ENEL
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Enel's headquarters in Rome
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| Società per azioni | |
| Traded as | BIT: ENEL |
| Industry |
Electricity Natural gas |
| Founded | November 27, 1962 |
| Founder | Italian government |
| Headquarters | Rome, Italy |
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Area served
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Italy |
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Key people
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Francesco Starace (CEO), Maria Patrizia Grieco (Chairman) |
| Products | Natural gas and electricity generation and distribution |
| Revenue | € 75 billion (2014) |
| € 31billion (2014) | |
| Profit | € 517 million (2014) |
| Total assets | €169.80 billion (2011) |
| Total equity | €54.44 billion (2011) |
| Owner |
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Number of employees
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68,961 (2014) |
| Subsidiaries |
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| Website | www.enel.com |
Enel is an Italian multinational manufacturer and distributor of electricity and gas.
Enel, which originally stood for National Entity for Electricity (Ente nazionale per l'energia elettrica), was first established as a public body at the end of 1962, and then transformed into a limited company in 1992. In 1999, following the liberalization of the electricity market in Italy, Enel was privatized. As of February 2015, the Italian government is the owner of 25.5% of the company's shares.
In 2014, Enel employed about 70,000 people, works in about 30 countries and at the end of 2013 – with 80.5 billion euro of revenue and a market capitalization of 31 billion euro – is the 56th company in the world by revenue. The company is a component of the Euro Stoxx 50 .
In 1898, the production of electricity in Italy was of 100 million kilowatt hours reaching a value of over $56 billion by 1960. The majority of the electricity was produced by regional private companies, or by companies linked to other industrial bodies, that were both local and regional, by exploiting the specific characteristic of the territory: its hydrogeological resources.
The state subsidized the construction of power stations and any necessary construction work in the territory in order to increase the production of electricity. In terms of distribution, the state intervened in 1961 by unifying national tariffs on the basis of equal consumption classes (through the Equalization Fund for the Electricity Sector) and by requiring power companies to provide access to electricity to everyone.
In 1962, the government institutionalised the Entity for electricity with the aim of making electricity a means for the development of the country and in order to define a national policy for electricity based on the experiences of other countries such as France and Britain.
At the beginning of 1962, the Fanfani IV Cabinet made its commitment to the government to put together a proposal for the unification of the national electricity system within three months of the parliament casting its confidence motion. During the Chamber of Deputies assembly of 26 June 1962, the government presented a bill that sanctioned the principles and procedures for the establishment of the Entity for Electricity (E.N.EL.).
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Wikipedia