SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

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

For the month of February, 2018

Commission File Number 1-34129


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



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



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

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

Form 20-F ___X___ Form 40-F _______

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

Yes _______ No___X____

 

CENTRAIS ELETRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 Companhia Aberta

Item  For  %  Against  %  Abstain  % 
 
To approve the sale of all shares, except 1 (one) common share, issued by             
Companhia de Eletricidade do Acre (hereinafter referred to as “Eletroacre”), owned by             
Eletrobras, in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. –             
B3, for the price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the             
granting of concession by the Granting Power for the term of 30 (thirty) years, under             
the terms of Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with             
the conditions established under the Resolution of the Investment Partnership             
Program Council - CPPI number 20, dated November 8, 2017, with the amendments             
1  34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
to the Resolutions of the Investment Partnership Program Council - CPPI number 28,             
dated November 22, 2017, and number 29, dated December 28, 2017, including the             
assumption by Eletrobras of debts of said Distribution Company and/or the conversion             
of the debts of said Distribution Company in capital increase by Eletrobras, at an             
amount up to BRL 113,779,871.99 (One Hundred and Thirteen Million, Seven             
Hundred and Seventy-Nine Thousand, Eight Hundred and Seventy-One Brazilian             
Reais and Ninety-Nine cents), in the period established by the 169th Extraordinary             
General Meeting, held on December 28, 2017;             
 
 
 
Item  For  %  Against  %  Abstain  % 
To approve, as long as item 1 disclosed above is not approved, the dissolution and             
2  28,830,927  37.70%  46,672,035  61.03%  967,800  1.27% 
liquidation of Eletroacre;             

 

 

Item  For  %  Against  %  Abstain  % 
 
To approve, since the sale referred to in Item 1 disclosed above is approved, that             
Eletrobras assumes the rights of Eletroacre, regarding the Fuel Consumption Account             
- CCC and the Energy Development Account - CDE, recognized in the Financial             
Statements of the Distribution Companies on the base date of the studies considering             
the adjustments up to June 30, 2017, amounting up to BRL 296,167 thousand (Two             
3 Hundred Ninety-Six Million, One Hundred and Sixty-Seven Thousand Brazilian Reais),   31,775,327  41.55%  43,682,635  57.12%  1,012,800  1.32% 
and Eletrobras shall, on the other hand, assume obligations in equivalent amounts, in             
accordance with conditions established in the Resolution of the Investment             
Partnership Program Council - CPPI number 20, dated November 08, 2017, amended             
by the Resolutions of the Investment Partnership Program Council - CPPI number 28,             
dated November 22, 2017, and number 29, dated December 28, 2017;             
 
 
Item  For  %  Against  %  Abstain  % 
 
To approve the sale of all shares, except 1 (one) common share, issued by Centrais             
Elétricas de Rondônia S.A (hereinafter referred to as “Ceron”), owned by Eletrobras,             
in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. – B3, for the             
price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the granting of             
concession by the Granting Power for the term of 30 (thirty) years, under the terms of             
Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with the conditions             
established under the Resolution of the Investment Partnership Program Council -             
CPPI number 20, dated November 8, 2017, with the amendments to the Resolutions             
4  34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
of the Investment Partnership Program Council - CPPI number 28, dated November             
22, 2017, and number 29, dated December 28, 2017, including the assumption by             
Eletrobras of debts of said Distribution Company and/or the conversion of the debts of             
said Distribution Company in capital increase by Eletrobras, at an amount up to BRL             
1,872,522,463.42 (One Billion, Eight Hundred and Seventy-Two Million, Five Hundred             
Twenty-Two Thousand, Four Hundred and Sixty-Three Brazilian Reais and Forty-Two             
cents), in the period established by the 169th Extraordinary General Meeting, held on             
December 28, 2017;             
 
 
 
Item  For  %  Against  %  Abstain  % 
To approve, as long as item 4 disclosed above is not approved, the dissolution and             
5  28,830,927  37.70%  46,672,035  61.03%  967,800  1.27% 
liquidation of Ceron;             

 

 

Item  For  %  Against  %  Abstain  % 
 
To approve, since the sale referred to in Item 4 disclosed above is approved, that             
Eletrobras assumes the rights of Ceron, regarding the Fuel Consumption Account -             
CCC and the Energy Development Account - CDE, recognized in the Financial             
Statements of the Distribution Companies on the base date of the studies considering             
the adjustments up to June 30, 2017, amounting up to BRL 3,847,293 thousand             
(Three Billion, Eight Hundred Forty-Seven Million, Two Hundred and Ninety-Three             
6  31,775,327  41.55%  43,682,635  57.12%  1,012,800  1.32% 
Thousand Brazilian Reais), and Eletrobras shall, on the other hand, assume             
obligations in equivalent amounts, in accordance with conditions established in the             
Resolution of the Investment Partnership Program Council - CPPI number 20, dated             
November 8, 2017, amended by the Resolutions of the Investment Partnership             
Program Council - CPPI number 28, dated November 22, 2017, and number 29,             
dated December 28, 2017;             
 
 
Item  For  %  Against  %  Abstain  % 
 
To approve the sale of all shares, except 1 (one) common share, issued by Boa Vista             
Energia S.A (hereinafter referred to as “Boa Vista Energia”), owned by Eletrobras, in a             
privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. – B3, for the price             
of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the granting of             
concession by the Granting Power for the term of 30 (thirty) years, under the terms of             
Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with the conditions             
established under the Resolution of the Investment Partnership Program Council -             
CPPI number 20, dated November 8, 2017, with the amendments to the Resolutions             
7  34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
of the Investment Partnership Program Council - CPPI number 28, dated November             
22, 2017, and number 29, dated December 28, 2017, including the assumption by             
Eletrobras of debts of said Distribution Company and/or the conversion of the debts of             
said Distributoion Company in capital increase by Eletrobras, at an amount up to BRL             
342,120,486.20 (Three Hundred and Forty-Two Million, One Hundred and Twenty             
Thousand, Four Hundred and Eighty-Six Brazilian Reais and Twenty cents), in the             
period established by the 169th Extraordinary General Meeting, held on December 28,             
2017;             
 
 
 
Item  For  %  Against  %  Abstain  % 
To approve, as long as item 7 disclosed above is not approved, the dissolution and             
8  28,830,927  37.70%  46,672,035  61.03%  967,800  1.27% 
liquidation of Boa Vista Energia;             

 

 

Item  For  %  Against  %  Abstain  % 
 
To approve, since the sale referred to in Item 7 disclosed above is approved, that             
Eletrobras assumes the rights of Boa Vista Energia, regarding the Fuel Consumption             
Account - CCC and the Energy Development Account - CDE, recognized in the             
Financial Statements of the Distribution Companies on the base date of the studies             
considering the adjustments up to June 30, 2017, amounting up to BRL 278,360             
thousand (Two Hundred and Seventy-Eight Million, Three Hundred and Sixty             
9  31,775,327  41.55%  43,682,635  57.12%  1,012,800  1.32% 
Thousand Brazilian Reais), and Eletrobras shall, on the other hand, assume             
obligations in equivalent amounts, in accordance with conditions established in the             
Resolution of the Investment Partnership Program Council - CPPI number 20, dated             
November 8, 2017, as amended by the Resolutions of the Investment Partnership             
Program Council - CPPI number 28, dated November 22, 2017, and number 29,             
dated December 28, 2017;             

 

 

  Item  For  %  Against  %  Abstain  % 
 
  To approve the sale of all shares, except 1 (one) common share, issued by Amazonas             
  Distribuidora de Energia S.A (hereinafter referred to as “Amazonas Energia”), owned             
  by Eletrobras, in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A.             
  – B3, for the price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to             
  the granting of concession by the Granting Power for the term of 30 (thirty) years,             
  under the terms of Paragraph 1-A of Article 8 of Law 12783/2013 and in accordance             
  with the conditions established in the Resolution of the Investment Partnership             
  Program Council - CPPI number 20, dated November 8, 2017, with the amendments             
  to the Resolutions of the Investment Partnership Program Council - CPPI number 28,             
  dated November 22, 2017, and number 29, dated December 28, 2017, including the             
  assumption by Eletrobras of debts of said Distribution Company and/or conversion of             
  debts of said Distribution Company in capital increase by Eletrobras, amounting up to             
  BRL 8,911,866,558.94 (Eight Billion, Nine Hundred and Eleven Million, Eight Hundred             
  Sixty-Six Thousand, Five Hundred and Fifty-Eight Brazilian Reais and Ninety-Four             
  cents), provided that: (i) the unbundling of generation and transmission activities from             
  the distribution activities of Amazonas Distribuidora de Energia S.A., with the transfer             
  of Amazonas Geração e Transmissão S.A. to Eletrobras, happens until March 2,             
10    34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
  2018, without any additional assumption of obligations by Eletrobras, in addition to             
  those set forth in the Resolution of the Investment Partnership Program Council -             
  CPPI number 20, dated November 8, 2017, as amended by the Resolutions of the             
  Investment Partnership Program Council - CPPI number 28, dated November 22,             
  2017, and number 29, dated December 28, 2017; (ii) Amazonas Energia, prior to the             
  assumption by Eletrobras of debts of said Distribution Company and/or conversion of             
  debts of said Distribution Company in the capital increase referred to in this item 10,             
  transfer the entirety of the shares issued by Amazonas Geração e Transmissão S.A. -             
  Amazonas GT for Eletrobras and/or third party, aiming at the partial settlement of its             
  debts and whose amount will be deducted from the adjustment amount of BRL             
  8,911,866,558.94 (Eight Billion, Nine Hundred and Eleven Million, Eight Hundred and             
  Sixty Six Thousand, Five Hundred and Fifty-Eight Brazilian Reais and Ninety-Four             
  cents); and (iii) that there is recognition by the regulatory agencies, the Granting             
  Power and/or by judicial means in a final decision, of the right to full reimbursement by             
  the Sectoral Funds CCC - Fossil Fuel Account and/or CDE - Economic Development             
  Account, "take or pay" and "ship or pay" costs established in the Gas Supply Contract             
  no. OC-1902/2006 and its amendments, according to Law no. 12111/2009.             

 

 

  Item  For  %  Against  %  Abstain  % 
  To approve, as long as item 10 disclosed above is not approved, the dissolution and           
11    28,830,927  37.70%  46,672,035  61.03%  967,800  1.27% 
  liquidation of Amazonas Energia;             
 
  Item  For  %  Against  %  Abstain  % 
 
  To approve, since the sale referred to in Item 10 disclosed above is approved, that           
  Eletrobras assumes the rights of Amazonas Energia, regarding the Fuel Consumption           
  Account - CCC and the Energy Development Account - CDE, recognized in the             
  Financial Statements of the Distribution Companies on the base date of the studies           
  considering the adjustments up to June 30, 2017, amounting up to BRL 4,055,549           
  thousand (Four Billion, Fifty-Five Million, Five Hundred and Forty-Nine Thousand           
12    31,775,327  41.55%  43,682,635  57.12%  1,012,800  1.32% 
  Brazilian Reais), and Eletrobras shall, on the other hand, assume obligations in             
  equivalent amounts, in accordance with conditions established in the Resolution of           
  the Investment Partnership Program Council - CPPI number 20, dated November 8,           
  2017, as amended by the Resolutions of the Investment Partnership Program Council -           
  CPPI number 28, dated November 22, 2017, and number 29, dated December 28,           
  2017;             
 
 
  Item  For  %  Against  %  Abstain  % 
 
  To approve the sale of all shares, except one (1) common share, issued by             
  Companhia Energética do Piauí (hereinafter referred to as “Cepisa”), owned by             
  Eletrobras, in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. –           
  B3, for the price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the           
  granting of concession by the Granting Power for the term of 30 (thirty) years, under           
  the terms of Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with           
  the conditions established under the Resolution of the Investment Partnership             
13    34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
  Program Council - CPPI number 20, dated November 8, 2017, with the amendments           
  to the Resolutions of the Investment Partnership Program Council- CPPI number 28,           
  dated November 22, 2017, and number 29, dated December 28, 2017, including the           
  assumption by Eletrobras of debts of said Distribution Company and/or the conversion           
  of the debts of said Distribution Company in capital increase by Eletrobras, at an           
  amount up to BRL 50,000.00 (Fifty Thousand Brazilian Reais), in the period             
  established by the 169th Extraordinary General Meeting, held on December 28, 2017;           

 

 

  Item  For  %  Against  %  Abstain  % 
  To approve, as long as item 13 disclosed above is not approved, the dissolution and             
14    28,830,927  37.70%  46,672,035  61.03%  967,800  1.27% 
  liquidation of Cepisa;             
 
  Item  For  %  Against  %  Abstain  % 
 
  Approving the sale of all shares, except 1 (one) common share, issued by Companhia             
  Energética de Alagoas (hereinafter referred to as “Ceal”), owned by Eletrobras, in a             
  privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. – B3, for the price             
  of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the granting of             
  concession by the Granting Power for the term of 30 (thirty) years, under the terms of             
  Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with the conditions             
  established under the Resolution of the Investment Partnership Program Council -             
  CPPI number 20, dated November 8, 2017, with the amendments to the Resolutions             
15    34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
  of the Investment Partnership Program Council - CPPI number 28, dated November             
  22, 2017, and number 29, dated December 28, 2017, including the assumption by             
  Eletrobras of debts of said Distribution Company and/or the conversion of the debts of             
  said Distribution Company in capital increase by Eletrobras, at an amount up to BRL             
  50,000.00 (Fifty Thousand Brazilian Reais), provided that there is execution and             
  judicial homologation connected to the payment of salary differences arising out of             
  Bresser Plan, in the period established by the 169th Extraordinary General Meeting,             
  held on December 28, 2017;             
 
 
 
  Item  For  %  Against  %  Abstain  % 
  To approve, as long as item 15 disclosed above is not approved, the dissolution and             
16    28,830,927  37.70%  46,672,035  61.03%  967,800  1.27% 
  liquidation of Ceal;             

 

 

  Item  For  %  Against  %  Abstain  % 
 
  To approve, according to Decree No. 1,091 of March 21, 1994, the free assignment,             
  by Eletrobras, of the preemptive right to subscribe new shares to be issued by the             
  distribution campanies, which transfers of controlling interest were approved under the             
  terms of Items 1, 4, 10, 13 and 15 disclosed above, under the scope of the capital             
  increase to be performed by the new controlling shareholder(s), winner(s) of the             
17    34,840,680  45.56%  40,662,282  53.17%  967,800  1.27% 
  Privatization Auctions, to employees and retirees of the respective distribution             
  companies, as provided for under the Resolution of the Investment Partnership             
  Program Council – CPPI number 20, dated November 8, 2017, as amended by the             
  Resolutions of the Investment Partnership Program Council - CPPI number 28, dated             
  November 22, 2017, and number 29, dated December 28, 2017;             
 
 
  Item  For  %  Against  %  Abstain  % 
 
  To delegate powers to the Eletrobras’ Board of Directors to resolve on the exercise of             
  Eletrobras' option to increase the interest, up to 30% (thirty percent), in the capital of             
  the Distribution Companies whose controlling interest’s transfers were approved,             
  under the terms of Items 1, 4, 7, 10, 13 and 15 disclosed above, within the term of up             
  to 6 (six) months, counted as of the date of execution of the respective controlling             
18    34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
  interest transfer agreement, as set forth in the Resolution of the Investment             
  Partnership Program Council - CPPI number 20, dated November 8, 2017, with the             
  amendments of the Resolutions of the Investment Partnership Program Council -             
  CPPI number 28, dated November 22, 2017, and number 29, dated December 28,             
  2017; and             
 
 
  Item  For  %  Against  %  Abstain  % 
 
  To approve the adoption of measures for liquidation and dissolution of the distribution             
  companies which transfers of controlling interests were not approved under the terms             
  of Items 1, 4, 7, 10, 13 and 15 disclosed above, in case of non-compliance with the             
19    34,796,780  45.50%  40,706,182  53.23%  967,800  1.27% 
  conditions set forth in items 10 and 15 disclosed above or the term established by the             
  169th Extraordinary General Meeting for the signing of the contract for the transfer of             
  the shareholding control held by Eletrobras in the distribution companies.             

 

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

Date: February 7, 2018
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:
/S/ Armando Casado de Araujo
 
Armando Casado de Araujo
Chief Financial and Investor Relation Officer
 
 

 

 
FORWARD-LOOKING STATEMENTS

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