The Company

CTE is a holding company which holds 100% of the share capital of RTE Réseau de Transport d’Electricité.

Our Group

Chart of the CTE group of companies as at 31 March 2017

RTE Réseau de Transport d’Electricité

RTE Réseau de Transport d’Electricité is the operator of the French electrical power transmission network which it also owns, maintains and develops. As such, it principally performs the following three functions:

  • manages power flows: RTE Réseau de Transport d’Electricité is responsible for the supply/demand balance and makes adjustments, manages electricity flows and manages access rights to international interconnections, in collaboration with neighbouring network operators. It mobilizes reserves and compensates for losses. It makes the necessary accounting adjustments and resolves imbalances;
  • manages the transmission infrastructure: RTE Réseau de Transport d’Electricité operates and maintains the public transmission network and is responsible for its development, for minimizing costs for the community and for ensuring the safety of the system, people and property; and
  • guarantees access to the transmission network: RTE Réseau de Transport d’Electricité enters into contracts with transmission network users on the basis of network access tariffs and in accordance with rules of non‑discrimination.

In addition, Article L111-46 of the French Energy Code authorises RTE Réseau de Transport d’Electricité to participate in the identification and the analysis of any action proposed to be taken to control electricity supply, to the extent that such action may encourage a balance of supply and / or demand.

Shareholders

CTE is owned as follows:

50,1%

owned by EDF

29,9%

owned by Caisse des Dépôts
et consignations

20%

owned by CNP Assurances

Below is a diagram describing the shareholding of CTE:

About EDF

The EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. The EDF Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The EDF Group is involved in supplying energy and services to approximately 37.1 million customers, of which 26.2 million in France. The Group generated consolidated sales of €71 billion in 2016. EDF is listed on the Paris Stock Exchange.

About Caisse des Dépôts et Consignations

Caisse des Dépôts et Consignations is a special public institution (établissement spécial) created by a French law dated 28 April 1816 and which is governed by articles L. 518-2 to L. 518-24 of the French Code monétaire et financier. Caisse des Dépôts et Consignations performs public-interest missions in support of public policies performed by France’s central government, regional and local public entities. It is a significant administrator of French savings deposits and retirement savings funds and of private funds that are protected under French law. It is also the main institution financing low-income housing in France and urban development as well as being an important long-term institutional investor. It manages substantial portfolios of shares in listed companies, private equity and real estate assets.

About CNP Assurances

CNP Assurances is a French personal insurer with net profit of €1,200 million in 2016. The CNP Assurances Group also has operations in other European countries and in Latin America, with a significant presence in Brazil. It has more than 35 million personal risk/protection insured worldwide and more than 14 million savings and pensions policyholders. The CNP Assurances Group designs and manages life insurance, pension, personal risk insurance and protection products (term creditor insurance and health insurance). CNP Assurances has been listed on the first market of the Paris Stock Exchange since October 1998 and has a stable shareholder structure thanks to the signing of an agreement between its major shareholders (Caisse des Dépôts, La Banque Postale, Groupe BPCE and the French State).