Annual Report 2010 - Enel.com

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Company name Registered office Country Activity Share capital Currency Held by % holding Enel Latin America BV Amsterdam Netherlands Electricity generation from renewable resources Enel Latin America Santiago Chile Electricity generation from (Chile) Ltda renewable resources 300 Enel Annual Report 2010 Attachments 244,450,298.00 EUR Enel Green Power International BV 20,455,970,775.00 CLP Hydromac Energy BV Group % holding 100.00% 69.17% Energía Alerce Ltda 99.99% Enel Nevkan Inc. Wilmington USA Holding company - USD Enel North America 100.00% 69.17% (Delaware) Inc. Enel North America Inc. Wilmington USA Holding company 50.00 USD Enel Green Power 100.00% 69.17% (Delaware) International BV Enel Panama SA Panama Panama Holding company 3,000.00 USD Enel Latin America BV 100.00% 69.17% Enel Salt Wells LLC Wilmington USA Electricity generation from - USD Enel Geothermal LLC 100.00% 69.17% (Delaware) renewable resources Enel Stillwater LLC Wilmington USA Electricity generation from - USD Enel Geothermal LLC 100.00% 69.17% (Delaware) renewable resources Enel Surprise Valley LLC Wilmington USA Electricity generation from - USD Enel Geothermal LLC 100.00% 69.17% (Delaware) renewable resources Enel Texkan Inc. Wilmington (Delaware) USA Holding company - USD Chi Power Inc. 100.00% 69.17% Enel Washington Wilmington USA Holding company - USD Chi Acquisitions Inc. 100.00% 69.17% Dc Lld (Delaware) Enel.Si - Servizi Rome Italy Plant engineering and 5,000,000.00 EUR Enel Green Power SpA 100.00% 69.17% Integrati Srl energy services Enelpower do Brasil Rio de Janeiro Brazil Electrical engineering 1,242,000.00 BRL Enel Brasil 99.99% 69.18% Ltda Participações Ltda Enel Latin America BV Enercampo - Produçao Porto Portugal Cogeneration of electricity 249,400.00 EUR Finerge - Gestao de de Energia Lda and heat Projectos Energéticos SA Energía Alerce Ltda Santiago Chile Holding company 1,360,670.00 CLP Hydromac Energy BV Energia Eolica Srl Rome Italy Electricity generation from renewable resources Energía Global de Mexico City Mexico Electricity generation from Mexico (Enermex) SA de Cv renewable resources Energía Global San José Costa Rica Electricity generation from Operaciones SA renewable resources Energía Nueva Energía Mexico City Mexico Electricity generation from Limpia Mexico Srl de Cv renewable resources Energía Nueva de Iggu Mexico City Mexico Electricity generation from Srl de CV renewable resources 0.01% 0.01% 69.17% 100.00% 78.32% 99.90% 69.17% Enel Green Power International BV 0.10% 4,840,000.00 EUR Enel Green Power SpA 51.00% 35.28% 50,000.00 MXN Enel Latin America BV 99.00% 68.48% 10,000.00 CRC Enel de Costa Rica SA 100.00% 69.17% 5,339,650.00 MXN Enel Guatemala SA Enel Latin America BV 3,000.00 MXN Impulsora Nacional de Electricidad Srl de Cv Energética Mataró SA Barcelona Spain Construction and 484,150.00 EUR Energía Nueva Energía Limpia Mexico Srl de Cv Enel Green Power operation of industrial España SL (formerly waste disposal plant Endesa Cogeneración y Renovables SA) Energías de Aragón Zaragoza Spain Electricity generation 18,500,000.00 EUR Enel Green Power II SL España SL (formerly Endesa Cogeneración y Renovables SA) Energías de Graus SL Barcelona Spain Hydroelectric plants 1,298,160.00 EUR Enel Green Power España SL (formerly Endesa Cogeneración y Renovables SA) Energías de La Mancha Villarta de San Spain Biomass 279,500.00 EUR Enel Green Power SA Juan (Ciudad España SL (formerly Real) Endesa Cogeneración y Renovables SA) 0.01% 99.99% 99.90% 0.10% 69.17% 69.17% 85.00% 66.58% 100.00% 78.32% 66.67% 52.22% 68.42% 53.59%
Company name Registered office Country Activity Share capital Currency Held by % holding Enerlive Srl Cosenza Italy Electricity generation from renewable resources Enernisa - Produçao de Porto Portugal Cogeneration of electricity Energia Lda and heat Enerviz - Produçao de Energia de Vizela Lda Eol Verde Energia Eólica SA Eolcinf - Produçao de Energia Eólica Lda Eolflor - Produçao de Energia Eólica Lda Porto Portugal Cogeneration of electricity and heat Porto Portugal Water treatment and distribution Porto Portugal Electricity generation from renewable resources Porto Portugal Electricity generation from renewable resources Essex Company Boston USA Electricity generation from (Massachusetts) renewable resources Explotaciones Eólicas Zaragoza Spain Electricity generation from de Escucha SA renewable resources Group % holding 6,520,000.00 EUR Maicor Wind Srl 100.00% 41.50% 249,400.00 EUR Finerge - Gestao de Projectos Energéticos SA 673,380.00 EUR Finerge - Gestao de Projectos Energéticos SA 50,000.00 EUR Finerge - Gestao de Projectos Energéticos SA 5,000.00 EUR Finerge - Gestao de Projectos Energéticos SA 5,000.00 EUR Finerge - Gestao de Projectos Energéticos SA - USD Enel North America Inc. 3,505,000.00 EUR Enel Green Power España SL (formerly Endesa Cogeneración y Renovables SA) Explotaciones Eólicas El Teruel Spain Electricity generation from 3,230,000.00 EUR Enel Green Power Puerto SA renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Explotaciones Eólicas Zaragoza Spain Electricity generation from 5,488,500.00 EUR Enel Green Power Saso Plano SA renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Explotaciones Eólicas Zaragoza Spain Electricity generation from 8,046,800.00 EUR Enel Green Power Sierra Costera SA renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Explotaciones Eólicas Zaragoza Spain Electricity generation from 4,200,000.00 EUR Enel Green Power Sierra La Virgen SA renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Eólica de La Cuenca Asturias Spain Wind plant development 30,000.00 EUR Enel Green Power Central Asturiana SL España SL (formerly Endesa Cogeneración y Renovables SA) Eólica del Noroeste SL La Coruña Spain Wind plant development 36,100.00 EUR Enel Green Power España SL (formerly Endesa Cogeneración y Renovables SA) Eólica Valle del Ebro SA Zaragoza Spain Electricity generation from 5,559,340.00 EUR Enel Green Power renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Eólicas de Agaete SL Las Palmas de Spain Electricity generation from 240,400.00 EUR Enel Green Power Gran Canaria renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Eólicas de Fuencaliente Las Palmas de Spain Electricity generation from 216,360.00 EUR Enel Green Power SA Gran Canaria renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) Eólicas de Tirajana AIE Las Palmas de Spain Electricity generation from - EUR Enel Green Power Gran Canaria renewable resources España SL (formerly Endesa Cogeneración y Renovables SA) 100.00% 78.32% 100.00% 78.32% 75.00% 58.75% 51.00% 39.95% 51.00% 39.95% 100.00% 69.17% 70.00% 54.83% 73.60% 57.65% 70.00% 54.83% 90.00% 70.49% 90.00% 70.49% 100.00% 78.32% 51.00% 39.95% 50.50% 39.56% 80.00% 62.66% 55.00% 43.08% 60.00% 46.99% 301
Page 1:
Annual Report 2010
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Contents Enel Annual Report 2010 Re
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Report on operations
Page 9 and 10:
Iberia and Latin America Endesa Int
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operates in the end-user market for
Page 13 and 14:
Powers Board of Directors The Board
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The contribution of the operating D
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The Spanish market saw a turnaround
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30.8% of its shares are listed on t
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of 21.4%). More specifically, the p
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Millions of euro Operating assets O
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21 10 January Acquisition of Padoma
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19 April €10 billion revolving li
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1 July Sale of power transmission n
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11 10 November Enel and Kepco sign
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of industrial economies (such as Ge
Page 35 and 36:
inventories at their highest level
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Italy The electricity market Domest
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gradually increasing use, as from 2
Page 41 and 42:
information on customers who have f
Page 43 and 44:
Following the hearing of February 1
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With Resolution ARG/elt no. 211/10,
Page 47 and 48:
Gas transport and metering rates Wi
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With Resolution VIS no. 162/10, the
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Developments in prices in the main
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lished on January 26, 2011, the Min
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On July 2, 2010, the CNC had undert
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ANEEL resolution also provides for
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daily wholesale market. Specificall
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the ARENH price will be set with a
Page 63 and 64:
leading to a final 2010 system cost
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electricity from hydroelectric plan
Page 67 and 68:
National renewable energy action pl
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were held in 2010. Plants with a to
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USA Carbon regulation On May 12, 20
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cial receivables in respect of the
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The performance and balance sheet f
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Costs Millions of euro 2010 2009 re
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Analysis of the Group’s financial
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Sundry provisions, totaling €17,2
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in long-term financial receivables
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eceivable in respect of the sale to
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(1) (2) 2009 results restated Milli
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1 Sales The Sales Division is respo
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the free market, which benefited fr
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Revenues for 2010 totaled €17,540
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of the International Division, rela
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Capital expenditure Millions of eur
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Net efficient generation capacity M
Page 101 and 102:
an increase of €971 million in th
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Contribution to gross thermal gener
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The table below shows performance b
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Operations Net electricity generati
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prior-year items recognized in 2009
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Services and Other Activities The p
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its generation mix towards the use
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Country risk By now, some 50% of th
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Sustainability
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Sustainability in Enel Providing su
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Sustainability reporting Since 2002
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which is needed in order to rationa
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project, which resulted in hiring a
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The Nine Points project was one of
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well as in light of the recent reca
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sustainability by following the Blu
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tainability and governance help bus
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mapping of production sites located
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Zero-emission thermal power generat
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developing low-cost distributed pow
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Electric mobility The “Electric M
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Reconciliation of shareholders’ e
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Consolidated Income Statement Milli
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Consolidated Balance Sheet Millions
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Statement of Changes in Consolidate
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Consolidated Statement of Cash Flow
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2 Accounting policies and measureme
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esposibilities, and their close rel
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and completed before that date are
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Investment property Investment prop
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Financial liabilities Financial lia
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For more information on the estimat
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incorporating the guidelines contai
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classified as equity if (and only i
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Millions of euro LIABILITIES AND SH
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are conducted within the framework
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Expected cash flows from interest r
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The following table reports the cas
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Millions of euro -10% Scenario +10%
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disposal, on September 23, 2009, of
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Segment information for 2010 and 20
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The following table reconciles segm
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The table below gives a breakdown o
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9.c Personnel - €4,907 million Mi
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Net income/(charges) from commodity
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Financial expense Millions of euro
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Information on the Consolidated Bal
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subsequently sold in December 2010;
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expected future cash flows and appl
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18. Equity investments accounted fo
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Equity investments in other compani
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20. Other non-current assets - €1
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addition to direct reimbursement) b
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Assets held for sale 27. Assets hel
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Non-current liabilities 29. Long-te
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issue of bonds for retail investors
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Current portion of long-term loans
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failure to make payment, breach of
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Millions of euro Pension benefits O
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31. Provisions for risks and charge
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Commodity derivatives mainly relate
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36. Current financial liabilities -
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Liabilities held for sale 38. Liabi
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40. Contractual commitments and gua
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Developments in the inquiries of th
Page 232 and 233:
provisionally enforceable, held the
Page 234 and 235:
creditor rights in respect of CELF
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43. Stock incentive plans Between 2
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of the dividend (for 2004) of €0.
Page 240 and 241:
that of a specific benchmark index
Page 242 and 243:
Compensation of Directors, members
Page 245 and 246:
Corporate governance
Page 247 and 248:
Major shareholdings and shareholder
Page 249 and 250: prescribed by the Unified Financial
Page 251 and 252: C) The revolving credit facility ag
Page 253 and 254: structure, internal auditing system
Page 255 and 256: listed companies), distinctly menti
Page 257 and 258: University, in Syracuse, New York (
Page 259 and 260: The Directors perform their duties
Page 261 and 262: letter b) above, have assets exceed
Page 263 and 264: sufficient to ensure that their jud
Page 265 and 266: compensation of the Chief Executive
Page 267 and 268: the power - which may also be exerc
Page 269 and 270: Conte is concerned, the Board of St
Page 271 and 272: in December 2006, the Board of Dire
Page 273 and 274: “independent” monitoring, entru
Page 275 and 276: conditions, and those whose conside
Page 277 and 278: of the Company’s website (www.ene
Page 279 and 280: Ethics consists of: > general princ
Page 281 and 282: “Zero Tolerance of Corruption”
Page 283 and 284: In principle, unless there are spec
Page 285: Internal control Has the Company ap
Page 288 and 289: Declaration of the Chief Executive
Page 291 and 292: Attachments
Page 293 and 294: Subsidiaries consolidated on a line
Page 295 and 296: Company name Registered office Coun
Page 299: Company name Registered office Coun
Page 315 and 316: Company name International Endesa B
Page 317 and 318: Enel SpA companies consolidated on
Page 319 and 320: Company name Companhia Térmica Rib
Page 323 and 324: Endesa SA companies consolidated on
Page 325 and 326: Associated companies accounted for
Page 331 and 332: Company name P.N. Endesa SA Central
Page 333 and 334: Other significant equity investment
Page 337 and 338: Reports
Page 342: Concept design Inarea - Rome Publis
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