Operational risks: risks connected with NTG malfunction

The Terna Group conducts operations that are exposed to the risk of malfunction or unexpected service interruptions caused by events that are beyond Terna’s control, such as accidents, defects or breakdowns involving control systems or other equipment, deteriorating plant performance, natural disasters, terrorist attack, and other such extraordinary events. Restoration of elements of the part of the NTG owned by the Group and any damages for losses to third parties as a result of such events could, in principle, give rise to costs if the Group is found liable. Specific insurance policies are in place to mitigate the risks in respect of operating activities.