Scope of consolidation

At the 2012 year-end, the Group consolidation area includes the following companies:

 

Company Registered office Business Currency Share/quota capital % held Consolidation method
COMPANIES CONTROLLED DIRECTLY BY TERNA S.P.A.      
Terna Rete Italia S.p.A. Rome design, creation, management, development, operation and maintenance of grid lines and structures and other infrastructures connected with such grids, plant and equipment functional to said activities in the segments of electricity transmission and dispatching or in analogous, related or connected segments. 120,000 100% Line-by-line
Terna Rete Italia S.r.l. Rome design, construction, management, development, operation and maintenance of high-voltage power lines. 243,577,554 100% Line-by-line
Terna Crna Gora d.o.o. Podgorica authorisation, construction, and management of transmission infrastructures comprising the Italy-Montenegro electrical interconnection in Montenegro territory. 36,000,000 100% Line-by-line
SunTergrid S.p.A. Rome construction and maintenance of electricity transmission grids and plants for the generation of electricity, including renewables generation, for own use and sale in Italy and abroad. 120,000 100% Line-by-line
Terna Plus S.r.l. Rome design, construction, management, development, operation and maintenance of plants, equipment and infrastructures including grids and systems, including diffused energy storage, pumping and/or storage. 16,050,000 100% Line-by-line
Terna Storage S.r.l. Rome design, construction, management, development and maintenance of systems, including diffused energy storage (included batteries), pumping and/or storage systems, as well as plants, equipment and infrastructures, including grids. 10,000 100% Line-by-line
CONTROLLED THROUGH SUNTERGRID S.P.A.
Rete Solare S.r.l. Rome construction and maintenance of electricity transmission grids and plants for the generation of electricity, including renewables generation, for own use and sale in Italy and abroad. 10,000 100% Line-by-line
     

The change in the scope of consolidation since 31 December 2011 relates to:

Core business:

  • incorporation on 23 February 2012, by Terna S.p.A., of the company named Terna Rete Italia S.p.A.;
  • incorporation on 23 March 2012, by the subsidiary Terna Plus S.r.l., of the company named Terna Storage S.r.l., and the subsequent acquisition by Terna S.p.A. on 14 November 2012 of the holding representing the entire share capital.

With reference to associates we can also note that, on 31 May 2012, following the acquisition of a further 0.292% stake in the share capital of the associate CESI S.p.A., Terna increased its interest to 42.698%.