This Annual Corporate Governance Report for the 2007 fiscal year reflects the daily work of all of those in Red Eléctrica to incorporate corporate governance principles and practices into our daily organisational routine, both as regards the structure and functioning of governing bodies and our commitments and responsibilities to our shareholders and stakeholders.

This Annual Corporate Governance Report for the 2008 fiscal year reflects the daily work of all of those in Red Eléctrica to incorporate corporate governance principles and practices into our daily organisational routine, both as regards the structure and functioning of governing bodies and our commitments and responsibilities to our shareholders and stakeholders.

This report details the measures adopted by Red Eléctrica, beyond the legally established requirements, to reach a level of improved efficiency, transparency and quality in the execution of the functions carried out through their Corporate Governance structure.

This report details the measures adopted by Red Eléctrica, beyond the legally established requirements, to reach a level of improved efficiency, transparency and quality in the execution of the functions carried out through their Corporate Governance structure.

This report details the measures adopted by Red Eléctrica, beyond the legally established requirements, to reach a level of improved efficiency, transparency and quality in the execution of the functions carried out through their Corporate Governance structure.