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Home > Company Index > Utilities > Diversified Utilities > AEM S.p.A.

AEM S.p.A.
 PROFILE
AEM is breaking up over deregulation in Italy. The municipal utility supplies electricity and natural gas in Milan. With nearly 1.3 million customers, the company is creating three separate subsidiaries to handle energy transmission, electricity distribution and sales, and natural gas distribution and sales. AEM is expanding beyond Italy's borders, with investments in Russia and Slovenia. The company is forming joint ventures to purchase some of utility giant ENEL's generation capacity (which ENEL is being forced to divest under deregulation), sell wholesale electricity, build cogeneration facilities, and expand its telecommunications and natural gas services. The City of Milan controls 51% of AEM.

 COMPETITION
ACEA S.p.A. (ACE)
Enel S.p.A. (EN)
Montedison S.p.A. (M0)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 668.60
1-Yr. Sales Growth: 11.2%
Employees: 2,750
Revenue per employee: $243,127.27

 KEY PEOPLE
• Giuliano Zuccoli
    CEO
• Stefano Cetti
    CFO

 CONTACT INFO
Corso di Porta Vittoria 4
20122 Milan, Italy
Phone: 39-02-7720-1
Fax: 39-02-7720-3920
Online: Web Site

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