Enersis S A (ENI)

Enersis SA was originally organized as Companía Chilena Metropolitana de Distribucion Electrica S.A., as recorded in a public deed on June 19, 1981. The existence of the company under its current name, Enersis S.A., or Enersis, dates back to August 1, 1988. Enersis is a publicly held limited liability stock company domiciled in Santiago, Chile, and operates under Chilean law and regulations. The Company traces its origin to Compania Chilena de Electricidad Ltda., or CCE, which was formed in 1921 as a result of the merger of Chilean Electric Tramway and Light Co., founded in 1889, and Companía Nacional de Fuerza Electrica, with operations dating back to 1919. It is an electric utility company mainly engaged, through its subsidiaries and affiliates, in the generation, transmission and distribution of electricity in Chile, Argentina, Brazil, Colombia and Peru. The Company is one of the private sector companies in the electricity sector in South America. In 1970, the Chilean government nationalized CCE. In 1981, CCE's operations It is divided into one generation company, the current AES Gener S.A., and two distribution companies, one with a concession in the Fifth Region, the current Chilquinta S.A., and the other with a concession in the Santiago Metropolitan Region, Companía Chilena Metropolitana de Distribución Electrica S.A. On August 1, 1988, Companía Chilena Metropolitana de Distribución Electrica S.A. changed its name to Enersis S.A. and became the new parent company of Distribuidora Chilectra Metropolitana S.A., later renamed Chilectra S.A. The Company began its international operations with the 1992 investment in Edesur, an Argentine electricity distribution company. Enersis then expanded mainly into electricity generation, transmission and distribution businesses in fits South American countries: Argentina, Brazil, Colombia and Peru. The Company with its subsidiaries is engaged in the generation, transmission and distribution of electricity in five different countries. The Company's electricity facilities are subject to federal and local environmental laws and regulations, including Law No.24,051, or "Hazardous Waste Law", and its ancillary regulations.