| Business Summary | | Enel
Societa
Per
Azioni
(Enel)
is
the
principal
electricity
company
in
Italy
and
the
largest
traded
electric
utility
worldwide
with
the
leading
position
in
the
generation,
transmission,
distribution
and
supply
of
electricity.
The
Company
serves
more
than
29
million
customers.
As
of
June
30,
2000,
Enel
had
net
installed
capacity
of
about
56,000
MW
(megawatts).
Enel's
most
significant
business
outside
its
core
electricity
operations
is
its
56.6%
interest
in
WIND,
a
joint
venture
in
the
telecommunications
industry
with
France
Telecom,
and
the
recent
acquisition
of
Infostrada
from
Vodafone.
In
1999,
Enel
established
Erga
as
a
wholly
owned
subsidiary
to
grow
its
existing
set
of
competencies
and
assets
in
the
renewable
energy
segment
of
its
business.
Erga
has
389
power
plants
and
a
combined
generating
capacity
of
approximately
2,000
MW. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Enel
Societa
Per
Azioni
is
a
electric
utility
engaged
in
the
generation,
transmission,
distribution
and
supply
of
electricty.
For
the
fiscal
year
ended
12/31/00,
revenues
rose
20%
to
LIR48.62
billion.
Net
income
according
to
U.S.
GAAP
adjustment
decreased
20%
to
LIR3.57
billion.
Revenues
benefitted
from
lower
tariffs
that
came
into
effect
on
1/1/00.
Net
income
was
offset
by
increased
fuel
expenses
due
to
higher
average
market
prices
for
fuel. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Chicco Testa | Chairman | Francesco Tato | CEO | Alfonso Limbruno | Vice
Chairman |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|