TERNA Rete Elettrica Nazionale SpA history, profile and history video

TERNA Rete Elettrica Nazionale SpA is a holding company, which is a grid operator for the transmission of electricity. It operates two business: Core and Non-Core. The Core business includes the development, operation and maintenance of the national transmission grid in addition to dispatching. The Non-Core business includes specialized services provided to third parties mainly relating to systems engineering services, the operation and maintenance of high and very high voltage plants and the housing of telecommunications equipment and optic fiber grid maintenance services. The company was founded on May 1, 1999 and is headquartered in Rome, Italy.

“Terna History

Terna Rete Elettrica Nazionale SpA has been an industrial reality providing services to the country for years. The changes that occurred in the energy sector in these past years, such as the liberalization of the electricity market, the privatization of the grid’s ownership as well as the growth of many different market competitors in Italy and abroad, included Terna among the main players of the national energy and industrial scene. The unification between ownership and management of the National Transmission Grid became effective on November 1, 2005 and the appointment of the new Board of Directors and of Luigi Roth and Flavio Cattaneo, as Chairman and CEO, respectively, marked the beginning of a new direction, while continuing to move in the path that was already undertaken in the past. The meeting held in May 2011 reconfirmed for the third three-year period Luigi Roth as Chairman and, heading the company, Flavio Cattaneo as CEO. Terna’s history is built day by day, and from 2005 to 2010 there have been five consecutive years of success for the company in the fields of economy, finance, technology and development. With a stock market value that increased by over 66% from 2005 to 2010, Terna was confirmed as among the leading companies in the Italian Stock Exchange. Its capitalization increased from 3.9 billion euros in November 2005 to over 6.6 billion euros in November 2010. 2011, marked by serious economic turmoil in Europe and despite the negative impact of applying the Robin Hood Tax, Terna’s shares nonetheless recorded a performance that was better than that of the FTSE MIB index. During the five year period, grid investments reached 4 billion euros – doubling the amount that was included in the 2006 Plan – with 2,200 km of new power lines, a value exceeding 10 times that of 220 km of electricity lines built in 2005. The 2012-2016 Strategic Plan approved by the Board of Directors includes 4.1 billion euros of investments for the electricity grid of the future and 1.9 billion euros for non-traditional activities. As announced to the financial community in 2011, Terna finalized a new organization with a renewed corporate structure: as of April 2012, the Terna Group is formed by a holding, Terna SpA, with two entirely owned operating companies: Terna Rete Italia and Terna Plus, each one with its own CEO and Board of Directors. The new structure was planned with the objective of maximizing efficiency in managing and implementing major infrastructural works and the knowledge of the electricity market.”

*Information from Forbes.com and Terna.it

**Video published on YouTube by “ternaenergia


Electric Utilities