Bulletin: Enel Chile Can Absorb Reconnection Costs After The Recent Storm

SAO PAULO (S&P Global Ratings) Aug. 12, 2024--S&P Global Ratings believes Enel Chile has the financial flexibility to absorb the one-time costs from reconnecting service for almost 800,000 clients after a severe storm on Aug. 2. The company reported $305 million of cash and $750 million of committed credit lines as of June 30, 2024. On the morning of Aug. 2, a storm in Santiago's metropolitan area in Chile interrupted service for almost 40% of the clients of Enel Chile's subsidiary Enel Distribución Chile S.A. (794,000 of 2.1 million clients, according to the company). There were still 8,262 clients disconnected as of 9 AM on Aug. 12. On Aug. 8, Chile's Ministry of Mining and Energy imposed stricter reconnection targets

...SAO PAULO (S&P Global Ratings) Aug. 12, 2024--S&P Global Ratings believes Enel Chile has the financial flexibility to absorb the one-time costs from reconnecting service for almost 800,000 clients after a severe storm on Aug. 2. The company reported $305 million of cash and $750 million of committed credit lines as of June 30, 2024. On the morning of Aug. 2, a storm in Santiago's metropolitan area in Chile interrupted service for almost 40% of the clients of Enel Chile's subsidiary Enel Distribuci=n Chile S.A. (794,000 of 2.1 million clients, according to the company). There were still 8,262 clients disconnected as of 9 AM on Aug. 12....

Bulletin