The first restructuring stage started in July 1998 by Government Decisions, further to which RENEL the National Electricity Company-CONEL wad setup.The Company was state-owned and operated under the authority of the Ministry of Industry and Trade. CONEL performed the tasks of transmission, system and market operator and had 100% shares in three affiliates:    

• SC TERMOELECTRICA SA for electricity and heat generation
• SC HIDROELECTRICA SA for electricity generation
• SC ELECTRICA SA for electricity distribution and supply

   Nuclear power - related activities separated from RENEL and were organized as two entities: the National Company "NUCLEARELECTRICA SA" and the National Regie for Nuclear Activities.
   The Romanian Electricity and Heat Regulatory Authority (ANRE) was setup by Emergency Ordinance in October 1998.

History

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