Associate members
- ENEL SHAREHOLDERS The Italian Economy Ministry holds 20.9% of the company directly and another 10.2% indirectly through state-run lender Cassa Depositi e Prestiti, leaving a free-float of some 70%. Shareholders include leading international investment funds, insurance companies and pension funds, ethical funds, along with Italian retail investors. Thanks to its Code of Ethics, Sustainability Report, to its environmental protection policy and the adoption of international best practices for transparency and corporate governance, Enel has been included in the world’s most selective ethical indices, such as the FT4Good and the Dow Jones Sustainability Index. - ENEL BUSINESS DESCRIPTION AND FINANCIAL RESULTS Enel produces and sells electricity mostly in Europe, North and Latin America. In the power business, Enel has 42,000 Megawatt of generating capacity and 30 million electricity customers. Enel is also the second-largest Italian distributor and vendor of natural gas, with over 2 million customers and a 12% market share. The company has about 64,000 employees and operates 43 thermal plants, 495 hydro facilities, 31 geothermal plants, 18 wind farms and 5 photovoltaic plants, in addition to more than a million kilometres of power lines, in Italy and abroad. In 2004, Enel posted revenues of EUR36.5 billion. Earnings before interest and taxes reached EUR6.3 billion in 2004, while net profit was EUR2.7 billion in the same period. Enel was the first utility in the world to replace its customers’ traditional electromechanical meters with modern electronic devices that make it possible to take meter readings in real time and manage contractual relationships remotely. This innovation has enabled Enel to implement time-of-use electricity charges, which offer customer savings for evening and weekend electricity use, an initiative that has attracted interest from many utilities around the world.
Enel is actively seeking expansion abroad in the power and gas market after having completed the sale of non-core assets. Enel runs operations in Spain, America, Bulgaria, Rumania, Russia, Slovakia.
Avv. Ruggero Aricò
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