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Home > Company Index > Utilities > Electric Utilities > Red Eléctrica de España, S.A.
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Red Eléctrica de España, S.A. |
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PROFILE |
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Ready or not, utility deregulation is here. In Spain, Red Eléctrica de España (REE) operates and coordinates the electrical transmission grid in the newly competitive marketplace; it also handles international energy agreements. REE's system includes more than 18,500 kilometers of high-voltage transmission lines and about 125 substations. Using surplus capacity on its fiber-optic network (which runs alongside its power lines), REE is looking to offer telecom services. The firm is also expanding into Eastern Europe, the Mediterranean area, and Latin America, and it owns 30% of Peru's REDUSUR, which builds power lines and substations in southern Peru. SEPI, a Spanish-government holding group, owns about 29% of REE.
COMPETITION |
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Endesa S.A. (ELE)
Iberdrola S.A. (IBE)
Unión Eléctrica Fenosa, S.A. (UNF)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 529.30
1-Yr. Sales Growth: (3.2)%
Employees: 981
Revenue per employee: $539,551.48
KEY PEOPLE |
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Pedro Mielgo Álvarez
CEO
D. Fernando Aranguren González-Tarrio
CFO
CONTACT INFO |
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Paseo del Conde de los Gaitanes, 177
28109 Madrid, Spain
Phone: 34-91-650-85-00
Fax: 34-91-650-45-42
Online: Web Site
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