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) No. 353.001.861-33
Corporate Taxpayer (CNPJ/MF) ID 02.429.144/0001-93
Publicly Held Company
EXCERPT FROM THE MINUTES OF THE 309th MEETING OF THE BOARD OF DIRECTORS
HELD ON NOVEMBER 11, 2016
1. DATE, TIME AND VENUE: At 10:00 a.m. on November 11, 2016, the meeting was held via conference call, pursuant to Paragraph 7, Article 17 of the Bylaws of CPFL Energia S.A. (“CPFL Energia” or “Company”), located at Rua Gomes de Carvalho, nº 1510, 14º andar, conjunto 142, in the city and state of São Paulo.
2. CALL NOTICE: The meeting was called pursuant to paragraph 3, Article 17 of the Company’s Bylaws.
3. ATTENDANCE: All the members of the Board of Directors (“Board”).
4. PRESIDING: Mr. Murilo Cesar L. S. Passos, Chairman, who invited me, Gisélia Silva, to be the Secretary.
5. AGENDA: To consider and vote on bilateral agreements to be entered into between the subsidiaries Companhia Paulista de Força e Luz (“CPFL Paulista”), Companhia Piratininga de Força e Luz (“CPFL Piratininga”), Companhia Luz e Força Santa Cruz (“CPFL Santa Cruz”) and Rio Grande Energia S.A. (“RGE”), and Bolognesi Energia S.A. (“Bolognesi”) – Resolution 2016130-E of the Board of Executive Officers.
6. DECISION TAKEN BY UNANIMOUS VOTE: The directors decided that these minutes be drawn up in summary form, with the right to submit opinions and dissensions, which will be filed at the headquarters of the Company, and the publication of these minutes as an extract without the signatures of the directors.
After examining and discussing the matter in the Agenda, the Board recommended that the executives nominated by the Company in the management bodies of the subsidiaries CPFL Paulista, CPFL Piratininga, CPFL Santa Cruz and RGE vote for approving the execution of bilateral agreements with Bolognesi, pursuant to the terms and conditions set under ANEEL Normative Resolution 711/2016, related to Electricity Commercialization Contracts in the Regulated Contracting Environment (CCEARs) of the 20th New Energy Auction (A-5), held on November 28, 2014.
7. CLOSING: 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 the Secretary. Murilo Cesar L. S. Passos, Décio Bottechia Júnior, Ana Maria Elorrieta, Arnaldo José Vollet, Francisco Caprino Neto, José Florêncio Rodrigues Neto, Martin Roberto Glogowsky and Gisélia Silva.
This is a free English translation of the original minutes drawn up in the Book of Meetings of the Board of Directors no. 7, page 67.
Gisélia Silva
Secretary
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CPFL ENERGIA S.A. | ||
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By: |
/S/ GUSTAVO ESTRELLA
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Name: Title: |
Gustavo Estrella Chief Financial Officer and Head of Investor Relations |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.