Electrabel N.V. | Introduction
Introduction
Blvd. du Regent 8
Bruxelles
B-1000
Belgium
Telephone: + 32 2 518 61 11
Fax: +32 2 518 64 00
Web site: http://www.electrabel.com
Public Company
Incorporated: 1892 as Compagnie Hydro-Electrique Anversoise
Employees: 14,642
Sales: EUR 10.85 billion ($13.39 billion) (2003)
Stock Exchanges: Euronext Brussels
Ticker Symbol: ELEB
NAIC: 221122 Electric Power Distribution; 221210 Natural Gas Distribution; 221310 Water Supply and Irrigation Systems; 221330 Steam and Air-Conditioning Supply; 515210 Cable and Other Subscription Programming
Electrabel N.V. is Belgium's dominant electric power producer, controlling more than 95 percent of all domestic power generation and distribution. In Belgium alone, Electrabel produces nearly 13,000 MW from a diverse park of nuclear, hydroelectric, coal, and gas-fired and wind-powered generation plants, serving nearly four million customers. Electrabel also has powered itself into the ranks of Europe's top five power companies, with an additional 16,000 MW of generation capacity outside of Belgium. Electrabel's international operations include The Netherlands, Luxembourg, France, Spain, Portugal, Germany, Poland, Hungary, and Italy. The company's total output amounted to more than 137,000 GWh in 2003, with Belgium accounting for about 60 percent of that total. Together, the company's operations produced revenues of EUR 10.85 billion ($13.39 billion) in 2003. Listed on the Euronext Brussels Stock Exchange, Electrabel is majority controlled by France's Suez, and operates within that company's Tractebel subsidiary. In the early 2000s, Electrabel and Suez have been negotiating a transfer of Tractebel's European power generation operations to Electrabel so that Tractebel can concentrate on its international holdings beyond Europe. As of 2004, Tractebel's holding of Electrabel topped 55 percent.