FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of August 9, 2005
Commission File Number 333-7182-01
CEZ, a. s.
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(Translation of registrant's name into English)
c/o Duhova 2/1444
140 53 Prague 4
Czech Republic
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
The following information (Report A and Report B) was filed by CEZ, a. s. in
Czech language with the Prague Stock Exchange as required by its rules and
regulations:
REPORT A:
NOTICE OF AN INTENT TO MAKE A BUY-OUT OF PARTICIPATING
SECURITIES OF SKODA PRAHA AND TO APPLY FOR DE-LISTING
Within the meaning of the provision of Section 47(1) of Act No. 256/2004 Coll.,
on Conducting Business on the Capital Market, as amended, CEZ, a. s., with its
registered office in Prague 4, Duhova 2/1444, Postal Code: 140 53,
Identification No. 452 74 649, as a holder of a share in the registered capital
and voting rights of SKODA PRAHA, a. s., with its registered office at Milady
Horakove c.or. 109 c.p. 116, 160 41 Prague 6, Identification No. 00128201 (the
"Company") equal to 97.6%, informs that:
(a) on August 8, 2005, CEZ resolved to exercise the right to buy out
participating securities of the Company within the meaning of Section
183i (1) of Act No. 513/1991 Coll., commercial code, as amended (the
"Commercial Code");
(b) upon publication of the resolution by the Company's General Meeting on
the passage of other participating securities of the Company to CEZ,
the participating securities of the Company will be de-listed within
the meaning of Section 183n (1) of the Commercial Code.
REPORT B:
CAPACITY OF A VIRTUAL POWER PLANT DISTRIBUTED AMONG FOUR
COMPANIES
Winning prices for individual units are higher by 14.6% - 15.1% as compared to
this year's wholesale price of electricity. Thus, the final average price of
electricity for 2006 in the auction of a virtual power plant thus reached +
14.82% in comparison to the existing price. The offer of the virtual power plant
increased the volume of the alternative offer on the Czech wholesale electricity
market nearly by 10%, thus, a half of the off-take in the Czech republic may be
covered by sources other than CEZ.
"The final price comes as no surprise because we have already noticed the demand
under similar prices earlier," Alan Svoboda, CEZ Vice-Chairman of the Board of
Directors and Sales Manager, commented on the results of the auction.
The demand exceed the offered capacity more than five times, with 16 bidders in
total submitting 44 valid bids. The auction was attended by representatives of
local and foreign traders and authorized off-takers. Last week, the best bids
for 400 MW capacity of the virtual power plant were submitted by four companies.
Two entities each won a unit, two units will be granted to another company, and
as much as half of the eight 50 MW units offered will go another competitor of
CEZ.
"Significant interest in the auction proved that Europe begins to be hungry for
electricity. An anticipated decrease in the production capacity in the entire
region as well as the quickly rising demand for electricity became evident",
added Alan Svoboda, CEZ Sales Manager, and continued: "in addition, the results
of the auction of the virtual power plant are a significant signal for the
auction of Rainbow Energy for 2006." CEZ will begin the 2006 Rainbow Energy
auction of the remaining production capacity on Friday, August 12, 2005.
Costs of the electricity form approx. a third of the final price for households.
The rest consists of taxes and fees for distribution, transmission, system
services, support of renewable resources, etc. Such fees will not be determined
by the Energy Regulatory Office until this November; the amount of the fees
depends, for instance, on inflation, increasing contributions to renewable
resources and growing distribution assets due to the development of the network.
In addition, next year the fees will for the first time include unbundling
costs, i.e. costs of division of electricity supply and distribution as required
by EU directives.
CEZ has organized the auction under the decision by the Antimonopoly Office that
allowed CEZ to keep its majority share in Severoceska energetika and imposed an
obligation upon CEZ to allow access of independent entities to its electricity
production capacity of 400 MW in total, reduced to 240 MW in summer (June, July,
and August), in 2006 through 2007. The virtual power plant is offered in the
auction by eight units of 50 MW each, or 30 MW in summer months.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CEZ, a.s.
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(Registrant)
Date: August 9, 2005
By: /s/ Libuse Latalova
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Libuse Latalova
Head of Finance Administration