The Superintendency of Electricity and Fuels (SEC) has imposed two new fines totaling $2.07 billion against Engie Energía Chile and Generadora Metropolitana. The penalties follow investigations into the massive blackout that occurred on February 25, 2025.
The regulatory authority assigned 15,000 Monthly Tax Units (UTM) to each company, after detecting deficiencies in the configuration and operation of the protection systems at their generation facilities.
According to the regulator, these technical failures directly contributed to the fragmentation of the National Electric System during the emergency. Conversely, the SEC decided to clear Bioenergías Forestales of any wrongdoing after reviewing the technical and legal evidence in the case.
Total fines exceed $35 billion
These new sanctions are added to a list of penalties already applied to other entities in the sector. Companies such as InterChile, Transelec, Alfa Transmisora, CGE Transmisión, AES Andes, and Engie Energía have already accumulated fines exceeding $35 billion.
SEC Superintendent Marta Cabezas Vargas stated that the decisions stem from an exhaustive investigation of thousands of operational records. "The goal is to determine specific responsibilities and to reinforce the security and reliability of the national electric system," the official stated.
Cabezas Vargas emphasized that facilities must comply with current regulatory standards, especially during emergencies. She added that the investigation remains open, and further sanctions against other industry players have not been ruled out.
The sanctioning process began in February 2026, when the first fines of over $21 billion were applied to InterChile, Transelec, and Alfa Transmisora. During that same period, the advisors of the National Electric Coordinator were also sanctioned with personal payments of nearly $21 million each for failing in their oversight duties.
Subsequently, the SEC issued additional sanctions to CGE Transmisión and Engie Energía for more than $8 billion, followed by a $3.48 billion fine against AES Andes.