Natalia Fernández Sepúlveda – GC Powerlist
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Chile 2023

Energy and utilities

Natalia Fernández Sepúlveda

General counsel | Enel Generación Chile

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Chile 2023

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Natalia Fernández Sepúlveda

General counsel | Enel Generación Chile

What are the most significant cases or transactions that your legal team has recently been involved in?

In the last period, the legal team of Enel Generación Chile has carried out transactions for the purchase and sale of energy, fuel and other types of supplies, for values greater than US$800m, all of which can be seen in press releases and in financial statements for the year 2022.

In general, what would you like to see change about the external law firms you use? Examples could be greater flexibility in billing, a more expansive suite of services offered, more transparency in reporting ESG statistics etc.

We believe it relevant that all service providers to our company have within their values and principles, those that our company includes, such as openness to gender diversity in relevant corporate positions, in respect for human rights, and that highlighted materials from ESG.

How do you suggest in-house lawyers build strong relationships with business partners?

We believe the interaction and inclusion of internal lawyers with the lawyers and teams of our suppliers in different parts of the world is relevant, joint work allows better results, an example of this is the inclusion of lawyers from legal studies within the companies for determined periods, and vice versa, for example, the inclusion of internal lawyers in foreign law firms, which allow and reinforce training and the growth of corporate relationships.

What are some of the main legislative or regulatory changes that have impacted you?

Among the most relevant regulatory changes at the level of electricity companies has been the prohibition of the increase in energy bills, and the various instruments with the same purpose during Covid-19.

This has had an impact on the implementation of regulatory mechanisms to address the interruption of the payment chain, particularly the electricity rate stabilisation mechanism and its complementary instruments. This regulation impacts all electric companies that have participated in tenders and contracts for the sale of energy in the regulated market.

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