RDEIF - Red Eléctrica De España: Diversification Through A European Electricity Grid
Overview
Red Eléctrica de España (OTC: RDEIY) (OTC: RDEIF) (Madrid Stock Exchange: REE), is the sole operator of the Spanish electricity grid. While the company also owns electricity grids in Peru and Chile and is in the process of acquiring Hispasat, an operating company for Spanish communication satellites, the main attraction here is their monopoly over the Spanish electricity transmission business. We will be focusing mainly on the Spanish electricity grid, after all it is responsible for 93% of the revenue of Red Eléctrica. During this article we will use "REE" when discussing