Endesa is to supply electricity to Madrid City Council for the next two
years with an option for a third. The company secured the contract put out to
tender for the supply of energy to the municipal buildings and equipment of
Madrid City Council and its autonomous bodies.
According to the latests statement from Endesa, net earnings attributable to the company's controlling shareholders reached Ch$ 35,902 million, a decrease of 43% when compared to March 2013, mainly explained by a higher procurement and services cost and a greater negative exchange rate difference. Consolidated electricity sales declined by 7.2% to reach 12,905 GWh, mainly as a result of lower physical sales in Argentina and less non-regulated customer contracts in Chile.
According to the latest statement from power company Colbun, energy sales volume to customers under power purchase agreements during 1Q14 reached 3,004 GWh, 17% higher than contracted physical energy sales recorded during the same period of the previous year and 5% lower than 4Q13. The increase as compared to 1Q13 is due mainly to the new long-term supply contract with Codelco that started in Mar13, and to a lower extent to an additional short-term supply with the same free customer that started in May13. The decrease in contracted sales for the quarter versus the previous quarter is due mainly to the expiry of two contracts with free customers.
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