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____.
CPFL ENERGIA S.A.
Publicly held Corporation
CNPJ 02.429.144/0001-93 - NIRE 353.001.861-33
MATERIAL FACT
CPFL Energia S.A. (“CPFL Energia” or “Company”), in compliance with the provisions of article 157, paragraph 4 of Law No. 6,404/76 (“Corporation Law”), and Brazilian Securities Commission (“CVM”) Ruling No. 358/2002, informs to its shareholders and to the market at large that, as a result of an alert issued by the CVM within its supervision activities, it has changed its understanding in relation to the characterization as a projection of the data disclosed as Capital Expenditure forecast for the next years.
Up to this date, the Company presented such data both in item 11 (Projections) of its Reference Form, with the forecast for the next 5 years, and in item 10.8 (a)(i) (Investments Forecasts), with the previsions for the next two years.
However, with such change in the understanding, the Company shall cease to disclose the data in item 11 of the Reference Form and shall keep it only in item 10.8, as an investment forecast, with the forecast for the next five years.
This decision has been taken based on the understanding that the Capital Expenditure forecast is more predictable and susceptible to commitment by the Company’s management, as opposed to actual projections that are hypothetical data that do not constitute promise of performance.
In view of the abovementioned, the Company shall refile today its Reference Form to reflect the indicated adjustments.
Finally, the Company emphasizes that its policy henceforth shall be not to disclose projections - since the only data disclosed up to this date were those related to the Capital Expenditures forecasts. Our Investor Relations area shall be at your disposal to clarify any doubts.
Campinas, March 9th, 2018.
CPFL ENERGIA S.A.
Gustavo Estrella
Chief Financial and Investor Relations Officer
CPFL ENERGIA S.A. | ||
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By: |
/S/ GUSTAVO ESTRELLA
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Name: Title: |
Gustavo Estrella Chief Financial Officer and Head of Investor Relations |
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 of future 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.