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____
 |
INDEX
|
Introduction |
|
|
English Conference Call March 31st, 2015 2:00 p.m. (Brasília) 1:00 p.m. (US EST) 5:00 p.m. (UK)
Webcast in English http://webcast.conferenciacorp.com.br/view/131
Phone: (+1 786) 837 9597 (US) (+44) 20 3318 3776 (UK) Password: 9532
IR Contact: www.eletrobras.com /elb/ri Tel.: (+55) (21) 2514-6333 |
|
I – Analysis of the Results of the Consolidated Companies |
4 | ||
|
II – Analysis of the Results of the Parent Company |
14 | ||
|
III – Eletrobras Information |
17 | ||
|
IV –Attachment: Subsidiary Companies Information |
32 | ||
|
IV.1 - Generation and Transmission Companies |
33 | ||
|
Itaipu |
34 | ||
|
Furnas |
42 | ||
|
Chesf |
74 | ||
|
Eletronorte |
105 | ||
|
Eletronuclear |
125 | ||
|
Eletrosul |
133 | ||
|
CGTEE |
157 | ||
|
IV.2 Distribution Companies |
167 | ||
|
Amazonas Energia |
168 | ||
|
CELG D |
184 | ||
|
Distribuição Acre |
192 | ||
|
Distribuição Alagoas |
201 | ||
|
Distribuição Piauí |
210 | ||
|
Distribuição Rondônia |
219 | ||
|
Distribuição Roraima |
228 | ||
|
IV.3 Participation Company |
237 | ||
|
Eletropar |
237 | ||
|
|
|
 |
 |
1.Generation and Transmission Companies
|
Company |
Net Operating Revenue |
Service Result |
Income/Loss of the Period |
EBITDA (R$ million) |
Margin EBITDA | |||||
|
2014 |
2013 |
2014 |
2013 |
2014 |
2013 |
2014 |
2013 |
2014 |
2013 | |
|
Furnas |
6.316 |
4.298 |
1.345 |
-130 |
-406 |
-654 |
680 |
207 |
10.8 |
4.8 |
|
Chesf |
3.563 |
4.098 |
179 |
-1.210 |
-1.118 |
-466 |
116 |
-1.040 |
3.2 |
-25.4 |
|
Eletronorte |
6.046 |
4.856 |
879 |
1.735 |
2.033 |
1.221 |
1.255 |
2.240 |
20.8 |
46.1 |
|
Eletrosul |
1.119 |
1.084 |
708 |
495 |
39 |
267 |
514 |
566 |
46.0 |
52.2 |
|
Eletronuclear |
1.927 |
1.718 |
-894 |
-591 |
-1.001 |
-689 |
-534 |
-246 |
-27.7 |
-14.3 |
|
CGTEE |
474 |
298 |
-216 |
-381 |
-480 |
-472 |
-142 |
-310 |
-30.0 |
-104.0 |
Installed Capacity
|
Company |
Full Ownership (a) |
SPE (b) |
Physical Aggregation 2014 |
Total (a+b) |
|
Furnas |
8,830 |
2,029 |
521 |
10,859 |
|
Chesf |
10,615 |
408 |
285 |
11,023 |
|
Eletronorte* |
9,476 |
121 |
60 |
9,597 |
|
Itaipu |
7,000 |
- |
- |
7,000 |
|
Eletronuclear |
1,990 |
- |
- |
1,990 |
|
CGTEE |
840 |
- |
- |
840 |
|
Eletrosul |
428 |
320 |
303 |
748 |
|
Eletrobras |
- |
13 |
- |
13 |
|
Distribution companies |
2,083 |
- |
- |
2,083 |
|
Total |
41,624 |
2,891 |
1,169 |
44,156 |
(b) The company's participation in the project
* TPU Electron, 121 MW, considered in the installed capacity of Eletronorte,is being used by Amazonas Energia.
Extension of Transmission Lines - Km
|
Company |
Full Ownership (a) |
SPE (b) |
Physical Aggregation 2014 |
Total (a+b) |
|
Furnas |
19,907 |
1,361 |
165 |
21,267 |
|
Chesf |
19,692 |
1,086 |
393 |
20,778 |
|
Eletronorte |
10,703 |
1,472 |
814 |
12,174 |
|
Eletrosul |
11,140 |
1,531 |
1,827 |
12,671 |
|
Distribution companies |
701 |
- |
28 |
701 |
|
Total |
62,142 |
5,449 |
3,227 |
67,591 |
(b) The company's participation in the project
Energy Sold – MWh
|
|
2014 |
2013 |
|
Itaipu |
76,521,579 |
88,467,305 |
|
Furnas |
40,560,604 |
42,231,758 |
|
Chesf |
55,585,505 |
57,861,823 |
|
Eletronorte |
51,260,891 |
52,472,887 |
|
Eletronuclear |
14,113,782 |
13,456,230 |
|
Eletrosul |
1,993,055 |
1,985,585 |
|
CGTEE |
4,149,876 |
3,798,244 |
|
Total |
243,544,548 |
260,247,831 |
*The data related to energy sold do not consider the sell in the short term market.
|
33 |
 |
(In US$)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
Cash and cash equivalents |
313,950,465 |
387,365,027 |
|
Accounts receivable from clients |
990,830,029 |
1,007,320,522 |
|
Stored materials |
6,492,486 |
6,656,848 |
|
Obligation to receive |
3,286,498 |
3,288,033 |
|
Legal deposits |
34,520,767 |
21,106,491 |
|
Other accounts receivable |
39,451,250 |
63,452,965 |
|
Current Assets Total |
1,388,531,495 |
1,489,189,886 |
|
|
|
|
|
Non-Current Assets |
|
|
|
Obligations to receive |
218,384,799 |
200,840,198 |
|
Legal deposits |
23,890,705 |
43,953,374 |
|
|
242,275,504 |
244,793,572 |
|
Results to compensate |
|
|
|
From previous periods |
-2,131,418,858 |
-942,516,046 |
|
Result for the period |
-1,103,817,173 |
-1,188,902,812 |
|
|
-3,235,236,031 |
-2,131,418,858 |
|
Property, unit and equipment |
17,469,614,239 |
17,488,882,033 |
|
Intangible |
24,874,267 |
22,288,878 |
|
Total Non-Current Assets |
14,501,527,979 |
15,624,545,625 |
|
Total Assets |
15,890,059,474 |
17,113,735,511 |
|
34 |
|
|
|
Liabilities and Stockholders’ Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Loans and Financing |
1,246,826,696 |
1,168,918,872 |
|
Remuneration and reimbursement |
684,611,147 |
713,493,716 |
|
Suppliers |
57,448,803 |
59,514,157 |
|
Pay roll and social obligations |
62,920,743 |
58,919,188 |
|
Labor Indemnities |
23,386,410 |
27,505,259 |
|
Provision for lawsuits |
96,097,905 |
134,774,746 |
|
Other obligations |
3,101,176 |
3,357,166 |
|
Total Current Liabilities |
2,174,392,880 |
2,166,483,104 |
|
|
|
|
|
Non-Current Liabilities |
|
|
|
Loans and financing |
11,436,343,586 |
12,675,882,137 |
|
Labor Indemnities |
346,449,977 |
345,044,078 |
|
Post-Emplyment benefits |
1,759,412,051 |
1,696,400,179 |
|
Provision for lawsuits |
70,099,686 |
126,411,007 |
|
Other obligations |
3,361,294 |
3,515,006 |
|
Total Liabilities |
13,615,666,594 |
14,847,252,407 |
|
|
|
|
|
|
|
|
|
Stockholders’ Equity |
|
|
|
Capital |
|
|
|
Centrais Elétricas Brasileiras SA |
50,000,000 |
50,000,000 |
|
Administración Nacional de Electricidad |
50,000,000 |
50,000,000 |
|
Total Stockholders’ Equity |
100,000,000 |
10,000,000 |
|
Total Liabilities and Net Stockholders’ Equity |
15,890,059,474 |
17,113,735,511 |
|
35 |
|
|
Statement of Income
(US$)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenues |
|
|
|
Power supply |
3,291,012,000 |
3,291,012,000 |
|
Remuneration on power assignment |
318,374,804 |
377,020,357 |
|
Reimbursement of charges – non assured Energy |
70,975,712 |
132,328,557 |
|
Operating Revenue Total |
3,680,362,516 |
3,800,360,914 |
|
|
|
|
|
Operating Expenses |
|
|
|
Remunerations and reimbursements |
|
|
|
Capital income |
-48,784,814 |
-48,139,048 |
|
Remuneration on power assignment |
-318,374,804 |
-377,020,357 |
|
Assured Energy |
|
|
|
Royalties |
-411,298,648 |
-405,933,777 |
|
Reimbursement of charges – administration and supervision |
-31,638,358 |
-31,225,674 |
|
Non assured Energy |
|
|
|
Royalties |
-65,906,018 |
-122,876,517 |
|
Reimbursement of charges – administration and supervision |
-5,069,694 |
-9,452,040 |
|
|
-881,072,336 |
-994,647,413 |
|
Operating expenses |
|
|
|
Administrative and general expenses |
|
|
|
Personnel |
-557,502,289 |
-558,875,869 |
|
Actuarial Provisions |
-123,996,093 |
-43,921,855 |
|
Materials |
-17,901,251 |
-16,429,962 |
|
Third-part related services |
-101,961,380 |
-106,702,421 |
|
Expenses with lawsuits |
-50,646,983 |
-41,387,322 |
|
Provision for lawsuits |
74,473,567 |
58,759,955 |
|
Other operating expenses |
-98,738,803 |
-98,286,170 |
|
|
-876,273,232 |
-806,843,644 |
|
Total of operating expenses |
-1,757,345,568 |
-1,801,491,057 |
|
Result of Service |
|
|
|
Other revenues / expenses |
|
|
|
Sundry Revenues |
8,881,552 |
9,628,450 |
|
Sundry Expenses |
-58,584,531 |
-24,627,084 |
|
|
-49,702,979 |
-14,998,634 |
|
Financial Revenues |
|
|
|
Income from financial applications |
56,764,473 |
21,033,597 |
|
Moratory increase on Energy invoices |
2,259,258 |
3,453 |
|
Other financial revenues |
3,628,014 |
4,203,307 |
|
|
62,651,745 |
25,240,357 |
|
Financial Expenses |
|
|
|
Debt charges |
- |
-2,322,697 |
|
Non-debt charges |
-885,738,220 |
-958,676,180 |
|
Charges on remunerations and reimbursements |
-2,108,825 |
-2,071 |
|
Monetary Variations |
55,735,306 |
140,797,875 |
|
Other financial expenses |
-36,803 |
-5,695 |
|
|
-832,148,541 |
-820,208,768 |
|
|
|
|
|
Financial Result |
-769,496,796 |
-794,968,411 |
|
Net income for the period |
1,103,817,172 |
1,188,902,812 |
|
36 |
|
|
Cash Flow
(US$)
|
|
12.31.14 |
12.31.13 |
|
Operating Activities |
|
|
|
Net income for the period |
1,103,817,173 |
1,188,902,812 |
|
Adjustments |
|
|
|
Disposal of Fixed Assets - sales |
58,155,422 |
23,936,521 |
|
Monetary Variation on Financing and loans |
-1,927,269 |
-3,116,416 |
|
Monetary Variation on Estimated Obligations |
-70,503,142 |
-177,003,049 |
|
Liability provisions |
|
|
|
Financial charges to be capitalized |
885,768,845 |
960,998,877 |
|
Estimated Obligations |
69,969,179 |
-9,053,366 |
|
Adjusted Income |
2,045,280,208 |
1,984,665,379 |
|
Variations in Assets and Liabilities |
|
|
|
Accounts Receivable variation – Rendering of Services |
16,490,493 |
-40,282,168 |
|
Stored Material variation |
164,362 |
-185,536 |
|
Other Credits variation |
14,326,704 |
15,948,262 |
|
Remuneration and reimbursement variation |
-28,882,569 |
44,529,884 |
|
Suppliers and other variations |
-2,475,056 |
-25,019,820 |
|
Payment-roll and social obligation variation |
4,001,555 |
685,465 |
|
Payment of the Estimated Obligation |
-34,155,277 |
-60,448,989 |
|
|
-30,529,788 |
-64,772,902 |
|
Net Operating Cash Flow |
2,014,750,420 |
1,919,892,477 |
|
Investment Activities |
|
|
|
Property, unit and equipment and intangible |
-41,455,814 |
-36,646,144 |
|
Balance of the Investment Activities |
-41,455,814 |
-36,646,144 |
|
Financing Activities |
|
|
|
Loans and financing obtained |
8,660,000 |
26,049,560 |
|
Amortization of the Loans and Financing |
-1,168,196,548 |
-1,092,539,729 |
|
Payment of interest on Loans and Financing |
-887,172,620 |
-963,654,859 |
|
Balance of the Financing Activities |
-2,046,709,168 |
-2,030,145,028 |
|
Total of Cash Effects |
-73,414,562 |
-146,898,695 |
|
Cash and cash equivalent – beginning of period |
387,365,027 |
534,263,722 |
|
Cash and cash equivalent – end of period |
313,950,465 |
387,365,027 |
|
Total of Cash Effects |
-73,414,562 |
-146,898,695 |
|
37 |
|
|
Market Data
1.Generation Assets and Energy generated
Own assets
|
Unit |
Installed Capacity (MW) |
Guaranteed Energy (MW Average) |
Energy generated – MWh | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
Itaipu Binacional |
14,000 |
8,577 |
23,251,103 |
22,061,975 |
20,848,730 |
21,633,585 |
87,795,393 |
|
Unit |
Participation % |
Location (State) |
Beginning of Operation |
End of Operation |
|
Itaipu Binacional |
50% |
Brazil (Paraná) and Paraguay (Alto Paraná) |
03/1985 |
- |
2.Electric energy purchased for resale - N/A
3.Energy sold
Own assets
|
Buyer |
Sales model |
1Q13 |
2Q13 |
3Q13 |
4Q13 |
2014 | |||||
|
US$ Million1 |
MWh |
US$ Million |
MWh |
US$ Million |
MWh |
US$ Million |
MWh |
US$ Million |
MWh | ||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
B |
741.4 |
20,103,482 |
759.2 |
19,767,360 |
761.9 |
18,351,153 |
732.2 |
18,299,584 |
2,994.7 |
76,521,579 | |
|
Others |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
81.4 |
2,983,783 |
63.6 |
2,135,060 |
60.8 |
2,359,017 |
90.5 |
3,165,748 |
296.3 |
10,643,608 | |
|
Total |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
822.8 |
23,087,265 |
822.8 |
21,902,420 |
822.7 |
20,710,170 |
822.7 |
21,465,332 |
3,291.0 |
87,165,187 | |
A - Through auction
B - Through free market agreements or bilateral contracts
1Considered only the billing of assured energy
4.CCEE settlement (Spot and MRE) – N/A
5.Fuel used to produce electricity– N/A
6.Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.70 |
0.72 |
0.66 |
0.78 |
0.72 |
7.Average price– US$/KW
Own assets
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
22.60 |
22.60 |
22.60 |
22.60 |
22.60 |
|
38 |
|
|
8.Extension of transmission lines – Km – N/A
9. Losses in Transmission - % - N/A
10.Main investments– US$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
Budget |
|
Generation |
|
|
|
|
|
|
|
Permanent |
0.9 |
1.7 |
0.4 |
6.0 |
9.0 |
- |
|
Techinical Reserve |
0.5 |
0.6 |
1.2 |
0.2 |
2.5 |
- |
|
Softwares |
0.3 |
1.0 |
0.1 |
1.2 |
2.6 |
- |
|
Other investments |
2.5 |
6.2 |
4.3 |
14.4 |
27.4 |
- |
|
Total |
4.2 |
9.5 |
6.0 |
21.8 |
41.5 |
- |
11.New investments – N/A
12.Loans and financing – US$ million
Local currency - LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due |
Index |
|
FIBRA – Fundação Itaipu – BR |
36.8 |
37.8 |
33.4 |
30.5 |
2023 |
6.0% + INPC |
Foreign currency - FC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Currency |
|
Eletrobras |
4,912.1 |
4,740.2 |
4,565.7 |
4,388.5 |
2021/2023 |
US$ |
|
National Treasury |
8,289.4 |
8,176.2 |
8,061.2 |
7,944.2 |
2023 |
US$ |
|
Restructuring of foreign debt |
256.9 |
244.9 |
246.8 |
244.9 |
2023 |
US$ |
|
CAJUBI – Fundação Itaipu – PY |
70.8 |
69.4 |
67.8 |
66.3 |
2021/2022 |
US$ |
|
Paraguayan Banks |
- |
- |
2.2 |
8.7 |
2016/2018/2022 |
US$ |
|
TOTAL |
13,529.2 |
13,230.7 |
12,943.7 |
12,652.6 |
|
|
13.Contracts – US$ million
13.1.Loans and financing
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
After 2019 |
Total (LC+FC) |
|
By activity | |||||||
|
Generation |
1,246.8 |
1,326.8 |
1,413.2 |
1,507.2 |
1,607.6 |
5,581.5 |
12,683.1 |
|
By creditor | |||||||
|
Eletrobras |
596.6 |
485.2 |
516.7 |
550.7 |
587.1 |
1,652.2 |
4,388.5 |
|
Others |
650.2 |
841.6 |
896.5 |
956.5 |
1,020.5 |
3,929.3 |
8,294.6 |
|
39 |
|
|
14.Number of employees
14.1.By tenure
Generation
Itaipu Binacional
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
948 |
906 |
878 |
804 |
|
6 to 10 |
589 |
633 |
665 |
780 |
|
11 to15 |
406 |
402 |
398 |
399 |
|
16 to 20 |
163 |
158 |
151 |
149 |
|
21 to 25 |
502 |
436 |
355 |
305 |
|
beyond 25 |
608 |
653 |
687 |
705 |
|
Total |
3,216 |
3,188 |
3,134 |
3,142 |
Brazilian Margin
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
369 |
355 |
356 |
353 |
|
6 to 10 |
380 |
393 |
403 |
415 |
|
11 to15 |
125 |
134 |
125 |
126 |
|
16 to 20 |
161 |
158 |
151 |
149 |
|
21 to 25 |
108 |
85 |
53 |
51 |
|
beyond 25 |
262 |
289 |
289 |
283 |
|
Total |
1,405 |
1,414 |
1,377 |
1,377 |
Paraguayan Margin
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
579 |
551 |
522 |
451 |
|
6 to 10 |
209 |
240 |
262 |
365 |
|
11 to15 |
281 |
268 |
273 |
273 |
|
16 to 20 |
02 |
- |
- |
- |
|
21 to 25 |
394 |
351 |
302 |
254 |
|
beyond 25 |
346 |
364 |
398 |
422 |
|
Total |
1,811 |
1,774 |
1,757 |
1,765 |
14.2.By region
Itaipu Binacional
|
State |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Usina Hidrelétrica de Itaipu* |
2,162 |
2,138 |
2,115 |
2,082 |
|
Paraná – Brasil |
313 |
311 |
301 |
315 |
|
São Paulo – Brasil |
01 |
01 |
01 |
01 |
|
Brasília – Brasil |
03 |
03 |
03 |
03 |
|
Paraguai |
737 |
735 |
714 |
741 |
|
Total |
3,216 |
3,188 |
3,134 |
3,142 |
*Located in Foz do Iguaçu-Paraná-Brasil and Hernandárias-Alto Paraná-Paraguay.
|
40 |
|
|
Brazilian Margin
|
State |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Usina Hidrelétrica de Itaipu* |
1,100 |
1,111 |
1,084 |
1,072 |
|
Paraná – Brasil |
301 |
299 |
289 |
301 |
|
São Paulo – Brasil |
01 |
01 |
01 |
01 |
|
Brasília – Brasil |
03 |
03 |
03 |
03 |
|
Paraguai |
- |
- |
- |
- |
|
Total |
1,405 |
1,414 |
1,377 |
1,377 |
*Located in Foz do Iguaçu-Paraná-Brasil and Hernandárias-Alto Paraná-Paraguay.
Paraguayan Margin
|
State |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Usina Hidrelétrica de Itaipu* |
1,062 |
1,027 |
1,031 |
1,010 |
|
Paraná – Brasil |
12 |
12 |
12 |
14 |
|
São Paulo – Brasil |
- |
- |
- |
- |
|
Brasília – Brasil |
- |
- |
- |
- |
|
Paraguai |
737 |
735 |
714 |
741 |
|
Total |
1,811 |
1,774 |
1,757 |
1,765 |
*Located in Foz do Iguaçu-Paraná-Brasil and Hernandárias-Alto Paraná-Paraguay.
14.3.By departments
Itaipu Binacional
|
Department |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
747 |
727 |
715 |
690 |
|
Administrative |
2,469 |
2,461 |
2,419 |
2,452 |
Brazilian Margin
|
Department |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
380 |
377 |
375 |
374 |
|
Administrative |
1,025 |
1,037 |
1,002 |
1,003 |
Paraguayan Margin
|
Department |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
367 |
350 |
340 |
316 |
|
Administrative |
1,444 |
1,424 |
1,417 |
1,449 |
15.Complementary work force – N/A
16.Turn-over - %
Itaipu Binacional
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1.09 |
0.47 |
1.47 |
0.84 |
|
41 |
|
|
Brazilian Margin
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1.12 |
0.64 |
1.44 |
0.80 |
Paraguayan Margin
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1.13 |
1.24 |
1.50 |
2.02 |
|
42 |
Balance Sheet
(R$ thousand)
|
Assets |
||
|
12.31.14 |
12.31.13 | |
|
Current Assets |
||
|
Availabilities |
1,692 |
6,696 |
|
Clients (Consumers and resellers) |
623,284 |
607,331 |
|
Loans and financing |
3,138 |
3,353 |
|
Marketable Securities |
667,750 |
715,812 |
|
Dividends to receive (Remuneration of equity participation) |
113,186 |
82,536 |
|
Fiscal Assets deferred (Taxes and contributions) |
7,770 |
19,338 |
|
Income Tax and Social Contribution |
226,432 |
98,747 |
|
Reimbursement Rights – CCC (12,111 law) |
238,381 |
263,127 |
|
Linked deposits |
- |
15,339 |
|
Stored materials |
22,789 |
21,454 |
|
Financial Asset |
- |
- |
|
Receivables - 12,783/13 Law |
1,344,476 |
1,499,440 |
|
Others |
199,168 |
97,495 |
|
Current Assets Total |
3,448,066 |
3,430,668 |
|
. |
||
|
Non-Current Assets |
||
|
Clients (Consumers and resellers) |
422,182 |
313,493 |
|
Loans and financing |
3,095 |
6,152 |
|
Marketable Securities |
- |
- |
|
Fiscal Assets deferred (Taxes and contributions) |
- |
-33,823 |
|
Income Tax and Social Contribution |
- |
491,732 |
|
Reimbursement Rights – CCC (12,111 law) |
19,916 |
246,976 |
|
Linked deposits |
477,926 |
503,057 |
|
Financial Asset |
7,529,487 |
6,389,473 |
|
Receivables - 12,783/13 Law |
- |
630,912 |
|
Others |
177,797 |
261,280 |
|
Advances for equity participation |
18,075 |
- |
|
|
8,648,478 |
8,809,252 |
|
INVESTMENTS |
5,344,317 |
4,879,505 |
|
FIXED ASSETS |
5,924,242 |
5,908,998 |
|
INTANGIBLE |
107,581 |
111,388 |
|
Non-Current Assets Total |
20,024,618 |
19,709,143 |
|
Assets Total |
23,472,684 |
23,139,811 |
|
43 |
|
|
|
Liabilities and Stockholders’ Equity |
||
|
12.31.14 |
12.31.13 | |
|
Current Liabilities |
||
|
Suppliers |
750,285 |
411,869 |
|
Loans and financing |
507,770 |
431,464 |
|
Taxes and social contribution |
299,803 |
282,854 |
|
Income Tax and Social Contribution |
5,002 |
5,002 |
|
Derivatives |
- |
- |
|
Estimated obligations |
134,871 |
286,273 |
|
Advances from consumers |
- |
- |
|
Shareholders remuneration (dividends payable) |
- |
- |
|
Provisions for contingencies |
- |
- |
|
Post-employment benefit (complementary Pension Fund) |
77,341 |
72,945 |
|
Leasing |
- |
- |
|
Onerous Contracts |
- |
- |
|
Concessions to pay - UBP |
1,561 |
1,590 |
|
Sectorial charges (regulatory taxes) |
138,094 |
128,265 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
121,918 |
154,511 |
|
Current Liabilities Total |
2,036,645 |
1,774,773 |
|
|
||
|
Non-Current Liabilities |
||
|
Suppliers |
- |
- |
|
Loans and financing - Principal |
8,419,890 |
7,514,980 |
|
Taxes and social contribution |
689,875 |
739,705 |
|
Income Tax and Social Contribution |
- |
- |
|
Derivatives |
- |
- |
|
Advances from consumers (energy sell in advance) |
- |
- |
|
Estimated Obligations |
61,653 |
20,454 |
|
Provisions for contingencies |
509,291 |
555,309 |
|
Provision for onerous contract |
969,935 |
1,001,219 |
|
Post-employment benefit (Complementary Pension Fund) |
242,276 |
206,612 |
|
Concessions to pay - UBP |
35,877 |
38,090 |
|
Sectorial charges (regulatory taxes) |
95,147 |
76,601 |
|
Advance for future Capital Increase |
38,530 |
34,740 |
|
Others |
1 |
1 |
|
Non-Current Liabilities Total |
11,062,475 |
10,187,711 |
|
|
||
|
Stockholders’ Equity |
||
|
Social Capital |
6,531,154 |
6,531,154 |
|
Capital reserves |
5,528,986 |
5,528,986 |
|
Profit reserves |
- |
- |
|
Additional dividends proposed |
- |
- |
|
Accrued profit/losses |
-405,654 |
- |
|
Other comprehensive income |
-1,280,922 |
-882,813 |
|
Non-controlling participation |
- |
- |
|
|
||
|
Stockholders’ Equity Total |
10,373,564 |
11,177,327 |
|
|
||
|
Non-Current Liabilities and Stockholders’ Equity Total |
23,472,684 |
23,139,811 |
|
44 |
|
|
Statement of Income by Activity
(R$ thousand)
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
|
|
|
Generation |
||
|
Plant Supply |
3,705,696 |
2,325,823 |
|
Energy Supply |
14,896 |
75,809 |
|
Short term electric Energy (CCEE) |
856,977 |
467,819 |
|
O&M Revenue of Renewed Plants |
560,947 |
543,127 |
|
Construction Revenue |
90,602 |
103,967 |
|
Return on Investment - G |
- |
- |
|
|
||
|
Transmission |
||
|
O&M Renewed Transmission Lines Revenue |
0 |
712,288 |
|
O&M Revenue |
856,738 |
14,591 |
|
Construction Revenue – Transmission |
578,910 |
478,106 |
|
Return on Investment - T |
212,283 |
172,204 |
|
Other Operating Revenue |
181,291 |
75,621 |
|
|
||
|
Deductions to Operating Revenue |
-742,295 |
-671,187 |
|
Net Operating Revenue |
6,316,045 |
4,298,168 |
|
|
||
|
Operating Costs |
||
|
Electric Energy purchased for resale |
-1,519,260 |
-673,974 |
|
Charges on the use of electric grid |
-423,634 |
-400,711 |
|
Fuel for production of electric Energy - CCC |
-492,843 |
-278,997 |
|
Construction costs |
-669,512 |
-582,073 |
|
. |
||
|
Operating Expenses |
||
|
Personnel, Material and Third-part related Service |
-1,856,629 |
-2,151,721 |
|
Remuneration and reimbursement |
-133,542 |
-164,000 |
|
Depreciation and amortization |
-222,476 |
-185,816 |
|
Donations and Contributions |
-27,436 |
-24,760 |
|
Provisions |
555,206 |
101,115 |
|
Others |
-181,056 |
-67,500 |
|
Operating Costs and Expenses |
-4,971,182 |
-4,428,437 |
|
|
||
|
Result of equity participation |
-887,111 |
151,780 |
|
Operating Result before Financial Result |
457,752 |
21,511 |
|
|
||
|
Financial Result |
-457,996 |
-524,079 |
|
Result before Income Tax / Social Contribution |
-244 |
-502,568 |
|
|
||
|
Current Income Tax and and social contribution |
- |
-40,206 |
|
Deferred Income Tax and and social contribution |
-405,410 |
-111,683 |
|
Net income for the period |
-405,654 |
-654,457 |
|
45 |
|
|
Cash Flow
(R$ thousand)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Profit/Loss before income tax and social contribution |
-244 |
-665,621 |
|
Depreciation and amortization |
222,476 |
185,816 |
|
Net monetary and currency variations |
139,876 |
81,246 |
|
Financial charges |
819,278 |
524,555 |
|
Equity Equivalency Result |
887,111 |
-151,780 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of questionable liquidation |
34,893 |
24,734 |
|
Provision for contingencies |
-46,018 |
-309,869 |
|
Provision for staff realignment |
-11,848 |
222,043 |
|
Impairment – Provision for reduction of recoverable amount of asset (impairment) |
-47,224 |
32,067 |
|
Provision for Onerous Contract |
-31,284 |
-488,996 |
|
Provision for loss on financial asset |
-496,195 |
496,195 |
|
Global reversal reserve charges |
285,055 |
317,207 |
|
Adjustment to present value / market value |
0 |
0 |
|
Minority Participation in the Results |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financing assets Revenue - IRR |
-212,283 |
-172,204 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
-563,225 |
-467,148 |
|
Variation in operating assets / liabilities |
331,971 |
464,313 |
|
Cash generated in operating activities |
1,312,339 |
92,558 |
|
|
||
|
Financial charges paid |
-754,836 |
-591,928 |
|
Payment of global reversal reserve charges |
-306,623 |
-421,348 |
|
Financial charges received |
857 |
5,834 |
|
Remuneration received from equity participation |
62,566 |
156,933 |
|
Financial asset revenue by RAP |
237,976 |
198,460 |
|
Receiving compensation for financial asset |
1,154,767 |
1,914,774 |
|
Payment of income tax and social contribution |
-275,639 |
-45,407 |
|
Payment of pension fund |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
54,002 |
-49,800 |
|
Net cash operating activities |
1,485,409 |
1,260,076 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
1,178,401 |
1,609,368 |
|
Loans and financing payable – principal |
-363,116 |
-534,909 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Payment on refinancing of taxes and contributions - Principal |
-64,232 |
-63,654 |
|
Receipt of Advance for future Capital Increase |
0 |
0 |
|
Others |
0 |
0 |
|
Net financing activities |
751,053 |
1,010,805 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Concession of Loans and Financing |
0 |
0 |
|
Acquisition of fixed asset |
-174,386 |
-361,020 |
|
Acquisition of intangible asset |
-15,897 |
-34,182 |
|
Acquisition of Concession asset |
-669,513 |
-582,073 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation |
-1,505,928 |
-1,125,631 |
|
Others |
124,258 |
-163,741 |
|
Net cash investment activities |
-2,241,466 |
-2,266,647 |
|
|
||
|
Increase (decrease) in cash and cash equivalent |
-5,004 |
4,234 |
|
|
||
|
Cash and cash equivalent – beginning of period – 12/31/13 |
6,696 |
2,462 |
|
Cash and cash equivalent – end of period – 12/31/14 |
1,692 |
6,696 |
|
|
-5,004 |
4,234 |
|
46 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented a net profit in 4Q14 84.3 %, higher than the registered in the previous quarter, from a net loss of R$ 728.1 million in 3Q14 , for a net loss of R$ 114 million in 4Q14, mainly due to factors described below .
Operating Revenue
In generation:
The electric energy supply decreased by 2.5%, from R$ 1,132.4 million in 3Q14 , to R$ 1,104.1 million in 4Q14 , mainly due to the reduction in the auction of energy supply in the amount of R$ 93 million.
The operating revenue and maintenance of renewable power plants increased by 4.3%, from R$ 139.2 million in 3Q14 to R$ 145.2 million in 4Q14 , mainly due to the increase in Generation Annual Revenue (RAG) in the 4Q14 .
In transmission:
The revenues from transmission system (operation and maintenance) decreased by 4% , from R$ 240.9 million in 3Q14 to R$ 231.4 million in 4Q14 , mainly due to lower O&M revenues with 062.2001 contract ( R$ 9.2 million ) and in the other contracts ( R$ 0.3 million ).
The others operating income increased by 716.6 % , from R$ 18 million in 3Q14 to R$ 146.9 million in 4Q14 , mainly due to adjustment by actuarial gain , related to post-employment benefits.
Operating Expense
The electric energy purchased for resale increased by 26.2% from R$ 520.7 million in 3Q14 to R$ 657 million in 4Q14, mainly due to increased energy purchases due to the reflection of the negative determination in CCEE settlement resulting from exposure in the energy market, as of June 2014.
The personnel expenses, materials and third-part related services increased by 40.2% from R$ 429.1 million in 3Q14 to R$ 601.7 million in 4Q14, mainly due to increased personnel expenses in 4Q14 in function of 13th salary and vacation period the amount of R$ 66 million and third-part related services R$ 19 million.
The operational provisions decreased by 1,244.5%, from a provision of R$ 54.6 million in 3Q14, to a reversal of R$ 624.8 million in 4Q14, mainly due to the reversal of provision for loss on the financial asset R$ 496.2 million based on Normative Resolution ANEEL 643/14.
Financial Result
The debt charges increased by 14.2%, from R$ 179.8 million in 3Q14 to R$ 205.3 million in 4Q14, mainly due to the increased level of debt, related to a loan agreement with Eletrobras .
The others financial expenses increased by 103.7%, from R$ 19.3 million in 3Q14 to R$ 39.3 million in 4Q14, mainly due to IOF on loans and late payment fines.
The remuneration of the claims of 12,783/13 Law decreased by 51%, from R$ 152.9 million in 3Q14 to R$ 74.9 million in 4Q14, mainly due to the update relating to Interest and Monetary Variation.
Equity Participation
The result of investments on equity participations increased by 66.42%, from a gain of R$ 234.1 million in 3Q14 to a loss of R$ 697.2 million in 4Q14, mainly due to an increase in income of Furnas equivalence on their investments in SPSs.
|
47 |
|
|
Market Data
1.Generation Assets and Energy generated
1.1.Own assets
|
Unit |
Installed Capacity (MW) |
Guaranteed Energy (MW Average) |
Energy Generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
HPU Furnas |
1,216 |
598 |
1,294,259 |
210,867 |
384,912 |
639,650 |
2,529,688 |
|
HPU Luis Carlos Barreto (Estreito) |
1,050 |
495 |
1,058,550 |
232,215 |
423,621 |
678,096 |
2,392,481 |
|
HPU Mascarenhas de Moraes |
476 |
295 |
674,710 |
146,381 |
262,850 |
384,236 |
1,468,177 |
|
HPU Porto Colômbia |
320 |
185 |
474,488 |
153,527 |
208,404 |
322,530 |
1,158,948 |
|
HPU Marimbondo |
1,440 |
726 |
1,381,554 |
379,294 |
425,447 |
655,364 |
2,841,659 |
|
HPU Itumbiara |
2,082 |
1,015 |
1,868,252 |
1,030,043 |
1,638,817 |
1,541,949 |
6,079,061 |
|
HPU Funil |
216 |
121 |
196,127 |
217,655 |
151,422 |
116,070 |
681,275 |
|
HPU Corumbá I |
375 |
209 |
528,348 |
601,538 |
384,947 |
340,656 |
1,855,488 |
|
HPU Simplício |
306 |
192 |
234,156 |
721,343 |
37,071 |
29,868 |
473,062 |
|
HPU Batalha |
52.50 |
48.8 |
- |
62,858 |
66,409 |
48,117 |
177,384 |
|
HPU Serra da Mesa (48.46%)(1) |
1,275 |
671 |
423,723 |
244,889 |
781,664 |
768,013 |
2,218,289 |
|
HPU Manso (70%) (1) |
212 |
92 |
177,118 |
115,069 |
97,586 |
141,488 |
531,261 |
|
TPU Santa Cruz (2) |
500 |
401.2 |
550,325 |
721,343 |
723,368 |
719,843 |
2,714,880 |
|
TPU Roberto Silveira (Campos) |
30 |
21 |
- |
3,004 |
- |
9,387 |
12,391 |
|
HPU Neblina (3) |
6,468 |
4.66 |
8,513 |
3,421 |
353 |
364 |
12,650 |
|
HPU Sinceridade (3) |
1,416 |
0.37 |
724 |
683 |
687 |
348 |
2,442 |
|
HPU Dona Rita (3) |
2.41 |
1.03 |
- |
- |
- |
- |
- |
(1)Includes only the Furnas percentage. For the other assets corresponds to the energy generated total plant.
(2) The power of 500 MW excludes GU 3 and 4, whose commercial Operation is briefly suspended by Aneel, as Order No 3263 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 and 21 will operate in combined cycle with the GU 1 and 2. the assured (assured energy) of 401.2 MW is on the installed capacity of 500 MW.
(3) Disregarding the total consolidated installed capacity of Eletrobras.
HPU refers to Hydroelectric Power Unit; TPU refers to Thermal Power Unit and WPU refers to Wind Power Unit.
|
Unit |
Location (State) |
Beginning of Operation |
End of Operation |
|
Furnas |
MG |
03/1963 |
12/2042 |
|
Luis Carlos Barreto (Estreito) |
SP/MG |
01/1969 |
12/2042 |
|
Mascarenhas de Moraes |
MG |
04/1973 |
10/2023 |
|
Porto Colômbia |
MG/SP |
03/1973 |
12/2042 |
|
Marimbondo |
SP/MG |
04/1975 |
12/2042 |
|
Itumbiara |
GO/MG |
02/1980 |
02/2020 |
|
Funil |
RJ |
04/1969 |
12/2042 |
|
Corumbá I |
GO |
04/1997 |
12/2042 |
|
Simplício |
RJ |
06/2013 |
08/2041 |
|
Batalha |
MG |
05/2014 |
08/2041 |
|
Serra da Mesa |
GO |
04/1998 |
11/2038 |
|
Manso |
MT |
10/2000 |
02/2035 |
|
Santa Cruz |
RJ |
03/1967 |
12/2042 |
|
Roberto Silveira (Campos) |
RJ |
04/1977 |
07/2027 |
|
Neblina |
MG |
04/2013 |
(*) |
|
Sinceridade |
MG |
04/2013 |
(*) |
|
Dona Rita |
MG |
06/2013 |
(*) |
(*)Under the responsibility of Furnas to completion of new bidding for grant of power plants.
|
48 |
|
|
1.2 SPE
|
SPE |
Unit |
Installed Capacity (MW) |
Guaranteed Energy(MW Average) |
Energy generated(MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Enerpeixe S.A. |
HPU Peixe Angical |
452 |
271 |
706,489 |
478,951 |
526,256 |
602,151 |
2.313.847 |
|
Baguari Geração de Energia S.A. |
HPU Baguari |
140 |
80 |
172,420 |
43,063 |
27,345 |
40,157 |
282.985 |
|
Retiro Baixo Energética S.A. |
HPU Retiro Baixo |
82 |
39 |
41,249 |
14,391 |
- |
24,384 |
80.024 |
|
Foz de Chapecó Energia S.A. |
HPU Foz de Chapecó |
855 |
432 |
1,032,087 |
1,372,496 |
1,481,099 |
1,381,296 |
5.266.978 |
|
Serra do Facão Energia S.A. |
HPU Serra do Facão |
212.6 |
182 |
185,079 |
255,787 |
236,398 |
195,016 |
872.280 |
|
Madeira Energia S.A. |
HPU Santo Antônio(*) |
3,568.3 |
2,424.2 |
1,004,796 |
1,112,794 |
2,646,626 |
2,945,230 |
7.709.446 |
|
Brasventos Miassaba 3 Geradora de Energia S.A |
WPU Miassaba 3 |
68.47 |
25.6 |
43,316 |
30,074 |
59,361 |
61,045 |
193.796 |
|
Brasventos Eolo Geradora de Energia S.A. |
WPU Rei dos Ventos 1 |
58.45 |
21.6 |
22,572 |
23,435 |
46,517 |
51,252 |
174.299 |
|
Rei dos Ventos 3 Geradora de Energia S.A. |
WPU Rei dos Ventos 3 |
60.12 |
21 |
37,238 |
30,122 |
55,427 |
51,512 |
143.776 |
|
Tijoá Participações e Investimentos S.A. |
HPU Três Irmãos |
807.5 |
217.5 |
N/A |
N/A |
N/A |
N/A |
N/A |
(*) 32 units under Operation up to 4Q14, totalling 2,286.08 MW.
n/a = not available.
|
Unit |
Share (%) |
Location (State) |
Beginning of Operation |
End of Operation | |
|
HPU Peixe Angical |
40.0 |
TO |
06/2006 |
11/2036 | |
|
HPU Baguari |
15.0 |
MG |
09/2009 |
08/2041 | |
|
HPU Retiro Baixo |
49.0 |
MG |
03/2010 |
08/2041 | |
|
HPU Foz de Chapecó |
40.0 |
RS/SC |
10/2010 |
11/2036 | |
|
HPU Serra do Facão |
49.5 |
GO |
07/2010 |
11/2036 | |
|
HPU Santo Antônio |
39.0 |
RO |
03/2012 |
06/2043 | |
|
Wind Plant Miassaba 3 |
24.5 |
RN |
02/2014 |
08/2045 | |
|
Wind Plant Rei dos Ventos 1 |
24.5 |
RN |
02/2014 |
12/2045 | |
|
Wind Plant Rei dos Ventos 3 |
24.5 |
RN |
02/2014 |
12/2045 | |
|
HPU Três Irmãos (*) |
49.9 |
SP |
09/2014 |
09/2044 | |
(*) The grant of HPP Three Brothers, owned by CESP and won in November 2011, was not renewed under the terms of Law No. 12,783 / 2013. In Auction No. 002/2014 - ANEEL, which occurred on March 28, 2014, the consortium Furnas (49.9%) and FIP Constantinople (50.1%) was crowned winner in the race for a Concession of UHE Three Brothers, on the proposal of hiring of electricity generation service, at the lowest cost of generation Assets Management (GAG), including operating costs, maintenance, administration, compensation and amortization of the hydroelectric plant, where appropriate, under what scheme in art. 8 of Law No. 12,783, of January 11, 2013 for a period of thirty (30) years from the effective date of the Concession Agreement, which was signed on September 10, 2014.
|
49 |
|
|
2.Electric energy purchased for resale
2.1.Own assets
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
803,482 |
761,971 |
908,429 |
858,413 |
3,332,295 |
|
R$ Million |
138.10 |
119.31 |
208.74 |
181.32 |
647.48 | |
|
Total |
MWh |
803,482 |
761,971 |
908,429 |
858,413 |
3,332,295 |
|
R$ Million |
138.10 |
119.31 |
208.74 |
181.32 |
647.48 |
2.2.SPE
UHE Foz de Chapecó
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Total |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- |
UHE Santo Antônio
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
1,457,019.23 |
876,556.89 |
769,707.50 |
845,076.76 |
3,948,360.38 |
|
R$ Million |
343.42 |
363.48 |
199.89 |
154.01 |
1,060.80 | |
|
Total |
MWh |
1,457,019.23 |
876,556.89 |
769,707.50 |
845,076.76 |
3,948,360.38 |
|
R$ Million |
343.42 |
363.48 |
199.89 |
154.01 |
1,060.80 |
UHE Peixe Angical
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
17,890.00 |
15,840.00 |
52,656.00 |
230,729.92 |
317.115,92 |
|
R$ Million |
14.28 |
6.02 |
34.19 |
52.21 |
106,70 | |
|
Total |
MWh |
17,890.00 |
15,840.00 |
52,656.00 |
230,729.92 |
317.115,92 |
|
R$ Million |
14.28 |
6.02 |
34.19 |
52.21 |
106,70 |
UHE Retiro Baixo
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- | |
|
Total |
MWh |
- |
- |
- |
- |
- |
|
R$ Million |
- |
- |
- |
- |
- |
|
50 |
|
|
UHE Baguari (*)
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
267 |
586 |
675 |
- |
1,528 |
|
R$ Million |
0.07 |
0.08 |
0.16 |
- |
0.31 | |
|
Others |
MWh |
13,368 |
29,301 |
33,760 |
- |
76,429 |
|
R$ Million |
3.67 |
4.03 |
8.21 |
- |
15.91 | |
|
Total |
MWh |
13,635 |
29,887 |
34,435 |
- |
77,957 |
|
R$ Million |
3.74 |
4.11 |
8.37 |
- |
16.22 |
(*) There was expenditures on purchase of energy in the CCEE (Free Market) in 2014 only because of the application of GSF and FID (MRA) which reduced the physical guarantee in months, and not for resale.
3.Energy sold
3.1.Own assets
3.1.1. Energy sold by the enterprises not affected by 12,783 Law (not from quotas)
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | ||
|
Eletrobras System |
A |
19.44 |
128,018 |
27.29 |
149,710 |
29.71 |
161,398 |
32.20 |
180,853 |
108.64 |
619,979 |
|
B |
17.29 |
108,050 |
17.47 |
109,200 |
17.66 |
110,400 |
17.66 |
110,350 |
70.08 |
438,000 | |
|
Others |
A |
633.08 |
4,014,791 |
875.37 |
4,570,165 |
976.32 |
5,049,422 |
968.81 |
5,264,246 |
3,453.58 |
18,898,624 |
|
B |
3.72 |
26,248 |
3.94 |
27,789 |
3.63 |
25,587 |
3.61 |
25,496 |
14.90 |
105,120 | |
|
Total |
A |
652.52 |
4,142,809 |
902.66 |
4,719,875 |
1,006.03 |
5,210,820 |
1,001.01 |
5,445,099 |
3,562.22 |
19,518,603 |
|
B |
21.01 |
134,298 |
21.41 |
136,989 |
21.29 |
135,987 |
21.27 |
135,846 |
84.98 |
543,120 | |
A –Energy sold in regulated enviroment – revenue not from quotas
B - Through free market agreements or bilateral contracts
3.1.2. Energy sold by the enterprises affected by 12,783 - O&M
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | ||
|
Eletrobras System |
A |
7.22 |
250,334 |
6.45 |
252,999 |
6.78 |
255,779 |
6.78 |
255,662 |
27.23 |
1,014,774 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
|
Others |
A |
138.82 |
4,806,535 |
124.11 |
4,857,692 |
131.73 |
4,911,074 |
140.25 |
4,908,806 |
534.91 |
19,484,107 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
|
Total |
A |
146.04 |
5,056,869 |
130.56 |
5,110,691 |
138.51 |
5,166,853 |
147.03 |
5,164,468 |
562.14 |
20,498,881 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
A – Energy sold in regulated enviroment – revenue from quotas.
B - Through free market agreements or bilateral contracts.
3.2.SPE
UHE Peixe Angical
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | ||||||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | ||||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |||||
|
Others |
A |
121.41 |
630,783 |
110.86 |
561,329 |
115.46 |
579,698 |
121.67 |
602,151 |
469.40 |
2,373,961 | ||||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |||||
|
Total |
A |
121.41 |
630,783 |
110.86 |
561,329 |
115.46 |
579,698 |
121.67 |
602,151 |
469.40 |
2,373,961 | ||||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |||||
A - Through auction
B - Through free market agreements or bilateral contracts
|
51 |
|
|
UHE Foz do Chapecó
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | ||||||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | ||||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |||||
|
Others |
A |
102.89 |
571,046 |
99.58 |
541,444 |
107.62 |
571,216 |
111.88 |
585,134 |
421.97 |
2,268,840 | ||||
|
B |
71.61 |
373,248 |
75.63 |
377,395 |
76.74 |
381,542 |
77.41 |
381,542 |
301.39 |
1,513,727 | |||||
|
Total |
A |
102.89 |
571,046 |
99.58 |
541,444 |
107.62 |
571,216 |
111.88 |
585,134 |
421.97 |
2,268,840 | ||||
|
B |
71.61 |
373,248 |
75.63 |
377,395 |
76.74 |
381,542 |
77.41 |
381,542 |
301.39 |
1,513,727 | |||||
A - Through auction
B - Through free market agreements or bilateral contracts
UHE Santo Antônio
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | |||||
|
Eletrobras System |
A |
6,048 |
56.359 |
7,296 |
67.986 |
8,784 |
79.855 |
10,41 |
91.040(*) |
32,538 |
295.420 | |||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | ||||
|
Others |
A |
172,599 |
1.614.463 |
212,297 |
1.947.545 |
255,948 |
2.287.540 |
295,88 |
2.607.924 |
936,724 |
8.457.472 | |||
|
B |
394,86 |
2.648.716 |
434,645 |
2.877.961 |
455,273 |
2.798.095 |
538,59 |
2.924.282 |
1.823,368 |
11.249.054 | ||||
|
Total |
A |
178,65 |
1.670.822 |
219,59 |
2.015.531 |
264,73 |
2.367.395 |
306,29 |
2.698.964 |
969,26 |
8.752.892 | |||
|
B |
394,86 |
2.648.716 |
434,65 |
2.877.961 |
455,27 |
2.798.095 |
538,59 |
2.924.282 |
1.823,37 |
11.249.054 | ||||
A - Through auction
B - Through free market agreements or bilateral contracts
(*) Cepisa e Ceal.
UHE Serra do Facão
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | |||||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | ||||
|
Others |
A |
50.72 |
279,117 |
45.83 |
248,342 |
48.96 |
261,157 |
51.37 |
271,344 |
196.88 |
1,059,960 | |||
|
B |
20.03 |
110,211 |
25.37 |
137,477 |
26.06 |
138,988 |
26.30 |
138,925 |
97.76 |
525,601 | ||||
|
Total |
A |
50.72 |
279,117 |
45.83 |
248,342 |
48.96 |
261,157 |
51.37 |
271,344 |
196.88 |
1,059,960 | |||
|
B |
20.03 |
110,211 |
25.37 |
137,477 |
26.06 |
138,988 |
26.30 |
138,925 |
97.76 |
525,601 | ||||
A - Through auction
B - Through free market agreements or bilateral contracts
UHE Retiro Baixo
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | |||||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |||
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | ||||
|
Others |
A |
13.98 |
83,020,001 |
12.7 |
73,831,859 |
14.41 |
81,814,000 |
14.4 |
80,522,000 |
55.49 |
319,187,860 | |||
|
B |
0.38 |
2,161,000 |
0.4 |
2,184,000 |
0.39 |
2,208,000 |
0.4 |
2,207,000 |
1.57 |
8,760,000 | ||||
|
Total |
A |
13.98 |
83,020,001 |
12.7 |
73,831,859 |
14.41 |
81,814,000 |
14.4 |
80,522,000 |
55.49 |
319,187,860 | |||
|
B |
0.38 |
2,161,000 |
0.4 |
2,184,000 |
0.39 |
2,208,000 |
0.4 |
2,207,000 |
1.57 |
8,760,000 | ||||
A - Through auction
B - Through free market agreements or bilateral contracts
|
52 |
|
|
UHE Baguari
|
Buyer |
Sales model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh |
R$ Million |
MWh | ||
|
Eletrobras System |
A |
0.250 |
1,479 |
0.253 |
1,493 |
0.276 |
1,589 |
0.317 |
1,756 |
1.096 |
6,317 |
|
B |
- |
- |
- |
- |
|
- |
- |
- |
- |
- | |
|
Others |
A |
14.229 |
84,226 |
13.210 |
76,637 |
14.033 |
79,445 |
15.032 |
83,889 |
56.504 |
324,197 |
|
B |
- |
- |
- |
- |
|
- |
- |
- |
- |
- | |
|
Total |
A |
14.479 |
85,705 |
13.463 |
78,130 |
14.309 |
81,034 |
15.349 |
85,645 |
57.600 |
330,514 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
A - Through auction
B - Through free market agreements or bilateral contracts
* ED Piauí e ED Alagoas.
4.CCEE settlement (Spot and MRE)
|
|
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14(*) |
2014 |
|
Sold |
R$ Million |
541.87 |
318.04 |
- |
- |
859.91 |
|
MWh |
- |
- |
- |
- |
- | |
|
MWaverage |
- |
- |
- |
- |
- | |
|
Purchased |
R$ Million |
- |
128.90 |
332.87 |
474.63 |
936.40 |
|
MWh |
- |
- |
- |
- |
- | |
|
MWaverage |
- |
- |
- |
- |
- | |
|
Net |
R$ Million |
541.87 |
189.14 |
-332.87 |
-474.63 |
-76.49 |
|
MWh |
- |
- |
- |
- |
- | |
|
MWaverage |
- |
- |
- |
- |
- |
Note: The result of the settlement in the CCEE is published in R $ million , comprising various components, and already includes values of SRM.
(*) Settlement of December / 2014 , considering the value contributed Physical Guarantee ( undisclosed accounting ) .
5.Fuel used to produce electricity
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million | ||
|
Special Diesel oil |
litre |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Fuel oil Type B1 |
Ton |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Common Diesel oil |
Litre |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gas |
m3 |
273,018,526 |
103.11 |
419,695,402 |
193.59 |
430,455,358 |
135.96 |
417,418,708 |
134.26 |
1,540,587,994 |
566.93 |
|
Total |
273,018,526 |
103.11 |
419,695,402 |
193.59 |
430,455,358 |
135.96 |
417,418,708 |
134.26 |
1,540,587,994 |
566.93 | |
6.Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
1.05 |
1.05 |
1.05 |
1.05 |
1.05 |
7.Average price– R$/MWh
7.1.Own assets – enterprises not affected by 12,783 law
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
157.55 |
190.26 |
192.14 |
183.17 |
181.80 |
7.1.1 Own assets – enterprises renewed in accordance with the 12,783 Law – O&M
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
28.88 |
25.55 |
17.92 |
28.47 |
27.42 |
|
53 |
|
|
7.2.SPE
|
SPE |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Enerpeixe S.A. |
191.07 |
194.90 |
200.59 |
202.47 |
197.26 |
|
Retiro Baixo Energética S.A. |
168.59 |
172.15 |
176.16 |
178.62 |
173.88 |
|
Baguari S.A. |
169.19 |
172.32 |
176.59 |
179.22 |
174.33 |
|
Foz de Chapecó Energia S.A. |
184.95 |
191.55 |
193.50 |
195.81 |
191.45 |
|
Serra do Facão Energia S.A. |
181.74 |
184.56 |
187.46 |
189.32 |
185.77 |
|
Madeira Energia S.A. |
134.27 |
133.71 |
139.39 |
150.25 |
197.26 |
8.Extension of transmission lines - Km
8.1.Own assets
8.1.1.Transmission line
8.1.1.1. Transmission line– enterprises not affected by 12,783 Law
|
From - To |
Extension (km) |
Tension (kV) |
Operation |
End of Concession |
|
Ibiúna - Bateias Circuito 1 |
332.0 |
500 |
Mar/03 |
May/2031 |
|
Ibiúna - Bateias Circuito 2 |
332.0 |
500 |
Mar/03 |
Mai/2031 |
|
Tijuco Preto - Itapeti 3 |
21.0 |
345 |
Jan/13 |
Apr/2036 |
|
Tijuco Preto - Itapeti 4 |
21.0 |
345 |
Jan/13 |
Apr/2036 |
|
Itapeti - Nordeste |
29.0 |
345 |
Dec/14 |
Apr/2036 |
|
Campos - Macaé 3 |
90.0 |
345 |
Jun/10 |
Mar/2035 |
|
Batalha – Paracatu |
85.0 |
138 |
Sep/13 |
Aug/2041 |
|
Simplício - Rocha Leão 1 |
119.0 |
138 |
Jan/13 |
Aug/2041 |
|
Simplício - Rocha Leão 2 |
119.0 |
138 |
Jan/13 |
Aug/2041 |
|
Basic Network Total |
|
|
|
|
|
Total |
1,148.0 |
|
|
|
8.1.1.2. Transmission line– enterprises renewed in accordance with 12,783 - O&M
|
From - To |
Extension (km) |
Tension (kV) |
Operation |
End of Concession |
|
Foz do Iguaçu - Ivaiporã 1 |
322.0 |
765 |
Aug/89 |
Dec/42 |
|
Foz do Iguaçu - Ivaiporã 2 |
323.0 |
765 |
Dec/86 |
Dec/42 |
|
Foz do Iguaçu - Ivaiporã 3 |
331.0 |
765 |
Mar/99 |
Dec/42 |
|
Itaberá - Ivaiporã 1 |
265.0 |
765 |
Aug/89 |
Dec/42 |
|
Itaberá - Ivaiporã 2 |
264.0 |
765 |
Oct/82 |
Dec/42 |
|
Itaberá - Ivaiporã 3 |
272.0 |
765 |
May/00 |
Dec/42 |
|
Itaberá - Tijuco Preto 1 |
305.0 |
765 |
Jul/89 |
Dec/42 |
|
Itaberá - Tijuco Preto 2 |
304.0 |
765 |
Oct/82 |
Dec/42 |
|
Itaberá - Tijuco Preto 3 |
312.0 |
765 |
May/01 |
Dec/42 |
|
Subtotal 765 kV |
2,698.0 |
|
|
|
|
Foz do Iguaçu - Ibiúna Bipolo 1 |
792.0 |
600 |
Mar/85 |
Dec/42 |
|
Foz do Iguaçu - Ibiúna Bipolo 2 |
820.0 |
600 |
Aug/87 |
Dec/42 |
|
Subtotal 600 kV |
1,612.0 |
|
|
|
|
Adrianópolis - Baixada Fluminense |
19.0 |
500 |
Nov/13 |
Dec/42 |
|
Adrianópolis - Cachoeira Paulista 1 |
171.0 |
500 |
Feb/74 |
Dec/42 |
|
Adrianópolis – Grajaú |
55.0 |
500 |
Dec/77 |
Dec/42 |
|
Adrianópolis – Resende |
115.0 |
500 |
Dec/79 |
Dec/42 |
|
Adrianópolis - São José |
33.0 |
500 |
Aug/91 |
Dec/42 |
|
Angra - Cachoeira Paulista |
103.0 |
500 |
Jun/77 |
Dec/42 |
|
Angra - São José |
133.0 |
500 |
Dec/98 |
Dec/42 |
|
Angra - Zona Oeste |
97.5 |
500 |
Mar/11 |
Dec/42 |
|
Araraquara – Campinas |
171.0 |
500 |
Jul/76 |
Dec/42 |
|
Araraquara - Poços de Caldas |
176.0 |
500 |
Apr/76 |
Dec/42 |
|
54 |
|
|
|
From - To |
Extension (km) |
Tension (kV) |
Operation |
End of Concession |
|
Baixada Fluminense - Cachoeira Paulista |
160.5 |
500 |
Nov/13 |
Dec/42 |
|
Cachoeira Paulista - Campinas |
223.0 |
500 |
Sep/77 |
Dec/42 |
|
Cachoeira Paulista - Itajubá |
53.0 |
500 |
Jul/02 |
Dec/42 |
|
Cachoeira Paulista - Resende |
56.0 |
500 |
Dec/79 |
Dec/42 |
|
Cachoeira Paulista - Taubaté |
83.0 |
500 |
Jun/83 |
Dec/42 |
|
Cachoeira Paulista - Tijuco Preto |
181.0 |
500 |
Nov/88 |
Dec/42 |
|
Campinas - Itatiba 1 |
26.5 |
500 |
Mar/03 |
Dec/42 |
|
Grajaú - Zona Oeste |
79.0 |
500 |
Mar/11 |
Dec/42 |
|
Gurupi – Miracema |
255.0 |
500 |
Mar/99 |
Dec/42 |
|
Ibiúna - Itatiba 1 |
86.5 |
500 |
Mar/03 |
Dec/42 |
|
Itumbiara - São Simão |
166.0 |
500 |
Jan/79 |
Dec/42 |
|
Marimbondo - Água Vermelha |
172.0 |
500 |
Aug/79 |
Dec/42 |
|
Marimbondo - Araraquara 1 |
195.0 |
500 |
Apr/76 |
Dec/42 |
|
Marimbondo - Araraquara 2 |
194.0 |
500 |
Aug/76 |
Dec/42 |
|
Poços de Caldas – Itajubá |
139.0 |
500 |
Jul/02 |
Dec/42 |
|
Serra da Mesa – Gurupi |
256.0 |
500 |
Mar/99 |
Dec/42 |
|
Serra da Mesa - Samambaia 1 |
249.0 |
500 |
Mar/98 |
Dec/42 |
|
Serra da Mesa - Samambaia 2 |
248.5 |
500 |
Jan/99 |
Dec/42 |
|
Tijuco Preto - Taubaté |
108.5 |
500 |
Mar/84 |
Dec/42 |
|
Subtotal 500 kV |
4,005.0 |
|
|
|
|
Adrianópolis - Itutinga 1 |
199.0 |
345 |
Mar/68 |
Dec/42 |
|
Adrianópolis - Itutinga 2 |
199.0 |
345 |
Aug/70 |
Dec/42 |
|
Adrianópolis - Jacarepaguá 1 |
38.0 |
345 |
Mar/68 |
Dec/42 |
|
Adrianópolis - Jacarepaguá 2 |
38.0 |
345 |
Aug/70 |
Dec/42 |
|
Adrianópolis - Macaé |
177.0 |
345 |
Sep/02 |
Dec/42 |
|
Adrianópolis - Venda das Pedras |
107.0 |
345 |
Nov/10 |
Dec/42 |
|
Bandeirantes - Samambaia 1 |
157.0 |
345 |
Feb/99 |
Dec/42 |
|
Bandeirantes - Samambaia 2 |
155.0 |
345 |
Feb/99 |
Dec/42 |
|
Barro Branco - Ouro Preto |
59.0 |
345 |
Oct/13 |
Dec/42 |
|
Barro Branco - Padre Fialho |
104.5 |
345 |
Oct/13 |
Dec/42 |
|
Campinas - Guarulhos |
88.0 |
345 |
Feb/03 |
Dec/42 |
|
Campinas - Poços de Caldas |
126.0 |
345 |
Oct/72 |
Dec/42 |
|
Campos - Macaé 1 |
89.0 |
345 |
Nov/01 |
Dec/42 |
|
Campos - Macaé 2 |
89.0 |
345 |
Sep/02 |
Dec/42 |
|
Campos – Viana |
199.0 |
345 |
Dec/05 |
Dec/42 |
|
Campos – Vitória |
224.0 |
345 |
Oct/77 |
Dec/42 |
|
Corumbá - Brasília Sul |
254.0 |
345 |
Mar/97 |
Dec/42 |
|
Corumbá – Itumbiara |
79.0 |
345 |
Mar/97 |
Dec/42 |
|
Furnas - Estreito |
112.0 |
345 |
Feb/70 |
Dec/42 |
|
Furnas - Itutinga 1 |
198.0 |
345 |
Mar/68 |
Dec/42 |
|
Furnas - Itutinga 2 |
199.0 |
345 |
Dec/69 |
Dec/42 |
|
Furnas - Mascarenhas de Moraes |
104.0 |
345 |
May/68 |
Dec/42 |
|
Furnas – Pimenta |
66.0 |
345 |
Mar/67 |
Dec/42 |
|
Furnas - Poços de Caldas 1 |
131.0 |
345 |
Sep/63 |
Dec/42 |
|
Furnas - Poços de Caldas 2 |
131.0 |
345 |
Apr/65 |
Dec/42 |
|
Guarulhos - Ibiúna 1 |
75.0 |
345 |
Jun/90 |
Dec/42 |
|
Guarulhos - Ibiúna 2 |
75.0 |
345 |
Jul/90 |
Dec/42 |
|
Guarulhos – Nordeste |
35.0 |
345 |
Mar/64 |
Dec/42 |
|
Guarulhos - Poços de Caldas 1 |
182.0 |
345 |
Sep/63 |
Dec/42 |
|
Guarulhos - Poços de Caldas 2 |
184.0 |
345 |
Nov/66 |
Dec/42 |
|
Ibiúna - Tijuco Preto 1 |
97.0 |
345 |
Nov/83 |
Dec/42 |
|
Ibiúna - Tijuco Preto 2 |
97.0 |
345 |
Jul/84 |
Dec/42 |
|
Itumbiara - Bandeirantes 1 |
180.0 |
345 |
Jul/73 |
Dec/42 |
|
Itumbiara - Bandeirantes 2 |
180.0 |
345 |
Jul/77 |
Dec/42 |
|
Itumbiara - Porto Colômbia |
201.0 |
345 |
Jun/73 |
Dec/42 |
|
L.C.Barreto - Estreito 1 |
24.0 |
345 |
Mar/69 |
Dec/42 |
|
L.C.Barreto - Estreito 2 |
24.0 |
345 |
Feb/70 |
Dec/42 |
|
L.C.Barreto - Poços de Caldas 1 |
198.0 |
345 |
Nov/69 |
Dec/42 |
|
L.C.Barreto - Poços de Caldas 2 |
197.0 |
345 |
Sep/70 |
Dec/42 |
|
L.C.Barreto - Volta Grande |
112.0 |
345 |
Jun/73 |
Dec/42 |
|
Macaé - Venda das Pedras |
122.0 |
345 |
Nov/10 |
Dec/42 |
|
Marimbondo - Porto Colômbia |
77.0 |
345 |
Oct/75 |
Dec/42 |
|
Mascarenhas - Estreito |
13.0 |
345 |
Mar/69 |
Dec/42 |
|
Mogi – Atibaia |
64.5 |
345 |
Jan/13 |
Dec/42 |
|
Mogi – Nordeste |
25.0 |
345 |
Mar/64 |
Dec/42 |
|
Pimenta – Barreiro |
198.0 |
345 |
Mar/67 |
Dec/42 |
|
Poços de Caldas – Atibaia |
142.5 |
345 |
Jan/13 |
Dec/42 |
|
Porto Colômbia - Volta Grande |
45.0 |
345 |
Jun/73 |
Dec/42 |
|
Samambaia - Brasília Sul 1 |
12.5 |
345 |
Feb/99 |
Dec/42 |
|
55 |
|
|
|
From - To |
Extension (km) |
Tension (kV) |
Operation |
End of Concession |
|
Samambaia - Brasília Sul 2 |
15.0 |
345 |
Feb/99 |
Dec/42 |
|
Viana – Vitória |
26.0 |
345 |
Dec/05 |
Dec/42 |
|
Vitória - Padre Fialho |
220.5 |
345 |
Apr/13 |
Dec/42 |
|
Subtotal 345 kV |
6,144.5 |
|
|
|
|
Barro Alto – Niquelândia |
87.0 |
230 |
Oct/99 |
Dec/42 |
|
Brasília Geral - Brasília Sul 1 |
13.0 |
230 |
Oct/72 |
Dec/42 |
|
Brasília Geral - Brasília Sul 2 |
13.0 |
230 |
Sep/07 |
Dec/42 |
|
Barro Alto – Águas Lindas |
102.0 |
230 |
Mar/14 |
Dec/42 |
|
Águas Lindas – Brasília Sul |
30.0 |
230 |
Mar/14 |
Dec/42 |
|
Brasília Sul – Pirineus |
107.0 |
230 |
Sep/07 |
Dec/42 |
|
Itumbiara - Cachoeira Dourada |
44.0 |
230 |
Oct/73 |
Dec/42 |
|
Itumbiara - Rio Verde 1 |
208.0 |
230 |
Jan/86 |
Dec/42 |
|
Itumbiara - Rio Verde 2 |
202.0 |
230 |
Apr/92 |
Dec/42 |
|
Manso – Nobres |
66.0 |
230 |
May/98 |
Dec/42 |
|
Pirineus – Xavantes |
40.0 |
230 |
Nov/06 |
Dec/42 |
|
Rio Verde - Barra do Peixe 1 |
240.0 |
230 |
Nov/87 |
Dec/42 |
|
Rio Verde - Barra do Peixe 2 |
240.0 |
230 |
Feb/94 |
Dec/42 |
|
Rio Verde - Cachoeira Dourada 1 |
175.0 |
230 |
Dec/86 |
Dec/42 |
|
Rio Verde – Rondonópolis |
257.0 |
230 |
Nov/82 |
Dec/42 |
|
Serra da Mesa - Niquelândia |
105.0 |
230 |
Oct/99 |
Dec/42 |
|
Subtotal 230 kV |
1,929.0 |
|
|
|
|
Adrianópolis - Cepel 1 |
1.5 |
138 |
Apr/81 |
Dec/42 |
|
Adrianópolis - Cepel 2 |
1.5 |
138 |
Apr/81 |
Dec/42 |
|
Adrianópolis - Magé 1 |
48.0 |
138 |
Apr/73 |
Dec/42 |
|
Adrianópolis - Magé 2 |
48.0 |
138 |
Jan/73 |
Dec/42 |
|
Alcântara - Adrianópolis 1 |
19.5 |
138 |
Jul/76 |
Dec/42 |
|
Alcântara - Adrianópolis 2 |
20.0 |
138 |
Dec/98 |
Dec/42 |
|
Alcântara - Adrianópolis 3 |
20.0 |
138 |
Dec/98 |
Dec/42 |
|
Alcântara - Imbariê - Adrianópolis |
19.5 |
138 |
May/75 |
Dec/42 |
|
Angra - Angra (Ampla) |
34.0 |
138 |
Apr/71 |
Dec/42 |
|
Angra - Jacuacanga |
34.0 |
138 |
Oct/77 |
Dec/42 |
|
Angra - Santa Cruz |
96.0 |
138 |
Oct/77 |
Dec/42 |
|
Cachoeira Paulista - Volta Redonda 1 |
105.0 |
138 |
Nov/86 |
Dec/42 |
|
Cachoeira Paulista - Volta Redonda 2 |
105.0 |
138 |
Jun/87 |
Dec/42 |
|
Campos - Cachoeiro do Itapemirim 1 |
106.0 |
138 |
Feb/73 |
Dec/42 |
|
Campos - Cachoeiro do Itapemirim 2 |
106.0 |
138 |
Feb/73 |
Dec/42 |
|
Campos – Iriri |
97.0 |
138 |
Aug/73 |
Dec/42 |
|
Campos - Rocha Leão |
110.0 |
138 |
Feb/73 |
Dec/42 |
|
Couto Magalhães - Parque das Emas |
80.5 |
138 |
Nov/13 |
Dec/42 |
|
Iriri - Rocha Leão |
13.0 |
138 |
Aug/73 |
Dec/42 |
|
Jacarepaguá - Ari Franco |
10.0 |
138 |
Dec/67 |
Dec/42 |
|
Jacarepaguá – Cosmos |
24.0 |
138 |
Dec/67 |
Dec/42 |
|
Jacarepaguá - Mato Alto |
16.0 |
138 |
Sep/73 |
Dec/42 |
|
Jacarepaguá – Paciência |
23.0 |
138 |
Aug/14 |
Dec/42 |
|
Paciência – Palmares |
5.0 |
138 |
Aug/14 |
Dec/42 |
|
Jacarepaguá – ZIN |
33.0 |
138 |
Nov/72 |
Dec/42 |
|
Jacuacanga - Brisamar |
44.0 |
138 |
Oct/77 |
Dec/42 |
|
Manso – Nobres |
70.0 |
138 |
Apr/98 |
Dec/42 |
|
Muriqui - Angra (Ampla) |
36.0 |
138 |
Apr/71 |
Dec/42 |
|
Muriqui - Brisamar |
20.0 |
138 |
Apr/71 |
Dec/42 |
|
Palmares - Mato Alto |
13.0 |
138 |
Sep/73 |
Dec/42 |
|
Parque das Emas - Rio Claro |
87.5 |
138 |
Nov/13 |
Dec/42 |
|
Rio Verde - Cachoeira Dourada 2 |
174.0 |
138 |
Aug/77 |
Dec/42 |
|
Rio Verde - Rio Claro |
87.0 |
138 |
Nov/13 |
Dec/42 |
|
Rocha Leão - Magé 1 |
108.0 |
138 |
Jan/73 |
Dec/42 |
|
Rocha Leão - Magé 2 |
108.0 |
138 |
Jan/73 |
Dec/42 |
|
Santa Cruz - Brisamar 1 |
20.0 |
138 |
Oct/77 |
Dec/42 |
|
Santa Cruz - Brisamar 2 |
13.0 |
138 |
Apr/71 |
Dec/42 |
|
Santa Cruz - Jacarepaguá |
38.0 |
138 |
Oct/72 |
Dec/42 |
|
Santa Cruz - Palmares 1 |
14.0 |
138 |
Nov/72 |
Dec/42 |
|
Santa Cruz - Palmares 2 |
14.0 |
138 |
Sep/73 |
Dec/42 |
|
Santa Cruz – ZIN |
5.0 |
138 |
Nov/72 |
Dec/42 |
|
Santa Cruz - ZIN - Ari Franco |
31.0 |
138 |
Dec/67 |
Dec/42 |
|
Santa Cruz - ZIN - Cosmos |
17.0 |
138 |
Dec/67 |
Dec/42 |
|
São José - Imbariê 1 |
18.0 |
138 |
Dec/98 |
Dec/42 |
|
São José - Imbariê 2 |
18.0 |
138 |
Dec/98 |
Dec/42 |
|
São José - Magé 1 |
46.0 |
138 |
Jun/01 |
Dec/42 |
|
São José - Magé 2 |
46.0 |
138 |
Jun/01 |
Dec/42 |
|
TPU Campos - Campos 1 |
1.0 |
138 |
Jul/77 |
Dec/42 |
|
TPU Campos - Campos 2 |
1.0 |
138 |
Jul/87 |
Dec/42 |
|
Subtotal 138 kV |
2,.205.0 |
|
|
|
|
Eletrodo de Terra - Foz do Iguaçu 1 |
16.0 |
25 |
Apr/85 |
Dec/42 |
|
Eletrodo de Terra - Foz do Iguaçu 2 |
15.0 |
25 |
Aug/87 |
Dec/42 |
|
Eletrodo de Terra - Ibiúna 1 |
67.0 |
25 |
Apr/85 |
Dec/42 |
|
Eletrodo de Terra - Ibiúna 2 |
67.0 |
25 |
Aug/87 |
Dec/42 |
|
Subtotal 25 kV |
165.0 |
|
|
|
|
Basic Network Total |
|
|
|
|
|
General Total |
18,758.5 |
|
|
|
|
56 |
|
|
8.1.2.Substation
8.1.2.1. Substation – enterprises not affected by 12,783 Law
|
Substation |
Transformation capacity (MVA) |
Location |
Operation |
End of Operation |
|
Zona Oeste |
900,00 |
Rio de Janeiro/Rio de Janeiro |
Dec/14 |
May/42 |
|
Subtotal |
900,00 |
|
|
|
|
Substations Associated to plants |
Transformation capacity (MVA)(*) |
Location |
Operation |
End of Operation |
|
Batalha |
90.00 |
Paracatu/Minas Gerais |
Aug/06 |
Aug/41 |
|
Campos |
185.00 |
Campos dos Goytacazes/Rio de Janeiro |
Dec/68 |
Jul/27 |
|
Itumbiara |
5,074.99 |
Araporã/Minas Gerais |
Mar/73 |
Feb/20 |
|
Manso |
312.50 |
Chapada dos Guimarães/Mato Grosso |
Nov/00 |
Feb/35 |
|
Mascarenhas de Moraes |
1,820.99 |
Ibiraci/Minas Gerais |
Dec/56 |
Oct/23 |
|
Santa Cruz (**) |
1,544.00 |
Rio de Janeiro/Rio de Janeiro |
Jun/67 |
Jul/15 |
|
São Gonçalo |
42.50 |
São Gonçalo/Rio de Janeiro |
Jul/77 |
(***) |
|
Serra da Mesa |
2,693.08 |
Minaçu/Goiás |
Mar/98 |
Nov/39 |
|
Simplício |
497.50 |
Sapucaia/Rio de Janeiro |
Aug/06 |
Aug/41 |
|
Subtotal |
12,260.56 |
|
|
|
|
Total |
13,160.56 |
|
|
|
(*) Total Transformation Capacity (MVA Total) = operating capacity + capacity + capacity in reserve review.
(**) Affected but not yet extended.
(***) Extension denied.
8.1.2.2. Substation– enterprises renewed in accordance with 12,783 - O&M
|
Substation |
Transformation capacity (MVA) |
Location |
Operation |
End of Operation |
|
Adrianópolis |
3,289.96 |
Nova Iguaçu/Rio de Janeiro |
Nov/70 |
Dec/42 |
|
Angra |
967.07 |
Angra dos Reis/Rio de Janeiro |
Apr/71 |
Dec/42 |
|
Araraquara |
- |
Araraquara/São Paulo |
Apr/76 |
Dec/42 |
|
Bandeirantes |
1,433.33 |
Aparecida de Goiânia/Goiás |
Oct/72 |
Dec/42 |
|
Barro Alto |
149.66 |
Barro Alto/Goiás |
Mar/82 |
Dec/42 |
|
Brasília Geral |
300.00 |
Brasília/Brasília |
Feb/60 |
Dec/42 |
|
Brasília Sul |
2,094.20 |
Taguatinga/Brasília |
Mar/73 |
Dec/42 |
|
Cachoeira Paulista |
583.30 |
Cachoeira Paulista/São Paulo |
Oct/76 |
Dec/42 |
|
Campinas |
1,970.00 |
Campinas/São Paulo |
Sep/72 |
Dec/42 |
|
Campos |
1,283.33 |
Campos dos Goytacazes/Rio de Janeiro |
Feb/73 |
Dec/42 |
|
Foz do Iguaçu |
15,968.00 |
Foz do Iguaçu/Paraná |
Dec/82 |
Dec/42 |
|
Grajaú |
2,800.00 |
Rio de Janeiro/Rio de Janeiro |
Dec/79 |
Dec/42 |
|
Guarulhos |
- |
São Paulo/São Paulo |
Sep/63 |
Dec/42 |
|
Gurupi |
- |
Gurupi/Tocantins |
Mar/99 |
Dec/42 |
|
Ibiúna |
11,600.40 |
Ibiúna/São Paulo |
Apr/84 |
Dec/42 |
|
Imbariê |
- |
Duque de Caxias/Rio de Janeiro |
Oct/68 |
Dec/42 |
|
Iriri |
- |
Macaé/Rio de Janeiro |
Oct/09 |
Dec/42 |
|
Itabera |
- |
Itaberá/São Paulo |
Sep/82 |
Dec/42 |
|
Itutinga |
- |
Itutinga/Minas Gerais |
Apr/67 |
Dec/42 |
|
Ivaiporã |
11,006.00 |
Manoel Ribas/Paraná |
Oct/82 |
Dec/42 |
|
Jacarepaguá |
1,350.00 |
Rio de Janeiro/Rio de Janeiro |
Dec/67 |
Dec/42 |
|
Macaé |
- |
Macaé/Rio de Janeiro |
Nov/01 |
Dec/42 |
|
Mogi das Cruzes |
1,166.66 |
Mogi das Cruzes/São Paulo |
Mar/64 |
Dec/42 |
|
Niquelândia |
- |
Niquelândia/Goiás |
Oct/99 |
Dec/42 |
|
Pirineus |
- |
Anápolis/Goiás |
Nov/06 |
Dec/42 |
|
Poços de Caldas |
1,846.66 |
Poços de Caldas/Minas Gerais |
Sep/63 |
Dec/42 |
|
Resende |
- |
Resende/Rio de Janeiro |
Apr/09 |
Dec/42 |
|
Rio Verde |
333.33 |
Rio Verde/Goiás |
Dec/75 |
Dec/42 |
|
Rocha Leão |
- |
Rio das Ostras/Rio de Janeiro |
Dec/72 |
Dec/42 |
|
Samambaia |
4,250.00 |
Brasília/Distrito Federal |
Mar/98 |
Dec/42 |
|
São José |
2,600.00 |
Belfort Roxo/Rio de Janeiro |
Aug/91 |
Dec/42 |
|
Tijuco Preto |
17,014.70 |
Mogi das Cruzes/São Paulo |
Sep/82 |
Dec/42 |
|
Viana |
750.00 |
Viana/Espirito Santo |
Dec/05 |
Dec/42 |
|
Vitória |
1,044.20 |
Serra/Espirito Santo |
Nov/78 |
Dec/42 |
|
Subtotal |
83,800.80 |
|
|
|
|
57 |
|
|
|
Substations associated to plants |
Transformation capacity (MVA)(*) |
Location |
Operation |
End of Operation |
|
Corumbá |
556.00 |
Caldas Novas/Goiás |
Mar/97 |
Dec/42 |
|
Funil |
300.00 |
Itatiaia/Rio de Janeiro |
Dec/69 |
Dec/42 |
|
Furnas |
1,399.17 |
São José da Barra/Minas Gerais |
Sep/63 |
Dec/42 |
|
Luiz C. Barreto |
1,333.32 |
Pedregulho/São Paulo |
Mar/69 |
Dec/42 |
|
Marimbondo |
2,393.32 |
Fronteira/Minas Gerais |
Aug/75 |
Dec/42 |
|
Porto Colômbia |
425.00 |
Planura/Minas Gerais |
Jul/73 |
Dec/42 |
|
Subtotal |
6,406.81 |
|
|
|
|
Total |
90,207.61 |
|
|
|
(*)Total Transformation Capacity (MVA Total) = operating capacity + capacity + capacity in reserve review.
8.2.SPE
8.2.1. Transmission lines
|
SPE |
Object (From - To) |
Participation (%) |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Baguari Energia S.A. |
HPU Baguari - SS Baguari |
15.0 |
0.80 |
230 |
Feb/10 |
Aug/41 |
|
Baguari Energia S.A. |
SS Baguari - Mesquita – Governador Valadares |
15.0 |
2.50 |
230 |
Apr/10 |
Aug/41 |
|
Baguari Energia S.A. |
SS Baguari – Mesquita |
15.0 |
69.00 |
230 |
Apr/10 |
Aug/41 |
|
Baguari Energia S.A. |
SS Baguari - Gov. Valadares |
15.0 |
26.00 |
230 |
Apr/10 |
Aug/41 |
|
Centroeste de Minas |
Furnas – Pimenta II |
49.0 |
62.70 |
345 |
Mar/10 |
Mar/35 |
|
Chapecoense Geração S.A. |
SS Foz do Chapecó – Gurita |
40.0 |
72.60 |
230 |
Mar/11 |
Nov/36 |
|
Chapecoense Geração S.A. |
SS Foz do Chapecó – SS Xanxerê |
40.0 |
77.60 |
230 |
Mar/11 |
Nov/36 |
|
Chapecoense Geração S.A. |
HPU Foz do Chapecó – SS de Foz do Chapecó |
40.0 |
1.00 |
230 |
Mar/11 |
Nov/36 |
|
Enerpeixe S.A. |
Peixe Angical – Peixe 2 |
40.0 |
17.00 |
500 |
Apr/06 |
Nov/36 |
|
Goiás Transmissão S.A. |
Rio Verde Norte – Trindade |
49.0 |
193.00 |
500 |
Dec/13 |
Feb/40 |
|
Goiás Transmissão S.A. |
Trindade – Xavantes |
49.0 |
37.00 |
230 |
Dec/13 |
Feb/40 |
|
Goiás Transmissão S.A. |
Trindade – Carajás |
49.0 |
29.00 |
230 |
Oct/13 |
Feb/40 |
|
MGE Transmissão S.A. |
Mesquita - Viana 2 |
49.0 |
248.00 |
500 |
Jun/14 |
Jul/40 |
|
MGE Transmissão S.A. |
Viana 2 – Viana |
49.0 |
10.00 |
345 |
Jun/14 |
Jul/40 |
|
Interligação Elétrica do Madeira S.A. |
Coletora Porto Velho-Araraquara II (Lot D) |
24.5 |
2,375.00 |
600 |
Aug/13 |
Feb/39 |
|
Retiro Baixo Energética S.A. |
HPU Retiro Baixo – SS Curvelo |
49.0 |
45.00 |
138 |
Oct/10 |
Aug/41 |
|
Serra do Facão Energia S.A. |
HPU Serra do Facão – SS Celg de Catalão |
49.5 |
32.00 |
138 |
Oct/10 |
Nov/36 |
|
Transenergia Renovável S.A. |
Barra dos Coqueiros – Quirinópolis |
49.0 |
52.30 |
230 |
Apr/11 |
Apr/39 |
|
Transenergia Renovável S.A. |
Quirinópolis - TPU Quirinópolis |
49.0 |
34.40 |
138 |
May/11 |
Jun/25 |
|
Transenergia Renovável S.A. |
Quirinópolis - TPU Boavista |
49.0 |
16.70 |
138 |
May/11 |
Jun/25 |
|
Transenergia Renovável S.A. |
Chapadão – Jataí |
49.0 |
131.50 |
230 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A. |
Jataí – Mineiros |
49.0 |
61.40 |
138 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A. |
Jataí - TPU Jataí |
49.0 |
51.20 |
138 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A. |
Jataí - TPU Água Emendada |
49.0 |
32.60 |
138 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A. |
Mineiros - Morro Vermelho |
49.0 |
45.20 |
138 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A. |
Morro Vermelho - TPU Morro Vermelho |
49.0 |
31.00 |
138 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A. |
Morro Vermelho - TPU Alto Taquari |
49.0 |
30.20 |
138 |
Jun/13 |
Jun/25 |
|
Transenergia Renovável S.A. |
Palmeiras – Edéia |
49.0 |
57.00 |
230 |
May/13 |
Jun/25 |
|
Transenergia Renovável S.A. |
Edéia - TPU Tropical Bionenergia I |
49.0 |
48.70 |
138 |
May/13 |
Jun/25 |
|
Transirapé |
Irapé – Araçuaí |
24.5 |
65.00 |
230 |
May/07 |
Dec/34 |
|
Transleste |
Montes Claros – Irapé |
24.5 |
138.00 |
345 |
Dec/06 |
Feb/34 |
|
Transudeste |
Itutinga – Juiz de Fora |
25.0 |
140.00 |
345 |
Feb/07 |
Oct/34 |
|
Total |
|
|
4,233.40 |
|
|
|
|
58 |
|
|
8.2.2 Substations
|
SPE |
Substation |
Transformation Capacity (MVA) |
Participation (%) |
Beginning of Operation |
End Operation |
|
Baguari Energia S.A. |
SS da Usina de Baguari |
155.60 |
15.00 |
Aug/06 |
Aug/41 |
|
Caldas Novas Transmissão S.A. |
Corumbá |
150.00 |
49.90 |
Aug/13 |
Jun/41 |
|
ChapecoenSS Geração S.A |
SS da Usina de Foz do Chapecó |
978.00 |
40.00 |
Nov/01 |
Nov/36 |
|
Enerpeixe S.A. |
SS da Usina de Peixe Angical |
525.00 |
40.00 |
Nov/01 |
Nov/36 |
|
Goiás Transmissão S.A. |
Trindade |
400.00 |
49.00 |
Nov/13 |
Jul/40 |
|
Luziânia Niquelândia Transmissora S.A. |
Luziânia |
300.00 |
49.00 |
Jun/14 |
May/42 |
|
Madeira Energia S.A. |
SS da Usina de Santo Antônio |
3.630.00 |
39.00 |
Aug/07 |
Jun/43 |
|
MGE Transmissão S.A. |
Viana 2 |
900.00 |
49.00 |
Aug/14 |
Jul/40 |
|
Retiro Baixo Energética S.A. |
SS da Usina de Retiro Baixo |
100.00 |
49.00 |
Aug/06 |
Aug/41 |
|
SSrra do Facão Energia S.A. |
SS da Usina de SSrra do Facão |
236.40 |
49.47 |
Nov/01 |
Nov/36 |
|
Transenergia Renovável S.A |
Edéia |
150.00 |
49.00 |
Feb/12 |
Jun/25 |
|
Transenergia Renovável S.A |
Jataí |
225.00 |
49.00 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A |
Mineiros |
- |
49.00 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A |
Morro Vermelho |
- |
49.00 |
Dec/12 |
Jun/25 |
|
Transenergia Renovável S.A |
Quirinópolis |
225.00 |
49.00 |
Apr/11 |
Jun/25 |
|
Transenergia São Paulo S.A |
Itatiba |
800.00 |
49.00 |
Aug/12 |
Nov/39 |
|
Interligação Elétrica do Madeira S.A. |
Retifier Station nº 2 CA/CC 500/+-600 kV (Lot F) |
3,150.00 |
24.50 |
May/14 |
Feb/39 |
|
Interligação Elétrica do Madeira S.A. |
Inverter Station nº 2 CA/CC +-600 /500 kV (Lot F) |
2,950.00 |
24.50 |
May/14 |
Feb/39 |
|
Total |
|
14,875.00 |
|
|
|
9. Transmission losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2.09 |
2.19 |
2.32 |
2.15 |
2.19 |
10. Main investments of parent company– R$ Million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
1st Revision 2014 |
|
Installation of Combined Cycle TPU Santa Cruz (RJ)/Capacity expansion of Sta. Cruz Thermal Unit (RJ) |
143,573 |
54,772 |
11,526,993 |
7,863,222 |
75,000,000 |
|
Installation of HPU Batalha (Paulista) (MG/GO) |
3,697,734 |
4,211,695 |
7,877,880 |
5,141,974 |
29,706,852 |
|
Installation of HPU Simplício and SHU Anta (RJ) |
6,862,629 |
1,744,736 |
4,441,732 |
7,090,496 |
43,028,206 |
|
Modernization of HPU Furnas (MG) |
9,987,075 |
9,527,466 |
6,915,232 |
17,706,533 |
56,816,722 |
|
Maintenance of the generation system |
2,673,421 |
4,454,633 |
5,221,232 |
34,804,982 |
59,175,224 |
|
Extension of generation system |
- |
- |
- |
- |
100,000 |
|
Deployment of wind farms |
- |
- |
- |
- |
28,840,836 |
|
Implementation of UTE biomass |
- |
- |
- |
- |
100,000 |
|
Extension of generation capacity |
- |
- |
- |
- |
100,000 |
|
Transmission |
|
|
|
|
|
|
Transmission System Bom Despacho – Ouro Preto |
3,515,448 |
8,858,875 |
4,657,808 |
3,446,620 |
21,717,886 |
|
Installation of Transmission Line Tijuco Preto-Itapeti-Nordeste |
5,592,902 |
6,690,040 |
4,974,090 |
4,690,742 |
21,468,376 |
|
Installation of Transmission System Mascarenhas - Linhares |
2,027,209 |
703,035 |
4,524,979 |
9,169,094 |
30,294,939 |
|
Reinforcement of Transmission System |
14,775,114 |
43,365,735 |
61,458,636 |
103,425,774 |
320,769,676 |
|
Transmission System maintenance |
37,512,106 |
64,240,115 |
76,629,343 |
119,327,533 |
434,997,984 |
|
Extension of transmission System |
6,316,239 |
6,483,664 |
6,241,398 |
7,677,272 |
45,058,633 |
|
Others |
|
|
|
|
|
|
Maintenance of real estate |
322,506 |
698,343 |
1,114,073 |
3,487,518 |
12,010,235 |
|
Maintenance of real estate, vehicles, turbines and equipment |
3,234,740 |
10,798,654 |
5,264,260 |
23,969,839 |
52,139,871 |
|
Maintenance of info technology assets |
2,424,953 |
6,039,006 |
4,921,490 |
16,147,316 |
40,074,923 |
|
Environmental preservation and conservation of generation and transmission |
1,259,178 |
2,219,518 |
3,900,272 |
5,120,987 |
24,995,028 |
|
TOTAL |
100,344,826 |
170,090,288 |
209,669,416 |
369,070,338 |
1,296,395,391 |
|
59 |
|
|
Marketletter
11.New investments
11.1.Generation
11.1.1.Own assets
|
Unit Own assets |
Location (State) |
Investiment (R$ million) |
Installed capacity (MW) |
Guaranteed Energy (MW) |
Beginning of Operation |
Beginning of Construction |
End of Concession | |
|
Total |
Up to 4Q14 | |||||||
|
SPU Anta |
RJ/MG |
2,296.60 Basis: Dec/08 |
2,472(*) |
28 |
191.3(*) |
SPU Anta: Schedule Mac 1 Jan/2015 and Mac 2 Jun/2015 |
Mar/07
|
Aug/41
|
(*)Includes Simplicio, which is already under operation.
|
60 |
|
|
11.1.2.SPE
|
SPE |
Unit |
Location (State) |
Instaled Capacity (MW) |
Assured energy |
Beginning of Operation |
Beginning of Construction |
End of Concession |
|
Cia. Hidrelétrica Teles Pires |
HPU Teles Pires |
MT |
1,819.8 |
915.4 |
Apr/15 |
Aug/11 |
Jun/46 |
|
Madeira Energia S.A. |
HPU Santo Antônio |
MT |
3,568.3 |
2,424.2 |
Mar/12 |
Aug/08 |
Jun/43 |
|
Empresa de Energia São Manoel S.A. |
HPU São Manoel |
MT/PA |
700.0 |
421.7 |
May/18 |
Aug/14 |
Apr/49 |
|
Central Geradora Eólica Famosa I S.A. (*) |
Famosa I |
RN |
22.5 |
11.1 |
Jul/15 |
Jul/14 |
May/47 |
|
Central Geradora Eólica Pau Brasil S.A. (*) |
Pau Brasil |
CE |
15.0 |
7.7 |
Jul/15 |
Jul/14 |
Mar/47 |
|
Central Geradora Eólica Rosada S.A. |
Rosada |
RN |
30.0 |
13.4 |
Jul/15 |
Jul/14 |
May/47 |
|
Central Geradora Eólica São Paulo S.A. (*) |
São Paulo |
CE |
17.5 |
8.1 |
jul/15 |
Jul/14 |
Mar/47 |
|
Energia dos Ventos I (*) |
Goiabeira |
CE |
19.2 |
9.9 |
Nov/16 (***) |
Jun/15 |
Jul/47 |
|
Energia dos Ventos II (*) |
Ubatuba |
CE |
12.6 |
5.8 |
Aug/16 (***) |
Apr/15 |
Jul/47 |
|
Energia dos Ventos III (*) |
Santa Catarina |
CE |
16.0 |
8.5 |
Jun/16 (***) |
Apr/15 |
Jul/47 |
|
Energia dos Ventos IV (*) |
Pitombeira |
CE |
27.0 |
13.9 |
Nov/16 (***) |
Apr/15 |
Jul/47 |
|
Energia dos Ventos V (*) |
São Januário |
CE |
19.2 |
9.0 |
Feb/17 (***) |
Apr/15 |
Jun/47 |
|
Energia dos Ventos VI (*) |
Nossa Senhora de Fátima |
CE |
28.8 |
12.8 |
Apr/17 (***) |
Apr/15 |
Aug/47 |
|
Energia dos Ventos VII (*) |
Jandaia |
CE |
28.8 |
14.1 |
May/17 (***) |
Apr/15 |
Aug/47 |
|
Energia dos Ventos VIII (*) |
São Clemente |
CE |
19.2 |
9.3 |
Jan/17 (***) |
Apr/15 |
Jul/47 |
|
Energia dos Ventos IX (*) |
Jandaia I |
CE |
14.4 |
9.9 |
Nov/16 (***) |
Nov/16 |
Jul/47 |
|
Energia dos Ventos X (*) |
Ventos de Horizonte |
CE |
19.2 |
7.3 |
Oct/16 (***) |
Oct/14 |
Jul/47 |
|
Bom Jesus Eólica S.A. |
Bom Jesus |
CE |
18.0 |
8.1 |
Sep/15 |
Oct/14 |
Apr/49 |
|
Cachoeira Eólica S.A. |
Cachoeira |
CE |
12.0 |
5.0 |
Sep/15 |
Oct/14 |
Apr/49 |
|
Pitimbu Eólica S.A. |
Pitimbu |
CE |
18.0 |
7.2 |
Sep/15 |
Oct/14 |
Mar/49 |
|
São Caetano Eólica S.A.(*) |
São Caetano |
CE |
25.2 |
11.0 |
Sep/15 |
Oct/14 |
Apr/49 |
|
São Caetano I Eólica S.A. |
São Caetano I |
CE |
18.0 |
7.7 |
Sep/15 |
Oct/14 |
Apr/49 |
|
São Galvão Eólica S.A.(*) |
São Galvão |
CE |
22.0 |
9.5 |
Sep/15 |
Oct/14 |
Mar/49 |
|
Carnaúba I Eólica S.A. |
Carnaúba I |
RN |
22.0 |
9.4 |
Sep/15 |
Oct/14 |
Jul/49 |
|
Carnaúba II Eólica S.A. |
Carnaúba II |
RN |
18.0 |
7.3 |
Sep/15 |
Oct/14 |
Jul/49 |
|
Carnaúba III Eólica S.A. |
Carnaúba III |
RN |
16.0 |
7.5 |
Sep/15 |
Oct/14 |
Jul/49 |
|
Carnaúba V Eólica S.A. |
Carnaúba V |
RN |
24.0 |
10.1 |
Sep/15 |
Oct/14 |
Jul/49 |
|
Cervantes I Eólica S.A. |
Cervantes I |
RN |
16.0 |
7.1 |
Sep/15 |
Oct/14 |
Jul/49 |
|
Consórcio Ouro Verde II |
Ouro Verde II |
RN |
28.0 |
11.2 |
May/18 |
Dec/16 |
Nov/49 |
|
Consórcio Ouro Verde III |
Ouro Verde III |
RN |
24.0 |
9.4 |
May/18 |
Dec/16 |
Nov/49 |
|
Consórcio Santa Rosa |
Santa Rosa |
CE |
20.0 |
8.4 |
May/18 |
Dec/16 |
Oct/49 |
|
Consórcio Uirapuru |
Uirapuru |
CE |
28.0 |
12.6 |
May/18 |
Oct/16 |
Oct/49 |
|
Consórcio Ventos do Angelim |
Ventos de Angelim |
CE |
22.0 |
10.3 |
May/18 |
Dec/16 |
Nov/49 |
|
Consórcio Serra do Mel |
Serra do Mel I |
RN |
28.0 |
13.0 |
May/18 |
Jun/17 |
Oct/49 |
|
Consórcio Serra do Mel |
Serra do Mel II |
RN |
28.0 |
12.8 |
May/18 |
Jun/17 |
Oct/49 |
|
Consórcio Serra do Mel |
Serra do Mel III |
RN |
28.0 |
12.5 |
May/18 |
Jun/17 |
Nov/49 |
|
Geradora Eólica Itaguaçu da Bahia SPE S.A.(*) |
Itaguaçu da Bahia |
BA |
28.0 |
14.0 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de Santa Luiza SPE S.A. (*) |
Ventos de Santa Luiza |
BA |
28.0 |
14.2 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de Santa Madalena SPE S.A.(*) |
Ventos de Santa Madalena |
BA |
28.0 |
14.7 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de Santa Marcella SPE S.A. (*) |
Ventos de Santa Marcella |
BA |
28.0 |
13.6 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de Santa Vera SPE S.A. (*) |
Ventos de Santa Vera |
BA |
28.0 |
15.2 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de Santo Antônio SPE S.A.(*) |
Ventos de Santo Antônio |
BA |
28.0 |
16.1 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de São Bento SPE S.A. (*) |
Ventos de São Bento |
BA |
28.0 |
14.4 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de São Cirilo SPE S.A. (*) |
Ventos de São Cirilo |
BA |
28.0 |
14.7 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de São João SPE S.A.(*) |
Ventos de São João |
BA |
28.0 |
15.0 |
May/18 |
Mar/17 |
Sep/49 |
|
Geradora Eólica Ventos de São Rafael SPE S.A. (*) |
Ventos de São Rafael |
BA |
28.0 |
13.8 |
May/18 |
Mar/17 |
Sep/49 |
|
Tijoá Participações e Investimentos S.A. |
HPU Três Irmãos |
SP |
807.5 |
217.5 |
Oct/14 |
(**) |
Oct/44 |
|
61 |
|
|
11.1.2.1 SPE
|
SPE |
Unit |
Investiment (R$ million) |
Working Schedule (%) |
Participation (%) |
Partners | |
|
Total |
Up to 4Q14 (Only Furnas) | |||||
|
Cia. Hidrelétrica Teles Pires |
HPU Teles Pires |
4,512
|
167.2 |
92.07 |
24.5 |
Eletrosul (24.5%) Neoenergia (50.10%) Odebrecht Part. Invest. (0.9%) |
|
Madeira Energia S.A. |
HPU Santo Antônio |
20,587.0 |
3,732.6 |
92.55 |
39.0 |
Odebrecth Energia (18.6%) Cemig (10.0%) Andrade Gutierrez (12.4%) Fundo de Invest. e Participações Amazônia Energia (20.0%) |
|
Empresa de Energia São Manoel S.A. |
HPU São Manoel |
2,745.0 |
n/a |
n/a |
33.333 |
EDP – Energias do Brasil S.A. (66.667%) |
|
CGE Famosa I S.A.* |
Famosa I |
85.8 |
8.3 |
2.5 |
49.0 |
Empresa Brasileira de Desenvolvimento e Participações S.A. (35.70%) Comercial Mineira S.A (15.25%) Ventos Tecnologia Elétrica S.A. (0.05%) |
|
CGE Pau Brasil S.A.* |
Pau Brasil |
57.2 |
5.5 |
2.5 |
49.0 |
Empresa Brasileira de Desenvolvimento e Participações S.A. (35.70%) Comercial Mineira S.A (15.25%) Ventos Tecnologia Elétrica S.A. (0.05%) |
|
CGE Rosada S.A.* |
Rosada |
107.3 |
10.4 |
2.5 |
49.0 |
Empresa Brasileira de Desenvolvimento e Participações S.A. (35.70%) Comercial Mineira S.A (15.25%) Ventos Tecnologia Elétrica S.A. (0.05%) |
|
CGE São Paulo S.A.* |
São Paulo |
64.4 |
6.2 |
2.5 |
49.0 |
Empresa Brasileira de Desenvolvimento e Participações S.A. (35.70%) Comercial Mineira S.A (15.25%) Ventos Tecnologia Elétrica S.A. (0.05%) |
|
Energia dos Ventos I* |
Goiabeira |
85.2 |
7.3 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Goiabeira (0.01%) |
|
Energia dos Ventos II* |
Ubatuba |
47.3 |
4.5 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Ubatuba (0.01%) |
|
Energia dos Ventos III* |
Santa Catarina |
75.8 |
6.5 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Santa Catarina (0.01%) |
|
Energia dos Ventos IV* |
Pitombeira |
113.6 |
9.6 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Pitombeira (0.01%) |
|
Energia dos Ventos V* |
São Januário |
85.2 |
7.7 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica São Januário (0.01%) |
|
Energia dos Ventos VI* |
Nossa Senhora de Fátima |
113.6 |
10.5 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Nossa Senhora de Fátima (0.01%) |
|
Energia dos Ventos VII* |
Jandaia |
113.6 |
10.6 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Jandaia (0.01%) |
|
Energia dos Ventos VIII* |
São Clemente |
85.2 |
7.7 |
12.0 |
49.0 |
Alupar (49%) Central Eólica São Clemente (0.01%) |
|
Energia dos Ventos IX* |
Jandaia I |
85.2 |
7.8 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Jandaia I (0.01%) |
|
Energia dos Ventos X* |
Ventos de Horizonte |
66.3 |
5.9 |
12.0 |
49.0 |
Alupar (50.99%) Central Eólica Horizonte (0.01%) |
|
Bom Jesus Eólica S.A. |
Bom Jesus |
78.6 |
7.2 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Cachoeira Eólica S.A. |
Cachoeira |
52.4 |
4.8 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Pitimbu Eólica S.A. |
Pitimbu |
78.6 |
7.2 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
São Caetano Eólica S.A. |
São Caetano |
113.6 |
10.3 |
19 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
São Caetano I Eólica S.A |
São Caetano I |
78.6 |
7.2 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
62 |
|
|
|
SPE |
Unit |
Investiment (R$ million) |
Working Schedule (%) |
Participation (%) |
Partners | |
|
Total |
Up to 4Q14 (Only Furnas) | |||||
|
São Galvão Eólica S.A. |
São Galvão |
104.8 |
9.5 |
20 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Carnaúba I Eólica S.A. |
Carnaúba I |
93.3 |
8.4 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Carnaúba II Eólica S.A. |
Carnaúba II |
76.4 |
6.9 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Carnaúba III Eólica S.A. |
Carnaúba III |
67.9 |
6.1 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Carnaúba V Eólica S.A. |
Carnaúba V |
101.8 |
9.2 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Cervantes I Eólica S.A. |
Cervantes I |
67.9 |
6.1 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Cervantes II Eólica S.A. |
Cervantes II |
50.9 |
4.6 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Punaú I Eólica S.A. |
Punaú I |
101.8 |
9.2 |
18 |
49.00 |
Fundo de Investimento em Participações Caixa Milão (50.99%) |
|
Consórcio Arara Azul |
Arara Azul |
98.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Bentevi |
Bentevi |
55.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Ouro Verde I |
Ouro Verde I |
98.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Ouro Verde II |
Ouro Verde II |
106.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Ouro Verde III |
Ouro Verde III |
89.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
63 |
|
|
|
SPE |
Unit |
Investiment (R$ million) |
Working Schedule (%) |
Participation (%) |
Partners | |
|
Total |
Up to 4Q14 (Only Furnas) | |||||
|
Consórcio Santa Rosa |
Santa Rosa |
79.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Uirapuru |
Uirapuru |
107.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Ventos do Angelim |
Ventos de Angelim |
91.0 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (7.0%) |
|
Consórcio Serra do Mel |
Serra do Mel I |
135.3 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (9.99%) |
|
Consórcio Serra do Mel |
Serra do Mel II |
135.3 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (9.99%) |
|
Consórcio Serra do Mel |
Serra do Mel III |
135.3 |
- |
- |
90.00 |
Eólica Tecnologia LTDA (9.99%) |
|
Geradora Eólica Itaguaçu da Bahia SPE S.A. |
Parque Itaguaçu da Bahia |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos Santa Luiza SPE S.A. |
Parque Ventos de Santa Luiza |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%)
|
|
Geradora Eólica Ventos Santa Madalena SPE S.A. |
Parque Ventos de Santa Madalena |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos Santa Marcella SPE S.A. |
Partque Ventos de Santa Marcella |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos Santa Vera SPE S.A. |
Parque Ventos de Santa Vera |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos Santo Antônio SPE S.A. |
Parque Ventos de Santo Antônio |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos São Bento SPE S.A. |
Parque Ventos de São Bento |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos São Cirilo SPE S.A. |
Parque Ventos de São Cirilo |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos São João SPE S.A. |
Parque Ventos de São João |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
Geradora Eólica Ventos São Rafael SPE S.A. |
Parque Ventos de São Rafael |
144.9 |
1.2 |
1.8 |
49.00 |
Salus Fundo de Investimento em Participações (49.0%) |
|
64 |
|
|
11.2.Transmission
11.2.1.Own assets
11.2.1.1.Transmission lines
|
Own lines From – to |
Total of Investment (R$ million) |
Investment up to 4Q14 (R$ million) |
Extension (km) |
Tension (kV) |
Operation |
End of Concession |
|
TL Bom Despacho 3 – Ouro Preto 2 * |
120.1 Basis: Dec/08 |
144.90 |
180 |
500 |
** |
Jan/39 |
|
TL Mascarenhas – Linhares and SS Linhares *** |
67.20 Basis: Nov/09 |
37.06 |
99 |
230 |
Oct/15 |
Jul/40 |
|
TL Xavantes – Pirineus |
31.18 Basis: Sep/11 |
16.46 |
50 |
230 |
Jun/16 |
Dec/41 |
|
TL Bom Despacho 3 – Ouro Preto 2 * |
120.1 Basis: Dec/08 |
144.90 |
180 |
500 |
** |
Jan/39 |
* Includes, besides the 500 kV Good Order 3 - Black Gold 2 , the SSs Good Order 3 ( Cemig ) - C and Ouro Preto 2 ( Cemig ) - 3A .
** It is ready to go into commercial Operation , only awaiting the issuance of the Operating License .
*** Includes, besides the 230 kV Mascarenhas - Linhares , SSs Mascarenhas ( Escelsa ) and Linhares ( Escelsa ) .
|
65 |
|
|
11.2.1.2.Substations – N/A
11.2.2.SPEs
11.2.2.1.Transmission lines
|
SPE |
Object (From - To) |
Participation (%) |
Total of Investment (R$ million) |
Investment up to 4Q14 (R$ million) |
Extension (Km) |
Tension (kV) |
Operation |
End of Concession |
|
Transenergia Goiás S.A. |
Serra da Mesa – Niquelândia |
49 |
130.00 |
6.89 |
100 |
230 |
Dec/15
Aug/15 |
Nov/39 |
|
Niquelândia - Barro Alto |
88 |
230 | ||||||
|
Triângulo Mineiro Transmissora S.A. |
Marimbondo II - Assis |
49 |
324.84 |
46.1 |
296.5 |
500 |
Dec/15 |
Aug/43 |
|
Paranaíba Transmissora de Energia S.A. |
Barreiras II - Rio das Éguas |
24,5 |
917.58 |
125.0 |
244 |
500 |
May/16 |
May/43 |
|
Rio das Éguas - Luziânia |
373 | |||||||
|
Luziânia - Pirapora II |
350 | |||||||
|
Lago Azul Transmissora S.A. |
Barro Alto - Itapaci |
49.9 |
32.63 |
1.35 |
69 |
230 |
Sep/16 |
Feb/44 |
|
Mata de Santa Genebra Transmissora S.A. |
Itatiba – Bateias |
49.9 |
1,843.8 |
34.20 |
399 |
500 |
Sep/17 |
Feb/44 |
|
Araraquara II - Itatiba |
207 | |||||||
|
Araraquara II - Fernão Dias |
241 | |||||||
|
Vale do São Bartolomeu Transmissora de Energia S.A. |
Luziânia - Brasília Leste |
39.0 |
269.65 (Basis: Jul/2013) |
15.32 |
67 |
500 |
Jul/16 |
Oct/43 |
|
Samambaia - Brasília Sul |
14 |
345 | ||||||
|
Brasília Sul - Brasília Geral |
13,5 |
230 | ||||||
|
Belo Monte Transmissora de Energia S.A. |
Xingu – Estreito |
24.5 |
2,237.55 |
- |
2,092 |
800 |
Feb/18 |
Jun/44 |
|
Energia Olímpica S.A. |
Barra da Tijuca – SS Olímpica Gardência – SS Olímpica |
49.9 |
n/a |
n/a |
n/a |
138 |
May/15 |
n/a |
|
66 |
|
|
11.2.2.2.Substations
|
SPE |
SS |
Participation (%) |
Investiment (R$ million) |
Transformation Capacity (MVA) |
Location |
Beginning of Operation |
End of Concession |
|
Luziânia Niquelândia Transmissora S.A. |
SS Niquelândia |
49.0 |
39.3 |
40 |
Niquelândia (GO) |
Mar/15 |
May/42 |
|
Mata de Santa Genebra Transmissora S.A. |
SS Santa Bárbara D’Oeste 440 kV, Static Compensator (-300,+300) Mvar SS Itatiba 500 kV, Static Compensator (-300,+300) Mvar SE 500/440 kV Fernão Dias (9+1R) |
49.9 |
1.843.8 |
4,000 |
SP |
Feb/18 |
Feb/44 |
|
Vale do São Bartolomeu Transmissora de Energia S.A. |
SS Brasília Leste |
39.0 |
269.65 |
180 |
DF |
Jul/16 |
Oct/43 |
|
Belo Monte Transmissora de Energia S.A.
|
Converter Station CA/CC,±800 kV, 4,000 MW, with SS 500 kV Xingu |
24.5 |
2,162.00 |
3,400 |
Xingu (PA) |
Feb/08 |
Jun/44 |
|
Converter Station CA/CC, ±800 kV, 3,850 MW, with SS 500 kV Estreito |
3,300 |
Estreito (MG) | |||||
|
Energia Olímpica S.A. |
SS Olímpica 13.8/13.8 kV – |
49.9 |
n/a |
120 |
Rio de Janeiro (RJ) |
May/15 |
n/a |
12.Loans and financing – R$ Million
Local currency - LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras |
32 |
31 |
29 |
27 |
03/30/2018 |
9.5% p.y. |
|
Eletrobras |
63 |
60 |
57 |
53 |
12/30/2018 |
7% p.y. |
|
Eletrobras |
7 |
6 |
5 |
4 |
12/30/2015 |
7% p.y. |
|
Eletrobras |
255 |
254 |
249 |
248 |
03/30/2023 |
IPCA + 7% p.y. |
|
Eletrobras |
1 |
- |
- |
- |
10/30/2014 |
6.5% p.y. |
|
Eletrobras |
355 |
358 |
357 |
359 |
06/30/2030 |
IPCA + 7 % p.y. |
|
Eletrobras |
216 |
218 |
217 |
219 |
12/30/2030 |
IPCA + 7 % p.y. |
|
Eletrobras |
678 |
684 |
680 |
685 |
11/30/2029 |
IPCA + 7% p.y. |
|
Eletrobras |
3 |
2 |
2 |
2 |
03/30/2017 |
6.5% p.y. |
|
Eletrobras |
594 |
590 |
577 |
571 |
12/30/2021 |
IPCA + 7% p.y. |
|
Eletrobras |
610 |
606 |
594 |
589 |
07/30/2022 |
IPCA + 7% p.y. |
|
Eletrobras |
264 |
263 |
258 |
257 |
12/30/2022 |
IPCA + 7% p.y. |
|
Eletrobras |
2 |
2 |
2 |
2 |
03/30/2020 |
6.5% p.y. |
|
Eletrobras – Eletronet |
144 |
144 |
144 |
144 |
08/30/2020 |
Sandlic |
|
Eletrobras |
- |
- |
- |
644 |
08/30/2022 |
Sandlic |
|
BNDES |
818 |
802 |
785 |
769 |
07/15/2026 |
TJLP + 1.91% p.y. |
|
BNDES |
193 |
189 |
185 |
181 |
12/15/2025 |
TJLP + 3% p.y. |
|
BNDES |
46 |
45 |
44 |
43 |
07/15/2026 And 05/15/2018 |
TJLP + 2.18% p.y. and TJLP + 6% p.y. |
|
FINEP |
68 |
68 |
68 |
68 |
11/15/2023 |
3.5% p.y. |
|
FINEP |
95 |
95 |
95 |
95 |
11/15/2023 |
TJLP – 1.5% p.y. |
|
Caixa Econômica Federal |
10 |
9 |
9 |
9 |
01/17/2022 |
8.7% p.y. and TJLP + 4% p.y. |
|
Caixa Econômica Federal |
217 |
223 |
217 |
224 |
07/27/2020 |
111% CDI |
|
Caixa Econômica Federal |
428 |
440 |
408 |
420 |
08/03/2020 |
111% CDI |
|
Caixa Econômica Federal |
91 |
89 |
91 |
89 |
10/15/2020 |
111% CDI |
|
Caixa Econômica Federal |
119 |
116 |
120 |
117 |
10/26/2020 |
111% CDI |
|
Caixa Econômica Federal |
1,040 |
1,014 |
1,046 |
1,015 |
05/16/2023 |
113.7% CDI |
|
Banco do Brasil S.A. |
211 |
217 |
212 |
218 |
02/07/2018 |
110% CDI |
|
Banco do Brasil S.A. |
775 |
756 |
778 |
757 |
10/31/2018 |
107.3% CDI |
|
Banco do Brasil S.A. |
405 |
416 |
412 |
425 |
12/06/2023 |
115% CDI |
|
Basa |
203 |
209 |
204 |
210 |
07/31/2017 |
102.89% CDI |
|
Total |
7,943 |
7,906 |
7,845 |
8,444 |
|
|
|
67 |
|
|
Foreign currency - FC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Currency |
|
Eletrobras |
38 |
32 |
36 |
34 |
04/06/2018 |
US$ |
|
Eletrobras |
153 |
133 |
138 |
119 |
04/06/2018 |
Yen |
|
BID |
234 |
250 |
279 |
331 |
12/15/2031 |
US$ |
|
Total |
425 |
415 |
453 |
484 |
|
|
13.Contracts
13.1.Loans and financing
13.1.1.Parent company – R$ million
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
506 |
523 |
1.049 |
1.961 |
983 |
1.001 |
2.905 |
8.928 |
|
Generation |
419 |
440 |
965 |
1.897 |
952 |
968 |
2.826 |
8.467 |
|
Transmission |
87 |
83 |
84 |
64 |
31 |
33 |
79 |
461 |
|
By creditor |
506 |
523 |
1.049 |
1.961 |
983 |
1.001 |
2.905 |
8.928 |
|
Eletrobras |
302 |
361 |
465 |
452 |
433 |
451 |
1.493 |
3.957 |
|
Others |
204 |
162 |
584 |
1.509 |
550 |
550 |
1.412 |
4.971 |
|
Total |
506 |
523 |
1.049 |
1.961 |
983 |
1.001 |
2.905 |
8.928 |
13.1.2.SPE - R$ million
Foz do Chapecó
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
878.758 |
|
Generation |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
878.758 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
878.758 |
|
BNDES |
86.007 |
86.007 |
86.007 |
86.007 |
86.007 |
86.007 |
580.548 |
|
REPASSADORES |
43.526 |
43.526 |
43.526 |
43.526 |
43.526 |
43.526 |
293.797 |
|
SINCRONO |
654 |
654 |
654 |
654 |
654 |
654 |
4.412 |
|
Total |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
130.186 |
878.758 |
Enerpeixe
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
114.352 |
9.488 |
|
|
|
|
|
|
Generation |
114.352 |
9.488 |
- |
- |
- |
- |
- |
|
By creditor |
114.352 |
9.488 |
|
|
|
|
|
|
BNDES Direct |
56.700 |
4.704 |
- |
- |
- |
- |
- |
|
BNDES - Banco do Brasil |
14.413 |
1.196 |
- |
- |
- |
- |
- |
|
BNDES - Bradesco |
14.413 |
1.196 |
- |
- |
- |
- |
- |
|
BNDES - Itaú |
17.296 |
1.435 |
- |
- |
- |
- |
- |
|
BNDES - Itaú/Unibanco |
11.530 |
957 |
- |
- |
- |
- |
- |
|
Total |
114.352 |
9.488 |
|
|
|
|
|
|
68 |
|
|
Santo Antônio(*)
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
|
|
|
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
|
|
|
|
|
|
|
|
BNDES Direto |
|
|
|
|
|
|
|
|
BNDES Repasse |
|
|
|
|
|
|
|
|
Banco da Amazônia - FNO |
|
|
|
|
|
|
|
|
2nd Bonds Emission |
|
|
|
|
|
|
|
|
3rd Bonds Emission |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
(*) Informations not available
Teles Pires
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2,497.772 |
|
Generation |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2,497.772 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2,497.772 |
|
BNDES |
22.999 |
106.040 |
118.048 |
118.893 |
128.181 |
128.181 |
1,941.271 |
|
Bonds – FI - FGTS |
24.319 |
48.403 |
48.403 |
48.403 |
48.403 |
48.403 |
556.501 |
|
Total |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2,497.772 |
Centro Oeste de Minas(*)
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
|
|
|
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
|
|
|
|
|
|
|
|
BNDES |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
(*) Informations not available
Serra do Facão
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
89.971 |
38.203 |
38.203 |
38.203 |
38.203 |
38.203 |
248.325 |
|
Generation |
89.971 |
38.203 |
38.203 |
38.203 |
38.203 |
38.203 |
248.325 |
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
89.971 |
38.203 |
38.203 |
38.203 |
38.203 |
38.203 |
248.325 |
|
BNDES Direto |
39.425 |
38.203 |
38.203 |
38.203 |
38.203 |
38.203 |
248.325 |
|
Itaú BBVA Empréstimo Ponte |
50.546 |
- |
- |
- |
- |
- |
- |
|
Total |
89.971 |
38.203 |
38.203 |
38.203 |
38.203 |
38.203 |
248.325 |
Interligação Elétrica do Madeira(*)
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
|
|
|
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
|
|
|
|
|
|
|
|
Banco da Amazônia |
|
|
|
|
|
|
|
|
BNDES |
|
|
|
|
|
|
|
|
Bonds |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
(*) Informations not available
|
69 |
|
|
Goiás Transmissão
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
187.584 |
180.090 |
170.581 |
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
187.584 |
180.090 |
170.581 |
- |
- |
- |
- |
|
By creditor |
187.584 |
180.090 |
170.581 |
|
|
|
|
|
Brasil – FCO |
100.786 |
100.786 |
98.771 |
- |
- |
- |
- |
|
BNDES |
86.797 |
79.304 |
71.811 |
- |
- |
- |
- |
|
Total |
187.584 |
180.090 |
170.581 |
- |
- |
- |
- |
MGE Transmissão
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
99.931 |
90.915 |
81.899 |
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
99.931 |
90.915 |
81.899 |
- |
- |
- |
- |
|
By creditor |
99.931 |
90.915 |
81.899 |
|
|
|
|
|
BNDES |
99.931 |
90.915 |
81.899 |
- |
- |
- |
- |
|
Total |
99.931 |
90.915 |
81.899 |
- |
- |
- |
- |
Transenergia São Paulo
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
46.550 |
42.448 |
38.343 |
34.238 |
30.134 |
26.029 |
72.132 |
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
46.550 |
42.448 |
38.343 |
34.238 |
30.134 |
26.029 |
72.132 |
|
By creditor |
46.550 |
42.448 |
38.343 |
34.238 |
30.134 |
26.029 |
72.132 |
|
BNDES |
46.550 |
42.448 |
38.343 |
34.238 |
30.134 |
26.029 |
72.132 |
|
Total |
46.550 |
42.448 |
38.343 |
34.238 |
30.134 |
26.029 |
72.132 |
Transenergia Renovável
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
127.391 |
115.712 |
104.033 |
92.354 |
80.675 |
68.783 |
170.853 |
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
127.391 |
115.712 |
104.033 |
92.354 |
80.675 |
68.783 |
170.853 |
|
By creditor |
127.391 |
115.712 |
104.033 |
92.354 |
80.675 |
68.783 |
170.853 |
|
BNDES |
127.391 |
115.712 |
104.033 |
92.354 |
80.675 |
68.783 |
170.853 |
|
Total |
127.391 |
115.712 |
104.033 |
92.354 |
80.675 |
68.783 |
170.853 |
Brasventos Eolo Geradora de Energia
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
115.653 |
107.293 |
98.932 |
|
|
|
|
|
Generation |
115.653 |
107.293 |
98.932 |
- |
- |
- |
- |
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
115.653 |
107.293 |
98.932 |
|
|
|
|
|
BNDES |
115.653 |
107.293 |
98.932 |
- |
- |
- |
- |
|
Total |
115.653 |
107.293 |
98.932 |
- |
- |
- |
- |
|
70 |
|
|
Brasventos Miassaba 3 Geradora de Energia
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
114.878 |
106.574 |
98.269 |
114.878 |
|
|
|
|
Generation |
114.878 |
106.574 |
98.269 |
114.878 |
- |
- |
- |
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
114.878 |
106.574 |
98.269 |
114.878 |
|
|
|
|
BNDES |
114.878 |
106.574 |
98.269 |
114.878 |
- |
- |
- |
|
Total |
114.878 |
106.574 |
98.269 |
114.878 |
- |
- |
- |
Rei dos Ventos 3 Geradora de Energia
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
121.070 |
112.318 |
103.566 |
|
|
|
|
|
Generation |
121.070 |
112.318 |
103.566 |
- |
- |
- |
- |
|
Transmission |
|
|
|
|
|
|
|
|
By creditor |
121.070 |
112.318 |
103.566 |
|
|
|
|
|
BNDES |
121.070 |
112.318 |
103.566 |
- |
- |
- |
- |
|
Total |
121.070 |
112.318 |
103.566 |
- |
- |
- |
- |
Triângulo Mineiro Transmissão S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
141.716 |
141.716 |
123.531 |
104.698 |
85.196 |
65.000 |
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
141.716 |
141.716 |
123.531 |
104.698 |
85.196 |
65.000 |
- |
|
By creditor |
141.716 |
141.716 |
123.531 |
104.698 |
85.196 |
65.000 |
|
|
CEF |
141.716 |
141.716 |
123.531 |
104.698 |
85.196 |
65.000 |
- |
|
Total |
141.716 |
141.716 |
123.531 |
104.698 |
85.196 |
65.000 |
- |
Vale de São Bartolomeu Transmissão S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
107.580 |
157.440 |
137.237 |
116.315 |
94.649 |
72.212 |
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
107.580 |
157.440 |
137.237 |
116.315 |
94.649 |
72.212 |
- |
|
By creditor |
107.580 |
157.440 |
137.237 |
116.315 |
94.649 |
72.212 |
|
|
CEF |
107.580 |
157.440 |
137.237 |
116.315 |
94.649 |
72.212 |
- |
|
Total |
107.580 |
157.440 |
137.237 |
116.315 |
94.649 |
72.212 |
- |
Mata de Santa Genebra S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
469.000 |
|
|
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
469.000 |
- |
- |
- |
- |
- |
- |
|
By creditor |
469.000 |
|
|
|
|
|
|
|
CEF |
469.000 |
- |
- |
- |
- |
- |
- |
|
Total |
469.000 |
- |
- |
- |
- |
- |
- |
|
71 |
|
|
Companhia Transirapé de Transmissão S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
11.058 |
13.975 |
18.391 |
2.490 |
2.490 |
2.435 |
21.513 |
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
11.058 |
13.975 |
18.391 |
2.490 |
2.490 |
2.435 |
21.513 |
|
By creditor |
11.058 |
13.975 |
18.391 |
2.490 |
2.490 |
2.435 |
21.513 |
|
BDMG |
328 |
2.325 |
2.490 |
2.490 |
2.490 |
2.435 |
21.513 |
|
Bonds Emission 1st Itaú - BBA |
10.730 |
11.650 |
15.901 |
- |
- |
- |
- |
|
Total |
11.058 |
13.975 |
18.391 |
2.490 |
2.490 |
2.435 |
21.513 |
Companhia Transleste de Transmissão S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
7.461 |
11.419 |
16.968 |
16.221 |
16.220 |
12.993 |
13.813 |
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
7.461 |
11.419 |
16.968 |
16.221 |
16.220 |
12.993 |
13.813 |
|
By creditor |
7.461 |
11.419 |
16.968 |
16.221 |
16.220 |
12.993 |
13.813 |
|
BDMG (PEM) |
1.349 |
1.267 |
633 |
|
|
|
|
|
BDMG (FNE) |
2.696 |
2.552 |
2.552 |
2.552 |
2.552 |
2.552 |
10.634 |
|
BNB (FNE) |
824 |
1.139 |
862 |
748 |
747 |
750 |
3.179 |
|
Bonds Emission 1st Itaú BBA |
2.592 |
6.461 |
12.921 |
12.921 |
12.921 |
9.691 |
- |
|
Total |
7.461 |
11.419 |
16.968 |
16.221 |
16.220 |
12.993 |
13.813 |
Companhia Transudeste de Transmissão S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
10.575 |
13.971 |
18.722 |
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
10.575 |
13.971 |
18.722 |
- |
- |
- |
- |
|
By creditor |
10.575 |
13.971 |
18.722 |
|
|
|
|
|
Bonds Emission 1st Itaú BBA |
10.575 |
13.971 |
18.722 |
- |
- |
- |
- |
|
Total |
10.575 |
13.971 |
18.722 |
- |
- |
- |
- |
São Manoel
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
|
532.000 |
|
|
|
|
|
|
Generation |
- |
532.000 |
- |
- |
- |
- |
- |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
|
532.000 |
|
|
|
|
|
|
1st Emission Bonds (Santander) |
- |
532.000 |
- |
- |
- |
- |
- |
|
Total |
- |
532.000 |
- |
- |
- |
- |
- |
Paranaíba Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
353.290 |
|
|
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Transmission |
353.290 |
- |
- |
- |
- |
- |
- |
|
By creditor |
353.290 |
|
|
|
|
|
|
|
Santander and BTG Pactual – Loan by 1st Emission of Debêntures |
353.290 |
- |
- |
- |
- |
- |
- |
|
Total |
353.290 |
- |
- |
- |
- |
- |
- |
|
72 |
|
|
14.Number of employees (headcount)
14.1.By tenure
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Up to 5 |
745 |
672 |
658 |
622 |
622 |
|
6 to 10 |
1,307 |
1,387 |
1,395 |
1,438 |
1,438 |
|
11 to15 |
334 |
323 |
318 |
305 |
305 |
|
16 to 20 |
255 |
265 |
269 |
247 |
247 |
|
21 to 25 |
225 |
223 |
222 |
250 |
250 |
|
Up to25 |
658 |
660 |
663 |
635 |
635 |
|
Total |
3,524 |
3,530 |
3,525 |
3,497 |
5,511 |
14.2.By departments
|
Departmants |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Administrative |
1,031 |
1,031 |
1,027 |
1,025 |
1,025 |
|
Operational |
2,493 |
2,499 |
2,498 |
2,472 |
2,472 |
|
Total |
3,524 |
3,530 |
3,525 |
3,497 |
5,511 |
14.3.By region
|
State |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Distrito Federal |
165 |
166 |
167 |
162 |
162 |
|
Espírito Santo |
56 |
56 |
57 |
55 |
55 |
|
Goiás |
251 |
253 |
254 |
253 |
253 |
|
Minas Gerais |
550 |
551 |
550 |
547 |
547 |
|
Mato Grosso |
14 |
14 |
14 |
12 |
12 |
|
Paraná |
158 |
158 |
158 |
147 |
147 |
|
Rio de Janeiro |
1,876 |
1,877 |
1,875 |
1,876 |
1,876 |
|
Rondônia |
05 |
04 |
03 |
03 |
03 |
|
São Paulo |
442 |
444 |
440 |
435 |
435 |
|
Tocantins |
07 |
07 |
07 |
07 |
07 |
|
Total |
3,524 |
3,530 |
3,525 |
3,497 |
5,511 |
15.Complementary work force
|
Operational |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Hired |
1,336 |
1,335 |
1,332 |
1,330 |
1,330 |
16.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.27 |
0.31 |
0.32 |
1.02 |
1.92 |
|
73 |
Balance Sheet
(R$ thousand)
|
Assets |
||
|
12.31.14 |
12.31.13 | |
|
Current Assets |
|
|
|
Availabilities |
658,063 |
841,111 |
|
Clients (Consumers and resellers) |
364,500 |
298,542 |
|
Loans and financing |
3,337 |
3,404 |
|
Marketable Securities |
683,310 |
1,971,964 |
|
Dividends to receive (Remuneration of equity participation) |
20,989 |
25,090 |
|
Fiscal Assets deferred (Taxes and contributions) |
16,876 |
16,048 |
|
Income Tax and Social Contribution |
59,263 |
79,539 |
|
Linked deposits |
10,982 |
10,982 |
|
Stored materials |
89,382 |
90,426 |
|
Financial Asset |
77,833 |
74,448 |
|
Receivables - 12,783/13 Law |
1,605,710 |
1,254,584 |
|
Others |
401,169 |
411,925 |
|
Current Assets Total |
3,991,414 |
5,078,063 |
|
. |
||
|
Non-Current Assets |
||
|
Clients (Consumers and resellers) |
8,604 |
14,334 |
|
Loans and financing |
4,003 |
7,321 |
|
Marketable Securities |
3,483 |
3,582 |
|
Fiscal Assets deferred (Taxes and contributions) |
164,588 |
155,446 |
|
Income Tax and Social Contribution |
- |
1,954,740 |
|
Reimbursement Rights - CCC (12,111 Law) |
- |
- |
|
Linked deposits |
641,895 |
666,567 |
|
Financial Asset – Annual allowed revenue (transmission) |
3,990,482 |
3,133,280 |
|
Receivables - 12,783/13 Law |
- |
967,330 |
|
Others |
202,010 |
49,313 |
|
Advances for equity participation |
590,015 |
277,800 |
|
|
5,605,080 |
7,229,713 |
|
INVESTMENTS |
3,980,860 |
3,191,947 |
|
FIXED ASSETS |
1,249,718 |
1,602,600 |
|
INTANGIBLE |
58,626 |
31,930 |
|
Non-Current Assets Total |
10,894,284 |
12,056,190 |
|
Assets Total |
14,885,698 |
17,134,253 |
|
74 |
|
|
|
Liabilities and Stockholders’ Equity |
||
|
12.31.14 |
12.31.13 | |
|
Current Liabilities |
||
|
Suppliers |
509,900 |
444,526 |
|
Loans and financing |
250,414 |
60,192 |
|
Taxes and social contribution |
92,092 |
87,332 |
|
Income Tax and Social Contribution |
13 |
230 |
|
Derivatives |
- |
- |
|
Advances from consumers |
- |
- |
|
Shareholders remuneration (dividends payable) |
13 |
34 |
|
Estimated obligations |
178,112 |
377,658 |
|
Provisions for contingencies |
- |
- |
|
Post-employment benefit (complementary Pension Fund) |
91,296 |
121,025 |
|
Onerous Contracts |
- |
- |
|
Sector charges (regulatory taxes) |
136,496 |
156,899 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
130,721 |
138,611 |
|
Current Liabilities Total |
1,389,057 |
1,386,507 |
|
|
||
|
Non-Current Liabilities |
||
|
Suppliers |
- |
- |
|
Loans and financing |
957,153 |
791,819 |
|
Taxes and social contribution |
13,572 |
13,572 |
|
Income Tax and Social Contribution |
199,523 |
67,045 |
|
Derivatives |
- |
- |
|
Advances from consumers |
- |
- |
|
Estimated obligations |
93,029 |
- |
|
Provisions for contingencies |
1,482,916 |
1,404,872 |
|
Provision for uncovered liabilities on invested companies |
- |
- |
|
Provision for onerous contract |
114,724 |
1,434,251 |
|
Post-employment benefit (Complementary Pension Fund) |
840,574 |
489,283 |
|
Leasing |
- |
- |
|
Concessions to pay - UBP |
- |
- |
|
Sectorial charges (regulatory taxes) |
257,682 |
235,348 |
|
Obligations for asset demobilization |
- |
- |
|
Advance for future Capital Increase |
- |
- |
|
Others |
13,599 |
5,641 |
|
Non-Current Liabilities Total |
3,972,772 |
4,441,831 |
|
|
||
|
Stockholders’ Equity |
||
|
Social Capital |
9,753,953 |
9,753,953 |
|
Capital reserves |
4,916,199 |
4,916,199 |
|
Profit reserves |
- |
- |
|
Additional dividends proposed |
- |
- |
|
Accrued profit/losses |
-3,776,818 |
-2,658,880 |
|
Other comprehensive income |
-1,369,465 |
-705,357 |
|
Non-controlling participation |
- |
- |
|
|
||
|
Stockholders’ Equity Total |
9,523,869 |
11,305,915 |
|
|
||
|
Liabilities and Stockholders’ Equity Total |
14,885,698 |
17,134,253 |
|
75 |
|
|
Statement of Income by activity
(R$ thousand)
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
||
|
Generation |
||
|
Plant Supply |
121,046 |
- |
|
Energy Supply |
886,567 |
830,276 |
|
Short term electric Energy |
152,364 |
672,780 |
|
O&M Revenue of Renewed Plants |
1,225,667 |
1,641,544 |
|
Construction Revenue |
88,641 |
69,707 |
|
Return on Investment - G |
- |
- |
|
|
||
|
Transmission |
||
|
O&M Revenue Renewed Lines |
726,296 |
623,051 |
|
O&M Revenue |
39,482 |
19,746 |
|
Construction Revenue – Transmission |
896,186 |
869,883 |
|
Return on Investment - T |
56,690 |
44,390 |
|
Other Operating Revenue |
17,072 |
16,057 |
|
|
||
|
Deductions to Operating Revenue |
-646,576 |
-688,951 |
|
Net Operating Revenue |
3,563,435 |
4,098,483 |
|
|
||
|
Operating Costs and Expenses |
||
|
Electric Energy purchased for resale |
-620,038 |
-682,356 |
|
Charges on the use of electric grid |
-732,110 |
-796,324 |
|
Fuel for production of electric Energy - CCC |
-362,811 |
-730,443 |
|
Construction costs |
-984,827 |
-939,590 |
|
Operating Expenses |
||
|
Personnel, Material and Third party services |
-1,128,338 |
-1,556,417 |
|
Remuneration and reimbursement |
-12,055 |
-19,504 |
|
Depreciation and amortization |
-105,230 |
-104,645 |
|
Donations and Contributions |
-18,378 |
-21,046 |
|
Provisions |
624,600 |
-359,855 |
|
Others |
-45,202 |
-98,786 |
|
Operating Cost and Expenses |
-3,384,389 |
-5,308,966 |
|
|
||
|
Result of equity participation |
-168,718 |
65,378 |
|
Operating Result before Financial Result |
10,328 |
-1,145,105 |
|
|
||
|
Financial Result |
649,730 |
416,247 |
|
Result before Income Tax / Social Contribution |
660,058 |
-728,858 |
|
|
||
|
Current Income Tax and and social contribution |
-29 |
98,983 |
|
Deferred Income Tax and and social contribution |
-1,777,967 |
163,809 |
|
Net income for the period |
-1,117,938 |
-466,066 |
|
76 |
|
|
Cash Flow
(R$ thousand)
|
Cash Flow |
12.31.2014 |
12.31.2013 |
|
OPERATING ACTIVITIES |
||
|
Profit/Loss before income tax and social contribution |
660,058 |
-728,858 |
|
Depreciation and amortization |
105,230 |
104,645 |
|
Net monetary and currency variations |
-439,819 |
-351,256 |
|
Financial charges |
131,496 |
40,241 |
|
Equity Equivalency Result |
168,718 |
-65,378 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of questionable liquidation |
39,547 |
43,370 |
|
Provision for contingencies |
155,666 |
40,613 |
|
Provision for loss on Investment |
-246,915 |
246,915 |
|
Provision for staff realignment |
-33,334 |
168,049 |
|
Impairment |
443,197 |
620,274 |
|
Provision for onerous contracts |
-1,319,527 |
-869,305 |
|
Provision for loss on financial asset |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Adjustment to present value / market value |
0 |
0 |
|
Minority Participation in the Results |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financing assets Revenue - IRR |
-56,690 |
-44,390 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
351,292 |
177,627 |
|
Variation in operating assets / liabilities |
-273,616 |
127,232 |
|
Cash generated in operating activities |
-314,697 |
-490,221 |
|
|
||
|
Financial charges paid |
-109,681 |
-41,666 |
|
Payment of global reversal reserve charges |
0 |
0 |
|
Financial charges received |
0 |
0 |
|
Remuneration received from equity participation |
91,264 |
50,956 |
|
Financial asset revenue by RAP |
-905,124 |
-883,910 |
|
Receiving compensation for financial asset |
1,041,875 |
5,089,452 |
|
Payment of income tax and social contribution |
-18,440 |
0 |
|
Payment of pension fund |
0 |
0 |
|
Lawsuits payment |
-77,622 |
-24,426 |
|
Legal deposits |
-12,889 |
-49,894 |
|
Net cash operating activities |
-305,314 |
3,650,291 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
400,000 |
500,000 |
|
Loans and financing payable – principal |
-58,214 |
-118,309 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Payment on refinancing of taxes and contributions - Principal |
0 |
0 |
|
Receipt of Advance for future Capital Increase |
-312,215 |
-243,275 |
|
Others |
49 |
0 |
|
Net cash financing activities |
29,620 |
138,416 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Acquisition of fixed asset |
-151,183 |
-319,023 |
|
Acquisition of intangible asset |
-33,435 |
-9,295 |
|
Acquisition of Concession asset |
0 |
0 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation |
-1,044,715 |
-938,577 |
|
Others |
1,321,979 |
-1,775,446 |
|
Net cash investment activities |
92,646 |
-3,042,341 |
|
|
||
|
Increase (decrease) in cash and cash equivalent |
-183,048 |
746,366 |
|
|
||
|
Cash and cash equivalent – beginning of period – 12/31/13 |
841,111 |
94,745 |
|
Cash and cash equivalent – end of period – 12/31/14 |
658,063 |
841,111 |
|
|
-183,048 |
746,366 |
|
77 |
|
|
Results Analysis
4Q14 x 3Q14
The Company presented in 4Q14 a loss 390.9% higher than that registered in the previous quarter, from a loss of R$ 230.8 million in 3Q14 to a loss of R$ 1,133.3 million in 4Q14, mainly due to the factors described below .
Oprating Revenue
In Generation:
The electric energy supply increased by 0.9%, from R$ 333.0 million in 3Q14 to R$ 336.1 million in 4Q14, mainly due to movement in the auction contracts in the Free Market - ACL.
The supply to final consumers of electric energy decreased by 6.0%, from R$ 239.7 million in 3Q14 to R$ 225.4 million in 4Q14, mainly due to contracts maturities.
In transmission:
Revenues from transmission system (operation and maintenance) fell by 1.2%, from R$ 212.5 million in 3Q14 to R$ 210.1 million in 4Q14, keeping the same level of the previous quarter.
The financial revenue decreased by 19.2%, from R$ 24.5 million in 3Q14 to R$ 19.8 million in 4Q14, mainly due to the update of the financial asset transmission.
Operating Expenses
The electric energy purchased for resale decreased by 21.6%, from R$ 244.6 million in 3Q14 to R$ 191.8 million in 4Q14, mainly due to the higher amount of energy purchased.
The operational provisions decreased by 452.9%, from a provision of R$ 212.7 million in 3Q14 to a reversal of R$ 750.6 million in 4Q14, mainly due to the reversal of the provision for losses on investments (improvements and retrofits on assets affected by Law 12,783 / 2013) of R$ 398.3 million and the reversal of Onerous Contracts, in R$ 712.8 million, of the plants at Camaçari and Itaparica and Transmission Contract 061/2011.
Financial Result
The remuneration of indemnities of 12,783/13 Law increased by 585.9%, from R$ 35.6 million in 3Q14 to R$ 244 million in 4Q14, mainly due to adjustments in the calculation of compensation receivable.
Equity Participation
The result of equity investments decreased by 1,744.0%, from a revenue of R$ 8.4 million in 3Q14 to an expense of R$ 137.6 million in 4Q14, mainly due to a decrease in income from equity of Chesf on its investment in Sustainable Energy of Brazil - HPU Jirau.
Income Tax and Social Contribution
The social contribution and deferred income tax decreased by 1,852.1%, from a revenue of R$ 110.1 million in the 3Q14 to an expense of R$ 1,929.4 million in 4Q14, mainly due to lower tax credit according to CPC 38, as the company failed to demonstrate the possibility of recovering the tax credits that were activated, which can be reversed with profits in future years.
|
78 |
|
|
Market Data
1.Generation Assets and Energy generated
1.1.Own assets
|
Unit |
Installed Capacity MW |
Guaranteed energy MW Average |
Energy generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
Funil |
30.00 |
10.91 |
11,239 |
9,120 |
9,053 |
12,866 |
42,278 |
|
Pedra |
20.00 |
3.74 |
1,433 |
2,451 |
2,102 |
1,795 |
7,781 |
|
Araras |
4.00 |
- |
- |
- |
- |
- |
- |
|
Curemas |
3.52 |
1.00 |
83 |
- |
- |
- |
83 |
|
Complexo de Paulo Afonso e Piloto |
4,281.60 |
2,225.00 |
2,453,959 |
2,414,741 |
2,399,169 |
2,433,575 |
9,701,444 |
|
Sobradinho |
1.050.30 |
531.00 |
582,648 |
599,487 |
550,798 |
503,077 |
2,236,010 |
|
Luiz Gonzaga (Itaparica) |
1.479.60 |
959.00 |
1,062,845 |
1,040,267 |
1,038,597 |
1,038,435 |
4,180,144 |
|
Boa Esperança (Castelo Branco) |
237.30 |
143.00 |
333,799 |
275,788 |
291,248 |
258,270 |
1,159,105 |
|
Xingó |
3,162.00 |
2,139.00 |
2,710,532 |
2,713,788 |
2,737,994 |
2,767,328 |
10,929,642 |
|
Camaçari* |
346.80 |
229.80 |
126,992 |
143,032 |
95,359 |
116,805 |
482,188 |
The installed capacity of UTE Camaçari is 346.80 MW when operates with Natural Gas, which is more efficient. When uses diesel oil its installed capacity is approximately 333.80 MW. Guaranteed Energy of Funil changed since 01/01/14, according to Ordinance ANEEL 1,577, from 07/30/2013.
|
Unit |
Location (State) |
Beginning of Operation |
End of Operation |
|
Funil |
BA |
Mar/62 |
Dec/42 |
|
Pedra |
BA |
Apr/78 |
Dec/42 |
|
Araras |
CE |
Feb/67 |
Jul/15 |
|
Piloto |
BA |
Jan/55 |
Jul/15 |
|
Curemas |
PB |
Jun/57 |
Nov/24 |
|
Complexo de Paulo Afonso |
BA |
Jan/55 |
Dec/42 |
|
Sobradinho |
BA |
Apr/79 |
Feb/22 |
|
Luiz Gonzaga (Itaparica) |
PE |
Feb/88 |
Dec/42 |
|
Boa Esperança (Castelo Branco) |
PI |
Jan/70 |
Dec/42 |
|
Xingó |
SE |
Apr/94 |
Dec/42 |
|
Camaçari |
BA |
Feb/79 |
Aug/27 |
1.2.SPEs
|
SPE |
Unit |
Installed Capacity (MW) |
Guaranteed energy (MW Average) |
Energy generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Energetica Águas da Pedra S.A. |
HPU Dardanelos |
261.00 |
159.60 |
544,046 |
465,654 |
98,142 |
129,698 |
1,237,540 |
|
ESBR Participações S.A. |
HPU Jirau* |
3,750.00 |
2,184.60 |
289,283 |
730,294 |
1,028,828 |
1,602,518 |
3,650,923 |
|
Pedra Branca S.A. |
Pedra Branca |
30.00 |
12.20 |
26,501 |
30,733 |
38,560 |
29,006 |
124,800 |
|
São Pedro do Lago S.A. |
São Pedro do Lago |
30.00 |
13.50 |
22,615 |
23,735 |
37,050 |
25,195 |
108,595 |
|
Sete Gameleiras S.A. |
Sete Gameleiras |
30.00 |
12.60 |
25,567 |
29,291 |
38,426 |
27,646 |
120,930 |
* The first turbine became into Operation on September 2013 with 75 MW of installed capacity. Inj the 4Q14 the company totalled 20 machines in Operation, resulting in an installed capacity in Operation of 1,500 MW.
|
Unit |
Participacion % |
Local (State) |
Beginning of Operation |
End of Operation |
|
Dardanelos |
24.5 |
MT |
Aug/11 |
Jul/42 |
|
Jirau |
20.0 |
RO |
Sep/13 |
Aug/43 |
|
Pedra Branca |
49.0 |
BA |
Mar/13 |
Feb/46 |
|
São Pedro do Lago |
49.0 |
BA |
Mar/13 |
Feb/46 |
|
Sete Gameleiras |
49.0 |
BA |
Mar/13 |
Feb/46 |
|
79 |
|
|
2.Electric energy purchased for resale
2.1. Own assets
|
Supplier |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
MWh |
108,050 |
109,200 |
110,400 |
110,350 |
438,000 |
|
R$ million |
17.29 |
17.47 |
17.66 |
17.66 |
70.08 | |
|
Others |
MWh |
393,719 |
404,089 |
596,173 |
826,972 |
2,220,953 |
|
R$ million |
54.10 |
53.9 |
178.88 |
173.32 |
460.20 |
2.2.SPE
Energética Águas da Pedra S.A.*
|
Supplier |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
MWh |
- |
- |
- |
- |
- |
|
R$ million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
- |
7,830 |
29,645 |
289,600 |
327,075 |
|
R$ million |
- |
4.84 |
17.72 |
36.85 |
59.41 |
* Due to the enlargement of the dry season, the generation of energy in the plant was affected, so there was needed to trade energy in the short term market (CCEE) to assure the delivery of hired energy.
3.Energy sold
3.1.Own assets
3.1.1. Energy sold by enterprises not affected by 12,783/2013 Law (not from quotas)
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
|
Others |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
219.9 |
2,392,313 |
235.7 |
1,982,553 |
255.8 |
2,088,408 |
243.3 |
2,021,828 |
954,7 |
8.485.102 | |
|
Total |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
219.9 |
2,392,313 |
235.7 |
1,982,553 |
255.8 |
2,088,408 |
243.3 |
2,021,828 |
954,7 |
8.485.102 | |
A - Through auction
B - Through free market agreements or bilateral contracts
3.1.2. Energy sold by enterprises affected by 12,783/2013 Law (O&M)
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
24.8 |
938,919 |
26.2 |
948,912 |
26.6 |
959,340 |
27.9 |
958,905 |
105.5 |
3,806,076 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
|
Others |
A |
295.9 |
10,688,510 |
296.7 |
10,756,402 |
290.3 |
10,874,604 |
290.3 |
10,869,679 |
1,173.2 |
43,189,195 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
|
Total |
A |
320.7 |
11,627,429 |
322.9 |
11,705,314 |
316.9 |
11,833,944 |
318.2 |
11,828,584 |
1,278.7 |
46,995,271 |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| |
A – Sale of energy in regulated enviroment – Revenues from quotas.
B - Trough free market contracts or bilateral contracts
|
80 |
|
|
3.2.SPE
Energética Águas da Pedra S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
- |
- | ||||||||
|
B |
- |
- | |||||||||
|
Others |
A |
|
|
|
|
|
|
|
|
- |
- |
|
B |
52.7 |
327,333 |
50.2 |
306,799 |
52.9 |
315,136 |
57.8 |
338,452 |
213.6 |
1,287,720 | |
|
Total |
A |
- |
- |
- |
- |
- |
- |
- |
- | ||
|
B |
52.7 |
327,333 |
50.2 |
306,799 |
52.9 |
315,136 |
57.8 |
338,452 |
213.6 |
1,287,720 | |
ESBR Participações S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
3.2 |
32,961 |
8.3 |
88,031 |
12.1 |
126,204 |
18.2 |
183,578 |
41.8 |
430,774 |
|
B |
1.6 |
9,478 |
3.7 |
21,937 |
16.6 |
98,000 |
38.3 |
226,219 |
60.2 |
355,634 | |
|
Others |
A |
28.2 |
299,384 |
76.5 |
799,597 |
112.6 |
1,146,325 |
159.7 |
1,598,318 |
377.0 |
3,843,624 |
|
B |
2.4 |
14,216 |
5.6 |
32,906 |
24.3 |
143,481 |
57.4 |
339,328 |
89.7 |
529,931 | |
|
Total |
A |
31.4 |
332,345 |
84.8 |
887,628 |
124.7 |
1,272,529 |
177.9 |
1,781,896 |
418.8 |
4,274,398 |
|
B |
4.0 |
23,694 |
9.3 |
54,843 |
40.9 |
241,481 |
95.7 |
565,547 |
149.9 |
885,565 | |
|
CCEE |
|
91.4 |
(66,756) |
97.6 |
(212,177) |
4.0 |
(485,182) |
45.5 |
(771,461) |
238.5 |
(1,535,576) |
Pedra Branca S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
2.4 |
15,078 |
2.4 |
15,078 |
2.4 |
15,078 |
2.5 |
15,078 |
9.7 |
60,312 |
|
B |
0 |
0 | |||||||||
|
Others |
A |
1.9 |
11,639 |
1.9 |
11,639 |
1.9 |
11,639 |
1.9 |
11,639 |
7.6 |
46,556 |
|
B |
|
|
|
|
|
|
|
|
0 |
0 | |
|
Total |
A |
4.3 |
26,717 |
4.3 |
26,717 |
4.3 |
26,717 |
4.4 |
26,717 |
17.3 |
106,868 |
|
B |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 | |
São Pedro do Lago S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
2.6 |
16,314 |
2.6 |
16,314 |
2.6 |
16,314 |
1.8 |
16,314 |
9.6 |
65,256 |
|
B |
0 |
0 | |||||||||
|
Others |
A |
2.0 |
12,594 |
2.0 |
12,594 |
2.0 |
12,594 |
1.4 |
12,594 |
7.4 |
50,376 |
|
B |
|
|
|
|
|
|
|
|
0 |
0 | |
|
Total |
A |
4.6 |
28,908 |
4.6 |
28,908 |
4.6 |
28,908 |
3.2 |
28,908 |
17.0 |
115,632 |
|
B |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 | |
|
81 |
|
|
Sete Gameleiras S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
2.5 |
15,448 |
2.5 |
15,448 |
2.5 |
15,448 |
1.7 |
15,448 |
9.2 |
61,792 |
|
B |
0 |
0 | |||||||||
|
Others |
A |
1.9 |
11,927 |
1.9 |
11,927 |
1.9 |
11,927 |
1.3 |
11,927 |
7.0 |
47,708 |
|
B |
|
|
|
|
|
|
|
|
0 |
0 | |
|
Total |
A |
4.4 |
27,375 |
4.4 |
27,375 |
4.4 |
27,375 |
3.0 |
27,375 |
16.2 |
109,500 |
|
B |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 |
0.0 |
0 | |
4.Settlement CCEE (Spot e MRE)
|
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Net |
R$ million |
78.90 |
-40.07 |
-54.75 |
78.49 |
|
MWh |
-1,916.70 |
-43,471.97 |
-115,840.35 |
67,127.02 | |
|
MWaverage |
-0.89 |
-19.90 |
-52.46 |
30.42 |
5.Fuel used to produce electricity
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million | ||
|
Diesel Oil |
Litre |
25,494,000 |
58.1 |
36,386,000 |
79.2 |
29,708,000 |
76.2 |
10,759,000 |
29.3 |
102,347,000 |
242.8 |
|
Gás |
m3 |
18,416,991 |
34.7 |
14,903,007 |
28.8 |
1,238,529 |
2.3 |
28,743,000 |
54.2 |
63,301,527 |
120.0 |
|
Total |
|
|
92.8 |
|
108.0 |
|
78.6 |
|
83.5 |
|
362,8 |
6.Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2.72 |
2.77 |
2.55 |
2.37 |
2.60 |
* There was na update in the amounts informed in the previous quarters, because it was informed as na estimative.
7.Average price – R$/MWh
7.1. Own Assets – enterprises not affected by 12,783 law
|
1Q14 |
2Q14 |
3Q14 |
4QT14 |
2014 |
|
91.92 |
118.88 |
122.49 |
120.32 |
113.40 |
7.1.1. Own Assets – enterprises renewed in terms of 12,783 law – O&M
|
1Q14 |
2Q14 |
3Q14 |
4QT14 |
2014 |
|
27.58 |
27.58 |
26.78 |
26.90 |
27.21 |
|
82 |
|
|
7.2.SPE
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |
|
Energética Águas da Pedra S.A. |
160.99 |
163.68 |
168.10 |
170.50 |
165.80 |
|
ESBR Participações S.A. |
99.31 |
99.87 |
109.35 |
117.15 |
106.42 |
|
Pedra Branca S.A. |
160.86 |
160.86 |
160.86 |
167.92 |
162.62 |
|
São Pedro do Lago S.A. |
160.86 |
160.86 |
160.86 |
167.92 |
162.62 |
|
Sete Gameleiras S.A. |
160.86 |
160.86 |
160.86 |
167.92 |
162.62 |
8.Extension of transmission lines - Km
8.1.Own assets
8.1.1.Transmission lines
8.1.1.1. Transmission lines – enterprises not affected by 12,783 Law
|
From-To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Ibicoara-Brumado, C1 |
94.5 |
230 |
Mar/12 |
Jun/37 |
|
Milagres-Coremas, C2 |
119.8 |
230 |
Jun/09 |
Feb/35 |
|
Milagres-Tauá, C1 |
208.1 |
230 |
Dec/07 |
Feb/35 |
|
Paulo Afonso III- Zebu II, C1 |
5.4 |
230 |
Aug/12 |
Aug/39 |
|
Paulo Afonso III- Zebu II, C2 |
5.4 |
230 |
Aug/12 |
Aug/39 |
|
Paraiso-Açu II, C2 |
132.8 |
230 |
Sep/10 |
Jun/37 |
|
Picos-Tauá II, C1 |
183.2 |
230 |
Feb/13 |
Jun/37 |
|
Pirapama II-Suape II, C1 |
20.9 |
230 |
Dec/12 |
Jun/37 |
|
Pirapama II-Suape II, C2 |
20.9 |
230 |
Dec/12 |
Jun/37 |
|
Suape III-Suape II, C1 |
3.6 |
230 |
Dec/12 |
Jan/39 |
|
Suape III-Suape II, C2 |
3.6 |
230 |
Dec/12 |
Jan/39 |
|
C. Mirim II-João Câmara II C1 |
31.4 |
230 |
Feb/14 |
Nov/40 |
|
Extremoz II-C. Mirim II C1 |
74.5 |
230 |
Feb/14 |
Nov/40 |
|
Jardim/Penedo, C1 |
110.0 |
230 |
Mar/14 |
Mar/38 |
|
B. Jesus da Lapa II – Igaporã II |
115.0 |
230 |
May/14 |
Nov/40 |
|
Sub-Total - 230 Kv |
1,129.1 |
|
|
|
|
Total Basic Network |
1,129.1 |
|
|
|
|
Total |
1,129.1 |
|
|
|
|
83 |
|
|
8.1.1.2. Transmission lines– enterprises renewed in accordance with 12,783 Law – (O&M)
|
From-To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Angelim II-Recife II, C1 |
169.1 |
500 |
Aug/77 |
Dec/42 |
|
Angelim II-Recife II, C2 |
170.7 |
500 |
Mar/80 |
Dec/42 |
|
Jardim-Camaçari IV, C1 |
249.6 |
500 |
May/00 |
Dec/42 |
|
Camaçari II-Camaçari IV, C1 |
0.3 |
500 |
Nov/12 |
Dec/42 |
|
L. Gonzaga-Angelim II, C1 |
248.4 |
500 |
Feb/77 |
Dec/42 |
|
L. Gonzaga-Milagres, C1 |
230.8 |
500 |
Feb/02 |
Dec/42 |
|
L. Gonzaga-Olindina, C1 |
248.6 |
500 |
May/76 |
Dec/42 |
|
Luiz Gonzaga-Sobradinho, C1 |
290.6 |
500 |
Oct/79 |
Dec/42 |
|
Messias-Suape II, C1 |
176.6 |
500 |
Dec/98 |
Dec/42 |
|
Suape II-Recife II, C1 |
45.4 |
500 |
Dec/98 |
Dec/42 |
|
Milagres-Quixada, C1 |
268.0 |
500 |
Sep/03 |
Dec/42 |
|
Olindina-Camacari II, C1 |
147.2 |
500 |
Oct/76 |
Dec/42 |
|
Olindina-Camacari II, C2 |
146.9 |
500 |
Sep/78 |
Dec/42 |
|
P.Afonso IV-Angelim II, C2 |
221.5 |
500 |
Jul/79 |
Dec/42 |
|
P.Afonso IV-Olindina, C2 |
212.8 |
500 |
Jun/78 |
Dec/42 |
|
P.Afonso IV-L. Gonzaga, C1 |
37.4 |
500 |
Oct/79 |
Dec/42 |
|
P.Afonso IV-Xingo, C1 |
53.8 |
500 |
Feb/93 |
Dec/42 |
|
Pres.Dutra II-Teresina II, C1 |
207.9 |
500 |
May/00 |
Dec/42 |
|
Pres.Dutra II-Teresina II, C2 |
207.7 |
500 |
Apr/03 |
Dec/42 |
|
Quixada-FortalezaII, C1 |
136.5 |
500 |
Sep/03 |
Dec/42 |
|
84 |
|
|
|
From-To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Sobral III-Pecem II, C1 |
176.6 |
500 |
May/00 |
Dec/42 |
|
Pecem II-Fortaleza II, C1 |
73.1 |
500 |
May/00 |
Dec/42 |
|
S.J.Piaui-B.Esperanca, C1 |
233.5 |
500 |
Dec/80 |
Dec/42 |
|
Sobradinho-S.J.Piaui, C1 |
211.0 |
500 |
Oct/80 |
Dec/42 |
|
Sobradinho-Luiz Gonzaga, C2 |
316.0 |
500 |
Jun/88 |
Dec/42 |
|
Teresina II-Sobral III, C1 |
334.2 |
500 |
May/00 |
Dec/42 |
|
U. Luiz Gonzaga-L.Gonzaga, C1 |
0.6 |
500 |
May/79 |
Dec/42 |
|
U. Luiz Gonzaga-L.Gonzaga, C2 |
0.6 |
500 |
May/79 |
Dec/42 |
|
U. Luiz Gonzaga-L.Gonzaga, C3 |
0.6 |
500 |
May/79 |
Dec/42 |
|
Usina IV-P.Afonso IV, C1 |
0.6 |
500 |
Dec/79 |
Dec/42 |
|
Usina IV-P.Afonso IV, C2 |
0.6 |
500 |
May/80 |
Dec/42 |
|
Usina IV-P.Afonso IV, C3 |
0.6 |
500 |
Oct/80 |
Dec/42 |
|
Usina IV-P.Afonso IV, C4 |
0.6 |
500 |
Jul/81 |
Dec/42 |
|
Usina IV-P.Afonso IV, C5 |
0.6 |
500 |
Dec/81 |
Dec/42 |
|
Usina IV-P.Afonso IV, C6 |
0.6 |
500 |
May/83 |
Dec/42 |
|
Usina Xingo – Xingo, C1 |
0.9 |
500 |
Oct/95 |
Dec/42 |
|
Usina Xingo – Xingo, C2 |
0.9 |
500 |
Oct/95 |
Dec/42 |
|
Usina Xingo – Xingo, C3 |
0.9 |
500 |
Oct/95 |
Dec/42 |
|
Usina.Xingo.- Xingo, C4 |
0.9 |
500 |
Oct/95 |
Dec/42 |
|
Usina Xingo – Xingo, C5 |
0.8 |
500 |
Mar/94 |
Dec/42 |
|
Usina Xingo – Xingo, C6 |
0.8 |
500 |
Nov/94 |
Dec/42 |
|
Xingo-Jardim, C1 |
159.8 |
500 |
May/00 |
Dec/42 |
|
Xingo-Messias, C1 |
219.0 |
500 |
Feb/93 |
Dec/42 |
|
Sub-Total - 500 Kv |
5,203.6 |
|
|
|
|
Angelim-Messias, C1 |
78.9 |
230 |
Apr/77 |
Dec/42 |
|
Angelim-Messias, C2 |
78.5 |
230 |
Oct/76 |
Dec/42 |
|
Angelim-Messias, C3 |
79.1 |
230 |
Aug/86 |
Dec/42 |
|
Angelim-Ribeirão, C1 |
115.7 |
230 |
Jan/53 |
Dec/42 |
|
Angelim-Recife II, C2 |
171.7 |
230 |
Jan/67 |
Dec/42 |
|
Angelim-Recife II, C3 |
171.7 |
230 |
Jan/61 |
Dec/42 |
|
Angelim-Tacaimbó, C1 |
63.9 |
230 |
Mar/63 |
Dec/42 |
|
Angelim-Tacaimbó, C2 |
64.1 |
230 |
Mar/73 |
Dec/42 |
|
Angelim-Tacaimbó, C3 |
65.7 |
230 |
Jun/98 |
Dec/42 |
|
Arapiraca III–Rio Largo II, C1 |
124.7 |
230 |
Jan/98 |
Dec/42 |
|
Arapiraca III–Penedo, C1 |
89.6 |
230 |
Jan/98 |
Dec/42 |
|
Boa Esperança-Teresina, C1 |
198.0 |
230 |
Mar/70 |
Dec/42 |
|
Boa Esperança-Teresina, C2 |
198.0 |
230 |
Dec/81 |
Dec/42 |
|
Bongi-Açonorte, C1 |
6.0 |
230 |
Aug/76 |
Dec/42 |
|
B.Jesus da Lapa-Barreiras, C1 |
233.5 |
230 |
Dec/90 |
Dec/42 |
|
Banabuiu-Fortaleza, C1 |
177.2 |
230 |
Oct/65 |
Dec/42 |
|
Banabuiu-Fortaleza, C2 |
176.0 |
230 |
Jul/78 |
Dec/42 |
|
Aquiraz II-Banabuiu, C1 |
181.8 |
230 |
Aug/78 |
Dec/42 |
|
Aquiraz II-Fortaleza, C1 |
30.1 |
230 |
Aug/78 |
Dec/42 |
|
Banabuiu-Mossoro II, C1 |
177.2 |
230 |
Jul/03 |
Dec/42 |
|
Banabuiu-Russas II, C1 |
110.4 |
230 |
May/71 |
Dec/42 |
|
Bom Nome-Milagres, C1 |
83.7 |
230 |
Sep/61 |
Dec/42 |
|
Bom Nome-Milagres, C2 |
84.1 |
230 |
Dec/74 |
Dec/42 |
|
Bom Nome-Milagres, C3 |
83.9 |
230 |
Sep/79 |
Dec/42 |
|
Cauipe-Sobral, C1 |
177.4 |
230 |
Nov/73 |
Dec/42 |
|
Cicero Dantas-Catu, C1 |
200.7 |
230 |
Mar/68 |
Dec/42 |
|
Cicero Dantas-Catu, C2 |
201.3 |
230 |
Apr/72 |
Dec/42 |
|
Campina Grande-Coteminas, C1 |
2.5 |
230 |
Oct/99 |
Dec/42 |
|
Campina Grande-Goianinha, C1 |
99.3 |
230 |
Feb/70 |
Dec/42 |
|
C. Grande II – Extremoz II C1 |
192.8 |
230 |
Oct/99 |
Dec/42 |
|
Campina Grande II-Natal III, C2 |
176.5 |
230 |
Oct/02 |
Dec/42 |
|
Natal III-Natal II, C1 |
11.6 |
230 |
Oct/99 |
Dec/42 |
|
Natal III-Natal II, C2 |
11.6 |
230 |
Oct/02 |
Dec/42 |
|
Campina Grande II-Paraiso, C1 |
118.1 |
230 |
May/79 |
Dec/42 |
|
Campina Grande II-Paraiso, C2 |
119.0 |
230 |
Apr/79 |
Dec/42 |
|
Camaçari-Caraíba Metais, C1 |
3.2 |
230 |
Feb/82 |
Dec/42 |
|
Camaçari-Cqr, C1 |
7.2 |
230 |
May/92 |
Dec/42 |
|
Camaçari-Cotegipe, C1 |
22.9 |
230 |
Jun/70 |
Dec/42 |
|
Camaçari-Cotegipe, C2 |
23.5 |
230 |
Oct/76 |
Dec/42 |
|
Camaçari-Gov.Mangabeira, C1 |
83.7 |
230 |
Sep/82 |
Dec/42 |
|
Camaçari-Gov.Mangabeira, C2 |
83.7 |
230 |
Sep/82 |
Dec/42 |
|
Camaçari-Jacaracanga, C1 |
19.2 |
230 |
Jul/77 |
Dec/42 |
|
Camaçari-Jacaracanga, C2 |
19.2 |
230 |
Mar/77 |
Dec/42 |
|
Camaçari-Matatu, C1 |
47.0 |
230 |
Aug/53 |
Dec/42 |
|
Camaçari-Pituaçu, C1 |
39.2 |
230 |
Oct/84 |
Dec/42 |
|
Camaçari-Pituaçu, C2 |
39.2 |
230 |
Jan/02 |
Dec/42 |
|
85 |
|
|
|
From-To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Cotegipe-Jacaracanga, C1 |
15.2 |
230 |
Dec/71 |
Dec/42 |
|
Cotegipe-Matatu, C1 |
30.0 |
230 |
May/77 |
Dec/42 |
|
Catu-Camaçari, C1 |
25.0 |
230 |
Jun/70 |
Dec/42 |
|
Catu-Camaçari, C2 |
25.0 |
230 |
Aug/53 |
Dec/42 |
|
Catu-Gov.Mangabeira, C1 |
77.2 |
230 |
Aug/67 |
Dec/42 |
|
Catu-Itabaianinha, C1 |
143.9 |
230 |
Aug/53 |
Dec/42 |
|
Funil-Itapebi, C1 |
198.1 |
230 |
Jul/90 |
Dec/42 |
|
Funil-Itapebi, C2 |
198.1 |
230 |
Jul/90 |
Dec/42 |
|
Fortaleza-Cauipe, C1 |
58.2 |
230 |
Nov/73 |
Dec/42 |
|
Fortaleza II-Delmiro Gouveia, C1 |
7.1 |
230 |
Jun/89 |
Dec/42 |
|
Fortaleza II-Delmiro Gouveia, C2 |
7.1 |
230 |
Jun/89 |
Dec/42 |
|
Fortaleza-Fortaleza II, C1 |
0.3 |
230 |
Feb/00 |
Dec/42 |
|
Fortaleza-Fortaleza II, C2 |
0.3 |
230 |
Feb/00 |
Dec/42 |
|
Fortaleza-Fortaleza II, C3 |
0.3 |
230 |
Oct/05 |
Dec/42 |
|
Fortaleza II-Cauipe, C1 |
58.0 |
230 |
Nov/03 |
Dec/42 |
|
Fortaleza II-Cauipe, C2 |
58.0 |
230 |
Nov/03 |
Dec/42 |
|
Fortaleza II-Pici, C1 |
27.5 |
230 |
May/09 |
Dec/42 |
|
Fortaleza II-Pici, C2 |
27.5 |
230 |
May/09 |
Dec/42 |
|
Goianinha-Santa Rita II, C1 |
59.0 |
230 |
Oct/77 |
Dec/42 |
|
Santa Rita II-Mussuré II, C1 |
17.0 |
230 |
Oct/77 |
Dec/42 |
|
Goianinha-Mussure, C2 |
50.6 |
230 |
Oct/77 |
Dec/42 |
|
Gov.Mangabeira-Sapeaçu, C1 |
23.5 |
230 |
Dec/68 |
Dec/42 |
|
Gov.Mangabeira-Sapeaçu, C2 |
22.5 |
230 |
Feb/84 |
Dec/42 |
|
Gov.Mangabeira-Sapeaçu, C3 |
22.6 |
230 |
Feb/84 |
Dec/42 |
|
Icó-Banabuiú, C1 |
124.7 |
230 |
Dec/77 |
Dec/42 |
|
Itapebi-Eunápolis, C1 |
47.0 |
230 |
Jul/90 |
Dec/42 |
|
Itapebi-Eunápolis, C2 |
47.0 |
230 |
Jul/90 |
Dec/42 |
|
Irecê-Brotas de Macaúba, C1 |
135.4 |
230 |
Sep/81 |
Dec/42 |
|
Brotas de Macaúba-B.J Lapa, C1 |
204.6 |
230 |
Sep/81 |
Dec/42 |
|
Itabaianinha-Itabaiana, C1 |
76.8 |
230 |
Aug/53 |
Dec/42 |
|
Itabaiana-Jardim, C1 |
44.0 |
230 |
Aug/79 |
Dec/42 |
|
Itabaiana-Jardim, C2 |
44.0 |
230 |
Aug/79 |
Dec/42 |
|
Jacaracanga-Alunordeste, C1 |
1.8 |
230 |
May/83 |
Dec/42 |
|
Jacaracanga-Dow, C1 |
7.9 |
230 |
Jul/77 |
Dec/42 |
|
Jacaracanga-Dow, C2 |
7.8 |
230 |
Mar/77 |
Dec/42 |
|
Jardim-Fafen, C1 |
12.5 |
230 |
Aug/81 |
Dec/42 |
|
Jardim-Cia.Vale.Rio Doce, C1 |
0.8 |
230 |
Feb/07 |
Dec/42 |
|
Jaguarari-Sr. do Bonfim II, C1 |
80.7 |
230 |
Jan/80 |
Dec/42 |
|
Juazeiro II-Jaguarari, C1 |
88.0 |
230 |
Jan/80 |
Dec/42 |
|
Juazeiro II-Sr.do Bonfim II, C2 |
148.6 |
230 |
Apr/81 |
Dec/42 |
|
Libra-Libra, C1 |
1.5 |
230 |
Dec/91 |
Dec/42 |
|
Milagres-Banabuiu, C1 |
225.9 |
230 |
Feb/65 |
Dec/42 |
|
Milagres-Ico, C1 |
103.4 |
230 |
Dec/77 |
Dec/42 |
|
Milagres-Banabuiu, C3 |
225.1 |
230 |
Dec/77 |
Dec/42 |
|
Milagres-Coremas, C1 |
119.4 |
230 |
Nov/86 |
Dec/42 |
|
Mirueira-Pau Ferro, C1 |
23.1 |
230 |
Oct/99 |
Dec/42 |
|
Mirueira-Goianinha, C1 |
50.1 |
230 |
Dec/89 |
Dec/42 |
|
Messias-Maceió, C1 |
25.9 |
230 |
Nov/96 |
Dec/42 |
|
Messias-Maceió, C2 |
25.9 |
230 |
Nov/96 |
Dec/42 |
|
Messias-Rio Largo, C1 |
11.9 |
230 |
Aug/86 |
Dec/42 |
|
Messias-Rio Largo, C2 |
11.6 |
230 |
Oct/76 |
Dec/42 |
|
Messias-Rio Largo, C3 |
11.6 |
230 |
Apr/77 |
Dec/42 |
|
Mossoró-Açu, C1 |
71.3 |
230 |
Jul/87 |
Dec/42 |
|
Natal III - Extremoz II, C1 |
17.0 |
230 |
Feb/14 |
Dec/42 |
|
Olindina-Olindina, C1 |
0.2 |
230 |
May/80 |
Dec/42 |
|
Olindina-Olindina, C2 |
0.2 |
230 |
May/80 |
Dec/42 |
|
Paulo Afonso-Angelim, C1 |
221.3 |
230 |
Jan/53 |
Dec/42 |
|
Paulo Afonso-Angelim, C2 |
220.2 |
230 |
Jan/67 |
Dec/42 |
|
Paulo Afonso-Angelim, C3 |
220.2 |
230 |
Jan/61 |
Dec/42 |
|
Paulo Afonso-Angelim, C4 |
221.0 |
230 |
Dec/73 |
Dec/42 |
|
Paulo Afonso-Bom Nome, C1 |
170.1 |
230 |
Oct/61 |
Dec/42 |
|
Paulo Afonso-Bom Nome, C2 |
92.2 |
230 |
Dec/74 |
Dec/42 |
|
Paulo Afonso-Bom Nome, C3 |
170.8 |
230 |
Nov/78 |
Dec/42 |
|
Paulo Afonso-C. Dantas, C1 |
134.2 |
230 |
Mar/68 |
Dec/42 |
|
Paulo Afonso-C. Dantas, C2 |
133.8 |
230 |
Jun/72 |
Dec/42 |
|
Paulo Afonso – Floresta II, C1 |
79.0 |
230 |
Dec/74 |
Dec/42 |
|
Paulo Afonso-Itabaiana, C2 |
162.5 |
230 |
Apr/87 |
Dec/42 |
|
Paulo Afonso-Itabaiana, C3 |
162.5 |
230 |
Sep/85 |
Dec/42 |
|
Paulo Afonso IV-P.Afonso, C1 |
1.1 |
230 |
Oct/79 |
Dec/42 |
|
Paulo Afonso IV-P.Afonso, C2 |
1.4 |
230 |
Feb/81 |
Dec/42 |
|
86 |
|
|
|
From-To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Pau Ferro-Coteminas, C1 |
123.9 |
230 |
Oct/99 |
Dec/42 |
|
Pau Ferro-Campina Grande, C2 |
125.9 |
230 |
Oct/99 |
Dec/42 |
|
Paraiso-Natal II, C1 |
96.2 |
230 |
May/79 |
Dec/42 |
|
Paraiso-Natal II, C2 |
97.2 |
230 |
Apr/79 |
Dec/42 |
|
Piripiri-Sobral, C1 |
167.4 |
230 |
Aug/73 |
Dec/42 |
|
Pituaçu-Narandiba, C1 |
3.6 |
230 |
Nov/83 |
Dec/42 |
|
Pituaçu-Narandiba, C2 |
3.6 |
230 |
Nov/83 |
Dec/42 |
|
Pituaçu-Pituaçu, C1 |
2.0 |
230 |
Jan/77 |
Dec/42 |
|
Recife II-Joairam, C1 |
7.4 |
230 |
Jan/67 |
Dec/42 |
|
Recife II-Joairam, C2 |
7.4 |
230 |
Jan/67 |
Dec/42 |
|
Recife II-Joairam, C3 |
7.4 |
230 |
Jan/61 |
Dec/42 |
|
Joairam-Bongi, C1 |
6.3 |
230 |
Jan/53 |
Dec/42 |
|
Joairam-Bongi, C2 |
6.4 |
230 |
Jan/67 |
Dec/42 |
|
Joairam-Bongi, C3 |
6.4 |
230 |
Jan/61 |
Dec/42 |
|
Recife II-Goianinha, C1 |
71.4 |
230 |
Feb/72 |
Dec/42 |
|
Recife II-Goianinha, C2 |
71.5 |
230 |
Feb/72 |
Dec/42 |
|
Recife II-Mirueira, C1 |
31.0 |
230 |
Jun/80 |
Dec/42 |
|
Recife II-Mirueira, C2 |
31.5 |
230 |
Jun/80 |
Dec/42 |
|
Recife II-Mirueira, C3 |
31.5 |
230 |
Jun/86 |
Dec/42 |
|
Recife II-Pau Ferro, C1 |
33.2 |
230 |
Sep/04 |
Dec/42 |
|
Recife II-Pau Ferro, C2 |
33.2 |
230 |
Sep/04 |
Dec/42 |
|
Recife II-Pirapama II, C1 |
27.6 |
230 |
Jun/80 |
Dec/42 |
|
Recife II-Pirapama II, C2 |
27.6 |
230 |
Jun/80 |
Dec/42 |
|
Ribeirão-Recife II, C1 |
56.6 |
230 |
Sep/94 |
Dec/42 |
|
Rio Largo-Braskem, C1 |
23.2 |
230 |
Jun/76 |
Dec/42 |
|
Quixere-MossoróII,C1 |
50.2 |
230 |
Apr/81 |
Dec/42 |
|
Russas II – Quixere, C1 |
25.4 |
230 |
Apr/81 |
Dec/42 |
|
Sobral III-Sobral II, C1 |
13.8 |
230 |
May/09 |
Dec/42 |
|
Sobral III-Sobral II, C2 |
13.8 |
230 |
May/09 |
Dec/42 |
|
Sobral II – Cccp, 230 Kv, C1 |
2.9 |
230 |
Jun/01 |
Dec/42 |
|
S. Mendes-Picos, C1 |
99.6 |
230 |
Mar/86 |
Dec/42 |
|
S.João Piaui-Eliseu Martins, C1 |
172.9 |
230 |
Feb/98 |
Dec/42 |
|
S.João Piaui-S. Mendes, C1 |
68.2 |
230 |
Jul/85 |
Dec/42 |
|
Sr.do Bonfinal-Irece, C1 |
214.0 |
230 |
Sep/81 |
Dec/42 |
|
Sapeaçu-Funil, C1 |
195.7 |
230 |
Dec/68 |
Dec/42 |
|
Sapeaçu- S.Ant.Jesus, C2 |
32.0 |
230 |
Feb/84 |
Dec/42 |
|
Sapeaçu- S.Ant.Jesus, C3 |
32.0 |
230 |
Feb/84 |
Dec/42 |
|
S.Ant.Jesus-Funil, C2 |
162.1 |
230 |
Feb/84 |
Dec/42 |
|
S.Ant.Jesus-Funil, C3 |
162.6 |
230 |
Feb/84 |
Dec/42 |
|
Tacaimbo-C.Grande II, C1 |
124.7 |
230 |
Jun/85 |
Dec/42 |
|
Tacaimbo-C.Grande II, C2 |
124.7 |
230 |
Jun/85 |
Dec/42 |
|
Teresina I-Teresina II, C1 |
25.3 |
230 |
Sep/02 |
Dec/42 |
|
Teresina I-Teresina II, C2 |
25.3 |
230 |
Sep/02 |
Dec/42 |
|
Teresina-Piripiri, C1 |
154.7 |
230 |
Nov/71 |
Dec/42 |
|
Usina Apol.Sales- P.Afonso, C1 |
5.8 |
230 |
Oct/77 |
Dec/42 |
|
Usina Apol.Sales- P.Afonso, C2 |
5.7 |
230 |
Mar/77 |
Dec/42 |
|
Us. B.Esperança-B.Esperança, C1 |
2.8 |
230 |
Dec/80 |
Dec/42 |
|
Sobradinho-Juazeiro II, C1 |
42.5 |
230 |
Jan/80 |
Dec/42 |
|
Sobradinho-Juazeiro II, C2 |
42.5 |
230 |
Apr/81 |
Dec/42 |
|
Usina II-Paulo Afonso, C1 |
0.7 |
230 |
Oct/61 |
Dec/42 |
|
Usina II-Paulo Afonso, C3 |
0.7 |
230 |
May/67 |
Dec/42 |
|
Usina II-Paulo Afonso, C4 |
0.7 |
230 |
May/67 |
Dec/42 |
|
Usina II-Paulo Afonso, C5 |
0.7 |
230 |
Dec/67 |
Dec/42 |
|
Usina III-Paulo Afonso, C1 |
0.6 |
230 |
Oct/71 |
Dec/42 |
|
Usina III-Paulo Afonso, C2 |
0.6 |
230 |
Apr/72 |
Dec/42 |
|
Usina III-Paulo Afonso, C3 |
0.6 |
230 |
Apr/74 |
Dec/42 |
|
Usina III-Paulo Afonso, C4 |
0.6 |
230 |
Aug/74 |
Dec/42 |
|
Usina I-Paulo Afonso, C1 |
0.6 |
230 |
Jan/55 |
Dec/42 |
|
Usina I-Paulo Afonso, C2 |
0.6 |
230 |
Jan/55 |
Dec/42 |
|
Sub-Total - 230 Kv |
12,585.3 |
|
|
|
|
C.Grande II-S.Cruz II, C1 |
117.3 |
138 |
Apr/63 |
Dec/42 |
|
C.Grande II-Pilões, C1 |
79.3 |
138 |
Jan/68 |
Dec/42 |
|
Paraíso-Santa Cruz II, C1 |
8.7 |
138 |
Jan/68 |
Dec/42 |
|
Pilões – Paraíso, C1 |
107.9 |
138 |
Jan/68 |
Dec/42 |
|
C. Novos-Santana do Matos, C1 |
38.8 |
138 |
Dec/67 |
Dec/42 |
|
Santana do Matos-Açu, C1 |
49.6 |
138 |
Dec/67 |
Dec/42 |
|
Santa Cruz II-C.Novos II, C1 |
55.0 |
138 |
Oct/65 |
Dec/42 |
|
Usina II-Zebu, C1 |
6.0 |
138 |
Dec/64 |
Dec/42 |
|
Sub-Total - 138 Kv |
462.6 |
|
|
|
|
Abaixadora-Mulungu, C1 |
6.5 |
69 |
May/75 |
Dec/42 |
|
Abaixadora-Moxoto, C1 |
5.3 |
69 |
Oct/70 |
Dec/42 |
|
Abaixadora-Zebu, C1 |
5.4 |
69 |
Oct/72 |
Dec/42 |
|
Camacari-Camacari, C2 |
1.4 |
69 |
Jun/60 |
Dec/42 |
|
Cotegipe-Catu, C1 |
48.7 |
69 |
Jun/60 |
Dec/42 |
|
Cotegipe-Catu, C2 |
48.7 |
69 |
Jun/60 |
Dec/42 |
|
Jaboatao-Recife II, C1 |
3.1 |
69 |
Jan/65 |
Dec/42 |
|
M.Reduzido-M.Reduzido, C1 |
0.5 |
69 |
Apr/73 |
Dec/42 |
|
Matatu-Pituacu, C1 |
7.5 |
69 |
Jun/60 |
Dec/42 |
|
Matatu-Pituacu, C2 |
7.4 |
69 |
Jun/60 |
Dec/42 |
|
Pirapama II-Recife II, C1 |
21.3 |
69 |
Jan/65 |
Dec/42 |
|
Pituacu-Cotegipe, C1 |
22.1 |
69 |
Jun/60 |
Dec/42 |
|
Pituacu-Cotegipe, C2 |
21.9 |
69 |
Jun/60 |
Dec/42 |
|
Usina de Pedra-Jequié, C1 |
20.5 |
69 |
Nov/78 |
Dec/42 |
|
Vila Zebu-Itaparica, C1 |
27.0 |
69 |
Jul/77 |
Dec/42 |
|
Zebu-Moxoto, C1 |
7.2 |
69 |
Apr/83 |
Dec/42 |
|
Zebu-Xingo, C1 |
56.5 |
69 |
Aug/81 |
Dec/42 |
|
Sub-total 69 kV |
311.0 |
|
|
|
|
Basic Network Total |
17,788.9 |
|
|
|
|
General Total |
18,562.5 |
|
|
|
|
87 |
|
|
8.1.2.Substations
8.1.2.1. Substations– enterprises not affected by 12,783 Law
|
Substation |
Transformation capacity (MVA) |
Location |
Beginning of Operation |
End of Operation |
|
SS Elev. Usina de Curemas |
5 |
PB |
Jan/68 |
Nov/24 |
|
SS Elev. Usina Term. Camaçari |
400 |
BA |
Sep/78 |
Aug/27 |
|
SS Elev. Usina de Sobradinho |
1,200 |
BA |
Oct/79 |
Feb/22 |
|
SS Tauá II |
102 |
CE |
Dec/07 |
Mar/35 |
|
SS Ibicoara |
410 |
BA |
Jan/11 |
Jun/37 |
|
SS Pilões II |
- |
PB |
Oct/12 |
Dec/42 |
|
SS Santa Rita II |
300 |
PB |
Jul/12 |
Aug/39 |
|
SS Suape III |
200 |
PE |
Jul/12 |
Jan/39 |
|
SS Coteminas |
- |
PB |
Dec/09 |
Dec/42 |
|
SS Natal III |
300 |
RN |
Aug/12 |
Aug/39 |
|
SS Zebu II |
200 |
AL |
Jul/12 |
Aug/39 |
|
SS Brotas de Macaubas |
- |
BA |
Jul/12 |
Dec/42 |
|
SS Brumado |
- |
BA |
Aug/10 |
Jul/40 |
|
SS Camaçari IV |
2,400 |
BA |
Nov/12 |
Jul/40 |
|
SS Sapeaçu |
- |
BA |
May/03 |
Jul/40 |
|
SS Suape II |
600 |
PE |
Dec/12 |
Jan/39 |
|
SS Arapiraca III |
100 |
AL |
Jun/13 |
Oct/40 |
|
SS Extremoz II |
150 |
RN |
Feb/14 |
Nov/40 |
|
SS João Câmara |
360 |
RN |
Feb/14 |
Nov/40 |
|
SS Acaraú |
200 |
CE |
Apr/14 |
Nov/40 |
|
SS Igaporã |
300 |
BA |
Jun/14 |
Nov/40 |
|
SS Jaguarari |
- |
BA |
Jan/80 |
Jul/15 |
|
SS Floresta II ** |
- |
PE |
Oct/14 |
- |
|
SS Tacaratu ** |
- |
PE |
Dec/14 |
- |
|
SS Quixerê ** |
- |
CE |
Nov/14 |
- |
|
SS Aquiraz II*** |
- |
CE |
Dec/13 |
- |
|
SS Pecém II*** |
- |
CE |
Oct/13 |
- |
|
SS Ceará Mirim II*** |
- |
RN |
Sep/14 |
- |
(**)Substations transferred to Chesf by donation, according contract.
(***)Substantions belonged to SPE in which Chesf has own equipment installed of in the entrance of the TL.
|
88 |
|
|
8.1.2.2. Substations– enterprises renewed in accordance with 12,783 Law – O&M
|
Substation |
Transformation capacity (MVA) |
Location |
Beginning of Operation |
End of Operation |
|
SS Elev. Usina Apolonio Sales |
480 |
AL |
Feb/77 |
Dec/42 |
|
SS Elev. Usina Luiz Gonzaga |
1,665 |
PE |
May/88 |
Dec/42 |
|
SS Elev. Usina Paulo Afonso I |
202,5 |
BA |
Jan/55 |
Dec/42 |
|
SS Elev. Usina Paulo Afonso II |
495 |
BA |
Jan/62 |
Dec/42 |
|
SS Elev. Usina Paulo Afonso III |
960 |
BA |
Jan/71 |
Dec/42 |
|
SS Elev. Usina Paulo Afonso IV |
2,700 |
BA |
Nov/79 |
Dec/42 |
|
SS Elev. Usina Piloto |
3 |
BA |
Jan/53 |
Dec/42 |
|
SS Elev. Usina Xingó |
3,330 |
SE |
Nov/94 |
Dec/42 |
|
SS Elev. Usina de Araras |
5 |
CE |
Feb/60 |
Dec/42 |
|
SS Elev. Usina B. Esperança |
280 |
PI |
Mar/70 |
Dec/42 |
|
SS Elev. Usina de Funil |
43,2 |
BA |
Jan/59 |
Dec/42 |
|
SS Elev. Usina de Pedra |
27 |
BA |
Nov/78 |
Dec/42 |
|
SS Pau Ferro |
301 |
PE |
Aug/02 |
Dec/42 |
|
SS Paraiso |
200 |
RN |
Feb/04 |
Dec/42 |
|
SS Bom Nome |
388 |
PE |
Oct/63 |
Dec/42 |
|
SS Irecê |
229 |
BA |
Sep/81 |
Dec/42 |
|
SS Milagres |
1520 |
CE |
Jan/64 |
Dec/42 |
|
SS Mirueira |
401 |
PE |
Aug/78 |
Dec/42 |
|
SS Moxotó |
20 |
BA |
Jan/72 |
Dec/42 |
|
SS Mulungú |
10 |
BA |
May/75 |
Dec/42 |
|
SS Sobradinho |
900 |
BA |
Oct/79 |
Dec/42 |
|
SS Sobral II |
400 |
CE |
Nov/73 |
Dec/42 |
|
SS Tacaimbó |
301 |
PE |
Jun/85 |
Dec/42 |
|
SS Cícero Dantas |
101 |
BA |
May/56 |
Dec/42 |
|
SS Açu II |
378 |
RN |
Nov/89 |
Dec/42 |
|
SS Angelim |
310 |
PE |
Jan/56 |
Dec/42 |
|
SS Angelim II |
0 |
PE |
Jan/80 |
Dec/42 |
|
SS Bongi |
490 |
PE |
May/56 |
Dec/42 |
|
SS Campina Grande II |
610 |
PB |
May/64 |
Dec/42 |
|
SS Itapebi |
- |
BA |
Jan/03 |
Dec/42 |
|
SS Funil |
450 |
BA |
Jan/56 |
Dec/42 |
|
SS SSnhor Do Bonfim II |
333.34 |
BA |
May/81 |
Dec/42 |
|
SS Eunápolis |
400 |
BA |
Sep/98 |
Dec/42 |
|
SS Picos |
173 |
PI |
Jul/92 |
Dec/42 |
|
SS Modelo Reduzido |
12,5 |
BA |
Jan/67 |
Dec/42 |
|
SS Mossoró II |
300 |
RN |
Jan/77 |
Dec/42 |
|
SS Barreiras |
401 |
BA |
Jun/96 |
Dec/42 |
|
SS Sto. Antonio de Jesus |
201 |
BA |
Mar/97 |
Dec/42 |
|
SS Icó |
200 |
CE |
May/97 |
Dec/42 |
|
SS Mussuré II |
401 |
PB |
Mar/79 |
Dec/42 |
|
SS Paulo Afonso |
- |
AL |
Mar/74 |
Dec/42 |
|
SS Penedo |
302 |
AL |
May/97 |
Dec/42 |
|
SS Cauípe |
201 |
CE |
Mar/01 |
Dec/42 |
|
SS Pici II |
400 |
CE |
May/05 |
Dec/42 |
|
SS Piripiri |
297 |
PI |
Aug/73 |
Dec/42 |
|
SS Pituaçu |
402 |
BA |
Mar/83 |
Dec/42 |
|
SS Santa Cruz II |
100 |
RN |
Mar/63 |
Dec/42 |
|
SS Banabuiú |
121 |
CE |
Jan/64 |
Dec/42 |
|
SS Currais Novos II |
92 |
RN |
Nov/75 |
Dec/42 |
|
SS Santana dos Matos II |
50 |
RN |
Nov/75 |
Dec/42 |
|
SS Coremas |
300 |
PB |
Dec/90 |
Dec/42 |
|
SS Fortaleza |
405 |
CE |
Jan/64 |
Dec/42 |
|
SS Joairam |
451 |
PE |
Jul/06 |
Dec/42 |
|
SS Juazeiro da Bahia II |
302 |
BA |
Apr/81 |
Dec/42 |
|
SS Matatu |
380 |
BA |
Jan/65 |
Dec/42 |
|
SS Natal II |
401 |
RN |
Jan/79 |
Dec/42 |
|
SS Itabaianinha |
73 |
SE |
Feb/96 |
Dec/42 |
|
SS Pirapama II |
400 |
PE |
Feb/72 |
Dec/42 |
|
SS Russas II |
300 |
CE |
Nov/82 |
Dec/42 |
|
SS Elizeu Martins |
101 |
PI |
Jan/06 |
Dec/42 |
|
SS Boa Esperança 230 Kv |
110 |
PI |
Mar/70 |
Dec/42 |
|
SS Boa Esperança 500 Kv |
300 |
PI |
Nov/80 |
Dec/42 |
|
SS Xingó 500 Kv |
- |
SE |
Nov/94 |
Dec/42 |
|
SS Paulo Afonso IV |
1,200 |
AL |
Jan/79 |
Dec/42 |
|
SS Recife II |
2,410 |
PE |
Jan/79 |
Dec/42 |
|
SS S. João do Piaui |
418 |
PI |
Nov/80 |
Dec/42 |
|
SS Zebu |
38 |
AL |
Nov/76 |
Dec/42 |
|
SS Abaixadora |
110 |
BA |
Oct/67 |
Dec/42 |
|
SS Bom Jesus da Lapa |
162 |
BA |
Sep/81 |
Dec/42 |
|
SS Gov. Mangabeira |
100 |
BA |
Mar/60 |
Dec/42 |
|
SS Quixadá |
- |
CE |
Jul/03 |
Dec/42 |
|
SS Jacaracanga |
301 |
BA |
Jan/82 |
Dec/42 |
|
SS Ribeirão |
300 |
PE |
Oct/94 |
Dec/42 |
|
SS Rio Largo II |
301 |
AL |
Dec/62 |
Dec/42 |
|
SS Messias |
1201 |
AL |
Nov/94 |
Dec/42 |
|
SS Camaçari II |
2605 |
BA |
Jan/79 |
Dec/42 |
|
SS Catu |
300 |
BA |
May/56 |
Dec/42 |
|
SS Cotegipe |
302 |
BA |
Jan/56 |
Dec/42 |
|
SS Teresina |
600 |
PI |
Apr/70 |
Dec/42 |
|
SS Fortaleza II |
1,800 |
CE |
May/00 |
Dec/42 |
|
SS Goianinha |
300 |
PE |
Jan/61 |
Dec/42 |
|
SS Teresina II |
600 |
PI |
May/00 |
Dec/42 |
|
SS Delmiro Gouveia |
401 |
CE |
Jun/89 |
Dec/42 |
|
SS Maceió |
400 |
AL |
Sep/02 |
Dec/42 |
|
SS Itabaiana |
223 |
SE |
May/57 |
Dec/42 |
|
SS Itaparica |
10 |
PE |
Jan/83 |
Dec/42 |
|
SS Jardim |
1,601 |
SE |
Aug/79 |
Dec/42 |
|
SS Sobral III |
1,200 |
CE |
Apr/00 |
Dec/42 |
|
SS Xingó 69 Kv |
12,5 |
SE |
Jan/87 |
Dec/42 |
|
SS Olindina |
40 |
BA |
Apr/80 |
Dec/42 |
|
SS Luiz Gonzaga 500kv |
- |
PE |
May/88 |
Dec/42 |
|
89 |
|
|
8.2.SPE
8.2.1. Transmission Lines
|
SPE |
From - To |
Participation % |
Extension (km) |
Tension (kV) |
Operation |
End of Concession |
|
Sistema de Transmissão do Nordeste S.A. |
Teresina II/PI to Sobral/CE and Fortaleza/CE |
49.0 |
546 |
500 |
Jan/06 |
Feb/34 |
|
INTESA - Integração Transmissora de Energia S.A. |
Colinas-Miracema-Gurupi-Peixe Nova-Serra da Mesa 2 (TO / GO) |
12.0 |
695 |
500 |
May/08 |
Apr/36 |
|
Manaus Transmissora de Energia S.A. |
Oriximiná - Silves - Lechuga (AM), SS Silves (ex-Itacoatiara) and SS Lechuga (ex-Cariri) |
19.5 |
559 |
500 |
Mar/13 |
Oct/38 |
|
Interligação Elétrica do Madeira S.A. |
TL Coletora Porto Velho/ Araraquara II, CS |
24.5 |
2,375 |
600 |
Aug/13 |
Feb/39 |
|
Extremoz Transmissora do Nordeste –ETN S.A. |
TL Ceará Mirim/João Câmara II
TL Ceará Mirim/ Extremoz II |
49.0 |
64
26 |
500
230 |
Oct/14 |
Oct/41 |
|
90 |
|
|
8.2.2. Substations
|
SPE |
Substation |
Transformation Capacity (MVA) |
Location (State) |
Operation |
End of Operation |
|
Interligação Elétrica do Madeira S.A. |
Retifier Station CA/CC from 500 kV to +/- 600 kV. Inverter Station CC/CA from +/- 600 kV to 500 kV. |
3,150
2,950 |
RO
SP |
May/14 |
Feb/39 |
|
TDG – Transmissora Delmiro Gouveia S.A. |
SS – Pecém II, 500/230 kV.
SS – Aquiraz, 230/69 kV. |
3,600
450 |
CE |
Oct/13
Nov/13 |
Jul/40
Jul/40 |
|
Extremoz Transmissora do Nordeste - ETN S.A. |
SS – João Câmara III, 500/138 kV
SS – Ceará Mirim II, 500/230 kV
|
900
900
|
RN
RN
|
Oct/14 |
Oct/41 |
9. Transmission losses %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2.87 |
3.16 |
1.93 |
1.74 |
2.41 |
10.Main investments of parent company– R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 Budget |
|
Generation |
66.03 |
57.34 |
50.08 |
60.21 |
233.66 |
424.73 |
|
Generation system maintenance |
14.83 |
25.20 |
19.32 |
39.22 |
98.57 |
151.59 |
|
Combined cycle of UTE Camaçari |
0.03 |
0.05 |
0.04 |
0.04 |
0.16 |
1.09 |
|
Wind Power Casa Nova |
25.82 |
9.22 |
16.93 |
57.34 |
57.34 |
86.36 |
|
Deployment of Wind Park |
0.13 |
0.95 |
0.47 |
2.16 |
2.16 |
42.27 |
|
Extension of electric Energy System |
- |
- |
- |
- |
- |
1.00 |
|
Extension Generation Cap. HEP Luiz Gonzaga (Itaparica) |
- |
- |
- |
- |
- |
0.62 |
|
Implant. Solar project - Power Generation |
0.01 |
0.04 |
0.03 |
0.02 |
0.1 |
1.60 |
|
Itaparica resettlement area irrigation |
25.21 |
21.88 |
13.29 |
14.94 |
75.32 |
140.20 |
|
Transmission |
221.01 |
228.18 |
185.82 |
272.03 |
907.04 |
1,253.70 |
|
System Extension |
94.94 |
106.30 |
91.29 |
126.30 |
418.83 |
629.14 |
|
Reimforcement and improvements |
93.38 |
89.85 |
69.61 |
88.59 |
341.43 |
433.06 |
|
System maintenance |
32.52 |
31.90 |
24.71 |
57.13 |
146.26 |
190.5 |
|
Suape II / Suape III venture |
0.17 |
0.13 |
0.21 |
0.0 |
0.51 |
1.00 |
|
Others |
12.06 |
12.22 |
16.41 |
56.26 |
96.95 |
162.18 |
|
Total |
299.10 |
297.74 |
252.31 |
388.49 |
1.237.64 |
1,840.61 |
11.New investments
11.1.Generation
11.1.1.Own assets
|
Unit |
Location (State) |
Total Investment (R$ million) |
Installed capacity (MW) |
Guaranteed energy (Avg MW) |
Operation |
Construction |
End of Concession | |
|
Total |
Up to 4Q14 | |||||||
|
UEE Casa Nova I |
BA |
800.0 |
653.4 |
180.0 |
61.4 |
Sep/15 |
May/12 |
Jan/46 |
|
UEE Casa Nova II |
BA |
102.5 |
1.2 |
28.0 |
7.1 |
May/18 |
Sep/15 |
Jul/49 |
|
UEE Casa Nova III |
BA |
93.1 |
1.0 |
24.0 |
5.5 |
May/18 |
Sep/15 |
Jul/49 |
|
91 |
|
|
11.1.2.SPE
|
SPE |
Unit |
Location (State) |
Installed capacity (MW) |
Guaranteed energy (MW Avg) |
Operation |
Construction |
End of Concession |
|
ESBR Participações S.A. |
HPU Jirau |
RO |
3,750.0 |
2,184.6 |
Sep/13 |
Dec/09 |
Aug/43 |
|
Norte Energia S.A. |
HPU B. Monte |
PA |
11,233.1 |
4,571.0 |
Nov/15 |
Aug/11 |
Aug/45 |
|
Cia Energética Sinop S.A. |
HPU Sinop |
MT |
400.0 |
239.8 |
Jan/18 |
Dec/13 |
Dec/47 |
|
Wind PlantCaiçara I S.A. |
Wind Plant Caiçara I |
CE |
30.0 |
13.5 |
Jan/16 |
Jul/14 |
Jun/47 |
|
Wind PlantCaiçara II S.A. |
Wind PlantCaiçara II |
CE |
21.0 |
9.3 |
Jan/16 |
Jul/14 |
Jul/47 |
|
Wind PlantJunco I S.A. |
Wind PlantJunco I |
CE |
30.0 |
12.1 |
Jan/16 |
Jul/14 |
Jul/47 |
|
Wind PlantJunco II S.A |
Wind PlantJunco II |
CE |
30.0 |
11.1 |
Jan/16 |
Jul/14 |
Jul/47 |
|
V. de Santa Joana IX Energia Renováveis S.A. |
Wind Plant Santa Joana IX |
PI |
30.0 |
15.8 |
Sep/15 |
Mar/14 |
Apr/49 |
|
V. de Santa Joana X Energia Renováveis S.A. |
Wind Plant Santa Joana X |
PI |
30.0 |
16.0 |
Sep/15 |
Mar/14 |
Apr/49 |
|
V. de Santa Joana XI Energia Renováveis S.A. |
Wind Plant Santa Joana XI |
PI |
30.0 |
16.0 |
Sep/15 |
Mar/14 |
Apr/49 |
|
V. de Santa Joana XII Energia Renováveis S.A. |
Wind Plant Santa Joana XII |
PI |
30.0 |
16.9 |
Sep/15 |
Mar/14 |
Apr/49 |
|
V. de Santa Joana XIII Energia Renováveis S.A. |
Wind Plant Santa Joana XIII |
PI |
30.0 |
16.0 |
Sep/15 |
Mar/14 |
Apr/49 |
|
V. de Santa Joana XV Energia Renováveis S.A. |
Wind Plant Santa Joana XV |
PI |
30.0 |
16.2 |
Sep/15 |
Mar/14 |
Apr/49 |
|
V. de Santa Joana XVI Energia Renováveis S.A. |
Wind Plant Santa Joana XVI |
PI |
30.0 |
17.4 |
Sep/15 |
Mar/14 |
Apr/49 |
|
Baraúnas I Energética S.A. |
Wind PlantBaraúnas I |
BA |
29.7 |
12.4 |
Sep/15 |
Mar/14 |
Apr/49 |
|
Mussambê Energética S.A. |
Wind PlantMussambê |
BA |
29.7 |
11.5 |
Sep/15 |
Mar/14 |
Apr/49 |
|
Morro Branco I Energética S.A. |
Wind Plant Morro Branco I |
BA |
29.7 |
12.7 |
Sep/15 |
Mar/14 |
Apr/49 |
|
Caititú 2 Energia S.A. |
Wind PlantCaititú 2 |
BA |
14.0 |
5.1 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Caititú 3 Energia S.A. |
Wind PlantCaititú 3 |
BA |
14.0 |
4.7 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Teiú 2 Energia S.A. |
Wind PlantTeiú 2 |
BA |
14.0 |
4.2 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Arapapá Energia S.A. |
Wind PlantArapapá |
BA |
10.0 |
2.2 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Carcará Energia S.A. |
Wind PlantCarcará |
BA |
10.0 |
4.6 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Corrupião 3 Energia S.A. |
Wind PlantCorrupião 3 |
BA |
14.0 |
4.2 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Acauã Energia S.A. |
Wind PlantAcauã |
BA |
12.0 |
3.1 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Angical 2 Energia S.A. |
Wind PlantAngical 2 |
BA |
14.0 |
5.1 |
Sep/15 |
Feb/15 |
Apr/49 |
|
Banda de Couro Energética S.A. |
Wind Plant Banda de Couro |
BA |
29.7 |
12.9 |
May/18 |
Jan/15 |
Jul/49 |
|
Baraúnas II Energética S.A. |
Wind PlantBaraunas II |
BA |
21.6 |
7.8 |
May/18 |
Jan/15 |
Jul/49 |
|
Coqueirinho 2 Energia S.A. |
Wind PlantCoqueirinho 2 |
BA |
20.0 |
8.5 |
Jan/16 |
Feb/15 |
Jun/49 |
|
Papagaio Energia S.A. |
Wind PlantPapagaio |
BA |
18.0 |
4.9 |
Jan/16 |
Feb/15 |
Jun/49 |
|
Tamanduá Mirim 2 Energia S.A. |
Wind PlantTamanduá Mirim 2 |
BA |
24.0 |
8.0 |
May/18 |
Feb/15 |
Jun/49 |
|
Eólica Serra das Vacas I S.A. |
Wind PlantSerra das Vacas I |
PE |
30.0 |
12.2 |
Jan/16 |
Aug/14 |
Jun/49 |
|
Eólica Serra das Vacas II S.A. |
Wind Plant Serra das Vacas II |
PE |
30.0 |
9.9 |
Jan/16 |
Aug/14 |
Jun/49 |
|
Eólica Serra das Vacas III S.A. |
Wind Plant Serra das Vacas III |
PE |
30.0 |
11.0 |
Jan/16 |
Aug/14 |
Jun/49 |
|
Eólica Serra das Vacas IV S.A. |
Wind Plant Serra das Vacas IV |
PE |
30.0 |
10.5 |
Jan/16 |
Aug/14 |
Jun/49 |
|
V. de Santa Joana I Energia Renováveis S.A. |
Wind Plant Santa Joana I |
PI |
30.0 |
14.7 |
Jan/16 |
Jun/14 |
Jun/49 |
|
V. de Santa Joana III Energia Renováveis S.A. |
Wind Plant Santa Joana III |
PI |
30.0 |
14.3 |
Jan/16 |
Jun/14 |
Jun/49 |
|
V. de Santa Joana IV Energia Renováveis S.A. |
Wind Plant Santa Joana IV |
PI |
30.0 |
14.2 |
Jan/16 |
Jun/14 |
Jun/49 |
|
V. de Santa Joana V Energia Renováveis S.A. |
Wind Plant Santa Joana V |
PI |
30.0 |
14.1 |
Jan/16 |
Jun/14 |
Jun/49 |
|
V. de Santa Joana VII Energia Renováveis S.A. |
Wind Plant Santa Joana VII |
PI |
30.0 |
14.8 |
Jan/16 |
Jun/14 |
Jun/49 |
|
V. de Santo Augusto IV Energia Renováveis S.A. |
Wind Plant Santo Augusto IV |
PI |
30.0 |
15.7 |
Jan/16 |
Jun/14 |
Jun/49 |
|
92 |
|
|
11.1.2.1 SPE
|
SPE |
Unit |
Investiment (R$ million) |
Working Schedule (%) |
Participation (%) |
Partners | |
|
Total |
Up to 4Q14 | |||||
|
ESBR Participações S.A. |
HPU Jirau |
18,968.0 |
17,080.0 |
90.1 |
20.00
|
Suez Energy Mizha Energia Eletrosul |
|
Norte Energia S.A. |
HPU B. Monte |
29,375.0 |
14,983.6 |
58.6 |
15.00 |
Eletrobras/Eletronorte Petros/ Belo Monte Part Amazonas Energia e Outros |
|
Cia Energética Sinop S.A. |
HPU Sinop |
1,804.8 |
79.6 |
12.0 |
24.50 |
Eletronorte/ EDF UTE Norte Fluminense |
|
Wind PlantCaiçara I S.A. |
Wind Plant Caiçara I |
134.0 |
32.4 |
22.2 |
49.00 |
Envolver Participações |
|
Wind PlantCaiçara II S.A. |
Wind Plant Caiçara II |
93.3 |
22.5 |
14.8 |
49.00 |
Envolver Participações |
|
Wind Plant Junco I S.A. |
Wind Plant Junco I |
120.8 |
73.1 |
10.1 |
49.00 |
Envolver Participações |
|
Wind Plant Junco II S.A. |
Wind Plant Junco II |
120.8 |
30.4 |
16.0 |
49.00 |
Envolver Participações |
|
V. de Santa Joana IX Energia Renováveis S.A. |
Wind Plant Santa Joana IX |
102.9 |
58.5 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana X Energia Renováveis S.A. |
Wind Plant Santa Joana X |
102.9 |
56.5 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana XI Energia Renováveis S.A. |
Wind Plant Santa Joana XI |
102.9 |
51.2 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana XII Energia Renováveis S.A. |
Wind Plant Santa Joana XII |
102.9 |
64.6 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana XIII Energia Renováveis S.A. |
Wind Plant Santa Joana XIII |
102.9 |
56.6 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana XV Energia Renováveis S.A. |
Wind Plant Santa Joana XV |
102.9 |
77.7 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana XVI Energia Renováveis S.A. |
Wind Plant Santa Joana XVI |
102.9 |
62.4 |
73.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
Baraúnas I Energética S.A. |
Wind Plant Baraúnas I |
104.0 |
26.0 |
22.0 |
49.00 |
Brennand Energia S.A./ Brennand Energia Eólica |
|
Mussambê Energética S.A. |
Wind Plant Mussambê |
104.0 |
26.0 |
22.0 |
49.00 |
Brennand Energia S.A./ Brennand Energia Eólica |
|
Morro Branco I Energética S.A. |
Wind Plant Morro Branco I |
104.0 |
26.0 |
22.0 |
49.00 |
Brennand Energia S.A./ Brennand Energia Eólica |
|
Caititu 2 Energia S.A. |
Wind Plant Caititú 2 |
40.2 |
13.2 |
* |
99.96 |
Sequoia |
|
Caititu 3 Energia S.A. |
Wind Plant Caititú 3 |
40.2 |
13.2 |
* |
99.96 |
Sequoia |
|
Teiú 2 Energia S.A. |
Wind Plant Teiú 2 |
40.2 |
10.6 |
* |
99.95 |
Sequoia |
|
Arapapá Energia S.A. |
Wind Plant Arapapá |
28.7 |
5.3 |
* |
99.90 |
Sequoia |
|
Carcará Energia S.A. |
Wind Plant Carcará |
28.7 |
13.2 |
* |
99.96 |
Sequoia |
|
Corrupião 3 Energia S.A. |
Wind Plant Corrupião 3 |
40.2 |
13.2 |
* |
99.96 |
Sequoia |
|
Acauã Energia S.A. |
Wind Plant Acauã |
34.4 |
7.9 |
* |
99.93 |
Sequoia |
|
Angical 2 Energia S.A. |
Wind Plant Angical 2 |
40.2 |
13.2 |
* |
99.96 |
Sequoia |
|
Coqueirinho 2 Energia S.A. |
Wind Plant Coqueirinho 2 |
74.0 |
18.5 |
* |
99.98 |
Sequoia |
|
Papagaio Energia S.A. |
Wind Plant Papagaio |
66.6 |
11.6 |
* |
99.96 |
Sequoia |
|
Tamanduá Mirim 2 Energia S.A. |
Wind Plant Tamanduá Mirim 2 |
73.2 |
21.1 |
* |
49.00 |
Sequoia |
|
Baraúnas II Energética S.A. |
Wind Plant Baraunas II |
75.6 |
4.5 |
0.0 |
49.00 |
Brennand Energia/ Brennand Energia Eólica S.A |
|
Banda de Couro Energética S.A. |
Wind Plant Banda de Couro |
104.0 |
3.0 |
0.0 |
49.00 |
Brennand Energia/ Brennand Energia Eólica S.A |
|
Eólica Serra das Vacas I S.A. |
Wind Plant Serra das Vacas I |
124.4 |
27.1 |
1.8 |
49.00 |
PEC Energia |
|
Eólica Serra das Vacas II S.A. |
Wind Plant Serra das Vacas II |
122.6 |
25.6 |
1.8 |
49.00 |
PEC Energia |
|
Eólica Serra das Vacas III S.A. |
Wind Plant Serra das Vacas III |
122.6 |
24.9 |
1.8 |
49.00 |
PEC Energia |
|
Eólica Serra das Vacas IV S.A. |
Wind Plant Serra das Vacas IV |
122.6 |
25.9 |
1.8 |
49.00 |
PEC Energia |
|
V. de Santa Joana I Energia Renováveis S.A. |
Wind Plant Santa Joana I |
105.3 |
17.0 |
31.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana III Energia Renováveis S.A. |
Wind Plant Santa Joana III |
105.3 |
22.3 |
31.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana IV Energia Renováveis S.A. |
Wind Plant Santa Joana IV |
105.3 |
13.1 |
31.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana V Energia Renováveis S.A. |
Wind Plant Santa Joana V |
105.3 |
12.9 |
31.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santa Joana VII Energia Renováveis S.A. |
Wind Plant Santa Joana VII |
105.3 |
14.3 |
31.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
V. de Santo Augusto IV Energia Renováveis S.A. |
Wind Plant Santo Augusto IV |
105.3 |
13.0 |
31.0 |
49.00 |
Contour Global/ SalusFip/ Ventos de Santa Joana |
|
93 |
|
|
11.2.Transmission
11.2.1.Own assets
11.2.1.1.Transmission lines
|
Own Lines |
Investment (R$ million) |
TL Extension (km) |
Tension (kv) |
Operation |
End of Concession |
|
From - To | |||||
|
Eunápolis/Teixeira Freitas II C1 |
30.09 |
145 |
230 |
Dec/15 |
Oct/38 |
|
Funil/Itapebi C3 |
41.07 |
223 |
230 |
Apr/16 |
Apr/37 |
|
Eunápolis/Teixeira Freitas II C2 |
44.15 |
152 |
230 |
Dec/15 |
Aug/39 |
|
Pau Ferro/Santa Rita II |
34.00 |
85 |
230 |
Feb/16 |
Aug/39 |
|
Paraiso/Açu II, C3 |
59.48 |
123 |
230 |
Sep/15 |
Nov/40 |
|
Açu/Mossoró II, C2 |
69 |
Sep/15 |
Nov/40 | ||
|
Sobral III/Acaraú II |
25.87 |
97 |
230 |
Apr/15 |
Nov/40 |
|
Morro do Chapéu II/Irecê |
22.13 |
65 |
230 |
Sep/15 |
Oct/41 |
|
Paraíso/Lagoa Nova II |
33.11 |
65 |
230 |
Jul/15 |
Oct/41 |
|
Teresina II/Teresina III |
13.76 |
26 |
230 |
Oct/15 |
Dec/41 |
|
Recife II/Suape II, C2 |
61.12 |
44 |
230 |
Jul/16 |
Dec/41 |
|
Camaçari IV/Sapeaçu |
84.29 |
105 |
230 |
Aug/16 |
Dec/41 |
|
Sapeaçu/Sto.Antonio de Jesus |
31 |
230 |
Jun/16 |
Dec/41 | |
|
Jardim/ N Sra do Socorro |
13.60 |
1,3 |
230 |
Jun/15 |
May/42 |
|
Messias/ Maceió II |
20 |
230 |
Sep/15 |
May/42 | |
|
Camaçari IV/Pirajá |
47.07 |
45 |
230 |
Jun/16 |
May/42 |
|
Pituaçú/Pirajá |
5 |
230 |
Jun/16 |
May/42 | |
|
kV Mossoró II/ Mossoró IV |
81.74 |
40 |
230 |
Dec/15 |
Jun/42 |
|
Ceará Mirim II/Touros |
56 |
230 |
Dec/15 |
Jun/42 | |
|
Russas II/ Banabuiu C2 |
110 |
230 |
May/16 |
Jun/42 | |
|
Igaporã II – Igaporã III C1 e C2 |
77.50 |
4 |
230 |
May/15 |
Jun/42 |
|
Igaporã III – Pindaí II |
46 |
230 |
May/15 |
Jun/42 |
11.2.1.2.Substations
|
Substation |
Total Investment R$ million |
Transformation capacity (MVA) |
Location |
Operation |
End of Operation |
|
SS 230/69 kv Polo |
17.18 |
100 |
BA |
Jan/15 |
Oct/40 |
|
SS 230 kv Morro do Chapéu |
24.33 |
150 |
BA |
Sep/15 |
Oct/41 |
|
SS 230 kv Lagoa Nova |
51.22 |
300 |
RN |
Apr/15 |
Oct/41 |
|
SS 230 kv Ibiapina |
200 |
CE |
Oct/15 | ||
|
SS 230/69 kv Teresina III |
29.21 |
400 |
PI |
Jul/15 |
Dec/41 |
|
SS 230/69 kv N.S. Socorro |
94.43 |
300 |
SE |
Feb/15 |
May/42 |
|
SS 230/69 kv Maceió II |
400 |
AL |
Sep/15 | ||
|
SS 230/138 kv Poções II |
200 |
BA |
May/15 | ||
|
SS 230/69 kv Pirajá |
30.57 |
360 |
BA |
Sep/15 |
May/42 |
|
SS 230/69 kv Mirueira II |
68.77 |
300 |
PE |
Jan/15 |
May/42 |
|
SS 230/69 kv Jaboatão II |
300 |
Jan/16 | |||
|
SS 230 kv Touros |
46.18 |
150 |
RN |
Aug/15 |
Dec/42 |
|
SS 230 kv Mossoró IV |
100 |
Sep/15 | |||
|
SS 500/230 kv Igaporã III |
99.44 |
2,050 |
BA |
May/15 |
Jun/42 |
|
SS 230 kv Pindaí II | |||||
|
SS 230/138 kV Teixeira de Freitas II |
17.91 |
100 |
BA |
Dec/15 |
Oct/38 |
|
94 |
|
|
11.2.2.SPEs
11.2.2.1.Transmission lines
|
SPE |
From - To
|
Participation (%) |
Investiment (R$ million) |
Extension (Km) |
Tension (kV) |
Operation |
End of Concession | |
|
Total |
Up to 4Q14 | |||||||
|
TDG Transmissora Delmiro Gouveia S.A. |
TL São Luiz II/ São Luiz III |
49 |
367.9 |
362.0 |
156 |
230 |
Aug/15 |
Jul/40 |
|
Extremoz Transmissora do Nordeste –ETN S.A. |
TL Ceará Mirim/ Campina III, 500 kV. |
49 |
169.8* |
79.1* |
201 |
500 |
Apr/15 |
Oct/41 |
|
TL Campina Grande III/Campina Grande II, 230 kV. |
8,5 |
230 | ||||||
|
Interligação Elétrica Garanhuns S.A. |
TL Luiz Gonzaga/ Garanhuns, 500 kV |
49 |
560.1 |
508.5 |
224 |
500 |
Jul/15 |
Dec/41 |
|
TL Garanhuns/ Campina Grande III, 500 kv |
190 |
500 | ||||||
|
TL Garanhuns/ Pau Ferro, 500 kV |
239 |
500 | ||||||
|
TL Garanhuns/ Angelim I, 230 kV. |
13 |
230 | ||||||
* The amounts are linked to TL’s: Ceará-Mirim/João Camara III and Ceará Mirim/Extremoz II, that are currently under Operation.
11.2.2.2.Substations
|
SPE |
Substation |
Investiment (R$ million) |
Up to 4Q14 (R$ million) |
Transformation Capacity (KV) |
Location (State) |
Beginning of Operation |
End of Concession |
|
Extremoz Transmissora do Nordeste - ETN S.A. |
SS – Campina Grande III, 500/230 kV. |
214.3* |
198.1* |
500/230
|
PB
|
Apr/15 |
Oct/41 |
|
Interligação Elétrica Garanhuns S.A.
|
SS – Garanhuns, 500/230 kV
SS – Pau Ferro, 500/230 kV. |
131.38
99.85 |
91.45
68.84 |
500/230
500/230 |
PE |
Jul/15 |
Dec/41 |
* The amounts are also linked to Substation João Camara III and Cearámirim II, that are currently under Operation.
12.Loans and financing – R$ million
Local currency – LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras |
41.6 |
39.3 |
37.0 |
34.7 |
09/30/2018 |
5.0% p.y |
|
Eletrobras |
0.2 |
0.2 |
0.1 |
0.1 |
05/30/2015 |
5.0% p.y |
|
Eletrobras |
0.2 |
0.2 |
0.1 |
0.1 |
05/30/2016 |
5.0% p.y |
|
Eletrobras |
4.5 |
4.1 |
3.7 |
3.3 |
02/28/2017 |
5.0% p.y |
|
Eletrobras |
0.4 |
0.4 |
0.4 |
0.4 |
12/30/2018 |
Inflation Index |
|
Eletrobras |
5.0 |
4.6 |
4.2 |
3.8 |
04/30/2016 |
5.0% p.y |
|
Banco do Brasil |
509.8 |
510.2 |
510.9 |
511.1 |
09/28/2018 |
115% of CDI |
|
Banco do Nordeste – Maq/Equip/Benf |
270.1 |
259.3 |
248.5 |
237.7 |
06/30/2020 |
7.5% p.y |
|
Banco do Nordeste – Finame (PSI-BK) |
13.5 |
12.9 |
12.3 |
11.8 |
06/15/2020 |
4.5% p.y |
|
Caixa Econômica Federal |
403.9 |
404.4 |
404.3 |
404.6 |
02/27/2019 |
115% of CDI |
|
Total |
1,249.2 |
1,235.6 |
1,221.5 |
1,207.6 |
|
95 |
|
|
Foreign currency – FC– N/A
13.Contracts
13.1.Loans and financing - R$ million
13.1.1.Parent company
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
250.4 |
281.5 |
280.6 |
277.5 |
95.5 |
22.1 |
- |
1,207.60 |
|
Generation |
194.1 |
228.3 |
225.9 |
225.1 |
50.0 |
- |
- |
923.4 |
|
Transmission |
56.3 |
53.2 |
54.7 |
52.4 |
45.5 |
22.1 |
- |
284.2 |
|
Energy tradings |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
250.4 |
281.5 |
280.6 |
277.5 |
95.5 |
22.1 |
- |
1,207.60 |
|
Eletrobras |
14.2 |
21.6 |
6.6 |
- |
- |
- |
- |
42.4 |
|
Others |
236.2 |
259.9 |
274.0 |
277.5 |
95.5 |
22.1 |
- |
1,165.20 |
13.1.2.SPE
Sistema de Transmissão Nordeste S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
18.4 |
19.3 |
20.4 |
21.4 |
22.5 |
23.7 |
53.1 |
178.8 |
|
Transmission |
18.4 |
19.3 |
20.4 |
21.4 |
22.5 |
23.7 |
53.1 |
178.8 |
|
By creditor |
18.4 |
19.3 |
20.4 |
21.4 |
22.5 |
23.7 |
53.1 |
178.8 |
|
Banco do Nordeste do Brasil |
18.4 |
19.3 |
20.4 |
21.4 |
22.5 |
23.7 |
53.1 |
178.8 |
Integração Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
31.2 |
30.6 |
30.6 |
30.6 |
30.6 |
25.5 |
- |
179.1 |
|
Transmission |
31.2 |
30.6 |
30.6 |
30.6 |
30.6 |
25.5 |
- |
179.1 |
|
By creditor |
31.2 |
30.6 |
30.6 |
30.6 |
30.6 |
25.5 |
- |
179.1 |
|
BNDES |
31.2 |
30.6 |
30.6 |
30.6 |
30.6 |
25.5 |
- |
179.1 |
Manaus Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
67.6 |
98.4 |
96.8 |
95.5 |
94.3 |
93.2 |
329.3 |
875.3 |
|
Transmission |
67.6 |
98.4 |
96.8 |
95.5 |
94.3 |
93.2 |
329.3 |
875.3 |
|
By creditor |
67.6 |
98.4 |
96.8 |
95.5 |
94.3 |
93.2 |
329.3 |
875.3 |
|
BNDES |
32.7 |
31.5 |
31.2 |
31.2 |
31.2 |
31.2 |
187.4 |
376.5 |
|
BASA |
34.9 |
66.9 |
65.6 |
64.3 |
63.1 |
62.0 |
141.9 |
498.8 |
Interligação Elétrica do Madeira S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
142.5 |
121.6 |
131.3 |
142.0 |
160.0 |
175.9 |
1,562.3 |
2,293.2 |
|
Transmission |
142.5 |
121.6 |
131.3 |
142.0 |
160.0 |
175.9 |
1,562.3 |
2,293.2 |
|
By creditor |
142.5 |
121.6 |
131.3 |
142.0 |
160.0 |
175.9 |
1,562.3 |
2,293.2 |
|
BNDES |
129.3 |
121.6 |
121.6 |
121.6 |
121.6 |
121.6 |
990.9 |
1,598.9 |
|
BASA |
13.2 |
- |
7.7 |
18.4 |
18.4 |
18.4 |
232.0 |
295.0 |
|
BONDS |
- |
- |
2.0 |
2.0 |
20.0 |
35.9 |
339.4 |
399.3 |
|
96 |
|
|
Interligação Elétrica Garanhuns S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
31.75 |
30.83 |
30.83 |
30.83 |
30.83 |
30.83 |
177.1 |
363.0 |
|
Transmission |
31.75 |
30.83 |
30.83 |
30.83 |
30.83 |
30.83 |
177.1 |
363.0 |
|
By creditor |
31.75 |
30.83 |
30.83 |
30.83 |
30.83 |
30.83 |
177.1 |
363.0 |
|
BNDES |
31.75 |
30.83 |
30.83 |
30.83 |
30.83 |
30.83 |
177.1 |
363.0 |
Transmissora Delmiro Gouveia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
153.0 |
- |
- |
- |
- |
- |
- |
153.0 |
|
Transmission |
153.0 |
- |
- |
- |
- |
- |
- |
153.0 |
|
By creditor |
153.0 |
- |
- |
- |
- |
- |
- |
153.0 |
|
Banco do Nordeste do Brasil S.A. |
153.0 |
- |
- |
- |
- |
- |
- |
153.0 |
ESBR Participações S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
7,985.3 |
11,407.7 |
|
Generation |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
7,985.3 |
11,407.7 |
|
Transmission |
|
|||||||
|
Energy Trading |
|
|||||||
|
By creditor |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
7,985.3 |
11,407.7 |
|
Banco do Nordeste do Brasil S.A. |
12.2 |
12.2 |
12.2 |
12.2 |
12.2 |
12.2 |
171.0 |
244.2 |
|
Banco do Brasil S.A. |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
1,130.7 |
1,615.5 |
|
BNDES |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
3,975.6 |
5,679.6 |
|
Banco Itaú BBA S.A. |
54.5 |
54.5 |
54.5 |
54.5 |
54.5 |
54.5 |
763.2 |
1,090.2 |
|
BASA |
- |
- |
- |
- |
- |
- |
- |
- |
|
CEF |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
1,130.7 |
1,615.5 |
|
Bradesco S.A. |
58.1 |
58.1 |
58.1 |
58.1 |
58.1 |
58.1 |
814.1 |
1,162.7 |
Energética Águas da Pedra S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
34.0 |
34.0 |
33.7 |
33.4 |
33.4 |
33.4 |
202.5 |
404.4 |
|
Generation |
34.0 |
34.0 |
33.7 |
33.4 |
33.4 |
33.4 |
202.5 |
404.4 |
|
Transmission |
|
|||||||
|
Energy Trading |
|
|||||||
|
By creditor |
34.0 |
34.0 |
33.7 |
33.4 |
33.4 |
33.4 |
202.5 |
404.4 |
|
Banco do Nordeste do Brasil S.A. |
|
|||||||
|
Banco do Brasil S.A. |
|
|||||||
|
BNDES |
34.0 |
34.0 |
33.7 |
33.4 |
33.4 |
33.4 |
202.5 |
404.4 |
Norte Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
- |
- |
219.0 |
572.5 |
694.4 |
695.4 |
14,577.9 |
16,759.2 |
|
Generation |
- |
- |
219.0 |
572.5 |
694.4 |
695.4 |
14,577.9 |
16,759.2 |
|
Transmission |
|
|
|
|
|
|
|
|
|
Energy Trading |
|
|
|
|
|
|
|
|
|
By creditor |
- |
- |
219.0 |
572.5 |
694.4 |
695.4 |
14,577.9 |
16,759.2 |
|
BNDES |
- |
- |
144.3 |
344.4 |
415.4 |
416.4 |
8,694.9 |
10,015.3 |
|
CEF |
- |
- |
58.1 |
177.4 |
217.0 |
217.0 |
4,575.7 |
5,245.3 |
|
Others |
- |
- |
16.6 |
50.7 |
62.0 |
62.0 |
1,307.3 |
1,498.6 |
|
97 |
|
|
Junco I S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
56.8 |
- |
- |
- |
- |
- |
- |
56.8 |
|
Generation |
56.8 |
- |
- |
- |
- |
- |
- |
56.8 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
56.8 |
- |
- |
- |
- |
- |
- |
56.8 |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Others |
56.8 |
- |
- |
- |
- |
- |
- |
56.8 |
Junco II S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
69.0 |
- |
- |
- |
- |
- |
- |
69.0 |
|
Generation |
69.0 |
- |
- |
- |
- |
- |
- |
69.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
69.0 |
- |
- |
- |
- |
- |
- |
69.0 |
|
Others |
69.0 |
- |
- |
- |
- |
- |
- |
69.0 |
Caiçara I S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
39.4 |
- |
- |
- |
- |
- |
- |
39.4 |
|
Generation |
39.4 |
- |
- |
- |
- |
- |
- |
39.4 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
39.4 |
- |
- |
- |
- |
- |
- |
39.4 |
|
Others |
39.4 |
- |
- |
- |
- |
- |
- |
39.4 |
Caiçara II S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
18.9 |
- |
- |
- |
- |
- |
- |
18.9 |
|
Generation |
18.9 |
- |
- |
- |
- |
- |
- |
18.9 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
18.9 |
- |
- |
- |
- |
- |
- |
18.9 |
|
Others |
18.9 |
- |
- |
- |
- |
- |
- |
18.9 |
São Pedro do Lago S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
40.0 |
70.0 |
|
Generation |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
40.0 |
70.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
40.0 |
70.0 |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
BNDES |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
40.0 |
70.0 |
|
98 |
|
|
Pedra Branca S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
|
Generation |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
BNDES |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
Sete Gameleiras S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
|
Generation |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
|
Banco do Nordeste do Brasil |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco do Brasil |
- |
- |
- |
- |
- |
- |
- |
- |
|
BNDES |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
38.0 |
68.0 |
Banda de Couro Energética S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC+ FC) |
|
By activity |
3.0 |
- |
- |
- |
- |
- |
- |
3.0 |
|
Generation |
3.0 |
- |
- |
- |
- |
- |
- |
3.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
3.0 |
- |
- |
- |
- |
- |
- |
3.0 |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco HSBC |
3.0 |
- |
- |
- |
- |
- |
- |
3.0 |
|
BNDES |
- |
- |
- |
- |
- |
- |
- |
- |
Baraúnas I Energética S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
29.0 |
|
29.0 | |||||
|
Generation |
29.0 |
- |
- |
- |
- |
- |
- |
29.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
29.0 |
|
29.0 | |||||
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco HSBC S.A. |
29.0 |
- |
- |
- |
- |
- |
- |
29.0 |
|
BNDES |
- |
- |
- |
- |
- |
- |
- |
- |
|
99 |
|
|
Baraúnas II Energética S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
3.0 |
|
3.0 | |||||
|
Generation |
3.0 |
- |
- |
- |
- |
- |
- |
3.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
3.0 |
|
3.0 | |||||
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco HSBC S.A. |
3.0 |
- |
- |
- |
- |
- |
- |
3.0 |
|
BNDES |
- |
- |
- |
- |
- |
- |
- |
- |
Morro Branco I Energética S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
29.0 |
|
29.0 | |||||
|
Generation |
29.0 |
- |
- |
- |
- |
- |
- |
29.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
29.0 |
|
29.0 | |||||
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco HSBC S.A. |
29.0 |
- |
- |
- |
- |
- |
- |
29.0 |
|
BNDES |
- |
- |
- |
- |
- |
- |
- |
- |
Mussambê Energética S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
30.0 |
- |
- |
- |
- |
- |
- |
30.0 |
|
Generation |
30.0 |
- |
- |
- |
- |
- |
- |
30.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
30.0 |
|
30.0 | |||||
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
- |
- |
|
Banco HSBC S.A. |
30.0 |
- |
- |
- |
- |
- |
- |
30.0 |
|
BNDES |
- |
- |
- |
- |
- |
- |
- |
- |
Santa Joana IX
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
43.5 |
- |
- |
- |
- |
- |
|
43.5 |
|
Generation |
43.5 |
- |
- |
- |
- |
- |
|
43.5 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
|
- | |
|
By creditor |
43.5 |
|
|
43.5 | ||||
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
|
||
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
43.5 |
- |
- |
- |
- |
- |
|
43.5 |
|
100 |
|
|
Santa Joana X
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
44.7 |
- |
- |
- |
- |
- |
|
44.7 |
|
Generation |
44.7 |
- |
- |
- |
- |
- |
|
44.7 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
|
- | |
|
By creditor |
44.7 |
- |
- |
- |
- |
|
44.7 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
44.7 |
- |
- |
- |
- |
- |
|
44.7 |
Santa Joana XI
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
43.8 |
- |
- |
- |
- |
- |
|
43.8 |
|
Generation |
43.8 |
- |
- |
- |
- |
- |
|
43.8 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
43.8 |
- |
- |
- |
- |
|
43.8 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
43.8 |
- |
- |
- |
- |
- |
|
43.8 |
Santa Joana XII
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
52.4 |
- |
- |
- |
- |
- |
|
52.4 |
|
Generation |
52.4 |
- |
- |
- |
- |
- |
|
52.4 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
52.4 |
- |
- |
- |
- |
|
52.4 | |
|
Banco do Nordeste do Brasil |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
52.4 |
- |
- |
- |
- |
- |
|
52.4 |
Santa Joana XIII
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
44.2 |
- |
- |
- |
- |
- |
|
44.2 |
|
Generation |
44.2 |
- |
- |
- |
- |
- |
|
44.2 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
44.2 |
- |
- |
- |
- |
|
44.2 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
44.2 |
- |
- |
- |
- |
- |
|
44.2 |
|
101 |
|
|
Santa Joana XV
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
49.1 |
- |
- |
- |
- |
- |
|
49.1 |
|
Generation |
49.1 |
- |
- |
- |
- |
- |
|
49.1 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
49.1 |
- |
- |
- |
- |
|
49.1 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
49.1 |
- |
- |
- |
- |
- |
|
49.1 |
Santa Joana XVI
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
52.0 |
- |
- |
- |
- |
- |
|
52.0 |
|
Generation |
52.0 |
- |
- |
- |
- |
- |
|
52.0 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
52.0 |
- |
- |
- |
- |
|
52.0 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
52.0 |
- |
- |
- |
- |
- |
|
52.0 |
Santa Joana I
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Generation |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
58.7 |
- |
- |
- |
- |
|
58.7 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
Santa Joana III
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
47.5 |
- |
- |
- |
- |
- |
|
47.5 |
|
Generation |
47.5 |
- |
- |
- |
- |
- |
|
47.5 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
47.5 |
- |
- |
- |
- |
|
47.5 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
47.5 |
- |
- |
- |
- |
- |
|
47.5 |
|
102 |
|
|
Santa Joana IV
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
56.2 |
- |
- |
- |
- |
- |
|
56.2 |
|
Generation |
56.2 |
- |
- |
- |
- |
- |
|
56.2 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
56.2 |
- |
- |
- |
- |
|
56.2 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
56.2 |
- |
- |
- |
- |
- |
|
56.2 |
Santa Joana V
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Generation |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
58.7 |
- |
- |
- |
- |
|
58.7 | |
|
Banco do Nordeste do Brasil |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
Santa Joana VII
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Generation |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
58.7 |
- |
- |
- |
- |
|
58.7 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
|
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
|
|
BNDES |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
Santo Augusto IV
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Generation |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
Transmission |
- |
- |
- |
- |
- |
- |
|
- |
|
Energy Trading |
- |
- |
- |
- |
- |
- |
|
- |
|
By creditor |
58.7 |
- |
- |
- |
- |
|
58.7 | |
|
Banco do Nordeste do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
Banco do Brasil S.A. |
- |
- |
- |
- |
- |
- |
|
- |
|
BNDES |
58.7 |
- |
- |
- |
- |
- |
|
58.7 |
|
103 |
|
|
14.Number of employees
14.1.By tenure
Generation
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
155 |
159 |
159 |
158 |
|
6 to 10 |
105 |
124 |
106 |
96 |
|
11 to15 |
120 |
102 |
123 |
132 |
|
16 to 20 |
7 |
25 |
25 |
25 |
|
21 to 25 |
1 |
- |
- |
- |
|
Beyond 25 |
382 |
383 |
384 |
377 |
|
Total |
770 |
793 |
797 |
788 |
Transmission
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
422 |
494 |
495 |
494 |
|
6 to 10 |
208 |
224 |
185 |
175 |
|
11 to15 |
278 |
251 |
289 |
296 |
|
16 to 20 |
31 |
65 |
65 |
65 |
|
21 to 25 |
- |
- |
- |
- |
|
Beyond 25 |
736 |
742 |
740 |
735 |
|
Total |
1,675 |
1,776 |
1,774 |
1,765 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
389 |
391 |
391 |
391 |
|
6 to 10 |
252 |
281 |
248 |
240 |
|
11 to15 |
157 |
155 |
188 |
195 |
|
16 to 20 |
16 |
18 |
18 |
18 |
|
21 to 25 |
3 |
2 |
1 |
1 |
|
Beyond 25 |
1,175 |
1,168 |
1,163 |
1,155 |
|
Total |
1,992 |
2,015 |
2,009 |
2,000 |
14.2.By region
|
State |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Bahia |
1,663 |
1,698 |
1,691 |
1,683 |
|
Pernambuco |
2,189 |
2,289 |
2,291 |
2,279 |
|
Ceará |
316 |
323 |
324 |
319 |
|
Piauí |
269 |
274 |
274 |
272 |
14.3.By departments
|
Department |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
2,953 |
3,070 |
3,071 |
3,065 |
|
Administrative |
1,484 |
1,514 |
1,509 |
1,488 |
15.Complementary work force – N/A
|
104 |
Balance Sheet
(R$ thousand)
|
Assets |
Consolidated | |
|
12.31.14 |
12.31.13 | |
|
Current Assets |
||
|
Availabilities |
344,024 |
395,324 |
|
Clients (Consumers and resellers) |
964,642 |
998,258 |
|
Loans and financing |
- |
- |
|
Marketable Securities |
1,512,459 |
1,661,925 |
|
Dividends to receive (Remuneration of equity participation) |
- |
- |
|
Fiscal Assets deferred (Taxes and contributions) |
152,232 |
71,773 |
|
Income Tax and Social Contribution |
- |
136,865 |
|
Derivatives |
124,635 |
108,339 |
|
Reimbursement Rights - CCC (12,111 law) |
287,031 |
199,031 |
|
Linked deposits |
- |
- |
|
Stored materials |
83,890 |
57,000 |
|
Financial Asset |
384,020 |
271,361 |
|
Receivables - 12,783/13 Law |
367,379 |
331,364 |
|
Others |
259,837 |
204,288 |
|
Current Assets Total |
4,480,149 |
4,435,528 |
|
. |
||
|
Non-Current Assets |
||
|
Clients (Consumers and resellers) |
13,795 |
172,500 |
|
Loans and financing |
- |
- |
|
Marketable Securities |
220 |
205 |
|
Fiscal Assets deferred (Taxes and contributions) |
15,768 |
41,141 |
|
Income Tax and Social Contribution |
1,003,483 |
101,018 |
|
Derivatives |
135,276 |
107,816 |
|
Reimbursement Rights - CCC (12,111 Law) |
- |
- |
|
Linked deposits |
424,646 |
298,920 |
|
Financial Asset – Annual allowed Revenue (transmission) |
4,700,324 |
4,185,989 |
|
Receivables - 12,783/13 Law |
- |
193,296 |
|
Others |
1,469,875 |
1,347,199 |
|
Advances for equity participation |
24,556 |
- |
|
|
7,787,943 |
6,448,084 |
|
INVESTMENTS |
2,622,484 |
2,145,400 |
|
FIXED ASSETS |
7,547,366 |
7,826,431 |
|
INTANGIBLE |
105,466 |
23,412 |
|
Non-Current Assets Total |
18,063,259 |
16,443,327 |
|
Assets Total |
22,543,408 |
20,878,855 |
|
106 |
|
|
|
Liabilities and Stockholders’ Equity |
Consolidated | |
|
12.31.14 |
12.31.13 | |
|
Current Liabilities |
||
|
Suppliers |
987,132 |
558,736 |
|
Loans and financing |
524,604 |
505,285 |
|
Bonds |
13,422 |
12,804 |
|
Taxes and social contribution |
63,355 |
72,009 |
|
Income Tax and Social Contribution |
8 |
1,716 |
|
Derivative financial instruments |
1,867 |
225,423 |
|
Advances from consumers |
52,813 |
48,910 |
|
Shareholders remuneration (dividends payable) |
456,994 |
102,386 |
|
Estimated obligations |
209,405 |
256,233 |
|
Provisions for contingencies |
- |
- |
|
Post-emplyment benefit (Complementary Pension Fund) |
- |
- |
|
Onerous Contracts |
1,687 |
- |
|
Concessions to pay - UBP |
- |
- |
|
Sector charges (regulatory taxes) |
288,184 |
279,396 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
363,869 |
328,672 |
|
Current Liabilities Total |
2,963,340 |
2,391,570 |
|
|
||
|
Non-Current Liabilities |
||
|
Suppliers |
492,649 |
- |
|
Loans and financing |
4,003,132 |
4,427,367 |
|
Bonds |
205,996 |
205,878 |
|
Taxes and social contribution |
- |
- |
|
Income Tax and Social Contribution |
- |
110,161 |
|
Derivative |
70,336 |
195,378 |
|
Advances from consumers |
718,451 |
776,252 |
|
Estimated obligations |
20,013 |
7,929 |
|
Provisions for contingencies |
583,282 |
587,045 |
|
Provision for onerous contract |
45,542 |
85,860 |
|
Post-Employment benefit (Complementary Pension Fund) |
44,801 |
68,822 |
|
Sectorial Charges (regulatory taxes) |
- |
- |
|
Advance for future Capital Increase |
13,042 |
13,330 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
155,859 |
74,302 |
|
Non-Current Liabilities Total |
6,353,103 |
6,552,324 |
|
|
||
|
Stockholders’ Equity |
||
|
Social Capital |
11,563,279 |
11,563,279 |
|
Capital reserves |
- |
- |
|
Profit reserves |
1,246,516 |
126,605 |
|
Additional dividends proposed |
456,777 |
305,053 |
|
Accrued profit/losses |
- |
- |
|
Other comprehensive income |
-39,607 |
-59,976 |
|
Non-controlling participation |
- |
- |
|
|
||
|
Stockholders’ Equity Total |
13,226,965 |
11,934,961 |
|
|
||
|
Liabilities and Stockholders’ Equity Total |
22,543,408 |
20,878,855 |
|
107 |
|
|
(R$ thousand)
|
Consolidated | ||
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
||
|
Generation |
||
|
Plant Supply |
3,509,260 |
2,465,123 |
|
Energy Supply |
1,321,835 |
1,441,592 |
|
Short term electric Energy |
955,264 |
671,710 |
|
O&M Revenue of Renewed Plants |
16,513 |
13,564 |
|
Construction Plant Revenue |
- |
- |
|
Return on Investment - G |
- |
- |
|
|
||
|
Transmission |
||
|
O&M Revenue Renewed Lines |
385,835 |
271,465 |
|
O&M Revenue |
4,438 |
0 |
|
Construction Revenue – Transmission |
251,279 |
331,410 |
|
Return on Investment - T |
239,059 |
159,704 |
|
Other Operating Revenue |
227,043 |
234,263 |
|
|
||
|
Deductions to Operating Revenue |
-864,175 |
-732,882 |
|
Net Operating Revenue |
6,046,351 |
4,855,949 |
|
|
||
|
Operating Costs |
||
|
Electric Energy purchased for resale |
-1,958,821 |
-75,732 |
|
Charges on the use of electric grid |
-525,794 |
-544,198 |
|
Fuel for production of Electric Energy - CCC |
-50,699 |
-19,127 |
|
Construction costs |
-251,279 |
-331,410 |
|
Operating Expenses |
||
|
Personnel, Material and Third part related services |
-1,361,228 |
-1,505,953 |
|
Remuneration and reimbursement |
-224,891 |
-207,335 |
|
Depreciation and amortization |
-451,323 |
-435,496 |
|
Donations and Contributions |
-1,304 |
-2,214 |
|
Provisions |
-207,114 |
201,189 |
|
Others |
-134,503 |
-200,658 |
|
Operating Costs and Expenses |
-5,166,956 |
-3,120,934 |
|
|
||
|
Result of equity participation |
-75,794 |
69,572 |
|
Operating Result before Financial Result |
803,601 |
1,804,587 |
|
|
||
|
Financial Result |
284,585 |
-567,640 |
|
Result before Income Tax / Social Contribution |
1,088,186 |
1,236,947 |
|
|
||
|
Current Income Tax and and social contribution |
26,056 |
-23,138 |
|
Deferred Income Tax and and social contribution |
1,023,907 |
7,506 |
|
Fiscal Incentive Revenue |
-104,684 |
0 |
|
Net income for the period |
2,033,465 |
1,221,315 |
|
108 |
|
|
Cash Flow
(R$ thousand)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Profit/Loss before income tax and social contribution |
1,088,186 |
1,283,948 |
|
Depreciation and amortization |
451,323 |
435,496 |
|
Net monetary and currency variations |
23,614 |
36,048 |
|
Financial charges |
346,025 |
388,473 |
|
Equity Equivalency Result |
75,794 |
-69,572 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of questionable liquidation |
4,197 |
-741,828 |
|
Provision for contingencies |
-2,193 |
85,763 |
|
Provision for staff realignment |
0 |
78,602 |
|
Impairment |
-79,944 |
165,334 |
|
Provision for onerous contract |
-41,697 |
67,375 |
|
Provision for loss on financial asset |
150,554 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Adjustment to present value / market value |
0 |
0 |
|
Minority Participation in the Results |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Revenue of financing assets - IRR |
-239,059 |
-159,704 |
|
Derivative financial instruments |
-392,354 |
238,938 |
|
Others |
198,691 |
343,595 |
|
Variation in operating assets / liabilities |
806,467 |
-890,670 |
|
Cash generated in operating activities |
2,389,604 |
1,261,798 |
|
|
||
|
Financial charges paid |
-460,278 |
-400,457 |
|
Payment of global reversal reserve charges |
0 |
0 |
|
Financial charges received |
0 |
0 |
|
Remuneration received from equity participation |
27,794 |
39,897 |
|
Financial asset revenue by RAP |
293,922 |
178,702 |
|
Receiving compensation for financial asset |
265,003 |
1,311,337 |
|
Payment of income tax and social contribution |
-56,763 |
-9,692 |
|
Payment of pension fund |
0 |
0 |
|
Lawsuits payment |
-17,511 |
-200,523 |
|
Legal deposits |
-125,726 |
237,592 |
|
Net cash operating activities |
2,316,045 |
2,418,654 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
36,802 |
127,332 |
|
Loans and financing payable – principal |
-844,333 |
-913,479 |
|
Payment of Shareholders remuneration |
-418,013 |
0 |
|
Payment on refinancing of taxes and contributions - Principal |
0 |
0 |
|
Receipt of Advance for future Capital Increase |
0 |
0 |
|
Others |
0 |
154,632 |
|
Net financing activities |
-1,225,544 |
-631,515 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Receiving of loans and Financing |
0 |
0 |
|
Acquisition of fixed asset |
-96,194 |
-113,692 |
|
Acquisition of intangible asset |
-6,538 |
-15,154 |
|
Acquisition of Concession asset |
-286,540 |
-335,017 |
|
Advance for future capital increase |
-337,423 |
-21,618 |
|
Acquisition of equity participation |
-563,269 |
-361,430 |
|
Others |
148,163 |
-967,922 |
|
Net cash investment activities |
-1,141,801 |
-1,814,833 |
|
|
||
|
Increase (decrease) in cash and cash equivalent |
-51,300 |
-27,694 |
|
|
||
|
Cash and cash equivalent – beginning of period – 12/31/12 |
395,324 |
423,018 |
|
Cash and cash equivalent – end of period – 12/31/13 |
344,024 |
395,324 |
|
|
-51,300 |
-27,694 |
|
109 |
|
|
Results Analysis
4Q14 x 3Q14
The Company presented in 4Q14 a net profit 306.3% higher than that registered in the previous quarter, from a net loss of R$ 310.6 million in 3Q14, for a net profit of R$ 640.8 million in 4Q14, mainly due to the factors described below.
Operating Revenue
In Generation:
The electric energy supply of increased by 3.6%, from R$ 306.1 million in 3Q14 to R$ 317.1 million in 4Q14, mainly due to increased supply demand in the previous quarter.
The supply to distributors increased by 4.3%, from R$ 946.5 million in 3Q14 to R$ 987 million in 4Q14, mainly due to negotiated energy demand along the CCEAR that in the period presented an increase of R$ 32 million higher than the compared period.
In transmission:
The revenues of transmission system (operation and maintenance) increased by 173.3%, from R$ 49.2 million in 3Q14 to R$ 134.6 million in 4Q14, mainly due to contracts after October 2003, that in the quarter had income of R$ 16 million below the previous quarter.
Operating Expenses
The electric energy purchased for resale decreased by 1.1% from R$ 920.3 million in 3Q14 to R$ 910.6 million in 4Q14, mainly due to reduction of R$ 113 million in energy purchased from CCEE in 4Q14, keeping the same level of the previous quarter..
The operating provisions increased by 2,857.5%, from a reversal of R$ 7.5 million in 3Q14, to a provision of R$ 208.5 million in 4Q14, mainly due to the reversal of onerous contract Coaracy Nunes, constitution of Impairment provision of the TPU Santana and lines and substations of the power transmission segment added to the PPR provision.
Financial Result
The net exchange variations decreased by 3,546.4%, from a revenue of R$ 2.1 million in 3Q14, to an expense of R$ 73.3 million in 4Q14, mainly due to decrease the discharges of liabilities in foreign currency , the dollar showed significant variation in their currency which increased the costs of exchange rate variation.
The others revenues and net financial expenses presented an increase of 1,199.9%, from R$ 10.4 million in 3Q14 to $ 135 million in 4Q14, mainly due to revenue from derivatives constitution in 2014, amounting to R$ 140 million in 2014, an increase of revenue from discounts amounting to R$ 20 million more than in 2013, as well as late fees payment that amounts to R$ 23 million.
The rmuneration of indemnities of 12,783/13 Law decreased by 29.9%, from R$ 44.6 million in 3Q14 to R$ 31.1 million in 4Q14, mainly due to themonetary update on overdue amounts owed by the Government regarding the renewed concessions.
Equity Participation
The result of investment on equity participation decreased by 1,071.9%, from an expense of R$ 10.6 million in 3Q14 to an expense of R$ 123.8 million in 4Q14, mainly due to a decrease in income from equity of Eletronorte about their investments in SPSs.
Tax Incentives Revenue
The revenue from tax incentives increased by 208%, from an expense of R$ 52.8 million in 3Q14 to a R$ 57 million in 4Q14, mainly due to the increase in profit compared to the previous period.
Income Tax and Social Contribution
The social contribution and deferred income tax increased by 28,813.44% from a R$ 3.8 million in 3Q14 to R$ 1,112.6 million in 4Q14, mainly due to the recognition of tax credit.
|
110 |
|
|
Market Data
1.Generation Assets and Energy generated
1.1.Own assets
|
Unit |
Installed Capacity (MW) |
Guaranteed energy (MW Average) |
Energy Generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
HPU Coaracy Nunes |
78.00 |
- |
145,249.77 |
168,302.02 |
169,210.70 |
113,339.60 |
596,102.09 |
|
Complexo de Tucuruí |
8,535.00 |
4,140.00 |
14,108,384.77 |
12,954,494.23 |
7,772,229.19 |
5,224,525.29 |
40,059,633.48 |
|
HPU Samuel |
216.75 |
92.70 |
304,096.87 |
287,107.32 |
147,362.38 |
119,139.03 |
857,705.60 |
|
HPU Curuá-Uma |
30.30 |
24.00 |
63,782.61 |
50,642.72 |
43,716.49 |
42,690.72 |
200,832.54 |
|
TPU Rio Madeira3 |
119.35 |
- |
- |
- |
- |
- |
- |
|
TPU Santana |
177.74 |
- |
145,179.09 |
143,254.91 |
182,490.85 |
237,910.58 |
708,835.43 |
|
TPU Rio Branco I2 |
18.65 |
- |
- |
- |
- |
- |
- |
|
TPU Rio Branco II2 |
32.75 |
- |
- |
- |
- |
- |
- |
|
TPU Rio Acre |
45.49 |
- |
- |
- |
14,468 |
14.42 |
28.89 |
|
TPU – Santarém |
14.76 |
- |
- |
- |
2,765,213 |
3,543.32 |
6,308.53 |
|
TPU Senador Arnon Afonso Farias de Mello* |
85.99 |
- |
- |
- |
- |
|
|
|
TOTAL |
9,354.78 |
4,256.70 |
14,776,693.11 |
13,603,801.20 |
8,317,789.29 |
5,741,162.96 |
42,429,446.56 |
1Ceded to Boa Vista Energia since 02/10/2010
2ANEEL Ordinance no 136 of 01/21/2010, recommends that MME the extinsion of the authorization of public service of UTE Rio Branco I and Rio Branco II
3ANEEL Ordinance n 223 from 01/20/2014, declares as unservable the goods of UTE Rio Madeira.
|
Unit |
Location (State) |
Beginning of Operation |
End of Operation |
|
HPU Coaracy Nunes |
AP |
Oct/75 |
Dec/42 |
|
Complexo de Tucuruí |
PA |
Nov/84 |
Jul/24 |
|
HPU Samuel |
RO |
Jul/89 |
Sep/29 |
|
HPU Curuá-Uma |
PA |
Jul/77 |
Jul/28 |
|
TPU Rio Madeira3 |
RO |
Apr/68 |
Sep/18 |
|
TPU Santana |
AP |
Jan/93 |
May/19 |
|
TPU Rio Branco I |
AC |
Feb/98 |
Jul/20 |
|
TPU Rio Branco II |
AC |
Apr/81 |
Jul/20 |
|
TPU Rio Acre |
AC |
Apr/94 |
Oct/18 |
|
TPU Senador Arnon Afonso Farias de Mello* |
RR |
1st Unit (mac. 2) Dec/90; 2ndUnit (mac. 1) Jun/91; 3rd Unit (mac. 3) Dec/93 |
Aug/24 |
|
TPU – Santarém |
PA |
Jun/14 |
Jun/34 |
1Ceded to Boa Vista Energia since 02/10/2010
2ANEEL Ordinance no 136 of 01/21/2010, recommends that MME the extinsion of the authorization of public service of UTE Rio Branco I and Rio Branco II
3ANEEL Ordinance n 223 from 01/20/2014, declares as unservable the goods of UTE Rio Madeira.
|
111 |
|
|
1.2.SPE
|
SPE |
Unit |
Installed Capacity (MW) |
Guaranteed energy (MW Average) |
Energy generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
EAPSA - Energia Águas Da Pedra S.A. |
HPU Dardanelos |
261.00 |
154.9 |
544,046.35 |
465,653.50 |
98,142.47 |
129,698.67 |
1,237,540.99 |
|
Amapari Energia S.A. |
TPU Serra do Navio |
23.28 |
21.0 |
32,592.85 |
4,091.86 |
379.46 |
33.19 |
37,097.36 |
|
Brasventos Miassaba 3 Geradora de Energia S.A |
Wind Plant Miassaba 3 |
68.47 |
22.8 |
43,316.00 |
30,074.00 |
59,361.00 |
61,045.00 |
193,796.00 |
|
Brasventos Eolo Geradora de Energia S.A. |
Wind Plant Rei dos Ventos 1 |
58.45 |
21.9 |
22,572.00 |
23,435.00 |
46,517.00 |
51,252.00 |
143,776.00 |
|
Rei dos Ventos 3 Geradora de Energia S.A. |
Wind Plant Rei dos Ventos 3 |
60.12 |
21.1 |
37,238.00 |
30,122.00 |
55,427.00 |
51,512.00 |
174,299.00 |
*The decrease in energy generation ocurred due to the enlargement of dry season, that affects the plants energy generation.
|
Unit |
Participation % |
Location (State) |
Beginning of Operation |
End of Operation |
|
EAPSA - Energia Águas da Pedra S.A. - HPU Dardanelos |
24.50 |
MT |
Aug/11 |
Jul/42 |
|
Amapari Energia S.A. - TPU Serra do Navio |
49.00 |
AP |
Jun/08 |
May/37 |
|
Brasventos Miassaba 3 Geradora de Energia S.A |
24.50 |
RN |
May/14 |
Aug/45 |
|
Brasventos Eolo Geradora de Energia S.A. |
24.50 |
RN |
May/14 |
Dec/45 |
|
Rei dos Ventos 3 Geradora de Energia S.A. |
24.50 |
RN |
May/14 |
Dec/45 |
2.Electric energy purchased for resale
2.1.Own assets
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
- |
|
R$ million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
209,440.8 |
674,258.9 |
1,469,886.0 |
1,425,430.0 |
3,779,015.7 |
|
R$ million |
22.8 |
105.0 |
920.4 |
910.6 |
1,958.8 | |
|
Total |
MWh |
209,440.8 |
674,258.9 |
1,469,886.0 |
1,425,430.0 |
3,779,015.7 |
|
R$ million |
22.8 |
105.0 |
920.4 |
910.6 |
1,958.8 |
2.2.SPE
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
|
|
|
R$ million |
- |
- |
- |
- |
- | |
|
Others |
MWh |
- |
- |
- |
- |
- |
|
R$ million |
- |
7,830.21 |
29,645.69 |
289,600.00 |
327,075.90 | |
|
Total |
MWh |
- |
4.84 |
17.72 |
36.85 |
59.41 |
|
R$ million |
- |
7,830.21 |
29,645.69 |
289,600.00 |
327,075.90 |
OBS: Only SPE EAPSA purchased energy for resale
|
112 |
|
|
3.Energy sold
3.1.Own assets
3.1.1. Energy sold by enterprises not affected by 12,783 Law
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
44.95 |
328,538 |
52.89 |
337,606 |
51.09 |
350,864 |
57.54 |
386,377 |
204.90 |
1,402,162 |
|
B |
61.86 |
321,160 |
105.21 |
562,303 |
82.56 |
452,304 |
92.60 |
515,748 |
342.22 |
1,851,516 | |
|
Others |
A |
461.78 |
3,452,536 |
528.91 |
3,561,841 |
611.71 |
3,905,937 |
640.57 |
4,057,428 |
2.244.55 |
14,978,963 |
|
B |
506.62 |
4,467,065 |
475.91 |
4,092,407 |
475.20 |
4,047,546 |
485.10 |
4,036,538 |
1.942.72 |
16,643,556 | |
|
Total |
A |
506.73 |
3,781,074 |
581.8 |
3,899,446 |
662.8 |
4,256,801 |
698.11 |
4,443,805 |
2.449,45 |
16,381,125 |
|
B |
568.48 |
4,788,225 |
581.11 |
4,654,711 |
557.75 |
4,499,850 |
577.70 |
4,552,286 |
2.284,94 |
18,495,072 | |
A – Regulated enviroment – Revenue not from quotas
B - Through contracts in free market or bilateral contracts
3.1.2. Energy sold by enterprises affected by 12,783 Law - O&M
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
18.19 |
290,130.68 |
17.76 |
309,242.93 |
22.34 |
348,928.96 |
28.71 |
347,365 |
87.00 |
1,295,667 | |
|
Others |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- | |
|
Total |
A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
B |
18.19 |
290,130.68 |
17.76 |
309,242.93 |
22.34 |
348,928.96 |
28.71 |
347,365 |
87.00 |
1,295,667 | |
A – Regulated enviroment – Revenue from quotas
B - Through contracts in free market or bilateral contracts
3.2.SPE
Amapari
|
Buyer |
Sale model |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
A |
R$ Million |
- |
- |
- |
- |
- |
|
MWh |
- |
- |
- |
- |
- | ||
|
B |
R$ Million |
- |
- |
- |
- |
- | |
|
MWh |
- |
- |
- |
- |
- | ||
|
Others |
A |
R$ Million |
- |
- |
- |
- |
- |
|
MWh |
- |
- |
- |
- |
- | ||
|
B |
R$ Million |
16.88 |
10.26 |
9.43 |
5.33 |
41.9 | |
|
MWh |
31,145,73 |
3,650,48 |
51,43 |
- |
34,847,64 | ||
|
Total |
A |
R$ Million |
- |
- |
- |
- |
- |
|
MWh |
- |
- |
- |
- |
- | ||
|
B |
R$ Million |
16.88 |
10.26 |
9.43 |
5.33 |
41.90 | |
|
MWh |
31,145.73 |
3,650.48 |
51,43 |
0,00 |
34,847.64 |
In the months of Oct, Nov and Dec 2014 there was no energy sold, the billing amount informed in 4Q14 referes to the charge of tha amount determined in the contact, the generation informed is only internal consumption.
|
113 |
|
|
EAPSA
|
Buyer |
Sale model |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0 |
0 |
0 |
0 |
0,00 | ||
|
B |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 | |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
Others |
A |
R$ Million |
52.7 |
50.2 |
52.9 |
57.8 |
213.6 |
|
MWh |
327,333.00 |
306,799.00 |
315,136.7 |
338,451.73 |
1,287,720.10 | ||
|
B |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0 | |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
Total |
A |
R$ Million |
52.70 |
50.20 |
52.90 |
57.80 |
213.60 |
|
MWh |
327,333.00 |
306,799.00 |
315,136.37 |
338,451.73 |
1,287,720.10 | ||
|
B |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 | |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
Miassaba 3
|
Buyer |
Sale model |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
B |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 | |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
Others |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 | ||
|
B |
R$ Million |
26.1 |
11.5 |
9.6 |
12.2 |
59.40 | |
|
MWh |
43,316.00 |
30,074.00 |
48,180.00 |
61,045.00 |
182,615.00 | ||
|
Total |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 | ||
|
B |
R$ Million |
26.10 |
11.50 |
9.60 |
12.20 |
59.40 | |
|
MWh |
43,316.00 |
30,074.00 |
48,180.00 |
61,045.00 |
182,615.00 |
Eolo
|
Buyer |
Sale model |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
B |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 | |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
Others |
A |
R$ Million |
0 |
0 |
0 |
0 |
0 |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 | ||
|
B |
R$ Million |
15.3 |
8.7 |
9.2 |
10.3 |
43.5 | |
|
MWh |
22,572.00 |
23,438.00 |
45,990.00 |
51,512.00 |
143,512.00 | ||
|
Total |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 | ||
|
B |
R$ Million |
15.30 |
8.70 |
9.20 |
10.30 |
43.50 | |
|
MWh |
22,572.00 |
23,438.00 |
45,990.00 |
51,512.00 |
143,512.00 |
Rei dos Ventos 3
|
Buyer |
Sale model |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras System |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
B |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 | |
|
MWh |
0 |
0 |
0 |
0 |
0 | ||
|
Others |
A |
R$ Million |
0 |
0 |
0 |
0 |
0 |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 | ||
|
B |
R$ Million |
23.1 |
11.4 |
9.2 |
10.3 |
54.0 | |
|
MWh |
37,238.00 |
30,122.00 |
45,990.00 |
51,252.00 |
164,602.00 | ||
|
Total |
A |
R$ Million |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
MWh |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 | ||
|
B |
R$ Million |
23.10 |
11.40 |
9.20 |
10.30 |
54.00 | |
|
MWh |
37,238.00 |
30,122.00 |
45,990.00 |
51,252.00 |
164,602.00 |
|
114 |
|
|
4.CCEE settlement (Spot and MRE)
|
|
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Net |
R$ Million |
689.14 |
12.69 |
-649.74 |
-588.58 |
-536.49 |
|
MWh |
5,619,594.03 |
4,465,301.54 |
-625,214.59 |
-3,164,844.35 |
6,294,836.63 | |
|
MWaverage |
2,600.46 |
2,044.55 |
-283.16 |
-1,433.35 |
2,928.50 |
5.Fuel for production of electric energy
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
|
R$ Million | ||
|
Diesel oil |
litre |
40,244,000 |
98.6 |
39,932,000 |
98.7 |
51,706,000 |
131.0 |
67,845,000 |
|
178.5 |
|
Total |
40,244,000 |
98.6 |
39,932,000 |
98.7 |
51,706,000 |
131.0 |
67,845,000 |
|
178.5 | |
6.Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.07 |
0.88 |
1.06 |
1.09 |
0.78 |
7.Average price– R$/MWh
7.1.Own assets – Entrprises not affected by 12,783 law
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
125.47 |
135.94 |
139.39 |
141.82 |
135.75 |
7.1.1.Own assets– Enterprises renewed in accordance with 12,783 Law – O&M
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
62.68 |
57.44 |
64.04 |
82.65 |
67.15 |
7.2.SPE
|
SPE |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
EAPSA |
160.48 |
163.68 |
168.10 |
170.50 |
662.76 |
|
Amapari |
517.97 |
2,506.67 |
24,846.96 |
18,383.27 |
46,254.87 |
|
Miassaba 3 |
603.77 |
383.87 |
199.48 |
199.48 |
1,386.60 |
|
Eolo |
677.83 |
372.35 |
200.40 |
200.40 |
1,450.98 |
|
Rei dos Ventos |
620.33 |
377.56 |
200.79 |
200.79 |
1,399.47 |
8.Extension of transmission lines - Km
8.1.Own assets
8.1.1.Transmission line
8.1.1.1. Transmission line– enterprises not affected by 12,783 Law
|
From - To |
Extension (km) |
Tension (Kv) |
Beginning of Operation |
End of Concession |
|
Isolated System |
- |
|
|
|
|
Isolated System Total |
- |
|
|
|
|
Interconnected System |
|
|
|
|
|
São Luiz II - São Luiz III |
35.94 |
230 |
May/10 |
Mar/38 |
|
Ribeiro Gonçalves – Balsas |
95.00 |
230 |
Dec/11 |
Jan/39 |
|
Porto Velho - Abunã - C2 |
188.00 |
230 |
Feb/14 |
Nov/39 |
|
Abunã - Rio Branco - C2 |
302.00 |
230 |
Jan/14 |
Nov/39 |
|
Lechuga/Jorge Teixeira – C1 |
29.54 |
230 |
Feb/14 |
Jul/40 |
|
Lechuga/Jorge Teixeira – C2 |
29.54 |
230 |
Feb/14 |
Jul/40 |
|
|
|
|
|
|
|
Sub-Total 230 kV |
680.02 |
|
|
|
|
Interconnected System Total |
680.02 |
|
|
|
|
Basic Network Total |
|
|
|
|
|
Isolated + Interconnected Systrem Total |
680.02 |
|
|
|
|
115 |
|
|
8.1.1.2. Transmission line– enterprises renewed in accordance with 12,783 Law – O&M
|
From - To |
Extension (km) |
Tension (Kv) |
Beginning of Operation |
End of Concession |
|
Isolated System |
|
|
|
|
|
Boa Vista- Santa Elena |
190.20 |
230 |
Jun/01 |
Dec/42 |
|
Sub-Total 230 kV |
190.20 |
|
|
|
|
Coaracy Nunes - Santana - C1 |
108.00 |
138 |
Oct/75 |
Dec/42 |
|
Coaracy Nunes - Santana - C2 |
109.00 |
138 |
Feb/05 |
Dec/42 |
|
Santana – Portuária |
4.00 |
138 |
Apr/96 |
Dec/42 |
|
Coaracy Nunes - Tartarugalzinho |
87.00 |
138 |
Jun/00 |
Dec/42 |
|
Sub-Total 138 kV |
308.00 |
|
|
|
|
Santana - Macapá II |
20.00 |
69 |
Nov/96 |
Dec/42 |
|
Santana – Equatorial |
13.00 |
69 |
Aug/00 |
Dec/42 |
|
Tartarugalzinho – Calçoene |
130.00 |
69 |
Dec/01 |
Dec/42 |
|
Tartarugalzinho – Amapá |
17.00 |
69 |
Feb/02 |
Dec/42 |
|
Santana - Santa Rita |
12.60 |
69 |
Dec/07 |
Dec/42 |
|
Equatorial - Santa Rita |
5.09 |
69 |
Sep/08 |
Dec/42 |
|
Sub-Total 69 kV |
197.69 |
|
|
|
|
Isolated System Total |
695.89 |
|
|
|
|
Interconnected System |
|
|
|
|
|
Colinas – Miracema |
173.97 |
500 |
Mar/99 |
Dec/42 |
|
Imperatriz – Colinas |
342.60 |
500 |
Mar/99 |
Dec/42 |
|
Imperatriz – Marabá - C1 |
181.09 |
500 |
Apr/81 |
Dec/42 |
|
Imperatriz – Marabá - C2 |
181.82 |
500 |
Mar/88 |
Dec/42 |
|
Tucuruí – Marabá – C1 |
222.14 |
500 |
Oct/81 |
Dec/42 |
|
Tucuruí – Marabá – C2 |
221.70 |
500 |
Feb/88 |
Dec/42 |
|
Tucuruí - Vila do Conde |
327.10 |
500 |
Dec/81 |
Dec/42 |
|
Tucuruí (Usina) - Tucuruí (Se) |
10.71 |
500 |
Nov/84 to May/05 |
Jul/24 |
|
Pres. Dutra - Boa Esparança |
205.39 |
500 |
Jan/00 |
Dec/42 |
|
Imperatriz - Pres. Dutra - C1 |
386.60 |
500 |
Oct/82 |
Dec/42 |
|
Imperatriz - Pres. Dutra - C2 |
385.30 |
500 |
Jan/00 |
Dec/42 |
|
Miranda II - S.Antonio dos Lopes |
142.60 |
500 |
nov/10 |
Dec/42 |
|
S.Antonio dos Lopes - Pres. Dutra |
52.90 |
500 |
nov/10 |
Dec/42 |
|
Miranda II - Pres. Dutra – C2 |
195.80 |
500 |
Mar/86 |
Dec/42 |
|
São Luiz II - Miranda II – C1 |
106.80 |
500 |
Jul/84 |
Dec/42 |
|
São Luiz II - Miranda II – C2 |
106.80 |
500 |
Mar/86 |
Dec/42 |
|
Sub-Total 500 kV |
3,243.32 |
500 |
|
Dec/42 |
|
Altamira – Rurópolis |
330.02 |
230 |
Oct/88 |
Dec/42 |
|
Guamá - Utinga - C1 |
19.40 |
230 |
Dec/81 |
Dec/42 |
|
Guamá - Utinga - C2 |
19.40 |
230 |
Dec/81 |
Dec/42 |
|
Tucuruí – Altamira |
317.60 |
230 |
Jun/98 |
Dec/42 |
|
Utinga - Castanhal |
69.27 |
230 |
Dec/94 |
Dec/42 |
|
Castanhal - Santa Maria |
25.04 |
230 |
Dec/94 |
Dec/42 |
|
Vila do Conde - Guamá - C1 |
49.30 |
230 |
Apr/81 |
Dec/42 |
|
Vila do Conde - Guamá - C2 |
49.30 |
230 |
Dec/82 |
Dec/42 |
|
Marabá - Carajás |
145.00 |
230 |
Oct/04 |
Dec/42 |
|
Carajás – Integradora - C1 |
83.00 |
230 |
Aug/08 |
Dec/42 |
|
Carajás – Integradora - C2 |
85.35 |
230 |
Aug/13 |
Dec/42 |
|
Carajás – Integradora - C3 |
85.35 |
230 |
Aug/13 |
Dec/42 |
|
Imperatriz - Porto Franco |
110.10 |
230 |
Oct/94 |
Dec/42 |
|
São Luiz II - Miranda II |
105.30 |
230 |
Nov/02 |
Dec/42 |
|
São Luiz II - São Luiz I - C1 |
18.60 |
230 |
Jan/83 |
Dec/42 |
|
São Luiz II - São Luiz I – C2 |
19.00 |
230 |
Sep/88 |
Dec/42 |
|
Miranda II - Peritoró |
94.20 |
230 |
Dec/02 |
Dec/42 |
|
Pres. Dutra - Peritoró |
115.00 |
230 |
Mar/03 |
Dec/42 |
|
Peritoró - Coelho Neto |
223.00 |
230 |
Jul/06 |
Dec/42 |
|
Coelho Neto - Teresina |
127.10 |
230 |
Sep/06 |
Dec/42 |
|
São Luiz II - UTE São Luiz |
0.05 |
230 |
Jan/82 |
Dec/42 |
|
Barra Peixe – Rondonópolis – C1 |
217.00 |
230 |
Oct/97 |
Dec/42 |
|
Rondonópolis - Coxipó - C1 |
187.80 |
230 |
Sep/88 |
Dec/42 |
|
Rondonópolis - Coxipó - C2 |
187.80 |
230 |
Jul/84 |
Dec/42 |
|
Coxipó - Nobres |
112.41 |
230 |
Sep/96 |
Dec/42 |
|
Nobres – Nova Mutum - C1 |
104.57 |
230 |
Sep/96 |
Dec/42 |
|
Nova Mutum – Lucas do Rio Verde - C1 |
93.80 |
230 |
Sep/96 |
Dec/42 |
|
Lucas do rio Verde - Sorriso C-1 |
52.50 |
230 |
Sep/96 |
Dec/42 |
|
Sinop - Sorriso C-1 |
86.43 |
230 |
Sep/96 |
Dec/42 |
|
Barra Peixe – Rondonópolis – C2 |
216.79 |
230 |
Mar/08 |
Dec/42 |
|
Rio Verde (C. Magalhães) – Rondonópolis |
177.83 |
230 |
Jul/83 |
Dec/42 |
|
Jauru - Coxipó - C1 |
366.00 |
230 |
Jun/03 |
Dec/42 |
|
Jauru - Coxipó - C2 |
366.00 |
230 |
Jun/03 |
Dec/42 |
|
Abunã - Rio Branco |
302.00 |
230 |
Nov/02 |
Dec/42 |
|
Ariquemes - Jarú |
83.82 |
230 |
Sep/94 |
Dec/42 |
|
Jarú - Ji-Paraná |
80.69 |
230 |
Sep/94 |
Dec/42 |
|
Samuel - Ariquemes |
151.60 |
230 |
Aug/94 |
Dec/42 |
|
Samuel - Porto Velho – C1 |
40.55 |
230 |
Jul/89 |
Dec/42 |
|
Samuel - Porto Velho – C2 |
40.55 |
230 |
Jul/89 |
Dec/42 |
|
Samuel (Usina) - Samuel (SE) |
2.85 |
230 |
Jul/89 |
Sep/29 |
|
Porto Velho - Abunã |
188.00 |
230 |
May/02 |
Dec/42 |
|
Ji-Paraná - Pimenta Bueno |
117.80 |
230 |
Jun/08 |
Dec/42 |
|
Pimenta Bueno – Vilhena |
160.20 |
230 |
Oct/08 |
Dec/42 |
|
Sub-Total 230 kV |
5,427.37 |
|
|
|
|
Tucuruí-Vila - Cametá |
214.21 |
138 |
Aug/98 |
Dec/42 |
|
Curuá-Uma - Tapajós-Celpa |
68.80 |
138 |
Jan/06 |
Jul/28 |
|
Coxipó - São Tadeu |
44.17 |
138 |
Jul/81 |
Dec/42 |
|
São Tadeu - Jaciara |
77.92 |
138 |
Jul/81 |
Dec/42 |
|
Jaciara - Rondonopolis-Cemat |
70.00 |
138 |
Jul/81 |
Dec/42 |
|
Couto Magalhães - Rondonopolis-Cemat |
176.00 |
138 |
Apr/81 |
Dec/42 |
|
Sub-Total 138 kV |
651.10 |
|
|
|
|
Tucuruí - Tucuruí Vila |
2.30 |
69 |
Jul/97 |
Dec/42 |
|
Tucuruí (Usina) - Tucuruí (SE) |
1.40 |
69 |
Jan/80 |
Dec/42 |
|
Tucuruí (Usina) - Tucuruí (SE) |
1.40 |
69 |
Dec/85 |
Dec/42 |
|
Sub-Total 69 kV |
5.10 |
|
|
|
|
Interconnected System Total |
9,326.89 |
|
|
|
|
Total |
10,022.78 |
|
|
|
|
Basic Network Total |
|
|
|
|
|
General Total |
10,702.80 |
|
|
|
|
116 |
|
|
8.1.2.Substation
8.1.2.1. Substation– enterprises not affected by 12,783 Law
|
Substation |
Transformation capacity (MVA) |
Location |
Beginning of Operation |
End of Operation |
|
|
|
|
|
|
|
Ribeiro Gonçalves |
350.00 |
Maranhão |
Dec/11 |
Jan/39 |
|
Balsas |
100.00 |
Maranhão |
Dec/11 |
Jan/39 |
|
São Luis III |
300.30 |
Maranhão |
May/10 |
Mar/38 |
|
Miranda II (ATR1) |
450.00 |
Maranhão |
Nov/10 |
Jan/39 |
|
Lucas do Rio Verde |
75.00 |
Mato Grosso |
Apr/13 |
Jun/41 |
|
Nobres |
200.00 |
Mato Grosso |
Sep/13 |
Dec/41 |
|
Tucuruí |
200.00 |
Pará |
Dec/14 |
Dec/41 |
|
Total |
1,675.30 |
|
|
|
|
SPE |
Substation |
Transformation Capacity (MVA) |
Participation (%) |
Beginning of Operation |
End of Operation |
|
Estação Transmissora de Energia S.A. (Shraes tranferred to Eletrobras Eletronorte - ANEEL Ordinance 3,532, from11/23/2010) |
Converter Station 01 CA/CC, 500/±600 KV and Inverter Station 01 CC/CA, ±600/500 kV |
7,295.20 |
100.00 |
Mar/13 |
Feb/39 |
|
117 |
|
|
8.1.2.2. Substation– enterprises renewed inaccordance with 12,783 Law –O&M
|
Substation |
Transformation Capacity (MVA) |
Location |
Beginning of Operation |
End of Operation |
|
|
|
|
|
|
|
Altamira |
120.30 |
Pará |
Jun/98 |
Dec/42 |
|
Cametá |
23.55 |
Pará |
Aug/98 |
Dec/42 |
|
Carajás |
0.30 |
Pará |
Nov/06 |
Dec/42 |
|
Guamá |
454.00 |
Pará |
Dec/81 |
Dec/42 |
|
Marabá |
1,063.80 |
Pará |
Out/81 |
Dec/42 |
|
Rurópolis |
200.60 |
Pará |
Dec/98 |
Dec/42 |
|
Santa Maria |
500.15 |
Pará |
Sep/95 |
Dec/42 |
|
Tucuruí |
619.00 |
Pará |
Out/81 |
Dec/42 |
|
Transamazônica |
60.30 |
Pará |
Dec/98 |
Dec/42 |
|
Tucuruí-Vila |
58.44 |
Pará |
Jun/99 |
Dec/42 |
|
Utinga |
602.00 |
Pará |
Dec/81 |
Dec/42 |
|
Vila do Conde |
3,549.40 |
Pará |
Dec/81 |
Dec/42 |
|
São Luis I |
401.73 |
Maranhão |
Dec/82 |
Dec/42 |
|
São Luis II |
2,829.00 |
Maranhão |
Dec/82 |
Dec/42 |
|
Miranda II |
500.60 |
Maranhão |
Jun/98 |
Dec/42 |
|
Peritoró |
300.11 |
Maranhão |
Dec/82 |
Dec/42 |
|
Presidente Dutra |
721.03 |
Maranhão |
Dec/82 |
Dec/42 |
|
Coelho Neto |
130.00 |
Maranhão |
Jan/00 |
Dec/42 |
|
Imperatriz |
1,842.17 |
Maranhão |
Dec/82 |
Dec/42 |
|
Porto Franco |
266.50 |
Maranhão |
Feb/94 |
Dec/42 |
|
Colinas |
1.50 |
Tocantins |
Mar/99 |
Dec/42 |
|
Miracema |
362.50 |
Tocantins |
Mar/99 |
Dec/42 |
|
Barra do peixe |
150.60 |
Mato Grosso |
Nov/93 |
Dec/42 |
|
Couto Magalhães |
15.11 |
Mato Grosso |
Oct/81 |
Dec/42 |
|
Coxipó |
571.20 |
Mato Grosso |
Jul/87 |
Dec/42 |
|
Jauru |
600.45 |
Mato Grosso |
Jun/03 |
Dec/42 |
|
Nova Mutum |
60.60 |
Mato Grosso |
Sep/96 |
Dec/42 |
|
Rondonopolis |
200.90 |
Mato Grosso |
Jul/83 |
Dec/42 |
|
Sinop |
356.00 |
Mato Grosso |
Sep/96 |
Dec/42 |
|
Sorriso |
60.60 |
Mato Grosso |
Sep/96 |
Dec/42 |
|
Epitaciolândia |
22.10 |
Acre |
Mar/08 |
Dec/42 |
|
Sena Madureira |
18.75 |
Acre |
Oct/08 |
Dec/42 |
|
Rio Branco |
422.95 |
Acre |
Nov/12 |
Dec/42 |
|
Ariquemes |
120.30 |
Rondônia |
Aug/94 |
Dec/42 |
|
Ji-Paraná |
380.60 |
Rondônia |
Sep/94 |
Jan/42 |
|
Porto Velho |
525.60 |
Rondônia |
Jul/89 |
Dec/42 |
|
Abunã |
110.60 |
Rondônia |
May/02 |
Dec/42 |
|
Samuel |
0.30 |
Rondônia |
Jul/89 |
Dec/42 |
|
Pimenta Bueno |
110.60 |
Rondônia |
Jun/08 |
Dec/42 |
|
Vilhena |
120.60 |
Rondônia |
Oct/08 |
Dec/42 |
|
Jaru |
30.15 |
Rondônia |
Sep/97 |
Dec/42 |
|
Coaracy Nunes |
40.08 |
Amapá |
Nov/75 |
Dec/42 |
|
Portuária |
20.05 |
Amapá |
Apr/96 |
Dec/42 |
|
Amapá |
10.08 |
Amapá |
Dec/01 |
Dec/42 |
|
Tartarugalzinho |
40.22 |
Amapá |
Jun/00 |
Dec/42 |
|
Calçoene |
10.08 |
Amapá |
May/02 |
Dec/42 |
|
Santana |
120.45 |
Amapá |
Oct/75 |
Dec/42 |
|
Santa Rita |
80.03 |
Amapá |
Dec/07 |
Dec/42 |
|
Equatorial |
79.95 |
Amapá |
Aug/00 |
Dec/42 |
|
Macapá II |
53.43 |
Amapá |
Nov/96 |
Dec/42 |
|
Boa Vista |
201.65 |
Roraima |
Jul/01 |
Dec/42 |
|
Total |
19,140.99 |
|
|
|
|
|
|
|
|
|
|
General Total |
20,616.29 |
|
|
|
|
118 |
|
|
8.2.SPE
8.2.1.Transmission Lines
|
SPE |
From – To |
Participation % |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
AETE - Amazônia Eletronorte Transmissora de Energia S.A. |
Coxipó-Cuiabá-Rondonópolis (MT), SS Seccionadora Cuiabá |
49.00 |
193 |
230 |
Aug/05 |
Feb/34 |
|
INTESA - Integração Transmissora de Energia S.A. |
Colinas-Miracema-Gurupi-Peixe Nova-Serra da Mesa 2 (TO / GO) |
37.00 |
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 |
49.71 |
402 |
230 |
Sep/09 |
Mar/38 |
|
Transmissora Matogrossense de Energia S.A. – TME |
TL Jauru / Cuiabá, in 230 kV, Mato Grosso |
49.00 |
348 |
500 |
Nov/11 |
Nov/39 |
|
Manaus Transmissora de Energia S.A. |
Oriximiná - Silves - Lechuga (AM), SS Silves (ex-Itacoatiara) andSS Lechuga (ex-Cariri) |
30.00 |
559 |
500 |
Mar/13 |
Oct/38 |
|
Norte Brasil Transmissora de Energia S.A. |
Coletora Porto Velho (RO) - Araraquara (SPE) |
24.5 |
2,375 |
600 |
Nov/14 |
Feb/39 |
|
Isolated System Total |
|
|
- |
|
|
|
|
Basic Network Total |
|
|
4,572.00 |
|
|
|
|
Isolated System Total + Basic Network |
|
|
4,572.00 |
|
|
|
8.2.2.Substation
|
SPE |
Substation |
Transformation Capacity (MVA) |
Participation (%) |
Beginning of Operation |
End of Operation |
|
AETE - Amazônia Eletronorte Transmissora de Energia S.A. |
SS Seccionadora Cuiabá |
-
|
49.00 |
Aug/05 |
Feb/34 |
|
BRASNORTE Transmissora de Energia S.A. |
SS Juba and SS Maggi - 230/138 kV |
300 and 100
|
49.71 |
Sep/09 |
MAr/38 |
|
Manaus Transmissora de Energia S.A. |
SS Silves (ex-Itacoatiara) e SE Lechuga (ex-Cariri) |
150 and 1,800 |
30.00 |
Mar/13 |
Oct/38 |
|
INTESA - Integração Transmissora de Energia S.A. |
SS Peixe 2 and SS Serra da Mesa 2 |
- |
37.00 |
May/08 |
Apr/36 |
|
Transmissora Matogrossense de Energia S.A. – TME |
SS Jauru 500/230 kV |
750 |
49.00 |
Nov/11 |
Nov/39 |
9.Transmission losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
1.57 |
1.69 |
1.10 |
0.88 |
1.35 |
10.Main investments of parent company – R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
Budget 2014 |
|
Generation |
2,629,923 |
3,429,508 |
2,132,716 |
2,600,670 |
10,792,817 |
27,338,182 |
|
HPU Coaracy 2nd stage |
0 |
362,617 |
174,288 |
217,736 |
754,641 |
1,500,000 |
|
Generation system maintenance |
2,627,370 |
2,814,360 |
1,748,618 |
2,159,152 |
9,349,500 |
24,038,182 |
|
HPU Curuá-Una |
2,553 |
252,531 |
209,810 |
223,781 |
688,676 |
1,500,000 |
|
Extension of Generation System |
0 |
0 |
0 |
0 |
0 |
300,000 |
|
Transmission |
57,356,010 |
58,454,858 |
85,982,513 |
147,753,604 |
349,546,986 |
518,614,623 |
|
TL Implementation Rio Branco - Cruzeiro do Sul |
24,804,046 |
6,072 |
5,973,703 |
7,895,478 |
38,679,299 |
83,000,000 |
|
Reinforcement of the Isolated System |
1,170,468 |
2,883,119 |
5,653,184 |
5,887,137 |
15,593,908 |
19,110,000 |
|
ST Implementation Porto Velho - Rio Branco |
0 |
0 |
0 |
0 |
0 |
200,000 |
|
Implementation of Grinding Station Porto Velho |
0 |
0 |
0 |
6,195,796 |
6,195,796 |
35,000,000 |
|
Implementation of Inverting Station Araraquara 2 |
0 |
0 |
0 |
6,195,796 |
6,195,796 |
35,000,000 |
|
ST Norte/Nordeste MA |
49,692 |
360,577 |
1,835,528 |
2,517,365 |
4,763,162 |
5,000,000 |
|
Transmission System Maintenance |
1,770,738 |
4,095,528 |
11,275,266 |
14,997,007 |
32,138,539 |
45,000,000 |
|
Interconnected System Improvement |
29,561,066 |
51,109,562 |
61,244,832 |
104,065,026 |
245,980,485 |
296,304,623 |
|
Others |
1,578,315 |
3,993,509 |
4,522,335 |
8,268,754 |
18,362,912 |
54,308,195 |
|
Preservation and conservation |
1,074,447 |
2,897,141 |
2,637,378 |
3,877,121 |
10,486,087 |
36,740,195 |
|
Infrastructure |
0 |
0 |
0 |
0 |
0 |
500,000 |
|
Infrastructure |
849 |
83,658 |
20,180 |
49,770 |
154,457 |
500,000 |
|
Infrastructure |
57,019 |
566,710 |
1,864,777 |
4,341,863 |
6,830,369 |
15,000,000 |
|
Headquarters |
446,000 |
446,000 |
0 |
0 |
892,000 |
1,568,000 |
|
Total |
61,564,248 |
65,877,875 |
92,637,564 |
158,623,028 |
378,702,715 |
600,261,000 |
|
119 |
|
|
11.New investments
11.1.Generation
11.1.1.Own assets– N/A
11.1.2.SPE
|
SPE |
Unit |
Location (State) |
Installed Capacity (MW) |
Assured Energy (MW) |
Beginning of Operation |
Beginning of Construction |
End of Concession |
|
Norte Energia S.A. |
HPU Belo Monte |
PA |
11,233 |
4,571.0 |
Nov/15 |
Aug/11 |
Aug/45 |
|
Cia. Energética Sinop S.A. |
HPU Sinop |
MT |
400 |
239.8 |
Jan/18 |
Dec/13 |
Feb/49 |
11.1.2.1. SPE
|
SPE |
Unit |
Investiment (R$ million) |
Working Schedule (%) |
Patricipation (%) |
Partners | |
|
Total |
Up to 4Q14 | |||||
|
Norte Energia S.A. |
HPU Belo Monte |
29,375.00 |
16,769.90 |
65.4 |
19.98 |
ELETROBRAS - 15% / CHESF - 15% / PRIVATES – 50.02% |
|
Cia. Energética Sinop S.A. |
HPU Sinop |
1,804.81 |
244.06 |
13.7 |
24.50 |
CHESF – 24.5% / EDFNT - 51% |
11.2.Transmission
11.2.1.Own assets
11.2.1.1.Transmission lines
|
From - To |
Investiment (R$ million) |
Extension of lines (Km) |
Tension |
Beginning of Operation |
End of Concession | |
|
Total |
Up to 4Q14 | |||||
|
Jorge Teixeira – Lechuga (AM) TL H |
49.7 |
45.4 |
30 |
230 |
Feb/14 |
Jul/40 |
|
Jorge Teixeira – Lechuga (AM) SS Lechuga (auction 02/12 |
70.2 |
60.9 |
30 |
230 |
May/14* |
May/42 |
*The TL is concluded and available to start Operationsince May/14. But, the conclusion forecast for the substation associated is Mar/15, when the groupmight be energized, becoming into Operation.
Pricing basis Dec/14 – Source: BW
|
120 |
|
|
11.2.1.2.Substations – N/A
11.2.2.SPE
11.2.2.1.Transmission lines
|
SPE |
From-To |
Participation (%) |
Investiment (R$ million) |
Extension of lines (Km) |
Tension |
Beginning of Operation |
End of Concession | |
|
Total |
Up to 4Q14 | |||||||
|
Linha Verde Transmissora de Energia S.A. |
Porto Velho (RO) – Samuel (RO) – Ariquemes (RO) - Ji-Paraná (RO) - Pimenta Bueno (RO) – Vilhena (RO) – Jauru (MT) |
49.00 |
824.36 |
526.36* |
987 |
230 |
Mar/15 |
Nov/39 |
|
Transnorte Energia S.A. |
Eng. Lechuga (AM) - Equador (RR) and Equador (RR) - Boa Vista (RR), Double circuitandSS Equador (RR) Boa Vista (RR) |
49.00 |
1,174.53 |
238.75 |
715 |
500 |
TL: Dec/16 |
Jan/42 |
|
CE: Feb/15 | ||||||||
|
Belo Monte Transmissora de Energia S.A. |
Converter Station CA/CC, ±800 kV, 4,000 MW, withSS 500 kV Xingu; |
24.50 |
5,049.00 |
- |
2,092 |
±800 |
Feb/18 |
Jun/44 |
|
121 |
|
|
11.2.2.2.Substations – N/A
12.Loans and financing – R$ million
Local currency – LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras ECF-2092/01 |
207.97 |
202.63 |
197.30 |
191.97 |
12/30/2023 |
RGR+8.42%p.y. |
|
Eletrobras ECF-2272/02 |
317.37 |
298.33 |
279.29 |
260.24 |
05/30/2018 |
RGR+7% p.y.. |
|
Eletrobras ECF-2273/02 |
71.20 |
66.12 |
61.03 |
55.95 |
09/30/2017 |
RGR+7% p.y. |
|
Eletrobras ECF-2710/08 |
7.95 |
7.00 |
6.04 |
5.09 |
04/30/2016 |
RGR+7% p.y. |
|
Eletrobras ECF-2757/09 |
127.72 |
125.40 |
122.15 |
119.32 |
06/30/2021 |
IPCA+7%p.y. |
|
Eletrobras ECF-2758/08 |
25.08 |
24.62 |
23.98 |
23.43 |
06/30/2021 |
IPCA+7% p.y. |
|
Eletrobras ECF-2794/09 |
1,531.55 |
1,520.72 |
1,474.04 |
1.454.92 |
12/30/2029 |
IPCA+7% p.y. |
|
Eletrobras ECF-2818/10 |
69.90 |
68.69 |
66.94 |
65.77 |
10/30/2021 |
IPCA+7% p.y. |
|
Eletrobras ECF-2934/11 |
383.89 |
382.47 |
377.43 |
375.87 |
01/30/2023 |
IPCA+7% p.y.. |
|
Eletrobras ECF-3038/13 |
72.87 |
72.90 |
72.87 |
72.93 |
07/30/2020 |
SANDLIC |
|
BNDES-03.2.782.3.1 |
255.06 |
229.64 |
204.17 |
178.69 |
09/15/2016 |
TJLP+3.5 % p.y. |
|
BNDES-09.02.1355.1 |
30.24 |
29.28 |
28.34 |
27.40 |
11/15/2024 |
TJLP+2.5% p.y. |
|
BNDES-10.20.2677 |
10.43 |
10.19 |
9.94 |
9.70 |
11/15/2024 |
TJLP+2.5% p.y. |
|
Banco do Brasil |
7.72 |
7.20 |
6.70 |
6.20 |
01/01/2018 |
8.5 % p.y. |
|
Banco do Nordeste |
67.64 |
66.53 |
65.58 |
64.68 |
06/03/2031 |
8.5% p.y. |
|
Banco do Brasil |
6.54 |
6.55 |
6.55 |
6.56 |
12/01/2026 |
8.5% p.y.. |
|
Banco da Amazônia |
24.26 |
23.72 |
23.33 |
22.94 |
01/01/2029 |
8.5% p.y. |
|
BNDES-11.2.13181.1 |
136.62 |
134.00 |
131.41 |
128.80 |
03/15/2027 |
TJLP+2.12% and 1.72%p.y. |
|
BNDES-11.2.0281.-ETE |
496.32 |
490.98 |
482.56 |
474.06 |
11/15/2028 |
TJLP+2.12 p.y. |
|
BANCO DA AMAZÔNIA-ETE |
242.10 |
222.99 |
244.77 |
241.52 |
07/10/2031 |
8.5% p.y. |
|
BASA-043.11/0029-2-DEBENDURES |
- |
222.99 |
226.53 |
219.42 |
10/15/2031 |
TJLP+1.5%p.y. |
|
BNDES-13.2.0672.1 |
- |
- |
17.21 |
17.07 |
10/15/2028 |
TJLP+3.05% and 3.05% p.y. |
|
BNDES-13.2.0673.1 |
- |
- |
14.98 |
14.67 |
08/15/2028 |
TJLP+3.05% and 3.05% p.y. |
|
BNDES-13.2.0679.1 |
- |
- |
4.45 |
4.35 |
03/15/2028 |
TJPL+3.05% and 3.05% p.y. |
Foreign currency – FC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras ECR-257/97– BID |
350.65 |
319.61 |
363.51 |
367.94 |
04/06/2025 |
US$+6.83%p.y. |
|
Eletrobras ECR-259/98 – CAF |
18.07 |
17.77 |
13.05 |
14.29 |
08/04/2015 |
Libor+3.58%p.y |
|
Eletrobras ECR – 260/98– Eximbank |
144.98 |
135.79 |
141.09 |
132.49 |
04/06/2025 |
Yen+3.5 % p.y. |
|
Credit National 121/0118 |
0.00 |
0.00 |
0.00 |
0.00 |
12/31/2016 |
EUR+3.5% p.y. |
|
Credit National 121/0122 |
0.04 |
0.03 |
0.03 |
0.01 |
12/31/2016 |
EUR+3.5% p.y. |
|
D.M.L.P – National Treasure |
0.47 |
* |
* |
* |
04/15/2014 |
US$+8% p.y. |
* The contract has ended on 04.30.2014.
|
122 |
|
|
13.Contracts
13.1.Loans and financing – R$ million
13.1.1.Parent company
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
|
|
|
|
|
|
|
|
|
Generation |
299.53 |
286.18 |
218.02 |
178.17 |
153.08 |
155.44 |
1,175.04 |
2,465.46 |
|
Transmission |
190.68 |
187.93 |
182.00 |
166.53 |
166.31 |
153.31 |
1,029.76 |
2,076.52 |
|
Energy tradings |
14.29 |
|
|
|
|
14.29 | ||
|
By creditor |
|
|
|
|
|
|
|
|
|
Eletrobras |
311.86 |
309.45 |
309.13 |
255.86 |
230.93 |
224.05 |
1,396.60 |
3,037.88 |
|
Others |
192.64 |
164.66 |
90.89 |
88.84 |
88.46 |
84.70 |
808.20 |
1,518.39 |
13.1.2.SPE
|
Enterprise |
Creditor |
Amount - End of Peeriod | ||
|
2015 |
2016 |
2017 | ||
|
Brasnorte Transmissora de Energia S.A. (short term) |
CEF |
10,833,333.33 |
5,416,666.67 |
- |
|
Norte Brasil Transmissora de Energia S.A. (long term) |
BNDES |
855,431,217.46 |
735,325,865.10 |
628,319,490.20 |
|
Norte Brasil Transmissora de Energia S.A. (long term) |
Debentures |
247,703,619.30 |
266,148,619.30 |
283,412,876.00 |
|
Linha Verde Transmissora S.A. (long term) |
BASA |
196,557,491.05 |
201,432,202.32 |
194,787,280.36 |
|
Manaus Transmissora de Energia S.A. (long term) |
BASA (FNO) |
347,641,941.05 |
325,333,399.13 |
303,024,857.22 |
|
BASA (FDA) |
160,353,661.31 |
158,572,584.12 |
155,729,808.12 | |
|
BNDES |
344,974,811.25 |
313,476,638.24 |
282,057,680.59 | |
|
Transmissora Matogrossense de Energia. S.A. (long term) |
BANCO DO BRASIL (FCO) |
81,263,264.36 |
75,459,007.28 |
69,258,379.45 |
|
BNDES |
65,193,967.43 |
58,935,346.53 |
52,676,725.66 | |
|
Brasventos Eolo Geradora de Energia S.A. (long term) |
BNDES |
114,877,990.94 |
106,573,557.86 |
98,269,124.78 |
|
Brasventos Miassaba 3 Geradora de Energia S.A. (long term) |
BNDES |
115,653,041.62 |
107,292,580.78 |
98,932,119.94 |
|
Rei dos Ventos 3 Geradora de Energia S.A.(long term) |
BNDES |
121,069,800.90 |
112,317,767.10 |
103,565,733.30 |
|
Norte Energia S.A. - TPU Belo Monte (long term) |
BNDES |
10,708,361,397 |
11,481,695,346 |
11,967,673,372 |
|
Norte Energia S.A. - TPU Belo Monte (long term) |
CEF |
5,672,747,566 |
6,135,076,493 |
6,473,226,581 |
|
Norte Energia S.A. - TPU Belo Monte (long term) |
BTG |
1,620,784,611 |
1,752,878,557 |
1,849,492,832 |
|
Transnorte Energia S.A.(bonds) |
Itau BBA |
- |
- |
|
14.Number of employees
14.1.By tenure
Generation
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
21 |
18 |
19 |
5 |
|
6 to 10 |
236 |
239 |
240 |
236 |
|
11 to15 |
18 |
18 |
17 |
17 |
|
16 to 20 |
18 |
17 |
18 |
18 |
|
21 to 25 |
121 |
121 |
117 |
107 |
|
beyond 25 |
186 |
187 |
188 |
160 |
|
Total |
600 |
600 |
599 |
543 |
|
123 |
|
|
Transmission
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
72 |
42 |
37 |
13 |
|
6 to 10 |
327 |
356 |
358 |
442 |
|
11 to15 |
57 |
57 |
60 |
60 |
|
16 to 20 |
42 |
42 |
41 |
49 |
|
21 to 25 |
159 |
158 |
157 |
174 |
|
beyond 25 |
446 |
447 |
444 |
491 |
|
Total |
1,103 |
1,102 |
1,097 |
1,229 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
77 |
64 |
38 |
18 |
|
6 to 10 |
503 |
516 |
527 |
504 |
|
11 to15 |
8 |
8 |
9 |
9 |
|
16 to 20 |
16 |
16 |
15 |
8 |
|
21 to 25 |
304 |
301 |
298 |
286 |
|
beyond 25 |
458 |
462 |
462 |
436 |
|
Total |
1,366 |
1,367 |
1,349 |
1,261 |
14.2.By region
|
State |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Acre |
133 |
133 |
134 |
135 |
|
Amazonas |
11 |
12 |
14 |
14 |
|
Amapá |
170 |
170 |
169 |
168 |
|
Maranhão |
348 |
348 |
347 |
345 |
|
Mato Grosso |
197 |
198 |
199 |
196 |
|
Pará |
454 |
450 |
449 |
444 |
|
Rondônia |
237 |
237 |
236 |
231 |
|
Roraima |
48 |
48 |
48 |
48 |
|
São Paulo |
37 |
36 |
36 |
37 |
|
Tocantins |
54 |
54 |
54 |
53 |
|
Tucuruí |
278 |
279 |
277 |
276 |
|
Distrito Federal |
1,102 |
1,104 |
1,082 |
1,086 |
|
Total |
3,069 |
3,069 |
3,045 |
3,033 |
14.3.By departments
|
Department |
1T14 |
2T14 |
3T14 |
4T14 |
|
Administrative |
1,031 |
1,702 |
1,696 |
1,261 |
|
Field |
2,493 |
1,367 |
1,349 |
1,772 |
|
Total |
3,524 |
3,069 |
3,045 |
3,033 |
15.Complementary work force
|
Operational |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Personnel |
380 |
399 |
394 |
382 |
16.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
0.23 |
0.05 |
0.29 |
0.28 |
|
124 |
Balance Sheet
(R$ thousand)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
Availabilities |
18,361 |
6,917 |
|
Clients (Consumers and Resellers) |
254,200 |
107,608 |
|
Loans and Financing |
- |
- |
|
Marketable securities |
81,680 |
33,190 |
|
Deferred Fiscal Assets (Taxes and Contribution) |
17,682 |
44,756 |
|
Income tax and Social Contribution |
55,916 |
25,669 |
|
Reimbursement Right - CCC (12,111 Law) |
- |
- |
|
Stored Material |
57,564 |
129,133 |
|
Storage of Nuclear fuel |
340,319 |
343,730 |
|
Financial Asset |
- |
- |
|
Other |
33,221 |
39,165 |
|
|
858,943 |
730,168 |
|
Non-Current Assets |
|
|
|
Clients (Consumers and Resellers) |
- |
- |
|
Loans and Financing |
- |
- |
|
Marketable securities |
- |
- |
|
Deferred Fiscal Assets (taxes and Contributions) |
- |
- |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Right – CCC (12,111 law) |
- |
- |
|
Linked deposits |
60,206 |
45,650 |
|
Stored Nuclear fuel |
661,489 |
507,488 |
|
Other |
364,955 |
303,881 |
|
Advance for equity participation |
- |
- |
|
|
1,086,650 |
857,019 |
|
Investment |
- |
- |
|
Fixed Asset |
10,511,388 |
9,263,371 |
|
Intangible |
58,139 |
48,344 |
|
Non-Current Assets Total |
11,656,177 |
10,168,734 |
|
Total Assets |
12,515,120 |
10,898,902 |
|
125 |
|
|
|
Liabilities and Stockholders’ Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Suppliers |
403,163 |
159,114 |
|
Loans and financing - Principal |
1,088,456 |
257,141 |
|
Loans and financing - Charges |
12,924 |
6,183 |
|
Taxes and social contributions |
51,423 |
67,363 |
|
Income tax and Social Contribution |
- |
- |
|
Advance from clients (Energy sell in advance) |
- |
- |
|
Remuneration to Shareholders (dividends to pay) |
- |
- |
|
Estimated Obligations |
271,099 |
76,878 |
|
Provision for contingencies |
- |
- |
|
Post-employment benefits (Complementary Pension Fund) |
11,832 |
8,587 |
|
Onerous Contracts |
- |
- |
|
Sector charges (regulatory taxes) |
- |
- |
|
Incentive to personnel retirement |
31,649 |
49,857 |
|
Others |
115,665 |
59,933 |
|
|
1,986,211 |
685,056 |
|
Non-Current Liabilities |
|
|
|
Suppliers |
- |
- |
|
Loans and Financing - Principal |
4,044,862 |
2,964,709 |
|
Taxes and Social Contribution |
- |
- |
|
Income tax and Social Contribution |
- |
- |
|
Advance from Clients |
- |
- |
|
Estimated Obligations |
60,003 |
- |
|
Provision for Contingencies |
155,408 |
95,004 |
|
Provision for onerous contaract |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
47,929 |
44,135 |
|
Leasing |
- |
- |
|
Sectorial Charges (regulatory taxes) |
- |
- |
|
Demobilization of asset obligation |
1,314,480 |
1,136,342 |
|
Advance for future capital increase |
- |
- |
|
Others |
109,752 |
139,159 |
|
|
5,732,434 |
4,379,349 |
|
Stockholders’ Equity |
|
|
|
Social capital |
6,607,258 |
6,607,258 |
|
Capital Reserves |
- |
- |
|
Profit Reserves |
- |
- |
|
Additional Proposed Dividend |
- |
- |
|
Accrued profit/losses |
-1,759,129 |
-758,527 |
|
Other comprehensive income |
-51,654 |
-14,234 |
|
Non-controlling shareholders participation |
- |
- |
|
Stockholders’ Equity Total |
4,796,475 |
5,834,497 |
|
Total Liabilities and Stockholders’ Equity |
12,515,120 |
10,898,902 |
|
126 |
|
|
Statement of Income
(R$ thousand)
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
||
|
Supply |
2,192,242 |
1,941,502 |
|
Other Operating Revenue |
220 |
233 |
|
Deductions to the Revenue |
-265,700 |
-223,736 |
|
Net Operating Revenue |
1,926,762 |
1,717,999 |
|
. |
||
|
Operating Costs |
||
|
Charges over the use of electric grid |
-65,867 |
-53,807 |
|
Fuel for electric energy production - CCC |
-308,605 |
-298,790 |
|
Operating expenses |
||
|
Personnel, Material and Third-part related Service |
-1,114,032 |
-869,639 |
|
Depreciation and Amortization |
-360,440 |
-344,604 |
|
Donations and Contributions |
- |
- |
|
Provisions |
-682,299 |
-657,114 |
|
Realignment Headcount Plan |
-219,299 |
- |
|
Others |
-70,419 |
-84,685 |
|
Operating Cost and Expenses |
-2,820,961 |
-2,308,639 |
|
Operating Result before Financial Result |
-894,199 |
-590,640 |
|
Financial result |
-83,859 |
-72,576 |
|
Income before Income tax and Social Contribution |
-978,058 |
-663,216 |
|
. |
||
|
Current Income tax and Social contribution |
-22,544 |
-6,906 |
|
Deferred Income tax and Social Contribution |
- |
-18,413 |
|
Net income for the period |
-1,000,602 |
-688,535 |
|
127 |
|
|
Cash Flow
(R$ thousand)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Profit/Loss before income tax and social contribution |
-978,058 |
-663,216 |
|
Depreciation and amortization |
360,440 |
344,604 |
|
Net monetary and currency variations |
-3,245 |
31,966 |
|
Financial charges |
46,501 |
37,108 |
|
Equity Equivalency Result |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of questionable liquidation |
0 |
0 |
|
Provision for contingencies |
60,218 |
21,791 |
|
Provision for staff realignment |
219,299 |
0 |
|
Impairment |
557,834 |
532,509 |
|
Global reversal reserve charges |
0 |
0 |
|
Adjustment to present value / market value |
79,145 |
46,226 |
|
Minority Participation in the Results |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Revenue of financing assets - IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
354,532 |
377,050 |
|
Variation in operating assets / liabilities |
-407,578 |
-354,698 |
|
Cash generated in operating activities |
289,088 |
373,340 |
|
|
||
|
Financial charges paid |
-96,155 |
-75,558 |
|
Payment of global reversal reserve charges |
0 |
0 |
|
Financial charges received |
0 |
0 |
|
Remuneration received from equity participation |
0 |
0 |
|
Financial asset revenue by RAP |
0 |
0 |
|
Receiving compensation for financial asset |
0 |
0 |
|
Payment of income tax and social contribution |
-55,916 |
-50,988 |
|
Payment of pension fund |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
-20,509 |
-3,373 |
|
Net cash operating activities |
116,508 |
243,421 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
1,785,433 |
739,969 |
|
Loans and financing payable – principal |
-51,929 |
-59,116 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Payment on refinancing of taxes and contributions - Principal |
0 |
0 |
|
Receipt of Advance for future Capital Increase |
0 |
0 |
|
Others |
0 |
0 |
|
Net financing activities |
1,733,504 |
680,853 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Acquisition of fixed asset |
-1,767,433 |
-1,512,129 |
|
Acquisition of intangible asset |
-20,326 |
-17,776 |
|
Acquisition of Concession asset |
0 |
0 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation |
0 |
0 |
|
Others |
-50,809 |
481,194 |
|
Net cash investment activities |
-1,838,568 |
-1,048,711 |
|
|
||
|
Increase (decrease) in cash and cash equivalent |
11,444 |
-124,437 |
|
|
||
|
Cash and cash equivalent – beginning of period – 12/31/13 |
6,917 |
131,354 |
|
Cash and cash equivalent – end of period – 12/31/14 |
18,361 |
6,917 |
|
|
11,444 |
-124,437 |
|
128 |
|
|
4Q14 x 3Q14
The Company presented the 4Q14 a result 3,100.8% lower than the one reported in the previous quarter, from a net profit of R$ 17.3 million in 3Q14 to a net loss of R$ 520.5 million in 4Q14, mainly due to factors described below.
Operating Revenue
In generation:
The electric energy supply increased by 10.5%, from R$ 519.4 million in 3Q14 to R$ 573.8 million in 4Q14, mainly due to the higher amount of energy sold in the period.
Operating Expense
The personnel expenses, materials and third-part related services increased by 8.6%, from R$ 311.6 million in 3Q14 to R$ 338.3 million in 4Q14, mainly due to expenses related to the early retirement program occurred in the period with the dismissals.
The fuel for electric energy production increased by 42.4% from R$ 61.9 million in 3Q14 to R$ 88.1 million in 4Q14, mainly due to higher energy generation in 4Q14.
The expenditures with the Early Retirement Program increased by 62.5%, from R$ 53 million in 3Q14 to R$ 86.1 million in 4Q14, mainly due to the greater quantity of employees off the 4Q14.
The operational provisions increased by 5,038%, from a provision of R$ 12.2 million in 3Q14 to a provision of R$ 602 million in 4Q14, mainly due to the register of impairment related to plant Angra 3 in the amount of R$ 558 million.
Financial Result
The debt charges increased by 164.4%, from R$ 8.1 million in 3Q14 to R$ 21.4 million in 4Q14, mainly due to new loans from Eletrobras.
The net exchange rate changes increased by 2,070.8%, from R$ 2.2 million in 3Q14 to R$ 48.6 million in 4Q14, mainly due to the appreciation of the dollar that positively impacted the advance purchase of equipment held by the company.
|
129 |
|
|
Market Data
1.Generation Assets and Energy generated
|
Unit |
Installed Capacity (MW) |
Guaranteed energy (Avg MW) |
Energy generated (MWh) |
Total 2014 | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | ||||
|
Angra I |
640 |
509,8 |
1,299,694 |
842,821 |
1,427,505 |
1,419,553 |
4,989,573 |
|
Angra II |
1,350 |
1,204.7 |
2,939,049 |
2,926,158 |
1,586,080 |
2,992,387 |
10,443,674 |
|
Total |
1,990 |
1,714.5 |
4,238,744 |
3,768,980 |
3,013,586 |
4,411,940 |
14,433,249 |
|
Unit |
Location (State) |
Beginning of Operation |
End of Concession = Useful EconomicLife |
|
Angra I |
Rio de Janeiro |
Jan/85 |
Dec/24 |
|
Angra II |
Rio de Janeiro |
Sep/00 |
Aug/39 |
2.Electric energy purchased for resale - N/A
3.Energy sold
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
| |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |||
|
Eletrobras System |
A |
- |
- |
- |
- |
- |
- |
|
|
|
| |
|
B |
15.8 |
109,906 |
15.4 |
97,531 |
14.7 |
77,873 |
16.8 |
114,113 |
62.7 |
399,423 | ||
|
Others |
A |
- |
- |
- |
- |
- |
- |
|
|
|
| |
|
B |
542.3 |
3,765,422 |
526.6 |
3,341,422 |
504.6 |
2,667,960 |
581.0 |
3,939,555 |
2,154.5 |
13,714,359 | ||
|
Total |
A |
- |
- |
- |
- |
- |
- |
|
|
|
| |
|
B |
558.1 |
3,875,328 |
542 |
3,438,953 |
519.3 |
2,745,833 |
597.8 |
4,053,668 |
2,217.2 |
14,113,782 | ||
A - Through auction
B - Through free market agreements or bilateral contracts
4.CCEE settlement (Spot and MRE) – N/A
5.Fuel used to produce electricity
|
Type |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Kg |
R$ Million |
Kg |
R$ Million |
Kg |
R$ Million |
Kg |
R$ Million |
Kg |
R$ Million | |
|
Uranium |
72,101 |
85.1 |
59,990 |
73.5 |
56,551 |
61.9 |
67,030 |
88.1 |
255,672 |
308.6 |
6.Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2.11 |
2.38 |
2.12 |
2.03 |
2.09 |
7.Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
143.76 |
157.69 |
189.12 |
147.33 |
157,09 |
8.Extension of transmission lines - Km – N/A
9.Transmission losses - % - N/A
|
130 |
|
|
10.Main investments– R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
Budget 2014 |
|
Generation |
|
|
|
|
|
|
Angra 1 and 2 (Maintenance) |
29,735.3 |
36,269.5 |
58,567.0 |
68,703.7 |
405,743.7 |
|
Angra 3 |
155,198.4 |
532,649.9 |
279,737.9 |
808,934.1 |
2,110,817.6 |
|
Others* |
9,602.7 |
2,355.7 |
2,291.5 |
2,996.3 |
45,253.6 |
|
Total |
194,536.4 |
571,275.1 |
340,596.4 |
880,634.1 |
2,561,814.9 |
11.New investments
Generation
|
Unit |
Location (State) |
Investiment (R$ million) |
Installed capacity - MW |
Guaranteed energy (MW) |
Beginning of Operation |
Beginning of construction |
End of Concession | |
|
Total |
Up to 4Q14 | |||||||
|
Angra 3 |
RJ - Angra dos Reis |
14,882 ** |
5,912.3 |
1,405 |
1,214.2 |
Dec/18 |
Jul/08 |
Dec/58* |
* There is no Operation license yet for Angra 3. 40 years the same for Angra 2.
** Only direct costs
12.Loans and financing – R$ million
Local currency – LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Date Due |
Index |
|
Eletrobras |
1,083.6 |
1,062.2 |
1,048.0 |
1,033.9 |
01.30.2038 |
5%p.y./UFIR |
|
Eletrobrás |
- |
- |
- |
445.4 |
09.30.2022 |
119.5% Tax DI Over |
|
BNDES |
2,118.8 |
2,260.6 |
2,358.3 |
2,629.5 |
06.15.2036 |
1.72%p.y.+TJLP |
|
CEF |
264.0 |
760.8 |
773.6 |
1,037.4 |
06.30.2015 |
6.7% p.y. |
Foreign currency – FC– N/A
13.Contracts
13.1.Loans and financing – R$ million
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After2020 |
Total (LC + FC) |
|
By activity |
1,101.2 |
99.9 |
180.2 |
212.6 |
220.6 |
226.6 |
3,105.1 |
5,146.2 |
|
Generation |
1,101.2 |
99.9 |
180.2 |
212.6 |
220.6 |
226.6 |
3,105.1 |
5,146.2 |
|
By creditor |
1,101.2 |
99.9 |
180.2 |
212.6 |
220.6 |
226.6 |
3,105.1 |
5,146.2 |
|
Eletrobras |
56.6 |
65.9 |
108.4 |
135.7 |
138.1 |
138.1 |
836.5 |
1,479.3 |
|
BNDES |
7.2 |
34.0 |
71.8 |
76.9 |
82.5 |
88.5 |
2,268.6 |
2,629.5 |
|
CEF |
1,037.4 |
- |
- |
- |
- |
- |
- |
1,037.4 |
|
131 |
|
|
14.Number of employees
14.1.By tenure
Generation
|
Tenure in years |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
397 |
416 |
412 |
399 |
|
6 to 10 |
345 |
351 |
330 |
322 |
|
11 to15 |
304 |
306 |
337 |
348 |
|
16 to 20 |
166 |
166 |
165 |
160 |
|
21 to 25 |
126 |
126 |
117 |
84 |
|
beyond 25 |
504 |
501 |
449 |
394 |
|
Total |
1,842 |
1,866 |
1,810 |
1,707 |
Administration
|
Tenure in years |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
148 |
149 |
147 |
146 |
|
6 to 10 |
137 |
139 |
136 |
133 |
|
11 to15 |
59 |
60 |
66 |
68 |
|
16 to 20 |
10 |
11 |
11 |
11 |
|
21 to 25 |
79 |
79 |
65 |
35 |
|
beyond 25 |
280 |
282 |
245 |
163 |
|
Total |
713 |
720 |
670 |
556 |
14.2.By region
|
State |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Rio de Janeiro |
2,550 |
2,581 |
2,475 |
2,261 |
|
Distrito Federal |
05 |
05 |
05 |
02 |
14.3.By departments
|
Departments |
Number of employees | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
1,842 |
1,866 |
1,810 |
1,707 |
|
Administrative |
713 |
720 |
670 |
556 |
15.Complementary work force - N/A
16.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.0043 |
0.0081 |
0.0284 |
0.0505 |
0.0919 |
|
132 |
 |
Balance Sheet
(R$ thousand)
|
Assets |
Consolidated | |
|
12.31.14 |
12.31.13 | |
|
Current Assets |
||
|
Availabilities |
26,960 |
773,711 |
|
Clients (Consumers and resellers) |
188,497 |
246,241 |
|
Financing and Loans |
1,400 |
1,339 |
|
Marketable Securities |
143,798 |
- |
|
Dividends to Receive (Remuneration from equity participations) |
4,715 |
2,057 |
|
Fiscal Assets Deferred (Taxes and Contributions) |
17,340 |
28,675 |
|
Income Tax and Social Contribution |
39,260 |
41,407 |
|
Linked Deposits |
127,739 |
25,671 |
|
Stored Material |
35,133 |
35,745 |
|
Financial Asset |
64,349 |
62,760 |
|
Receivable 12,783/13 Law |
420,730 |
391,107 |
|
Others |
100,800 |
64,674 |
|
Total Current Assets |
1,170,721 |
1,673,387 |
|
. |
||
|
Non-Current Assets |
||
|
Clients (Consumers and resellers) |
521,710 |
374,261 |
|
Financing and Loans |
4,113 |
5,375 |
|
Marketable Securities |
174 |
143 |
|
Fiscal Assets Deferred (Taxes and Contributions) |
28,738 |
25,901 |
|
Income Tax and Social Contribution |
- |
161,226 |
|
Derivatives |
- |
- |
|
Reimbursement Rights – CCC (12,111 law) |
- |
- |
|
Linked Deposits |
155,209 |
139,224 |
|
Financial Asset – Annual Allowed Revenue (transmission) |
2,087,925 |
2,088,177 |
|
Receivables 12,783/13 Law |
- |
228,146 |
|
Others |
101,756 |
1,198 |
|
Advances for equity participation |
503,987 |
208,629 |
|
|
3,403,612 |
3,232,280 |
|
INVESTMENTS |
2,826,445 |
2,468,677 |
|
FIXED |
2,616,344 |
2,378,241 |
|
INTANGIBLE |
171,575 |
180,261 |
|
Non-Current Assets Total |
9,017,976 |
8,259,459 |
|
Assets Total |
10,188,697 |
9,932,846 |
|
133 |
|
|
|
Liabilities and Stockholders’ Equity |
Consolidated | |
|
12.31.14 |
12.31.13 | |
|
Current Liabilities |
||
|
Suppliers |
76,685 |
62,863 |
|
Loans and financing |
290,344 |
389,167 |
|
Bonds |
255,159 |
- |
|
Taxes and Social Contributions |
59,024 |
53,373 |
|
Income tax and Social Contribution |
335 |
103 |
|
Derivatives |
- |
- |
|
Advance from consumers (Energy sell in advance) |
- |
- |
|
Remuneration to shareholders (dividends to pay) |
9,307 |
63,466 |
|
Estimated obligations |
78,621 |
84,102 |
|
Provisions for contingencies |
- |
- |
|
Post-employment benefit (Supplementary Pension Fund) |
2,171 |
11,733 |
|
Onerous Contracts |
- |
- |
|
Concessions to pay - UBP |
2,084 |
1,977 |
|
Sectorial Charges (regulatories fees) |
41,868 |
32,685 |
|
Incentive for personnel retirement |
- |
- |
|
Others |
136,633 |
176,063 |
|
Total of current Liabilities |
952,231 |
875,532 |
|
|
||
|
Non-Current Liabilities |
||
|
Suppliers |
- |
- |
|
Loans and financing - principal |
3,315,064 |
2,800,672 |
|
Taxes and Social Contributions |
56,759 |
72,400 |
|
Income tax and Social Contribution |
29,064 |
- |
|
Advance from consumers (Energy sell in advance) |
- |
- |
|
Estimated obligations |
13,397 |
20,638 |
|
Provisions for contingencies |
74,933 |
55,903 |
|
Provisions for uncovered liabilities on invested companies |
97,449 |
- |
|
Provision for Onerous Contracts |
- |
427,746 |
|
Post-employment benefit (Supplementary Pension Fund) |
160,551 |
67,174 |
|
Leasing |
- |
- |
|
Concessions to pay - UBP |
23,938 |
22,814 |
|
Advance for future capital increase |
63,985 |
59,284 |
|
Incentive for personnel retirement |
- |
- |
|
Others |
118,278 |
24,216 |
|
Non-Current Total |
3,953,418 |
3,550,847 |
|
|
||
|
Stockholders’ Equity |
||
|
Social Capital |
4,295,250 |
4,295,250 |
|
Capital reserve |
- |
- |
|
Profit reserve |
1,074,209 |
1,072,411 |
|
Additional proposed dividends |
25,623 |
188,660 |
|
Accumulated Profit/Losses |
- |
- |
|
Others comprehensive Results |
-126,391 |
-63,387 |
|
Non-Controlling shareholders participation |
14,357 |
13,533 |
|
|
||
|
Total Stockholders’ Equity |
5,283,048 |
5,506,467 |
|
|
||
|
Total Liabilities and Stockholders’ Equity |
10,188,697 |
9,932,846 |
|
134 |
|
|
Statement of Income
(R$ thousand)
|
Consolidated | ||
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
||
|
Generation |
||
|
Supply for Distributors |
325,497 |
- |
|
Supply |
- |
289,280 |
|
Short Term Electric Energy |
46,058 |
48,516 |
|
|
||
|
Transmission |
||
|
O&M Revenue Renewed Lines |
497,480 |
430,595 |
|
O&M Revenue |
93,520 |
84,045 |
|
Construction Revenue – Transmission |
59,820 |
117,925 |
|
Return on Investment - T |
206,377 |
175,808 |
|
Others Operating Revenues |
27,613 |
51,415 |
|
|
||
|
Deductions to Revenue |
-137,708 |
-113,142 |
|
Net Operating Revenue |
1,118,657 |
1,084,442 |
|
|
||
|
Operating Costs |
||
|
Electric Energy purchased for resale |
-62,677 |
-41,864 |
|
Charges over the electric energy network usage |
-13,601 |
-17,242 |
|
Fuel for electric energy production - CCC |
- |
- |
|
Construction Cost |
-59,820 |
-117,925 |
|
Operating Expenses |
||
|
Personnel, Material and Third-part services |
-472,497 |
-491,378 |
|
Remuneration and Reimbursement |
-9,139 |
-8,607 |
|
Depreciation and Amortization |
-125,941 |
-91,809 |
|
Donations and Contributions |
-5,541 |
-4,743 |
|
Provisions |
352,162 |
234,545 |
|
Others |
-13,833 |
-50,101 |
|
Operating Costs and Expenses |
-410,887 |
-589,124 |
|
|
||
|
Equity Participation Results |
-319,232 |
-20,778 |
|
Operating Result before Financial result |
388,538 |
474,540 |
|
|
||
|
Financial Result |
-123,682 |
-84,193 |
|
Result before Income tax and Social Contribution |
264,856 |
390,347 |
|
|
||
|
Current Income tax and Social Contribution |
-3,184 |
-32,970 |
|
Deferred Income tax and Social Contribution |
-222,500 |
-90,114 |
|
Net Profit of the period |
39,172 |
267,263 |
|
135 |
|
|
Cash Flow - Consolidated
(R$ thousands)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
Operating Activities |
||
|
Income before income tax, social contribution |
264,856 |
390,347 |
|
Depreciation and amortization |
125,941 |
92,575 |
|
Monetary / Exchange net variation |
-38,394 |
4,302 |
|
Financial Charges |
190,642 |
163,074 |
|
Equity method result |
416,682 |
20,778 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of questionable liquidation |
-557 |
36 |
|
Provision for contingencies |
-5,083 |
-27,819 |
|
Provision for realignment of staff plan |
196 |
13,147 |
|
Provision for impairment |
-57,610 |
247,578 |
|
Provision for onerous contract |
-407,893 |
-502,531 |
|
Charges of reversal global reserve |
0 |
0 |
|
Adjustment to present value / market value (sum to Others item) |
4,260 |
-6,536 |
|
Minority participation in the result |
0 |
0 |
|
Charges on shareholders funds |
25,449 |
5,131 |
|
Revenue of Financial Asset by IRR |
-206,377 |
-175,808 |
|
Derivatives |
0 |
0 |
|
Others |
-563,319 |
-437,861 |
|
Increase/Decrease in operating assts/liabilities |
-259,756 |
81,668 |
|
Cash from operating activities |
-510,963 |
-131,919 |
|
|
||
|
Payment of financing charges |
-252,084 |
-244,520 |
|
Payment of charges of reversal global reserve |
0 |
0 |
|
Financial charges receiving |
448 |
566 |
|
Receiving of investment remuneration on equity participation |
7,725 |
12,902 |
|
Receiving of annual allowed revenue (financial asset) |
842,071 |
755,900 |
|
Receiving of indemnities of financial asset |
311,447 |
1,504,383 |
|
Payment of income tax and Social Contribution |
-21,231 |
-32,095 |
|
Payment of complementary pension fund |
0 |
0 |
|
Payment of lawsuit contingencies |
0 |
-21,995 |
|
Lawsuits deposits |
-20,710 |
-4,106 |
|
Net cash from operating activities |
356,703 |
1,839,116 |
|
|
||
|
Financing Activities |
||
|
Loans and Financing obtained |
974,207 |
595,578 |
|
Payment of loans and Financing - Principal |
-400,355 |
-266,893 |
|
Payment to shareholders |
-279,195 |
-70,135 |
|
Payment of refinancing of taxes and social contributions - principal |
-18,633 |
-31,751 |
|
Receiving of future capital increase |
0 |
0 |
|
Others |
-11,828 |
-10,843 |
|
Net cash from financing activities |
264,196 |
215,956 |
|
|
||
|
Investment Activities |
||
|
Fixed Asset Acquisition |
-332,632 |
-154,246 |
|
Intangible Asset Acquisition |
-3,548 |
-1,673 |
|
Concession Asset Acquisition |
-59,820 |
-117,925 |
|
Concession of cash in advance for future capital Increase |
-554,807 |
-374,849 |
|
Acquisition/Contribution of Capital in equity participation |
-416,843 |
-843,656 |
|
Others |
0 |
0 |
|
Net cash from Investment Activities |
-1,367,650 |
-1,492,349 |
|
|
||
|
Increase (decrease) in cash and cash equivalent |
-746,751 |
562,723 |
|
|
||
|
Cash and cash equivalent – beginning of period - 12/31/13 |
773,711 |
210,988 |
|
Cash and cash equivalent – end of period – 12/31/14 |
26,960 |
773,711 |
|
|
-746,751 |
562,723 |
|
136 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a net loss 157.5% lower than reported in the previous quarter, from R$ 42 million in 3Q14 to R$ 107 million in 4Q14, mainly due to the factors described below.
Operating Revenue
In Generation:
The short-term energy increased by 919.4%, from R$ 4 million in 3Q14 to R$ 37 million in 4Q14, mainly due to higher volume of energy traded in CCEE. This energy comes from the Power Purchase Agreement - PPA signed with SPS ESRB, which the company has a 20% stake.
In Transmission:
The transmission segment revenues (operation and maintenance) remained at the same level as the previous quarter.
The construction revenue showed an increase of 134.5%, from R$ 13 million in 3Q14 to R$ 31 million in 4Q14, which has correspondence of equal value in the construction expense, not affecting net income of the company.
Operating Expenses
The personnel expenses increased by 13.8%, from R$ 119.5 million in 3Q14 to R$ 136.1 million in 4Q14, mainly due to the increase on the agreement on the company's operating policy as retroactive indemnities payments and does not constitute future increase in expenses such as the recognition of pension provision in the 4Q14.
The electric energy purchased for resale showed an increase of 84.5% from R$ 16 million in 3Q14 to R$ 29 million in 4Q14, mainly due to purchased energy of HPU Jirau, mentioned above.
The operational provisions fell by 66%, from R$ 110 million in 3Q14 to R$ 37 million in 4Q14, mainly due to recognition of onerous contracts reversals in the amount of R$ 108 million in 3Q14, partially offset by the reversal of impairment of R$ 58 million in 4Q14.
Financial Result
The net financial result increased by 133.7%, from an expense of R$ 31 million in 4Q14 to an expense of R$ 71 million in 4Q14, mainly due to uptake of the order loans of R$ 723 million, burdening the cost of charges debt and financial transaction tax - IOF.
|
137 |
|
|
Market Data
1.Generation Assets and Energy generated
1.1.Own assets
|
Plant |
Installed Capacity (MW) |
Guaranteed energy (MW Average) |
Energy generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
HPU Passo São João |
77.00 |
41.10 |
67,052.70 |
119,228.20 |
143,053.76 |
132,251.75 |
461,586.41 |
|
HPU Mauá* |
177.9 |
96.90 |
186,075.20 |
253,601.70 |
302,507.46 |
310,219.74 |
1,052,404.11 |
|
HPU São Domingos |
48.00 |
36.40 |
50,819.70 |
48,277.80 |
48,202.47 |
47,390.41 |
194,690.40 |
|
SHU Barra do Rio Chapéu |
15.15 |
8.61 |
13,740.00 |
18,764.00 |
14,723.88 |
13,081.29 |
60,309.18 |
|
SHU João Borges |
19.00 |
10.14 |
12,760.30 |
25,586.70 |
19,297.30 |
22,043.24 |
79,687.54 |
|
WPP Cerro Chato I |
30.00 |
11.00 |
22,236.20 |
24,042.30 |
28,611.65 |
22,482.89 |
97,373.03 |
|
WPP Cerro Chato II |
30.00 |
11.00 |
23,209.40 |
25,445.50 |
30,441.54 |
24,666.74 |
103,763.19 |
|
WPP Cerro Chato III |
30.00 |
11.00 |
22,391.00 |
24,640.50 |
29,583.30 |
24,451.09 |
101,065.88 |
|
Megawatt Solar |
0.93 |
- |
- |
34.64 |
171.52 |
305.80 |
510.96 |
* The reported values refer to the Company's interest in the project ( Consorcio Maua 49% Eletrosul).
|
Plant |
Location (State) |
Beginning of Operation |
End of Operation |
|
HPU Passo São João |
RS |
Mar/12 |
Aug/41 |
|
HPU Mauá* |
PR |
Nov/12 |
Jul/42 |
|
HPU São Domingos |
MS |
Jun/13 |
Dec/37 |
|
SHU Barra do Rio Chapéu |
SC |
Feb/13 |
May/34 |
|
SHU João Borges |
SC |
Jul/13 |
Dec/35 |
|
WPP Cerro Chato I |
RS |
Nov/11 |
Aug/45 |
|
WPP Cerro Chato II |
RS |
Sep/11 |
Aug/45 |
|
WPP Cerro Chato III |
RS |
Jun/11 |
Aug/45 |
|
Megawatt Solar |
SC |
Sep/14 |
- |
* Mauá Consortium (49% Eletrosul)
1.2.SPE
|
SPE |
Plant |
Installed Capacity MW |
Guaranteed energy MW Average |
Energy generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
ESBR Participações S.A. |
HPU Jirau* |
3,750.0
|
2,184.6 |
289,282.53 |
730,294.27 |
1,028,828.00 |
1,602,518.00 |
3,650,922.80 |
|
WPP Livramento |
WPP** |
78.0 |
29.0 |
4,089.30 |
8,181.40 |
20,238.8 |
7,940.8 |
40,450.3 |
* The UHE Jirau is operating with 1,500 MW capacity.
** The wind farms refer to plants of the Holding Livramento , operating with 38 MW of installed capacity.
|
Plant |
Participation % |
Location (State) |
Beginning of Operation |
End of Concession |
|
HPU Jirau |
20 |
RO |
Sep/13 |
Aug/43 |
|
WPP –Livramento Holding S/A |
52.53 |
RS |
Nov/13 |
Mar/47 |
|
138 |
|
|
2.Electric energy purchased for resale
2.1.Own assets
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
- |
- |
- |
- |
|
|
R$ million |
- |
- |
- |
- |
| |
|
Others* |
MWh |
16,717.65 |
15,366.71 |
69,536.37 |
134,620.34 |
236,241.07 |
|
R$ million |
5.25 |
2.60 |
16.40 |
25.89 |
50.14 | |
|
TOTAL |
MWh |
16,717.65 |
15,366.71 |
69,536.37 |
134,620.34 |
236,241.07 |
|
R$ million |
5.25 |
2.60 |
16.40 |
25.89 |
50.14 |
* Includes compensation Klabin (SHU Salto Mauá ) . As the Concession Agreement No. 001/2007 - MME- HPP Maua , Maua enterprise must reimburse to Klabin SA for the loss of generation in Hydroelectric Plant Salto Mauá .
2.2.SPE
Livramento Holding S.A.
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
17,176.7 |
47,403.70 |
42,181.63 |
27,193.68 |
133,955.71 |
|
R$ million |
11.537 |
27.363 |
25.702 |
18.645 |
83.25 | |
|
Others |
MWh |
- |
- |
- |
- |
- |
|
R$ million |
- |
- |
- |
- |
- | |
|
Total |
MWh |
17,176.7 |
47,403.70 |
42,181.63 |
27,193.68 |
133,955.71 |
|
R$ million |
11.537 |
27.363 |
25.702 |
18.645 |
85.80 |
3.Energy sold
3.1.Own assets
3.1.1. Energy sold by enterprises not affected by 12,783 Law(not from quotas)
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
- |
- |
- |
- |
|
|
|
|
|
|
|
B |
- |
- |
- |
- |
|
|
|
|
|
| |
|
Others |
A |
76.0 |
454,414 |
69.5 |
417,141 |
73.9 |
429,127 |
76.4 |
452,019 |
295.8 |
1,752,701 |
|
B* |
7.3 |
59,728 |
7.4 |
58,000 |
7.5 |
61,374 |
7.5 |
61,252 |
29.7 |
240,354 | |
|
Total |
A |
76.0 |
454,414 |
69.5 |
417,141 |
73.9 |
429,127 |
76.4 |
452,019 |
295.8 |
1,752,701 |
|
B |
7.3 |
59,728 |
7.4 |
58,000 |
7.5 |
61,374 |
7.5 |
61,252 |
29.7 |
240,354 | |
A - Sale of energy in regulated enviroment.
B - Through free market agreements or bilateral contracts
* Includes compensation Klabin (SHU Salto Maua) . As the Concession Agreement No. 001/2007 - MME- HPP Maua , Maua enterprise must reimburse the Klabin SA for the loss of generation in Hydroelectric Plant Salto Mauá.
|
139 |
|
|
3.1.2. Energy sold by enterprises affected by 12,783 Law – O&M – N/A
3.2.SPE
ESBR Participações S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
3.2 |
32,900 |
8.3 |
88,100 |
12.7 |
126,204 |
18.2 |
183,578 |
41.8 |
430,774 |
|
B |
1.6 |
9,500 |
3.7 |
21,900 |
16.7 |
98,000 |
38.3 |
226,219 |
60.2 |
355,634 | |
|
Others |
A |
28.2 |
299,400 |
76.5 |
799,600 |
112.6 |
1,146,325 |
159.7 |
1,598,318 |
376.9 |
3,843,624 |
|
B |
2.4 |
14,200 |
5.6 |
32,900 |
24.3 |
143,481 |
57.4 |
339,328 |
89.7 |
529,931 | |
|
Total |
A |
31.4 |
332,300 |
84.8 |
887,700 |
124.7 |
1,272,529 |
177.9 |
1,781,896 |
418.8 |
4,274,425 |
|
B |
4.0 |
23,700 |
9.3 |
54,800 |
41.0 |
241,482 |
95.7 |
592,082 |
149.9 |
912,064 | |
|
CCEE TOTAL |
91.4 |
-66,756 |
97.6 |
-212,177 |
4.0 |
-485,182 |
45.5 |
-771,461 |
189.0 |
-1,050,394 | |
A - Through auctions
B - Through free market contracts or bilateral contracts
Livramento Holding S.A.
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A |
0.762 |
2,761.78 |
1.60 |
6,847.90 |
0.347 |
6,923.16 |
0.266 |
6,920.00 |
2.975 |
23,452.84 |
|
B |
|
|
|
|
|
|
|
|
|
| |
|
Others* |
A |
6.290 |
22,781.82 |
13.203 |
56,488.10 |
2.868 |
57,108.84 |
2.194 |
57,083.00 |
24.555 |
193,461.76 |
|
B |
|
|
|
|
|
|
|
| |||
|
Total |
A |
7.053 |
25,543.60 |
14.804 |
63,336.00 |
3.216 |
64,032.00 |
2.460 |
64,003 |
27.533 |
216,914.60 |
|
B |
|
|
|
|
|
|
|
| |||
A - Through auctions
B - Through free market contracts or bilateral contracts
4.CCEE settlement (Spot and MRE – Regulated Market)
|
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |
|
Net |
R$ million |
-10.33 |
-10.30 |
-0.04 |
40.50 |
19.82 |
|
MWh |
-117,100.99 |
52,020.60 |
169,390.74 |
230,675.27 |
334,985.63 | |
|
MWaverage |
-54.19 |
23.82 |
76.72 |
104.52 |
150.87 |
5. Fuel used to produce electricity - N/A
6. Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
3.31 |
3.35 |
3.16 |
2.94 |
3.20 |
*Considered Basic Network and Internal losses.
7.Average price– R$/MWh
7.1.Own assets –enterprises not affected by 12,783 Law
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
166.11 |
168.50 |
173.74 |
175.77 |
171.03 |
|
140 |
|
|
7.1.1 Own assets – enterprises renewed in accordance with 12,783 Law – O&M – N/A
7.2.SPE
|
SPE |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
ESBR Participações S.A. |
99.31 |
99.87 |
109.35 |
117.15 |
109.65 |
|
Livramento Holding S.A. |
274.85 |
232.66 |
50.01 |
38.45 |
126.93 |
8.Extension of transmission lines – Km
8.1.Own assets
8.1.1.Transmission lines – Enterprises not affected by 12,783 law
|
From - To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Blumenau – Biguaçu /Campos Novos |
357.8 |
525 |
Sep/06 |
Mar/35 |
|
Salto Santiago/Ivaiporã |
168.5 |
525 |
Out/05 |
Feb/34 |
|
Ivaiporã/Cascavel Oeste |
203.4 |
525 |
Out/05 |
Feb/34 |
|
Campos Novos(SC)/Nova S.Rita(RS) |
257.4 |
525 |
Mai/09 |
Apr/36 |
|
Sub/Total 525 kV |
987.1 |
|
|
|
|
Coletora Porto Velho / P. Velho (RO) |
44.0 |
500/230 |
Aug/12 |
Feb/39 |
|
Sub/Total 500/230 kV |
44.0 |
|
|
|
|
Presidente Médice/Santa Cruz |
237.4 |
230 |
Jan/10 |
Mar/38 |
|
Monte Claro /Garibaldi |
33.5 |
230 |
Sep/13 |
Oct/40 |
|
Sub/Total 230 kV |
270.9 |
|
|
|
|
Basic Network Total |
1,302.0 |
|
|
|
|
General Total |
1,302.0 |
|
|
|
8.1.1.2.Transmission lines – enterprises renewed in terms of the 12,783 law – O&M
|
From - To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Areia/Bateias |
220.3 |
525 |
Jun/00 |
Dec/42 |
|
Areia/Campos Novos |
176.3 |
525 |
Sep/82 |
Dec/42 |
|
Areia/Curitiba |
235.8 |
525 |
Jun/00 |
Dec/42 |
|
Areia/Ivaiporã |
173.2 |
525 |
May/82 |
Dec/42 |
|
Areia / /Segredo |
57.8 |
525 |
Aug/92 |
Dec/42 |
|
Blumenau / /Curitiba |
135.7 |
525 |
Dec/83 |
Dec/42 |
|
Campos Novos / /Machadinho |
50.2 |
525 |
Jan/02 |
Dec/42 |
|
Campos Novos / /Caxias |
203.3 |
525 |
Dec/01 |
Dec/42 |
|
Caxias / /Gravataí |
78.7 |
525 |
Dec/01 |
Dec/42 |
|
Caxias / /Itá |
256.0 |
525 |
Feb/02 |
Dec/42 |
|
Curitiba –Bateias |
33.5 |
525 |
Jun/00 |
Dec/42 |
|
Itá – Nova Santa Rita |
314.8 |
525 |
Apr/06 |
Dec/42 |
|
Gravataí – Nova Santa Rita |
29.1 |
525 |
Apr/06 |
Dec/42 |
|
Itá / /Machadinho |
70.1 |
525 |
Jan/02 |
Dec/42 |
|
Itá / /Salto Santiago |
186.8 |
525 |
Sep/87 |
Dec/42 |
|
Ivaiporã / /Londrina |
121.9 |
525 |
Apr/88 |
Dec/42 |
|
Ivaiporã / /Salto Santiago |
165.6 |
525 |
May/82 |
Dec/42 |
|
Ivaiporã Eletrosul / Ivaiporã Furnas |
0.8 |
525 |
Sep/82 |
Dec/42 |
|
Ivaiporã Eletrosul / Ivaiporã Furnas |
0.8 |
525 |
Feb/92 |
Dec/42 |
|
Ivaiporã Eletrosul / Ivaiporã Furnas |
0.8 |
525 |
Jun/04 |
Dec/42 |
|
Salto Santiago //Segredo |
60.9 |
525 |
Aug/92 |
Dec/42 |
|
Salto Santiago //Segredo |
2.1 |
525 |
Aug/92 |
Dec/42 |
|
Areia / /Gov. Bento Munhoz |
10.7 |
525 |
Sep/80 |
Dec/42 |
|
Areia / /Gov. Bento Munhoz |
10.9 |
525 |
Aug/81 |
Dec/42 |
|
Cascavel D'Oeste /Guaíra |
126.2 |
525 |
Apr/01 |
Dec/42 |
|
Campos Novos / /Machadinho 2 |
39.9 |
525 |
Jan/02 |
Dec/42 |
|
Ivaiporã / /Londrina 2 |
122.1 |
525 |
Apr/88 |
Dec/42 |
|
Itá / /Salto Santiago 2 |
187.6 |
525 |
Sep/87 |
Dec/42 |
|
Sub/Total 525 kV |
3,071.9 |
|
|
|
|
141 |
|
|
|
From - To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Anastácio – Dourados |
210.9 |
230 |
Aug/94 |
Dec/42 |
|
Areia / Ponta Grossa Norte |
181.6 |
230 |
Oct/76 |
Dec/42 |
|
Areia / Salto Osório |
156.3 |
230 |
Jan/77 |
Dec/42 |
|
Areia / Salto Osório |
156.2 |
230 |
Dec/76 |
Dec/42 |
|
Areia / São Mateus do Sul |
129.0 |
230 |
Jul/90 |
Dec/42 |
|
Assis / Londrina Copel |
114.3 |
230 |
Mar/79 |
Dec/42 |
|
Blumenau –Jorge Lacerda B |
129.5 |
230 |
Oct/80 |
Dec/42 |
|
Biguaçu – Blumenau 2 |
116.4 |
230 |
Jun/79 |
Dec/42 |
|
Blumenau – Itajaí |
37.5 |
230 |
Jan/02 |
Dec/42 |
|
Blumenau – Itajaí |
37.5 |
230 |
Mar/02 |
Dec/42 |
|
Blumenau – Joinville |
67.0 |
230 |
Sep/79 |
Dec/42 |
|
Blumenau – Joinville Norte |
72.8 |
230 |
Apr/79 |
Dec/42 |
|
Blumenau – Palhoça |
133.9 |
230 |
Jan/84 |
Dec/42 |
|
Campo Mourão / Apucarana |
114.5 |
230 |
Feb/76 |
Dec/42 |
|
Campo Mourão /Maringá |
79.9 |
230 |
Feb/76 |
Dec/42 |
|
Campo Mourão /Salto Osório 1 |
181.2 |
230 |
Feb/76 |
Dec/42 |
|
Campo Mourão /Salto Osório 2 |
181.3 |
230 |
May/76 |
Dec/42 |
|
Canoinhas /São Mateus do Sul |
47.7 |
230 |
Feb/88 |
Dec/42 |
|
Cascavel /Cascavel D'Oeste |
9.9 |
230 |
Apr/01 |
Dec/42 |
|
Caxias / Caxias 5 |
22.5 |
230 |
Jun/09 |
Dec/42 |
|
Curitiba –Joinville |
99.7 |
230 |
Jun/77 |
Dec/42 |
|
Curitiba /São Mateus do Sul |
116.7 |
230 |
Jul/90 |
Dec/42 |
|
Farroupilha /Caxias 5 |
17.9 |
230 |
Oct/05 |
Dec/42 |
|
Monte Claro – Passo Fundo |
211.5 |
230 |
Sep/04 |
Dec/42 |
|
Farroupilha /Monte Claro |
31.0 |
230 |
Sep/04 |
Dec/42 |
|
Farroupilha /Monte Claro2 |
31.0 |
230 |
Sep/04 |
Dec/42 |
|
Monte Claro – Nova Prata |
30.9 |
230 |
Sep/04 |
Dec/42 |
|
Jorge Lacerda A /Jorge Lacerda |
0.8 |
230 |
Dec/79 |
Dec/42 |
|
Jorge Lacerda "B"/ Palhoça |
120.6 |
230 |
Aug/05 |
Dec/42 |
|
Jorge Lacerda / Siderópolis 1 |
49.4 |
230 |
Jun/79 |
Dec/42 |
|
Jorge Lacerda / Siderópolis 2 |
47.3 |
230 |
Aug/79 |
Dec/42 |
|
Londrina(Eletrosul) / Assis |
156.5 |
230 |
May/05 |
Dec/42 |
|
Londrina(Eletrosul) / Maringá |
95.3 |
230 |
May/05 |
Dec/42 |
|
Londrina – Apucarana |
40.4 |
230 |
Apr/88 |
Dec/42 |
|
Londrina Eletrosul / Londrina Copel |
31.6 |
230 |
Apr/88 |
Dec/42 |
|
Atlândida 2 / Osório 2 |
36.0 |
230 |
May/07 |
Dec/42 |
|
Passo Fundo / Nova Prata 2 |
199.1 |
230 |
Nov/92 |
Dec/42 |
|
Passo Fundo – Xanxerê |
79.3 |
230 |
May/75 |
Dec/42 |
|
Passo Fundo – Xanxerê |
79.2 |
230 |
Nov/79 |
Dec/42 |
|
Passo Fundo / Passo Fundo 1 |
0.4 |
230 |
Mar/73 |
Dec/42 |
|
Passo Fundo / Passo Fundo 2 |
0.4 |
230 |
May/73 |
Dec/42 |
|
Salto Osório / Pato Branco |
85.9 |
230 |
Dec/79 |
Dec/42 |
|
Salto Osório – Xanxerê |
162.0 |
230 |
Oct/75 |
Dec/42 |
|
Salto Osório / Salto Osório (1 a 6) |
2.2 |
230 |
Nov/75 |
Dec/42 |
|
Lajeado Grande / Forquilhinha |
116.5 |
230 |
Sep/03 |
Dec/42 |
|
Lajeado Grande / Caxias 5 |
65.6 |
230 |
Oct/05 |
Dec/42 |
|
Xanxerê / Pato Branco |
79.6 |
230 |
Dec/79 |
Dec/42 |
|
Joinville / Vega do Sul 1 |
44.1 |
230 |
Nov/02 |
Dec/42 |
|
Joinville / Vega do Sul 2 |
44.1 |
230 |
Nov/02 |
Dec/42 |
|
Gravataí 2/ / Gravataí 3 |
2.1 |
230 |
Nov/07 |
Dec/42 |
|
Complexo Industrial Automotivo Gravataí /Gravataí 3 |
2.1 |
230 |
Dec/07 |
Dec/42 |
|
Jorge Lacerda A / Jorge Lacerda B 2 |
0.8 |
230 |
Oct/07 |
Dec/42 |
|
Jorge Lacerda B / Jorge Lacerda C 1 |
0.5 |
230 |
Feb/97 |
Dec/42 |
|
Jorge Lacerda B / Jorge Lacerda C 2 |
0.5 |
230 |
Feb/97 |
Dec/42 |
|
Biguaçu –Palhoça |
2.7 |
230 |
Oct/08 |
Dec/42 |
|
Biguaçu –Palhoça (Circuito Duplo) |
17.7 |
230 |
Oct/08 |
Dec/42 |
|
Biguaçu – Desterro Circiuto Duplo |
17.7 |
230 |
Dec/08 |
Dec/42 |
|
Biguaçu – Desterro (Continente) |
21.0 |
230 |
Dec/08 |
Dec/42 |
|
Biguaçu – Desterro (Marítimo) |
4.3 |
230 |
Dec/08 |
Dec/42 |
|
Biguaçu – Desterro (Ilha) |
13.6 |
230 |
Dec/08 |
Dec/42 |
|
Curitiba /Joinville Norte (Circuito Duplo) |
1.0 |
230 |
Nov/76 |
Dec/42 |
|
Curitiba /Joinville Norte (Circuito Simples) |
95.4 |
230 |
Nov/76 |
Dec/42 |
|
Joinville – Joinville Norte (Circuito Duplo) |
1.0 |
230 |
Nov/76 |
Dec/42 |
|
Joinville – Joinville Norte (Circuito Simples) |
4.3 |
230 |
Nov/76 |
Dec/42 |
|
142 |
|
|
|
From - To |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Dourados –Guaíra (Estaiada) |
209.6 |
230 |
Nov/91 |
Dec/42 |
|
Dourados –Guaíra (Circiuto Duplo) |
16.9 |
230 |
Nov/91 |
Dec/42 |
|
Atlântida 2/Gravataí 3 |
64.2 |
230 |
Apr/08 |
Dec/42 |
|
Atlântida 2/Gravataí 3 (Circuito Duplo) |
36.0 |
230 |
Apr/08 |
Dec/42 |
|
Livramento / Rivera |
1.9 |
230 |
Jan/01 |
Dec/42 |
|
El Dorado / Guaíra |
16.9 |
230 |
Oct/82 |
Dec/42 |
|
Siderópolis / Forquilhinha |
27.6 |
230 |
Oct/11 |
Dec/42 |
|
Campos Novos / Barra Grande |
34.6 |
230 |
Sep/05 |
Dec/42 |
|
Sub/Total 230 kV |
4,847.3 |
|
|
|
|
Blumenau / Ilhota |
40.2 |
138 |
Oct/88 |
Dec/42 |
|
Campo Grande / Mimoso 2 |
108.3 |
138 |
Oct/83 |
Dec/42 |
|
Biguaçu – Camboriú – Morro do Boi |
50.3 |
138 |
Feb/02 |
Dec/42 |
|
Biguaçu – Florianópolis |
19.5 |
138 |
Feb/02 |
Dec/42 |
|
Campo Grande / Mimoso 3 |
108.3 |
138 |
Sep/83 |
Dec/42 |
|
Campo Grande / Mimoso 4 |
108.3 |
138 |
Sep/83 |
Dec/42 |
|
Dourados das Nações / Ivinhema |
94.7 |
138 |
Dec/83 |
Dec/42 |
|
Florianópolis / Itajaí Fazenda |
58.4 |
138 |
Oct/90 |
Dec/42 |
|
Florianópolis / Palhoça 1 |
9.6 |
138 |
Nov/83 |
Dec/42 |
|
Florianópolis / Palhoça 2 |
9.6 |
138 |
Nov/83 |
Dec/42 |
|
Blumenau / Gaspar |
29.0 |
138 |
Sep/89 |
Dec/42 |
|
Ilhota – Picarras |
14.8 |
138 |
Apr/94 |
Dec/42 |
|
Ilhota / Itajaí 1 |
7.9 |
138 |
Mar/02 |
Dec/42 |
|
Ilhota / Itajaí 2 |
7.9 |
138 |
Jan/02 |
Dec/42 |
|
Itajaí / Camboriú Morro do Boi |
13.3 |
138 |
Feb/02 |
Dec/42 |
|
Itajaí / Itajaí Fazenda |
5.4 |
138 |
Mar/02 |
Dec/42 |
|
Ivinhema / Porto Primavera |
91.0 |
138 |
Mar/82 |
Dec/42 |
|
Jorge Lacerda A / Imbituba |
45.7 |
138 |
Oct/80 |
Dec/42 |
|
Jorge Lacerda A / Palhoça |
108.6 |
138 |
Oct/83 |
Dec/42 |
|
Joinville / Joinville Santa Catarina |
11.0 |
138 |
Oct/99 |
Dec/42 |
|
Joinville Santa Catarina / Picarras |
50.0 |
138 |
Oct/99 |
Dec/42 |
|
Jupiá – Mimoso 2 |
218.7 |
138 |
Feb/92 |
Dec/42 |
|
Jupiá – Mimoso 3 |
218.7 |
138 |
Jan/82 |
Dec/42 |
|
Jupiá – Mimoso 4 |
218.7 |
138 |
Jan/82 |
Dec/42 |
|
Palhoça – Imbituba |
74.0 |
138 |
Oct/83 |
Dec/42 |
|
Anastácio / Aquidauana 1 |
11.1 |
138 |
Nov/06 |
Dec/42 |
|
Anastácio / Aquidauana 2 |
11.1 |
138 |
Nov/06 |
Dec/42 |
|
LI Araquari/Joinville GM |
19.3 |
138 |
May/12 |
Dec/42 |
|
Biguaçu/ Florianópolis 2 |
19.5 |
138 |
May/11 |
Dec/42 |
|
Ilhota/Araquari Hyosung |
47.7 |
138 |
Sep/11 |
Dec/42 |
|
Ilhota/Gaspar |
11.2 |
138 |
Oct/88 |
Dec/42 |
|
Joinville/Joinville GM |
8.7 |
138 |
May/12 |
Dec/42 |
|
Sub/Total 138 kV |
1,850.5 |
|
|
|
|
Conversora de Uruguaiana / Passo de Los Libres |
12.5 |
132 |
Sep/94 |
Jul/21 |
|
Salto Osório / Salto Santiago |
56.2 |
69 |
Oct/78 |
Dec/42 |
|
Sub/Total (132 and 69 kV) |
68.7 |
|
|
|
|
Basic Network Total |
7,919.2 |
|
|
|
|
General Total |
9,838.4 |
|
|
|
|
143 |
|
|
8.1.2.Substations
8.1.2.1. Substations – enterprises not affected by 12,783 law
|
Substations |
Transformation Capacity |
Location |
Beginning of Operation |
End of Operation |
|
SS – Missões |
150 |
RS |
Nov/10 |
Jan/39 |
|
SS – Biguaçu |
1,344 |
SC |
Abr/08 |
Mar/35 |
|
SS – Foz do Chapecó * |
100 |
RS |
Dez/12 |
Out/40 |
|
SS – Caxias 6 |
330 |
RS |
Ago/12 |
Out/40 |
|
SS – Ijuí 2 |
166 |
RS |
Abr/13 |
Out/40 |
|
SS – Lageado Grande * |
75 |
RS |
Nov/12 |
Out/40 |
|
SS – Nova Petrópolis 2 |
83 |
RS |
Nov/12 |
Out/40 |
|
SS – Coletora Porto Velho |
800 |
RO |
Ago/12 |
Fev/39 |
|
SS Biguaçu –ampliação |
150 |
SC |
Out/12 |
Dez/42 |
|
SS Tapera 2 - ampliação |
83 |
RS |
Nov/12 |
Dez/42 |
|
SS Joinville Norte - ampliação |
150 |
SC |
Set/13 |
Dez/42 |
|
SS Nova Santa Rita –ampliação |
672 |
RS |
Dez/13 |
Dez/42 |
|
Total |
4,103 |
* Transormers installed in third-part related substations
8.1.2.2. Substations – enterprises renewed in terms of 12,783 law – O&M
|
Substations |
Transformation capacity |
Location |
Beginning of Operation |
End of Operation |
|
SS - Campos Novos |
2,466 |
SC |
Sep/1982 |
Dec-42 |
|
SS – Caxias |
2,016 |
RS |
Dec/2001 |
Dec-42 |
|
SS – Gravataí |
2,016 |
RS |
Sep/1982 |
Dec-42 |
|
SS - Nova Santa Rita |
2,016 |
RS |
Aug/2009 |
Dec-42 |
|
SS – Blumenau |
1,962 |
SC |
Apr/1979 |
Dec-42 |
|
SS – Curitiba |
1,344 |
PR |
Oct/1980 |
Dec-42 |
|
SS – Londrina |
1,344 |
PR |
Apr/1988 |
Dec-42 |
|
SS - Santo Ângelo |
1,344 |
RS |
Dec/1999 |
Dec-42 |
|
SS – Biguaçu |
300 |
SC |
Apr/2008 |
Dec-42 |
|
SS – Joinville |
691 |
SC |
Nov/1974 |
Dec-42 |
|
SS – Areia |
672 |
PR |
Aug/1980 |
Dec-42 |
|
SS – Xanxerê |
600 |
SC |
Jun/1983 |
Dec-42 |
|
SS – Itajaí |
525 |
SC |
Jan/2002 |
Dec-42 |
|
SS - Jorge Lacerda "A" |
399.8 |
SC |
Jun/1973 |
Dec-42 |
|
SS – Palhoça |
384 |
SC |
Jan/1984 |
Dec-42 |
|
SS - Canoinhas |
375 |
SC |
Feb/1988 |
Dec-42 |
|
SS – Siderópolis |
352 |
SC |
Apr/1975 |
Dec-42 |
|
SS - Assis * |
336 |
SP |
Mar/1979 |
Dec-42 |
|
SS - Joinville Norte |
300 |
SC |
Jun/2009 |
Dec-42 |
|
SS – Dourados |
300 |
MS |
Nov/1987 |
Dec-42 |
|
SS - Atlântida 2 |
249 |
RS |
May/2007 |
Dec-42 |
|
SS - Caxias 5 * |
215 |
RS |
Jun/2005 |
Dec-42 |
|
SS - Passo Fundo |
168 |
RS |
Nov/1992 |
Dec-42 |
|
SS - Tapera 2 |
166 |
RS |
Mar/2005 |
Dec-42 |
|
SS - Gravataí 3 |
165 |
RS |
Nov/2007 |
Dec-42 |
|
SS – Desterro |
150 |
SC |
Dec/2008 |
Dec-42 |
|
SS – Anastácio |
150 |
MS |
Aug/1994 |
Dec-42 |
|
Uruquaiana Frequency Converter |
109.7 |
RS |
Sep/1994 |
Dec-42 |
|
SS – Ilhota |
100 |
SC |
Dec/1976 |
Dec-42 |
|
SS – Farroupilha |
88 |
RS |
Jun/1973 |
Dec-42 |
|
SS – Charqueadas |
88 |
RS |
Jan/1972 |
Dec-42 |
|
SS – Alegrete |
83 |
RS |
May/1971 |
Dec-42 |
|
SS – Itajaí - Enlargement |
75 |
SC |
Sep/2014 |
Dec-42 |
|
SS – Florianópolis |
75 |
SC |
Dec/1974 |
Dec-42 |
|
SS – Salto Osório |
33.3 |
PR |
Oct/1975 |
Dec-42 |
|
SS – Salto Santiago |
15 |
PR |
Nov/1980 |
Dec-42 |
|
SS – Itararé |
42 |
SC |
May/2013 |
Dec-42 |
|
Total |
21,714.8 |
|
* Transformers installed inthird-part related substations
8.2.SPEs
|
144 |
|
|
8.2.1. Transmission Lines
|
SPE |
From - To |
Participation (%) |
Extension (km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Etau |
TL (Campos Novos (SC) – Barra Grande (SC) – Lagoa Vermelha (RS) – Santa Marta (RS)) |
27.42 |
188 |
230 |
Jul/05 |
Dec/32 |
|
Uirapuru |
TL (Ivaiporã (PR) – Londrina (PR)) |
75.00 |
120 |
525 |
Jul/06 |
Mar/35 |
|
Transmissora Sul Brasileira de Energia – TSBE |
TL 525 KV Salto Santiago – Itá |
80.00 |
188 |
525 |
Feb/14 |
May/42 |
|
TL 525KV Itá – Nova Santa Rita |
307 |
525 |
Aug/14 | |||
|
TL 230KV Nova Santa Rita – Camaquã |
121 |
230 |
Dec/14 | |||
|
TL 230KV Camaquã – Quinta |
167 |
230 |
Dec/14 | |||
|
Costa Oeste |
TL Cascavel Oeste – Umuarama, CS |
49.00 |
144.4 |
230 |
Aug/14 |
Jan/42 |
|
Transmissora Sul Litorânea de Energia - TSLE |
TL Povo Novo – Marmeleiro, CS |
51.00 |
152 |
525 |
Dec/14 |
Aug/42 |
|
TL Marmeleiro – Santa Vitória do Palmar |
48 |
525 |
Dec/14 | |||
|
Norte Brasil Transmissora de Energia S.A.* |
TL Coletora Porto Velho (RO) – Araraquara 2 (SP), em CC |
24.5 |
2,412 |
600 |
Sep/14 |
Feb/39 |
* Development completed in September / 2014 , but its power is awaiting authorization from the ONS that the principle is estimated to April / 2015 , it depends on systemic conditions that will only be met from that date.
8.2.2. Substations
|
SPE |
Substation |
Participation (%) |
Transformation Capacity (MVA) |
Beginning of Operation |
End of Operation |
|
Etau |
SS Lagoa Vermelha 2 230/138KV |
27.42 |
150 |
Jul/05 |
Dec/32 |
|
SS Barra Grande 230/138 KV |
- | ||||
|
Transmissora Sul Brasileira de Energia – TSBE |
EnlargementSS 525 KV Salto Santiago |
80.0 |
- |
Feb/14 |
May/42 |
|
Enlargement SS 525 kV Itá and Enlargement SS 525/230kV Nova Santa Rita |
- |
Aug/14 | |||
|
SS Camaquã 3 230/69Kv |
166 |
Dec/14 | |||
|
Enlargement SS 230 kV Quinta |
- |
Dec/14 | |||
|
Costa Oeste |
SS Umuarama 230/138 kV – 2X150 MVA |
49.0 |
300 |
Jul/14 |
Jan/42 |
|
Transmissora Sul Litorânea de Energia - TSLE |
SS Povo Novo525/230 kV |
51.0 |
672 |
Dec/14 |
Aug/42 |
|
SS Santa Vitória do Palmar 525/138 kV |
75 |
Dec/14 |
9.Transmission losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
1.81 |
1.59 |
1.60 |
1.64 |
1.66 |
|
145 |
|
|
10.Main investments of parent company– R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 |
|
Generation |
1.7 |
18.4 |
4.2 |
186.6 |
210.9 |
267.2 |
|
Installation of Solar Megawatt Project |
0.3 |
2.5 |
0.3 |
0.8 |
3.9 |
3.9 |
|
Electric energy generation maintenance |
0.5 |
4.1 |
0.4 |
2.4 |
7.4 |
19.5 |
|
Hydro Complex Hidreletrico Alto da Serra installation with 37.0 MW and Associateof transmissionsystem in 138 KV, with 54 |
0.9 |
1.2 |
2.7 |
0.7 |
5.5 |
43.8 |
|
Implementation of Wind Power Plant Coxilha Seca (30MW), Capão do Inglês (10MW) and Galpões (8MW) |
- |
10.7 |
0.8 |
182.6 |
194.1 |
200.0 |
|
Transmission |
11.1 |
16.0 |
16.9 |
20.9 |
64.9 |
122.1 |
|
Expansion of South transmission system |
6.2 |
9.3 |
10.0 |
17.5 |
43.0 |
80.7 |
|
Reinforcement and Improvement of Transmuission System in South Region |
0.1 |
0.4 |
0.5 |
0.5 |
1.5 |
4.0 |
|
Brazil-Uruguay-Electric Interconnection (Eletrosul Activities) |
4.7 |
5.7 |
6.2 |
1.9 |
18.5 |
22.2 |
|
Maintenance of electric energy transmission system |
0.0 |
0.6 |
0.2 |
1.0 |
1.8 |
15.2 |
|
Infrastructure |
0.6 |
2.2 |
1.8 |
10.5 |
15.1 |
31.8 |
|
Total |
13.4 |
36.6 |
22.9 |
218.0 |
290.9 |
421.1 |
11.New investments
11.1.Generation
11.1.1.Own assets
|
Unit - Own assets |
Location (State) |
Investment (R$ million) |
Installed capacity (MW) |
Guaranteed energy |
Beginning of Operation |
Beginning of construction |
End of Concession | |
|
Total |
Up to 4Q14 R$ million | |||||||
|
SHU Santo Cristo* |
SC |
227.47 |
16.87 |
19.5 |
10.5 |
- |
- |
Jun/42 |
|
SHU Coxilha Rica** |
SC |
- |
10.08 |
18.0 |
10.1 |
- |
- |
Jun/42 |
|
Cerro Chato – Wind Parks Capão do Inglês, Coxilha Seca and Galpões*** |
RS |
270.00 |
194.1 |
48.0 |
18.7 |
May/15 |
Jul/14 |
Jun/42 |
* In Installation License phase. Top of planned Operation for 22 months after issuance of the Installation License
** Start of construction and indefinite Operation in negative opinion of the function of Historic and Artistic Institute - IPHAN .
***Construction and operation permit granted to SPE Wind Coxilha Seca S/A through ANEEL Auction 009/2013 . Grant Transfer Agreement of Wind Coxilha Seca for Eletrosul on 08/08/2014 , and is therefore transferred the total ownership of Ordinance MME # 192 , 204 and 210. The transfer of the grant awaits approval by ANEEL .
11.1.2.SPE
|
SPE |
Unit |
Location (State) |
Installed capacity (MW) |
Guaranteed energy |
Beginning of Operation |
Beginning of construction |
End of Concession |
|
ESBR Participações S/A* |
HPU Jirau |
RO |
3,750 |
2,184.6 |
Sep/13 |
Dec/09 |
Aug/43 |
|
Teles Pires Participações S.A.** |
HPU Teles Pires |
MT |
1,820 |
915.4 |
Jul/15 |
Aug/11 |
Jun/46 |
|
Eólica –Chuí Holding S/A |
Wind Parks Chuí I to V, (98MW) and Minuano VI and VII (46MW). |
RS |
144 |
59.8 |
Mar/15 |
Feb/14 |
Apr/47 |
|
Eólica –Livramento Holding S/A*** |
Wind Parks Cerro Chato IV, V, VI, Ibirapuitã and Trindade |
RS |
78 |
29.0 |
Nov/13 |
Jan/12 |
Mar/47 |
|
Eólica – Santa Vitória do Palmar S/A**** |
Wind Parks Geribatu from I to X |
RS |
258 |
109.0 |
Feb/15 |
Nov/12 |
Apr/47 |
|
Hermene- gildo I |
Wind Parks Verace 24 to 27 |
RS |
57.3 |
27.4 |
May/15 |
Aug/14 |
Jun/49 |
|
Hermene- gildo II |
Wind Parks Verace 28 to 31 |
RS |
57.3 |
26.6 |
Jun/15 |
Aug/14 |
Jun/49 |
|
Hermene- gildo III |
Wind Parks Verace 34 to 36 |
RS |
48.3 |
22.2 |
Sep/15 |
Aug/14 |
Jun/49 |
|
Chuí IX |
Wind Park Chuí IX |
R$ |
17.9 |
7.8 |
Apr/15 |
Aug/14 |
May/49 |
|
Coxilha Seca**** |
Coxilha Seca, Galpões and Capão do Inglês. |
RS |
48.0 |
18.7 |
May/15 |
Mar/14 |
May/49 |
|
146 |
|
|
11.1.2.1 SPE
|
SPE |
Unit |
Investment (R$ million) |
Working Schedule (%) |
Participation (%) |
Partners | |
|
Total |
Up to 4Q14 | |||||
|
ESBR Participações S/A |
HPU Jirau |
18,969.0 |
18,780.7 |
95.54 |
20.00 |
Suez – 40%. Chesf – 20% and Mitsui – 20% |
|
Teles Pires Participações S.A. |
HPU Teles Pires |
4,512.4 |
4,131.6 |
97.20 |
24.72 |
Neoenergia – 50.6% and Furnas – 24.7% |
|
Wind Park –Chuí Holding S.A. |
Wind Parks of Chuí I to V, (98MW) and Minuano VI and VII (46MW). |
805.6 |
661.31 |
73.40 |
49.00 |
Rio Bravo Investimentos 51% |
|
Wind Park –Livramento Holding S.A. |
Wind Parks Cerro Chato IV, V, VI, Ibirapuitã and Trindade |
490.3 |
349.04 |
93.50 |
52.53 |
Rio Bravo Investimentos - 41% and Fundação Elos – 6.47% |
|
Wind Park – Santa Vitória do Palmar S.A. * |
Wind Parks Geribatu I to X |
1,099.1 |
1,003.14 |
99.50 |
49.00 |
Brave Winds Geradora – 51% |
|
Hermene- gildo I |
Wind Parks Verace 24 to 27 |
287.26 |
109.55 |
19.7 |
99.99 |
Renobrax – 0.01% |
|
Hermenegildo II |
Wind Parks Verace 28 to 31 |
287.26 |
65.76 |
8.0 |
99.99 |
Renobrax – 0.01% |
|
Hermenegildo III |
Wind Parks Verace 34 to 36 |
244.9 |
69.27 |
0.8 |
99.99 |
Renobrax – 0.01% |
|
Chuí IX |
Wind Park Chuí IX |
81.6 |
44.79 |
52.7 |
99.99 |
Renobrax – 0.01% |
*Testing phase: 258 MW
11.2.Transmission
11.2.1.Own assets
11.2.1.1.Transmission lines
|
From - To |
Total of investment (R$ million) |
Invest. up to 4Q14 (R$ million) |
Extension of lines (Km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
PortioningTL JLA – PAL, SS GAROPABA |
7.61 |
0.70 |
5.4 |
138 |
Forecasted Dec/15 |
Dec/42 |
|
PortioningTL JLA – PAL, SS PALHOÇA – PINHEIRA |
5.48 |
3.52 |
3.7 |
138 |
Forecasted Sep/15 |
Dec/42 |
|
Portioning TL Passo Fundo / Monte Claro |
9.29 |
4.98 |
11.0 |
230 |
Forecasted Mar/15 |
Dec/42 |
|
PortioningTL Araquari Hyosung – Joinville GM, SS Joinville SC |
5.13 |
0.20 |
1.0 |
138 |
Forecasted Sep/15 |
Dec/42 |
|
Portioning Porto Primavera - Ivinhema, na SE IVINHEMA 2, double circuit |
3.42 |
0.60 |
3.5 |
138 |
Forecasted Jan/16 |
Jan/44 |
|
Portioning PORTO PRIMAVERA - IVINHEMA, SS NOVA ANDRADINA (Enersul), andImplantation of 2 modulesof line entrance |
12.39 |
0.34 |
11.0 |
138 |
Forecasted Jan/16 |
Dec/42 |
|
Electrical Interligation Brasil – Uruguai – TL Candiota-Melo |
50.78 |
49.01 |
60.0 |
525 |
Nov/14* |
Feb/40 |
|
Electrical InterligationBrasil – Uruguai – TL Presidente Médici-Candiota |
7.59 |
7.54 |
2.8 |
230 |
Nov/14* |
Feb/40 |
|
PortioningTL Blumenau - Palhoça, SS Gaspar 2 |
15.81 |
0.04 |
2.0 |
230 |
Forecasted Sep/16 |
Jan/44 |
|
TL Capivari do Sul-Gravataí, |
46.6 |
- |
83.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Capivari do Sul-Viamão 3 |
99.7 |
- |
65.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Guaíba 3-Capivari do Sul |
205.7 |
- |
178.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Osório 3 - Gravataí 3 |
46.8 |
- |
66.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Porto Alegre 8 - Porto Alegre 1 (underground) |
33.8 |
- |
3.4 |
230 |
Mar/18 |
Nov/44** |
|
TL Porto Alegre 12 - Porto Alegre 1 (underground) |
39.8 |
- |
4.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Livramento 3 - Alegrete 2 |
64.4 |
- |
125.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Livramento 3-Cerro Chato |
4.1 |
- |
10.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Livramento 3 - Santa Maria 3 |
124.3 |
- |
247.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Livramento 3 - Maçambará 3 |
110.2 |
- |
205.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Guaíba 3 - Gravataí |
143.5 |
- |
127.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Guaíba 2-Guaíba 3 C1 and C2 |
29.0 |
- |
38.0 |
230 |
Mar/18 |
Nov/44** |
|
TL Guaíba 3 Candiota CD |
445.7 |
- |
279.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Guaíba 3 – Povo Novo C2 |
248.6 |
- |
245.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Marmeleiro 2 – Santa Vitória do Palmar 2 |
56.9 |
- |
48.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Povo Novo – Marmeleiro 2 |
168.9 |
- |
152.0 |
525 |
Mar/18 |
Nov/44** |
|
TL Nova Santa Rita-Guaíba 3 C2 |
56.3 |
- |
40.0 |
525 |
Mar/18 |
Nov/44** |
|
Portioning Osório 2 - Lagoa dos Barros em Osório 3 |
2.1 |
- |
4 |
230 |
Mar/18 |
Nov/44** |
|
PortioningTL Passo Fundo - Nova Prata 2 C1 and C2 em Vila Maria |
2.6 |
- |
1.0 |
230 |
Mar/18 |
Nov/44** |
|
Portioning Santo Ângelo - Maçambará |
2.8 |
- |
3.3 |
230 |
Mar/18 |
Nov/44** |
|
Portioning. Bajé – Pres. Médici SS CTA |
3.9 |
- |
- |
230 |
Mar/18 |
Nov/44** |
|
Portioning TL Nova Santa Rita – Povo Novo in Guaíba 3 |
11.8 |
- |
- |
525 |
Mar/18 |
Nov/44** |
|
147 |
|
|
11.2.1.2.Substations
|
SS |
Investment (R$ million) |
Up to 4Q14 (R$ million) |
Transformation Capacity |
Location |
Beginning of Operation |
End of Concession |
|
SS Garopaba –Implementation of 2 EL modules |
6.23 |
0.62 |
0.00 |
SC |
Forecasted Dec/15 |
Dec/42 |
|
SS Palhoça Pinheira Implementation of 2 EL modules |
5.20 |
3.22 |
0.00 |
SC |
Forecasted Sep/15 |
Dec/42 |
|
SS Nova Prata 2 Implementation of 2 EL modules |
9.31 |
5.55 |
0.00 |
RS |
Forecasted Mar/15 |
Dec/42 |
|
SS Joinville Norte –Enlargement and Installation of 2 capacitors 230kV – 2x100MVA |
12.31 |
7.04 |
200 |
SC |
Forecasted Feb/15 |
Dec/42 |
|
SS – Foz do Chapecó Enlargement of 3rd generator / 230/138kV |
11.79 |
6.53 |
100 |
RS |
Forecasted May/15 |
Jun/44 |
|
SS Alegrete–Generator transfer /69/13.8/13.8kV |
7.56 |
6.10 |
17 |
RS |
Nov/14* |
Dec/42 |
|
SS Joinville SC – Implementation of two modules of line entrance |
3.55 |
0.15 |
0.00 |
SC |
Forecasted Sep/15 |
Dec/42 |
|
SS Ivinhema 2 (enlargement / 230/138 kV) |
24.90 |
2.78 |
300 |
MS |
Forecasted Jan/16 |
Jan/44 |
|
SS Siderópolis – enlargement K – – Implementation of two modules of line entrance 69 KV |
1.53 |
0.06 |
0.00 |
SC |
Forecasted Dec/15 |
Dec/42 |
|
SS Foz do Chapecó – enlargement D – – Implementation of one modules of line entrance 138 KV |
1.69 |
0.33 |
0.00 |
RS |
Forecasted Dec/15 |
Jun/44 |
|
SS Biguaçu – Enlargement “G” – 230/138/13.8 KV |
14.68 |
0.14 |
150 |
SC |
Forecasted Apr/16 |
Dec/42 |
|
SS Biguaçu - Enlargement "J" |
46.91 |
0.13 |
672 |
SC |
Sep/16 |
Mar/35 |
|
SS Canoinhas - Enlargement "G" |
7.24 |
0.11 |
50 |
SC |
Sep/16 |
Dec/42 |
|
SS Desterro - Enlargement "A" |
11.92 |
0.31 |
150 |
SC |
Sep/16 |
Dec/42 |
|
SS Joinville Norte - Enlargement "E" |
13.23 |
0.11 |
150 |
SC |
Sep/16 |
Dec/42 |
|
SS LAJEADO GRANDE II –Installation of the 2nd self -transformer 230/138 kV - 75 MVA andconnections 230kV and 138kV. |
12.26 |
0.02 |
75 |
SC |
Nov/16 |
Oct/40 |
|
SSs Reinforcements: Gravataí, Gravataí 2, Salto Osório, Curitiba, Areia |
3.40 |
2.31 |
0.00 |
PR |
Jun/15 |
Dec/42 |
|
SS Canoinhas - Enlargement "F" |
7.93 |
- |
150 |
SC |
Jan/18 |
Dec/42 |
|
SSs Reinforcement: Farroupilha, Florianópolis, Ilhota, Palhoça, Areia |
1.47 |
0.05 |
0.00 |
RS and SC |
2016 |
Dec/42 |
|
SS Viamão 3 EL 230 |
6.1 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS 525/230/138 kV Capivari do Sul 525/230 (3+1)x 224 MVA e 230/138 kV 2x100 MVA |
188.6 |
- |
1,096 |
RS |
Mar/18 |
Nov/44** |
|
SS Gravataí EL 525 |
14 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Guaíba 3 EL 525 |
16.9 |
- |
- |
|
Mar/18 |
Nov/44** |
|
SS 230 kV Vila Maria – 2xATF 230/138 kV |
41.9 |
- |
150 |
RS |
Mar/18 |
Nov/44** |
|
SS Gravataí 3 EL 230 OSO3 |
3.9 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS 230 kV Osório 3 – nova |
17.5 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS 230 kV Porto Alegre 1 (isolated to SF6 – new) – 230/69 kV |
76.7 |
- |
166 |
RS |
Mar/18 |
Nov/44** |
|
SS Porto Alegre 12 EL 230 |
5.4 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Porto Alegre 8 EL 230 |
3.3 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Alegrete 2 EL 230 LVE3 |
4.1 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Cerro Chato EL 230 LVE3 |
2.8 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Livramento 2 Adequation SA |
0.1 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS 230 kV Livramento 3 - compensator (-100/+100) MVAr |
130.4 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS 230 kV Maçambará 3 |
28.3 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Santa Maria 3 EL 230 LVE3 |
10.4 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Guaíba 2 2EL GUA3 |
6.4 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS 525/230 kV Candiota 2 – with ATR transformator and bar reactors 525 kV (6+1 res) x 224 MVA – (3+1 res) x50 MVAr |
127.8 |
- |
1,768 |
RS |
Mar/18 |
Nov/44** |
|
SS 525 kV/230 kV Guaíba 3 ATR (6+1) x 224 MVA |
261.8 |
- |
1,568 |
RS |
Mar/18 |
Nov/44** |
|
SS Gravataí EL 525 GUA3 |
9.4 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Marmeleiro 2 2EL 525 SPA2 PNO |
49.8 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Nova Santa Rita EL 525 GUA3 |
10.5 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Povo Novo 2EL 525 GUA3 MRO2 |
50.6 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
SS Sta Vitória do Palmar 2EL 525 MRO2 |
22.7 |
- |
- |
RS |
Mar/18 |
Nov/44** |
|
148 |
|
|
11.2.2.SPEs
11.2.2.1.Transmission lines
|
SPE |
From - To |
Participation % |
Total of investment R$ million |
Invest. up to 4Q14 R$ million |
Extension of lines - Km |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Marumbi Transmissora de Energia S/A |
TL 525 KV Curitia / Curitiba Leste (PR) |
20 |
60.47 |
51.18 |
28 |
525 |
Mar/15 |
May/42 |
|
Transmissora Sul Litorânea de Energia S/A |
TL Nova santa Rita – Povo Novo, CS |
51 |
265.53 |
235.70 |
268 |
525 |
Mar/15 |
Aug/42 |
|
Fronteira Oeste Transmissora de Energia S.A.* |
TL Santo Ângelo/Maçambará, in 230 Kv TL Pinhalzinho/Foz do Chapecó, simgle circuit, C1 and C2 PortioningTL 138KV Alegrete 1 – Santa Maria 1 |
51 |
95.87 |
8.35 |
205 |
230 |
Apr/16 |
Jan/44 |
|
40 |
230 |
Feb/16 | ||||||
|
2 |
230 |
Jul/15 | ||||||
|
Paraíso Transmissora de Energia S/A** |
TL Paraíso 2-Chapadão C2 |
24.5 |
137.4 |
- |
65 |
230 |
Sep/17 |
Nov/44 |
|
TL Campo Grande 2-Paraíso 2 C2 |
200 |
230 |
Mar/18 | |||||
|
Portioning TL Campo Grande 2 – Chapadão - Paraíso 2 |
- |
230 |
Sep/17 |
|
149 |
|
|
11.2.2.2. Substations
|
SPE |
SS |
Participation (%) |
Investiment (R$ million) |
Transformation capacity (MVA) |
Location (State) |
Beginning of Operation |
End of Concession |
|
Marumbi Transmissora de Energia S/A |
SS Curitiba Leste1 banco 3x224MVA 525/230kV |
20 |
56.79 |
672 |
PR |
Mar/15 |
May/42 |
|
Transmissora Sul Litorânea de Energia S.A. |
SS Marmeleiro 2 525 kV / Compensator ±200 Mvar |
51 |
211.16 |
- |
RS |
Jan/15 |
Aug/42 |
|
EnlargementSS Nova Santa Rita 525KV |
19.86 |
- |
RS |
Mar/15 |
Aug/42 | ||
|
Fronteira Oeste Transmissora de Energia S.A. * |
SS Pinhalzinho, em 230/138 kV (ATF1), SS Pinhalzinho, in 230/138 kV (ATF 2 and ATF3) and enlargement SS Maçarambá, Foz do Chapecó and Santo Angelo |
51 |
58.69 |
450 |
RS |
Feb/16 |
Jan/44 |
|
Enargement ofSS Santa Maria 3, 230/138 kV |
23.75 |
166 |
RS |
Jul/15 |
Jan/44 | ||
|
Paraíso Transmissora de Energia S/A** |
SS Campo Grande 2 EL 230 PAR2 |
|
60.1 |
- |
RS |
Mar/18 |
Jan/44 |
|
SS Chapadão EL PAR2 |
24.5 |
- |
RS |
Mar/18 | |||
|
SS 230/138 kV Paraíso 2 |
|
300 |
RS |
Sep/17 |
* The expansion of SEs Maçambará and Sant'Angelo and the SE Pinhalzinho , are scheduled for Apr / 16.
** Part E" ANEEL Auction 004/2014 , with the winner the Consortium , formed by Eletrosul , Elecnor and Copel. SPE in constitution.
|
150 |
|
|
12.Loans and financing – R$ million
Local currency – LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
BNDES/BRDE |
22.7 |
21.4 |
20.8 |
20.1 |
May/2019 |
TJLP + 4.5% p.y. |
|
BNDES |
1,116.9 |
1,094.3 |
1,073.8 |
1,053.4 |
Until Aug/2028 |
Currency Basket + 4% p.y. |
|
BNDES/Banco do Brasil |
377.2 |
365.7 |
354.8 |
343.7 |
Until Jan/2028 |
TJLP + 2.65% p.y. |
|
Banco do Brasil |
251.1 |
251.1 |
251.3 |
251.4 |
Nov/2023 |
115% of CDI |
|
Eletrobras |
1,114.3 |
1,117.0 |
1,131.4 |
1,716.6 |
Until Mar/2030 |
RGR/IPCA + 7% py/Interest rate + 0.5% p.y. |
|
Finep |
- |
- |
- |
3.6 |
Oct/2021 |
TJLP + 2.00% p.y. |
Foreign currency – FC
|
Credor |
Balance 03.31.13 |
Balance 06.30.13 |
Balance 09.30.13 |
Balance 12.31.13 |
Due Date |
Currency |
|
Eletrobras |
186.1 |
178.6 |
184.7 |
191.2 |
Until Dec/2042 |
Euros |
13.Contracts
13.1.Loans and financing
13.1.1.Parent company – R$ million
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
284.2 |
306.0 |
405.0 |
404.6 |
379.2 |
349.8 |
1,451.0 |
3,579.8 |
|
Generation |
133.5 |
146.9 |
194.4 |
194.2 |
182.0 |
167.9 |
696.5 |
1,715.4 |
|
Transmission |
150.7 |
159.1 |
210.6 |
210.4 |
197.2 |
181.9 |
754.5 |
1,864.4 |
|
By creditor |
284.2 |
306.0 |
405.0 |
404.6 |
379.2 |
349.8 |
1,451.0 |
3,579.8 |
|
Eletrobras |
100.0 |
122.1 |
220.5 |
224.6 |
220.2 |
209.9 |
822.2 |
1,819.5 |
|
Others |
184.2 |
183.9 |
184.5 |
180.0 |
159.0 |
139.9 |
628.8 |
1,476.1 |
13.1.2.SPE – R$ million
Uirapuru Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
6.1 |
6.0 |
6.0 |
6.0 |
1.5 |
- |
- |
|
Generation |
- |
- | |||||
|
Transmission |
6.1 |
6.0 |
6.0 |
6.0 |
1.5 |
- |
- |
|
By creditor |
6.1 |
6.0 |
6.0 |
6.0 |
1.5 |
- |
- |
|
BRDE |
6.1 |
6.0 |
6.0 |
6.0 |
1.5 |
- |
- |
Transmissora Sul Litorânea de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
476.5 |
- |
- |
- |
- |
- |
- |
|
Generation |
- |
- |
- |
- |
- |
- | |
|
Transmission |
476.5 |
- |
- |
- |
- |
- |
- |
|
By creditor |
476.5 |
- |
- |
- |
- |
- |
- |
|
Santander |
127.1 |
- |
- |
- |
- |
- |
- |
|
Banco ABC Brasil |
137.6 |
- |
- |
- |
- |
- |
- |
|
Banrisul |
211.8 |
- |
- |
- |
- |
- |
- |
|
151 |
|
|
Transmissora Sul Brasileira de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
141.1 |
|
Generation |
| ||||||
|
Transmission |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
141.1 |
|
By creditor |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
141.1 |
|
BNDES |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
20.8 |
141.1 |
Teles Pires Participações
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After2020 |
|
By activity |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2.497.772 |
|
Generation |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2.497.772 |
|
Transmission |
| ||||||
|
By creditor |
47.318 |
154.443 |
166.451 |
167.296 |
176.584 |
176.584 |
2.497.772 |
|
BNDES |
22.999 |
106.040 |
118.048 |
118.893 |
128.181 |
128.181 |
1.941.271 |
|
Bonds |
24.319 |
48.403 |
48.403 |
48.403 |
48.403 |
48.403 |
556.501 |
Santa Vitória do Palmar Holding S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
16.1 |
38.8 |
38.8 |
39.7 |
38.8 |
38.8 |
502.9 |
|
Generation |
16.1 |
38.8 |
38.8 |
39.7 |
38.8 |
38.8 |
502.9 |
|
Transmission |
| ||||||
|
By creditor |
16.1 |
38.8 |
38.8 |
39.7 |
38.8 |
38.8 |
502.9 |
|
BNDES |
10.7 |
25.8 |
25.8 |
25.8 |
25.8 |
25.8 |
273.0 |
|
BRDE |
5.4 |
13.0 |
13.0 |
13.0 |
13.0 |
13.0 |
137.1 |
|
Bonds |
0.9 |
92.8 |
Norte Brasil Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
74.396 |
72.020 |
70.585 |
72.190 |
80.902 |
87.780 |
820.248 |
|
Generation |
| ||||||
|
Transmission |
74.396 |
72.020 |
70.585 |
72.190 |
80.902 |
87.780 |
820.248 |
|
By creditor |
74.396 |
72.020 |
70.585 |
72.190 |
80.902 |
87.780 |
820.248 |
|
BNDES |
72.114 |
70.020 |
70.020 |
70.020 |
70.020 |
70.020 |
631.256 |
|
Bonds |
2.282 |
- |
565 |
2.170 |
10.882 |
17.760 |
188.992 |
Marumbi Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
2.5 |
5.0 |
4.8 |
4.6 |
4.4 |
4.3 |
9.2 |
|
Generation |
| ||||||
|
Transmission |
2.5 |
5.0 |
4.8 |
4.6 |
4.4 |
4.3 |
9.2 |
|
By creditor |
2.5 |
5.0 |
4.8 |
4.6 |
4.4 |
4.3 |
9.2 |
|
BNDES |
2.5 |
5.0 |
4.8 |
4.6 |
4.4 |
4.3 |
9.2 |
Livramento Holding S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
10.7 |
10.2 |
10.2 |
10.2 |
10.2 |
10.2 |
97.2 |
|
Generation |
10.7 |
10.2 |
10.2 |
10.2 |
10.2 |
10.2 |
97.2 |
|
Transmission |
| ||||||
|
By creditor |
10.7 |
10.2 |
10.2 |
10.2 |
10.2 |
10.2 |
97.2 |
|
BNDES |
10.7 |
10.2 |
10.2 |
10.2 |
10.2 |
10.2 |
97.2 |
|
152 |
|
|
Empresa de Transmissão do Alto Uruguai S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
7.4 |
7.2 |
7.2 |
0.6 |
9.9 |
| |
|
Generation |
| ||||||
|
Transmission |
7.4 |
7.2 |
7.2 |
0.6 |
9.9 |
| |
|
By creditor |
7.4 |
7.2 |
7.2 |
0.6 |
9.9 |
| |
|
BNDES |
7.3 |
7.2 |
7.2 |
0.6 |
| ||
|
BNPP (Bonds) |
9.9 |
|
ESBR Participações S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
7,985.3 |
|
Generation |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
7,985.3 |
|
Transmission |
|
||||||
|
Energy Trading |
|
||||||
|
By creditor |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
570.4 |
7,985.3 |
|
BNDES |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
3,975.6 |
|
Banco do Brasil |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
1,130.7 |
|
CEF |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
80.8 |
1,130.7 |
|
Bradesco |
58.2 |
58.2 |
58.2 |
58.2 |
58.2 |
58.2 |
814.1 |
|
Banco Itaú BBA |
54.5 |
54.5 |
54.5 |
54.5 |
54.5 |
54.5 |
763.2 |
|
BNB |
12.2 |
12.2 |
12.2 |
12.2 |
12.2 |
12.2 |
171.0 |
Chuí Holding S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
103.6 |
| |||||
|
Generation |
103.6 |
| |||||
|
Transmission |
| ||||||
|
By creditor |
103.6 |
| |||||
|
Banco ABC Brasil S.A – SPEs |
51.8 |
| |||||
|
Banrisul |
51.8 |
|
Costa Oeste Transmissora de Energia S.A.
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
4.7 |
4.6 |
4.4 |
4.2 |
4.1 |
3.9 |
9.6 |
|
Generation |
| ||||||
|
Transmission |
4.7 |
4.6 |
4.4 |
4.2 |
4.1 |
3.9 |
9.6 |
|
By creditor |
4.7 |
4.6 |
4.4 |
4.2 |
4.1 |
3.9 |
9.6 |
|
BNDES |
4.7 |
4.6 |
4.4 |
4.2 |
4.1 |
3.9 |
9.6 |
Fronteira Oeste Transmissora de Energia
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
- |
- |
- |
- |
- |
- |
- |
|
Generation |
- |
- |
- |
- |
- |
- |
- |
|
Transmission |
- |
- |
- |
- |
- |
- |
- |
|
By creditor |
- |
- |
- |
- |
- |
- |
- |
|
BNDES |
- |
- |
- |
- |
- |
- |
- |
* There is no loan and financing on 12.31.14
|
153 |
|
|
Chuí IX
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
25.634 |
| |||||
|
Generation |
25.634 |
| |||||
|
Transmission |
| ||||||
|
By creditor |
25.634 |
| |||||
|
Bonds |
25.634 |
|
Hermenegildo I
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
81.105 |
| |||||
|
Generation |
81.105 |
| |||||
|
Transmission |
| ||||||
|
By creditor |
81.105 |
| |||||
|
Bonds |
81.105 |
|
Hermenegildo II
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
81.105 |
| |||||
|
Generation |
81.105 |
| |||||
|
Transmission |
| ||||||
|
By creditor |
81.105 |
| |||||
|
Bonds |
81.105 |
|
Hermenegildo III
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
By activity |
68.493 |
| |||||
|
Generation |
68.493 |
| |||||
|
Transmission |
| ||||||
|
By creditor |
68.493 |
| |||||
|
Bonds |
68.493 |
|
14.Number of employees
14.1.By tenure
Generation
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
42 |
39 |
36 |
38 |
|
6 to 10 |
35 |
41 |
46 |
46 |
|
11 to 15 |
05 |
05 |
05 |
6 |
|
16 to 20 |
01 |
02 |
02 |
2 |
|
21 to 25 |
09 |
10 |
10 |
10 |
|
beyond 25 |
01 |
01 |
01 |
1 |
|
Total |
93 |
98 |
100 |
103 |
|
154 |
|
|
Transmission
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
82 |
79 |
70 |
70 |
|
6 to 10 |
202 |
200 |
204 |
202 |
|
11 to 15 |
133 |
115 |
114 |
115 |
|
16 to 20 |
37 |
58 |
62 |
61 |
|
21 to 25 |
154 |
152 |
151 |
145 |
|
beyond 25 |
86 |
86 |
87 |
85 |
|
Total |
694 |
690 |
688 |
678 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
168 |
155 |
141 |
139 |
|
6 to 10 |
126 |
135 |
148 |
147 |
|
11 to 15 |
61 |
51 |
50 |
51 |
|
16 to 20 |
2 |
14 |
15 |
15 |
|
21 to 25 |
133 |
134 |
135 |
130 |
|
beyond 25 |
61 |
61 |
60 |
55 |
|
Total |
551 |
550 |
549 |
537 |
14.2.By region
|
State |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Santa Catarina |
994 |
994 |
995 |
983 |
|
Rio Grande do Sul |
129 |
132 |
133 |
131 |
|
Paraná |
144 |
143 |
142 |
138 |
|
Mato Grosso do Sul |
49 |
47 |
45 |
44 |
|
Rondônia |
22 |
22 |
22 |
22 |
14.3.By departments
|
Departments |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Field |
787 |
788 |
788 |
781 |
|
Administrative |
551 |
550 |
549 |
537 |
15.Complementary work force - N/A
16.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.04 |
0.00 |
0.18 |
0.71 |
0.93 |
|
155 |
Balance Sheet
(R$ thousands)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
Availabilities |
25,717 |
17,103 |
|
Clients (Consumers and Resellers) |
98,614 |
72,854 |
|
Financing and Loans |
- |
- |
|
Marketable Securities |
- |
- |
|
Dividends to receive (Remuneration from equity participation) |
- |
- |
|
Fiscal Assets diferred (taxes and contributions) |
3,860 |
26,720 |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Right |
62,346 |
- |
|
Stored Materials |
53,134 |
113,942 |
|
Financial Asset |
- |
- |
|
Receivables – 12,783/13 law |
- |
- |
|
Others |
1,312 |
42,755 |
|
Current Assets Total |
244,983 |
273,374 |
|
|
|
|
|
Non-Current Assets |
|
|
|
Clients (Consumers and Resellers) |
- |
- |
|
Financing and Loans |
- |
- |
|
Marketable Securities |
- |
- |
|
Fiscal Assets diferred (taxes and contributions) |
27,834 |
19,741 |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Right – CCC (12,111 law) |
- |
- |
|
Linked deposits |
6,653 |
11,954 |
|
Financial Asset |
- |
- |
|
Receivables – 12,783/13 law |
- |
- |
|
Others |
105,778 |
- |
|
Advance to equity participation |
- |
- |
|
|
140,265 |
31,695 |
|
INESTMENTS |
- |
- |
|
FIXED ASSETS |
1,571,944 |
1,570,907 |
|
INTANGIBLES |
2,314 |
1,720 |
|
|
|
|
|
Non-Current Assets Total |
1,714,523 |
1,604,322 |
|
Assets Total |
1,959,506 |
1,877,696 |
|
156 |
|
|
|
Liabilities and Stockholders’ Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Suppliers |
264,375 |
208,185 |
|
Loans and financing |
224,318 |
271,350 |
|
Taxes and social contributions |
14,123 |
9,098 |
|
Income tax and Social Contribution |
- |
- |
|
Advance from clients (Advance sell of energy) |
- |
- |
|
Remuneration to shareholders (dividends to pay) |
66,195 |
59,687 |
|
Estimated Obligations |
14,823 |
20,442 |
|
Provisions for Contingencies |
32,082 |
23,654 |
|
Post-employment Benefit (Complementary Pension Fund) |
- |
3,346 |
|
Onerous Contracts |
- |
- |
|
Concessions to pay - UBP |
- |
- |
|
Sectorial Charges (regulatory taxes) |
1,863 |
12,308 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
19,486 |
24,889 |
|
|
637,265 |
632,959 |
|
Non-Current Liabilities |
|
|
|
Suppliers |
21,284 |
- |
|
Loans and financing |
1,830,496 |
1,304,622 |
|
Taxes and social contributions |
- |
- |
|
Income tax and Social Contribution |
- |
- |
|
Derivatives |
- |
- |
|
Advance from clients (Advance sell of energy) |
- |
- |
|
Estimated Obligations |
1,611 |
5,042 |
|
Provisions for Contingencies |
- |
- |
|
Provision for Onerous Contracts |
- |
- |
|
Post-employment Benefit (Complementary Pension Fund) |
3,511 |
26,583 |
|
Leasing |
- |
- |
|
Sectorial Charges (regulatory taxes) |
- |
- |
|
Advance for future capital increase |
18,391 |
6,218 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
- |
- |
|
|
1,875,293 |
1,342,465 |
|
Stockholders’ Equity |
|
|
|
Social Capital |
845,510 |
845,510 |
|
Capital reserve |
- |
- |
|
Profit Reserve |
2,596 |
2,596 |
|
Additional proposed Dividend |
- |
- |
|
Accrued income (losses) |
-1,369,341 |
-889,229 |
|
Other comprehensive income |
-31,817 |
-56,605 |
|
Non-controlling shareholders participation |
- |
- |
|
Stockholders’ Equity Total |
-553,052 |
-97,728 |
|
Total Liabilities and Stockholders’ Equity |
1,959,506 |
1,877,696 |
|
157 |
|
|
Statement of Income
(R$ thousands)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenue |
|
|
|
Supply for Distributors |
513,741 |
334,524 |
|
Supply |
- |
- |
|
Short term Electric Energy |
- |
- |
|
Other Operating Revenue |
3,582 |
3,624 |
|
Deductions to Revenue |
-43,169 |
-39,794 |
|
Net Operating Revenue |
474,154 |
298,354 |
|
|
|
|
|
Operational Costs |
|
|
|
Electric Energy purchased for resale |
-311,114 |
-186,395 |
|
Charges on the use of electric grid |
-32,074 |
-26,237 |
|
Fuel for production of electric Energy - CCC |
-52,464 |
-9,658 |
|
Construction Cost |
- |
- |
|
|
|
|
|
Operating Expenses |
|
|
|
Personnel, material and third party services |
-276,603 |
-289,746 |
|
Remuneration and Reimbursement |
- |
- |
|
Depreciation and amortization |
-74,106 |
-70,971 |
|
Donations and Contributions |
- |
- |
|
Provisions |
78,179 |
-82,703 |
|
Others |
-22,098 |
-13,826 |
|
Operating Costs and Expenses |
-690,280 |
-679,536 |
|
|
|
|
|
Operating Result before Financial Result |
-216,126 |
-381,182 |
|
|
|
|
|
Financial Result |
-263,987 |
-90,861 |
|
Result before Income tax and Social Contribution |
-480,113 |
-472,043 |
|
|
|
|
|
Current Income tax and Social Contribution |
- |
- |
|
Diferred Income tax and Social Contribution |
- |
- |
|
Net income for the period |
-480,113 |
-472,043 |
|
158 |
|
|
Cash Flow
(R$ thousands)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
Operating Activities |
||
|
Income before income tax, social contribution |
-480,109 |
-472,043 |
|
Depreciation and amortization |
78,181 |
76,188 |
|
Amortization of Intangible assets – Distribution / Transmission |
0 |
0 |
|
Monetary / Exchange net variation |
16,129 |
-14,990 |
|
Financial Charges |
175,517 |
47,852 |
|
Equity method result |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of questionable liquidation |
0 |
0 |
|
Provision for contingencies |
8,428 |
2,558 |
|
Provision for realignment of staff plan |
0 |
0 |
|
Provision for impairment |
-87,294 |
74,012 |
|
Provision for onerous contract |
0 |
0 |
|
Provision for losses of financial asset |
0 |
0 |
|
Charges of reversal global reserve |
0 |
0 |
|
Adjustment to present value / market value |
0 |
0 |
|
Minority participation in the result |
0 |
0 |
|
Charges on shareholders funds |
6,508 |
4,535 |
|
Revenue of Financial Asset by IRR |
0 |
0 |
|
Derivatives |
0 |
0 |
|
Others |
50,355 |
-3,394 |
|
Increase/Decrease in operating assets/liabilities |
-36,769 |
-48,192 |
|
Cash from operating activities |
-269,054 |
-333,474 |
|
|
||
|
Payment of financing charges |
-55,720 |
-35,130 |
|
Payment of charges of reversal global reserve |
0 |
0 |
|
Financial charges receiving |
0 |
0 |
|
Receiving of investment remuneration on equity participation |
0 |
0 |
|
Receiving of annual allowed revenue (financial asset) |
0 |
0 |
|
Receiving of indemnities of financial asset |
0 |
0 |
|
Payment of income tax and Social Contribution |
0 |
0 |
|
Payment of complementary pension fund |
0 |
0 |
|
Payment of lawsuit contingencies |
0 |
0 |
|
Lawsuits deposits |
5,301 |
-1,027 |
|
Net cash from operating activities |
-319,473 |
-369,631 |
|
|
||
|
Financing Activities |
||
|
Loans and Financing obtained |
989,875 |
473,238 |
|
Payment of loans and Financing - Principal |
-631,072 |
-110,563 |
|
Payment to shareholders |
0 |
0 |
|
Payment of refinancing of taxes and social contributions - principal |
0 |
0 |
|
Receiving of future capital increase |
13,794 |
60,395 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
372,597 |
423,070 |
|
|
||
|
Investment Activities |
||
|
Fixed Asset Acquisition |
-43,500 |
-62,957 |
|
Intangible Asset Acquisition |
-1,010 |
-174 |
|
Concession Asset Acquisition |
0 |
0 |
|
Concession of cash in advance for future capital Increase |
0 |
0 |
|
Acquisition/Contribution of Capital in equity participation |
0 |
0 |
|
Others |
0 |
0 |
|
Net cash from Investment Activities |
-44,510 |
-63,131 |
|
|
||
|
Increase (decrease) in cash and cash equivalent |
8,614 |
-9,692 |
|
|
||
|
Cash and cash equivalent – beginning of period - 12/31/13 |
17,103 |
26,795 |
|
Cash and cash equivalent – end of period – 12/31/14 |
25,717 |
17,103 |
|
|
8,614 |
-9,692 |
|
159 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a net profit 113.6% lower than reported in the previous quarter, from a net loss of R$ 65.1 million in 3Q14, to a net loss of R$ 139.2 million in 4Q14, mainly due to factors described below.
Operating Revenue
The electric energy supply increased by 120.3%, from R$ 105.7 million in 3Q14 to R$ 232.9 million in 4Q14, mainly due to register of revenues in previous quarters of Candiota III plant.
Operating Expenses
The electric energy purchased for resale increased by 1,316.5%, from R$ 12.2 million in 3Q14 to R$ 172.9 million in 4Q14, mainly due to the increase of energy purchased from third parties.
The fuel for electric energy production, net of the CCC fund reimbursement, increased by 1,978.3%, from R$ 2.2 million in 3Q14 to R$ 44.9 million in 4Q14, mainly due to transfers to reduce CCC funding.
The personnel expenses, materials and third-part related services decreased by 24.8%, from R$ 71.8 million in 3Q14 to R$ 54 million in 4Q14, mainly due to the reduction of personnel expenses.
The operational provisions decreased by 15,011.4% from a provision of R$ 0.5 million in 3Q14 to a reversal of R$ 78.7 million in 4Q14, mainly due to the reversal of impairment of Candiota Stage B.
Financial Result
The debt charges increased by 42%, from R$ 53.3 million in 3Q14 to R$ 75.6 million in 4Q14, mainly due to the increase in charges arising from borrowings from Eletrobras.
The net exchange variations decreased by 397.6%, from a revenue of R$ 13.2 million in 3Q14 to an expense of R$ 39.3 million in 4Q14, mainly due to the devaluation of the Real, which affected the import of equipment balances.
|
160 |
|
|
Market Data
1. Generation Assets and Energy generated
|
Unit |
Installed Capacity (MW) |
Guaranteed Energy (MW Average) |
Energy Generated (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
P. Médici (Candiota) |
446 |
251,500 |
111,708.68 |
109,236.18 |
122,418.14 |
166,757.12 |
510,120.12 |
|
Candiota III – Fase C |
350 |
303,500 |
449,521.64 |
575,398.52 |
542,829.85 |
385,068.83 |
1,952,818.84 |
|
S. Jerônimo (Candiota) |
20 |
12,600 |
- |
- |
- |
- |
- |
|
Nutepa (Candiota) |
24 |
6,100 |
- |
- |
- |
- |
- |
|
Total |
840 |
573,7 |
561,230.32 |
684,634.70 |
665,247.99 |
551,825.95 |
2,462,938.96 |
|
Unit |
Location (State) |
Beginning of Operation |
End of Operation |
|
P. Médici (Candiota) |
RS |
Jan/74 |
Jul/15 |
|
Candiota III – Fase C |
RS |
Jan/11 |
Jul/41 |
|
S. Jerônimo (Candiota) |
RS |
Apr/53 |
Jul/15 |
|
Nutepa (Candiota) |
RS |
Feb/68 |
Jul/15 |
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
81,840,000 |
359,640,000 |
298,080,000 |
297,945,000 |
1,037,505,000 |
|
R$ million |
14.700 |
64.690 |
47.773 |
47.852 |
175.015 | |
|
Others |
MWh |
- |
- |
- |
- |
- |
|
R$ million |
- |
- |
- |
- |
- | |
|
Total |
MWh |
81,840,000 |
359,640,000 |
298,080,000 |
297,945,000 |
1,037,505,000 |
|
R$ million |
14.700 |
64.690 |
47.773 |
47.852 |
175.015 |
3. Energy sold
|
Buyer |
Sale model |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | ||
|
Eletrobras System |
A 1ºLEN A 2ºLEE A 4ºLEE |
120.943 28.82 10.42 |
639,436.16 229,561.42 77,009.02 |
123.457 26.017 9.114 |
639,478,838 202,989,578 66,306,220 |
126.386 27.932 9.698 |
644,736,000 213,081,329 68,637,344 |
128.249 29.485 10.317 |
664,736,000 221,427,56 71,752,18 |
499.035 112.254 39.549 |
2,588,387.00 867,059.89 283,704.76 |
|
B |
- |
- |
- |
- |
- |
- |
|
|
|
| |
|
Others |
A |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
B |
- |
- |
- |
- |
- |
- |
|
|
|
| |
|
Total |
A |
160.183 |
946,007 |
158.588 |
908,775 |
164.016 |
926,455 |
168.051 |
957,916 |
650.838 |
3,739,151 |
|
B |
- |
- |
- |
- |
- |
- |
- |
|
|
| |
A - Through auction
B - Through free market agreements or bilateral contracts
|
161 |
|
|
4. CCEE settlement (Spot and MRE)
|
|
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Net |
R$ million |
93.527 |
61.647 |
78.551 |
103.448 |
150.119 |
|
MWh |
141,119,012 |
174,736,111 |
101,250,793 |
134,738,006 |
269,605,898 | |
|
MWaverage |
64,704 |
80,007 |
45,856 |
61,023 |
30.777 |
5. Fuel used to produce electricity
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million | ||
|
Coal |
T |
614,886 |
38 |
657,706 |
39 |
617.907 |
36 |
521,221 |
48 |
2,346,210 |
161 |
|
Fuel oil |
Kg |
3,740,690 |
11 |
9,899,120 |
16 |
9,026.120 |
14 |
7,339,550 |
10 |
33,828,970 |
51 |
|
Diesel Oil |
L |
10,000 |
- |
20,000 |
- |
12.600 |
- |
4,300 |
- |
54,400 |
- |
|
Total |
|
|
49 |
|
55 |
|
50 |
|
58 |
|
212 |
6. Losses in generation - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |
|
P. Médici (Candiota) |
25.82 |
28.47 |
25.65 |
20.35 |
23.73 |
|
Candiota III – Fase C |
12.08 |
11.47 |
11.43 |
12.20 |
11.72 |
|
S. Jerônimo |
100 |
100 |
100 |
100 |
100 |
|
Nutepa |
100 |
100 |
100 |
100 |
100 |
7. Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
150.23 |
153.30 |
156.54 |
159.85 |
154.98 |
8. Extension of transmission lines - Km - N/A
9. Transmission losses - % - N/A
10. Main investments of parent company– R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
Budget 2014* |
|
Generation |
|
|
|
|
- | |
|
Generation system maintenance - MSGEE |
1.546 |
8.858 |
2.872 |
341 |
13.617 |
74.000 |
|
Environmental impact mitigation |
2.394 |
2.352 |
3.210 |
1.143 |
9.099 |
50.237 |
|
Phase A/B UPME revitalization |
846 |
1.856 |
591 |
-8 |
3,285 |
18.000 |
|
Other |
56 |
100 |
2.465 |
2 |
2.623 |
4.000 |
|
Total |
4.842 |
13.166 |
9.138 |
1.478 |
28.624 |
146.237 |
11.New investments – N/A
|
162 |
|
|
12.Loans and financing – R$ million
Local currency – LC
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras |
539 |
548 |
523.501 |
85.718 |
12/30/2021 |
IPCA + Spread+1.25%p.y. |
|
Eletrobras |
155 |
156 |
108.918 |
516.106 |
06/20/2016 |
IPCA + Spread + 1.80% p.y. |
|
Eletrobras |
102 |
104 |
92.189 |
79.824 |
12/20/2022 |
IPCA + Spread+6.60p.y. |
|
Eletrobras |
84 |
77 |
69.774 |
59.661 |
01/30/2017 |
5% p.y. |
|
Eletrobras |
25 |
24 |
22.515 |
20.373 |
05/30/2018 |
5% p.y. |
|
Eletrobras |
56 |
58 |
59.469 |
61.243 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
39 |
40 |
41.620 |
42.862 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
10 |
11 |
10.761 |
11.082 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
14 |
14 |
14.428 |
14.858 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
10 |
11 |
11.010 |
11.339 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
43 |
44 |
45.696 |
47.059 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
30 |
32 |
32.344 |
27.030 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
202 |
209 |
214.594 |
220.996 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
9 |
9 |
9.282 |
9.559 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
43 |
44 |
45.708 |
0.000 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
13 |
14 |
14.156 |
14.578 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
44 |
45 |
46.467 |
47.854 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
14 |
14 |
14.377 |
14.806 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
21 |
21 |
22.007 |
22.663 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
36 |
37 |
38.458 |
39.605 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
11 |
11 |
11.613 |
11.960 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
27 |
28 |
29.042 |
29.908 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
26 |
27 |
27.470 |
28.289 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
41 |
42 |
43.123 |
44.419 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
20 |
20 |
20.879 |
0.000 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
15 |
15 |
15.426 |
0.000 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
5 |
5 |
5.516 |
0.000 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
8 |
8 |
8.305 |
0.000 |
12/30/2024 |
Selic + 0.5% p.y. |
|
Eletrobras |
44 |
45 |
44.699 |
0.000 |
03/30/2017 |
Selic + 0.5% p.y. |
|
Eletrobras |
5 |
5 |
4.646 |
0.000 |
03/30/2017 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
37 |
36.996 |
0.000 |
04/30/2018 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
7 |
7.112 |
0.000 |
04/30/2016 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
7 |
6.508 |
0.000 |
02/29/2016 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
34 |
34.320 |
0.000 |
03/30/2017 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
7 |
6.882 |
0.000 |
05/30/2016 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
22 |
22.403 |
0.000 |
05/30/2018 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
37 |
36.483 |
0.000 |
06/30/2018 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
22.058 |
0.000 |
09/30/2022 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
49.643 |
0.000 |
12/30/2021 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
7.185 |
0.000 |
06/30/2022 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
51.311 |
52.290 |
12/30/2020 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
10.177 |
0.000 |
09/30/2022 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
6.881 |
0.000 |
06/30/2022 |
Selic + 0.5% p.y. |
|
Eletrobras |
- |
- |
- |
58.333 |
03/22/2015 |
Selic |
|
Eletrobras |
- |
- |
- |
482.399 |
07/30/2022 |
Interest rate CDI 119.5% p.y.+ Administrative rate 0.50%p.y. |
|
163 |
|
|
Foreign currency – FC – N/A
13.Contracts
13.1.Loans and financing – R$ million
|
Loans and financing |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
Total (LC + FC) |
|
By activity |
|
|
|
|
|
|
|
|
|
Generation |
224,318 |
183,573 |
204,512 |
198,665 |
196,170 |
299,126 |
748,449 |
2,054,814 |
|
By creditor |
|
|
|
|
|
|
|
|
|
Eletrobras |
224,318 |
183,573 |
204,512 |
198,665 |
196,170 |
299,126 |
748,449 |
2,054,814 |
14.Number of employees
14.1.By tenure
Generation
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Up to 5 |
255 |
260 |
262 |
259 |
259 |
|
6 to 10 |
59 |
58 |
58 |
58 |
58 |
|
11 to 15 |
- |
01 |
01 |
01 |
01 |
|
16 to 20 |
25 |
25 |
25 |
24 |
25 |
|
21 to 25 |
25 |
24 |
4 |
04 |
14 |
|
beyond 25 |
146 |
147 |
164 |
160 |
154 |
|
Total |
510 |
515 |
514 |
506 |
511 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Up to 5 |
50 |
50 |
52 |
52 |
51 |
|
6 to 10 |
52 |
52 |
53 |
54 |
53 |
|
11 to 15 |
7 |
7 |
7 |
7 |
7 |
|
16 to 20 |
2 |
2 |
3 |
3 |
3 |
|
21 to 25 |
2 |
2 |
1 |
1 |
2 |
|
beyond 25 |
10 |
9 |
13 |
11 |
11 |
|
Total |
123 |
122 |
129 |
128 |
127 |
14.2.By region
|
State |
Number of employees | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |
|
Rio Grande do Sul |
637 |
637 |
643 |
634 |
638 |
14.3.By departments
|
Department |
Number of employees | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |
|
Campo |
511 |
515 |
514 |
506 |
511 |
|
Administrativo |
126 |
122 |
129 |
128 |
127 |
|
164 |
|
|
15.Complementary work force
|
Operational |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
559 |
558 |
388 |
389 |
473 |
16.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
3.30 |
0.55 |
0.55 |
0.63 |
1.26 |
|
165 |
|
|
2. Distribution Companies
|
Company |
Net Operating Revenue |
Service Result |
Income/Loss for the Period |
EBITDA (R$ million) |
EBITDA Margin | |||||
|
2014 |
2013 |
2014 |
2013 |
2014 |
2013 |
2014 |
2013 |
2014 |
2013 | |
|
Amazonas Energia |
3,610 |
2,711 |
803 |
-852 |
-415 |
-1.655 |
1.085 |
-697 |
30.0 |
-25.7 |
|
Distribuição Alagoas |
1,342 |
921 |
-21 |
-183 |
-95 |
-209 |
11 |
-157 |
0.8 |
-17.1 |
|
Distribuição Piauí |
1,292 |
1,019 |
170 |
-373 |
37 |
- |
201 |
-344 |
15.6 |
-33.7 |
|
Distribuição Rondônia |
1,309 |
1,070 |
414 |
-279 |
293 |
-323 |
448 |
-248 |
34.2 |
-23.2 |
|
Distribuição Roraima |
207 |
190 |
-64 |
24 |
-76 |
29 |
-55 |
33 |
-26.4 |
17.2 |
|
Distribuição Acre |
374 |
343 |
94 |
-105 |
34 |
-152 |
108 |
-94 |
28.8 |
-27.4 |
|
Celg D* |
1,259 |
- |
253 |
- |
125 |
- |
282 |
- |
22.4 |
- |
* Information relating to the 4th quarter 2014.
Eletrobras System Distribution
|
Company |
Extension of Distribution Lines (Km) |
Number of Clients assisted |
Number of municipalities served |
Number of substations |
|
Amazonas Energia |
44,519 |
860,737 |
62 |
55 |
|
Distribuição Acre |
19,052 |
240,039 |
22 |
15 |
|
Distribuição Alagoas |
41,734 |
1,013,971 |
102 |
40 |
|
Celg-D |
211,243 |
2,716,003 |
237 |
337 |
|
Distribuição Piauí |
87,500 |
1,144,730 |
224 |
83 |
|
Distribuição Rondônia |
57,129 |
580,859 |
52 |
57 |
|
Distribuição Roraima |
3,508 |
102,078 |
01 |
03 |
Extension of Transmission Lines – Km
|
Company |
Own (a) |
SPEs (b) |
Physical aggregation in 2014 |
Total (a+b) |
|
Amazonas |
701 |
- |
28 |
701 |
|
Geration and Transmission Companies |
61,441 |
5,449 |
3,199 |
66,890 |
|
Total |
62,142 |
5,449 |
3,227 |
67,591 |
(b) Company's participation in the enterprise
Installed Capacity – MW
|
Company |
Own (a) |
SPEs (b) |
Physical aggregation in 2014 |
Total (a+b) |
|
Amazonas Energia |
2,083 |
- |
- |
2,083 |
|
Distribuição Rondônia |
03 |
- |
- |
03 |
|
Eletrobras |
- |
13 |
- |
13 |
|
Generation and Transmission companies |
39,179 |
2,878 |
1,048 |
42,587 |
|
Total |
41,264 |
2,891 |
1,169 |
44,156 |
(b) Company's participation in the enterprise
* The physical aggregation of 2014 of distribution companies refers to the transfer of TPU Electron from Eletronorte to Amazonas Energia.
Energy sold – MWh*
|
2014 |
2013 | |
|
Amazonas Energia** |
6,191,116 |
5,843,457 |
|
Distribuição Acre |
875,470 |
815,767 |
|
Distribuição Alagoas |
3,335,540 |
3,190,949 |
|
Distribuição Piauí |
3,016,471 |
2,800,824 |
|
Distribuição Roraima |
701,637 |
619,300 |
|
Distribuição Rondônia |
2,992,056 |
2,821,856 |
|
Total |
17,112,446 |
16,092,153 |
|
Celg-D |
3,034,958 |
- |
* Do not consider the amount of “Own Consumption”
** Do not consider the short term energy
|
166 |
 |
Balance Sheet
(R$ thousands)
|
Asset |
Consolidated | |
|
12.31.14 |
12.31.13 | |
|
Current Assets |
||
|
Availabilities |
62,606 |
84,656 |
|
Clients (Consumers and Resellers) |
436,063 |
372,341 |
|
Marketable Securities |
131,715 |
- |
|
Deferred fiscal asset (taxes and Contributions) |
27,099 |
34,063 |
|
Income Tax and Social Contributions |
- |
- |
|
Reimbursement rights - CCC (12,111 law) |
2,523,243 |
10,195,291 |
|
Linked Deposits |
12,315 |
- |
|
Stored materials |
103,542 |
141,381 |
|
Financial Asset – Indemnitiable Concessions |
89,590 |
- |
|
Others |
579,971 |
152,906 |
|
Current Assets Total |
3,966,144 |
10,980,638 |
|
. |
||
|
Non-current Assets |
||
|
Clients (Consumers and Resellers) |
78,774 |
53,619 |
|
Deferred fiscal asset (taxes and contributions) |
2,100,973 |
1,749,861 |
|
Reimbursement rights - CCC (12,111 law) |
2,959,326 |
- |
|
Linked Deposits |
338,333 |
270,213 |
|
Financial asset – Annual allowed revenue (Transmission) |
3,024,112 |
3,039,230 |
|
Others |
9,072 |
9,071 |
|
Advance for equity participation |
- |
- |
|
|
8,510,590 |
5,121,994 |
|
INVESTMENT |
12,938 |
7,678 |
|
FIXED ASSETS |
1,376,407 |
1,257,715 |
|
INTANGIBLE ASSETS |
620,842 |
194,303 |
|
Non-current Assets total |
10,520,777 |
6,581,690 |
|
Assets total |
14,486,921 |
17,562,328 |
|
167 |
|
|
|
Liabilities and Stockholders’ Equity |
Consolidated | |
|
12.31.14 |
12.31.13 | |
|
Current Liability |
||
|
Suppliers |
2,439,763 |
4,841,004 |
|
Loans and Financing |
646,856 |
472,434 |
|
Taxes and Social Contribution |
47,341 |
60,835 |
|
Income Tax and Social Contribution |
4,949 |
2,392 |
|
Reimbursement Obligations- CCC (12,111 Law) |
- |
7,783,701 |
|
Costumers advance |
- |
- |
|
Fuel Consumption Account - CCC |
- |
- |
|
Shareholders remuneration (dividends to pay) |
- |
- |
|
Estimated Obligations |
58,707 |
48,028 |
|
Provisions for contingencies |
- |
- |
|
Post-Employment Benefits (Complementary Pension Fund) |
- |
1,022 |
|
Leasing |
74,507 |
181,596 |
|
Onerous Contracts |
- |
- |
|
Sector charges |
3,072 |
- |
|
Incentive to Early Retirement |
- |
- |
|
Others |
124,500 |
922,292 |
|
Current Liability Total |
3,399,695 |
14,313,304 |
|
|
||
|
Non-Current Liability |
||
|
Suppliers |
7,326,768 |
599,631 |
|
Loans and Financing |
1,517,563 |
715,349 |
|
Taxes and Social Contribution |
- |
- |
|
Income Tax and Social Contribution |
- |
- |
|
Reimbursement Obligations - CCC (12,111 Law ) |
2,208,958 |
2,009,423 |
|
Costumers advance |
- |
- |
|
Estimated obligations |
- |
4,849 |
|
Provisions for contingencies |
341,313 |
200,135 |
|
Provision for Onerous Contracts |
- |
295,259 |
|
Post-Employment Benefits (Complementary Pension Fund) |
1,321 |
343 |
|
Leasing |
1,252,154 |
1,891,628 |
|
Concessions to pay - UBP |
- |
- |
|
Sector charges (regulatory taxes) |
- |
- |
|
Other Comprehensive Income |
- |
- |
|
Advance for future capital increase |
- |
- |
|
Others |
458,530 |
24,909 |
|
Non-Current Liability Total |
13,106,607 |
5,741,526 |
|
|
||
|
Stockholders’ Equity |
||
|
Social Capital |
4,610,171 |
4,610,171 |
|
Capital Reserves |
- |
- |
|
Profit reserves |
- |
- |
|
Additional proposed dividend |
- |
- |
|
Acumulated profit/loss |
-6,627,299 |
-7,100,264 |
|
Other Comprehensive Income |
-2,253 |
-2,409 |
|
Non-Controlling shareholders participation |
- |
- |
|
|
||
|
Stockholders’ Equity Total |
-2,019,381 |
-2,492,502 |
|
|
||
|
Non-Current Liability and Stockholders’ Equity Total |
14,486,921 |
17,562,328 |
|
168 |
|
|
Statement of Income
(R$ thousands)
|
Consolidated | ||
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
||
|
Supply – Generation |
1,093,805 |
1,137,447 |
|
Short term electric energy |
1,769,706 |
299,589 |
|
Construction Plants Revenue |
60,797 |
563,180 |
|
Electric Energy Supply - Distribution |
689,159 |
577,656 |
|
Constructuion Revenue - Distribution |
329,115 |
425,395 |
|
Other Operating Revenues |
354,117 |
247,513 |
|
Deduction to Revenue |
-686,663 |
-539,296 |
|
Net Operating Revenue |
3,610,036 |
2,711,484 |
|
. |
||
|
Operating Costs |
||
|
Energy purchased for resale |
-1,336,890 |
-406,444 |
|
Charges on electric grid usage |
-53 |
- |
|
Construction Cost |
-389,912 |
-988,576 |
|
Fuel |
-188,981 |
-140,420 |
|
Operating Expenses |
||
|
Personnel, Material and Third-part related Service |
-642,452 |
-661,366 |
|
Remuneration and Reimbursement |
-7,197 |
-6,363 |
|
Depreciation and Amortization |
-281,561 |
-154,067 |
|
Donations and Contributions |
- |
- |
|
Provisions |
693,633 |
-535,589 |
|
Others |
-653,606 |
-670,192 |
|
Operating Costas and Expenses |
-2,807,019 |
-3,563,017 |
|
. |
||
|
Operating Result before Financial Result |
803,017 |
-851,533 |
|
. |
||
|
Financial Result |
-1,218,441 |
-803,293 |
|
Result before Income tax and Social Contribution |
-415,424 |
-1,654,826 |
|
. |
||
|
Current Income Tax and Social Contribution |
- |
- |
|
Deferred Income Tax and Social Contribution |
- |
- |
|
Net Profit of Period |
-415,424 |
-1,654,826 |
|
169 |
|
|
Cash Flow
(R$ thousands)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
-397,450 |
-1,464,211 |
|
Depreciation and amortization |
270,537 |
154,067 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
-52,265 |
-1,308 |
|
Financing charges |
578,003 |
475,046 |
|
Equity Method |
-5,125 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
-4,293 |
39,427 |
|
Provisions for contingencies |
18,447 |
-22,407 |
|
Provision for staff realignment |
0 |
-92,528 |
|
Provision for impairment of assets |
-758,034 |
-167,653 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
891 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
-23,204 |
552,987 |
|
Variation in operating assets / liabilities |
35,569 |
1,280,418 |
|
Net cash from operating activities |
-337,815 |
754,729 |
|
|
||
|
Financing charges – payment |
-173,409 |
-93,525 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
0 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
-16,434 |
|
Legal deposits |
-20,626 |
-57,071 |
|
Net cash from Operational activities |
-531,850 |
587,699 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
1,462,326 |
329,924 |
|
Loans and financing payable – principal |
-544,828 |
-173,234 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Loans and financing amortization – principal |
0 |
0 |
|
Capital increase – receivable |
0 |
0 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
917,498 |
156,690 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-8,158 |
-47,636 |
|
Intangible acquisition |
-12,128 |
-14,920 |
|
Acquisition ofConcession Asset |
-387,276 |
-987,844 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
-10 |
|
Others |
-136 |
0 |
|
Net Cash from investment activities |
-407,698 |
-1,050,410 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-22,050 |
-306,021 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
84,656 |
390,677 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
62,606 |
84,656 |
|
. |
-22,050 |
-306,021 |
|
170 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a net profit 261.3% higher than that registered in the previous quarter, from a loss of R$ 290.8 million in 3Q14 to a profit of R$ 469.1 million in 4Q14, mainly due to the factors below described.
Operating Revenue
Emphasis on energy sales revenue in the spot market, from R$ 307.4 million in 3Q14 to R$ 633.9 million in 4Q14 mainly due to increase in the price of electric energy.
Operating Expenses
Electric energy purchased for resale increased by 77.5% from R$ 176.1 million in 3Q14 to R$ 312.7 million in 4Q14, mainly due to increased demand and energy prices.
Operational provisions increased by 609.8%, from a provision of R$ 65 million in 3Q14 to a reveral of R$ 331.3 million in 4Q14, mainly due to the reversal of a provision for impairment in the amount of R$ 300 million in 4Q14
Financial Result
The debt charges increased by 153.5%, from R$ 44.3 million in 3Q14 to R$ 112.3 million in 4Q14, mainly due to new contracts.
|
171 |
|
|
Market Data
1.Generation Assets and Energy generated
Own assets
|
Unit |
Fuel |
Installed Capacity (MW) |
Assured Energy (Avg MW) |
Generated Energy (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Parintins |
Biodiesel BS1800 |
33.16 |
10.083 |
25,635 |
26,634 |
30,285 |
32,549 |
115,103 |
|
Itacoatiara |
Biodiesel BS1800 |
34.83 |
6.328 |
22,865 |
24,636 |
29,572 |
33,769 |
81,300 |
|
Manacapuru |
Biodiesel BS1800 |
28.93 |
10.868 |
- |
- |
- |
- |
0 |
|
Barreirinha |
Biodiesel BS1800 |
3.71 |
0.729 |
2,935 |
3,043 |
3,483 |
3,645 |
9,626 |
|
Coari |
Biodiesel BS1800 |
20.85 |
7.572 |
19,607 |
21,982 |
23,591 |
23,370 |
88,550 |
|
Maués |
Biodiesel BS1800 |
12.43 |
3.822 |
9,597 |
10,180 |
11,304 |
11,890 |
42,971 |
|
Humaitá |
Biodiesel BS1800 |
15.37 |
4.661 |
12,494 |
12,460 |
14,435 |
14,518 |
53,907 |
|
Urucará |
Biodiesel BS1800 |
4.67 |
1.484 |
3,272 |
3,399 |
3,915 |
4,193 |
14,779 |
|
Benjamin Constant |
Biodiesel BS1800 |
7.32 |
2.549 |
6,834 |
7,180 |
7,157 |
7,557 |
28,728 |
|
Tefé |
Biodiesel BS1800 |
18.2 |
6.783 |
17,844 |
18,513 |
20,513 |
21,089 |
77,959 |
|
Manicoré |
Biodiesel BS1800 |
7.67 |
2.489 |
6,139 |
6,989 |
7,489 |
7,604 |
28,221 |
|
Autazes |
Biodiesel BS1800 |
6.07 |
1.753 |
5,907 |
5,734 |
6,137 |
6,282 |
24,060 |
|
Codajás |
Biodiesel BS1800 |
7 |
1.653 |
2,886 |
4,580 |
4,952 |
5,064 |
17,482 |
|
Eirunepé |
Biodiesel BS1800 |
10.62 |
1.996 |
4,876 |
5,456 |
5,456 |
5,952 |
21,740 |
|
Nova O. do Norte |
Biodiesel BS1800 |
6.52 |
1.996 |
4,942 |
5,242 |
5,862 |
6,004 |
22,050 |
|
Atalaia do Norte |
Biodiesel BS1800 |
1.19 |
0.05 |
- |
- |
- |
- |
- |
|
Barcelos |
Biodiesel BS1800 |
4.87 |
1.367 |
3,511 |
3,644 |
3,994 |
4,156 |
15,305 |
|
Lábrea |
Biodiesel BS1800 |
9.54 |
2.611 |
7,470 |
7,740 |
8,084 |
8,698 |
31,992 |
|
São P. de Olivença |
Biodiesel BS1800 |
3.79 |
0.986 |
2,510 |
2,650 |
2,732 |
2,963 |
10,855 |
|
Santo Antônio do Içá |
Biodiesel BS1800 |
3.22 |
1.04 |
2,776 |
2,959 |
3,156 |
3,286 |
12,177 |
|
Carauari |
Biodiesel BS1800 |
7.18 |
2.036 |
5,380 |
5,699 |
5,818 |
6,045 |
22,942 |
|
Fonte Boa |
Biodiesel BS1800 |
6.23 |
1.662 |
3,781 |
3,684 |
4,044 |
4,571 |
16,080 |
|
Boca do Acre |
Biodiesel BS1800 |
8.22 |
2.538 |
6,647 |
7,024 |
7,302 |
7,833 |
28,806 |
|
São G. da Cachoeira |
Biodiesel BS1800 |
8.42 |
3.021 |
7,992 |
8,261 |
7,941 |
8,908 |
33,102 |
|
Itapiranga |
Biodiesel BS1800 |
3.06 |
0.985 |
2,361 |
2,434 |
2,768 |
2,976 |
10,539 |
|
Anori |
Biodiesel BS1800 |
4.16 |
1.073 |
1,215 |
2,892 |
3,375 |
3,454 |
10,936 |
|
Silves |
Biodiesel BS1800 |
2.5 |
0.498 |
1,712 |
1,773 |
1,867 |
1,889 |
7,241 |
|
Augusto Montenegro |
Biodiesel BS1800 |
0.6 |
0.055 |
175 |
181 |
182 |
248 |
786 |
|
Nhamundá |
Biodiesel BS1800 |
4.58 |
0.961 |
2,562 |
2,783 |
3,360 |
3,544 |
12,249 |
|
Tabatinga |
Biodiesel BS1800 |
15.43 |
5.336 |
12,973 |
14,030 |
14,497 |
15,225 |
56,725 |
|
172 |
|
|
|
Unit |
Fuel |
Installed Capacity (MW) |
Assured Energy (Avg MW) |
Generated Energy (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Novo Aripuanã |
Biodiesel BS1800 |
5.69 |
1.584 |
3,972 |
4,052 |
4,645 |
4,897 |
17,566 |
|
Borba |
Biodiesel BS1800 |
3.6 |
1.851 |
4,874 |
5,244 |
5,671 |
5,936 |
21,725 |
|
Santa I.do Rio Negro |
Biodiesel BS1800 |
2.42 |
0.676 |
1,726 |
1,798 |
1,861 |
2,019 |
7,404 |
|
Jutaí |
Biodiesel BS1800 |
6.18 |
1.182 |
2,794 |
2,839 |
3,259 |
3,371 |
12,263 |
|
Novo Airão |
Biodiesel BS1800 |
5.27 |
1.206 |
3,441 |
3,735 |
4,037 |
3,994 |
15,207 |
|
Ipixuna |
Biodiesel BS1800 |
3.04 |
0.597 |
1,499 |
1,690 |
1,774 |
1,920 |
6,883 |
|
Envira |
Biodiesel BS1800 |
3.38 |
0.856 |
2,380 |
2,432 |
2,462 |
2,759 |
10,033 |
|
Cucuí |
Biodiesel BS1800 |
0.57 |
0.073 |
200 |
243 |
219 |
252 |
914 |
|
Japurá |
Biodiesel BS1800 |
0.18 |
0.044 |
137 |
141 |
161 |
172 |
611 |
|
Maraã |
Biodiesel BS1800 |
3.69 |
0.628 |
1,805 |
2,100 |
2,258 |
2,365 |
8,528 |
|
Juruá |
Biodiesel BS1800 |
2.49 |
0.462 |
1,335 |
1,546 |
1,594 |
1,657 |
6,132 |
|
Tapauá |
Biodiesel BS1800 |
3.71 |
1.155 |
2,914 |
3,493 |
3,969 |
3,727 |
14,103 |
|
Canutama |
Biodiesel BS1800 |
2.23 |
0.613 |
1,519 |
1,621 |
1,766 |
1,820 |
6,726 |
|
Pauini |
Biodiesel BS1800 |
2.62 |
0.698 |
1,878 |
2,022 |
2,111 |
2,063 |
8,074 |
|
Careiro |
Biodiesel BS1800 |
2.5 |
0.859 |
1,783 |
1,942 |
1,977 |
2,246 |
7,948 |
|
Amaturá |
Biodiesel BS1800 |
1.8 |
0.446 |
1,189 |
1,323 |
1,407 |
1,475 |
5,394 |
|
Estirão do Equador |
Biodiesel BS1800 |
0.72 |
45.207 |
108 |
142 |
138 |
145 |
533 |
|
Palmeiras |
Biodiesel BS1800 |
0.72 |
0.053 |
92 |
99 |
107 |
111 |
409 |
|
Ipiranga |
Biodiesel BS1800 |
0.42 |
0.054 |
118 |
134 |
114 |
133 |
499 |
|
Vila Bittencourt |
Biodiesel BS1800 |
0.57 |
0.068 |
138 |
132 |
132 |
150 |
552 |
|
Iauaretê |
Biodiesel BS1800 |
01 |
0.178 |
197 |
239 |
254 |
258 |
948 |
|
São S. do Uatumã |
Biodiesel BS1800 |
2.64 |
0.638 |
1,526 |
1,536 |
1,714 |
1,855 |
6,631 |
|
Tonantins |
Biodiesel BS1800 |
3.46 |
0.944 |
1,799 |
2,041 |
2,059 |
2,181 |
8,080 |
|
Alvarães |
Biodiesel BS1800 |
2.72 |
0.641 |
1,950 |
2,138 |
2,165 |
2,260 |
8,513 |
|
Beruri |
Biodiesel BS1800 |
2.97 |
0.756 |
2,171 |
2,510 |
2,660 |
3,034 |
10,375 |
|
Caapiranga |
Biodiesel BS1800 |
2.06 |
0.493 |
2,637 |
2,001 |
2,191 |
1,964 |
8,793 |
|
Uarini |
Biodiesel BS1800 |
1.94 |
0.615 |
1,885 |
2,073 |
2,091 |
2,116 |
8,165 |
|
Urucurituba |
Biodiesel BS1800 |
2.84 |
0.787 |
2,755 |
2,835 |
3,035 |
2,992 |
11,617 |
|
Pedras |
Biodiesel BS1800 |
0.57 |
0.102 |
291 |
321 |
332 |
379 |
1,323 |
|
Anamã |
Biodiesel BS1800 |
1.73 |
0.54 |
785 |
1,826 |
1,935 |
2,196 |
6,742 |
|
Itamarati |
Biodiesel BS1800 |
2.56 |
0.405 |
1,270 |
1,371 |
1,427 |
1,498 |
5,566 |
|
Castanho |
Biodiesel BS1800 |
12.72 |
4.195 |
12,166 |
13,163 |
13,536 |
13,094 |
51,959 |
|
Rio Preto da Eva |
Biodiesel BS1800 |
11.21 |
3.389 |
9,633 |
10,126 |
10,807 |
11,201 |
41,767 |
|
173 |
|
|
|
Unit |
Fuel |
Installed Capacity (MW) |
Assured Energy (Avg MW) |
Generated Energy (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Limoeiro |
Biodiesel BS1800 |
1.79 |
0.335 |
1,005 |
1,009 |
1,062 |
1,200 |
4,276 |
|
Boa Vista do Ramos |
Biodiesel BS1800 |
2.31 |
0.738 |
2,571 |
2,714 |
2,828 |
2,881 |
10,994 |
|
Manaquiri |
Biodiesel BS1800 |
3.01 |
1.118 |
3,290 |
3,707 |
3,969 |
3,986 |
14,952 |
|
Caviana |
Biodiesel BS1800 |
0.58 |
0.122 |
329 |
344 |
348 |
378 |
1,399 |
|
Campinas |
Biodiesel BS1800 |
0.43 |
0.06 |
176 |
198 |
219 |
224 |
817 |
|
Caiambé |
Biodiesel BS1800 |
0.88 |
0.121 |
386 |
399 |
388 |
418 |
1,591 |
|
Murituba |
Biodiesel BS1800 |
0.3 |
0.033 |
73 |
78 |
77 |
86 |
314 |
|
Apuí |
Biodiesel BS1800 |
7.19 |
1.381 |
3,521 |
4,097 |
4,341 |
4,486 |
16,445 |
|
Mocambo |
Biodiesel BS1800 |
0.89 |
0.188 |
- |
- |
- |
- |
0 |
|
Belém do Solimões |
Biodiesel BS1800 |
0.84 |
0.213 |
438 |
448 |
438 |
614 |
1,938 |
|
Itapeaçú |
Biodiesel BS1800 |
0.85 |
0.153 |
- |
- |
- |
- |
0 |
|
Caborí |
Biodiesel BS1800 |
0.78 |
0.095 |
755 |
828 |
910 |
945 |
3,438 |
|
Cametá |
Biodiesel BS1800 |
0.612 |
0.136 |
- |
- |
- |
- |
0 |
|
Sacambú |
Biodiesel BS1800 |
0.448 |
0.064 |
225 |
236 |
252 |
242 |
955 |
|
Novo Remanso |
Biodiesel BS1800 |
4.06 |
1.331 |
4,455 |
4,849 |
4,839 |
5,225 |
19,368 |
|
Tuiué |
Biodiesel BS1800 |
0.71 |
0.096 |
276 |
341 |
308 |
362 |
1,287 |
|
Jacaré |
Biodiesel BS1800 |
0.34 |
0.164 |
569 |
589 |
769 |
639 |
2,566 |
|
Novo Céu |
Biodiesel BS1800 |
01 |
0.404 |
1,740 |
1,740 |
1,740 |
1,912 |
7,132 |
|
Zé Açú |
Biodiesel BS1800 |
- |
- |
- |
- |
0 | ||
|
Vila Amazônia |
Biodiesel BS1800 |
2.08 |
0.341 |
1,285 |
1,227 |
1,455 |
1,582 |
5,549 |
|
Terra Nova |
Biodiesel BS1800 |
- |
- |
- |
- |
0 | ||
|
Axinim |
Biodiesel BS1800 |
0.66 |
0.107 |
307 |
333 |
302 |
373 |
1,315 |
|
Vila Urucurituba |
Biodiesel BS1800 |
0.38 |
0.059 |
148 |
150 |
150 |
176 |
624 |
|
Arara |
Biodiesel BS1800 |
0.332 |
0.052 |
142 |
159 |
159 |
178 |
638 |
|
Feijoal |
Biodiesel BS1800 |
0.778 |
0.062 |
210 |
265 |
236 |
330 |
1,041 |
|
Lindoia |
Biodiesel BS1800 |
01 |
0.304 |
888 |
1,035 |
1,070 |
966 |
3,959 |
|
Moura |
Biodiesel BS1800 |
0.52 |
0.065 |
158 |
166 |
197 |
194 |
715 |
|
Santana |
Biodiesel BS1800 |
0.31 |
0.051 |
116 |
139 |
152 |
147 |
554 |
|
Sucunduri |
Biodiesel BS1800 |
0.16 |
0.048 |
128 |
159 |
189 |
156 |
632 |
|
Carvoeiro |
Biodiesel BS1800 |
0.33 |
0.016 |
44 |
48 |
51 |
47 |
190 |
|
Itapuru |
Biodiesel BS1800 |
0.31 |
0.02 |
67 |
83 |
91 |
119 |
360 |
|
Betânia |
Biodiesel BS1800 |
0.43 |
0.111 |
264 |
235 |
270 |
282 |
1,051 |
|
Vila de Matupí |
Biodiesel BS1800 |
1.85 |
0.619 |
1,907 |
1,993 |
2,295 |
2,475 |
8,670 |
|
Auxiliadora |
Biodiesel BS1800 |
0.468 |
0.079 |
239 |
247 |
275 |
244 |
1,005 |
|
174 |
|
|
|
Unit |
Fuel |
Installed Capacity (MW) |
Assured Energy (Avg MW) |
Generated Energy (MWh) | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Tamaniquá |
Biodiesel BS1800 |
0.468 |
0.079 |
65 |
65 |
63 |
65 |
258 |
|
Santa Rita Well |
Biodiesel BS1800 |
0.62 |
0.183 |
512 |
510 |
469 |
537 |
2,028 |
|
Parauá |
Biodiesel BS1800 |
0.568 |
0.096 |
224 |
245 |
242 |
205 |
916 |
|
Belo Monte |
Biodiesel BS1800 |
0.246 |
0.044 |
114 |
117 |
124 |
148 |
503 |
|
Vila de Alterosa |
Biodiesel BS1800 |
0.33 |
0.067 |
225 |
260 |
253 |
260 |
998 |
|
Camaruã |
|
101 |
103 |
116 |
134 |
454 | ||
|
HPU Balbina |
Water |
277.5 |
132.3 |
283,428 |
251,959 |
437,394 |
341,407 |
1,314,189 |
|
TPU Aparecida |
OCTE, GN |
282.5 |
150.0 |
295,750 |
301,358 |
302,117 |
285,536 |
1,184,761 |
|
TPU Mauá |
Block 1 - OC1A / Block 3 Natural Gas (Alternative OCTE) / Block4 – OPGE / Block 5 – Biodiesel / Block 6 – Biodiesel / Block 7 - Biodiesel |
738.1 |
311.0 |
398,686 |
369,361 |
407,293 |
349,608 |
1,514,948 |
|
TPU Electron |
OCTE |
121.1 |
18.0 |
809 |
4,339 |
18,288 |
8,517 |
31,953 |
|
TPU CO Cidade Nova |
Diesel/Biodiesel |
29.6 |
19.4 |
13,839 |
20,285 |
17,521 |
23,714 |
75,359 |
|
TPU AS São José |
Diesel/Biodiesel |
73.4 |
47.5 |
40,054 |
45,019 |
34,389 |
38,327 |
157,790 |
|
TPU FO Flores |
Diesel/Biodiesel |
124.7 |
78.3 |
78,129 |
104,490 |
84,677 |
95,424 |
362,719 |
|
TPU Distrito |
Biodiesel (B S1800) |
51.3 |
38.3 |
36,129 |
45,778 |
31,119 |
36,260 |
149,286 |
|
TPU Iranduba |
Diesel/Biodiesel |
66.6 |
47.1 |
40,323 |
62,150 |
47,607 |
41,940 |
192,021 |
|
Total |
|
2,204.22 |
1,012.0 |
1,493,966 |
1,528,095 |
1,729,862 |
1,293,683 |
5,256,778 |
|
175 |
|
|
|
Unit |
Location (State) |
Beginning of Operation |
End of Operation |
|
Parintins |
Amazonas |
Dec/65 |
Undefined |
|
Itacoatiara |
Amazonas |
Sep/66 |
Undefined |
|
Manacapuru |
Amazonas |
Jan/67 |
Undefined |
|
Barreirinha |
Amazonas |
Jun/67 |
Undefined |
|
Coari |
Amazonas |
Sep/67 |
Undefined |
|
Maués |
Amazonas |
Dec/67 |
Undefined |
|
Humaitá |
Amazonas |
Jul/68 |
Undefined |
|
Urucará |
Amazonas |
Jun/68 |
Undefined |
|
Benjamin Constant |
Amazonas |
Aug/68 |
Undefined |
|
Tefé |
Amazonas |
Aug/68 |
Undefined |
|
Manicoré |
Amazonas |
May/69 |
Undefined |
|
Autazes |
Amazonas |
Jun/69 |
Undefined |
|
Codajás |
Amazonas |
Sep/69 |
Undefined |
|
Eirunepé |
Amazonas |
Sep/69 |
Undefined |
|
Nova Olinda do Norte |
Amazonas |
Oct/69 |
Undefined |
|
Atalaia do Norte |
Amazonas |
Mar/70 |
Undefined |
|
Barcelos |
Amazonas |
Jul/70 |
Undefined |
|
Lábrea |
Amazonas |
Aug/70 |
Undefined |
|
São Paulo de Olivença |
Amazonas |
Jan/71 |
Undefined |
|
Santo Antônio do Içá |
Amazonas |
Jan/71 |
Undefined |
|
Carauari |
Amazonas |
Jan/71 |
Undefined |
|
Fonte Boa |
Amazonas |
Jan/71 |
Undefined |
|
Boca do Acre |
Amazonas |
Feb/71 |
Undefined |
|
São Gabriel da Cachoeira |
Amazonas |
Mar/71 |
Undefined |
|
Itapiranga |
Amazonas |
Oct/71 |
Undefined |
|
Anori |
Amazonas |
Oct/71 |
Undefined |
|
Silves |
Amazonas |
Oct/71 |
Undefined |
|
Augusto Montenegro |
Amazonas |
Oct/71 |
Undefined |
|
Nhamundá |
Amazonas |
Nov/71 |
Undefined |
|
Tabatinga |
Amazonas |
Nov/71 |
Undefined |
|
Novo Aripuanã |
Amazonas |
Jun/72 |
Undefined |
|
Borba |
Amazonas |
May/72 |
Undefined |
|
Santa Isabel do Rio Negro |
Amazonas |
Oct/72 |
Undefined |
|
Jutaí |
Amazonas |
May/72 |
Undefined |
|
Novo Airão |
Amazonas |
Jul/73 |
Undefined |
|
Ipixuna |
Amazonas |
Jul/73 |
Undefined |
|
Envira |
Amazonas |
Aug/73 |
Undefined |
|
Cucuí |
Amazonas |
Oct/73 |
Undefined |
|
Japurá |
Amazonas |
Oct/73 |
Undefined |
|
Maraã |
Amazonas |
Oct/73 |
Undefined |
|
Juruá |
Amazonas |
Oct/73 |
Undefined |
|
Tapauá |
Amazonas |
Dec/73 |
Undefined |
|
Canutama |
Amazonas |
Dec/73 |
Undefined |
|
Pauini |
Amazonas |
Sep/74 |
Undefined |
|
Careiro |
Amazonas |
Sep/74 |
Undefined |
|
Amaturá |
Amazonas |
Nov/74 |
Undefined |
|
Estirão do Equador |
Amazonas |
Dec/74 |
Undefined |
|
Palmeiras |
Amazonas |
Dec/74 |
Undefined |
|
Ipiranga |
Amazonas |
Jan/75 |
Undefined |
|
Vila Bittencourt |
Amazonas |
Dec/75 |
Undefined |
|
Iauaretê |
Amazonas |
Apr/75 |
Undefined |
|
São Sebastião do Uatumã |
Amazonas |
Apr/75 |
Undefined |
|
Tonantins |
Amazonas |
Apr/75 |
Undefined |
|
Alvarães |
Amazonas |
May/75 |
Undefined |
|
Beruri |
Amazonas |
Dec/75 |
Undefined |
|
Caapiranga |
Amazonas |
Jan/75 |
Undefined |
|
Uarini |
Amazonas |
Feb/76 |
Undefined |
|
Urucurituba |
Amazonas |
Jan/75 |
Undefined |
|
Pedras |
Amazonas |
Aug/76 |
Undefined |
|
Anamã |
Amazonas |
Jan/76 |
Undefined |
|
Itamarati |
Amazonas |
Feb/76 |
Undefined |
|
Castanho |
Amazonas |
Dec/79 |
Undefined |
|
Rio Preto da Eva |
Amazonas |
Jun/04 |
Undefined |
|
Limoeiro |
Amazonas |
Nov/82 |
Undefined |
|
Boa Vista do Ramos |
Amazonas |
Mar/86 |
Undefined |
|
Manaquiri |
Amazonas |
Jun/84 |
Undefined |
|
Caviana |
Amazonas |
Jul/86 |
Undefined |
|
Campinas |
Amazonas |
Jul/86 |
Undefined |
|
Caiambé |
Amazonas |
Aug/76 |
Undefined |
|
176 |
|
|
|
Unit |
Location (State) |
Beginning of Operation |
End of Operation |
|
Murituba |
Amazonas |
Aug/86 |
Undefined |
|
Apuí |
Amazonas |
Sep/86 |
Undefined |
|
Mocambo |
Amazonas |
Mar/87 |
Undefined |
|
Belém do Solimões |
Amazonas |
Mar/87 |
Undefined |
|
Itapeaçú |
Amazonas |
Mar/87 |
Undefined |
|
Caborí |
Amazonas |
Sep/92 |
Undefined |
|
Cametá |
Amazonas |
Sep/92 |
Undefined |
|
Sacambú |
Amazonas |
Dec/92 |
Undefined |
|
Novo Remanso |
Amazonas |
Aug/98 |
Undefined |
|
Tuiué |
Amazonas |
Sep/98 |
Undefined |
|
Jacaré |
Amazonas |
Aug/98 |
Undefined |
|
Novo Céu |
Amazonas |
Aug/98 |
Undefined |
|
Zé Açú |
Amazonas |
Sep/98 |
Undefined |
|
Vila Amazônia |
Amazonas |
Sep/98 |
Undefined |
|
Axinim |
Amazonas |
Oct/98 |
Undefined |
|
Vila Urucurituba |
Amazonas |
May/99 |
Undefined |
|
Arara |
Amazonas |
Apr/00 |
Undefined |
|
Feijoal |
Amazonas |
Feb/00 |
Undefined |
|
Lindoia |
Amazonas |
Jul/00 |
Undefined |
|
Moura |
Amazonas |
Apr/04 |
Undefined |
|
Santana |
Amazonas |
Jul/05 |
Undefined |
|
Sucunduri |
Amazonas |
Oct/06 |
Undefined |
|
Carvoeiro |
Amazonas |
Mar/06 |
Undefined |
|
Itapuru |
Amazonas |
Oct/10 |
Undefined |
|
Betânia |
Amazonas |
Jul/06 |
Undefined |
|
Vila de Matupí |
Amazonas |
Aug/06 |
Undefined |
|
Auxiliadora |
Amazonas |
Oct/06 |
Undefined |
|
Santa Rita Well |
Amazonas |
Nov/06 |
Undefined |
|
Parauá |
Amazonas |
Sep/03 |
Undefined |
|
Belo Monte |
Amazonas |
Oct/06 |
Undefined |
|
Vila de Alterosa |
Amazonas |
Oct/06 |
Undefined |
|
HPU Balbina |
Amazonas |
Jan/89 |
Mar/27 |
|
TPU Aparecida |
Amazonas |
Feb/84 |
Undefined |
|
TPU Mauá |
Amazonas |
Apr/73 |
Undefined |
|
TPU Electron |
Amazonas |
Jun/05 |
Undefined |
|
UT CO Cidade Nova |
Amazonas |
Aug/08 |
Undefined |
|
UT AS São José |
Amazonas |
Feb/08 |
Undefined |
|
UT FO Flores |
Amazonas |
Aug/08 |
Undefined |
|
TPU Distrito |
Amazonas |
Oct/10 |
Undefined |
|
TPU Iranduba |
Amazonas |
Nov/10 |
Undefined |
2. Electric energy purchased for resale
|
System |
Unit |
1Q14* |
2Q14* |
3Q14 |
4Q14 |
2014 |
|
Eletrobras (Guajará) |
MWh |
1,490 |
1,471 |
1,566 |
1,716 |
6,244 |
|
R$ million |
3.1 |
- |
-1.5 |
0.42 |
2.02 | |
|
Others (PIE'S-Independent Producer.- Self producer) |
MWh |
673,823 |
690,572 |
687,838 |
669,200 |
2,689,096 |
|
R$ million |
21.7 |
24.3 |
26.7 |
25.5 |
98.2 | |
|
Total |
MWh |
675,313 |
692,043 |
689,404 |
670,916 |
2,695,340 |
|
R$ million |
24.8 |
24.3 |
25.2 |
n/a |
n/a |
*Do ot consider the energy traded in the short term market.
|
177 |
|
|
3. Number of Consumer Units Serviced
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
167.3 |
460,793 |
169.0 |
479,342 |
189.0 |
531,763 |
253.7 |
539,504 |
678.2 |
2,011,401 |
|
Industrial |
100.4 |
443,444 |
97.5 |
427,642 |
142.7 |
463,765 |
156.1 |
451,658 |
418.9 |
1,786,509 |
|
Commercial |
99.3 |
301,043 |
105.6 |
320,395 |
122.2 |
344,854 |
158.1 |
343,790 |
423.6 |
1,310,082 |
|
Rural |
4.1 |
19,924 |
3.9 |
19,643 |
4.1 |
20,172 |
5.7 |
20,786 |
15.5 |
80,525 |
|
Public Utilities |
39.3 |
132,084 |
42.4 |
149,118 |
46.9 |
167,182 |
64.4 |
163,791 |
169.4 |
612,175 |
|
Public Ilumination |
13.6 |
32,905 |
10.2 |
43,908 |
10.3 |
44,603 |
12.0 |
44,681 |
31.4 |
166,097 |
|
Public Service |
4.1 |
51,237 |
7.8 |
49,311 |
8.2 |
49,516 |
15.4 |
48,461 |
42.3 |
198,526 |
|
Own Consumption |
3.8 |
6,913 |
3.5 |
6,132 |
2.7 |
6,440 |
633.9 |
6,317 |
1,769.7 |
25,801 |
|
CCEE Others |
264.9 |
567,433 |
563.5 |
644,979 |
307.4 |
577,835 |
253.7 |
534,940 |
678.2 |
2,325,188 |
|
Total |
697 |
2,015,776 |
1,003 |
2,140,470 |
834 |
2,206,130 |
1,299.3 |
2,153,928 |
3,549.0 |
8,516,304 |
4. Consumer units attended
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
837,609 |
848,613 |
860,545 |
860,737 |
860,737 |
5. Expansion of Network – Number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
14,765 |
6,968 |
3,876 |
3,251 |
28,860 |
6. Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
54 |
54 |
54 |
55 |
54 |
7. Fuel used to produce electricity
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million | ||
|
Diesel Oil |
Litre |
100,773,392 |
960.5 |
152,682,088 |
1,074.3 |
92,334,839.90 |
1,026.1 |
101,976,563 |
1,293.7 |
447,766,882.9 |
4,354.6 |
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
2.44 |
35.42 |
1.5 |
37.08 |
1.00 |
39.20 |
0.97 |
38.91 |
1.44 |
38.87 |
9.Extension of transmission lines – 12.31.14
|
From - To |
Extension (Km) |
Tension (Kv) |
Beginning of Operation |
End of Concession |
|
Balbina–Cristiano Rocha |
158.513 |
230 |
Nov/06 |
Mar/27 |
|
Manaus–Cristiano Rocha |
22.704 |
230 |
Nov/06 |
Mar/27 |
|
Ramal de Transmissão–Presidente Figueiredo |
0.124 |
230 |
Sep/08 |
Mar/27 |
|
Balbina – Manaus I |
180.344 |
230 |
Mayi/89 |
Mar/27 |
|
Balbina – Balbina – Circuit 1 |
0.590 |
230 |
Feb/89 |
Mar/27 |
|
Balbina – Balbina – Circuit 2 |
0.635 |
230 |
Apr/89 |
Mar/27 |
|
Balbina – Balbina – Circuit 3 |
0.635 |
230 |
Apr/89 |
Mar/27 |
|
Balbina – Balbina – Circuit 4 |
0.680 |
230 |
Sep/89 |
Mar/27 |
|
Balbina – Balbina – Circuit 5 |
0.680 |
230 |
Jul/89 |
Mar/27 |
|
Mauá Três – Jorge Teixeira |
13,42 |
230 |
Set/14 |
Jul/15 |
|
178 |
|
|
Subtransmission
|
Line |
Extension (Km) |
Tension (kV) |
Beginning of Operation |
End of Concession |
|
Manaus I – São José |
7.285 |
69 |
Feb/01 |
Jul/15 |
|
Manaus I – Mauá |
11.815 |
69 |
Oct/91 |
Jul/15 |
|
Manaus I – Distrito I – Circuit 1 |
4.685 |
69 |
Oct/91 |
Jul/15 |
|
Manaus I – Distrito I – Circuit 2 |
4.682 |
69 |
Nov/06 |
Jul/15 |
|
Manaus I – V8 – Circuit 1 |
1.160 |
69 |
Oct/91 |
Jul/15 |
|
Manaus I – V8 – Circuit 2 |
1.160 |
69 |
Oct/91 |
Jul/15 |
|
Manaus I – Cachoeirinha |
6.112 |
69 |
Jul/92 |
Jul/15 |
|
Manaus I – Seringal Mirim – Circuit 1 |
6.649 |
69 |
Sep/97 |
Jul/15 |
|
Manaus I – Seringal Mirim – Circuit 2 |
7.277 |
69 |
Oct/97 |
Jul/15 |
|
Manaus I– Flores – Circuit 1 |
4.460 |
69 |
Feb/89 |
Jul/15 |
|
Manaus I – Flores – Circuit 2 |
4.565 |
69 |
Nov/01 |
Jul/15 |
|
Manaus I – Flores – Circuit 3 |
4.810 |
69 |
Dec/07 |
Jul/15 |
|
Manaus I – Cidade Nova |
7.463 |
69 |
Jan/96 |
Jul/15 |
|
Manaus I – Santo Antônio |
9.516 |
69 |
Apr/05 |
Jul/15 |
|
Flores – Redenção |
1.469 |
69 |
Nov/08 |
Jul/15 |
|
Redenção – Ponta Negra |
4.515 |
69 |
Nov/08 |
Jul/15 |
|
Flores – Ponta Negra |
5.959 |
69 |
Dec/07 |
Jul/15 |
|
Aparecida – Ponta Negra |
8.610 |
69 |
Jul/83 |
Jul/15 |
|
Aparecida – Seringal Mirim |
3.796 |
69 |
Feb/97 |
Jul/15 |
|
Aparecida – Cachoeirinha |
3.994 |
69 |
Apr/05 |
Jul/15 |
|
Aparecida – El Paso |
0.153 |
69 |
Nov/99 |
Jul/15 |
|
Mauá – Distrito I – Circuit 1 |
7.481 |
69 |
Apr/77 |
Jul/15 |
|
Mauá – Distrito I – Circuit 2 |
6.728 |
69 |
Apr/99 |
Jul/15 |
|
Mauá – Distrito II – Circuit 1 |
4.122 |
69 |
Nov/97 |
Jul/15 |
|
Mauá – Distrito II – Circuit 2 |
4.107 |
69 |
Apr/04 |
Jul/15 |
|
Mauá – Marapatá |
6.489 |
69 |
Nov/11 |
Jul/15 |
|
Marapatá – Cachoeirinha |
2.894 |
69 |
Nov/11 |
Jul/15 |
|
Mauá – Cidade Nova |
26.016 |
69 |
Aug/06 |
Jul/15 |
|
Mauá – Mauá Geração – Circuit 1 |
0.533 |
69 |
Feb/04 |
Jul/15 |
|
Mauá – Mauá Geração – Circuit 2 |
0.226 |
69 |
Feb/04 |
Jul/15 |
|
Mauá – El Paso |
0.200 |
69 |
Mar/04 |
Jul/15 |
|
Mauá Geração – São José |
8.924 |
69 |
Mar/04 |
Jul/15 |
|
Mauá Geração – Consumidores Especiais |
9.362 |
69 |
Jul/04 |
Jul/15 |
|
Eletro – Cachoeirinha |
0.357 |
69 |
Jan/81 |
Jul/15 |
|
Distrito I – Consumidores Especiais |
7.723 |
69 |
Mar/96 |
Jul/15 |
|
Distrito II – Cachoeirinha – Circuit 1 |
7.421 |
69 |
Nov/97 |
Jul/15 |
|
Distrito II – Cachoeirinha – Circuit 2 |
7.830 |
69 |
Sep/11 |
Jul/15 |
|
Seringal Mirim – Cachoeirinha |
3.980 |
69 |
Feb/97 |
Jul/15 |
|
Santo Antônio – Sivam |
5.326 |
69 |
Mar/95 |
Jul/15 |
|
Ponta Do Ismael – Iranduba |
18.043 |
69 |
Jun/06 |
Jul/15 |
|
Flores – Ambev |
0.161 |
69 |
Mar/03 |
Jul/15 |
|
Iranduba – Manacapuru |
70.000 |
69 |
Aug/12 |
Jul/15 |
|
Jorge Teixeira - Mutirão |
7,1 |
138 |
Mai/14 |
Jul/15* |
|
Mutirão – Cachoeira Grande |
7,2 |
138 |
Mai/14 |
Jul/15* |
|
Total |
322.358 |
|
|
|
10. Extension of Distribution Lines - Km
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
44,420 |
44,462 |
45,492 |
44,519 |
11. DEC- Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
13.28 |
27.89 |
44.20 |
61.60 |
61.60 |
12. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
8.72 |
19.13 |
29.39 |
39.84 |
39.84 |
|
179 |
|
|
13. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
296.01 |
276.88 |
282.27 |
363.12 |
363.12 |
14. Average price – R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
277.64 |
278.10 |
278.32 |
276.68 |
277.69 |
15. Main investments – R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
Budget 2014 |
|
Distribution |
68.64 |
73.71 |
62.86 |
95.61 |
300.80 |
357.27 |
|
Extension of Urban distribution |
22.96 |
28.67 |
20.10 |
35.21 |
106.94 |
110.87 |
|
“Light for All” Program |
24.94 |
29.18 |
25.92 |
44.93 |
124.97 |
130 |
|
Maintenance of the distribution system |
9.67 |
6.85 |
8.90 |
5.77 |
31.19 |
55.92 |
|
Maintenance of the urban network |
11.07 |
9.01 |
7.92 |
9.70 |
37.70 |
60.48 |
|
Others (infrastructure) |
2.89 |
1.88 |
6.43 |
3.05 |
14.25 |
17.43 |
|
Generation |
0.79 |
0.46 |
0.43 |
55.48 |
57.16 |
326.96 |
|
Transmission |
|
|
|
40.43 |
40.43 |
47.75 |
|
Total |
72.32 |
76.05 |
69.72 |
194.57 |
412.64 |
749.41 |
16. New Investments
16.1. Generation
16.1.1. Own assets
|
Unit |
Location (State) |
Investiment (R$ million) |
Installed Capacity (MW) |
Assured Energy (MW Avg) |
Beginning of Operation |
Beginning of construction | ||||
|
Total |
Up to 4Q14 |
Open cycle |
Comb. cycle |
Open cycle |
Combined cycle |
Open cycle |
Combined cycle | |||
|
TEU Mauá 3 |
AM |
1,114.33 |
527.4 |
379,76 |
589,61 |
375,0 |
570,4 |
Sep/15 |
May/16 |
Sep/12 |
17. Loans and financing – R$ million
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras |
1,455.7 |
1,435.7 |
1,861.7 |
2,164.4 |
01.2014 |
RGR |
18. Contract obligations – 12.31.14
|
Loans and financing R$ million |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
Após 2020 |
|
646.9 |
237.9 |
305.7 |
253.2 |
203.4 |
189.5 |
327.8 |
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
Após 2020 |
|
R$ million |
601.306 |
634.727 |
669.269 |
706.078 |
744.913 |
786.315 |
4,024.202 |
|
MWh |
2,671,800 |
2,679,120 |
2,671,800 |
2,671,800 |
2,671,800 |
2,679,120 |
11,799,840 |
|
180 |
|
|
19. Default
|
Class |
R$ million |
|
Public Utility Service |
|
|
Industrial |
21.05 |
|
Residential |
83.34 |
|
Commercial |
31.38 |
|
Rural |
2.60 |
|
Public Entities |
27.63 |
|
Public Ilumination |
1.05 |
|
Public Service |
20.84 |
|
Others |
- |
|
Total |
187.88 |
19.Number of employees
18.1.By tenure
Generation and Transmission
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
76 |
47 |
21 |
21 |
|
6 to 10 |
298 |
257 |
283 |
283 |
|
11 to 15 |
80 |
71 |
56 |
56 |
|
16 to 20 |
124 |
186 |
197 |
189 |
|
21 to 25 |
114 |
116 |
119 |
129 |
|
beyond 25 |
208 |
229 |
231 |
232 |
|
Total |
900 |
906 |
907 |
910 |
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
73 |
45 |
26 |
26 |
|
6 to 10 |
229 |
229 |
246 |
243 |
|
11 to 15 |
55 |
23 |
13 |
15 |
|
16 to 20 |
81 |
87 |
94 |
90 |
|
21 to 25 |
72 |
107 |
103 |
105 |
|
beyond 25 |
185 |
202 |
209 |
206 |
|
Total |
695 |
693 |
691 |
685 |
Administration
|
Tenure (years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
56 |
110 |
60 |
62 |
|
6 to 10 |
204 |
239 |
279 |
276 |
|
11 to 15 |
41 |
6 |
3 |
3 |
|
16 to 20 |
52 |
36 |
34 |
31 |
|
21 to 25 |
64 |
37 |
40 |
35 |
|
Beyond 25 |
132 |
105 |
108 |
108 |
|
Total |
549 |
533 |
524 |
515 |
18.2. By region
|
State |
. | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Amazonas |
2,144 |
2,132 |
2,122 |
2,110 |
|
181 |
|
|
18.3. By departments
|
Department |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
1,595 |
1,599 |
1,598 |
1,595 |
|
Administrative |
549 |
533 |
524 |
515 |
21.Complementary work force
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
1,740 |
1,740 |
1,740 |
1,740 |
1,740 |
22.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.37 |
0.61 |
0.19 |
0.26 |
0.26 |
|
182 |
 |
Balance Sheet
(R$ thousands)
|
Asset |
12.31.14 |
|
Current Assets |
|
|
Availabilities |
115,527 |
|
Clients (Consumers and Resellers) |
659,119 |
|
Deferred Fiscal Assets (Taxes and Contributions) |
5,292 |
|
Income Tax and Social contributions |
- |
|
Reimbursement rights – CCC (12,111 law) |
95,161 |
|
Linked Deposits |
89,405 |
|
Stored material |
33,433 |
|
Financial Asset – Indemnitiable Concessions |
114,325 |
|
Others |
218,990 |
|
Current Total |
1,331,252 |
|
Non-current Assets |
|
|
Clients (Consumers and Resellers) |
55,574 |
|
Deferred Fiscal Assets (Taxes and Contributions) |
173,724 |
|
Marketable Securities |
16,192 |
|
Reimbursement rights – CCC (12,111 law) |
- |
|
Linked Deposits |
- |
|
Financial Asset – Annual Allowed Revenue (Transmission) |
1,991,973 |
|
Others |
601,174 |
|
Advance to equity participation |
- |
|
2,838,637 | |
|
INVESTMENT |
-573 |
|
FIXED ASSET |
150,344 |
|
INTANGIBLE |
74,068 |
|
Non-Current Asset Total |
3,062,476 |
|
Total Asset |
4,393,728 |
|
183 |
|
|
|
Liabilities and Stockholders Equity |
12.31.14 |
|
Current Liability |
|
|
Suppliers |
593,783 |
|
Loans and financings |
302,885 |
|
Bonds |
57,151 |
|
Taxes and social contributions |
195,282 |
|
Income tax and Social Contribution |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
- |
|
Advance to clients |
- |
|
Remuneration to shareholders (dividends to pay) |
- |
|
Estimated obligations |
51,399 |
|
Provisions for Contingencies |
- |
|
Post-employment benefit (Complementary Pension Fund) |
30,863 |
|
Leasing |
- |
|
Onerous Contracts |
- |
|
Sectorial Charges (regulatory taxes) |
233,941 |
|
Incentive to personnel retiremnt |
- |
|
Others |
299,245 |
|
Current Liability Total |
1,764,549 |
|
Non-current Liability |
|
|
Suppliers |
874,025 |
|
Loans and financings |
332,989 |
|
Bonds |
228,195 |
|
Taxes and social contributions |
30,486 |
|
Income tax and Social Contribution |
37,487 |
|
Derivatives |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
- |
|
Advance to clients |
- |
|
Estimated obligations |
2,622 |
|
Provisions for Contingencies |
595,445 |
|
Provision for onerous contract |
- |
|
Post-employment benefit (Complementary Pension Fund) |
118,162 |
|
Sectorial Charges (regulatory taxes) |
179,594 |
|
Advance for future capital increase |
- |
|
Others |
16,495 |
|
Non-current Liability Total |
2,415,500 |
|
Stockholders Equity |
|
|
Social capital |
3,475,679 |
|
Capital reserves |
- |
|
Profit Reserves |
- |
|
Additional Proposed Dividend |
- |
|
Accured losses/profit |
-3,445,144 |
|
Other comprehensive Income |
183,145 |
|
Non-controlling shareholders participation |
- |
|
Stockholders Equity Total |
213,680 |
|
Liabilities and Stockholders’ Equity Total |
4,393,728 |
|
184 |
|
|
Statement of Income
(R$ thousands)
|
09.30.2014 to 12.31.14 | |
|
Operating Revenue |
|
|
Electric Energy Supply - Distribution |
1,634,246 |
|
Construction Revenue - Distribution |
96,644 |
|
Other Operating Revenue |
65,891 |
|
Deductions to Revenue |
-537,630 |
|
Net Operating Revenue |
1,259,151 |
|
Operating Costs |
|
|
Electric Energy purchased for resale |
-511,931 |
|
Construction Cost |
-96,644 |
|
Operating Expenses |
|
|
Personnel, Material and third-part related Service |
-206,412 |
|
Charges on electric network usage |
-39,232 |
|
Depreciation and Amortization |
-28,537 |
|
Donations and Contributions |
- |
|
Provisions |
-113,335 |
|
Others |
-9,611 |
|
Operating Costs and Expenses |
-1,005,702 |
|
Operating Result before Financial Result |
253,449 |
|
Financial Result |
-128,004 |
|
Result before Income tax and Social Contribution |
125,445 |
|
Current Income tax and Social Contribution |
- |
|
Deferred Income tax and Social Contribution |
- |
|
Net Result of the period |
125,445 |
|
185 |
|
|
Cash Flow
(R$ thousands)
|
Cash Flow |
09.30.2014 to 12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
-397,450 |
-1,464,211 |
|
Depreciation and amortization |
270,537 |
154,067 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
-52,265 |
-1,308 |
|
Financing charges |
578,003 |
475,046 |
|
Equity Method |
-5,125 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
-4,293 |
39,427 |
|
Provisions for contingencies |
18,447 |
-22,407 |
|
Provision for investment losses |
0 |
-92,528 |
|
Provision for impairment of assets |
-758,034 |
-167,653 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
891 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
-23,204 |
552,987 |
|
Variation in operating assets / liabilities |
35,569 |
1,280,418 |
|
Net cash from operating activities |
-337,815 |
754,729 |
|
|
||
|
Financing charges – payment |
-173,409 |
-93,525 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
0 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
-16,434 |
|
Legal deposits |
-20,626 |
-57,071 |
|
Net cash from Operational activities |
-531,850 |
587,699 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
1,462,326 |
329,924 |
|
Loans and financing payable - principal |
-544,828 |
-173,234 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Refinancing of taxes and contributions payment - principal |
0 |
0 |
|
Capital increase - receivable |
0 |
0 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
917,498 |
156,690 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-8,158 |
-47,636 |
|
Intangible Asset acquisition |
-12,128 |
-14,920 |
|
Concession Asset Acquisition |
-387,276 |
-987,844 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
-10 |
|
Others |
-136 |
0 |
|
Net Cash from investment activities |
-407,698 |
-1,050,410 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-22,050 |
-306,021 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
84,656 |
390,677 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
62,606 |
84,656 |
|
. |
-22,050 |
-306,021 |
|
186 |
|
|
1. Generation Assets and Energy generated – N/A
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
1,107,189 |
1,193,912 |
1,275,760 |
1,227,321 |
4,804,181 |
|
R$ million |
154.209 |
168.342 |
185.298 |
183.872 |
691.721 | |
|
Others (1) |
MWh |
2,103,150 |
2,205,169 |
2,340,527 |
2,281,621 |
8,930,467 |
|
R$ million |
614.994 |
563.802 |
532.859 |
570.115 |
2,281.770 | |
|
Total |
MWh |
3,210,338 |
3,399,081 |
3,616,287 |
3,508,942 |
13,734,649 |
|
R$ million |
769.203 |
732.144 |
718.157 |
753.987 |
2,973.491 |
(1) Includes PROINFA and Short Term.
3. Energy Sold
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 | ||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
463,997 |
1,081,471 |
457,575 |
1,056,345 |
462,726 |
1,031,856 |
582,327 |
1,123,419 |
|
Industrial |
201,49 |
565,026 |
210,759 |
593,194 |
222,603 |
626,906 |
274,84 |
620,502 |
|
Commercial |
244,13 |
594,024 |
238,745 |
571,98 |
234,744 |
556,977 |
310,292 |
612,65 |
|
Rural |
67,571 |
250,858 |
79,908 |
324,892 |
93,569 |
405,073 |
96,174 |
312,418 |
|
Public Utilities |
39,879 |
105,451 |
40,673 |
106,732 |
38,779 |
100,1 |
54,824 |
119,445 |
|
Public Ilumination |
21,804 |
91,839 |
43,68 |
181,05 |
36,397 |
144,562 |
44,053 |
149,7 |
|
Public Service |
29,598 |
92,041 |
30,058 |
92,698 |
31,564 |
97,131 |
38,865 |
95,331 |
|
Own Consumption |
688 |
1,374 |
400 |
1,299 |
530 |
1,276 |
711 |
1,493 |
|
Total |
1,069,157 |
2,782,084 |
1,101,798 |
2,928,190 |
1,120,912 |
2,963,881 |
1,402,086 |
3,034,958 |
4.Number of Consumer Units Serviced
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
2,641,859 |
2,665,564 |
2,688,902 |
2,716,003 |
5. Network Expansion - number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
26,994 |
25,436 |
22,165 |
26,857 |
6. Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
320 |
316 |
319 |
337 |
7. Fuel used to produce electric energy – N/A
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
9.72 |
2.18 |
9.95 |
2.44 |
9.89 |
6.33 |
9.77 |
3.93 |
9.83 |
3.44 |
9. Extension of Distribution Lines – Km
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
203,443 |
204,231 |
204,990 |
211,243 |
|
187 |
|
|
10. DEC – Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
13.25 |
6.71 |
8.06 |
12.38 |
40.40 |
11. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
7.47 |
5.47 |
6.00 |
8.30 |
27.24 |
12. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
359.64 |
237.06 |
267.21 |
360.78 |
317.26 |
13. Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
379.0 |
361.6 |
375.8 |
455.61 |
14. Main Investments – R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 Total |
2014 Budget |
|
Distribution(Total) |
43.4 |
43.4 |
61.8 |
112.3 |
260.9 |
456.8 |
|
AT and MT Enlargement |
14.8 |
21.4 |
20.3 |
68.4 |
124.9 |
250.9 |
|
Enlargement and Improvments of Urbans Network |
9.8 |
12.6 |
29.2 |
21.9 |
73.5 |
81.1 |
|
Electrification of Rural Properties |
4.0 |
2.9 |
2.9 |
2.3 |
12.1 |
56.7 |
|
Maintenance and Improvement Program of System Facilities |
4.6 |
3.3 |
2.9 |
3.2 |
14.0 |
29.1 |
|
Revenue Management |
4.0 |
1.7 |
3.3 |
6.0 |
15.0 |
17.4 |
|
Corporate Investment |
6.3 |
1.4 |
3.2 |
10.5 |
21.5 |
21.6 |
|
Total |
43.4 |
43.4 |
61.8 |
112.3 |
260.9 |
456.8 |
15.New Investments – N/A
16. Loans and Financing – R$ million
|
Creditor |
Balance on 03.31.14 |
Balance on 06.30.14 |
Balance on 09.30.14 |
Balance on 12.31.14 |
Due |
Index |
|
NATIONAL CURRENCY |
|
|
|
|
||
|
Eletrobrás (ECF’s) |
60.718 |
59.209 |
56.874 |
54.539 |
10/30/2018 |
2.32%p.y. |
|
Banco Santander S/A |
0 |
0 |
15.578 |
16.221 |
07/22/2016 |
4.78% p.y./CDI |
|
Banco Bicbanco S/A |
202.962 |
196.461 |
182.155 |
159.753 |
08/01/2016 |
5.32% p.y./CDI |
|
Banco do Brasil S/A |
7.432 |
6.119 |
4.814 |
3.503 |
08/17/2015 |
3.66% p.y./CDI |
|
Banco Bracce S/A |
4.743 |
3.244 |
3.087 |
2.904 |
12/28/2016 |
13.02%p.y./CDI |
|
Banco Daycoval S/A |
40.194 |
39.315 |
34.329 |
49.396 |
06/20/2016 |
6.04% p.y./CDI |
|
Banco Intermedium S/A |
0 |
10.273 |
10.277 |
9.599 |
04/10/2017 |
6.17% p.y./CDI |
|
CELGPAR S/A |
0 |
0 |
108.167 |
109.537 |
10/15/2027 |
6.8% p.y. |
|
Banco Panamericano S/A |
12.041 |
9.032 |
6.027 |
28.046 |
04/23/2015 |
4.99%p.y./CDI |
|
Banco ABC Brasil S/A |
128.632 |
128.613 |
95.177 |
61.732 |
06/09/2015 |
3.66% p.y./CDI |
|
Banco de Créd e Varejo S/A |
0 |
20.062 |
53.913 |
104.309 |
05/23/2017 |
5.54% p.y.CDI |
|
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Credit National |
2 |
0.4 |
0.4 |
0 |
12/31/2014 |
3.5% p.y./Euro |
|
O.E.C.F. (e) |
37.104 |
37.093 |
30.190 |
30.325 |
09/20/2016 |
3.94% p.y./Ien |
|
188 |
|
|
17. Contracts Obligations – 12.31.14
|
Loans and Financing (R$ million) |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
Eletrobrás (ECF’s) |
9.341 |
9.341 |
9.341 |
8.335 |
3.443 |
3.443 |
11.295 |
|
Banco Santander S/A |
11.192 |
5.029 |
|
|
|
|
|
|
Banco Bicbanco S/A |
125.170 |
34.583 |
|
|
|
|
|
|
Banco do Brasil S/A |
3.503 |
|
|
|
|
|
|
|
Banco Bracce S/A |
2.281 |
623 |
|
|
|
|
|
|
Banco Daycoval S/A |
24.229 |
17.167 |
8.000 |
|
|
|
|
|
Banco Intermedium S/A |
4.167 |
4.074 |
1.358 |
|
|
|
|
|
CELGPAR S/A |
1.623 |
- |
1.401 |
8.409 |
8.409 |
8.409 |
81.286 |
|
Banco Panamericano S/A |
11.380 |
16.666 |
|
|
|
|
|
|
Banco ABC Brasil S/A |
61.732 |
|
|
|
|
|
|
|
Banco de Créd e Varejo S/A |
37.088 |
41.517 |
25.704 |
|
|
|
|
|
Credit National |
0 |
|
|
|
|
|
|
|
O.E.C.F. (e) |
15162 |
15163 |
|
|
|
|
|
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
R$ million |
1,665,395 |
1,762,801 |
1,696,143 |
1,784,729 |
1,800,162 |
1,805,094 |
1,800,162 |
|
MWh |
13,658,754 |
14,464,709 |
14,274,414 |
14,980,879 |
15,197,853 |
14,466,220 |
15,197,853 |
18. Default – R$ million
|
Class |
R$ million |
|
Residential |
67.4 |
|
Industrial |
15.8 |
|
Commercial |
24.9 |
|
Rural |
11.1 |
|
Public Utilities |
12.7 |
|
Public Ilumination |
4.1 |
|
Public Service |
13.3 |
|
Others |
- |
|
Total |
149.3 |
19. Number of employees
19.1 By tenure
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
2 |
- |
- |
- |
|
6 to 10 |
489 |
486 |
484 |
483 |
|
11 to 15 |
4 |
4 |
4 |
4 |
|
16 to20 |
376 |
376 |
376 |
377 |
|
21 to 25 |
6 |
- |
- |
- |
|
beyond 25 |
312 |
317 |
314 |
314 |
|
Total |
1,189 |
1,183 |
1,178 |
1,178 |
|
189 |
|
|
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
11 |
11 |
11 |
10 |
|
6 to 10 |
269 |
265 |
265 |
266 |
|
11 to 15 |
- |
- |
- |
- |
|
16 to20 |
17 |
17 |
17 |
16 |
|
21 to 25 |
5 |
- |
- |
- |
|
beyond 25 |
224 |
230 |
228 |
227 |
|
Total |
526 |
523 |
521 |
519 |
19.2.By region
|
State |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Goiás |
1,715 |
1,706 |
1,699 |
1,697 |
19.3.By departments
|
Department |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
1,189 |
1,183 |
1,178 |
1,178 |
|
Administrative |
526 |
523 |
521 |
519 |
20. Complementary work force
|
Operational |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
4,184 |
4,184 |
4,184 |
4,967 |
21. Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
293.43 |
23.24 |
23.35 |
14.65 |
|
190 |
 |
Balance Sheet
(R$ thousands)
|
Asset |
12.31.14 |
12.31.13 |
|
Current Assets |
| |
|
Availabilities |
24,497 |
18,098 |
|
Clients (Consumers and Resellers) |
65,336 |
43,433 |
|
Deferred Fiscal Assets (taxes and Contributions) |
7,703 |
6,857 |
|
Income Tax and Social contributions |
1,458 |
910 |
|
Reimbursement rights – CCC (12,111 law) |
48,382 |
63,418 |
|
Linked Deposits |
463 |
459 |
|
Stored material |
1,441 |
2,124 |
|
Financial Asset – Indemnitiable Concessions |
11,140 |
- |
|
Others |
52,358 |
22,059 |
|
Current Total |
212,778 |
157,358 |
|
| ||
|
Non-current Assets |
| |
|
Clients (Consumers and Resellers) |
20,699 |
13,128 |
|
Deferred Fiscal Assets (Taxes and Contributions) |
2,719 |
3,754 |
|
Reimbursement rights – CCC (12,111 law) |
237,664 |
138,178 |
|
Linked Deposits |
5,311 |
4,946 |
|
Financial Asset – Annual allowed Revenue (Transmission) |
314,203 |
266,652 |
|
Others |
86 |
- |
|
Advance to equity participation |
- |
- |
|
580,682 |
426,658 | |
|
INVESTMENT |
0 |
0 |
|
FIXED ASSET |
7,383 |
5,937 |
|
INTANGIBLE |
36,343 |
48,418 |
|
| ||
|
Non-Current Asset Total |
624,408 |
481,013 |
|
Total Asset |
837,186 |
638,371 |
|
191 |
|
|
|
Liabilities and Stockholders Equity |
12.31.14 |
12.31.13 |
|
Current Liability |
| |
|
Suppliers |
91,825 |
69,602 |
|
Loans and financing |
31,832 |
37,679 |
|
Bonds |
- |
- |
|
Taxes and social contributions |
17,486 |
14,368 |
|
Income tax and Social Contribution |
303 |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
- |
- |
|
Advance to clients |
- |
- |
|
Remuneration to shareholders (dividends to pay) |
- |
- |
|
Estimated obligations |
2,866 |
4,626 |
|
Provisions for Contingencies |
- |
- |
|
Post-employment benefit (Complementary Pension Fund) |
866 |
- |
|
Leasing |
- |
- |
|
Onerous Contracts |
- |
- |
|
Sectorial Charges (regulatory taxes) |
31,297 |
29,920 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
15,282 |
21,083 |
|
Current Liability Total |
191,757 |
177,278 |
|
| ||
|
Non-current Liability |
| |
|
Suppliers |
236,181 |
185,235 |
|
Loans and financings |
201,731 |
118,627 |
|
Taxes and social contributions |
5,398 |
4,971 |
|
Income tax and Social Contribution |
- |
- |
|
Derivatives |
- |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
124,079 |
118,474 |
|
Advance to clients |
- |
- |
|
Estimated obligations |
- |
1,366 |
|
Provisions for Contingencies |
8,926 |
4,548 |
|
Post-employment benefit (Complementary Pension Fund) |
1,312 |
- |
|
Sectorial Charges (regulatory taxes) |
- |
- |
|
Advance for future capital increase |
12,787 |
236,366 |
|
Incentive to personnel retiremnt |
- |
- |
|
Others |
109 |
1,058 |
|
Non-current Liability Total |
590,523 |
670,645 |
|
| ||
|
Stockholders Equity |
| |
|
Social capital |
475,789 |
245,158 |
|
Capital reserves |
- |
4,277 |
|
Profit Reserves |
- |
- |
|
Additional Proposed Dividend |
- |
- |
|
Accured losses/profit |
-420,461 |
-458,987 |
|
Other comprehensive Income |
- 422 |
- |
|
Non-controlling shareholders participation |
- |
- |
|
| ||
|
Stockholders Equity Total |
54,906 |
-209,552 |
|
Liabilities and Stockholders’ Equity Total |
837,186 |
638,371 |
|
192 |
|
|
Statement of Income
(R$ thousands)
|
12.31.14 |
12.31.13 | |
|
Operating Revenue |
||
|
Electric Energy Supply - Distribution |
461,545 |
398,663 |
|
Construction Revenue - Distribution |
46,926 |
55,301 |
|
Other Operating Revenue |
4,622 |
15,023 |
|
Deductions of Revenue |
-138,948 |
-126,159 |
|
Net Operating Revenue |
374,145 |
342,828 |
|
Operating Costs |
||
|
Electric Energy purchased for resale |
-125,304 |
-148,687 |
|
Construction Cost |
-46,926 |
-55,301 |
|
Operating Expenses |
||
|
Personnel, Material and third-part related Service |
-89,836 |
-108,008 |
|
Charges on electric network usage |
-2,272 |
-2,254 |
|
Depreciation and Amortization |
-14,262 |
-11,300 |
|
Donations and Contributions |
- |
- |
|
Provisions |
12,277 |
-102,735 |
|
Others |
-14,166 |
-19,627 |
|
Operating Costs and Expenses |
-280,489 |
-447,912 |
|
Operating Result before Financial Result |
93,656 |
-105,084 |
|
Financial Result |
-59,407 |
-46,727 |
|
Result before Income tax and Social Contribution |
34,249 |
-151,811 |
|
Current Income tax and Social Contribution |
- |
-114 |
|
Deferred Income tax and Social Contribution |
- |
-302 |
|
Net Result of the period |
34,249 |
-152,227 |
|
193 |
|
|
Cash Flow
(R$ thousands)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
25,930 |
-154,714 |
|
Depreciation and amortization |
14,262 |
11,300 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
35,204 |
35,544 |
|
Financing charges |
20,844 |
12,917 |
|
Equity Method |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
-414 |
17,923 |
|
Provisions for contingencies |
4,378 |
3,817 |
|
Provision for staff realignment |
0 |
0 |
|
Provision for impairment of assets |
-4,873 |
20,447 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
0 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
264 |
61,040 |
|
Variation in operating assets / liabilities |
-94,953 |
25,897 |
|
Net cash from operating activities |
642 |
34,171 |
|
|
||
|
Financing charges – payment |
-20,844 |
-12,917 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
0 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
0 |
0 |
|
Net cash from Operational activities |
-20,202 |
21,254 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
184,727 |
44,196 |
|
Loans and financing payable - principal |
-107,678 |
-40,213 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Refinancing of taxes and contributions payment - principal |
0 |
0 |
|
Capital increase - receivable |
0 |
0 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
77,049 |
3,983 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-2,071 |
-1,213 |
|
Intangible Asset acquisition |
-2,746 |
-7,298 |
|
Concession Asset Acquisition |
-45,631 |
-50,766 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
0 |
|
Others |
0 |
0 |
|
Net Cash from investment activities |
-50,448 |
-59,277 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
6,399 |
-34,040 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
18,098 |
52,138 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
24,497 |
18,098 |
|
. |
6,399 |
-34,040 |
|
194 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented a net profit in 4Q14 36.3% lower than reported in the previous quarter, from R$ 7.0 million in 3Q14 to R$ 4.4 million in 4Q14, mainly due to the factors described below.
Operating Revenue
The net operating revenue increased by 7.5%, from R$ 96.7 million in 3Q14 to R$ 103.9 million in 4Q14, due to higher electricity consumption due to seasonality of the region.
Operating Expense
The personnel expenses, materials and third-part related service increased by 27.6%, from R$ 20.2 million in 3Q14 to R$ 26.6 million in 4Q14, mainly due to PID and higher levels of third-party services.
The operational provisions decreased by 2,560.3%, from a reversal of R$ 0.2 million in 3Q14 to a provision of R$ 5.1 million in 4Q14, mainly due to recognition of a provision relating to PCLD.
Financial Result
The net monetary variations increased by 78.5%, from an expense of R$ 14.3 million in 3Q14 to an expense of R$ 3.1 million in 4Q14, mainly due to the restatement of the CCC funding.
The others financial expenses decreased by 868.2%, from R$ 0.8 million in 3Q14 to R$ 8.0 million in 4Q14, mainly due to the payment of interest on overdue with Petrobras and fines.
|
195 |
|
|
Market Data
1. Generation Assets and Energy generated – N/A
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras (SIN)* |
MWh |
53,182 |
55,043 |
58,760 |
51,213 |
218,198 |
|
R$ million |
2.473 |
2.830 |
3.021 |
3.021 |
11.345 | |
|
Eletrobras Eletronorte |
MWh |
124,665 |
129,028 |
137,741 |
127,930 |
519,364 |
|
R$ million |
18.994 |
21.766 |
23.236 |
21.581 |
85.577 | |
|
Others |
MWh |
84,534 |
87,493 |
93,402 |
81,405 |
346,834 |
|
R$ million |
15.047 |
17.218 |
18.381 |
16.020 |
66.666 | |
|
Total |
MWh |
262.381 |
271.564 |
289.903 |
260.548 |
1,084.396 |
|
R$ million |
36,515 |
41,814 |
44,638 |
40,622 |
163,589 |
*SIN – Interconnected National System
3. Energy sold
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
58.5 |
99,878 |
54.9 |
97,433 |
56.9 |
98,764 |
57.8 |
104,166 |
228.1 |
400,241 |
|
Industrial |
4.3 |
9,334 |
4.3 |
8,783 |
4.3 |
9,441 |
4.3 |
9,347 |
17.2 |
36,906 |
|
Commercial |
27.7 |
49,265 |
26.4 |
47,153 |
28.0 |
49,523 |
30.0 |
52,557 |
112.1 |
198,497 |
|
Rural |
3.9 |
9,97 |
3.6 |
10,592 |
4.2 |
10,363 |
4.4 |
10,596 |
16.1 |
41,521 |
|
Public Utility |
13.9 |
27,52 |
14.8 |
28,481 |
15.6 |
30,045 |
15.9 |
31,232 |
60.2 |
117,278 |
|
Public Ilumination |
2.4 |
8,692 |
2.3 |
11,599 |
2.4 |
10,916 |
2.3 |
14,888 |
9.4 |
46,095 |
|
Public Service |
3.2 |
8,597 |
4.0 |
8,254 |
3.6 |
8,572 |
4.6 |
8,324 |
15.4 |
33,747 |
|
Own Consumption |
0.1 |
302 |
0.2 |
290 |
0.2 |
294 |
0.4 |
300 |
0.9 |
1,186 |
|
Total |
114.0 |
213,559 |
110.6 |
212,585 |
115.1 |
217,917 |
119.7 |
231,409 |
459.4 |
875,47 |
4. Number of Consumer Units Serviced
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
234,677 |
237,728 |
239,653 |
240,039 |
240,039 |
5. Network Expansion - number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2,965 |
2,885 |
1,893 |
2,874 |
10,617 |
6. Quantity of Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
15 |
15 |
15 |
15 |
13 |
7. Fuel for production of electric energy
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million | ||
|
Diesel |
Litre |
12,836,029 |
40.01 |
13,334,861 |
41.32 |
13,929,975 |
42.58 |
14,751,716 |
47.97 |
54,862,581 |
172.15 |
|
Total |
12,836,029 |
40.01 |
13,334,861 |
41.32 |
13,929,975 |
42.58 |
14,751,716 |
47.97 |
54,862,581 |
172.15 | |
|
196 |
|
|
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
9.85 |
13.65 |
9.85 |
13.05 |
9.85 |
13.54 |
9.85 |
13.8 |
9.85 |
13.8 |
9. Extension of distribution line – 12.31.14 - Km
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
19,017 |
19,248 |
19,297 |
19,052 |
19,052 |
10. DEC - Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
24.61 |
38.43 |
49.87 |
63.87 |
63.87 |
11. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
11.30 |
20.58 |
30.19 |
40.85 |
40.85 |
12. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
671.26 |
561.47 |
496.35 |
486.99 |
486.99 |
13. Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
516.35 |
500.27 |
532.40 |
505.59 |
513.69 |
14. Main investments – R$ thousand
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 Budget |
|
Distribution |
10.532 |
7.460 |
15.181 |
14.137 |
47.310 |
65.142 |
|
Enlargement RD Rural Distribution light for all |
1.288 |
1.105 |
2.096 |
2.521 |
7.010 |
7.134 |
|
Enlargement RD Urban Distribution |
3.932 |
3.376 |
3.233 |
2.592 |
13.133 |
13.076 |
|
Maintanence of Distribution System |
3.515 |
901 |
3.229 |
4.786 |
12.431 |
37.474 |
|
Energy on Isolated Systems |
- |
- |
- |
- |
- |
- |
|
Modernization and Adequacy of Commercial and Distribution System |
1.797 |
2.078 |
6.623 |
4.238 |
14.736 |
7.458 |
|
Others |
200 |
894 |
488 |
726 |
2.308 |
4.707 |
|
Asset maintenance |
200 |
894 |
488 |
726 |
2.308 |
4.707 |
|
Total |
10.732 |
8.354 |
15.669 |
14.863 |
49.618 |
69.849 |
|
197 |
|
|
15. New Investments - N/A
16. Loans and financing – R$
|
Credor |
Saldo em 31.03.2014 |
Saldo em 30.06.14 |
Saldo em 30.09.14 |
Saldo em 31.12.14 |
Vencimento |
Indexadores |
|
Eletrobras |
675,293.51 |
675,293.51 |
675,293.51 |
- |
2015 |
R$ |
|
Eletrobras |
15,257,000.00 |
15,257,000.00 |
52,000,000.00 |
52,000,000 |
2019 |
R$ |
|
Eletrobras |
- |
2,358,149.00 |
15,257,000.00 |
- |
2018 |
R$ |
|
Eletrobras |
15,778,049.00 |
15,778,049.00 |
15,778,049.00 |
- |
2019 |
R$ |
|
Eletrobras |
1,189,122.20 |
1,168,620.09 |
1,168,620.09 |
1,206,679 |
2018 |
R$ |
|
Eletrobras |
490,000.00 |
490,000.00 |
508,887.02 |
1,309,373 |
2019 |
R$ |
|
Eletrobras |
35,551,615.70 |
34,184,245.87 |
34,184,245.87 |
33,289,021 |
2018 |
R$ |
|
Eletrobras |
11,733,463.40 |
10,951,232.50 |
10,951,232.50 |
9,095,623 |
2019 |
R$ |
|
Eletrobras |
8,662,861.80 |
8,408,071.75 |
8,408,071.75 |
- |
2017 |
R$ |
|
Eletrobras |
9,321,670.93 |
9,047,504.14 |
9,047,504.14 |
8,271,178 |
2017 |
R$ |
|
Eletrobras |
12,675,829.62 |
11,830,774.30 |
11,196,982.81 |
10,563,191 |
2019 |
RGR |
|
Eletrobras |
11,500,000.00 |
11,250,000.00 |
11,250,000.00 |
11,469,057 |
2018 |
R$ |
|
Eletrobras |
12,055,255.32 |
12,235,567.01 |
13,050,097.10 |
17,242,299 |
2019 |
IPCA |
|
Eletrobras |
7,666,666.62 |
7,499,999.95 |
7,499,999.95 |
7,668,308 |
2018 |
R$ |
|
Eletrobras |
3,710,020.70 |
3,400,852.30 |
3,168,976.00 |
2,937,100 |
2018 |
RGR |
|
Eletrobras |
10,703,878.08 |
9,730,798.26 |
9,000,988.38 |
8,452,730 |
2017 |
RGR |
|
Eletrobras |
3,782,090.53 |
3,438,264.16 |
3,180,394.36 |
2,836,634 |
2017 |
R$ |
|
Eletrobras |
1,708,887.78 |
1,025,332.66 |
512,666.32 |
524,069 |
2014 |
R$ |
|
Eletrobras |
- |
- |
- |
62,744,590 |
2015 |
R$ |
|
Eletrobras |
373,264.48 |
- |
- |
- |
2014 |
R$ |
|
Eletrobras |
2,036,802.71 |
1,745,830.87 |
- |
- |
2016 |
R$ |
|
Eletrobras |
3,382,140.66 |
3,163,938.03 |
1,527,601.99 |
1,030,863 |
2018 |
R$ |
|
Eletrobras |
53,844.91 |
16,153.48 |
3,000,286.08 |
2,922,525 |
2014 |
R$ |
|
Total |
168,307,757.95 |
163,655,676.88 |
211,366,897.39 |
233,563,240 |
|
|
17. Contract obligations
|
Loans and financing R$ million |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
10.611 |
3.447 |
19.560 |
46.990 |
69.242 |
20.968 |
62.745 |
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
R$ million |
|
|
|
|
|
|
|
|
MWh |
|
|
|
|
|
|
|
18. Default
|
Class |
R$ million |
|
State utilities |
- |
|
Industrial |
2.5 |
|
Residential |
21.9 |
|
Commercial |
11.9 |
|
Rural |
3.2 |
|
Public Utility |
16.1 |
|
Public Ilumination |
8.4 |
|
Public Service |
0.6 |
|
Others |
- |
|
Total |
64.6 |
|
198 |
|
|
19. Number of employees
19.1 By tenure
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
75 |
75 |
74 |
74 |
|
6 to 10 |
39 |
39 |
39 |
39 |
|
11 to 15 |
- |
- |
- |
- |
|
16 to20 |
- |
- |
- |
- |
|
21 to 25 |
17 |
17 |
17 |
- |
|
beyond 25 |
43 |
43 |
43 |
56 |
|
Total |
174 |
174 |
173 |
169 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
46 |
46 |
45 |
43 |
|
6 to 10 |
23 |
23 |
22 |
18 |
|
11 to 15 |
- |
- |
- |
6 |
|
16 to20 |
- |
- |
- |
- |
|
21 to 25 |
9 |
9 |
9 |
- |
|
beyond 25 |
22 |
22 |
21 |
27 |
|
Total |
100 |
100 |
97 |
96 |
19.2.By region
|
State |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Acre |
274 |
274 |
270 |
263 |
19.3.By departments
|
Departments |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
101 |
101 |
97 |
100 |
|
Administrative |
173 |
173 |
173 |
163 |
22. Complementary work force
|
Operational |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
49 |
49 |
49 |
49 |
23. Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2.18 |
2.18 |
0.36 |
0.083 |
4.80 |
|
199 |
 |
Balance Sheet
(R$ thousands)
|
Assets |
12.31.14 |
12.31.13 |
Current Assets |
|
|
|
Availabilities |
16,426 |
25,646 |
|
Clients (Consumers and Resellers) |
279,559 |
231,241 |
|
Marketable Securities |
- |
- |
|
Fiscal Asset Deferred (taxes and Contributions) |
8,466 |
10,762 |
|
Reimbursement Right – CCC (12,111 law) |
17,610 |
- |
|
Linked Deposits |
- |
- |
|
Stored Materials |
5,545 |
5,040 |
|
Financial Asset – Indemnitiable Concessions |
67,300 |
- |
|
Other |
77,580 |
49,946 |
Current Assets Total |
472,486 |
322,635 |
|
|
|
|
Non-Current Assets |
|
|
|
Clients (Consumers and Resellers) |
197,314 |
171,341 |
|
Fiscal Asset Deferred (taxes and Contributions) |
5,997 |
5,968 |
|
Reimbursement Right – CCC (12,111 law) |
- |
- |
|
Linked Deposits |
39,600 |
40,852 |
|
Financial Asset |
781,469 |
587,852 |
|
Other |
564 |
3,948 |
|
Advance for equity participation |
- |
- |
|
|
1,024,944 |
809,961 |
|
INVESTMENT |
168 |
168 |
|
FIXED ASSET |
23,698 |
24,088 |
|
INTANGIBLE |
13,635 |
43,809 |
|
Non-Current Assets Total |
1,062,445 |
878,026 |
|
Assets Total |
1,534,931 |
1,200,661 |
|
200 |
|
|
|
Liabilities and Stockholders’ Equity |
12.31.14 |
12.31.13 |
Current Liabilities |
|
|
|
Suppliers |
175,962 |
141,121 |
|
Loans and financing |
233,681 |
227,310 |
|
Taxes and social contributions |
81,890 |
43,970 |
|
Income tax and Social Contribution |
995 |
828 |
|
Derivatives |
- |
- |
|
Reimbursement obligations – CCC (12,111 law) |
- |
- |
|
Advance from clients |
- |
- |
|
Remuneration to Shareholders (dividends to pay) |
- |
- |
|
Estimated obligations |
7,808 |
13,650 |
|
Provisions for Contingencies |
- |
- |
|
Post-employment benefits (Complementary Pension Fund) |
11,931 |
14,081 |
|
Leasing |
- |
- |
|
Onerous Contracts |
- |
- |
|
Concessions to pay - UBP |
- |
- |
|
Sectorial charges (regulatory taxes) |
431 |
497 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
107,629 |
100,538 |
|
Current Total |
620,327 |
541,995 |
|
|
|
|
Non-Current Liabilities |
|
|
|
Suppliers |
- |
6,427 |
|
Loans and financing - Principal |
718,482 |
387,582 |
|
Taxes and social contributions |
- |
9,130 |
|
Income tax and Social Contribution |
- |
- |
|
Derivatives |
- |
- |
|
Reimbursement obligations – CCC (12,111 law) |
- |
- |
|
Advance from clients |
- |
- |
|
Estimated Obligations |
5,599 |
6,988 |
|
Provisions for Contingencies |
88,711 |
83,473 |
|
Provisions for onerous contracts |
- |
- |
|
Post-employment benefits (Complementary Pension Fund) |
46,993 |
161,099 |
|
Sector charges (regulatory taxes) |
- |
- |
|
Advance for future capital Increase |
8,307 |
7,698 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
57,587 |
17,669 |
|
Non-Current Total |
925,679 |
680,066 |
|
|
|
|
Stockholders’ Equity |
|
|
|
Social Capital |
726,447 |
726,447 |
|
Capital Reserve |
- |
- |
|
Profit Reserve |
- |
- |
|
Additional Proposed Dividend |
- |
- |
|
Accured losses/profit |
-678,710 |
-583,356 |
|
Other comprhensive results |
-58,812 |
-164,491 |
|
Non-controlling shareholders participation |
- |
- |
|
|
|
|
|
Stockholders’ Equity Total |
-11,075 |
-21,400 |
|
Total Liabilities and Stockholders’ Equity |
1,534,931 |
1,200,661 |
|
201 |
|
|
Statement of Income
(R$ thousands)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenue |
|
|
|
Electric Energy Supply - Distribution |
1,554,489 |
1,080,289 |
|
Construction Revenue - Distribution |
93,192 |
104,440 |
|
Other Operating Revenue |
74,318 |
71,498 |
|
Deductions of Revenue |
-379,866 |
-334,771 |
|
Net Operating Revenue |
1,342,133 |
921,456 |
|
|
|
|
|
Operational Costs and Expenses |
|
|
|
Electric Energy purchased for resale |
-831,566 |
-504,780 |
|
Construction Cost |
-93,192 |
-104,440 |
|
Charges on electric network usage |
-57,758 |
-21,464 |
|
|
|
|
|
Operating Expenses |
|
|
|
Personnel, Material and third-part related service |
-227,448 |
-316,836 |
|
Depreciation and Amortization |
-32,215 |
-26,359 |
|
Donations and Contributions |
-142 |
-147 |
|
Provisions |
-25,806 |
72,776 |
|
Others |
-95,215 |
-203,681 |
|
Operating Costs and Expenses |
-1,363,342 |
-1,104,931 |
|
|
|
|
|
Result before Financial Result |
-21,209 |
-183,475 |
|
|
|
|
|
Financial Result |
-81,363 |
-25,730 |
|
Result before Income tax and Social Contribution |
-102,572 |
-209,205 |
|
|
|
|
|
Current Income tax and social Contribution |
7,218 |
- |
|
Deferred Income tax and Social Contribution |
- |
- |
|
Net Result of the Period |
-95,354 |
-209,205 |
|
202 |
|
|
Cash Flow
(thousands reais)
|
Cash Flow |
12.31.2014 |
12.31.2013 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
-102,572 |
-137,149 |
|
Depreciation and amortization |
32,215 |
26,359 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
-15,417 |
-118 |
|
Financing charges |
81,514 |
43,933 |
|
Equity Method |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
-19,701 |
-44,867 |
|
Provisions for contingencies |
5,238 |
-7,682 |
|
Provision for staff realignment |
0 |
74,532 |
|
Provision for impairment of assets |
13,960 |
0 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
-48 |
48 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
21,731 |
324,987 |
|
Variation in operating assets / liabilities |
-231,989 |
-394,913 |
|
Net cash from operating activities |
-215,069 |
-114,870 |
|
|
||
|
Financing charges – payment |
0 |
0 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
0 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
0 |
0 |
|
Net cash from Operational activities |
-215,069 |
-114,870 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
673,799 |
270,359 |
|
Loans and financing payable - principal |
-368,767 |
-92,021 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Refinancing of taxes and contributions payment - principal |
-8,499 |
-3,117 |
|
Capital increase - receivable |
0 |
21,918 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
296,533 |
197,139 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-3,578 |
-2,300 |
|
Intangible acquisition |
-13,122 |
-6,651 |
|
Intangible acquisition - Concession |
-80,070 |
-97,790 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
0 |
|
Others |
-721 |
4,112 |
|
Net Cash from investment activities |
-97,491 |
-102,629 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-16,027 |
-20,360 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
25,646 |
46,006 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
9,619 |
25,646 |
|
-16,027 |
-20,360 |
|
203 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a net profit 796.4% higher than the registered in the previous quarter, from a loss of R$ 13.2 million in 3Q14 to a R$ 91.6 million profit in 4Q14, mainly due to the factors described below.
Operating Revenue
The net operating revenue of the company increased by 1,437.9%, from R$ 8.7 million in 3Q14 to R$ 134.1 million in 4Q14, mainly due to the the recognition of regulatory assets (CVA) according to OCPC 08.
Operating Expenses
The expenses with personnel, materials and third-part related services increased by 8.2%, from R$ 59.3 million in 3Q14 to R$ 64.2 million in 4Q14, mainly due to increased spending on services aimed at improving the service to the final consumer, as well as increasing the number of consumers served.
The electric energy purchased for resale increased by 113.9% from R$ 133.4 million in 3Q14 to R$ 285.5 million in 4Q14, mainly due to the increase in energy prices as a result of higher thermal dispatch, due to the low level of the hydroelectric reservoirs.
The operational provisions increased by 256.3%, from R$ 5.3 million in 3Q14 to R$ 18.7 million in 4Q14, mainly due to the lawsuit filed by CODEVASF for the CEAL and Energipe dealers not did supply cuts of electricity. According to judicial decision, utilities companies could deduct the appropriate amount of bills for the payment of the amounts of energy acquired from CHESF.
Financial Result
The net monetary update increased by 128%, from an expense of R$ 14.8 million in 3Q14 to a R$ 33.7 million in 4Q14, mainly due to the installment of overdue customer accounts in period.
The debt charges increased by 131.1%, from R$ 16.7 million in 3Q14 to R$ 5.2 million in 4Q14, mainly due to the renegotiation of contracts regular resources during this period.
The other revenues net financial expenses decreased by 1,275%, from an expense of R$ 1.7 million in 3Q14, to an expense of R$ 23.8 million in 4Q14, mainly due to the register of the monetary correction and interest action CEAL X Codevasf X CHESF, mentioned above.
|
204 |
|
|
Market Data
1. Generation Assets and Energy generated – N/A
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
646,010 |
706,706 |
684,132 |
722,903 |
2,759,751 |
|
R$ million |
37.4 |
48.3 |
25.2 |
86.7 |
197.6 | |
|
Others |
MWh |
575,101 |
471,137 |
456,088 |
481,936 |
1,984,262 |
|
R$ million |
138.1 |
189.9 |
107.2 |
198.8 |
634.0 | |
|
Total |
MWh |
1,221,111 |
1,177,843 |
1,140,220 |
1,204,839 |
4,744,013 |
|
R$ million |
175.5 |
238.2 |
132.4 |
285.5 |
831.6 |
3. Energy sold
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
139.3 |
336,993 |
132.7 |
327,07 |
131.4 |
309,316 |
175.3 |
331,554 |
578.5 |
1,304,933 |
|
Industrial |
32.5 |
138,543 |
33.6 |
144,391 |
38.9 |
150,366 |
48.8 |
145,97 |
153.7 |
579,27 |
|
Commercial |
80.3 |
186,942 |
74.9 |
183,182 |
74.9 |
170,974 |
101.2 |
190,884 |
331.3 |
731,982 |
|
Rural |
13.4 |
78,047 |
6.5 |
25,983 |
5.3 |
16,727 |
14.5 |
58,162 |
39.7 |
178,919 |
|
Public Utility |
18.9 |
37,446 |
16.1 |
37,93 |
18.8 |
35,372 |
25.7 |
39,818 |
79.5 |
150,566 |
|
Public Ilumination |
11.9 |
49,819 |
11.1 |
50,794 |
11.2 |
50,745 |
15.0 |
51,224 |
49.3 |
202,582 |
|
Public Service |
9.5 |
45,918 |
10.2 |
44,544 |
11.4 |
46,366 |
13.1 |
46,736 |
44.1 |
183,564 |
|
Own Consumption |
0.3 |
949 |
0.3 |
1,074 |
0.2 |
781 |
0.4 |
920 |
1.2 |
3,724 |
|
Total |
306.0 |
874,657 |
285.3 |
814,968 |
292.1 |
780,647 |
394.0 |
865,268 |
1.277,4 |
3,335,540 |
4. Number of Consumer Units Serviced
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
991,742 |
998,785 |
1,008,010 |
1,013,971 |
1,013,971 |
5. Network Expansion - number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
10,416 |
6,925 |
9,348 |
5,956 |
32.645 |
6. Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
40 |
40 |
41 |
40 |
40 |
7. Fuel used to produce electricity- N/A
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
10.34 |
15.13 |
10.34 |
14.84 |
10.34 |
14.83 |
10.34 |
14.44 |
10.34 |
14.47 |
|
205 |
|
|
9. Extension of distribution lines – Km
|
2014 |
|
41,734 |
10. DEC- Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
10.29 |
20.87 |
27.93 |
36.50 |
36.50 |
11. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
6.20 |
11.69 |
16.30 |
22.77 |
22.77 |
12. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
296.17 |
346.73 |
313.51 |
304.45 |
304.45 |
13. Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
250.68 |
257.92 |
280.65 |
336.76 |
281.79 |
14. Main Investments – R$ million
|
Projectt |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 Budget |
|
Distribution |
16.0 |
17.1 |
16.2 |
40.4 |
89.5 |
94.4 |
|
Rural Distribution Network Expansion - Light for All |
1.2 |
0.2 |
0.1 |
0.1 |
1.6 |
2.5 |
|
Expansion of Distribution System |
4.4 |
4.2 |
2.4 |
- |
11.1 |
14.0 |
|
Maintenance of Distribution System |
5.0 |
4.1 |
3.0 |
11.7 |
23.6 |
24.2 |
|
Modernization and Adequacy of Commercial and Distribution System – loss reduction |
5.4 |
8.6 |
10.5 |
28.5 |
53.2 |
53.7 |
|
Others |
1.1 |
0.7 |
0.5 |
2.9 |
5.2 |
17.0 |
|
Maintenance and Adequacy of Goods |
- |
0.1 |
0.1 |
0.5 |
0.6 |
2.3 |
|
Maintenance and Adequacy of movable property, vehicles, and equipment |
- |
0.1 |
- |
- |
0.2 |
0.5 |
|
Maintenance and Adequacy of computer, information assets and teleprocessing |
1.1 |
0.5 |
0.4 |
2.4 |
4.4 |
14.2 |
|
Total |
17.1 |
17.8 |
16.4 |
43.3 |
94.7 |
111.4 |
15. New Investments – N/A
16. Loans and Financing – R$ million
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due Date |
Index |
|
Eletrobras |
654 |
731 |
761 |
941 |
Diverses |
Interest Rate |
|
Faceal |
13 |
11 |
09 |
6 |
07.30.2015 |
INPC |
|
Caixa Econômica Federal |
05 |
05 |
05 |
5 |
12.31.2014 |
CDI/OVER |
|
Banco do Brasil |
05 |
05 |
05 |
5 |
12.31.2014 |
CDI/OVER |
|
Lloyds Bank |
01 |
01 |
01 |
1 |
04.10.2024 |
DOLLAR |
|
206 |
|
|
|
Loans and financing R$ million |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
240 |
123 |
138 |
124 |
92 |
84 |
157 |
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
R$ million |
588.4 |
704.2 |
755.0 |
858.8 |
934.5 |
934.5 |
934.5 |
|
MWh |
5,049,171 |
5,701,359 |
5,766,445 |
6,187,647 |
6,352,154 |
6,352,154 |
6,352,154 |
18. Default
|
Class |
R$ thousand |
|
Residential |
15.0 |
|
Industrial |
6.6 |
|
Commercial |
6.9 |
|
Rural |
4.6 |
|
State Utilities |
2.3 |
|
Public Ilumination |
2.9 |
|
Public Service |
14.8 |
|
Others |
0.2 |
|
Total |
53.3 |
19. Number of employees
19.1. By tenure
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
391 |
389 |
330 |
303 |
|
6 to 10 |
175 |
174 |
217 |
236 |
|
11 to 15 |
- |
- |
- |
- |
|
16 to20 |
- |
- |
- |
- |
|
21 to 25 |
100 |
100 |
91 |
92 |
|
beyond 25 |
227 |
227 |
232 |
221 |
|
Total |
893 |
890 |
870 |
852 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
52 |
52 |
63 |
54 |
|
6 to 10 |
47 |
47 |
48 |
51 |
|
11 to 15 |
- |
- |
- |
- |
|
16 to20 |
- |
- |
- |
- |
|
21 to 25 |
12 |
12 |
10 |
10 |
|
beyond 25 |
50 |
50 |
52 |
49 |
|
Total |
161 |
161 |
173 |
164 |
19.2.By region
|
State |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Alagoas |
1,054 |
1,051 |
1,043 |
1,016 |
|
207 |
|
|
19.3.By departments
|
Departments |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
890 |
890 |
870 |
852 |
|
Administrative |
168 |
161 |
173 |
164 |
20.Complementary work force
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1,014 |
1,178 |
1,178 |
1,031 |
21.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.19 |
0.14 |
0.14 |
2.16 |
3.26 |
|
208 |
 |
Balance Sheet
(R$ thousands)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
|
|
|
|
Availabilities |
5,478 |
22,450 |
|
Clients (Consumers and Resellers) |
284,504 |
204,164 |
|
Marketable Securities |
20,960 |
- |
|
Fiscal Asset Deferred (taxes and Contributions) |
23,355 |
8,237 |
|
Income tax and Social Contribution |
5,893 |
11,492 |
|
Reimbursement Rights – CCC (12,111 law) |
50,800 |
9,812 |
|
Linked Deposits |
- |
- |
|
Stored Material |
6,130 |
11,746 |
|
Financial Asset – Indemnitiable Concessions |
193,808 |
- |
|
Others |
49,301 |
34,334 |
|
Current Asset Total |
640,229 |
302,235 |
|
|
|
|
|
Non-Current Assets |
|
|
|
|
|
|
|
Clients (Consumers and Resellers) |
219,303 |
167,352 |
|
Fiscal Asset Deferred (taxes and Contributions) |
4,521 |
4,594 |
|
Reimbursement Rights – CCC (12,111 Law) |
- |
- |
|
Linked Deposits |
12,618 |
16,267 |
|
Financial Asset – Annual allowed revenue (transmission) |
651,978 |
596,843 |
|
Others |
1,313 |
1,323 |
|
Advance for equity participation |
- |
- |
|
|
889,733 |
786,379 |
|
Investments |
146 |
146 |
|
Fixed Asset |
20,531 |
29,162 |
|
Intangible |
28,928 |
13,519 |
|
|
|
|
|
Non-Current Assets Total |
939,338 |
829,206 |
|
Total Assets |
1,579,567 |
1,131,441 |
|
209 |
|
|
|
Liabilities and Stockholders Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Suppliers |
165,288 |
117,411 |
|
Loans and Financing |
330,198 |
191,497 |
|
Taxes and Social Contribution |
143,162 |
58,670 |
|
Income tax and Social Contribution |
- |
4,991 |
|
Reimbursement Obligations – CCC (12,111 law) |
- |
- |
|
Clients Advance |
- |
- |
|
Remuneration to Shareholders (dividends to pay) |
- |
- |
|
Estimated Obligations |
37,050 |
34,277 |
|
Provisions for Contingencies |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
22,974 |
19,264 |
|
Onerous Contract |
- |
- |
|
Sectorial Charges (regulatory taxes) |
13,837 |
19,065 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
46,584 |
33,130 |
|
Current Liabilities Total |
759,093 |
478,305 |
|
|
|
|
|
Non-Current Liabilities |
|
|
|
Suppliers |
- |
- |
|
Loans and Financing |
728,363 |
603,079 |
|
Taxes and Social Contribution |
37,866 |
49,704 |
|
Income tax and Social Contribution |
- |
5,411 |
|
Reimbursement Obligations – CCC (12,111 law) |
- |
- |
|
Advance of clients |
- |
- |
|
Estimated Obligations |
- |
2,363 |
|
Provision for contingencies |
101,574 |
71,928 |
|
Provision for uncovered liabilities on invested companies |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
32,638 |
86,031 |
|
Leasing |
- |
- |
|
Sectorial Charges |
44,049 |
32,510 |
|
Advance for future capital increase |
16,416 |
15,631 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
626 |
5,956 |
|
Non-Current Liabilities Total |
961,532 |
872,613 |
|
|
|
|
|
|
|
|
|
Stockholders Equity |
|
|
|
Social Capital |
1,256,331 |
1,256,331 |
|
Capital Reserves |
- |
- |
|
Profit Reserves |
- |
- |
|
Additional proposed Dividend |
- |
- |
|
Acccumulated Profit/Losses |
-1,403,544 |
-1,441,479 |
|
Other comprehensive income |
6,155 |
-34,329 |
|
Non-controlling shareholders participation |
- |
- |
|
Stockholders Equity Total |
-141,058 |
-219,477 |
|
|
|
|
|
Total Liabilities and Stockholders Equity |
1,579,567 |
1,131,441 |
|
210 |
|
|
Statement of Income
(R$ thousands)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenue |
|
|
|
Electric Energy Supply - Distribution |
1,438,094 |
1,052,159 |
|
Construction Revenue - Distribution |
126,130 |
196,591 |
|
Other Operating Revenue |
140,162 |
148,684 |
|
Deductions of Revenue |
-412,809 |
-378,523 |
|
Net Operating Revenue |
1,291,577 |
1,018,911 |
|
|
|
|
|
Operational Costs |
|
|
|
Charges on electric energy network usage |
-71,823 |
-15,492 |
|
Construction Cost |
-126,130 |
-196,591 |
|
Operating Expenses |
|
|
|
Personnel, Material and third-part related service |
-273,045 |
-355,304 |
|
Electric Energy purchased for resale |
-529,720 |
-446,348 |
|
Depreciation and Amortization |
-31,337 |
-28,876 |
|
Donations and Contributions |
- |
- |
|
Provisions |
7,608 |
-264,196 |
|
Others |
-97,012 |
-84,684 |
|
Operating Costs and Expenses |
-1,121,459 |
-1,391,491 |
|
|
|
|
|
Operating Result before Financial Result |
170,118 |
-372,580 |
|
|
|
|
|
Financial Result |
-169,289 |
-69,728 |
|
Result before Income tax and Social Contribution |
829 |
-442,308 |
|
|
|
|
|
Current Income tax and social Contribution |
- |
- |
|
Deferred Income tax and Social Contribution |
- |
- |
|
Fiscal Incentives Revenue |
37,106 |
- |
|
Net Result of the Period |
37,935 |
-442,308 |
|
211 |
|
|
(reais thousands)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
829 |
-427,871 |
|
Depreciation and amortization |
31,337 |
28,876 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
2,863 |
1,338 |
|
Financing charges |
67,195 |
48,532 |
|
Equity Method |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
-73,110 |
6,719 |
|
Provisions for contingencies |
54,935 |
19,704 |
|
Provision for staff realignment |
0 |
0 |
|
Provision for impairment of assets |
10,567 |
221,875 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
0 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
22,313 |
15,990 |
|
Variation in operating assets / liabilities |
-209,473 |
-24,294 |
|
Net cash from operating activities |
-92,544 |
-109,131 |
|
|
||
|
Financing charges – payment |
0 |
0 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
37,106 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
-25,289 |
-10,797 |
|
Legal deposits |
0 |
0 |
|
Net cash from Operational activities |
-80,727 |
-119,928 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
607,414 |
280,466 |
|
Loans and financing payable - principal |
-413,487 |
-123,161 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Refinancing of taxes and contributions payment - principal |
0 |
0 |
|
Capital increase - receivable |
785 |
62,456 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
194,712 |
219,761 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-2,745 |
-8,463 |
|
Intangible acquisition |
-4,132 |
-11,943 |
|
Intangible acquisition - Concession |
-119,253 |
-95,727 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
0 |
|
Others |
0 |
0 |
|
Net Cash from investment activities |
-126,130 |
-116,133 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-12,145 |
-16,300 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
17,623 |
33,923 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
5,478 |
17,623 |
|
. |
-12,145 |
-16,300 |
|
212 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a net profit 345.2%, higher than that registered in the previous quarter, from a loss of R$ 51.5 million in 3Q14 to a profit R$ 126.4 million in 4Q14, mainly due to the following factors described.
Operating Revenue
The operating revenues of the company increased by 118.4%, from R$ 270.3 million in 3Q14 to R$ 590.3 million in 4Q14, mainly due to the recognition of regulatory assets (CVA) as OCPC 08, in the amount of the increasing in the number of customers as well as the average tariff readjustment of 25% from August 28, 2014.
The construction revenue increased by 29.2%, from R$ 37 million in 3Q14 to R$ 47.8 million in 4Q14, mainly due to the higher amount of investments in 4Q14.
The revenue of the usage of distribution network increased by 6.6%, from R$ 36.1 millionin 3Q14 to R$ 38.5 million in 4Q14 mainly dure to the increase in the revenue with the social tariff for low-income.
Operating Expense
The electric energy purchased for resale decreased by 163.3% from an expense of R$ 128 million in 3Q14, to a revenue of R$ 81.3 million in 4Q14, mainly due to increase in the price of purchased energy.
The charges of electric energy network usage increased by 98.9%, from R$ 21 millionin 3Q14 to R$ 41.9 million in 4Q14, mainly due to the increase in the thermal dispatch, in function of the low level of the reservoir in hydroelectric plant.
The personnel expenses, materials and third-part related services increased by 44.9%, from R$ 59.0 million in 3Q14 to R$ 85.5 million in 4Q14, mainly due to lines maintenance services and networks distribution by outsourced labor.
The operational provisions increased by 35.7%, from R$ 14.0 million in 3Q14 to R$ 19.0 million in 4Q14, mainly due to the impairment made in 4Q14.
The others operating expenses increased by 62.6%, from R$ 28.1 million in 3Q14 to R$ 45.7 million in 4Q14, due predominantly to the losses on receivables in 4Q14.
Financial Result
The arrears increased by 81.3%, from R$ 10.2 million in 3Q14 to R$ 18.5 million in 4Q14, mainly due to the update of electricity credits for installment campaign and reparcelling occurred in 4Q14.
The others net financial revenue and expenses presented a decrease of 4,614.8%, from a revenue of R$ 1.9 million in 3Q14 to an expense of R$ 87 million, mainly due to to the update of regulatory asset/liability according to OCPC 08.
|
213 |
|
|
Market Data
1. Generation Assets and Energy generated – N/A
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
412,200.341 |
397,207.427 |
401,587.943 |
520,015.18 |
1,731,010.89 |
|
R$ million |
20 |
21.1 |
28.9 |
31.26 |
101.26 | |
|
Others |
MWh |
552,647.16 |
621,949.77 |
749,074.75 |
681,224.99 |
2,570,136.29 |
|
R$ million |
108.7 |
116.3 |
87.7 |
132.64 |
502.34 | |
|
Total |
MWh |
964,847.50 |
1,019,157.20 |
1,150,662.69 |
1,201,240.17 |
4,301,147.18 |
|
R$ million |
128.70 |
137.4 |
116.6 |
163.9 |
603.60 |
3. Energy sold
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
141.9 |
338,016 |
144.3 |
335,685 |
163.1 |
368,009 |
208.3 |
389,884 |
657.6 |
1,431,593 |
|
Industrial |
15.9 |
48,94 |
17.1 |
52,412 |
20.8 |
59,348 |
24.2 |
55,088 |
78.0 |
215,788 |
|
Commercial |
64.4 |
153,187 |
67.0 |
157,112 |
76.5 |
170,645 |
96.8 |
178,522 |
304.7 |
659,465 |
|
Rural |
7.1 |
29,065 |
6.8 |
27,697 |
10.5 |
43,966 |
12.1 |
41,314 |
36.5 |
142,042 |
|
Public Utilities |
21.3 |
49,632 |
23.5 |
53,394 |
25.9 |
56,101 |
32.6 |
62,026 |
103.4 |
221,152 |
|
Public Ilumination |
11.2 |
47,217 |
11.5 |
44,961 |
13.3 |
46,842 |
16.8 |
49,438 |
52.8 |
188,457 |
|
Public Service |
14.6 |
36,798 |
14.9 |
36,919 |
15.5 |
39,641 |
19.0 |
40,839 |
64.0 |
154,196 |
|
Own Consumption |
0.3 |
905 |
0.4 |
904 |
0.4 |
962 |
0.5 |
1,007 |
1.6 |
3,778 |
|
Total |
276.7 |
703,759 |
285.5 |
709,083 |
326.1 |
785,512 |
410.3 |
818,118 |
1,298.5 |
3,016,471 |
4. Number of Consumer Units Serviced
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1,113,081 |
1,121,174 |
1,133,744 |
1,444,358 |
5. Network Expansion - number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
11,338 |
10,047 |
13,792 |
12,881 |
48.058 |
6. Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
81 |
81 |
83 |
83 |
83 |
7. Fuel used to produce electricity- N/A
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
13.01 |
12.76 |
12.49 |
17.26 |
13.51 |
17.07 |
12.52 |
18.77 |
12.42 |
16.92 |
|
214 |
|
|
9. Extension of distribution lines – Km
|
4Q14 |
|
87,500 |
10. DEC- Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
12.11 |
18.09 |
25.91 |
32.96 |
32.96 |
11. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
6.36 |
11.08 |
15.24 |
20.58 |
20.58 |
12. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
386.37 |
392.61 |
365.06 |
355.99 |
355.99 |
13. Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
338.46 |
346.44 |
360.87 |
442.19 |
371.99 |
14. Main investments – R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 Budget |
|
Distribution |
|
|
|
|
|
|
|
Rural Distribution Network Expansion - Light for All Program |
10.2 |
10.9 |
11.5 |
7.3 |
39.9 |
112.1 |
|
Urban Distribution Network Expansion |
6.5 |
5.1 |
2.9 |
5.5 |
20.1 |
125.9 |
|
Distribution System Maintenance |
9.5 |
8.8 |
9.4 |
10.3 |
37.9 |
76.6 |
|
Renovation and Adequacy of Commercial and Distribution System |
9.3 |
6.1 |
7.7 |
7.3 |
30.4 |
78.5 |
|
Others |
- |
- |
- |
|
|
34.5 |
|
Maintenance of Assets |
0.6 |
0.2 |
1.8 |
1.5 |
4.1 |
8.0 |
|
Total |
36.1 |
31.2 |
33.3 |
31.8 |
132.4 |
435.6 |
15.New Investments –N/A
16. Loans and financing – R$ million
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due |
Index |
|
BB |
0.399 |
0.103 |
- |
- |
2014 |
IGPM + 8.46% p.y. |
|
Eletrobras |
811.142 |
863.708 |
911.466 |
1,020.658 |
2027 |
FINEL/RGR + 5% p.y. RO + 11.4% p.y. |
|
Morgan |
7.758 |
7.320 |
8.166 |
8.840 |
2024 |
Dollar + 6% p.y. |
|
CEF |
- |
- |
28.472 |
29.063 |
2026 |
7% p.y. |
|
215 |
|
|
17. Contract obligations – 12.31.14
|
Loans and financing R$ million |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
330.198 |
155.695 |
109.320 |
50.947 |
25.621 |
10.547 |
376.233 |
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
R$ million |
454,298.74 |
478,566.49 |
402,330.76 |
402,330.75 |
402,330.76 |
402,330.75 |
6,839,622.92 |
|
MWh |
3,955,770 |
4,073,356 |
3,583,525.32 |
3,583,525.32 |
3,583,525.32 |
3,583,525.32 |
60,919,930.44 |
18. Default – more than 90 days – 12.31.13
|
Class |
R$ Million |
|
State utilities |
|
|
Industrial |
7.8 |
|
Residential |
29.6 |
|
Commercial |
21.3 |
|
Rural |
5.7 |
|
Public Utilities |
4.3 |
|
Public Ilumination |
1.0 |
|
Public Service |
88.3 |
|
Others |
8.7 |
|
Total |
166.7 |
19. Number of employees
19.1. By tenure
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
406 |
405 |
399 |
301 |
|
6 to 10 |
01 |
01 |
01 |
94 |
|
11 to 15 |
- |
- |
- |
- |
|
16 to 20 |
01 |
01 |
01 |
01 |
|
21 to 25 |
07 |
06 |
06 |
06 |
|
beyond 25 |
548 |
546 |
546 |
536 |
|
Total |
963 |
959 |
953 |
938 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
62 |
59 |
62 |
58 |
|
6 to 10 |
01 |
01 |
02 |
10 |
|
11 to 15 |
- |
- |
- |
- |
|
16 to 20 |
- |
- |
- |
- |
|
21 to 25 |
07 |
06 |
06 |
06 |
|
beyond 25 |
139 |
139 |
139 |
136 |
|
Total |
209 |
205 |
209 |
210 |
|
216 |
|
|
19.2.By region
|
State |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Piauí |
1,172 |
1,164 |
1,162 |
1,148 |
19.3.By departments
|
Department |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
601 |
598 |
598 |
591 |
|
Administrative |
571 |
566 |
564 |
557 |
20.Complementary work force
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1,267 |
1,356 |
1,538 |
1,624 |
21.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.38 |
0.47 |
0.43 |
0.69 |
1.88 |
|
217 |
 |
Balance Sheet
(R$ thousands)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
|
|
|
|
Availabilities |
4,525 |
40,894 |
|
Clients (Consumers and Resellers) |
181,900 |
176,690 |
|
Marketable Securities |
17,974 |
- |
|
Fiscal Asset Deferred (taxes and Contributions) |
10,225 |
10,894 |
|
Income Tax and Social Contribution |
- |
- |
|
Reimbursement Rights – CCC (12,111 law) |
34,224 |
122,530 |
|
Linked Deposits |
446 |
1,193 |
|
Stored Material |
18,124 |
4,147 |
|
Financial Asset – Indemnitiable Concessions |
47,065 |
- |
|
Others |
15,506 |
44,901 |
|
Current Asset Total |
329,989 |
401,249 |
|
|
|
|
|
Non-Current Assets |
|
|
|
|
|
|
|
Clients (Consumers and Resellers) |
27,723 |
25,873 |
|
Fiscal Asset Deferred (taxes and Contributions) |
8,736 |
10,132 |
|
Reimbursement Rights – CCC (12,111 Law) |
2,846,332 |
1,284,429 |
|
Linked Deposits |
69,146 |
60,306 |
|
Financial Asset – Annual Allowed revenue (transmission) |
776,057 |
610,949 |
|
Others |
3,909 |
4,269 |
|
Advance for equity participation |
- |
- |
|
|
3,731,903 |
1,995,958 |
|
Investments |
1,806 |
1,806 |
|
Fixed Asset |
29,441 |
30,416 |
|
Intangible |
59,035 |
84,160 |
|
|
|
|
|
Non-Current Assets Total |
3,822,185 |
2,112,340 |
|
Total Assets |
4,152,174 |
2,513,589 |
|
218 |
|
|
|
Liabilities and Stockholders Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Suppliers |
630,141 |
481,590 |
|
Loans and Financing |
98,396 |
122,261 |
|
Taxes and Social Contribution |
37,924 |
35,810 |
|
Income tax and Social Contribution |
6,480 |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
11,238 |
10,653 |
|
Clients Advance |
- |
- |
|
Remuneration to Shareholders (dividends to pay) |
- |
- |
|
Estimated Obligations |
18,073 |
21,240 |
|
Provisions for Contingencies |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
- |
- |
|
Leasing |
- |
- |
|
Onerous Contracts |
- |
- |
|
Sectorial Charges (regulatory taxes) |
9,565 |
5,970 |
|
Incentive to personnel retirement |
- |
- |
|
Others |
30,889 |
35,128 |
|
Current Liabilities Total |
842,706 |
712,652 |
|
|
|
|
|
Non-Current Liabilities |
|
|
|
Suppliers |
967,919 |
- |
|
Loans and Financing |
593,696 |
359,548 |
|
Taxes and Social Contribution |
3,595 |
3,468 |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
139,647 |
134,745 |
|
Advance of clients |
- |
- |
|
Provision for contingencies |
131,471 |
118,236 |
|
Provision for onerous contracts |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
- |
- |
|
Sectorial Charges (regulatory charges) |
33,249 |
31,523 |
|
Advance for future capital increase |
245 |
233 |
|
Others |
1,335,580 |
1,341,838 |
|
Non-Current Liabilities Total |
3,205,402 |
1,989,591 |
|
|
|
|
|
|
|
|
|
Stockholders Equity |
|
|
|
Social Capital |
1,325,124 |
1,325,124 |
|
Capital Reserves |
- |
- |
|
Profit Reserves |
- |
- |
|
Additional proposed Dividend |
- |
- |
|
Acccumulated Profit/Losses |
-1,221,058 |
-1,513,778 |
|
Other comprehensive income |
- |
- |
|
Non-controlling shareholders participation |
- |
- |
|
Stockholders Equity Total |
104,066 |
-188,654 |
|
|
|
|
|
Total Liabilities and Stockholders Equity |
4,152,174 |
2,513,589 |
|
219 |
|
|
Statement of Income
(R$ thousands)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenue |
|
|
|
Electric Energy Supply - Distribution |
1,330,988 |
1,116,293 |
|
Construction Revenue - Distribution |
166,360 |
217,309 |
|
Other Operating Revenue |
188,713 |
54,680 |
|
Deductions of Revenue |
-377,122 |
-318,589 |
|
Net Operating Revenue |
1,308,939 |
1,069,693 |
|
|
|
|
|
Operational Costs |
|
|
|
Electric Energy purchased for resale |
-444,383 |
-597,419 |
|
Construction Cost |
-166,360 |
-217,309 |
|
|
|
|
|
Operational Expenses |
|
|
|
Personnel, Material and third-part related service |
-251,049 |
-252,503 |
|
Charges on electric network usage |
-14,674 |
-12,608 |
|
Depreciation and Amortization |
-34,182 |
-31,137 |
|
Donations and Contributions |
-394 |
-282 |
|
Provisions |
1,583 |
-7,358 |
|
Others |
14,490 |
-229,901 |
|
Operational Costs and Expenses |
-894,969 |
-1,348,517 |
|
|
|
|
|
Operating Result before Financial Result |
413,970 |
-278,824 |
|
|
|
|
|
Financial Result |
-99,347 |
-44,326 |
|
Result before Income tax and Social Contribution |
314,623 |
-323,150 |
|
|
|
|
|
Current Income tax and social Contribution |
-21,903 |
- |
|
Deferred Income tax and Social Contribution |
- |
- |
|
Net Result of the Period |
292,720 |
-323,150 |
|
220 |
|
|
Cash Flow
(thousands reais)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
314,623 |
-313,912 |
|
Depreciation and amortization |
34,182 |
31,137 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
5,321 |
14,668 |
|
Financing charges |
61,603 |
33,514 |
|
Equity Method |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
-6,524 |
-78,367 |
|
Provisions for contingencies |
7,203 |
8,587 |
|
Provision for staff realignment |
0 |
5,945 |
|
Provision for impairment of assets |
0 |
88,245 |
|
Provision for losses with onerous contracts |
0 |
-131,200 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
0 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
57,991 |
280,296 |
|
Variation in operating assets / liabilities |
-482,642 |
-56,041 |
|
Net cash from operating activities |
-8,243 |
-117,128 |
|
|
||
|
Financing charges – payment |
-36,141 |
-34,354 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
0 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
-1,972 |
91,578 |
|
Net cash from Operational activities |
-46,356 |
-59,904 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
474,430 |
227,669 |
|
Loans and financing payable - principal |
-294,729 |
-20,128 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Refinancing of taxes and contributions payment - principal |
0 |
0 |
|
Capital increase - receivable |
0 |
43,000 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
179,701 |
250,541 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-820 |
-6,630 |
|
Intangible acquisition |
-7,262 |
-16,117 |
|
Intangible acquisition - Concession |
-161,632 |
-202,328 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
0 |
|
Others |
0 |
0 |
|
Net Cash from investment activities |
-169,714 |
-225,075 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-36,369 |
-34,438 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
40,894 |
75,332 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
4,525 |
40,894 |
|
. |
-36,369 |
-34,438 |
|
221 |
|
|
Marketletter
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a net profit 913.1% higher than that registered in the previous quarter, from a loss of R$ 35.1 million in 3Q14 to a R$ 285.4 million profit in 4Q14, mainly due to the following factors described.
Operating Revenue
The revenues of the company increased by 52.4%, from R$ 300.0 million in 3Q14 to R$ 457.1 million in 4Q14, mainly due to the recognition of regulatory assets (CVA) as OCPC 08.
Operating Expenses
The personnel expenses, material and services decreased by 8.5%, from R$ 66.3 million in 3Q14 to R$ 60.7 million in 4Q14, mainly due to adjustments made in previous quarter
The electric energy purchased for resale decreased by 61.3% from R$ 182.8 million in 3Q14 to R$ 70.8 million in 4Q14, mainly due to the power purchase agreement with Termonorte II. In this quarter, as the company consumed less energy than had hired, there was compensation in the amounts of purchased energy.
The operational provisions decreased by 543.4%, from a provision of R$ 2.6 million in 3Q14, to a reversal of R$ 11.7 million in 4Q14, mainly due to the reversal of provision of doubtful credits.
The other operating expenses decreased by 470.8% from an expense of R$ 25.2 million in 3Q14 to a R$ 93.5 million in 4Q14, mainly due to reimbursement of the cost of amounts non-compensated ICMS and PIS / PASEP and COFINS, in the fuel purchase transaction.
Financial Result
The other financial income increased by 1,628%, from R$ 1.9 million in 3Q14 to R$ 33.8 million in 4Q14, mainly due to interest accrual of credits with the CCC funding.
The other financial expenses increased by 925.7%, from R$ 9.0 million in 3Q14 to R$ 92.4 million in 4Q14, mainly due to debt interest with Petrobras.
|
222 |
|
|
Market Data
1. Generation Assets and Energy generated
Own assets
|
Plant |
Installed Capacity (MW) |
Guaranteed energy (MW Avg) |
Energy Generated (MWh) |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||
|
SHU – Rio Vermelho |
2.6 |
2.0 |
5,075.3 |
2,536.19 |
- |
1,238.17 |
8,849.66 |
|
Plant |
Location (State) |
Beginning of Operation |
End of Operation |
|
SHU – Rio Vermelho |
RO |
11/1986 |
Under Operation |
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras (SIN) |
MWh |
556,127 |
591,913 |
761,389 |
665,548 |
2,574,977 |
|
R$ million |
85.1 |
29.5 |
160.8 |
31.3 |
306.7 | |
|
Others |
MWh |
361,846 |
385,089 |
284,023 |
349,034 |
1,379,992 |
|
R$ million |
55.4 |
19.1 |
59.3 |
16.9 |
150.7 | |
|
Total |
MWh |
917,973 |
977,002 |
1,045,412 |
1,014,582 |
3,954,969 |
|
R$ million |
140.5 |
48,6 |
220.1 |
48.2 |
457.4 |
3. Energy sold
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
138.6 |
275,766 |
141.2 |
278,24 |
149.3 |
295,371 |
157.4 |
308,068 |
586.4 |
1,157,444 |
|
Industrial |
45.6 |
122,601 |
48.1 |
135,01 |
44.7 |
133,343 |
49.4 |
134,708 |
187.8 |
525,662 |
|
Commercial |
72.5 |
147,073 |
73.7 |
152,843 |
78.5 |
163,919 |
81.5 |
168,541 |
306.2 |
632,376 |
|
Rural |
22.0 |
68,029 |
23.2 |
69,498 |
24.4 |
74,409 |
24.5 |
73,739 |
94.1 |
285,676 |
|
Public Utilities |
20.0 |
44,629 |
22.7 |
51,728 |
24.5 |
56,57 |
24.1 |
55,563 |
91.3 |
208,49 |
|
Public Ilumination |
3.7 |
33,435 |
3.8 |
31,896 |
3.9 |
32,237 |
3.8 |
32,324 |
15.1 |
129,892 |
|
Public Service |
8.7 |
11,761 |
8.8 |
12,129 |
8.7 |
12,319 |
8.9 |
12,34 |
35.1 |
48,549 |
|
Own Consumption |
0.4 |
900 |
0.5 |
1,073 |
0.5 |
989 |
0.5 |
1,003 |
1.9 |
3,966 |
|
Total |
311.5 |
704,195 |
322.0 |
732,417 |
334.5 |
769,158 |
350.1 |
786,286 |
1,318 |
2,992,056 |
4. Number of Consumer Units Serviced
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
567,612 |
569,867 |
575,356 |
580,859 |
5. Network Expansion - number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
5,531 |
6,153 |
6,976 |
8,715 |
27,375 |
6. Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
57 |
57 |
57 |
57 |
57 |
|
223 |
|
|
7. Fuel used to produce electricity
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million |
Amount |
R$ Million | ||
|
Diesel oil |
Litre |
126,011.5 |
310.99 |
133,118.5 |
319.90 |
116,708.0 |
296.48 |
127,997.0 |
345.94 |
493,835,000 |
1,273.31 |
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
11.15 |
11.27 |
11.15 |
12.04 |
11.15 |
12.75 |
11.15 |
10.13 |
11.15 |
12.09 |
9. Extension of distribution lines
|
4Q14 |
|
57,129 |
10. DEC- Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
6.82 |
10.80 |
17.15 |
28.79 |
28.79 |
11. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
6.23 |
10.49 |
16.71 |
24.52 |
24.52 |
12. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
238.39 |
229.43 |
231.84 |
258.27 |
258.27 |
13. Average price – R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
352.49 |
336.94 |
350.83 |
355.50 |
348,94 |
14. Main investments – R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 Budget |
|
Distribution |
|
|
|
|
|
|
|
Rural Expansion of distribution - Light for All Project |
0.43 |
1.13 |
0.02 |
0.15 |
1.73 |
100.00 |
|
Expansion of Urban distribution |
24.58 |
26.23 |
26.99 |
21.11 |
98.91 |
268.02 |
|
Maintenance of the distribution system |
17.78 |
8.09 |
9.66 |
12.28 |
47.81 |
38.73 |
|
Isolated system - energy |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Renovation – Distribution and Comercialization System |
2.69 |
4.48 |
5.21 |
4.12 |
16.50 |
89.77 |
|
Others |
|
|
|
|
|
|
|
Maintenance and Adjustment of property / IT assets |
0.55 |
2.72 |
1.11 |
0.22 |
4.60 |
11.02 |
|
Total |
46.03 |
42.65 |
42.99 |
37.88 |
169.55 |
507.54 |
|
224 |
|
|
16. Loans and financing – R$ million
|
Creditor |
Balance 03.31.14 |
Balance 06.30.14 |
Balance 09.30.14 |
Balance 12.31.14 |
Due |
Index |
|
Eletrobras |
512.1 |
554.7 |
630.8 |
695.5 |
2025 |
IPCA/FINEL/RGR + 5 % py. |
17. Contract obligations - 12.31.14
|
Loans and financing R$ million |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
99.8 |
118.8 |
117.8 |
66.8 |
49.4 |
37.3 |
205.6 |
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
R$ million |
702.267 |
780.914 |
842.551 |
1,060.572 |
1,124.206 |
1,190.593 |
4,016.843 |
|
MWh |
4,661,341 |
4,889,967 |
4,977,287 |
5,910,592 |
5,910,592 |
5,905,307 |
17,731,776 |
18.Default
|
Class |
R$ million |
|
Residential |
13.5 |
|
Industrial |
17.6 |
|
Commercial |
8.2 |
|
Rural |
4.0 |
|
Public Utilities |
6.0 |
|
Public Ilumination |
7.1 |
|
Public Service |
15.4 |
|
Others |
- |
|
Total |
71.8 |
19.Number of employees
19.1.By tenure
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
138 |
136 |
142 |
133 |
|
6 to 10 |
159 |
162 |
146 |
150 |
|
11 to 15 |
01 |
- |
- |
- |
|
16 to 20 |
39 |
41 |
39 |
36 |
|
21 to 25 |
36 |
36 |
35 |
37 |
|
beyond 25 |
201 |
200 |
185 |
185 |
|
Total |
574 |
575 |
547 |
541 |
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
22 |
22 |
25 |
21 |
|
6 to 10 |
63 |
58 |
60 |
58 |
|
11 to 15 |
2 |
2 |
2 |
02 |
|
16 to 20 |
6 |
4 |
6 |
04 |
|
21 to 25 |
8 |
26 |
8 |
07 |
|
beyond 25 |
98 |
81 |
113 |
95 |
|
Total |
199 |
193 |
214 |
187 |
|
225 |
|
|
19.2.By region
|
State |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Rondônia |
773 |
768 |
761 |
728 |
19.3.By departments
|
Department |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
574 |
575 |
547 |
541 |
|
Administrative |
199 |
193 |
214 |
187 |
20.Complementary work force
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
1,140 |
1,140 |
1,195 |
1,055 |
21.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
0.38 |
0.26 |
0.52 |
0.85 |
1.99 |
|
226 |
 |
Balance Sheet
(R$ thousands)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
|
|
|
|
Availabilities |
7,286 |
7,501 |
|
Clients (Consumers and Resellers) |
51,871 |
69,505 |
|
Marketable Securities |
- |
- |
|
Fiscal Asset Deferred (taxes and Contributions) |
8,796 |
5,116 |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Rights – CCC (12,111 Law) |
146,857 |
56,864 |
|
Linked Deposits |
- |
- |
|
Stored Material |
1,709 |
1,731 |
|
Financial Asset – Indemnitiable Concessions |
469 |
- |
|
Others |
12,590 |
7,133 |
|
Current Asset Total |
229,578 |
147,850 |
|
|
|
|
|
Non-Current Assets |
|
|
|
|
|
|
|
Clients (Consumers and Resellers) |
3,502 |
4,920 |
|
Fiscal Asset Deferred (taxes and Contributions) |
1,792 |
7,812 |
|
Reimbursement Rights – CCC (12,111 Law) |
66,185 |
- |
|
Linked Deposits |
17,937 |
16,464 |
|
Financial Asset – Annual Allowed revenue (transmission) |
172,523 |
146,160 |
|
Others |
3,197 |
1,575 |
|
Advance for equity participation |
- |
- |
|
|
265,136 |
176,931 |
|
Investments |
0 |
0 |
|
Fixed Asset |
11,746 |
11,449 |
|
Intangible |
19,086 |
7,299 |
|
|
|
|
|
Non-Current Assets Total |
295,968 |
195,679 |
|
Total Assets |
525,546 |
343,529 |
|
227 |
|
|
|
Liabilities and Stockholders’ Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Suppliers |
228,317 |
147,485 |
|
Loans and Financing |
7,905 |
7,743 |
|
Taxes and Social Contribution |
6,446 |
4,524 |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
- |
- |
|
Advance from clients |
- |
- |
|
Remuneration to Shareholders (dividends to pay) |
- |
- |
|
Estimated Obligations |
15,161 |
17,761 |
|
Provisions for Contingencies |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
- |
- |
|
Onerous Contracts |
- |
- |
|
Concessions to pay - UBP |
- |
- |
|
Sectorial Charges (regulatory taxes) |
- |
- |
|
Incentive to personnel retirement |
- |
- |
|
Others |
45,614 |
3,948 |
|
Current Liabilities Total |
303,443 |
181,461 |
|
|
|
|
|
Non-Current Liabilities |
|
|
|
Suppliers |
128,541 |
- |
|
Loans and Financing |
36,543 |
17,495 |
|
Taxes and Social Contribution |
- |
- |
|
Income tax and Social Contribution |
- |
- |
|
Reimbursement Obligations – CCC (12,111 law) |
57,209 |
55,066 |
|
Advance from clients |
- |
- |
|
Estimated Obligations |
198 |
- |
|
Provision for contingencies |
47,713 |
21,912 |
|
Provision for onerous contract |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
2,851 |
1,053 |
|
Sectorial Charges (regulatory charges) |
- |
- |
|
Advance for future capital increase |
- |
- |
|
Others |
18,774 |
58,248 |
|
Non-Current Liabilities Total |
291,829 |
153,774 |
|
|
|
|
|
|
|
|
|
Stockholders Equity |
|
|
|
Social Capital |
684,204 |
684,204 |
|
Capital Reserves |
- |
- |
|
Profit Reserves |
- |
- |
|
Additional proposed Dividend |
- |
- |
|
Acccumulated Profit/Losses |
-750,425 |
-674,534 |
|
Other comprehensive income |
-3,505 |
-1,376 |
|
Non-controlling shareholders participation |
- |
- |
|
Stockholders’ Equity Total |
-69,726 |
8,294 |
|
|
|
|
|
Total Liabilities and Stockholders’ Equity |
525,546 |
343,529 |
|
228 |
|
|
Statement of Income
(R$ thousands)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenue |
|
|
|
Supply |
- |
29,147 |
|
Electric Energy Supply - Distribution |
240,293 |
194,384 |
|
Construction Revenue - Distribution |
15,046 |
14,648 |
|
Other Operating Revenue |
9,378 |
4,715 |
|
Deductions of Revenue |
-57,618 |
-53,237 |
|
Net Operating Revenue |
207,099 |
189,657 |
|
|
|
|
|
Operational Costs |
|
|
|
Electric Energy purchased for resale |
-97,966 |
-101,830 |
|
Charges on electric network usage |
- |
- |
|
Construction Cost |
-15,046 |
-14,648 |
|
Fuel |
-23,230 |
-14,933 |
|
|
|
|
|
Operational Expenses |
|
|
|
Personnel, Material and third-part related service |
-85,786 |
-88,474 |
|
Depreciation and Amortization |
-9,395 |
-8,899 |
|
Donations and Contributions |
- |
- |
|
Provisions |
-32,708 |
65,922 |
|
Others |
-7,006 |
-2,983 |
|
Operating Costa and Expenses |
-271,137 |
-165,845 |
|
|
|
|
|
Operating Result before Financial Result |
-64,038 |
23,812 |
|
|
|
|
|
Financial Result |
-11,853 |
5,333 |
|
Result before Income tax and Social Contribution |
-75,891 |
29,145 |
|
|
|
|
|
Current Income tax and social Contribution |
- |
- |
|
Deferred Income tax and Social Contribution |
- |
- |
|
Net Result of the Period |
-75,891 |
29,145 |
|
229 |
|
|
Cash Flow
(thousands of reais)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
-51,689 |
53,253 |
|
Depreciation and amortization |
9,395 |
9,306 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
0 |
0 |
|
Financing charges |
4,214 |
2,695 |
|
Equity Method |
0 |
0 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
29,932 |
-49,771 |
|
Provisions for contingencies |
4,756 |
1,455 |
|
Provision for staff realignment |
0 |
0 |
|
Provision for impairment of assets |
0 |
0 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
0 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
-23,217 |
-24,578 |
|
Variation in operating assets / liabilities |
30,136 |
33,770 |
|
Net cash from operating activities |
3,527 |
26,130 |
|
|
||
|
Financing charges – payment |
-2,409 |
-2,495 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
0 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
0 |
0 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
0 |
0 |
|
Net cash from Operational activities |
1,118 |
23,635 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
45,122 |
9,142 |
|
Loans and financing payable - principal |
-27,717 |
-3,289 |
|
Payment of Shareholders remuneration |
0 |
0 |
|
Refinancing of taxes and contributions payment - principal |
0 |
0 |
|
Capital increase - receivable |
0 |
0 |
|
Others |
0 |
0 |
|
Net cash from financing activities |
17,405 |
5,853 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-12,247 |
-1,173 |
|
Intangible acquisition |
-4,770 |
-2,370 |
|
Concession Asset Acquisition |
-1,722 |
-33,184 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
0 |
0 |
|
Others |
0 |
0 |
|
Net Cash from investment activities |
-18,739 |
-36,727 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-216 |
-7,239 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
7,502 |
14,741 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
7,286 |
7,502 |
|
, |
-216 |
-7,239 |
|
230 |
|
|
Analysis of the result
4Q14 x 3Q14
The Company presented in 4Q14 a result 80% higher than that registered in the previous quarter, from a loss of R$ 25.9 million in 3Q14 to a loss of R$ 5.2 million in 4Q14, mainly due to the factors described below.
Operating Revenue
In Generation:
The electric energy supply for distributors increased by 85.1%, from R$ 5.8 million in 3Q14 to R$ 10.7 million in 4Q14, mainly due to the average increase of 16.95% in energy sales in 4Q14 and the adjustment in the sale of energy in previous quarters.
In Distribution:
The supply of electric energy increased by 27.6%, from R$ 49.2 million in 3Q14 to R$ 62.7 million in 4Q14, mainly due to the average increase of 16.95% in energy sales in 4Q14, the influence of charge two malls opened in the service area in 4Q14.
Operating Expenses
The personnel expenses, materials and third-part related service ncreased by 22.5%, from R$ 19.3 million in 3Q14 to R$ 23.7 million in 4Q14, mainly due to the hiring of new employees and hiring services data processing maintenance.
The fuel used for electric network production net in CCC increased by 67.2% from $ 5.0 million in 3Q14 to R$ 8.4 million in 4Q14, mainly due to the increase of own generation due to reduction of energy purchased for resale from Venezuela.
The operational provisions increased by 80%, from R$ 8.9 million in 3Q14 to R$ 16.0 million in 4Q14, mainly due to the provision for doubtful credits of R$ 5.1 million and other provisions in R$ 2 million.
The others operating expenses decreased by 4,177.1%, from an expense of R$ 0.5 million in 3Q14, to a R$ 21.0 million in 4Q14, mainly due to the reversal of the impairment in the amount of R$ 23.4 million.
Financial Result
The debt charges increased by 647.8%, from R$ 0.3 million in 3Q14 to R$ 2.1 million in 4Q14, mainly due to the entry of new loan and financing contracts from Eletrobras.
The others revenues and net financial expenses decreased by 726.9%, from an expense of R$ 0.2 million in 3Q14 to an expense of R$ 1.9 million in 4Q14, mainly due to the correction of receivables amounts from reimbursement of CCC registered in 4Q14.
|
231 |
|
|
Market Data
1. Generation Assets and Energy generated (IPPs contract)
|
Plant |
InstalledCapacity (MW) |
Energy generated (MWh) |
Beginning of Operation |
End of Concession | ||||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | ||||
|
Floresta |
40MW |
15.924 |
16.393 |
16.001 |
27.150 |
75.468 |
Apr/2010 |
Apr/2015 |
|
Distrito |
20MW |
15.952 |
19.943 |
19.251 |
28.300 |
83.446 |
Apr/2010 |
Apr/2015 |
2. Electric energy purchased for resale
|
System |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
Eletrobras |
MWh |
199,305 |
202,663 |
213,744 |
217,803 |
833,515 |
|
R$ million |
40.5 |
40.5 |
43.0 |
44.8 |
168.9 | |
|
Others |
MWh |
- |
- |
- |
|
|
|
R$ million |
- |
- |
- |
|
| |
|
Total |
MWh |
199,305 |
202,663 |
213,744 |
217,803 |
833,515 |
|
R$ million |
40.5 |
40.5 |
43.0 |
44.8 |
168.9 |
3. Energy sold
|
Distribution to |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh |
R$ million |
MWh | |
|
Residential |
29.0 |
89,889 |
29.0 |
91,183 |
28.7 |
89,634 |
35.1 |
102,26 |
121.8 |
372,966 |
|
Industrial |
1.3 |
3,566 |
1.4 |
4,189 |
1.4 |
4,24 |
1.5 |
4,53 |
5.6 |
16,525 |
|
Commercial |
11.9 |
38,258 |
11.9 |
38,499 |
12.2 |
39,862 |
14.8 |
45,093 |
50.8 |
161,713 |
|
Rural |
1.3 |
5,273 |
0.8 |
2,972 |
0.8 |
3,08 |
1.3 |
5,286 |
4.3 |
16,611 |
|
Public Utilities |
11.1 |
18,294 |
6.4 |
22,105 |
6.2 |
21,475 |
7.4 |
22,934 |
31.1 |
84,808 |
|
Public Ilumination |
0.9 |
6,624 |
0.9 |
7,156 |
0.9 |
7,168 |
1.2 |
7,215 |
3.8 |
28,163 |
|
Public Service |
1.1 |
4,642 |
1.2 |
4,665 |
1.8 |
5,054 |
1.4 |
5,318 |
5.5 |
19,679 |
|
Own Consumption |
0.2 |
290 |
0.1 |
280 |
0.2 |
287 |
0.2 |
316 |
0.6 |
1,173 |
|
Total |
56.7 |
166,836 |
51.7 |
171,049 |
52.2 |
170,8 |
62.9 |
192,952 |
223.5 |
701,637 |
4. Number of Consumer Units Serviced
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
98,936 |
100,546 |
101,559 |
102,078 |
5. Network Expansion - number of new connections
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
3,602 |
1,820 |
2,000 |
1,650 |
9,072 |
6. Substations
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
03 |
03 |
03 |
03 |
03 |
7. Fuel used to produce electricity
|
Type |
Unit |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million |
Amount |
R$ million | ||
|
Diesel oil |
Litre/ million |
11.4 |
33.8 |
10.3 |
30.5 |
11.2 |
33.1 |
15.62 |
46.16 |
48.52 |
143.56 |
|
232 |
|
|
8. Losses - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 | |||||
|
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
Technical |
Commercial |
|
7.04 |
4.67 |
7.04 |
2.49 |
7.04 |
5.98 |
7.04 |
4.49 |
7.04 |
4.49 |
9. Extension of distribution lines – 09.30.13
|
4Q14 |
|
3,508 |
10. DEC- Duration of interruptions - in hours
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
2.28 |
4.36 |
7.53 |
14.70 |
14.70 |
11. FEC – Frequency of interruptions – Number of outages
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
3.92 |
6.33 |
10.94 |
19.83 |
19.83 |
12. TMA – Average response time – in minutes
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
76.06 |
80.57 |
84.74 |
88.65 |
88.65 |
13. Average price– R$/MWh
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
263.957 |
260.831 |
260.965 |
270.124 |
263.969 |
14. Main investments – R$ million
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
2014 Budget |
|
Distribution |
2.01 |
4.08 |
3.40 |
6.42 |
15.90 |
32.78 |
|
Expansion of Urban Distribution (Light for All Program) |
- |
- |
0.11 |
0 |
0.11 |
0.8 |
|
Expansion of Urban Distribution (regular) |
1.13 |
0.99 |
1.62 |
3.06 |
6.81 |
16.5 |
|
Maintenance of energy distribution system |
0.65 |
1.23 |
1.00 |
1.14 |
4.00 |
6.76 |
|
Modernization and adaptation of energy distribution and Energy trading system |
0.23 |
1.86 |
0.67 |
2.22 |
4.98 |
8.72 |
|
Others |
0.02 |
0.17 |
0.24 |
4.43 |
4.86 |
12.74 |
|
Maintenance and adjustment of property |
- |
- |
- |
- |
- |
0.89 |
|
Maintenance and adjustment of goods |
- |
- |
0.24 |
0.66 |
0.90 |
4.42 |
|
Maintenance and adjustment of thechnological activity |
0.02 |
0.17 |
- |
3.77 |
3.96 |
7.43 |
|
Total |
2.03 |
4.25 |
3.64 |
10.85 |
20.76 |
45.52 |
15. New Investments
|
Project |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 Budget |
|
Extension of Urban Network Distribution |
1.13 |
0.99 |
1.62 |
3.06 |
16.5 |
|
233 |
|
|
16. Loans and financing – R$ million
|
Creditor |
Balance on 03.31.14 |
Balance on 06.30.14 |
Balance on 09.30.14 |
Balance on 12.31.14 |
Date Due |
Index |
|
Eletrobras |
23.48 |
41.27 |
38.78 |
42.42 |
Up to 2019 |
According to ECF (Diverses) |
17.Contract obligations –12.31.14
|
Loans and financing R$ million |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
21.78 |
4.06 |
1.76 |
1.82 |
2.25 |
2.01 |
3.98 |
|
Energy Purchase Contracts |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
After 2020 |
|
R$ million |
284.9 |
338.4 |
386.9 |
474.1 |
525.5 |
581.1 |
7.222 |
|
MWh |
953 |
1,032 |
1,093 |
1,155 |
1,216 |
1,278 |
13,398 |
18. Default
|
Class |
R$ million |
|
State utilities |
12.35 |
|
Industrial |
0.04 |
|
Residential |
0.51 |
|
Commercial |
0.13 |
|
Others |
25.54 |
|
Total |
38.56 |
19.Number of employees
19.1.By tenure
Distribution
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
18 |
13 |
31 |
33 |
|
6 to 10 |
60 |
43 |
39 |
39 |
|
11 to 15 |
- |
23 |
24 |
24 |
|
16 to 20 |
- |
1 |
- |
- |
|
21 to 25 |
25 |
13 |
- |
- |
|
beyond 25 |
33 |
40 |
56 |
56 |
|
Total |
136 |
133 |
150 |
152 |
|
234 |
|
|
Administration
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
10 |
07 |
12 |
12 |
|
6 to 10 |
86 |
42 |
43 |
43 |
|
11 to 15 |
- |
43 |
43 |
43 |
|
16 to 20 |
- |
2 |
1 |
01 |
|
21 to 25 |
9 |
9 |
3 |
03 |
|
beyond 25 |
19 |
19 |
24 |
23 |
|
Total |
124 |
122 |
126 |
125 |
19.2.By region
|
State |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Roraima |
260 |
255 |
276 |
277 |
19.3.By departments
|
Department |
| |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
Field |
136 |
133 |
150 |
152 |
|
Administrative |
124 |
122 |
126 |
125 |
20.Complementary work force
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
269 |
267 |
267 |
197 |
21.Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
0.00 |
0.01 |
0.038 |
0.0072 |
|
235 |
 |
Balance Sheet
(R$ thousands)
|
Assets |
12.31.14 |
12.31.13 |
|
Current Assets |
|
|
|
|
|
|
|
Availabilities |
14,529 |
54,240 |
|
Clients (Consumers and Resellers) |
- |
- |
|
Loans and Financing |
- |
- |
|
Marketable Securities |
42,075 |
- |
|
Dividends to receive (remuneration of equity participation) |
552 |
1,211 |
|
Fiscal Asset Deferred (taxes and Contributions) |
2,518 |
1,803 |
|
Income tax and Social Contribution |
- |
- |
|
Linked Deposits |
- |
- |
|
Stored Material |
- |
- |
|
Financial Asset |
- |
- |
|
Others |
- |
- |
|
Current Asset Total |
59,674 |
57,254 |
|
|
|
|
|
|
|
|
|
Non-Current Assets |
|
|
|
|
|
|
|
Clients (Consumers and Resellers) |
- |
- |
|
Loans and Financing |
- |
- |
|
Marketable Securities |
- |
- |
|
Fiscal Asset Deferred (taxes and Contributions) |
2,741 |
- |
|
Income tax and Social Contribution |
- |
2,741 |
|
Linked Deposits |
51 |
48 |
|
Others |
- |
- |
|
Advance for equity participation |
- |
- |
|
|
2,792 |
2,789 |
|
|
|
|
|
Investments |
91,009 |
92,546 |
|
Fixed Asset |
57 |
28 |
|
Intangible |
19 |
19 |
|
|
|
|
|
Non-Current Assets Total |
93,877 |
95,382 |
|
Total Assets |
153,551 |
152,636 |
|
236 |
|
|
|
Liabilities and Stockholders Equity |
12.31.14 |
12.31.13 |
|
Current Liabilities |
|
|
|
Suppliers |
876 |
817 |
|
Loans and Financing |
- |
- |
|
Taxes and Social Contribution |
81 |
33 |
|
Income tax and Social Contribution |
53 |
- |
|
Derivatives |
- |
- |
|
Remuneration to Shareholders (dividends to pay) |
- |
801 |
|
Estimated Obligations |
211 |
220 |
|
Provisions for Contingencies |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
- |
- |
|
Leasing |
- |
- |
|
Onerous Contracts |
- |
- |
|
Others |
- |
- |
|
Current Liabilities Total |
1,221 |
1,871 |
|
|
|
|
|
Non-Current Liabilities |
|
|
|
Suppliers |
- |
- |
|
Loans and Financing |
- |
- |
|
Bonds |
- |
- |
|
Taxes and Social Contribution |
- |
- |
|
Income tax and Social Contribution |
11,428 |
8,860 |
|
Derivatives |
- |
- |
|
Estimated Obligations |
- |
- |
|
Provision for contingencies |
- |
- |
|
Provision for uncovered liabilities on invested companies |
- |
- |
|
Provision for onerous contract |
- |
- |
|
Post-Employment Benefit (Complementary Pension Fund) |
- |
- |
|
Sectorial Charges (regulatory charges) |
- |
- |
|
Advance for future capital increase |
- |
- |
|
Others |
- |
- |
|
Non-Current Liabilities Total |
11,428 |
8,860 |
|
|
|
|
|
|
|
|
|
Stockholders Equity |
|
|
|
Social Capital |
118,054 |
118,054 |
|
Capital Reserves |
- |
- |
|
Profit Reserves |
3,159 |
3,159 |
|
Additional proposed Dividend |
- |
2,401 |
|
Acccumulated Profit/Losses |
-2,944 |
- |
|
Other comprehensive income |
22,633 |
18,291 |
|
Non-controlling shareholders participation |
- |
- |
|
Stockholders Equity Total |
140,902 |
141,905 |
|
|
|
|
|
Total Liabilities and Stockholders Equity |
153,551 |
152,636 |
|
237 |
|
|
Statement of Income
(R$ thousands)
|
|
12.31.14 |
12.31.13 |
|
Operating Revenue |
|
|
|
Equity Participation Revenue |
10,521 |
2,976 |
|
Operating Revenue Total |
10,521 |
2,976 |
|
|
|
|
|
Operational Costs and Expenses |
|
|
|
Personnel, Material and third-part related service |
-3,195 |
-3,467 |
|
Depreciation and Amortization |
-20 |
-14 |
|
Donations and Contributions |
- |
- |
|
Provisions |
-13,935 |
1,712 |
|
Others |
-1,461 |
-2,681 |
|
Operating Costs and Expenses |
-18,611 |
-4,450 |
|
|
|
|
|
Operating Result before Financial Result |
-8,090 |
-1,474 |
|
|
|
|
|
Financial Result |
5,665 |
3,416 |
|
Result before Income tax and Social Contribution |
-2,425 |
1,942 |
|
|
|
|
|
Current Income tax and social Contribution |
-519 |
- |
|
Deferred Income tax and Social Contribution |
- |
-9 |
|
Net Result of the Period |
-2,944 |
1,933 |
|
238 |
|
|
Cash Flow
(thousands Reais)
|
Cash Flow |
12.31.14 |
12.31.13 |
|
OPERATING ACTIVITIES |
||
|
Result before income tax and social contribution |
-2,425 |
3,372 |
|
Depreciation and amortization |
20 |
13 |
|
Intangible Amortization – Distribution / Transmission |
0 |
0 |
|
Monetary and Exchange net variations |
0 |
0 |
|
Financing charges |
0 |
0 |
|
Equity Method Result |
-747 |
-679 |
|
Provision for uncovered liability |
0 |
0 |
|
Provision for credits of doubtful liquidation |
0 |
0 |
|
Provisions for contingencies |
0 |
-1,713 |
|
Provision for losses with Investments |
0 |
0 |
|
Provision for impairment of assets |
13,935 |
0 |
|
Provision for losses with onerous contracts |
0 |
0 |
|
Provision for Financial Asset loss |
0 |
0 |
|
Global reversal reserve charges |
0 |
0 |
|
Present value adjustment |
0 |
0 |
|
Minority Participation in Result |
0 |
0 |
|
Charges on shareholders funds |
0 |
0 |
|
Financial asset revenue by IRR |
0 |
0 |
|
Derivative financial instruments |
0 |
0 |
|
Others |
-4,769 |
0 |
|
Variation in operating assets / liabilities |
-40,435 |
-828 |
|
Net cash from operating activities |
-34,420 |
165 |
|
|
||
|
Financing charges – payment |
0 |
0 |
|
Payment of charges of global reversal reserve |
0 |
0 |
|
Financial charges receivable |
0 |
0 |
|
Remuneration from equity participation |
0 |
1,331 |
|
Financial asset revenue by AAR |
0 |
0 |
|
Financial Asset on receiving indemnities |
0 |
0 |
|
Payment of income tax and social contribution |
-519 |
-9 |
|
Complementary pension fund payment |
0 |
0 |
|
Lawsuits payment |
0 |
0 |
|
Legal deposits |
0 |
1,730 |
|
Net cash from Operational activities |
-34,939 |
3,216 |
|
|
||
|
FINANCING ACTIVITIES |
||
|
Loans and financing obtained |
0 |
0 |
|
Loans and financing payable - principal |
0 |
0 |
|
Payment of Shareholders remuneration |
-3,202 |
-12,775 |
|
Refinancing of taxes and contributions payment - principal |
0 |
0 |
|
Capital increase - receivable |
0 |
0 |
|
Others |
0 |
7 |
|
Net cash from financing activities |
-3,202 |
-12,768 |
|
|
||
|
INVESTMENT ACTIVITIES |
||
|
Fixed Asset acquisition |
-50 |
-14 |
|
Intangible acquisition |
0 |
0 |
|
Concession asset acquisition |
0 |
0 |
|
Advance for future capital increase |
0 |
0 |
|
Acquisition of equity participation investment |
-1,520 |
0 |
|
Others |
0 |
0 |
|
Net Cash from investment activities |
-1,570 |
-14 |
|
|
||
|
Increase (Decrease) in Cash and Cash Equivalents |
-39,711 |
-9,566 |
|
|
||
|
Cash and cash equivalents at beginning of the period – 12/31/13 |
54,240 |
63,804 |
|
Cash and cash equivalents at end of the period – 12/31/14 |
14,529 |
54,240 |
|
, |
-39,711 |
-9,564 |
|
239 |
|
|
Analysis of the Result
4Q14 x 3Q14
The Company presented in 4Q14 a profit 93.7% lower than the reported in the previous quarter, from a R$ 6.3 million profit in 3Q14 to a R$ 0.4 million profit in 4Q14.
Participation Equity Revenue
The Result of Investments in Equity decreased by 97.6%, from a gain of R$ 6.8 million in 3Q14 to a gain of R$ 0.2 million in 4Q14 due to reversal of provision for EMAE held in 3Q14.
|
240 |
|
|
Market Data
1. Investments
Company |
Type |
Amount |
Participation (%) |
|
CTEEP |
PN |
1,060,225 |
0.65 |
|
Eletropaulo |
PNB |
2,095,644 |
1.25 |
|
EMAE |
PN |
523,911 |
1.42 |
|
Energias do Brasil |
ON |
1,485,678 |
0.31 |
|
CPFL Energia |
ON |
1,703,600 |
0.18 |
2. Number of employees (including requested employees from other Eletrobras companies/excluding employees assigned to other Eletrobras companies)
2.1.By tenure
|
Composition of employees by tenure (Years) |
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
Up to 5 |
02 |
02 |
02 |
02 |
|
6 to 10 |
02 |
02 |
02 |
02 |
|
11 to15 |
- |
- |
- |
- |
|
16 to 20 |
- |
- |
- |
- |
|
21 to 25 |
- |
- |
- |
- |
|
Beyond 25 |
- |
- |
- |
- |
|
Total |
04 |
04 |
04 |
04 |
2.1.By region
|
State |
. | |||
|
1Q14 |
2Q14 |
3Q14 |
4Q14 | |
|
RJ |
04 |
04 |
04 |
04 |
3. Complementary work force
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
|
06 |
06 |
06 |
06 |
4. Turn-over - %
|
1Q14 |
2Q14 |
3Q14 |
4Q14 |
2014 |
|
- |
- |
- |
- |
- |
|
241 |
|
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
|
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.