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//electricaribe
0

After Less Than A Year, Blanca Liliana Ruiz Out & Javier Lastra Fuscaldo In As Head Of EPM’s Afinia

EPM’s management has been a constantly revolving door since Medellín’s Mayor Daniel Quintero took office, the utility seeing 4 CEOs in less than two years, resignation of the board of directors, and further intrigue. Now that instability appears to be affecting Afinia.
Posted On August 19, 2021
, By Loren Moss
0

Fitch Downgrades EPM Credit Ratings From BBB- To BB+ After City of Medellín Credit Downgrade

Fitch views EPM's corporate governance as weak due to the strong influence exerted by the company's owner, the City of Medellin. EPM has an ESG Relevance Score of '4', which reflects the company's recent instability in board membership and indicates that the score has a negative...
Posted On July 13, 2021
, By Loren Moss
1

Interview: Medellín City Councilman Daniel Carvalho On The EPM Crisis, Medellín Governance & Colombia Unrest

City council member Daniel Carvalho has said enough is enough, and that the mayor’s mismanagement is putting Colombia’s second largest enterprise and Medellín’s single largest municipal revenue source at grave risk.
Posted On June 23, 2021
, By Loren Moss
Jorge Andrés Carrillo Cardoso Appointed As New CEO of EPM
1

Jorge Andrés Carrillo Cardoso Appointed As New CEO of EPM

Bond investors and ratings agencies will be watching closely for signs that Carrillo has both the autonomy and acumen to successfully move the company forward while avoiding the political intrigue brewing in Colombia’s second largest city.
Posted On April 29, 2021
, By Loren Moss
After 1 week, Alejandro Calderón Chatet will no longer be CEO of EPM.
2

EPM Governance Crisis Deepens: New CEO Alejandro Calderón Chatet Resigns, 1 Week After Being Appointed

The letter of resignation came just hours after a contentious press conference where Calderón wished to discuss his investment plan, but the press, including Finance Colombia, wished to delve into the numerous gaps and inconsistencies in his qualifications.
Posted On April 12, 2021
, By Loren Moss
Alejandro Calderón Chatet is the new CEO of Empresas Públicas de Medellín (EPM).
0

Alejandro Calderón Chatet Appointed CEO of EPM

Calderón has a background in finance and investment, working as a credit analyst for Standard & Poor in Paris, serving as the Colombian consul in Boston, Massachusetts during the Juan Manuel Santos administration, and holding several investment banking roles in Bogotá.
Posted On April 6, 2021
, By Loren Moss
EPM General Manager Alvaro Rendón (left) with Medellín Mayor Daniel Quintero (photo credit: EPM)
2

Former CEO of EPM Denounces Medellín’s Mayor As A Menace To The Utility’s Corporate Governance & Independence

According to Rendón on radio interviews he gave with Colombian radio stations Blu Radio and W Radio, Mayor Quintero has led a hostile takeover of EPM. In the interviews, Rendón accused the mayor of attempting to install his private secretary, Camila Villamizar, on various EPM...
Posted On February 8, 2021
, By Loren Moss
Ruíz has spent the last 24 years of her career at EPM, where she has held multiple posts including Director of Energy Regulation, and Executive Vice President of Business Management.
1

EPM Appoints Blanca Liliana Ruíz Arroyave To Run Acquired Afinia Caribbean Electrical Utility

Ruíz has spent the last 24 years of her career at EPM, where she has held multiple posts including Director of Energy Regulation, and Executive Vice President of Business Management.
Posted On November 30, 2020
, By Loren Moss
off

Colombia’s 1st Renewable Energy Auction Faces Peculiar Challenges

Colombia’s First Renewable Energy Auction has been set for October 22, 2019. The government has published the PPA (Power Purchase Agreement) contract and its terms of reference.  There have been several relevant modifications to the auction’s design intended t...
Posted On July 18, 2019
, By Francisco Sanclemente
electricaribe
off

Colombian Government Orders Liquidation of Electricaribe

"The priority is that neither users nor companies suffer due to the energy supply," said President Santos.
Posted On March 14, 2017
, By Jared Wade
12




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RECENT

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COMMENTS

US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

Posted On June 22, 2022

Guest Editorial: Colombia’s Establishment Wins Again, But at What Price?

Posted On June 20, 2022
Today, Colombian voters elected Gustavo Petro as the next president of Colombia, along with his running mate Francia ‘Márquez Mina as vice president

Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

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