Cegedel
Encyclopedia
Cegedel S.A. called Compagnie Grand-Ducale d'Électricité du Luxembourg (Grand Ducal Electricity Company of Luxembourg) until 17 May 1997, is a Luxembourg
ian company that distributes
electricity
. It operates under a concession
written into the law under which it was formed, and distributes 70% of the electricity used in the country, amounting to 6,616 GWh
.
The Luxembourgian government owns one-third of the company, making it the largest single shareholder
, followed by the 30.4% stake held by Luxempart-Energie, with smaller stakes held by SNCI
(12%) and Electrabel
(8%). Shares in the company are listed on the Luxembourg Stock Exchange
, of which it is one of the ten (and one of the seven Luxembourg-based) members of the main index
, the LuxX Index
.
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
ian company that distributes
Electricity distribution
File:Electricity grid simple- North America.svg|thumb|380px|right|Simplified diagram of AC electricity distribution from generation stations to consumers...
electricity
Electrical power industry
The electric power industry provides the production and delivery of electric energy, often known as power, or electricity, in sufficient quantities to areas that need electricity through a grid connection. The grid distributes electrical energy to customers...
. It operates under a concession
Concession (contract)
A concession is a business operated under a contract or license associated with a degree of exclusivity in business within a certain geographical area. For example, sports arenas or public parks may have concession stands. Many department stores contain numerous concessions operated by other...
written into the law under which it was formed, and distributes 70% of the electricity used in the country, amounting to 6,616 GWh
Watt-hour
The kilowatt hour, or kilowatt-hour, is a unit of energy equal to 1000 watt hours or 3.6 megajoules.For constant power, energy in watt hours is the product of power in watts and time in hours...
.
The Luxembourgian government owns one-third of the company, making it the largest single shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
, followed by the 30.4% stake held by Luxempart-Energie, with smaller stakes held by SNCI
Société Nationale de Crédit et d'Investissement
Société Nationale de Crédit et d'Investissement or SNCI is a public-law banking institution in Luxembourg City designed to encourage business investments, start-ups and research initiatives...
(12%) and Electrabel
Electrabel
Electrabel is a Belgium-based energy corporation. It is a subsidiary of GDF Suez.-History:Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, Ebes and Unerg....
(8%). Shares in the company are listed on the Luxembourg Stock Exchange
Luxembourg Stock Exchange
The Luxembourg Stock Exchange is a stock exchange based in Luxembourg City, in southern Luxembourg.The Exchange is located on avenue de la Porte-Neuve,...
, of which it is one of the ten (and one of the seven Luxembourg-based) members of the main index
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
, the LuxX Index
LuxX Index
The LuxX Index is the main stock market index of the Luxembourg Stock Exchange, the stock exchange based in Luxembourg City, in southern Luxembourg. The LuxX is a weighted index of the eleven most valuable listed stocks by free floated market capitalisation...
.