Uruguay's state-run power firm Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE) is engaged in the generation, distribution and sale of electric power. The firm owns thermoelectric, hydropower and wind generation assets with a total installed capacity of 1,842MW. It also operates a 4,553km transmission network and an 80,561km distribution network. Eighty-one percent of annual production comes from hydropower. The Montevideo-based company was founded in 1912.