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____
RELEVANT FACT |
CENTRAIS ELETRICAS BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26
1. The Agência Nacional de Energia Elétrica - ANEEL, through the Normative Resolution No. 589/2013 defined the criteria for calculating the New Replacement Value (NRV) for the Existing Transmission Assets on May 31, 2000 not yet depreciated (RBSE);
RELEVANT FACT |
Appraisal Reports | ||
Company |
Date |
R$ thousand |
Eletrosul |
07/14/2015 |
1,060,632 |
Chesf |
03/06/2015 |
5,627,200 |
Furnas |
05/21/2015 |
10,699,000 |
Eletronorte |
09/03/2015 |
2,926,000 |
Descriptive |
|
|
|
|
| |
Chesf |
Eletronorte |
Eletrosul |
Furnas |
CGTEE |
Total | |
Transmission |
||||||
Basic Network - existing services (RBSE) |
1,187,029 |
1,732,910 |
513,455 |
4,530,060 |
- |
7,963,454 |
RELEVANT FACT |
Approval by ANEEL | ||
Company |
Date |
R$ thousand |
Eletrosul |
07/14/2015 |
1,007,043 |
Furnas |
12/15/2015 |
8,999,520 |
Chesf |
08/03/2016 |
5,092,384 |
i. By the cost of capital corresponding to the assets, consisting of remuneration and depreciation, increased by the due tax as of the 2017 tariff process. The remuneration will be the result of the Weighted Average Capital Cost and depreciation, which will be paid according to life useful for each asset incorporated into the Regulatory Remuneration Basis;
ii.The capital cost not incorporated, from the extension of the concessions to the tariff process, will be adjusted for inflation and remunerated by the capital cost;
iii. As of the 2017 tariff process, the cost of capital will be remunerated by the Weighted Average Capital Cost for a period of eight years.
RELEVANT FACT |
7. In this way, on June 30, 2016, the Company made its estimate of the adjusted values of said credits, considering the conditions of the Ordinance MME No. 120/2016 and made the accounting register of such estimates as described on explanatory note n° 2.1 of 2Q16. In the case of Eletronorte, which still didn`t have, until the end of the work of the 2Q16 Financial Statement, the pleaded values approved by Aneel, it was considered as management's best estimate the preliminary inspection report issued by ANEEL.
8. Prior to the mentioned accounting in the 2Q16 Financial Statement, due to the complexity involved and the relevance of the values, the issue was discussed with the other affected companies of the sector, the Ministry of Mines and Energy, National Energy Agency, Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM), Committee of Accounting Pronouncements, IBRACON, Institute of independent auditors of Brazil – Abraconee, Brazilian Association of Accountants of the Electric Energy Sector and also to the respective independent auditors.
Rio de Janeiro, August 15, 2016.
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS | ||
By: |
/S/ Armando Casado de Araujo
|
|
Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.