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

6
2009 MANAGEMENT REPORT
As defined by Aneel, this adjustment also considered the percentage difference in view of the
definitive approval of EDP Escelsa's tariff review occurred on July 28, 2009.
EDP Bandeirante - At the public meeting held on October 21, 2008, Aneel approved the average
adjustment of EDP Bandeirante's tariff from 5.46% for the period from October 23, 2009 to October
22, 2010, where 3.11% refers to the economic annual tariff adjustment and 2.35% refers to
financial items, which, including the effect of the financial items withdrawn from the basis, of
4.44%, correspond to an average effect to be perceived by captive consumers of 1.02%.
As defined by Aneel, this adjustment also included the percentage difference in view of the
definitive approval of EDP Bandeirante's tariff review occurred on October 6, 2009.
AUCTIONS
On August 27, 2009, Auction A-3 was carried out, which sold only average 11 MW at average sale
price of R$ 144.5/MWh. Energy of two power plants, a PCH and a thermal sugarcane power plant,
was negotiated. Of the total amount sold, only average 1 MW refers to hydric source, derived from
the expansion of PCH Rio Bonito, in Santa Maria da Vitória river, ES. There was no negative
goodwill and the PCH's energy was sold at R$ 144/MW, under a 30-year agreement. The thermal
power plant winner of the auction was UTE Codora, which sold energy with ICB (cost-benefit rate)
of R$ 144.60/MWh, for 15 years.
On December 8, 2009, the Ministry of Mines and Energy - MME decided to cancel Auction A-5,
scheduled for December 21, 2009. According to the MME, the cancellation was due to the failure
to obtain, within the period required for the auction, the previous environmental license for granting
of concession for operation of seven hydroelectric resources, totaling 905 MW of installed power.
In addition, it was noted that the demand to the market of the distributors, as of 2014, was not
significant, and could be covered by the energy to be contracted in Auction A-3 of 2011.
On December 14, 2009, the first auction exclusively of wind power was conducted, valid for 20
years, commencing on July 1, 2012. 753 lots of 1 megawatt (MW) were negotiated at the average
price of R$ 148.39 MWh. The 71 winning projects will be installed in Sergipe, Ceará, Rio Grande
do Norte, Bahia and Rio Grande do Sul.
ALTERATIONS OF A CORPORATE NATURE
CENAEEL – On February 2009, EDP Renováveis Brasil S.A., of which 45% is held by the Company,
concluded the acquisition of Cenaeel, holder of the wind turbine farms of Água Doce (9.0 MW) and
Horizonte (4.8 MW), located in the State of Santa Catarina.
ESC 90 – On June 2009, the sale of all the quotas of ESC 90 Telecomunicações Ltda. to Net
Serviços de Comunicação S.A
ELEBRÁS - In July 2009, it was concluded the acquisition of Elebrás Projetos Ltda., which holds
several wind projects in Rio Grande do Sul.
INVESTCO/LAJEADO - In November 2009, it was concluded the corporate reorganization of
Tocantins Energia S.A, EDP Lajeado Energia S.A. and Lajeado Energia S.A. ("Tocantins", "EDP
Lajeado" and "Lajeado Energia", respectively). The purpose was to allow the rationalization and
simplification of the corporate structure and activities of EDP Lajeado and Lajeado Energia, also in
view of the conduction of business and management of assets of the common invested company,
Investco, bringing administrative, economic and financial benefits, reduction of expenses and
combined operating expenses and improved cash flow. As a result, the ownership interest directly
held by EDP Lajeado and Lajeado Energia in Investco were held exclusively by Lajeado Energia.