Terna (energy network)
| Terna - Rete Elettrica Nazionale SpA
|
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|---|---|
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| legal form | Società per azioni |
| ISIN | IT0003242622 |
| founding | 1999 |
| Seat |
Rome , Italy
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| management |
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| Number of employees | 4,290 |
| sales | EUR 2.29 billion |
| Branch | Transmission system operator , energy supply |
| Website | www.terna.it |
| As of December 31, 2019 | |
The Terna SpA ( acronym for Trasmissione Elettricità Rete Nazionale ) is an Italian power company based in Rome and the central service provider for the Italian power grid at the highest voltage level (EHV) and high voltage level (HS). Terna maintains more than 90 percent of the Italian electricity network and is the largest electricity network operator in Europe and the sixth largest in the world.
The transport network has a total length of 74,669 km, with 888 substations and four control rooms for network control.
The submarine cable SA.PE.I. , laid and operated in 2010 by Terna in the Tyrrhenian Sea at a depth of 1,640 m . between Sardinia and Latium is the deepest submarine cable in the world.
history
Terna became independent as part of the IPO in 2004 as the electricity grid subsidiary of the Italian energy supplier Enel SpA. The shares of the network company went on the stock exchange for 1.70 euros each. The price was thus set at the lower end of the bookbuilding range. With a volume of 1.48 billion euros, this IPO was one of the largest in Italy. The 870 million shares on offer were almost three times oversubscribed . The majority of the shares were owned by Enel when it was founded.
For many years, the Italian power grid infrastructure was mostly vertically integrated into the Enel group. With increasing pressure to deregulate from the European Union , structural changes began in 1990 with a relevant effect.
The regulatory process required a single, independent operator of the Italian network infrastructure. This process was intended to prevent sectoral influences and, in particular, the influence of dominant suppliers in the monopolistic electricity market. In Italy, the legislator has opted for a regulated, general network access (rTPA). This process is usually accompanied by the transfer of ownership of the networks to an independent network operator (Independent System Operator, ISO).
The so-called “Bersani Decree” (Law n ° 79 of March 16, 1999) came into force on April 1, 1999. It took up the EU directives 96/92 / EC and implemented them in national law. At the time it came into force, Enel owned 87 percent of the Italian high-voltage network and all of the coupling points to the surrounding countries. The formation of a single national distribution network and the establishment of a public limited company responsible for its operation were promoted. Network balancing and network distribution were transferred and controlled by the "Bersani Decree" 1999 in "Gestore della Rete di Trasmissione Nazionale" (GRTN).
Shareholders
(As of May 2020)
- Italian state through the Cassa Depositi e Prestiti (CDP): 29.85%
- Other institutional and individual investors: 70.2% (of which institutional shareholders 53.7% and individual shareholders 16.5%).
Web links
- Terna SpA website (Italian, English)
Individual evidence
- ↑ terna.it - Our managers
- ↑ a b c Annual Report 2019 Integrated Report Terna SpA and Terna Group. (pdf) Terna SpA, accessed September 20, 2019 .
- ↑ terna.it - Introducing Terna
- ↑ terna.it - SA.PE.I. il cavo dei record
- ↑ terna.it - Main shareholders