Enersis S.A. ADR ( ENI)

Q3 2010 Earnings Call

October 28, 2010 11:00 am ET

Executives

Alfredo Ergas - CFO

Analysts

Diego Moreno - Bank of America Merrill Lynch

Cristian Jadue - Santander

Presentation

Operator

Good day ladies and gentlemen and welcome to the Third Quarter 2010 Enersis S.A. ADS Conference call. My name is Veronica and I will be your operator for today. At this time all participants are in a listen only mode. We will be facilitating a question and answer session towards the end of the conference. (Operator Instructions)

During this conference call we may make statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements could include statements regarding the intent, belief or current expectations of Enersis and it’s management within respect to, among other things, Enersis’ business plans; Enersis’ cost-reduction plans; trends affecting Enersis’ financial condition or results of operations, including market trends in the electricity sector in Chile or elsewhere; supervision and regulation of the electricity sector in Chile or elsewhere; and the future effect of any changes in the laws and regulations applicable to Enersis or its affiliates.

Such forward-looking statements reflect only our current expectations, are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those anticipated in the forward-looking statements as a result of various factors. These factors include a decline in the equity capital markets of the United States or Chile, an increase in the market rates of the interest in the United States or elsewhere, adverse decisions by government regulators in Chile or elsewhere and other factors described in Enersis’ Annual Report on Form 20-F including under Risk Factors. You may access our 20F under SEC’s website www.sec.gov. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of their dates. Enersis undertakes no obligation to update these forward-looking statements or to disclose any development as a result of which these forward-looking statements become inaccurate.

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