Founded 1992Subsidiary of Empresa de Energía del Cono Sur S
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima provides the distribution and sale of electricity in Argentina. The company operates an electrical power distribution system that consists of 85 transformation substations and interconnections with high voltage customers with 20,295 MVA of installed power and 1,594 km of high voltage networks
MV/LV and MV/MV distribution system comprises 19,845 transformers with 10,137 MVA of installed power, 12,732 km of medium voltage networks, and 28,590 km of low voltage networks. The company serves approximately 3.39 million customers.
Founded in 1992 and based in Buenos Aires, Argentina, the company was formerly known as Empresa Distribuidora Norte Sociedad Anónima before rebranding in January 1997. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur S.A.
What does Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDN) do?
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, commonly known as EDN, is an Argentine utility company that provides the distribution and sale of electricity. The company operates an extensive electrical power distribution system consisting of 85 transformation substations and interconnections with high voltage customers, with 20,295 MVA of installed power and 1,594 km of high voltage networks. Its medium and low voltage distribution system includes 19,845 transformers with 10,137 MVA of installed power, 12,732 km of medium voltage networks, and 28,590 km of low voltage networks. EDN serves approximately 3.39 million customers in Argentina.
Where is EDN listed and in which currency does it trade?
EDN is listed on the New York Stock Exchange (NYSE) under the ticker symbol EDN. The company trades in US Dollars (USD), making it accessible to international investors. As a foreign company listed on a US exchange, its financial reporting and share price are denominated in USD, which provides transparency for investors accustomed to US markets.
What sector and industry does EDN belong to?
EDN operates in the Utilities sector, specifically within the Utilities - Regulated Electric industry. This means the company is involved in the generation, transmission, and distribution of electricity under government regulation. As a regulated electric utility, EDN's operations and pricing are subject to oversight by Argentine authorities, which ensures stable revenue but also limits profit margins. The company focuses on delivering electricity to residential, commercial, and industrial customers in its service area.
Where is EDN headquartered and what markets does it serve?
EDN is headquartered in Buenos Aires, Argentina, and primarily serves the Argentine market. The company was founded in 1992 and originally operated as Empresa Distribuidora Norte Sociedad Anónima before rebranding to its current name in January 1997. It is a subsidiary of Empresa de Energía del Cono Sur S.A. EDN's distribution network covers a significant portion of Argentina, providing electricity to approximately 3.39 million customers through its extensive infrastructure of substations and power lines.
How does EDN make money and what are key aspects of its business model?
EDN generates revenue by distributing and selling electricity to end customers in Argentina. The company owns and operates a vast electrical infrastructure, including 85 transformation substations, high voltage networks spanning 1,594 km, and medium and low voltage networks totaling over 41,000 km. It also manages nearly 20,000 transformers. EDN's business model relies on regulated tariffs approved by Argentine authorities, which determine the rates charged to customers. The company serves around 3.39 million customers, providing a steady revenue stream. As a regulated utility, its profitability is influenced by operational efficiency, maintenance costs, and regulatory decisions.
Edenor reported a partial cancellation of Class 3 and 5 Senior Notes, and issued Class 10, Series II Senior Notes denominated in USD at a fixed annual rate of 9.5%.