
Article 1 
The recognition by the Kingdom of Spain of the costs incurred by distributors in supplying electricity to medium-sized and large business end-users at regulated tariffs during 2005 in the form of the collection rights of Iberdrola, SA, Unión Eléctrica Fenosa, SA, Hidroeléctrica del Cantábrico, SA, Endesa, SA and Elcogás, SA established in Royal Decree-Law 5/2005 does not constitute State aid within the meaning of Article 107(1) of the Treaty on the Functioning of the European Union.
Article 2 
This Decision is addressed to the Kingdom of Spain.
Done at Brussels, 4 February 2014.
For the Commission
Joaquín ALMUNIA
Vice-President