ENDESA (NYSE:ELE) produced a total of 141,029 GWh of power in the
first nine months of 2006, an increase of 2.9% from the same period
last year. Growth was driven by in the areas outside of Spain where
ENDESA generates power, with increases of 8.2% in Latin America and
8.3% in Europe. In Spain, output between January and September
reached 68,222 GWh, 2.2% lower than in the year-ago period. Over
half of the total energy generated by ENDESA at present comes from
outside Spain. By technology, noteworthy was the 8.8% increase (to
39,655 GWh) in ENDESA�s hydro generation, thanks to the increase in
rainfall in Latin America. CCGT output fell during the period
(-8.5%, to 22,600 GWh), mostly because of the decline in the usage
of these plants in Latin America, where there was a scarcity in gas
supply. Nuclear generation rose 5.8% and renewable/CHP output by
12.9% (to 1,793 GWh). ENDESA boasts a balanced production mix: 28%
of GWh produced at all its plants is hydro based, 29% is coal, 13%
is nuclear, 13% fuel-oil/gas, 16% is from CCGTs and 1% from
renewable/CHP. This balanced mix provides ENDESA with stable
generation in different scenarios, making it less vulnerable to
hydro volatility in the mainland or to swings in oil and gas
prices. SPAIN ENDESA produced 68,222 GWh of power in Spain in the
first nine months of 2006, a decrease of 2.2% on the same period of
2005. Power output totalled 55,533 GWh in the ordinary mainland
system �a 3.9% decrease- and 10,919 GWh in the Balearic and Canary
Islands and Ceuta-Melilla systems -an increase of 5.1%-. Energy
produced via CCGTs and renewable/CHP rose 12.8% (to 1,770 GWh) and
via wind power by 26%. The fall in mainland output was caused by
the drought affecting the hydro systems since last year, the
shut-down for revision of the Los Barrios plant and high CO2
prices, which affected coal-fired output. ENDESA�s hydro output in
Spain fell 8.9% yoy to 5,541 GWh, while the rest of the
technologies showed mixed performances. Generation by the coal
plants (25,700 GWh) was down 5.6%, while generation by the CCGTs
(5,605 GWh) was flat. Nuclear output (17,806 GWh) was 5.8% higher,
while output from ENDESA�s fuel-gas plants (881 GWh) plummeted
56.6%. Latin America ENDESA produced 46,364 GWh of power in Latin
America through to September this year, 8.2% more than in the same
period last year. ENDESA�s output in Argentina rose 11.6% to 13,444
GWh, largely thanks to the rebound in hydro. Production rose 4.1%
in Peru (to 5,271 GWh), 6.6% in Chile (to 14,693 GWh), 8.2% in
Colombia (to 9,577 GWh) and 8.% in Brazil (to 3,379 GWh) vs. 9M05.
Europe Output has continued to rise in Europe, which, together with
Latin America,. underpinned the Group�s overall increase. In
Europe, generation rose 8.3%, to 26,443 GWh. Production in Italy
through to September totalled 19,420 GWh, 12.1% higher than the
17,329 GWh produced in the first nine months of 2005. The
significant boost was due to the recent start-up of CCGTs
(generation with this technology has increased by 9.2%, to 9,084
GWh) and the needs of the fuel plants, which produced 32.8% more
power, or 3,715 GWh. Hydro output was flat (at 1,816 GWh), while
coal generation rose 9.3% to 4,783 GWh. Snet�s output in the first
nine months of 2006 was 7,023 GWh, a touch below last year's level.
* 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
Comisi�n 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, 2005. 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. ENDESA (NYSE:ELE)
produced a total of 141,029 GWh of power in the first nine months
of 2006, an increase of 2.9% from the same period last year. Growth
was driven by in the areas outside of Spain where ENDESA generates
power, with increases of 8.2% in Latin America and 8.3% in Europe.
In Spain, output between January and September reached 68,222 GWh,
2.2% lower than in the year-ago period. Over half of the total
energy generated by ENDESA at present comes from outside Spain. By
technology, noteworthy was the 8.8% increase (to 39,655 GWh) in
ENDESA's hydro generation, thanks to the increase in rainfall in
Latin America. CCGT output fell during the period (-8.5%, to 22,600
GWh), mostly because of the decline in the usage of these plants in
Latin America, where there was a scarcity in gas supply. Nuclear
generation rose 5.8% and renewable/CHP output by 12.9% (to 1,793
GWh). ENDESA boasts a balanced production mix: 28% of GWh produced
at all its plants is hydro based, 29% is coal, 13% is nuclear, 13%
fuel-oil/gas, 16% is from CCGTs and 1% from renewable/CHP. This
balanced mix provides ENDESA with stable generation in different
scenarios, making it less vulnerable to hydro volatility in the
mainland or to swings in oil and gas prices. SPAIN ENDESA produced
68,222 GWh of power in Spain in the first nine months of 2006, a
decrease of 2.2% on the same period of 2005. Power output totalled
55,533 GWh in the ordinary mainland system -a 3.9% decrease- and
10,919 GWh in the Balearic and Canary Islands and Ceuta-Melilla
systems -an increase of 5.1%-. Energy produced via CCGTs and
renewable/CHP rose 12.8% (to 1,770 GWh) and via wind power by 26%.
The fall in mainland output was caused by the drought affecting the
hydro systems since last year, the shut-down for revision of the
Los Barrios plant and high CO2 prices, which affected coal-fired
output. ENDESA's hydro output in Spain fell 8.9% yoy to 5,541 GWh,
while the rest of the technologies showed mixed performances.
Generation by the coal plants (25,700 GWh) was down 5.6%, while
generation by the CCGTs (5,605 GWh) was flat. Nuclear output
(17,806 GWh) was 5.8% higher, while output from ENDESA's fuel-gas
plants (881 GWh) plummeted 56.6%. Latin America ENDESA produced
46,364 GWh of power in Latin America through to September this
year, 8.2% more than in the same period last year. ENDESA's output
in Argentina rose 11.6% to 13,444 GWh, largely thanks to the
rebound in hydro. Production rose 4.1% in Peru (to 5,271 GWh), 6.6%
in Chile (to 14,693 GWh), 8.2% in Colombia (to 9,577 GWh) and 8.%
in Brazil (to 3,379 GWh) vs. 9M05. Europe Output has continued to
rise in Europe, which, together with Latin America,. underpinned
the Group's overall increase. In Europe, generation rose 8.3%, to
26,443 GWh. Production in Italy through to September totalled
19,420 GWh, 12.1% higher than the 17,329 GWh produced in the first
nine months of 2005. The significant boost was due to the recent
start-up of CCGTs (generation with this technology has increased by
9.2%, to 9,084 GWh) and the needs of the fuel plants, which
produced 32.8% more power, or 3,715 GWh. Hydro output was flat (at
1,816 GWh), while coal generation rose 9.3% to 4,783 GWh. Snet's
output in the first nine months of 2006 was 7,023 GWh, a touch
below last year's level. * 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, 2005. 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.
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