According to Bloomberg, electricity consumption in Czech Republic decrease by 3.1% y/y in 1H07. The reason for lower consumption was the warm winter in 1Q07. The production in June decrease due to scheduled outage of Temelin blocks and reconstruction of Tusimice power plant. Our view: We see the news as neutral as we already factored in the warm winter in 1Q07 and the scheduled outages in our valuation.