Unión Fenosa

Unión Fenosa, S.A.

Company type	Public company
Industry	Gas and electricity generation and distribution
Predecessor	Unión Eléctrica Madrileña, Fuerza Eléctrica de Noroeste, S.A. (Fenosa)
Founded	1982
Defunct	2009
Fate	Acquired by Gas Natural (now Naturgy Energy Group)
Headquarters	Madrid , Spain
Area served	Spain and international markets
Key people	Pedro López Jiménez (Chairman)
Products	Electricity generation and distribution, gas sector activities
Owner	Gas Natural (from 2008)
Parent	Naturgy Energy Group

Unión Fenosa, S.A. was a leading Spanish enterprise in gas and electricity generation and distribution until its acquisition by Gas Natural in 2009.

With an installed capacity reaching 11,120 megawatts, it catered to approximately 8.9 million clients. Headquartered in Madrid, the company was chaired by Pedro López Jiménez. Previously a constituent of the IBEX 35 index, Unión Fenosa has since been integrated into the Naturgy Energy Group.

History

The company originated in 1912 under the name Unión Eléctrica Madrileña, maintaining this title until 1970 when it was renamed Unión Eléctrica. In 1982, it merged with Fuerza Eléctrica de Noroeste, S.A. (Fenosa), resulting in the formation of Unión Eléctrica Fenosa. The brand was simplified to Unión Fenosa in 2000. In 2008, the firm became part of the Gas Natural group through acquisition.

Carbon intensity

Year	Production (TWh)	Emission (Gt CO2)	kg CO2/MWh
2002	24	16.38	683
2003	26	15.1	584
2004	27	16.54	612
2005	29	16.49	572
2006	31	15.82	514
2007	34	18.2	535
2008	18	7.26	398
2009	29	9.48	330

Corporate Structure

Its operations spanned several segments:

• Generation and marketing within Spain
• Distribution services domestically
• Gas sector activities
• International electrical ventures
• Additional interests, including an 11% holding in Indra

Ownership

Prior to 2008, Grupo ACS owned roughly 45% of Unión Fenosa's shares. In July 2008, Gas Natural purchased this stake for €7.6 billion, thereby strengthening its foothold in the energy industry.

External links

• Unión Fenosa official site — (company ceased operations in 2009)
• Unión Fenosa's investment initiatives in India (2008)
• Ongoing dispute involving Unión Fenosa in Guatemala (2010)