Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

E.CL Jumps in Chile After Long-Term Fuel Supply Deal

E.CL SA, a power-generation unit of France’s GDF Suez, rose the most in two years after saying it had signed a long-term contract for fuel at its thermoelectric plants in northern Chile.

Shares surged 4.9 percent to 691.48 pesos at the close in Santiago, the biggest gain since August 2011. Volume traded was almost eight times the full-day average of the past three months. The IPSA benchmark index climbed 0.1 percent.

The power company disclosed yesterday in a regulatory filing a contract with Soc. GNL Mejillones SA that will guarantee a supply of liquefied natural gas for its thermal plants through 2026.

“Securing long-term supply of LNG is beneficial for the company,” EuroAmerica Corredores de Bolsa SA analyst Ximena Garcia said today in an e-mailed research note. “We should see a positive impact on this overly punished stock.”

E.CL’s shares have fallen 37 percent in 2013, the IPSA gauge’s seventh-worst performance. The company reported a net loss of $8.51 million in the second quarter as fuel costs rose.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.