Rome, 3 February 2004 Enel expects the new tariff mechanism for the transportation, distribution, metering and sale of electricity for the period 2004-2007, as defined by the sectors Authority, will have the following principle effects.
On the basis of initial prudent estimates, the impact on tariff revenues for 2004 is an estimated fall of about 4.3% for the activities of Enel Distribuzione (from over 4.9 billion euro in 2003 to over 4.7 billion euro in 2004). For Terna, revenues should remain unchanged at about 780 million euro.
On the basis of the abovementioned tariff levels and sector values provided by the Authority, it is possible to estimate a value of Enels Regulated Asset Base (RAB) of :
- 4.9 billion euro for Terna;
- 20 billion euro for Enel Distribuzione.
At the Ebitda level, the effect of reduced regulated revenues for the activities of distribution, metering and sales will be offset by ongoing cost containment and increased efficiency in all of Enels activities.
For a more detailed analysis of the effects of the new tariff mechanism, there will be a conference-call for the financial community with Enels Chief Financial Officer Fulvio Conti at 6.00 pm. Journalists wishing to listen to the conference-call can obtain the telephone number from the press office.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014