January 29, 2010
The Board of Directors of SunTergrid, with a view to implementing the photovoltaic project under way, approved the sale to the subsidiary RTR of SunTergrid's plants for renewable generation for own consumption or sale, as well as all the assets, and contractual design, construction, operation, development and maintenance relationships related to those plants. The transfer took effect as from February 1, 2010.

February 6, 2010
Italy and Montenegro formalised an intergovernmental agreement committing the two countries to the construction of a new underwater electricity interconnection line and the implementation of a strong strategic partnership between their respective national transmission operators, Terna and Prenos, for investment in Montenegro's power grid.

February 17, 2010
The Board of Directors of Terna authorised the renewal and expansion of the existing EMTN programme from €2 to €4 billion and the issue of bonds in one or more tranches by March 31, 2011 in public or private placements of a total of €1.5 billion. The issues, to be denominated in euros or other currencies, may have a maximum term of 30 years and are reserved for qualified investors in Italy or abroad either within the scope of the EMTN programme or outside that programme.

February 18, 2010
Terna presented to financial analysts the Company’s 2010-2014 business plan, after approval of the plan by the Board of Directors on that same date.

March 3, 2010
For the purpose of facilitating work on NTG development and upgrades, TELAT's board of directors authorized the transfer of a number of plants owned by the company to the parent Terna. The rationalization and upgrade activities principally concern the Parent territorial organizational structures (Territorial Operating Areas) in Milan, Padua, Florence and Naples

March 11, 2010
Telat transferred certain transmission plant to Terna in order to complete the development and renewal of the NTG in the Operational Territories of Milan, Padua, Florence and Naples.

March 18, 2010
Terna SpA signed an agreement with the European Investment Bank (EIB) for additional financing of €73 million to connect Sardinia with the Italian peninsula via a high voltage underwater cable at continuous 500 kW (“SAPEI”). The terms are highly competitive, with interest accruing at the annual six month Euribor plus a spread of 40 b.p.

May 18, 2010
SunTergrid SpA also formed “Rete Solare S.r.l.” (“RTS S.r.l.”) with a quota capital of €10,000. Rete Solare operates in the same field as SunTergrid and RTR in order to promote solar energy projects that will be completed subsequent to December 31, 2010

May 25, 2010
Terna SpA renewed its “Euro Medium Term Note Programme” (EMTN) increasing the amount from €2 to €4 billion as approved by the Board of Directors on February 17, 2010. Deutsche Bank and Citigroup were the Joint Arrangers for the programme, which has obtained ratings of A+ from Standard & Poors, A2 from Moody's and A+ from Fitch

July 7, 2010
The last segment of the “Sorgente-Rizziconi” ¹ line between the Regions of Sicily and Calabria received the final approval from the Ministry for Economic Development. The planned investment for the “electricity bridge” across the Strait of Messina amounts to over €700 million

July 9, 2010
Italy and Montenegro intergovernmental agreement was ratified by the Parliament of Montenegro

July 22, 2010
In the context of the Solar Energy Project, Terna SpA finalised the purchase of the entire quota capital of Reno Solar Srl (“Reno Solar”) from Tre SpA Tozzi Renewable Energy

August 2, 2010
The Board of Directors of RTR and the Sole Director of Reno Solar, as respectively competent, deliberated the merger of Reno Solar into RTR

August 5, 2010
According to the purchase contract signed on December 22, 2009 and as a result of the approval by the Antitrust Authorities, Terna SpA finalised, through its subsidiary Telat Srl, the purchase of the entire quota capital of Reti Trasmissione Energia Elettrica ASM Srl (“Retrasm”) from A2A SpA

September 8, 2010
Terna provided a loan of € 500 million to Rete Rinnovabile S.r.l.. The loan was stipulated for an initial duration of more than 5 years and is interest-bearing, with interest to be calculated at the EURIBOR six month rate increased by a spread of 1.70%.

September 22, 2010
The directors of Telat Srl and Rete di Trasmissione Brescia Srl deliberated the merger of Rete di Trasmissione Brescia into Telat

September 30, 2010
Terna SpA, subscribed a share capital increase and became a shareholder of Desertec Industrial Initiative (“DII”) with 5.6% shares, equal to other shareholders, meaning one share on a total of 18. The Desertec project aims to study and facilitate the production and transmission of solar and wind power in the areas of the Middle East and North Africa (MENA), both to fulfil local demand and to be destined, in large part, to the European market

¹ Terna SpA is the only responsible party for the information contained in it. The EU is not responsible of any use that could be made of the information contained in it”.

October 18, 2010
Terna, SunTergrid and Terra Firma Investments (GP) 3 Limited signed a preliminary agreement to transfer 100% of the quota capital of Rete Rinnovabile Srl, wholly-owned by Terna through SunTergrid. Furthermore, the agreement sets out that Terna provides RTR with maintenance, surveillance and monitoring services on the plants according to multi-year contracts defined in the context of the disposal transaction

October 25, 2010
RTR finalised the purchase of quotas representing a total of 98.5% of the quota capital of Valmontone Energia Srl from Troiani & Ciarrocchi Srl and C.I.EL. SpA. The business object of the company is to design, install and manage a solar power network

November 2010
The incorporation of Rete di Trasmissione Brescia S.r.l. into TELAT S.r.l. took effect.

November 4, 2010
For the first time Terna joined the single independent grid manager in the selective European index Dow Jones Sustainability Europe, which only numbers 11 Italian enterprises out of a total of 163. Additionally, it is also confirmed in the Dow Jones Sustainability World index, which admits 12 Italian companies out of a total of 323 companies with the best sustainability performance, of the 2,500 most important companies worldwide in terms of capitalisation.

November 10, 2010
Terna subscribed, together with the grid operators of Switzerland (Swissgrid), Austria (Verbund-APG), Slovenia (Eles) and Greece (HTSO), a capital increase of the company CASC (Capacity Allocation Service Company CWE S.A.) in equal shares with the founder members. CASC is a service company that was founded in 2008 and has its registered office in Luxembourg. In 2011, through a single platform, it will manage and implement the auctions for the allocation of cross border transport capacity between 12 European countries, including Italy.

November 24, 2010
Terna signed an agreement with the European Investment Bank (EIB) for a loan of € 300 million aimed at strengthening and enhancing the Italian electricity transport system in order to guarantee the safety and efficiency standards required of the transmission service.

November 26, 2010
Terna joined the ownership structure of CORESO, a service company incorporated under the laws of Belgium and with registered office in Brussels, holding a 22.485% share. The ownership structure of the company includes the operators of France (RTE), Belgium (Elia) and Great Britain (National Grid), each holding an equal share to that of Terna, and the German operator, 50Hertz Transmission, with 10%. More specifically, CORESO prepares daily forecasts and analyses in real time of energy flows in Central-Western Europe, identifying possible critical issues and duly informing the TSOs concerned in a timely manner.

December 9, 2010
Terna made an initial payment toward the constitution of the service company MEDGRID, to be incorporated under French law with registered office in Paris. The company was incorporated on 7 January 2011, together with another 19 partners, all holding equal 5% shares in the share capital. MEDGRID aims to develop and market, in France and abroad, studies and analyses aimed at the establishing and transport of an objective of 20 Giga watts by 2020 of electricity generated from renewable sources, mainly solar, under the scope of the Plan Solaire Méditerranéen (PSM) launched in July 2008 by the Union Pour la Méditerranéen (UPM).

December 20, 2010
Terna finalised the acquisition from Ansaldo Trasmissione & Distribuzione S.p.A. of the 9% share in the capital of CESI S.p.A.. As a result of this transaction, Terna’s equity interest in CESI reached 39.906%. CESI S.p.A. develops and manages plants and laboratories for tests, studies and experimental research.

December 23, 2010
The deed was stipulated for the merger by incorporation of Reno Solar S.r.l. into RTR S.r.l.