Red Eléctrica Corp. SA

Sector: Electric Services Region: Spain

Exchange/Ticker: OTC Bulletin Board: RDEIY | Spanish Markets: REE

Company Description

Red Eléctrica de España, S.A., engages in the transmission of electricity and the operation of electricity systems. Red Eléctrica, as system operator, guarantees the continuity and security of the electricity supply maintaining the constant balance between generation and consumption in Spain, and it performs these functions under the principles of transparency, objectiveness and independence. In addition, Red Eléctrica is the manager of the transmission grid and acts as sole transmission agent. The organizational structure of the Company was transformed in 2008 into a holding structure so as to strengthen the separation and transparency of the regulated activities in Spain - transmission and system operation - from the remaining activities. The holding company of the Group is Red Eléctrica Corporación, which has two dependant subsidiaries: Red Eléctrica de España, responsible for the electricity activities in Spanish territory, and Red Eléctrica Internacional, responsible for the Group's activities internationally. The company was founded on January 29, 1985 and is headquartered in Alcobendas, Spain.

Similar to: El Paso Electric Co., MVV Energie AG, Hafslund ASA

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