Terna (company)
Encyclopedia
Terna S.p.A. - Rete Elettrica Nazionale is a company based in Rome
which owns and operates around 98% of the Italian
high-voltage power transmission grid
. Formerly a wholly owned subsidiary
of Enel
, the company was IPO
-ed in 2004. Enel continues to hold around 5% of the firm, with the major shareholder being the state-controlled Cassa Depositi e Prestiti
with approximately 30%. The company also holds interests in the Brazil
ian electricity transmission market. Terna is listed on the Borsa Italiana
and a constituent of the FTSE MIB index.
, with 29.85% of shares. Among the principal shareholders of the company: Enel with 5.1%, Romano Minozzi with 4.9%, Pictet Funds Europe S.A. with 2.8%, Blackrock Inc. with 2.1% and Assicurazioni Generali with 2%. The remaining nearly 53.3% is held by other institutional and reatil investitors. and retail investors. 67% of its share capital is held by Italian shareholders, while the remaining 33% is held by foreign institutional investors. (May 30, 2011)
Terna is the best European company of the last three years, according to returns.
This was announced by the Edison Electric Institute
- EEI "International Utility Award"
Rome
Rome is the capital of Italy and the country's largest and most populated city and comune, with over 2.7 million residents in . The city is located in the central-western portion of the Italian Peninsula, on the Tiber River within the Lazio region of Italy.Rome's history spans two and a half...
which owns and operates around 98% of the Italian
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
high-voltage power transmission grid
Electric power transmission
Electric-power transmission is the bulk transfer of electrical energy, from generating power plants to Electrical substations located near demand centers...
. Formerly a wholly owned subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of Enel
Enel
Enel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...
, the company was IPO
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
-ed in 2004. Enel continues to hold around 5% of the firm, with the major shareholder being the state-controlled Cassa Depositi e Prestiti
Cassa depositi e prestiti
Cassa Depositi e Prestiti is an Italian bank founded 1850 in Torino and constituted in its current form as joint-stock company on December 12, 2003...
with approximately 30%. The company also holds interests in the Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian electricity transmission market. Terna is listed on the Borsa Italiana
Borsa Italiana
The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...
and a constituent of the FTSE MIB index.
History
On 31 May 1999, Terna is established within the Enel Group, by way of implementation of Italian Legislative Decree No. 79/99 which within the context of the process for the deregulation of the Italian electricity sector, sanctioned the separation between ownership and management of the national transmission grid. On 11 May 2004, the Prime Minister's Decree is issued which establishes the criteria, formalities and conditions relating to the unification between the ownership and the management of the national transmission grid, and the corporate governance system.Activities
Terna is the electricity transmission system operator. Terna owns 63578 kilometres (39,505.6 mi) in Italy.Shareholders
Terna has been listed in the Italian Stock Exchange since 2004. Its major shareholder is Cassa Depositi e PrestitiCassa depositi e prestiti
Cassa Depositi e Prestiti is an Italian bank founded 1850 in Torino and constituted in its current form as joint-stock company on December 12, 2003...
, with 29.85% of shares. Among the principal shareholders of the company: Enel with 5.1%, Romano Minozzi with 4.9%, Pictet Funds Europe S.A. with 2.8%, Blackrock Inc. with 2.1% and Assicurazioni Generali with 2%. The remaining nearly 53.3% is held by other institutional and reatil investitors. and retail investors. 67% of its share capital is held by Italian shareholders, while the remaining 33% is held by foreign institutional investors. (May 30, 2011)
Terna is the best European company of the last three years, according to returns.
This was announced by the Edison Electric Institute
Edison Electric Institute
The Edison Electric Institute is the association of United States shareholder-owned electric power companies. Its members serve 95 percent of the ultimate customers in the shareholder-owned segment of the industry, and represent approximately 70 percent of the U.S. electric power industry...
- EEI "International Utility Award"
External links
- Corriere Economia http://rassegnastampa.mef.gov.it/mefeconomica/View.aspx?ID=2010051715717598-1
- Corriere della SeraCorriere della SeraThe Corriere della Sera is an Italian daily newspaper, published in Milan.It is among the oldest and most reputable Italian newspapers. Its main rivals are Rome's La Repubblica and Turin's La Stampa.- History :...
http://archiviostorico.corriere.it/2010/marzo/08/Aziende_Chi_vaccinato_contro_corruzione_ce_0_100308031.shtml