Division (62) The parties have submitted commitments on 28 October 2004 and an improved version on 17 November 2004. The 17 November 2004 commitments are summarised below, using the parties’ numbering:

Reduction of EDP’s shares in REN from 30 % to 5 %

Divestment of EDP’s shares in Tejo Energia

Moratorium concerning the construction of new CCGTs subject to a review clause

Lease of TER production capacity equivalent to one unit subject to a review clause

Suspension of some of EDP’s voting rights in Turbogás and appointment of independent board members in Turbogás

Sale of the Sines LNG terminal to REN

Sale of the Carriço underground storage to REN

Anticipated sale of the gas high-pressure network to REN

Guarantees for access to the network pending sale of the network to REN

Release to REN of the capacity at the Campo Maior entry point currently booked and unused by Transgás

Commitment not to book further capacity at the Campo Maior entry point

Commitment not to book further capacity on the Extremadura pipeline

Commitment to make capacity available on the Extremadura pipeline and/or at the Campo Maior entry point under certain conditions

Elimination of GDP’s right of first refusal, based on ‘matching the best offer mechanism’.

measures aimed at eliminating concerns related to possible privileged access to price information

Measures aimed at ensuring scope for the effective liberalisation of the demand represented by LICs

Commitment not to engage in dual offers of natural gas and electricity to LICs and retail customers in Portugal until the natural gas supply to such customer groups is liberalized

Sale of the LDC Setgás.