Credit FAQ: The White Book On Spanish Electricity Generation Aug 05

Standard & Poors, August 2005

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Research Type: Commentary
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Abstract
The white book on the reform of the regulatory framework for electricity generation in Spain was published on July 26, 2005. The book, which is the result of a study carried out by professor Jose Ignacio Perez Arriaga at the Spanish government's request, analyzes the current state of the country's generation market and the existing regulatory framework for end-user tariffs. Its recommendations are nonbinding. Standard & Poor's Ratings Services addresses below some of the questions it has received from investors since the book's publication. The newly elected government was concerned--despite the liberalization of the wholesale and retail markets--about the low level of competition in the generation market and the failings of the system to operate efficiently. In addition, there was...

Companies mentioned in this report are: Endesa S.A.,Iberdrola S.A.,Gas Natural SDG, S.A.,Union Fenosa S.A.,Red Electrica Corporacion S.A.

Endesa S.A.,Iberdrola S.A.,Gas Natural SDG, S.A.,Union Fenosa S.A.,Red Electrica Corporacion S.A.

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