CTE is a holding company which holds 100% of the share capital of RTE Réseau de Transport d’Electricité.
Chart of the CTE group of companies as at March 1, 2019
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:
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.
CTE is owned as follows:
owned by EDF
owned by Caisse des Dépôts
owned by CNP Assurances
Below is a diagram describing the shareholding of CTE:
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 40 million customers sites, of which 30 million in France. The Group generated consolidated sales of €69 billion in 2018. EDF is listed on the Paris Stock Exchange.
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.
CNP Assurances is a French personal insurer with net profit of €1,367 million in 2018. The CNP Assurances Group also has operations in other European countries and in Latin America, with a significant presence in Brazil. It has around 37 million personal risk/protection insured worldwide and around 20 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).
Given the ratification of the co-optation of the new directors by the General Meeting on June 4th, 2019, the composition of the Board of Directors of the Company is as follows: