Profits soar for NorNed investors

December 2008
Utility Week;12/12/2008, Vol. 29 Issue 30, p37
Trade Publication
The article reports that NorNed cable is a highly profitable venture for Norwegian and Dutch transmission firms Statnett and Tennet. NorNed cable links Norway and the Netherlands. Statnett and Tennet earned 102 million in the cable's first six months of operation, twice the initial earnings forecast for May 6 to November 2008. The April 2009 forecast of Statnett and Tennet suggested that first six month earnings would be no more than 74 million.


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