Enel
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| Type | Public (BIT: ENEL) |
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| Founded | 27 November 1962 |
| Founder(s) | Italian government |
| Headquarters | Rome, Italy |
| Area served | Italy, Spain, France, Belgium, Greece, Bulgaria, Slovakia, Romania, Russia, USA, Chile, Nicaragua, El Salvador, Panama, Costa Rica, Brazil |
| Key people | Fulvio Conti (CEO), Piero Gnudi (Chairman of the board) |
| Industry | Energy |
| Products | Natural gas and electricity generation and distribution |
| Revenue | €61.18 billion (2008)[1] |
| Operating income | ▲ €9.451 billion (2008)[1] |
| Profit | ▲ €5.293 billion (2008)[1] |
| Employees | 75,980 (2008)[1] |
| Subsidiaries | Endesa, Empresa Nacional de Geotermia, Enel Brasil Partecipações, Enel North America Inc. |
| Website | www.enel.com |
Enel (Ente Nazionale per l'Energia eLettrica) is an Italian energy provider, the third-largest in Europe by market capitalization.[2] Formerly a state-owned monopoly, it is now partially privatised with Italian government control: the largest shareholders are the Italian Ministry of Economy & Finance (21.4%) and the state-run bank Cassa Depositi e Prestiti (10.2%).
Its stock is traded on the Milan Stock Exchange under the symbol 'Enel'. In late 2007, Enel began formal proceedings to delist its American Depositary Receipts from the New York Stock Exchange. The formerly sponsored depositary receipts now trade over the counter in the U.S. with very light trading volume under the symbol ENLAY. Dividend yield is currently around 19% (2008).
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[edit] Company profile
Enel is Italy’s largest power company. Listed on the Milan stock exchange since 1999, Enel has the largest number of shareholders of any European company, at some 2.3 million. It has a market capitalisation of about EUR 50 billion at current prices. In 2007 it acquired 67.05% of Spain's main energy provider Endesa and in February 2009 completed the full acquisition of it.
[edit] Business overview
Enel produces and sells electricity mostly in Europe, North and Latin America. In the power business, Enel has 50,776 megawatts (MW) of generating capacity and has 32 million electricity customers. Enel is also the second-largest Italian distributor and vendor of natural gas, with over 2.3 million customers and a 12 % market share.
Enel still controls most of the low voltage wires in Italy but due to the Decreto Bersani has been forced to create Terna in 1999 and sell it on, keeping only around 5% of it in 2008. Terna owns about 90% of the voltage wires in Italy.
In the first week of March 2008, Enel has begun building the world's first hydrogen-powered thermal powerplant near Venice. The hydrogen will be harnessed from the byproducts of the nearby oil refinery of Porto Marghera. The projected output is in the megawatt range.
[edit] References
- ^ a b c d "Annual Report 2008". Enel. http://www.enel.it/azienda/en/investor_relations/bilanci_documenti/doc/2008BILCONS/Annual_Report_ing.pdf. Retrieved on 2009-07-04.
- ^ Jewkes, Stephen (27 February 2009). "Enel eyeing capital hike as option, shares drop". Reuters. http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSLR48905320090227. Retrieved on 2009-07-04.
[edit] External links
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