The structure and energetics of the peroxyacetyl nitrate conformers syn- and anti-PAN and several cations formed by PAN protonation were investigated by a combination of density functional theory and ab initio calculations, syn-PAN is the more stable conformer that is predicted to predominate in gas-phase equilibria, The acetyl carbonyl oxygen was found to be the most basic site in PAN, the oxygen atoms of the peroxide and NO2 groups being less basic. The 298 K proton affinity of syn-PAN was calculated as 759-763 kJ mol(-1) by effective QCISD(T)/6-311+G(3df,2p) and 771-773 kJ mol(-1) by B3-MP2/6-311+G(3df,2p). The calculated values are 25-39 kJ mol-l lower than the previous estimate by Srinivasan et al, (Rapid Commun. Mass Spectrom. 1998; 12: 328) that was based on competitive dissociations of proton-bound dimers (the kinetic method). The calculated threshold dissociation energies predicted the formation of CH3CO+ + syn -HOONO2 and CH3COOOH + NO2+ to be the most favorable fragmentations of protonated PAN that required 83 and 89 kJ mol(-1) at the respective thermochemical thresholds at 298 K. The previously observed dissociation to CH3COOH + NO3+ was calculated by effective QCISD(T)/6-311+G(3df,2p) to require 320 kJ mol(-1). The disagreement between the experimental data and calculated energetics is discussed. Copyright (C) 2000 John Wiley & Sons, Ltd.