Endesa has set its sights on the next three years, in which the electricity company hopes to double its dividend and raise investments to historical highs. although with conditions. In the strategic plan launched this Tuesday, the company led by José Bogas sets an increase of 8% in its investments with respect to the previous roadmap, which will place the disbursement of the firm owned by Enel in the 9.6 billion euros for the period 2025-2027.
Most of these funds42%, will be dedicated to the reinforcement and expansion of the electrical network in possession of Endesa, around 4,000 million eurosof which 3,000 million will come directly from the electricity company and another 1,000 million will derive from the contribution of customers and various public subsidies.
However, Endesa conditions this deployment of financial muscle to an improvement in the rate of financial remuneration to the electrical networks.which is in a regulation period within the National Markets and Competition Commission (CNMC), who for the moment has proposed an increase of around 6.5%.
For the electricity company, the strong increase in investments is subject to a remuneration increase of 7.5%a increase in the regulatory investment limit (currently capped at 0.13% of the Gross Domestic Product (GDP) for distribution and 0.64% of GDP for transportation), as well as an improvement of the incentive system.
On the other hand, the company led by José Bogas has also proposed double the dividend. Endesa will pay 0.5 euros per share on January 8, based on 2024 results, and has reformulated its current policy so that the ordinary dividend by action that is agreed equal to 70% of net ordinary profit in the consolidated annual accounts of the electricity company, with a minimum equal to 1 gross euro per share for the years 2024 to 2027both inclusive.
#Endesa #links #increase #investments #increase #remuneration #networks
