S.L. 545.41 Art. 14Valuation of substation land.    Cap. 12.

(1) In those circumstances where the distribution system operator is required to compensate the owner for the transfer of such substation land in full ownership, the value of the relevant substation land shall be determined following a valuation made by a perit in accordance with this regulation. If the valuation does not satisfy the requirements referred to in this regulation, the valuation shall be deemed invalid and shall be carried out again:

Provided that the valuation shall be carried out by an independent perit appointed as agreed upon by the distribution system operator and the owner of the substation land.

(2) Every valuation report prepared by a perit appointed by the distribution system operator shall include the methodology used to estimate the value. During the preparation of the valuation report, the perit may seek the aid of other experts in different areas, which aid shall then be indicated in the valuation report.

(3) The valuation report made by the perit shall include the following information:

(a) the date of the valuation;

(b) the state of the property on the date of valuation;

(c) the method used to make such valuations; and

(d) the declaration of the perit and also other experts involved in the valuation, stating that they do not have any conflict of interest as of the date of the valuation.

(4) The fees of the perit appointed externally by the distribution system operator shall be calculated in accordance with

Tariff K of the Code of Organization and Civil Procedure:

Provided that the individual fees for each valuation shall not exceed the amount of two thousand and five hundred euro (€2,500) for each report.

(5) The fees of the perit shall be divided and borne equally between the distribution system operator and the owner of the substation land.