The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Dong Jin Kang - Hyundai Motor Securities Co. Ltd, Research Division - Analyst
: [Interpreted] My -- I have a follow-up question on ETS. You said it's negative KRW 59.6 billion. Would -- does that mean that, that money was credited
back to the accounting? How does that work?
Unidentified Company Representative
[Interpreted] Yes, that is correct. It is credited back to our accounting.
Question: Kyung-Won Moon - Meritz Securities Co., Ltd., Research Division - Analyst
: [Interpreted] I have 2 questions. First is, we had the effect of typhoon in September, and we're aware that one of the nuclear power plant was
suspended. Is it up and running once again? If not, when will the operation reconvene? And another question related to nuclear power plant is
that there has been some defect that was discovered for Hanbit #3 and #4, and the -- their operation were suspended. What is update on that?
And the second question is that although the numbers were not provided, we've been hearing from the media that the government will soon have
ceilings for coal-based power generation and also there would be some adjustment on coefficient. So does KEPCO's management have view on
how this will likely head toward -- in the future? Will that -- how will it affect the ETS cost as well as coal utilization?
Unidentified Company Representative
[Interpreted] To answer your first question, due to the effect of typhoon in September, 7 of our nuclear power plant was suspended in operation.
Six of them were up and running again in end of September and early October. Shin-Hanul No. 2 -- or Shin Wolsong No. 2 has closed its -- Shin
Wolsong No. 2 -- which one, I'm sorry? Wolsong No. 2 has approached its planned maintenance period, and it will go back to its operation again
in early December.
For Hanbit #3 and #4, it is currently going through planned maintenance at the moment. And Hanbit #3 will start its operation within this month.
And for #4, the recommencement will begin in early March.
To answer your second question, we will be announcing the 9th basic plan, well, soon, and the effect would be on the BM -- currently, the 2 factors
that you mentioned on BM coefficient and coal usage -- utilization plan is not yet fixed as of yet, so it's rather too early for us to understand how it
will impact the core utilization and ETS cost going forward. Once that is announced, the BM -- once that is announced, we will then need to
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NOVEMBER 12, 2020 / 7:00AM, 015760.KS - Q3 2020 Korea Electric Power Corp Earnings Call (English,
Korean)
understand how the coal usage will be limited by year or how the BM coefficient will be applied. And hence, because we're unable to have access
to this information yet, we have not had a review on the impact.
Once the 9th basic plan is announced, we will go ahead and review the impact on KEPCO based on BM coefficient and the coal total usage plan,
and then we will communicate that back to the market through our IR team.
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