REN - Redes Energéticas Nacionais, SGPS Stock

REN – Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal.

Segments

The company is organized in two main business segments, Electricity and Gas. It also has two residual businesses in telecommunications and electricity derivative market management.

The Electricity segment includes the transmission of electricity in extra high voltage, the overall electricity public system management, and the electricity trading activity under the electricity acquisition contracts (CAE).

The Gas segment includes the gas transmission in high pressure and the overall natural gas national system management, as well as the operation of regasification at the LNG Terminal and the underground storage of natural gas.

The Concessions

As concessionaire of the national electricity transmission grid (RNT), REN – Rede Eléctrica Nacional, S.A., engages in the following main activities: technical and overall management of the national electricity system (SEN); transmission of electricity at very-high voltage (400, 220, and 150kV); and operation of the national electricity transmission grid and the construction, maintenance, and planning of its infrastructures.

The activities of REN Gasodutos, S.A. include: the reception, transport, system services, and delivery of natural gas through the high pressure network; and the building, maintenance, operation, and use of all the infrastructures making up the national NG transport network and interconnections with other networks.

REN Atlântico, S.A. is responsible for: the reception, storage, treatment and regasification of LNG; transport natural gas to the national NG transport network; for loading LNG onto tanker trucks or ships; and the building, maintenance, and operation of the respective infrastructures and facilities.

REN Armazenagem, S.A. is responsible for: the reception, injection, underground storage, extraction, treatment, and delivery of natural gas for the formation of safety reserves or for operational and commercial purposes; and the construction, maintenance, and operation of all infrastructures and the facilities required to operate them.

History

REN – Rede Eléctrica Nacional, S.A. was founded in 1994.