The company's purpose is the production, transmission, distribution, trade and sale of energy, as well as the provision of services directly or indirectly related thereto. The company may establish branches and subsidiaries in Switzerland and abroad, may participate in other companies in Switzerland and abroad, and may engage in any commercial activity directly or indirectly related to its corporate purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also grant loans on its own account or on behalf of third parties and enter into guarantees and sureties in favor of subsidiaries and third parties.