The five joint subsidiaries established by MVV Energie AG and its shareholdings (shared service companies) largely took up operations on 1 October 2006. The companies act on the market under the umbrella brand “24/7”, which stands for 24-hour service, 7 days a week, thus underlining the service orientation of these companies. This measure has not only enabled us to meet the new unbundling requirements in terms of legal structures in the grid division, but has also opened up considerable synergy potential as a result of the pooling of internal services between the companies. We have thus strengthened the MVV Energie Group for future competition and helped to compensate for the increased pressure on costs resulting from grid regulation.
Karl-Heinz Trautmann, the member of the Executive Board of MVV Energie AG responsible for sales, marketing and environmental energy, has retired from office and left the company at his own request. The Supervisory Board assented to his request that his contract, which ran until the end of September 2008, be prematurely terminated as of 15 October 2006. His previous responsibility for sales at MVV Energie AG has since been assumed by the CEO, Dr. Rudolf Schulten, while responsibility for the environmental energy and trading divisions has been taken over by the board member Dr. Werner Dub.
None of the companies within the MVV Energie Group was affected by the entry into effect of grid utilisation fee approval notifications during the 2005/06 financial year. Only after the end of the year under report, on 13 October 2006, did the Federal Networks Agency reduce the electricity grid utilisation fees submitted by Stadtwerke Kiel AG by around 17% with effect from 1 October 2006. New electricity grid utilisation fees have also been in place since 1 October 2006 at Stadtwerke Ingolstadt. The cost base submitted was basically confirmed. The gas grid utilisation fees submitted by Köthen Energie were approved. No approval notifications had been received by MVV Energie AG, Energieversorgung Offenbach, Stadtwerke Solingen or Stadtwerke Buchen as of the end of November 2006.
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