History

The Company was incorporated as an Argentine limited liability corporation (sociedad anónima) in 1945 under the name Frigorífico La Pampa S.A. In 2003, the former business activities, which were limited to the ownership and operation of a warehouse building, were suspended. In 2005, the Company was acquired by the principals of Grupo EMES (formerly Grupo Dolphin), an Argentine private equity group, to serve as a corporate vehicle for its investments in Argentina. The name was changed first to Pampa Holding S.A., and subsequently to Pampa Energía S.A., given the Company’s focus on the energy industry.

Since this change, it begins a story highlighting one goal: to become one of leading energy companies in Argentina. The following timeline summarizes the Company’s milestones:

hist-pampa

2005
November 2005: Pampa is Born
Senior members of Grupo EMES (formerly known as Grupo Dolphin) acquired Pampa Energía to channel their acquisitions in the energy sector.
2007
February 2007: Third Capital Increase
Pampa increases its capital stock in 600 million shares at AR$2.23 per share.
May 2007: Pampa Acquires Central Térmica Loma de la Lata
August 2007: Pampa Acquires Central Térmica Piedra Buena
September 2007: Fourth Capital Increase and Acquisition of Edenor‘s Controlling Stake
Pampa acquires controlling stake of Edenor through a share swap. Pampa increases its capital stock in 480 million shares at AR$2.61 per share to carry out the exchange.
2008
July 2008: Central Térmica Güemes Completes 100 MW Capacity Expansion
The first unit under the Energía Plus scheme.
September 2008: Pampa Initiates its Share Repurchase Programs
More than 200 million shares were bought back, being later cancelled in the capital stock.
2009
October 2009: Pampa Started Trading its ADSs in the NYSE
Under the ticker ‘PAM’ as sponsored ADSs (American Depositary Shares) level II program.
2010
September 2009: First Capital Reduction
Pampa reduces its capital stock in 212 million treasury shares under repurchase programs.
2011
2012
July 2012: Fifth Amendment to CIESA’s Outstanding Debt Restructuring Agreement
Settlement of the defaulted debt, which was acquired in January 2011, and designation of Pampa Energía as the CIESA Trust’s beneficiary, which holds 40% of CIESA, the controlling company of TGS.
2013
2014
January 2014: Petrolera Pampa, the E&P Subsidiary of Pampa, Starts Trading its Shares at the BCBA
Petrolera increases its capital stock by 59.7 million common shares at AR$1.6 per share.
2015
December 2015: Fifth Capital Increase
Pampa increases its capital stock in 382 million shares at AR$1 per share.
2016
July 2016: Acquisition of Petrobras Argentina
Pampa acquires the controlling stake of Petrobras Argentina, thus becoming one of the leading energy companies in Argentina.
November 2016: Sixth Capital Increase
Pampa increases its capital stock in 141 million shares at AR$1 per share.
November 2016: Effective Merger with Petrobras Argentina
Pampa and Petrobras Argentina operate as a single entity, setting the effective date of merger as of November 1, 2016.
2017
January 2017: Corporate Bond Issuance for US$750 million
Pampa places the Series 1 Corporate Bond (CB), which was dollar-denominated and bore interest at a fixed rate for a face value of US$750 million. The issuance price was 99.136% of the par value, at a 7.5% nominal fixed annual rate, yielding 7.625% and maturing 10 years as from issuance.
August 2017: Commercial Commissioning of New Gas Turbine at Central Térmica Loma de la Lata and Central Térmica Parque Industrial Pilar
  • Expansion of a 100 MW capacity at Central Térmica Loma de la Lata

  • Commercial commissioning of Central Térmica Parque Industrial Pilar with a 100 MW capacity

December 2017: Commercial Commissioning of Central Térmica Ingeniero White
The Central Térmica Ingeniero White with a 100 MW capacity started commissioning.
2018
May 2018: Seventh Capital Increase
Pampa increases its capital stock in 102 million shares at AR$1 per share.
June 2018: Commercial Commissioning of the First Wind Farm Engineer Mario Cebreiro
Commercial commissioning of the first Wind Farm Engineer Mario Cebreiro with a 100 MW capacity, which given the technology and size, it is also the first project to reach such milestone under Renovar 1 program.
August 2018: Eighth Capital Increase and Exchange of Minority Holdings of Petrolera Pampa
Pampa increases its capital stock in 144 million shares at AR$1 per share and acquires the minority holdings of Petrolera Pampa, among other companies.
November 2018: Second Capital Reduction
Pampa reduces its capital stock in 183 million treasury shares under repurchase programs.
2019
May 2019: Commercial Commissioning of the Wind Farms for a Total Power Capacity of 106.4 MW
Commercial commissioning of the Pampa Energía Wind Farm (‘PEPE’) II and III with an installed capacity of 53.2 MW each.

May 2019: Joint Awarding of Ensenada de Barragán Thermal Power Plant
Pampa and YPF jointly acquired the Ensenada de Barragán thermal power plant with a power capacity of 560 MW and a project to close the cycle in order to increase its capacity to 840 MW.
June 2019: Commissioning of Gas Turbine at Genelba Thermal Power Plant
Commercial commissioning to the Gas Turbine 04 for 188 MW and capacity increase of the already existing Gas Turbine 03, Genelba Plus, for additional 19 MW, as part of the Genelba Plus’s closing to combined cycle project.