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REN – Redes Energéticas nacionais is the Portuguese system operator of both the electricity and gas infrastructure. The business is managed through long term concessions and includes the transmission in very high voltage electricity and overall technical management of the National Electricity System and the transport of high-pressure natural gas and overall technical management of the National Natural Gas System, guaranteeing the reception, storage and regasification of LNG and underground storage of natural gas. REN also operates in the telecommunications business via RENTELECOM, which includes a range of services, such as infrastructure, managed services and consultancy.

Santander report (Iberian Utilities)