General Announcement::IENOVA SIGNS A SUSPENSION AGREEMENT WITH CFE

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-Aug-2019 21:51:06
Status
New
Announcement Sub Title
IENOVA SIGNS A SUSPENSION AGREEMENT WITH CFE
Announcement Reference
SG190805OTHRCDJ7
Submitted By (Co./ Ind. Name)
RODRIGO CORTINA CORTINA
Designation
CORPORATE LEGAL DIRECTOR
Effective Date and Time of the event
05/08/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
IENOVA SIGNS A TERM SUSPENSION AGREEMENT WITH THE FEDERAL ELECTRICITY COMMISSION TO AVOID THE EARLY TERMINATION OF THE GUAYMAS EL ORO PIPELINE AGREEMENT

Mexico City, August 5, 2019 Infraestructura Energ tica Nova, S.A.B. de C.V., ("IEnova"), reports that, within the framework of the Negotiation Rounds convened by the Federal Government related to the Natural Gas Pipeline Transportation Services Agreements entered into by the Federal Electricity Commission ("CFE") and some private companies, it executed a Term Suspension Agreement (the "Suspension Agreement"), with respect to the Natural Gas Transportation Services Agreement for the Guaymas El Oro gas pipeline, entered into between CFE and one of IEnova's subsidiaries on November 1, 2012 (the "Agreement"), in which operation was disrupted by actions of a third-party since August 22, 2017.

In accordance with the Agreement, if an event prevents the transportation company from providing the natural gas transportation services to the CFE for a period longer than two consecutive years, the Agreement shall be deemed to have terminated.

To avoid termination of the Agreement, CFE and IEnova executed the Suspension Agreement so that within a four month period, the parties take all necessary and available actions to resume the operation of the pipeline. The execution of the Suspension Agreement does not imply any waiver of the rights of the parties under the Agreement.

The execution of the Suspension Agreement reflects IEnova's commitment to maintain a dialogue with the Federal Government and with the CFE in order to reach a satisfactory agreement between the parties and continue to provide natural gas transportation services in the Guaymas El Oro pipeline.

Attachments

Evento Relevante Susp_GEO ENG.pdf
Total size =147K