AES Tiete's Net Income in 3Q09 Was R$ 221.4 Million, to be Fully Distributed as Dividends

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Thu Nov 12, 2009 4:59pm EST

AES Tiete's Net Income in 3Q09 Was R$ 221.4 Million, to be Fully Distributed
as Dividends

SAO PAULO, Nov. 12 /PRNewswire-FirstCall/ -- AES Tiete S.A. (OTC: AESAY
and AESYY; Bovespa: GETI3 and GETI4) today announced its results for the 3rd
quarter 2009.
    Comments by Mr. Britaldo Pedrosa Soares - Chief Executive Officer and
Chief Financial and Investor Relations Officer:
    "AES Tiete's EBITDA was R$ 361.7 million, 8.8% higher than in 3Q08, while
net income reached R$ 221.4 million, representing an increase of 17.9%
compared to the same period of the previous year. The price of energy sold
through the bilateral contract had its annual adjustment in July by the IGP-M,
moving up from R$ 149.72 to R$ 152.00. A decline in costs and expenses and
higher net financial income positively impacted the Company's results.
    "The distribution of the totality of its net income for 3Q09 -- R$ 221.4
million -- in the form of dividends was approved by the Board of Directors on
November 12, 2009, reinforcing its shareholder compensation policy that has
been practiced by the Company since 2006."
    AES TIETE INVITATION:
    Conference Call / Webcast

    PRESENTERS:
    Britaldo Soares - Chief Executive Officer and Chief Financial and Investor
Relations Officer
    DATE: Friday, November 13, 2009

    TIME: 1:30 p.m. (BRST) / 10:30 a.m. (EST)

    CONNECTION NUMBERS:
      - Brazil: (+55 11) 4688-6361
      - U.S.: (1-888) 700-0802
      - Other countries: (1 786) 924-6977

    SIMULTANEOUS TRANSLATION INTO ENGLISH

    ACCESS CODE: AES Tiete

    REPLAY: (+55 11) 4688-6312
    CODE: 448
    AVAILABILITY: November 13, 2009 through November 19, 2009

    The presentation slides will be available for viewing and downloading from
the website www.aestiete.com.br/ir
    The conference audio also will be transmitted live on the Internet, at the
same site, where it will be available after the event.
    CONTACT: LUCIANA SILVESTRE
    PHONE:   55 11 2195 2282
    FAX:     55 11 2195 2503
    E-MAIL:  luciana.silvestre@aes.com

SOURCE  AES Tiete S.A.

Luciana Silvestre, AES Tiete S.A., +011-55-11-2195-2282, Fax:
+011-55-11-2195-2503, luciana.silvestre@aes.com
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