Profile: CPFL Energia SA (CPL)

CPL on New York Consolidated

15.53USD
24 Nov 2014
Price Change (% chg)

$-0.34 (-2.14%)
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$15.87
Open
$15.59
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Volume
202,564
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$20.39
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CPFL Energia S.A., incorporated on March 20, 1998, is a holding company that, through its subsidiaries, distributes, generates and commercializes electricity in Brazil. The Company is an electricity distributor in Brazil. It is also involved in building four biomass generation projects and thirteen wind farms. The Company also engages in electricity commercialization and provides electricity-related services to its affiliates, as well as unaffiliated parties. As of December 31, 2010, it had installed capacity of 2,309 megawatt. During the year ended December 31, 2010, generated a total of 9,142 gig watt hour of electricity, and it had 7,786 gig watt hour of assured energy. It holds equity interests in eight hydroelectric plants (Serra da Mesa, Monte Claro, Barra Grande, Campos Novos, Luiz Eduardo Magalhaes-Lajeado, Castro Alves, 14 de Julho and Foz do Chapeco). It also owns 34 small hydroelectric power plants and three thermoelectric power plants. On April 19, 2011, it entered into a joint venture agreement with Energias Renovaveis S.A. (ERSA) to combine assets and projects relating to renewable energy sources (wind, biomass and small hydroelectric power plants).

Distribution

The Company is an electricity distributor in Brazil. Its eight distribution subsidiaries together supply electricity to a region covering 176, 3102 square kilometers primarily in the States of Sao Paulo and Rio Grande do Sul. Their service areas include 568 municipalities and a population of approximately 17.8 million people. As of December 31, 2010, they provided electricity to approximately 6.7 million consumers. Companhia Paulista de Forca e Luz (CPFL Paulista), its subsidiary, supplies electricity to a region covering 90,440 square kilometers in the state of Sao Paulo with a population of approximately 9.4 million people. Its service area covers 234 municipalities, including the cities of Campinas, Bauru, Ribeiro Preto, Sao Jose do Rio Preto, Araraquara and Piracicaba. CPFL Paulista had approximately 3.7 million consumers as of December 31, 2010. Companhia Piratininga de Forca e Luz (CPFL Piratininga) , its subsidiary, supplies electricity to a region covering 6,785 square kilometers in the southern part of the state of Sao Paulo with a population of approximately 3.5 million people. Its service area covers 27 municipalities, including the cities of Santos, Sorocaba and Jundiai. CPFL Piratininga had approximately 1.4 million consumers as of December 31, 2010.

Rio Grande Energia S.A. (RGE) supplies electricity to a region covering 58,823 square kilometers in the state of Rio Grande do Sul with a population of approximately 3.7 million people. Its service area covers 262 municipalities, including the cities of Caxias do Sul and Gravatai. RGE had approximately 1.3 million consumers as of December 31, 2010. Companhia Luz e Forca Santa Cruz (CPFL Santa Cruz) supplies electricity to an area covering 11,775 square kilometers, which includes 27 municipalities in the northwest part of the state of Sao Paulo and three municipalities in the state of Parana. Companhia Jaguari de Energia (CPFL Jaguari) supplies electricity to an area covering 252 square kilometers, which includes two municipalities of the state of Sao Paulo. Companhia Luz e Forca de Mococa (CPFL Mococa) supplies electricity to an area covering 1,844 square kilometers, which includes one municipality of the state of Sao Paulo and three municipalities in the state of Minas Gerais. Companhia Leste Paulista de Energia (CPFL Leste Paulista) supplies electricity to an area covering 2,589 square kilometers, which includes seven municipalities of the state of Sao Paulo. Companhia Sul Paulista de Energia (CPFL Sul Paulista) supplies electricity to an area covering 3,802 square kilometers, which includes five municipalities of the state of Sao Paulo.

Generation of Electricity

As of December 31, 2010, CPFL Geracao de Energia S.A. (CPFL Geracao), owned a 51.54% interest in the assured energy from the Serra da Mesa power plant. Through its generation subsidiaries Companhia Energetica Rio das Antas (CERAN), BAESA - Energetica Barra Grande S.A. (BAESA), Campos Novos Energia S.A. (ENERCAN) and Chapecoense Geracao S.A. (Chapecoense), CPFL Geracao also owned interests in the Monte Claro, Barra Grande, Campos Novos, Castro Alves, 14 de Julho and Foz do Chapeco plants. Through CPFL Jaguariuna S.A. (CPFL Jaguariuna), it owned a 6.93% interest in the Luis Eduardo Magalhaes power plant. Its total installed capacity from all of these facilities was 2,309 MW as of December 31, 2010. The Company produces electricity through its hydroelectric plants. During 2010, it generated 9,142 giga watt hour. Its largest hydroelectric facility in operation is the Serra da Mesa facility. It owns a 65.0% interest in CERAN. The CERAN hydroelectric complex consists of three hydroelectric plants: Monte Claro, Castro Alves and 14 de Julho. CPFL Geracao owns a 25.01% interest in Barra Grande. It owns a 48.72% interest in ENERCAN, a joint venture. It also operates three thermoelectric power plants.

Electricity Commercialization and Services

The Company’s subsidiary CPFL Comercializacao Brasil S.A. (CPFL Brasil) carries out its electricity commercialization operations. CPFL Brasil is engaged in procuring electricity for commercialization activities by entering into bilateral contracts with energy companies (including its generation subsidiaries and third parties) and purchasing electricity in public auctions. It is also engaged in reselling electricity to Free Consumers; reselling electricity to distribution and other agents in the electricity market through bilateral contracts, and providing electricity-related services and consulting to Final Consumers and other agents. It offers consumers a range of electricity-related services through CPFL Brasil. Its main electricity-related services include electric energy management consultancy, project design and construction, management of assets, energy efficiency and co-generation.

Company Address

CPFL Energia SA

Rua Gomes de Carvalho
1510, 14, cj.02, Vila Olimpia
SAO PAULO     04547-005
P: +5519.37566083
F: +5519.37566089

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