EDENOR (Empresa Distribuidora y Comercializadora Norte Sociedad Anónima) is a prominent Argentinian company trading on the New York Stock Exchange under the ticker symbol ‘EDN’. The company is one of Argentina's leading private utilities, primarily responsible for distributing electricity in the northern Greater Buenos Aires area in Argentina, serving approximately 9 million people.
Established in July 1992, EDENOR is regulated by ENRE, Argentina's national electricity regulatory entity. The company’s operating concession was initially granted until 2027 but was extended in 2017 till 2072, providing the company with a more prolonged period for financial planning and infrastructure investment.
EDENOR's primary business activities include the operation, maintenance, and development of the electricity distribution network, on a concession basis. The company distributes approximately 20% of the nation's energy whereby its distribution system accounts for approximately 4,637 square kilometers and consists of approximately 31,610 kilometers of distribution lines, both underground and overhead.
EDENOR prides itself on innovation and technological advancement. This leading utility company utilizes state-of-the-art software and hardware to monitor and respond to power outages, grid problems, and emergencies efficiently. It is also investing in renewable energy to be more environmentally friendly and to cope with Argentina's increasing energy demand.
EDENOR over the years has been involved in various corporate social responsibility initiatives, with a focus on promoting sustainable development, improving living standards, and securing social progress among the communities it serves. It has also implemented various energy efficiency programs urging its customers to utilize energy in a responsible and efficient manner.
Despite the challenging economic situation in Argentina, EDENOR has strived to maintain a strong financial outlook and has been actively involved in executing strategies that have bolstered their financial performance. This includes the optimization of operations, enhancement of service quality, raising investments in infrastructure, and facilitating access to energy services for new customers.
Over the course of its existence, EDENOR has solidified its position as a leading player in the Argentinian energy market, and continues to play a crucial role in addressing the emerging needs of this vibrant South American country as it navigates its energy future.
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YPF has accepted an offer from Edenor to sell its entire stake in MetroGAS and MetroENERGÍA for US$780 million. The transaction includes 70% of MetroGAS and 5% of MetroENERGÍA, marking YPF's exit from these companies as part of its asset reordering strategy. The deal is subject to regulatory approvals, including from the National Gas and Electricity Regulatory Ente (ENRGE).
YPF has sold its stake in MetroGAS S.A. and MetroENERGÍA S.A. to Edenor S.A. for US$780 million. This strategic move aligns with YPF's goal to optimize its asset portfolio and focus investments on developing Vaca Muerta, aiming to become a global shale company. The transaction, which requires regulatory approvals, will see YPF divest its entire 70% share in MetroGAS and 5% in MetroENERGÍA.