Edison (company): Difference between revisions
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[[File:Lng adriatic.jpg|thumb|LNG Adriatic regassification terminal, Rovigo]] |
[[File:Lng adriatic.jpg|thumb|LNG Adriatic regassification terminal, Rovigo]] |
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[[File:EDISON21.jpg|thumb|Off-shore platform Vega, Pozzallo]] |
[[File:EDISON21.jpg|thumb|Off-shore platform Vega, Pozzallo]] |
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Edison's primary activities are production and distribution of electricity and natural gas. Edison and its subsidiaries operate across Europe, Africa, and the Middle East.<ref name=autogenerated2>{{cite web|url=http://195.75.145.68/whoiswho/ricerca.php?code=WSWWWWVHWW|title=Who'S Who Sutter'S International Red Series<!-- Bot generated title -->|publisher=|accessdate=25 October 2017}}{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite web|url=http://www.edison.it/en/media/media-gallery/energy-market-papers/2011-10-07-fact-sheet-on-edisons-activities-in-the-hydrocarbons-sector.shtml|title=Fact sheet on Edison’s activities in the hydrocarbons sector<!-- Bot generated title -->|publisher=|accessdate=25 October 2017}}</ref><ref name=autogenerated1>{{cite web|url=http://quotes.wsj.com/IT/EDN/company-people|title=Quote Not Found - Wall Street Journal|website=quotes.wsj.com|accessdate=25 October 2017}}</ref> |
Edison's primary activities are production and distribution of electricity and natural gas. Edison and its subsidiaries operate across Europe, Africa, and the Middle East.<ref name=autogenerated2>{{cite web|url=http://195.75.145.68/whoiswho/ricerca.php?code=WSWWWWVHWW|title=Who'S Who Sutter'S International Red Series<!-- Bot generated title -->|publisher=|accessdate=25 October 2017}}{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite web|url=http://www.edison.it/en/media/media-gallery/energy-market-papers/2011-10-07-fact-sheet-on-edisons-activities-in-the-hydrocarbons-sector.shtml|title=Fact sheet on Edison’s activities in the hydrocarbons sector<!-- Bot generated title -->|publisher=|accessdate=25 October 2017|archive-url=https://web.archive.org/web/20140714210707/http://www.edison.it/en/media/media-gallery/energy-market-papers/2011-10-07-fact-sheet-on-edisons-activities-in-the-hydrocarbons-sector.shtml|archive-date=2014-07-14|dead-url=yes|df=}}</ref><ref name=autogenerated1>{{cite web|url=http://quotes.wsj.com/IT/EDN/company-people|title=Quote Not Found - Wall Street Journal|website=quotes.wsj.com|accessdate=25 October 2017}}</ref> |
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Edison is the second largest power producer in Italy (about 15% of national output) and in Greece (about 12% of national output).<ref name=autogenerated2 /> It operates in Greece through subsidiary Elpedison (38% interest, a joint venture between Edison, [[Hellenic Petroleum]] and [[Ellaktor]].<ref>{{cite web|url=http://www.elpedison.gr/en/the-group/who-we-are/is|title=Who we are |publisher=Edison|accessdate=25 April 2013}}</ref> Together with DEPA, it develops the [[Greece–Italy pipeline]] project.<ref>{{cite web|url=http://www.hydrocarbons-technology.com/projects/turkeygreeceitalypip/|title=Interconnection Turkey Greece Italy (ITGI) Pipeline - Hydrocarbons Technology|publisher=|accessdate=25 October 2017}}</ref> |
Edison is the second largest power producer in Italy (about 15% of national output) and in Greece (about 12% of national output).<ref name=autogenerated2 /> It operates in Greece through subsidiary Elpedison (38% interest, a joint venture between Edison, [[Hellenic Petroleum]] and [[Ellaktor]].<ref>{{cite web|url=http://www.elpedison.gr/en/the-group/who-we-are/is|title=Who we are |publisher=Edison|accessdate=25 April 2013}}</ref> Together with DEPA, it develops the [[Greece–Italy pipeline]] project.<ref>{{cite web|url=http://www.hydrocarbons-technology.com/projects/turkeygreeceitalypip/|title=Interconnection Turkey Greece Italy (ITGI) Pipeline - Hydrocarbons Technology|publisher=|accessdate=25 October 2017}}</ref> |
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Hydrocarbons operations include exploration, production and distribution of natural gas and crude oil. As of 2010, Edison owned 80 hydrocarbons concessions and permits with hydrocarbons reserves of {{convert|52.8|e9m3|abbr=off}}.<ref>{{cite web|url=http://www.edison.it/media/hydrocarbons-business.pdf|title=Hydrocarbons business|publisher=Edison|accessdate=25 April 2013}}</ref> |
Hydrocarbons operations include exploration, production and distribution of natural gas and crude oil. As of 2010, Edison owned 80 hydrocarbons concessions and permits with hydrocarbons reserves of {{convert|52.8|e9m3|abbr=off}}.<ref>{{cite web|url=http://www.edison.it/media/hydrocarbons-business.pdf|title=Hydrocarbons business|publisher=Edison|accessdate=25 April 2013}}{{Dead link|date=September 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> |
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== Financial Results == |
== Financial Results == |
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!40!! 96 || 81 || 871 || 21 || 240 || 346 |
!40!! 96 || 81 || 871 || 21 || 240 || 346 |
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|}<ref>http://www.edison.it/financial_statement_2011/attachments/it/Bilancio_Annuale_2011.pdf{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite web|url=http://www.firstonline.info/a/2014/03/28/edison-utile-netto-2013-sale-a-96-milioni-di-euro/9693cbec-a1eb-4e64-9814-3dbedacb7d14|title=Edison: utile netto 2013 sale a 96 milioni di euro|website=Firstonline|accessdate=25 October 2017}}</ref><ref>{{cite web|url=http://www.edison.it/it/investor-relations/dati-finanziari/highlights/index.shtml|title=Highlights<!-- Titolo generato automaticamente -->|publisher=|accessdate=25 October 2017}}</ref><ref>{{cite web|url=http://www.edison.it/it/investor-relations/bilanci-e-relazioni/index.shtml|title=Archivi dei bilanci e delle relazioni infra-annuali – Edison<!-- Titolo generato automaticamente -->|publisher=|accessdate=25 October 2017|deadurl=yes|archiveurl=https://web.archive.org/web/20160304001545/http://www.edison.it/it/investor-relations/bilanci-e-relazioni/index.shtml|archivedate=4 March 2016|df=}}</ref> |
|}<ref>http://www.edison.it/financial_statement_2011/attachments/it/Bilancio_Annuale_2011.pdf{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite web|url=http://www.firstonline.info/a/2014/03/28/edison-utile-netto-2013-sale-a-96-milioni-di-euro/9693cbec-a1eb-4e64-9814-3dbedacb7d14|title=Edison: utile netto 2013 sale a 96 milioni di euro|website=Firstonline|accessdate=25 October 2017}}</ref><ref>{{cite web|url=http://www.edison.it/it/investor-relations/dati-finanziari/highlights/index.shtml|title=Highlights<!-- Titolo generato automaticamente -->|publisher=|accessdate=25 October 2017|archive-url=https://web.archive.org/web/20160324011236/http://www.edison.it/it/investor-relations/dati-finanziari/highlights/index.shtml|archive-date=2016-03-24|dead-url=yes|df=}}</ref><ref>{{cite web|url=http://www.edison.it/it/investor-relations/bilanci-e-relazioni/index.shtml|title=Archivi dei bilanci e delle relazioni infra-annuali – Edison<!-- Titolo generato automaticamente -->|publisher=|accessdate=25 October 2017|deadurl=yes|archiveurl=https://web.archive.org/web/20160304001545/http://www.edison.it/it/investor-relations/bilanci-e-relazioni/index.shtml|archivedate=4 March 2016|df=}}</ref> |
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== Shareholders == |
== Shareholders == |
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The Company’s controlling shareholder is [[Electricité de France]] with 99.4% of the capital. <ref>{{cite web|url=http://www.edison.it/en/investor-relations/share-capital-and-shareholders.shtml|title=Capitale e azionariato - Edison<!-- Bot generated title -->|publisher=|accessdate=25 October 2017}}</ref><ref name=autogenerated1/> |
The Company’s controlling shareholder is [[Electricité de France]] with 99.4% of the capital. <ref>{{cite web|url=http://www.edison.it/en/investor-relations/share-capital-and-shareholders.shtml|title=Capitale e azionariato - Edison<!-- Bot generated title -->|publisher=|accessdate=25 October 2017|archive-url=https://web.archive.org/web/20140424030334/http://www.edison.it/en/investor-relations/share-capital-and-shareholders.shtml|archive-date=2014-04-24|dead-url=yes|df=}}</ref><ref name=autogenerated1/> |
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== Corporate Whistleblowing == |
== Corporate Whistleblowing == |
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On July 19, 2016 the company launched a whistleblowing platform available to its employees in order to collect information about wrongdoing and fight internal corruption.<ref>{{cite web|title=Announcement of the whistleblowing platform |
On July 19, 2016 the company launched a whistleblowing platform available to its employees in order to collect information about wrongdoing and fight internal corruption.<ref>{{cite web|title=Announcement of the whistleblowing platform |
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|url=http://www.edison.it/it/whistleblowing|publisher=Edison|accessdate=23 July 2016}}</ref><ref>{{cite web|title=Policy Whistleblowing Edison |
|url=http://www.edison.it/it/whistleblowing|publisher=Edison|accessdate=23 July 2016}}</ref><ref>{{cite web|title=Policy Whistleblowing Edison|url=http://www.edison.it/sites/default/files/documenti/POLICY%20WHISTLEBLOWING.pdf|publisher=Edison|accessdate=23 July 2016|archive-url=https://web.archive.org/web/20160811075417/http://www.edison.it/sites/default/files/documenti/POLICY%20WHISTLEBLOWING.pdf|archive-date=2016-08-11|dead-url=yes|df=}}</ref> |
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|url=http://www.edison.it/sites/default/files/documenti/POLICY%20WHISTLEBLOWING.pdf|publisher=Edison|accessdate=23 July 2016}}</ref> |
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==References== |
==References== |
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Revision as of 20:06, 20 September 2018
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.svg){kind=logo} | |
| Company type | Public |
|---|---|
| Industry | Energy industry |
| Founded | 1884 |
| Headquarters | , |
Key people | Bruno Lescoeur (CEO) Jean-Bernard Lévy (Chairman) |
| Products | Natural gas Electric power |
| Revenue | €12.325 billion (2014)[1] |
| €841.0 million (2014)[1] | |
| €40.0 million (2014)[1] | |
Number of employees | 3,100 (2014) |
| Parent | Électricité de France (99.4%) |
| Website | www |
Edison S.p.A is an energy company in the field of electricity and natural gas headquartered in Milan, Italy. The company was established in 1884. Edison employs about 4,000 people in Europe, Africa and the Middle East. Chairman of the board is Jean-Bernard Lévy (CEO of EDF) and chief executive officer is Bruno Lescoeur.
History
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Edison was established in 1884 in Milan as a power utility. It built Europe's first power plant at Santa Radegonda, in Milan. In the 1950s, Edison invested to diversify its activities, growing primarily in the chemical sector. By 1960, Edison was Italy's second largest chemical company.[2] Following the nationalization and resulting sale of its electric assets to Enel in 1962, Edison downsized its energy business, producing power only for self-consumption and operating only the power plants that supplied the Group's industrial facilities.[2]
In 1966, Edison merged with Montecatini, to create Montedison, Italy's largest industrial chemistry group. [citation needed] In 1979, Montedison's electric power assets (21 hydroelectric and 2 thermoelectric power plants) were conveyed to Selm, a new company that four years later was listed on the Milan Stock Exchange. In 1991, Selm changed its name back to the historical Edison name.[2]
The years that followed marked a period of major growth, owing in part to the 1991 National Energy Plan that promoted the construction of generating facilities based on renewable energy, or their equivalent, providing fresh momentum for the development of facilities for self-consumption. Also in the 1990s, Edison strengthened its hydrocarbon sector activities by acquiring reserves.[2]
Starting in 1999, the new laws that gradually deregulated the energy market reintroduced competition in the electric power and the natural gas industries. Edison began to supply electric power to eligible customers and expand its downstream presence in the natural gas area.[2]
In July 2001, a public tender offer to acquire Montedison (which was controlled by Edison) was received from Italenergia S.p.A., owned by a group consisting of Fiat (38.6%), Electricité de France (18%), Carlo Tassara (20%): Capitalia (9.6%), IMI Investimenti of the Sanpaolo IMI Group (7.8%), and Banca Intesa (6%). In June 2002, this group entered into an agreement for the reorganization of Edison. The plan, completed in December 2002, provided for creation of Italenergia Bis, a new holding company where all shareholders of Italenergia transferred their interests. The following year, Edison, Sondel and Fiat Energia merged into Montedison to create a new company called Edison.[3]
On September 16, 2005, Transalpina di Energia purchased 63.3% of the common shares of Edison from Italenergia Bis. The entire share capital of Transalpina di Energia is owned in equal shares by WGRM, a subsidiary of Electricité de France (EDF), and Delmi, a subsidiary of A2A S.p.A.[4] In 2012, EDF made a successful offer for the 99,483% of Edison's voting capital.[5]
Operations
Edison's primary activities are production and distribution of electricity and natural gas. Edison and its subsidiaries operate across Europe, Africa, and the Middle East.[6][7][8]
Edison is the second largest power producer in Italy (about 15% of national output) and in Greece (about 12% of national output).[6] It operates in Greece through subsidiary Elpedison (38% interest, a joint venture between Edison, Hellenic Petroleum and Ellaktor.[9] Together with DEPA, it develops the Greece–Italy pipeline project.[10]
Hydrocarbons operations include exploration, production and distribution of natural gas and crude oil. As of 2010, Edison owned 80 hydrocarbons concessions and permits with hydrocarbons reserves of 52.8 billion cubic metres (1.86 trillion cubic feet).[11]
Financial Results
| In million € | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|
| Gross revenue | 12,325 | 12,335 | 12,014 | 12,097 | 10,446 | 8,867 | 10,064 |
| EBITDA | 814 | 1,009 | 1,103 | 1,003 | 1,369 | 1,471 | 1,643 |
| Net revenue | 40 | 96 | 81 | 871 | 21 | 240 | 346 |
Shareholders
The Company’s controlling shareholder is Electricité de France with 99.4% of the capital. [16][8]
Corporate Whistleblowing
On July 19, 2016 the company launched a whistleblowing platform available to its employees in order to collect information about wrongdoing and fight internal corruption.[17][18]
References
- ^ a b c "Edison ends 2014 with revenues holding steady at 12.3 billion euros and EBITDA of 814 million euros, up compared with 2013, net of the nonrecurring effect of gas renegotiations. - Edison". Edison. Retrieved 25 October 2017.
- ^ a b c d e "Montedison S.p.A. - Company Profile, Information, Business Description, History, Background Information on Montedison S.p.A." www.referenceforbusiness.com. Retrieved 25 October 2017.
- ^ "Intesa Sanpaolo" (PDF). www.intesasanpaolo.com. Retrieved 25 October 2017.
- ^ Annual Report 2006
- ^ "Stocks details and quotations - Edison". Retrieved 25 October 2017.
- ^ a b "Who'S Who Sutter'S International Red Series". Retrieved 25 October 2017.[permanent dead link]
- ^ "Fact sheet on Edison's activities in the hydrocarbons sector". Archived from the original on 2014-07-14. Retrieved 25 October 2017.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - ^ a b "Quote Not Found - Wall Street Journal". quotes.wsj.com. Retrieved 25 October 2017.
- ^ "Who we are". Edison. Retrieved 25 April 2013.
- ^ "Interconnection Turkey Greece Italy (ITGI) Pipeline - Hydrocarbons Technology". Retrieved 25 October 2017.
- ^ "Hydrocarbons business" (PDF). Edison. Retrieved 25 April 2013.[permanent dead link]
- ^ http://www.edison.it/financial_statement_2011/attachments/it/Bilancio_Annuale_2011.pdf[permanent dead link]
- ^ "Edison: utile netto 2013 sale a 96 milioni di euro". Firstonline. Retrieved 25 October 2017.
- ^ "Highlights". Archived from the original on 2016-03-24. Retrieved 25 October 2017.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - ^ "Archivi dei bilanci e delle relazioni infra-annuali – Edison". Archived from the original on 4 March 2016. Retrieved 25 October 2017.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Capitale e azionariato - Edison". Archived from the original on 2014-04-24. Retrieved 25 October 2017.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - ^ "Announcement of the whistleblowing platform". Edison. Retrieved 23 July 2016.
- ^ "Policy Whistleblowing Edison" (PDF). Edison. Archived from the original (PDF) on 2016-08-11. Retrieved 23 July 2016.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help)