vertically integrated undertaking
as defined in Directive 2012/34/EU of the European Parliament and of the Council of…, Article 3, point (31) (Definitions)
an undertaking where, within the meaning of Council Regulation (EC) No 139/2004 (): (a) an infrastructure manager is controlled by an undertaking which at the same time controls one or several railway undertakings that operate rail services on the infrastructure manager's network; (b) an infrastructure manager is controlled by one or several railway undertakings that operate rail services on the infrastructure manager's network; or (c) one or several railway undertakings that operate rail services on the infrastructure manager's network are controlled by an infrastructure manager. It also means an undertaking consisting of distinct divisions, including an infrastructure manager and one or several divisions providing transport services that do not have a distinct legal personality. Where an infrastructure manager and a railway undertaking are fully independent of each other, but both are controlled directly by a Member State without an intermediary entity, they are not considered to constitute a vertically integrated undertaking for the purposes of this Directive
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Also defined in
- Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on common rules for the internal market in… 52016PC0864R(01), Article 2
an electricity undertaking or a group of electricity undertakings where the same person or the same persons are entitled, directly or indirectly, to exercise control, and where the undertaking or group of undertakings perform at least one of the functions of transmission or distribution, and at… - Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal… 32019L0944, Article 2, point (53)
an electricity undertaking or a group of electricity undertakings where the same person or the same persons are entitled, directly or indirectly, to exercise control, and where the undertaking or group of undertakings performs at least one of the functions of transmission or distribution, and at… - Directive 2009/73/EC of the European Parliament and of the Council of 13 July 2009 concerning common rules for the… 32009L0073, Article 2, point (20)
a natural gas undertaking or a group of natural gas undertakings where the same person or the same persons are entitled, directly or indirectly, to exercise control, and where the undertaking or group of undertakings perform at least one of the functions of transmission, distribution, LNG or… - Directive 2009/72/EC of the European Parliament and of the Council of 13 July 2009 concerning common rules for the… 32009L0072, Article 2, point (21)
an electricity undertaking or a group of electricity undertakings where the same person or the same persons are entitled, directly or indirectly, to exercise control, and where the undertaking or group of undertakings perform at least one of the functions of transmission or distribution, and at… - Directive 2003/55/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the… 32003L0055, Article 2, point (20)
a natural gas undertaking or a group of undertakings whose mutual relationships are defined in Article 3(3) of Council Regulation (EEC) No 4064/89 of 21 December 1989 on the control of concentrations between undertakings(9) and where the undertaking/group concerned is performing at least one of the… - Directive 2003/54/EC of the European Parliament and of the Council of 26 June 2003 concerning common rules for the… 32003L0054, Article 2, point (21)
an undertaking or a group of undertakings whose mutual relationships are defined in Article 3(3) of Council Regulation (EEC) No 4064/89 of 21 December 1989 on the control of concentrations between undertakings(8) and where the undertaking/group concerned is performing at least one of the functions…