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Wednesday 20.03.2019 | Name days: Made, Irbe
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PUC: Gaso’s separation from Latvijas Gāze was legal

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAfter examining documents submitted by the transmission system’s operator, the Public Utilities Commission concluded that activities performed by AS Gaso as part of reorganization of Latvijas Gāze were sufficient to ensure compliance with requirements for independence, as reported by PUC representatives.

Gaso has submitted its first report on compliance with independence requirements together with a detailed description of the legal separation process.

PUC, after examining submitted information, has concluded that Latvijas Gāze performed all the necessary activities to ensure independent function of the transmission system.

At the same time, PUC has found that Gaso council and board members are not involved in vertical structures of Latvija Gāze that are directly or indirectly responsible for production, transmission and storage of natural gas, as well as liquefied gas trade.

PUC also notes that Gaso council and board members are provided with rights to independently make decisions in regards to assets needed for proper operation of the gas transmission network, its maintenance and development.

When examining Gaso outsourcing contracts, PUC found that Latvijas Gāze has no way to influence Gaso, and there is no possibility of a conflict of interests when it comes to using different services.

PUC has also concluded that Gaso ensures confidentiality of commercial information when performing gas transmission operations.

Gaso’s developed Compliance Programme includes specific duties for employees and does not allow any discriminating acts. The company ensures appropriate compliance with the programme.

To ensure Gaso’s operation fits independence requirements, PIC has to examine the company’s activities in accordance with Energy Law and regulations regarding independence requirements for gas transmission system operators. PUC performs its examination based on the company’s report. If need be the regulator requests additional information.

Gaso is a subsidiary of Latvijas Gāze and the only gas transmission system operator in Latvia.


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