— Glossary

— A

TECHNICAL GLOSSARY

AA

Environmental Assessment

AA1000SES

Stakeholder Engagement Standard

AA1000APS

Accountability Principles Standard

AA1000

Assurance Standard 2008

AAE

 

 

Strategic Environmental Assessment

ACER

 

Agency for the Cooperation of Energy Regulators

ACT

Collective Bargaining Agreement

AGC

Agreement on the Management of Natural Gas Consumption

AGSI

Aggregated Gas Storage Inventory

APA

Portuguese Environment Agency

APAI

 

Portuguese Association for Impact Assessment

— B

TECHNICAL GLOSSARY

BCSD

Business Council for Sustainable Development

BTN

Normal Low Voltage

BV

Block Valve Station

— C

FINANCIAL GLOSSARY

CAPEX

Capital expenditure on acquisitions andupgrades of tangible xed assets

TECHNICAL GLOSSARY

CAE

Energy Emission Contracts

CDP

Carbon Disclosure Project

CELE

European Union Emission Trading Scheme

CEM

Electric and Magnetic Fields

CEO

Chief Executive Officer

CER

Certified Emissions Reductions

CESUR

Power Purchase Agreements for the Supplier of Last Resort

CIGRÉ

International Council on Large Electric Systems

CIT

Individual Employment Contract

CMVM

Portuguese Securities Market Regulator

CO

Certicates of Origin

CO2

Carbon dioxide (greenhouse gas)

CODEMO

Portuguese Code for Market Research and Opinion Studies

CRH

Human Resources Committee

CTS

Custody transfer station

CT

Term Contracts

— D

FINANCIAL GLOSSARY

DEBT TO EQUITY RATIO

Net debt/equity

DIVIDEND PER SHARE

Ordinary dividend/total number of shares outstanding

TECHNICAL GLOSSARY

DACF

Day Ahead Congestion Forecast

DGEG

Department of Energy and Geology

DR

Diário da República [Portuguese o cial journal]

DRS

Disaster Recovery System

DWDM

Dense Wavelength Division Multiplexing

— E

FINANCIAL GLOSSARY

EBIT

Earnings before interest and taxes

EBITDA

Earnings before interest, taxes, depreciation and amortisation (operating pro t, excluding amortisation and depreciation)

TECHNICAL GLOSSARY

EC

European Commission

ECS

Environmental Framework Studies

ECSI

European Customer Satisfaction Index

ECX

European Climate Exchange

EDP

Energias de Portugal, S.A.

EGIG

European Gas pipeline Incident Data Group

EIA

Environmental Impact Assessment

EEGO

Issuing Entity for Cogeneration Guarantees of Origin

EIB

European Investment Bank

EINCA

Study of Environmental Incidences

EIS

Environmental Impact Statement

EIT

Equivalent Interruption Time

ELECPOR

Portuguese Association of Companies in the Electricity Sector

EMTN

Euro Medium Term Notes

ENAAC

National Strategy for Adaptation to Climate Changes

ENF

Energia Não Fornecida [Non Supplied Energy]

ENTOS-E

European Network of Transmission System Operators for Electricity

ENTSO-G

European Network of Transmission System Operators for Gas

EPIS

Entrepreneurs for Social Inclusion

ERGEG

European Regulators Group for Electricity and Gas

ERSE

Energy Services Regulatory Authority

ESOMAR

European Society for Opinion and Marketing Research Association

ETA

Electricity Transmission Activity

ETS

Emissions Trading Scheme

ETSO

European Transmission System Operators

EU

European Union

EUA

European Unit Allowances

EURELECTRIC

European Union of Electricity Companies

— F

TECHNICAL GLOSSARY

FAI

 

Innovation Support Fund

FBF

Fire y Bird Flapper

FEUP

School of Economics, University of Porto

FP7

7th Framework Program of the European Community on research, technological development and demonstration activities

FSR

Florence School of Regulation

— G

TECHNICAL GLOSSARY

GDP 

Gás de Portugal, SGPS, S.A.

GGS 

Gross Domestic Product

GHG

Greenhouse gases

GNL

Liquefied Natural Gas

GNR

Guarda Nacional Republicana [Portuguese National Guard]

GO

Guarantees of Origin

GPEARI

Planning, Strategy, Evaluation and International Relations O ce

GRI

Global Reporting Initiative

GRMS

Gas Regulating and Metering Station

GSE

Gas Storage Europe

GVA

Gross Value Added

GDP

Gross Domestic Product

— H

TECHNICAL GLOSSARY

HICP

Harmonised Index of Consumer Prices

HIV

Human Immunodeficiency Virus

HV

High Voltage

— I

TECHNICAL GLOSSARY

ICE

 

Intercontinental Exchange

ICJCT

Interconnection Junction Station

ICNF

Institute for Conservation of Nature and Forests

IDAD

IDAD

IEA

 

International Energy Agency

IES

Independent Electricity System

IFRS

 

International Financial Reporting Standards

IGU

Independent Gasification Units

INE

 

Portuguese Institute of Statistics

INESC

Institute of Systems and Computer Engineering

IOPS

O cial Social Welfare Institutions

IP

Internet Protocol

IPCTN09

 

Survey of the National Scienti c and Technological Potential, 2009

IPSS

 

Private Institutions of Social Solidarity

IRC

 

Corporate Income Tax

ISAE 3000

 

International Standard on Assurance Engagements 3000

ISDA

 

International Swap and Derivatives Association

ISO

 

International Organization for Standardization

ISQ

 

Welding and Quality Institute

IST

Higher Technical Institute

ITELSA

Innovative Tools for Electrical System security within Large Areas

IUCN

International Union for conservation of Nature

— J

TECHNICAL GLOSSARY

JCT

Junction Station

 

— K

TECHNICAL GLOSSARY

KPI

Key Performance Indicator

— L

TECHNICAL GLOSSARY

LABELEC

Research, Development and Laboratory Activities

LBG

London Benchmarking Group

LNEG

National Laboratory for Energy and Geology

LPN

League for the Protection of Nature

LNG

Liquefied natural gas

— M

TECHNICAL GLOSSARY

MBA

Master of Business Administration

MC

Market Committee

MEC

Portuguese Ministry of Science and Education

MEDGRID

 

Consortium with the goal of promoting the development of electrical interconnections between the North, South and East Mediterranean

MEFF

Spanish Futures and Options Exchange

MERGE

Mobile Energy Resources for Grids of Electricity

METSO

Mediterranean Transmission System Operators

MIBEL

Iberian Electricity Market

MLT

Medium- and Long-Term

MODPEHS

Modular Development of a pan-European Electricity Highway System

MTSP

Municipal Tax on Sale of Property

— N

FINANCIAL GLOSSARY

NET DEBT

Short and long-term nancial debt – cash balances

TECHNICAL GLOSSARY

NATO

North Atlantic Treaty Organization

NG

Natural Gas

— O

FINANCIAL GLOSSARY

OPEX

 

 

Operational expenditure (gastos de operação e manutenção)

TECHNICAL GLOSSARY

OMEL

Operador del Mercado Ibérico de Energía – Polo Español, S.A. [Spanish Cluster]

OMI

Iberian Market Operator

OMICLEAR

Sociedade de Compensação de Mercados de Energia, S.A.

OMIP

Operador do Mercado Ibérico de Energia Energía (Pólo Português), S.A. [Portuguese Cluster]

OECD

Organisation for Economic Co-operation and Development

OHS

Occupational Health and Safety

OHSAS

Occupational Health and Safety Advisory Services

— P

FINANCIAL GLOSSARY

PAYOUT RATIO

 

 

Ordinary dividend/net profit

TECHNICAL GLOSSARY

PAPI

Pen and Paper Interview

PDIRT

Transmission System Development and investment plan

PEGASE

Pan European Grid Advanced Simulation and State Estimation

PNALE

Portuguese Emission Licence Award Plan

PNBEPH

Portuguese Plan for High Hydraulic Potential Dams

PNDI

Natural Park of International Douro

PNLE II

Portuguese Emission Licence Award Plan

POC

Portuguese O cial Accounting Plan

PPA

Power Purchase Agreements

PPDA

Environmental Performance Promotion Plan

PPEC

Plan for the Promotion of the E cient Use of Electricity

PRE

Subsidised producers

PREN

Plan for the Rationalization of Energy Consumption

PRV

Variable Remuneration Program

PSP

Portuguese Police Force

PDIRGN

RNTIAT Development and investment plan

— Q

TECHNICAL GLOSSARY

QP 

Permanent Staff

QUERCUS 

National Association for Nature Conservation

QAS

Quality, Environment and Safety

QSR

Quality of Service Regulation

— R

FINANCIAL GLOSSARY

RAB

Regulated Asset Base

RCCP

 

Current ROE

RETURN ON ASSETS (ROA)

 

EBIT/total assets

RETURN ON EQUITY (ROE)

 

 

Net pro t/Equity

TECHNICAL GLOSSARY

RENTELECOM

RENTELECOM – Comunicações, S.A.

RNDGN

National Natural Gas Distribution Network

RNT

National Electricity Transmission Network

RNTGN

National Natural Gas Transmission Network

RNTIAT

National Natural Gas Transmission Network, Storage Infrastructure and LNG Terminals

R&D

Research & Development

RDC

 

Research and Development Committee

RDI

Industrial Data Network

RECAPE

Environmental Compliance Report on the Execution Project

RECS

Renewable Energy Certi cate System

REIVE

Power lines with Smart Electric Vehicles

RES

Renewable Energy Sources Directive

RH

Human Resources

RDI

Research, Development & Innovation

— S

TECHNICAL GLOSSARY

SAP

Systems of applications and products for data processing

SDC

System Development Committee

SDH

Synchronous Digital Hierarchy

SEN

National Electricity System

SEP

Public Electricity Supply System

SGCIE

Intensive Energy Consumption Management System

SGNL

Sociedade Portuguesa de Gás Natural Liquefeito, S.A.

SGPS

Holding Company

SGRI

South Gas Region Initiative

SIGQAS

Integrated Management System for Quality, Environment and Safety

SIFIDE 

System of Tax Incentives for Research and Development

SNGN

National Natural Gas System

SOC

System Operations Committee

SRPV

Service of Private Voice Networks

SS

Substation

SSSV

Safety Valves on Surface

— T

FINANCIAL GLOSSARY

TURNOVER

Sales plus services provided

TECHNICAL GLOSSARY

TEE

Transmission of Electrical Power

TEN

Trans-European Networks

TSO

Transmission System Operators

TYNDP

Ten-Year Network Development Plan

— U

TECHNICAL GLOSSARY

UGS

Tari of Global Use of the System

URT

Tari of Use of the Transmission Network

— V

FINANCIAL GLOSSARY

VAB

 

Value Added Tax

TECHNICAL GLOSSARY

VHV

Very High Voltage

VHVL

Very High Voltage Lines

— W

— X

— Y

— Z

TECHNICAL GLOSSARY

ZCA

Hunting Area

ZPE

Special Protection Areas