OUR STORY Home About Us Our story Share From a Monopoly to deregulation of the electricity market up until today, with Terna as leader of the energy transition THE PRESENT DAY 2020 - 2021 A new Board of Directors is elected in May 2020, with Stefano Antonio Donnarumma appointed Chief Executive Officer and General Manager, the arrival of new managers in key roles and the election of Valentina Bosetti as Chairwoman. The “Driving Energy” Industrial Plan On 19 November, the new “Driving Energy” Industrial Plan for the period 2021- 2025 is presented. The Plan is based on sustainable investment in the national transmission grid (Regulated Activities), which continues to represent the Group’s core business. A record €8.9 billion is to be invested over the life of the Plan, marking an increase of 22% compared with the previous Plan and reinforcing Terna’s central role in enabling and driving the ecological transition. Acquisition of BRUGG CABLES As part of the Group’s growth strategy, in February 2020, acting through its subsidiary, Terna Energy Solutions S.r.l., Terna completed the acquisition of a 90% interest in Brugg Kabel AG (a Brugg group company), one of Europe’s leading manufacturers of terrestrial cables. 2017 – 2020 The reorganisation of Non-regulated Activities and the development of new businesses overseas In August 2018, the partial demerger of Terna Plus S.r.l. (a wholly-owned subsidiary of the Parent Company, Terna S.p.A.), and the transfer of the demerged assets to a newly established company named Terna Energy Solutions S.r.l., came into effect. The latter’s business is focused on energy market solutions. Terna Plus will now be responsible for the Group’s development and plant construction activities in South America and, more generally, for the development of new businesses around the world. The energy bridge with the Balkans On 15 November 2019, the President of Italy, Sergio Mattarella, attended Terna’s inauguration of the Italy-Montenegro interconnector: extending for 445 km, the connector is the longest ever built by Terna and links the Cepagatti substation, located in the province of Pescara, and the Lastva substation in the town of Kotor, in Montenegro. It is the first “electricity bridge” between Italy and the Balkans, a key link that will enable Italy to reinforce its role as a European and Mediterranean electricity transmission hub. THE NEW TERNA 2014 - 2016 European leadership consolidated with new investments In 2015, Terna acquires the Ferrovie dello Stato group’s high-voltage grid for €757 million, consolidating its leadership in Europe with approximately 72,600 km of grid managed. Terna’s value has more than doubled since its IPO. In 2016, Terna focuses on strategic power lines. The Villanova-Gissi and SorgenteRizziconi lines enter service. The latter is a record-breaking power line, connecting Sicily and Calabria and the Italian Peninsula with the rest of Europe via the country’s high-voltage electricity system. 2013 - 2009 Terna becomes the largest TSO in Europe Terna acquires 18,600 km of highvoltage lines from Enel, thereby becoming the leading independent grid operator in Europe and the seventh largest in the world. Terna now owns 98.6% of Italy’s national grid. Shareholder value grows In 2009, Terna sells 66% of the Brazilian subsidiary, Terna Participações, to Cemig, recording a gain of over €400 million, some of which is invested in development of the Italian electricity network and some is returned cash to shareholders. New infrastructure projects and growing success of Non-Regulated activities In 2011, Terna develops infrastructure of international excellence. The SA.PE.I. line (Sardinia to the mainland) starts operating, as does the Chignolo Po-Maleo line in Lombardy. Work begins on the Sorgente-Rizziconi line (linking Sicily and Calabria). Two new operating companies are established in 2012: Terna Rete Italia S.p.A., responsible for regulated activities, and Terna Plus S.r.l., with responsibility for expanding the Non-regulated services. 2004 - 2008 Terna’s Initial Public Offering Terna’s Initial Public Offering A Cabinet Office Decree gives the Group a new corporate governance system, designed to guarantee the neutrality and impartiality of Terna’s management. In June 2004, 50% of the Company’s share capital is floated on the Italian Stock Exchange (in the Blue Chip segment). Unification of the roles of Transmission Operator and System Operator Terna’s new mission to serve the country In 2005, ownership and management of the grid are combined. This marks the culmination of a process that began in 1999 and the start of a new stage in Terna’s mission to serve the country. In this period, the Company records continuous growth, acquiring many portions of the grid from other operators. To safeguard Terna’s independence as the National Transmission Grid Operator, the Ministry of the Economy and Finance acquires a 29.99% stake in Terna through CDP (Cassa Depositi e Prestiti). ORIGINS 1962 - 1999 From a Monopoly to an Independent System Operator Terna’s principal activities are rooted in Italy’s history: in 1962, Law 1943 paves the way for nationalisation of the electricity industry, handing ENEL responsibility for all the stages of the electricity supply chain, previously in private hands. The monopoly operator is able to complete electrification of the Italian Peninsula, but the driving force behind the changes that have led to the current operating environment is the process of deregulation promoted by the European Union aimed at making grid management independent. In implementation of Decree 79 of 16 March 1999, focused on separation of ownership the National Transmission Grid from management of the grid itself (involving transmission and dispatching) along the lines of the so-called “Independent System Operator” model, two new companies are established: Terna, owner of the Italian transmission grid, and GRTN (the National Transmission Grid Operator). Terna is founded in 1999 following the liberalization of the electricity sector, with Enel as the main shareholder. The logo, reflecting the governance structure, appears as a variation of Enel’s corporate identity. The company's core business can be easily identified, as well as its role in the Italian electricity system. TERNA IS THE FIRST GRID OPERATOR FOR ELECTRICITY TRANSMISSION IN EUROPE. WE PROMOTE THE ENERGY TRANSITION AND SUSTAINABLE DEVELOPMENT BY FOCUSING ON PEOPLE AND INNOVATION. We work every day to build an atmosphere of dialogue and trust in local areas, to which we bring a vital asset for everyone’s economic and social lives: electricity. > FIND OUT MORE Useful links CALENDAR GENERAL ARCHIVE CERT REAL ESTATE ASSETS ACCESSIBILITY PRIVACY COOKIE DECLARATION LEGAL NOTICE INSERT CV Portals PURCHASES SUPPLIERS QUALIFICATION GAUDI GSTAT ENERGY DISTRIBUTORS MY TERNA TITOLARI RTN OUR SITES: OPEN AND TRANSPARENT SETTLEMENT CERTIFICATION WHISTLEBLOWING TERNA PLUS TERNA S.p.A. - Capitale sociale € 442.198.240 interamente versato - Sede Legale in Italia, Viale Egidio Galbani, 70 - 00156 Roma - Tel +39 06 83138111 Registro delle Imprese di Roma - Codice fiscale e Partita IVA 05779661007 - R.E.A. di Roma 922416