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.
Additional Swissgrid share capital increase imminent
The Board of Directors of Swissgrid has approved the implementation of the planned valuation adjustment for the grid systems acquired on 3 January 2019. The corresponding amendments to the articles of incorporation are to be enacted by the Board of Directors and approved by the Federal Council in December 2019.
The new extra-high-voltage line between Ernen and Ulrichen has been brought into service mid-October 2019. The preliminary work for the next section between Ernen and Mörel-Filet will start in the coming year.