Interconexion Electrica S A : Accumulated to September 2016, ISA's net income reached nearly COP 2 trillion*
October 31, 2016 at 06:47 pm EDT
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Consolidated operational income surpassed COP 10 trillion*.
EBITDA was nearly COP 8 trillion.
ISA's accumulated net income to September 2016 was COP1.965.262 million. Excluding the effect of recognition of the RBSE values, accumulated profit was COP633.480 million, representing a net income increase of COP73.353 million, equivalent to an increase of 13,1% compared with the same period last year. The increase was mainly due to higher revenues in Energy Transmission, Toll Roads and Telecommunications businesses; and higher results in companies where it has joint control, partially offset by the higher financial expenses previously mentioned, higher major maintenance costs in Chile and higher provisions.
Following Technical Note announcement and upon the initiation of the explanatory public hearings in Brazil related to the recognition of RBSE (value of basic network in the existing system), the Company considered that sufficient conditions existed for the recognition of CTEEP (ISA's subsidiary) during this quarter.
*Included the recognition of values of the Basic Network in the Existing System (RBSE) in CTEEP, an ISA subsidiary in Brazil.
ISA - Interconnection Electric SA ESP published this content on 31 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 October 2016 22:47:09 UTC.
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Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.
INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. 
