As all member states were not able to agree with full ownership unbundling, favoured by the Commission - in which case no company could both own a transmission network and produce or supply energy - the deal was made on the basis of a presidency compromise. In particular, an option providing for a so-called independent transmission operator (ITO) was agreed upon for member states where the transmission system of gas or electricity belongs to a vertically integrated undertaking on the entry into force of the directive in question. In this way certain companies could retain ownership of transmission systems on condition that these are managed by an ITO.
This legislative package falls under the co-decision procedure of the Council and the European Parliament and the latter is expected to give its opinions in June and July.
Council Press release (pdf)
Council webcast of press conference
Transport, Telecommunications and Energy Council, 12 and 13 June
General Affairs and External Relations Council, 16 and 17 June