Acea (company)

Acea SpA (originally an acronym for "Azienda Comunale Elettricità e Acque"—"Electricity and Water Municipal Utility") is a multiutility operative in the management and development of networks and services in the water, energy and environmental sectors.[4] Originally the city of Rome's provider,[5] the Acea group is the main national operator in the water sector with a catchment area of about 9 million people,[6] and manages integrated water services—aqueduct, sewerage and purification—that span the territories of Rome and Frosinone, as well as their respective provinces. Acea is also present in the regions of Lazio, Tuscany, Umbria and Campania,[7] is listed on the Milan Stock Exchange and is part of the FTSE Italia Mid Cap index.[8]

Acea S.p.A.
TypeSocietà per azioni [1]
IndustryMulti-utility[1]
Founded1909 (1909) in Rome
Headquarters
Rome
,
Italy
Key people
Revenue€3,186 million (2019[3])
€284 million (2019[3])
Number of employees
7,576 (2019[3])
Websitewww.gruppo.acea.it/en

History

Rome’s Municipal Electric company, better known by its Italian acronym AEM (for "Azienda Elettrica Municipale"), was founded in 1909 to provide public and private street lighting.[9][10] In 1912, AEM opened the Centrale Montemartini, its first thermoelectric power plant through which AEM started selling electricity in Rome.[11][12][13]

In 1937, the governor of Rome entrusted the company with building and managing of aqueducts as well as the water distribution network for the city. With the newfound responsibilities, AEM changed its name to AGEA (an acronym for "Azienda Governatoriale Elettricità e Acque", Italian for "Government Electricity and Water Company") before changing it again to its current name Acea in 1945.[9][10] At the end of World War II, the Centrale Montemartini was the only available power plant still operational because it coincidentally escaped the bombings.[12]

In 1953, the Municipal Council of Rome approved Acea’s plan for self-sufficiency in electricity with the aim of improving the city's water system.[10] For the Rome Olympics in 1960, Acea also took responsibility for the city’s public lighting systems.[14]

In 1964, Acea gained control of Rome’s entire water network on the expiry of the concession to Acqua Pia Antica Marcia for the management of the Marcio Aqueduct.[10][15]

In 1976, Acea’s plan for hydro-sanitary and street lighting refurbishment was approved within the framework of the redevelopment policy of Rome’s suburbs launched by the Rome Municipality.[16] In 1979, the Peschiera-Capore aqueduct system was completed, which continues to be Rome's main water source.[10][17]

It was in 1985 that the company completed the management of the water cycle by taking on purification services.[10]

In 1989, Acea changed its name from “Azienda Comunale Elettricità” (Municipal Electricity and Water Agency) to “Azienda Comunale dell’Energia e dell’Ambiente” (Municipal Agency of Energy and the Environment).[10]

In the nineteen eighties and nineties, the Tor di Valle cogeneration plant began operation (in 1984, converted later to combined cycle from 1996)[18] and the EUR water centre was inaugurated (1993).[10]

In 1992, Acea became a Special Agency and, from the first of January, 1998, a Joint Stock Company (Acea S.p.A.) which, with Chief Executive Officer Paolo Cuccia at the helm, made its entrance on the Milan Stock Exchange on the 16th of July the following year.[10][15]

In 2000, Acea entered the foreign market by constructing and conceding of a water plant in Lima (Peru).[19][20]

In 2001, Acea acquired the Enel branch responsible for electricity distribution in the metropolitan area of Rome.[21]

In the early 2000s, Acea took over the management of the integrated water service of ATO 3 Sarnese-Vesuviano in Campania, ATO 5 Lazio Meridionale-Frosinone and, for the Tuscan region, ATO 2 (Pisa), ATO 3 (Florence) and ATO 6 Grosseto-Siena through a group of subsidiary companies.[19][22][23]

On 12 January 2018, Acea and Open Fiber stipulated an agreement for the development of an ultra-wide band communication network in Rome.[24] In the same year, Acea entered the gas distribution sector.[25][26]

On 10 July 2019, Acea, the Rome Municipality and the Lazio Region signed the renewal of the concession until 2031 for the management of the Peschiera aqueduct, an agreement made in light of the plan to double its size.[27][28]

Activities

Through the Group’s companies,[29] Acea deals with: the integrated water service, production and distribution of electricity (including public and artistic lighting), the sale of energy and gas and waste treatment.[30][31] These activities are divided into 6 areas:

Water

Acea is the leading operator in the water sector in Italy,[15] serving 9 million inhabitants.[3] In addition to managing the integrated water service of Rome and Frosinone, it operates in other areas of Lazio, Tuscany, Umbria and Campania.[15][32]

Environment

The Acea Group is responsible for waste management with more than 1 million tons of waste managed every year.[3][32]

With an eye on a circular economy, it manages composting plants like the one in Aprilia, the largest in Lazio,[33] and the anaerobic digestion plant of Monterotondo Marittimo in Tuscany.[34] In 2019, Acea entered the plastics treatment sector.[35][36]

It also manages waste-to-energy plants in San Vittore and Terni.[37][38]

Commercial and trading

It sells electricity and natural gas to medium-sized companies and families.[39]

Energy infrastructures

It supplies 10 TWh of electricity to Rome and manages its public and artistic lighting.[15]

Acea is also present in the photovoltaic sector with an overall capacity of about 37 MWp[3][40] and is working on projects regarding electric mobility[41] and smart grids.[42]

Engineering and services

Acea designs, constructs, and manages integrated water systems.[43]

Overseas

The Group also operates in Latin America, managing water operations in Honduras, the Dominican Republic, Colombia and Peru.[19]

Group structure

Operations
  • 58,000 km of drinking water network managed by Acea[3]
  • 7 Hydroelectric power plants[44]
  • 2 Thermoelectric power plants [45][3]
  • 2 Waste-to-energy plants [37]
  • 1 Plastics treatment plant [46]
  • Over 224,000 lamps for Rome public and artistic lighting [47]

Financial information
2019[48] 2018[49][50] 2017[51] 2016[51]
Consolidated revenues
(million €)		 3,186 3,028 2,797 2,832
EBITDA
(million €)		 1,042 933 840 896
Net profit
(million €)		 284 271 181 262
Investments
(million €)		 793 631 532 531


Board of directors

Board members in charge until the approval of the 2022 Annual Report:[52][53][54]

  • Michaela Castelli: Chairperson
  • Giuseppe Gola: Chief Executive Officer
  • Alessandro Caltagirone, Massimiliano Capece Minutolo Del Sasso, Gabriella Chiellino, Diane Galbe, Giovanni Giani, Liliana Godino, Giacomo Larocca - Independent non-executive directors[55][54]

Ownership structure

Source:[56]

  • Roma Capitale: 51.000%
  • Suez SA: 23.333%
  • Francesco Gaetano Caltagirone: 5.006%
  • Market: 20.661%

References
  1. "Borsa Italiana". Retrieved 21 February 2019.
  2. "Acea: Giuseppe Gola è il nuovo amministratore delegato" (in Italian). Retrieved 3 June 2020.
  3. "Consolidated Financial Statement 2019" (PDF). Retrieved 3 June 2020.
  4. "Bloomberg - Company Overview of ACEA S.p.A." Retrieved 23 July 2019.
  5. Colombo, G. (2006). Who's Who in Italy. Sutter's International Red Series. ISBN 9788885246485.
  6. "Earth Day, Acea sponsor nel nome della sostenibilità" (in Italian). Retrieved 23 July 2019.
  7. "Alternanza scuola-lavoro, torna il progetto 'Ideazione' di Acea" (in Italian). Retrieved 23 July 2019.
  8. "Borsa Italiana - Acea". Retrieved 23 July 2019.
  9. "L'acquedotto del Peschiera, grande opera del fascismo, in mostra a Roma" (in Italian). Retrieved 8 April 2019.
  10. Battilossi, Stefano (2001). Acea di Roma 1909-2000: da azienda municipale a gruppo multiservizi. FrancoAngeli.
  11. "La "Pro Ruscio" in visita a una vecchia centrale". Corriere dell'Umbria (in Italian). 5 February 2006. Retrieved 8 April 2019.
  12. "Centrale Montemartini". Retrieved 8 April 2019.
  13. Wong, Liliane (2016). Adaptive Reuse: Extending the Lives of Buildings. Birkhäuser.
  14. "Olimpiadi Roma '60, emozioni di luce sul Colosseo" (in Italian). Retrieved 1 October 2019.
  15. "Il Sole 24 Ore - Acea" (in Italian). Retrieved 8 March 2019.
  16. Alberto Clementi; Francesco Perego (1983). La Metropoli "sponstanea": il caso Roma, 1925-1981: sviluppo residenziale di una città dentro e fuori il piano. Edizioni Dedalo.
  17. "Da dove viene l'acqua di Roma" (in Italian). Retrieved 22 October 2019.
  18. Del Duro, Renzo Mario (2014). Dalla cogenerazione alla trigenerazione: come ridurre la dipendenza energetica dell'Italia. FrancoAngeli.
  19. Associazione studi e ricerche per il Mezzogiorno (2006). L'industria idrica italiana: scenario economico finanziario, struttura territoriale e modelli di gestione e confronto. Guida Editori.
  20. "Rio Chillon" (in Italian). Retrieved 1 October 2019.
  21. "La rete Enel di Roma ad Acea" (in Italian). Retrieved 1 October 2019.
  22. AA.VV. (2008). Le imprese del settore idrico in Italia: una analisi di benchmarking. FrancoAngeli.
  23. "Acquedotto del Fiora entra nel perimetro di Acea" (in Italian). Retrieved 22 October 2019.
  24. "Accordo Acea-Open Fiber per la banda ultra-larga nella capitale" (in Italian). Retrieved 7 October 2019.
  25. "Acea conquista Pescara Distribuzione Gas" (in Italian). Retrieved 22 October 2019.
  26. "Acea entra nel settore della distribuzione del gas" (in Italian). Retrieved 7 October 2019.
  27. "Regione Lazio, Comune Roma e Acea firmano disciplinare per rinnovo concessione acquedotto Peschiera" (in Italian). Retrieved 7 October 2019.
  28. "L'Acquedotto del Peschiera raddoppia: "Al sicuro l'approvvigionamento idrico di Roma. Sarà il più grande cantiere del centrosud"" (in Italian). Retrieved 7 October 2019.
  29. "Alternanza scuola-lavoro, anche Acea apre le porte agli studenti all'insegna della sostenibilità" (in Italian). Retrieved 8 March 2019.
  30. "Il Sole 24 Ore - Finanza & Mercati - Acea" (in Italian). Retrieved 26 September 2019.
  31. "Borsa Italiana" (in Italian). Retrieved 8 March 2019.
  32. "Da ACEA i mini impianti di compostaggio diffuso per i rifuti organici" (in Italian). Retrieved 19 November 2019.
  33. "Rifiuti: ACEA inaugura ad Aprilia impianto di compostaggio più grande del Lazio" (in Italian). Retrieved 19 November 2019.
  34. "Acea: al via il più grande centro di compostaggio della Toscana" (in Italian). Retrieved 19 November 2019.
  35. "Acea acquista il 90% di Demap" (in Italian). Retrieved 30 January 2020.
  36. "Acea entra nel comparto del trattamento plastiche" (in Italian). Retrieved 30 January 2020.
  37. "Termovalorizzatore Acea, realizzati due nastri high-tech con gruppo Magaldi" (in Italian). Retrieved 30 July 2019.
  38. "Rifiuti, verso l'ampliamento del termovalorizzatore di Acea: "Avviate interlocuzione con la Regione"" (in Italian). Retrieved 19 November 2019.
  39. "Acea, al via nuova offerta luce e gas: obiettivo 1,7 mln clienti nel 2022" (in Italian). Retrieved 19 November 2019.
  40. "Acea cresce nelle rinnovabili" (in Italian). Retrieved 19 November 2019.
  41. "Acea, ecco il piano per la mobilità elettrica a Roma" (in Italian). Retrieved 19 November 2019.
  42. "Il sistema smart grid in Acea" (in Italian). Retrieved 19 November 2019.
  43. "Andrea Bossola illustra il business Idrico di Acea" (in Italian). Retrieved 19 November 2019.
  44. "Sustainability Report 2018" (PDF) (in Italian). Retrieved 30 July 2019.
  45. "Roma, riapre la centrale di Tor di Valle di Acea" (in Italian). Retrieved 30 July 2019.
  46. "Acea entra nel comparto del trattamento plastiche" (in Italian). Retrieved 30 July 2019.
  47. "Earth Day, Acea sponsor nel nome della sostenibilità" (in Italian). Retrieved 30 July 2019.
  48. "ACEA, risultati boom nel 2019. Donnarumma: "Sono ottimi, migliori della guidance"" (in Italian). Retrieved 26 June 2020.
  49. "Consolidated financial statements 2018" (PDF). Retrieved 26 June 2020.
  50. "Acea: utili in aumento del 50%, sale la cedola" (in Italian). Retrieved 26 June 2020.
  51. "Consolidated financial statements 2017" (PDF). Retrieved 26 June 2020.
  52. "Acea, ok assemblea a bilancio 2019. Nomina nuovo CdA" (in Italian). Retrieved 10 June 2020.
  53. "Borsa Italiana - Board of directors". Retrieved 10 June 2020.
  54. "Board of directors". Retrieved 10 June 2020.
  55. "Acea: Giuseppe Gola è il nuovo amministratore delegato" (in Italian). Retrieved 10 June 2020.
  56. "Consob - Acea ownership structure as of 8 April 2020". Retrieved 14 April 2020.
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