Please wait

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
 
(Amendment No. 2)
 
Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR)
(Distribution and Marketing Company of the North)
(Name of Issuer)
 
American Depositary Shares (“ADSs”), each representing 20 Class B Shares (“Class B Shares”)
(Title of Class of Securities)
 
N/A
(CUSIP Number)
 
Romina Benvenuti
Ortiz de Ocampo 3302
Building #4
C1425DSR
Buenos Aires
Argentina
Tel: 54 11 4809 9520
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
December 7, 2010
(Date of Event which Requires Filing of this Statement)
 
If the Reporting Person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box. o
 
Note.    Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d -7 for other parties to whom copies are to be sent.
 
The remainder of this cover page shall be filled out for a Reporting Person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
(Continued on following pages)
 
 

 
 
CUSIP No. N/A
13D
Page 2 of 5 Pages  
 
1
NAMES OF REPORTING PERSONS
Pampa Inversiones S.A.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) 
(b)
o
o
3
 SEC USE ONLY
4
SOURCE OF FUNDS
WC
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
    o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Uruguay
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
-0-
8
SHARED VOTING POWER
33,248,435
9
SOLE DISPOSITIVE POWER
-0-
10
SHARED DISPOSITIVE POWER
33,248,435
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,248,435
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
    o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.5%
14
TYPE OF REPORTING PERSON
HC - CO
 
 
Page 2 of 5 Pages

 

CUSIP No. N/A
13D
Page 3 of 5 Pages  
 
1
NAMES OF REPORTING PERSONS
Pampa Energia S.A. (Pampa Energy Inc.)
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) 
(b)
o
o
3
 SEC USE ONLY
4
SOURCE OF FUNDS (see instructions)
AF
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
  o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
33,248,435
8
SHARED VOTING POWER
-0-
9
SOLE DISPOSITIVE POWER
33,248,435
10
SHARED DISPOSITIVE POWER
-0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
33,248,435
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
    o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
7.5%
14
TYPE OF REPORTING PERSON
HC - CO

 
Page 3 of 5 Pages


 
 

 


This Amendment No. 2 amends and supplements the Schedule 13D filed by Pampa Inversiones S.A. (“PISA”) and Pampa Energía S.A. (“Pampa Energía”and together with PISA the "Reporting Persons") with the Securities and Exchange Commission (the “SEC”) on November 22, 2010 (dated as of September 28, 2010), as amended by the Schedule 13D Amendment No. 1 filed with the SEC on November 5, 2010 (the “Schedule 13D”), related to the American Depository Shares (“ADSs”), each representing 20 Class B Shares (“Class B Shares”) of Empresa Distribuidora y Comercializadora Norte S.A. (Edenor), an Argentina sociedad anonima (the “Company”).

Items 4 and 5 are hereby amended and restated, as follows:

Item 4.  Purpose of Transaction.

Pampa Energía has caused its subsidiary PISA to sell and purchase Shares of the Issuer to take advantage of favorable market conditions.

Item 5.  Interest in Securities of the Issuer.
(a) and (b).                      The Reporting Persons have, as of December 9, 2010, the following interests in the Shares:

 
Shares Beneficially Owned
% of Class
Sole Power to Vote
Shared Power to Vote
Sole Power to Dispose
Shared Power to Dispose
PISA
33,248,435
7.5%
-0-
33,248,435
-0-
33,248,435
Pampa Energía
33,248,435
7.5%
33,248,435
-0-
33,248,435
-0-

To the knowledge of the Reporting Persons, none of the executive officers or directors of each of PISA and Pampa Energía owns any Shares with the exception of Gustavo Mariani, a director of Pampa Energía, who owns 640,000 Class B Shares, or 0.1% of the Shares, and has the sole power to vote and dispose of these 640,000 Class B Shares.

(c)                                      Since the filing of the Schedule 13D Amendment No. 1 on November 5, 2010, PISA has effected the following transactions in the ADSs through brokers on the New York Stock Exchange:

 
 
Date of Transaction
ADSs Purchased or Sold
Equivalent Number of Shares
 
Price per ADS
(U.S. dollars)
 
 
Brokers
November 12, 2010
1,029
20,580
U.S. $ 9.8917
JPM Securities
November 15, 2010
8,646
172,920
U.S. $ 9.8992
JPM Securities
November 19, 2010
3,600
72,000
U.S. $ 10.0986
JPM Securities
December 2, 2010
(166,845)
(3,336,900)
U.S. $ 13.5814
Merril Lynch
December 3, 2010
(35,000)
(700,000)
U.S. $ 14.0000
Merril Lynch
December 3, 2010
(1,100)
(22,000)
U.S. $ 14.2000
JPM Securities
December 6, 2010
(100,000)
(2,000,000)
U.S. $ 14.5052
Merril Lynch

 
 

 
Pampa Energia has not and, to the knowledge of the Reporting Persons, Gustavo Mariani has not, effected any transactions in the Shares or ADSs since the filing of the Schedule 13D Amendment No. 1 on November 5, 2010.


 
  Page 4 of 5 Pages
 
 
 
 

 

 
SIGNATURE
 
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:  December 9, 2010
 
 
PAMPA INVERSIONES S.A.
   
 
By: /s/ Ricardo Torres       
 
      Name: Ricardo Torres
      Title:   President
   
 
PAMPA ENERGIA S.A.
   
 
By: /s/ Roberto Maestretti
 
      Name: Roberto Maestretti
      Title:  Chief Financial Officer
   
   
   
   
   
 
 
Page 5 of 5 Pages