Edison completes renegotiations with eni for the supply of natural gas from Norway

Completes renegotiations of natural gas from Norway.

Milan, 11 February 2011. Edison successfully completed the renegotiation with ENI for concerning the price for the long-term contract for the supply of natural gas from Norway expiring at the end of the year. The agreement reached today by Edison and ENI settles the dispute on the supply price thereby obviating further controversies among the parties.

The agreement negotiated generates significant cost savings compared with the contract previously in effect. Edison was assisted in the dealings by DLA Piper in Milan.