market open competit consist premis repres demand twh latest estim market share edf competitor market european supplier present french market electr import franc total twh electr product franc edf competit compagni national du rhône subsidiari electrabel société national electricité de thermiqu capit held spanish compani endesa edf competit oper french market direct ec enter forc februari member state act unilater open electr market unit kingdom open market complet larg industri custom sweden open market complet finland began process reach market open germani complet open market netherland open market complet industri custom circumst deadlin set direct open market competit state aid grant enterpris enjoi monopoli member state activ part intra commun trade case edf distort competit electr market mean articl treati edf compet continu compet franc member state area core busi electr product distribut diversifi activ market servic relat energi liberalis sd wholli own subsidiari edf brought activ provis servic individu custom busi local author sd activ wast treatment street light energi relat servic gener turnov equival eur million eur million edf establish partnership veolia environn compani dalkia european leader energi servic busi local author offer energi engin mainten servic manag heat plant technic servic oper build oper district heat network combin heat power scheme energi product industri fluid system edf develop activ market renew energi sourc hold compani chart wholli own edf subsidiari brought activ renew sector geotherm energi wind power contribut consolid turnov year eur million lastli electr produc distributor edf competit supplier substitut energi sourc coal oil ga domest market intern market franc edf launch success campaign promot electr heat increas market share comparison competitor suppli substitut energi sourc oil ga steel industri electr furnac competit ga oil fire furnac effect trade ga member state concern note franc small ga reserv import suppli ga market subject liberalis direct direct ec european parliament council june common rule intern market natur ga transpos member state august member state elig custom choos supplier definit elig custom result open market equal annual nation ga consumpt immedi french parliamentari report found govern figur consumpt elig custom chang supplier account earli total consumpt elig custom total market oper enter french market clear edf establish market member state aid result payment edf corpor tax account provis creat free tax renew rag inevit affect trade member state unlimit state guarante confer edf advantag necessarili strengthen posit relat competitor light forego consider necessarili affect trade member state mean articl ec treati reform pension scheme electr ga industri reduc cost born enterpris industri constitut advantag sector european market electr ga exist grant advantag enterpris industri franc necessarili affect trade member state fulfil criteria laid articl treati unlimit state guarante enjoi edf payment enterpris electr ga industri pension benefit right acquir past payment edf corpor tax account provis creat free tax renew rag constitut state aid compat measur light treati rule assess assess compat state aid issu light treati unlimit state guarante unlimit state guarante enjoi edf constitut state aid enabl group borrow favour term intern financi market articl treati aid fulfil criteria laid principl incompat common market except rule laid articl applic case point natur aid intend achiev object list paragraph aid measur question qualifi except allow articl aid promot econom develop region correspond oper aid condit invest job creation requir guidelin nation region aid articl treati except made aid facilit develop econom activ aid advers affect trade condit extent contrari common interest aid measur examin qualifi except except allow articl treati aid measur examin intend promot execut project common interest remedi disturb french economi promot cultur heritag conserv compat criteria set articl treati met french author assess commiss account edf statu constraint attach thereto principl specialis ban arbitr claus provis french administr law issu state aid french author decid confer statu edf statu deriv act pass french parliament amend time procedur commiss note principl specialis prevent diversif edf activ articl treati undertak entrust oper servic gener econom interest subject rule treati rule competit applic rule obstruct perform law fact task assign commiss disput fact edf fulfil public servic oblig account pursuant articl treati edf receiv financi compens enjoi prerog derog gener applic rule law financi measur prerog proportion order compens addit cost incur edf result public servic oblig state guarante enjoi edf cover edf activ unlimit time disproportion commiss take view creat undu distort competit french author reli articl treati stress fact edf perform public servic task detail edf specif public servic oblig cost check scope state commit edf correspond cost public servic task commiss stress connect difficulti correctli estim gener guarante unspecifi amount unlimit time light inform dispos commiss consid imposs examin condit formul court justic altmark criteria applic articl treati fulfil case point french author argu commiss action depriv articl treati effect support argument cite advoc gener opinion case golden share judgment court justic follow interpret articl treati accord articl commun neutral regard system properti ownership member state provis treati impedi complet partial state ownership enterpris time competit rule appli privat public enterpris court justic consist held articl effect exempt member state system properti ownership fundament rule treati case law upheld judgment deliv court instanc european commun march west lb judgment articl treati held restrict scope concept state aid mean articl treati applic competit rule undertak irrespect properti system subject effect restrict protect articl treati leav member state latitud manag public undertak retent sharehold undertak recours consider pure profit make criteria interest line argument relat conflict applic competit rule account articl treati undertak entrust oper servic gener econom interest escap applic competit rule rule obstruct perform law fact task assign undertak present case fact edf capit own state call question slightest unlimit state guarante link system ownership edf legal statu statu intrins featur distort competit statu examin light state aid rule member state free choos legal statu undertak choic observ rule treati respect commiss action line principl equal treatment commiss object whatsoev public ownership edf capit public enterpris statu examin effect exempt administr compulsori liquid proceed role state guarantor resort edf debt includ activ cover public servic oblig unlimit state guarante enjoi edf constitut state aid incompat treati rule decis propos measur adopt octob commiss request french author withdraw letter date novemb french author notifi draft legisl provis commiss quot public enterpris electricité de franc gaz de franc convert limit compani govern rule applic commerci enterpris quot explain effect convert edf limit compani make subject ordinari rule applic compani administr compulsori liquid commiss consid make edf subject ordinari law bankruptci effect withdraw unlimit state guarante enjoi letter date decemb french govern confirm intent quot tabl parliament measur convert legal form edf public enterpris legal form govern ordinari rule measur put effect januari quot basi inform commiss take view unlimit state guarante enjoi edf effect withdrawn januari deadlin suffici reason legisl regulatori made reform pension scheme electr ga industri commiss note current pension scheme electr ga industri fact constitut barrier entri french electr ga market firstli rule scheme applic entrant enterpris pai contribut discharg oblig particip year payment pension entir sector proport wage bill level entrant contribut depend pre establish fix rate determin year basi amount need pension scheme balanc balanc depend paramet total wage bill sector demograph structur establish prior firm market entri relat pension liabil electr ga industri highli capit intens market entrant list stock exchang recours issu secur ia account standard enter forc enterpris set provis account financ pension liabil sector accumul prior market entri chargeabl proport current wage bill provis past pension liabil constitut addit expens comparison incur enterpris subject ordinari social secur rule financ pension scheme contribut discharg oblig set provis liabil enter highli capit intens market larg fix cost repres heavi invest addit expens major barrier lastli withdraw unlimit state guarante enjoi edf gdf make subject ordinari law bankruptci concomit reform pension scheme electr ga industri place enterpris sector includ entrant oblig pension liabil incumb declar bankrupt amount stake risk born enterpris sector transfer risk enterpris sector constitut barrier entri competitor french market current pension scheme electr ga industri creat barrier entri french electr ga market reform notifi french author enabl entri barrier remov firstli replac balanc contribut paid enterpris sector contribut gener scheme basic scheme compulsori supplementari scheme discharg oblig reduc amount specif pension right acquir reform exce amount ordinari benefit financ enterpris sector date reform specif pension right financ enterpris definit apport basi criteria wage bill enterpris concern length servic employe cover arrang electr ga industri contribut enterpris proportion durat presenc electr ga market lastli incumb declar bankrupt enterpris sector specif right ceil account pension liabil threaten viabil exist pension scheme point abrog commiss examin compat treati rule decis confin exclus examin compat scheme commun rule state aid tariff base contribut accru nation fund electr ga industri purpos financ pension right acquir prior reform employe assign electr ga transport distribut note chargeabl event connect consum electr ga transport distribut network contribut base final consum quot fix quot compon stand charg network independ energi consum paid final consum consum energi payment contribut link amount electr ga consum nation fund electr ga industri financ contribut electr ga import member state contribut collect reinforc effect aid competit trade member state charg import product creat barrier entri french electr ga market note specif pension right acquir prior reform constitut past liabil link previou monopoli situat payment enterpris electr ga industri benefit specif pension right give rise difficulti long enterpris oper monopoli environ incur higher pension cost enterpris sector shield intra industri competit addit account standard requir set provis account cover amount specif right liabl employe part employe obtain payment specif pension benefit right manag edf gdf pension depart cover unlimit state guarante electr ga market open competit specif right burden affect competit enterpris sector specif right repres addit wage cost enterpris competitor bear ia account standard enter forc enterpris set provis account cover specif right acquir employe januari specif pension right amount payment specif pension benefit unbear burden long enterpris shield intra industri competit todai constitut major difficulti enterpris competit electr ga enterpris specif pension right employe electr ga industri deriv articl nation condit employ worker electr ga industri annex thereto relat invalid pension death benefit date text amend part notifi reform enterpris sector pai benefit specif right acquir date reform employe assign electr ga transport distribut activ reform proportion strictli enterpris reliev payment specif pension benefit acquir past specif right acquir past employe sector amount total enterpris reliev payment specif pension benefit acquir reform employe assign electr ga transport distribut repres total januari enterpris sector remain respons amount reform pension scheme notifi french author reliev enterpris sector payment specif pension benefit acquir past market oper monopoli environ organis immedi suit function competit open liberalis electr ga sector requir reorganis achiev competit oper sought aid grant french state view sector reorganis proportion electr ga transport distribut activ tradition carri monopoli receiv aid aspect reform involv state aid aid deem compat common market accord articl treati develop activ question affect trade extent contrari common interest commiss situat case point dissimilar natur strand cost energi field involv aid aim facilit transit competit energi sector methodolog commiss adopt examin aid type cover reform pension scheme commiss deem case point treat aid compens strand cost follow approach analysi similar case elimin barrier entri french electr ga market reform pension scheme electr ga industri competit step market reform special scheme form part gener drive reform member state pension system advoc council commiss advantag result payment edf corpor tax account provis creat free tax renew high voltag transmiss network articl treati aid fulfil criteria laid principl incompat common market except rule laid articl applic case point natur aid intend achiev object list paragraph aid measur question qualifi except allow articl aid promot econom develop region correspond oper aid condit invest job creation requir guidelin nation region aid articl treati except made aid facilit develop econom activ aid advers affect trade condit extent contrari common interest aid measur examin qualifi except derog applic tax law grant benefit singl enterpris regard intend facilit develop activ sole purpos assist enterpris reduc oper cost except allow articl treati aid measur examin intend promot execut project common interest remedi disturb french economi promot cultur heritag conserv compat criteria set articl treati met compens public servic cost observ made connect unlimit state guarante enjoi edf call french author cite articl treati defenc tax concess stress fact edf perform public servic task provid assess cost incur edf carri task commiss determin tax concess question compens addit cost link public servic task entrust light forego consider commiss take view aid examin constitut oper aid effect strengthen edf competit posit relat competitor incompat common market lastli commiss consid contrari claim french author rule limit period appli case point edf creat account provis free tax point hand correct account error natur relat post past transact nation account council post account financi year discov hand act provid grantor right reclassifi capit inject subject corpor tax date novemb tax concess date aid paid date time bar vi conclus decis drawn basi inform provid french author stress injunct provid inform issu octob french author persist refus suppli commiss full copi document request commun extract french court auditor report cover injunct commiss find firstli unlimit state guarante enjoi edf withdrawn enterpris subject ordinari law collect proceed commiss take note french author undertak ensur affili pension scheme electr ga industri ordinari scheme respect financi neutral transfere scheme state commiss find affili involv state aid provid undertak fulfil commiss note specif pension right acquir date reform employe assign electr ga transport distribut longer financ enterpris sector tariff base contribut payment enterpris sector benefit specif right acquir past constitut state aid compat common market pursuant articl treati commiss find lastli payment edf corpor tax provis creat free tax renew rag constitut state aid incompat common market tax aid amount eur million adopt decis articl unlimit guarante grant franc electricité de franc edf constitut state aid incompat common market withdrawn januari articl affili french pension scheme electr ga industri ordinari pension scheme constitut state aid mean articl treati affili financi neutral enterpris transfere scheme state payment enterpris electr ga industri benefit specif right acquir date reform employe assign electr ga transport distribut financ right tariff base contribut constitut state aid compat common market pursuant articl treati guarante grant franc nation fund electr ga industri respect acquir specif right constitut state aid mean articl treati articl payment edf corpor tax provis creat free tax renew rag frf billion grantor right reclassifi capit inject constitut state aid incompat common market aid involv payment corpor tax amount eur million articl franc measur recov edf aid refer articl unlawfulli made recoveri effect delai accord procedur nation law provid effect execut decis aid recov includ interest date dispos edf date recoveri interest calcul basi refer rate calcul grant equival region aid appli compound basi accord commiss commun interest rate appli aid grant unlawfulli recov articl franc inform commiss month notif decis measur compli inform commun commiss aid form set annex articl decis address french republ brussel decemb commiss mario monti member commiss oj oj oj oj oj regul amend act access oj tribun de conflit associ syndical du canal de gignac décembr rec cour de cassat civ ère bureau de recherch géologiqu minièr quot brgm société lloyd continent quot décembr bull civ cour appel de pari sté pdg février da basic right financ electr ga industri amount total busi secret total pension liabil financ correspond sum discount real rate right acquir date reform amount correspond situat januari adjust line right acquir benefit paid date reform implement april nation account council adopt recommend rule post evalu liabil respect pension compar benefit spell evalu method area discount rate appli determin refer market rate closur date base invest grade corpor bond long matur match durat liabil fail refer long term govern bond rate case point real discount rate lower rang valu methodolog cnav scheme involv compar evalu date ratio present right acquir contribut capac year modul averag ag contributor transferor scheme transfere scheme depend ratio electr ga industri higher basic scheme entri fee calcul equal amount deduct present liabil scheme electr ga industri enabl depend indic cnav scheme oper equalis depend indic combin cnav scheme scheme electr ga industri oper methodolog agirc arrco scheme involv compar benefit contribut depend ratio project year period supplementari scheme electr ga industri right minimum maximum basi right minimum basi depend ratio transferor scheme unfavour transfere scheme deduct made benefit attach past basic right transfer deduct automat increas past right enterpris enterpris remain respons financ share benefit attach past basic right transfer gener scheme right maximum basi depend ratio transferor scheme unfavour transfere scheme basic right transferor scheme make balanc cash payment order ensur affili financi neutral case point right maximum basi amount balanc cash payment made gener scheme estim specif right financ electr ga industri amount total refer articl treati understood refer articl agreement european econom area footnot oj articl ii fourth subparagraph articl implement decre rivero encyclopédi juridiqu dalloz droit administratif régime de entrepris nationalisé quot peculiar enshrin text deriv practic enterpris reli ultim resourc advanc state disregard kei part nation economi public asset advanc repay text envisag eventu deficit priori deficit lead enterpris declar bankrupt inevit except made ordinari rule practic state respons deficit retain control price wage prompt cover mean advanc quot council state annual report sourc reuter new servic reuter french languag new sourc reuter new servic reuter french languag new sourc moodi investor servic press releas reuter new servic reuter french languag new case philip morri ecr franc commiss ecr join case poucet pistr ecr convers made basi exchang rate french franc euro decemb judgment court case gezamenlijk steenkolenmijnen high author ecr banco de crédito industri ecr sfei ecr franc commiss ecr ffsa commiss ecr case ladbrok commiss ecr ii paragraph oj oj report mr poniatowski energi market bill draft request senat committe econom affair oj amend oj judgment juli case altmark tran gmbh report case commiss portug ecr commiss franc ecr commiss belgium ecr judgment court case commiss franc ecr paragraph court judgment case fearon ecr itali commiss ecr konl ecr join case westdeutsch landesbank girozentral land nordrhein westfalen commiss report joint council commiss report adequ sustain pension march case point examin condit set judgment altmark escap applic articl treati criteria qualifi except allow articl treati fulfil oj annex inform sheet implement commiss decis ec edf articl decis give date edf statu chang attach copi document substanti chang statu articl decis interest amount aid recov calcul measur secur effect recoveri aid accord articl regul ec measur secur effect recoveri aid accord articl regul ec deadlin set obtain full reimburs aid comment accord commiss commun interest rate appli aid grant unlawfulli recov oj refer rate appli compound basi calcul compound interest compound yearli basi formula interest capit interest rate number year capit