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AES Eletropaulo Recorded EBITDA of R$ 445.1 Million and Net Income of R$ 235.3 Million in 3Q09

Posted on: Friday, 13 November 2009, 08:54 CST

SAO PAULO, Nov. 13 /PRNewswire-FirstCall/ -- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. (OTC: EPUMY and ELPSY; Bovespa: ELPL3, ELPL5 and ELPL6), the largest electric energy distribution Company in Latin America, today announced its results of the 3rd quarter 2009

Comments by Britaldo Soares - CEO and Investor Relations Director:

"Captive customers' consumption in AES Eletropaulo's concession area amounted to 8,741.9 GWh in 3Q09, 1.2% higher than in 3Q08. The total market consumption remained flat year-over-year due to lower consumption by the free market.

"Since July 4, 2009, the Company has been applying the +14.88% Annual Tariff Readjustment approved by Aneel. Nevertheless, its full impact has not yet been felt due to the Company's billing cycle.

"Consequently, the Company recorded EBITDA of R$ 445.1 million and Net Income of R$ 235.3 million, a rise of 15% and 59% year-over-year, respectively. In addition to the 2009 tariff readjustment, one of the highlights in the quarter was the higher expenses on the private pension fund, lawsuit settlements, as well as the positive impact of the first installment of the agreement signed with the Municipal Government of Sao Paulo, which was, in turn, partly offset by the positive effect of the 2009 tariff readjustment."

Among the important acknowledgments received lately, we can highlight that AES Eletropaulo won the National Quality Award (PNQ), being recognized as a reference in management (Fundacao Nacional da Qualidade) and received an award from Carta Capital magazine for most admired electric distributor in Brazil.

AES Eletropaulo is also among the three finalists of the IASC 2009 Prize (Aneel's Index of Clients' Satisfaction) in the category of companies above 400,000 consumption units in the Southeast region, and AES Brasil was chosen as one of the 20 model-companies by the Guia Exame de Sustentabilidade (Exame magazine Sustainability Guide).

ELETROPAULO INVITATION: Conference Call / Webcast PRESENTATION: Britaldo Soares - Chief Executive Officer and Investor Relations Director DATE: Friday, November 13, 2009 TIME: 2:30 p.m. (BRST)/11:30 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 WILL BE PROVIDED. ACCESS CODE: AES Eletropaulo REPLAY: (+55 11) 4688-6312 CODE: 765 AVAILABLE from: 11/13/09 through 11/19/09

The teleconference audio with a slide presentation will also be webcast, followed by a slide presentation - Access through: www.eletropaulo.com.br/ri

The presentations will be made only in Portuguese.

SOURCE AES Eletropaulo


Source: PR Newswire

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