Transition to a generation-and-retail separation business model
First written in FY2018. 3 of 6 entries say "Advanced", first in FY2019. Latest entry: FY2021-Q1.
No other company in this theme has enough history to compare yet.
- FY2021-Q1AchievedAnnual report
「Based on these arrangements, on 1 April 2020 we transferred our general transmission and distribution business and retail electricity business, among others, to 中部電力パワーグリッド株式会社 and 中部電力ミライズ株式会社, respectively.」
With respect to the transition to a generation-and-retail separation business model, the company split and transfer of the general transmission and distribution business and retail electricity business, among others, were completed on 1 April 2020, completing the legal separation. - FY2020-Q3RestatedAnnual report
「On 1 April 2019, we transferred our fuel receiving, storage and gas transmission businesses and existing thermal power generation business, among others, to JERA through an absorption-type company split. Accordingly, beginning with the first-quarter consolidated accounting period, “Retail,” “Power Network” and “JERA” were designated as the 3 reportable segments.」
The transfer of the thermal power generation business and other businesses to JERA, and the resulting change to 3 reportable segments, Retail, Power Network and JERA, continues to be disclosed. - FY2020-Q2AdvancedAnnual report
「*2 中部電力小売電気事業分割準備㈱ was newly included in the scope of consolidation through a capital contribution. *3 中部電力送配電事業分割準備㈱ was newly included in the scope of consolidation through a capital contribution.」
In preparation for the transition to a generation-and-retail separation business model, the preparatory companies for the separation of the retail and transmission and distribution businesses were newly included in the scope of consolidation through capital contributions. Preparations for the business split scheduled for April 2020 are progressing. - FY2020-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 April 2019, we resolved to enter into absorption-type company split agreements under which our general transmission and distribution business and retail electricity business would be transferred through company splits to 中部電力送配電事業分割準備株式会社 and 中部電力小売電気事業分割準備株式会社, respectively, and entered into the agreements with each successor company on the same day. These company splits are collectively referred to below as the “absorption-type company split.” At the annual general meeting of shareholders held on 26 June 2019, approval was obtained for the absorption-type company split agreement concerning the general transmission and distribution business. Scheduled date of the absorption-type company split: 1 April 2020」
With respect to the transition to a generation-and-retail separation business model, absorption-type company split agreements were entered into to transfer the transmission and distribution business and retail electricity business to the preparatory companies, and shareholder approval was obtained for the transmission and distribution business. The planned implementation date of 1 April 2020 was also disclosed, making the transition plan concrete. - FY2019AdvancedAnnual report
「Following the integration of our existing thermal power generation business into JERA in April of this year, we will transition to a “generation-and-retail separation business model” through the legal separation of the transmission and distribution business and the incorporation of the retail business in 2020. Each operating company will address its respective market and pursue autonomous initiatives, with the aim of becoming a more resilient corporate group and expanding earnings in the energy sector.」
The integration of the existing thermal power generation business into JERA has been completed, and the transition to a generation-and-retail separation model in preparation for the legal separation of the transmission and distribution business and the incorporation of the retail business in 2020 has been made concrete. - FY2018First statedAnnual report
「To respond to changes in the business environment and achieve sustainable growth, we will establish an autonomous business structure by further transferring functions to each company, and will consider transitioning to a generation-and-retail separation business model in anticipation of the legal separation of the transmission and distribution business.」
The company has, for the first time, separately identified consideration of a transition to a new business model separating generation and retail in anticipation of the legal separation of the transmission and distribution business.