Gradual transition process that IEC is to undergo in its corporate structure leading to the company operating several generation subsidiaries which will operate on the basis of a similar fuel mix and which will operate as essential service providers. The company will later establish and operate several distribution subsidiaries which will each operate in a defined geographic area and in addition a transmission subsidiary. In addition the management of the company’s systems, commerce and other functions relating to development in the electricity sector and planning will also be under a separate company