SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

For the month of August, 2016

Commission File Number 1-34129


CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
(Exact name of registrant as specified in its charter)



BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)



Avenida Presidente Vargas, 409 - 13th floor,
Edifício Herm. Stoltz - Centro, CEP 20071-003,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 
 

 
 

Marketletter 2Q16

 

Summary

 

Page

 

IV. Eletrobras Companies Information

03

V. Market Data of Eletrobras Companies

70

VI. Generation Data

71

VII. Transmission Data

76

VIII. Distribution Data

82

IX. Employees

84

X. Investments

85

XI. SPEs Data

103

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

2

 

 
 

 

Marketletter 2Q16

 

IV. Eletrobras Companies Information

 

 

IV.1 Financial Statements with Consolidation Purposes

 

The financial statements presented below have been adjusted for standardization purposes and to to reflect the Eletrobras consolidated statements.

 

ASSETS 06/30/2016

Furnas

Chesf

Eletrosul

Eletronorte

Eletropar

Eletronuclear

CGTEE

Amazonas GT

CURRENT

              

 

Cash and Cash Equivalent

19,176

148,800

26,138

18,534

2,537

1,786

17,468

40,490

Clients (Consumers and Resellers)

590,338

358,931

192,503

1,279,682

-

212,731

236,937

647,316

Financing and Loans

1,041

2,419

1,492

-

-

-

-

-

Marketable Securities

924,033

6,501

144,879

509,030

49,875

108,157

-

220,374

Dividends to Receive (Remuneration of Equity Participations)

72,015

36,103

5,556

-

964

-

-

-

Deferred Fiscal Assets (Tax and Contributions)

22,184

12,451

5,055

206,027

3,387

17,415

10,369

5,992

Income Tax and Social Contribution

205,964

74,865

17,447

-

-

-

-

-

Derivatives

-

-

-

72,602

-

-

-

-

Reimbursement Rights

-

-

-

-

-

-

16,360

-

Linked Deposits

-

69,800

42,526

-

-

-

-

-

Stored Materials

33,547

78,887

37,738

108,931

-

124,753

34,679

32,730

Amounts to Receive - 12,783/2013 Law

-

-

-

-

-

-

-

-

Nuclear Fuel Storage

-

-

-

-

-

402,453

-

-

Financial Asset

-

128,281

54,744

304,117

-

-

-

-

Hydrological risk

111,380

-

2,007

34,313

-

-

-

11,414

Others

1,979,678

917,038

530,085

2,533,236

56,763

867,295

315,813

958,316

CURRENT TOTAL

2,378,862

1,270,924

758,334

2,818,216

60,531

949,756

322,903

973,285

 

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM ASSET

 

 

 

 

 

 

 

 

Financial Asset – Itaipu (Parent Company)

-

-

-

-

-

-

-

-

Fuel Consumption Account (Parent Company)

-

-

-

-

-

-

-

-

Dividends to Receive (Equity Participation Remuneration)

-

-

-

-

-

-

-

-

Clients (Consumers and Resellers)

537,842

2,630

695,773

3,485

-

-

-

-

Financing and Loans - principal

929

-

2,126

-

-

-

-

-

Marketable Securities

-

1,607

42

250

-

-

-

-

Diferred Fiscal Asset (Taxes and Contributions)

-

181,773

4,275

38,568

3,416

-

33,659

-

Income Tax and Social Contribution

-

-

-

288,528

-

-

-

-

Derivatives

-

-

-

68,936

-

-

-

-

Reimbursement Rights

-

-

-

-

-

-

-

-

Linked Deposits

763,209

1,170,665

153,512

508,498

55

61,720

5,272

67,887

Financial Asset

19,844,738

13,290,708

3,138,933

8,961,897

-

736,121

-

-

Financial Asset – Indemnitiable Concessions (Generation)

1,213,707

716,002

-

-

-

-

-

-

Advance for equity participation

67,517

396,365

927,940

109,188

-

-

-

-

Hydrological risk

270,409

-

23,583

210,119

-

-

-

7,713

Others

215,348

199,641

106,097

2,348,195

1,384

474,645

158,330

9,070

LONG-TERM ASSET TOTAL

22,913,699

15,959,391

5,052,281

12,537,664

4,855

1,272,486

197,261

84,670

 

 

 

 

 

 

 

 

 

INVESTIMENTS

6,647,912

4,671,994

2,115,959

4,499,560

111,361

-

-

-

 

 

 

 

 

 

 

 

 

FIXED ASSET

5,778,388

1,667,155

3,239,276

6,899,197

29

5,183,984

1,398,881

1,890,046

 

 

 

 

 

 

 

 

 

INTANGIBLE ASSET

115,091

62,132

216,263

160,852

23

57,203

2,535

5,357

 

 

 

 

 

 

 

 

 

NON-CURRENT ASSET TOTAL

35,455,090

22,360,672

10,623,779

24,097,273

116,268

6,513,673

1,598,677

1,980,073

 

 

 

 

 

 

 

 

 

ASSET TOTAL

37,833,952

23,631,596

11,382,113

26,915,489

176,799

7,463,429

1,921,580

2,953,358

 

3

 

 
 

 

Marketletter 2Q16

 

LIABILITIES 06/30/2016

Furnas

Chesf

Eletrosul

Eletronorte

Eletropar

Eletronuclear

CGTEE

Amazonas GT

               

 

CURRENT

 

 

 

 

 

 

 

 

Suppliers

425,032

393,890

96,765

547,984

-

580,200

191,963

186,417

Loans and Financing - principal

976,870

341,292

753,072

635,432

-

324,502

333,291

1,076,469

Loans and Financing - charges

257,329

12,990

65,086

33,508

-

21,548

12,492

23,425

Bonds

-

-

-

13,650

-

-

-

-

Tax and Social Contributions

249,803

89,860

67,892

222,705

72

62,878

14,081

84,092

Income Tax and Social Contribution

24,986

32,314

43

207,755

413

-

-

9,114

Derivatives

-

-

-

113

-

-

-

-

Reimbursement Obligations

-

-

-

-

-

-

-

-

Advance to clients (Early Energy Sale)

-

-

-

60,504

-

-

-

-

Shareholders Remuneration (dividends to pay)

-

-

41,875

86,789

-

-

79,970

-

Estimated Obligations

187,947

212,225

74,655

194,055

316

102,205

12,052

19,127

Provisions for Contingencies

-

28,118

-

-

300

-

51,646

-

Post-Employment Benefit (Complementary Pension Fund)

8,659

27,081

7,415

-

-

2,730

-

-

Leasing

-

-

-

-

-

-

-

-

Onerous Contracts

-

-

-

9,073

-

-

-

-

Concessions to Pay - UBP

923

-

2,417

-

-

-

-

-

Sector Charges (statutory tax)

109,610

123,378

44,571

295,816

-

5,626

1,305

9,780

Others

373,318

124,580

216,440

1,261,079

3,930

258,152

31,373

583,481

CURRENT TOTAL

2,614,477

1,385,728

1,370,231

3,568,463

5,031

1,357,841

728,173

1,991,905

 

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

 

Shareholders Remuneration (dividends to pay)

-

-

-

-

-

-

-

-

Suppliers

-

-

-

253,166

-

-

18,920

-

Loans and Financing - principal

9,342,778

1,047,823

3,616,189

4,332,327

-

7,241,695

2,229,888

429,127

Bonds

-

-

-

188,581

-

-

-

-

Tax and Social Contributions

548,551

20,777

17,587

-

-

-

-

-

Income Tax and Social Contribution

4,512,900

2,996,148

391,535

-

15,976

-

-

-

Derivatives

-

-

-

53,743

-

-

-

-

Reimbursement Obligations

-

-

-

-

-

-

-

-

Advance to clients (Early Energy Sale)

-

-

-

623,456

-

-

-

-

Estimated Obligations

46,022

51,948

5,166

11,219

-

52,657

1,262

-

Provisions for Contingencies

840,524

1,770,378

90,871

899,631

-

198,129

-

55,570

Provision for uncovered liability in invested company

-

-

261,137

-

-

-

-

-

Post-Employment Benefit (Complementary Pension Fund)

182,247

1,234,673

185,382

25,591

-

49,048

7,112

95

Leasing

-

-

-

-

-

-

-

-

Provision for Onerous Contracts

868,224

225,428

-

239,382

-

1,677,269

-

-

Concessions to Pay - UBP

36,131

-

25,126

-

-

-

-

-

Sector Charges (statutory tax)

130,963

278,623

-

-

-

-

4,333

-

Obligations for asset demobilization (Nuclear Power Plants)

-

-

-

-

-

1,242,516

-

-

Advance for future capital Increase

46,587

-

3

-

-

-

455,409

-

Others

2

101,229

108,230

2,133,783

1,356

21,108

-

520,336

NON-CURRENT TOTAL

16,554,929

7,727,027

4,701,226

8,760,879

17,332

10,482,422

2,716,924

1,005,128

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Social Capital

6,531,154

9,753,953

4,359,226

11,576,263

118,054

6,607,258

845,510

436,750

Capital Reserves

5,053,045

4,916,199

-

-

-

-

-

-

Profit Reserves

-

-

163,948

354,075

481

-

2,596

-

Additional Dividend Purposed

-

-

-

-

-

-

-

-

Profit/Losses Accumulated

8,470,346

1,484,606

903,225

2,681,955

3,711

(10,902,889)

(2,330,597)

(479,548)

Others Comprehensive Income

(1,391,023)

(1,651,843)

(129,475)

(26,146)

32,190

(81,203)

(41,026)

(877)

Non-controlling shareholders Participation

1,024

15,926

13,732

-

-

-

-

-

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY TOTAL

18,664,546

14,518,841

5,310,656

14,586,147

154,436

(4,376,834)

(1,523,517)

(43,675)

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY TOTAL

37,833,952

23,631,596

11,382,113

26,915,489

176,799

7,463,429

1,921,580

2,953,358

 

4

 

 
 

 

Marketletter 2Q16

 

 

STATEMENT OF INCOME 06/30/2016

Furnas

Chesf

Eletrosul

Eletronorte

Eletropar

Eletronuclear

CGTEE

Amazonas GT

               

 

Operational Revenues

15,421,565

10,337,899

2,238,736

5,490,068

355

1,276,714

243,839

156,856

 

 

 

 

 

 

 

 

 

Electric Energy Supply – sale to Distribution Companies

1,726,231

86,521

-

1,417,135

-

1,450,851

265,078

268,348

Electric Energy Supply - Generation

-

391,908

225,928

528,754

-

-

-

-

Short Term Electric Energy

63,431

30,608

132,351

223,567

-

-

-

-

Renewed Plants Operation and Maintenance Revenue

402,854

613,354

-

7,289

-

-

-

-

Construction Plants Revenue

(18,385)

18,878

-

-

-

-

-

-

Renewed Lines Operation and Maintenance Revenue

539,884

456,913

309,956

219,787

-

-

-

-

Operation and Maintenance Revenue

32,698

31,679

49,641

1,966

-

-

-

-

Construction Revenue - Transmission

230,189

360,929

58,825

135,743

-

-

-

-

Financial – Return on Investment T

12,796,767

8,641,319

1,540,349

3,191,931

-

-

-

-

Others Operational Revenues

17,022

28,789

12,065

98,473

355

-

2,169

-

 

 

 

 

 

 

 

 

 

Deductions to Operational Revenues

(369,126)

(322,999)

(90,379)

(334,577)

-

(174,137)

(23,408)

(111,492)

 

 

 

 

 

 

 

 

 

Operational Expenses

(2,188,470)

(1,725,752)

(571,855)

(1,810,236)

(3,648)

(4,985,892)

(341,831)

(238,013)

 

 

 

 

 

 

 

 

 

Personnel, Material and Services

(906,428)

(584,385)

(253,160)

(750,106)

(1,986)

(362,676)

(131,125)

(77,385)

Energy Purchased for Resale

(277,271)

(194,757)

(129,325)

(83,739)

-

-

(94,561)

-

Charges on eletric grid Usage

(234,832)

(318,434)

(11,607)

(247,306)

-

(43,731)

(20,669)

(5,417)

Construction

(211,804)

(379,807)

(58,825)

(135,743)

-

-

-

-

Fuel used to produce electric energy

(222,467)

(7,803)

-

(3,717)

-

(193,035)

(22,933)

103,909

Remuneration and Reimbursement (Royalties – Hydric Resources)

(70,223)

(4,839)

(6,716)

(109,092)

-

-

-

(1,500)

Depreciation and Amortization

(137,781)

(50,659)

(82,116)

(225,644)

(15)

(197,522)

(36,247)

(31,670)

Operating Provisions

31,523

(80,394)

(7,053)

(161,127)

(771)

(4,123,190)

(5,974)

(648)

Others

(159,187)

(103,674)

(23,053)

(93,762)

(876)

(65,738)

(30,322)

(225,302)

 

 

 

 

 

 

 

 

 

OPERATING RESULT BEFORE FINANCIAL RESULT

13,233,095

8,613,147

1,666,881

3,679,832

(3,293)

(3,709,178)

(97,992)

(81,157)

 

 

 

 

 

 

 

 

 

FINANCIAL REVENUES (EXPENSES)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from financial investments

54,440

36,010

22,005

62,139

4,913

883

1,844

12,418

Interest, Commission and Rates revenue (loans and financing)

31,850

-

-

-

-

-

-

-

Debt Charges

(495,773)

(71,228)

(241,027)

(313,002)

-

(44,791)

(209,225)

(123,676)

Charges – shareholders remuneration

-

-

(2,601)

-

-

-

(5,042)

-

Moratorium Increase on electric energy

8,553

46,483

-

53,608

-

-

-

-

Net Monetary Updates

(119,463)

8,234

(3,248)

61,852

-

(38,868)

2,621

(22,192)

Net Exchange Updates

87,325

-

42,002

91,478

-

(41,806)

115

-

Others Financial Revenues

54,943

57,853

48,636

23,212

-

3,278

260

6,884

Others Financial Expenses

(77,908)

(28,791)

(51,139)

(21,632)

(603)

(122,971)

(5,470)

(14,389)

Derivatives

-

-

-

121,641

-

-

-

-

 

 

 

 

 

 

 

 

 

FINANCIAL RESULT

(456,033)

48,561

(185,372)

79,296

4,310

(244,275)

(214,897)

(140,955)

 

 

 

 

 

 

 

 

 

EQUITY PARTICIPATION RESULT

37,983

33,105

(72,534)

29,122

2,983

-

-

-

 

 

 

 

 

 

 

 

 

RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION

12,815,045

8,694,813

1,408,975

3,788,250

4,212

(3,953,453)

(312,889)

(222,112)

 

 

 

 

 

 

 

 

 

Income Tax and Social Contribution and Fiscal Incentives Revenue

(4,344,718)

(2,957,481)

(501,086)

(1,106,295)

(413)

(72,249)

-

(14,230)

 

 

 

 

 

 

 

 

 

RESULT BEFORE EQUITY PARTICIPATIONS

8,470,327

5,737,332

907,889

2,681,955

3,801

(4,025,702)

(312,889)

(236,342)

 

 

 

 

 

 

 

 

 

Minority Participation

-

-

-

-

-

-

-

-

NET PROFIT OF THE PERIOD

8,470,327

5,737,332

907,889

2,681,955

3,801

(4,025,702)

(312,889)

(236,342)

 

5

 

 
 

 

Marketletter 2Q16

 

CASH FLOW 06/30/2016

Furnas

Chesf

Eletrosul

Eletronorte

Eletronuclear

CGTEE

Eletropar

Amazonas GT

Operating Activities

 

 

 

 

 

 

 

 

Profit (loss) before income tax and social contribution

12,815,045

8,694,813

1,408,975

3,788,250

(3,953,453)

(312,889)

4,212

(222,112)

Depreciation and Amortization

137,781

50,659

82,116

225,644

197,522

38,895

15

31,670

Net monetary variation

139,245

(13,954)

6,509

(61,852)

38,868

(2,621)

-

22,192

Net exchange variation

(92,640)

5,720

(42,002)

(91,478)

41,806

(115)

-

-

Financial Charges

526,688

71,228

192,775

313,002

67,985

205,029

-

123,676

Equity Result

(37,983)

(33,105)

72,534

(29,122)

-

-

(3,204)

-

Provision for uncovered liability

-

-

-

-

-

-

-

-

Provision for doubtful credit liquidation

13,807

51,864

160

21,948

-

-

-

-

Provisions for contingencies

105,420

116,369

7,904

(24,630)

18,219

4,566

-

648

Provision for staff realignment

-

-

-

-

-

-

-

-

Provision for loss with Investments

-

-

-

-

-

-

60

-

Provision for reduction on recoverable amount of Investment

-

(66,255)

-

-

2,414,479

-

712

-

Provision for onerous contracts

(134,674)

(21,584)

-

-

1,677,269

-

-

-

Provision for loss with Financial Asset

-

-

-

-

-

-

-

-

Global reversal reserve charges

90,382

-

-

-

-

-

-

-

Adjustment to Present Value / Market Value

-

-

-

-

41,330

-

-

-

Minority Participation in Result

19

-

-

-

-

-

-

-

Charges on Shareholders funds

-

-

2,601

-

-

5,042

-

-

Financial Asset Revenue

(12,796,768)

(8,641,318)

(1,540,349)

(3,191,930)

-

-

-

-

Derivatives

-

-

-

(121,641)

-

-

-

-

Others

(60,347)

(4,420)

(344,641)

66,234

284,004

1

-

(14,230)

(Increase) decrease on operating asset/liability

28,330

95,335

(13,429)

(531,431)

(635,272)

(141,911)

3,315

165,635

 

 

 

 

 

 

 

 

 

Cash from Operating Activities

734,306

305,352

(166,847)

362,993

192,757

(204,003)

5,109

107,479

 

 

 

 

 

 

 

 

 

Payment of financial charges

(417,395)

(74,207)

(116,899)

(170,611)

(87,081)

(8,107)

-

(28,393)

Payment of charges of global reversal reserve

(101,638)

-

-

-

-

-

-

-

Financial charges receivable

236

-

136

-

-

-

-

-

Remuneration from equity investments received

114,869

40,462

1,916

25,914

-

-

3,478

-

Annual allowed Revenue Receiving (Financial Asset)

127,429

(303,943)

470,430

234,620

-

-

-

-

Financial Asset Indemnities Receiving

-

-

-

-

-

-

-

-

Payment of income tax and social contribution

(203,105)

(938)

(493)

(86,445)

(53,697)

-

(412)

-

Complementary pension fund payment

(5,782)

(47,736)

-

-

-

-

-

-

Payment of lawsuit contingencies

-

(6,193)

-

(3,414)

-

-

-

-

Lawsuit Deposits

(141,004)

(140,857)

(25,986)

(14,556)

(814)

(224)

-

2,827

 

 

 

 

 

 

 

 

 

Net Cash from Operating Activities

107,916

(228,060)

162,257

348,501

51,165

(212,334)

8,176

81,913

 

 

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

 

Loans and financing obtained

875,675

119,898

748,372

417,655

611,000

-

-

-

Loans and financing payable - principal

(377,790)

(167,942)

(810,552)

(428,738)

(71,291)

(11,534)

-

-

Payment to Shareholders

-

-

(2,500)

-

-

-

(5,361)

-

Payment of refinancing of taxes and contributions - Principal

(52,468)

-

-

-

-

-

-

-

Global Reversion Reserve Replacement

-

-

-

-

-

-

-

-

Receiving of advance for future capital increase (AFAC)

-

-

6

-

-

241,824

-

-

Others

(35,410)

(47,478)

(3,309)

-

-

-

127

-

Net Cash from Financing Activities

410,007

(95,522)

(67,983)

(11,083)

539,709

230,290

(5,234)

-

 

 

 

 

 

 

 

 

 

Investment Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing and Loans Concessions

-

-

-

-

-

-

-

-

Receiving of Loans and Financing Ceded

14,134

-

-

-

-

-

-

-

Acquisition of property, unit and equipment

(39,598)

(158,718)

(75,965)

(37,415)

(620,791)

(4,587)

-

(79,593)

Acquisition of intangible assets

(3,532)

(2,286)

(2,106)

(1,732)

(1,329)

(1,091)

-

-

Acquisition of concession assets

(211,803)

-

(55,821)

(145,115)

-

-

-

-

Concession for advance of future capital increase

-

-

(150,473)

(72,039)

-

-

-

-

Acquisition/Contribution of capital in equity participation

(603,305)

(223,189)

(58,000)

(689,111)

-

-

(5,793)

-

Concession for Future Capital Increase

-

-

-

-

-

-

-

-

Others

333,258

482,708

240,739

555,895

26,148

-

-

-

 

 

 

 

 

 

 

 

 

Net Cash from investments activities

(510,846)

98,515

(101,626)

(389,517)

(595,972)

(5,678)

(5,793)

(79,593)

 

 

 

 

 

 

 

 

 

Increase (decrease) in cash and cash equivalents

7,077

(225,067)

(7,352)

(52,099)

(5,098)

12,278

(2,851)

2,320

Cash and cash equivalent – beginning of period

12,099

373,867

33,490

70,633

6,884

5,190

5,388

38,170

Cash and cash equivalent – end of period

19,176

148,800

26,138

18,534

1,786

17,468

2,537

40,490

 

7,077

(225,067)

(7,352)

(52,099)

(5,098)

12,278

(2,851)

2,320

 

6

 

 
 

 

Marketletter 2Q16

 

ASSETS 06/30/2015

Furnas

Chesf

Eletrosul

Eletronorte

Eletropar

Eletronuclear

CGTEE

CURRENT

 

 

 

 

 

 

 

Cash and Cash Equivalent

9,159

388,020

504

321,111

3,164

11,058

3,931

Clients (Consumers and Resellers)

548,163

401,543

166,958

954,093

-

216,008

24,922

Financing and Loans

2,774

3,250

1,433

-

-

-

-

Marketable Securities

1,483,984

798,278

151,862

1,359,141

54,796

116,684

-

Dividends to Receive (Equity Participation Remuneration)

80,139

10,504

5,521

-

552

-

-

Deferred Fiscal Asset (tax and contribution)

32,575

30,891

20,796

198,017

3,178

18,185

7,154

Income tax and Social Contribution

216,969

154,452

38,504

-

-

2,887

-

Derivatives

-

-

-

80,740

-

-

-

Reimbursement Right

139,167

-

-

133,179

-

-

66,301

Linked Deposit

-

10,982

3,084

-

-

-

-

Stored Material

32,947

83,865

35,559

90,574

-

66,456

25,437

Amounts to Receive Law 12,783/2013

779,192

1,152,471

268,785

233,862

-

-

-

Nuclear Fuel Storage

-

-

-

-

-

340,319

-

Financial Asset

-

77,517

49,808

395,498

-

-

-

Regulatory Asset (Installment A - CVA)

-

-

-

-

-

-

-

Others

269,127

484,747

270,144

219,424

-

66,477

4,512

CURRENT TOTAL

3,594,196

3,596,520

1,012,958

3,985,639

61,690

838,074

132,257

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

LONG-TERM ASSET

 

 

 

 

 

 

 

Fuel Consumption Account – CCC (Parent Company)

-

-

-

-

-

-

-

Clients (Consumers and Resellers)

453,283

6,406

567,634

17,977

-

-

-

Financing and Loans - principal

1,970

2,387

3,469

-

-

-

-

Marketable Securities

-

2,886

179

229

-

-

-

Deferred Fiscal Asset (tax and contribution)

-

169,878

3,076

16,761

2,741

-

27,834

Income tax and Social Contribution

-

-

-

923,777

-

-

-

Derivatives

-

-

-

82,877

-

-

-

Reimbursement Right

-

-

-

-

-

-

-

Linked Deposit

507,020

663,523

165,896

398,001

51

67,779

5,722

Amounts to Receive Law 12,783/2013

-

-

-

-

-

-

-

Financial Asset

6,511,378

3,590,766

1,681,016

5,257,652

-

614,887

-

Financial Asset –Indemnitiable Concessions (Generation)

1,271,940

665,179

-

-

-

-

-

Advance for equity participation

15,577

718,720

652,100

29,498

-

-

-

Regulatory Asset (Installment A - CVA)

-

-

-

-

-

-

-

Others

372,837

191,598

261,367

1,391,542

-

417,598

167,233

LONG-TERM ASSET TOTAL

9,134,005

6,011,343

3,334,737

8,118,314

2,792

1,100,264

200,789

 

 

 

 

 

 

 

 

INVESTIMENTS

5,542,549

4,274,809

2,407,486

3,258,363

115,530

-

-

 

 

 

 

 

 

 

 

FIXED ASSET

5,884,350

1,427,023

3,239,168

7,340,289

47

10,943,917

1,544,799

 

 

 

 

 

 

 

 

INTANGIBLE

107,198

56,438

217,837

102,366

32

52,455

2,046

 

 

 

 

 

 

 

 

NON-CURRENT TOTAL

20,668,102

11,769,613

9,199,228

18,819,332

118,401

12,096,636

1,747,634

 

 

 

 

 

 

 

 

ASSET TOTAL

24,262,298

15,366,133

10,212,186

22,804,971

180,091

12,934,710

1,879,891

 

7

 

 
 

 

Marketletter 2Q16

 

 

LIABILITIES 06/30/2015

Furnas

Chesf

Eletrosul

Eletronorte

Eletropar

Eletronuclear

CGTEE

CURRENT

 

 

 

 

 

 

 

Compulsory Loan (Parent Company)

-

-

-

-

-

-

-

Fuel Consumption Account - CCC (Parent Company)

-

-

-

-

-

-

-

Suppliers

404,405

346,504

326,102

944,263

1,028

360,756

158,703

Loans and Financing - principal

602,667

284,615

279,020

543,449

-

1,123,500

232,471

Loans and Financing - charges

143,268

16,268

6,798

18,779

-

15,307

1,260

Bonds

-

-

269,662

14,109

-

-

-

Taxes and Social Contribution

254,181

84,768

59,944

60,530

33

45,984

18,693

Income Tax and Social Contributions

136,946

166,159

195

8

266

-

-

Derivatives

-

-

-

671

-

-

-

Reimbursement Obligations

-

-

-

-

-

-

-

Advance to clients (Early Energy Sale)

-

-

-

54,832

-

-

-

Shareholders Remuneration (dividends to pay)

-

-

36,541

1,934,900

-

-

70,083

Estimated Obligations

165,627

201,392

88,353

223,414

79

246,371

10,474

Provisions for Contingencies

-

-

-

-

-

-

37,075

Post Employment Benefit (Complementary Pension Fund)

45,629

24,378

1,896

-

-

7,581

-

Leasing

-

-

-

-

-

-

-

Onerous Contracts

-

-

-

1,687

-

-

-

Concessions to Pay - UBP

884

-

2,197

-

-

-

-

Sector Charges (statutory taxes)

141,893

123,635

46,354

327,863

-

13,592

1,875

Regulatory Asset (Installment A - CVA)

-

-

-

-

-

-

-

Others

79,318

182,060

123,155

429,791

-

117,020

23,705

CURRENT TOTAL

1,974,818

1,429,779

1,240,217

4,554,296

1,406

1,930,111

554,339

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

National Treasury Credits (Parent Company)

-

-

-

-

-

-

-

Compulsory Loan (Parent Company)

-

-

-

-

-

-

-

Fuel Consumption Account (Parent Company)

-

-

-

-

-

-

-

Reversion Global Reserve - RGR (Parent Company)

-

-

-

-

-

-

-

Suppliers

-

-

-

412,715

-

-

21,284

Loans and Financing - principal

9,009,126

815,643

3,098,352

4,109,651

-

4,460,734

2,038,517

Bonds

-

-

-

204,956

-

-

-

Taxes and Social Contribution

638,339

13,572

43,378

-

-

-

-

Income Tax and Social Contributions

-

57,381

92,884

-

15,039

-

-

Derivatives

-

-

-

59,528

-

-

-

Reimbursement Obligations

-

-

-

-

-

-

-

Advance to clients (Early Energy Sale)

-

-

-

688,437

-

-

-

Estimated Obligations

61,653

78,132

11,447

16,079

-

67,306

1,611

Provisions for Contingencies

768,134

1,648,593

85,361

617,962

-

165,693

-

Provision for uncovered liabilities on invested companies

-

-

114,343

-

-

-

-

Post Employment Benefit (Complementary Pension Fund)

242,550

974,984

162,475

44,801

-

58,931

3,511

Leasing

-

-

-

-

-

-

-

Provision for Onerous Contracts

830,061

99,199

-

45,542

-

-

-

Concessions to Pay - UBP

36,410

-

25,036

-

-

-

-

Sector Charges (statutory taxes)

107,940

277,009

-

-

-

-

-

Obligations for asset demobilization (Nuclear Power Plant Demobilization)

-

-

-

-

-

1,357,738

-

Advance for future Capital Increase

40,823

-

66,909

-

-

-

105,580

Regulatory Liability (Installment A - CVA)

-

-

-

-

-

-

-

Others

1

5,891

15,445

308,995

-

112,316

-

NON-CURRENT TOTAL

11,735,037

3,970,404

3,715,630

6,508,666

15,039

6,222,718

2,170,503

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

Social Capital

6,531,154

9,753,953

4,295,250

11,576,263

118,054

6,607,258

845,510

Capital Reserves

5,123,332

4,916,199

-

-

-

-

-

Profit Reserves

-

-

1,074,209

332,962

215

-

2,596

Additional Dividend Purposed

-

-

-

-

-

-

-

Profit/Losses accumulated

206,376

(3,277,000)

(237,171)

108,991

2,205

(1,773,150)

(1,661,240)

Others Comprehensive Income

(1,308,419)

(1,427,269)

(126,391)

(39,607)

43,171

(52,227)

(31,817)

Non-controlling shareholders remuneration

-

67

13,842

-

-

-

-

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY TOTAL

10,552,443

9,965,950

5,019,739

11,978,609

163,645

4,781,881

(844,951)

 

 

 

 

 

 

 

 

LIABILITY AND SHAREHOLDERS’ EQUITY TOTAL

24,262,298

15,366,133

9,975,586

23,041,571

180,090

12,934,710

1,879,891

 

8

 

 
 

 

Marketletter 2Q16

 

 

STATEMENT OF INCOME 06/30/2015

Furnas

Chesf

Eletrosul

Eletronorte

Eletropar

Eletronuclear

CGTEE

 

 

 

 

 

 

 

 

Operational Revenue

3,066,296

1,823,942

767,788

2,987,803

-

971,603

174,964

 

 

 

 

 

 

 

 

Electric Energy – sale to Distribution Companies

1,966,084

68,167

-

1,945,809

-

1,103,828

191,234

Electric Energy - sale to final Consumers

7,476

449,192

181,750

601,604

-

-

-

Short Term Electric Energy

258,128

263,375

172,361

20,696

-

-

-

Renewed Plants Operation and Maintenence Revenue

283,087

625,156

-

8,512

-

-

-

Construction Plants Revenue

81,651

19,009

-

-

-

-

-

 

 

 

 

 

 

 

 

Financial Effect Itaipu (Parent Company)

-

-

-

-

-

-

-

Renewed Lines Operation and Maintenence Revenue

-

407,968

267,670

237,369

-

-

-

Operation and Maintenence Revenue T

501,173

28,756

50,634

2,860

-

-

-

Construction Revenue - Transmission

189,786

286,821

48,156

126,675

-

-

-

Financial – Return on Investment T

116,712

16,921

111,394

163,801

-

-

-

Others Operational Revenue

39,043

11,172

23,505

274,511

-

-

1,702

 

 

 

 

 

 

 

 

Deductions to Operational Revenue

(376,844)

(352,595)

(87,682)

(394,034)

-

(132,225)

(17,972)

 

 

 

 

 

 

 

 

Operational Expenses

(2,479,775)

(1,782,219)

(705,091)

(2,524,776)

(2,110)

(857,903)

(303,850)

 

 

 

 

 

 

 

 

Personnel, Materials and Services

(715,855)

(536,986)

(220,138)

(664,831)

(1,676)

(438,779)

(124,744)

Electric Energy Purchased for Resale

(513,365)

(153,513)

(105,628)

(937,805)

-

-

(96,115)

Charges on Electric Energy usage grid

(226,487)

(351,894)

(7,678)

(262,122)

-

(38,146)

(18,065)

Construction

(271,437)

(305,830)

(48,156)

(126,675)

-

-

-

Fuel used to produce electric energy

(251,905)

(136,410)

-

(67,911)

-

(161,115)

(5,349)

Remuneration and Reimbursement (Royalties – Hydric Resources Usage)

(46,468)

(5,504)

(6,339)

(144,357)

-

-

-

Depreciation and Amortization

(113,923)

(54,281)

(59,281)

(221,125)

(10)

(183,270)

(39,885)

Operational Provisions

(250,415)

(180,462)

2,561

(63,270)

33

(31,588)

(5,828)

Others

(89,920)

(57,339)

(260,432)

(36,680)

(457)

(5,005)

(13,864)

 

 

 

 

 

 

 

 

OPERATING RESULT BEFORE FINANCIAL RESULT

586,521

41,723

62,697

463,027

(2,110)

113,700

(128,886)

 

 

 

 

 

 

 

 

FINANCIAL (EXPENSES) REVENUES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from Financial Investments

53,848

68,153

15,699

71,363

3,306

657

114

Interest, Commission and Rates revenue (loans and financing)

29,185

-

-

-

-

-

-

Debt Charges

(421,844)

(67,118)

(165,035)

(268,134)

-

(25,611)

(152,373)

Charges – remuneration to shareholders

-

-

(2,046)

-

-

-

(3,888)

Moratorium Increase on electric energy

3,207

37,295

-

31,887

-

-

-

Net Monetary Update

(139,805)

11,504

(61,889)

(192,922)

-

(10,013)

-

Net Exchange Update

(7,230)

-

-

-

-

(52,040)

(225)

Others Financial Revenue

118,991

39,627

41,173

66,906

-

62,626

371

Other Financial Expenses

(63,770)

(18,745)

(5,050)

(117,581)

(29)

(51,364)

(7,012)

Indemnities Remuneration – Law 12,783/13

286,582

404,318

95,461

78,728

-

-

-

 

 

 

 

 

 

 

 

FINANCIAL RESULT

(140,836)

475,034

(81,687)

(329,753)

3,277

(75,745)

(163,013)

 

 

 

 

 

 

 

 

EQUITY PARTICIPATIONS RESULT

(106,950)

2,874

(142,849)

57,440

1,303

-

-

 

 

 

 

 

 

 

 

RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION

338,735

519,631

(161,839)

190,714

2,470

37,955

(291,899)

 

 

 

 

 

 

 

 

Income Tax and Social Contribution and Fiscal Incentives Revenue

(132,359)

(19,862)

(73,537)

(81,723)

(266)

(51,976)

-

 

 

 

 

 

 

 

 

RESULT BEFORE EQUITY PARTICIPATIONS

206,376

499,769

(235,376)

108,991

2,204

(14,021)

(291,899)

 

 

 

 

 

 

 

 

Minority Participations

-

-

-

-

-

-

-

NET PROFIT OF THE PERIOD

206,376

499,769

(235,376)

108,991

2,204

(14,021)

(291,899)

 

9

 

 
 

 

Marketletter 2Q16

 

CASH FLOW 06/30/2015

Furnas

Chesf

Eletrosul

Eletronorte

Eletronuclear

CGTEE

Eletropar

Amazonas GT

Operating Activities

 

 

 

 

 

 

 

 

Profit (loss) before income tax and social contribution

338,735

519,680

74,761

272,992

37,955

(291,899)

2,470

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

113,923

54,281

59,281

221,125

183,270

41,404

10

 

Monetary net variation

-

-

-

(25,114)

10,012

-

-

 

Exchange net variation

185,696

(415,568)

(28,819)

104,820

52,041

225

-

 

Financing charges

398,960

67,118

124,192

268,134

25,611

135,239

-

 

Equity Method Result

106,950

(2,874)

142,849

(57,440)

-

-

(1,303)

 

Provision for uncovered liability

-

-

-

-

-

-

-

 

Provision for doubtful credit liquidation

13,613

34,752

149

2,865

-

-

-

 

Provisions for contingencies

258,843

171,321

(2,712)

36,388

10,146

4,993

-

 

Provision for staff realignment

-

-

-

-

-

-

-

 

Provision for investment loss

-

-

-

-

-

-

-

 

Provision for reduction on recoverable amount of Investment

-

(61,215)

-

-

-

-

-

 

Provision for onerous contracts

(139,874)

(15,525)

-

-

-

-

-

 

Provision for loss with Financial Asset

-

-

-

-

-

-

-

 

Global reversal reserve charges

98,577

-

-

-

-

-

-

 

Adjustment to Present Value / Market Amount

-

-

(642)

-

43,258

-

-

 

Minority Participation in Result

-

-

-

-

-

-

-

 

Charges on Shareholders funds

-

-

2,046

-

-

3,888

-

 

Financial Asset Revenue

(116,712)

(16,921)

(111,394)

(163,801)

-

-

-

 

Derivatives

-

-

-

84,290

-

-

-

 

Others

(293,467)

70,848

(298,972)

(209,225)

110,447

6

(266)

 

(Increase) decrease on operating asset/liability

270,368

(251,571)

244,107

577,708

(219,331)

(72,835)

(13,192)

 

 

 

 

 

 

 

 

 

 

Cash from Operating Activities

1,235,612

154,326

204,846

1,112,742

253,409

(178,979)

(12,281)

 

 

 

 

 

 

 

 

 

 

Payment of financial charges

(419,657)

(67,595)

(107,865)

(161,609)

(63,687)

(18,802)

-

 

Payment of charges of global reversal reserve

(120,532)

-

-

-

-

-

-

 

Financial charges receivable

232

-

212

-

-

-

-

 

Remuneration from equity investments received

46,884

22,431

8

12,712

-

-

933

 

Annual allowed Revenue Receiving (Financial Asset)

134,320

(260,659)

466,110

155,165

-

-

-

 

Financial Asset Indemnities Receiving

851,866

857,557

247,406

212,245

-

-

-

 

Payment of income tax and social contribution

(17,388)

(123,467)

(25,156)

(28,358)

(38,146)

-

-

 

Complementary pension fund payment

-

(52,032)

-

-

-

-

-

 

Payment of lawsuit contingencies

-

(5,644)

-

(1,708)

-

-

-

 

Lawsuit Deposits

(12,658)

(1,203)

(5,615)

(7,840)

(6,563)

931

-

 

 

 

 

 

 

 

 

 

 

Net Cash from Operating Activities

1,698,679

523,714

779,946

1,293,349

145,013

(196,850)

(11,348)

 

 

 

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

 

Loans and financing obtained

21

-

-

276,034

345,000

177,956

-

 

Loans and financing payment - principal

(196,297)

(91,601)

(104,528)

(345,477)

(28,325)

(74,169)

-

 

Payment to Shareholders

-

-

(2,743)

-

-

-

-

 

Global Reversal Reserve Replacement

-

-

-

-

-

-

-

 

Receiving of advance for future capital increase (AFAC)

-

(128,705)

24

-

-

85,274

-

 

Payment of Refinancing of taxes and contribution - principal

(33,811)

-

(9,317)

-

-

-

-

 

Others

-

18

(3,334)

-

-

-

-

 

Net Cash from Financing Activities

(230,087)

(220,288)

(119,898)

(69,443)

316,675

189,061

-

 

 

 

 

 

 

 

 

 

 

Investment Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing and Loans Concessions

-

-

-

-

-

-

-

 

Receiving of Loans and Financing Ceded

-

-

-

-

-

-

-

 

Acquisition of fixed assets

(69,182)

(153,304)

(550,206)

(7,143)

(437,736)

(13,966)

-

 

Acquisition of intangible assets

(5,563)

(4,697)

(1,170)

-

418

(31)

(17)

 

Acquisition of concession assets

(271,438)

-

(48,156)

(771,840)

-

-

-

 

Concession for advance of future capital increase

-

-

(171,928)

-

-

-

-

 

Acquisition/Contribution of capital in equity participation

(352,556)

(303,023)

(125,483)

(616,203)

-

-

-

 

Others

(762,386)

(112,445)

210,439

148,367

(31,673)

-

-

 

 

 

 

 

 

 

 

 

 

Net Cash from investments activities

(1,461,125)

(573,469)

(686,504)

(1,246,819)

(468,991)

(13,997)

(17)

 

 

 

 

 

 

 

 

 

 

Increase (decrease) in cash and cash equivalents

7,467

(270,043)

(26,456)

(22,913)

(7,303)

(21,786)

(11,365)

 

Cash and cash equivalent – beginning of period

1,692

658,063

26,960

344,024

18,361

25,717

14,529

 

Cash and cash equivalent – end of period

9,159

388,020

504

321,111

11,058

3,931

3,164

 

 

7,467

(270,043)

(26,456)

(22,913)

(7,303)

(21,786)

(11,365)

 

10

 

 
 

 

Marketletter 2Q16

 

IV.2 Financial Statements of the Distribution companies.

 

 

ASSET 06/30/2016

ED Alagoas

ED Rondonia

ED Piaui

ED Acre

CELG -D

ED Roraima

Amazonas D

 

 

 

 

 

 

 

 

CURRENT

 

 

 

 

 

 

 

Cash and Cash Equivalents

20,215

20,140

3,685

7,814

-

6,517

33,605

Clients (Consumers and Resellers)

320,158

241,579

341,757

95,031

-

39,608

629,394

Financing and Loans

-

-

-

-

-

-

-

Marketable Securities

14,669

165,401

147

-

-

-

12,465

Dividends to Receive (Equity Participations Remuneration)

-

-

-

-

-

-

-

Deferred Fiscal Asset (Taxes and Contributions)

10,707

17,845

21,103

6,892

-

5,011

2,144

Income Tax and Social Contribution

-

-

-

882

-

-

-

Derivatives

-

-

-

-

-

-

-

Reimbursement Rights

44,988

164,646

92,564

135,308

-

76,820

875,033

Linked Deposits

-

-

-

475

-

-

-

Stored Material

7,445

14,272

13,347

1,434

-

2,859

103,411

Amounts to Receive 12,783/13 Law

-

-

-

-

-

-

-

Regulatory Asset (Installment A - CVA)

106,870

127,618

69,466

57,278

-

1,517

73,831

Financial Asset

-

-

-

-

-

-

-

Others

42,880

75,483

47,796

32,073

4,333,424

6,860

640,534

CURRENT TOTAL

567,932

826,984

589,865

337,187

4,333,424

139,192

2,370,417

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM ASSET

 

 

 

 

 

 

 

Dividends to Receive (Equity Participations Remuneration)

-

-

-

-

-

-

-

Clients (Consumers and Resellers)

207,731

18,083

216,671

27,301

-

9,693

66,557

Financing and Loans - principal

-

-

-

-

-

-

-

Marketable Securities

-

-

-

-

-

-

-

Deferred Fiscal Asset (Taxes and Contributions)

4,623

7,162

5,580

1,720

-

8,248

2,450,287

Income Tax and Social Contribution

-

-

-

-

-

-

-

Derivatives

-

-

-

-

-

-

-

Reimbursement Rights

-

3,379,492

-

243,373

-

204,050

6,487,937

Linked Deposits

45,631

116,732

15,691

7,356

-

19,483

344,732

Amounts to Receive - Law 12,783/13

-

-

-

-

-

-

-

Financial Asset

-

-

-

-

-

-

-

Financial Asset – Indemnitiable Concession (Distribution)

796,841

1,050,359

725,662

343,398

-

193,157

1,410,427

Advance for Equity Participations

-

-

-

-

-

-

-

Regulatory Asset (Installment A - CVA)

51,583

-

-

-

-

-

-

Others

564

2,447

1,325

-

-

2,180

637,355

LONG-TERM ASSET TOTAL

1,106,973

4,574,275

964,929

623,148

-

436,811

11,397,295

 

 

 

 

 

 

 

 

INVESTIMENTS

168

1,806

146

-

-

-

12,929

 

 

 

 

 

 

 

 

FIXED ASSET

30,144

28,014

32,395

8,983

-

19,741

1,244,597

 

 

 

 

 

 

 

 

INTANGIBLE

35,763

39,908

11,695

33,329

-

6,046

167,774

 

 

 

 

 

 

 

 

NON-CURRENT ASSET TOTAL

1,173,048

4,644,003

1,009,165

665,460

-

462,598

12,822,595

 

 

 

 

 

 

 

 

ASSET TOTAL

1,740,980

5,470,987

1,599,030

1,002,647

4,333,424

601,790

15,193,012

 

11

 

 
 

 

Marketletter 2Q16

 

LIABILITIES 06/30/2016

ED Alagoas

ED Rondonia

ED Piaui

ED Acre

CELG -D

ED Roraima

Amazonas

 

 

 

 

 

 

 

 

CURRENT

 

 

 

 

 

 

 

Suppliers

255,207

1,253,342

393,649

303,161

-

611,964

7,113,078

Financig and Loans - principal

350,369

152,548

647,118

111,384

-

18,142

231,762

Financig and Loans - charges

-

-

49,607

1,803

-

-

2,235

Bonds

-

-

-

-

-

-

-

Taxes and Social Contributions

79,388

67,925

203,423

45,700

-

14,334

83,487

Income Tax and Social Contribution

269

-

-

-

-

-

573

Derivatives

-

-

-

-

-

-

-

Reimbursement Obligations

62,229

205,741

-

6,630

-

-

-

Advance to clients (Early Sell of Energy)

-

-

-

-

-

-

-

Shareholders Remuneration (dividends to pay)

-

-

-

-

-

-

-

Estimated Obligations

19,432

19,002

39,852

5,758

-

19,989

52,930

Provisions for Contingencies

-

-

-

-

-

-

-

Post-Employment Benefit (Complementary Pension Fund)

2,781

790

39,209

-

-

-

-

Leasing

-

-

-

-

-

-

135,914

Onerous Contracts

-

-

-

-

-

-

-

Sector Charges (Statutory Taxes)

22,373

26,137

26,743

36,755

-

-

-

Regulatory Asset (Installment A – CVA)

47,149

90,077

50,673

23,965

-

-

46,389

Others

23,161

41,881

64,319

24,366

5,033,654

17,594

116,165

CURRENT TOTAL

862,358

1,857,443

1,514,593

559,522

5,033,654

682,023

7,782,533

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

Suppliers

-

1,099,575

-

249,971

-

141,310

7,861,211

Financig and Loans - principal

901,763

615,429

691,852

193,764

-

40,788

1,161,931

Bonds

-

-

-

-

-

-

-

Taxes and Contributions

91,513

4,209

201,269

76,327

-

-

-

Income Tax and Social Contribution

-

-

-

-

-

-

-

Derivatives

-

-

-

-

-

-

-

Reimbursement Obligations

-

149,649

-

143,850

-

57,059

2,216,969

Advance to clients (Early Sell of Energy)

-

-

-

-

-

-

-

Estimated Obligations

1,934

-

2,067

20

-

206

644

Provisions for Contingencies

106,510

150,453

79,418

11,425

-

46,705

537,487

Provision for uncovered liabilities on invested comapnies

-

-

-

-

-

-

43,675

Post-Employment Benefit (Complementary Pension Fund)

30,571

-

7,103

-

-

437

277

Leasing

-

-

-

-

-

-

1,075,986

Provision for Onerous Contracts

-

-

-

-

-

-

-

Concessions to Pay - UBP

-

-

-

-

-

-

-

Sector Charges (Statutory Taxes)

27,161

44,575

43,798

-

-

-

-

Advance for future capital Increase

-

-

-

12,787

-

-

-

Regulatory Liability (Installment A – CVA)

33,733

-

-

-

-

-

-

Others

32,918

2,135,849

502

197

-

119,933

180,799

NON-CURRENT TOTAL

1,226,103

4,199,739

1,026,009

688,341

-

406,438

13,078,979

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

Social Capital

734,754

1,325,369

1,272,747

475,789

3,475,679

684,204

4,610,171

Capital Reserves

-

-

-

-

-

-

-

Profit Reserves

-

-

-

-

-

-

-

Additional Dividend Purposes

-

-

-

-

-

-

-

Accumulated Profit/Losses

(1,039,427)

(1,911,777)

(2,206,953)

(720,765)

(4,597,498)

(1,169,569)

(10,276,250)

Other Comprehensive Income

(42,808)

213

(7,366)

(240)

421,589

(1,306)

(2,421)

Non-controlling Shareholders participation

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY TOTAL

(347,481)

(586,195)

(941,572)

(245,216)

(700,230)

(486,671)

(5,668,500)

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY TOTAL

1,740,980

5,470,987

1,599,030

1,002,647

4,333,424

601,790

15,193,012

 

12

 

 
 

 

Marketletter 2Q16

 

STATEMENT OF INCOME 06/30/2016

ED Alagoas

ED Rondonia

ED Piaui

ED Acre

CELG -D

ED Roraima

Amazonas D

 

 

 

 

 

 

 

 

Operational Revenue

707,706

855,985

610,224

228,134

-

131,930

1,370,325

 

 

 

 

 

 

 

 

Electric Energy – sale to Distribution Companies

-

-

-

-

-

15,242

-

Electric Energy - sale to final Consumers

-

-

-

-

-

-

227,580

Short Term electric Energy

-

-

-

-

-

-

169,927

Renewed Plants Operation and Maintenence Revenue

-

-

-

-

-

-

-

Construction Revenue of Plants

-

-

-

-

-

-

4,304

Electric Energy Supply - Distribution

971,057

870,555

829,429

287,141

-

139,561

1,243,748

Construction Revenue - Distribution

65,772

106,203

50,723

31,816

-

10,108

107,508

CVA and Others Financial Items

(44,743)

222,607

22,307

17,237

-

(36)

(56,944)

Other Operational Revenues

95,142

43,859

80,990

11,731

-

4,287

146,244

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deductions to Operational Revenues

(379,522)

(387,239)

(373,225)

(119,791)

-

(37,232)

(472,042)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operational Expenses

(737,010)

(840,134)

(741,737)

(284,591)

-

(252,744)

(1,811,621)

 

 

 

 

 

 

 

 

Personnel, Material and Services

(113,090)

(123,966)

(143,871)

(45,185)

-

(43,261)

(281,598)

Electric Energy puchased for resale

(431,470)

(525,684)

(428,822)

(122,916)

-

(92,791)

(867,702)

Charges on Eletric Energy Grid Usage

(41,571)

(8,863)

(52,709)

(2,525)

-

-

(42,890)

Construction

(65,772)

(106,203)

(50,723)

(31,816)

-

(10,108)

(111,812)

Fuel used for electric energy production

-

-

-

(31,424)

-

(68,388)

69,303

Remuneration and Reimbursement (Royalties)

-

-

-

-

-

-

-

Depreciation and Amortization

(18,232)

(19,170)

(19,126)

(8,424)

-

(5,439)

(50,901)

Operating Provisions

(3,990)

(18,749)

99,904

(4,595)

-

(31,028)

(334,080)

Others

(62,885)

(37,499)

(146,390)

(37,706)

-

(1,729)

(191,941)

 

 

 

 

 

 

 

 

OPERATING RESULT BEFORE FINANCIAL RESULT

(29,304)

15,851

(131,513)

(56,457)

-

(120,814)

(441,296)

 

 

 

 

 

 

 

 

FINANCIAL REVENUES (EXPENSES)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Investment Revenues

2,379

3,295

13

329

-

236

2,576

Interest, Commission and Rates revenue (loans and financing)

-

-

-

-

-

-

-

Debt Charges

(96,992)

(326,860)

(97,190)

(20,575)

-

(4,571)

(1,087,170)

Charges - Leasing

-

-

-

-

-

-

(152,762)

Charges – Shareholders Remuneration

-

-

-

-

-

-

-

Moratorium Increase on electric energy

21,172

22,813

36,761

11,490

-

(23,597)

47,797

Net Monetary Update

(3,715)

223,701

(38,003)

(44,766)

-

(7,692)

599,061

Net Exchange Update

330

-

-

-

-

-

-

Regulatory Asset and Liability Update (Installment A - CVA) - Net

11,559

(2,994)

4,954

-

-

98

(5,564)

Other financial revenue

(520)

(38,541)

(30)

3

-

7,310

22,420

Other financial expense

(13,041)

(27,147)

(15,414)

(5,557)

-

-

(52,744)

 

 

 

 

 

 

 

 

FINANCIAL RESULT

(78,828)

(145,733)

(108,909)

(59,076)

-

(28,216)

(626,386)

 

 

 

 

 

 

 

 

EQUITY PARTICIPATIONS RESULT

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION

(108,132)

(129,882)

(240,422)

(115,533)

-

(149,030)

(1,067,682)

 

 

 

 

 

 

 

 

Income Tax and Social Contribution and Fiscal Incentives Revenue

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

RESULT BEFORE EQUITY PARTICIPATIONS

(108,132)

(129,882)

(240,422)

(115,533)

-

(149,030)

(1,067,682)

 

 

 

 

 

 

 

 

NET PROFIT OF THE PERIOD

(108,132)

(129,882)

(240,422)

(115,533)

-

(149,030)

(1,067,682)

 

13

 

 
 

 

Marketletter 2Q16

 

CASH FLOW 06/30/2016

ED Alagoas

ED Rondônia

ED Piauí

ED Roraima

CELG-D

ED Acre

Amazonas Energia

 

 

 

 

 

 

 

 

Operating Activities

 

 

 

 

 

 

 

Profit (loss) before income tax and social contribution

(108,132)

(129,882)

(240,422)

(149,030)

 

(115,533)

(1,304,901)

 

 

 

 

 

 

 

 

Depreciation and amortization

18,232

19,170

19,126

5,439

 

8,424

50,901

Net monetary variation

3,715

14,956

1,393

-

 

(44,766)

(2,428)

Net exchange variation

(330)

-

-

-

 

-

-

Financing charges

96,992

53,987

94,587

4,571

 

20,575

258,658

Equity Method Result

-

-

-

-

 

-

193,544

Provision for uncovered liability

-

-

-

-

 

-

43,675

Provision for doubtful credit liquidation

(13,445)

12,267

29,915

32,380

 

4,138

127,392

Provisions for contingencies

10,517

6,482

9,541

(1,352)

 

457

195,659

Provision for staff realignment

-

-

-

-

 

-

-

Provision for loss with Investments

-

-

-

-

 

-

-

Provision for reduction on recoverable amount of Investment

-

-

(18,907)

-

 

-

-

Provision for onerous contracts

-

-

-

-

 

-

-

Provision for loss with Financial Asset

-

-

-

-

 

-

-

Global reversal reserve charges

-

-

-

-

 

-

-

Adjustment to Present Value / Market Value

(89)

-

-

-

 

-

-

Minority Participation in Result

-

-

-

-

 

-

-

Charges on Shareholders funds

-

-

-

-

 

-

-

Financial Asset Revenue

-

-

-

-

 

-

-

Derivatives

-

-

-

-

 

-

-

Others

423,124

21,893

-

663

 

23

785,185

(Increase) decrease on operating asset/liability

(359,975)

196,872

156,254

125,196

 

152,912

(142,280)

 

 

 

 

 

 

 

 

Cash from Operating Activities

70,609

195,745

51,487

17,867

 

26,230

205,405

 

 

 

 

 

 

 

 

Payment of financial charges

(1,053)

(15,921)

-

(2,016)

 

(2,774)

(26,599)

Payment of charges of global reversal reserve

-

-

-

-

 

-

-

Financial charges receivable

-

-

-

-

 

-

-

Remuneration from equity investments received

-

-

-

-

 

-

-

Annual allowed Revenue Receiving (Financial Asset)

-

-

-

-

 

-

-

Financial Asset Indemnities Receiving

-

-

-

-

 

-

-

Payment of income tax and social contribution

-

-

-

-

 

-

-

Complementary pension fund payment

-

-

-

-

 

-

-

Payment of lawsuit contingencies

-

-

(8,598)

-

 

-

-

Lawsuit Deposits

-

(33,235)

-

-

 

-

(48,447)

 

 

 

 

 

 

 

 

Net Cash from Operating Activities

69,556

146,589

42,889

15,851

 

23,456

130,359

 

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

 

Loans and financing obtained

3,794

16,109

-

5,968

 

7,505

-

Loans and financing payable - principal

(22,481)

(24,418)

-

(3,295)

 

-

(30,441)

Payment to Shareholders

-

-

-

-

 

-

-

Global Reversal Reserve Replacement

-

-

-

-

 

-

-

Receiving of advance for future capital increase (AFAC)

-

-

-

-

 

-

-

Payment of refinancing of taxes and contributions – Principal

(5,891)

-

-

-

 

-

-

Others

-

-

(254)

-

 

-

3,257

Net Cash from Financing Activities

(24,578)

(8,309)

(254)

2,673

 

7,505

(27,184)

 

 

 

 

 

 

 

 

Investment Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing and Loans Concessions

-

-

-

-

 

-

-

Receiving of Loans and Financing Ceded

-

-

-

-

 

-

-

Acquisition of property, unit and equipment

(556)

(2,881)

(1,339)

(4,447)

 

(248)

(14,028)

Acquisition of intangible assets

(2,703)

(4,220)

(1,771)

(1,573)

 

(1,092)

(110)

Acquisition of concession assets

(45,608)

(136,439)

(45,049)

(9,673)

 

(30,710)

(123,683)

Concession for advance of future capital increase

-

-

-

-

 

-

-

Acquisition/Contribution of capital in equity participation

-

-

-

-

 

-

-

Others

1,303

-

-

-

 

(9,598)

-

 

 

 

 

 

 

 

 

Net Cash from investments activities

(47,564)

(143,540)

(48,159)

(15,693)

 

(41,648)

(137,821)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Increase (decrease) in cash and cash equivalents

(2,586)

(5,260)

(5,524)

2,831

 

(10,687)

(34,646)

Cash and cash equivalent – beginning of period

22,801

25,400

9,209

3,686

 

18,501

68,251

Cash and cash equivalent – end of period

20,215

20,140

3,685

6,517

 

7,814

33,605

 

(2,586)

(5,260)

(5,524)

2,831

 

(10,687)

(34,646)

 

14

 

 
 

 

Marketletter 2Q16

 

ASSETS 06/30/2015

ED Alagoas

ED Rondonia

ED Piaui

ED Acre

CELG -D

ED Roraima

Amazonas

 

 

 

 

 

 

 

 

CURRENT

 

 

 

 

 

 

 

Cash and Cash Equivalents

15,234

15,445

3,415

18,504

125,921

8,659

123,626

Clients (Consumenrs and Resellers)

337,699

242,088

326,906

71,101

865,660

41,257

435,831

Loans and Financing

-

-

-

-

-

-

-

Marketable Securities

25,791

31,856

468

-

-

-

78,446

Dividends to Receive (Remuneration of Equity Participation)

-

-

-

-

-

-

-

Deferred Fiscal Asset (Taxes and Contributions)

9,964

11,357

29,006

6,871

6,615

9,298

29,061

Income Tax and Social Contribution

-

-

255

2,832

-

-

-

Derivatives

-

-

-

-

-

-

-

Reimbursement Rights

66,896

182,037

15,623

105,162

96,680

181,805

1,963,036

Linked Deposits

-

-

-

466

-

-

12,315

Stored Material

6,264

31,305

12,620

2,892

33,205

1,937

206,022

Financial Asset

-

-

-

-

-

-

-

Regulatory Asset (Installment A – CVA)

14,089

95,192

273,657

32,327

18,764

1,125

131,268

Others

43,141

169,055

44,699

40,004

294,921

20,237

321,465

CURRENT TOTAL

519,078

778,335

706,649

280,159

1,441,766

264,318

3,301,070

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LONG-TERM CURRENT

 

 

 

 

 

 

 

Clients (Consumenrs and Resellers)

206,286

26,060

222,508

22,938

43,104

3,333

79,235

Loans and Financing - principal

-

-

-

-

-

-

-

Marketable Securities

-

-

-

-

-

-

-

Deferred Fiscal Asset (Taxes and Contributions)

4,975

7,376

4,521

1,972

148,103

1,505

2,186,146

Reimbursement Rights

-

3,006,903

-

239,885

-

68,883

4,399,859

Linked Deposits

43,061

73,301

13,571

7,383

108,359

17,087

356,939

Financial Asset

697,484

837,876

631,432

358,181

2,002,050

186,409

1,411,466

Financial Asset – Indemnitiable Concessions (Generation)

-

-

-

-

-

-

1,708,727

Advance for equity participation

-

-

-

-

-

-

-

Regulatory Asset (Installment A – CVA)

213,419

-

-

-

223,104

-

-

Others

565

3,909

1,285

86

594,626

4,392

9,089

LONG-TERM CURRENT TOTAL

1,165,790

3,955,425

873,317

630,445

3,119,346

281,609

10,151,461

 

 

 

 

 

 

 

 

INVESTIMENTS

169

1,806

146

-

(573)

-

12,938

 

 

 

 

 

 

 

 

FIXED ASSET

21,948

29,199

23,664

7,286

125,736

13,321

1,330,244

 

 

 

 

 

 

 

 

INTANGIBLE

-

42,550

10,892

11,799

19,830

7,678

529,637

 

 

 

 

 

 

 

 

NON-CURRENT TOTAL

1,187,907

4,028,980

908,019

649,530

3,264,339

302,608

12,024,280

 

 

 

 

 

 

 

 

ASSET TOTAL

1,706,985

4,807,315

1,614,668

929,689

4,706,105

566,926

15,325,350

 

15

 

 
 

 

Marketletter 2Q16

 

LIABILITIES 06/30/2015

ED Alagoas

ED Rondonia

ED Piaui

ED Acre

CELG -D

ED Roraima

Amazonas

CURRENT

 

 

 

 

 

 

 

Compulsory Loan (Parent Company)

-

-

-

-

-

-

-

Fuel Consumption Account – CCC (Parent Company)

-

-

-

-

-

-

-

Suppliers

272,698

1,152,693

190,451

175,088

864,287

363,300

3,647,802

Financing and Loans – principal

275,703

106,261

381,072

51,158

337,336

7,052

670,722

Financing and Loans - charges

-

791

1,629

-

34,305

-

747

Bonds

-

-

-

-

75,436

-

-

Taxes and Social Contribution

70,776

41,338

137,419

24,550

296,564

6,859

40,609

Income Tax and Social Contributuion

4,388

-

-

303

-

-

1,132

Derivatives

-

-

-

-

-

-

-

Reimbursement Obligations

38,723

11,625

-

-

-

-

-

Advance to clients (Early Energy Sell)

-

-

-

-

-

-

-

Remuneration to Shareholders (dividends to pay)

-

-

-

-

-

-

-

Estimated Obligations

10,602

21,650

34,782

4,517

47,687

16,958

63,200

Provisions for Contingencies

-

-

-

-

-

-

-

Post-Employment Benefit (Complementary Pension Fund)

6,183

-

28,832

-

31,970

-

-

Leasing

-

-

-

-

-

-

130,122

Onerous Contracts

-

-

-

-

-

-

-

Concessions to Pay - UBP

-

-

-

-

-

-

-

Sectorial Charges (statutory taxes)

7,395

50,862

23,970

30,858

379,630

-

3,072

Regulatory Liabilities (Installment A – CVA)

990

25,552

20,259

4,325

-

187

117

Others

74,601

31,598

48,730

18,565

398,918

47,019

115,340

CURRENT TOTAL

762,059

1,442,370

867,144

309,364

2,466,133

441,375

4,672,863

 

 

 

 

 

 

 

 

NON-CURRENT

 

 

 

 

 

 

 

Suppliers

-

1,003,845

-

229,993

878,352

128,541

7,459,666

Financing and Loans - principal

763,728

628,321

713,891

213,699

460,635

43,313

1,515,747

Bonds

-

-

-

-

192,696

-

-

Taxes and Social Contribution

7,228

3,751

67,429

2,906

5,298

-

-

Income Tax and Social Contributuion

43,548

-

-

-

37,487

-

-

Derivatives

-

-

-

-

-

-

-

Reimbursement Obligations

-

146,231

-

130,728

-

57,209

2,301,332

Advance to clients (Early Energy Sell)

-

-

-

-

-

-

-

Estimated Obligations

18,530

-

1,467

-

-

198

-

Provisions for Contingencies

90,906

126,041

101,359

11,248

540,403

44,425

376,047

Provision for uncovered liabilities on invested companies

-

-

-

-

-

-

-

Post-Employment Benefit (Complementary Pension Fund)

45,193

-

22,534

-

114,095

2,851

450

Leasing

-

-

-

-

-

-

1,160,252

Provision for Onerous Contracts

-

-

-

-

-

-

-

Concessions to Pay - UBP

-

-

-

-

-

-

-

Sectorial Charges (statutory taxes)

-

42,099

34,009

-

156,662

-

-

Obligations for asset demobilization (Nuclear power plant demobilization)

-

-

-

-

-

-

-

Advance for future capital Increase

8,307

245

16,416

12,787

-

-

-

Regulatory Liabilities (Installment A – CVA)

1,457

-

-

-

-

-

-

Others

46,723

1,327,456

499

865

31,459

19,897

489,787

NON-CURRENT TOTAL

1,025,620

3,277,989

957,604

602,226

2,417,087

296,434

13,303,281

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Social Capital

726,447

1,325,124

1,256,331

475,789

3,475,679

684,204

4,610,171

Capital Reserves

-

-

-

-

-

-

-

Profit Reserves

-

-

-

-

-

-

-

Additional Dividend Purposed

-

-

-

-

-

-

-

Profit/Losses Accumulated

(748,329)

(1,238,168)

(1,472,566)

(457,268)

(3,819,367)

(851,581)

(7,258,712)

Other Comprehensive Income

(58,812)

-

6,155

(422)

166,574

(3,505)

(2,253)

Non-controlling Shareholders Participations

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY TOTAL

(80,694)

86,956

(210,080)

18,099

(177,114)

(170,882)

(2,650,794)

 

 

 

 

 

 

 

 

LIABILITY AND STOCKHOLDERS’ EQUITY TOTAL

1,706,985

4,807,315

1,614,668

929,689

4,706,105

566,927

15,325,350

 

16

 

 
 

 

Marketletter 2Q16

 

STATEMENT OF INCOME 06/30/2015

ED Alagoas

ED Rondonia

ED Piaui

ED Acre

CELG -D

ED Roraima

Amazonas D

 

 

 

 

 

 

 

 

Operational Revenue

619,626

553,169

568,887

168,948

1,875,143

119,241

1,803,815

 

 

 

 

 

 

 

 

Electric Energy – sale to Distribution Companies

-

-

-

-

-

18,877

-

Electric Energy - Generation

-

-

-

-

-

-

622,671

Short Term electric Energy

-

-

-

-

-

-

929,186

Construction Plants Revenue

-

-

-

-

-

-

52,960

Electric Energy Supply – Distribution

905,455

732,873

786,133

250,446

3,270,110

123,715

376,770

Construction Revenue – Distribution

44,791

61,819

43,561

19,655

119,443

7,483

61,272

Others Operational Revenues

50,621

43,179

77,951

2,938

121,755

3,871

150,809

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deductions to Operational Revenues

(381,241)

(284,702)

(338,758)

(104,091)

(1,636,165)

(34,705)

(389,853)

 

 

 

 

 

 

 

 

Operational Expenses

(626,903)

(532,736)

(622,111)

(192,222)

(2,352,131)

(207,780)

(1,879,196)

 

 

 

 

 

 

 

 

Personnel, Material and Services

(105,820)

(115,466)

(119,605)

(43,797)

(395,456)

(38,573)

(319,546)

Electric Energy Purchased for Resale

(384,867)

(298,618)

(366,589)

(106,773)

(1,528,925)

(86,575)

(708,762)

Charges on Electric Energy Grid Usage

(27,323)

(8,919)

(17,764)

(2,027)

(86,064)

-

(78,187)

Construction

(44,791)

(61,819)

(43,561)

(19,655)

(119,443)

(7,483)

(114,232)

Fuel used for electric energy production

-

-

-

-

-

(19,697)

(292,942)

Remuneration and Reimbursement (Royalties)

-

-

-

-

-

-

(3,521)

Depreciation and Amortization

(16,559)

(18,057)

(17,265)

(7,929)

(58,693)

(5,253)

(127,448)

Operating Provisions

(11,719)

10,282

(12,747)

(1,749)

(77,709)

(48,584)

(77,118)

Others

(35,824)

(40,139)

(44,580)

(10,292)

(85,841)

(1,615)

(157,440)

 

 

 

 

 

 

 

 

OPERATING RESULT BEFORE FINANCIAL RESULT

(7,277)

20,433

(53,224)

(23,274)

(476,988)

(88,539)

(75,381)

 

 

 

 

 

 

 

 

FINANCIAL REVENUE (EXPENSES)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Investments Revenue

1,144

882

337

349

-

73

4,697

Interest, Commission and Rates revenue (loans and financing)

-

-

-

-

4,485

-

-

Debt Charges

(59,304)

(44,445)

(65,117)

(14,647)

(78,330)

(2,020)

(715,621)

Charges - Leasing

-

-

-

-

-

-

(137,661)

Charges – remuneration to shareholders

-

-

-

-

-

-

-

Moratorium Increase on electric energy

10,530

17,711

26,077

5,932

-

(9,853)

27,980

Net Monetary Update

10,530

17,711

26,077

5,932

106,526

(9,853)

44,866

Net Exchange Update

-

-

-

-

-

-

(137,661)

Regulatory Asset and Liability Update (Installment A - CVA) - Net

-

-

-

-

-

-

-

Other financial Revenues

1,278

62,641

6,548

-

53,846

(3,525)

46,341

Other financial expenses

(25,945)

(81,927)

(19,112)

(9,156)

(19,061)

-

(25,312)

 

 

 

 

 

 

 

 

FINANCIAL RESULT

(61,767)

(27,427)

(25,190)

(11,590)

67,466

(25,178)

(892,371)

 

 

 

 

 

 

 

 

EQUITY PARTICIPATION RESULT

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION

(69,044)

(6,994)

(78,414)

(34,864)

(409,522)

(113,717)

(967,752)

 

 

 

 

 

 

 

 

Income Tax and Social Contribution and Fiscal Incentives Revenue

(43,548)

-

-

-

-

-

-

 

 

 

 

 

 

 

 

RESULT BEFORE EQUITY PARTICIPATION

(112,592)

(6,994)

(78,414)

(34,864)

(409,522)

(113,717)

(967,752)

 

 

 

 

 

 

 

 

NET PROFIT OF THE PERIOD

(69,620)

(17,110)

(69,022)

(36,807)

(390,794)

(101,154)

(631,413)

 

17

 

 
 

 

Marketletter 2Q16

 

CASH FLOW 06/30/2015

ED Alagoas

ED Rondônia

ED Piauí

ED Acre

ED Roraima

Amazonas Energia

Operating Activities

 

 

 

 

 

 

Profit (loss) before income tax and social contribution

(26,072)

(17,110)

(69,022)

(36,807)

(80,907)

(631,412)

 

 

 

 

 

 

 

Depreciation and amortization

16,559

18,057

17,265

7,929

5,253

127,447

Net monetary variation

(15,098)

14,981

4,017

7,615

-

(15,082)

Net exchange variation

212

-

-

-

-

-

Financing charges

59,304

44,445

60,475

14,647

2,020

278,400

Provision for uncovered liability

-

-

-

-

-

-

Provision for doubtful credit liquidation

7,621

(535)

7,192

6,725

48,949

57,374

Provisions for contingencies

2,195

(9,747)

5,555

2,322

(365)

23,734

Provision for staff realignment

-

-

-

-

-

-

Provision for loss with Investment

-

-

-

-

-

-

Provision for reduction on recoverable amount of assets

-

-

-

(7,298)

-

-

Provision for onerous contracts

-

-

-

-

-

-

Provision for loss with Financial Asset

-

-

-

-

-

-

Global reversal reserve charges

-

-

-

-

-

-

Adjustment to Present Value / Market Amount

(133)

-

-

-

-

-

Minority Participation in Result

-

-

-

-

-

-

Charges on Shareholders funds

-

-

-

-

-

-

Financial Asset Revenue

-

-

-

-

-

-

Derivatives

-

-

-

-

-

-

Others

537,805

12,877

4,465

-

640

9,490

(Increase) decrease on operating asset/liability

(523,581)

16,226

(13,698)

3,420

31,834

507,092

 

 

 

 

 

 

 

Cash from Operating Activities

58,812

79,194

16,249

(1,447)

7,424

357,043

 

 

 

 

 

 

 

Payment of financial charges

(7,698)

(6,233)

-

(1,372)

-

(58,520)

Payment of charges of global reversal reserve

-

-

-

-

-

-

Financial charges receivable

-

-

-

-

-

-

Remuneration from equity investments received

-

-

-

-

-

-

Annual allowed Revenue Receiving (Financial Asset)

-

-

-

-

-

-

Financial Asset Indemnities Receiving

-

-

-

-

-

-

Payment of income tax and social contribution

(43,548)

-

-

-

-

-

Complementary pension fund payment

-

-

-

-

-

-

Payment of contingent liabilities

-

-

(5,570)

-

-

-

Lawsuit Deposits

-

(1,404)

-

-

-

(18,606)

 

 

 

 

 

 

 

Net Cash from Operating Activities

7,566

71,557

10,679

(2,819)

7,424

279,917

 

 

 

 

 

 

 

Financing Activities

 

 

 

 

 

 

Loans and financing obtained

79,974

12,497

37,279

20,520

5,468

24,096

Loans and financing payment - principal

(47,102)

(9,985)

(28,782)

(3,726)

(1,571)

(83,518)

Payment to Shareholders

-

-

-

-

-

-

Global Reversal Reserve Reposition

-

-

-

-

-

-

Receiving of advance for future capital increase (AFAC)

-

-

-

-

-

-

Payment of Refinancing of taxes and contributions - Principal

(5,900)

-

-

-

-

-

Others

-

-

(34,958)

-

-

-

Net Cash from Financing Activities

26,972

2,512

(26,461)

16,794

3,897

(59,422)

 

 

 

 

 

 

 

Investment Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing and Loans Concessions

-

-

-

-

-

-

Receiving of Loans and Financing Ceded

-

-

-

-

-

-

Acquisition of fixed assets

(495)

(751)

(375)

(303)

(13,885)

(2,513)

Acquisition of intangible assets

-

(579)

(1,339)

-

(2,319)

(2,638)

Acquisition of concession assets

(28,367)

(61,819)

15,433

(19,665)

6,257

(154,324)

Concession for advance of future capital increase

-

-

-

-

-

-

Acquisition/Contribution of capital in equity participation

-

-

-

-

-

-

Others

(61)

-

-

-

-

-

 

 

 

 

 

 

 

Net Cash from investments activities

(28,923)

(63,149)

13,719

(19,968)

(9,947)

(159,475)

 

 

 

 

 

 

 

Increase (decrease) in cash and cash equivalents

5,615

10,920

(2,063)

(5,993)

1,374

61,020

Cash and cash equivalent – beginning of period

9,619

4,525

5,478

24,497

7,286

62,606

Cash and cash equivalent – end of period

15,234

15,445

3,415

18,504

8,659

123,626

 

5,615

10,920

(2,063)

(5,993)

1,373

61,020

 

18

 

 
 

 

Marketletter 2Q16

 

IV.3 Financial Information and Result Analysis of Eletrobras Companies

Company

Net Operating Revenue

(R$ Million)

Service Result*

(R$ Million)

Profit/Loss of

Period*

(R$ Million)

EBITDA

(R$ Million)

Margin

EBITDA

(%)

2016

2015

2016

2015

2016

2015

2016

2015

2016

2015

Eletronorte

5,490

2,988

3,680

463

2,682

109

4,003

593

73%

20%

Chesf

10,338

1,824

8,613

42

5,737

500

8,697

99

84%

5%

Furnas

15,422

3,066

13,233

587

8,470

206

13,409

593

87%

19%

Eletronuclear

1,277

972

-3,709

114

-4,026

-14

-3,512

297

-275%

31%

Eletrosul**

2,239

768

1,670

63

908

-235

1,680

-21

75%

-3%

CGTEE

244

175

-98

-129

-313

-292

-62

-89

-25%

-51%

Amazonas GT

157

0

-81

-88

-236

0

-49

0

-32%

-

 

(R$ Million)

* Amounts for consolidation purposes

** The subsidiary Eletrosul results were adjusted by eliminating figures for sale to Eletronorte and recognition of the amortization for the period of granting non-realized profits intergroup.

 

 

(R$ Million)

Company

Net Operating Revenue

(R$ Million)

Service Result*

(R$ Million)

Profit/Loss of

Period*

(R$ Million)

EBITDA

(R$ Million)

Margin

EBITDA

(%)

2016

2015

2016

2015

2016

2015

2016

2015

2016

2015

ED Acre

228

181

-56

-12

-116

-36.8

-48

-4

-21%

-2%

ED Alagoas

708

658

-29

31

-108

-69.6

-11

48

-1%

7.28%

Amazonas D

1,370

1,836

-441

-43

-1,068

-631.4

-390

84

-28.49%

5%

ED Piauí

610

621

-132

-1

-240

-69.0

-112

16

-18%

2%

ED Rondônia

856

571

16

39

-130

-17.1

35

57

4%

10%

ED Roraima

132

120

-121

-88

-149

-101.2

-115

-83

-87%

-69%

                     

* Amounts for consolidation purposes

                                                                                                                                                                     

19

 

 
 

 

Marketletter 2Q16

 

 

IV.3.1 Financing and Loans – R$ Million

 

Financing and Loans

 

Local Currency (LC) +  Foreign Currency (FC)

 

 

Empresa Eletrobras

Eletrobras (a)

Others Creditors (b)

Total (a+b)

2017

2018

2019

2020

2021

2022

After 2022

2017

2018

2019

2020

2021

2022

After 2022

Eletronorte

309.29

255.87

230.79

237.85

231.29

217.48

940.06

280.02

281.10

175.59

140.88

144.04

147.75

1,412.01

5,004.02

Chesf

16.42

7.04

-

-

-

-

-

507.40

329.60

154.60

81.22

59.13

59.13

187.55

1,402.10

Furnas

895.00

477.00

452.00

473.00

495.00

317.00

876.00

1,156.00

1,909.00

1,151.00

592.00

390.00

387.00

1,007.00

10,577.00

Eletronuclear

296.98

146.72

138.11

138.11

138.11

119.55

578.90

78.10

120.55

167.11

179.22

192.23

206.17

4,939.95

7,439.83

Eletrosul

245.95

259.06

254.82

244.49

243.42

183.23

640.49

136.13

630.23

166.37

144.36

124.94

97.55

89.88

3,460.92

CGTEE

136.50

335.90

275.80

279.70

279.70

243.50

206.60

-

-

-

-

-

-

-

1,757.70

Amazonas GT

179.90

75.70

70.40

62.50

22.50

17.70

0.40

-

-

-

-

-

-

-

429.10

Itaipu Binacional(1)

262.60

550.86

587.27

626.46

668.70

296.70

58.24

455.99

957.33

1,021.34

1,090.08

1,163.92

1,240.14

442.82

9,422.45

ED Acre

50.74

34.56

28.30

28.02

28.02

13.45

10.66

-

-

-

-

-

-

-

193.75

ED Alagoas

219.00

178.00

154.00

113.00

101.00

62.00

39.00

7.00

2.00

2.00

2.00

-

-

-

879.00

ED Amazonas Energia

130.31

219.09

216.31

215.17

209.84

126.86

44.33

-

-

-

-

-

-

-

1,161.91

ED Piauí

346.15

61.33

31.00

12.46

11.04

10.36

372.92

-

-

-

-

-

-

-

845.25

ED Rondônia

77.22

166.52

161.46

125.67

95.30

67.54

43.76

-

-

-

-

-

-

-

737.46

ED Roraima

12.14

10.25

6.91

6.47

6.46

4.35

4.79

-

-

-

-

-

-

-

51.37

(1) Amounts in USD Million.

                                                                             

20

 

 
 

 

Marketletter 2Q16

 

 

IV.3.2 Analysis Result of Generation and Transmission Companies

 

Eletronorte

 

The company presented a result 208.6% higher than in the 1Q16, from a profit of R$ 656.3 million to a profit of R$ 2,026 million, mainly due to the factors described below.

 

Operating Revenue

 

Operating Revenue was 247.3% higher than in the previous quarter, from R$ 1,227 million to R$ 4,262.6 million, mainly due to the factors described below.

 

In generation:

 

Supply revenues reduced by 4.8% relative to the 1Q16, from R$ 726 million to R$ 691.1 million,due mainly to the fact that the seasonality for energy was higher in the 1Q16.

 

Supply Revenues increased by 2.3% relative to the 1Q16, from R$ 261.4 million to R$ 267.3 million, with no significant variation for the period, since the price variation in bilateral contracts with aluminum producers was partially offset by new contracts.

 

Revenues from Short-Term Energy (CCEE) decreased by 39.1% relative to the 1Q16, from R$ 139 million to R$ 84.6 million, due mainly to the reduction in the level of energy generated, especially by the Tucuruí hydro, and also due to bilateral contracts that have relatively increased supply revenues.

 

In transmission:

 

Transmission revenues increased by 1,508% relative to the 1Q16, from R$ 208 million to R$ 3,342 million, due mostly to the acknowledgment of the financial revenue, which increased from R$ 83.1 million in the 1Q16 to R$ 3,108.7 million in the 2Q16, due to the effects of MME Ordinance No. 120, of April 20th 2016, which set out the conditions for payment and remuneration relating to the Basic Network Existing System (RBSE), amounting to R$ 3,034.6 million.

 

Construction Revenue increased by 762%, from R$ 14.1 million to R$ 121.6 million, with no effect on the result, since it is offset by the cost of construction.

 

Operating Expenses

 

Operating Expenses increased by 65% relative to the 1Q16, from R$ 683 million to R$ 1,127 million in the 1Q16, due mainly to the factors described below.

 

Personnel, material and service expenses increased by 8% relative to the 1Q16, from R$ 360.6 million to R$ 389 million.

 

21

 

 
 

 

Marketletter 2Q16

 

Personnel expenses increased by 4.8% relative to the 1Q16, from R$ 293 million to R$ 307 million, due mainly to the career plan and to provisions for vacations.

 

Materials expenses increased by 30.3% relative to the 1Q16, from R$ 7 million to R$ 10 million, due mainly to the acquisition of spare parts for the Company's operating activities.

 

Services Expenses increased by 20.7% relative to the 1Q16, from R$ 60 million for R$ 72 million, due mainly to the adjustment of contracts of surveillance, cleaning and other third-party labor as of February of 2016.

 

Expenses with Energy Purchased for Resale decreased by 13.2% relative to the 1Q16, from R$ 45 million to R$ 39 million. Expenses in the period are due, mainly, to the energy imported from Venezuela (CORPELEC contract) for resale to the distribution company Boa Vista Energia S.A., paid in dollar, which expires in 2021.

 

Fuel Expenses decreased by 100% relative to the 1Q16, from R$ 3.7 million to R$ 0 million, due mainly to the interruption of thermal generation at the TPU Santana after the interconnection of Amapá to the SIN in 2015.

 

Remuneration and Reimbursement expenses decreased by 9% relative to the 1Q16, from R$ 57 million to R$ 52 million, due mostly to the reduction of generation revenue in the period.

 

Operating provisions decreased by 445.2% relative to the 1Q16, from a revenue of R$ 66 million to an expense of R$ 227 million, due to mainly the acknowledgement of provision in the amount of R$ 163 million for the tax created by the State of Pará, in December 2014, on water discharge increase in the State's hydro plants for the 6MO16. Up until the 1Q16, due to legal claims concerning the constitutionality of the related tax, only the values relative to the year of 2015 had been recorded. Despite the provision, Eletronorte continues to claim for the unconstitutionality of this tax. Moreover, in the 1Q16 an atypical value was recorded due the reversion of provision in the amount of R$ 75 million concerning he dispossession lawsuit for the area of the Balbina hydro plant.

 

Other Expenses increased by 53.9% relative to the 1Q16, from R$ 33.3 million to R$ 51.3 million, due mainly to the hydrological risk and the renewal of the contract of operational risk insurance of the premises of the company.

 

Financial Result

 

The financial result decreased from R$ 109.1 million in the 1Q16 to a negative amount of R$ 29.8 million in the 2Q16. The reduction in the 2Q16 occurred mainly, due to the factors described below.

 

22

 

 
 

 

Marketletter 2Q16

 

Revenues from Financial Investments decreased by 46.8% relative to the 1Q16, from R$ 40.5 million to R$ 21.6 million, due mainly to the redemption of investments for liquidation of the company's commitments.

 

Moratorium decreased by 74.1% relative to the 1Q16, from R$ 42.6 million to R$ 11 million, due mainly to the reclassification of monetary adjustments on Ceron's claims to the monetary variation accounts.

Net Monetary Variations decreased by 90.4% relative to the 1Q16, from R$ 56 million to R$ 5 million, due mainly to the updates in the CCEE invoices acknowledged in the amount of R$ 18 million, and the adjustments of Ceron's updates recorded in the 2Q16.

 

Derivatives Gains and Losses decreased by 45.9% relative to the 1Q16, from R$ 79 million to R$ 43 million, due mostly to the value of the London Metal Exchange (LME), used as a parameter in the calculation for bilateral contracts with aluminum producers1, and to the gain recorded in the 2Q16 from the debentures2 issued by the Estação Transmissora de Energia S/A SPE, which was incorporated by Eletronorte.

 

Other Financial Income increased by 115.5% relative to the 1Q16, from R$ 7 million to R$ 16 million, due mainly to the abatements obtained by anticipation of payment of purchase of equity interest of Norte Brasil Transmissora de Energia and Construtora Integração (NBTE), and the assets acquired from Porto Velho Transmissora de Energia S.A. (PVTE) with Eletrosul.

 

 

 

1Eletronorte entered, in 2004, long-term contracts for the supply of electricity to two of its main customers: the Consórcio de Alumínio do Maranhão – Alumar, formed by companies BHP Billiton, Alcoa and Alumínio Brasileiro S.A. - Albras. Part of these long-term contracts' revenue is associated with the payment of a premium linked to the international price of aluminum, quoted on the London Metal Exchange (LME), as an active basic definition for purposes of the monthly values ​​of the premium. The premium is considered an embedded derivative because its pricing is derived from the price of aluminum which is defined, in this case, as the underlying asset. The calculation of the prize of these contracts includes the concept of cap and floor band, related to aluminum price quoted on the LME. The maximum and minimum price of LME is limited to US$ 2,773.21/ton and US$ 1,450/ton, respectively. Whereas the premium is associated with the commodity price of aluminum on the LME, you can assign the fair value of these contracts. In June 2016, the value of the LME closed at US$ 1,600.51/ton, representing an increase by 7.03% over relative to December 2015, when the commodity price reached US$ 1,495.35/ton. In contrast, in the same period of analysis, there was an appreciation of the Real against the US dollar, with the consequent negative variation on the pricing of the embedded derivative. However, the positive changes in the aluminum prices contributed most strongly to providing a resulting increase in anticipation of the fair value of the embedded derivatives in the period. The gain on the transaction with embedded derivatives in June 2016, was R$ 95,227 (2015 - loss of R$ 96,294).

2The Estação Transmissora de Energia S.A., former investee of Eletronorte, which was incorporated on March 31st, 2014, signed a debenture issuing contract in June 2011, with Banco da Amazonia S.A. (BASA), which manages the resources of the Fundo de Desenvolvimento da Amazônia (FDA), with a fundraising goal for implementation of the rectification station project and the grounding of the collector substation. The contract has a contractual clause concerning the possibility of conversion of these debentures at the discretion of SUDAM, limited to 50% of the issued debentures. According to the evaluation of the Company, it is possible to assign a value to the amount that would be assigned to SUDAM should this conversion occur. For these reasons there is the identification of an embedded derivative in the contract. The gain on this derivative transaction in June 2016, is R$ 26,414 (2015 - gain of R$ 12,004), and is due to the payments of the main contract, net of interest recognized in the period which reduces the obligation over time. Moreover, the expectation of change for indexing rates of the contract reduced to two years (SELIC of 14.25% to 10.75% in 2018 and TJLP of 8.5% to 7.5% in 2018).

 

23

 

 
 

 

Marketletter 2Q16

 

Shareholdings

 

The result of the Shareholdings account worsened, reaching in the 2Q16 an expense of R$ 30 million, compared to a revenue of R$ 60 million in the 1Q16, influenced by the acknowledgment of the impairment in the amount of R$ 60 million of the Linha Verde Transmissora de Energia SPE due to due to agreement with the SPE of the abatement rate used for the calculations for valuation of assets.

 

Income Tax and Social Contribution

 

Provision for Income Tax and Social Contribution increased, reaching, in the 2Q16, an expense in the amount of R$ 1,050 million, compared to an expense in the amount of R$ 57 million in the 1Q16, influenced by the acknowledgment of RBSE, whose taxation, which amounts to R$ 1,031.8 million, will be deferred as receipt of payment of the RBSE financial asset.

 

 

24

 

 
 

 

Marketletter 2Q16

 

Chesf

 

The company presented in 2Q16 a positive variation of R$ 5,752.5 million relative to the 1Q16, from a loss of R$ 7.6 million to a profit of R$ 5,744.9 million, mainly due to the factors described below.

 

Operating Revenue

 

The net Operating Revenue increased by 996.4% relative to the 1Q16, from R$ 864 million to R$ 9,474 million, due mainly to the factors described below.

 

In generation:

 

Energy Purchased for Resale expenses decreased by 1.9% relative to the 1Q16, from R$ 353.3 million to R$ 346.6 million, due mainly to decontracting and seasonality of energy.

 

Supply Revenues increased by 4.4% relative to the 1Q16, from R$ 191.7 million to R$ 200.2 million, due mostly to the increase in the rate of contracts for purchase and sale of electric energy (CCVE) due to the change from the wet season energy tariff (1Q16) to the dry season tariff (2Q16) .

 

Revenues from Short-Term Energy (CCEE) increased by 105.0%% relative to the 1Q16, from R$ 10.0 million to R$ 20.6 million, due mainly to settlements in the CCEE occurred in the periods under analysis and the increase in the price of the PLD.

 

In transmission:

 

Transmission revenues increased by 1,909.0% relative to the 1Q16, from R$ 450.3 million to R$ 9,046.0 million, mostly due to the acknowledgement of financial revenue, from R$ 6.1 million in the 1Q16 to R$ 8,635.0 million in the 2Q16, due to the effects of MME Ordinance No. 120, of April 20th 2016, which established the conditions of payment and remuneration on the Basic Network Existing System (RBSE), amounting to R$ 8,618 million, and also to the following factors:

 

Operating and Maintenance Revenues increased by 9% , from R$ 236 million in the 1Q16 to R$ 258 million in the 2Q16, due to the update of the Annual Allowed Revenue - RAP, as well as to new increments for acknowledgement of investments in reinforcements and improvements in transmission lines.

 

Other Income decreased by 70% relative to the 1Q16, R$ 8.734 million to R$ 14.878 million, due mainly to the increase in revenues from engineering services.

 

Operating Expenses

 

Operating Expenses decreased by 10.4% relative to the 1Q16, from R$ R$ 910 million to R$ 815 million, due mainly to the factors described below.

 

25

 

 
 

 

Marketletter 2Q16

 

 

Personnel, Materials and Services Expenses increased by 3.8% relative to the 1Q16, from R$ 287 million to R$ 298 million.

 

Personnel expenses increased by 3.13% relative to the 1Q16, from R$ 231.8 million to R$ 239.0 million due mostly to provisions for employee vacations.

 

Materials expenses decreased by 12.7% relative to the 1Q16, from R$ 5.5 million to R$ 4.8 million, due mainly to the decrease in expenses with automotive materials.

 

Services Expenses increased by 8.7% relative to the 1Q16, from R$ 49.5 million to R$ 53.8 million, due to mainly to expenses with technical and administrative services.

 

Expenses with Energy Purchased for Resale decreased by 10,8% relative to the 1Q16, from R$ 102.9 million to R$ 91.8 million, due mainly to the seasonality which impacted the contracts with ESBR - Energia Sustentável do Brasil S.A. (Jirau hydro), whose energy is bought by Chesf, in proportion to the share capital of the SPE in order to enable the Project Finance of the plant.

 

Fuel Costs decreased by 100.0% relative to the 1Q16, from R$ 7.8 million, mainly due to interruption of power generation at the Camaçari plant.

 

Operating Provisions decreased by 65.8% relative to the 1Q16, from R$ 59.9 million to R$ 20.5 million, due mainly to the increase of provisions for litigation contingencies in lawsuits in the 1Q16, such as the one related to the GSF (R$ 21 million), which came in lower in the 2Q16.

 

Financial Result

 

The financial result decreased from R$ 27.5 million in the 1Q16 to R$ 21.1 million in the 2Q16. The reduction in the 2Q16 occurred mainly, due to the factors described below.

 

Revenues from Financial Investments decreased by 51.9% relative to the 1Q16, from R$ 24.3 million to R$ 11.7 million, due mainly to the redemption of investments for liquidation of the company's commitments.

 

Other Financial Expenses decreased by 42.7% relative to the 1Q16, from R$ 18.3 million to R$ 10.5 million, due mostly to Aneel fines being recorded in the 1Q16.

 

Shareholdings

 

The result of Shareholdings worsened, reaching R$ 12.8 million in the in 2Q16, compared to R$ 20.3 million in the 1Q16, influenced, mainly, by the result of Sistema de Transmissão Nordeste S.A (STN) SPE in the 2Q16, given that, in the 1Q16, a deferred tax asset was recorded, which did not occur in the 2Q16.

 

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Marketletter 2Q16

 

Income Tax and Social Contribution

 

Provision for Income Tax and Social Contribution increased, reaching, in the 2Q16, an expense in the amount of R$ 2,947.8 million, compared to an expense in the amount of R$ 9.7 million in the 1Q16, influenced by the recognition of the RBSE, whose the payment of R$ 2,931 million will be difined according to receiving of the financial remuneration of the above-mentioned RBSE.

 

 

 

 

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Marketletter 2Q16

 

Furnas

 

The company presented a result 8,204% higher than in the 1Q16, from a profit of R$ 100.8 million to a profit of R$ 8,370 million, mainly due to the factors described below.

 

Operating Revenue

 

Net Operating revenue increased by 1,011% relative to the 1Q16, from R$ 1,274 million to R$ 14,148 million, due mainly to the factors described below.

 

In generation:

 

Supply Revenues decreased by 6% relative to the 1Q16, from R$ 890 million to R$ 836.2 million, due mainly to seasonality and decontracting of energy.

 

Revenues from Short-Term Energy (CCEE) increased by 998.6% relative to the 1Q16, from R$ 5.3 million to R$ 58.1 million, due mainly to the accounting for the liquidation of with the CCEE.

 

Construction Revenue from power plants increased by 127.8% relative to the 1Q16, from R$ 25.5 million negative to R$ 7.1 million positive, but with no effect on the result since it has equivalent value at the cost of construction.

 

In transmission:

 

Transmission revenues increased by 3,334% relative to the 1Q16, from R$ 384.8 million to R$ 13,214.7 million, due mostly to the acknowledgment of the financial revenue, which increased from R$ 46.3 million in the 1Q16 to R$ 12,750.4 million in the 2Q16, due to the effects of MME Ordinance No. 120, of April 20th 2016, which set out the conditions for payment and remuneration relating to the Basic Network Existing System (RBSE), amounting to R$ 12,710.3 million.

 

Operation and Maintenance Revenues increased by 216.6%, from R$ 7.8 million to R$ 24.8 million, mostly due to the annual update of the Annual Allowed Revenue - RAP, as well as to new increments for acknowledgment of investments in reinforcements and improvements in transmission lines.

 

Construction Revenue increased by 194.3%, from R$ 58.3 million to R$ 171.8 million, but with no effect on the result since it has equivalent value at the cost of construction.

 

Operating Expenses

 

Operating Expenses increased by 31.3%, from R$ 946 million to R$ 1,242 million, due mostly to the factors described below.

 

Personnel, Materials and Services expenses increased by 14.2% relative to the 1Q16, from R$ 423.3 million to R$ 483.1 million.

 

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Marketletter 2Q16

 

Personnel expenses increased by 4.7% relative to the 1Q16, from R$ 282.5 million to R$ 271.7 million.

 

Materials costs increased by 48.4% relative to the 1Q16, from R$ 6.8 million to R$ 10.1 million, due mainly to consumption of inputs for operation and maintenance of generation and transmission facilities.

 

Services Expenses increased by 53.3% relative to the 1Q16, from R$ 131,3 million to R$ 201.3 million, due to mainly to the regularization of accounting for service contracts.

 

Construction expenses decreased by 443.6%, from R$ 32.9 million to R$ 178.8 million, but with no effect on the result since it has equivalent value at the cost of construction.

 

Fuel Expenses decreased by 26.9% relative to the 1Q16, from R$ 128.5 million to R$ 93.9 million, due mainly to the reduction in the generation of the Santa Cruz thermal plant.

 

Operating Provisions increased by 158.4% relative to the 1Q16, from a reversal of R$ 75.8 million to R$ 44.3 million negative, due mainly to the increase in provisions for labor, environmental, land, tax and civil lawsuit contingencies, totaling R$ 134.2 million.

 

Financial Result

 

Net Financial Result decreased from a negative amount of R$ 180.5 million in the 1Q16 to a negative amount of R$ 275.5 million in the 2Q16 due mainly to the factors described below.

 

Revenues from Financial Investments decreased by 43% relative to the 1Q16, from R$ 34.7 million to R$ 19.8 million, due mainly to the reduction in the balance of financial investments in the period.

 

Moratorium decreased by 71.2% relative to the 1Q16, from R$ 6.6 million to R$ 1.9 million, due mainly to the arrears surcharges on electricity sold in the amount of R$ 4.6 million.

 

Other Financial Expenses increased by 32.9% relative to the 1Q16, from R$ 33,5 million to R$ 44,5 million, due mainly to the payment of IOF tax on the loan granted by the BNDES in April and May in the amount of R$ 4.3 million and to the payment of fines and interest on late payment of income tax (R$ 3.3 million) and Social Contribution on Net Income (R$ 2 million) in 2T16.

 

Shareholdings

 

The result of Shareholdings improved, reaching R$ 58 million in the 2Q16, compared to a negative result of  R$ 20 million in the 1Q16, due to the improvement in the results of Madeira Energia, Serra do Facão and IE Madeira SPE's partially offset by the deterioration in the results of the SPEs Triângulo Mineiro, Enerpeixe and Tijoa Participações.

 

 

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Marketletter 2Q16

 

Income Tax and Social Contribution

 

Provision for Income Tax and Social Contribution increased, reaching, in the 2Q16, an expense in the amount of R$ 4,318.2 million, compared to an expense in the amount of R$ 26.5 million in the 1Q16, influenced by the acknowledgment of RBSE, whose taxation, which amounts to R$ 4,321.5 million, will be deferred as receipt of payment of the RBSE financial asset.

 

 

 

 

 

 

 

 

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Marketletter 2Q16

 

Eletronuclear

 

The Company's result changed from a profit of R$ 28.8 million in the 1Q16 to a loss of R$ 4.054 million in the 2Q16, mainly due to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 1% relative to the 1Q16, from R$ 635.3 million to R$ 641.4 million in the 2Q16, mainly due to the factors described below.

 

 

In generation:

 

Supply Revenue increased by 0.96% relative to the 1Q16, from R$ 722 million to R$ 729 million, due mainly to the variable portion of the revenues3, given the fact that the amount of energy sold was greater than the assured energy.

 

Operating Expenses

 

Operating Expenses increased relative to the 1Q16, from R$ 446.1 million in the 1Q16 to R$ 4,539.7 million in the 2Q16, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 10.4% relative to the 1Q16, from R$ 172.4 million to R$ 190.2 million in the 2Q16.

 

Personnel Expenses decreased by 5.68% relative to the 1Q16, from R$ 124.2 million to R$ 117.1 million, due mainly to reduction of expenses with employee vacations and related social charges.

 

Materials expenses increased by 232.40% relative to the 1Q16, from R$ 3.1 million to R$ 10.4 million, due mainly to the use of materials during the scheduled production stop at the Angra I nuclear plant.

 

Services Expenses increased by 39.11% relative to the 1Q16, from R$ 45.1 million to R$ 62.7 million, due mainly to contractor services during the scheduled stop at the Angra I nuclear plant.

 

Operating Provisions increased relative to the 1Q16, from R$ 16.7 million to R$ 4,106.4 million, due mainly to the Impairment of Angra 3, in the amount of R$ 2.4 billion, and the onerous contract of Angra 3, in the amount of R$ 1.7 billion.

 

Other Expenses decreased by 32.59% relative to the 1Q16, from R$ 39.3 million to R$ 26.5 million, due mainly to a reduction in taxes and compulsory fees. In the 1Q16 there was recording of the property tax (IPTU) retroactive to the period from 2011 to 2015 (amounting to R$ 13 million), which is being settled in 60 monthly installments.

3The revenue of Angra I and Angra II is divided in two parts:  FIXED REVENUE approved by Aneel, which corresponds to an amount of assured energy (contracted), and VARIABLE REVENUE, which corresponds to the sale of the amount of  energy supplied more or less than the assured one. When it is positive, the exceeding amount is invoiced to the distribution companies at the rate of 50% of the average PLD of the year. When the supply is lower, it is returned at the rate of 100% of the average PLD of the year.

 

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Marketletter 2Q16

 

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 126.2 million in the 1Q16 to a negative amount of R$ 118 million in the 2Q16, due mainly to the factors described below.

 

Debt Charges increased by 26.87% relative to the 1Q16, from R$ 19.7 million to R$ 25 million, due mainly to new loans for repayment of obligations with the nuclear fuel supplier.

 

Net Foreign Currency Exchange Rate Variations decreased by 34.27% relative to the 1Q16, from R$ 25.2 million negative to R$ 16.6 million negative, due mainly to restatement. 

 

Net Monetary Variation decreased by 40.28% relative to the 1Q16, from R$ 24.3 million negative to R$ 14.5 million negative, due mainly to the monetary variation on the property tax (IPTU) retroactive to the period from 2011 to 2015 (amounting to R$ 8 million) in the 1Q16.

 

Other Financial Expenses increased by 11.05% relative to the 1Q16, from R$ 58.3 million to R$ 64.7 million, due mainly to the losses of income from the decommissioning fund.

 

 

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Marketletter 2Q16

 

Eletrosul

 

The company presented, in the 2Q16, a result higher than in the 1Q16, from a loss of R$ 26.6 million in the 1Q16 to a profit of R$ 929.8 million in the 2Q16, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 399.9% relative to the 1Q16, from R$ 373.2 million in the 1Q16 to R$ 1,865.6 million in the 2Q16, due mainly to the factors described below.

 

In generation:

 

Supply revenues increased by 1.72% relative to the 1Q16, from R$ 112 million to R$ 113.9 million, due mainly to a higher volume of wind generation by Cerro Chato 1, 2 and 3; Coxilha Seca, Capão do Inglês and Galpões wind farms.

 

Short-Term Energy revenues (CCEE) increased by 9.68% relative to the 1Q16, from R$ 63.1 million to R$ 69.2 million, due mainly to variation in the Price of Settlement of Differences in the South and Southeast regions and to the increase in energy traded via bilateral contracts.

 

In transmission:

 

Transmission revenues increased by 621.40% relative to the 1Q16, from R$ 238.5 million to R$ 1,720.3 million, due primarily to the acknowledgment of the financial revenue, which increased from R$ 41.9 million in the 1Q16 to R$ 1,498.3 million in the 2Q16, due to the effects of MME Ordinance No. 120, of April 20th 2016, which set out the conditions for payment and remuneration relating to the Basic Network Existing System (RBSE), amounting to R$ 1,447.3 million

 

Construction Revenue increased by 91.3%, from R$ 20.1 million to R$ 38.6 million, due to concession contract 001/2015, which has no effect on the result since it is offset at the construction expenses.

 

Other Revenues

 

Other Revenues decreased by 9.82% relative to the 1Q16, from R$ 6.3 million to R$ 5.7 million, due mainly to reduced revenue from provision of services to third parties, such as use of network for communication services and consulting services.

 

Operating Expenses

 

Operating Expenses increased in the 2Q16 relative to the 1Q16, from R$ 268.9 million to R$ 302.9 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 8.8% relative to the 1Q16, from R$ 121.3 million to R$ 131.9 million.

 

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Marketletter 2Q16

 

Personnel expenses increased by 6.38% relative to the 1Q16, from R$ 93.6 million to R$ 99.6 million, due mainly to the adjustment in provisions for vacations.

 

Services expenses increased by 19.57% relative to the 1Q6, from R$ 25.0 million to R$ 29.9 million, mainly due to seasonality in the use of resources.

 

Energy Purchased for Resale expenses decreased by 16.45% relative to the 1Q16, from R$ 70.5 million to R$ 58.9 million, due mainly to adjustment made in the 1Q16 related to reprocessing of energy settled in the CCEE in previous months

 

Operating Provisions increased by 1,613.11% relative to the 1Q16, from R$ 0.4 million to R$ 6.7 million, due mainly to the increase in expenses with labor provisions.

 

Other Expenses increased by 16.37% relative to the 1Q16, from R$ 10.7 million to R$ 12.3 million.

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 116.9 million in the 1Q16 to a negative amount of R$ 68.4 million in the 2Q16, due mainly to the factors described below.

 

Revenues from Financial Investments decreased by 18.86% relative to the 1Q16, from R$ 12.1 million to R$ 9,9 million, due mostly to the variation in restatement rates.

 

Net Foreign Currency Exchange Rate Variations increased by 160.81% relative to the 1Q16, from R$ 11.6 million to R$ 30.4 million, due mainly to the reduction in the price of Euro which impacted loan expenses, recording positive result for currency fluctuations.

 

Other Expenses decreased by 74.75% relative to the 1Q16, from R$ 40.7 million to R$ 10.3 million, due mainly to the rebates granted in the 1Q16 due to the anticipation of installments from the negotiation of assets with Eletronorte. 

 

Shareholdings

 

Shareholdings reached an expense of R$ 54.4 million in the 2Q16, compared to an expense of R$ 18.1 million in the 1Q16, influenced, mainly, by increased losses in the Energia Sustentável do Brasil Participações (Jirau hydro) investee.

 

 

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Marketletter 2Q16

 

Income Tax and Social Contribution

 

The provision for income tax and social contribution increased, reaching, in the 2T16, an expense of R$ 509.0 million, compared to an expense of R$ 4.8 million in the 1T16, influenced by the recognition of RBSE, whose taxation, which amounts to R$ 492.1 million, will be deferred as receipt of payment of the RBSE financial asset.

 

 

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Marketletter 2Q16

 

CGTEE

 

CGTEE presented in the 2Q16 a result 88.1% higher than the result for the 1Q16, from a loss of R$ 279.6 million to a loss of R$ 33.2 million in 2Q16.

 

Operating Revenue

 

Net Operating Revenue increased by 1,590% relative to the 1Q16, from R$ 13.6 million to R$ 230.2 million, due mainly to the factors described below.

 

In generation:

 

Supply Revenues increased by 1,012.6% relative to the 1Q16, from R$ 21.9 million to R$ 243.2 million, due to mainly to the acknowledgment of revenue estimate from financial settlements in the Electric Energy Trading Chamber (CCEE), including prior periods.

 

Operating Expenses

 

Operating Expenses decreased in the 2Q16 relative to the 1Q16, from R$ 190.1 million to R$ 151.7 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 9.2% relative to the 1Q16, from R$ 68.7 million to R$ 62.4 million.

 

Personnel expenses increased by 8.1% relative to the 1Q16, from R$ 26.2 to R$ 28.3 million, due mainly to the increase in provision for vacations.

 

Materials expenses decreased by 7.4% relative to the 1Q16, from R$ 22.9 million to R$ 21.2 million, due mainly to a reduction in the price of lime, used in the reduction of polluting gases.

 

Services expenses decreased by 34.5% relative to the 1Q16, from R$ 19.6 million to R$ 12.9 million, due mainly to reduced cost of maintenance for power plant equipment.

 

Energy Purchased for Resale expenses decreased by 45.7% relative to the 1Q16, from R$ 61.3 million to R$ 33.3 million, due to the reversal of provision for compensation to client distributors for insufficient power generation.

 

Fuel costs decreased by 21.9% relative to the 1Q16, from R$ 12.9 million to R$ 10.1 million due mainly to a small decline in coal consumption in light of lower energy generation in the 2Q16.

 

Operating Provisions presented larger reversals, from R$ 6.1 million to R$ 0.1 million in the 2Q16, due mainly to reversals of provisions for labor lawsuits.

 

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Marketletter 2Q16

 

Other Expenses increased by 40.9% relative to the 1Q16, from R$ 12.6 million to R$ 17.7 million, due mainly to contractual indemnity to the lime supplier. 

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 103.2 million in the 1Q16 to a negative amount of R$ 111.7 million in the 2Q16, mainly due to Debt Charges, which increased by 8.8% relative to the 1Q16, from R$ 100.2 million to R$ 109.0 million, on account of the increasing balance of loans payable.

 

 

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Marketletter 2Q16

 

Eletropar

 

The company presented, in the 2Q16, a result 71% higher than in the 1Q16, from a profit of R$ 1.4 million to a profit of R$ 2.4 million, mainly due to the factors described below. Shareholdings Shareholdings increased by 151.3% relative to the 1Q16, from R$ 0.9 million to R$ 2.2 million, due to the acknowledgment of equivalence of the CTEEP and EMAE and in the 1Q16 there was no equivalence of EMAE.

 

Shareholdings

 

Shareholdings increased by 151.3% relative to the 1Q16, from R$ 0.9 million to R$ 2.2 million, due to the acknowledgment of equivalence of the CTEEP and EMAE and in the 1Q16 there was no equivalence of EMAE.

 

Operating Expenses

 

Operating Expenses decreased relative to the 1Q16, from R$ R$ 1.9 million to R$ 1.7 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 4.2% relative to the 1Q16, from R$ 0.97 million to R$ 1.01 million.

 

Personnel expenses showed no change relative to the 1Q16, remaining at R$ 0.8 million.

 

Materials expenses increased by 90.9% relative to the 1Q16, from R$ 0.01 million to R$ 0.02 million, due mainly to the seasonality of office supplies purchases. Such purchases occur every 4 to 6 months.

 

Services expenses increased by 14.7% relative to the 1Q16, from R$ 0.18 million to R$ 0.20 million, due mainly to the payment to Bradesco for the book-entry services concerning the "payment of dividends" event.

 

Operating Provisions decreased by 91.6% relative to the 1Q16, from R$ 0.71 million to R$ 0.06 million, due mainly to the acknowledgment in the 1Q16 of loss in Eletropaulo's shares, classified as available for sale, which did not occur in the 2Q16 since they have appreciated.

 

Other Expenses increased by 151% relative to the 1Q16, from R$ 0.03 million to R$ 0.06 million, due mainly to the CVM annual membership fee, which is accounted for in January.

 

Financial Result

 

Net Financial Result changed from R$ 2,8 million in the 1Q16 to R$ 1.5 million in 2Q16, mainly due to Financial Investment Revenues that decreased by 30.5% relative to the 1Q16, from R$ 2,899 million to R$ 2,014 million in the 2Q16, especially due to reduction of the amount in Investment Funds.

 

 

 

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Marketletter 2Q16

 

Amazonas GT

 

The company presented, in the 2Q16, a net result 24.0% higher than in the 1Q16, from a loss of R$ 134.3 million in the 1Q16 to a loss of R$ 102.0 million in the 2Q16, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 38.9% relative to the 1Q16, from R$ 65.6 million in the 1Q16 to R$ 91.2 million in the 2Q16, mainly due to the factors described below.

 

In generation:

 

Supply Revenues increased by 33.8% relative to the 1Q16, from R$ 114.7 million to R$ 153.6 million, due mostly to the result of contracts for purchase and sale of electric energy (CCVE) with the Amazonas Distribuidora de Energia.

 

Operating Expenses

 

Operating Expenses decreased in the 2Q16 relative to the 1Q16, from R$ 136.1 million to R$ 101.8 million, mainly due to the factors described below.

 

Personnel, Materials and Services expenses increased by 19.7% relative to the 1Q16, from R$ 35.2 million to R$ 42.1 million.

 

Personnel expenses increased by 3.9% relative to the 1Q16, from R$ 29.4 million to R$ 30.6 million.

 

Materials expenses increased by 42.6%, from R$ 1.8 million to R$ 2.6 million.

 

Services Expenses increased by 126.8% relative to the 1Q16, from R$ 3.9 million to R$ 8.9 million, due to mainly to restatement of surveillance and cleaning services.

 

Fuel expenses decreased by 104.2% relative to the 1Q16, from a gross amount of R$ 129.4 million to a gross amount of R$ 5.4 million, due mainly to the deactivation of some fuel-based plants. It is worth highlighting that, as of April, only the block 4 of the Mauá thermal plant was in operation and, therefore, there was a significant decrease in fuel consumption.

 

Operating Provisions decreased by 155.1% relative to the 1Q16, from R$ 1.4 million (provision) to R$ 0.7 million (reversal), due mainly to the settlement of labor indemnifications.

 

Recovery of Expenses - System Service Charge - ESS increased by 95.1% relative to the 1Q16, from R$ 77.2 million to R$ 150.6 million, due mainly to the recording, in the 1Q16 of the deduction of PIS and Cofins on the compensation of the ESS, in the amount of R$ 32.6 million for the fiscal year of 2015.

 

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Marketletter 2Q16

 

 

Other Expenses increased by 565.3% relative to the 1Q16, from R$ 29.4 million to R$ 195.9 million, due mainly to the recording of the expenses with purchased fuel for thermal plant lessors, as of the 2Q16, pursuant to the provisions of MME Ordinance No. 015/2016.

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 63.8 million in the 1Q16 to a negative amount of R$ 77.2 million in the 2Q16, due mainly to the factors described below.

 

Revenues from Financial Investments decreased by 32.9% relative to the 1Q16, from R$ 7.4 million to R$ 5.0 million.

 

Debt Charges increased by 17.7% relative to the 1Q16, from R$ 56.8 million to R$ 66.8 million, due mainly to moratorium interest on the Contract No. 3,251/15, which, as of March, with the end of the grace period, began to be charged. The company, however, is not liquidating this liability. Debt renegotiation of this contract is under way with the Eletrobras holding company.

 

Net Monetary Variations decreased by 70.2% relative to the 1Q16, from R$ 17.1 million negative to R$ 5.1 million negative, due mainly to a reduction on the index used to update the El Paso lawsuits.

 

Other Financial Income increased by 55.2% relative to the 1Q16, from R$ 2.7 million to R$ 4.2 million, due mainly to disallowances made on invoices from energy lessors.

 

Other Financial Expenses increased by 100% relative to the 1Q16, since in the 1Q16, only an amount of R$ 0.2 million was recorded in this section and, in the 2Q16, an amount of R$ 14.4 million was recorded, due mainly to the recording of interest and fines on the PIS and the Cofins not collected in the 1Q16.

 

 

 

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Marketletter 2Q16

 

IV.3.3 Analysis Result of Distribution Companies

 

ED Amazonas Energia

 

The company presented, in the 2Q16, a net result 40.4% higher than in the 1Q16, from a loss of R$ 817 million in the 1Q16 to a loss of R$ 487.5 million in the 2Q16, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 12.3% relative to the 1Q16, from R$ 645.6 million to R$ 724.8, due mainly to the factors described below.

 

In generation:

 

Supply Revenues increased by 99% relative to the 1Q16, from R$ 76.1 million to R$ 151.5 million.

 

Short-Term Energy revenues increased by 243.82% relative to the 1Q16, from R$ 38.3 million to R$ 131.6 million, due mainly to the revenue from energy sold in the CCEE at the price of settlement of differences - PLD in February and March 2016 which was recorded in April 2016.

 

Construction Revenues increased by 100% relative to the 1Q16, from R$ 0 million to R$ 4.3 million, with no effect in the result since it has value equivalent to the construction cost.

 

In distribution:

 

Supply Revenues decreased by 4% relative to the 1Q16, from R$ 634.5 million to R$ 609.2 million, due mainly to restatement.

 

The Regulatory Assets and Liabilities account (Installement "A" - CVA) increased by 180.8% relative to the 1Q16, from R$ 15 million negative to R$ 42 million negative, due mainly to the constitution amount of negative CVA for 2016 only recorded in May 2016, since the value of the ACR acknowledged in the tariff was higher than the average tariff of contracts traded in the ACR.

 

Other Operating Revenues

 

Other Operating Revenues increased by 62.97% relative to the 1Q16, from R$ 55 million to R$ 91 million, due mainly to the accounting value of R$ 20 million related to the balance of the reduction of tariffs of March 2016 which was recorded in April 2016.

 

Operating Expenses

 

Operating Expenses decreased in the 2Q16 relative to the 1Q16, from R$ R$ 942.8 million to R$ 912.4 million, due mainly to the factors described below.

 

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Marketletter 2Q16

 

 

Personnel, Materials and Services expenses increased by 30.2% relative to the 1Q16, from R$ 122.3 million to R$ 159.3 million.

 

Personnel expenses increased by 17.21% relative to the 1Q16, from R$ 79 million to R$ 92 million, due mainly to increased medical and dental care expenses.

 

Services Expenses increased by 55.61% relative to the 1Q16, from R$ 39 million to R$ 60 million, due to mainly to costs of services for the maintenance of plants and distribution networks.

 

Expenses with Energy Purchased for Resale increased by 16.94% relative to the 1Q16, from R$ 400 million to R$ 468 million, due mainly to the cost of energy traded with the CCEE and to the Price of Settlement of Differences - PLD in February and March 2016, which was recorded in April 2016.

 

Expenses with Charges on the Usage of the Electric Network decreased by 15.56% relative to the 1Q16, from R$ 23 million to R$ 20 million, due mainly to a recording in March 2016 of previous months' invoices of the Transmission System.

 

Fuel Expenses decreased by 278.67% relative to the 1Q16, from a negative amount of R$ 88 million to a positive amount of R$ 157 million, due mainly to the acknowledgment of the compensation of the CCC.

 

Operating Provisions increased by 159.30% relative to the 1Q16, from R$ 105 million to R$ 273 million, due mainly to the provision for civil lawsuits, with emphasis on the collection from the following Independent Producers (PIES): R$ 32 million from the Companhia Energética Manauara, R$ 90 million from PIE Breitener Tambaqui and R$ 31 million from PIE Rio Amazonas Energia S/A.

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 384.9 million in the 1Q16 to a negative amount of R$ 241.4 million in the 2Q16, due mainly to the factors described below.

 

Moratorium increased by 83.51% relative to the 1Q16, from R$ 17 million to R$ 31 million, due mainly to a recording in June 2016 of a moratorium in the amount of R$ 31 million on the energy bill of arrears on energy account for the light bill settlement in installments.

 

Net Monetary Variations decreased by 367.80% relative to the 1Q16, from a negative monetary variation of R$ 1.4 million to a positive monetary variation of R$ 4 million, due mainly to the monetary update relative to the liquidation of advance payments for the purchase of generating groups in the amount of R$ 4.6 million.

 

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Marketletter 2Q16

 

Other Financial Revenues increased by 189.56% relative to the 1Q16, from R$ 159 million to R$ 460 million, due mainly to the acknowledgment of accrued interests on the CCC/CDE compensation of expenses for the acquisition of fuel until April 30th of 2016, not yet reimbursed for force of requirement of economic and energy efficiency, pursuant to article 13, proposition IX of Law 10,438/2002 updated by Law 13,299/16.

 

Other Financial Expenses increased by 34.34% relative to the 1Q16, from R$ 441 million to R$ 593 million, due mainly to updates on the debt with BR Distribuidora.

 

Shareholdings

The  result of Shareholdings presented a variation by 56.8% relative to the 1Q16, from a negative amount of R$ 135 million in the 1Q16 to a negative amount of R$ 58 million in the 2Q16, influenced by the result of the subsidiary Amazonas GT.

 

 

43

 

 
 

 

Marketletter 2Q16

 

ED Acre

 

The company presented a variation by 5.3% higher in the 2Q16 relative to the 1Q16, from a loss of R$ 56.3 million to a loss of R$ 59.3 million, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 41.1% relative to the 1Q16, from R$ 94.3 million to R$ 133.5 million, due mainly to the factors described below.

 

In distribution:

 

Supply Revenues decreased by 5.47% relative to the 1Q16, from R$ 147.6 million to R$ 139.5 million, due mainly to non-charging of tariff flags as of April.

 

CVA revenues increased by 989% relative to the 1Q16, from R$ 2.2 million negative to R$ 19.4 million, due mainly to the accounting for the CVA in the period from August 2015 to May 2016.

 

Other Revenues decreased by 40.94% relative to the 1Q16, from R$ 7.4 million to R$ 4.4 million, due mainly to the decrease in the value of the VNR revenue that is updated at the IPCA rate, which decreased in the 2Q16.

 

Operating Expenses

 

Operating Expenses increased in the 2Q16 relative to the 1Q16 from R$ 139.2 million to R$ 145.4 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 1.3% relative to the 1Q16, from R$ 22.4 million to R$ 22.7 million.

 

Personnel expenses decreased by 9.8% relative to the 1Q16, from R$ 11.2 million to R$ 10.1 million.

 

Materials Expenses increased by 15.95% relative to the 1Q16, from R$ 0.3 million to R$ 0.2 million, with no significant variation.

 

Services Expenses increased by 13.13% relative to the 1Q16, from R$ 11,0 million to R$ 12.4 million, due to mainly to on-call services and maintenance of energized lines.

 

Energy Purchased for Resale expenses decreased by 25.28% relative to the 1Q16, from R$ 70.3 million to R$ 52.6 million, due to the fact that the company is overcontracted.

 

Fuel Expenses increased by 227.83% relative to the 1Q16, from R$ 7.3 million to R$ 24.1 million, due mainly to the increase in the disallowance of acknowledgment for the compensation of the CCC.

 

44

 

 
 

 

Marketletter 2Q16

 

 

Operating Provisions decreased by 153.16% relative to the 1Q16, from R$ 9.8 million negative to a reversal of R$ 5.2 million, due mainly to reversals of provisions for doubtful accounts (PCLD) as a result of negotiations with public service clients.

 

Other Expenses increased by 146% relative to the 1Q16, from R$ 11.0 million to R$ 26.8 million, due mainly to reclassification of regulatory penalties in the amount of R$ 9,9 million that were recorded as Financial Expenses in the 1Q16, and to credit losses with customers amounted to R$ 4.2 million.

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 11.7 million in the 1Q16 to a negative amount of R$ 47.4 million in the 2Q16, mainly due to the factors described below.

 

Debt Charges increased by 69.2%, from R$ 7.6 million to R$ 12.9 million, due mainly to the non-settlement of contracts with Eletrobras Holding.

 

Moratorium increased by 84.5%, from R$ 4.0 million to R$ 7.5 million, due mainly to the increase in trading interest with the Cruzeiro do Sul municipality and the state of Acre.

 

Net Monetary Variations increased by 598%, from R$ 5.6 negative to R$ 39.1 million negative, due mainly to financial charges relative to the payment in installments of the Tax on the Circulation of Goods and Transportation and Communication Services - ICMS and penalties issued by the local revenue office (SEFAZ/AC).

 

 

 

45

 

 
 

 

Marketletter 2Q16

 

ED Alagoas

 

The company presented, in the 2Q16, a result 9.05% higher than in the 1Q16, from a loss of R$ 56.6 million to a loss of R$ 51.5 million, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue decreased by 26.2% relative to the 1Q16, from R$ 407.3 million to R$ 300.4 million due mainly to the factors described below.

 

In distribution:

 

Supply Revenues decreased by 25.23% relative to the 1Q16, from R$ 555.6 million to R$ 415.4 million, due mainly to the change in the tariff flag and the decreased energy consumption given the economic scenario.

 

CVA revenues increased by 433.3% relative to the 1Q16, from R$ 7.1 million negative to R$ 37.7 million negative, due mainly to the amortization of the CVA in the period and the period of 2015/2016 to be approved at the next rate adjustment.

 

Other Revenues increased by 33.5% relative to the 1Q16, from R$ 40.7 million to R$ 54.3 million, due mainly to reclassification and restatements.

 

Operating Expenses

 

Operating Expenses decreased relative to the 1Q16, from R$ R$ 424.3 million in the 1Q16 to R$ 312.7 million in the 2Q16, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 5% relative to the 1Q16, from R$ 55.1 million to R$ 57.9 million.

 

Personnel expenses increased by 4.6% relative to the 1Q16, from R$ 36.8 million in the 1Q16 to R$ 35.1 million in the 2Q16.

 

Materials expenses increased by 73.31% relative to the 1Q16, from R$ 0.3 million to R$ 0.5 million, due mainly to expenses with materials, cleaning and maintenance of buildings and facilities.

 

Services expenses increased by 23.9% relative to the 1Q16, from R$ 18.03 million to R$ 22.3 million.

 

Energy Purchased for Resale expenses decreased by 39.14% relative to the 1Q16, from R$ 268.2 million to R$ 163.2 million, due mainly to the smaller volume of energy purchased.

 

46

 

 
 

 

Marketletter 2Q16

 

Operating Provisions decreased by 125.69% relative to the 1Q16, from R$ 5.3 million to R$ 1.3 million, mainly due to transfer to the losses account with irrecoverable write-offs.

 

Other Expenses decreased by 8.44% relative to the 1Q16, from R$ 32.8 million to R$ 30.0 million, due mainly to reversal of provision of Inefficiency for having a surplus recorded in December 2015.

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 39.6 million in the 1Q16 to a negative amount of R$ 39.2 million in the 2Q16, with no significant variation between these quarters.

 

 

 

47

 

 
 

 

Marketletter 2Q16

 

ED Piauí

 

The company's result presented a variation by 37.1% relative to the result of the 1Q16, from a loss of R$ 147.5 million in the 1Q16 to a loss of R$ 92.9 million in the 2Q16, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 1.5% relative to the 1Q16, from R$ 302.8 million to R$ 307.4 million, due mainly to the factors described below.

 

In distribution:

 

Supply Revenues decreased by 1.75% relative to the 1Q16, from R$ 418.4 million to R$ 411.1 million, due mainly to the reduction of tariff flags.

 

CVA revenues decreased by 4.39% relative to the 1Q16, from R$ 11.4 million to R$ 10.9 million, due to the verification of the CVA deltas as a result of restatement adjustments.

 

Operating Expenses

 

Operating Expenses decreased in the 2Q16 relative to the 1Q16, from R$ R$ 388.7 million to R$ 353.0 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 10.6% relative to the 1Q16, from R$ 68.3 million to R$ 75.5 million.

 

Personnel expenses increased by 6.59% relative to the 1Q16, from R$ 44.2 million to R$ 47.1, due mostly to new hires as a consequence of insourcing.

 

Materials costs decreased by 2.59% relative to the 1Q16, from R$ 1.35 million to R$ 1.31 million, due mainly to the reduction of expenses with materials for maintenance of the distribution network.

 

Services expenses increased by 19.32% relative to the 1Q16, from R$ 22.7 million to R$ 27.1 million, due mainly to an increase in expenses with contracts for consumption measurement and invoicing and delivery of bills.

 

Energy Purchased for Resale expenses increased by 2.88% relative to the 1Q16, from R$ 211.4 million to R$ 217.4 million, due mainly to an increase in short-term energy caused by the elevation of involuntary exposure.

 

Expenses with Charges on the Usage of the Electric Network decreased by 28.55% relative to the 1Q16, from R$ 30.7 million to R$ 22.0 million, due mainly to a reduction in the system service charge.

 

48

 

 
 

 

Marketletter 2Q16

 

 

Operating Provisions decreased by 974.52% relative to the 1Q16, from a negative amount of R$ 12.9 million to a positive amount of R$ 112.8 million, due mainly to transfer of provisions from the Doubtful Accounts (PCLD) to losses with irrecoverable write-offs. The utilities class stands out, especially the AGESPISA.

 

Other Expenses increased by 300.84% relative to the 1Q16, from R$ 29.2 million to R$ 117.2 million, due to the write-off of invoices for losses on credit receivables, which were previously classified as doubtful accounts, as mentioned above.

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 61.6 million in the 1Q16 to a negative amount of R$ 47.2 million in the 2Q16, due mostly to the factors described below.

 

Debt Charges decreased by 21.5% relative to the 1Q16, from R$ 54.4 million to R$ 42.7 million, due mostly to the reversal of the charges on renegotiated contracts in the 2Q16 whose value was incorporated into the balance due.

 

Moratorium increased by 11.33% relative to the 1Q16, from R$ 17.4 million to R$ 19.4 million, due mainly to an upgrade of consumer credits by means of a campaign for regularization of debts in installments.

 

Net Monetary Variations decreased by 32.38% relative to the 1Q16, from R$ 22.7 million negative to R$ 15.3 million negative, due mainly to a major upgrade of taxes in the 1Q16. In the 2Q16 all accrued taxes were set in installments.

 

The update of Regulatory Assets decreased by 83.65% relative to the 1Q16, from R$ 4.2 million to R$ 0.7 million, due mainly to the adjustment in the calculation of amortization of CVA and Financial Items.

 

Other Financial Expenses increased by 53.48% relative to the 1Q16, from R$ 6.1 million to R$ 9.3 million, due mainly to default with suppliers.

 

 

 

49

 

 
 

 

Marketletter 2Q16

 

ED Rondônia

 

The company presented a result 319.26% lower than in the 1Q16, from a loss of R$ 25.0 million to a loss of R$ 104.9 million, mainly due to the factors described below.

 

Operating Revenue

 

Net Operating Revenue decreased by 10.3 relative to the 1Q16, from R$ 407.1 million to R$ 448.8 million, due mainly to the factors described below.

 

Supply Revenues decreased by 4.4% relative to the 1Q16, from R$ 445 million to R$ 425.6 million, showing no significant variation.

 

CVA Revenues increased by 4.3% relative to the 1Q16, from R$ 108.9 million to R$ 113.7 million, showing no significant variation.

 

Construction Revenues increased by 96.0%, from R$ 35.9 million to R$ 70.3 million, but with no effect on the result since it has equivalent value at the cost of construction.

 

Operating Expenses

 

Operating Expenses decreased in the 2Q16 relative to the 1Q16, from R$ R$ 364.9 million to R$ 475.2 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses decreased by 5.7% relative to the 1Q16, from R$ 63.8 million to R$ 60.1 million.

 

Personnel expenses decreased by 2.0% relative to the 1Q16, from R$ 30.4 million to R$ 29.8 million, showing no significant variation.

 

Services Revenues decreased by 9.0% relative to the 1Q16, from R$ 31.9 million to R$ 29 million, showing no significant variation.

 

Energy Purchased for Resale expenses increased by 52.6% relative to the 1Q16, from R$ 208.1 million to R$ 317.5 million, due mainly to the reduction of expense recoveries on the CCC, considering that the cost of the MWh in the Bilateral contract with the Termonorte II was below average ACR, leading to a verification of negative repayment.

 

Other Expenses decreased by 88% relative to the 1Q16, from R$ 33.3 million to R$ 4.0 million, due mainly to the acknowledgement of the New Replacement Value revenue based on base pay update approved by ANEEL in the last rate adjustment regulated by Law 12,783/2013.

 

 

50

 

 
 

 

Marketletter 2Q16

 

Financial Result

 

Net Financial Result changed from a negative amount of R$ 67.2 million in the 1Q16 to a negative amount of R$ 78.5 million in the 2Q16, mainly due to the factors described below.

 

Revenues from Financial Investments increased by 100.1% relative to the 1Q16, from R$ 1.1 million to R$ 2.2 million.

 

Net Monetary Variations decreased by 67.3% relative to the 1Q16, from a negative amount of R$ 11.3 million to a negative amount of R$ 3.7 million, due mainly to the reduction in negative monetary adjustments and the increase in positive monetary adjustments corresponding to installments of debt negotiations with customers.

 

The Update of Regulatory Liabilities (CVA) decreased by 84,8% relative to the 1Q16, from a negative amount of R$2.6 million to a negative amount of R$ 0.4 million, due to the monthly amortizations performed in the quarter.

 

Other Financial Revenues presented a result 19.8% lower relative to the 1Q16, from R$ 111.1 million to R$ 89.1 million, due to mainly to the calculation of PIS and COFINS on the updates of rights reimbursements to cover the Debt Acknowledgement Agreement with Eletronorte.

 

 

 

51

 

 
 

 

Marketletter 2Q16

 

ED Roraima

 

The company presented, in the 2Q16, a result lower than in the 1Q16, from a loss of R$ 66.1 million in the 1Q16 to a loss of R$ 82.9 million in the 2Q16, due mainly to the factors described below.

 

Operating Revenue

 

Net Operating Revenue increased by 1.3% relative to the 1Q16, from R$ 65.5 million to R$ 66.3 million, due mainly to the factors described below.

 

In generation:

 

Supply revenues increased by 20.4% relative to the 1Q16, from R$ 6.9 million to R$ 8.3 million.

 

In distribution:

 

Supply Revenues decreased by 6.81% relative to the 1Q16, from R$ 72.2 million to R$ 67.3 million.

The Regulatory Assets and Liabilities account (Installment ''A'' - CVA) did not have variations between the quarters.

 

Other Operating Revenues

 

Other Operating Revenues decreased by 4.3% relative to the 1Q16, from R$ 2.2 million to R$ 2.1 million, showing no significant variation.

 

Operating Expenses

 

Operating Expenses increased relative to the 1Q16, from R$ R$ 111.4 million to R$ 141.2 million, due mainly to the factors described below.

 

Personnel, Materials and Services expenses increased by 8% relative the 1Q16, from R$ 20.8 million to R$ 22.4 million.

 

Personnel expenses increased by 7.9% relative to the 1Q16, from R$ 17.3 million to R$ 18.6 million, due to mostly to insourcing.

 

Materials expenses decreased by 122.1% relative to the 1Q16, from R$ 0.26 million to a reversal of R$ 0.06 million, due to restatement.

 

Services Expenses increased by 18.4% relative to the 1Q16, from R$ 3.3 million to R$ 3.9 million, especially expenses with legal publications services.

 

Expenses with Energy Purchased for Resale decreased by 5.9% relative to the 1Q16, from R$ 47.8 million to R$ 45 million, due to the small volume of energy imported from Venezuela through Eletronorte.

52

 

 
 

 

Marketletter 2Q16

 

Fuel Expenses increased by 116% relative to the 1Q16, from R$ 21.6 million to R$ 46.7 million, due mainly to the need for additional power generation for sale, due to lower energy imports from Venezuela, as mentioned above.

 

Operating Provisions increased by 10.6% relative to the 1Q16, from a loss of R$ 14.7 million to R$ 16.3 million.

 

Financial Result

 

Net Financial Result improved by 60.3%, from a negative amount of R$ 20.2 million in the 1Q16 to a negative amount of R$ 8 million in the 2Q16.

 

Revenues from Financial Investments increased by 258% relative to the 1Q16, from R$ 0.4 million negative to R$ 0.6 million positive due to restatement.

Debt Charges increased by 101.7% relative to the 1Q16, from R$ 1.5 million to R$ 3.1 million, due to mainly to financing debts with Eletrobras.

 

Moratorium decreased by 72% relative to the 1Q16, from R$ 18.4 million to R$ 5.2 million.

 

Other Financial Revenues decreased by 25.4% relative to the 1Q16, from R$ 4.2 million to R$ 3.1 million, due mainly to restatements.

 

53

 

 
 

 

Marketletter 2Q16

 

V. Market Data of Eletrobras Companies

 

V.1 Installed Capacity – MW

 

Empresas Company

Integral Responsability (a)

Integral Responsability under O&M Regime (b)

SPE (c)

SPE under O&M Regime (d)

Physical Aggregation 2016

Total (a+b+c+d)

Eletrobras Holding(1)

-

-

202

-

189

202

Eletronorte

9,281

78

121

-

1

9,480

Chesf

2,214

8,399

1,251

-

348

11,864

Furnas

4,212

4,617

2,161

403

254

11,393

Eletronuclear

1,990

-

-

-

-

1,990

Eletrosul

476

-

1,203

-

99

1,679

CGTEE

670

-

-

-

-

670

Itaipu Binacional

7,000

-

-

-

-

7,000

Amazonas GT

1,299

-

-

-

-264

1,299

Distribution Companies

440

-

-

-

-

440

Total

27,582

13,094

4,937

403

626

46,016

(1) The Artilleros Wind farm was not considered, because it is na enterprise located abroad.

 

 

V.2 Transmission Lines - Km

 

Company

Integral Responsability (a)

Integral Responsability under O&M Regime (b)

SPE (c)

Physical Aggregation 2016

Total (a+b+c)

Eletronorte

754

10,084

2,072

62

12,910

Chesf

1,281

18,946

1,668

500

21,894

Furnas

1,328

18,759

1,546

358

21,632

Eletrosul

1,383

9,426

1,088

90

11,897

Amazonas GT

439

-

-

-

439

Distribution Companies

374

-

-

52

374

Total

5,558

57,215

6,373

1,062

69,146

 

 

54

 

 
 

 

Marketletter 2Q16

 

VI. Generation Data – Asset under Integral Responsability

 

VI.1 Installed Capacity - MW

 

VI.1.2 Generation Assets and Generated Energy

 

VI.1.2.1 Generation Assets and Generated Energy – Enterprises under Integral Responsability

 

Company

Enterprise

Location (State)

Beginning of Operation

End of Operation

Intalled Capacity (MW)

Energy Assured (Average MW)

Generated Energy - MWh

1Q16

 

2Q16

Eletronorte

Complexo de Tucuruí

PA

Nov/84

Jul/24

8,535.00

4,140.00

8,805,785.48

7,855,727.30

HPU Samuel

RO

Jul/89

Sep/29

216.75

92.70

91,832.13

177,220.68

HPU Curuá-Una

PA

Apr/77

Jul/28

30.30

24.00

30,945.77

59,328.28

TPU Rio Madeira(1)

RO

Apr/68

Sep/18

119.35

-

-

-

TPU Santana

AP

Mar/93

May/19

177.74

-

4,297.35

-

TPU Rio Branco I(2)

AC

Feb/98

Jul/20

18.65

-

-

-

TPU Rio Branco II(2)

AC

Apr/81

Jul/20

32.75

-

-

-

TPU Rio Acre

AC

Dec/94

Abr/25 

45.49

-

-

-

TPU – Santarém

PA

Jun/14

(4)

18.75

-

751.03

130.09

TPU Senador Arnon Afonso Farias de Mello(3)

RR

1st Unit (mach. 2) dec/90;
2nd Unit (mach. 1) jun/91;
3rd Unit (mach. 3) dec/93

Aug/24

85.99

-

-

-

Chesf

Curemas

PB

Jun/57

Nov/24

3.52

1.00

0.01

0.00

Sobradinho

BA

Apr/79

Feb/52

1,050.30

531.00

370,501.43

389,763.98

Camaçari(5)

BA

Feb/79

Aug/27

346.80

45.80

11,924.42

0.00

Furnas

Mascarenhas de Moraes

MG

Apr/73

Oct/23

476.00

295.00

139,809.28

320,224.31

Itumbiara

GO/MG

Feb/80

Feb/20

2,082.00

1,015.00

586,925.51

1,249,001.46

Simplício(8)

RJ

Jun/13

Aug/41

305.70

175.40

277,837.41

170,049.07

Batalha

MG

May/14

Aug/41

52.50

48.80

23,342.12

34,123.36

Serra da Mesa (48.46%)(6)

GO

Apr/98

Nov/39

1,275.00

671.00

722,992.60

831,069.41

Manso (70%)(6)

MT

Oct/00

Feb/35

212.00

92.00

217,603.71

142,129.40

Santa Cruz(7)

RJ

Mar/67

Jul/15

500.00

401.20

704,804.13

453,909.47

Roberto Silveira (Campos)

RJ

Apr/77

Jul/27

30.00

21.00

16,340.84

129.76

Eletronuclear

Angra I

RJ

Jan/85

Dec/24

640.00

509.80

1,405,740.06

1,205,129.21

Angra II

RJ

Sep/00

Aug/40

1,350.00

1,204.70

2,952,960.82

2,968,983.88

Eletrosul

HPU Mauá(9)

PR

Nov/12

Jul/42

177.93

96.90

380,794.00

301,610.35

HPU Passo São João

RS

Mar/12

Aug/41

77.00

41.10

125,326.00

106,211.77

HPU São Domingos

MS

Jun/13

Dec/37

48.00

36.40

93,120.30

57,809.45

SHU Barra do Rio Chapéu

SC

Feb/13

May/34

15.15

8.61

24,285.10

18,691.56

SHU João Borges

SC

Jul/13

Dec/35

19.00

10.14

24,807.90

18,618.04

Wind Farm Cerro Chato I

RS

Jan/12

Aug/45

30.00

11.33

19,829.07

23,343.54

Wind Farm Cerro Chato II

RS

Aug/11

Aug/45

30.00

11.33

20,163.80

24,032.06

Wind Farm Cerro Chato III

RS

Jun/11

Aug/45

30.00

11.33

20,132.42

23,783.89

WPP Coxilha Seca

RS

Dec/15

May/49

30.00

11.69

22,393.40

28,064.74

 

WPP Capão do Inglês

RS

Dec/15

May/49

10.00

3.90

7,279.90

9,401.06

 

WPP Galpões

RS

Dec/15

May/49

8.00

3.12

5,822.70

7,861.61

 

Megawatt Solar

SC

Sep/14

-

0.93

NA

38.00

87.97

CGTEE

P. Médici (Candiota)

RS

Jan/74

Jul/15

320.00

39.86

183,512.40

247,771.61

Candiota III – Fase C

RS

Jan/11

Jul/41

350.00

221.06

470,856.22

336,289.40

S. Jerônimo (Candiota)

RS

Apr/53

Jul/15

0.00

0.00

-

0.00

Nutepa (Candiota)

RS

Feb/68

Jul/15

0.00

0.00

-

0.00

Itaipu Binacional

Itaipu Binacional

PR

Mar/85

-

14,000.00

8,577.00

25,631,062.00

26,006,172.00

Amazonas GT

HPU Balbina

AM

Jan/89

Mar/27

249.75

132.30

115,560.06

106,664.80

TPU Aparecida

AM

Feb/84

Jul/20

282.48

186.00

269,990.11

236,702.70

TPU Mauá

AM

Apr/73

Jul/20

502.16

179.80

234,991.64

164,768.20

TPU São José

AM

Feb/08

Aug/16

73.40

50.00

50,127.36

43,214.03

TPU Flores

AM

Feb/08

Aug/16

124.70

80.00

31,512.81

68,431.19

TPU Iranduba

AM

Nov/10

Aug/16

66.6

25

38,514.74

54,413.68

 

55

 

 
 

 

Marketletter 2Q16

 

(1) Order No. 223 of 01.28.2014 ANEEL declares as unserviceable assets of TPU Rio Madeira.

(2) Order No. 136 of 01.21.2014 ANEEL, recommends the MME extinction of the public service commitment of TPUs Rio Branco I and Rio Branco II.

(3) Ceded in lending for Boa Vista Energy from February 10, 2010.

(4) MME Ordinance No. 454 of 12/23/2013, provides that the deadline will be until it comes into operation a structural solution to supply the loads of Tramo West, constant in the study EPE-DEE-AED-RE-005/2013 Company Energy-EPE Research.

(5) The listed capacity is 5 machines totaling 346.803 MW. The plant is bi-fuel (oil and gas). We were asked to cancel the award of the thermal plant Camaçari, whose process is in the MME for deliberation. Because of Aneel DSP No. 4792 Order of December 15, 2014, as well as ANEEL No. 247 of February 3, 2015, the plant is operating only with the generating unit No. 3 with 69.12 MW of power . The installed capacity will be adjusted upon cancellation definitively by Aneel.

(6) HPP's shared, but FURNAS adiquire the partner fraction through power purchase agreements - considered GF and Total gerção each HPP.

(7) The power of 500 MW excludes GU 3:04 whose commercial operation is temporarily suspended by Aneel, as Order No 3263 of 19 October 2012. It includes, however, the power of 150 MW not available due the delay in the plant expansion works at the end of which the GU 11:21 operate in combined cycle with GU 1 and 2. the physical guarantee (assured energy) of 401.2 MW is on the installed capacity of 500 MW.

(8) 175.40 MW average correspond to physical guarantee Simplicio only. The Simplicio Tapir complex will have 191.30 MW of assured power when Anta is in commercial operation.

(9) The amounts reported refer to the Company's stake in the venture (Consortium Mauá 49% Eletrosul).

 

 

 

VI.1.2.2 Generation Assets and Generated Energy – Enterprises under Integral Responsibility – O&M

 

Company

Enterprise

Location (State)

Beginning of Operation

End of Operation

Intalled Capacity (MW)

Energy Assured (Average MW)

Generated Energy (MWh)

1Q16

2Q16

Eletronorte

HPU Coaracy Nunes

AP

Oct/75

Dec-42

78.0

62.6

137,835.11

154,362.50

Chesf

Funil

BA

Mar/62

Dec/42

30.00

10.91

2,604.23

-

Pedra

BA

Apr/78

Dec/42

20.01

3.74

13,366.99

3,481.18

Araras

CE

Feb/67

Jul/15

4.00

0.03

-

-

Paulo Afonso Complex

BA

Jan/55

Dec/42

4,279.60

2,225.00

1,843,824.52

1,749,017.54

Luiz Gonzaga (Itaparica)

PE

Feb/88

Dec/42

1,479.60

959

813,768.06

770,196.75

Boa Esperança (Castelo Branco)

PI

Jan/70

Dec/42

237.30

143

271,241.36

218,826.27

Xingó

SE

Apr/94

Dec/42

3,162.00

2,139.00

2,129,035.28

1,999,317.64

Furnas

Furnas

MG

Mar/63

Dec/42

1,216.00

598

209,317.51

480,994.99

Luis Carlos Barreto (Estreito)

SP/MG

Jan/69

Dec/42

1,050.00

495

317,249.37

522,227.48

Porto Colômbia

MG/SP

Mar/73

Dec/42

320.00

185

363,708.13

305,881.68

Marimbondo

SP/MG

Apr/75

Dec/42

1,440.00

726

1,856,133.86

1,336,137.81

Funil

RJ

Apr/69

Dec/42

216.00

121

257,836.21

137,780.91

Corumbá I

GO

Apr/97

Dec/42

375.00

209

389,752.01

336,984.42

Eletronuclear

-

-

-

-

-

-

-

-

Eletrosul

-

-

-

-

-

-

-

-

CGTEE

-

-

-

-

-

-

-

-

Itaipu Binacional

-

-

-

-

-

-

-

-

 

VI.1.3.Energy Sold

 

VI.1.3.1 Energy Sold by enterprises not renewed by 12,783/13 Law

 

Company

Buyer

1Q16

2Q16

R$ Million

MWh

R$ Million

MWh

Eletronorte

Eletrobras System

131.73

653,014.32

129.71

639,086.45

Others

803.38

5,328,219.86

767.60

5,139,327.88

Chesf

Eletrobras System

0.00

0.00

0.00

0.00

Others

224.80

1,828,519

225.10

1,615,944.28

Furnas

Eletrobras System

85.32

378,756

90.21

397,127.56

Others

802.39

3,729,292

736.44

3,463,328.85

Eletronuclear

Eletrobras System

32.20

154,453.19

32.20

154,523.94

Others

683.32

3,277,694

683.32

3,279,194.99

Eletrosul

Eletrobras System

-

-

-

-

Others

99.62

529,343

97.46

508,265.52

CGTEE

Eletrobras System

139.12

712,679.18

128.23

702,714.96

Others

-

-

-

-

Itaipu Binacional

Eletrobras System

846.72

22,388,370.00

882.25

23,310,105.00

Others

102.78

3,060,479

76.036425

2,508,398

Amazonas GT

Eletrobras System

114.70

733,046.90

153.61

871,901.91

Others

0.00

-

-

-

 

56

 

 
 

 

Marketletter 2Q16

 

 

VI.1.3.2 Energy Sold by enterprises renewed by 12,783/13 Law – O&M

 

Company

Buyer

1Q16

2Q16

R$ Million

MWh

R$ Million

MWh

Eletronorte

Eletrobras System

0.26

10,187

0.28

11,442.76

Others

3.20

126,937

3.54

142,236.79

Chesf

Eletrobras System

26.60

919,624

26.60

919,203.33

Others

293.60

10,791,102

293.30

10,786,163.09

Furnas

Eletrobras System

15.66

402,650

15.98

402,466.16

Others

183.74

4,724,802

187.48

4,722,639.28

Eletronuclear

Eletrobras System

-

-

 

 

Others

-

-

 

 

Eletrosul

Eletrobras System

-

-

 

 

Others

-

-

 

 

CGTEE

Eletrobras System

-

-

 

 

Others

-

-

 

 

Itaipu Binacional

Eletrobras System

-

-

 

 

Others

-

-

 

 

Amazonas GT

Eletrobras System

-

-

 

 

Others

-

-

 

 

VI.1.3.3 CCEE Settlement (Spot and MRE)

Company

Net

R$ Million

MWh

R$ Million

MWh

1Q16

1Q16

2Q16

2Q16

Eletronorte

95.01

2,550,023.85

78.51

1,718,866.90

Chesf

-22.42

-64,103.47

13.51

-2,981.80

Furnas

-163.53

-

60.86

-

Eletronuclear

-

-

-

-

Eletrosul

-0.69

239,685.48

-0.87

98,279.70

CGTEE

7.08

123,435.32

8.87

68,705.74

Itaipu Binacional

n/a

n/a

n/a

n/a

Amazonas GT

52.49

40,446.49

138.92

-12,071.05

 

57

 

 
 

 

Marketletter 2Q16

 

VI.1.4 Energy purchased for Resale*

Company

Buyer

1Q16

2Q16

R$ Million

MWh

R$ Million

MWh

Eletronorte

Eletrobras System

-

-

-

-

Others

44.82

275,600.00

38.92

263,802.00

Chesf

Eletrobras System

-

-

-

-

Others

70.48

444,857.26

80.68

467,261.66

Furnas

Eletrobras System

-

-

-

-

Others

136.46

832,254.23

151.72

831,876.82

Eletronuclear

Eletrobras System

n/a

n/a

n/a

n/a

Others

n/a

n/a

n/a

n/a

Eletrosul

Eletrobras System

71.48

356,819.55

70.13

356,656.25

Others

-

-

-

-

CGTEE

Eletrobras System

51.48

294,975.00

47.25

294,840.00

Others

-

-

-

-

Itaipu Binacional

Eletrobras System

n/a

n/a

n/a

n/a

Others

n/a

n/a

n/a

n/a

Amazonas GT

Eletrobras System

-

-

-

-

Others

-

-

-

-

*Energy purchased for resale reported in the table above refers exclusively to energy purchased by each Eletrobras Company without considering the energy purchased by SPEs that are subsidiaries of these companies. The analysis of IV.3.2 item considers the energy purchased for resale consolidated, due to this reason ther is difference between values.

 

 

VI.1.5 Average Rate

 

VI.1.5.1 Enterprises not renewed by 12,783/13 Law

 

Eletrobras Companies

1Q16

2Q16

Eletronorte

156.34

154.18

Chesf

123.49

139.33

Furnas

216.09

214.13

Eletronuclear

208.48

208.38

Eletrosul

188.19

191.76

CGTEE

194.75

182.47

Itaipu Binacional (1)

22.60

22.60

Amazonas GT

169.25

169.25

(1) Amounts in U$/Kw.

 

VI.1.5.2 Enterprises renewed by 12,783/13 Law – O&M 

 

Eletrobras Companies

1Q16

2Q16

Eletronorte

25.17

24.89

Chesf

28.00

27.33

Furnas

38.89

39.70

Eletronuclear

n/a

n/a

Eletrosul

n/a

n/a

CGTEE

n/a

n/a

Itaipu

n/a

n/a

Amazonas GT

n/a

n/a

 

58

 

 
 

 

Marketletter 2Q16

 

VI.1.6 Fuel used by Electric Energy Production*

Eletrobras Companies

Type

Unit

1Q16

2Q16

Amount

R$ Million

Amount

R$ Million

Eletronorte

Special Diesel Oil

Litre

1,107,000

3.7

-

-

Chesf

Diesel Oil

Litre

-

-

-

-

Gas

m3

4,141,057

7.80

-

-

Furnas

Special Diesel Oil

Litre

-

-

-

-

Fuel Oil B1

Ton

-

-

-

-

Diesel Oil

Litre

-

-

-

-

Gas

m3

354,282,168

141.62

164,373,673

103.52

Eletronuclear

Uranium

kg

103,561

96.90

102,727

96.12

Eletrosul

n/a

n/a

n/a

n/a

n/a

n/a

CGTEE

Coal

Ton

746,831

34.46

663,970

30.62

Fuel Oil

kg

3,185,880

5.63

5,436,160

9.24

Diesel Oil

Litre

16,600

0.04

-

-

Itaipu Binacional

n/a

n/a

n/a

n/a

n/a

n/a

Amazonas GT

Diesel Oil

Litre

35,905,308

129.40

3,368,524

-5.50

*Net of taxes

 

 

59

 

 
 

 

Marketletter 2Q16

 

VII. Transmission – Assets under Integral Responsibility

 

VII.1 – Transmission Lines Extension

 

VII.1.1 Transmission Lines Extension – Enterprises not renewed by 12,783/13 Law – O&M - Km

 

Eletrobras Companies

765 KV

600 KV

525 KV

500 KV

440 KV

345 KV

230 KV

138 KV

<138 KV

Total

Eletronorte

-

-

-

-

-

-

754

-

-

754

Chesf

-

-

-

-

-

-

1,281

-

-

1,281

Furnas

-

-

-

844

-

161

-

-

323

1,328

Eletrosul

-

-

1,047

-

-

-

295

28

12

1,383

Amazonas GT

-

-

-

-

-

-

439

-

-

439

Amazonas Energia

-

-

-

-

-

-

-

-

374

374

Total

-

-

1,047

844

-

161

2,769

28

709

5,558

 

 VII.1.2 Transmission Lines Extension – Enterprises renewed by 12,783/13 Law - Km

 

Eletrobras Companies

765 KV

600 KV

525 KV

500 KV

440 KV

345 KV

230 KV

138 KV

<138 KV

Total

Eletronorte

-

-

-

3,243

-

-

5,679

959

203

10,084

Chesf

-

-

-

5,372

-

-

12,800

463

311

18,946

Furnas

2,698

1,612

-

4,005

-

6,145

1,929

2,205

165

18,759

Eletrosul

-

-

2,722

-

-

-

4,800

1,848

56

9,426

Amazonas GT

-

-

-

-

-

-

-

-

-

-

Amazonas Energia

-

-

-

-

-

-

-

-

-

-

Total

2,698

1,612

2,722

12,620

-

6,145

25,208

5,475

735

57,215

 

VII.2 Transmission Losses - %   

 

Eletrobras Companies

1Q16

2Q16

Eletronorte

1.28%

1.28%

Chesf

2.58%

3.21%

Furnas

2.14%

2.29%

Eletrosul

1.55%

1.34%

 

VII.3 Substation   

 

VII.3.1 Substation  - Eneterprises renewed in terms of 12,783/13 Law

 

 

Eletrobras Companies

SS

Transformation Capacity (MVA)

Location (State)

Beginning of Operation

End of Concession

Eletronorte

Altamira

120.3

PA

Jun/98

Dec/42

Cametá

23.6

PA

Aug/98

Dec/42

Carajás

0.3

PA

Nov/06

Dec/42

Guamá

454.0

PA

Dec/81

Dec/42

Marabá

1,063.8

PA

Oct/81

Dec/42

Rurópolis

300.6

PA

Dec/98

Dec/42

Santa Maria

500.2

PA

Sep/95

Dec/42

Tucuruí

969.0

PA

Oct/81

Dec/42

Transamazônica

60.3

PA

Dec/98

Dec/42

Tucuruí-Vila

58.4

PA

Jun/99

Dec/42

Utinga

602.0

PA

Dec/81

Dec/42

Vila do Conde

3,817.4

PA

Dec/81

Dec/42

Integradora

-

PA

Jul/13

Dec/42

São Luis I

401.7

MA

Dec/82

Dec/42

São Luis II

2,829.0

MA

Dec/82

Dec/42

Miranda II

500.6

MA

Jun/98

Dec/42

Peritoró

300.1

MA

Dec/82

Dec/42

Presidente Dutra

721.0

MA

Dec/82

Dec/42

Coelho Neto

130.0

MA

Jan/00

Dec/42

Imperatriz

1,842.2

MA

Dec/82

Dec/42

Porto Franco

399.0

MA

Feb/94

Dec/42

Colinas

1.5

TO

Mar/99

Dec/42

Miracema

362.5

TO

Mar/99

Dec/42

Barra do peixe

150.6

MT

Nov/93

Dec/42

Couto Magalhães

15.1

MT

Oct/81

Dec/42

Coxipó

571.2

MT

Jul/87

Dec/42

Jauru

600.5

MT

Jun/03

Dec/42

Nova Mutum

60.6

MT

Sep/96

Dec/42

Rondonopolis

400.9

MT

Jul/83

Dec/42

Sinop

356.0

MT

Sep/96

Dec/42

Sorriso

60.6

MT

Sep/96

Dec/42

Epitaciolândia

22.1

AC

Mar/08

Dec/42

SSna Madureira

18.8

AC

Oct/08

Dec/42

Rio Branco

423.0

AC

Nov/12

Dec/42

Ariquemes

120.3

RO

Aug/94

Dec/42

Ji-Paraná

380.6

RO

Sep/94

Dec/42

Porto Velho

525.6

RO

Jul/89

Dec/42

Abunã

110.6

RO

May/02

Dec/42

Samuel

0.3

RO

Jul/89

Dec/42

Pimenta Bueno

110.6

RO

Jun/08

Dec/42

Vilhena

120.6

RO

Oct/08

Dec/42

Jaru

30.2

RO

Sep/97

Dec/42

Coaracy Nunes

40.1

AP

Nov/75

Dec/42

Portuária

20.0

AP

Apr/96

Dec/42

Amapá

10.1

AP

Dec/01

Dec/42

Tartarugalzinho

40.2

AP

Jun/00

Dec/42

Calçoene

10.1

AP

May/02

Dec/42

Santana

120.5

AP

Oct/75

Dec/42

Santa Rita

80.0

AP

Dec/07

Dec/42

Equatorial

80.0

AP

Aug/00

Dec/42

Macapá II

53.4

AP

Nov/96

Dec/42

Boa Vista

301.7

RR

Jul/01

Dec/42

Chesf

SS Lifting Apolonio Sales Plant

480.0

AL

Feb-77

Dec-42

SS Lifting Luiz Gonzaga Plant

1,665.0

PE

May-88

Dec-42

SS Lifting Paulo Afonso I Plant

202.5

BA

Jan-55

Dec-42

SS Lifting Paulo Afonso II Plant

495.0

BA

Jan-62

Dec-42

SS Lifting Paulo Afonso III Plant

960.0

BA

Jan-71

Dec-42

SS Lifting Paulo Afonso IV Plant

2,700.0

BA

Nov-79

Dec-42

SS Lifting Piloto Plant

3.0

BA

Jan-53

Dec-42

SS Lifting Xingó Plant

3,330.0

SE

Nov-94

Dec-42

SS Lifting Araras Plant

5.0

CE

Feb-60

Dec-42

SS Lifting B. Esperança Plant

280.0

PI

Mar-70

Dec-42

SS Lifting Funil Plant

43.2

BA

Jan-59

Dec-42

SS Lifting Pedra Plant

27.0

BA

Nov-78

Dec-42

SS Pau Ferro

301.0

PE

Aug-02

Dec-42

SS Paraiso

200.0

RN

Feb-04

Dec-42

SS Bom Nome

388.0

PE

Oct-63

Dec-42

SS Irecê

229.0

BA

Sep-81

Dec-42

SS Milagres

2,120.0

CE

Jan-64

Dec-42

SS Mirueira

401.0

PE

Aug-78

Dec-42

SS Moxotó

20.0

BA

Jan-72

Dec-42

SS Mulungú

10.0

BA

May-75

Dec-42

SS Pilões II

-

PB

Oct-12

Dec-42

SS Coteminas

-

PB

Dec-09

Dec-42

SS Brotas de Macaubas

-

BA

Jul-12

Dec-42

SS Tacaratu(1)

-

PE

Dec-14

Dec-42

SS Quixerê(1)

-

CE

Nov-14

Dec-42

SS Campo Formoso

-

BA

Dec-15

Dec-42

SS Jaguarari

-

BA

Jan-80

Dec-42

SS Sapeaçu

-

BA

May-03

Dec-42

SS Sobradinho

900.0

BA

Oct-79

Dec-42

SS Sobral II

400.0

CE

Nov-73

Dec-42

SS Tacaimbó

301.0

PE

Jun-85

Dec-42

SS Cícero Dantas

101.0

BA

May-56

Dec-42

SS Açu II

378.0

RN

Nov-89

Dec-42

SS Angelim

310.0

PE

Jan-56

Dec-42

SS Angelim II

-

PE

Jan-80

Dec-42

SS Bongi

530.0

PE

May-56

Dec-42

SS Campina Grande II

410.0

PB

May-64

Dec-42

SS Itapebi

-

BA

Jan-03

Dec-42

SS Funil

550.0

BA

Jan-56

Dec-42

SS Senhor Do Bonfim II

433.3

BA

May-81

Dec-42

SS Eunápolis

400.0

BA

Sep-98

Dec-42

SS Picos

173.0

PI

Jul-92

Dec-42

SS Modelo Reduzido

12.5

BA

Jan-67

Dec-42

SS Mossoró II

400.0

RN

Jan-77

Dec-42

SS Barreiras

401.0

BA

Jun-96

Dec-42

SS Sto. Antonio de Jesus

301.0

BA

Mar-97

Dec-42

SS Icó

200.0

CE

May-97

Dec-42

SS Mussuré II

401.0

PB

Mar-79

Dec-42

SS Paulo Afonso

-

AL

Mar-74

Dec-42

SS Penedo

302.0

AL

May-97

Dec-42

SS Cauípe

201.0

CE

Mar-01

Dec-42

SS Pici II

400.0

CE

May-05

Dec-42

SS Piripiri

330.0

PI

Aug-73

Dec-42

SS Pituaçu

402.0

BA

Mar-83

Dec-42

SS Santa Cruz II

100.0

RN

Mar-63

Dec-42

SS Banabuiú

121.0

CE

Jan-64

Dec-42

SS Currais Novos II

92.0

RN

Nov-75

Dec-42

SS Santana dos Matos II

50.0

RN

Nov-75

Dec-42

SS Coremas

300.0

PB

Dec-90

Dec-42

SS Fortaleza

405.0

CE

Jan-64

Dec-42

SS Joairam

451.0

PE

Jul-06

Dec-42

SS Juazeiro da Bahia II

402.0

BA

Apr-81

Dec-42

SS Matatu

380.0

BA

Jan-65

Dec-42

SS Natal II

401.0

RN

Jan-79

Dec-42

SS Itabaianinha

173.0

SE

Feb-96

Dec-42

SS Pirapama II

400.0

PE

Feb-72

Dec-42

SS Russas II

300.0

CE

Nov-82

Dec-42

SS Elizeu Martins

101.0

PI

Jan-06

Dec-42

SS Boa Esperança 230 Kv

127.0

PI

Mar-70

Dec-42

SS Boa Esperança 500 Kv

300.0

PI

Nov-80

Dec-42

SS Xingó 500 Kv

-

SE

Nov-94

Dec-42

SS Paulo Afonso IV

1,200.0

AL

Jan-79

Dec-42

SS Recife II

2,410.0

PE

Jan-79

Dec-42

SS S. João do Piaui

418.0

PI

Nov-80

Dec-42

SS Zebu

38.0

AL

Nov-76

Dec-42

SS Abaixadora

110.0

BA

Oct-67

Dec-42

SS Bom Jesus da Lapa

162.0

BA

Sep-81

Dec-42

SS Gov. Mangabeira

200.0

BA

Mar-60

Dec-42

SS Quixadá

-

CE

Jul-03

Dec-42

SS Jacaracanga

301.0

BA

Jan-82

Dec-42

SS Ribeirão

300.0

PE

Oct-94

Dec-42

SS Rio Largo II

301.0

AL

Dec-62

Dec-42

SS Messias

1,201.0

AL

Nov-94

Dec-42

SS Camaçari II

2,605.0

BA

Jan-79

Dec-42

SS Catu

300.0

BA

May-56

Dec-42

SS Cotegipe

302.0

BA

Jan-56

Dec-42

SS Teresina

590.0

PI

Apr-70

Dec-42

SS Fortaleza II

1,800.0

CE

May-00

Dec-42

SS Goianinha

300.0

PE

Jan-61

Dec-42

SS Teresina II

900.0

PI

May-00

Dec-42

SS Delmiro Gouveia

401.0

CE

Jun-89

Dec-42

SS Maceió

400.0

AL

Sep-02

Dec-42

SS Itabaiana

223.0

SE

May-57

Dec-42

SS Itaparica

10.0

PE

Jan-83

Dec-42

SS Jardim

1,601.0

SE

Aug-79

Dec-42

SS Sobral III

1,200.0

CE

Apr-00

Dec-42

SS Xingó 69 Kv

12.5

SE

Jan-87

Dec-42

SS Olindina

40.0

BA

Apr-80

Dec-42

SS Luiz Gonzaga 500kv

-

PE

May-88

Dec-42

SS Floresta II(1)

-

PE

Oct-14

-

Furnas(2)

Adrianópolis

3,290.0

RJ

Nov-70

Dec-42

Angra

974.6

RJ

Apr-71

Dec-42

Araraquara

-

SP

Apr-76

Dec-42

Bandeirantes

1,433.3

GO

Oct-72

Dec-42

Barro Alto

183.0

GO

Mar-82

Dec-42

Brasília Geral

300.0

DF

Feb-60

Dec-42

Brasília Sul

2,094.2

DF

Mar-73

Dec-42

Cachoeira Paulista

583.3

SP

Oct-76

Dec-42

Campinas

1,970.0

SP

Sep-72

Dec-42

Campos

1,283.3

RJ

Feb-73

Dec-42

Foz do Iguaçu

15,968.0

PR

Dec-82

Dec-42

Grajaú

2,800.0

RJ

Dec-79

Dec-42

Guarulhos

-

SP

Sep-63

Dec-42

Gurupi

-

TO

Mar-99

Dec-42

Ibiúna

12,050.4

SP

Apr-84

Dec-42

Imbariê

-

RJ

Oct-68

Dec-42

Iriri

-

RJ

Oct-09

Dec-42

Itabera

-

SP

Sep-82

Dec-42

Itutinga

-

MG

Apr-67

Dec-42

Ivaiporã

10,956.0

PR

Oct-82

Dec-42

Jacarepaguá

1,350.0

RJ

Dec-67

Dec-42

Macaé

-

RJ

Nov-01

Dec-42

Mogi das Cruzes

1,166.7

SP

Mar-64

Dec-42

Niquelândia

-

GO

Oct-99

Dec-42

Pirineus

-

GO

Nov-06

Dec-42

Poços de Caldas

1,846.7

MG

Sep-63

Dec-42

Resende

-

RJ

Apr-09

Dec-42

Rio Verde

333.3

GO

Dec-75

Dec-42

Rocha Leão

-

RJ

Dec-72

Dec-42

Samambaia

4,250.0

DF

Mar-98

Dec-42

São José

2,600.0

RJ

Aug-91

Dec-42

Tijuco Preto

17,014.7

SP

Sep-82

Dec-42

Viana

750.0

ES

Dec-05

Dec-42

Vitória

969.2

ES

Nov-78

Dec-42

Corumbá

556.0

GO

Mar-97

Dec-42

Funil

300.0

RJ

Dec-69

Dec-42

Furnas

1,399.2

MG

Sep-63

Dec-42

Luiz C. Barreto

1,333.3

SP

Mar-69

Dec-42

Marimbondo

2,393.3

MG

Aug-75

Dec-42

Porto Colômbia

425.0

MG

Jul-73

Dec-42

Eletrosul

Alegrete

83.0

RS

May-71

Dec-42

Anastácio

150.0

MS

Aug-94

Dec-42

Areia

672.0

PR

Aug-80

Dec-42

Assis(3)

336.0

SP

Mar-79

Dec-42

Atlântida 2

249.0

RS

May-07

Dec-42

Biguaçu

300.0

SC

Apr-08

Dec-42

Blumenau

1,962.0

SC

Apr-79

Dec-42

Campos Novos

2,466.0

SC

Sep-82

Dec-42

Canoinhas

375.0

SC

Feb-88

Dec-42

Caxias

2,016.0

RS

Dec-01

Dec-42

Caxias 5(3)

215.0

RS

Jun-05

Dec-42

Charqueadas

88.0

RS

Jan-72

Dec-42

Curitiba

1,344.0

PR

Oct-80

Dec-42

Desterro

150.0

SC

Dec-08

Dec-42

Dourados

300.0

MS

Nov-87

Dec-42

Farroupilha

88.0

RS

Jun-73

Dec-42

Florianópolis

75.0

SC

Dec-74

Dec-42

Gravataí

2,016.0

RS

Sep-82

Dec-42

Gravataí 3

165.0

RS

Nov-07

Dec-42

Ilhota

100.0

SC

Dec-76

Dec-42

Itajaí

450.0

SC

Jan-02

Dec-42

Joinville

691.0

SC

Nov-74

Dec-42

Joinville Norte

300.0

SC

Jun-09

Dec-42

Jorge Lacerda "A"

399.8

SC

Jun-73

Dec-42

Londrina

1,344.0

PR

Apr-88

Dec-42

Nova Santa Rita

2,016.0

RS

Aug-09

Dec-42

Palhoça

384.0

SC

Jan-84

Dec-42

Passo Fundo

168.0

RS

Nov-92

Dec-42

Salto Osório

33.3

PR

Oct-75

Dec-42

Salto Santiago

15.0

PR

Nov-80

Dec-42

Santo Ângelo

1,344.0

RS

Dec-99

Dec-42

Siderópolis

352.0

SC

Apr-75

Dec-42

Tapera 2

166.0

RS

Mar-05

Dec-42

Xanxerê

600.0

SC

Jun-83

Dec-42

 

60

 

 
 

 

Marketletter 2Q16

 

(1) Substations transferred to Chesf by donation by acessantes as contractual clause between ANEEL and the agents who needed to build these facilities.

(2) Total Transformation Capacity (MVA Total) = operating capacity + capacity + capacity reservation under review.                             

(3) Transformers installed in third part substations.                                                                       

                                              

 

VII.3.2 Substation – Enterprise not renewed in terms of 12,783/13 Law

 

Eletrobras Companies

SS

Transformation Capacity (MVA)

Location (State)

Beginning of Operation

End of Concession

Eletronorte

Ribeiro Gonçalves

350.0

MA

Dec/11

Jan/39

Balsas

200.0

MA

Dec/11

Jan/39

São Luis III

300.3

MA

May/10

Mar/38

Miranda II (ATR1)

450.0

MA

Nov/10

Jan/39

Lucas do Rio Verde

75.0

MT

Apr/13

Jun/41

Nobres

200.0

MT

Sep/13

Dec/41

Tucuruí

300.0

PA

Dec/14

Dec/41

Lechuga

450.0

AM

Mar/15

May/42

Coletora Porto Velho

5,438.4

RO

Mar/13

Feb/39

Miramar

450.0

PA

Apr/16

Apr/46

Chesf

SS Lifting Curemas Plant

5.0

PB

Jan/68

Nov/24

SS Lifting Therm. Camaçari Plant

400.0

BA

Sep/78

Aug/27

SS Lifting Sobradinho Plant

1200.0

BA

Oct/79

Feb/22

SS Tauá II

202.0

CE

Dec/07

Mar/35

SS Ibicoara

410.0

BA

Jan/11

Jun/37

SS Santa Rita II

450.0

PB

Jul/12

Aug/39

SS Suape III

300.0

PE

Jul/12

Jan/39

SS Natal III

300.0

RN

Aug/12

Aug/39

SS Zebu II

200.0

AL

Jul/12

Aug/39

SS Brumado

-

BA

Aug/10

Jun/37

SS Camaçari IV

2,400.0

BA

Nov/12

Jul/40

SS Suape II

1,200.0

PE

Dec/12

Jan/39

SS Arapiraca III

100.0

AL

Jun/13

Oct/40

SS Extremoz II

150.0

RN

Feb/14

Nov/40

SS João Câmara

360.0

RN

Feb/14

Nov/40

SS Acaraú

200.0

CE

Apr/14

Nov/40

SS Igaporã

450.0

BA

Jun/14

Nov/40

SS Aquiraz II (1)

-

CE

Dec/13

-

SS Pecém II (1)

-

CE

Oct/13

-

SS Ceará Mirim II (1)

-

RN

Sep/14

-

SS Bom Jesus da Lapa II

-

BA

Dec/15

Nov/40

SS Igaporã III

750.0

BA

Dec/15

Jun/42

SS Pindaí II

300.0

BA

Dec/15

Jun/42

SS Campina Grande III (1)

-

PB

Dec/15

Oct/41

SS Garanhuns II (1)

-

PE

Dec/15

Dec/41

SS Lagoa Nova II

300.0

RN

Dec/15

Oct/41

SS Mirueira II

300.0

PE

Apr/16

Jun/42

SS Polo

100.0

BA

Apr/16

Oct/40

Furnas(2)

Zona Oeste

1,200.0

RJ

Dec/14

May/42

Batalha

90.0

MG

Aug/06

Aug/41

Campos

186.0

RJ

Dec/68

Jul/27

Itumbiara

5,075.0

MG

Mar/73

Feb/20

Manso

312.5

MT

Nov/00

Feb/35

Mascarenhas de Moraes

1,650.7

MG

Dec/56

Oct/23

Santa Cruz(3)

1,544.0

RJ

Jun/67

Jul/15

São Gonçalo

42.5

RJ

Jul/77

(4)

Serra da Mesa

1,576.4

GO

Mar/98

Nov/39

Simplício

497.5

RJ

Aug/06

Aug/41

Eletrosul

Foz do Chapecó

150.0

RS

Dec/12

Jun/41

Missões

150.0

RS

Nov/10

Jan/39

Biguaçu

1,344.0

SC

Apr/08

Mar/35

Caxias 6

330.0

RS

Aug/12

Oct/40

Ijuí 2

166.0

RS

Apr/13

Oct/40

Lageado Grande

75.0

RS

Nov/12

Oct/40

Nova Petrópolis 2

83.0

RS

Nov/12

Oct/40

Uruquaiana Frequency Converter

109.7

RS

Sep/94

Jul/21

Ivinhema 2(5)

300.0

MS

Jan/16

Jan/44

Biguaçu - Extension

300.0

SC

Oct/12

Dec/42

Itajaí – Extension

150.0

RS

Dec/13

Dec/42

Joinville Norte - Extension

150.0

SC

Sep/13

Dec/42

Nova Santa Rita – Extension

672.0

RS

Dec/13

Dec/42

Tapera 2 - Extension

83.0

RS

Nov/12

Dec/42

(1) Substations belonging to SPEs in which CHESF has its own equipment installed at least one line of input.

(2) Total Transformation Capacity (MVA Total) = operating capacity + capacity + capacity reservation under review.                             

(3) Affected but not yet extended.                                                                             

(4) Extension denied.                                                                

(5) Transformers installed in third part substations.                                                        

 

 

 

 

VIII.Distribution Data

 

VIII.1 Distribution Data

 

Company

Extension of Distribution Lines (Km)

Number of Customers

Number of Municipalities Assisted

Substations

ED Acre

19,660

250,515

0

15

ED Alagoas

42,360

1,088,084

102

40

ED Amazonas
Energia

47,793

924,710

61

24

ED Piauí

85,727

1,192,118

244

84

ED Rondônia

57,720

600,329

52

60

ED Roraima

3,600

110,207

0

3

 

VIII.2 Energy Sold – MWh

 

Company

1Q16

2Q16

ED Acre

243,983

239,089

ED Alagoas

872,817

805,717

ED Amazonas Energia

1,503,876

1,460,731

ED Piauí

765,182

811,192

ED Rondônia

717,507

711,682

ED Roraima

200,319

190,045

Total

4,303,683

4,218,457

 



 

VIII.2.1 Energy Sold by Consumer Class

 

Class

1Q16

2Q16

R$ Million

MWh

R$ Million

MWh

Residential

957.1

1,765,185.8

913.7

1,713,191.3

Industrial

259.7

679,363.7

256.9

656,385.1

Commercial, services and others activities

494.6

955,193.1

487.6

946,576.7

Rural

74.5

201,325.7

63.9

166,163.3

Public Utilities

156.1

341,586.1

166.3

367,762.1

Public Ilumination

63.0

187,477.9

59.8

193,153.8

Public service

59.0

161,338.0

58.5

163,978.2

Own Consumption

3.3

8,770.7

2.2

7,934.0

Others

114.7

2,888.5

14.4

3,312.3

Total

2,181.9

4,303,129.3

2,023.3

4,218,456.7

 


VIII.3 Energy purchased for resale*

 

Company

Buyer

1Q16

2Q16

R$ Million

MWh

R$ Million

MWh

ED Acre

Eletrobras System

145.78

243,429.00

100.00

239,089

Others

-

-

-

-

ED Alagoas

Eletrobras System

56.30

262,812

71.05

258,143

Others

231.90

1,051,246

113.70

1,032,570

ED Amazonas Energia

Eletrobras System

-

2,062,635

153.61

871,902

Others

133.36

511,184

161.03

612,984

ED Piauí

Eletrobras System

53.78

380,422

54.20

384,602

Others

188.33

762,631

185.22

848,869

ED Rondônia

Eletrobras System

34.53

188,340

51.36

206,632

Others

181.65

990,742

270.20

1,086,963

ED Roraima

Eletrobras System

58.29

261,740

55.13

247,561

Others

46.97

38,822

46.60

23,172

*In the distribution companies, it is considered the gross amount without the CDE/CCC discounts, while in section IV.2.3 values are net.

 

 

VIII.4 Network Expansion – number of new connections

 

Company

1Q16

2Q16

ED Acre

406

851

ED Alagoas

10,301

32,513

ED Amazonas Energia

11,328

9,745

ED Piaui

13,166

12,991

ED Rondonia

8,394

7,092

ED Roraima

909

1,461

 

VIII.5 Fuel used to produce electric energy*

 

Company

Type (Unit)

1Q16

2Q16

Amount

R$ Million

Amount

R$ Million

ED Acre

Diesel Oil (L)

15,458,374.0

44.9

14,972,912.0

43.5

Gas (m3)

 

 

 

 

ED Alagoas

Diesel Oil (L)

-

-

-

-

Gas (m3)

 

 

 

 

ED Amazonas Energia

Diesel Oil (L)

117,843,801.0

392.2

113,541,586.0

379.3

Gas (m3)

 

 

 

 

ED Piauí

Diesel Oil (L)

-

-

-

-

Gas (m3)

 

 

 

 

ED Rondônia

Diesel Oil (L)

32,421,500.0

99.5

14,445,551.0

40.1

Gas (m3)

 

 

 

 

ED Roraima

Diesel Oil (L)

10,937,402.3

26.0

6,569,168.0

20.2

Gas (m3)

 

 

 

 

*Net of taxes

 

 

VIII.6 Quality Indicators and Operational Performance

 

Company

DEC/ Stoppage Duration –

hours

FEC Stoppage Frequency

TMA – Average Time of Assistence –

minutes

Losses (%)

Technical

Commercial

ED Acre

27.1

18.9

480.9

9.9

14.4

ED Alagoas

13.3

9.1

238.9

10.3

16.1

ED Amazonas Energia

23.5

15.0

309.9

7.8

35.2

ED Piauí

13.4

8.9

415.7

11.2

15.6

ED Rondônia

5.9

4.4

266.9

11.2

17.7

ED Roraima

22.3

22.8

103.0

7.0

5.6

 

VIII.7 Default

 

Class

ED
Acre

ED
Alagoas

ED Amazonas Energia

ED
Piauí

ED
Rondônia

ED Roraima

Total

Public Utilities

29.38

35.77

36.20

8.57

27.47

7.33

144.72

Industrial

3.93

18.35

33.97

9.85

13.00

0.57

79.66

Residential

25.01

89.58

161.56

123.59

64.98

8.38

473.10

Commercial, services and others activities

7.88

34.41

68.92

39.83

22.64

2.30

175.98

Others

8.36

42.39

67.41

33.54

33.57

10.54

195.81

Total

74.56

220.50

368.06

215.38

161.66

29.12

1,069.28

 

 

 

IX.Employees  - Effective Headcount

 

IX.1 By Department

 

Company

Administrative

Operational

Eletronorte

1,000

2,017

Chesf

1,498

3,066

Furnas

1,155

2,594

Eletronuclear

502

1,435

Eletrosul

528

777

CGTEE

107

489

Amazonas GT

105

355

Itaipu Binacional

996

381

ED Acre

158

93

ED Alagoas

318

794

ED Amazonas Energia

474

1,254

ED Piauí

221

1,209

ED Rondônia

168

535

ED Roraima

142

211

Eletropar

4

0

Total

8,474

15,515

 

IX.2 Complementary Work-force

 

Eletrobras Companies

2Q16

Eletronorte

237

Chesf

0

Furnas

1,077

Eletronuclear

0

Eletrosul

0

CGTEE

0

Amazonas GT

0

Itaipu Binacional

0

ED Acre

402

ED Alagoas

541

ED Amazonas Energia

0

ED Piauí

1,602

ED Rondônia

1,374

ED Roraima

164

Eletropar

0

Total

5,397

 

X. Investments

 

X.1 Total Investment

 

Generation

1Q16

2Q16

2016 Budget

Eletrobras

-

-

-

Eletronorte

0.99

0.49

41.00

Chesf

2.48

2.63

104.50

Furnas

7.15

4.32

51.61

Eletronuclear

253.88

337.20

4.006.43

Eletrosul

13.43

0.19

65.35

CGTEE

1.26

0.53

30.58

Amazonas GT

14.91

63.51

225.07

Itaipu Binacional

-

-

-

ED Amazonas Energia

-

1.84

7.21

 

Generation - Maintenance

1Q16

2Q16

2016 Budget

Eletrobras

-

-

 

Eletronorte

1.79

0.74

21.00

Chesf

8.40

8.03

46.60

Furnas

5.21

12.62

68.90

Eletronuclear

7.01

40.30

213.21

Eletrosul

0.40

0.04

11.79

CGTEE

1.13

1.16

18.79

Amazonas GT

0.04

0.02

26.80

Itaipu Binacional

-

-

-

ED Amazonas Energia

-

3.35

4.50

 

Generation – Partnership Investments

1Q16

2Q16

2016 Budget

Eletrobras

255.00

133.50

250.64

Eletronorte

364.16

235.74

286.81

Chesf

266.18

10.00

789.21

Furnas

349.10

91.32

844.30

Eletronuclear

-

-

-

Eletrosul

143.33

94.45

238.60

CGTEE

-

-

-

Amazonas GT

-

-

-

Itaipu Binacional

-

-

-

ED Amazonas Energia

-

-

-

 

 

 

 

 

 

 

 

 

 

Transmission

1Q16

2Q16

2016 Budget

Eletrobras

4.40

-

12.00

Eletronorte

86.35

94.69

588.92

Chesf

178.42

137.22

476.96

Furnas

40.83

49.79

350.10

Eletrosul

21.15

35.69

879.69

Amazonas GT

0.53

0.14

22.20

ED Amazonas Energia

-

-

-

Other Companies (*)

0.48

1.61

19.78

(*) Includes the companies Cepel, Eletropar, Uirapuru, TSBE, RBSE, LVTE.

 

 

 

Transmission - Maintenance

1Q16

2Q16

2016 Budget

Eletrobras

-

-

 

Eletronorte

5.24

3.93

55.00

Chesf

29.27

26.15

99.16

Furnas

33.58

48.04

300.63

Eletrosul

0.80

0.54

7.51

Amazonas GT

-

-

4.22

ED Amazonas Energia

-

-

 

Other Companies (*)

-

-

 

(*)Includes the companies Cepel, Eletropar, Uirapuru, TSBE, RBSE, LVTE.       

 

 

Transmission – Partnership Investments

1Q16

2Q16

2016 Budget

Eletrobras

-

-

-

Eletronorte

18.00

196.96

194.46

Chesf

0.74

-

15.00

Furnas

29.91

191.35

607.56

Eletrosul

1.60

1.50

103.42

Amazonas GT

-

-

-

ED Amazonas Energia

-

-

-

Other Companies (*)

-

-

-

(*) Includes the companies Cepel, Eletropar, Uirapuru, TSBE, RBSE, LVTE.

 

Distribution

1Q16

2Q16

2016 Budget

ED Acre

4.53

6.76

59.41

ED Alagoas

13.44

20.06

169.91

ED Amazonas Energia

20.61

34.18

551.82

ED Piauí

12.06

14.85

215.93

ED Rondônia

15.79

18.31

133.42

ED Roraima

4.84

7.59

29.81

 

 

Distribution - Maintenance

1Q16

2Q16

2016 Budget

ED Acre

2.56

2.59

15.07

ED Alagoas

8.35

10.82

59.91

ED Amazonas Energia

12.15

10.32

79.75

ED Piauí

6.59

14.02

56.49

ED Rondônia

8.44

10.22

44.19

ED Roraima

0.69

0.98

4.74

 

Others

1Q16

2Q16

2016 Budget

Eletrobras

0.06

0.05

37.80

Eletronorte

3.39

4.29

49.40

Chesf

12.30

16.45

105.53

Furnas

14.78

16.81

142.12

Eletronuclear

0.35

2.08

19.88

Eletrosul

1.41

0.42

30.43

CGTEE

0.29

1.02

35.97

Amazonas GT

0.04

-

16.84

Itaipu Binacional

-

-

-

ED Acre

7.50

7.13

28.38

ED Alagoas

9.05

7.83

66.28

ED Amazonas Energia

17.96

33.02

199.47

ED Piauí

2.43

4.08

137.47

ED Rondônia

7.32

11.61

86.20

ED Roraima

0.74

0.62

6.07

Other Companies(*)

0.42

1.49

10.18

(*) Include the companies Cepel, Eletropar, Uirapuru, TSBE, RBSE, LVTE.

 

The 2016 budget was changed according to Decree of 02/25/2016

 

X.2 New Investments

 

X.2.1 Generation

 

X.2.1.1 Integral Responsability

 

Company

Unit

State

Investiment (R$ Million)

Installed Capacity (MW)

Energy Assured (MW)

Beginning of Operation

Beginning of Construction

End of Concession

Total

Up to 2Q16

Chesf

WPP Casa Nova I

BA

800.00

662.48

180

61.4

Dec/16 (1)

May/12

Jan/46

WPP Casa Nova II

BA

102.50

4.78

28

7.1

Dec/17

Aug/16

May/49 (2)

WPP Casa Nova III

BA

93.10

3.16

24

5.5

Dec/17

Aug/16

May/49 (2)

Furnas

SHU Anta

RJ/MG

2,296.6(3)
Basis: Dec/08

2,483.42

28

15.9(5)

GU1 and GU2: See (4)

Mar/07

 

Eletronuclear

Angra 3

RJ - Angra dos Reis

26,144 (6)

8.064 (7)

1,405

1,214.2

Dec/22

Jul/08

Dec/60 (8)

Eletrosul

SHU Santo Cristo (9)

SC

165.40

19.45

19.5

11.04

-

-

Jun/42

SHU Coxilha Rica (10)

SC

- 

10.08

18

10.1

-

-

Jun/42

Amazonas Energia

TPU Mauá 3

Amazonas

1,183.28

78.62

590.75

 

 

 

 

(1) Dec/16: Start of 36 wind turbine operation; Dec/17: park complete operating (120 turbines).

(2) According to the MME Ordinance No. 220 of 05.26.2014 and MME Ordinance No. 225 of 05.28.2014.

(3) Includes Simplicio, which is already in operation.

(4) Scheduled date for start of commercial operation of the generating units of PCH Anta as Match DE.E.026.2016 of June 23, 2016, sent to ANEEL: UG1 - 05.01.2018 and UG2 – 09.01.18. It is worth mentioning that the contract supplier consortium was terminated.

(5) Assured Energy is only the increase to occur when the Anta commercial operation. It does not include the assured energy of Simplicio, reported in Section 1.2.

(6) Includes direct costs of R$ 21,051 million approved in RDE 1302.007/16 de 07/26/2016, approving the new entry into operation date. With indirect costs of R$ 26,144 million.

(7) Includes direct costs and estimated indirect.

(8) No operating license for Angra 3. It is considered 40 years from 1.1.2021 by analogy with Angra 2.

(9) The implementation of this project awaits evaluation. Considered the original budget from August/2013 to be re-evaluated when the deployment resumes.

(10) Start of construction and indefinite operation negative opinion function of the National Artistic Heritage Institute - IPHAN.

 

X.2.1.2 Special Proposed Company

 

SPE

Plant

Eletrobras Companies (%)

Location
(State)

Installed Capacity (MW)

Energy Assured (MW)

Beginning of Operation

Beginning of Construction

End of Concession

Investiment (R$ Million)

Working Schedule (%)

Partners

Total

Up to 2Q16

Norte Energia S.A. (1)

HPU Belo Monte

Eletronorte (19.98%)
Chesf (15%)
Eletrobras Holding (15%)

PA

11,233.10

4,418.90

Apr/16

Aug/11

Aug/45

Final working Basis: 35,131.72
April Basis/10: 27,706.00

29,949.22

87.94%

Eletrobras Holding (15.00%)
Chesf (15.00%)
Eletronorte (19.98%)
Privados (50.02%)

Cia. Energética Sinop S.A.

HPU Sinop

Eletronorte (24.5%)
Chesf (24.5%)

MT

400.00

239.8

Jan/18

Dec/13

Dec/47

2,598.76

1,023.80

67.40%

Chesf (24.5%)
Eletronorte (24.5%)
EDFNT (51.00%)

ESBR Participações S.A. (2)

HPU Jirau

Chesf (20%)
Eletrosul (20%)

RO

3,750.00

2,205.10

Sep/13

Dec/09

Aug/43

19,385.00

18,879.68

97.00%

Suez Energy (40%)
Mizha Energia (20%)
Eletrosul (20%)

Acauã Energia S.A.

WPP Acauã

Chesf (99.93%)

BA

12.00

3.1

May/17

mai/15

Apr/49

37.40

31.90

80.40%

Sequóia (0.00668%)

Angical 2 Energia S.A.

WPP Angical 2

Chesf (99.96%)

BA

14.00

5.1

Apr/17

mai/15

Apr/49

55.87

47.05

78.10%

Sequóia (0.04%)

Arapapá Energia S.A.

WPP Arapapá

Chesf (99.9%)

BA

10.00

2.2

Jun/17

mai/15

Apr/49

28.58

18.28

53.50%

Sequóia (0.1%)

Caititú 2 Energia S.A.

WPP Caititú 2

Chesf (99.96%)

BA

14.00

5.1

Sep/17

mai/15

Apr/49

57.20

42.97

65.10%

Sequóia (0.04%)

Caititú 3 Energia S.A.

WPP Caititú 3

Chesf (99.96%)

BA

14.00

4.7

Sep/17

mai/15

Apr/49

57.75

42.22

65.50%

Sequóia (0.04%)

Carcará Energia S.A.

WPP Carcará

Chesf (99.96%)

BA

10.00

4.6

Aug/17

mai/15

Apr/49

60.64

48.52

75.30%

Sequóia (0.04%)

Coqueirinho 2 Energia S.A.

WPP Coqueirinho 2

Chesf (99.98%)

BA

20.00

8.5

Mar/17

mai/15

Jun/49

100.15

89.71

81.10%

Sequóia (0.0238%)

Corrupião 3 Energia S.A.

WPP Corrupião 3

Chesf (99.96%)

BA

14.00

4.2

Aug/17

mai/15

Apr/49

58.39

45.70

69.60%

Sequóia (0.04%)

Papagaio Energia S.A.

WPP Papagaio

Chesf (99.96%)

BA

18.00

4.9

Apr/17

mai/15

Jun/49

62.64

48.80

67.30%

Sequóia (0.04%)

Tamanduá Mirim 2 Energia S.A.

WPP Tamanduá Mirim 2

Chesf (83.01%)

BA

24.00

8

Jun/17

mai/15

Jun/49

103.59

82.05

72.60%

Sequóia (16.99%)

Teiú 2 Energia S.A.

WPP Teiú 2

Chesf (99.95%)

BA

14.00

4.2

Jul/17

mai/15

Apr/49

48.41

33.69

63.90%

Sequoia (0.05%)

Teles Pires Participações S.A. (3)

HPU Teles Pires

Furnas (24.5%)
Eletrosul (24.72%)

PA/MT

1,091.88

363.3

Nov/15

Aug/11

Jun/46

4,507.20

434.31

100.00%

Eletrosul(24.72%)
Neoenergia (50.56%)
Odebrecht Part. Invest. (0.09%)

Madeira Energia S.A. (3)

HPU Santo Antônio

Furnas (39%)

RO

417.57

206.2

Mar/12

Aug/08

Jun/43

20,743.00

4,027.40

99.74%

Odebrecth Energia(18.6%)
Cemig (10.0%)
SAAG (12.4%)
Andrade Gutierrez (12.4%)
Fundo de Invest. and Participações Amazônia Energia (20.0%)

Empresa de Energia São Manoel S.A.

HPU São Manoel

Furnas (33.33%)

MT/PA

700.00

421.7

From Jan/18

Aug/14

Apr/49

3,178.00

245.00

49.23%

EDP – Energias do Brasil S.A.(33.33%)
CWEI (33.33%)

Central Geradora Eólica Famosa I S.A.

Famosa I

Furnas (49%)

RN

22.50

11.1

May/18

Aug/16

May/47 

78.68

7.58

0.00%

PF Participações (51.00%)

Central Geradora Eólica Pau Brasil S.A.

Pau Brasil

Furnas (49%)

CE

15.00

7.7

May/18

Aug/16

Mar/47 

78.68

5.05

0.00%

PF Participações (51.00%)

Central Geradora Eólica Rosada S.A.

Rosada

Furnas (49%)

RN

30.00

13.4

May/18

Aug/16

May/48

78.68

9.57

0.00%

PF Participações (51.00%)

Central Geradora Eólica São Paulo S.A.

São Paulo

Furnas (49%)

CE

17.50

8.1

May/18

Aug/16

Mar/47 

78.68

5.59

0.00%

PF Participações (51.00%)

Energia dos Ventos V S.A.

São Januário

Furnas (99.99%)

CE

19.20

9

Jul/19

Jan/17

Jul/47

109.06

10.69

0.00%

Alupar(0 %)
Central Eólica Goiabeira (0.01%)

Energia dos Ventos VI S.A.

Nossa Senhora de Fátima

Furnas (99.99%)

CE

28.80

12.8

Jul/19

Jan/17

Aug/47

109.06

10.69

0.00%

Alupar(0 %)
Central Eólica Goiabeira (0.01%)

Energia dos Ventos VII S.A.

Jandaia

Furnas (99.99%)

CE

28.80

14.1

Jul/19

Jan/17

Aug/47

109.06

10.69

0.00%

Alupar(0 %)
Central Eólica Goiabeira (0.01%)

Energia dos Ventos VIII S.A.

São Clemente

Furnas (99.99%)

CE

19.20

9.3

Jul/19

Jan/17

Jul/47

109.06

10.69

0.00%

Alupar(0%)
Central Eólica Goiabeira (0.01%)

Energia dos Ventos IX S.A.

Jandaia I

Furnas (99.99%)

CE

19.20

9.9

Jul/19

Jan/17

Jul/47

109.06

10.69

0.00%

Alupar(0 %)
Central Eólica Goiabeira (0.01%)

Bom Jesus Eólica S.A.

Bom Jesus

Furnas (49%)

CE

18.00

8.1

May/18

Aug/16

Apr/49

136.16

8.10

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Cachoeira Eólica S.A.

Cachoeira

Furnas (49%)

CE

12.00

5

May/18

Aug/16

Apr/49

136.16

8.10

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Pitimbu Eólica S.A.

Pitimbu

Furnas (49%)

CE

18.00

7.2

May/18

Aug/16

Mar/49

136.16

8.10

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

São Caetano Eólica S.A.

São Caetano

Furnas (49%)

CE

25.20

11

May/18

Aug/16

Apr/49

136.16

8.10

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

São Caetano I Eólica S.A.

São Caetano I

Furnas (49%)

CE

18.00

7.7

May/18

Aug/16

Apr/49

136.16

8.10

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

São Galvão Eólica S.A.

São Galvão

Furnas (49%)

CE

22.00

9.5

May/18

Aug/16

Mar/49

136.16

8.10

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Carnaúba I Eólica S.A.

Carnaúba I

Furnas (49%)

RN

22.00

9.4

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Carnaúba II Eólica S.A.

Carnaúba II

Furnas (49%)

RN

18.00

7.3

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Carnaúba III Eólica S.A.

Carnaúba III

Furnas (49%)

RN

16.00

7.5

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Carnaúba V Eólica S.A.

Carnaúba V

Furnas (49%)

RN

24.00

10.1

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Cervantes I Eólica S.A.

Cervantes I

Furnas (49%)

RN

16.00

7.1

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Cervantes II Eólica S.A.

Cervantes II

Furnas (49%)

RN

12.00

5.6

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Punaú I Eólica S.A.

Punaú I

Furnas (49%)

RN

24.00

11

May/18

Aug/16

Jul/49

142.02

7.83

0.00%

Fundo de Investimento em Participações Caixa Milão (50.99%)
Central Eólica Bom Jesus Ltda. (0.01%)

Geradora Eólica Arara Azul S.A.

Arara Azul

Furnas (90%)

RN

27.50

10.7

Oct/18

Jan/17

Nov/49

88.58

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Arara Azul Ltda (0.01%)

Geradora Eólica Bentevi S.A.

Bentevi

Furnas (90%)

RN

15.00

5.7

Oct/18

Jan/17

Nov/49

88.58

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Bentevi Ltda (0.01%)

Geradora Eólica Ouro Verde I S.A.

Ouro Verde I

Furnas (90%)

RN

27.50

10.7

Oct/18

Jan/17

Nov/49

88.58

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Ouro Verde I Ltda (0.01%)

Geradora Eólica Ouro Verde II S.A.

Ouro Verde II

Furnas (90%)

RN

30.00

11.2

Oct/18

Jan/17

Nov/49

88.58

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Ouro Verde II Ltda (0.01%)

Geradora Eólica Ouro Verde III S.A.

Ouro Verde III

Furnas (90%)

RN

25.00

9.4

Oct/18

Jan/17

Nov/49

88.58

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Ouro Verde III (0.01%)

Geradora Eólica Ventos de Santa Rosa S.A.

Santa Rosa

Furnas (90%)

CE

20.00

8.4

Oct/18

Jan/17

Oct/49

91.20

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Santa Rosa Ltda (0.01%)

Geradora Eólica Ventos de Uirapuru S.A.

Uirapuru

Furnas (90%)

CE

28.00

12.6

Oct/18

Jan/17

Oct/49

91.20

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Uirapuru Ltda (0.01%)

Geradora Eólica Ventos do Angelim S.A.

Ventos de Angelim

Furnas (90%)

CE

24.00

10.3

Oct/18

Jan/17

Nov/49

91.20

There is no amount

0.00%

Eólica Tecnologia Ltda (7.00%)
Ventos Tecnologia Elétrica Ltda (2.99%)
Central Eólica Angelim Ltda (0.01%)

Consórcio Serra do Mel

Serra do Mel I

Furnas (90%)

RN

28.00

13

Oct/18

Jan/17

Oct/49

135.29

There is no amount

0.00%

Eólica Tecnologia Ltda (9.99%)
Gestamp Eólica Brasil Ltda (0.01%)

Consórcio Serra do Mel

Serra do Mel II

Furnas (90%)

RN

28.00

12.8

Oct/18

Jan/17

Oct/49

135.29

There is no amount

0.00%

Eólica Tecnologia Ltda (9.99%)
Gestamp Eólica Brasil Ltda (0.01%)

Consórcio Serra do Mel

Serra do Mel III

Furnas (90%)

RN

28.00

12.5

Oct/18

Jan/17

Nov/49

135.29

There is no amount

0.00%

Eólica Tecnologia Ltda (9.99%)
Gestamp Eólica Brasil Ltda (0.01%)

Geradora Eólica Itaguaçu da Bahia SPE S.A.

Itaguaçu da Bahia

Furnas (49%)

BA

28.00

14

Feb/19

May/18

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de Santa Luiza SPE S.A.

Ventos de Santa Luiza

Furnas (49%)

BA

28.00

14.2

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de Santa Madalena SPE S.A.

Ventos de Santa Madalena

Furnas (49%)

BA

28.00

14.7

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de Santa Marcella SPE S.A.

Ventos de Santa Marcella

Furnas (49%)

BA

28.00

13.6

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de Santa Vera SPE S.A.

Ventos de Santa Vera

Furnas (49%)

BA

28.00

15.2

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de Santo Antônio SPE S.A.

Ventos de Santo Antônio

Furnas (49%)

BA

28.00

16.1

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de São Bento SPE S.A.

Ventos de São Bento

Furnas (49%)

BA

28.00

14.4

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de São Cirilo SPE S.A.

Ventos de São Cirilo

Furnas (49%)

BA

28.00

14.7

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de São João SPE S.A.

Ventos de São João

Furnas (49%)

BA

28.00

15

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

Geradora Eólica Ventos de São Rafael SPE S.A.

Ventos de São Rafael

Furnas (49%)

BA

28.00

13.8

Feb/19

Jan/17

Sep/49

144.93

6.96

0.00%

Salus Fundo de Investimento em Participações (49.00%)
Casa dos Ventos Energias Renováveis S.A. (2.00%)

(1) Operating with 1,258.9 MW.

(2) Operating with 3,150 MW.

(3) Installed capacity is still under implementation. Physical security is the additional value corresponding to the installed power still being implemented.

 

 

 

 

 

X.2.2 Transmission

X.2.2.1 Integral Responsability

X.2.2.1.1 Transmission Line

 

Eletrobras Companies

From - To

Total Investment (R$ Million)

Lines Extension (km)

Tension (kV)

Beginning of Operation

End of Concession

Eletronorte

TL Utinga - Miramar 230 kv - Adequation

3.06

68

230

Feb/16

Dec/42

Chesf

Eunápolis-Teixeira Freitas II C1

30.09

145.00

230

Dec/17

Oct/38

Funil-Itapebi C3

41.07

223.00

230

Dec/17

Apr/37

Eunápolis-Teixeira Freitas II C2

44.15

152.00

230

Dec/17

Aug/39

Pau Ferro-Santa Rita II

36.11

96.70

230

Nov/17

Aug/39

Paraíso-Açu II

84.89

123.00

230

Oct/17

Nov/40

Açu II-Mossoró II

69.00

0

Oct/17

Nov/40

Morro do Chapéu II-Irecê

22.13

65.00

230

Oct/16

Oct/41

Paraíso-Lagoa Nova II

33.11

65.00

230

Aug/16

Aug/41

Teresina II-Teresina III

13.76

26.00

230

Aug/16

Dec/41

Recife II-Suape II C2

41.91

44.00

230

Mar/18

Dec/41

Camaçari IV-Sapeaçu

84.29

105.00

230

out/18

Dec/41

Sapeaçu-Sto.Antonio de Jesus C3

31.00

230

Dec/17

Dec/41

Jardim-N Sra do Socorro

13.6

1.30

230

Sep/17

May/42

Messias-Maceió II

20.00

230

Aug/17

May/42

Camaçari IV-Pirajá

47.07

45.00

230

Feb/18

May/42

Pituaçú-Pirajá

5.00

230

Feb/18

May/42

Mossoró II-Mossoró IV

81.74

40.00

230

Jul/17

Jun/42

Ceará Mirim II-Touros II

56.17

230

Jul/17

Jun/42

Russas II-Banabuiu C2

110.00

230

Dec/17

Jun/42

Furnas

TL Mascarenhas – Linhares and SS Linhares

67.2
(Basis: Dec/08)

99

230

Apr/17

Jul/40

TL Xavantes – Pirineus (1)

31.18
(Basis: Sep/11)

50

230

Oct/17

Dec/41

Eletrosul

Port. Jorge Lacerda A - Palhoça, in SS Garopaba

9.89

5.4

138

(2)

Dec/42

Port. TL Porto Primavera - Ivinhema, in SS Nova Andradina (Enersul)

9.85

11

138

Jul/16

Dec/42

Port. Blumenau - Palhoça, in SS Gaspar 2

8.50

2

230

Sep/16

Dec/42

Capivari do Sul - Viamão 3

53.11

71.8

230

Mar/18

Mar/45

Capivari do Sul - Guaíba 3

223.42

170

525

Mar/18

Mar/45

Capivari do Sul - Gravataí

94.15

73.7

525

Mar/18

Mar/45

Guaíba 3 - Povo Novo C2

234.16

235.6

525

Mar/18

Mar/45

Marmeleiro 2 - Povo Novo C2

163.77

152

525

Mar/18

Mar/45

Marmeleiro 2 - Santa Vitória do Palmar 2 - C2

54.77

48.3

525

Mar/18

Mar/45

Guaíba 3 - Nova Santa Rita C2

58.84

37

525

Mar/18

Mar/45

Gravataí - Guaíba 3 C1

169.65

68.7

525

Mar/18

Mar/45

Guaíba 2 - Guaíba 3 C1

15.73

19.1

230

Mar/18

Mar/45

Guaíba 2 - Guaíba 3 C2

15.73

19.1

230

Mar/18

Mar/45

Port. Nova Santa Rita - Povo Novo, in SS Guaíba 3

0.93

10.8

525

Mar/18

Mar/45

Candiota 2 - Guaíba 3 C2

426.80

271

525

Mar/18

Mar/45

Port. Bagé 2 - Presidente Médici, in SS Candiota 2

8.32

6.4

230

Mar/18

Mar/45

Porto Alegre 1 - Porto Alegre 8 - Underground

22.99

4

230

Mar/18

Mar/45

Porto Alegre 1 - Porto Alegre 12 - Underground

23.10

3.5

230

Mar/18

Mar/45

Gravataí 3 - Salto Osório 3

50.75

67.5

230

Mar/18

Mar/45

Port. Lagoa dos Barros - Osório 2

2.31

1.6

230

Mar/18

Mar/45

Port. Nova Prata 2 - Passo Fundo (C1) in SS Vila Maria

1.69

0.8

230

Mar/18

Mar/45

Port. Nova Prata 2 - Passo Fundo (C2) in SS Vila Maria

1.69

0.8

230

Mar/18

Mar/45

Livramento 3 - Alegrete 2

63.84

122.1

230

Mar/18

Mar/45

Livramento 3 - Santa Maria 3

125.71

224

230

Mar/18

Mar/45

Livramento 3 - Cerro Chato

7.98

6

230

Mar/18

Mar/45

Livramento 3 - Maçambará 3

102.20

186.4

230

Mar/18

Mar/45

Port. Maçanbará - Santo ângelo (C1) in SS Maçambará 3

0.36

1.2

230

Mar/18

Mar/45

Port. Maçanbará - Santo Ângelo (C2) in SS Maçambará 3

0.36

0.6

230

Mar/18

Mar/45

(1) The transmission line was energized in 03/25/2016, the detached form the circuit 1 (CELG), and still depends on the completion of the line inputs at substations associated with the project.

(2) The definition of operating start depends substation deployment Celesc distributor.

   

 

 

 

X.2.2.1.2 Substations

 

Eletrobras Companies

SS

Total Investment (R$ Million)

Transformation Capacity (MVA)

Location (State)

Beginning of Operation

End of Concession

Eletronorte

SS Miramar - Stage 2 EL 230 kv to SS Utinga

10.57

---

230

Mar/16

Dec/42

SS Rondonópolis - Stage AT4

15.92

---

230

Feb/16

Dec/42

SS Tucuruí - Stage BY RLL

8.86

---

500

Feb/16

Dec/42

SS Tucuruí - Stage AT2 and Pátio 230kv

73.70

---

500

Feb/16

Dec/42

SS Utinga - EL 230kv to Miramar - C1 and C2

16.47

---

230

Feb/16

Dec/42

Chesf

SS 230/69 kv Morro do Chapéu II

24.33

150

BA

Oct/16

Oct/41

SS 230/69 kv Ibiapina

51.22

200

CE

Aug/16

Aug/41

SS 230/69 kv Teresina III

29.21

400

PI

Aug/16

Dec/41

SS 230/69 kv N.S. Socorro

94.43

300

SE

Sep/17

May/42

SS 230/69 kv Maceió II

0.00

400

AL

Aug/17

May/42

SS 230/138 kv Poções II

0.00

200

BA

Jul/17

May/42

SS 230/69 kv Pirajá

30.57

360

BA

Nov/17

May/42

SS 230/69 kv Jaboatão II

68.77

300

PE

Nov/17

Jun/42

SS 230/69 kv Touros II

46.18

150

RN

Jul/17

Jun/42

SS 230/69 kv Mossoró IV

0.00

100

RN

Jul/17

Jun/42

SS 230/138 kV Teixeira de Freitas II

17.91

100

BA

Dec/17

Oct/38

Eletrosul

Garopaba - Two EL implementation modules

7.48

-

SC

(1)

Dec/42

Gaspar - Two EL implementation modules

6.80

-

SC

Sep/16

Dec/42

Biguaçu - Expansion "J"

37.58

672

SC

Sep/16

Mar/35

Biguaçu - Expansion – Bar Reactors Bench 525 kV - 200 MVAr

34.17

-

SC

Jun/17

Mar/35

Canoinhas - Expansion "G"

5.41

50

SC

Sep/16

Dec/42

Desterro - Expansion "A"

12.20

150

SC

Sep/16

Dec/42

Joinville Norte - Expansion "E"

11.79

150

SC

Sep/16

Dec/42

Lageado Grande II - Imp. 2nd Transformer 230/138 kV and connections

10.60

75

SC

Nov/16

Oct/40

Nova Andradina (Enersul) - Two EL implementation modules 138 Kv

4.96

-

MS

Jul/16

Dec/42

Canoinhas - Expansion "F"

7.92

150

SC

Jan/18

Dec/42

Santo Ângelo - Expansion "G"

44.30

672

RS

Feb/18

Dec/42

Tapera - Expansion "C" - 50 MVAr

8.15

-

RS

Jan/18

Dec/42

Dourados – Two benches capacitors of 230kV of 50 Mvar

16.10

-

MS

Apr/18

Dec/42

Capivari do Sul 525/230/138 kV

165.90

1544

RS

Mar/18

Mar/45

Viamão 3 (Expansion) 230 kV

7.20

-

RS

Mar/18

Mar/45

Gravataí 3 (Expansion) 525 kV

21.48

-

RS

Mar/18

Mar/45

Guaíba 3 525/230 kV

210.72

1344

RS

Mar/18

Mar/45

Guaíba 2 (Expansion) 230 kV

11.66

-

RS

Mar/18

Mar/45

Sta Vitória do Palmar (Expansion) 525 kV

16.04

-

RS

Mar/18

Mar/45

Marmeleiro (Expansion) 525 kV

46.23

-

RS

Mar/18

Mar/45

Povo Novo (Expansion) 525 kV

43.51

-

RS

Mar/18

Mar/45

Nova Santa Rita (Expansion) 525 kV

8.49

-

RS

Mar/18

Mar/45

Candiota 2 525/230 kV

99.57

1344

RS

Mar/18

Mar/45

Livramento 3 – synchronous compensator 230 kV

109.33

-

RS

Mar/18

Mar/45

Maçambará 3 230 kV

39.34

-

RS

Mar/18

Mar/45

Alegrete 2 (Expansion) 230 kV

7.49

-

RS

Mar/18

Mar/45

Santa Maria 3 (Expansion) 230 kV

9.18

-

RS

Mar/18

Mar/45

Cerro Chato (Expansion) 230 kV

4.30

-

RS

Mar/18

Mar/45

Porto Alegre 1 (Expansion, GIS) 230/69 kV

56.38

249

RS

Mar/18

Mar/45

Porto Alegre 8 (Expansion) 230 kV

7.99

-

RS

Mar/18

Mar/45

Porto Alegre 12 (Expansion, GIS) 230 kV

8.00

-

RS

Mar/18

Mar/45

Osório 3 230 kV

22.83

-

RS

Mar/18

Mar/45

Gravataí 3 (Expansion) 230 kV

7.44

-

RS

Mar/18

Mar/45

Vila Maria 230/138 kV

43.80

300

RS

Mar/18

Mar/45

 (1) The definition of operating start depends on substation deployment Celesc distributor.

 

 

 

X.2.2.2 Special Proposed Company

 

   X.2.2.2.1 Transmission Lines

 

SPE

From - To

Eletrobras Companies (%)

Investiment (R$ Million)

Lines Extension (km)

Tension (kV)

Beginning of Operation

End of Concession

Total(1)

Up to 2Q16

Transnorte Energia S.A.

Eng. Lechuga - Equador

Eletronorte (49%)

488.58

170.86

400.3

500

Feb/18

Jan/42

Equador - Boa Vista

399.57

0.00

315.20

Belo Monte Transmissora de Energia S.A.

Xingu – Estreito

Eletronorte (24.5%)
Furnas (49.9%)

5,578.00

2,049.00

2092

±800

Feb/18

Jun/44

TDG Transmissora Delmiro Gouveia S.A.

TL São Luiz II/ São Luiz III

Chesf (49%)

425.00

382.00

156

230

Dec/16

Jul/40

Transenergia Goiás S.A.

Serra da Mesa – Niquelândia

Furnas (99%)

130.00

87.40

100

230

May/17

 

Triângulo Mineiro Transmissora S.A.

Marimbondo II - Assis

Furnas (49%)

327.38

312.84

296.5

500

Aug/16

 

Paranaíba Transmissora de Energia S.A.

Barreiras II - Rio das Éguas

Furnas (24.5%)

1,061.20

997.53

244

500

Aug/16

 

Rio das Éguas - Luziânia

373

500

Aug/16

 

Lago Azul Transmissora S.A.

Barro Alto - Itapaci

Furnas (49.9%)

36.00

24.50

69

230

Nov/16

 

Mata de Santa Genebra Transmissora S.A.

Itatiba – Bateias

Furnas (49.9%)

2.021 (2)

598.52

399

500

Sep/17

 

Araraquara II - Itatiba

207

500

Sep/17

 

Araraquara II - Fernão Dias

241

500

Sep/17

 

Vale do São Bartolomeu Transmissora de Energia S.A.

Luziânia - Brasília Leste

Furnas (39%)

293.30

209.98

67

500

Feb/17

 

Brasília Sul - Brasília Geral

13.5

230

Aug/16

 

Fronteira Oeste Transmissora de Energia S.A.

Santo Ângelo/Maçambará
Pinhalzinho/Foz do Chapecó, double circuit

Eletrosul (51%)

110.57

17.27

199
72

230
230

Sep/17
Jun/17 and Jan/18

Jan/44

Paraíso Transmissora de Energia S.A.

Paraíso 2-Chapadão;
Campo Grande 2-Paraíso 2;
TL Portioning Chapadão - Campo Grande 2 - C1 in SS Paraíso 2

Eletrosul (24.5%)

133.97

5.68

65
217
1

230

Sep/17
Mar/18
Sep/17

Mar/45

(1) Investment Total Amount on the basis of the development of the business plan.

(2) Includes the substations and refers to June/16.

 

 

 

X.2.2.2.2 Substations

 

SPE

SS

Eletrobras Companies (%)

Total Investiment (R$ Million)

Transformation Capacity (MVA)

Location (State)

Beginning of Operation

End of Concession

Transnorte Energia S.A.

SS Boa Vista - CER

Eletronorte (49%)

100.14

  

RR

May/15

Jan/42

SS Engenheiro Lechuga

26.24

  

AM

Feb/18

SS Equador

111.44

  

RR

SS Boa Vista

100.24

  

RR

Mata de Santa Genebra Transmissora S.A.

SS Santa Bárbara D’Oeste 440 kV, Static Compensator (-300,+300) Mvar;
SS Itatiba 500 kV, Static Compensator;
(-300,+300) Mvar.

Furnas (49.9%)

0

-

SP

Nov/16

May/44

SS 500/440 kV Fernão Dias 1.200 MVA – 1st Transf. bench

2,049

SP

Nov/16

SS 500/440 kV Fernão Dias 2.400 MVA
2nd and 3rd Transf. bench

0

SP

Feb/18

Vale do São Bartolomeu Transmissora de Energia S.A.

SS Brasília Leste

Furnas (39%)

0

1,080

DF

Sep/16

Oct/43

Belo Monte Transmissora de Energia S.A.

Converter Station CA/CC,±800 kV, 4.000 MW, with SS 500 kV Xingu;

Furnas (24.5%)

0

4,000

Xingu (PA)

 

 


Estreito (MG)

Feb/18

Jun/44

Converter Station CA/CC, ±800 kV, 3.850 MW, with SS 500 kV Estreito

3,850

Feb/18

Triângulo Mineiro Transmissora S.A.

SS Marimbondo II

Furnas (49%)

0

(1)

MG

Aug/16

Aug/43

SS Assis

(2)

SP

Aug/16

Aug/43

Fronteira Oeste Transmissora de Energia S.A. (3)

Pinhalzinho, in 230/138 kV (ATF1, ATF2 e ATF3);
Extensions SS Maçarambá, Foz do Chapecó and Santo Angelo.

Eletrosul (51%)

58.69

450

SC/RS

Jun/17

Jan/44

Transmissora Sul Litorânea de Energia - TSLE

Extension SS Povo Novo 525/230 kV

Eletrosul (%)

36.99

672

RS

Aug/17

Aug/42

Paraíso Transmissora de Energia S.A.

Campo Grande 2 EL 230 PAR2;
Chapadão EL PAR2;
Paraíso 2, 230/138 kV.

Eletrosul (24.5%)

72.23

300

MS

Mar/18
Sep/17
Sep /17

Mar/45

(1) 4 single-phase reactors of 45.3 MVAr each.

(2) 7 single-phase reactors of 45.3 MVAr each.

(3) The expansions of SSs Maçambara and Santo Angelo are scheduled for Sep/17. SSlocated in SC, and expanded in the RS.

 

XI. SPEs Data

 

XI.1 Operational Data

XI.1.1 Generation

XI.1.1.1 Operational Assets and Generated Energy

 

 

SPE

Plant

Eletrobras Companies (%)

Location (State)

Installed Capacity (MW)

Assured Energy
(MW Average)

Generated Energy MWh

Beginning of Operation

End of Concession

1Q16

2Q16

    

EAPSA - Energia Águas Da Pedra S.A.

HPU Dardanelos

Eletronorte (24.5%)
Chesf (24.5%)

MT

261.0

154.9

319,240

234,471

Aug/11

Jul/42

Amapari Energia S.A. (1)

TPU Serra do Navio

Eletronorte (49%)

AP

23.3

21.0

-

-

Jun/08

May/37

Brasventos Miassaba 3 Geradora de Energia S.A

Wind Farm Miassaba 3

Eletronorte (24.5%)
Furnas (24.5%)

RN

68.5

22.8

26

40

jul/14 (2)

Aug/45

Brasventos Eolo Geradora de Energia S.A.

Wind Farm Rei dos Ventos 1

Eletronorte (24.5%)
Furnas (24.5%)

RN

58.5

21.9

29

35

jul/14 (2)

Dec/45

Rei dos Ventos 3 Geradora de Energia S.A.

Wind Farm Rei dos Ventos 3

Eletronorte (24.5%)
Furnas (24.5%)

RN

60.1

21.1

29

37

jul/14 (2)

Dec/45

ESBR Participações S.A. (3)

HPU Jirau

Chesf (20%)
Eletrosul (20%)

MT

3,150.0

2,205.1

3,652,694

3,160,404

Aug/11

Jul/42

Norte Energia S.A. (4)

HPU B. Monte

Chesf (15%)
Eletronorte (19.98%)
Eletrobras Holding (15%)

PA

1,258.9

4,571.0

-

1,100,654

abr/16

Aug/45

Pedra Branca S.A.

Pedra Branca

Chesf (49%)

PA

30.0

12.2

26,718

26,718

abr/16

Aug/45

São Pedro do Lago S.A.

São Pedro do Lago

Chesf (49%)

BA

30.0

13.5

28,908

28,908

Mar/13

Feb/46

Sete Gameleiras S.A.

Sete Gameleiras

Chesf (49%)

BA

30.0

12.6

27,375

27,375

Mar/13

Feb/46

Baraúnas I Energética S.A.

WPP Baraúnas I

Chesf (49%)

BA

32.9

12.4

17,312

17,312 

Mar/13

Feb/46

Mussambê Energética S.A.

WPP Mussambê

Chesf (49%)

BA

32.9

12.0

16,942

16,942

Oct/15

Apr/49

Morro Branco I Energética S.A.

WPP Morro Branco I

Chesf (49%)

BA

32.9

12.9

16,388

16,388

Oct/15

Apr/49

Banda de Couro Energética S.A.

WPP Banda de Couro

Chesf (49%)

BA

29.7

12.9

5,360

5,360

Oct/15

Apr/49

Baraúnas II Energética S.A.

WPP Baraunas II

Chesf (1.76%)

BA

21.6

7.8

4,540

4,540

Mar/16

Jul/49

V. de Santa Joana IX Energia Renováveis S.A. (5)

Santa Joana IX

Chesf (1.56%)

BA

29.6

14.8

15,004

29,973

Mar/16

Jul/49

V. de Santa Joana X Energia Renováveis S.A. (5)

Santa Joana X

Chesf (49%)

PI

29.6

15.5

16,105

30,973 

Aug/15

Aug/35

V. de Santa Joana XI Energia Renováveis S.A. (5)

Santa Joana XI

Chesf (49%)

PI

29.6

16.0

16,632

29,127

Jul/15

Aug/35

V. de Santa Joana XII Energia Renováveis S.A. (5)

Santa Joana XII

Chesf (49%)

PI

28.9

17.4

22,752

34,464

Jul/15

Aug/35

V. de Santa Joana XIII Energia Renováveis S.A. (5)

Santa Joana XIII

Chesf (49%)

PI

29.6

16.2

17,242

30,148

Jul/15

Aug/35

V. de Santa Joana XV Energia Renováveis S.A. (5)

Santa Joana XV

Chesf (49%)

PI

28.9

17.3

21,221

34,571 

Jul/15

Aug/35

V. de Santa Joana XVI Energia Renováveis S.A. (5)

Santa Joana XVI

Chesf (49%)

PI

28.9

17.8

20,567

35,422

Jul/15

Aug/35

V. de Santa Joana I Energia Renováveis S.A. (6)

WPP Santa Joana I

Chesf (49%)

PI

28.9

14.7

20,320

20,690 

Jul/15

Aug/35

V. de Santa Joana III Energia Renováveis S.A. (6)

WPP Santa Joana III

Chesf (49%)

PI

29.6

14.3

25,084

14,779

Jan/16

Dec/35

V. de Santa Joana IV Energia Renováveis S.A. (6)

WPP Santa Joana IV

Chesf (49%)

PI

28.9

14.2

17,474

24,787

Mar/16

Dec/35

V. de Santa Joana V Energia Renováveis S.A. (6)

WPP Santa Joana V

Chesf (49%)

PI

28.9

14.1

18,897

26,088

Jan/16

Dec/35

V. de Santa Joana VII Energia Renováveis S.A. (6)

WPP Santa Joana VII

Chesf (49%)

PI

27.2

14.8

22,109

26,604 

Jan/16

Dec/35

V. de Santo Augusto IV Energia Renováveis S.A. (6)

WPP Santo Augusto IV

Chesf (49%)

PI

28.9

15.7

22,832

25,627

Jan/16

Dec/35

U.E.E. Caiçara I S.A. (7)

WPP Caiçara I

Chesf (49%)

PI

27.0

15.1

21,296

27,246

Feb/16

Dec/35

U.E.E. Caiçara II S.A. (7)

WPP Caiçara II

Chesf (49%)

RN

18.0

9.6

14,553

18,624

Nov/15

Jun/47

U.E.E. Junco I S.A. (7)

WPP Junco I

Chesf (49%)

RN

24.0

13.1

17,963

23,150

Nov/15

Jul/47

U.E.E. Junco II S.A (7)

WPP Junco II

Chesf (49%)

RN

24.0

13.3

18,428

22,754

Nov/15

Jul/47

Eólica Serra das Vacas I S.A. (8)

Serra das Vacas I

Chesf (49%)

RN

23.9

12.2

22,908

23,517

Nov/15

Jul/47

Eólica Serra das Vacas II S.A. (8)

Serra das Vacas II

Chesf (49%)

PE

22.3

9.9

17,359

18,310

Dec/15

Jun/49

Eólica Serra das Vacas III S.A. (8)

Serra das Vacas III

Chesf (49%)

PE

22.2

11.0

20,989

19,545

Dec/15

Jun/49

Eólica Serra das Vacas IV S.A. (8)

Serra das Vacas IV

Chesf (49%)

PE

22.3

10.5

20,290

20,076

Dec/15

Jun/49

Enerpeixe S.A.

HPU Peixe Angical

Furnas (40%)

TO

498.8

280.5

-

- 

Jun/06

Nov/36

Baguari Geração de Energia S.A.

HPU Baguari

Furnas (15%)

MG

140.0

80.0

5,215

28,848

Sep/09

Aug/41

Retiro Baixo Energética S.A.

HPU Retiro Baixo

Furnas (49%)

MG

82.0

38.5

83,611

-

Mar/10

Aug/41

Foz de Chapecó Energia S.A.

HPU Foz de Chapecó

Furnas (40%)

RS/SC

855.0

432.0

-

1,206,771

Oct/10

Nov/36

Serra do Facão Energia S.A.

HPU Serra do Facão

Furnas (49.5%)

GO

212.6

182.4

113,508

106,671

Jul/10

Nov/36

Madeira Energia S.A.

HPU Santo Antônio (9)

Furnas (39%)

RO

3,150.4

2,218.0

3,468,985

3,634,245 

Mar/12

Jun/43

Tijoá Participações e Investimentos S.A.

HPU Três Irmãos (10)

Furnas (49.9%)

SP

807.5

217.5

-

- 

Oct/14

Sep/44

Teles Pires Participações S.A.

HPU Teles Pires (11)

Furnas (24.5%)
Eletrosul (24.72%)

PA/MT

727.9

567.4

-

-

Nov/15

Jun/46

Eólica Livramento S.A. (12)

Wind Farms de Cerro Chato IV, V, VI, Ibirapuitã and Trindade

Eletrosul (59%)

RS

25.2

30.1

16,219

20,504

Nov/13

Mar/47

Santa Vitória do Palmar S.A.

Wind Farms Geribatu I to X

Eletrosul (49%)

RS

258.0

109.2

175,256

191,250 

Feb/15

Apr/47

Eólica –Chuí Holding S.A.

Wind Farms Chuí I to V, and Minuano I and II

Eletrosul (49%)

RS

144.0

59.9

93,512

102,236 

May/15

Apr/47

Hermenegildo I S.A.

Wind Farms Verace 24 to 27

Eletrosul (99.99%)

RS

57.3

24.9

45,226

179,954

Nov/15

Jun/49

Hermenegildo II S.A.

Wind Farms Verace 28 to 31

Eletrosul (99.99%)

RS

57.3

25.3

40,525

45,516

Dec/15

Jun/49

Hermenegildo III S.A.

Wind Farms Verace 34 to 36

Eletrosul (99.99%)

RS

48.3

21.0

27,811

37,836

Dec/15

Jun/49

Chuí IX S.A.

Wind Farm Chuí 09

Eletrosul (99.99%)

RS

17.9

7.4

12,793

14,145

Oct/15

May/49

                     

(1) The plant is dead since  07.04.2014. The Data Collection System - SCD has been disabled.

(2) Decision obtained through a writ of mandamus with an injunction.

(3) The first turbine began operating in Sep / 2013 with 75MW of installed capacity. In the second quarter 2016 the company totaled 42 machines in operation, resulting in an installed capacity of 3,150 MW in operation, of a total capacity of 3,750 MW. Increased physical guarantee of UHE Jirau due to revision of the hydraulic loss, as MME Ordinance No. 337 of 11.10.2015.

(4) 04 generating units in commercial operation totaling 1258.9 MW in commercial operation, of a total capacity of 11,233.1 MW.

(5) The participation of SPEs V. Santa Joana IX, X, XI, XII, XIII, XIV and XV Energia Renováveis S.A.were merged into the Chapada company Piaui I Holding S.A.

(6) The participation of SPEs V. Santa Joana I, III, IV, V, VII and Santo Augusto IV Energia Renováveis S.A.were merged into the Chapada company Piaui II Holding S.A.

(7) The shares of the SPEs WPP Caiçara I S.A., WPP Caiçara II S.A., WPP Junco I S.A. and WPP Junco II S.A. were merged into the company Vamcruz Participacoes S.A.

(8) The participation of SPEs were merged into the company Serra das Vacas Holding S.A.

(9) 44 units (out of 50) in operation to the 2T16, totaling 3,150.43 MW of a total power of 3,568 MW. Physical guarantee corresponds to GU in operation.

(10) The granting of HPP Three Brothers, owned by CESP and won in Nov/2011 was not renewed under the terms of Law No. 12,783/2013. In Auction No. 002/2014 - ANEEL, held on 03.28.2014, the FURNAS consortium (49.9%) and FIP CONSTANTINOPLE (50.1%) was crowned winner in the competition for granting of concession of UHE Three Brothers, upon the proposal of hiring of electricity generation service, at the lowest cost of generation Assets Management (GAG), including operating costs, maintenance, management, compensation and amortization of the hydroelectric plant, where appropriate, under what regime in art. 8 of Law No. 12,783 of 01.11.2013, a period of 30 years from the effective date of its Concession Agreement, which was signed on 09.10.2014.

(11) 2 units (out of 5) in operation to the 1T16, totaling 727.92 MW, for a total capacity of 1819.8 MW. Physical guarantee corresponds to GU in operation.

(12) In 25.2 MW commercial operation of a total of 79.2 MW, corresponding to Ibirapuitã park. The Aneel Order 3,373 of October 2, 2015, temporarily suspended the commercial operation of the other parks.

 

XI.1.1.2  Energy Sold

 

SPE

Eletrobras Companies (%)

Buyer

Sell Type

1Q16

2Q16

R$ million

MWh

R$ million

MWh

EAPSA - Energia Águas Da Pedra S.A.

Eletronorte (24.5%)
Chesf (24.5%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

-

-

-

-

B

62.00

332,274

60.00

314,225.32

Amapari Energia S.A.

Eletronorte (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Brasventos Miassaba 3 Geradora de Energia S.A

Eletronorte (24.5%)
Furnas (24.5%)

Eletrobras System

A

5.70

26.40

8.60

39.80

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Brasventos Eolo Geradora de Energia S.A.

Eletronorte (24.5%)
Furnas (24.5%)

Eletrobras System

A

6.30

28.92

7.70

35.32

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Rei dos Ventos 3 Geradora de Energia S.A.

Eletronorte (24.5%)
Furnas (24.5%)

Eletrobras System

A

6.30

28.64

8.20

37.34

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

ESBR Participações S.A.

Chesf (20%)
Eletrosul (20%)

Eletrobras System

A

63.19

532,234.59

65.09

584,458.95

B

101.06

470,194.52

101.02

469,979.33

Others

A

356.70

2,981,697.64

337.18

2,832,908.02

B

171.75

799,077.83

136.29

634,084.75

Norte Energia S.A.

Chesf (15%)
Eletronorte (19.98%)
Eletrobras Holding (15%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

-

-

98.05

880,523.52

B

-

-

-

-

Pedra Branca S.A.

Chesf (49%)

Eletrobras System

A

2.76

15,078.18

2.76

15,078.18

B

-

-

-

-

Others

A

2.13

11,639.81

2.13

11,639.81

B

-

-

-

-

São Pedro do Lago S.A.

Chesf (49%)

Eletrobras System

A

2.98

16,314.09

2.98

16,314.09

B

-

-

-

-

Others

A

2.30

12,594.23

2.30

12,594.23

B

-

-

-

-

Sete Gameleiras S.A.

Chesf (49%)

Eletrobras System

A

2.82

15,448.95

2.82

15,448.95

B

-

-

-

-

Others

A

2.18

11,926.05

2.18

11,926.05

B

-

-

-

-

Baraúnas I Energética S.A.

Chesf (49%)

Eletrobras System

A

3.16

23,396.00

3.16

23,396.00

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Mussambê Energética S.A.

Chesf (49%)

Eletrobras System

A

3.13

23,150.09

3.13

23,150.09

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Morro Branco I Energética S.A.

Chesf (49%)

Eletrobras System

A

3.24

23,992.40

3.24

23,992.40

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Banda de Couro Energética S.A.

Chesf (49%)

Eletrobras System

A

0.09

576.25

0.09

576.25

B

-

-

-

-

Others

A

0.70

4,784.18

0.70

4,784.18

B

-

-

-

-

Baraúnas II Energética S.A.

Chesf (1.76%)

Eletrobras System

A

0.07

488.10

0.07

488.10

B

-

-

-

-

Others

A

0.59

4,052.38

0.59

4,052.38

B

-

-

-

-

V. de Santa Joana IX Energia Renováveis S.A.

Chesf (1.56%)

Eletrobras System

A

3.70

28,842.00

3.70

28,828.80

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana X Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

3.81

29,716.00

3.81

29,702.40

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana XI Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

3.95

30,808.50

3.95

30,794.40

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana XII Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.29

33,430.50

4.29

33,415.20

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana XIII Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

3.76

29,279.00

3.75

29,265.60

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana XV Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.20

32,775.00

4.20

32,760.00

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana XVI Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.29

33,430.50

4.29

33,415.20

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana I Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.27

31,766.70

5.04

32,104.80

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana III Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

3.89

28,957.40

4.89

31,231.20

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana IV Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.12

30,686.20

4.87

31,012.80

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana V Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.09

30,470.10

4.83

30,794.40

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santa Joana VII Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.30

31,982.80

5.07

32,323.20

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

V. de Santo Augusto IV Energia Renováveis S.A.

Chesf (49%)

Eletrobras System

A

4.47

33,279.40

5.32

34,288.80

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

U.E.E. Caiçara I S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

4.31

29,497.50

4.31

29,484.00

B

0.53

2,202.62

0.25

912.62

U.E.E. Caiçara II S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

2.97

20,327.06

2.97

20,317.75

B

0.10

439.45

0.05

167.79

U.E.E. Junco I S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

3.89

26,442.87

3.89

26,430.77

B

0.32

1,335.70

0.15

560.78

U.E.E. Junco II S.A

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

3.65

24,911.19

3.65

24,899.78

B

0.62

2,568.13

0.28

1,039.79

Eólica Serra das Vacas I S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

3.90

26,657.00

3.90

26,644.80

B

-

-

-

-

Eólica Serra das Vacas II S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

3.16

21,631.50

3.15

21,621.60

B

0.05

1,166.00

0.03

375.00

Eólica Serra das Vacas III S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

3.77

25,764.20

3.52

24,024.00

B

0.02

563.00

0.00

70.00

Eólica Serra das Vacas IV S.A.

Chesf (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

3.72

25,392.20

3.36

22,932.00

B

0.04

971.00

0.02

260.00

Enerpeixe S.A.

Furnas (40%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Baguari Geração de Energia S.A.

Furnas (15%)

Eletrobras System

A

16.92

86,464.12

16.14

80,425.51

B

-

-

-

-

Others

A

-

-

-

-

B

-

-

-

-

Retiro Baixo Energética S.A.

Furnas (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

16.30

83,445.95

-

-

B

0.50

2,185.00

-

-

Foz de Chapecó Energia S.A.

Furnas (40%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

-

-

117.77

549,238.70

B

-

-

86.17

377,395.20

Serra do Facão Energia S.A.

Furnas (49.5%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

57.85

277,344.48

92.85

260,010.62

B

27.30

124,827.00

32.96

150,696.00

Madeira Energia S.A.

Furnas (39%)

Eletrobras System

A

429.37

3,467,135.93

417.88

3,293,109.46

B

279.70

1,365,312.40

333.32

1,530,957.77

Others

A

-

-

-

-

B

-

-

-

-

Tijoá Participações e Investimentos S.A.

Furnas (49.9%)

Eletrobras System

A

        

B

        

Others

A

        

B

        

Teles Pires Participações S.A.

Furnas (24.5%)
Eletrosul (24.72%)

Eletrobras System

A

        

B

        

Others

A

        

B

        

Eólica Livramento S.A.

Eletrosul (59%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

2.13

16,219.23

2.70

20,504.28

B

-

-

-

-

Santa Vitória do Palmar S.A.

Eletrosul (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

23.30

175,256.37

25.42

191,250.00

B

-

-

-

-

Eólica –Chuí Holding S.A.

Eletrosul (49%)

Eletrobras System

A

-

-

-

-

B

-

-

-

-

Others

A

13.00

93,511.50

14.21

102,235.89

B

-

-

-

-

Hermenegildo I S.A.

Eletrosul (99.99%)

Eletrobras System

A

-

-

-

-

B

2.32

15,513.50

2.32

15,506.40

Others

A

6.32

42,389.00

6.31

42,369.60

B

-

-

-

-

Hermenegildo II S.A.

Eletrosul (99.99%)

Eletrobras System

A

-

1.00

2.00

3.00

B

2.53

16,824.50

2.53

16,816.80

Others

A

6.13

41,296.50

6.13

41,277.60

B

-

-

-

-

Hermenegildo III S.A.

Eletrosul (99.99%)

Eletrobras System

A

-

-

-

-

B

2.16

14,421.00

2.16

14,414.40

Others

A

5.06

34,086.00

5.05

34,070.40

B

-

-

-

-

Chuí IX S.A.

Eletrosul (99.99%)

Eletrobras System

A

-

-

-

-

B

0.75

5,025.50

0.75

5,023.20

Others

A

1.78

12,017.50

1.78

12,012.00

B

-

1.00

2.00

3.00

A - Energy sales in the regulated enviroment - revenues from quotas..

B - Through contracts on the open market or bilateral agreements.

 

 

 



XI.1.1.3 Average Rate – R$/MWh

 

SPE

Eletrobras Companies (%)

1Q16

2Q16

EAPSA - Energia Águas Da Pedra S.A.

Eletronorte (24.5%)
Chesf (24.5%)

186.57

191.85

Amapari Energia S.A.

Eletronorte (49%)

0.00

0.00

Brasventos Miassaba 3 Geradora de Energia S.A

Eletronorte (24.5%)
Furnas (24.5%)

217.22

217.22

Brasventos Eolo Geradora de Energia S.A.

Eletronorte (24.5%)
Furnas (24.5%)

218.22

218.22

Rei dos Ventos 3 Geradora de Energia S.A.

Eletronorte (24.5%)
Furnas (24.5%)

218.65

218.65

ESBR Participações S.A.

Chesf (20%)
Eletrosul (20%)

144.82

141.45

Norte Energia S.A

Chesf (15%)
Eletronorte (19.98%)
Eletrobras Holding (15%)

34.81

111.35

Pedra Branca S.A.

Chesf (49%)

182.80

182.80

São Pedro do Lago S.A.

Chesf (49%)

182.80

182.80

Sete Gameleiras S.A.

Chesf (49%)

182.80

182.80

Baraúnas I Energética S.A.

Chesf (49%)

135.09

135.09

Mussambê Energética S.A.

Chesf (49%)

135.09

135.09

Morro Branco I Energética S.A.

Chesf (49%)

135.09

135.09

Banda de Couro Energética S.A.

Chesf (49%)

147.92

147.92

Baraúnas II Energética S.A.

Chesf (1.76%)

145.72

145.72

V. de Santa Joana IX Energia Renováveis S.A.

Chesf (1.56%)

128.28

128.28

V. de Santa Joana X Energia Renováveis S.A.

Chesf (49%)

128.28

128.28

V. de Santa Joana XI Energia Renováveis S.A.

Chesf (49%)

128.28

128.28

V. de Santa Joana XII Energia Renováveis S.A.

Chesf (49%)

128.28

128.28

V. de Santa Joana XIII Energia Renováveis S.A.

Chesf (49%)

128.28

128.28

V. de Santa Joana XV Energia Renováveis S.A.

Chesf (49%)

128.28

128.28

V. de Santa Joana XVI Energia Renováveis S.A.

Chesf (49%)

128.28

128.28

V. de Santa Joana I Energia Renováveis S.A.

Chesf (49%)

134.31

157.11

V. de Santa Joana III Energia Renováveis S.A.

Chesf (49%)

134.31

156.67

V. de Santa Joana IV Energia Renováveis S.A.

Chesf (49%)

134.31

156.89

V. de Santa Joana V Energia Renováveis S.A.

Chesf (49%)

134.31

156.85

V. de Santa Joana VII Energia Renováveis S.A.

Chesf (49%)

134.31

156.88

V. de Santo Augusto IV Energia Renováveis S.A.

Chesf (49%)

134.31

155.25

WPP Caiçara I S.A.

Chesf (49%)

146.27

146.27

WPP Caiçara II S.A.

Chesf (49%)

146.17

146.17

WPP Junco I S.A.

Chesf (49%)

147.29

147.29

WPP Junco II S.A.

Chesf (49%)

146.55

146.55

Eólica Serra das Vacas I S.A.

Chesf (49%)

146.24

146.28

Eólica Serra das Vacas II S.A.

Chesf (49%)

151.57

148.91

Eólica Serra das Vacas III S.A.

Chesf (49%)

149.71

147.98

Eólica Serra das Vacas IV S.A.

Chesf (49%)

151.10

149.06

Enerpeixe S.A.

Furnas (40%)

0.00

0.00

Baguari Geração de Energia S.A.

Furnas (15%)

195.66

200.68

Retiro Baixo Energética S.A.

Furnas (49%)

195.28

0.00

Foz de Chapecó Energia S.A.

Furnas (40%)

224.49

220.09

Serra do Facão Energia S.A.

Furnas (49.5%)

211.74

215.90

Madeira Energia S.A.

Furnas (39%)

146.73

155.72

Tijoá Participações e Investimentos S.A.

Furnas (49.9%)

 

 

Teles Pires Participações S.A.

Furnas (24.5%)
Eletrosul (24.72%)

 

 

Eólica Livramento S.A.

Eletrosul (59%)

131.61

131.61

Santa Vitória do Palmar S.A.

Eletrosul (49%)

132.93

132.93

Eólica –Chuí Holding S.A.

Eletrosul (49%)

138.97

138.97

Hermenegildo I S.A.

Eletrosul (99.99%)

149.16

149.16

Hermenegildo II S.A.

Eletrosul (99.99%)

148.98

148.98

Hermenegildo III S.A.

Eletrosul (99.99%)

148.75

148.75

Chuí IX S.A.

Eletrosul (99.99%)

148.75

148.75

 

XI.1.2 Transmission

 

XI.1.2.1 Operational Asset

 

XI.1.2.1.1 Transmission Lines

 

SPE

From - To

Eletrobras Companies (%)

Extension (km)

Tension (kV)

Beginning of Operation

End of Concession

AETE - Amazônia Eletronorte Transmissora de Energia S.A.

Coxipó-Cuiabá-Rondonópolis (MT), SS Portioning Cuiabá

Eletronorte (49%)

193

230

Aug/05

Feb/34

INTESA - Integração Transmissora de Energia S.A.

Colinas-Miracema-Gurupi-Peixe Nova-Serra da Mesa 2 (TO/GO)

Eletronorte (37%)
Chesf (12%)

695

500

May/08

Apr/36

BRASNORTE Transmissora de Energia S.A.

Jauru - Juba – C2 (MT) and Maggi - Nova Mutum (MT), SS Juba and SS Maggi - 230/138 kV

Eletronorte (49.71%)

402

230

Sep/09

Mar/38

Transmissora Matogrossense de Energia S.A. – TME

TL Jauru / Cuiabá, em 230 kV, Mato Grosso

Eletronorte (49%)

348

500

Nov/11

Nov/39

Manaus Transmissora de Energia S.A.

Oriximiná - Silves - Lechuga (AM), SS Silves (ex-Itacoatiara) and SS Lechuga (ex-Cariri)

Eletronorte (30%)
Chesf (19.5%)

559

500

Mar/13

Oct/38

Norte Brasil Transmissora de Energia S.A.

Collector Porto Velho (RO) - Araraquara (SPE)

Eletronorte (49%)

2411.9

600

Nov/14

Feb/39

Sistema de Transmissão do Nordeste S.A.

Teresina II/PI-Sobral III/CE;
Teresina II/PI-Fortaleza II/CE;
Sobral III/CE-Fortaleza II/CE

Chesf (49%)

546

500

Jan/06

Feb/34

Interligação Elétrica do Madeira S.A.

TL Collector Porto Velho/ Araraquara II, CS

Chesf (24.5%)
Furnas (24.5%)

2375

600

Aug/13

Feb/39

Interligação Elétrica Garanhuns S.A.

L.Gonzaga/Garanhuns II;
Garanhuns II/Campina Grande III;
Garanhuns II/Pau Ferro;
Garanhuns II/Angelim I

Chesf (49%)

224
190
239
13

500
500
500
230

Nov/15
Nov/15
Dec/15
Mar/16

Dec/41

Extremoz Transmissora do Nordeste –ETN S.A.

TL Ceará Mirim/João Câmara II
TL Ceará Mirim/ Extremoz II
TL Ceará Mirim/ Campina III, 500 kV
TL Campina Grande III/Campina Grande II, 230 kV

Chesf (100%)

64
26
201
8,5

500
230
500
230

Oct/14
Oct/14
May/15
May/15

Oct/41

Baguari Energia S.A.

HPU Baguari - SS Baguari

Furnas (15%)

0.8

230

Feb/10

Aug/41

Baguari Energia S.A.

SS Baguari - Mesquita – Governador Valadares

Furnas (15%)

2.5

230

Apr/10

Aug/41

Baguari Energia S.A.

SS Baguari – Mesquita

Furnas (15%)

69

230

Apr/10

Aug/41

Baguari Energia S.A.

SS Baguari - Gov. Valadares

Furnas (15%)

26

230

Apr/10

Aug/41

Centroeste de Minas

Furnas – Pimenta II

Furnas (49%)

62.7

345

Mar/10

Mar/35

Chapecoense Geração S.A.

SS Foz do Chapecó – Gurita

Furnas (40%)

72.6

230

Mar/11

Nov/36

Chapecoense Geração S.A.

SS Foz do Chapecó – SS Xanxerê

Furnas (40%)

77.6

230

Mar/11

Nov/36

Chapecoense Geração S.A.

HPU Foz do Chapecó – SS de Foz do Chapecó

Furnas (40%)

1

230

Mar/11

Nov/36

Enerpeixe S.A.

Peixe Angical – Peixe 2

Furnas (40%)

17

500

Apr/06

Nov/36

Goiás Transmissão S.A.

Rio Verde Norte – Trindade

Furnas (49%)

193

500

Dec/13

Jul/40

Goiás Transmissão S.A.

Trindade – Xavantes

Furnas (49%)

37

230

Dec/13

Jul/40

Goiás Transmissão S.A.

Trindade – Carajás

Furnas (49%)

29

230

Oct/13

Jul/40

MGE Transmissão S.A.

Mesquita - Viana 2

Furnas (49%)

248

500

Jun/14

Jul/40

MGE Transmissão S.A.

Viana 2 – Viana

Furnas (49%)

10

345

Jun/14

Jul/40

Retiro Baixo Energética S.A.

HPU Retiro Baixo – SS Curvelo

Furnas (49%)

45

138

Oct/10

Aug/41

Serra do Facão Energia S.A.

HPU Serra do Facão – SS Celg de Catalão

Furnas (49.5%)

32

138

Oct/10

Nov/36

Transenergia Renovável S.A.

Barra dos Coqueiros – Quirinópolis

Furnas (49%)

52.3

230

Apr/11

Apr/39

Transenergia Renovável S.A.

Quirinópolis - TPU Quirinópolis

Furnas (49%)

34.4

138

May/11

Jun/25

Transenergia Renovável S.A.

Quirinópolis - TPU Boavista

Furnas (49%)

16.7

138

May/11

Jun/25

Transenergia Renovável S.A.

Chapadão – Jataí

Furnas (49%)

131.5

230

Dec/12

Apr/39

Transenergia Renovável S.A.

Jataí – Mineiros

Furnas (49%)

61.4

138

Dec/12

Jun/25

Transenergia Renovável S.A.

Jataí - TPU Jataí

Furnas (49%)

51.2

138

Dec/12

Jun/25

Transenergia Renovável S.A.

Jataí - TPU Água Emendada

Furnas (49%)

32.6

138

Dec/12

Jun/25

Transenergia Renovável S.A.

Mineiros - Morro Vermelho

Furnas (49%)

45.2

138

Dec/12

Jun/25

Transenergia Renovável S.A.

Morro Vermelho - TPU Morro Vermelho

Furnas (49%)

31

138

Dec/12

Jun/25

Transenergia Renovável S.A.

Morro Vermelho - TPU Alto Taquari

Furnas (49%)

30.2

138

Jun/13

Jun/25

Transenergia Renovável S.A.

Palmeiras – Edéia

Furnas (49%)

57

230

May/13

Apr/39

Transenergia Renovável S.A.

Edéia - TPU Tropical Bionenergia I

Furnas (49%)

48.7

138

May/13

Jun/25

Transirapé

Irapé – Araçuaí

Furnas (24.5%)

65

230

May/07

Mar/35

Transleste

Montes Claros – Irapé

Furnas (24.5%)

138

345

Dec/06

Feb/34

Transudeste

Itutinga – Juiz de Fora

Furnas (25%)

140

345

Feb/07

Mar/35

Transenergia Goiás S.A.

Niquelândia - Barro Alto

Furnas (99%)

88

230

May/16

Nov/39

Energia Olímpica S.A.

Barra da Tijuca – SS Olímpica;

Furnas (49.9%)

10.8

138

May/15

n/a

Energia Olímpica S.A.

Gardênia – SS Olímpica

Furnas (49.9%)

2.9

138

May/15

n/a

Paranaíba Transmissora de Energia S.A.

Luziânia - Pirapora II

Furnas (24.5%)

350

500

May/16

May/43

Vale do São Bartolomeu Transmissora de Energia S.A.

Samambaia - Brasília Sul

Furnas (39%)

14

345

May/16

Oct/43

Etau

Campos Novos (SC) – Barra Grande (SC) – Lagoa Vermelha (RS) – Santa Marta (RS)

Eletrosul (27.42%)

188

230

Jul/05

Dec/32

Uirapuru

Ivaiporã (PR) – Londrina (PR)

Eletrosul (75%)

120

525

Jul/06

Mar/35

Transmissora Sul Brasileira de Energia – TSBE

Salto Santiago – Itá

Eletrosul (80%)

188

525

Feb/14

May/42

Transmissora Sul Brasileira de Energia – TSBE

Itá – Nova Santa Rita

Eletrosul (80%)

307

525

Aug/14

Jan/00

Transmissora Sul Brasileira de Energia – TSBE

Nova Santa Rita – Camaquã

Eletrosul (80%)

121

230

Dec/14

Jan/00

Transmissora Sul Brasileira de Energia – TSBE

Camaquã – Quinta

Eletrosul (80%)

167

230

Dec/14

Jan/00

Costa Oeste

Cascavel Oeste – Umuarama, CS

Eletrosul (49%)

151.5

230

Aug/14

Jan/42

Transmissora Sul Litorânea de Energia - TSLE

Povo Novo – Marmeleiro, CS

Eletrosul (51%)

152

525

Dec/14

Aug/42

Transmissora Sul Litorânea de Energia - TSLE

Nova santa Rita – Povo Novo, CS

Eletrosul (51%)

268

525

Apr/15

Jan/00

Transmissora Sul Litorânea de Energia - TSLE

Marmeleiro – Santa Vitória do Palmar

Eletrosul (51%)

48

525

Dec/14

Jan/00

Marumbi Transmissora de Energia S.A.

Curitiba/Curitiba Leste (PR)

Eletrosul (20%)

29.04

525

Jun/15

May/42

 

 

XI.1.2.1.2 Substations

 

SPE

Substation

Eletrobras Companies (%)

Transformation Capacity - MVA

Beginning of Operation

End of Concession

AETE - Amazônia Eletronorte Transmissora de Energia S.A.

SS Portioning Cuiabá

Eletronorte (49%)

n/a

Aug/05

Feb/34

BRASNORTE Transmissora de Energia S.A.

SS Juba
SS Maggi - 230/138 kV

Eletronorte (49.71%)

300
100

Sep/09

Mar/38

Manaus Transmissora de Energia S.A.

SS Silves (ex-Itacoatiara)
SS Lechuga (ex-Cariri)

Eletronorte (30%)
Chesf (19.5%)

150
1,800

Mar/13

Oct/38

INTESA - Integração Transmissora de Energia S.A.

SS Peixe 2
SS Serra da Mesa 2

Eletronorte (37%)
Chesf (12%)

n/a

May/08

Apr/36

Transmissora Matogrossense de Energia S.A. – TME

SS Jauru 500/230 kV

Eletronorte (49%)

750

Nov/11

Nov/39

Interligação Elétrica do Madeira S.A.

Retifier Station CA/CC of 500 kV to +/- 600 kV;
Inveter Station CC/CA de +/- 600 kV to 500 kV.

Chesf (24.5%)
Furnas (24.5%)

3,150
2,950

May/14

Feb/39

TDG – Transmissora Delmiro Gouveia S.A.

SS – Pecém II, de 500/230 kV;
SS – Aquiraz, de 230/69 kV

Chesf (49%)

3,600
450

Oct/13

Jul/40

Interligação Elétrica Garanhuns S.A.

SS – Garanhuns, 500/230 kV
SS – Pau Ferro, 500/230 kV

Chesf (49%)

600
1,500

Nov/15
Dec/15

Dec/41

Extremoz Transmissora do Nordeste - ETN S.A.

SS – João Câmara II, 500/138 kV
SS – Ceará Mirim, 500/230 kV
SS – Campina Grande III, 500/230 kV

Chesf (100%)

900
900
600

Oct/14
Oct/14
May/15

Oct/41

Luziânia Niquelândia Transmissora S.A.

SS Luziânia

Furnas (49%)

225

Jun/14

May/42

Luziânia Niquelândia Transmissora S.A.

SS Niquelândia

Furnas (49%)

30

Aug/15

May/42

Energia Olímpica S.A.

SS Olímpica 138/13,8 kV

Furnas (49.9%)

120

May/15

n/a

Caldas Novas Transmissão S.A. (1)

Epansion of SS Corfumbá

Furnas (49%)

150

Jul/13

Jun/41

Baguari Energia S.A.

SS Baguari Plant

Furnas (15%)

155.6

Aug/06

Aug/41

Chapecoense Geração S.A.

SS Foz do Chapecó Plant

Furnas (40%)

978

Nov/01

Nov/36

Enerpeixe S.A.

SS Peixe Angical Plant

Furnas (40%)

525

Nov/01

Nov/36

Goiás Transmissão S.A.

SS Trindade

Furnas (49%)

1,200

Nov/13

Jul/40

Madeira Energia S.A.

SS Santo Antônio Plant

Furnas (39%)

3,630

Aug/07

Jun/43

MGE Transmissão S.A.

Viana 2

Furnas (49%)

900

Aug/14

Jul/40

Retiro Baixo Energética S.A.

SS Retiro Baixo Plant

Furnas (49%)

100

Aug/06

Aug/41

Serra do Facão Energia S.A.

SS Serra do Facão Plant

Furnas (49.5%)

236.4

Nov/01

Nov/36

Transenergia Renovável S.A

Edéia

Furnas (49%)

150

Feb/12

Jun/25

Transenergia Renovável S.A

Jataí

Furnas (49%)

450

Dec/12

Jun/25

Transenergia Renovável S.A

Mineiros

Furnas (49%)

0

Dec/12

Jun/25

Transenergia Renovável S.A

Morro Vermelho

Furnas (49%)

0

Dec/12

Jun/25

Transenergia Renovável S.A

Quirinópolis

Furnas (49%)

225

Apr/11

Jun/25

Transenergia Renovável S.A

Itatiba

Furnas (49%)

800

Aug/12

Nov/39

Interligação Elétrica do Madeira S.A.

Retifier Station CA/CC from 500 kV to +/- 600 kV

Furnas (24.5%)

3,150

May/14

Feb/39

Interligação Elétrica do Madeira S.A.

Inverter Station CC/CA from +/- 600 kV to 500 kV

Furnas (24.5%)

2,950

May/14

Feb/39

Etau (2)

Lagoa Vermelha 2 230/138KV
Barra Grande 230/138 KV

Eletrosul (27.42%)

150
-

Jul/05

Dec/32

Transmissora Sul Brasileira de Energia – TSBE

Expansion of SS 525 KV Salto Santiago;
Expansion of SS 525 kV Itá
Expansion of SS 525/230kV; Nova Santa Rita;
Camaquã 3 230/69Kv ;
Expansion of SS 230 kV Quinta

Eletrosul (80%)

-
-
-

166
-

Feb/14
Aug/14
Aug/14
Dec/14
Dec/14

May/42

Costa Oeste (3)

Umuarama 230/138 kV

Eletrosul (49%)

300

Jul/14

Jan/42

Transmissora Sul Litorânea de Energia - TSLE

Povo Novo525/230 kV;
Santa Vitória do Palmar 525/138 kV;
Marmeleiro 525 kV – Synchrono Compensator ±200 Mvar;
Expansion of SS Nova Santa Rita 525kV.

Eletrosul (51%)

672
75
-

-

Dec/14
Dec/14
Dec/14

Apr/15

Aug/42

Marumbi Transmissora de Energia S.A.

Curitiba Leste - 525/230 KV

Eletrosul (20%)

672

Jun/15

May/42

(1) This project involves the expansion of SS Corumbá.

(2) Entrance lines and stations associated with TL Campos Novos - Santa Marta located at substations

(3) Commercial operation by sharing with Copel (TL Caiuá).

 

 

 

XI.2 Financing and Loans – R$ million

 

SPE

Eletrobras Companies (%)

BNDES (a)

Others Creditors (b)

Total (a+b)

2017

2018

2019

2020

2021

2022

After 2022

2017

2018

2019

2020

2021

2022

After 2022

Belo Monte Transmissora de Energia S.A

Eletronorte (24.5%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furnas (24.5%)

Energética Águas da Pedra S.A.

Eletronorte (24.5%)

34.00

33.70

33.40

33.40

33.40

33.40

135.70

-

-

-

-

-

-

-

337.00

Chesf (24.5%)

Norte Brasil Transmissora de Energia S.A.

Eletronorte (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Manaus Transmissora de Energia S.A.

Eletronorte (30%)

31.55

31.55

31.55

31.55

31.55

31.55

126.40

33.90

33.90

33.90

33.90

33.90

33.90

272.44

791.54

Chesf (19.5%)

Transmissora Matogrossense de Energia S.A.

Eletronorte (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brasventos Eolo Geradora de Energia S.A.

Eletronorte (24.5%)

24,233.00

22,185.00

-

-

-

-

-

-

-

-

-

-

-

-

46,418.00

Furnas (24.5%)

        

Brasventos Miassaba 3 Geradora de Energia S.A.

Eletronorte (24.5%)

24,396.00

22,334.00

-

-

-

-

-

-

-

-

-

-

-

-

46,730.00

Furnas (24.5%)

Rei dos Ventos 3 Geradora de Energia S.A.

Eletronorte (24.5%)

25,539.00

23,381.00

-

-

-

-

-

-

-

-

-

-

-

-

48,920.00

Furnas (24.5%)

  

Norte Energia S.A.

Eletronorte (19.98%)

193.88

436.20

540.58

612.56

612.56

612.56

11,544.66

85.33

266.75

361.67

418.21

418.21

418.21

7,980.79

24,502.16

Chesf (15%)

Eletrobras Holding (15%)

Sistema de Transmissão Nordeste S.A.

Chesf (49%)

-

-

-

-

-

-

-

10.43

21.42

22.53

23.71

18.25

13.50

21.35

131.19

Integração Transmissora de Energia S.A

Chesf (12%)

30.92

30.92

30.92

26.25

-

-

-

-

-

-

-

-

-

-

119.01

Interligação Elétrica do Madeira S.A.

Chesf (24.5%)

123.00

123.00

123.00

123.00

123.00

123.00

702.70

20.00

40.30

58.30

71.80

76.30

80.80

379.70

2,167.90

 

Furnas (24.5%)

Interligação Elétrica Garanhuns S.A.

Chesf (49%)

17.04

32.34

32.34

32.34

32.34

32.34

117.83

-

-

-

-

-

-

-

296.56

Transmissora Delmiro Gouveia S.A.

Chesf (49%)

-

-

-

-

-

-

-

3.00

4.00

4.00

5.00

6.00

7.00

136.00

165.00

ESBR Participações S.A.

Chesf (20%)

308.92

308.92

314.68

314.68

314.68

314.68

3,790.98

313.66

313.66

313.66

313.66

313.66

313.66

3,837.18

11,386.70

 

Eletrosul (20%)

São Pedro do Lago S.A.

Chesf (49%)

5.05

5.05

5.05

5.05

5.05

5.05

34.51

-

-

-

-

-

-

-

64.81

Pedra Branca S.A.

Chesf (49%)

4.90

4.90

4.90

4.90

4.90

4.90

33.47

-

-

-

-

-

-

-

62.87

Sete Gameleiras S.A.

Chesf (49%)

4.91

4.91

4.91

4.91

4.91

4.91

33.59

-

-

-

-

-

-

-

63.05

Baraúnas I Energética S.A.

Chesf (49%)

4.48

4.48

4.48

4.48

4.48

4.48

41.38

-

-

-

-

-

-

-

68.26

Morro Branco I Energética S.A.

Chesf (49%)

4.95

4.95

4.95

4.95

4.95

4.95

50.70

-

-

-

-

-

-

-

80.40

Mussambê Energética S.A.

Chesf (49%)

4.33

4.33

4.33

4.33

4.33

4.33

40.04

-

-

-

-

-

-

-

66.02

Chapada do Piauí I Holding (1)

Chesf (49%)

21.60

39.49

40.38

41.55

42.15

42.76

367.22

2.10

-

-

-

-

-

79.85

677.10

Chapada do Piauí II Holding (2)

Chesf (49%)

34.17

32.95

33.43

33.91

34.40

34.89

311.55

-

-

-

-

-

-

-

515.29

Eólica Serra das Vacas I S.A.

Chesf (49%)

8.46

8.63

8.81

9.00

9.21

9.43

106.23

-

-

-

-

-

-

-

159.77

Eólica Serra das Vacas II S.A.

Chesf (49%)

7.51

7.67

7.83

8.00

8.18

8.38

94.37

-

-

-

-

-

-

-

141.93

Eólica Serra das Vacas III S.A.

Chesf (49%)

7.51

7.67

7.83

8.00

8.18

8.38

94.37

-

-

-

-

-

-

-

141.93

Eólica Serra das Vacas IV S.A.

Chesf (49%)

7.51

7.67

7.83

8.00

8.18

8.38

94.37

-

-

-

-

-

-

-

141.93

Vamcruz I

Chesf (49%)

-

-

-

-

-

-

-

16.84

16.95

16.95

16.95

16.95

16.95

162.46

264.07

Foz do Chapecó

Furnas (40%)

847.59

847.59

847.59

847.59

579.55

-

-

435.38

435.38

435.38

435.38

297.69

-

-

6,009.12

Enerpeixe

Furnas (40%)

-

-

-

-

-

-

  

-

-

-

-

-

-

-

-

Santo Antônio

Furnas (39%)

488.26

579.93

587.03

587.03

7,654.91

-

-

73.79

44.09

138.57

217.69

3,907.68

-

-

14,278.98

Teles Pires

Furnas (24.5%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Eletrosul (24.72%)

Centro Oeste de Minas

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Serra do Facão

Furnas (49.5%)

364.63

326.38

287.94

249.63

211.81

-

-

-

-

-

-

-

-

-

1,440.37

Retiro Baixo

Furnas (49%)

135.20

118.80

105.70

92.50

79.40

66.20

65.10

-

-

-

-

-

-

-

662.90

Goiás Transmissão

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

MGE Transmissão

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transenergia São Paulo

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transenergia Renovável

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Triângulo Mineiro Transmissão S.A.

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vale de São Bartolomeu Transmissão S.A.

Furnas (39%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mata de Santa Genebra S.A.

Furnas (49.9%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Companhia Transirapé de Transmissão S.A.

Furnas (24.5%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Companhia Transleste de Transmissão S.A.

Furnas (24.5%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Companhia Transudeste de Transmissão S.A.

Furnas (25%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

São Manoel

Furnas (33.33%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Paranaíba Transmissora de Energia S.A.

Furnas (24.5%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Caldas Novas Transmissão S.A.

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Luziânia Transmissora de Energia S.A.

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Itaguaçu da Bahia

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de Santa Luiza

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de Santa Madalena

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de Santa Marcella

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de Santa Vera

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de São Cirilo

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de São Bento

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de São João

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de Santo Antônio

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Geradora Eólica Ventos de São Rafael

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Itaguaçu da Bahia Energias Renováveis S.A.

Furnas (49%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Uirapuru Transmissora de Energia S.A.

Eletrosul (75%)

-

-

-

-

-

-

-

6.24

6.24

1.56

-

-

-

-

14.04

Transmissora Sul Litorânea de Energia S.A.

Eletrosul (51%)

34.73

34.73

34.73

34.73

34.73

34.73

243.12

-

-

-

-

-

-

-

451.50

Transmissora Sul Brasileira de Energia S.A.

Eletrosul (80%)

20.19

20.19

20.19

20.19

20.19

20.19

101.54

0.52

0.31

1.86

4.38

6.19

7.74

81.90

325.58

Santa Vitória do Palmar Holding S.A.

Eletrosul (49%)

15.29

16.51

18.18

19.64

21.35

22.98

302.34

7.65

8.39

10.29

9.91

12.93

17.11

250.73

733.27

Marumbi Transmissora de Energia S.A.

Eletrosul (20%)

7.91

7.32

6.88

6.59

6.59

6.59

6.06

-

-

-

-

-

-

-

47.94

Livramento Holding S.A.

Eletrosul (59%)

3.29

3.29

3.29

3.29

3.29

3.29

24.70

-

-

-

-

-

-

-

44.45

Chuí Holding S.A.

Eletrosul (49%)

23.32

23.32

23.32

23.32

23.32

23.32

209.89

-

-

-

-

-

-

-

349.82

Costa Oeste Transmissora de Energia S.A.

Eletrosul (49%)

5.25

4.75

4.37

4.04

4.04

4.04

2.21

-

-

-

-

-

-

-

28.69

Fronteira Oeste Transmissora de Energia

Eletrosul (51%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Chuí IX

Eletrosul (99.99%)

2.07

2.07

2.07

2.07

2.07

2.07

19.67

0.89

0.89

0.89

0.89

0.89

0.89

8.43

45.85

Hermenegildo I

Eletrosul (99.99%)

7.19

7.19

7.19

7.19

7.19

7.19

68.29

3.08

3.08

3.08

3.08

3.08

3.08

29.27

159.16

Hermenegildo II

Eletrosul (99.99%)

7.19

7.19

7.19

7.19

7.19

7.19

68.30

3.08

3.08

3.08

3.08

3.08

3.08

29.27

159.20

Hermenegildo III

Eletrosul (99.99%)

6.13

6.13

6.13

6.13

6.13

6.13

58.19

2.63

2.63

2.63

2.63

2.63

2.63

24.94

135.63

Empresa de Transmissão do Alto Uruguai S.A.

Eletrosul (51%)

7.57

0.63

-

-

-

-

-

-

0.15

10.12

0.16

0.01

-

-

18.64

Paraíso Transmissora de Energia S.A.

Eletrosul (24.5%)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(1) The participation of SPEs V. Santa Joana IX, X, XI, XII, XIII, XIV and XV Renewable Energy SA were merged into the Chapada company Piaui I Holding S.A.

(2) The participation of SPEs V. Santa Joana I, III, IV, V, VII, Santo Augusto IV Energia Renováveis S.A. were merged into the Chapada company Piaui II Holding S.A.


61

 

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 16, 2016
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
By:
/S/ Armando Casado de Araujo
 
Armando Casado de Araujo
Chief Financial and Investor Relation Officer
 
 

 

 
FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.