Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-11-Speech-2-115-000"
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"en.20120911.6.2-115-000"2
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"We will also go into that in our communication on the internal market. We believe that European legislation does not need a general revision. Where unbundling is concerned – in other words, the independence of the transmission network operators – the measures have been taken. It is now a matter of the national regulations offering sufficient incentives and energy policy offering sufficient planning security.
We will then get investors, if investors know that a pipeline or a transmission network is necessary, makes sense in the European market, and if the returns are sufficiently fair. We are in talks with the European insurance sector. Life assurance and pensions insurance, in particular, are ideal partners for long-term investments, because they need long-term, low-risk investments and moderate returns for their insurance customers.
There is one problem, and that is unbundling. A number of insurance companies have told us that they have shareholdings in energy generation, around 5% in the case of ENEL or ENI or RWE or others, and therefore, strictly speaking, they are not allowed to invest in networks. It is clear that our unbundling policy was intended to separate the commercial interests of the generators from the commercial interests of the transmission companies. If a company has a stake of just 3% or 5% in an energy generator, I believe it is still able to invest in the network. We need a pragmatic interpretation here, and we are working on that."@en1
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