Serbia: The government will (i) legally register the new transmission and dispatch company, which will be owned separately from EPS; and (ii) adopt a time bound action plan for implementation of EPS restructuring covering accounting separation, introduction of transfer prices, labor restructuring, debt restructuring, asset transfer, and other steps necessary to enable the separated companies to function as independent enterprises from July 1, 2005
At P1R5, (i) not done, government to legally register the new electricity transmission and dispatch company,  which will be owned separately from EPS, to allow for the implementation of the EPS restructuring plan.  This portion of the spc was rescheduled to mid-July 2005, and changed to "Government to legally register the new electricity transmission and dispatch company, which will be owned separately from EPS, to allow for the implementation of the EPS restructuring plan."   At P1R5, (ii) was adopted with delay in March 2005.  