Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
CPFL ENERGIA S.A.
Company Registry (NIRE): 35.300.186.133
Corporate Taxpayer ID (CNPJ/MF): 02.429.144/0001-93
Publicly-held Company
EXCERPT FROM THE MINUTES OF THE 320th MEETING OF THE
BOARD OF DIRECTORS HELD ON APRIL 28, 2017
1. DATE, TIME AND VENUE: At 1:30 p.m. on April 28, 2017, the meeting was held at the registered office of CPFL Energia S.A. (“CPFL Energia” or “Company”), located at Rua Gomes de Carvalho, nº 1510, 14º andar, conjunto 142, in the City of São Paulo, State of São Paulo.
2. CALL NOTICE: The meeting was called pursuant to Paragraph 2, Article 17 of the Bylaws of CPFL Energia S.A. ("CPFL Energia" or "Company").
3. ATTENDANCE: All the members of the Board of Directors (“Board”) and the Executive Vice Presidents.
4. PRESIDING BOARD: Mr. Yuhai Hu, Chairman, and Mrs. Gisélia Silva, Secretary.
5. MATTERS DISCUSSED AND RESOLUTIONS TAKEN BY UNANIMOUS VOTE:
The reading of the Agenda was waived as all those present were aware of its contents. The Directors decided to draw up these minutes in summary form, and approved its publication as an excerpt without the signatures of the directors.
After discussing and examining the items on the Agenda, the Directors unanimously decided as follows:
(i) Elected, pursuant to Paragraph 4, Article 15 of the Bylaws, Mr. Yuhai Hu and Mr. Daobiao Chen for the positions of Chairman and Vice-Chairman of the Board, respectively;
(ii) Took cognizance and discussed the themes examined by the Board’s Advisory Committees and Commissions in the month of April;
(iii) Took cognizance of the managerial highlights and material facts in April, reported by the Chief Executive Officer;
(iv) Appointed the members of the Board’s Advisory Committees and Commissions (“the Committees” and “the Commissions”);
(v) Approved the Short-Term Incentive Plan of the Company’s Board of Executive Officers for the fiscal year 2017 (“2017 ICP Plan”);
(vi) Approved pursuant to item (o) of Article 17 of CPFL Energia’s Bylaws, the Institute’s Annual Activity and Investment Plan for 2017;
(vii) Approved in accordance with the provisions of item (b) of Article 17 of the Company’s Bylaws, the proposal of the Board of Executive Officers for the Annual Budget for 2017 and 2018/2021 Multi-Year Projections of CPFL Energia and subsidiaries;
(viii) Recommended to its representatives (a) at the Extraordinary General Meeting of Campos Novos Energia S.A. (“Enercan”) the approval of the matters dealt with in Resolution 2017031-E of the Executive Board; (b) on the Board of Directors of CPFL Paulista the approval of the matters dealt with in Resolution 2017032-E of the Executive Board; (c) on the Board of Executive Officers of CPFL Comercialização Brasil S.A. (“CPFL Brasil”), for approval of the matters dealt with in Resolution 2017033-E of the Executive Board.
6. CLOSURE: There being no further business to discuss, the meeting was adjourned and these minutes were drawn up, read, approved and signed by the Directors and by the Secretary.
This is a free English translation of the original minutes drawn up in the Book of Meetings of the Board of Directors.
Gisélia Silva
Secretary
CPFL ENERGIA S.A. | ||
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By: |
/S/ GUSTAVO ESTRELLA
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Name: Title: |
Gustavo Estrella Chief Financial Officer and Head of Investor Relations |
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