Performance Overview: January - September 2011
ČEPS’s Supervisory Board removed, by mutual agreement, on 14 September 2011 Mr Petr Zeman from the position of Vice-Chairman of the Board of Directors in connection with his reaching retirement age. Ms Eva Havlíčková was elected to the Board of Directors.
ČEPS announced on 8 September 2011 the first annual “Thesis 2012 – ČEPS Award” competition. The competition is aimed at supporting tertiary education, enhancing the attractiveness of the energy and power sectors and supporting promising students.
A methodical exercise codenamed “DUSK 2011” involving units of the Czech Police, the Integrated Rescue System and ČEPS took place at the Albrechtice transformer station near Český Těšín on 25 August 2011 with the aim of verifying the security of certain elements of the transmission system.
The Management of the “Project for the Coupling of the Hungarian and the Czech-Slovak Electricity Markets” agreed in Bratislava on 24 August 2011 the main principles and methodology of the management of the integrated markets and confirmed the target date for market integration – the 2nd quarter of 2012.
ČEPS participated in the 9th annual “Employer of the Year” competition in 2011. The Company came 8th out of a total of 108 participating companies in the Czech Republic in the “Progressive Employer” category for companies with up to 500 employees.
A new project involving the coupling of the Hungarian and the Czech-Slovak electricity markets was launched at a meeting of the TSOs concerned held in Budapest on 29 June.
The Annual General Meeting was held on 15 June at which the following was discussed and subsequently approved: the financial statements for 2010, the Board of Directors’ report on the Company’s business performance during 2010 as well as the financial statements for that year, a proposal for the distribution of the Company’s profits and the sponsorship programme. The AGM accepted the Supervisory Board’s Report, decided to create a new Fund for System Development and approved rules for the management thereof.
An exercise involving integrated rescue system units named “FIRE 2011” took place at the Company’s headquarters in Prague on 8 June.
A methodical exercise involving integrated rescue system units named “STRIKE 2011” took place at the Prosenice transformer station on 2 June 2011.
A memorandum of understanding concerning cooperation in the creation of an integrated European internal electricity market was agreed by the national regulators (MEH, ERÚ and ÚRSO), the transmission system operators (MAVIR, ČEPS and SEPS) and the electricity market operators (HUPX, OTE and OKTE) of Hungary, the Czech Republic and Slovakia on 30 May.
The Supervisory Board re-elected Mr Miroslav Vrba and Mr Milan Kovařík as members of the Board of Directors for the next term at a meeting on 10 May.
Representatives of the transmission system operators and electricity market operators of the Czech Republic and Slovakia agreed on a common approach to the expansion of the Czech-Slovak day-ahead electricity market at a meeting on 14 February.
An unreserved Auditor’s Report on the financial statements for 2010 was issued by Ernst & Young Audit on 4 February.
The TSC initiative (Transmission System Operator Security Cooperation) introduced a common tool for data exchange and N-1 security assessment (CTDS) into full operation on 3 January.