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May 04, 2015 9:18 PM ET

Electric Utilities

Company Overview of ELETROSUL Centrais Elétricas S.A.

Company Overview

ELETROSUL Centrais Elétricas S.A. provides electric power generation and transmission public services. It generates electricity from hydro and wind power. The company also invests in research and development of alternative sources of energy; provides telecommunication services; and performs other trade actions related to these activities. It serves the Southern states and the state of Mato Grosso do Sul. The company was incorporated in 1968 and is based in Florianopolis, Brazil. ELETROSUL Centrais Elétricas S.A. operates as a subsidiary of Centrais Elétricas Brasileiras S.A. – Eletrobras.

Deputado Antônio Edu Vieira, 999

CP: 5091

Pantanal

Florianopolis, SC 88040-901

Brazil

Founded in 1968

Phone:

55 48 3231 7000

Fax:

55 48 3234 4040

Key Executives for ELETROSUL Centrais Elétricas S.A.

President
Age: 58
Director of Administrative and Financial Management
Age: 57
Director of Operations and Director of Engineering
Age: 48
Compensation as of Fiscal Year 2014.

ELETROSUL Centrais Elétricas S.A. Key Developments

Eletrosul Announces Executive Changes

Former Brazil energy minister Márcio Zimmermann has been named president of Eletrosul. Zimmermann replaces Eurides Mescolotto, who stood down after seven years in the role.

Eletrosul Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Eletrosul reported earnings results for the fourth quarter and year ended December 31, 2014. For the year, the company reported EBITDA of BRL 514 million compared to BRL 566 million reported a year ago. For the quarter, the company reported EBITDA of BRL 18 million compared to BRL 78 million reported a year ago.

Eletrosul Begins Construction Work on 181MW Hermenegildo Wind Farm in Southern State of Rio Grande do Sul

Eletrosul has begun construction work on its 181MW Hermenegildo wind farm in the southern state of Rio Grande do Sul. The BRL 900 million facility will form part of the Campos Neutrais complex that also includes the Geribatu (258MW) and Chu­ (144MW) wind farms. Hermenegildo will comprise 100 aerogenerators supplied by General Electric. The turbines are due for delivery by February 2015. The Campos Neutrais complex will require investment of BRL 2.7 billion.

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