the 2006 Annual Report marks an important step for Terna, that of consolidation. Consolidation of a company that is already strong and rich in experience and value and that has entered the market with a new image and a renewed structure, with many projects to be implemented and to be communicated.

We have come a long way to the present, essentially pursuing two objectives: the first has been that of strengthening Terna’s presence and impact on the markets as an independent operator of the large electricity transportation grids, nationally and internationally.

• Over 337 billion KWh of electricity managed a year
  
  
• 39,056 km of transmission lines

Terna is responsible for the transmission and dispatching of electrical energy on the high and extra high voltage grid throughout Italy. During the year, Terna guaranteed secure procurement by ensuring there were adequate resources to meet demand and by continuously balancing out energy requirements and available resources in real time.

• Renegotiation of the revolving credit facility

• Acquisition of Terna Participações SA

• Acquisition of other portions of the National Transmission Grid

• Terna joins Confindustria
  

• Revenues 1,307.8 million euros: +20.9 %
  
  
• Ebitda 899.9 million euros: +25.6 %
  
  
• Ebit 687.5 million euros: +27 %
  
  
• Net profit 369.8 million euros: +24.1 %

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