Company

The Grid, development driver

Terna is a leading grid operator for electricity transmission, chaired by Chairman Luigi Roth, and headed by CEO Flavio Cattaneo. With over 63,000 km of electricity lines, Terna is the main owner of the high voltage National Electricity Transmission Grid, first in Europe among independent grid operators and seventh in the world.
For years, the Terna Group has been an Italian outstanding example, with 3,500 professionals involved daily in the safety of the national electricity system. The Company is responsible for the electricity grid’s planning, development and maintenance joining technological expertise and innovation in line with the international best practices. It is responsible for safely transmitting and managing the electricity flow in Italy, 365 days a year, guaranteeing the balance between
electricity demand and supply.

The Terna Group represents an example of excellence as an independent Transmission Grid Operator in line with the unbundling model established in the 3rd energy package of the European Union. Terna is also a founding member of the ENTSO-E, the important European network of the Grid Operators that operates as a EU cooperation body for promoting the internal energy market and cross-border exchanges as well as guaranteeing the coordinated management and development of the electricity transmission grids. ENTSO-E includes the participation of 41 grid operators from 34 countries with the principal objective of drafting European grid codes and adopting a ten year development plan of the electricity grid at the EU level as well as implementing medium and long term outlooks regarding the adequacy of the electricity system’s generation capacity. Terna has been listed in the Italian Stock Exchange since 2004 (ticker Bloomberg: TRN IM; ticker Thomson-Reuters: TRN.MI).
The Major Shareholder is Cassa Depositi e Prestiti with 29,86%. 67% of the share capital is owned by Italian investors while 33% belongs to over 300 foreign Institutional Investors, increased by over 50% by the IPO.Terna’s other principal shareholders include: Enel with 5.1%, Romano Minozzi with 4.4%, Pictet Funds (Europe) S.A. with 2.8% and BlackRock Inc. with 2.2 % and Assicurazioni Generali with 2%. The remaining share capital is divided among Institutional and Retail Investors. This situation is in line with the Corporate Mission: ensuring with features of the services sector a public service such as electricity transmission and creating value for shareholders.