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Enersis S.A. · Santiago Chile ·(NYSE: ENI)(Santiago: ENE)

Company Description

Avenida Santa Rosa 76
Santiago
833-0-099
Chile (Map)
Phone: +56-2-353-4400
Fax: +56-2-378-4788
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    Latin America's largest power holding company Enersis gives Chile (and its neighbors) plenty of heat. Its distribution companies provide power to almost 12 million customers (approximately 45 million people) in regions of Chile (Chilectra), Argentina (Edesur), Brazil (Ampla Energía e Servicos and Coelce), Colombia (Codensa), and Peru (Edelnor). Its 60%-owned Empresa Nacional de Electricidad (known as Endesa Chile) is Chile's largest power generator, with 13,700 MW of capacity. Other operations include real estate, electrical engineering, energy trading, and support services. Spanish utility Endesa owns about 60% of Enersis. To read the full description, subscribe now.

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    Key Enersis S.A. Financials

    Company TypePublic - NYSE: ENI - Santiago: ENE

    Headquarters
    Fiscal Year-EndDecember
    2008 Sales (mil.)$10,261.4
    2008 Employees12,733

    Enersis S.A. Executives

    15 executives listed for Enersis S.A.'s Santiago,  location.
    TitleName & BioContact
    ChairmanPablo Yrarrázaval ValdésNetwork
    Vice ChairmanRafael Miranda RobredoNetwork
    CEOIgnacio AntoñanzasNetwork

    Competition

    Competitive Landscape for Enersis S.A.
    Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.
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