report and accounts 2000 av josé malhoa lote a 13 1070 157 lisboa tel 351 21 726 30 fax 50 29 5 contents chairman s message 7 the edp group 11 principal consolidated data organisation structure governing bodies 15 directors 17 macroeconomic background 19 four strategic areas for development electricity in portugal 22 multi utility services 43 internationalisation 46 telecommunications & information technologies 52 management policies 57 support activities 62 equity capital market 67 economic financial evolution of 73 highlights 86 outlook 2001 89 acknowledgements 90 annual statements 93 audit supervisory reports on 165 annexes 175 shareholders 177 shares held by members board 178 positions 179 summary relating to companies 182 general operating 186 international affiliates 194 6 at dawn new century em barked an important
