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Advisory committees

The Nuclear Commitments Monitoring Committee (CSEN) The Nuclear Commitments Monitoring Committee is tasked with monitoring changes in nuclear provisions, The Nuclear Commitments Monitoring Committee is tasked with monitoring changes in nuclear provisions, issuing an opinion on issues relating to governance of dedicated assets, the rules for asset-liability matching and on strategic allocation, and ensuring the compliance of the management of the assets implemented by EDF in accordance with the policy for constituting and managing the dedicated assets.

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EDF announces the allocation of 50% of RTE shares to the dedicated assets portfolio built to cover future nuclear expenses

The financial impact of this allocation is positive as it prevents the Group from having to provide for cash allocations to the dedicated asset portfolio for an amount with a current cumulative value of about EUR 2 3 billion by 2016, equivalent to 50 % of RTE 's net book value in EDF 's consolidated accounts at the end of 2010 . At this juncture, the French State has wished to proceed with a concomitant change in RTE governance at 31 December 2010, which translates in an increased number of State representatives on RTE Supervisory Board, which now stands at 4, i.e. the same number as for EDF representatives and RTE employees.

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  5. 2011
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