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2006 for Terna 
Chairman’s message 
Letter to the shareholders and stakeholders 
Terna Management 
Shares held by Directors And Auditors 
The Terna group 
The company 
An international group 
Terna's History 
Energy framework 
A sustainable business model 
Terna's numbers 
Terna highlights 
The National Control Center 
The organization 
The grid 
Grid development: Terna, three in a row 
Terna and the financial markets 
Shareholders 
Significant Events 
FTSE4GOOD Europe Index 
2006 stock option plan 
Renegotiation of the revolving credit facility 
The shareholders’ meeting 
Acquisition of Terna Participações SA 
Terna joins Confindustria 
Terna’s rating 
EMTN Programme 
2006 interim dividend 
Acquisition of other portions of the National Transmission Grid 
Adoption of the new Codes of Conduct and Ethics 
Group Results 
Scope of consolidation 
Brazil 
Italy 
The results 
Reclassified Income Statement 
Financial position 
Statement of reconciliation 
Cash flows 
Investments in property, plant and equipment 
Plants 
Results by geographical area 
Research & Development 
Human resources 
New organizational structure 
Changes in the number of employees 
Training and Development 
Managerial incentive systems 
Consolidated accounting schedules 
Income statement 
Balance sheet-Assets 
Balance sheet Liabilities 
Statement of Changes in Equity 
Statement of recognized income and expenses 
Cash flows statement 
Accounting policies 
Energy Framework 
Energy scenario 
Italy’s energy demand 
Consumption 
Electrical energy generation 
Generation plants 
Dispatching and Sales 
Performance of the electricity business 
Meeting power demand 
Procurement of dispatching resources 
Interruptibility service 
Service quality, unsupplied energy and faults 
National Transmission Grid 
National Transmission Grid development plan 
The integrated planning process 
Institutional agreements 
Environmental initiatives 
Investments in property, plant and equipment 
Significant O&M activities 
Number of plants 
Glossary 
Documentation