ELE Endesa SA Ads

ENDESA (NYSE:ELE) -0- *T -- The total capacity put out to tender was 901 MW with 242 MW of peak capacity. -- ENDESA has been successful in these kinds of auction since they began in 2001. -- This acquisition reinforces ENDESA's operations in France, where it is leveraging profitable growth opportunities with energy trading. *T ENDESA (NYSE:ELE) has acquired 500 MW of VPP contracts in an auction carried out by Electricite de France. EDF has been putting these contracts out to tender since 2001, when an EU resolution obliged the French utility to auction part of its capacity in the market in order to comply with electricity deregulation laws. ENDESA has been successful in these kinds of auction since they began in 2001. In this latest operation, EDF put out to tender 901 MW of base power and 242 MW of peak power, with delivery times of between three months and three years. This kind of capacity is very valuable to Endesa, as it reinforces its position in France in terms of selling energy to its customer portfolio as well as the active management of the optionality of these contracts which allows it to take advantage of the changing prices in the market place. * This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Documento de Registro de Acciones of Endesa filed within the Comision Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.