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 December, 2014

Commission File Number 1-34129


CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
(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____

 

 

 

 

MARKET ANNOUNCEMENT

 

 

We hereby Inform our shareholders and the market in general that controlled Companhia Hidroeletrica do Sao Francisco S.A - CHESF, according to ANEEL Resolution number 596 of 12.10.2013 , presented on December 11, 2014 , within the Agência Nacional de Energia Elétrica - ANEEL, supporting documentation, prepared by Deloitte Touche Tohmatsu Consultores Ltda, of the investments linked to reversible assets, not yet amortized or not depreciated, of the hydroelectric plants Xingó, Paulo Afonso I, II, III and IV, Apolonio Sales (Moxotó), Luiz Gonzaga (Itaparica), Boa Esperança, Pedra and Funil, with total installed capacity of 9,208.5 MW, whose concessions were renewed under the Law 12,783/2013, for the purposes of supplementary compensation in generation application process.

 

The supporting documentation certifies the amount of R$ 4,802.3 million, in December 2012, as the base value for said indemnifying.

 

The Company clarifies that the value encountered by CHESF is subject to approval by ANEEL, and thus, the economic and financial effects for the Company, as well as its effects on the financial statements, are conditioned to such approval.

 

 

Rio de Janeiro, December 11, 2014.

 

Armando Casado de Araújo

CFO and Investor Relations Officer

 

 

 

 

 

 

 
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: December 11, 2014
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
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.