Get all premium features to the best stock analysis tool

Italian energy company Enel has asked Brazil's power regulator ​Aneel to annul proceedings aimed at terminating ‌its Sao Paulo distribution concession, saying the regulator failed to conduct a structured analysis of the ​impact on consumers.

Brazilian power regulator Aneel on Tuesday ‌rejected Italian utility Enel's appeal against proceedings that could lead to the revocation of its Sao Paulo ​electricity distribution concession.

Enel is transitioning from volatile wholesale power to regulated network returns, enhancing earnings reliability and supporting a re-rating opportunity. I expect over 90% of cumulative EBITDA from 2026–2028 to be regulated or contracted, reducing exposure to power price volatility and supporting visible earnings growth. Enel targets €53B in capex by 2028, with grid RAB growing at 7.3% CAGR and EPS reaching €0.80–€0.82, underpinned by disciplined renewables expansion and brownfield focus.