Consolidated Financial Statements



For Terna, 2009 was the best year in terms of economic results and objectives reached, such as the discounted acquisition of Enel’s high-voltage electricity lines, the premium sale of the entire shareholding in Terna Participações and increased investments for infrastructure development in Italy.
The Company ended 2009 as the best European utility in terms of total shareholder return, creating value for shareholders and stakeholders. Terna’s shares were the only ones in the FTSE Mib to close the year with a record high.