The Company

Terna is a leading grid operator for the transmission of electricity, chaired by Chairman Luigi Roth, and headed by CEO Flavio Cattaneo. With over 60,000 km of power lines, Terna is the main owner of the high-voltage National Transmission Grid, first in Europe among independent grid operators and seventh in the world. It is responsible for safely transmitting and managing the national electricity flows 365 days a year, 24 hours a day, guaranteeing the balance between electricity demand and supply. Furthermore, Terna is responsible for the electricity grid’s planning, maintenance and development, joining technological expertise and know-how for improving its efficiency.
Terna belongs to the ENTSO-E, one of the most important sector associations in the world that coordinates electricity transmission in continental Europe. 42 electricity operators from 34 European countries belong to ENTSO-E with the main objective of guaranteeing the safety of the interconnected electricity systems.

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 29.99% of shares. 64% of the share capital is owned by Italian investors while 36% belongs to foreign institutional investors. The Company’s principal shareholders include Enel with 5.1%, Pictet Fund Europe S.A. with 4.9%, BlackRock Inc. with 2% and Assicurazioni Generali with 2%. The remaining 56% approximately is divided among institutional and retail investors. These shareholders guarantee the Company’s mission to its best: on one hand, ensuring a general interest and independent service such as electricity transmission and on the other, creating value for shareholders focusing on results.