business plan for 2004 - EDP
business plan for 2004 - EDP
business plan for 2004 - EDP
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2003 - Annual Report - <strong>EDP</strong><br />
In April the Portuguese government publicly announced<br />
that <strong>EDP</strong> would handle the distribution <strong>business</strong> of both<br />
gas and electricity within the scope of the domestic<br />
energy restructuring <strong>plan</strong>.<br />
In third place, greater clarification of the electricity<br />
sector liberalisation processes, particularly the guarantee<br />
that the financial balance inherent in the present Energy<br />
Acquisition Contracts (CAEs) would be maintained after<br />
these contracts come to an end, and the creation of<br />
MIBEL drove investor expectations regarding the<br />
per<strong>for</strong>mance of the company.<br />
On the other hand, in the wake of <strong>EDP</strong>’s proposal that<br />
the effect of the inherent cost to the Human Resources<br />
150<br />
140<br />
130<br />
120<br />
110<br />
100<br />
90<br />
31 March<br />
2002 Results<br />
announcement<br />
1 st news regarding the<br />
reestructuring of the<br />
portuguese energy sector<br />
8 May<br />
Announcement of the<br />
Corporate Offices<br />
22 May<br />
General Meeting<br />
of <strong>EDP</strong><br />
18 June<br />
Government aproves<br />
the liberalisation of the<br />
electricity market<br />
Rationalisation Plan (PPRH) be incorporated into the<br />
electricity tariffs, the Energy Services Regulator decided<br />
in August to agree that the costs inherent in the PPRH<br />
2003-04 could be carried as an investment and written<br />
off over a period of 20 years.<br />
Towards the end of September, <strong>EDP</strong> implemented the<br />
decision that it had previously announced of selling its<br />
3% stake in Iberdrola.<br />
Lastly, <strong>EDP</strong>’s strategic objectives set out by the<br />
Executive Committee <strong>for</strong> the three-year period from<br />
<strong>2004</strong> to 2006 were presented to financial analysts and<br />
institutional investors in London in December.<br />
13 June<br />
Ex-Dividend Day<br />
3 September<br />
2003 1 st semester<br />
results announcement<br />
26 September / 1 October<br />
Sale of the investment<br />
in Iberdrola<br />
80<br />
70<br />
24 March<br />
The Basque government<br />
selected HidroCantábrico<br />
was winner of NaturCorp<br />
privatisation<br />
3 April<br />
Announcement of the<br />
reestructuring of the<br />
Portuguese energy<br />
sector<br />
8 August<br />
ERSE accepts proposal<br />
concerning the human<br />
resources rationalisation<br />
<strong>plan</strong> <strong>for</strong> 2003 and <strong>2004</strong><br />
14 October<br />
<strong>EDP</strong> begins the<br />
reconstruction of Peixe<br />
Angical hidroelectric <strong>plan</strong>t<br />
with Eletrobrás<br />
2 December<br />
Strategic objectives<br />
presentation <strong>for</strong><br />
<strong>2004</strong>-2006<br />
Dec-02 Jan-03 Feb-03 Mar-03 Apr-03 May-03 Jun-03 Jul-03 Aug-03 Sep-03 Oct-03 Nov-03 Dec-03<br />
34/35
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