Endesa (NYSE:ELE)
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ENDESA (NYSE: ELE):
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ENDESA HAS ACQUIRED 34% OF THE TOTAL ENERGY PUT OUT TO TENDER IN
THE PAST TEN MONTHS, THE EQUIVALENT OF 1,161 GWH OF CAPACITY
-- The energy allotted to ENDESA so far this year has allowed the
group to modulate and provide coverage for electricity demand
in the Italian market.
-- These operations add value to ENDESA's operations in Italy and
France, where it is leveraging profitable growth opportunities
with energy trading.
*T
ENDESA (NYSE: ELE) has acquired 155 MW of interconnection capacity
between France and Italy, which corresponds to its specific capacity
needs. This will amount to 29% of the total capacity put out to tender
by the French grid operator (RTE) in November.
This year, ENDESA has acquired 1,161 GWh of interconnection
capacity or 34% of the total energy capacity put out to tender since
this system came into force last January.
The energy allotted to ENDESA during these ten months has allowed
the group to modulate and provide coverage for electricity demand in
the Italian market.
The operations carried out between January and September have
allowed ENDESA to manage more than 1,161 GWh of energy, highlighting
its capacity to leverage its position in Italy and France (where it
operates through Snet and ENDESA Italia) to manage energy in
trans-national markets. The acquisitions also add value to ENDESA's
operations in these two countries, where it is leveraging profitable
growth opportunities with energy trading.
This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the
Documento de Registro de Acciones of Endesa filed within the Comision
Nacional del Mercado de Valores and in the Form 20-F of Endesa filed
within the Securities and Exchange Commission, both for the fiscal
year ended December 31, 2004. For all of these forward-looking
statements, we claim the protection of the safe harbour for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.