Annual Report 2009 - Isagen

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ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.64International Energy Transactions betweenColombia and Ecuador, accordingto the Transitory Regime adopted by CANDecision 720.The Auction of Financial Rights toCapacity Access of the Colombia-Panama Interconnection.Regional Transmission Systems (STR, forits Spanish initials) and Local DistributionSystems (SDL, for its Spanish initials)Annual Costs and Maximum Charges.Methodology and tariff formulas to remuneratethe electric energy transmissionactivity in the National TransmissionSystem (STN, for its Spanish initials).Technical requirements that must be fulfilledby co-generation processes in orderto regulate this activity.As far as natural gas is concerned, as statedearlier, part of the regulation was relatedto the rationing declaration, issued onSeptember 29 of 2009. The followingregulations can be highlighted and they arerelated to:A resolution supplementing the NaturalGas Transport Single Statute, inrelation to gas quality during energycrisis periods.The order of natural gas demandattention for agents with the samepriority level.A resolution draft to establish generalcriteria to define costs of natural gastransport services and the generalscheme of charges for the NationalTransmission System.Tariff basket methodology for the fuel gasdistribution activities through pipe networksand the associated administration,operation and maintenance -AOM- costsof transport activities.Contracts guaranteeing firm supply tothermoelectric plants, supplying naturalgas or its substitution for liquid fuels.Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.65INTERNATIONALIZATIONPOWER SECTORDEVELOPING THEINTERNATIONALIZATIONSTRATEGYISAGEN is looking to transcend borders in Latin America by developingits energy business in different countries of the region. It has focusedits efforts on the creation of an International Reference BusinessPortfolio that will allow the Company to develop projects of new generatinggeneration capacities. This effort is an integral part of a MarketIntelligence that allows the maintenance and use of information to improveand assign priorities to the Company’s prospects in the differentmarkets defined within the Strategy.International ContextMacroeconomic SettingThe year 2009 was characterized by the crisis that affected the productive activitythroughout Latin America. After high growth indexes during 2008 across the wholeregion, generalized deceleration was the rule in all of the region’s countries,although more moderate than in other regions of the world.CHART 13. LATIN AMERICA GDP GROWTH (%)(%) versus last yearNote: GDP: Gross Domestic Product; 2009 projected; 2010 estimated / Source: BMI, Banco de laRepública; ISAGEN AnalysisContents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
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