Capital increase and amendments to the articles of incorporation entered in the commercial register
Swissgrid’s entry in the commercial register on 3 January 2020 recorded additional share capital in the commercial register because the first valuation adjustment for the transmission grid systems transferred to Swissgrid on 3 January 2019 resulted in a positive change in value.
The purpose of the proceedings was to calculate the 2013-2015 capital costs and the volume- and tariff-related timing differences for the 2013-2015 Grid Usage and 2011-2015 Ancillary Services segments.
Capital increase completed and amendments to the articles of incorporation requested by Swissgrid
During the extraordinary board meeting held by Swissgrid Ltd on 4 December 2019, the Board of Directors enacted the share capital increase resulting from adjustments to the valuation of the assets that were acquired on 3 January 2019. The ensuing amendments to Swissgrid’s articles of incorporation still need to be approved by the Swiss Federal Council.
Planning corridor for the Niederwil – Obfelden line replacement released
The 220-kilovolt line between Niederwil (AG) and Obfelden (ZH) needs to be replaced by a new 380-kV line. Today, the Swiss Federal Office of Energy (SFOE) presents the planning corridor, which will comprise an overhead and an underground cable section.
Michelle Roth appointed Head of Communication & Stakeholder Affairs
Michelle Roth (43) becomes the new Head of Communication & Stakeholder Affairs at Swissgrid. She will start her new role on 6 January 2020 and report directly to Chief Executive Officer Yves Zumwald. Michelle Roth will be responsible for all internal and external corporate communication, as well as relationships with Swissgrid's stakeholders.