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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…

Networks generated €4.8 billion of EBITDA, representing 41% of the group total, while more than 90% of EBITDA is now regulated or contractually secured. Earnings quality continues to improve. Enel is expanding through selective brownfield acquisitions, including U.S. solar assets and an 84 MW Italian wind farm. A further 15 GW of opportunities are under review. Customer churn fell below 20%, and average contract…

Enel SpA (ENLAY) Q2 2026 Earnings Call Transcript

Italy's biggest utility Enel said ​on Thursday its ‌Spanish and Latin American units supported the ​group's performance in ​the first half, with ⁠ordinary earnings up ​3% year-on-year in ​the period.