Key Developments: Empresa Nacional de Electricidad SA (EOC)
48.46USD
21 May 2013
$-0.30 (-0.62%)
$49.44
$48.78
$48.78
$47.98
43,754
85,826
$54.31
$44.53
Latest Key Developments (Source: Significant Developments)
Empresa Nacional de Electricidad SA Announces FY 2012 Dividend Payment
Empresa Nacional de Electricidad SA announced a dividend payment for fiscal year 2012 in the amount of CLP 92,212,563,427, at a value of CLP 11.24302 per share for 8,201,754,580 shares, effective on May 9, 2013 for the shareholders of record on May 3, 2013. Full Article
Fitch Ratings Affirms Its Ratings On Empresa Nacional de Electricidad SA
Fitch Ratings announced that it has affirmed the foreign and local currency Issuer Default Ratings (IDRs) of Empresa Nacional de Electricidad SA (Endesa) at BBB+ and its long-term national scale rating at AA(cl). In addition, it has affirmed Endesa's short-term national scale rating at F1+/AA(cl) and its national Equity Rating at 'Primera Clase Nivel 1 (cl).The Rating Outlook is Stable. Full Article
Empresa Nacional de Electricidad SA Receives Green Light for 740-MW Power Project-DJ
Dow Jones reported that Empresa Nacional de Electricidad SA (Endesa), received the green light from a panel of several cabinet ministers for its USD 1.4 billion, 740-megawatt Punta Alcalde power project in northern Chile. Amid Chile's urgent need to nearly double its installed capacity to 30,000 megawatts over the next decade to keep up with projected demand, the environmental authority in June 2012 rejected Punta Alcalde's environmental-impact study, as the coal-fired plant did not meet the requirements to keep the region's air clean. Endesa appealed the decision, in accordance with local legislation. The Company will spend around USD 40 million to reduce pollution. Full Article
Empresa Nacional de Electricidad SA Announces FY 2012 Interim Dividend Payment
Empresa Nacional de Electricidad SA announced that it has decided to distribute an interim dividend for the fiscal year ending on September 30, 2012 at a value of CLP 3.04265 per share. The dividend will be paid out from January 24, 2013 for the shareholders of record on January 18, 2013. Full Article
Southern Cross Latin American Private Equity Fund III LP Files Request For Arbitration Against Empresa Nacional de Electricidad SA
Empresa Nacional de Electricidad SA (Endesa Chile) announced that it has been notified on the request for arbitration filed by Southern Cross Latin American Private Equity Fund III LP (Southern Cross) in arbitration proceedings initiated by the latter for the alleged discrepancies of the agreement reached by the shareholders of the companies comprising Gasatacama group on August 1, 2007. Southern Cross has sued the Company for the alleged breach of the aforementioned agreement, specifically in relation to Article VI of Business Rights Provision (Disposicion de Derechos de Negocios). Full Article
Empresa Nacional de Electricidad SA, Inversiones Tricahue SA And Other Minority Shareholders Of Empresa Electrica Pehuenche SA Sign Settlement Agreement And End Arbitration Proceedings
Empresa Nacional de Electricidad SA (Endesa) announced that it has signed the Settlement Agreement with Inversiones Tricahue SA (Tricahue) and other minority shareholders of Empresa Electrica Pehuenche SA (Pehuenche) to end the arbitration proceedings initiated as a result of the purchase agreement of power and energy, signed between Endesa and Pehuenche on November 19, 2007. The agreement also involves the payment by Endesa to its subsidiary Pehuenche the price difference, calculated in the contract of 2007. Full Article
Empresa Nacional de Electricidad SA Announces Further Details On Its Plans To Merge A Group Of Subsidiaries
Empresa Nacional de Electricidad SA announced that, as a continuation of a press releases dated February 29, 2012 on merging the group of its subsidiaries, it has completed the process of legalization, corresponding to the first two mergers: a merger by incorporation of Empresa Electrica Pangue SA into Empresa Electrica San Isidro SA, and a merger by incorporation of Ingendesa and Enigesa into Endesa Norte SA, effective on May 1, 2012. Full Article
WRAPUP 1-Chile Endesa, Enersis Q1 net profits fall
SANTIAGO, April 29 - Electricity generator Endesa Chile's first quarter net profit slipped 4.4 percent from a year-earlier, mainly on increased costs related to taxes in Chile and Colombia, the company said on Monday.
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