Buenos Aires, September 7th 2016
GAL Note N° 132/2016
COMISIÓN NACIONAL DE VALORES
Argentine Securities and Exchange Commission
25 de Mayo 175
Issuers´ Sub-Management Office
BOLSA DE COMERCIO DE BUENOS AIRES
Argentine Stock Exchange
Sarmiento 299
Ref: Material Fact
Dear Sirs,
I hereby address you on behalf of Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR) (the “Company”) in accordance with the regulations in force in order to inform that within the framework of the Integral Tariff Revision process established by Resolutions N° 7/2016 issued by the Ministry of Energy and Mining and Resolution N° 55/2016 issued by the National Electricity Regulatory Board (ENRE), EDENOR has submitted the tariff schedule proposal to be applied in the upcoming five years to the ENRE for its approval. For the purpose of the tariff proposal it was proceeded to: (i) establish the capital base applying, in this regard, the depreciated NRV method; (ii) submit the 2017-2021 Investment plan; and (iv) provide the ENRE with the requested information.
The above mentioned has been submitted in accordance with the method and working plan approved by the mentioned ENRE resolution and taking into account the quality criteria approved by ENRE Resolution N° 492 and the asset utilization rate fixed by ENRE Resolution ENRE N° 494 in 8,10% after tax profit and in 12,46% before taxes.
In line with the working plan and schedule duly stated by the Regulatory Board, in the upcoming days, the Board shall summon a Public Hearing
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDENOR S.A.)
Avda. del Libertador 6363 – Buenos Aires, C1428ARG – Argentina. Tel.: 4346-5400 Fax: 4346-5327
as a step prior to solve the tariff schedule for the upcoming period, which may take into account, in whole or in part, the proposal submitted by the Company.
Yours faithfully,
Carlos D. Ariosa
EDENOR S.A.
Attorney-in-fact
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDENOR S.A.)
Avda. del Libertador 6363 – Buenos Aires, C1428ARG – Argentina. Tel.: 4346-5400 Fax: 4346-5327
Empresa Distribuidora y Comercializadora Norte S.A. | ||
By: | /s/ Leandro Montero | |
Leandro Montero | ||
Chief Financial Officer |