Energias do Brasil reports EBITDA of R$ 323.4 million in 2Q08

EBITDA from Generation grows 19% and manageable expenses before depreciation
and amortization reduce 16% compared with 2Q07

SAO PAULO, Brazil, July 29 /PRNewswire-FirstCall/ -- EDP - ENERGIAS DO
BRASIL S.A. ("Energias do Brasil" or "Group") (Bovespa: ENBR3), a holding
company in the electric utilities sector trading on Bovespa's Novo Mercado,
today announces its results for the second quarter and the first six months of
2008 (2Q08 and 1H08). The information is presented on a consolidated basis in
accordance with Brazilian Corporate Law and is based on reviewed financial
information. The independent auditors did not review the operating
information. Amounts are expressed in thousands of Reais, except where
otherwise stated.
-- Energy volumes sold by the generation business in 2Q08 amounted to
1,428 GWh, a 9.0% increase compared with 2Q07.
-- Energy volumes distributed in 2Q08 totaled 6,444 GWh, 2.8% more than in
2Q07.
-- Consolidated net operating revenue totaled R$ 1,202.9 million in 2Q08,
3.9% more than 2Q07, mainly due to the growth in the volume of energy sold and
higher average prices practiced by the generation business.
-- Manageable expenditures, excluding depreciation and amortization,
declined 15.9% compared with 2Q07, the main highlight here being the reduction
in the Provisions and Others accounts.
-- EBITDA for 2Q08 reached R$ 323.4 million, a YOY increase of 3.8%.
Worthy of mention is the growth of 19.0% in the generation segment's EBITDA,
which reached R$ 117.5 million.
-- Capital expenditures amounted to R$ 196.7 million, 54.1% up on the
amount recorded for the same period last year due to the repowering of the
Mascarenhas and Suica Hydro Power Plants (HPP) as well as investments in the
Santa Fe Small Hydroelectric Plant (SHP).
-- An asset swap agreement between Energias do Brasil and Grupo Rede,
which when concluded, will allow Energias do Brasil to control Investco
(concessionaire of the Lajeado HPP) and Rede Lajeado, assuming the management
control of Investco and consolidating 100 % of both assets.
-- In June 2008, EDP Renovaveis Brasil (EDPRB) was constituted and
acquired 100% of the Central Nacional de Energia Eolica S.A. (CENAEEL) for R$
51.3 million. CENAEEL has two wind farms in operation in the state of Santa
Catarina, with an installed capacity of 13.8 MW and a 70 MW expansion project
Please be advised that the complete version of this earnings release is
available on our site in the Investor Relations section:
http://www.energiasdobrasil.com.br
Conference Call and Webcast (in English) - www.energiasdobrasil.com.br
Date: July 30, 2008 (Wednesday)
Time: 01 p.m. (New York time)
06 p.m. (London time)
02 p.m. (Brasilia Time)

Connection numbers:
Participants in the USA: (1 800) 860.2442
Participants from other countries: (1 412) 858.4600
Participants in Brazil: (11) 4688.6301
Access code: Energias do Brasil

If you cannot participate, a replay of the conference call will be
available from July 30, 2008 to August 05, 2008. You can access the replay by
dialing (55 11) 4688.6312 (access code: 962).
SOURCE Energias do Brasil S.A.

Investor Relations, Mayte Albuquerque, Cleverson Murakawa, Ana Flavia Martins,
or Rogerio Pacheco, +55-11-2185-5907, ri@enbr.com.br