Buenos Aires, July 31st 2018
GAL Note N° 121/18
Messrs.
COMISIÓN NACIONAL DE VALORES
Argentine Securities and Exchange Commission
25 de Mayo 175
Issuers´ Sub-Management Office
Messrs.
BOLSAS Y MERCADOS ARGENTINOS S.A.
Sarmiento 299
Ref: Material Fact
Dear Sirs,
I hereby address you on behalf ofEmpresa Distribuidora y Comercializadora Norte S.A. (EDENOR or the “Company” indistinctively), in compliance with the applicable regulation, in order to inform that today The Ministry of Energy and the Company agreed to differ 50% of the Own Distribution Cost variation adjustment set forth under the Sub-annex 2 of the Concession Agreement corresponding to the 2018 February-August semester, for its application in six (6) consecutive monthly installments as from February 1st 2019, which does not imply either a negative economic impact for the Company or any effect in the service’s quality parameters resulting from the Integral Tariff Review implemented on February 1, 2017. Moreover, the Ministry agreed to carry out the necessary administrative actions towards the regularization of the pending obligations from the Transition Period, as well as to promote the processing of issues pending resolution related to the New Framework Agreement approved by Decree N° 1.972/2004 in regards to the consumption in shantytowns.
Yours faithfully,
Carlos D. Ariosa
Attorney-in-fact
Empresa Distribuidora y Comercializadora Norte S.A. | ||
By: | /s/ Leandro Montero | |
Leandro Montero | ||
Chief Financial Officer |