Annual Report 2009 - Isagen

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