Nord Stream 2 Decision by German Energy Regulator Postponed
Nord Stream 2 AG, which is based in Zug (Switzerland), has decided not
to transform its existing legal form but instead to found a subsidiary
under German law solely to govern the German part of the pipeline. This
subsidiary is to become the owner and operator of the German part of the
pipeline. The subsidiary must then fulfil the requirements of an
independent transmission operator as set out in the German Energy
Industry Act (sections 4a, 4b, 10 to 10e EnWG).
The certification procedure will remain suspended until the main assets
and human resources have been transferred to the subsidiary and the
Bundesnetzagentur is able to check whether the documentation resubmitted
by the subsidiary, as the new applicant, is complete. When these
requirements have been fulfilled, the Bundesnetzagentur will be able to
resume its examination in the remainder of the four-month period set out
in law, produce a draft decision and deliver it to the European
Commission for an opinion, as provided for in the EU legislation on the
internal market.
The Federal Ministry for Economic Affairs and Energy (BMWi) and the
European Commission were informed in advance. The parties involved in
the proceedings were notified of the decision, which was then published. Source Bundesnetzagentur Press Release
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