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 1Q16
Summary
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Conference Call in Portuguese May 16, 2016 2:00 PM (Brasília) 1:00 PM (New York) 6:00 PM (London) Phone: +55 (11) 3137-8030 Password: 9532 Conference Call in English May 16, 2016 2:00 PM (Brasília) 1:00 PM (New York) 6:00 PM (London) Phone: +1 786 837 9597 (New York) (+44) 20 3318 3776 (London) Senha: 9532 IR Contact: www.eletrobras.com/elb/ri Tel: (55) (21) 2514-6333 | |
IV. Eletrobras Companies Information |
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V. Market Data of Eletrobras Companies |
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VI.Generation Data – Asset under Integral Responsability |
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VII. Transmission – Assets under Integral Responsability |
58 |
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VIII. Distribution Data |
65 |
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IX. Investments |
67 |
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X. Employees - Effective Headcount |
68 |
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XI.SPEs Data |
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2
Marketletter 1Q16
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 03/31/2016 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletropar |
Eletronuclear |
CGTEE |
Amazonas GT |
| ||||||||
CURRENT |
| |||||||
Cash and Cash Equivalent |
15,316 |
182,767 |
19,828 |
55,270 |
19,881 |
4,629 |
64,752 |
50,129 |
Clients (Consumers and Resellers) |
550,101 |
329,059 |
230,768 |
1,206,605 |
- |
174,748 |
20,831 |
477,162 |
Financing and Loans |
1,276 |
2,951 |
1,475 |
- |
- |
- |
- |
- |
Marketable Securities |
750,864 |
34,088 |
131,071 |
614,458 |
47,919 |
369,838 |
- |
251,489 |
Dividends to Receive (Remuneration of Equity Participations) |
101,101 |
17,302 |
2,745 |
- |
638 |
- |
- |
- |
Deferred Fiscal Assets (Tax and Contributions) |
22,524 |
10,708 |
6,666 |
196,557 |
2,130 |
17,990 |
7,742 |
21,928 |
Income Tax and Social Contribution |
176,733 |
163,171 |
31,979 |
- |
- |
12,596 |
- |
- |
Derivatives |
- |
- |
- |
44,938 |
- |
- |
- |
- |
Reimbursement Rights |
- |
- |
- |
- |
- |
- |
22,444 |
- |
Linked Deposits |
- |
93,164 |
50,544 |
- |
- |
- |
- |
- |
Stored Materials |
29,823 |
82,257 |
37,249 |
108,144 |
- |
112,665 |
37,162 |
28,484 |
Amounts to Receive - 12,783/2013 Law |
- |
- |
- |
- |
- |
- |
- |
- |
Nuclear Fuel Storage |
- |
- |
- |
- |
- |
402,453 |
- |
- |
Financial Asset |
- |
123,959 |
53,346 |
356,537 |
- |
- |
- |
- |
Hydrological risk |
111,380 |
- |
2,007 |
22,796 |
- |
- |
- |
7,650 |
Others |
1,759,118 |
1,039,426 |
567,678 |
2,605,305 |
70,568 |
1,094,919 |
152,931 |
836,842 |
CURRENT TOTAL |
2,116,495 |
1,372,900 |
871,231 |
2,853,153 |
73,268 |
1,178,888 |
161,187 |
847,871 |
|
|
|
|
|
|
|
| |
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) |
519,543 |
3,797 |
640,139 |
5,221 |
- |
- |
- |
- |
Financing and Loans - principal |
1,014 |
265 |
2,445 |
- |
- |
- |
- |
- |
Marketable Securities |
- |
1,591 |
42 |
249 |
- |
- |
- |
- |
Diferred Fiscal Asset (Taxes and Contributions) |
- |
178,802 |
4,201 |
19,226 |
3,870 |
- |
33,659 |
- |
Income Tax and Social Contribution |
- |
(3) |
117,253 |
1,205,422 |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
54,517 |
- |
- |
- |
- |
Reimbursement Rights |
- |
- |
- |
- |
- |
- |
- |
- |
Linked Deposits |
712,665 |
1,006,417 |
173,564 |
497,115 |
55 |
60,473 |
6,413 |
51,837 |
Financial Asset |
6,988,345 |
4,489,511 |
1,798,699 |
5,670,846 |
- |
542,487 |
- |
- |
Financial Asset – Indemnitiable Concessions (Generation) |
1,206,619 |
704,867 |
- |
- |
- |
- |
- |
- |
Advance for equity participation |
67,517 |
436,705 |
856,991 |
61,649 |
- |
- |
- |
- |
Hydrological risk |
294,541 |
- |
24,085 |
232,696 |
- |
- |
- |
15,014 |
Others |
219,552 |
197,378 |
104,862 |
2,220,436 |
2,768 |
500,730 |
147,581 |
9,071 |
LONG-TERM ASSET TOTAL |
10,009,796 |
7,019,330 |
3,722,281 |
9,967,377 |
6,693 |
1,103,690 |
187,653 |
75,922 |
|
|
|
|
|
|
|
| |
INVESTIMENTS |
6,350,346 |
4,646,584 |
2,155,923 |
4,144,447 |
99,778 |
- |
- |
- |
|
|
|
|
|
|
|
| |
FIXED ASSET |
5,861,875 |
1,665,795 |
3,281,735 |
7,042,080 |
33 |
7,224,178 |
1,416,379 |
1,841,749 |
|
|
|
|
|
|
|
| |
INTANGIBLE ASSET |
143,183 |
61,612 |
218,830 |
173,516 |
26 |
58,595 |
1,831 |
5,357 |
|
|
|
|
|
|
|
| |
NON-CURRENT ASSET TOTAL |
22,365,200 |
13,393,321 |
9,378,769 |
21,327,420 |
106,530 |
8,386,463 |
1,605,863 |
1,923,028 |
|
|
|
|
|
|
|
| |
ASSET TOTAL |
24,481,695 |
14,766,221 |
10,250,000 |
24,180,573 |
179,798 |
9,565,351 |
1,767,050 |
2,770,899 |
3
Marketletter 1Q16
LIABILITIES 03/31/2016 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletropar |
Eletronuclear |
CGTEE |
Amazonas GT |
| ||||||||
CURRENT |
|
|
|
|
|
|
|
|
Suppliers |
488,269 |
379,519 |
181,622 |
544,338 |
- |
563,458 |
194,630 |
27,090 |
Loans and Financing - principal |
840,000 |
334,285 |
730,048 |
557,191 |
- |
242,388 |
237,126 |
968,095 |
Loans and Financing - charges |
211,655 |
14,456 |
34,185 |
34,613 |
- |
19,448 |
7,162 |
104 |
Bonds |
- |
- |
- |
15,583 |
- |
- |
- |
- |
Tax and Social Contributions |
255,442 |
90,384 |
66,995 |
157,153 |
84 |
64,742 |
18,360 |
54,726 |
Income Tax and Social Contribution |
44,124 |
14,985 |
193 |
102,314 |
368 |
- |
- |
- |
Derivatives |
- |
- |
- |
188 |
- |
- |
- |
- |
Reimbursement Obligations |
- |
- |
- |
- |
- |
- |
- |
- |
Advance to clients (Early Energy Sale) |
- |
- |
- |
54,682 |
- |
- |
- |
- |
Shareholders Remuneration (dividends to pay) |
- |
- |
40,671 |
10,910 |
1,341 |
- |
77,368 |
- |
Estimated Obligations |
162,323 |
190,821 |
71,583 |
181,431 |
316 |
87,537 |
9,240 |
15,534 |
Provisions for Contingencies |
- |
27,783 |
- |
- |
300 |
- |
52,952 |
- |
Post-Employment Benefit (Complementary Pension Fund) |
8,379 |
26,637 |
6,473 |
- |
- |
2,639 |
- |
- |
Leasing |
- |
- |
- |
- |
- |
- |
- |
- |
Onerous Contracts |
- |
- |
- |
9,073 |
- |
- |
- |
- |
Concessions to Pay - UBP |
1,265 |
- |
2,375 |
- |
- |
- |
- |
- |
Sector Charges (statutory tax) |
120,261 |
124,574 |
43,923 |
332,583 |
- |
4,279 |
1,305 |
- |
Others |
390,896 |
120,326 |
164,138 |
1,205,120 |
8,266 |
251,295 |
28,944 |
548,495 |
CURRENT TOTAL |
2,522,614 |
1,323,770 |
1,342,206 |
3,205,179 |
10,675 |
1,235,786 |
627,087 |
1,614,044 |
|
|
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
|
|
Shareholders Remuneration (dividends to pay) |
- |
- |
- |
- |
- |
- |
- |
- |
Suppliers |
- |
- |
- |
293,527 |
- |
- |
18,920 |
- |
Loans and Financing - principal |
8,806,421 |
982,797 |
3,685,283 |
4,211,279 |
- |
7,122,380 |
2,255,735 |
521,148 |
Bonds |
- |
- |
- |
209,182 |
- |
- |
- |
- |
Tax and Social Contributions |
569,809 |
29,782 |
21,462 |
- |
- |
22,522 |
- |
- |
Income Tax and Social Contribution |
192,928 |
55,808 |
- |
- |
14,267 |
- |
- |
- |
Derivatives |
- |
- |
- |
54,296 |
- |
- |
- |
- |
Reimbursement Obligations |
- |
- |
- |
- |
- |
- |
- |
- |
Advance to clients (Early Energy Sale) |
- |
- |
- |
644,370 |
- |
- |
- |
- |
Estimated Obligations |
46,022 |
59,396 |
5,674 |
13,132 |
- |
55,473 |
1,262 |
- |
Provisions for Contingencies |
719,064 |
1,731,558 |
93,216 |
828,651 |
- |
188,668 |
- |
66,156 |
Provision for uncovered liability in invested company |
- |
- |
261,853 |
- |
- |
- |
- |
- |
Post-Employment Benefit (Complementary Pension Fund) |
183,193 |
1,193,535 |
184,078 |
25,591 |
- |
41,523 |
7,112 |
95 |
Leasing |
- |
- |
- |
- |
- |
- |
- |
- |
Provision for Onerous Contracts |
935,561 |
213,798 |
- |
239,382 |
- |
- |
- |
- |
Concessions to Pay - UBP |
35,835 |
- |
24,792 |
- |
- |
- |
- |
- |
Sector Charges (statutory tax) |
120,638 |
269,467 |
- |
- |
- |
- |
4,333 |
- |
Obligations for asset demobilization (Nuclear Power Plants) |
- |
- |
- |
- |
- |
1,221,677 |
- |
- |
Advance for future capital Increase |
45,070 |
- |
3 |
- |
- |
- |
342,876 |
- |
Others |
3 |
98,222 |
107,691 |
1,968,074 |
2,768 |
- |
- |
511,084 |
NON-CURRENT TOTAL |
11,654,544 |
4,634,363 |
4,384,052 |
8,487,484 |
17,035 |
8,652,243 |
2,630,238 |
1,098,483 |
|
|
|
|
|
|
|
| |
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 |
- |
- |
162,387 |
394,354 |
481 |
- |
2,596 |
- |
Additional Dividend Purposed |
- |
- |
- |
30,210 |
4,020 |
- |
- |
- |
Profit/Losses Accumulated |
100,783 |
(4,260,321) |
(26,623) |
656,342 |
1,403 |
(6,848,341) |
(2,297,355) |
(377,501) |
Others Comprehensive Income |
(1,381,478) |
(1,617,657) |
(129,475) |
(26,146) |
28,130 |
(81,595) |
(41,026) |
(877) |
Non-controlling shareholders Participation |
1,033 |
15,914 |
15,114 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
| |
STOCKHOLDERS’ EQUITY TOTAL |
10,304,537 |
8,808,088 |
4,380,629 |
12,631,023 |
152,088 |
(322,678) |
(1,490,275) |
58,372 |
|
|
|
|
|
|
|
| |
LIABILITIES AND STOCKHOLDERS’ EQUITY TOTAL |
24,481,695 |
14,766,221 |
10,106,887 |
24,323,686 |
179,798 |
9,565,351 |
1,767,050 |
2,770,899 |
4
Marketletter 1Q16
STATEMENT OF INCOME 03/31/2016 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletropar |
Eletronuclear |
CGTEE |
Amazonas GT |
| ||||||||
Operational Revenues |
1,285,009 |
864,056 |
373,164 |
1,227,375 |
- |
635,324 |
13,619 |
65,650 |
|
|
|
|
|
|
|
| |
Electric Energy – sale to Distribution Companies |
889,988 |
46,051 |
- |
726,003 |
- |
721,968 |
21,860 |
114,742 |
Electric Energy - Generation |
- |
191,718 |
111,999 |
261,403 |
- |
- |
- |
- |
Short Term Electric Energy |
5,292 |
10,043 |
63,120 |
138,970 |
- |
- |
- |
- |
Renewed Plants Operation and Maintenance Revenue |
199,397 |
307,200 |
- |
3,446 |
- |
- |
- |
- |
Construction Plants Revenue |
(25,473) |
7,743 |
- |
- |
- |
- |
- |
- |
Renewed Lines Operation and Maintenance Revenue |
272,221 |
221,839 |
151,743 |
109,802 |
- |
- |
- |
- |
Operation and Maintenance Revenue |
7,848 |
14,214 |
24,572 |
709 |
- |
- |
- |
- |
Construction Revenue - Transmission |
69,479 |
208,173 |
20,157 |
14,100 |
- |
- |
- |
- |
Financial – Return on Investment |
46,368 |
6,100 |
41,994 |
83,190 |
- |
- |
- |
- |
Others Operational Revenues |
7,603 |
8,734 |
6,344 |
47,721 |
- |
- |
1,183 |
- |
|
|
|
|
|
|
|
| |
Deductions to Operational Revenues |
(187,714) |
(157,759) |
(46,765) |
(157,969) |
- |
(86,644) |
(9,424) |
(49,092) |
|
|
|
|
|
|
|
| |
Operational Expenses |
(957,237) |
(909,704) |
(267,364) |
(682,986) |
(1,944) |
(446,146) |
(190,111) |
(136,157) |
|
|
|
|
|
|
|
| |
Personnel, Material and Services |
(423,289) |
(286,794) |
(121,273) |
(360,616) |
(975) |
(172,402) |
(68,737) |
(35,226) |
Energy Purchased for Resale |
(137,269) |
(102,939) |
(70,457) |
(44,818) |
- |
- |
(61,288) |
- |
Charges on eletric grid Usage |
(116,967) |
(159,791) |
(4,579) |
(122,240) |
- |
(22,341) |
(10,359) |
(1,201) |
Construction |
(44,006) |
(215,916) |
(20,157) |
(14,100) |
- |
- |
- |
- |
Fuel used to produce electric energy |
(128,519) |
(7,803) |
- |
(3,717) |
- |
(96,918) |
(12,877) |
(52,202) |
Remuneration and Reimbursement (Royalties – Hydric Resources) |
(33,418) |
(2,335) |
(3,778) |
(57,129) |
- |
- |
- |
(807) |
Depreciation and Amortization |
(68,968) |
(25,699) |
(37,638) |
(107,670) |
(6) |
(98,523) |
(18,105) |
(15,837) |
Operating Provisions |
75,786 |
(59,861) |
(389) |
65,698 |
(713) |
(19,345) |
(6,156) |
(1,445) |
Others |
(80,587) |
(48,566) |
(9,093) |
(38,394) |
(250) |
(36,617) |
(12,589) |
(29,439) |
|
|
|
|
|
|
|
| |
OPERATING RESULT BEFORE FINANCIAL RESULT |
327,772 |
(45,648) |
105,800 |
544,389 |
(1,944) |
189,178 |
(176,492) |
(70,507) |
|
|
|
|
|
|
|
| |
FINANCIAL REVENUES (EXPENSES) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue from financial investments |
34,681 |
24,331 |
12,148 |
40,558 |
2,899 |
376 |
818 |
7,430 |
Interest, Commission and Rates revenue (loans and financing) |
15,746 |
- |
- |
- |
- |
- |
- |
- |
Debt Charges |
(238,519) |
(34,665) |
(117,727) |
(154,222) |
- |
(19,743) |
(100,186) |
(56,813) |
Charges – shareholders remuneration |
- |
- |
(1,258) |
- |
- |
- |
(2,440) |
- |
Moratorium Increase on electric energy |
6,639 |
25,118 |
- |
42,594 |
- |
- |
- |
- |
Net Monetary Updates |
(56,567) |
2,524 |
(5,413) |
56,459 |
- |
(24,335) |
- |
(17,101) |
Net Exchange Updates |
46,272 |
- |
11,641 |
48,501 |
- |
(25,226) |
2,675 |
- |
Others Financial Revenues |
44,679 |
28,466 |
26,985 |
7,357 |
- |
960 |
130 |
2,698 |
Others Financial Expenses |
(33,452) |
(18,300) |
(43,323) |
(11,026) |
(96) |
(58,267) |
(4,152) |
(2) |
Derivatives |
- |
- |
- |
78,930 |
- |
- |
- |
- |
|
|
|
|
|
|
|
| |
FINANCIAL RESULT |
(180,521) |
27,474 |
(116,947) |
109,151 |
2,803 |
(126,235) |
(103,155) |
(63,788) |
|
|
|
|
|
|
|
| |
EQUITY PARTICIPATION RESULT |
(20,005) |
20,289 |
(18,128) |
59,565 |
912 |
- |
- |
- |
|
|
|
|
|
|
|
| |
RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION |
127,246 |
2,115 |
(29,275) |
713,105 |
1,771 |
62,943 |
(279,647) |
(134,295) |
|
|
|
|
|
|
|
| |
Income Tax and Social Contribution and Fiscal Incentives Revenue |
(26,472) |
(9,723) |
4,773 |
(56,764) |
(368) |
(34,097) |
- |
- |
|
|
|
|
|
|
|
| |
RESULT BEFORE EQUITY PARTICIPATIONS |
100,774 |
(7,608) |
(24,502) |
656,341 |
1,403 |
28,846 |
(279,647) |
(134,295) |
|
|
|
|
|
|
|
| |
Minority Participation |
- |
- |
- |
- |
- |
- |
- |
- |
NET PROFIT OF THE PERIOD |
100,774 |
(7,608) |
(24,502) |
656,341 |
1,403 |
28,846 |
(279,647) |
(134,295) |
5
Marketletter 1Q16
CASH FLOW 03/31/2016 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletronuclear |
CGTEE |
Eletropar |
Amazonas GT |
Operating Activities |
||||||||
Profit (loss) before income tax and social contribution |
127,246 |
2,115 |
(30,836) |
713,105 |
62,943 |
(279,647) |
1,771 |
(134,295) |
Depreciation and Amortization |
68,968 |
25,699 |
37,638 |
107,670 |
98,523 |
19,400 |
6 |
15,837 |
Net monetary variation |
- |
(2,525) |
(3,109) |
(56,459) |
24,335 |
- |
- |
17,099 |
Net exchange variation |
- |
- |
- |
(48,501) |
25,226 |
(2,675) |
- |
- |
Financial Charges |
253,146 |
34,665 |
103,330 |
154,222 |
31,167 |
100,217 |
- |
56,813 |
Equity Result |
20,005 |
(20,289) |
18,128 |
(59,565) |
- |
- |
(912) |
- |
Provision for uncovered liability |
- |
- |
- |
- |
- |
- |
- |
- |
Provision for doubtful credit liquidation |
8,409 |
26,236 |
149 |
14,576 |
- |
- |
- |
- |
Provisions for contingencies |
(16,040) |
73,595 |
246 |
(84,901) |
8,865 |
5,872 |
- |
1,445 |
Provision for staff realignment |
- |
- |
- |
- |
- |
- |
- |
- |
Provision for loss with Investments |
- |
- |
- |
- |
- |
- |
- |
- |
Provision for reduction on recoverable amount of Investment |
- |
(6,755) |
- |
- |
- |
- |
713 |
- |
Provision for onerous contracts |
(67,337) |
(33,214) |
- |
- |
- |
- |
- |
- |
Provision for loss with Financial Asset |
- |
- |
- |
- |
- |
- |
- |
- |
Global reversal reserve charges |
42,296 |
- |
- |
- |
- |
- |
- |
- |
Adjustment to Present Value / Market Value |
- |
- |
- |
- |
20,491 |
- |
- |
- |
Minority Participation in Result |
9 |
- |
- |
- |
- |
- |
- |
- |
Charges on Shareholders funds |
- |
- |
1,258 |
- |
- |
2,440 |
- |
- |
Financial Asset Revenue |
(46,368) |
(6,100) |
(41,994) |
(83,190) |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
(78,930) |
- |
- |
- |
- |
Others |
(73,067) |
4,265 |
(151,929) |
(71,205) |
134,630 |
- |
- |
82,906 |
(Increase) decrease on operating asset/liability |
(22,807) |
(14,802) |
33,856 |
(379,549) |
(280,820) |
60,452 |
12,737 |
(8,344) |
|
|
|
|
|
|
|
| |
Cash from Operating Activities |
294,460 |
82,890 |
(33,263) |
175,774 |
100,134 |
(93,941) |
14,315 |
31,461 |
|
|
|
|
|
|
|
| |
Payment of financial charges |
(162,688) |
(31,937) |
(88,661) |
(78,695) |
(40,978) |
(1,831) |
- |
(16,354) |
Payment of charges of global reversal reserve |
(56,724) |
- |
- |
- |
- |
- |
- |
- |
Financial charges receivable |
78 |
- |
63 |
- |
- |
- |
- |
- |
Remuneration from equity investments received |
42,671 |
21,052 |
6 |
- |
- |
- |
547 |
- |
Annual allowed Revenue Receiving (Financial Asset) |
61,616 |
(183,926) |
229,936 |
87,949 |
- |
- |
- |
- |
Financial Asset Indemnities Receiving |
- |
- |
- |
- |
- |
- |
- |
- |
Payment of income tax and social contribution |
- |
(605) |
(104) |
- |
(41,258) |
- |
(368) |
- |
Complementary pension fund payment |
(2,859) |
(20,156) |
- |
- |
- |
- |
- |
- |
Payment of lawsuit contingencies |
- |
(2,573) |
- |
(535) |
- |
- |
- |
- |
Lawsuit Deposits |
(99,447) |
(4,764) |
(7,804) |
(11,274) |
- |
(1,365) |
- |
12,315 |
|
|
|
|
|
|
|
| |
Net Cash from Operating Activities |
77,107 |
(140,019) |
100,173 |
173,219 |
17,898 |
(97,137) |
14,493 |
27,422 |
|
|
|
|
|
|
|
| |
Financing Activities |
|
|
|
|
|
|
|
|
Loans and financing obtained |
- |
20,969 |
744,085 |
(13,083) |
478,000 |
- |
- |
- |
Loans and financing payable - principal |
(110,008) |
(139,555) |
(720,387) |
(180,760) |
(26,349) |
(5,767) |
- |
- |
Payment to Shareholders |
- |
- |
- |
- |
- |
- |
- |
- |
Payment of refinancing of taxes and contributions - Principal |
(34,977) |
- |
(4,658) |
- |
- |
- |
- |
- |
Global Reversion Reserve Replacement |
- |
- |
- |
- |
- |
- |
- |
- |
Receiving of advance for future capital increase (AFAC) |
- |
- |
6 |
- |
- |
165,442 |
- |
- |
Others |
(35,410) |
(87,815) |
(1,717) |
- |
- |
- |
- |
- |
Net Cash from Financing Activities |
(180,395) |
(206,401) |
17,329 |
(193,843) |
451,651 |
159,675 |
- |
- |
|
|
|
|
|
|
|
| |
Investment Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Financing and Loans Concessions |
- |
- |
- |
- |
- |
- |
- |
- |
Receiving of Loans and Financing Ceded |
5,731 |
- |
- |
- |
- |
- |
- |
- |
Acquisition of property, unit and equipment |
(21,352) |
(127,824) |
(54,104) |
(60,292) |
(268,133) |
(2,743) |
- |
(15,463) |
Acquisition of intangible assets |
(1,645) |
(1,117) |
(1,379) |
(368) |
(515) |
(233) |
- |
- |
Acquisition of concession assets |
(32,908) |
- |
(20,157) |
(20,388) |
- |
- |
- |
- |
Concession for advance of future capital increase |
- |
- |
(75,525) |
(24,500) |
- |
- |
- |
- |
Acquisition/Contribution of capital in equity participation |
(320,627) |
(172,402) |
(37,999) |
(339,658) |
- |
- |
- |
- |
Concession for Future Capital Increase |
- |
- |
- |
- |
- |
- |
- |
- |
Others |
477,306 |
456,663 |
58,000 |
450,467 |
(228,382) |
- |
- |
- |
|
|
|
|
|
|
|
| |
Net Cash from investments activities |
106,505 |
155,320 |
(131,164) |
5,261 |
(497,030) |
(2,976) |
- |
(15,463) |
|
|
|
|
|
|
|
| |
Increase (decrease) in cash and cash equivalents |
3,217 |
(191,100) |
(13,662) |
(15,363) |
(27,481) |
59,562 |
14,493 |
11,959 |
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 |
15,316 |
182,767 |
19,828 |
55,270 |
4,629 |
64,752 |
19,881 |
50,129 |
3,217 |
(191,100) |
(13,662) |
(15,363) |
(2,255) |
59,562 |
14,493 |
11,959 |
6
Marketletter 1Q16
ASSETS 03/31/2015 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletropar |
Eletronuclear |
CGTEE |
CURRENT |
|||||||
Cash and Cash Equivalent |
2,356 |
519,998 |
19,590 |
352,200 |
3,890 |
46,890 |
28,699 |
Clients (Consumers and Resellers) |
738,842 |
420,902 |
222,250 |
1,052,467 |
- |
263,728 |
43,264 |
Financing and Loans |
3,256 |
3,281 |
1,416 |
- |
- |
- |
- |
Marketable Securities |
897,812 |
516,003 |
117,331 |
1,264,855 |
53,219 |
19,241 |
- |
Dividends to Receive (Equity Participation Remuneration) |
110,360 |
19,310 |
4,715 |
- |
750 |
- |
- |
Deferred Fiscal Asset (tax and contribution) |
13,166 |
21,237 |
19,111 |
155,454 |
2,507 |
17,415 |
5,090 |
Income tax and Social Contribution |
232,162 |
91,812 |
39,447 |
- |
- |
14,874 |
- |
Derivatives |
- |
- |
- |
102,628 |
- |
- |
- |
Reimbursement Right |
208,751 |
- |
- |
393,650 |
- |
- |
98,190 |
Linked Deposit |
- |
10,998 |
3,073 |
- |
- |
- |
- |
Stored Material |
29,941 |
87,094 |
35,817 |
88,198 |
- |
67,846 |
26,486 |
Amounts to Receive Law 12,783/2013 |
1,181,598 |
1,530,421 |
383,147 |
343,153 |
- |
- |
- |
Nuclear Fuel Storage |
- |
- |
- |
- |
- |
340,319 |
- |
Financial Asset |
- |
77,769 |
69,775 |
414,634 |
- |
- |
- |
Others |
245,749 |
337,875 |
105,706 |
287,632 |
- |
42,033 |
6,577 |
CURRENT TOTAL |
3,663,993 |
3,636,700 |
1,021,378 |
4,454,871 |
60,366 |
812,346 |
208,306 |
|
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
LONG-TERM ASSET |
|
|
|
|
|
|
|
Clients (Consumers and Resellers) |
435,242 |
7,494 |
543,531 |
12,142 |
- |
- |
- |
Financing and Loans - principal |
2,289 |
3,189 |
3,782 |
- |
- |
- |
- |
Marketable Securities |
- |
2,861 |
177 |
228 |
- |
- |
- |
Deferred Fiscal Asset (tax and contribution) |
- |
166,908 |
6,014 |
14,708 |
2,741 |
- |
27,834 |
Income tax and Social Contribution |
- |
- |
- |
1,006,083 |
- |
- |
- |
Derivatives |
- |
- |
- |
102,764 |
- |
- |
- |
Reimbursement Right |
- |
- |
- |
- |
- |
- |
- |
Linked Deposit |
492,959 |
653,719 |
152,426 |
437,344 |
51 |
67,135 |
6,484 |
Amounts to Receive Law 12,783/2013 |
- |
- |
- |
- |
- |
- |
- |
Nuclear Fuel Storage |
- |
- |
- |
- |
- |
623,882 |
- |
Financial Asset |
7,680,910 |
4,137,610 |
2,105,794 |
4,750,256 |
- |
- |
- |
Advance for equity participation |
18,173 |
672,160 |
561,715 |
25,068 |
- |
- |
- |
Others |
403,605 |
194,564 |
98,693 |
1,467,909 |
- |
437,299 |
117,251 |
LONG-TERM ASSET TOTAL |
9,033,178 |
5,838,505 |
3,472,132 |
7,816,502 |
2,792 |
1,128,316 |
151,569 |
|
|
|
|
|
|
| |
INVESTIMENTS |
5,526,531 |
4,147,897 |
2,859,160 |
2,700,026 |
99,356 |
- |
- |
|
|
|
|
|
|
| |
FIXED ASSET |
5,918,096 |
1,357,984 |
2,962,044 |
7,459,357 |
51 |
10,823,843 |
1,561,839 |
|
|
|
|
|
|
| |
INTANGIBLE |
108,563 |
56,512 |
220,346 |
103,785 |
32 |
56,673 |
2,165 |
|
|
|
|
|
|
| |
NON-CURRENT TOTAL |
20,586,368 |
11,400,898 |
9,513,682 |
18,079,670 |
102,231 |
12,008,832 |
1,715,573 |
|
|
|
|
|
|
| |
ASSET TOTAL |
24,250,361 |
15,037,598 |
10,535,060 |
22,534,541 |
162,597 |
12,821,178 |
1,923,879 |
7
Marketletter 1Q16
LIABILITIES 03/31/2015 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletropar |
Eletronuclear |
CGTEE |
CURRENT |
|||||||
Suppliers |
264,161 |
367,805 |
258,039 |
757,838 |
804 |
425,590 |
292,449 |
Loans and Financing - principal |
422,897 |
284,649 |
291,269 |
519,421 |
- |
1,105,832 |
231,654 |
Loans and Financing - charges |
155,268 |
16,011 |
37,462 |
27,669 |
- |
13,955 |
14,651 |
Bonds |
- |
- |
261,304 |
14,357 |
- |
- |
- |
Taxes and Social Contribution |
273,560 |
87,370 |
52,052 |
64,578 |
32 |
45,576 |
25,296 |
Income Tax and Social Contributions |
109,129 |
82,282 |
270 |
- |
155 |
- |
- |
Derivatives |
- |
- |
- |
1,311 |
- |
- |
- |
Reimbursement Obligations |
- |
- |
- |
- |
- |
- |
- |
Advance to clients (Early Energy Sale) |
- |
- |
- |
52,958 |
- |
- |
- |
Shareholders Remuneration (dividends to pay) |
- |
13 |
9,552 |
457,000 |
- |
- |
68,019 |
Estimated Obligations |
139,696 |
178,468 |
79,322 |
210,018 |
211 |
267,524 |
9,782 |
Provisions for Contingencies |
- |
- |
- |
- |
- |
- |
37,171 |
Post Employment Benefit (Complementary Pension Fund) |
62,172 |
92,815 |
2,019 |
- |
- |
9,790 |
- |
Leasing |
- |
- |
- |
- |
- |
- |
- |
Onerous Contracts |
- |
- |
- |
1,687 |
- |
- |
- |
Concessions to Pay - UBP |
1,219 |
- |
2,139 |
- |
- |
- |
- |
Sector Charges (statutory taxes) |
142,909 |
129,474 |
44,372 |
324,192 |
- |
23,158 |
2,631 |
Others |
268,932 |
135,982 |
182,057 |
365,267 |
- |
116,303 |
19,702 |
CURRENT TOTAL |
1,839,943 |
1,374,869 |
1,219,857 |
2,796,296 |
1,202 |
2,007,728 |
701,355 |
|
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
|
Suppliers |
- |
- |
- |
452,569 |
- |
- |
21,284 |
Loans and Financing - principal |
8,526,065 |
830,144 |
3,302,189 |
4,077,053 |
- |
4,172,121 |
1,897,635 |
Bonds |
- |
- |
- |
208,525 |
- |
- |
- |
Taxes and Social Contribution |
662,355 |
13,572 |
50,572 |
- |
- |
- |
- |
Income Tax and Social Contributions |
- |
93,484 |
49,298 |
- |
13,266 |
- |
- |
Derivatives |
- |
- |
- |
59,365 |
- |
- |
- |
Reimbursement Obligations |
- |
- |
- |
- |
- |
- |
- |
Advance to clients (Early Energy Sale) |
- |
- |
- |
704,494 |
- |
- |
- |
Estimated Obligations |
61,653 |
85,581 |
12,420 |
20,013 |
- |
67,306 |
1,611 |
Provisions for Contingencies |
506,343 |
1,511,133 |
78,113 |
604,218 |
- |
157,619 |
- |
Provision for uncovered liabilities on invested companies |
- |
- |
101,962 |
- |
- |
- |
- |
Post Employment Benefit (Complementary Pension Fund) |
242,466 |
861,496 |
160,943 |
44,801 |
- |
49,817 |
3,511 |
Leasing |
- |
- |
- |
- |
- |
- |
- |
Provision for Onerous Contracts |
899,998 |
109,510 |
- |
45,542 |
- |
- |
- |
Concessions to Pay - UBP |
36,162 |
- |
24,478 |
- |
- |
- |
- |
Sector Charges (statutory taxes) |
101,531 |
267,187 |
- |
- |
- |
- |
- |
Obligations for asset demobilization (Nuclear Power Plant Demobilization) |
- |
- |
- |
- |
- |
1,335,934 |
- |
Advance for future Capital Increase |
39,619 |
- |
63,988 |
12,984 |
- |
- |
18,521 |
Others |
562,503 |
5,843 |
118,281 |
150,949 |
- |
111,313 |
- |
NON-CURRENT TOTAL |
11,638,695 |
3,777,950 |
3,962,244 |
6,380,513 |
13,266 |
5,894,110 |
1,942,562 |
|
|
|
|
|
|
| |
SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
Social Capital |
6,531,154 |
9,753,953 |
4,295,250 |
11,563,279 |
118,054 |
6,607,258 |
845,510 |
Capital Reserves |
5,123,332 |
4,916,199 |
- |
- |
- |
- |
- |
Profit Reserves |
- |
- |
1,074,209 |
1,246,516 |
215 |
- |
2,596 |
Additional Dividend Purposed |
- |
- |
25,623 |
456,777 |
- |
- |
- |
Profit/Losses accumulated |
410,657 |
(3,390,412) |
69,057 |
130,767 |
1,430 |
(1,636,062) |
(1,536,327) |
Others Comprehensive Income |
(1,293,420) |
(1,394,961) |
(126,391) |
(39,607) |
28,430 |
(51,856) |
(31,817) |
Non-controlling shareholders remuneration |
- |
- |
15,211 |
- |
- |
- |
- |
|
|
|
|
|
|
| |
SHAREHOLDERS’ EQUITY TOTAL |
10,771,723 |
9,884,779 |
5,352,959 |
13,357,732 |
148,129 |
4,919,340 |
(720,038) |
|
|
|
|
|
|
| |
LIABILITY AND SHAREHOLDERS’ EQUITY TOTAL |
24,250,361 |
15,037,598 |
10,535,060 |
22,534,541 |
162,597 |
12,821,178 |
1,923,879 |
8
Marketletter 1Q16
STATEMENT OF INCOME 03/31/2015 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletropar |
Eletronuclear |
CGTEE |
Operational Revenue |
1,672,100 |
915,067 |
383,304 |
1,406,561 |
- |
501,108 |
120,420 |
|
|
|
|
|
|
| |
Electric Energy – sale to Distribution Companies |
980,940 |
33,912 |
- |
990,024 |
- |
569,359 |
129,369 |
Electric Energy - sale to final Consumers |
3,718 |
213,753 |
91,690 |
303,556 |
- |
- |
- |
Short Term Electric Energy |
259,762 |
148,135 |
87,932 |
5,887 |
- |
- |
- |
Renewed Plants Operation and Maintenence Revenue |
143,333 |
307,666 |
- |
4,108 |
- |
- |
- |
Construction Revenue of Plants |
80,532 |
5,630 |
- |
- |
- |
- |
- |
|
|
|
|
|
|
| |
Financial Effect Itaipu (Parent Company) |
- |
- |
- |
- |
- |
- |
- |
Renewed Lines Operation and Maintenence Revenue |
- |
203,441 |
133,189 |
119,134 |
- |
- |
- |
Operation and Maintenence Revenue |
233,109 |
14,133 |
25,096 |
1,429 |
- |
- |
- |
Construction Revenue - Transmission |
79,385 |
147,315 |
16,414 |
50,586 |
- |
- |
- |
Financial – Return on Investment T |
57,870 |
8,629 |
55,497 |
81,758 |
- |
- |
- |
Others Operational Revenue |
28,961 |
5,529 |
17,218 |
58,751 |
- |
- |
786 |
|
|
|
|
|
|
| |
Deductions to Operational Revenue |
(195,510) |
(173,076) |
(43,732) |
(208,672) |
- |
(68,251) |
(9,735) |
|
|
|
|
|
|
| |
Operational Expenses |
(1,013,399) |
(805,734) |
(232,280) |
(1,137,679) |
(919) |
(418,713) |
(205,112) |
|
|
|
|
|
|
| |
Personnel, Materials and Services |
(385,833) |
(247,926) |
(108,470) |
(324,054) |
(830) |
(205,048) |
(62,120) |
Electric Energy Purchased for Resale |
(148,611) |
(81,507) |
(63,465) |
(409,215) |
- |
- |
(98,944) |
Charges on Electric Energy usage grid |
(111,800) |
(176,178) |
(3,834) |
(132,130) |
- |
(19,565) |
(9,130) |
Construction |
(159,917) |
(152,945) |
(16,414) |
(50,586) |
- |
- |
- |
Fuel used to produce electric energy |
(130,483) |
(70,757) |
- |
- |
- |
(88,933) |
(2,630) |
Remuneration and Reimbursement (Royalties – Hydric Resources Usage) |
(27,184) |
(2,753) |
(3,266) |
(65,047) |
- |
- |
- |
Depreciation and Amortization |
(57,056) |
(27,442) |
(29,682) |
(109,430) |
(7) |
(91,389) |
(20,395) |
Operational Provisions |
59,377 |
(11,984) |
172 |
(29,387) |
- |
(13,082) |
(5,377) |
Others |
(51,892) |
(34,242) |
(7,321) |
(17,830) |
(82) |
(696) |
(6,516) |
|
|
|
|
|
|
| |
OPERATING RESULT BEFORE FINANCIAL RESULT |
658,701 |
109,333 |
151,024 |
268,882 |
(919) |
82,395 |
(84,692) |
|
|
|
|
|
|
| |
FINANCIAL (EXPENSES) REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue from Financial Investments |
21,055 |
36,022 |
7,896 |
35,720 |
1,605 |
- |
111 |
Interest, Commission and Rates revenue (loans and financing) |
14,352 |
- |
- |
- |
- |
- |
- |
Debt Charges |
(205,655) |
(33,464) |
(79,208) |
(79,226) |
- |
(12,822) |
(78,287) |
Charges – remuneration to shareholders |
- |
- |
(245) |
- |
- |
- |
(1,824) |
Moratorium Increase on electric energy |
1,253 |
16,174 |
- |
18,677 |
- |
- |
- |
Net Monetary Update |
(54,735) |
5,079 |
(46,391) |
(30,897) |
- |
(5,544) |
- |
Net Exchange Update |
(27,280) |
- |
- |
(119,402) |
- |
66,204 |
(110) |
Others Financial Revenue |
5,625 |
17,584 |
18,967 |
29,757 |
- |
72,750 |
105 |
Other Financial Expenses |
(29,784) |
(5,589) |
(1,429) |
(75,297) |
(13) |
(24,558) |
(2,289) |
Indemnities Remuneration – Law 12,783/13 |
163,382 |
226,286 |
51,654 |
54,011 |
- |
- |
- |
|
|
|
|
|
|
| |
FINANCIAL RESULT |
(111,787) |
262,092 |
(48,756) |
(166,657) |
1,592 |
96,030 |
(82,294) |
|
|
|
|
|
|
| |
EQUITY PARTICIPATIONS RESULT |
(31,714) |
(13,812) |
(601) |
38,405 |
910 |
- |
- |
|
|
|
|
|
|
| |
RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION |
515,200 |
357,613 |
101,667 |
140,630 |
1,583 |
178,425 |
(166,986) |
|
|
|
|
|
|
| |
Income Tax and Social Contribution and Fiscal Incentives Revenue |
(104,543) |
28,793 |
(31,756) |
(9,863) |
(155) |
(55,358) |
- |
|
|
|
|
|
|
| |
RESULT BEFORE EQUITY PARTICIPATIONS |
410,657 |
386,406 |
69,911 |
130,767 |
1,428 |
123,067 |
(166,986) |
|
|
|
|
|
|
| |
Minority Participations |
- |
- |
- |
- |
- |
- |
- |
NET PROFIT OF THE PERIOD |
410,657 |
386,406 |
69,911 |
130,767 |
1,428 |
123,067 |
(166,986) |
9
Marketletter 1Q16
CASH FLOW 03/31/2015 |
Furnas |
Chesf |
Eletrosul |
Eletronorte |
Eletronuclear |
CGTEE |
Eletropar |
Operating Activities |
|||||||
Profit (loss) before income tax and social contribution |
515,200 |
357,613 |
101,667 |
140,630 |
178,425 |
(166,986) |
1,584 |
|
|
|
|
|
|
| |
Depreciation and amortization |
57,056 |
27,442 |
29,682 |
109,430 |
91,389 |
21,046 |
7 |
Monetary net variation |
206,143 |
(231,365) |
(3,821) |
(23,114) |
(5,544) |
- |
- |
Exchange net variation |
- |
- |
- |
119,402 |
(60,660) |
110 |
- |
Financing charges |
- |
33,464 |
59,568 |
79,226 |
12,822 |
68,973 |
- |
Equity Method Result |
31,714 |
13,812 |
601 |
(38,405) |
- |
- |
(910) |
Provision for uncovered liability |
- |
- |
- |
- |
- |
- |
- |
Provision for doubtful credit liquidation |
5,667 |
12,590 |
(151) |
1,336 |
- |
- |
- |
Provisions for contingencies |
(2,948) |
30,326 |
(21) |
20,942 |
2,160 |
5,089 |
- |
Provision for staff realignment |
- |
- |
- |
- |
- |
- |
- |
Provision for investment loss |
- |
- |
- |
- |
- |
- |
- |
Provision for reduction on recoverable amount of Investment |
- |
(25,718) |
- |
- |
- |
- |
- |
Provision for onerous contracts |
(69,937) |
(5,214) |
- |
- |
- |
- |
- |
Provision for loss with Financial Asset |
- |
- |
- |
- |
- |
- |
- |
Global reversal reserve charges |
59,347 |
- |
- |
- |
- |
- |
- |
Adjustment to Present Value / Market Amount (Sum into Others) |
- |
- |
(326) |
- |
21,454 |
- |
- |
Minority Participation in Result |
- |
- |
- |
- |
- |
- |
- |
Charges on Shareholders funds |
- |
- |
245 |
- |
- |
1,824 |
- |
Financial Asset Revenue |
(57,870) |
(8,629) |
(55,497) |
(81,758) |
- |
- |
- |
Derivatives |
- |
- |
- |
42,992 |
- |
- |
- |
Others |
(94,381) |
11,175 |
(158,138) |
(10,940) |
13,308 |
2 |
- |
(Increase) decrease on operating asset/liability |
(56,374) |
(166,384) |
129,606 |
(496,818) |
12,215 |
62,869 |
(11,350) |
|
|
|
|
|
|
| |
Cash from Operating Activities |
593,617 |
49,112 |
103,415 |
(137,077) |
326,229 |
(7,073) |
(10,669) |
|
|
|
|
|
|
| |
Payment of financial charges |
(161,384) |
(33,788) |
(57,529) |
(69,921) |
(32,005) |
(6,992) |
- |
Payment of charges of global reversal reserve |
(66,022) |
- |
- |
- |
- |
- |
- |
Financial charges receivable |
132 |
- |
126 |
- |
- |
- |
- |
Remuneration from equity investments received |
10,851 |
5,891 |
4 |
4,212 |
- |
- |
198 |
Annual allowed Revenue Receiving (Financial Asset) |
66,364 |
(130,803) |
231,734 |
65,867 |
- |
- |
- |
Financial Asset Indemnities Receiving |
326,260 |
301,575 |
89,237 |
78,236 |
- |
- |
- |
Payment of income tax and social contribution |
- |
- |
(10,693) |
- |
(23,590) |
- |
(155) |
Complementary pension fund payment |
- |
(33,953) |
(1,745) |
- |
- |
- |
- |
Payment of lawsuit contingencies |
- |
(2,109) |
- |
- |
- |
- |
- |
Lawsuit Deposits |
(7,717) |
(2,098) |
(3,855) |
(12,698) |
(6,331) |
169 |
- |
|
|
|
|
|
|
| |
Net Cash from Operating Activities |
762,101 |
153,827 |
350,694 |
(71,381) |
264,303 |
(13,896) |
(10,626) |
|
|
|
|
|
|
| |
Financing Activities |
|
|
|
|
|
|
|
Loans and financing obtained |
21 |
- |
- |
20,500 |
95,000 |
35,629 |
- |
Loans and financing payment - principal |
(84,646) |
(77,056) |
(53,179) |
(49,923) |
(14,163) |
(7,957) |
- |
Payment to Shareholders |
- |
- |
- |
- |
- |
- |
- |
Global Reversal Reserve Replacement |
- |
- |
- |
- |
- |
- |
- |
Receiving of advance for future capital increase (AFAC) |
- |
- |
3 |
- |
- |
- |
- |
Payment of Refinancing of taxes and contribution - principal |
- |
- |
(4,658) |
- |
- |
- |
- |
Others |
- |
(82,132) |
- |
- |
- |
- |
- |
Net Cash from Financing Activities |
(84,625) |
(159,188) |
(57,834) |
(29,423) |
80,837 |
27,672 |
- |
|
|
|
|
|
|
| |
Investment Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Financing and Loans Concessions |
- |
- |
- |
- |
- |
- |
- |
Receiving of Loans and Financing Ceded |
- |
- |
- |
- |
- |
- |
- |
Acquisition of fixed assets |
(48,344) |
(115,123) |
(195,706) |
(16,488) |
(318,092) |
(10,794) |
(15) |
Acquisition of intangible assets |
(4,041) |
(2,377) |
(1,579) |
(1,268) |
(1,172) |
- |
- |
Acquisition of concession assets |
(159,917) |
- |
(16,414) |
(50,967) |
- |
- |
- |
Concession for advance of future capital increase |
- |
- |
(57,728) |
(512) |
- |
- |
- |
Acquisition/Contribution of capital in equity participation |
(255,503) |
(185,059) |
(28,803) |
(69,381) |
- |
- |
- |
Others |
(209,007) |
169,855 |
- |
247,596 |
57,769 |
- |
- |
|
|
|
|
|
|
| |
Net Cash from investments activities |
(676,812) |
(132,704) |
(300,230) |
108,980 |
(261,495) |
(10,794) |
(15) |
|
|
|
|
|
|
| |
Increase (decrease) in cash and cash equivalents |
664 |
(138,065) |
(7,370) |
8,176 |
83,645 |
2,982 |
(10,641) |
Cash and cash equivalent – beginning of period |
1,692 |
658,063 |
26,960 |
344,024 |
18,361 |
25,717 |
54,240 |
Cash and cash equivalent – end of period |
2,356 |
519,998 |
19,590 |
352,200 |
46,890 |
28,699 |
55,637 |
664 |
(138,065) |
(7,370) |
8,176 |
28,529 |
2,982 |
1,397 |
10
Marketletter 1Q16
IV.2 Financial Statements of the Distribution companies.
ASSET 03/31/2016 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
CURRENT |
||||||
Cash and Cash Equivalents |
38,858 |
7,551 |
9,685 |
10,345 |
9,942 |
55,170 |
Clients (Consumers and Resellers) |
359,476 |
268,630 |
346,877 |
101,607 |
45,630 |
595,170 |
Financing and Loans |
- |
- |
- |
- |
- |
- |
Marketable Securities |
8,202 |
17,967 |
144 |
- |
- |
54,292 |
Dividends to Receive (Equity Participations Remuneration) |
- |
- |
- |
- |
- |
- |
Deferred Fiscal Asset (Taxes and Contributions) |
12,959 |
17,166 |
19,959 |
6,104 |
9,342 |
1,235 |
Income Tax and Social Contribution |
- |
- |
- |
1,474 |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Rights |
24,280 |
195,000 |
69,001 |
113,532 |
88,697 |
2,122,536 |
Linked Deposits |
- |
- |
- |
473 |
- |
- |
Stored Material |
7,080 |
13,940 |
16,341 |
1,505 |
3,081 |
111,576 |
Amounts to Receive 12,783/13 Law |
- |
- |
- |
- |
- |
- |
Regulatory Asset (Installment A - CVA) |
159,005 |
119,652 |
62,443 |
40,628 |
1,485 |
88,698 |
Financial Asset |
- |
- |
- |
- |
- |
- |
Others |
44,171 |
127,999 |
37,541 |
30,189 |
9,073 |
649,857 |
CURRENT TOTAL |
654,031 |
767,905 |
561,991 |
305,857 |
167,250 |
3,678,534 |
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
|
|
|
|
|
| |
LONG-TERM ASSET |
|
|
|
|
|
|
Dividends to Receive (Equity Participations Remuneration) |
- |
- |
- |
- |
- |
- |
Clients (Consumers and Resellers) |
210,862 |
18,373 |
208,928 |
29,301 |
9,982 |
57,274 |
Financing and Loans - principal |
- |
- |
- |
- |
- |
- |
Marketable Securities |
- |
- |
- |
- |
- |
- |
Deferred Fiscal Asset (Taxes and Contributions) |
5,228 |
7,138 |
5,580 |
1,763 |
2,942 |
2,442,356 |
Income Tax and Social Contribution |
- |
- |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Rights |
- |
3,425,421 |
- |
241,114 |
203,571 |
4,290,327 |
Linked Deposits |
44,018 |
113,468 |
15,411 |
7,602 |
20,883 |
319,907 |
Amounts to Receive Law 12,783/13 |
- |
- |
- |
- |
- |
- |
Financial Asset |
- |
- |
- |
- |
- |
- |
Financial Asset – Indemnitiable Concession (Distribution) |
755,342 |
933,680 |
702,652 |
321,900 |
186,448 |
1,375,038 |
Advance for Equity Participations |
- |
- |
- |
- |
- |
- |
Regulatory Asset (Installment A - CVA) |
54,239 |
- |
- |
- |
- |
- |
Others |
564 |
2,447 |
1,315 |
- |
2,680 |
624,996 |
LONG-TERM ASSET TOTAL |
1,070,253 |
4,500,527 |
933,886 |
601,680 |
426,506 |
9,109,898 |
|
|
|
|
|
| |
INVESTIMENTS |
167 |
1,806 |
146 |
- |
- |
71,300 |
|
|
|
|
|
| |
FIXED ASSET |
31,330 |
32,366 |
30,300 |
9,138 |
17,913 |
1,255,897 |
|
|
|
|
|
| |
INTANGIBLE |
45,005 |
53,387 |
2,514 |
36,882 |
6,735 |
175,020 |
|
|
|
|
|
| |
NON-CURRENT ASSET TOTAL |
1,146,755 |
4,588,086 |
966,846 |
647,700 |
451,154 |
10,612,115 |
|
|
|
|
|
| |
ASSET TOTAL |
1,800,786 |
5,355,991 |
1,528,837 |
953,557 |
618,404 |
14,290,649 |
11
Marketletter 1Q16
LIABILITIES 03/31/2016 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
CURRENT |
|
|
|
|
|
|
Suppliers |
235,842 |
1,261,592 |
295,640 |
257,233 |
558,142 |
6,097,805 |
Financig and Loans - principal |
347,386 |
142,037 |
594,961 |
95,720 |
16,449 |
186,598 |
Financig and Loans - charges |
- |
49 |
40,681 |
2,421 |
- |
260 |
Bonds |
- |
- |
- |
- |
- |
- |
Taxes and Contributions |
91,947 |
68,216 |
307,226 |
54,850 |
11,767 |
67,222 |
Income Tax and Social Contribution |
321 |
- |
- |
- |
- |
4,834 |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Obligations |
74,460 |
6,310 |
- |
9,944 |
- |
- |
Advance to clients (Early Sell of Energy) |
- |
- |
- |
- |
- |
- |
Shareholders Remuneration (dividends to pay) |
- |
- |
- |
- |
- |
- |
Estimated Obligations |
17,886 |
16,146 |
44,782 |
5,935 |
17,758 |
36,383 |
Provisions for Contingencies |
- |
- |
- |
- |
- |
- |
Post-Employment Benefit (Complementary Pension Fund) |
3,839 |
814 |
44,879 |
818 |
- |
- |
Leasing |
- |
- |
- |
- |
- |
143,965 |
Onerous Contracts |
- |
- |
- |
- |
- |
- |
Sector Charges (Statutory Taxes |
22,443 |
32,038 |
27,227 |
25,945 |
- |
(185) |
Regulatory Asset (Installment A – CVA) |
97,424 |
190,251 |
49,481 |
41,767 |
- |
13,602 |
Others |
22,304 |
37,194 |
83,040 |
31,623 |
11,280 |
116,033 |
CURRENT TOTAL |
913,852 |
1,754,647 |
1,487,917 |
526,256 |
615,396 |
6,666,517 |
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
Suppliers |
- |
1,078,999 |
- |
253,065 |
134,436 |
7,735,141 |
Financig and Loans - principal |
867,210 |
597,696 |
708,439 |
193,385 |
38,252 |
1,199,762 |
Bonds |
- |
- |
- |
- |
- |
- |
Taxes and Contributions |
87,124 |
4,092 |
53,115 |
- |
- |
- |
Income Tax and Social Contribution |
- |
- |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Obligations |
- |
147,591 |
- |
141,154 |
59,495 |
2,223,654 |
Advance to clients (Early Sell of Energy) |
- |
- |
- |
- |
- |
- |
Estimated Obligations |
1,934 |
- |
2,066 |
131 |
206 |
644 |
Provisions for Contingencies |
108,261 |
144,568 |
73,153 |
12,536 |
50,696 |
377,843 |
Provision for uncovered liabilities on invested comapnies |
- |
- |
- |
- |
- |
- |
Post-Employment Benefit (Complementary Pension Fund) |
30,570 |
- |
9,664 |
- |
437 |
277 |
Leasing |
- |
- |
- |
- |
- |
1,088,324 |
Provision for Onerous Contracts |
- |
- |
- |
- |
- |
- |
Concessions to Pay - UBP |
- |
- |
- |
- |
- |
- |
Sector Charges (Statutory Taxes) |
24,705 |
43,377 |
42,682 |
- |
- |
- |
Advance for future capital Increase |
- |
- |
- |
12,787 |
- |
- |
Regulatory Liability (Installment A – CVA) |
30,639 |
- |
- |
- |
- |
- |
Others |
32,468 |
2,066,347 |
500 |
185 |
123,279 |
179,501 |
NON-CURRENT TOTAL |
1,182,911 |
4,082,670 |
889,619 |
613,243 |
406,801 |
12,805,146 |
|
|
|
|
|
| |
SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
Social Capital |
734,754 |
1,325,369 |
1,272,747 |
475,789 |
684,204 |
4,610,171 |
Capital Reserves |
- |
- |
- |
- |
- |
- |
Profit Reserves |
- |
- |
- |
- |
- |
- |
Additional Dividend Purposes |
- |
- |
- |
- |
- |
- |
Accumulated Profit/Losses |
(987,923) |
(1,806,908) |
(2,114,080) |
(661,491) |
(1,086,691) |
(9,788,764) |
Other Comprehensive Income |
(42,808) |
213 |
(7,366) |
(240) |
(1,306) |
(2,421) |
Non-controlling Shareholders participation |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
| |
SHAREHOLDERS’ EQUITY TOTAL |
(295,977) |
(481,326) |
(848,699) |
(185,942) |
(403,793) |
(5,181,014) |
|
|
|
|
|
| |
LIABILITIES AND SHAREHOLDERS’ EQUITY TOTAL |
1,800,786 |
5,355,991 |
1,528,837 |
953,557 |
618,404 |
14,290,649 |
12
Marketletter 1Q16
STATEMENT OF INCOME 03/31/2016 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
|
||||||
Operational Revenue |
407,308 |
407,113 |
302,813 |
94,615 |
65,531 |
645,557 |
|
|
|
|
|
| |
Electric Energy – sale to Distribution Companies |
- |
- |
- |
- |
6,915 |
- |
Electric Energy - sale to final Consumers |
- |
- |
- |
- |
- |
76,112 |
Short Term electric Energy |
- |
- |
- |
- |
- |
38,287 |
Renewed Plants Operation and Maintenence Revenue |
- |
- |
- |
- |
- |
- |
Construction Revenue of Plants |
- |
- |
- |
- |
- |
- |
Electric Energy Supply - Distribution |
569,719 |
444,984 |
418,369 |
147,609 |
72,241 |
634,473 |
Construction Revenue - Distribution |
33,693 |
35,879 |
26,627 |
13,009 |
3,120 |
44,650 |
CVA and Others Financial Items |
(33,289) |
108,955 |
11,364 |
(2,185) |
(18) |
(14,955) |
Other Operational Revenues |
52,874 |
21,854 |
40,273 |
7,375 |
2,191 |
55,612 |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
Deductions to Operational Revenues |
(215,689) |
(204,559) |
(193,820) |
(71,193) |
(18,918) |
(188,622) |
|
|
|
|
|
| |
|
|
|
|
|
| |
Operational Expenses |
(424,296) |
(364,890) |
(388,727) |
(139,156) |
(111,482) |
(942,848) |
|
|
|
|
|
| |
Personnel, Material and Services |
(55,141) |
(63,827) |
(68,301) |
(22,445) |
(20,800) |
(122,308) |
Electric Energy puchased for resale |
(268,233) |
(208,136) |
(211,364) |
(70,349) |
(47,808) |
(399,976) |
Charges on Eletric Energy Grid Usage |
(19,952) |
(3,880) |
(30,743) |
(1,071) |
- |
(23,254) |
Construction |
(33,693) |
(35,879) |
(26,627) |
(13,009) |
(3,120) |
(44,650) |
Fuel used for electric energy production |
- |
- |
- |
(7,345) |
(21,642) |
(88,095) |
Remuneration and Reimbursement (Royalties) |
- |
- |
- |
- |
- |
- |
Depreciation and Amortization |
(9,094) |
(10,547) |
(9,564) |
(4,077) |
(2,721) |
(25,001) |
Operating Provisions |
(5,341) |
(9,161) |
(12,899) |
(9,811) |
(14,731) |
(105,135) |
Others |
(32,842) |
(33,460) |
(29,229) |
(11,049) |
(660) |
(134,429) |
|
|
|
|
|
| |
OPERATING RESULT BEFORE FINANCIAL RESULT |
(16,988) |
42,223 |
(85,914) |
(44,541) |
(45,951) |
(297,291) |
|
|
|
|
|
| |
FINANCIAL REVENUES (EXPENSES) |
|
|
|
|
|
|
|
|
|
|
|
| |
Financial Investment Revenues |
1,339 |
1,098 |
9 |
96 |
(407) |
1,027 |
Interest, Commission and Rates revenue (loans and financing) |
- |
- |
- |
- |
- |
- |
Debt Charges |
(46,557) |
(156,672) |
(54,449) |
(7,643) |
(1,515) |
(470,132) |
Charges - Leasing |
- |
- |
- |
- |
- |
(67,109) |
Charges – Shareholders Remuneration |
- |
- |
- |
- |
- |
- |
Moratorium Increase on electric energy |
10,970 |
12,204 |
17,395 |
4,039 |
(18,438) |
16,859 |
Net Monetary Update |
(3,634) |
105,122 |
(22,672) |
(5,613) |
(4,073) |
147,010 |
Net Exchange Update |
164 |
- |
- |
- |
- |
(1,447) |
Regulatory Asset and Liability Update (Installment A - CVA) - Net |
7,715 |
(2,601) |
4,258 |
- |
48 |
101 |
Other financial revenue |
724 |
(5,329) |
(95) |
3 |
4,186 |
11,899 |
Other financial expense |
(10,362) |
(21,058) |
(6,081) |
(2,600) |
- |
(23,161) |
|
|
|
|
|
| |
FINANCIAL RESULT |
(39,641) |
(67,236) |
(61,635) |
(11,718) |
(20,199) |
(384,953) |
|
|
|
|
|
| |
EQUITY PARTICIPATIONS RESULT |
- |
- |
- |
- |
- |
(135,173) |
|
|
|
|
|
| |
RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION |
(56,629) |
(25,013) |
(147,549) |
(56,259) |
(66,150) |
(817,417) |
|
|
|
|
|
| |
Income Tax and Social Contribution and Fiscal Incentives Revenue |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
| |
RESULT BEFORE EQUITY PARTICIPATIONS |
(56,629) |
(25,013) |
(147,549) |
(56,259) |
(66,150) |
(817,417) |
|
|
|
|
|
| |
NET PROFIT OF THE PERIOD |
(56,629) |
(25,013) |
(147,549) |
(56,259) |
(66,150) |
(817,417) |
13
Marketletter 1Q16
CASH FLOW 03/31/2016 |
Ceal |
Ceron |
Cepisa |
Boa Vista Energia |
Eletroacre |
Amazonas Energia |
Operating Activities |
|
|
|
|
|
|
Profit (loss) before income tax and social contribution |
(56,629) |
(25,013) |
(147,549) |
(66,150) |
(56,259) |
(817,417) |
|
|
|
|
|
| |
Depreciation and amortization |
9,094 |
10,547 |
9,564 |
2,721 |
4,077 |
25,001 |
Net monetary variation |
3,634 |
11,269 |
981 |
- |
(5,613) |
- |
Net exchange variation |
- |
- |
- |
- |
- |
1,447 |
Financing charges |
46,557 |
25,709 |
51,720 |
1,515 |
7,643 |
119,164 |
Equity Method Result |
- |
- |
- |
- |
- |
135,173 |
Provision for uncovered liability |
- |
- |
- |
- |
- |
- |
Provision for doubtful credit liquidation |
(9,009) |
4,763 |
15,215 |
14,731 |
8,243 |
59,032 |
Provisions for contingencies |
12,268 |
4,398 |
(2,316) |
- |
1,568 |
45,238 |
Provision for staff realignment |
- |
- |
- |
- |
- |
- |
Provision for loss with Investments |
- |
- |
- |
- |
- |
- |
Provision for reduction on recoverable amount of Investment |
- |
- |
- |
- |
- |
- |
Provision for onerous contracts |
- |
- |
- |
- |
- |
- |
Provision for loss with Financial Asset |
- |
- |
- |
- |
- |
- |
Global reversal reserve charges |
- |
- |
- |
- |
- |
- |
Adjustment to Present Value / Market Value |
19 |
- |
- |
- |
- |
- |
Minority Participation in Result |
- |
- |
- |
- |
- |
- |
Charges on Shareholders funds |
- |
- |
- |
- |
- |
- |
Financial Asset Revenue |
- |
- |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Others |
211,503 |
12,244 |
5,538 |
332 |
- |
298,290 |
(Increase) decrease on operating asset/liability |
(184,295) |
29,068 |
96,812 |
59,931 |
51,673 |
236,753 |
|
|
|
|
|
| |
Cash from Operating Activities |
33,142 |
72,985 |
29,965 |
13,080 |
11,332 |
102,681 |
|
|
|
|
|
| |
Payment of financial charges |
- |
(10,787) |
- |
(1,515) |
- |
(22,057) |
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 |
- |
- |
(3,006) |
- |
- |
- |
Lawsuit Deposits |
- |
(32,222) |
- |
- |
- |
(23,622) |
|
|
|
|
|
| |
Net Cash from Operating Activities |
33,142 |
29,976 |
26,959 |
11,565 |
11,332 |
57,002 |
|
|
|
|
|
| |
Financing Activities |
|
|
|
|
|
|
Loans and financing obtained |
2,715 |
5,815 |
- |
3,054 |
- |
- |
Loans and financing payable - principal |
(11,031) |
(17,571) |
- |
(2,055) |
- |
(18,322) |
Payment to Shareholders |
- |
- |
- |
- |
- |
- |
Global Reversal Reserve Replacement |
- |
- |
- |
- |
- |
- |
Receiving of advance for future capital increase (AFAC) |
- |
- |
- |
- |
- |
- |
Payment of refinancing of taxes and contributions – Principal |
(2,946) |
- |
- |
- |
- |
- |
Others |
- |
- |
- |
- |
- |
1,859 |
Net Cash from Financing Activities |
(11,262) |
(11,756) |
- |
999 |
- |
(16,463) |
|
|
|
|
|
| |
Investment Activities |
|
|
|
|
|
|
|
|
|
|
|
| |
Financing and Loans Concessions |
- |
- |
- |
- |
- |
- |
Receiving of Loans and Financing Ceded |
- |
- |
- |
- |
- |
- |
Acquisition of property, unit and equipment |
(505) |
(190) |
(488) |
(2,273) |
(192) |
(6,483) |
Acquisition of intangible assets |
(1,099) |
(2,831) |
(898) |
(1,070) |
(521) |
(2,672) |
Acquisition of concession assets |
(13,275) |
(33,048) |
(25,097) |
(2,964) |
(12,488) |
(44,465) |
Concession for advance of future capital increase |
- |
- |
- |
- |
0 |
- |
Acquisition/Contribution of capital in equity participation |
- |
- |
- |
- |
- |
- |
Others |
371 |
- |
- |
- |
(6,287) |
- |
|
|
|
|
|
|
|
Net Cash from investments activities |
(14,508) |
(36,069) |
(26,483) |
(6,307) |
(19,488) |
(53,620) |
|
|
|
|
|
| |
|
|
|
|
|
| |
Increase (decrease) in cash and cash equivalents |
7,372 |
(17,849) |
476 |
6,257 |
(8,156) |
(13,081) |
Cash and cash equivalent – beginning of period |
31,486 |
25,400 |
9,209 |
3,686 |
18,501 |
68,251 |
Cash and cash equivalent – end of period |
38,858 |
7,551 |
9,685 |
9,942 |
10,345 |
55,170 |
7,372 |
(17,849) |
476 |
6,256 |
(8,156) |
(13,081) |
14
Marketletter 1Q16
ASSETS 03/31/2015 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
CURRENT |
||||||
Cash and Cash Equivalents |
37,982 |
6,463 |
17,320 |
15,763 |
6,687 |
260,898 |
Clients (Consumenrs and Resellers) |
305,646 |
201,971 |
285,961 |
63,741 |
47,690 |
440,043 |
Loans and Financing |
- |
- |
- |
- |
- |
20,000 |
Marketable Securities |
2,032 |
11,684 |
431 |
- |
- |
38,707 |
Dividends to Receive (Remuneration of Equity Participation) |
- |
- |
- |
- |
- |
- |
Deferred Fiscal Asset (Taxes and Contributions) |
6,822 |
9,391 |
21,915 |
7,925 |
9,252 |
28,537 |
Income Tax and Social Contribution |
- |
- |
6,914 |
1,458 |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Rights |
55,752 |
968,246 |
43,995 |
90,731 |
198,444 |
3,561,640 |
Linked Deposits |
- |
1 |
- |
464 |
- |
12,316 |
Stored Material |
5,800 |
31,324 |
10,002 |
1,546 |
1,753 |
112,778 |
Financial Asset |
38,671 |
47,774 |
473,721 |
13,120 |
445 |
135,465 |
Others |
54,285 |
18,666 |
24,509 |
31,127 |
18,590 |
442,588 |
CURRENT TOTAL |
506,990 |
1,295,520 |
884,768 |
225,875 |
282,861 |
5,052,972 |
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
|
|
|
|
|
| |
LONG-TERM CURRENT |
|
|
|
|
|
|
Clients (Consumenrs and Resellers) |
211,029 |
26,573 |
224,105 |
24,095 |
3,375 |
79,626 |
Loans and Financing - principal |
- |
- |
- |
- |
- |
- |
Marketable Securities |
- |
- |
- |
- |
- |
- |
Deferred Fiscal Asset (Taxes and Contributions) |
7,369 |
9,067 |
4,521 |
2,424 |
1,543 |
2,139,771 |
Income Tax and Social Contribution |
- |
- |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Rights |
- |
2,252,937 |
- |
237,664 |
68,235 |
3,006,855 |
Linked Deposits |
41,081 |
73,501 |
13,044 |
5,488 |
20,844 |
364,610 |
Financial Asset |
891,695 |
807,575 |
674,929 |
328,807 |
174,652 |
3,058,142 |
Advance for equity participation |
- |
- |
- |
- |
- |
- |
Others |
773 |
3,910 |
1,318 |
86 |
3,454 |
9,073 |
LONG-TERM CURRENT TOTAL |
1,151,947 |
3,173,563 |
917,917 |
598,564 |
272,103 |
8,658,077 |
|
|
|
|
|
| |
INVESTIMENTS |
168 |
1,806 |
146 |
- |
- |
12,938 |
|
|
|
|
|
| |
FIXED ASSET |
22,363 |
29,523 |
24,508 |
7,212 |
13,619 |
1,352,843 |
|
|
|
|
|
| |
INTANGIBLE |
6,928 |
51,002 |
20,115 |
32,627 |
16,739 |
575,206 |
|
|
|
|
|
| |
NON-CURRENT TOTAL |
1,181,406 |
3,255,894 |
962,686 |
638,403 |
302,461 |
10,599,064 |
|
|
|
|
|
| |
ASSET TOTAL |
1,688,396 |
4,551,414 |
1,847,454 |
864,278 |
585,322 |
15,652,036 |
15
Marketletter 1Q16
LIABILITIES 03/31/2015 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
CURRENT |
||||||
Suppliers |
216,261 |
1,018,675 |
146,466 |
138,221 |
320,498 |
3,614,463 |
Financing and Loans - principal |
296,875 |
117,019 |
364,649 |
36,793 |
7,479 |
647,656 |
Financing and Loans - charges |
- |
7 |
27,501 |
12,356 |
- |
5,077 |
Bonds |
- |
- |
- |
- |
- |
- |
Taxes and Social Contribution |
79,173 |
39,718 |
162,907 |
16,894 |
6,353 |
38,243 |
Income Tax and Social Contributuion |
6,116 |
- |
- |
303 |
- |
1,128 |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Obligations |
37,462 |
11,431 |
- |
- |
- |
- |
Advance to clients (Early Energy Sell) |
- |
- |
- |
- |
- |
- |
Remuneration to Shareholders (dividends to pay) |
- |
- |
- |
- |
- |
- |
Estimated Obligations |
7,484 |
18,964 |
33,731 |
3,466 |
15,450 |
54,874 |
Provisions for Contingencies |
- |
- |
- |
- |
- |
- |
Post-Employment Benefit (Complementary Pension Fund) |
9,471 |
- |
24,994 |
- |
- |
- |
Leasing |
- |
- |
- |
- |
- |
128,730 |
Onerous Contracts |
- |
- |
- |
- |
- |
- |
Concessions to Pay - UBP |
- |
- |
- |
- |
- |
- |
Sectorial Charges (statutory taxes) |
7,843 |
38,060 |
20,288 |
29,730 |
- |
3,072 |
Others |
76,577 |
30,388 |
284,822 |
16,289 |
46,200 |
116,549 |
CURRENT TOTAL |
737,262 |
1,274,262 |
1,065,358 |
254,052 |
395,980 |
4,609,792 |
|
|
|
|
|
| |
NON-CURRENT |
|
|
|
|
|
|
Suppliers |
- |
967,919 |
- |
233,087 |
128,541 |
7,386,818 |
Financing and Loans - principal |
693,113 |
594,678 |
721,108 |
208,161 |
37,844 |
1,494,825 |
Bonds |
- |
- |
- |
- |
- |
- |
Taxes and Social Contribution |
10,748 |
3,595 |
40,155 |
4,152 |
- |
- |
Income Tax and Social Contributuion |
- |
- |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Reimbursement Obligations |
- |
143,233 |
- |
125,189 |
57,209 |
2,254,762 |
Advance to clients (Early Energy Sell) |
- |
- |
- |
- |
- |
- |
Estimated Obligations |
47,165 |
- |
1,467 |
- |
198 |
- |
Provisions for Contingencies |
90,279 |
136,014 |
101,192 |
10,767 |
48,393 |
368,329 |
Provision for uncovered liabilities on invested companies |
- |
- |
- |
- |
- |
- |
Post-Employment Benefit (Complementary Pension Fund) |
46,131 |
- |
26,934 |
- |
2,851 |
450 |
Leasing |
- |
- |
- |
- |
- |
1,180,022 |
Provision for Onerous Contracts |
- |
- |
- |
- |
- |
- |
Concessions to Pay - UBP |
- |
- |
- |
- |
- |
- |
Sectorial Charges (statutory taxes) |
- |
41,184 |
33,090 |
- |
- |
- |
Obligations for asset demobilization (Nuclear power plant demobilization) |
- |
- |
- |
- |
- |
- |
Advance for future capital Increase |
8,307 |
245 |
16,416 |
12,787 |
- |
- |
Others |
55,581 |
1,331,518 |
499 |
1,009 |
19,328 |
463,683 |
NON-CURRENT TOTAL |
951,324 |
3,218,386 |
940,861 |
595,152 |
294,364 |
13,148,889 |
|
|
|
|
|
| |
STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
Social Capital |
726,447 |
1,325,124 |
1,256,331 |
475,789 |
684,204 |
4,610,171 |
Capital Reserves |
- |
- |
- |
- |
- |
- |
Profit Reserves |
- |
- |
- |
- |
- |
- |
Additional Dividend Purposed |
- |
- |
- |
- |
- |
- |
Profit/Losses Accumulated |
(667,825) |
(1,266,358) |
(1,421,251) |
(460,293) |
(785,721) |
(6,714,563) |
Other Comprehensive Income |
(58,812) |
- |
6,155 |
(422) |
(3,505) |
(2,253) |
Non-controlling Shareholders Participations |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
| |
STOCKHOLDERS’ EQUITY TOTAL |
(190) |
58,766 |
(158,765) |
15,074 |
(105,022) |
(2,106,645) |
|
|
|
|
|
| |
LIABILITY AND STOCKHOLDERS’ EQUITY TOTAL |
1,688,396 |
4,551,414 |
1,847,454 |
864,278 |
585,322 |
15,652,036 |
16
Marketletter 1Q16
STATEMENT OF INCOME 03/31/2015 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
|
||||||
Operational Revenue |
335,719 |
286,568 |
299,377 |
89,597 |
59,398 |
798,364 |
|
|
|
|
|
| |
Electric Energy – sale to Distribution Companies |
- |
- |
- |
- |
- |
- |
Electric Energy - Generation |
- |
- |
- |
- |
- |
309,043 |
Short Term electric Energy |
- |
- |
- |
- |
- |
384,803 |
Construction Revenue of Plants |
- |
- |
- |
- |
- |
7,658 |
Electric Energy Supply – Distribution |
427,070 |
364,529 |
381,639 |
109,084 |
72,764 |
189,606 |
Construction Revenue – Distribution |
20,688 |
31,518 |
28,122 |
11,926 |
2,149 |
26,922 |
Others Operational Revenues |
29,004 |
25,242 |
29,586 |
1,012 |
2,136 |
67,986 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Deductions to Operational Revenues |
(141,043) |
(134,721) |
(139,970) |
(32,425) |
(17,651) |
(187,654) |
|
|
|
|
|
| |
Operational Expenses |
(310,688) |
(297,413) |
(297,362) |
(118,132) |
(99,160) |
(556,257) |
|
|
|
|
|
| |
Personnel, Material and Services |
(47,937) |
(59,647) |
(52,718) |
(22,404) |
(18,917) |
(150,729) |
Electric Energy Purchased for Resale |
(201,278) |
(180,026) |
(168,954) |
(64,673) |
(33,424) |
(255,083) |
Charges on Electric Energy Grid Usage |
(21,371) |
(4,350) |
(15,111) |
(3,787) |
- |
(49,874) |
Construction |
(20,688) |
(31,518) |
(28,122) |
(11,926) |
(2,149) |
(34,580) |
Fuel used for electric energy production |
- |
- |
- |
- |
(11,202) |
132,412 |
Remuneration and Reimbursement (Royalties) |
- |
- |
- |
- |
- |
(1,824) |
Depreciation and Amortization |
(6,904) |
(9,043) |
(8,553) |
(3,914) |
(2,625) |
(66,820) |
Operating Provisions |
7,155 |
6,862 |
(5,050) |
(4,170) |
(30,097) |
(43,451) |
Others |
(19,665) |
(19,691) |
(18,854) |
(7,258) |
(746) |
(86,308) |
|
|
|
|
|
| |
OPERATING RESULT BEFORE FINANCIAL RESULT |
25,031 |
(10,845) |
2,015 |
(28,535) |
(39,762) |
242,107 |
|
|
|
|
|
| |
FINANCIAL REVENUE (EXPENSES) |
|
|
|
|
|
|
|
|
|
|
|
| |
Financial Investments Revenue |
447 |
454 |
310 |
188 |
33 |
1,544 |
Interest, Commission and Rates revenue (loans and financing) |
- |
- |
- |
- |
- |
- |
Debt Charges |
(29,204) |
(21,657) |
(61,297) |
(13,299) |
(1,649) |
(281,622) |
Charges - Leasing |
- |
- |
- |
- |
- |
(69,066) |
Charges – remuneration to shareholders |
- |
- |
- |
- |
- |
- |
Moratorium Increase on electric energy |
2,334 |
8,698 |
13,000 |
2,810 |
- |
16,682 |
Net Monetary Update |
26,345 |
(11,443) |
(9,315) |
(1,590) |
6,759 |
(424) |
Net Exchange Update |
(262) |
- |
- |
- |
- |
- |
Regulatory Asset and Liability Update (Installment A - CVA) - Net |
- |
- |
- |
- |
- |
- |
Other financial Revenues |
2,112 |
3,210 |
5,627 |
- |
(676) |
121,088 |
Other financial expenses |
(16,513) |
(14,426) |
(8,805) |
(1,386) |
- |
(35,123) |
|
|
|
|
|
| |
FINANCIAL RESULT |
(14,741) |
(35,164) |
(60,480) |
(13,277) |
4,467 |
(246,921) |
|
|
|
|
|
| |
EQUITY PARTICIPATION RESULT |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
| |
RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION |
10,290 |
(46,009) |
(58,465) |
(41,812) |
(35,295) |
(4,814) |
|
|
|
|
|
| |
Income Tax and Social Contribution and Fiscal Incentives Revenue |
(41,566) |
- |
- |
- |
- |
- |
|
|
|
|
|
| |
RESULT BEFORE EQUITY PARTICIPATION |
(31,276) |
(46,009) |
(58,465) |
(41,812) |
(35,295) |
(4,814) |
|
|
|
|
|
| |
NET PROFIT OF THE PERIOD |
10,885 |
(45,300) |
(17,707) |
(39,832) |
(35,295) |
40,262 |
17
Marketletter 1Q16
CASH FLOW 03/31/2015 |
Ceal |
Ceron |
Cepisa |
Eletroacre |
Boa Vista Energia |
Amazonas Energia |
Operating Activities |
||||||
Profit (loss) before income tax and social contribution |
52,452 |
(45,300) |
(17,707) |
(39,833) |
(35,295) |
(87,264) |
|
|
|
|
|
| |
Depreciation and amortization |
6,904 |
9,043 |
8,553 |
3,914 |
2,625 |
66,820 |
Net monetary variation |
(1,938) |
11,443 |
3,335 |
1,590 |
- |
- |
Net exchange variation |
- |
- |
- |
- |
- |
424 |
Financing charges |
28,305 |
21,657 |
53,604 |
13,300 |
1,301 |
139,741 |
Provision for uncovered liability |
- |
- |
- |
- |
- |
- |
Provision for doubtful credit liquidation |
(10,617) |
(6,995) |
3,168 |
5,007 |
30,502 |
21,738 |
Provisions for contingencies |
1,568 |
133 |
1,882 |
1,841 |
(405) |
23,690 |
Provision for staff realignment |
- |
- |
- |
- |
- |
- |
Provision for loss with Investment |
- |
- |
- |
- |
- |
- |
Provision for reduction on recoverable amount of assets |
- |
- |
- |
(2,678) |
- |
- |
Provision for onerous contracts |
- |
- |
- |
- |
- |
- |
Provision for loss with Financial Asset |
- |
- |
- |
- |
- |
- |
Global reversal reserve charges |
- |
- |
- |
- |
- |
- |
Adjustment to Present Value / Market Amount |
(73) |
- |
- |
- |
- |
- |
Minority Participation in Result |
- |
- |
- |
- |
- |
- |
Charges on Shareholders funds |
- |
- |
- |
- |
- |
- |
Financial Asset Revenue |
- |
- |
- |
- |
- |
- |
Derivatives |
- |
- |
- |
- |
- |
- |
Others |
230,302 |
6,672 |
352 |
- |
321 |
2,963 |
(Increase) decrease on operating asset/liability |
(267,068) |
43,555 |
(9,819) |
9,630 |
5,380 |
198,608 |
|
|
|
|
|
| |
Cash from Operating Activities |
39,835 |
40,208 |
43,368 |
(7,229) |
4,429 |
366,720 |
|
|
|
|
|
| |
Payment of financial charges |
(301) |
(2,913) |
- |
(943) |
- |
(65,736) |
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 |
- |
- |
(2,264) |
- |
- |
- |
Lawsuit Deposits |
1,326 |
(2,766) |
- |
- |
- |
(26,278) |
|
|
|
|
|
| |
Net Cash from Operating Activities |
40,860 |
34,529 |
41,104 |
(8,172) |
4,429 |
274,706 |
|
|
|
|
|
| |
Financing Activities |
|
|
|
|
|
|
Loans and financing obtained |
24,997 |
5,015 |
6,146 |
13,626 |
- |
25,298 |
Loans and financing payment - principal |
(13,562) |
(4,996) |
(8,388) |
(2,235) |
(426) |
(47,098) |
Payment to Shareholders |
- |
- |
- |
- |
- |
- |
Global Reversal Reserve Reposition |
- |
- |
- |
- |
- |
- |
Receiving of advance for future capital increase (AFAC) |
- |
- |
- |
- |
- |
- |
Payment of Refinancing of taxes and contributions - Principal |
(2,954) |
- |
- |
- |
- |
- |
Others |
- |
- |
- |
- |
- |
- |
Net Cash from Financing Activities |
8,481 |
19 |
(2,242) |
11,391 |
(426) |
(21,800) |
|
|
|
|
|
| |
Investment Activities |
|
|
|
|
|
|
|
|
|
|
|
| |
Financing and Loans Concessions |
- |
- |
- |
- |
- |
(20,000) |
Receiving of Loans and Financing Ceded |
- |
- |
- |
- |
- |
- |
Acquisition of fixed assets |
- |
(579) |
(173) |
(27) |
(2,128) |
(1,146) |
Acquisition of intangible assets |
- |
(513) |
(763) |
- |
(2,245) |
(1,115) |
Acquisition of concession assets |
(20,688) |
(31,518) |
(26,084) |
(11,926) |
(228) |
(32,353) |
Concession for advance of future capital increase |
- |
- |
- |
- |
- |
- |
Acquisition/Contribution of capital in equity participation |
- |
- |
- |
- |
- |
- |
Others |
(290) |
- |
- |
- |
- |
- |
|
|
|
|
|
| |
Net Cash from investments activities |
(20,978) |
(32,610) |
(27,020) |
(11,953) |
(4,601) |
(54,614) |
|
|
|
|
|
| |
Increase (decrease) in cash and cash equivalents |
28,363 |
1,938 |
11,842 |
(8,734) |
(598) |
198,292 |
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 |
37,982 |
6,463 |
17,320 |
15,763 |
6,687 |
260,898 |
28,363 |
1,938 |
11,842 |
(8,734) |
(599) |
198,292 |
18
Marketletter 1Q16
IV.3 Financial Informations 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 (%) | |||||
1Q16 |
1Q15 |
1Q16 |
1Q15 |
1Q16 |
1Q15 |
1Q16 |
1Q15 |
1Q16 |
1Q15 | |
Eletronorte |
1,227 |
1,407 |
544 |
269 |
656 |
130.8 |
712 |
417 |
58% |
30% |
Chesf |
864 |
915 |
-46 |
109 |
-8 |
386.4 |
0 |
123 |
0% |
13% |
Furnas |
1,285 |
1,672 |
328 |
659 |
101 |
410.7 |
377 |
684 |
29% |
41% |
Eletronuclear |
635 |
501 |
189 |
82 |
29 |
123.1 |
288 |
174 |
45% |
35% |
Eletrosul** |
373 |
383 |
106 |
151 |
-25 |
69.9 |
125 |
180 |
34% |
47% |
CGTEE |
14 |
120 |
-176 |
-85 |
-280 |
-167.0 |
-158 |
-64 |
-1,163% |
-53% |
Amazonas GT |
66 |
0 |
-71 |
-40 |
-134 |
0.0 |
-55 |
0 |
-83% |
- |
(R$ Million)
* Values 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 profits intergroup realized.
(R$ Million)
Company |
Net Operating Revenue (R$ Million) |
Service Result* (R$ Million) |
Profit/Loss of Period* (R$ Million) |
EBITDA (R$ Million) |
Margin EBITDA (%) | |||||||||||||
1Q16 |
1Q15 |
1Q16 |
1Q15 |
1Q16 |
1Q15 |
1Q16 |
1Q15 |
1Q16 |
1Q15 | |||||||||
Eletroacre |
95 |
92 |
-45 |
-27 |
-56 |
-39.8 |
-40 |
-23 |
-43% |
-25% | ||||||||
Ceal |
407 |
378 |
-17 |
67 |
-57 |
10.9 |
-8 |
74 |
-2% |
20% | ||||||||
Amazonas Energia |
646 |
843 |
-297 |
160 |
-817 |
-87.3 |
-407 |
226 |
-63% |
27% | ||||||||
Cepisa |
303 |
340 |
-86 |
43 |
-148 |
-17.7 |
-76 |
51 |
-25% |
15% | ||||||||
Ceron |
407 |
287 |
42 |
-10 |
-25 |
-45.3 |
53 |
-1 |
13% |
0% | ||||||||
Boa Vista Energia |
66 |
59 |
-46 |
-40 |
-66 |
-35.3 |
-43 |
-37 |
-66% |
-63% | ||||||||
* Values for consolidation purposes
19
Marketletter 1Q16
IV.3.1 Financing and Loans – R$ Million
Financing and Loans
Local Currency (LC) + Foreign Currency (FC)
Empresa Eletrobras |
Eletrobras (1) |
Others Creditors (2) |
Total (1+2) | ||||||||||||
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
After 2022 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
After 2022 | ||
Eletronorte |
327.69 |
274.33 |
249.30 |
256.43 |
246.65 |
223.38 |
962.23 |
156.25 |
155.59 |
156.68 |
168.27 |
170.89 |
173.89 |
1,308.25 |
4,829.83 |
Chesf |
9.41 |
10.15 |
7.04 |
- |
- |
- |
- |
199.67 |
321.96 |
321.96 |
146.96 |
73.57 |
51.49 |
189.33 |
1,331.54 |
Furnas |
914.00 |
501.00 |
475.00 |
496.00 |
506.00 |
312.00 |
862.00 |
1,203.00 |
1,679.00 |
720.00 |
572.00 |
369.00 |
368.00 |
881.00 |
9,858.00 |
Eletronuclear |
175.07 |
135.64 |
138.11 |
138.11 |
138.11 |
119.55 |
578.90 |
77.82 |
120.25 |
166.78 |
178.88 |
191.85 |
205.77 |
4,828.74 |
7,193.59 |
Eletrosul |
256.99 |
263.13 |
259.07 |
248.74 |
244.52 |
178.51 |
601.62 |
599.11 |
141.83 |
130.19 |
118.55 |
95.49 |
89.28 |
328.50 |
3,555.53 |
CGTEE |
136.50 |
335.90 |
275.80 |
279.70 |
279.70 |
243.50 |
206.60 |
- |
- |
- |
- |
- |
- |
- |
1,757.70 |
Amazonas GT |
277.70 |
80.00 |
74.70 |
53.10 |
22.50 |
12.80 |
0.30 |
- |
- |
- |
- |
- |
- |
- |
521.10 |
Itaipu Binacional |
390.74 |
550.85 |
587.25 |
626.45 |
668.68 |
297.09 |
58.10 |
677.94 |
956.91 |
1,020.90 |
1,089.61 |
1,163.43 |
1,239.61 |
441.43 |
9,768.99 |
Eletroacre |
53.45 |
36.69 |
27.63 |
27.23 |
27.23 |
12.67 |
9.06 |
- |
- |
- |
- |
- |
- |
- |
193.96 |
Ceal |
219.00 |
178.00 |
154.00 |
113.00 |
101.00 |
62.00 |
39.00 |
7.00 |
2.00 |
2.00 |
2.00 |
- |
- |
- |
879.00 |
Amazonas Energia |
215.53 |
210.88 |
207.03 |
205.90 |
200.56 |
120.86 |
39.00 |
- |
- |
- |
- |
- |
- |
- |
1,199.76 |
Cepisa |
341.51 |
56.34 |
26.01 |
7.47 |
6.04 |
5.36 |
354.19 |
4.64 |
5.00 |
5.00 |
5.00 |
5.00 |
5.00 |
18.73 |
845.25 |
Ceron |
142.09 |
114.99 |
155.74 |
100.24 |
82.53 |
64.31 |
79.88 |
- |
- |
- |
- |
- |
- |
- |
739.78 |
Boa Vista Energia |
11.78 |
8.32 |
6.94 |
6.11 |
6.11 |
4.01 |
3.64 |
- |
- |
- |
- |
- |
- |
- |
46.91 |
20
Marketletter 1Q16
IV.3.2 Analysis Result of Generation and Transmission Companies
Eletronorte
The company presented, in the 1Q16, a result higher than in the previous quarter, from a profit of R$ 130.7 million in the 1Q15, to a profit of R$ 656.3 million in the 1Q16, mainly due to the factors described below.
Operating Income
In generation:
Generation segment revenues were lower than in the 1Q15, from R$ 1.30 billion in the 1Q15 to R$ 1.13 billion in the 1Q16. This reduction is explained mainly by the reduction of R$ 264 million in the supply revenue, reflecting the amount of energy purchased – an average of 3,969.58 MW in 2015 and 2,808.44 MW in 2016. The average tariff increased, reaching R$ 156.34/MWh.
In transmission:
Transmission revenues decreased slightly in relation to the 1Q15, from R$ 252.9 million to R$ 207.8 million, mainly because of the construction revenue, which fell from R$ 50.5 million in the 1Q15 to R$ 14.1 million in the 1Q16, but with no impact on the result of the company since it has equivalent value in the Operating Expenses.
Operating Expenses
Operating Expenses decreased R$ 454.7 million, from R$ 1,137.7 million in the 1Q15 to R$ 682.9 million in the 1Q16. This reduction is due, mainly, to the reduction in purchased energy expenses, which fell from R$ 409.2 million in the 1Q15 to R$ 44.8 million in the 1Q16, and to the provisions, which increased from R$ 29.4 million negative to R$ 65.7 million positive. The decrease of the Price for Settlement of Differences – Price for Settlement of Differences – PLD, for the acronym in Portuguese, and lower exposure to energy purchased, because of the lower level of hiring by the company, were the main factors for the reduction of energy costs.
The personnel, materials and services (PMS) costs increased by about R$ 36.5 million, relative to the 1Q15, the most relevant factor being the increase in spending on third-party services, due, mostly to the fact that the 1Q16 result is impacted by the collective bargaining agreement entered into after the 1Q15.
Financial Result
The financial result improved by R$ 275.8 million last quarter, from R$ 166.7 million negative in the 1Q15 to R$ 109.1 million positive in the 1Q16. The gain in the calculation of the fair value of derivative, related to the sale of energy pegged to the price of aluminum, as well as the quarterly appreciation of the real against the dollar contributed to this improvement.
21
Marketletter 1Q16
Shareholdings
The result of the Shareholdings improved, reaching R$ 59.6 million in the 1Q16, compared to R$ 38.4 million in the 1Q15, influenced by the positive result of the investment in the transmission Linha Verde SPE. The only contribution made in the quarter was to the Norte Energia (Belo Monte HPP) in the amount of R$ 339.6 million.
Chesf
The company presented a lower result than in the 1Q15, from a profit of R$ 386.4 million in the 1Q15, to a loss of R$ 7.6 million in the 1Q16, mainly due to the factors described below.
Operating Income
In generation:
Generation revenues decreased, from R$ 709.1 million in the 1Q15 to R$ 562.7 million in the 1Q16. This reduction is explained mainly by the reduction of R$ 138.1 million in the short-term revenue, at the Electric Energy Trading Chamber – CCEE, especially because of the decrease in the Price for Settlement of Differences – PLD and less dispatch of TPP Camaçari.
In transmission:
Transmission revenues increased, from R$ 373.5 million in the 1Q15 to R$ 450.3 million in the 1Q16, mainly because of the construction revenue, which increased from R$ 147.3 million in the 1Q15 to R$ 208.2 million in the 1Q16, reflecting the investments made, but with no impact on the result of the company since it has equivalent value in the Operating Expenses.
Operating Expenses
Operating Expenses increased R$ 103.9 million, from R$ 805.7 million in the 1Q15 to R$ 909.7 million in the 1Q16. Among the main variations, the increase of R$ 39.7 in the PMS account, from R$ 247.1 million in the 1Q15 to R$ 286.8 in the 1Q16, and it is important to highlight the increase in personnel because of the adjustment resulting from the collective bargaining agreement entered into after the 1Q15 and of increased medical expenses. The increase of R$ 47.9 million in the construction expenditure account also contributed to the increase in Operating Expenses, but it has had no impact on the result, since it has equivalent value in the revenue.
It was partially offset by the reduction in R$ 62.9 million of fuel expenses, because of the lower level of the TPP Camaçari.
22
Marketletter 1Q16
Financial Result
The financial result decreased from R$ 262.1 million in the 1Q15 to R$ 27.5 million in the 1Q16. The reduction in the 4T15 occurred, mainly, due to the exemption from compensation of the indemnifications for the first tranche of Law 12,783/2013, due to the receipt of all credits.
Shareholdings
The result of the Shareholdings improved from a loss of R$ 13.8 million in the 1Q15 to a profit of R$ 20.3 million in the 1Q16, influenced by the positive outcome of STN transmission SPE. Equity investments amounted to R$ 172.4 million, with the contribution to the Norte Energia in the amount of R$ 165 million being the most relevant.
Furnas
The company presented, in the 1Q16, a lower result than in the 1Q16, from a profit of R$ 410.6 million in the 1Q15, to a profit of R$ 100.8 million in the 1Q16, mainly due to the factors described below.
Operating Income
In generation:
Generation segment revenues decreased relative to the 1Q15, from R$ 1,468.3 in the 1Q15 to R$ 1,069.2 million in the 1Q16. This reduction is explained mainly by the reduction by R$ 90.9 million in the supply revenue, due to the decontracting of energy in the Free Contracting Environment, or ACL for the acronym in Portuguese, and R$ 254.5 million in the short-term revenue, due to the decrease in the Settlement Price for the Differences – PLD and to the effect of re-settling of Generating Scaling Factor – GSF.
In transmission:
Transmission segment revenues increased relative to the 1Q15, from R$ 370.3 million in the 1Q15 to R$ 395.9 million in the 1Q16. This increase in transmission revenue was mainly due to the Maintenance and Operation Revenue, which increased from R$ 224.7 million in the 1Q15 to R$ 272.2 million in the 1Q16.
Operating Expenses
Operating Expenses decreased from R$ 1,013.4 million in the 1Q15 to R$ 957.2 million in the 1Q16. This reduction was due mostly to (i) the decrease of R$ 115.9 million in the construction expenses; and (ii) the R$ 11.3 million reduction in expenses with purchased energy due to the decrease in the PLD and the re-settling of the GSF.
Reversely, although with marginal impact, an increase of R$ 385.8 million - from R$ 385.8 million in the 1Q15 to R$ 423.3 in the 1Q16 - was observed in the PMS account, due, mostly, to the annual adjustment resulting from the collective bargaining agreement.
23
Marketletter 1Q16
Financial Result
The net financial result was worse, from a negative R$ 111.8 million in the 1Q15 to a negative R$ 180.5 million in the 1Q16. This variation is mainly due to: (i) termination of the compensation related to the 1st tranche of Law 12,783/2013, since it has received 100% of the indemnity; and (ii) the increase in debt charges, from R$ 205.7 million in the 1Q15 to R$ 238.5 million in 1Q16, because of the increase in debt, which reached approximately R$ 9.8 billion.
On the other hand, the positive variation of R$ 82.2 million, in the passive exchange variation account, reflecting the appreciation of the real against the dollar in the quarter, from R$ 3.90/US$ on 12/31/2015 to 3.55/US$ on 03.31.2016, positively impacted the financial result.
Shareholdings
The result of equity investments was negative, from R$ 31.7 million negative in the 1Q15 to R$ 20.0 million negative in the 1Q16. This result mainly reflects the negative result in the Madeira Energia S/A SPE, equivalent to R$ 56.5 million, considering the participation of Furnas in the capital stock of this SPE. According to the financial statements, the shares of capital totaled R$ 312.6 million in the 1Q16, and it is worth highlighting the contribution of R$ 152.1 million in the Madeira Energia and R$ 139.3 million in the São Manoel SPE, so that the balance in the investments account reached R$ 6.34 billion.
Eletronuclear
The company presented, in the 1Q16, a lower result than in the 1Q15, from a profit of R$ 123.1 million in the 1Q15, to a profit of R$ 28.84 million in the 1Q16, mainly due to the factors described below.
Operating Income
In generation:
Net Operating Income increased by R$ 134.2 million, or about 27%, due to the tariff adjustment at the end of 2015, which took into account the cost of fuel as tranche A, as well as a new criterion for its calculation.
Operating Expenses
Operating expenses increased by R$ 27.4 million, from R$ 418.7 million in the 1Q15 to R$ 446.1 million in the 1Q16. This increase is mainly due to: (i) an increase by R$ 21.6 million in other operating expenses, especially the R$ 13.33 million municipal property tax suit, not accounted for in 2015; (ii) an increase by R$ 2.8 million in the costs of transmission charges; and (iii) an increase by R$ 7.1 million in depreciation expenses from the nuclear power plants Angra 1 and 2.
Reversely, the personnel, materials and third-party services – PMS expenses decreased, from R$ 205.0 million in the 1Q15 to R$ 172.4 million in the 1Q16.
24
Marketletter 1Q16
Financial Result
The financial result materially impacted the quarterly result, which decreased from a positive R$ 96.0 million in the 1Q15 to an expense of R$ 126.2 million in the 1Q16. The appreciation of the real against the dollar negatively impacted the company's financial result, especially the foreign exchange rate variation accounts, due to the calculation of the present value of the obligation of decommissioning of the plants and the financial revenue of the decommissioning fund.
The company's indebtedness has increased from R$ 6.82 billion in December 2015 to R$ 7.38 billion in March/2016. The impact on financial expense was small, since the interest on long-term debt related to the works of Angra 3 are capitalized in assets.
Eletrosul
The company presented in the 1Q16 a loss of R$ 26.6 million (R$ 24,5 million considering consolidation adjustment), lower than the profit of R$ 69.0 million in the 1Q15, mainly because of the factors described below.
Operating Income
In generation:
Generation revenues decreased slightly - from R$ 179 million in the 1Q15 to R$ 175 million in the 1Q16. Even though the variation has been was small, the increase in supply revenue (adjustment by the IPCA and new wind farms) is noticed on the one hand, while the reduction of short-term income due to the decrease in the PLD and related adjustments relative to reviews made by the CCEE, arising in particular from legal proceedings related to the GSF filed by several market players, is noticed on the other hand. The average rate of energy sold by Eletrosul was R$ 187.78/MWh, lower than the R$ 194.70/MWh recorded in the 4Q15.
In transmission:
Transmission segment revenues increased by 3.6%, from R$ 230.2 million in the 1Q15 to R$ 238.5 million the 1Q16, due to the result of the adjustment on the value of RAP in the 2015/2016 cycle.
Operating Expenses
Operating expenses increased by 16%, from R$ 232.3 million in the 1Q15 to R$ 267.4 million in the 1Q16. This increase is due mainly to variations by: (i) R$ 10.8 million in the personal account, due to the the collective bargaining agreement entered into after the 1Q15; (ii) R$ 6.9 million in the purchased energy account from Jirau and Teles Pires and (iii) R$ 7.9 million the depreciation account, due to the assets (wind farms) whose operation began at the end of 2015.
25
Marketletter 1Q16
Financial Result
The financial result declined by 140%, from R$ 48.8 million negative in the 1Q15 to R$ 116.9 million negative in the 1Q16. That variation occurred, mainly due to: (i) the end of the remuneration of the claims concerning the first installment of the law 12,783/2013, since 100% of the compensation has been received (a variation of R$ 51.6 million relative to the 1Q15); and (ii) the increase of the burden of debt, which increased from R$ 79.2 million in the 1Q15 to R$ 117.7 million in the 1Q16, because of increased debt, which reached approximately R$ 4.45 billion. Financial expenses were also impacted in the 1Q16 by the costs with the settlement of debentures and the long-term funding to replace these settlements.
The recovery in the 1Q16 of the real against the dollar, which rose from R$ 3.90/US$ on 12/31/2015 to R$ 3.55/US$ on 3/31/2016 had marginal impact in the financial expenses of Eletrosul, since most of the company's debt is in real.
Shareholdings
The result of the corporate equity investment was negative, from R$ 0.6 million negative in the 1Q15 to R$ 18.1 million negative in the 1Q16. This reflects mainly the equity results of investees ESBR Participações and Santa Vitória do Palmar. The creations of capital totaled R$ 38.0 million in the 1Q16, aimed at the Teles Pires SPE. The balance on investments account reached R$ 2.16 billion.
CGTEE
The company presented a 67% increase in losses from the 1Q15 to the 1Q16, from a loss of R$ 167.0 million in the 1Q15 to a loss of R$ 279.6 million in the 1Q16.
Operating Income
In generation:
CGTEE's power supply revenue declined significantly, from R$ 129.4 million in the 1Q15 to R$ 21.9 million in the 1Q16 due primarily to a significant reduction of energy contracts, a short-term revenue drop due to adjustments in the liquidation of the CCEE and the reversal of the 2015 revenue on account of operational problems.
26
Marketletter 1Q16
Operating Expenses
Operating expenses decreased by 7%, from R$ 205.1 million in the 1Q15 to R$ 190.1 million in the 1Q16, mainly due to a decrease by 38% of the expenses with energy purchased for resale, which decreased from R$ 98.9 million in the 1Q15 to R$ 61.3 million in the 1Q16, due, mostly to the fact that the provision for reimbursement to the distribution companies for energy no generated was lower in 2016 than in 2015.
Financial Result
The financial result worsened by 25% in the 1Q16 relative to the 1Q15, from R$ 82.3 million negative in the 1Q15 to R$ 103.2 million negative in the 1Q16, due mainly to an increase by 28% of the burden of debt, which rose from R$ 78.3 million in the 1Q15 to R$ 100.2 million in the 1Q16, reflecting the increase in indebtedness which reached R$ 2.5 billion.
Eletropar
The company presented a net result of R$ 1.4 million both in the 1Q15 and in the 1Q16. The worsening in operating expenses were offset by the improvement in the financial result, therefore keeping the result at the same level in the comparison between the two periods.
Operating Expenses
Operating expenses increased by 112%, from R$ 0.9 million in the 1Q15 to R$ 1.9 million in the 1Q16, due principally to the operating provisions account, which increased from zero in the 1Q15 to R$ 0.7 million in the 1Q16, and other operating expenses, which increased from R$ 0.1 million in the 1Q15 to R$ 0.3 million in the 1Q16.
Financial Result
The financial result showed a 76% increase, from R$ 1.6 million in the 1Q15 to R$ 2.8 million in the 1Q16. This increase can be justified, almost exclusively, by an increase in the revenue from financial investments, from R$ 1.6 million in the 1Q15 to R$ 2.9 million in the 1Q16.
Shareholdings
The result of equity investments of the 1Q16 remained at the same level of 1Q15: R$ 0.9 million.
Current Income Tax and Social Contribution
There was a significant increase in the current Income Tax and Social Contribution account, from R$ 0.15 million in the 1Q15 to R$ 0.37 million in the 1Q16.
27
Marketletter 1Q16
Amazonas GT
The company presented in the 1Q16 a loss of R$ 134.3 million. The company has no financial data for comparison relative to the 1Q15, however, this quarter's loss was smaller than that of the 4Q15 (R$ 202.7 million), due primarily to the factors described below.
Operating Income
In generation:
Amazonas GT's revenue decreased from R$ 139.8 million in the 4Q15 to R$ 114.7 million in the 1Q16. This revenue is partly due to energy supply contracts signed with their parent company, Amazonas Distribuidora, and partly due to System Service Charges - ESS for the acronym in Portuguese, intended to cover the fixed and variable costs of some fuel oil thermal plants.
Operating Expenses
Operating expenses decreased from R$ 215.7 million in the 4Q15 to R$ 136.1 million in the 1Q16, due primarily to the reduction of provisions, which rose from R$ 260.9 million in the 4Q15 to R$ 1.44 million in the 1Q16, particularly because new impairment provisions, such as the one recorded in the 4Q15.
In the opposite direction, with less significant impact, the following facts were observed: (i) increase in Personnel, Materials and third-party Services - PMS costs, from R$ 31.3 million in the 4Q15 to R$ 35.2 million in the 1Q16, because mainly of the increase in personnel costs, due to the collective bargaining agreement and the provision for vacations in the quarter and (ii) increase in fuel costs due to the stock outs for the month of December/2015 in January/2016, due to problems in the system. Another factor that contributed to the increase in operating expenses was the provision of PIS and COFINS in January/2016 in the amount of R$ 32,638 thousand relative to the 2015 fiscal year on the compensation of the System Service Charge - ESS.
Financial Result
The net financial result improved relative to the previous quarter, from R$ 87.9 million in the 4Q15 to R$ 63.8 million in the 1Q16, due mostly to the reduction of the price-level restatement.
28
Marketletter 1Q16
IV.3.3 Analysis Result of Distribution Companies
Amazonas Energia
The company presented in the 1Q16 a loss of R$ 817.4 million, due primarily to the factors described below. The result of the 1Q16 will be compared with the result of the 4Q15, since the unbundling of Amazonas Energia occurred in the second half of 2015, so the result of the 1Q15 refers to a non-comparable verticalized company.
Operating Income
In distribution:
The net operating income reached R$ 645.5 million in the 1Q16. The increase in supply revenue stands out, as it rose from R$ 444.4 million in the 4Q15 to R$ 634.4 million in the 1Q16, reflecting the tariff adjustment by 35.76% granted at the end of October and with effect as of February, after an injunction drop. The generation revenue, relative to the remote assets, presented a small reduction, from R$ 84.1 million in the 4Q15 to R$ 76.1 million in the 1Q16. The short-term revenue, which was R$295.9 million negative in the 4Q15, because of the rectification of the revenues of 2015, reached R$ 38.3 million in the 1Q16.
Operating Expenses
Operating expenses reached R$ 942.8 million. The following facts are worth mentioning: (i) reduction in PMS expenses from R$ 143.8 million in the 4Q15 to R$ 122.3 million in the 1Q16, mainly because of the reduction of the costs with third-party service; (ii) reduction of the costs of construction, from R$ 113.7 million in the 4Q15 to R$ 44.6 million. On the other hand, the following facts are also worth mentioning: (i) increase in energy expenditure, which rose from R$ 346.3 million in the 4Q15 to R$ 399.9 million the 1Q16 , reflecting the average ACR increase from R$ 192.61 MWh in 2015 to R$ 295.10 MWh in 2016 as the transfer to the consumer tariff is limited to this value for the contracts arising from the isolated system and (ii) increase in fuel costs, net of the CCC grant, which reached R$ 88.1 million in the 1Q16, due to reduction of the subsidized part because of subsidies limitation due to change of the cut-off factor (effective losses).
Financial Result
The financial result declined even further, from R$ 337.5 million negative in the 4Q15 to R$ 384.9 million negative in the 1Q16. The worsening of the financial results is explained mainly by the reduction of other financial income, which decreased from R$ 279.1 million in the 4Q15 to R$ R$ 158.9 million in the 1Q16 as well as by the increase in debt charges from R$ 47.4 million in the 4Q15 to R$ 52.1 million in the 1Q16.
29
Marketletter 1Q16
Shareholdings
The result of the corporate equity investments reached R$ 135.1 million, mainly due to the loss calculated for Amazonas GT. This result takes into account the equity of Amazonas GT and the verification of prior-year adjustments.
30
Marketletter 1Q16
Eletroacre
The company presented in the 1Q16 a loss of R$ 56.3 million, a 41% drop compared with the loss obtained in the 1Q15 (R$ 40 million), due primarily to the factors described below. However, is worth highlighting the improvement relative to the end of 2015 results.
Operating Income
In distribution:
The company's net operating income increased by 3%, from R$ 91.6 million in the 1Q15 to R$ 94.6 million in the 1Q16. The following facts stand out: (i) R$ 38 million increase at energy revenues (ii) reduction of CVA revenue to a negative amount of R$ 2.2 million and (ii) R$ 38.7 million increase in operating revenue deductions.
Operating Expenses
Operating expenses increased by 19%, or R$ 22 million, from R$ 118.1 million in the 1Q15 to R$ 139.2 million in the 1Q16, due, mainly, to (i) the increase by R$ 5.6 million operating provisions due; (ii) the costs with fuel purchase that, unlike in the 1Q15, when they did not register deficit relative to the value received from grant, in the 1Q16 they recorded a deficit of R$ 7 million, due to reduction of the subsidized part because of subsidies limitation due to change of the cut-off factor (effective losses) and the impediment to the receipt of funds, since it has been vetoed by ANEEL and (iii) an increase of R$ 6 million in purchased energy expenses.
The insignificant increase in PMS expenses (0.2%, compared to the 1Q15), and the reduction in payment of charges on grid usage from R$ 3.8 million in the 1Q15 to R$ 1 million in the 1Q16, a 72% reduction, mitigated the increase in operating expenses.
Financial Result
The financial result improved by 11.7%, from R$ 13 million negative in the 1Q15 to R$ 11.7 million negative in the 1Q16. This variation is due mainly due to the reduction in the payment of the debt burden of R$ 5.7 million. This reduction in the payment of the debt burden minimized the negative effects of the increases recorded in the net restatement, R$ 4 million, and other financial expenses, R$ 1.2 million.
31
Marketletter 1Q16
Ceal
The company presented in the 1Q16 a loss of R$ 56.6 million, a significant worsening compared to the 1Q15, when a profit of R$ 10.9 million was recorded. This worsening is due primarily to the factors described below.
Operating Income
In distribution:
The net operating income - NOI presented an increase of R$ 29.4 million, from R$ 377.9 million in the 1Q15 to R$ 407.3 million in the 1Q16. The increase in the NOI, however, could be much higher if it were not for the negative variation of R$ 63.3 million on the CVA account.
Operating Expenses
Operating expenses had an increase of R$ 113.7 million, or 36.6%, from R$ 310.7 million in the 1Q15 to R$ 424.3 million in the 1Q16, mainly due to: (i) the increase in R$ 67 million in the energy purchased for resale account, from R$ 201.3 million in the 1Q15 to R$ 268.2 million in the 1Q16; (ii) the negative reversal in operating provisions, from R$ 7.6 million to R$ 5.3 million negative, a worsening of R$ 12.5 million, due to the increase in labor and civil lawsuits arising from the classification of some labor and civil procedures from possible to probable losses (also noteworthy is the default in the public service class) and (iii) the increase by 67.3% in other operating expenses, representing an increase of R$ 13.2 million, influenced by the increase in expenses with personnel, third party services and losses on uncollectible accounts.
Financial Result
The financial result presented a worsening of R$ 24.9 million, from R$ 14.7 million negative in the 1Q15 to R$ 39.6 million negative in the 1Q16, mainly due to price-level restatement that presented a worsening of R$ 22.2 million.
The decrease in other financial expenses by R$ 7 million, and the increase in the addition of energy sold by R$ 8.6 million partially offset this worsening of financial results.
32
Marketletter 1Q16
Cepisa
Cepisa presented in the 1Q16 a loss inferior to the registered in the same quarter of the previous year-, from a loss of R$ 17.7 million in 1Q15 to a loss of R$ 147.5 million in 1Q16, mainly due to the factors described below.
Operating income
Distribution:
Net operating revenues decreased by R$ 37.3 million, from R$ 340.1 million in 1Q15 to R$ 302.8 million in 1Q16. This variation is explained by the reduction of R $ 29.4 million in revenue from the "Part A" and increases in deductions from operating revenue, due, primarily, to the accounting for R$ 19.1 million of tariff flags which started to be accounted only from 2015 and the increase in the CDE quota by R$ 23.1 million.
It is worth mentioning that the tariff adjustment granted in September 2015, repositioned dealership rates at 10.85% (average effect for the captive consumer end of 5.53%) and 9.81% relating to the portion A.
Operating expenses
Operating expenses increased by R$ 91.3 million, or 30.7%, from R$ 297.4 million in 1Q15 to R$ 388.7 million in 1Q16. This increase is mainly due to (i) the R$ 42.4 million increase related to change in due power purchase contracts, mainly at the beginning of the supply of three new auctions with high average rates of purchase and the tariff adjustment practiced in the power purchase agreements in 10.78% (IPCA) from August/2015, reflecting therefore the first quarter of 2016; (ii) the increase in expenses with Personnel, Material and Service (PMS) in 29.6% , R$ 15.6 million, of which 55% of this increase relates to only expenses with third-party services due to mainly, growth of the following services: reading, billing and delivery of bills; servicing and maintenance of distribution networks, surveillance and collection charges.
Financial result
The financial result presented a slight decrease, from R$ 60.5 million negative in 1Q15 to R$ 61.7 million in 1Q16, practically there were three key factors for maintaining this item almost same level of financial results, which are (i) reductions in the payment of debt service charges, financial expenses and arrears on energy sold which together reach R$ 14 million, and (ii) an increase in expenses with net monetary restatements of R$ 16.1 million.
33
Marketletter 1Q16
Ceron
The company presented at a loss of R$ 25 million in the 1Q16, better than the loss of R$ 45.3 million in the 1Q15, and this improvement is even more representative relative to the company's 2015 results (a loss of R$ 561 million). This is due primarily to the factors described below.
Operating Income
The net operating income - NOI presented an increase by R$ 119.8 million, from R$ 287.3 million in the 1Q15 to R$ 407.3 million in the 1Q16. The R$ 102.2 million increase in the supply of electricity, due to the collection of tariff flags, combined with the R$ 109.4 million positive variation in the CVA account were the main factors behind the 41.7% increase in the company's NOI. The tariff flags mechanism aims at the monthly transfer of expenses with thermoelectric power purchase. The readjustment granted in late November 2015 repositioned the company's tariffs by 48.08% (average effect to the captive consumer of 13.41%), 45.50% of which related to the tranche A.
Deductions from operating revenues presented a R$ 92.1 million increase, or 81.9%, due to increased taxes and transfer of tariff flags.
Operating Expenses
Operating expenses increased by R$ 67.5 million, or 22.7%, from R$ 297.4 million in the 1Q15 to R$ 364.9 million in the 1Q16. This increase was due mostly to (i) the addition of purchased energy costs, R$ 28.1 million, due, mainly, to an increase in the average ACR, from R$ 192.61 MWh in 2015 to R$ 295.10 MWh because the transfer to the consumer tariff is limited to this value for the contracts arising from the isolated system, and these contracts represent approximately 70% of Company’s power purchase contracts; (ii) a negative variation of R$ 13.7 million in other operating expenses due, mainly, to the increase by R$ 5.6 million in losses on receivables credits and (iii) the increase in the operating provisions of R$ 16 million
The not-so-high PMS expenses (R$ 4 million) - the expenses on personnel responsible for 52% of this increase, due to the collective bargaining agreement entered into after the 1Q15 - partially minimized this increase in operating expenses.
Financial Result
The financial result showed a worsening by R$ 32 million, from R$ 35.2 million negative in the 1Q15 to R$ 67.2 million negative in the 1Q16, mainly due to the increase by R$ 139.2 million of other financial expenses related to energy supply output with Eletronorte/Termonorte II, pursuant to ANEEL's official letter issued in November 2015. This increase in financial expenses was largely offset by the increase by R$ 110.7 million in other financial income related to the update to 12/31/2015 of credits with CCC not transferred to Ceron until November 2014.
34
Marketletter 1Q16
Boa Vista Energia
The company presented, in the 1Q16, a net result 87.4% lower than in the 1Q15, from a loss of R$35.3 million in the 1Q15 to a loss of R$ 66.2 million in the 1Q16, due to the factors described below.
Operating Income
In distribution:
Net operating income increased by 10.3%, or R$ 6.1 million, from R$ 59.4 million in the 1Q15 to R$ 65 million in the 1Q16, due mainly to the variation in the volume of energy sold, that increased by 14.1%. It is worth highlighting that, in late October 2015, a tariff adjustment was granted which repositioned the company's fees by 38.83% (with an average effect of 41.52% for the captive consumer), 36.62% of which related to the tranche A. However, this adjustment did not impact the result for the quarter as it was suspended by an injunction granted by the 4th Court of the Judicial Section of the State of Roraima. It is worth highlighting that, in April 2016, the injunction no longer in force, so that the company is already applying the adjustment granted, while it evaluates the way it will receive the amount it is entitled to, retroactive to the injunction date.
Operating Expenses
Operating expenses increased by R$ 12.3 million, compared to the 1Q15, or 12.4%, from R$ 99.2 million in the 1Q15 to R$ 111.5 million in the 1Q16. Boa Vista’s operating deficit in the 1Q16 amounted to R$ 50 million. Such worsening is due mainly to: (i) the power purchased for resale, which suffered the greatest variation due to the effects of the increase in the value of the average cost of energy and potency marketed by the distribution agents in the Regulated Contracting Environment - ACR for the acronym in Portuguese - by 53.21% as of January 2016; and (ii) the increase in expenses with the purchase of fuel for energy production by R$ 10.4 million, or 48%, mainly due to the reduction of the subsidized part, from 82.1% in the 1Q15 to 62% in the 1Q16, due to the subsidies limitation due to change of the cut-off factor (effective losses) and impediment to receipt of funds, as it was vetoed by ANEEL. The operating worsening of the operating deficit was partially offset by the decrease in the values recorded in the operating provisions, from R$ 30.1 million in the 1Q15 to R$ 14.7 million, a 50% reduction.
Financial Result
The net financial result showed a decrease of R$ 24.7 million, from a revenue of R$ 4.5 million in the 1Q15 to an expense of R$ 20.2 million in the 1Q16. Such a significant reduction was due to the moratorium increase in purchased energy of R$ 18.4 million, mainly related to contracts of power purchased for resale with Eletronorte and the increase recorded in the net monetary variations, of R$ 12.1 million, especially relative to the term acknowledging the debt with Petrobras.
35
Marketletter 1Q16
Celg-D
As of the 1Q16, Celg-D will no longer be subject of quarterly analyses, due to the company’s deconsolidation in Eletrobras’ Financial Statements, resulting from decision to sell the entire equity interest of Eletrobras in this company.
36
Marketletter 1Q16
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 2015 |
Total (a+b+c+d) |
Eletrobras Holding (1) |
- |
- |
13 |
- |
- |
13 |
Eletronorte |
9,281 |
78 |
121 |
- |
- |
9,480 |
Chesf |
1,401 |
9,215 |
1,087 |
- |
185 |
11,702 |
Furnas |
4,212 |
4,617 |
1,906 |
403 |
- |
11,139 |
Eletronuclear |
1,990 |
- |
- |
- |
- |
1,990 |
Eletrosul |
472 |
- |
1,201 |
- |
93 |
1,673 |
CGTEE |
670 |
- |
- |
- |
- |
670 |
Itaipu Binacional |
7,000 |
- |
- |
- |
- |
7,000 |
Amazonas G&T |
1,299 |
- |
- |
- |
- 264 |
1,299 |
Distribution Companies |
440 |
- |
- |
- |
- |
440 |
Total |
26,765 |
13,910 |
4,328 |
403 |
14 |
45,405 |
(1) The Artilleros Wind Farm was not considered, because it is an enterpirse located abroad.
V.2 Transmission Lines - Km
Company |
Integral Responsability (a) |
Integral Responsability under O&M Regime (b) |
SPE (c) |
Physical Aggregation 2015 |
Total (a+b+c) |
Eletronorte |
754 |
10,023 |
2,072 |
0 |
12,848 |
Chesf |
1,281 |
18,768 |
1,668 |
323 |
21,717 |
Furnas |
1,328 |
18,759 |
1,368 |
180 |
21,454 |
Eletrosul (1) |
1,383 |
9,426 |
1,087 |
89 |
11,896 |
Amazonas G&T |
439 |
- |
- |
0 |
439 |
Distribution Companies |
388 |
- |
- |
66 |
388 |
Total |
5,573 |
56,976 |
6,194 |
658 |
68,742 |
(1) The variation is due to the sale of shares to Eletronorte and the revaluation of assets.
37
Marketletter 1Q16
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 | |||||||
Eletronorte |
Complexo de Tucuruí |
PA |
Nov/84 |
Jul/24 |
8,535.00 |
4,140.00 |
8,805,785.48 |
HPU Samuel |
RO |
Jul/89 |
Sep/29 |
216.75 |
92.70 |
91,832.13 | |
HPU Curuá-Una |
PA |
Jul/77 |
Jul/28 |
30.30 |
24.00 |
30,945.77 | |
TPU Rio Madeira (1) |
RO |
Apr/68 |
Sep/18 |
119.35 |
- |
- | |
TPU Santana |
AP |
Jan/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 | |
TPU Senador Arnon Afonso Farias de Mello(3) |
RR |
1st Unit (mach. 2) dec/90; |
Aug/24 |
85.99 |
- |
- | |
Chesf |
Curemas |
PB |
Jun/57 |
Nov/24 |
3.52 |
1.00 |
0.01 |
Sobradinho |
BA |
Apr/79 |
Feb/52 |
1,050.30 |
531 |
370,501.43 | |
Camaçari (5) |
BA |
Feb/79 |
Aug/27 |
346.8 |
45.8 |
11,924.42 | |
Furnas |
Mascarenhas de Moraes |
MG |
Apr/73 |
Oct/23 |
476.00 |
295.00 |
139,809.28 |
Itumbiara |
GO/MG |
Feb/80 |
Feb/20 |
2,082.00 |
1,015.00 |
586,925.51 | |
Simplício (8) |
RJ |
Jun/13 |
Aug/41 |
305.70 |
175.40 |
277,837.41 | |
Batalha |
MG |
May/14 |
Aug/41 |
52.50 |
48.80 |
23,342.12 | |
Serra da Mesa (48.46%) (6) |
GO |
Apr/98 |
Nov/39 |
1,275.00 |
671.00 |
722,992.60 | |
Manso (70%) (6) |
MT |
Oct/00 |
Feb/35 |
212.00 |
92.00 |
217,603.71 | |
Santa Cruz (7) |
RJ |
Mar/67 |
Jul/15 |
500.00 |
401.20 |
704,804.13 | |
Roberto Silveira (Campos) |
RJ |
Apr/77 |
Jul/27 |
30.00 |
21.00 |
16,340.84 | |
Eletronuclear |
Angra I |
RJ |
Jan/85 |
Dec/24 |
640.00 |
509.80 |
1,405,740.06 |
Angra II |
RJ |
Sep/00 |
Aug/40 |
1,350.00 |
1,204.70 |
2,952,960.82 | |
Eletrosul |
HPU Mauá (9) |
PR |
Nov/12 |
Jul/42 |
177.93 |
96.90 |
380,794.00 |
HPU Passo São João |
RS |
Mar/12 |
Aug/41 |
77.00 |
41.10 |
125,326.00 | |
HPU São Domingos |
MS |
Jun/13 |
Dec/37 |
48.00 |
36.40 |
93,120.30 | |
SHU Barra do Rio Chapéu |
SC |
Feb/13 |
May/34 |
15.15 |
8.61 |
24,285.10 | |
SHU João Borges |
SC |
Jul/13 |
Dec/35 |
19.00 |
10.14 |
24,807.90 | |
Wind Farm Cerro Chato I |
RS |
Jan/12 |
Aug/45 |
30.00 |
11.33 |
19,829.07 | |
Wind Farm Cerro Chato II |
RS |
Aug/11 |
Aug/45 |
30.00 |
11.33 |
20,163.80 | |
Wind Farm Cerro Chato III |
RS |
Jun/11 |
Aug/45 |
30.00 |
11.33 |
20,132.42 | |
WPP Coxilha Seca |
RS |
Dec/15 |
May/49 |
30.00 |
11.69 |
22,393.40 | |
|
WPP Capão do Inglês |
RS |
Dec/15 |
May/49 |
10.00 |
3.90 |
7,279.90 |
|
WPP Galpões |
RS |
Dec/15 |
May/49 |
8.00 |
3.12 |
5,822.70 |
|
Megawatt Solar |
SC |
Sep/14 |
- |
0.93 |
NA |
38.00 |
CGTEE |
P. Médici (Candiota) |
RS |
Jan/74 |
Jul/15 |
320.00 |
183.40 |
183,512.40 |
Candiota III – Fase C |
RS |
Jan/11 |
Jul/41 |
350.00 |
262.40 |
470,856.22 | |
S. Jerônimo (Candiota) |
RS |
Apr/53 |
Jul/15 |
- |
- |
- | |
Nutepa (Candiota) |
RS |
Feb/68 |
Jul/15 |
- |
- |
- | |
Itaipu Binacional |
Itaipu Binacional |
PR |
Mar/85 |
- |
14,000 |
8,577 |
25,631,062.00 |
Amazonas GT |
HPU Balbina |
AM |
Jan/89 |
Mar/27 |
249.75 |
132.30 |
115,560.06 |
TPU Aparecida |
AM |
Feb/84 |
Jul/20 |
282.48 |
186.00 |
269,990.11 | |
TPU Mauá |
AM |
Apr/73 |
Jul/20 |
502.16 |
179.80 |
234,991.64 | |
TPU São José |
AM |
Feb/08 |
Aug/16 |
73.40 |
50.00 |
50,127.36 | |
TPU Flores |
AM |
Feb/08 |
Aug/16 |
124.70 |
80.00 |
31,512.81 | |
TPU Iranduba |
AM |
Nov/10 |
Aug/16 |
66.60 |
25.00 |
38,514.74 |
38
Marketletter 1Q16
(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 TPU's 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) HPU's shared, but Furnas adiquire the partner fraction through power purchase agreements - considered full gerção each HPU.
(7) The power of 500 MW excludes the GUs 3 and 4 whose commercial operation is temporarily suspended by Aneel, as Order No 3,263 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 GUs 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-Anta 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 | |||||||
Eletronorte |
HPU Coaracy Nunes |
AP |
Oct/75 |
Dec/42 |
78.00 |
62.60 |
137,835.11 |
Chesf |
Funil |
BA |
Mar/62 |
Dec/42 |
30.00 |
10.91 |
2,604.23 |
Pedra |
BA |
Apr/78 |
Dec/42 |
20.00 |
3.74 |
13,366.99 | |
Araras |
CE |
Feb/67 |
Jul/15 |
4.00 |
- |
- | |
Paulo Afonso and Piloto Complex |
BA |
Jan/55 |
Dec/42 |
4,281.60 |
2,225.00 |
1,844,585.64 | |
Luiz Gonzaga (Itaparica) |
PE |
Feb/88 |
Dec/42 |
1,479.60 |
959.00 |
813,768.06 | |
Boa Esperança (Castelo Branco) |
PI |
Jan/70 |
Dec/42 |
237.30 |
143.00 |
271,241.36 | |
Xingó |
SE |
Apr/94 |
Dec/42 |
3,162.00 |
2,139.00 |
2,129,035.28 | |
Furnas |
Furnas |
MG |
Mar/63 |
Dec/42 |
1,216.00 |
598.00 |
209,317.51 |
Luis Carlos Barreto (Estreito) |
SP/MG |
Jan/69 |
Dec/42 |
1,050.00 |
495.00 |
317,249.37 | |
Porto Colômbia |
MG/SP |
Mar/73 |
Dec/42 |
320.00 |
185.00 |
363,708.13 | |
Marimbondo |
SP/MG |
Apr/75 |
Dec/42 |
1,440.00 |
726.00 |
1,856,133.86 | |
Funil |
RJ |
Apr/69 |
Dec/42 |
216.00 |
121.00 |
257,836.21 | |
Corumbá I |
GO |
Apr/97 |
Dec/42 |
375.00 |
209.00 |
389,752.01 | |
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 | |
R$ Million |
MWh | ||
Eletronorte |
Eletrobras System |
131.73 |
653,014 |
Others |
803.38 |
5,328,220 | |
Chesf |
Eletrobras System |
- |
- |
Others |
224.80 |
1,828,519 | |
Furnas |
Eletrobras System |
85.32 |
378,756 |
Others |
802.39 |
3,729,292 | |
Eletronuclear |
Eletrobras System |
32.20 |
154,453 |
Others |
683.32 |
3,277,694 | |
Eletrosul |
Eletrobras System |
- |
- |
Others |
99.74 |
531,171 | |
CGTEE |
Eletrobras System |
139.12 |
712,679 |
Others |
- |
- | |
Itaipu Binacional |
Eletrobras System |
725.08 |
22,388,370 |
Others |
97.67 |
3,060,479 | |
Amazonas GT |
Eletrobras System |
114.70 |
733,046.90 |
Others |
- |
- |
39
Marketletter 1Q16
VI.1.3.2 Energy Sold by enterprises renewed by 12,783/13 Law – O&M
Company |
Buyer |
1Q16 | |
R$ Million |
MWh | ||
Eletronorte |
Eletrobras System |
0.26 |
10,187 |
Others |
3.20 |
126,937 | |
Chesf |
Eletrobras System |
26.59 |
919,624 |
Others |
293.58 |
10,791,102 | |
Furnas |
Eletrobras System |
15.66 |
402,650 |
Others |
183.74 |
4,724,802 | |
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 | |
1Q16 |
1T16 | |
Eletronorte |
89.42 |
2,347,820 |
Chesf |
-22.42 |
-63,935 |
Furnas |
-163.53 |
0 |
Eletronuclear |
n/a |
n/a |
Eletrosul |
4.39 |
287,757 |
CGTEE |
0.00 |
96,001 |
Itaipu Binacional |
n/a |
n/a |
Amazonas GT |
52.49 |
40,446 |
VI.1.4 Energy purchased for Resale
Company |
Buyer |
1Q16 | |
R$ Million |
MWh | ||
Eletronorte |
Eletrobras System |
- |
- |
Others |
44.82 |
271,202 | |
Chesf |
Eletrobras System |
- |
- |
Others |
70.48 |
444,857 | |
Furnas |
Eletrobras System |
- |
- |
Others |
136.46 |
832,254 | |
Eletronuclear |
Eletrobras System |
n/a |
n/a |
Others |
n/a |
n/a | |
Eletrosul |
Eletrobras System |
71.19 |
354,860 |
Others |
- |
- | |
CGTEE |
Eletrobras System |
51.48 |
294,975 |
Others |
- |
- | |
Itaipu Binacional |
Eletrobras System |
n/a |
n/a |
Others |
n/a |
n/a | |
Amazonas GT |
Eletrobras System |
- |
- |
Others |
- |
- |
40
Marketletter 1Q16
VI.1.5 Average Rate
VI.1.5.1 Enterprises not renewed by 12,783/13 Law
Eletrobras Companies |
1Q16 |
Eletronorte |
156.34 |
Chesf |
128.32 |
Furnas |
216.09 |
Eletronuclear |
208.48 |
Eletrosul |
187.78 |
CGTEE |
195.21 |
Itaipu Binacional (1) |
22.60 |
Amazonas GT |
169.25 |
(1) Amounts in U$/Kw.
VI.1.5.2 Enterprises renewed by 12,783/13 Law – O&M
Eletrobras Companies |
1Q16 |
Eletronorte |
25.17 |
Chesf |
28.00 |
Furnas |
38.89 |
Eletronuclear |
n/a |
Eletrosul |
n/a |
CGTEE |
n/a |
Itaipu |
n/a |
Amazonas GT |
n/a |
VI.1.6 Fuel used by Electric Energy Production
Eletrobras Companies |
Type |
Unit |
1Q16 | |
Amount |
R$ Million | |||
Eletronorte |
Special Diesel Oil |
Litre |
1,107,000 |
3.51 |
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 | |
Eletronuclear |
Uranium |
kg |
103,561 |
96.90 |
Eletrosul |
n/a |
n/a |
n/a |
n/a |
CGTEE |
Coal |
Ton |
746,831 |
34.46 |
Fuel Oil |
kg |
3,185,880 |
5.63 | |
Diesel Oil |
Litre |
16,600 |
0.04 | |
Itaipu Binacional |
n/a |
n/a |
n/a |
n/a |
Amazonas GT |
Diesel Oil |
Litre |
35,905,308 |
129.40 |
(1) Adjustment in stock on Feb/15.
41
Marketletter 1Q16
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 |
13 |
1,383 |
Amazonas GT |
- |
- |
- |
- |
- |
- |
439 |
- |
- |
439 |
Amazonas Energia |
- |
- |
- |
- |
- |
- |
- |
- |
388 |
388 |
Total |
- |
- |
1,047 |
844 |
- |
161 |
2,769 |
351 |
401 |
5,573 |
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 |
- |
- |
5,618 |
959 |
203 |
10,023 |
Chesf |
- |
- |
- |
5,372 |
- |
- |
12,623 |
463 |
311 |
18,768 |
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 |
24,969 |
5,475 |
735 |
56,976 |
VII.2 Transmission Losses - %
Eletrobras Companies |
1Q16 |
Eletronorte |
1.28 |
Chesf |
2.58 |
Furnas |
2.14 |
Eletronuclear |
n/a |
Eletrosul |
1.55 |
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 |
366.5 |
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 | |
Sena 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 |
High SS Apolonio Sales Plant |
480.0 |
AL |
Feb/77 |
Dec/42 |
High SS Luiz Gonzaga Plant |
1,665.0 |
PE |
May/88 |
Dec/42 | |
High SS Plant Paulo Afonso I |
202.5 |
BA |
Jan/55 |
Dec/42 | |
High SS Plant Paulo Afonso II |
495.0 |
BA |
Jan/62 |
Dec/42 | |
High SS Plant Paulo Afonso III |
960.0 |
BA |
Jan/71 |
Dec/42 | |
High SS Plant Paulo Afonso IV |
2,700.0 |
BA |
Nov/79 |
Dec/42 | |
High SS Plant Piloto |
3.0 |
BA |
Jan/53 |
Dec/42 | |
High SS Plant Xingó |
3,330.0 |
SE |
Nov/94 |
Dec/42 | |
High SS Plant Araras |
5.0 |
CE |
Feb/60 |
Dec/42 | |
High SS Plant B. Esperança |
280.0 |
PI |
Mar/70 |
Dec/42 | |
High SS Plant Funil |
43.2 |
BA |
Jan/59 |
Dec/42 | |
High SS Plant Pedra |
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 |
1,520.0 |
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 SSnhor 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 |
300.0 |
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 |
967.1 |
RJ |
Apr/71 |
Dec/42 | |
Araraquara |
- |
SP |
Apr/76 |
Dec/42 | |
Bandeirantes |
1,433.3 |
GO |
Oct/72 |
Dec/42 | |
Barro Alto |
149.7 |
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 |
11,600.4 |
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 |
11,006.0 |
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 |
1,044.2 |
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 |
Jan/00 |
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 |
42
Marketletter 1Q16
(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 related substations.
VII.3.2 Substation – Enterprise not renewed in terms of 12,783/13 Law
Company |
SS |
Transformation Capacity (MVA) |
Location (State) |
Beginning of Operation |
End of Concession |
Eletronorte |
Ribeiro Gonçalves |
350.0 |
MA |
Dec/11 |
Jan/39 |
Balsas |
100.0 |
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 | |
|
Porto Velho Collector |
5,438.4 |
RO |
Mar/13 |
Feb/39 |
Chesf |
High SS Curemas Plant |
5.0 |
PB |
Jan/68 |
Nov/24 |
High SS Camaçari TPU |
400.0 |
BA |
Sep/78 |
Aug/27 | |
High SS Sobradinho Plant |
1,200.0 |
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 |
1200.0 |
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 |
300.0 |
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 | |
Furnas (2) |
Zona Oeste |
900.0 |
RJ |
Dec/14 |
May/42 |
Batalha |
90.0 |
MG |
Aug/06 |
Aug/41 | |
Campos |
185.0 |
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 |
1,821.0 |
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 |
2,693.1 |
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 |
300.0 |
MS |
Jan/16 |
Jan/44 | |
Biguaçu – extension |
150.0 |
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 entrance
(2) Total Transformation Capacity (MVA Total) = operating capacity + capacity + capacity reservation under review.
(3) Affected but not yet extended.
(4) Extension denied.
VIII.Distribution Data
VIII.1 Distribution Data
Company |
Extension of Distribution Lines (Km) |
Number of Customers |
Number of Municipalities Assisted |
Substations |
Eletroacre |
19,430 |
243,983 |
22 |
15 |
Ceal |
22,538 |
1,055,571 |
102 |
40 |
Amazonas Energia |
47,856 |
915,342 |
62 |
24 |
Cepisa |
88,053 |
1,180,920 |
224 |
84 |
Ceron |
57,672 |
592,824 |
52 |
60 |
Boa Vista Energia |
3,568 |
109,965 |
1 |
3 |
VIII.2 Energy Sold – MWh
Company |
1Q16 |
Eletroacre |
243,983 |
Ceal |
872,817 |
Amazonas Energia |
1,503,876 |
Cepisa |
765,182 |
Ceron |
717,507 |
Boa Vista Energia |
200,319 |
Total |
4,303,683 |
VIII.2.1 Energy Sold by Consumer Class
Class |
1Q16 | |
R$ Million |
MWh | |
Residential |
75,115.63 |
1,765,185 |
Industrial |
6,296.45 |
676,997 |
Commercial, services and others activities |
35,182.87 |
956,289 |
Rural |
5,123.84 |
201,328 |
Public Utilities |
15,846.72 |
342,717 |
Public Ilumination |
4,990.69 |
187,478 |
Public service |
4,142.61 |
162,023 |
Own Consumption |
105.68 |
8,778 |
Others |
891.27 |
2,888 |
Total |
147,695.77 |
4,303,683 |
VIII.3 Energy purchased for resale
Company |
Buyer |
1Q16 | |
R$ Million |
MWh | ||
Eletroacre |
Eletrobras System |
145,781.00 |
243,429 |
Others |
- |
- | |
Ceal |
Eletrobras System |
56.30 |
262,812 |
Others |
231.90 |
1,051,246 | |
Amazonas Energia |
Eletrobras System |
- |
2,062,635 |
Others |
133.36 |
511,184 | |
Cepisa |
Eletrobras System |
53.78 |
380,422 |
Others |
188.33 |
762,631 | |
Ceron |
Eletrobras System |
34.53 |
188,340 |
Others |
181.65 |
990,742 | |
Boa Vista Energia |
Eletrobras System |
58.29 |
261,740 |
Others |
46.97 |
38,822 |
VIII.4 Network Expansion – number of new connections
Company |
1Q16 |
Eletroacre |
406 |
Ceal |
10,301 |
Amazonas Energia |
11,328 |
Cepisa |
13,166 |
Ceron |
8,394 |
Boa Vista Energia |
909 |
VIII.5 Fuel used to produce electric energy
Company |
Type (Unit) |
1Q16 | |
Amount |
R$ Million | ||
Eletroacre |
Diesel Oil (L) |
n/a |
n/a |
Gas (m3) |
n/a |
n/a | |
Ceal |
Diesel Oil (L) |
n/a |
n/a |
Gas (m3) |
n/a |
n/a | |
Amazonas Energia |
Diesel Oil (L) |
117,843,801 |
392.20 |
Gas (m3) |
n/a |
n/a | |
Cepisa |
Diesel Oil (L) |
n/a |
n/a |
Gas (m3) |
n/a |
n/a | |
Ceron |
Diesel Oil (L) |
0 |
0 |
Gas (m3) |
0 |
0 | |
Boa Vista Energia |
Diesel Oil (L) |
0 |
0 |
Gas (m3) |
0 |
0 |
VIII.6 Quality Indicators and Operational Performance
Company |
DEC/ Stoppage Duration – hours |
FEC Stoppage Frequency |
TMA – Average Time of Assistence – minutes |
Losses (%) | |
Technical |
Commercial | ||||
Eletroacre |
16.20 |
10.63 |
633.38 |
9.85 |
14.44 |
Ceal |
7.24 |
4.87 |
254.07 |
10.34 |
15.35 |
Amazonas Energia |
12.05 |
7.77 |
274.79 |
7.77 |
33.80 |
Cepisa |
9.14 |
5.49 |
445.21 |
12.17 |
18.75 |
Ceron |
8.17 |
5.81 |
297.30 |
11.15 |
16.70 |
Boa Vista Energia |
10.88 |
7.01 |
117.00 |
7.04 |
5.57 |
VIII.7 Default
Class |
Eletroacre |
Ceal |
Amazonas |
Cepisa |
Ceron |
Boa Vista Energia |
Total |
Public Utilities |
- |
41.98 |
31.67 |
100.01 |
12.77 |
7.33 |
193.76 |
Industrial |
4.05 |
19.04 |
35.80 |
12.05 |
12.16 |
0.57 |
83.67 |
Residential |
25.24 |
95.95 |
138.24 |
138.90 |
67.18 |
8.38 |
473.87 |
Commercial, services and others activities |
8.52 |
35.25 |
146.67 |
42.18 |
22.01 |
2.30 |
256.93 |
Others |
48.06 |
44.02 |
- |
35.82 |
45.82 |
10.54 |
184.26 |
Total |
85.86 |
236.24 |
352.38 |
328.97 |
159.93 |
29.12 |
1,192.50 |
IX.Employees - Effective Headcount
IX.1 By Department
Company |
Administrative |
Operational |
Eletronorte |
999 |
2,018 |
Chesf |
1,494 |
3,037 |
Furnas |
1,137 |
2,552 |
Eletronuclear |
497 |
1,438 |
Eletrosul |
529 |
778 |
CGTEE |
110 |
490 |
Amazonas GT |
99 |
365 |
Itaipu Binacional |
976 |
372 |
Eletroacre |
157 |
100 |
Ceal |
316 |
778 |
Amazonas Energia |
480 |
1,253 |
Cepisa |
220 |
1,059 |
Ceron |
176 |
542 |
Boa Vista Energia |
139 |
147 |
Eletropar |
4 |
- |
Total |
7,333 |
14,929 |
IX.2 Complementary Work-force
Eletrobras Companies |
1Q16 |
Eletronorte |
344 |
Chesf |
n/a |
Furnas |
1,083 |
Eletronuclear |
n/a |
Eletrosul |
n/a |
CGTEE |
463 |
Amazonas GT |
n/a |
Itaipu Binacional |
n/a |
Eletroacre |
n/a |
Ceal |
n/a |
Amazonas Energia |
n/a |
Cepisa |
1,564 |
Ceron |
947 |
Boa Vista Energia |
192 |
Eletropar |
n/a |
Total |
4,593 |
X. Investments
X.1 Total Investment
Generation |
1Q16 |
2016 Budget |
Eletrobras |
- |
- |
Eletronorte |
0.99 |
41.00 |
Chesf |
2.48 |
104.50 |
Furnas |
7.15 |
51.61 |
Eletronuclear |
253.88 |
4,006.43 |
Eletrosul |
13.43 |
65.35 |
CGTEE |
1.26 |
30.58 |
Amazonas GT |
15.07 |
225.07 |
Itaipu Binacional |
- |
- |
Amazonas Energia |
- |
7.21 |
Generation - Maintenance |
1Q16 |
2016 Budget |
Eletrobras |
|
|
Eletronorte |
1.79 |
21.00 |
Chesf |
8.40 |
46.60 |
Furnas |
5.21 |
68.90 |
Eletronuclear |
7.01 |
213.21 |
Eletrosul |
0.40 |
11.79 |
CGTEE |
1.13 |
18.79 |
Amazonas GT |
0.02 |
26.80 |
Itaipu Binacional |
- |
- |
Amazonas Energia |
- |
4.50 |
Generation – Partnership Investments |
1Q16 |
2016 Budget |
Eletrobras |
255.00 |
250.64 |
Eletronorte |
364.16 |
286.81 |
Chesf |
266.18 |
789.21 |
Furnas |
217.88 |
306.75 |
Eletronuclear |
- |
- |
Eletrosul |
143.33 |
238.60 |
CGTEE |
- |
- |
Amazonas GT |
- |
- |
Itaipu Binacional |
- |
- |
Amazonas Energia |
- |
- |
Transmission |
1Q16 |
2016 Budget |
Eletrobras |
4.39 |
12.00 |
Eletronorte |
86.35 |
588.92 |
Chesf |
178.42 |
476.96 |
Furnas |
40.83 |
350.10 |
Eletrosul |
21.15 |
879.69 |
Amazonas GT |
0.60 |
22.20 |
Amazonas Energia |
- |
- |
Other Companies(*) |
0.48 |
19.78 |
(*) Includes the following companies: Cepel, Eletropar, Uirapuru, TSBE, TSLE, LVTE.
Transmission - Maintenance |
1Q16 |
2016 Budget |
Eletrobras |
|
|
Eletronorte |
5.24 |
55.00 |
Chesf |
29.27 |
99.16 |
Furnas |
33.58 |
300.63 |
Eletrosul |
0.80 |
7.51 |
Amazonas GT |
|
4.22 |
Amazonas Energia |
|
|
Other Companies(*) |
|
|
(*) Includes the following companies: Cepel, Eletropar, Uirapuru, TSBE, TSLE, LVTE.
Transmission – Partnership Investments |
1Q16 |
2016 Budget |
Eletrobras |
|
|
Eletronorte |
18.00 |
194.46 |
Chesf |
0.74 |
15.00 |
Furnas |
47.94 |
498.11 |
Eletrosul |
1.60 |
103.42 |
Amazonas GT |
|
|
Amazonas Energia |
|
|
Other Companies(*) |
|
|
(*) Includes the following companies: Cepel, Eletropar, Uirapuru, TSBE, TSLE, LVTE.
Distribution |
1Q16 |
2016 Budget |
Eletroacre |
2.50 |
59.41 |
Ceal |
13.44 |
169.91 |
Amazonas Energia |
19.10 |
551.82 |
Cepisa |
12.06 |
215.93 |
Ceron |
15.79 |
133.42 |
Boa Vista Energia |
4.84 |
29.81 |
Distribution - Maintenance |
1Q16 |
2016 Budget |
Eletroacre |
2.08 |
15.07 |
Ceal |
8.35 |
59.91 |
Amazonas Energia |
10.08 |
79.75 |
Cepisa |
6.59 |
56.49 |
Ceron |
8.44 |
44.19 |
Boa Vista Energia |
0.69 |
4.74 |
Others |
1Q16 |
2016 Budget |
Eletrobras |
0.06 |
37.80 |
Eletronorte |
3.39 |
49.40 |
Chesf |
12.30 |
105.53 |
Furnas |
14.78 |
142.12 |
Eletronuclear |
0.35 |
19.88 |
Eletrosul |
1.41 |
30.43 |
CGTEE |
0.29 |
35.97 |
Amazonas GT |
0.04 |
16.84 |
Itaipu Binacional |
- |
- |
Eletroace |
7.42 |
28.38 |
Ceal |
9.05 |
66.28 |
Amazonas Energia |
15.48 |
199.47 |
Cepisa |
2.43 |
137.47 |
Ceron |
7.32 |
86.20 |
Boa Vista Energia |
0.74 |
6.07 |
Other Companies(*) |
0.42 |
10.18 |
(*) Includes the following companies: Cepel, Eletropar, Uirapuru, TSBE, TSLE, LVTE.
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 1Q15 | ||||||||
Chesf |
WPP Casa Nova I |
BA |
800.00 |
661.42 |
180 |
61.4 |
Dec/16 (1) |
May/12 |
Jan/46 |
WPP Casa Nova II |
BA |
102.50 |
3.66 |
28 |
7.1 |
Dec/17 |
Aug/16 |
May/49 (2) | |
WPP Casa Nova III |
BA |
93.10 |
2.80 |
24 |
5.5 |
Dec/17 |
Aug/16 |
May/49 (2) | |
Furnas |
SHU Anta |
RJ/MG |
2,296.6 |
2,479.98 |
28 |
15.9 |
GU1 and GU2: See (4) |
Mar/07 |
Aug/41 |
Eletronuclear |
Angra 3 |
RJ - Angra dos Reis |
20,579 (5) |
8,064 (6) |
1,405 |
1,214.2 |
Jan/21 |
Jul/08 |
Dec/60 (7) |
Eletrosul |
SHU Santo Cristo (8) |
SC |
227.47 |
19.27 |
19.5 |
11.04 |
- |
- |
Jun/42 |
SHU Coxilha Rica (9) |
SC |
- |
10.08 |
18 |
10.1 |
- |
- |
Jun/42 | |
Amazonas Energia |
TPU Mauá 3 |
Amazonas |
1,183.28 |
12.93 |
379.1 |
590.75 |
- |
- |
- |
(1) Dec/16: beginning of operation of 36 aerial generators; and Dec/17: full operation (120 aerial generators)
(2 According to the MME Ordinance No. 220 of 05.26.2014 and MME Ordinance No. 225 of 28.05.2014.
(3) Includes Simplicio, which is already in operation.
(4) The dates for the commercial operation of UG1 and UG2 Anta HPP are under review as correspondance.056.2015 of November 10 2015, sent to Aneel. It is worth mentioning that the contract supplier consortium was terminated. Thus, a new bidding process will be held.
(5) Includes direct costs of R$ 17,341 million approved in RDE 11,574.012/16 01.26.2016, approving the new entrance date. With the indirect costs, R$ 20,579 million
(6) Includes direct costs and estimated indirect.
(7) No operating license for Angra 3. It is considered 40 years from 1.1.2021 by analogy with Angra 2.
(8) Installation License phase. Home of the planned operation for 22 months after issuance of the Installation License
(9) 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 |
Installed Capacity(MW) |
Physical Assurance (MW) |
Beginning of Operation |
Beginning of Construction |
End of Concession |
Investiment (R$ Million) |
Working Schedule (%) |
Partners | |
Total |
Up to 1Q16 | |||||||||||
Norte Energia S.A. |
HPU Belo Monte |
Eletronorte (19.98%) |
PA |
11,233.1 |
4,571.00 |
Apr/16 |
Aug/11 |
Aug/45 |
Final 33,785.44 |
28,870.95 |
84.89 |
Eletrobras Holding (15.00%) |
Cia. Energética Sinop S.A. |
HPU Sinop |
Eletronorte (24.5%) |
MT |
400 |
239.8 |
Jan/18 |
Dec/13 |
Dec/47 |
1,804.80 |
885.32 |
62.5 |
Chesf (24.5%) |
ESBR Participações S.A. (1) |
HPU Jirau |
Chesf (20%) |
RO |
3,750 |
2,205.10 |
Sep/13 |
Dec/09 |
Aug/43 |
19,385.00 |
18,828.53 |
97.00 |
Suez Energy (40%) |
Caititú 2 Energia S.A. |
WPP Caititú 2 |
Chesf (99.96%) |
BA |
14 |
5.1 |
May/17 |
May/15 |
Apr/49 |
57.20 |
44.50 |
64.4 |
Sequóia (0.04%) |
Caititú 3 Energia S.A. |
WPP Caititú 3 |
Chesf (99.96%) |
BA |
14 |
4.7 |
May/17 |
May/15 |
Apr/49 |
57.75 |
44.00 |
64.8 |
Sequóia (0.04%) |
Teiú 2 Energia S.A. |
WPP Teiú 2 |
Chesf (99.95%) |
BA |
14 |
4.2 |
Feb/17 |
May/15 |
Apr/49 |
48.41 |
35.19 |
63.2 |
Sequoia (0.05%) |
Arapapá Energia S.A. |
WPP Arapapá |
Chesf (99.9%) |
BA |
10 |
2.2 |
Jan/17 |
May/15 |
Apr/49 |
28.58 |
18.77 |
53 |
Sequóia (0.1%) |
Carcará Energia S.A. |
WPP Carcará |
Chesf (99.96%) |
BA |
10 |
4.6 |
Mar/17 |
May/15 |
Apr/49 |
60.64 |
50.33 |
74.6 |
Sequóia (0.04%) |
Corrupião 3 Energia S.A. |
WPP Corrupião 3 |
Chesf (99.96%) |
BA |
14 |
4.2 |
Apr/17 |
May/15 |
Apr/49 |
58.39 |
48.37 |
68.9 |
Sequóia (0.04%) |
Acauã Energia S.A. |
WPP Acauã |
Chesf (99.93%) |
BA |
12 |
3.1 |
Oct/16 |
May/15 |
Apr/49 |
37.40 |
33.18 |
79.7 |
Sequóia (0.00668%) |
Angical 2 Energia S.A. |
WPP Angical 2 |
Chesf (99.96%) |
BA |
14 |
5.1 |
Dec/16 |
May/15 |
Apr/49 |
55.87 |
48.68 |
77.4 |
Sequóia (0.04%) |
Coqueirinho 2 Energia S.A. |
WPP Coqueirinho 2 |
Chesf (99.98%) |
BA |
20 |
8.5 |
Oct/16 |
May/15 |
Jun/49 |
100.15 |
92.10 |
80.4 |
Sequóia (0.0238%) |
Papagaio Energia S.A. |
WPP Papagaio |
Chesf (99.96%) |
BA |
18 |
4.9 |
Nov/16 |
May/15 |
Jun/49 |
62.64 |
50.90 |
66.6 |
Sequóia (0.04%) |
Tamanduá Mirim 2 Energia S.A. |
WPP Tamanduá Mirim 2 |
Chesf (83.01%) |
BA |
24 |
8 |
Nov/16 |
May/15 |
Jun/49 |
103.59 |
84.70 |
71.8 |
Sequóia (16.99%) |
Teles Pires Participações S.A. (2) |
HPU Teles Pires |
Furnas (24.5%) |
MT/PA |
1,091.88 |
363.3 |
Nov/15 |
Aug/11 |
Jun/46 |
4,507.20 |
434.31 |
100.00 |
Eletrosul(24.72%) |
Madeira Energia S.A. (2) |
HPU Santo Antônio |
Furnas (39%) |
RO |
856.3 |
206.2 |
Mar/12 |
Aug/08 |
Jun/43 |
20,743.00 |
4027.40 |
99.74 |
Odebrecth Energia(18.6%) |
Empresa de Energia São Manoel S.A. |
HPU São Manoel |
Furnas (33.33%) |
MT/PA |
700 |
421.7 |
From Jan/18 |
Aug/14 |
Apr/49 |
3,178.00 |
245.00 |
49.23 |
EDP – Energias do Brasil S.A.(33.33%) |
Central Geradora Eólica Famosa I S.A. |
Famosa I |
Furnas (49%) |
RN |
22.5 |
11.1 |
May/18 (3) |
Aug/16 (3) |
May/47 |
78.68 |
7.58 |
|
PF Participações (51.00%) |
Central Geradora Eólica Pau Brasil S.A. |
Pau Brasil |
Furnas (49%) |
CE |
15 |
7.7 |
May/18 (3) |
Aug/16 (3) |
Mar/47 |
78.68 |
5.05 |
|
PF Participações (51.00%) |
Central Geradora Eólica Rosada S.A. |
Rosada |
Furnas (49%) |
RN |
30 |
13.4 |
May/18 (3) |
Aug/16 (3) |
May/48 |
78.68 |
9.57 |
|
PF Participações (51.00%) |
Central Geradora Eólica São Paulo S.A. |
São Paulo |
Furnas (49%) |
CE |
17.5 |
8.1 |
May/18 (3) |
Aug/16 (3) |
Mar/47 |
78.68 |
5.59 |
|
PF Participações (51.00%) |
Energia dos Ventos V S.A. |
São Januário |
Furnas (99.99%) |
CE |
19.2 |
9 |
Jul/19 (3) |
Jan/17 (3) |
Jul/47 |
109.06 |
10.69 |
|
Alupar(0 %) |
Energia dos Ventos VI S.A. |
Nossa Senhora de Fátima |
Furnas (99.99%) |
CE |
28.8 |
12.8 |
Jul/19 (3) |
Jan/17 (3) |
Aug/47 |
109.06 |
10.69 |
|
Alupar(0 %) |
Energia dos Ventos VII S.A. |
Jandaia |
Furnas (99.99%) |
CE |
28.8 |
14.1 |
Jul/19 (3) |
Jan/17 (3) |
Aug/47 |
109.06 |
10.69 |
|
Alupar(0 %) |
Energia dos Ventos VIII S.A. |
São Clemente |
Furnas (99.99%) |
CE |
19.2 |
9.3 |
Jul/19 (3) |
Jan/17 (3) |
Jul/47 |
109.06 |
10.69 |
|
Alupar(0%) |
Energia dos Ventos IX S.A. |
Jandaia I |
Furnas (99.99%) |
CE |
19.2 |
9.9 |
Jul/19 (3) |
Jan/17 (3) |
Jul/47 |
109.06 |
10.69 |
|
Alupar(0 %) |
Bom Jesus Eólica S.A. |
Bom Jesus |
Furnas (49%) |
CE |
18 |
8.1 |
May/18 (3) |
Aug/16 (3) |
Apr/49 |
136.16 |
8.10 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Cachoeira Eólica S.A. |
Cachoeira |
Furnas (49%) |
CE |
12 |
5 |
May/18 (3) |
Aug/16 (3) |
Apr/49 |
136.16 |
8.10 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Pitimbu Eólica S.A. |
Pitimbu |
Furnas (49%) |
CE |
18 |
7.2 |
May/18 (3) |
Aug/16 (3) |
Mar/49 |
136.16 |
8.10 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
São Caetano Eólica S.A. |
São Caetano |
Furnas (49%) |
CE |
25.2 |
11 |
May/18 (3) |
Aug/16 (3) |
Apr/49 |
136.16 |
8.10 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
São Caetano I Eólica S.A. |
São Caetano I |
Furnas (49%) |
CE |
18 |
7.7 |
May/18 (3) |
Aug/16 (3) |
Apr/49 |
136.16 |
8.10 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
São Galvão Eólica S.A. |
São Galvão |
Furnas (49%) |
CE |
22 |
9.5 |
May/18 (3) |
Aug/16 (3) |
Mar/49 |
136.16 |
8.10 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Carnaúba I Eólica S.A. |
Carnaúba I |
Furnas (49%) |
RN |
22 |
9.4 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Carnaúba II Eólica S.A. |
Carnaúba II |
Furnas (49%) |
RN |
18 |
7.3 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Carnaúba III Eólica S.A. |
Carnaúba III |
Furnas (49%) |
RN |
16 |
7.5 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Carnaúba V Eólica S.A. |
Carnaúba V |
Furnas (49%) |
RN |
24 |
10.1 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Cervantes I Eólica S.A. |
Cervantes I |
Furnas (49%) |
RN |
16 |
7.1 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Cervantes II Eólica S.A. |
Cervantes II |
Furnas (49%) |
RN |
12 |
5.6 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Punaú I Eólica S.A. |
Punaú I |
Furnas (49%) |
RN |
24 |
11 |
May/18 (3) |
Aug/16 (3) |
Jul/49 |
142.02 |
7.83 |
|
Fundo de Investimento em Participações Caixa Milão (50.99%) |
Geradora Eólica Arara Azul S.A. |
Arara Azul |
Furnas (90%) |
RN |
27.5 |
10.7 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
88.58 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Bentevi S.A. |
Bentevi |
Furnas (90%) |
RN |
15 |
5.7 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
88.58 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Ouro Verde I S.A. |
Ouro Verde I |
Furnas (90%) |
RN |
27.5 |
10.7 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
88.58 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Ouro Verde II S.A. |
Ouro Verde II |
Furnas (90%) |
RN |
30 |
11.2 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
88.58 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Ouro Verde III S.A. |
Ouro Verde III |
Furnas (90%) |
RN |
25 |
9.4 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
88.58 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Ventos de Santa Rosa S.A. |
Santa Rosa |
Furnas (90%) |
CE |
20 |
8.4 |
Oct/18 (3) |
Jan/17 (3) |
Oct/49 |
91.20 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Ventos de Uirapuru S.A. |
Uirapuru |
Furnas (90%) |
CE |
28 |
12.6 |
Oct/18 (3) |
Jan/17 (3) |
Oct/49 |
91.20 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Geradora Eólica Ventos do Angelim S.A. |
Ventos de Angelim |
Furnas (90%) |
CE |
24 |
10.3 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
91.20 |
There is no spent amount |
|
Eólica Tecnologia Ltda (7.00%) |
Consórcio Serra do Mel |
Serra do Mel I |
Furnas (90%) |
RN |
28 |
13 |
Oct/18 (3) |
Jan/17 (3) |
Oct/49 |
135.29 |
There is no spent amount |
|
Eólica Tecnologia Ltda (9.99%) |
Consórcio Serra do Mel |
Serra do Mel II |
Furnas (90%) |
RN |
28 |
12.8 |
Oct/18 (3) |
Jan/17 (3) |
Oct/49 |
135.29 |
There is no spent amount |
|
Eólica Tecnologia Ltda (9.99%) |
Consórcio Serra do Mel |
Serra do Mel III |
Furnas (90%) |
RN |
28 |
12.5 |
Oct/18 (3) |
Jan/17 (3) |
Nov/49 |
135.29 |
There is no spent amount |
|
Eólica Tecnologia Ltda (9.99%) |
Geradora Eólica Itaguaçu da Bahia SPE S.A. |
Itaguaçu da Bahia |
Furnas (49%) |
BA |
28 |
14 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de Santa Luiza SPE S.A. |
Ventos de Santa Luiza |
Furnas (49%) |
BA |
28 |
14.2 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de Santa Madalena SPE S.A. |
Ventos de Santa Madalena |
Furnas (49%) |
BA |
28 |
14.7 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de Santa Marcella SPE S.A. |
Ventos de Santa Marcella |
Furnas (49%) |
BA |
28 |
13.6 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de Santa Vera SPE S.A. |
Ventos de Santa Vera |
Furnas (49%) |
BA |
28 |
15.2 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de Santo Antônio SPE S.A. |
Ventos de Santo Antônio |
Furnas (49%) |
BA |
28 |
16.1 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de São Bento SPE S.A. |
Ventos de São Bento |
Furnas (49%) |
BA |
28 |
14.4 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de São Cirilo SPE S.A. |
Ventos de São Cirilo |
Furnas (49%) |
BA |
28 |
14.7 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de São João SPE S.A. |
Ventos de São João |
Furnas (49%) |
BA |
28 |
15 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Geradora Eólica Ventos de São Rafael SPE S.A. |
Ventos de São Rafael |
Furnas (49%) |
BA |
28 |
13.8 |
Feb/19 (3) |
Jan/17 (3) |
Sep/49 |
144.93 |
6.96 |
|
Salus Fundo de Investimento em Participações (49.00%) |
Hermenegildo III (4) |
Wind Farms Verace 34 to 36 |
Eletrosul (99.99%) |
RS |
48.33 |
21 |
Dec/15 |
Aug/14 |
Jun/49 |
288.55 |
282.70 |
99.98 |
Renobrax – 0.01% |
(1) Operating with 3,150 MW.
(2) Installed capacity is still under implementation. Physical security is the additional value corresponding to the installed power still being implemented.
(3) According to Monitoring Report of generating wind parks in 09/2015, available at: http://www.aneel.gov.br/arquivos/pdf/EOL_Cronograma_Eventos_setembro_2015.pdf. However, some enterprises may suffer postponement of the date of start of construction due to problems that occurred with the supplier of wind turbines.
(4) In commercial operation: 46.54 MW
X.2.2 Transmission
X.2.2.1 Integral Responsability
X.2.2.1.1 Transmission Line
Eletrobras Companies |
From - To |
Total Investment (R$ Milhões) |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
Eletronorte |
Jorge Teixeira – Lechuga (AM) TL H |
27.06 |
30 |
230 |
Feb/14 |
Jul/40 |
Jorge Teixeira – Lechuga (AM) SS Lechuga (bid 02/12) |
47.62 |
30 |
230 |
Mar/15 (1) |
May/42 | |
Chesf |
Eunápolis-Teixeira Freitas II C1 |
30.09 |
145 |
230 |
Feb/17 |
Oct/38 |
Funil-Itapebi C3 |
41.07 |
223 |
230 |
Mar/17 |
Apr/37 | |
Eunápolis-Teixeira Freitas II C2 |
44.15 |
152 |
230 |
Feb/17 |
Aug/39 | |
Pau Ferro-Santa Rita II |
34.00 |
85 |
230 |
May/17 |
Aug/39 | |
Paraíso-Açu II |
59.48 |
123 |
230 |
Jan/17 |
Nov/40 | |
Açu II-Mossoró II |
69 |
230 |
Jan/17 |
Nov/40 | ||
Morro do Chapéu II-Irecê |
22.13 |
65 |
230 |
Sep/16 |
Oct/41 | |
Paraíso-Lagoa Nova II |
33.11 |
65 |
230 |
May/16 |
Oct/41 | |
Teresina II-Teresina III |
13.76 |
26 |
230 |
Jul/16 |
Dec/41 | |
Recife II-Suape II C2 |
61.12 |
44 |
230 |
Oct/17 |
Dec/41 | |
Camaçari IV-Sapeaçu |
84.29 |
105 |
230 |
Oct/17 |
Dec/41 | |
Sapeaçu-Sto.Antonio de Jesus C3 |
31 |
230 |
Jun/17 |
Dec/41 | ||
Jardim-N Sra do Socorro |
13.6 |
1.3 |
230 |
Aug/16 |
May/42 | |
Messias-Maceió II |
20 |
230 |
Aug/16 |
May/42 | ||
Camaçari IV-Pirajá |
47.07 |
45 |
230 |
Jun/17 |
May/42 | |
Pituaçú-Pirajá |
5 |
230 |
Jun/17 |
May/42 | ||
Mossoró II-Mossoró IV |
81.74 |
40 |
230 |
Aug/16 |
Jun/42 | |
Ceará Mirim II-Touros II |
56.17 |
230 |
Jun/16 |
Jun/42 | ||
Russas II-Banabuiu C2 |
110 |
230 |
Mar/17 |
Jun/42 | ||
Furnas |
TL Mascarenhas – Linhares and SS Linhares |
67.2 |
99 |
230 |
Jan/17 |
Jul/40 |
TL Xavantes – Pirineus (2) |
31.18 |
50 |
230 |
Aug/17 |
Dec/41 | |
Eletrosul |
Port. Jorge Lacerda A - Palhoça, na SS Garopaba |
9.89 |
5.4 |
138 |
(3) |
Dec/42 |
Port. TL Porto Primavera - Ivinhema, in SS Nova Andradina (Enersul) |
9.08 |
11 |
138 |
May/16 |
Dec/42 | |
Port. Blumenau - Palhoça, in SS Gaspar 2 |
8.43 |
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 line is completed and available for operation start from May / 14. However, the associated substations were energized in Mar / 15.
(2) The transmission line was energized in 25/03/2016, the detached form the circuit 1 (CELG), and still depends on the completion of the line inputs at substations associated with the project.
(3) 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 |
Chesf |
SS 230/69 kv Polo |
17.18 |
100 |
BA |
Apr/16 |
Oct/40 |
SS 230/69 kv Morro do Chapéu II |
24.33 |
150 |
BA |
Sep/16 |
Oct/41 | |
SS 230/69 kv Ibiapina |
51.22 |
200 |
CE |
Jun/16 |
Oct/41 | |
SS 230/69 kv Teresina III |
29.21 |
400 |
PI |
Jul/16 |
Dec/41 | |
SS 230/69 kv N.S. Socorro |
94.43 |
300 |
SE |
Aug/16 |
May/42 | |
SS 230/69 kv Maceió II |
94.43 |
400 |
AL |
Aug/16 |
May/42 | |
SS 230/138 kv Poções II |
94.43 |
200 |
BA |
Aug/16 |
May/42 | |
SS 230/69 kv Pirajá |
30.57 |
360 |
BA |
Nov/16 |
May/42 | |
SS 230/69 kv Mirueira II |
68.77 |
300 |
PE |
Apr/16 |
Jun/42 | |
SS 230/69 kv Jaboatão II |
68.77 |
300 |
PE |
Aug/16 |
Jun/42 | |
SS 230/69 kv Touros II |
46.18 |
150 |
RN |
Jun/16 |
Jun/42 | |
SS 230/69 kv Mossoró IV |
46.18 |
100 |
RN |
Aug/16 |
Dec/42 | |
SS 230/138 kV Teixeira de Freitas II |
17.91 |
100 |
BA |
Feb/17 |
Oct/38 | |
Eletrosul |
Garopaba – Implementation of 2 EL modules |
7.48 |
- |
SC |
(1) |
Dec/42 |
Gaspar - Implementation of 2 EL modules |
6.80 |
- |
SC |
Sep/16 |
Dec/42 | |
Biguaçu – Extension “G” – 230/138/13.8 KV |
14.17 |
150 |
SC |
Apr/16 |
Dec/42 | |
Biguaçu - Extension "J" |
37.58 |
672 |
SC |
Sep/16 |
Mar/35 | |
Biguaçu - Extension - Reactors 525 kV - 200 MVAr |
34.17 |
- |
SC |
Jun/17 |
Mar/35 | |
Canoinhas - Extension "G" |
5.31 |
50 |
SC |
Sep/16 |
Dec/42 | |
Desterro - Extension "A" |
11.27 |
150 |
SC |
Sep/16 |
Dec/42 | |
Joinville Norte - Extension "E" |
11.79 |
150 |
SC |
Sep/16 |
Dec/42 | |
Lageado Grande II - Imp. 2nd self transformer 230/138 kV and connections |
10.60 |
75 |
SC |
Nov/16 |
Oct/40 | |
Nova Andradina (Enersul) - Implementation of 2 EL modules 138 Kv |
4.84 |
- |
MS |
May/16 |
Dec/42 | |
Canoinhas - Extension "F" |
7.92 |
150 |
SC |
Jan/18 |
Dec/42 | |
Santo Ângelo - Extension "G" |
49.02 |
672 |
RS |
Feb/16 |
Dec/42 | |
Tapera - Extension "C" - 50 MVAr |
8.15 |
- |
RS |
Jan/18 |
Dec/42 | |
Capivari do Sul 525/230/138 kV |
165.90 |
1544 |
RS |
Mar/18 |
Mar/45 | |
Viamão 3 (Extension) 230 kV |
7.20 |
- |
RS |
Mar/18 |
Mar/45 | |
Gravataí 3 (Extension) 525 kV |
21.48 |
- |
RS |
Mar/18 |
Mar/45 | |
Guaíba 3 525/230 kV |
210.72 |
1344 |
RS |
Mar/18 |
Mar/45 | |
Guaíba 2 (Extension) 230 kV |
11.66 |
- |
RS |
Mar/18 |
Mar/45 | |
Sta Vitória do Palmar (Extension) 525 kV |
16.04 |
- |
RS |
Mar/18 |
Mar/45 | |
Marmeleiro (Extension) 525 kV |
46.23 |
- |
RS |
Mar/18 |
Mar/45 | |
Povo Novo (Extension) 525 kV |
43.51 |
- |
RS |
Mar/18 |
Mar/45 | |
Nova Santa Rita (Extension) 525 kV |
8.49 |
- |
RS |
Mar/18 |
Mar/45 | |
Candiota 2 525/230 kV |
99.57 |
1344 |
RS |
Mar/18 |
Mar/45 | |
Livramento 3 – synchrono compensator 230 kV |
109.33 |
- |
RS |
Mar/18 |
Mar/45 | |
Maçambará 3 230 kV |
39.34 |
- |
RS |
Mar/18 |
Mar/45 | |
Alegrete 2 (Extension) 230 kV |
7.49 |
- |
RS |
Mar/18 |
Mar/45 | |
Santa Maria 3 (Extension) 230 kV |
9.18 |
- |
RS |
Mar/18 |
Mar/45 | |
Cerro Chato (Extension) 230 kV |
4.30 |
- |
RS |
Mar/18 |
Mar/45 | |
Porto Alegre 1 (Extension, GIS) 230/69 kV |
56.38 |
249 |
RS |
Mar/18 |
Mar/45 | |
Porto Alegre 8 (Extension) 230 kV |
7.99 |
- |
RS |
Mar/18 |
Mar/45 | |
Porto Alegre 12 (Extension , GIS) 230 kV |
8.00 |
- |
RS |
Mar/18 |
Mar/45 | |
Osório 3 230 kV |
22.83 |
- |
RS |
Mar/18 |
Mar/45 | |
Gravataí 3 (Extension) 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 substation deployment Celesc distribution company.
X.2.2.2 Special Proposed Company
X.2.2.2.1 Transmission Lines
SPE |
From - To |
Eletrobras Companies (%) |
Investiment (R$ Million) |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession | |
Total (1) |
Up to 1Q16 | |||||||
Linha Verde Transmissora de Energia S.A. |
Porto Velho (RO) – Samuel (RO) – Ariquemes (RO) - Ji-Paraná (RO) - Pimenta Bueno (RO) – Vilhena (RO) – Jauru (MT) |
Eletronorte (100%) |
923.11 |
865.89 |
985.74 |
230 |
Mar/16 |
Nov/39 |
Transnorte Energia S.A. |
Eng. Lechuga (AM) - Equador (RR) and Equador (RR) - Boa Vista (RR), double circuit and SS Equador (RR) Boa Vista (RR) |
Eletronorte (49%) |
1,226.21 |
266.31 |
715 |
500 |
TL: Dec/16 |
Jan/42 |
Belo Monte Transmissora de Energia S.A. |
Converter Station CA/CC, ±800 kV, 4,000 MW, with SS 500 kV Xingu; |
Eletronorte (24.5%) |
5,578.00 |
1,284.00 |
2092 |
±800 |
Feb/18 |
Jun/44 |
TDG Transmissora Delmiro Gouveia S.A. |
TL São Luiz II/ São Luiz III |
Chesf (49%) |
425.00 |
381.00 |
156 |
230 |
Dec/16 |
Jul/40 |
Transenergia Goiás S.A. |
Serra da Mesa – Niquelândia; |
Furnas (99%) |
130.00 |
6.89 |
100; |
230 |
May/16 |
Nov/39 |
Triângulo Mineiro Transmissora S.A. |
Marimbondo II - Assis |
Furnas (49%) |
324.84 |
155.93 |
296.5 |
500 |
Oct/16 |
Aug/43 |
Paranaíba Transmissora de Energia S.A. |
Barreiras II - Rio das Éguas; |
Furnas (24.5%) |
1,061.00 |
477.45 |
244; |
500 |
Jun/16 |
May/43 |
Lago Azul Transmissora S.A. |
Barro Alto - Itapaci |
Furnas (49.9%) |
32.63 |
3.59 |
69 |
230 |
Nov/16 |
May/44 |
Mata de Santa Genebra Transmissora S.A. |
Itatiba – Bateias; |
Furnas (49.9%) |
1,843.8 (2) |
97.72 |
399; |
500 |
May/17 |
May/44 |
Vale do São Bartolomeu Transmissora de Energia S.A. |
Luziânia - Brasília Leste; |
Furnas (39%) |
293.30 |
64.71 |
67; |
500 |
Sep/16 |
Oct/43 |
Belo Monte Transmissora de Energia S.A. |
Xingu – Estreito |
Furnas (24.5%) |
4,501.00 (2) |
96.04 |
2,092 |
800 |
Feb/18 |
Jun/44 |
Fronteira Oeste Transmissora de Energia S.A. |
Santo Ângelo/Maçambará |
Eletrosul (51%) |
112.56 |
17.38 |
199 |
230 |
Aug/17 |
Jan/44 |
Paraíso Transmissora de Energia S.A. |
Paraíso 2-Chapadão; |
Eletrosul (24.5%) |
133.97 |
4.81 |
65 |
230 |
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 March/14.
X.2.2.2.2 Substations
SPE |
SS |
Eletrobras Companies (%) |
Total Investment (R$ Milhões) |
Transformation Capacity (MVA) |
Location (Estado) |
Beginning of Operation |
End of Concession |
Mata de Santa Genebra Transmissora S.A. |
SS Santa Bárbara D’Oeste 440 kV, Static Compensator (-300,+300) Mvar; |
Furnas (49.9%) |
1,843.8 |
- |
SP |
Nov/16 |
May/44 |
SS 500/440 kV Fernão Dias 1,200 MVA – 1st bench |
1,200 |
SP |
Nov/16 | ||||
SS 500/440 kV Fernão Dias 2,400 MVA |
2,400 |
SP |
Feb/18 | ||||
Vale do São Bartolomeu Transmissora de Energia S.A. |
SS Brasília Leste |
Furnas (39%) |
269.65 |
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%) |
2,162 |
4,000 |
Xingu (PA); |
Feb/18 |
Jun/44 |
Converter Station CA/CC, ±800 kV, 3,850 MW, with SS 500 kV Estreito |
3,850 | ||||||
Triângulo Mineiro Transmissora S.A. |
SS Marimbondo II |
Furnas (49%) |
0 |
(1) |
MG |
Mar/16 |
Aug/43 |
SS Assis |
(2) |
SP |
Mar/16 |
Aug/43 | |||
Fronteira Oeste Transmissora de Energia S.A. (3) |
Pinhalzinho, in 230/138 kV (ATF1); |
Eletrosul (51%) |
82.44 |
|
RS |
|
Jan/44 |
Transmissora Sul Litorânea de Energia - TSLE |
Extension SS Povo Novo 525/230 kV |
Eletrosul (51%) |
42.64 |
672 |
RS |
Feb/17 |
Aug/42 |
Paraíso Transmissora de Energia S.A. |
Campo Grande 2 EL 230 PAR2; |
Eletrosul (24.5%) |
72.23 |
300 |
MS |
Mar/18 |
Mar/45 |
(1) 4-phase reactors of 45.3 each.
(2) 7 single-phase reactors of 45.3 each.
(3) E$xpansion of SEs Maçambara and San Angelo are scheduled for Dec/16.
(4) Completed in Nov / 2015 pending completion of sectioning extension planned for May/16.
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 (Estado) |
Installed Capacity (MW) |
Assured Energy |
Generated Energy MWh |
Beginning of Operation |
End of Concession |
1Q16 | ||||||||
EAPSA - Energia Águas Da Pedra S.A. |
HPU Dardanelos |
Eletronorte (24.5%) |
MT |
261.0 |
154.9 |
319,240 |
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%) |
RN |
68.5 |
22.8 |
26 |
May/14 (1) |
Aug/45 |
Brasventos Eolo Geradora de Energia S.A. |
Wind Farm Rei dos Ventos 1 |
Eletronorte (24.5%) |
RN |
58.5 |
21.9 |
29 |
May/14 (1) |
Dec/45 |
Rei dos Ventos 3 Geradora de Energia S.A. |
Wind Farm Rei dos Ventos 3 |
Eletronorte (24.5%) |
RN |
60.1 |
21.1 |
29 |
May/14 (1) |
Dec/45 |
ESBR Participações S.A. |
HPU Jirau (2) |
Chesf (20%) |
RO |
3,750.0 |
2,205.1 |
3,523,761 |
Sep/13 |
Aug/43 |
Pedra Branca S.A. |
Pedra Branca |
Chesf (49%) |
BA |
30.0 |
12.2 |
26,718 |
Mar/13 |
Feb/46 |
São Pedro do Lago S.A. |
São Pedro do Lago |
Chesf (49%) |
BA |
30.0 |
13.5 |
28,908 |
Mar/13 |
Feb/46 |
Sete Gameleiras S.A. |
Sete Gameleiras |
Chesf (49%) |
BA |
30.0 |
12.6 |
27,375 |
Mar/13 |
Feb/46 |
Baraúnas I Energética S.A. |
WPP Baraúnas I |
Chesf (49%) |
BA |
32.9 |
12.4 |
17,312 |
Oct/15 |
Apr/49 |
Mussambê Energética S.A. |
WPP Mussambê |
Chesf (49%) |
BA |
32.9 |
12.0 |
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 |
Oct/15 |
Apr/49 |
Banda de Couro Energética S.A. |
WPP Banda de Couro |
Chesf (49%) |
PI |
29.7 |
12.9 |
5,360 |
Aug/15 |
Aug/35 |
Baraúnas II Energética S.A. |
WPP Baraunas II |
Chesf (49%) |
PI |
21.6 |
7.8 |
4,540 |
Jul/15 |
Aug/35 |
V. de Santa Joana IX Energia Renováveis S.A. (3) |
Santa Joana IX |
Chesf (49%) |
PI |
29.6 |
14.8 |
15,004 |
Aug/15 |
Aug/35 |
V. de Santa Joana X Energia Renováveis S.A. (3) |
Santa Joana X |
Chesf (49%) |
PI |
29.6 |
15.5 |
16,105 |
Jul/15 |
Aug/35 |
V. de Santa Joana XI Energia Renováveis S.A. (3) |
Santa Joana XI |
Chesf (49%) |
PI |
29.6 |
16.0 |
16,632 |
Jul/15 |
Aug/35 |
V. de Santa Joana XII Energia Renováveis S.A. (3) |
Santa Joana XII |
Chesf (49%) |
PI |
28.9 |
17.4 |
22,752 |
Jul/15 |
Aug/35 |
V. de Santa Joana XIII Energia Renováveis S.A. (3) |
Santa Joana XIII |
Chesf (49%) |
PI |
29.6 |
16.2 |
17,242 |
Jul/15 |
Aug/35 |
V. de Santa Joana XV Energia Renováveis S.A. (3) |
Santa Joana XV |
Chesf (49%) |
PI |
28.9 |
17.3 |
21,221 |
Jul/15 |
Aug/35 |
V. de Santa Joana XVI Energia Renováveis S.A. (3) |
Santa Joana XVI |
Chesf (49%) |
PI |
28.9 |
17.8 |
20,567 |
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 |
Jan/16 |
Dec/35 |
V. de Santa Joana III Energia Renováveis S.A. (6) |
WPP Santa Joana III |
Chesf (49%) |
PI |
29.6 |
14.3 |
25,084 |
Mar/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 |
Jan/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 |
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 |
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 |
Feb/16 |
Dec/35 |
U.E.E. Caiçara I S.A. (4) |
WPP Caiçara I |
Chesf (49%) |
RN |
27.0 |
14.6 |
21,689 |
Nov/15 |
Jun/47 |
U.E.E. Caiçara II S.A. (4) |
WPP Caiçara II |
Chesf (49%) |
RN |
18.0 |
9.6 |
14,534 |
Nov/15 |
Jul/47 |
U.E.E. Junco I S.A. (4) |
WPP Junco I |
Chesf (49%) |
RN |
24.0 |
13.1 |
18,211 |
Nov/15 |
Jul/47 |
U.E.E. Junco II S.A (4) |
WPP Junco II |
Chesf (49%) |
RN |
24.0 |
13.3 |
18,409 |
Nov/15 |
Jul/47 |
Eólica Serra das Vacas I S.A. (5) |
Serra das Vacas I |
Chesf (49%) |
PE |
23.9 |
12.2 |
22,908 |
Dec/15 |
Jun/49 |
Eólica Serra das Vacas II S.A. (5) |
Serra das Vacas II |
Chesf (49%) |
PE |
22.3 |
9.9 |
17,359 |
Dec/15 |
Jun/49 |
Eólica Serra das Vacas III S.A. (5) |
Serra das Vacas III |
Chesf (49%) |
PE |
22.2 |
11.0 |
20,989 |
Dec/15 |
Jun/49 |
Eólica Serra das Vacas IV S.A. (5) |
Serra das Vacas IV |
Chesf (49%) |
PE |
22.3 |
10.5 |
20,290 |
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 |
- |
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 |
- |
Oct/10 |
Nov/36 |
Serra do Facão Energia S.A. |
HPU Serra do Facão |
Furnas (49.47%) |
GO |
212.6 |
182.4 |
- |
Jul/10 |
Nov/36 |
Madeira Energia S.A. |
HPU Santo Antônio (7) |
Furnas (39%) |
RO |
2,711.7 |
2,218.0 |
3,468,985 |
Mar/12 |
Jun/43 |
Tijoá Participações e Investimentos S.A. |
HPU Três Irmãos (8) |
Furnas (49.9%) |
SP |
807.5 |
217.5 |
- |
Oct/14 |
Sep/44 |
Teles Pires Participações S.A. |
HPU Teles Pires (9) |
Furnas (24.5%) |
PA/MT |
727.9 |
567.4 |
- |
Nov/15 |
Jun/46 |
Eólica Livramento S.A. (10) |
Wind Farms Cerro Chato IV, V, VI, Ibirapuitã and Trindade |
Eletrosul (59%) |
RS |
79.2 |
30.1 |
16,219 |
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 |
Feb/15 |
Apr/47 |
Eólica –Chuí Holding S.A. |
Wind Farms Chuí I to V, and Minuano I e II |
Eletrosul (49%) |
RS |
144.0 |
59.9 |
93,512 |
May/15 |
Apr/47 |
Hermenegildo I S.A. |
Wind farms Verace 24 to 27 |
Eletrosul (99.99%) |
RS |
57.3 |
24.9 |
45,226 |
Nov/15 |
Jun/49 |
Hermenegildo II S.A. |
Wind farms Verace 28 to 31 |
Eletrosul (99.99%) |
RS |
57.3 |
25.3 |
40,525 |
Dec/15 |
Jun/49 |
Hermenegildo III S.A. (11) |
Wind farms Verace 34 to 36 |
Eletrosul (99.99%) |
RS |
48.3 |
21.0 |
27,811 |
Dec/15 |
Jun/49 |
Chuí IX S.A. |
Wind Farm Chuí 9 |
Eletrosul (99.99%) |
RS |
17.9 |
7.4 |
12,793 |
Oct/15 |
May/49 |
(1) Decision obtained through a writ of mandamus with an injunction.
(2) The first turbine began operating in Sep / 2013 with 75MW of installed capacity. In the first quarter 2016 the company totaled 42 machines in operation, resulting in an installed capacity of 3,150 MW in operation. Increased physical guarantee of UHE Jirau due to revision of the hydraulic loss, as MME Ordinance No. 337 of 10.11.2015.
(3) 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.
(4) The participation of SPEs U.E.E. Caiçara I S.A., U.E.E. Caiçara II S.A., U.E.E. Junco I S.A. and U.E.E. Junco II S.A. were merged into the company Vamcruz Participacoes S.A.
(5) The shares of the SPEs were merged into the company Serra das Vacas Holding S.A.
(6) holdings of SPEs V. Santa Joana I, III, IV, V, VII and Santo Augusto IV Renewable Energy SA were merged into the Chapada company Piaui II Holding S.A.
(7) 38 units (out of 50) in operation to the 1T16, totaling 2711.7 MW of a total power of 3,568 MW. Physical guarantee corresponds to GU in operation.
(8) Grant 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 11/01/2013, a period of 30 years from the effective date of its Concession Agreement, which was signed on 10.09.2014.
(9) 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.
(10) commercial operation 25.2 MW, corresponding to Ibirapuitã park. The Aneel Order 3373 of 02 October 2015, temporarily suspended the commercial operation of the other parks.
(11) commercial operation: 46.54 MW
XI.1.1.2 Energy Sold
SPE |
Eletrobras Companies (%) |
Buyer |
Sell Type |
1Q16 | |
R$ million |
MWh | ||||
EAPSA - Energia Águas Da Pedra S.A. |
Eletronorte (24.5%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
62.00 |
332,274 | |||
Amapari Energia S.A. |
Eletronorte (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Brasventos Miassaba 3 Geradora de Energia S.A |
Eletronorte (24.5%) |
Eletrobras System |
A |
6.60 |
43,401.00 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Brasventos Eolo Geradora de Energia S.A. |
Eletronorte (24.5%) |
Eletrobras System |
A |
6.30 |
28.92 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Rei dos Ventos 3 Geradora de Energia S.A. |
Eletronorte (24.5%) |
Eletrobras System |
A |
5.96 |
38,908.00 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
ESBR Participações S.A. |
Chesf (20%) |
Eletrobras System |
A |
70.57 |
597,062.80 |
B |
103.13 |
479,800.69 | |||
Others |
A |
354.19 |
2,957,788.06 | ||
B |
169.69 |
789,471.66 | |||
Pedra Branca S.A. |
Chesf (49%) |
Eletrobras System |
A |
2.76 |
15,078.18 |
B |
- |
- | |||
Others |
A |
2.13 |
11,639.81 | ||
B |
- |
- | |||
São Pedro do Lago S.A. |
Chesf (49%) |
Eletrobras System |
A |
2.98 |
16,314.09 |
B |
- |
- | |||
Others |
A |
2.30 |
12,594.23 | ||
B |
- |
- | |||
Sete Gameleiras S.A. |
Chesf (49%) |
Eletrobras System |
A |
2.82 |
15,448.95 |
B |
- |
- | |||
Others |
A |
2.18 |
11,926.05 | ||
B |
- |
- | |||
Baraúnas I Energética S.A. |
Chesf (49%) |
Eletrobras System |
A |
3.16 |
23,396.00 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Mussambê Energética S.A. |
Chesf (49%) |
Eletrobras System |
A |
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 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Banda de Couro Energética S.A. |
Chesf (49%) |
Eletrobras System |
A |
0.09 |
576.25 |
B |
- |
- | |||
Others |
A |
0.70 |
4,784.18 | ||
B |
- |
- | |||
Baraúnas II Energética S.A. |
Chesf (49%) |
Eletrobras System |
A |
0.07 |
488.10 |
B |
- |
- | |||
Others |
A |
0.59 |
4,052.38 | ||
B |
- |
- | |||
V. de Santa Joana IX Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.35 |
28,525.20 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana X Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.45 |
29,389.60 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana XI Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.58 |
30,470.10 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana XII Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.88 |
33,063.30 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana XIII Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.40 |
28,957.40 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana XV Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.81 |
32,415.00 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana XVI Energia Renováveis S.A |
Chesf (49%) |
Eletrobras System |
A |
3.88 |
33,063.30 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana I Energia Renováveis S.A. |
Chesf (49%) |
Eletrobras System |
A |
4.27 |
31,766.70 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana III Energia Renováveis S.A. |
Chesf (49%) |
Eletrobras System |
A |
3.89 |
28,957.40 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana IV Energia Renováveis S.A. |
Chesf (49%) |
Eletrobras System |
A |
4.12 |
30,686.20 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana V Energia Renováveis S.A. |
Chesf (49%) |
Eletrobras System |
A |
4.09 |
30,470.10 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santa Joana VII Energia Renováveis S.A. |
Chesf (49%) |
Eletrobras System |
A |
4.30 |
31,982.80 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
V. de Santo Augusto IV Energia Renováveis S.A. |
Chesf (49%) |
Eletrobras System |
A |
4.47 |
33,279.40 |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
U.E.E. Caiçara I S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
4.31 |
29,497.50 | ||
B |
0.53 |
2,238.23 | |||
U.E.E. Caiçara II S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
2.97 |
20,327.06 | ||
B |
0.10 |
437.96 | |||
U.E.E. Junco I S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
3.89 |
26,442.87 | ||
B |
0.32 |
1,350.96 | |||
U.E.E. Junco II S.A |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
3.65 |
24,911.19 | ||
B |
0.62 |
2,559.45 | |||
Eólica Serra das Vacas I S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
3.90 |
26,657.00 | ||
B |
- |
- | |||
Eólica Serra das Vacas II S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
3.16 |
21,631.50 | ||
B |
0.05 |
1,166.00 | |||
Eólica Serra das Vacas III S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
3.77 |
25,764.20 | ||
B |
0.02 |
563.00 | |||
Eólica Serra das Vacas IV S.A. |
Chesf (49%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
3.72 |
25,392.20 | ||
B |
0.04 |
971.00 | |||
Enerpeixe S.A. |
Furnas (40%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Baguari Geração de Energia S.A. |
Furnas (15%) |
Eletrobras System |
A |
- |
- |
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 |
- |
- | ||
B |
- |
- | |||
Serra do Facão Energia S.A. |
Furnas (49.47%) |
Eletrobras System |
A |
3.81 |
18,024.06 |
B |
- |
- | |||
Others |
A |
54.04 |
259,320.41 | ||
B |
27.30 |
124,827.00 | |||
Madeira Energia S.A. |
Furnas (39%) |
Eletrobras System |
A |
28.35 |
75,864.55 |
B |
- |
- | |||
Others |
A |
401.02 |
3,391,271.38 | ||
B |
279.70 |
1,365,312.40 | |||
Tijoá Participações e Investimentos S.A. |
Furnas (49.9%) |
Eletrobras System |
A |
n/d |
n/d |
B |
n/d |
n/d | |||
Others |
A |
n/d |
n/d | ||
B |
n/d |
n/d | |||
Teles Pires Participações S.A. |
Furnas (24.5%) |
Eletrobras System |
A |
- |
- |
B |
- |
- | |||
Others |
A |
- |
- | ||
B |
- |
- | |||
Eólica Livramento S.A. |
Eletrosul (59%) |
Eletrobras System |
A |
0.23 |
1,753.63 |
B |
- |
- | |||
Others |
A |
1.90 |
14,465.60 | ||
B |
- |
- | |||
Santa Vitória do Palmar S.A. |
Eletrosul (49%) |
Eletrobras System |
A |
2.52 |
18,948.76 |
B |
- |
- | |||
Others |
A |
20.78 |
156,307.61 | ||
B |
- |
- | |||
Eólica –Chuí Holding S.A. |
Eletrosul (49%) |
Eletrobras System |
A |
1.41 |
10,110.49 |
B |
- |
- | |||
Others |
A |
11.59 |
83,401.02 | ||
B |
- |
- | |||
Hermenegildo I S.A. |
Eletrosul (99.99%) |
Eletrobras System |
A |
- |
- |
B |
2.32 |
15,513.50 | |||
Others |
A |
6.32 |
42,389.00 | ||
B |
- |
- | |||
Hermenegildo II S.A. |
Eletrosul (99.99%) |
Eletrobras System |
A |
- |
- |
B |
2.53 |
16,824.50 | |||
Others |
A |
6.13 |
41,296.50 | ||
B |
- |
- | |||
Hermenegildo III S.A. |
Eletrosul (99.99%) |
Eletrobras System |
A |
- |
- |
B |
2.16 |
14,421.00 | |||
Others |
A |
5.06 |
34,086.00 | ||
B |
- |
- | |||
Chuí IX S.A. |
Eletrosul (99.99%) |
Eletrobras System |
A |
- |
- |
B |
0.75 |
5,025.50 | |||
Others |
A |
1.78 |
12,017.50 | ||
B |
- |
- | |||
Total |
|
|
1,677.47 |
11,399,752.22 |
A – Sale of electric energy in the regulated market - revenues from quotas.
B - Through contracts on the free market or bilateral contracts.
XI.1.1.3 Average Rate – R$/MWh
SPE |
Eletrobras Companies (%) |
1Q16 |
EAPSA - Energia Águas Da Pedra S.A. |
Eletronorte (24.5%) |
186.57 |
Amapari Energia S.A. |
Eletronorte (49%) |
0.00 |
Brasventos Miassaba 3 Geradora de Energia S.A |
Eletronorte (24.5%) |
152.07 |
Brasventos Eolo Geradora de Energia S.A. |
Eletronorte (24.5%) |
152.77 |
Rei dos Ventos 3 Geradora de Energia S.A. |
Eletronorte (24.5%) |
153.07 |
ESBR Participações S.A. |
Chesf (20%) |
144.60 |
Pedra Branca S.A. |
Chesf (49%) |
182.80 |
São Pedro do Lago S.A. |
Chesf (49%) |
182.80 |
Sete Gameleiras S.A. |
Chesf (49%) |
182.80 |
Baraúnas I Energética S.A. |
Chesf (49%) |
135.09 |
Mussambê Energética S.A. |
Chesf (49%) |
135.09 |
Morro Branco I Energética S.A. |
Chesf (49%) |
135.09 |
Banda de Couro Energética S.A. |
Chesf (49%) |
147.92 |
Baraúnas II Energética S.A. |
Chesf (49%) |
145.72 |
V. de Santa Joana IX Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana X Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana XI Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana XII Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana XIII Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana XV Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana XVI Energia Renováveis S.A. |
Chesf (49%) |
117.40 |
V. de Santa Joana I Energia Renováveis S.A. |
Chesf (49%) |
134.31 |
V. de Santa Joana III Energia Renováveis S.A. |
Chesf (49%) |
134.31 |
V. de Santa Joana IV Energia Renováveis S.A. |
Chesf (49%) |
134.31 |
V. de Santa Joana V Energia Renováveis S.A. |
Chesf (49%) |
134.31 |
V. de Santa Joana VII Energia Renováveis S.A. |
Chesf (49%) |
134.31 |
V. de Santo Augusto IV Energia Renováveis S.A. |
Chesf (49%) |
134.31 |
U.E.E. Caiçara I S.A. |
Chesf (49%) |
146.27 |
U.E.E. Caiçara II S.A. |
Chesf (49%) |
146.17 |
U.E.E. Junco I S.A. |
Chesf (49%) |
147.29 |
U.E.E. Junco II S.A |
Chesf (49%) |
146.55 |
Eólica Serra das Vacas I S.A. |
Chesf (49%) |
146.24 |
Eólica Serra das Vacas II S.A. |
Chesf (49%) |
151.57 |
Eólica Serra das Vacas III S.A. |
Chesf (49%) |
149.71 |
Eólica Serra das Vacas IV S.A. |
Chesf (49%) |
151.10 |
Enerpeixe S.A. |
Furnas (40%) |
0.00 |
Baguari Geração de Energia S.A. |
Furnas (15%) |
0.00 |
Retiro Baixo Energética S.A. |
Furnas (49%) |
195.28 |
Foz de Chapecó Energia S.A. |
Furnas (40%) |
224.49 |
Serra do Facão Energia S.A. |
Furnas (49.47%) |
211.74 |
Madeira Energia S.A. |
Furnas (39%) |
146.73 |
Tijoá Participações e Investimentos S.A. |
Furnas (49.9%) |
n/d |
Teles Pires Participações S.A. |
Furnas (24.5%) |
0.00 |
Eólica Livramento S.A. |
Eletrosul (59%) |
131.61 |
Santa Vitória do Palmar S.A. |
Eletrosul (49%) |
132.93 |
Eólica –Chuí Holding S.A. |
Eletrosul (49%) |
138.97 |
Hermenegildo I S.A. |
Eletrosul (99.99%) |
149.16 |
Hermenegildo II S.A. |
Eletrosul (99.99%) |
148.98 |
Hermenegildo III S.A. |
Eletrosul (99.99%) |
148.75 |
Chuí IX S.A. |
Eletrosul (99.99%) |
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%) |
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, in 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%) |
559 |
500 |
Mar/13 |
Oct/38 |
Norte Brasil Transmissora de Energia S.A. |
Porto Velho Collector (RO) - Araraquara (SPE) |
Eletronorte (49%) |
2,411.9 |
600 |
Nov/14 |
Feb/39 |
Sistema de Transmissão do Nordeste S.A. |
Teresina II/PI-Sobral III/CE; |
Chesf (49%) |
546 |
500 |
Jan/06 |
Feb/34 |
Interligação Elétrica do Madeira S.A. |
TL Porto Velho Collector/ Araraquara II, CS |
Chesf (24.5%) |
2,375 |
600 |
Aug/13 |
Feb/39 |
Interligação Elétrica Garanhuns S.A. |
L.Gonzaga/Garanhuns II; |
Chesf (49%) |
224 |
500 |
Nov/15 |
Dec/41 |
Extremoz Transmissora do Nordeste –ETN S.A. |
TL Ceará Mirim/João Câmara II |
Chesf (100%) |
64 |
500 |
Oct /14 |
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 – TPP Quirinópolis |
Furnas (49%) |
34.4 |
138 |
May/11 |
Jun/25 |
Transenergia Renovável S.A. |
Quirinópolis - TPP Boavista |
Furnas (49%) |
16.7 |
138 |
May/11 |
Jun/25 |
Transenergia Renovável S.A. |
Chapadão – Jataí |
Furnas (49%) |
131.5 |
230 |
Dec/12 |
Jun/25 |
Transenergia Renovável S.A. |
Jataí – Mineiros |
Furnas (49%) |
61.4 |
138 |
Dec/12 |
Jun/25 |
Transenergia Renovável S.A. |
Jataí - TPP Jataí |
Furnas (49%) |
51.2 |
138 |
Dec/12 |
Jun/25 |
Transenergia Renovável S.A. |
Jataí - TPP 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 - TPP Morro Vermelho |
Furnas (49%) |
31 |
138 |
Dec/12 |
Jun/25 |
Transenergia Renovável S.A. |
Morro Vermelho - TPP Alto Taquari |
Furnas (49%) |
30.2 |
138 |
Jun/13 |
Jun/25 |
Transenergia Renovável S.A. |
Palmeiras – Edéia |
Furnas (49%) |
57 |
230 |
May/13 |
Jun/25 |
Transenergia Renovável S.A. |
Edéia - TPP Tropical Bionenergia I |
Furnas (49%) |
48.7 |
138 |
mai/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 |
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 |
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. |
Curitia / 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 |
Eletronorte (49.71%) |
300 |
Sep/09 |
Mar/38 |
Manaus Transmissora de Energia S.A. |
SS Silves (ex-Itacoatiara) |
Eletronorte (30%) |
150 |
Mar/13 |
Oct/38 |
INTESA - Integração Transmissora de Energia S.A. |
SS Peixe 2 |
Eletronorte (37%) |
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 from 500 kV to +/- 600 kV; |
Chesf (24.5%) |
3,150 |
May/14 |
Feb/39 |
TDG – Transmissora Delmiro Gouveia S.A. |
SS – Pecém II, de 500/230 kV; |
Chesf (49%) |
3,600 |
Oct/13 |
Jul/40 |
Interligação Elétrica Garanhuns S.A. |
SS – Garanhuns, 500/230 kV |
Chesf (49%) |
600 |
Nov/15 |
Dec/41 |
Extremoz Transmissora do Nordeste - ETN S.A. |
SS – João Câmara II, 500/138 kV |
Chesf (100%) |
900 |
Oct/14 |
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) |
SS Extension Corumbá |
Furnas (49%) |
150 |
Jul/13 |
Jun/41 |
Baguari Energia S.A. |
SS Plant Baguari |
Furnas (15%) |
155.6 |
Aug/06 |
Aug/41 |
Chapecoense Geração S.A. |
SS Plant Foz do Chapecó |
Furnas (40%) |
978 |
Nov/01 |
Nov/36 |
Enerpeixe S.A. |
SS Plant Peixe Angical |
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 Plant Santo Antônio |
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 Plant Retiro Baixo |
Furnas (49%) |
100 |
Aug/06 |
Aug/41 |
Serra do Facão Energia S.A. |
SS Plant Serra do Facão |
Furnas (49.47%) |
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%) |
225 |
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 São Paulo S.A |
Itatiba |
Furnas (49%) |
800 |
Aug/12 |
Nov/39 |
Etau (2) |
Lagoa Vermelha 2 230/138KV |
Eletrosul (27.42%) |
150 |
Jul/05 |
Dec/32 |
Transmissora Sul Brasileira de Energia – TSBE |
SS Extension 525 KV Salto Santiago; SS Extension 525 kV Itá SS Extension 525/230kV; Nova Santa Rita; Camaquã 3 230/69Kv; SS Extension 230 kV Quinta |
Eletrosul (80%) |
- - - - |
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 Novo 525/230 kV; |
Eletrosul (51%) |
672 75 |
Dec/14 Dec/14 Dec/14 Apr/15 Nov/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) Lines and stations associated with TL Campos Novos - Santa Marta located at substations
(3) Commercial operation by sharing with Copel (TL Caiuá).
43
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS | ||
By: |
/S/ Armando Casado de Araujo
|
|
Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
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.