Brazilian Association of Electric Power Distributing Companies.
Free Contracting Environment. Segment of the market comprising the purchase of electric power by deregulated agents (such as Free Consumers and electric power traders).
National Agency of Water.
Brazilian Electricity Regulatory Agency.
Environmental Protection Area.
Set of transmission lines, buses, power transformers and equipment with voltage equal or higher than 230 kV, or facilities with lower voltage defined by ANEEL.
SÃ£o Paulo Stock Exchange.
Compound annual growth rate.
Company or Light
It refers to Light S.A.
Brazilian Securities and Exchange Commission.
Energy Commercialization Agreement in Regulated Environment.
Electric Power Commercialization Chamber.
National Council of Energy Policy.
Law 8,987, as of February 13, 1995 and further amendments.
Equivalent Duration of Interruption per Customer.
EBITDA means for any period, the Net Income of Light S.A. and its subsidiaries, calculated on a consolidated basis for this period, accrued of, provided that deducted in the calculation of Net Income, without duplicity, the sum of (a) expenses related to taxes over Net Income, (b) Adjusted and Consolidated Expense of Gross Interest, (c) amortization and depreciation expense, (d) extraordinary and non-recurring losses and (e) other operational items which do not typify cash outflow and reduce the Net Income, less, provided that included in the calculation of this Net Income, without duplicity, (i) financial income, (ii) any extraordinary and non-recurring gains, and (iii) other operating revenues increasing the Net Income and not typifying cash inflow.
Electricity Sector Law
Law 9,648 as of May 27,1998 and further amendments.
Pursuant to prevailing laws, Free Consumers (a) are those in whose consuming unit the minimum contracted demand is 3 MW, served with voltage equal or higher than 69 kV; (b) those with a minimum contracted demand of 3 MW in any segment named as “horosazonal” (consumption tariff based on hours and seasonality), served in any voltage, but, connected after July 8,1995.
Chamber of Electric Power Crisis Management, established by means of Provisional Measure 2,198-5/2001.
General Agreement of the Electric Sector
Agreement established in view of the electric power rationing enacted by Provisional Measure 14, converted in Law 10,438, as of April 26, 2002.
ANEEL Consumer Satisfaction Index.
International Financial Reporting Standards.
Law of New Model of Electricity Sector
Law 10,848, as of March 15, 2004, regulated by Decrees 5,163, dated July 30, 2004, 5,175, dated August 9,2004, and 5,184, dated August 16, 2004.
Electric System National Operator.
Electric power supply agreements with prices and quantities approved by ANEEL, entered into between generation and distributing companies pursuant to Electricity Sector laws.
Small Hydroelectric Power Plant.
Reversal Global Reserve.
Rio Minas Energia ParticipaÃ§Ãµes S.A., company controlled by CEMIG, AG ConcessÃµes, Luce Brasil FIP and Pactual Energia, all of them with equal interest.
Extraordinary Tariff Adjustment.
Regulation S of Securities Act..
Rule 144A do Securities Act.
Securities Distribution System administered by ANDIMA (National Association of Open Market Institutions) and operated by CETIP (Clearing House for the Custody and Settlement of Securities).
National Interconnected System.
Securities and Exchange Commission of the United States.
Securities Act of 1933 of the United States, as amended.
Accounting practices generally accepted in the United States