Annual Report 2009 - Isagen

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ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.52Trading In FiguresResults from ISAGEN’s trading operationTABLE 6.ENERGY AND GAS TRADINGREVENUESTABLE 7.ENERGY AND GAS TRADINGEXPENDITURES2009 2008 Difference Growth$Million $Million $Million %Local contracts 893.125,69 959.317,5 -54.300,1 -6,9International contracts 61.582,9 23.079,7 28.975,2 166,8Pool transactions 386.866,6 154.722,3 232.144.3 150,0Pool interconnection transactions - 53,7 -53,7 -100,0ACG 5.112,4 11.847,5 -6.735,2 -56,8Reliability Charge - 0,0 0,0 -Reliability Charge backup 2.363,8 414,3 1.949,5 470,6Deviations 594,1 331,9 262,2 79,0Technical services 6.396,7 5.104,2 917,0 25,3Gas 54.509,8 76.829,1 -22.319,2 -29,1Total Revenues 1.410.551,9 1.231.700,3 180.839,9 14,52009 2008 Difference Growth$Million $Million $Million %Local contracts 0,0 0,0 0,0 -International contracts (Venezuela) 78,9 93,8 -15,0 -15,9Pool transactions 177.571,8 85.930,0 91.641,8 106,6Pool interconnection transactions 0,0 0,0 0,0 -ACG 4.071,9 9.865,3 -5.793,4 -58,7Reliability Charge purchases 72.233,2 96.941,7 -24.708,4 -25,5Reliability Charge backup 110,4 15,7 94,8 605,5Deviations 202,7 80,8 121,9 150,9Constraints 17.642,90 23.516,50 -5.873,60 -25,0STN, STR and SDL use 144.525,22 155.585,80 -11.060,58 -7,1STN connection 14.644,08 11.047,50 3.596,58 32,6Administration services 7.497,04 6.304,60 1.192,44 18,9Law 99 contributions 31.318,31 33.193,00 -1.874,69 -5,6FAZNI contributionsI 10.128,83 10.133,70 -4,87 0,0Gas 56.083,39 43.881,80 12.201,59 27,8Total Expenditures 536.108,61 476.590,10 59.518,51 12,5Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.53Long-Term ContractsOf total Colombian electric energy demandduring 2009, (54,672 GWh) 13.1% was suppliedby ISAGEN sales under long-termcontracts.Compared to last year, contracted amount decreased19.9%. Commitments with wholesaletraders decreased 28.9% and commitmentswith unregulated end-customers decreased11% as a result of industrial demand drop infactories served by the Company, in turn dueto the negative impact that the low growth rateof the world economy produced in their manufacturingactivities.The total revenues from long-term contractsduring 2009 decreased 2.9%.During 2009, energy was supplied to a largepart of the Colombian territory through electricpower companies around the country,such as: Energía Empresarial de la Costa,Centrales Eléctricas de Norte de Santander,Electrificadora de Santander, Codensa,Empresa de Energía del Pacífico, Enertolima,Cedenar, Electricaribe, Electrocosta, Empresade Energía del Quindío, Empresa de Energíade Pereira, Empresa de Energía de Putumayo,as well as 223 industrial end-customers, consolidatingISAGEN as a generator and traderwith nationwide presence.From September 2008, the Company performs international sales, dispatching energy toVenezuela through the Corozo–San Mateo transmission line. Total energy transferred in2009 through this line was 281.6 GWh.TABLE 8.ISAGEN ENERGY TRADING THROUGH LONG-TERM CONTRACTS (GWh)2009 2008 Difference Growth$Millones GWh $Millones GWh $Millones GWh % %National sales 893.125,6 7.005,9 959.731,8 8.990,6 -66.606,2 -1.984,7 -6,9 -22,1Traders 444.661,7 3.944,5 484.745,9 5.550,5 -40.084,2 -1.606,0 -8,3 -28,9Large consumers 448.463,9 3.061,4 498.065,6 3.440,1 -49.601,7 -378,7 -10,0 -11,0International sales 61.582,9 281,6 23.079,7 103,4 38.503,2 178,2 166,8 172,3Total Sales through954.708,5 7.287,5 982.811,5 9.094,0 -28.103,0 -1.806,5 -2,9 -19,9contractsTotal Purchasesthrough contracts0 0 0 0 0 0 0 0* Revenues from contract sales include, additionally to generation and trading, pass-through charges, such astransport, distribution and constraints, among others.CHART 9.CONTRACT SALES – REVENUES BREAKDOWN (%)End customersInternationalTradersContents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
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