Golden share: Terna asks for further information, Finmeccanica asks for longer times for the exercise of powers, while Enel gives its ok. The hearings on the decree (created following an EU infringement procedure against us) which governs the special powers attributed to the State in the context of privatized companies in the defense, security, energy, transport and communications.
For Terna, the provision is ok, but three issues need to be explored. The director of public affairs, Giuliano Frosini indicated them:
1) the overlaps. In fact, Terna could be included both among the strategic assets of national defense and among those of the energy sector and "having double obligations would be very worrying", because it would lead to an "overlapping with an impact on ordinary activity".
2) The point on the "explicit non-exclusion between intra-group transactions" should be examined in detail.
3) Notification of operations. “There is no single notification threshold
operations. In this way, there is a risk of also notifying the dismantling of a pylon”, Frosini pointed out. In conclusion: the decree "is very appreciable but there is the risk of burdening the activities".
Ok also from Finmeccanica, which nonetheless indicates the need to lengthen the terms for the exercise of the government's special powers. This is the position expressed in the hearing by Sergio Carbone, the company's legal advisor. “We are in favor of the provision adopted and the amendments that have emerged. We have only indicated the need for the terms for the Prime Minister to exercise special powers not 15 days but 60 days”.
As for Enel, he gives a "substantially positive" assessment of the decree on the golden share, which "manages to overcome the uncertainty that existed so far". As for the possible inclusion of Enel both in the case of national security and in that of energy, Claudio Sartorelli, secretaries of the board of directors of the electricity group, said that it is "an evaluation left to the government, it is a choice that belongs to the executive".
