Energias do Brasil SA and subsidiaries - EDP no Brasil | Investidores

4 - Regulatory assets and liabilities
EDP – ENERGIAS DO BRASIL S.A.
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 2009 AND 2008
(Amounts expressed in thousands of Reais, unless otherwise indicated)
A summary of the consolidated regulatory assets and liabilities contained in the Balance Sheet is presented as follows:
Consolidated
Current Noncurrent
Note 12/31/2009 12/31/2008 12/31/2009 12/31/2008
Consumers and concessionaires 5
Light for All Program 24,213
17,992
Other regulatory assets 41,923
46,524
29,569
15,246
Other credits 13
Loss of revenue - low income 61,791
53,927
Other 272
PIS and COFINS - rate Increase
Account for compensation in variation
5,793
of Installment "A" costs 7
Installment “A” 34,725
CVA - assets 113,722
81,871
43,608
94,563
Total regulatory assets 241,921
240,832
Suppliers 17
Free energy (37,416)
(5,343)
(-) Provision for losses - transfer of free energy
Account for compensation in variation
(221)
(283)
of Installment "A" costs 7
Installment “A” (36,351)
(21,078)
(-) CVA - liabilities
Tariff return
(11,241)
(43,615)
Tariff return - BRR 2003 (37,186)
Other accounts payable 13
Pis and Cofins from generators (1)
Revenue gains - low income (22,804)
(47,766)
Other regulatory liabilities (4,976)
(12,357)
Total regulatory liabilities (150,195) (130,443)
Total regulatory assets (-) liabilities 91,726
110,389
4.1 - Breakdown of the RTE ratified by ANEEL, representative of Installment “A”
Items Ratification Instrument
Number Amount ratified
Installment “A” Resolutions n.ºs 480/02,
481/02 and 01/04 99,704
Consolidated
Accumulated
compensation
RTE - Extraordinary tariff adjustment refers to the amounts applicable to each electricity distribution concessionaire,
through extraordinary tariff readjustment of 2.9% applicable to residential consumers (excepting those with a low income),
rural consumers and Street Lighting and of 7.9% for the other consumers, which was aimed to neutralize the effects of
loss of income at the distributors and to reimburse costs with free energy supplied at the generators, and to offset deficits
of unmanageable tariff costs that comprise installment "A" at the distributors, occurring between January 1 and October
25, 2001, during the Emergency Program for Reducing Electricity Consumption - PERCEE, which was effective for the
period between June 2001 and February 2002.
With the end of the maximum period for reimbursement of the sums ratified by ANEEL, corresponding to the installments
of Loss of revenue and of Free energy on March 31, 2007 for subsidiary Bandeirante and on September 30, 2009 for
subsidiary Escelsa , and backed by ANEEL Regulatory Resolution nº 1, of January 12, 2004, republished on June 1,
2004, they began the amortization of the ratified amount corresponding to Installment "A", without maximum term for full
reimbursement.
The subsidiary Bandeirante consulted ANEEL about the deductibility or non-deductibility of the PIS and COFINS taxes
on the amounts amortizable as Installment “A” and is awaiting a reply.
The collection relating to RTE - Extraordinary Tariff Adjustment was suppressed as of the tariff adjustment of October
2008 in subsidiary Bandeirante, and of August 2009 in subsidiary Escelsa. The balance to be returned to the consumers
of the subsidiaries Bandeirante and Escelsa on December 31, 2009, including PIS and COFINS taxes, is R$36,351,
whereas the repayment of the sum of R$19,714 was defined for the subsidiary Bandeirante in the tariff adjustment of
48
174,019
Amount
amortized
(310,074)
73,177
(58,384)
(55,467)
(113,851)
(40,674)
Balance to amortize
109,809
(18,430)
(46,314)
(64,744)
45,065
12/31/2009 12/31/2008
(36,351)
13,647