Annual Report 2010 - Enel.com

The following table summarizes the relationships:
Balance sheet Income statement
Millions of euro Receivables Payables Revenues Costs
at Dec. 31, 2010 2010
Single Buyer 80 1,059 1,746 6,066
Energy Markets Operator 722 632 4,202 3,548
Terna 199 422 1,291 1,986
Eni 7 41 229 661
Energy Services Operator 12 421 232 35
Italian Post Office 2 39 - 160
Other 3 43 1 123
Total 1,025 2,657 7,701 12,579
The following table shows transactions with associated companies outstanding at December 31, 2010 and carried out
during the year, respectively.
Balance sheet Income statement
Millions of euro Receivables Payables Revenues Costs
at Dec. 31, 2010 2010
Enel Rete Gas 37 106 62 316
SeverEnergia 69 - 4 -
Elica 2 2 1 - -
CESI 1 14 1 23
LaGeo 7 - - -
Other companies 72 12 4 4
Total 188 133 71 343
In November 2010, the Board of Directors of Enel SpA approved
a procedure governing the approval and execution
of transactions with related parties undertaken by Enel
SpA either directly or indirectly through its subsidiaries.
The procedure (which can be found at http://www.enel.
com/it-IT/group/governance/principles/related_parts/)
sets out rules designed to ensure the transparency and
procedural and substantive propriety of transactions with
related parties. It was adopted in implementation of the
provisions of Article 2391-bis of the Italian Civil Code and
the implementing rules established by CONSOB. It replaces,
with effect from January 1, 2011, the rules governing
transactions with related parties approved by the Board of
Directors of Enel SpA on December 19, 2006 in implementation
of the recommendations of the Corporate Governance
Code for listed companies, the provisions of which
were in effect until December 31, 2010.
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