Council Regulation (Euratom) No 2587/1999 of 2 December 1999 defining the investment projects to be communicated to the Commission in accordance with Article 41 of the Treaty establishing the European Atomic Energy Community

COUNCIL REGULATION (EURATOM) No 2587/1999

of 2 December 1999

defining the investment projects to be communicated to the Commission in accordance with Article 41 of the Treaty establishing the European Atomic Energy Community

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the provisions of the Treaty establishing the European Atomic Energy Community, and in particular Article 41(1) thereof,

Having regard to the proposal from the Commission,

Whereas:

(1) In order to attain the objectives laid down in the Treaty, the Commission must be notified of investment projects concerning new installations and of replacements or conversions involved in the industrial activities listed in Annex II to the Treaty when such projects are sufficiently extensive and are likely to have a direct influence on production or productivity while respecting nuclear safety;

(2) It is the responsibility of the Commission to publish periodically, in accordance with Article 40 of the Treaty, illustrative programmes and to facilitate a coordinated development of these investments and to make its point of view known about them;

(3) The investments made in the entire fuel cycle, including waste management and decomissioning are basically necessary for a correct and responsible operation of the nuclear industry;

(4) The threshold values in Regulation No 4(1) should be updated and replaced by new threshold values;

(5) Regulation No 4 should be repealed and replaced by this Regulation,

HAS ADOPTED THIS REGULATION:

Article 2

For the purpose of calculating the costs referred to in Article 1 all expenditure arising directly from the carrying out of the investment projects shall be taken into account, irrespective of the time at which such expenditure is incurred.

Article 3

Communication of projects pursuant to Article 1(1) of this Regulation shall include and be limited to the details required for the discussion provided for in Article 43 of the Treaty and in particular all the information relating to:

(a) the type of products or activity and the production or storage capacity;

(b) the total amount of expenditure directly chargeable to the project under consideration;

(c) the length of time likely to be required for carrying out the project;

(d) the prospects as regards supplies for and operation of the installation.

Article 4

Regulation No 4 of the Council of the European Atomic Energy Community of 15 September 1958 shall be repealed.

Article 5

This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities.

It shall apply three months after the date of its entry into force.

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