SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of November, 2024

Commission File Number 1-14668

 


 

COMPANHIA PARANAENSE DE ENERGIA

(Exact name of registrant as specified in its charter)

 

Energy Company of Paraná

(Translation of Registrant's name into English)

 

José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F ___X___ Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____

 

 
 

 

 

 

 
 

 

 

 

 
 

 

List of contents

1. Consolidated Results 2
1.2 Operating Revenue 3
1.3 Operating Costs and Expenses 4
1.4 Equity in Earnings of Subsidiaries 5
1.5 Financial Results 5
1.6 Consolidated Net Income 6
1.7 Debt 6
2. Investments 8
3. Copel Geração e Transmissão  (Consolidated Profit) 9
3.1 Financial Performance 9
3.1.1 IFRS Effect on the Transmission Segment 10
3.2 Operational Performance 10
3.2.1 Generation 11
3.2.2 Energy sold 11
3.2.3 Transmission 12
RBSE 12
4. Copel Distribuição 13
4.1 Financial Performance 13
4.1.1 Regulatory Efficiency 14

 

4.2 Operational Performance 14
4.2.1 Grid Market (TUSD) 14
4.2.2 Captive Market 14
4.2.3 Operational Data 14
5. Copel Comercialização 16
5.1  Financial Performance 16
5.2 Operational Performance 16
6.ESG Performance 17
6.1 Copel, pioneer in ESG in the sector 17
6.2 Recent Highlights 18
6.3 Indicators 18
6.4 Ratings, Ratings, and Indexes 18
7. Other highlights 19
List of Exhibit 22
 

RESULTS | 3Q24  

1

 

 

1. Consolidated Results

The following analyses refer to the third quarter of 2024 and the accumulated period from January to September 2024, compared to the same period in 2023.

1.1 EBITDA

Copel's adjusted EBITDA[1] was R$1,239.7 million in 3Q24, reflecting the strength of an integrated company with a diversified portfolio, scenario in which Copel Geração e Transmissão (Copel GeT) and Copel Comercialização (Copel COM) accounted for approximately 51.8% of this result, while Copel Distribuição (Copel DIS) accounted for 48.2%.

Of particular note in this quarter was (i) the 8.7% increase in Copel Distribuição's EBITDA compared to 3Q23, reaching R$607 million, as a result of the 4.4% growth in the billed grid market and the average 2.7% increase in Distribution System Use Tariffs (TUSD); and (ii) the 11.2% reduction (or R$26.0 million) in personnel and management costs when the inflationary effect between the periods is isolated, mostly explained by the departure of 1,258 employees from the Company in the Voluntary Dismissal Program (PDV) in August of this year.

When comparing consolidated EBITDA, the result was 10.9% lower than the R$1. 391.4 million in 3Q23, mainly due to: (i) the lower average energy price of Copel GeT's portfolio (R$176.31 compared to R$204.51 in 3Q23, a reduction of 13.8%), mainly due to the termination of a CCEAR contract in September 2023, whose average price was R$252.99/MWh; and (ii) the generation deviation of R$66.8 million (+87%), caused essentially by the curtailment of 23.4% in the period.

 


[1] Excluding non-recurring items, new replacement value (VNR) by the adjustment to present value of Copel Distribuição's indemnifiable assets, and IFRS effects on assets of transmission contracts.

 

 

Adjusted Consolidated EBITDA

 

Note. Considers discontinued operations

The non-recurring items considered for the calculation of adjusted EBITDA are shown in the following table:

Considering the period to September 2024, adjusted EBITDA reached R$ 3,849.6 million, 4.3% lower than the R$ 4,021.8 million recorded in the same period of 2023, mainly justified by the lower average price of energy sold and the deviation of generation from wind complexes given the higher curtailment in 2024; partially offset by the 21.7% growth in Copel DIS.

 

 

 

RESULTS | 3Q24  

2

 

 

1.2 Operating Revenue

Net operating revenue totaled R$5,735.6 million in 3Q24, up 3.5% on the R$5,544.0 million recorded in 3Q23. This result mainly reflects the increase in:

(i)(R$157.6 million (+10.5%) in revenue from the availability of the electricity grid, due mainly to the 6.0% growth in the grid market and the June 2024 tariff readjustment, with an average effect of 2.7% on the tariffs for use of the distribution system (TUSD);
(ii)R$147.5 million (+54.0%) in the result of sectoral financial assets and liabilities (CVA), mainly as a result of higher energy costs due to the thermal dispatch in 3Q24;
(iii)R$50.9 million (+42.1%) in other operating revenues due to higher revenues from leases and rents from pole sharing contracts; and
(iv)R$44.4 million (+7.2%) in construction revenue, due to the increase in the volume of works related to Copel DIS's investment program (see item 2), which includes investments aimed at improving and modernizing infrastructure and improving customer service.

These increases were partially offset by the reduction:

(i)R$163.9 million (-16.4%) in electricity supply revenue, basically as a result of the lower average price for the sale of energy (R$176.31 compared to R$204.51 in 3Q23) at Copel GeT, mainly due to the termination of a CCEAR contract (a contract in the Regulated Contracting Environment) in September 2023, whose average price was R$252.99/MWh; and
(ii)R$53.6 million (-2.6%) in electricity supply revenue, mainly due to the 4.0% average reduction in Energy Tariffs (TE) as of Copel Distribuição's June 2024 tariff adjustment, partially offset by the 2.6% increase in the captive market;

 

In the year to September 2024, net operating revenue totaled R$16,631.9 million, an increase of 4.5% compared to the R$15. 911.8 million recorded in the same period of 2023, with the following variations standing out: (i) an increase of R$785.3 million (+18.1%) in electricity network availability revenue, essentially due to the 8.2% growth in the grid market and the accumulated TUSD adjustments of 6.3% in 2023 and 2.7% in 2024; (ii) an increase of R$501.6 million (+8.7%) in the supply of electricity due mainly to the 7.8% growth in Copel DIS' captive market and the 17.4% increase in the Energy Tariff (TE) in 2023, partially offset by the 4.0% reduction in the TE in the June 2024 adjustment; and (iii) an increase of R$162.9 million (+9.3%) in construction revenue due to the volume of works in Copel DIS's investment program; partially offset by (iv) a decrease of R$437.2 million (-16.0%) in electricity supply revenue due to the termination of the CCEAR contract for the Salto Caxias HPP with supply from May to September 2023 at a price of R$252.99/MWh and the increase in curtailment restrictions at Copel Geração e Transmissão; and (v) a reduction of R$313.5 million (-35.6%) in the result of sector financial assets and liabilities.

 

 

 

 

RESULTS | 3Q24  

3

 

 

1.3 Operating Costs and Expenses

In 3Q24, operating costs and expenses totaled R$4,640.5 million, down 10.1% compared to the R$5,160.3 million recorded in 3Q23. The variation is mainly due to the reduction of R$811.9 million with PMSO (manageable costs), excluding provisions and reversals, mainly due to the recording in 3Q23 of R$610.1 million related to the Voluntary Dismissal Program (PDV) and the recognition, in 3Q24, of the result of the sale of assets unserviceable to Copel GeT's concession, in the amount of R$264.4 million, in other operating costs and expenses (more details in Other Highlights).

Neutralizing the effects of provisions related to performance bonuses (PPD), profit sharing (PLR), long-term incentives and PDV, there was a reduction of 7.6% (R$ 16,9 million) in personnel and management costs in the quarterly comparison, an effect of the reduction of 1,393 employees in the comparison between the periods, partially offset by the salary adjustment of 4.51% in the Collective Agreement of October 2023. Isolating the effects of the accumulated inflation of 4.09% measured by the INPC (the National Consumer Price Index), there is a decrease of 11.2% (or R$ 26.0 million) in personnel compared to 3Q23.

 

The line of other operating costs and expenses, after excluding the amount related to the sale of assets, shows an increase of 25.6%, basically due to the higher amount in decommissioning of assets at Copel Distribuição due to the progress of the investment program and replacement of equipment; and the increase in financial compensation for the use of water resources of R$8.2 million due to the higher generation of energy in the period.

The line of third-party services increased by R$ 8.9 million, related to maintenance of facilities and communication, processing and data transmission.

Also noteworthy:

(i)an increase of R$332.4 million in electricity purchased for resale (+16.7%) due basically to (a) the higher volume coming from the distributed generation system, in the amount of R$109.9 million; and (b) the volume coming from the New Energy Auction contracts from January 2024;
(ii)the reduction of R$72.8 million in provisions and reversals, mainly due to (a) the lower provision for litigation (-R$55.9 million) resulting from the provision made in 3Q23 for Copel GeT's regulatory litigation, the effect of Aneel Order No. 2,094, of June 28, 2023, which deals with the methodology for calculating the Surplus and Deficit Compensation Mechanism (MCSD), in the amount of R$66.2 million, partially offset by the higher amount of the provision for Copel DIS indemnity actions, in the amount of R$23.1 million and (b) the reduction of R$26.5 million in expected credit losses, due mainly to the recovery of overdue invoices; and
(iii)the decrease of R$50.8 million in charges for the use of the electricity grid due to the reduction in costs with the Basic Grid, partially offset by the increase in the Reserve Energy Charge - EER, as a result of the need for contributions from agents in the consumption profile to maintain the balance of the Reserve Energy Account - CONER in 2024.

 

 

 

RESULTS | 3Q24  

4

 

 

Evolution of the staff

Breakdown of Costs and Expenses

In 2024, total operating costs and expenses reached R$13,715.7 million, 0.5% higher than the R$13,647.5 million recorded in the same period of 2023. The main variations were: (i) an increase of R$620.3 million in electricity purchased for resale, mainly due to the 53.9% increase (+R$420.6 million) in financial compensation for energy from distributed generation systems; (ii) an increase of R$103.9 million in network usage charges due to the readjustment of network usage contracts and an increase in energy consumption; and (iii) an increase of R$44.3 million in third-party services, as a result of higher amounts for maintenance of the electricity system and maintenance of facilities.

These events were partially offset, in particular, by (i) the reduction of R$704.1 million in personnel and administrators, due to the non-recurring effect of the PDV provision and the indemnity for the second third of additional vacation pay, both from 2023, and the reduction in the workforce; and (ii) the reduction in other operating costs and expenses resulting mainly from the gain on the sale of Copel GeT's real estate.

1.4 Equity in Earnings of Subsidiaries

The equity result of Copel's jointly-controlled ventures and other affiliates in 3Q24 was 6.8% lower than in the same period of the previous year (R$63.2 million, compared to R$67.8 million in 3Q23). This result is mainly due to the effect of the Mata de Santa Genebra tariff review. Details of the results can be seen in Annex I.

1.5 Financial Results

The financial result improved by R$100.4 million (negative R$222.4 million, compared to negative R$322.8 million recorded in 3Q23), mainly due to: (i) income from financial investments with an increase of R$37.7 million (+22.4%), due to higher fund-raising, higher interest rates, higher cash from operating activities and the availability of the amount raised in the Primary Share Offering; (ii) expenditure on monetary variation of debt charges which fell by R$23.8 million (-5.3%); (iii) interest on taxes to be offset with an increase of R$22.8 million (+131.1%) and (iv) the late payment surcharge on invoices with an increase of R$19.2 million (+43.9%) due mainly to the recovery of invoices due to the reduction in delinquency at Copel Distribuição. The improvement in results was partially offset by (v) the increase in financial expenses with monetary restatement of provisions for litigation (R$39.6 million in 3Q24 compared to R$18.5 million in 3Q23).

 

 

 

RESULTS | 3Q24  

5

 

 

In the year to September 2024, the financial result improved by R$117.1 million, to a negative R$780.2 million compared to a negative R$899.3 million up to September 2023. The result is mainly due to the (i) increase in income from financial investments, of R$170.0 million; (ii) reduction of R$103.2 million in expenses from monetary and exchange rate variations and debt charges, partially offset by the (iii) reduction in expenses from monetary variation and adjustment to present value on accounts payable linked to the concession (UBP), in the amount of R$57.9 million and the (iv) reclassification of the monetary restatement of litigation provisions to financial expenses of R$71.0 million (R$44.9 million in 2023).

1.6 Consolidated Net Income

Copel recorded net income of R$1,217.1 million compared to R$441.2 million in 3Q23, an increase of 175.9%. In addition to the items already mentioned, this growth is also explained by capital gains (i) of R$470.3 million resulting from the divestments of Compagas and UEGA assets (more details in item 7. Other highlights of the period); and (ii) of R$174.5 million from the sale of unserviceable real estate owned by Copel GeT.

 

Excluding non-recurring effects, adjusted net income fell by 32.5%, mainly because of the tax benefit generated in 3Q23 due to the higher distribution of Interest on Equity. The main adjustments to net income in 3Q24 were:

 

Considering the year to September 2024, net profit was R$2,224.2 million compared to R$1,384.4 million in the same period of 2023, an increase of 60.7%.

1.7 Debt

Copel's total consolidated debt on September 30, 2024 was R$16,227.69 million, a variation of 8.5% in relation to the amount recorded on December 31, 2023, of R$14,962.3 million.

 

The following table and graphs show the indebtedness of Copel and its subsidiaries at the end of the third quarter of 2024.

 

Debt by Subsidiary

 

1 The Company has approximately R$2.0 billion available for funding in the Primary Offering of Shares to be used for the payment of the Grant Bonus for the renewal of the concessions of the FDA, Segredo and Salto Caxias plants.

2 Includes Copel Geração e Transmissão S.A. (parent company).

3 Includes Copel Serviços, wind farms (Brisa Potiguar, Cutia, Jandaíra, Vilas, Aventura and SRMN) and transmission companies (West Coast and Marumbi).

 

 

 

 

 

RESULTS | 3Q24  

6

 

 

Adjusted Net Debt/Adjusted EBITDA

 

 

 

 

Debt Indexes

 

 

 

Amortization - R$ million

Average Term: 4.2 years

 

 

 

  

 

RESULTS | 3Q24  

7

 

 

2. Investments

In 3Q24, the amount invested was R$564.2 million, of which 90.3% was invested by Copel Distribuição and 9.7% by Copel Geração e Transmissão.

In the full year, R$1,823.6 million was invested, of which 90.7% was invested in Copel Distribuição, with 94.8% going to electrical assets and 5.2% to investments in non-electrical assets and other investments.

 

 

The investments made in the distributor are essentially allocated to the Transformation Program, with the aim of modernizing, automating and renewing the distribution network and private communication network with standardized technologies to meet the automation equipment. Among the expected benefits are the reinforcement of rural networks to reduce disconnections and ensure support for the growth of agribusiness in the state of Paraná, reduction of costs with O&M and commercial services and improvement in the control of indicators of Equivalent Duration of Interruption per Consumer Unit - DEC and Equivalent Frequency of Interruption per Consumer Unit - FEC. The program is made up of 3 pillar projects:

 

oThree-Phase Paraná (Paraná Trifásico): covers the construction of approximately 25,000 km of new networks by 2025 and represents the improvement and renovation of rural distribution networks in the company's concession area, with the implementation of a three-phase network and the creation of redundancy in the main rural branches. By the end of September 2024, 19,019 km of network had been completed.

 

oIntelligent Electricity Network: aims to implement a private communication network with standardized technology to serve all the distribution network's automation equipment and advanced metering infrastructure. By the end of September 2024, 924,402 smart meters had already been installed. In phases 1 and 2 of the program, advances were identified for our operation, with a reduction in man-hours and km traveled, fewer non-technical losses, an improvement in quality and a reduction in compensation for breaches of quality performance limits.

 

oTotal Reliability: aims to ensure modernity in energy network operations based on the following premises: maintaining full communication between teams and the availability of equipment on the network, implementing automation in special equipment, maintaining all municipalities in the concession with a substation or special switch and expanding network circuits and Self Healing equipment. By the end of September 2024, the project had completed 88.70% of the planned schedule.

 

 

 

 

 

 

 

RESULTS | 3Q24  

8

 

 

3. Copel Geração e

Transmissão

(Consolidated Profit)

3.1 Financial Performance

 

Copel GeT posted an adjusted EBITDA[2] of R$649.2 million, 18.2% less than the
R$793.2 million recorded in 3Q23. This result mainly reflects
(i) the lower average energy price in Copel GeT's portfolio (R$ 176.31 compared to R$ 204.51 in 3Q23, a reduction of 13.8%) mainly due to the termination of the CCEAR (a contract in the Regulated Contracting Environment) Salto Caxias HPP in September 2023, whose average price was R$ 252.99/MWh; (ii) the generation deviation of R$ 66.8 million (+87%), mainly caused by the curtailment of 23.4% in the period and (iii) a decrease of R$ 34.1 million in the revenue from the availability of the electric grid, due to the tariff review of the transmission concession contracts. This result was partially offset by lower costs with electricity purchased for resale, a reduction of R$33.2 million (-33.4%).

Item 3.1.1 presents the regulatory accounting of the result for the purpose of verifying the IFRS (International Financial Reporting Standards) effect on transmission assets.


[2] Excluded non-recurring items and IFRS effects on assets from transfer agreements.

Expenses with PMSO (Personnel (P), Material (M), Third Party Services (S) and Other Expenses (O)) (manageable costs), excluding provisions and reversals, decreased by R$406.5 million, mainly due to the recording in 3Q23 of R$190.3 million related to the PDV (Voluntary Dismissal Program) and the recognition, in 3Q24, of the result of the sale of unserviceable to the concession assets , in the amount of R$264.4 million, recorded in other operating costs and expenses (more details in Other Highlights). Excluding the effects of the provision for PDV and the sale of unserviceable assets, the PMSO increased by R$8.5 million (+3.6%), essentially influenced by the higher cost of financial compensation for the use of water resources (+R$9.1 million), due to higher generation in the period.

Neutralizing the effects of the provisions related to PDV, PPD (performance bonus) and PLR (profit sharing), there was a reduction of 12.4% in personnel and administration costs in the quarterly comparison, an effect of the reduction of 378 employees between the periods, partially offset by the salary adjustment of 4.51% in the Collective Agreement of October 2023. Isolating the effects of the accumulated inflation measured by INPC (the National Consumer Price Index), of 4.09% between 3Q23 and 3Q24, there was a 15.8% reduction in Personnel.

 

RESULTS | 3Q24  

9

 

 

In the year-to-date, Copel GeT recorded adjusted EBITDA of R$2,011.3 million, a decrease of 13.2% compared to the same period of the previous year, mainly due to (i) the higher generation deviation in wind complexes at R$107.4 million; offset by (ii) lower expenditure on electricity purchased for resale in the period at R$59.5 million.

Adjusted net income was R$416.3 million, an increase of 1.8% compared to 3Q23, due to, in addition to the items already mentioned, (i) better financial results (-R$133.9 million compared to -R$163.1 in 3Q23), explained by the higher income from financial investments and lower financial expenses with debt charges, offset by (ii) higher expenditure on Income Tax and Social Contribution, due to the payment of Interest on Equity (JCP) to the Holding Company in 3Q23. The accumulated net income reached R$ 1,057.6 million, an increase of 17.3% compared to 9M23.

 

 

3.1.1 IFRS Effect on the Transmission Segment

For the calculation, an adjustment was made considering the effects of the application of ICPC 01 / IFRIC 12 on the corporate statements in the transmission segment.

 

 

3.2 Operational Performance

Present in 10 states, Copel Geração e Transmissão operates a diversified park of hydroelectric and wind power plants, totaling 6,553.9 MW of installed power and 2,922.1 average MW of physical guarantee. In the Transmission segment, Copel has a total network of 9,685 km of transmission lines and 53 basic network substations, considering the shares.

For more information on generation and transmission operational data, see Annex IV.

 

 

RESULTS | 3Q24  

10

 

 

3.2.1 Generation

Copel's generating complex is composed of 100% renewable sources in operation.

 

Power generation by Copel Geração e Transmissão S.A. and its wind farms in the quarter was higher than in the same period last year, reaching 7,789 GWh compared to 6,949 GWh in 3Q23. In the year to September 2024, generation amounted to 21,429 GWh compared to 17,611 GWh in the year to September 2023.

3.2.2 Energy sold

In the 3rd quarter of 2024, Copel Geração e Transmissão recorded 3,621 GWh of electricity sold from hydroelectric sources, a reduction of 7.8%, mainly due to the termination of the CCEAR contract for the Salto Caxias HPP, with supply from May to September 2023. The energy sold does not consider the generation allocated to the Energy Reallocation Mechanism (MRE), which grew in the quarter (3,545 GWh compared to 2,250 GWh in 3Q23).

For wind farms, the total electricity sold was 1,113 GWh, a reduction of 4.5%, mainly due to the reduction in sales under bilateral contracts and short-term energy purchases, partially offset by the energy sold in the regulated environment (CCEARs) due to the start of supply at the Vilas Wind Complex[3].

 


7

[3] Vila Ceará I, Vila Maranhão I, Vila Maranhão II and Vila Maranhão III Wind Farms (28°LEN - CCEAR 2024 - 2053).

 

 

RESULTS | 3Q24  

11

 

 

GSF and PLD

3.2.3 Transmission

Copel has more than 9,600 km of transmission lines in eight Brazilian states, including its own assets and those in partnership with other companies. In addition to building, maintaining and operating its own extensive energy transmission network, Copel provides services for projects run by other concessionaires. The Transmission projects are listed in Annex IV, including the projects of Copel Geração e Transmissão, SPEs Costa Oeste, Marumbi and Uirapuru Transmissora (100% Copel Geração e Transmissão), as well as the 7 SPEs in which Copel Geração e Transmissão has a stake.

 

 

RESULTS | 3Q24  

12

 

 

RBSE

Below we describe the flow of receipt of the portion of the Revenue related to the Basic Network of the Existing System – RBSE[4] for the next cycles. It is important to note that they may be changed in the future, due to tariff review processes and/or review of parameters used for the composition of these revenues by the regulatory body. The values below underwent periodic tariff review, according to ratifying resolution No. 3,344/2024, and annual adjustment by the IPCA (Consumer Price Index) according to ratifying resolution (REH) 3,348/2024.

Note:

Economic component: future values based on the 2024-2025 cycle (according to REH 3,348/2024 of 07/16/2024)

Financial component: amounts published in REH 2,847/21. Subject to revision in view of the controversy in the methodology used to calculate these values by the regulatory agency.

RAP values up to the 2027-2028 cycle projected based on the values of REH 3348/2024.

4. Copel Distribuição
4.1 Financial Performance

Copel Distribuição reported adjusted EBITDA of R$607.3 million in 3Q24, an increase of 8.7%, basically due to the 4.4% growth in the billed grid market and the June 2024 tariff readjustment, with an average increase of 2.7% in TUSD (Distribution System Use Tariffs). In the year to September 2024, adjusted EBITDA reached R$1,790.1 million, an increase of 21.7% compared to the same period in 2023.


[4] It refers to the concession contract 060/2001, which represents 41.6% of the allowed annual revenue (RAP) from transmission of Copel Geração e Transmissão and proportional of the participations.

Expenses reported with PMSO, except for provisions and reversals, decreased 41.9% in 3Q24 compared to 3Q23, mainly due to the provision for indemnification of the PDV (Voluntary Dismissal Program) in 3Q23, in the amount of R$397.3 million. Excluding the effects of provisions for the PDV, PPD (performance bonus) and PLR (profit sharing), the personnel cost line decreased 8.1%. Isolating the effects of the accumulated inflation of 4.09% measured by the INPC (the National Consumer Price Index) there was a reduction of 11.7% related to personnel in the third quarter of 2024, mainly due to the reduction of 987 employees in the comparison between the periods, mostly related to the PDV concluded in August 2024.

 

Third-party services increased by R$24.4 million (+15.0%), substantially linked to the cleaning of easement strips and maintenance on network lines.

Other operating costs and expenses grew by R$21.0 million (+61.9%) due to losses on the decommissioning of assets because of the progress of the investment program and replacement of equipment in the period.

 

RESULTS | 3Q24  

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Copel Distribuição's reported net income in 3Q24 was R$243.8 million (compared to R$4.6 million in 3Q23). Excluding non-recurring events, net income decreased by 5%, basically because of the increase of R$20.2 million in depreciation and amortization in the period.

In the year-todate, net income was R$693.6 million, an increase of 78.2%, reflecting the PDV provision and additional one-third of vacations in 2023 and due to the improvement in operating performance in 2024.

Below are Copel Distribuição's main indicators:

Also noteworthy in 3Q24 were:

(i)a 13.4% increase in revenue from the availability of the electricity network, mainly due to the 6.0% growth in the grid market and the tariff readjustment in June 2024, with an average effect of 2.7% on the TUSD;
(ii)a 54.0% increase in revenue from sectoral financial assets and liabilities due to higher energy costs caused by thermal dispatch in 3Q24;
(iii)an increase of R$381.7 million in electricity purchased for resale (+25.0%), basically due to higher energy costs from the distributed generation system;
(iv)the 32.2% reduction in provisions and reversals, due to the R$27.3 million reduction in expected credit losses, offset by the R$5.1 million increase in provisions for litigation.

4.1.1 Regulatory Efficiency

Copel Distribuição recorded adjusted EBITDA of R$2,438.7 million in the last 12 months, equivalent to an efficiency of R$710.1 million, 41.1% above regulatory EBITDA.

Note: Regulatory EBITDA is calculated based on the WACC values on Remuneration Base + Special Obligations + LPLT/RGR, and QRR published in ANEEL's Technical Notes in the events of Review or Tariff Adjustment.

 

 

RESULTS | 3Q24  

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4.2 Operational Performance

4.2.1 Grid Market (TUSD)

Copel Distribuição's grid market, made up of the captive market, supply to concessionaires and permit holders within the state of Paraná and all the free consumers in its concession area, had a 6.0% increase in electricity consumption in 3Q24 compared to the same period last year and 8.2% year-to-date, mainly due to higher temperatures and greater economic activity in 2024. The billed grid market, which considers the energy compensated by Mini and Micro Distributed Generation (MMGD), increased by 4.4% in 3Q24 and 6.2% year-to-date.

4.2.2 Captive Market

The captive market showed an increase of 2.6% in electricity consumption in 3Q24 compared to the same period last year and 7.8% year-to-date. The billed captive market, which takes into account MMGD compensated energy, fell by -0.6% in 3Q24 and by 4.3% year-to-date.

4.2.3 Operational Data

Copel Distribuição has a concession in force until July 7, 2045, whose service quality criteria (Equivalent Interruption Duration per Consumer Unit - DEC and Equivalent Interruption Frequency per Consumer Unit - FEC) are defined by ANEEL (National Electricity Regulation Agency).

Despite the severe weather events in the state of Paraná in recent months, the company has acted in a timely manner to re-establish the power supply and prevent vegetation on the network, which has helped to keep the quality of service indices within the regulatory limits.

For DEC, the result for the last 12 months as of September 2024 was 8.23 hours, while for FEC, the result for the same period was 5.41 interruptions, both within the established regulatory limit.

 

Losses - Distribution losses can be defined as the difference between the electricity acquired by distributors and that billed to their consumers, and are segmented as Technical and Non-Technical. Technical Losses are inherent to the activity of electricity distribution and Non-Technical Losses originate mainly from theft (clandestine connection, direct detour from the network), fraud (meter tampering or detour), reading, measurement and billing errors.

At the end of September 2024, Technical Losses for the last 12 months were 2,260 GWh, compared to 2,070 GWh for the same period last year, and Non-Technical Losses were 657 GWh, compared to 673 GWh for the same period last year. Total losses over the last 12 months amounted to 2,917 GWh at the end of September 2024.

GWh - 12 Meses Sep/20 Sep/21 Sep/22 Sep/23 Sep/24
Injected Energy  32.377  34.374  35.216  35.780  39.057
Distribution Losses  2.465  2.651  2.651  2.743  2.917
Technical Losses  1.958  1.989  2.038  2.070  2.260
Non-Technical Losses  507  662  614  673  657

* Losses reflect the difference between the measured load and the billed market. In 2020, with the onset of the Covid-19 pandemic, the load shrank rapidly and the market did not respond at the same speed, due to the mismatch between the measurement calendar and the consumer billing calendar, reducing the volume of losses in this period.

Non-technical losses, calculated as the difference between total losses and technical losses, are largely associated with the concessionaire's management and the socio-economic characteristics of the concession areas. To this end, Copel maintains a Program to Combat Non-Technical Losses through the following actions:

üImprovement of actions to combat irregular procedures, improving the performance of targeted inspections;
 

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üInvestments aimed at the provision and/or acquisition of inspection equipment;
üPreparation and execution of specific training and retraining related to commercial losses;
üCarrying out inspections, both in Medium and Low Voltage;
üEducational notes in the press and messages on the electricity bill.
üJoint operations with the Civil Police and the Public Prosecutor's Office;
üOpening of a police investigation in the regions where significant numbers of irregular procedures were found.

The tariff transfer of efficient levels of losses is provided for in the concession contracts and these losses are included in the costs of energy purchases up to the regulatory limit stipulated by ANEEL. Copel Distribuição has remained within the regulatory limits in recent tariff processes.

 

 

5. Copel Comercialização

5.1  Financial Performance

Copel Comercialização presented adjusted EBITDA of R$3.2 million in 3Q24, mainly due to the difference between the hourly generation curve of contracts and the consumption profile and the difference in prices between energy submarkets, with an impact of approximately R$30.0 million.

The main adjustment in the quarter was the fair value of energy purchase and sale contracts (mark-to-market) - the amount calculated by the difference between the contracted price and the future market price estimated by the company - which was positive by R$17.9 million in 3Q24 compared to R$34.5 million in 3Q23, mainly as a result of the increase in energy prices.

Manageable costs fell by 36.9% in 3Q24, influenced essentially by the reduction in personnel due to the PDV (Voluntary Dismissal Program) provision in 3Q23, the decrease in insurance expenses (-R$0.2 million), recorded in the other costs line, partially offset by the increase in third-party services (+R$1.1 million) with communication, processing and data transmission.

 

The personnel and administrators account, excluding the effects of the PDV, PPD (performance bonus) and PLR (profit sharing), registered a decrease of 2.0% in 3Q24. Isolating the effects of accumulated inflation of 4.09%, measured by INPC (the National Consumer Price Index), there was a reduction of 5.9%.

 

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Net income in 3Q24 was R$20.5 million, up from a loss of R$7.0 million in 3Q23. This result is mainly due to the mark-to-market variation.

5.2 Operational Performance

Copel Comercialização recorded a 5.2% increase in the amount of energy sold in 3Q24, due to the effect of increased sales to traders under bilateral contracts (+24.3%). The graph shows the evolution of Copel Comercialização in terms of GWh sold.

 

 

 

6.ESG Performance

6.1 Copel, pioneer in ESG in the sector

Copel was the first company in the sector to produce an Environmental Impact Report for a generation project, and the first company in the energy sector in Brazil to become a signatory to the UN Global Compact in 2000. The company promotes actions to disseminate the UN's 2030 Agenda and implement the Sustainable Development Goals - SDGs in the electricity sector. Copel joined the Pact Commitment for Water and Energy Resilience and received the Pro-Gender and Race Equality Seal from the Federal Government. The Company received the Pro-Ethics Seal, 2018-2019 and 2020-2021 editions, awarded by CGU (Federal Comptroller General) and Instituto ETHOS, for the voluntary adoption of integrity measures, with public recognition for the commitment to implement measures aimed at preventing, detecting and remedying acts of corruption and fraud. Copel participates in the 100% Transparency Movement of the UN Global Compact, the first and largest initiative to promote corporate transparency in Brazil.

Environmental

§Net Zero Ambition Movement - Copel participates in the Net Zero Ambition Movement. The movement is part of the strategies developed by the Global Compact so that large companies together can promote actions that result in the reduction of greenhouse gases by 2030;
§Copel 2030 Neutrality Plan, approved by the Board: with the purpose of neutralizing Scope 1 Greenhouse Gas (GHG) emissions for the assets that Copel has operational control over (according to the concept established in the GHG Protocol methodology) by 2030;
§Copel is also part of the Brazilian Business Commitment to Biodiversity with the Brazilian Business Council for Sustainable Development (CEBDS).
 

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Social

§Actions and Programs - Solidarity Selective Collection; Cultivar Energia (Cultivate Energy) Program; EletriCidadania; Good Neighborhood Program; Diversity Commission; Human Rights Program; EducaODS; Iluminando Gerações; Mais que Energia (More Than Energy), among others.
§It has a Sustainability Policy, a People Management Policy and an Occupational Health and Safety Policy, among others.
§The Cultivar Energia (Cultivate Energy) program - it sets up community gardens under Copel's power lines - has been in existence for 10 years and has a partnership with 8 municipalities in Paraná, where 20 Copel gardens are distributed, currently benefiting around 4,000 people with healthy food and income generation. The gardens also protect Copel properties from irregular occupation, reinforce the company's presence and brand in the communities and beautify impoverished neighborhoods, transforming the environment and urban planning in the cities.

Governance

§Copel is a company with dispersed capital and no controlling shareholder;
§The Board of Directors is made up mostly of independent members and has statutory advisory committees: Statutory Audit Committee - CAE; Sustainable Development Committee - CDS, Investment and Innovation Committee - CII and People Committee - CDG;
§The CAE is made up of independent members, one of whom is an external member;
§Establishment of variable remuneration with ESG targets - 2023: 30% of PPD;
§Listed on B3's Governance Level 2;
§Adherence to the UN Global Compact's 100% Transparency Movement.

 

Priority SDGs of the Brazilian Electricity Sector

 

 

 

6.2 Recent Highlights

§With the divestment of all the shares in Copel's stake in UEG Araucária (UEGA) and Compagas, the company is consolidating its strategic plan for a 100% renewable energy matrix in operation.

6.3 Indicators

 

Regarding the scope 1 GHG indicator (tCO2), the data refers to direct greenhouse gas emissions from Copel's operations (thermal power plant, fleet, soil change and fugitive emissions) - data for 2024 will be verified later by a third party. GHG emissions are calculated every six months.

 

 

 

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6.4 Ratings, Ratings, and Indexes

 

Index Ranking Reference Year

14th position

4° in SEB

2023
CSA Score 70 2023
A- 2023
Yes 2023
Medium Risk 2023
A 2023

 

 

 

 

 

 

  7. Other highlights  

 

Available Cash Flow and Dividends

Available Cash Flow is defined in the Dividend Policy as: DCF = Cash generated by operating activities, less net cash used by investment activities, where: (a) Cash generated by operating activities: cash generated by operating activities in the fiscal year, before taxes, contributions (IRCS) and financial charges; (b) Net cash used by investment activities: amount invested in the fiscal year in non-current assets. The table below shows the DCF calculation as at September 30, 2024:

R$ thousand

 

09.30.2024
CASH FLOW FROM OPERATING ACTIVITIES
CASH GENERATED BY OPERATING ACTIVITIES 3.967.017
CASH FLOW FROM INVESTING ACTIVITIES
FROM ONGOING OPERATIONS (1.735.103)
FROM DISCONTINUED OPERATIONS 608.713
NET CASH USED BY INVESTING ACTIVITIES (1.126.390)
FCD AVAILABLE CASH FLOW 2.840.627

On September 11, the Board of Directors approved the payment of interim dividends related to the results of the first half of the year, to be paid on November 29, 2024, totaling R$485,1 million, of which: a) dividends in the amount of R$202,1 million; and b) interest on equity in the amount of R$283,0 million. More information can be found in the Notice to Shareholders 07/24.

Conclusion of Divestment in COMPAGAS

On September 16, the Company completed the divestment of its entire stake (51%) in Companhia Paranaense de Gás (Compagas). The Company received 40% of the equity value of R$906.0 million, adjusted as provided for in the contract considering the base date of December 31, 2023, and the remaining installments will be paid according to the following schedule: i. 30% by September 16, 2025; and ii. 30% by September 16, 2026.

 

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Conclusion of the Divestment at UEGA

On July 1st, the company completed the divestment of all the shares in Copel's 81.2% stake in UEG Araucária to Âmbar Energia. The transaction value (enterprise value) equivalent to Copel's stake in the asset was R$320.7 million.

Sale of Copel GeT real estate

The company completed the sale of assets unserviceable to Copel GeT's concessions, for a total of R$286.0 million, of which R$10.4 million has already been received, and the balance, plus interest and monetary restatement, will be received within 10 years. The operation, concluded in September 2024 with the signing of the purchase and sale agreements (CCVA), was carried out in two blocks: the sale of land and buildings located in Curitiba and the sale of properties located near hydroelectric power plants in the interior of the state of Paraná.

The gain from the sale process was R$264.4 million, after discounting the residual value and disposal costs.

New General Director for Copel Distribuição

Engineer Marco Antônio Villela de Abreu was appointed General Director of Copel Distribuição on August 19. He has over 30 years' experience in the energy sector, in multicultural environments and in large companies, especially in the electricity distribution segment. He was Director of Distribution Operations and Director of Energy Distribution at the CPFL group and CEO of Rio Grande Energia between 2019 and 2024.

New VP of People and Management

Ms. Márcia Baena took office as Vice-President of People and Management of the Copel group on September 9. With a degree in Psychology, she has more than 25 years' experience in people management, cultural transformation, remuneration strategy, career development and succession plans and diversity-supporting practices. She has worked at América Latina Logística (ALL), Seara Alimentos (Cargill Brazil), Grupo Pão de Açúcar and Burger King Brasil (ZAMP). Most recently, she was Executive Director of People, Management and Sustainability at Cruzeiro do Sul Educacional S.A.

New VP of Strategy, New Business and Digital Transformation

Mr. Diogo Mac Cord took office as Vice President of Strategy, New Business and Digital Transformation at Copel on October 15. He holds a PhD in Electrical Engineering and a degree in Mechanical Production Engineering, with master's degrees in Public Administration from Harvard University and Technology Development from LACTEC/UFPR. Between 2019 and 2022, he held the positions of Secretary for Infrastructure Development and Special Secretary for Privatization at the Ministry of Economy. He has developed a career in global consultancies, working in the energy and infrastructure sectors, with stints at KMPG and Ernst and Young - EY, where he most recently held the position of leader of infrastructure and regulated markets for Latin America.

New VP of Legal and Compliance

Mr. Yuri Müller Ledra took office as Vice President of Legal and Compliance on November 4. Mr. Ledra holds a degree in Law and Business Administration with a specialization in Civil Law and Business Law. He has national and international experience in infrastructure transactions and legal issues such as M&A, strategic and mass litigation, greenfield projects, ethics & compliance, corporate, environmental, out-of-court settlements, regulation, among others.

He worked in various areas at ENGIE Brasil, focusing on the energy, gas and services sector and most recently as Legal, Ethics and Data Protection Officer.

 

Modernization of the Bylaws

On October 30, the reform of Copel's Bylaws was approved. The change was motivated by the company's transformation into a corporation and the need to improve governance instruments to reflect best market practices. Among other changes, the Bylaws were modernized, including an adjustment to the structure of Copel Holding's board of directors, changing its composition and name. As a result, Copel now has a president (previously CEO), vice-presidents (previously directors) and directors (previously deputy directors).

 

 

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Disclaimer

The information contained in this document may include forward-looking considerations and reflects management's current perception and perspectives on the evolution of the macroeconomic environment, industry conditions, the Company's performance and financial results. Any statements, expectations, capabilities, plans and assumptions contained herein that do not describe historical facts, such as information regarding the dividend payment statement, the future direction of operations, the implementation of relevant operating and financial strategies, the investment program, factors or trends affecting financial condition, liquidity or results of operations are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995 and contemplate several risks and uncertainties. There is no guarantee that such results will occur. The statements are based on a number of factors and expectations, including economic and market conditions, industry competitiveness and operational factors. Any changes in such expectations and factors may imply that the actual result is materially different from current expectations.

 

 

 

 

Investor Relations

ri@copel.com

Phone: (41) 3331-4011

 

 

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Exhibit I - CONSOLIDATED RESULTS > INCOME STATEMENT

 

            R$ '000
Income Statement 3Q24 3Q23 Δ% 9M24 9M23 Δ%
OPERATING REVENUES   5,735,608   5,543,989   3.5   16,631,872   15,911,770  4.5
Electricity sales to final customers   1,970,334  2,023,937   (2.6)  6,255,268  5,753,677   8.7
Electricity sales to distributors   834,657  998,600 (16.4)  2,301,493  2,738,710   (16.0)
Use of the main distribution and transmission grid  1,660,092  1,502,528  10.5  5,133,304  4,347,990 18.1
Construction revenue  661,016  616,653 7.2  1,908,985  1,746,127   9.3
Fair value of assets from the indemnity for the concession 17,190   8,283   107.5   49,467   41,898 18.1
Result of Sectorial financial assets and liabilities  420,709  273,256  54.0 566,185 879,709   (35.6)
Other operating revenues  171,610  120,732  42.1 417,170 403,659   3.3
OPERATING COSTS AND EXPENSES (4,640,519) (5,160,282) (10.1) (13,715,653) (13,647,472)  0.5
Electricity purchased for resale (2,327,982) (1,995,559)  16.7   (6,314,383)   (5,694,126) 10.9
Charge of the main distribution and transmission grid (714,064) (764,852)   (6.6)   (2,222,422)   (2,118,488)   4.9
Personnel and management (278,929) (859,142) (67.5)   (857,625)   (1,561,690)   (45.1)
Pension and healthcare plans   (63,291)   (64,280)   (1.5)   (198,988)   (194,209)   2.5
Materials and supplies    (22,093)   (23,497)   (6.0)  (62,236)  (64,751)  (3.9)
Materials and supplies for power eletricity  -  (7,175)  - (936)  (17,654)   (94.7)
Third-party services (274,613) (265,684) 3.4   (772,679)   (728,352)   6.1
Depreciation and amortization (368,414) (347,777) 5.9   (1,089,197)   (1,027,232)   6.0
Provisions and reversals   (68,379) (141,171) (51.6)   (227,955)   (204,772) 11.3
Construction cost (658,392) (615,011) 7.1   (1,902,041)   (1,734,494)   9.7
Other cost and expenses  135,638   (76,134)  (278.2)  (67,191)   (301,704)   (77.7)
EQUITY IN EARNINGS OF SUBSIDIARIES  63,210  67,842 (6.8)  225,398  244,675   (7.9)
PROFIT BEFORE FINANCIAL RESULTS AND TAXES   1,158,299   451,549 156.5  3,141,617  2,508,973   25.2
FINANCIAL RESULTS (222,378) (322,810)  (31.1)   (780,237)   (899,289) (13.2)
Financial income  331,192  264,178  25.4 857,229 796,450   7.6
Financial expenses (553,570) (586,988)   (5.7)   (1,637,466)   (1,695,739)  (3.4)
OPERATIONAL EXPENSES/ INCOME   935,921   128,739 627.0  2,361,380  1,609,684   46.7
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT (198,541)   308,161  (164.4)   (628,745)  (93,059) 575.6
Income tax and social contribution on profit   (65,713) 27,870  (335.8)   (208,150)   (297,404)   (30.0)
Deferred income tax and social contribution on profit (132,828)  280,291  (147.4)   (420,595) 204,345 (305.8)
NET INCOME continuing operations   737,380   436,900 68.8  1,732,635  1,516,625   14.2
NET INCOME discontinued operations   479,709 4,263  -  491,571   (132,266) -
NET INCOME   1,217,089   441,163 175.9  2,224,206  1,384,359   60.7
Attributed to the controlling company's shareholders - continuing operations  744,556  441,894  68.5  1,759,435  1,520,816 15.7
Attributed to the controlling company's shareholders - discontinued operations  475,104  (6,489)  (7,421.7) 463,690   (141,029) (428.8)
Attributed to non-controlling shareholders- continuing operations  (7,142)  (1,465)  -  (15,458)  6,114  -
Attributed to non-controlling shareholders- discontinued operations   4,571   7,223  -   16,539 (1,542)  -
EBITDA continued operations 1,526,713 799,326 91.0   4,230,814   3,536,205   19.6

 

 

RESULTS | 3Q24  

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Exhibit I - CONSOLIDATED RESULTS > BALANCE SHEET

 

R$'000   R$'000
Assets Sep-24 Dec-23 Δ%   Liabilities Sep-24 Dec-23 Δ%
 CURRENT    14,948,050   13,715,730   9.0    CURRENT    10,344,091   9,309,433 11.1
 Cash and cash equivalents   7,580,218  5,634,623  34.5    Payroll, social charges and accruals   440,681  927,538 (52.5)
 Bonds and securities    6,291   4,763  32.1    Suppliers   2,299,771  2,154,430 6.7
 Collaterals and escrow accounts  9 9   -    Income tax and social contribution payable  71,673  132,979 (46.1)
 Customers    3,796,409  3,761,170 0.9    Other taxes due   296,582  346,083 (14.3)
 Dividends receivable  87,421 95,569   (8.5)    Loans and financing   2,012,297  675,980   197.7
 Sectorial financial assets  14,074 15,473   (9.0)    Debentures   1,342,205  1,225,649 9.5
 Account receivable related to concession  10,636   9,354  13.7    Minimum compulsory dividend payable   463,352  464,147   (0.2)
 Contract Assets   260,703  284,616   (8.4)    Post employment benefits   95,768 85,833  11.6
 Other current receivables   1,351,873  949,732  42.3    Customer charges due  68,654 61,466  11.7
 Inventories   147,233  174,726 (15.7)    Research and development and energy efficiency   169,911  320,196 (46.9)
 Income tax and social contribution   317,318  315,218 0.7    Accounts Payable related to concession   103,636  101,976 1.6
 Other current recoverable taxes   973,857  943,343 3.2    Net sectorial financial liabilities   1,205,291  476,103   153.2
 Prepaid expenses  53,863 62,869 (14.3)    Lease liability  59,975 49,742  20.6
 Related parties    751   1,336 (43.8)    Other accounts payable   1,399,890  859,456  62.9
 Assets held for sale   347,394  1,462,929 (76.3)    PIS and COFINS to be refunded to costumers  -  558,591   -
 NON-CURRENT    41,605,760   42,103,344 (1.2)    Provision for allocation of Pis and Cofins credits   290,000 -   -
 Long Term Assets    15,623,369   16,343,437 (4.4)    Provisions for litigation  -  336,000   -
 Bonds and securities   523,111  490,732 6.6    Liabilities associated with assets held for sale  24,405  533,264.0 (95.4)
 Other temporary investments  37,548 31,728  18.3   NON-CURRENT   20,742,778   22,317,974 (7.1)
 Customers    120,919  105,259  14.9    Suppliers   141,288  131,143 7.7
 Judicial deposits   395,267  634,712 (37.7)    Deferred income tax and social contribution   1,839,113  1,686,793 9.0
 Sectoral financial assets  42,222 15,473   172.9    Other taxes due   308,081  612,093 (49.7)
 Account receivable related to concession   3,235,809  2,809,901  15.2    Loans and financing   3,106,148  4,667,237 (33.4)
 Contract Assets   7,228,061  7,320,445   (1.3)    Debentures   9,766,979  8,393,457  16.4
 Other non-current receivables   1,156,677  853,340  35.5    Post employment benefits    1,416,448  1,398,410 1.3
 Income tax and social contribution  63,352 68,003   (6.8)    Research and development and energy efficiency   297,868  233,478  27.6
 Deferred income tax and social contribution    1,235,054  1,757,688 (29.7)    Accounts Payable related to concession    797,249  791,879 0.7
 Other non-current recoverable taxes   1,584,860  2,256,156 (29.8)    Net sectorial financial liabilities  - 27,888  -
 Prepaid expenses    489 -  -    Lease liability   279,866  220,700  26.8
 Investments    3,582,180   3,511,797   2.0    Other accounts payable   409,817  579,070 (29.2)
 Property, plant and equipment, net    10,204,330   10,825,421 (5.7)    PIS and COFINS to be refunded to costumers  -  173,135  -
 Intangible assets    11,874,756   11,170,089   6.3    Provision for allocation of Pis and Cofins credits   1,273,646  1,909,775 (33.3)
 Right to use an asset    321,125   252,600 27.1    Provisions for litigation   1,106,275  1,492,916 (25.9)
TOTAL   56,553,810   55,819,074   1.3   EQUITY   25,466,941   24,191,667   5.3
           Attributed to controlling shareholders    25,493,448   23,886,153 6.7
           Share capital     12,821,758   12,821,758  -
           Capital reserves    976 -  -
           Equity valuation adjustments   284,562  307,050   (7.3)
           Legal reserves   1,625,628  1,625,628  -
           Retained earnings   8,996,488  9,000,506   (0.0)
           Proposed additional dividend  -  131,211  -
           Accrued earnings   1,764,036 -  -
           Attributable to non-controlling interest     (26,507)  305,514  (108.7)
          TOTAL   56,553,810   55,819,074   1.3

 

 

RESULTS | 3Q24  

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Exhibit I - CONSOLIDATED RESULTS > CASH FLOW

 

    R$'000
  09/30/24 09/30/23
 CASH FLOWS FROM OPERATIONAL ACTIVITIES 
     
 Net income from continuing operations  1,732,635 1,516,625
     
 Adjustments to reconcile net income for the period with cash generation from operating activities:  3,799,845 3,344,571
 Unrealized monetary and exchange variation and debt charges - net  1,511,124 1,433,850
 Interest - bonus from the grant of concession agreements under the quota system  (88,600) (87,910)
 Remuneration of transmission concession contracts   (597,298)  (561,622)
 Income tax and social contribution    208,150   297,404
 Deferred income tax and social contribution    420,595  (204,345)
 Equity in earnings of investees   (225,398)  (244,675)
 Appropriation of post-employment benefits obligations    192,662   192,058
 Creation for research and development and energy efficiency programs    132,771   123,556
 Recognition of fair value of assets from the indemnity for the concession  (49,467) (41,898)
 Sectorial financial assets and liabilities result   (623,896)  (969,376)
 Depreciation and amortization  1,089,197 1,027,232
 Provision from the voluntary dismissal program   18,388   610,057
 Long-term incentives  976 -
 Net operating estimated losses, provisions and reversals    227,955   204,772
 Realization of added value in business combinations    (539)   (542)
 Fair value in energy purchase and sale operations   26,009 6,347
 Loss on disposal of accounts receivable related to concession 3,193 186
 Loss on disposal of contract assets   11,963 8,346
 Loss on disposal of property, plant and equipment   16,084 3,079
 Loss on disposal of intangible assets   62,406  32,177
 Result of write-offs of use rights of assets and liabilities of leases - net    (4,631)   (750)
 Assets disposal results   (264,434) -
     
 Decrease (increase) in assets 674,876 57,585
 Trade accounts receivable    583,818   164,172
 Dividends and interest on own capital received     158,889   111,960
 Judicial deposits  6,133  22,198
 Sectorial financial assets    124,699  52,035
 Other receivables   (39,671) (61,482)
 Inventories   27,493 7,570
 Income tax and social contribution recoverable   (162,094)  (142,982)
 Other taxes recoverable  (33,493) (77,858)
 Prepaid expenses  8,517   (3,819)
 Related parties  585 (14,209)
     
 Increase (decrease) in liabilities  (507,704)   360,062
 Payroll, social charges and accruals   (334,900)   158,508
 Related parties  - -
 Suppliers    110,944  53,968
 Other taxes    654,962   728,036
 Post-employment benefits   (164,689)  (160,277)
 Sectorial charges due  7,188  16,871
 Research and development and energy efficiency    (235,389)  (193,727)
 Payable related to the concession  (82,483) (87,200)
 Other accounts payable   (191,986)  86,143
 Provisions for legal claims  (271,351)  (242,260)
     
 CASH GENERATED BY OPERATING ACTIVITIES 3,967,017 3,762,218
     
 Income tax and social contribution paid   (257,299)  (272,512)
 Loans and financing - interest due and paid   (386,404)  (434,261)
 Debentures - interest due and paid   (658,810)  (708,469)
 Charges for lease liabilities paid  (23,957) (17,257)
     
 NET CASH GENERATED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS  2,640,547 2,329,719
 NET CASH GENERATED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS  3,620   118,351
 NET CASH GENERATED FROM OPERATING ACTIVITIES   2,644,167   2,448,070
     
 CASH FLOWS FROM INVESTMENT ACTIVITIES 
 Financial investments   (39,727)  (102,812)
 Additions to contract assets    (1,652,051)   (1,422,976)
 Acquisitions of subsidiaries - effect on cash  -  (911,450)
 Sale of investments  2,066 -
 Additions in investments - (10,780)
 Capital reduction of investees   37,129 -
 Additions to property, plant and equipment   (82,954)  (148,152)
 Sale of property, plant and equipment    10,357 -
 Additions to intangible assets    (9,923)   (6,107)
     
 NET CASH USED BY INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS    (1,735,103)   (2,602,277)
 NET CASH USED BY INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS    608,713 (24,156)
 NET CASH USED FROM INVESTING ACTIVITIES (1,126,390) (2,626,433)
     
 CASH FLOWS FROM FINANCING ACTIVITIES 
 Issue of loans and financing  2,474  45,325
 Transaction costs in the issuing of loans and financing    -   (6,886)
 Issue of debentures  2,320,000 2,900,000
 Transaction costs in the issuing of debentures  (55,612) (60,677)
 Payments of principal - loans and financing  (196,430)  (194,678)
 Payments of principal - debentures    (1,061,675)   (1,174,084)
 Amortization of principal of lease liabilities  (54,364) (51,896)
 Capital increase    - 2,031,619
 Transaction costs in the capital increase    - (14,941)
 Dividends and interest on own capital paid   (586,257)  (335,026)
     
 NET CASH  GENERATED (USED) BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS    368,136 3,138,756
 NET CASH GENERATED (USED)  BY FINANCING ACTIVITIES  FROM DISCONTINUED OPERATIONS     (9,656)   158,062
 NET CASH GENERATED (USED) FROM FINANCING ACTIVITIES    358,480   3,296,818
     
 TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS    1,876,257   3,118,455
     
 Cash and cash equivalents at the beginning of the period  5,634,623 2,678,457
 Cash and cash equivalents at the end of the period  7,580,218 5,557,791
 Change in cash and cash equivalents from discontinued operations  (69,338)   239,121
     
 CHANGE IN CASH AND CASH EQUIVALENTS    1,876,257   3,118,455

 

 

RESULTS | 3Q24  

25

 

 

 

Exhibit I - CONSOLIDATED RESULTS > ADJUSTED EBITDA AND FINANCIAL RESULT

 

        R$'000
  3Q24 3Q23 Δ% 9M24 9M23 Δ%
EBITDA 1,526.7 799.3 91.0 4,230.8 3,536.2 19.6
(-/+) Fair value in the purchase and sale of energy  (17.9)   34.5  (151.8)   26.0  6.3   309.8
(-/+) Impairment (0.5)  (16.1) (96.7) (2.4)  (54.0) (95.6)
(-/+) Provision (reversal) Incentive Dismissal Program   18.4 610.1 (97.0)   18.4 610.1 (97.0)
(-/+) Assets disposal   (264.4)   -  -   (264.4)   -  -
(-/+) Indemnity of adittional third of vacation bonus   -   -  -   - 138.2  -
(-/+) Hydrological Risk Renegotiation (GSF) - HPP Mauá   -  (26.4)  -   -  (26.4)  -
(-/+) Ebitda from discontinued Op. Compagas and UEGA   20.2   37.6 (46.4)   58.6 126.3 (53.6)
Adjusted EBITDA 1,282.5 1,439.1   (10.9) 4,066.9 4,336.7  (6.2)
(-/+) Equity in earnings of subsidiaries  (63.2)  (67.8)   (6.8)   (225.4)   (244.7)   (7.9)
(-/+) NRV  (17.2) (8.3)   107.3  (49.5)  (41.9)  18.1
(-/+) Revenue Adjustment TRA IFRS/Regulatory   37.7   28.5  32.3   57.6  (28.3)  -
Adjusted EBITDA without earnings of subsidiaries, NRV and IFRS effect 1,239.7 1,391.4   (10.9) 3,849.6 4,021.8  (4.3)
             
            R$'000
  3Q24 3Q23 Δ% 9M24 9M23 Δ%
Financial Revenues  331,192  264,178 25.4  857,229  796,450   7.6
Income from investments held for trading 205,967 168,252  22.4 537,453 367,440  46.3
Late fees on electricity bills   62,839   43,664  43.9 166,016 156,334 6.2
Monetary restatement and adjustment to present value of accounts payable related to concession 764   12,883 (94.1)   17,838   69,059 (74.2)
Income from sectorial assets and liabilities 5,281 9,850 (46.4)   40,795   55,755 (26.8)
Exchange variation About Purchase Itaipu Electric Power 2,051 912   124.9 2,625   14,026 (81.3)
Interest on taxes to be compensated   40,253   17,421   131.1   58,695   50,974  15.1
Income and monetary restatement of judicial deposits   10,467   13,115 (20.2)   26,724   41,392 (35.4)
Other financial revenues   17,342 8,456   105.1   42,046   71,335 (41.1)
(-) Pis/Pasep and Cofins on revenues  (13,772)  (10,375)  32.7  (34,963)  (29,865)  17.1
Financial Expenses (553,570) (586,988)  (5.7) (1,637,466) (1,695,739)  (3.4)
Monetary variation, foreign exchange and debt service charges   (419,198)   (442,960)   (5.4)   (1,251,890)   (1,355,043)   (7.6)
Monetary variation and adjustment to present value of accounts payable related to concession  (35,722)  (33,441) 6.8   (107,907)   (101,224) 6.6
Exchange variation About Purchase Itaipu Electric Power   (5,674)   (6,073)   (6.6)  (20,000)   (7,785)   156.9
Pis/ Pasep and Cofins taxes over interest on equity   -  (69,496)  -  (27,812)  (70,754) (60.7)
Income from sectorial assets and liabilities   -   (845)  -  (33,027)   (3,774)  -
Interest on R&D and PEE   (5,608)   (6,604) (15.1)  (16,723)  (20,155) (17.0)
Interest on tax installments   (6,647)  (10,127) (34.4)  (21,110)  (31,006) (31.9)
Interest on lease liabilities   (5,097)   (5,617)   (9.3)  (19,877)  (17,259)  15.2
Monetary variation of litigation  (39,642)   -  -  (70,988)   -  -
Other financial expenses  (14,326)  (14,279) 0.3  (41,747)  (29,701)  40.6
Uptade of provision for allocation of Pis and Cofins credits  (21,656) 2,454  -  (26,385)  (59,038) (55.3)
Financial income (expenses) (222,378) (322,810)   (31.1) (780,237) (899,289)   (13.2)

 

 

RESULTS | 3Q24  

26

 

 

 

Exhibit I - CONSOLIDATED RESULTS > EQUITY IN EARNINGS OF SUBSIDIARIES AND INDICATORS

 

                R$'000
Variation in Equity in earnings of subsidiaries   3Q24 3Q23 Δ% 9M24 9M23 Δ%
Joint Ventures      57,344 61,965 (7.5) 211,365 227,989  (7.3)
Voltalia São Miguel do Gostoso I Participações S.A.       3,656 1,921  90.3  (1,189) (604)  96.9
Caiuá Transmissora de Energia S.A.      2,700 2,678   0.8   9,113   9,409   (3.1)
Integração Maranhense Transmissora de Energia S.A.      4,600 4,514   1.9 14,364 19,345 (25.7)
Matrinchã Transmissora de Energia (TP NORTE) S.A.     18,007  18,993  (5.2) 65,354 64,765 0.9
Guaraciaba Transmissora de Energia (TP SUL) S.A.     12,664 6,547  93.4 35,199 25,938  35.7
Paranaíba Transmissora de Energia S.A.      6,096 6,029   1.1 21,490 29,652 (27.5)
Mata de Santa Genebra Transmissão S.A.      2,387  12,356 (80.7) 36,764 45,401 (19.0)
Cantareira Transmissora de Energia S.A.      7,181 8,836 (18.7) 30,138 33,764 (10.7)
Solar Paraná     53   91 (41.8)  132  319 (58.6)
Associates     5,866   5,877 (0.2)   14,033   16,686   (15.9)
Dona Francisca Energética S.A.      1,480 1,673 (11.5)   4,002 4,191   (4.5)
Foz do Chopim Energética Ltda.      4,386 4,203   4.4 10,033 12,496 (19.7)
Others ¹     - 1 -  (2)  (1)   100.0
 TOTAL        63,210 67,842 (6.8) 225,398 244,675  (7.9)
1 Includes Carbocampel S.A.          
                 
                R$'000
Main Indicators -Associates  Sep-24         Dona Francisca Foz do Chopim
Total assets             175,556     47,038
Shareholder’s equity¹             151,165     45,054
Net operating revenue            50,135     37,827
Net Income            17,377     28,053
Participation in the enterprise - %             23.0     35.8
Investment book value            34,814     16,114
                R$'000
Main Indicators -Joint ventures
Sep-24
Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
Total assets  237,555  345,586  619,605 3,022,708   1,663,747   2,084,031   3,750,192   1,845,650
Shareholder’s equity¹  237,334  281,644  435,435 2,100,980   1,076,087   1,272,743   1,386,843   988,182
Net operating revenue  -  26,521  43,377 223,769   132,360   169,514   280,342   126,689
Net Income  (2,526)  18,599  29,314 133,375  71,834  87,713  73,382  61,504
Participation in the enterprise - %  49.0   49.0   49.0 49.0   49.0   24.5   50.1   49.0
Investment book value  116,295  138,005  213,362 1,029,479   527,282   311,822   694,808   484,208
Note: Income from Transmitters according to adjustments for the application of CPC 47 / IFRS 15 in the Corporate Statements.

 

 

RESULTS | 3Q24  

27

 

 

 

Exhibit I - CONSOLIDATED RESULTS > SHARE CAPITAL

 

Share Capital -  As of September, 30,2024 *
                   Thousand shares 
Shareholders Common % Preferred "A" % Preferred "B" % Special ** TOTAL %
State of Paraná 358,563 27.6%  -   -  116,081 6.9%  <1   474,644 15.9%
BNDESPAR 131,162 10.1%  -   -  524,646 31.2%  -  655,808 22.0%
Free Floating 807,503 62.1%   705 22.5%  1,037,645 61.8%   -  1,845,854 61.9%
B3   791,447 60.9% 705 22.5%   948,476 56.5%   - 1,740,629 58.4%
NYSE 15,848 1.2%  -   -  87,520 5.2%  -   103,368 3.5%
LATIBEX   208 0.0%  -   - 1,649 0.1%  - 1,858 0.1%
Other  3,120 0.2%   2,423 77.5%   962 0.1%   -   6,505 0.2%
TOTAL 1,300,347 100%   3,128 100%  1,679,335 100%  <1   2,982,811 100%
* The 209th Extraordinary General Assembly approved the undoing of the UNITS Program, ending in December/23.

** State of Paraná has a special class preferred share with veto power as established in the Statute.

 

 

 

RESULTS | 3Q24  

28

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL GET (CONSOLIDATED)

 

        R$'000
Income Statement 3Q24 3Q23 Δ% 9M24 9M23 Δ%
OPERATING REVENUES 1,096,920 1,364,139   (19.6) 3,311,337 3,902,035   (15.1)
 Electricity sales to distributors    866,089  1,108,787  (21.9)  2,528,737  3,054,871  (17.2)
 Use of the main transmission grid   204,312  238,372  (14.3)  708,172  744,147 (4.8)
 Construction revenue  19,014   8,574  121.8 48,888 80,168  (39.0)
 Other operating revenues    7,505   8,406  (10.7) 25,540 22,849 11.8
OPERATING COSTS AND EXPENSES (430,080) (938,675)   (54.2) (1,693,164) (2,278,856)   (25.7)
 Electricity purchased for resale    (66,075)   (99,266)  (33.4) (111,715) (171,239)  (34.8)
 Charges of main distribution and transmission grid  (143,403) (146,550) (2.1) (438,291) (442,346) (0.9)
 Personnel and management    (87,689) (276,159)  (68.2) (278,444) (501,998)  (44.5)
 Pension and healthcare plans    (19,173)   (20,232) (5.2)   (60,604)   (61,099) (0.8)
 Materials and supplies    (6,030)  (5,868)   2.8   (14,557)   (14,792) (1.6)
 Materials and supplies for power eletricity  -  (6,657)   (100.0) (936)   (17,654)  (94.7)
 Third-party services    (68,491)   (66,872)   2.4 (202,014) (201,050)   0.5
 Depreciation and amortization  (205,511) (205,446)   0.0 (625,566) (611,009)   2.4
 Provisions and reversals    (16,479)   (75,925)  (78.3)   (22,617)   (55,240)  (59.1)
 Construction cost    (16,390)  (6,932)  136.4   (41,944)   (68,535)  (38.8)
 Other cost and expenses   199,161   (28,768)   (792.3)  103,524 (133,894)   (177.3)
EQUITY IN EARNINGS OF SUBSIDIARIES  58,021  64,156  (9.6)   222,454   240,769  (7.6)
PROFIT BEFORE FINANCIAL RESULTS AND TAXES   724,861   489,620  48.0   1,840,627   1,863,948  (1.3)
FINANCIAL RESULTS (133,918) (163,145)   (17.9) (447,250) (583,729)   (23.4)
 Financial income   106,711 83,126 28.4  275,770  255,509   7.9
 Financial expenses  (240,629) (246,271) (2.3) (723,020) (839,238)  (13.8)
OPERATIONAL EXPENSES/ INCOME   590,943   326,475  81.0   1,393,377   1,280,219 8.8
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT (186,599)   102,134 (282.7) (317,381) (162,636)  95.1
 Income tax and social contribution on profit    (60,379) 32,034   (288.5) (174,792) (188,544) (7.3)
 Deferred income tax and social contribution on profit  (126,220) 70,100   (280.1) (142,589) 25,908   (650.4)
NET INCOME continuing operations   404,344   428,609  (5.7)   1,075,996   1,117,583  (3.7)
NET INCOME discontinued operations  12,004   (19,800) (160.6)   (18,377) (216,105)   (91.5)
NET INCOME    416,348   408,809 1.8   1,057,619   901,478  17.3
Attributed to shareholders of the parent company - continuing operations  404,344  431,535 (6.3)  1,084,352  1,127,695 (3.8)
Attributed to the controlling company's shareholders - discontinued operations 12,004   (13,839)   (186.7)   (11,586) (137,766)  (91.6)
Attributed to non-controlling shareholders  -  (8,887)   (100.0)   (15,147)   (88,451)  (82.9)
EBITDA continuing operations  930,372  695,066 33.9  2,466,193  2,474,957  (0.4)

 

 

RESULTS | 3Q24  

29

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS

 

        R$'000
Income Statement 3Q24 3Q23 Δ% 9M24 9M23 Δ%
OPERATING REVENUES   4,352,365   3,907,992  11.4   12,556,067   11,069,533  13.4
 Electricity sales to final customers    1,482,084  1,446,879   2.4  4,835,789  4,049,555 19.4
 Electricity sales to distributors   62,718 48,016 30.6 83,935  140,456  (40.2)
 Use of the main distribution grid   1,568,245  1,383,344 13.4  4,774,303  3,918,209 21.8
 Construction revenue   642,002  608,079   5.6  1,860,097  1,665,959 11.7
 Fair value of assets from the indemnity for the concession  17,190   8,284  107.5 49,467 41,897 18.1
 Sectorial assets and liabilities result   420,709  273,257 54.0  566,185  879,709  (35.6)
 Other operating revenues   159,417  140,133 13.8  386,291  373,748   3.4
OPERATING COSTS AND EXPENSES (3,893,834) (3,870,778) 0.6 (11,163,695) (10,430,291) 7.0
 Electricity purchased for resale  (1,910,333) (1,528,666) 25.0 (5,222,496) (4,489,552) 16.3
 Charges of main transmission grid  (676,178) (731,154) (7.5) (2,113,943) (1,971,815)   7.2
 Personnel and management  (166,337) (545,302)  (69.5) (514,553) (983,750)  (47.7)
 Pension and healthcare plans    (41,217)   (41,429) (0.5) (129,216) (125,133)   3.3
 Materials and supplies     (15,409)   (17,244)  (10.6)   (46,026)   (48,957) (6.0)
 Third-party services  (187,818) (163,376) 15.0 (519,102) (467,631) 11.0
 Depreciation and amortization  (152,595) (132,378) 15.3 (433,938) (385,557) 12.5
 Provisions and reversals    (46,879)   (69,140)  (32.2) (188,091) (146,437) 28.4
 Construction cost  (642,002) (608,079)   5.6 (1,860,097) (1,665,959) 11.7
 Other cost and expenses    (55,066)   (34,010) 61.9 (136,233) (145,500) (6.4)
PROFIT BEFORE FINANCIAL RESULTS AND TAXES   458,531  37,214   1,132.1   1,392,372   639,242   117.8
FINANCIAL RESULTS (103,031) (125,173)   (17.7) (381,617) (330,968) 15.3
 Financial income   162,905  110,327 47.7  367,811  364,640   0.9
 Financial expenses  (265,936) (235,500) 12.9 (749,428) (695,608)   7.7
OPERATIONAL EXPENSES/ INCOME   355,500   (87,959) (504.2)   1,010,755   308,274  227.9
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT (111,695)  92,569  (220.7) (317,165)  (2,444)   12,877.3
 Income tax and social contribution on profit  -   1,474  (100.0) -   (75,140)   (100.0)
 Deferred income tax and social contribution on profit  (111,695) 91,095   (222.6) (317,165) 72,696   (536.3)
NET INCOME (LOSS)   243,805 4,610   5,188.6   693,590   305,830  126.8
EBITDA  611,126  169,592  260.4  1,826,310  1,024,799 78.2

 

 

RESULTS | 3Q24  

30

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS

 

        R$'000
OPERATING REVENUE 3Q24 3Q23 Δ% 9M24 9M23 Δ%
Electricity sales to final customers 1,816,194 1,746,138 4.0   5,831,298   4,816,963  21.1
 Residential    866,777   783,534 10.6   2,736,461   2,133,650 28.3
 Industrial    173,431   198,150  (12.5)  527,212   533,185 (1.1)
 Commercial, service and other activities    416,827   404,894   2.9   1,371,374   1,143,960 19.9
 Rural    183,580   173,464   5.8  615,340   492,363 25.0
 Public Sector   63,484  58,749   8.1  212,449   165,383 28.5
 Street lightining   50,113  47,619   5.2  141,632   132,914   6.6
 Public Service   61,982  79,728  (22.3)  226,830   215,508   5.3
Donations and subsidies 283,646 228,204  24.3   826,980   652,981  26.6
Electricity sales to distributors    65,329   50,123  30.3  88,072   146,659   (39.9)
 Bilateral contracts  4,068 4,952  (17.9) 16,471  15,172   8.6
 Electricity Trading Chamber - CCEE   61,261  45,171 35.6 71,601   131,487   -
Use of the main distribution grid 2,920,059 2,618,520  11.5   8,874,798   7,345,705  20.8
 Residential    957,338   836,588 14.4   2,962,998   2,341,546 26.5
 Industrial    338,325   307,627 10.0  965,024   763,599 26.4
 Commercial, service and other activities    521,217   472,809 10.2   1,644,790   1,339,634 22.8
 Rural    208,072   189,694   9.7  679,621   565,426 20.2
 Public Sector   75,184  66,894 12.4  241,233   192,317 25.4
 Street lightining   52,129  52,210 (0.2)  152,137   150,045   1.4
 Public Service   57,505  64,914  (11.4)  194,389   179,616   8.2
 Free Market    666,994   588,220 13.4   1,912,089   1,712,820 11.6
 Dealers and generators   43,295  39,564   9.4  122,517   100,702 21.7
Construction Revenue 642,002 608,079 5.6   1,860,097   1,665,959  11.7
Fair value of assets from the indemnity for the concession   17,190  8,284   107.5  49,467   41,898  18.1
Sectorial assets and liabilities result 463,591 301,109  54.0   623,895   969,376   (35.6)
Other operating income 175,668 154,416  13.8   425,665   412,810 3.1
 Leases and rentals    162,847   112,820 44.3  404,046   338,573 19.3
 Income from the provision of services  1,942   (1,133)   -   3,696 4,619  (20.0)
 Other income   10,879  42,729   - 17,923  69,618  (74.3)
RECEITA OPERACIONAL BRUTA 6,383,679 5,714,873  11.7 18,580,272 16,052,351  15.7
(-) Tributos e deduções  (2,031,314)  (1,806,881)  12.4 (6,024,205) (4,982,818)  20.9
 (-) PIS/PASEP e COFINS   (453,255)  (406,685) 11.5 (1,315,394) (1,161,128) 13.3
 (-) ICMS   (794,979)  (680,989) 16.7 (2,436,437) (1,744,143) 39.7
 (-) Encargos Setoriais   (783,080)  (719,207)   8.9 (2,272,374) (2,077,534)   9.4
 (-) ISS   -  -   -  - (13)   -
NET OPERATING REVENUES  4,352,365  3,907,992 11.4  12,556,067  11,069,533 13.4

 

 

RESULTS | 3Q24  

31

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL COM (MERCADO LIVRE)

 

        R$'000
Income Statement 3Q24 3Q23 Δ% 9M24 9M23 Δ%
 OPERATING REVENUES    901,385   987,856  (8.8)   2,590,380   3,019,731   (14.2)
 Electricity sales to final customers    488,576  577,462  (15.4)  1,420,544  1,705,263  (16.7)
 Electricity sales to distributors    410,894  438,200 (6.2)  1,167,170  1,306,933  (10.7)
 Other operating revenues    1,915   (27,807)   (106.9)   2,666   7,535  (64.6)
 OPERATING COSTS AND EXPENSES  (880,878) (1,008,263)   (12.6) (2,549,093) (2,931,809)   (13.1)
 Electricity purchased for resale  (871,755) (994,997)  (12.4) (2,523,054) (2,901,011)  (13.0)
 Personnel and management   (3,591)  (8,351)  (57.0)   (11,152)   (17,463)  (36.1)
 Pension and healthcare plans  (429) (443) (3.1)  (1,321)  (1,424) (7.2)
 Materials and supplies     (14)   (27)  (49.7)   (48)   (60)  (20.0)
 Third-party services   (1,847) (747)  147.4  (4,253)  (2,887) 47.3
 Depreciation and amortization  (443) (433)   2.2  (1,313)  (1,563)  (16.0)
 Provisions and reversals   (1,847)  (2,006) (7.9)  (4,436)  (3,255) 36.3
 Other cost and expenses  (953)  (1,259)  (24.3)  (3,516)  (4,146)  (15.2)
 PROFIT BEFORE FINANCIAL RESULTS AND TAXES   20,508   (20,407) (200.5)  41,287  87,922   (53.0)
 FINANCIAL RESULTS   10,626 9,849 7.9  29,924  27,734 7.9
 Financial income  10,731   9,961   7.7 30,166 27,998   7.7
 Financial expenses  (105) (112) (6.5) (242) (264) (8.4)
 OPERATIONAL EXPENSES/ INCOME   31,134   (10,558) (394.9)  71,211   115,656   (38.4)
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT    (10,667) 3,596 (396.7)   (23,980)   (34,780)   (31.1)
 Income tax and social contribution on profit   (4,893)  (7,433)  (34.2)   (32,723)   (27,849) 17.5
 Deferred income tax and social contribution on profit   (5,774) 11,029   (152.4)   8,743  (6,931)   (226.1)
 NET INCOME (LOSS)   20,467  (6,962) (394.0)  47,231  80,876   (41.6)
EBITDA  20,951   (19,974) (204.9)  42,600  89,485   (52.4)

 

 

RESULTS | 3Q24  

32

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT FOR THE QUARTER BY COMPANY

 

R$'000
 Income Statement 3Q24   GET   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   C. Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Elimination   Consolidated 
 Geração   Transmissão 
 NET OPERATING INCOME   528,893  211,441   4,352,365   155,965 19,880 -   2,920   182,149   156,887   9,425 21,098   901,383 -   (806,798) 5,735,608
 Electricity sales to final customers    -   -   1,482,084 - - - - - - - -   488,575 - (325)  1,970,334
 Electricity sales to distributors   517,630   -  62,717 -  19,760 - -   182,150   156,884   9,425 -   410,894 - (524,803) 834,657
 Use of the main distribution and transmission grid (TUSD/ TUST)    -  187,755   1,568,245 - - - - - - -  18,665 - - (114,573)  1,660,092
 Construction revenue    - 16,588   642,002   3,287 - - - - - -   2,426 - -  (3,287) 661,016
 Fair value of assets from the indemnity for the concession    -   -  17,190 - - - - - - - - - -   -   17,190
 Distribution of piped gas    -   - -   152,678 - - - - - - - - - (152,678)  -
 Sectoral assets and liabilities result    -   -   420,709 - - - - - - - - - -   - 420,709
 Other operating revenues  11,263   7,098   159,418 -   120 -   2,920  (1)   3 -   7   1,914 -   (11,132) 171,610
 OPERATING COSTS AND EXPENSES    (187,540) (6,451) (3,893,834) (140,556)   (26,214) -  (2,072) (160,633)   (71,122)  (5,796)  (4,457) (880,878)   (62,277)  801,310   (4,640,519)
 Energy purchased for resale     (37,649)   -  (1,910,333) -  (2,871) - - (19,446)  (7,404)  (1,572) -  (871,755) -  523,048 (2,327,982)
 Charges of the main distribution and transmission grid    (89,832)   -  (676,178) -  (6,104) - - (17,327) (38,231)  (345) - - -  113,953   (714,064)
 Personnel and management    (47,883)   (35,249)  (166,338)  (7,703)  (1,547) - (39)  (3,726)  (525)  (140)  (166)  (3,591) (19,724)   7,702   (278,929)
 Private pension and health plans     (10,666)  (7,796) (41,217)  (1,003) (40) -  (6)  (581) (82) (22) (26)  (429)  (2,426)   1,003  (63,291)
 Materials and supplies   (2,931)  (1,969) (15,409)  (449)  (138) - -  (724)  (346) (21) (31) (14)  (502)  441  (22,093)
 Materials and supplies for power eletricity    -   - - - - - - - - - - - -   -  -
 Natural gas and supplies for gas business    -   - -  (113,280) - - - - - - - - -  113,280  -
 Third-party services    (24,009)   (12,365)  (187,818)  (1,166)  (4,684) -  (972) (31,746)  (9,371)  (688)  (1,182)  (1,847) (11,753) 12,988   (274,613)
 Depreciation and amortization    (89,870)  (4,403)  (152,595)  (4,752)  (7,972) -  (1,053) (69,143) (31,885)  (2,847) (11)  (443)  (843)  (2,597)   (368,414)
 Provisions and reversals    (10,873)  (5,082) (46,881)  (5,019) - - -  (285) - -  (356)  (1,847) (20,182) 22,145  (68,379)
 Construction cost    -   (13,987)  (642,002)  (3,287) - - - - - -  (2,403) - -   3,287   (658,392)
 Other operating costs and expenses   126,173 74,400 (55,063)  (3,897)  (2,858) -  (2) (17,655)  16,722  (161)  (282)  (952)  (6,847)   6,060 135,638
 EQUITY IN EARNINGS OF SUBSIDIARIES  53,839 70,463 - - - - -   5,422 - - - -   673,175   (739,689)   63,210
 EARNINGS BEFORE INCOME TAXES   395,192  275,453   458,531 15,409  (6,334) -   848 26,938 85,765   3,629 16,641 20,505   610,898   (745,177) 1,158,299
 FINANCIAL RESULTS   (76,970)  (50,400) (103,031)  (5,518)   (29,724) -  (1,043)   (14,328)   5,391   1,151   1,238 10,626 34,711  5,519  (222,378)
 Financial income  35,847 21,724   162,905   4,279   4,628 -   1,230  40,722   5,526   1,151   1,741  10,731  47,308  (6,600) 331,192
 Financial expenses  (112,817)   (72,124)  (265,936)  (9,797) (34,352) -  (2,273) (55,050)  (135) -  (503)  (105) (12,597) 12,119   (553,570)
 OPERATIONAL EXPENSES / INCOME   318,222  225,053   355,500   9,891   (36,058) - (195) 12,610 91,156   4,780 17,879 31,131   645,609   (739,658) 935,921
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT   (83,874)  (55,059) (111,695)  (3,698) 12,252 - (780)   (17,222)   (30,987) (686)  (1,169)   (10,667) 98,947  6,097  (198,541)
NET INCOME continuing operations  234,348  169,994   243,805   6,193   (23,806) - (975)  (4,612) 60,169   4,094 16,710 20,464   744,556   (733,561) 737,380
NET INCOME discontinued operations 12,004   - - - - - - - - - - -   475,104 (7,399) 479,709
NET INCOME  246,352  169,994   243,805   6,193   (23,806) - (975)  (4,612) 60,169   4,094 16,710 20,464   1,219,660   (740,960) 1,217,089
Attributed to shareholders of the parent company - continuing operations  234,348  169,994   243,805 - (16,902) -  (975)  (4,612)  60,169   4,094  16,710  20,464   771,712 (754,251) 744,556
Attributed to the controlling company's shareholders - discontinued operations 12,004   - -   3,158 - - - - - - - -   447,948 11,994 475,104
Attributed to non-controlling shareholders  - continuing operations   -   - - -  (6,904) - - - - - - - - (238) (7,142)
Attributed to non-controlling shareholders  - discontinued operations   -   - -   3,035 - - - - - - - - -   1,536  4,571
EBITDA continuing operations 485,062 279,856  611,126 20,161 1,638   - 1,901 96,081  117,650 6,476 16,652 20,948  611,741  (742,580)   1,526,713
                               
R$'000
 Income Statement 3Q23   GET   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   C. Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Elimination   Consolidated 
 Geração   Transmissão 
 NET OPERATING INCOME   704,719  240,649   3,907,992   242,573 31,036  -  -   199,932   213,301   7,129 15,481   987,856  - (1,006,679) 5,543,989
 Electricity sales to final customers  - -   1,446,878  -  -  -  -  -  -  -  -   577,462  - (403)  2,023,937
 Electricity sales to distributors   688,765 -  48,015  -  30,789  -  -   199,931   213,298   7,129  -   438,200  - (627,527) 998,600
 Use of the main distribution and transmission grid (TUSD/ TUST)  -  224,613   1,383,343  -  -  -  -  -  -  -  16,342  -  - (121,770)  1,502,528
 Construction revenue  -   9,442   608,079   4,265  -  -  -  -  -  -  (868)  -  -  (4,265) 616,653
 Fair value of assets from the indemnity for the concession  - -   8,283  -  -  -  -  -  -  -  -  -  - -  8,283
 Distribution of piped gas  - -  -   238,304  -  -  -  -  -  -  -  -  - (238,304)   -
 Sectoral assets and liabilities result  - -   273,256  -  -  -  -  -  -  -  -  -  - - 273,256
 Other operating revenues  15,954   6,594   140,138   4   247  -  -   1   3  -   7 (27,806)  -   (14,410) 120,732
 OPERATING COSTS AND EXPENSES    (496,114)   (187,398) (3,870,778) (202,225)   (23,651)   (22,213)   357 (129,313) (126,847)  (4,499)  (1,590) (1,008,263)   (70,976)  983,228   (5,160,282)
 Energy purchased for resale     (58,963) -  (1,528,666)  - (26)  -  -  (6,421) (34,156) (61)  -  (994,997)  -  627,731 (1,995,559)
 Charges of the main distribution and transmission grid    (91,681) -  (731,154)  -  (6,225)  (9,051)  - (16,270) (40,620)  (337)  -  -  -  130,486   (764,852)
 Personnel and management  (156,490) (114,062)  (545,301) (12,617)  (1,278)  (1,439) (15)  (4,479)  (629)  (297)  (206)  (8,351) (28,037) 14,059   (859,142)
 Private pension and health plans     (11,318)  (8,154) (41,429)  (1,555) (44)  (166)  (2)  (620) (87) (24) (29)  (443)  (2,130)   1,721  (64,280)
 Materials   (3,755)  (1,289) (17,244)  (609) (31) (10)  -  (570)  (242)  (4) (12) (27)  (324)  620  (23,497)
 Raw material and supplies - energy production    (7,175) -  -  -  -  (432)  -  -  -  -  -  -  -  432 (7,175)
 Natural gas and supplies for gas business  - -  -  (165,473)  -  -  -  -  -  -  -  -  -  165,473   -
 Third-party services    (28,990)   (13,071)  (163,375)  (3,942)  (3,912)  (5,737)  (132) (24,602)  (8,946)  (688)  (1,628)  (747) (31,678) 21,763   (265,685)
 Depreciation and amortization    (94,804)  (4,246)  (132,378) (10,732)  (8,379)  (5,250)  (373) (64,275) (31,897)  (2,860) (12)  (433)  (768)   8,629   (347,778)
 Provisions and reversals    (39,468)   (36,124) (69,140)   734  -  (3)  -  (161)  -  -  (283)  (2,006)   633   4,647   (141,171)
 Construction cost  -  (7,800)  (608,079)  (4,265)  -  -  -  -  -  -   868  -  -   4,265   (615,011)
 Other operating costs and expenses   (3,470)  (2,652) (34,012)  (3,766)  (3,756)  (125)   879 (11,915) (10,270)  (228)  (288)  (1,259)  (8,672)   3,402  (76,132)
 EQUITY IN EARNINGS OF SUBSIDIARIES  93,239 79,666  -  -  -  -  - 42,565  -  -  -  -   434,934   (582,562)   67,842
 EARNINGS BEFORE INCOME TAXES   301,845  132,917 37,214 40,348   7,385   (22,213)   357   113,184 86,454   2,630 13,891   (20,407)   363,958   (606,014) 451,549
 FINANCIAL RESULTS   (94,132)  (58,596) (125,173)  (4,244)   (13,798) (510) (140)   (19,280)   6,546   841   1,475   9,849   (30,399)  4,751  (322,810)
 Financial income  26,303 14,934   110,327  11,267  18,396   1,125  86  32,205   6,726   842   2,115   9,961  42,933   (13,042) 264,178
 Financial expenses  (120,435)   (73,530)  (235,500) (15,511) (32,194)  (1,635)  (226) (51,485)  (180)  (1)  (640)  (112) (73,332) 17,793   (586,988)
 OPERATIONAL EXPENSES / INCOME   207,714 74,321   (87,959) 36,104  (6,413)   (22,723)   217 93,904 93,000   3,471 15,366   (10,558)   333,559   (601,264) 128,739
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT  97,453 57,675 92,569   (12,649)   1,528  -  -   (16,541)   (31,495) (508)  (1,223)   3,596   108,335  9,421 308,161
NET INCOME continuing operations  305,167  131,996   4,610 23,455  (4,885)   (22,723)   217 77,363 61,505   2,963 14,143  (6,962)   441,894   (591,843) 436,900
NET INCOME discontinued operations  (13,839) -  -  -  -  -  -  -  -  -  -  -  (6,489) 24,591 4,263
NET INCOME  291,327  126,370   4,610 23,455  (4,885)   (22,723)   217 77,363 61,505   2,963 14,143  (6,962)   435,405   (561,625) 441,163
Attributed to shareholders of the parent company - continuing operations  305,166  126,370   4,610  -  (3,420)  -   217  77,363  61,505   2,963  14,143  (6,962)   428,056 (568,117) 441,894
Attributed to the controlling company's shareholders - discontinued operations   (13,839) -  -  11,962  - (18,451)  -  -  -  -  -  -   7,349   6,490 (6,489)
Attributed to non-controlling shareholders  - continuing operations - -  -  -  (1,465)  -  -  -  -  -  -  -  - - (1,465)
Attributed to non-controlling shareholders  - discontinued operations - -  -  11,493  -  (4,272)  -  -  -  -  -  -  - -  7,223
EBITDA continuing operations 396,649 137,163  169,592 51,080 15,764  (16,963) 730  177,459  118,351 5,490 13,903  (19,974)  364,726  (614,643)   799,327

 

 

RESULTS | 3Q24  

33

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT BY COMPANY ACCUMULATED

 

R$'000
 Income Statement 9M24   GET   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   C. Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Elimination   Consolidated 
 Geração   Transmissão 
 NET OPERATING INCOME   1,588,303  724,766  12,556,067   562,129 67,212 -   3,093   542,593   416,916 26,594 59,742 2,590,380  - (2,505,923)  16,631,872
 Electricity sales to final customers    -   -  4,835,789 - - - - - - - - 1,420,544  -  (1,065)  6,255,268
 Electricity sales to distributors    1,547,071   -   83,935 -  66,834 - -   538,443   416,908  26,594 - 1,167,170  -  (1,545,462)  2,301,493
 Use of the main distribution and transmission grid (TUSD/ TUST)    -  656,585  4,774,303 - - - - - - -  58,828  -  - (356,412)  5,133,304
 Construction revenue    - 47,995  1,860,097  13,618 - - - - - -   893  -  -   (13,618)  1,908,985
 Fair value of assets from the indemnity for the concession    -   -   49,467 - - - - - - - -  -  -   -   49,467
 Distribution of piped gas    -   -  -   548,511 - - - - - - -  -  - (548,511)  -
 Sectoral assets and liabilities result    -   - 566,185 - - - - - - - -  -  -   - 566,185
 Other operating revenues  41,232 20,186 386,291 -   378 -   3,093   4,150   8 -  21 2,666  -   (40,855) 417,170
 OPERATING COSTS AND EXPENSES    (806,253)   (173,188) (11,163,695) (503,516)   (71,378)   (44,679)  (4,340) (455,323) (260,488)   (14,964)  (7,342)  (2,549,093)  (166,560)  2,505,166 (13,715,653)
 Energy purchased for resale     (53,356)   - (5,222,496) -  (2,928) - - (47,088)  (9,559)  (1,991) -   (2,523,054)  -   1,546,089 (6,314,383)
 Charges of the main distribution and transmission grid  (275,413)   - (2,113,943) - (18,726) (18,392) - (49,679)  (119,233)  (1,033) -  -  -  373,997 (2,222,422)
 Personnel and management  (152,031) (112,000)   (514,553) (33,621)  (4,255)  (3,124)  (128) (11,765)  (1,661)  (447)  (540) (11,152)  (49,092) 36,744   (857,625)
 Private pension and health plans     (33,753)   (24,664)   (129,216)  (4,083)  (124)  (364) (21)  (1,783)  (253) (68) (83)   (1,321) (7,702)   4,447   (198,988)
 Materials and supplies   (6,794)  (3,818)  (46,026)  (416)  (239) (18) (16)  (2,596)  (1,182) (87) (72) (48) (1,350)  426  (62,236)
 Materials and supplies for power eletricity  (936)   -  - - -  (944) - - - - -  -  -  944   (936)
 Natural gas and supplies for gas business    -   -  -  (397,554) - - - - - - -  -  -  397,554  -
 Third-party services    (67,174)   (37,982)   (519,102) (10,650) (12,598)  (9,842)  (2,533) (96,707) (27,186)  (2,263)  (4,588)   (4,253)  (35,198) 57,397   (772,679)
 Depreciation and amortization  (280,055)   (12,450)   (433,938) (27,146) (24,232) (10,316)  (1,729)  (206,666) (95,773)  (8,540) (33)   (1,313) (2,420) 15,414 (1,089,197)
 Provisions and reversals    (16,938)   (10,202)   (188,091)  (7,541) -  (176) -  (445)  (7) (38)  (293)   (4,436)  (49,357) 49,569   (227,955)
 Construction cost    -   (41,077) (1,860,097) (13,618) - - - - - -  (867)  -  - 13,618 (1,902,041)
 Other operating costs and expenses  80,197 69,005   (136,233)  (8,887)  (8,276)  (1,503)  87 (38,594)  (5,634)  (497)  (866)   (3,516)  (21,441)   8,967  (67,191)
 EQUITY IN EARNINGS OF SUBSIDIARIES  83,246  269,437  - - - - -   (10,003) - - -  - 1,825,750 (1,943,032) 225,398
 EARNINGS BEFORE INCOME TAXES   865,296  821,015 1,392,372 58,613  (4,166)   (44,679)  (1,247) 77,267   156,428 11,630 52,400  41,287 1,659,190 (1,943,789) 3,141,617
 FINANCIAL RESULTS    (231,737)   (161,521)  (381,617)   (10,607)   (73,886)  (4,372) (487)   (82,874) 22,036   3,156   5,061  29,924   95,876 10,811  (780,237)
 Financial income  88,115 54,876 367,811  29,114  29,394   1,068   2,063   101,948  22,474   3,111   6,617  30,166 157,457   (36,985) 857,229
 Financial expenses  (319,852) (216,397)   (749,428) (39,721)  (103,280)  (5,440)  (2,550)  (184,822)  (438)  45  (1,556)   (242)  (61,581) 47,796 (1,637,466)
 OPERATIONAL EXPENSES / INCOME   633,559  659,494 1,010,755 48,006   (78,052)   (49,051)  (1,734)  (5,607)   178,464 14,786 57,461  71,211 1,755,066 (1,932,978) 2,361,380
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT    (122,134)  (86,568)  (317,165)   (17,301) 26,532 -  (1,117)   (47,565)   (60,653)  (1,890)  (4,079) (23,980) 4,369 22,806  (628,745)
NET INCOME continuing operations  511,425  572,926 693,590 30,705   (51,520)   (49,051)  (2,851)   (53,172)   117,811 12,896 53,382  47,231 1,759,435 (1,910,172) 1,732,635
NET INCOME discontinued operations  (11,586)   -  - - - - - - - - -  - 463,690 39,467 491,571
NET INCOME  499,839  572,926 693,590 30,705   (51,520)   (49,051)  (2,851)   (53,172)   117,811 12,896 53,382  47,231 2,223,125 (1,870,705) 2,224,206
Attributed to shareholders of the parent company - continuing operations  511,425  572,926 693,590 - (36,579) -  (2,851) (53,172)   117,811  12,896  53,382  47,231  1,747,850  (1,905,074)  1,759,435
Attributed to the controlling company's shareholders - discontinued operations   (11,586)   -  -  15,660 - (39,829) - - - - -  - 475,275 24,171 463,690
Attributed to non-controlling shareholders  - continuing operations   -   -  - - (14,941) - - - - - -  -  - (517)  (15,458)
Attributed to non-controlling shareholders  - discontinued operations   -   -  -  15,045 -  (9,222) - - - - -  -  - 10,715   16,539
EBITDA continuing operations 1,145,351 833,465   1,826,310 85,759 20,066  (34,363) 482  283,933  252,201 20,170 52,433  42,600   1,661,610  (1,959,203)   4,230,814
                               
R$'000
 Income Statement 9M23   GET   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   C. Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Elimination   Consolidated 
 Geração   Transmissão 
 NET OPERATING INCOME   1,893,231  803,171  11,069,533   765,757   106,292  -  -   609,976   582,984 22,950 48,148 3,019,731   - (3,010,003)  15,911,770
 Electricity sales to final customers  - -  4,049,555  -  -  -  -  -  -  -  - 1,705,263   -  (1,141)  5,753,677
 Electricity sales to distributors    1,847,567 - 140,456  -   105,591  -  -   609,399   582,974  22,950  - 1,306,933   -  (1,877,160)  2,738,710
 Use of the main distribution and transmission grid (TUSD/ TUST)  -  703,138  3,918,209  -  -  -  -  -  -  -  48,466   -   - (321,823)  4,347,990
 Construction revenue  - 80,506  1,665,959  10,188  -  -  -  -  -  -  (338)   -   -   (10,188)  1,746,127
 Fair value of assets from the indemnity for the concession  - -   41,898  -  -  -  -  -  -  -  -   -   - -   41,898
 Distribution of piped gas  - -   -   755,565  -  -  -  -  -  -  -   -   - (755,565)   -
 Sectoral assets and liabilities result  - - 879,709  -  -  -  -  -  -  -  -   -   - - 879,709
 Other operating revenues  45,664 19,527 373,747   4   701  -  -   577  10  -  20 7,535   -   (44,126) 403,659
 OPERATING COSTS AND EXPENSES  (1,157,937)   (406,333) (10,430,291) (629,702)   (69,017) (216,900) (827) (391,666) (336,101)   (14,407)  (6,822)  (2,931,809)  (110,806)  3,055,146 (13,647,472)
 Energy purchased for resale     (96,974) - (4,489,552)  -  (1,048)  -  - (19,628) (61,983)  (673)  -   (2,901,011)   -   1,876,743 (5,694,126)
 Charges of the main distribution and transmission grid  (281,841) - (1,971,815)  - (17,913) (26,400)  - (47,420)  (119,016)  (988)  -   -   -  346,905 (2,118,488)
 Personnel and management  (280,122) (204,630)   (983,750) (32,780)  (3,815)  (4,611) (15) (13,224)  (2,263)  (1,001)  (758) (17,463)  (54,649) 37,391 (1,561,690)
 Private pension and health plans     (34,577)   (24,535)   (125,133)  (4,506)  (140)  (519)  (2)  (1,562)  (264) (71) (90)   (1,424) (6,411)   5,025   (194,209)
 Materials   (8,414)  (4,043)  (48,957)  (1,071)  (190) (32)  -  (1,111)  (1,072) (39)  (116) (60)   (748)   1,102  (64,751)
 Raw material and supplies - energy production     (17,654) -   -  -  -  (1,031)  -  -  -  -  -   -   -   1,031  (17,654)
 Natural gas and supplies for gas business  - -   -  (533,679)  -  -  -  -  -  -  -   -   -  533,679   -
 Third-party services    (76,962)   (36,387)   (467,631) (10,097) (12,442) (16,086)  (382) (86,991) (27,334)  (2,336)  (4,911)   (2,887)  (47,449) 63,543   (728,352)
 Depreciation and amortization  (284,112)   (11,985)   (385,557) (30,367) (25,396) (16,432)  (1,457)  (190,345) (95,695)  (8,483) (30)   (1,563) (2,250) 26,440 (1,027,232)
 Provisions and reversals    (17,508)   (45,483)   (146,437)   602  -  (150,472)  -   2,183  (2)  -  (343)   (3,255)   11,651  144,292   (204,772)
 Construction cost  -   (68,873) (1,665,959) (10,188)  -  -  -  -  -  -   338   -   - 10,188 (1,734,494)
 Other operating costs and expenses    (59,773)   (10,397)   (145,500)  (7,616)  (8,073)  (1,317)   1,029 (33,568) (28,472)  (816)  (912)   (4,146)  (10,950)   8,807   (301,704)
 EQUITY IN EARNINGS OF SUBSIDIARIES   259,457  274,716   -  -  -  -  - 70,988  -  -  -   - 1,519,621 (1,880,107) 244,675
 EARNINGS BEFORE INCOME TAXES   994,751  671,554 639,242   136,055 37,275 (216,900) (827)   289,298   246,883   8,543 41,326  87,922 1,408,815 (1,834,964) 2,508,973
 FINANCIAL RESULTS    (286,619)   (231,133)  (330,968)  (9,171)   (10,221)   4,298 (633)   (91,186) 17,769   2,427   5,013  27,734   (1,471)  4,872  (899,289)
 Financial income  80,906 44,733 364,640  24,872  85,862   9,201   359   102,134  18,255   2,428   7,053  27,998   76,069   (48,060) 796,450
 Financial expenses  (367,525) (275,866)   (695,608) (34,043) (96,083)  (4,903)  (992)  (193,320)  (486)  (1)  (2,040)   (264)  (77,540) 52,932 (1,695,739)
 OPERATIONAL EXPENSES / INCOME   708,132  440,421 308,274   126,884 27,054 (212,602)  (1,460)   198,112   264,652 10,970 46,339   115,656 1,407,344 (1,830,092) 1,609,684
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT   (15,233) (5,626)   (2,444)   (43,239)  (6,673)   (13,614)  -   (50,690)   (89,463)  (2,390)  (3,959) (34,780) 113,472 61,580 (93,059)
NET INCOME continuing operations  692,899  434,795 305,830 83,645 20,381 (226,216)  (1,460)   147,422   175,189   8,580 42,380  80,876 1,520,816 (1,768,512) 1,516,625
NET INCOME discontinued operations   (137,766) -   -  -  -  -  -  -  -  -  -   -  (141,029)  146,529  (132,266)
NET INCOME  555,133  434,795 305,830 83,645 20,381 (226,216)  (1,460)   147,422   175,189   8,580 42,380  80,876 1,379,787 (1,621,983) 1,384,359
Attributed to shareholders of the parent company - continuing operations  692,899  434,795 305,830  -  14,267  -  (1,460)   147,422   175,189   8,580  42,380  80,876  1,383,050  (1,763,012)  1,520,816
Attributed to the controlling company's shareholders - discontinued operations (137,766)     -  42,659  -  (183,687)  -  -  -  -  -   - (3,263)  141,028   (141,029)
Attributed to non-controlling shareholders  - continuing operations - -   -  -   6,114  -  -  -  -  -  -   -   - -  6,114
Attributed to non-controlling shareholders  - discontinued operations - -   -  40,986  - (42,529)  -  -  -  -  -   -   - - (1,542)
EBITDA continuing operations 1,278,863 683,539   1,024,799  166,422 62,671   (200,468) 630  479,643  342,578 17,026 41,356  89,485   1,411,065  (1,861,404)   3,536,205

 

 

RESULTS | 3Q24  

34

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > ASSETS BY COMPANY

 

                            R$'000
 Assets - September -2024   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
CURRENT 3,179,147   6,701,269 -   154,414 - 50,684   1,066,276   312,442 55,366 95,986   1,197,706   4,473,957 (2,339,197) 14,948,050
 Cash and cash equivalents   1,936,356   1,938,809 -   119,867 -  41,356   926,444   223,501  50,464  68,005   350,620   1,924,809 (13)   7,580,218
 Bonds and securities   -   2,259 - - -   1,234 - - - -   2,666   132 -   6,291
 Collaterals and escrow accounts   -   9 - - - - - - - - - - -   9
 Customers   364,000   3,093,345 -  12,010 -   2,561  95,821  82,939   4,005   8,623   332,928 -  (199,823)   3,796,409
 Dividends receivable    59,529 - - - - -   305 - - - -   2,134,763  (2,107,176)  87,421
 Sectorial financial assets   -  14,074 - -   - - - - - - - -  14,074
 Account receivable related to concession    10,636 - - - - - - - - - - - -  10,636
 Contract Assets  243,555 - - - - - - - -  17,148 - - -   260,703
 Other current receivables    92,827   465,034 -   9,090 -   3,077   6,323   3,025   7   641   487,769   293,210  (9,130)   1,351,873
 Inventories    36,393   104,971 -   1,293 - -   4,375 - -   201 - - -   147,233
 Income tax and social contribution    50,769  85,601 -   9,666 -   2,347  22,801   1,125   764   1,165  23,292   119,788 -   317,318
 Other current recoverable taxes    17,092   955,162 - - - -   117   1,263  19 -   204 - -   973,857
 Prepaid expenses   7,222  34,545 -   2,488 -   109   7,420   589   107   203   211   969 -  53,863
 Related parties    13,374   7,460 - - - -   2,670 - - -  16   286 (23,055)   751
 Assets held for sale  347,394 - - - - - - - - - - - -   347,394
NON-CURRENT   20,474,124 16,788,137 -   604,221 -   100,900   7,971,556   399,328   187,537   494,793   550,368 22,194,642   (28,159,846) 41,605,760
Long Term Assets 6,073,710   7,377,111 -   108,424 - 15,320   715,986 56,083 -   494,515   540,219   618,520 (376,519) 15,623,369
 Bonds and securities  146,223   3,095 - - - -   351,534  17,532 -   4,727 - - -   523,111
 Other temporary investments   - - - - -  14,683 - - - - -  22,865 -  37,548
 Customers    -   120,919 - - - - - - - - - - -   120,919
 Judicial deposits    43,602   199,226 - - -  72   483 - -   242  15,820   135,822 -   395,267
 Sectoral financial assets   -  42,222 - -   - - - - - - - -  42,222
 Account receivable related to concession  876,609   2,359,200 - - - - - - - - - - -   3,235,809
 Contract Assets   4,656,520   2,089,303 - - - - - - -   489,157 - -  (6,919)   7,228,061
 Other non-current receivables  265,789  35,927 -   2,508 - - -  37,253 -   389   524,328   290,483 -   1,156,677
 Income tax and social contribution  519  62,762 - - - - - - - -  71 - -  63,352
 Deferred income tax and social contribution    -   1,007,505 -   100,065 - - - - - - -   127,484 -   1,235,054
 Other non-current recoverable taxes    83,959   1,456,952 - - -   565   220   1,298 - - -  41,866 -   1,584,860
 Related parties   - - -   5,851 - -   363,749 - - - - -  (369,600) -
 Investments  8,557,333   442 - - - -   2,719,859 - - - - 21,553,127   (29,248,581)   3,582,180
 Property, plant and equipment, net  4,814,528 - -   319,006 - 81,192   4,484,368   314,080   182,647   233   725   7,551 - 10,204,330
 Intangible assets  936,963   9,241,872 -   176,141 -   705   7,064 28,897   4,890  45   5,168   7,757   1,465,254 11,874,756
 Right to use an asset    91,590   168,712 -   650 -   3,683 44,279   268 - -   4,256   7,687 -   321,125
TOTAL  23,653,271   23,489,406   -  758,635   -  151,584  9,037,832  711,770  242,903  590,779  1,748,074   26,668,599 (30,499,043)   56,553,810
                             
                             
 Assets - December 2023   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
CURRENT 2,483,103   5,153,666   240,017   209,323 36,580 13,598   1,008,543   442,162 38,993   110,409   1,074,359   4,820,021 (1,915,044) 13,715,730
 Cash and cash equivalents   1,008,767   626,708   101,437   166,544  22,354   3,290   831,553   353,241  34,999  83,343   294,762   2,231,413  (123,788)   5,634,623
 Bonds and securities   - - - - -   4,670 - - - - -  93 -   4,763
 Collaterals and escrow accounts   -   9   211 - - - - - - - - -  (211)   9
 Customers   425,448   2,973,010  83,153  21,157 - -   115,672  84,309   3,074   7,976   382,264 -  (334,893)   3,761,170
 Dividends receivable  212,944 - - - - -  19,883 - - - -   1,942,406  (2,079,664)  95,569
 Sectorial financial assets   -  15,473 - - - - - - - - - - -  15,473
 Account receivable related to concession   9,354 - - - - - - - - - - - -   9,354
 Contract Assets  268,260 - - - - - - - -  16,356 - - -   284,616
 Other current receivables  118,627   435,619  43,950   9,398   1   3,120   5,968   252 -   653   383,243   2,431 (53,530)   949,732
 Inventories    37,923   131,927   5,383   264 -  16   4,375  16 -   205 - -  (5,383)   174,726
 Income tax and social contribution  150,720   1,259   5,326  10,217  13,909   1,937  19,316   2,586   491   1,644  13,516   113,532 (19,235)   315,218
 Other current recoverable taxes    18,688   922,450   8 - -   565   102   1,180  23 -   333 -  (6)   943,343
 Prepaid expenses    11,334  37,807   549   1,743   316 -   8,631   578   406   232   241   1,897  (865)  62,869
 Related parties    24,474   9,404 - - - -   3,043 - - - -  54 (35,639)   1,336
NON-CURRENT 196,564 - - - - - - - - - -   528,195   738,170   1,462,929
Long Term Assets   20,868,273 16,677,461   783,607   594,827   386,787 49,078   8,125,742   452,885   196,589   491,174   750,631 20,538,876   (27,812,586) 42,103,344
 Bonds and securities   5,886,631   8,229,821  73,274  83,192  98,157   593   609,417  18,922   224   490,861   740,114   611,187  (498,956)  16,343,437
 Other temporary investments  136,591   1,005 - - - -   330,401  16,388 -   4,410   1,937 - -   490,732
 Customers    - - - - - - - - - - -  31,728 -  31,728
 Judicial deposits   -   105,259 - - - - - - - - - - -   105,259
 Sectoral financial assets    94,368   380,433  61 -  41   593  81 -   218 -  15,647   143,371  (101)   634,712
 Account receivable related to concession   -  15,473 - - - - - - - - - - -  15,473
 Contract Assets  855,222   1,954,679 - - - - - - - - - - -   2,809,901
 Other non-current receivables   4,639,497   2,201,958  44,039 - - - - - -   486,451 - - (51,500)   7,320,445
 Income tax and social contribution    81,646  44,839  29,174   2,507 - -  44   1,859 - -   722,423  18 (29,170)   853,340
 Deferred income tax and social contribution   508  66,123 -   1,301 - - - - - -  71 - -  68,003
 Other non-current recoverable taxes   -   1,324,670 -  73,533  73,066 - - - - - -   359,485 (73,066)   1,757,688
 Prepaid expenses    78,799   2,135,382 - -  25,050 -   178   675   6 -  36 41,078 (25,048)   2,256,156
 Related parties   - - -   5,851 - -   278,713 - - - - 35,507  (320,071) -
 Investments  8,629,485   443 - - - -   2,788,839 - - - - 19,906,237   (27,813,207)   3,511,797
 Property, plant and equipment, net  5,259,216 - -   326,291   288,602 43,881   4,676,981   318,527   191,085   247   770   8,424 (288,603) 10,825,421
 Intangible assets  1,028,600   8,317,327   699,697   184,539  28   911   7,267   115,436   5,280  66   5,784   6,336   798,818 11,170,089
 Right to use an asset    64,341   129,870 10,636   805 -   3,693 43,238 - - -   3,963   6,692   (10,638)   252,600
TOTAL  23,351,376   21,831,127  1,023,624  804,150  423,367 62,676  9,134,285  895,047  235,582  601,583  1,824,990   25,358,897 (29,727,630)   55,819,074

 

 

RESULTS | 3Q24  

35

 

 

 

Exhibit II- RESULT BY SUBSIDIARY > LIABILITIES BY COMPANY

 

                            R$'000
 Liabilities - September -24   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
 CURRENT  3,694,586 6,195,893  - 112,209  -   12,970 578,555   99,027  2,446   8,484 1,123,740  868,100  (2,351,919) 10,344,091
 Social charges and accruals  127,127 290,023  - 538  -  -  -  -  - -  4,864 18,129  -   440,681
 Associated companies and parent company    4,899   11,151  -  -  -   46   19,682 608 162   192 326   1,694  (38,760) -
 Suppliers  276,865  1,752,800  -  5,852  -  9,410   70,270   24,717  1,796   1,150 345,172 17,722   (205,983)   2,299,771
 Income Tax and Social Contribution payable   -  -  -  -  - 385   11,216   56,945 314   678  -   2,135  - 71,673
 Other taxes   6,480 267,112  - 557  - 191  6,711  4,828 164   264   10,099  176  -   296,582
 Loans and financing   1,137,538 748,329  -  -  -  - 121,526  -  -   4,904  -   -  -   2,012,297
 Debentures  444,732 837,633  -  -  -  2,872   56,968  -  - -  -   -  -   1,342,205
 Dividends payable   1,529,433 310,904  -  -  -  -  7,852  -  - - 258,986  463,353   (2,107,176)   463,352
 Post employment benefits    24,552   66,714  -  -  -  -  -  -  - - 128   4,374  - 95,768
 Customer charges due    23,197   44,124  -  -  -  -  - 855  -   478  -   -  - 68,654
 Research and development and energy efficiency    29,350 137,568  -  1,699  -  -  - 671  -   623  -   -  -   169,911
 Payables related to concession    1,198  -  - 102,438  -  -  -  -  - -  -   -  -   103,636
 Sectorial financial liabilities   -  1,205,291  -  -  -  -  -  -  - -  -   -  -   1,205,291
 Other accounts payable    13,523   44,682  - 249  -   66 532 186  - - 172  565  - 59,975
 Other bills to pay    51,287 189,562  - 876  -  - 283,798   10,217   10   195 503,993  359,952  -   1,399,890
 PIS and Cofins to be refunded to consumers   -  -          -     -      - -
 Provision for allocation of Pis and Cofins credits   - 290,000          -     -      -   290,000
 Provisions for litigation   -    -  -  -  -  -  -  - -  -   -  - -
 Liabilities associated with assets held for sale    24,405  -  -  -  -  -  -  -  - -  -   -  - 24,405
 NON-CURRENT  6,437,740 9,817,059  - 734,777  -   73,992 3,114,702   27,259  2,945 39,145 308,542  307,051  (120,434) 20,742,778
 Associated companies and parent company    -  -  -  -  -  - 351,015  -  - -  -   5,851   (356,866) -
 Suppliers  141,288  -  -  -  -  -  -  -  - -  -   -  -   141,288
 Deferred income tax and social contribution   1,386,079  -  -  1,109  - 485   29,330   17,957  1,393  17,801 100,993   - 283,966   1,839,113
 Tax liabilities   - 308,081  -  -  -  -  -  -  - -  -   -  -   308,081
 Loans and financing   1,004,517  2,386  -  -  -  -  2,082,381  -  -  16,864  -   -  -   3,106,148
 Debentures   2,852,629  6,380,683  -  -  -   69,687 463,980  -  - -  -   -  -   9,766,979
 Post-employment benefits  405,733 959,931  -  -  -  -  -  -  - -  3,731 47,053  -   1,416,448
 Research and development and energy efficiency   - 287,696  -  -  -  -  -  9,219  -   953  -   -  -   297,868
 Payables related to the concession    64,047  -  - 733,202  -  -  -  -  - -  -   -  -   797,249
 Sectorial financial liabilities   -  -  -  -    -  -     -  -   -  - -
 Lease liability    83,566 132,526  - 466  -  3,820   47,447   83  - -  4,360   7,598  -   279,866
 Other payables    61,572   10,619  -  -  -  - 138,503  -  - - 198,878 62,085  (61,840)   409,817
 PIS/Cofins to be refunded to consumers   -  -          -     -      - -
 Provision for allocation of PIS and COFINS   -  1,273,646          -     -         1,273,646
 Provisions for litigation  438,309 461,491  -  -  -  -  2,046  -  1,552   3,527 580  184,464   14,306   1,106,275
 EQUITY    13,520,945 7,476,454  - (88,351)  -   64,622 5,344,575 585,484 237,512   543,150 315,792   25,493,448 (28,026,690) 25,466,941
 Attributable to controlling shareholders    13,520,945 7,476,454  - (88,351)  -   64,622 5,344,575 585,484 237,512   543,150 315,792   25,493,448 (28,000,183) 25,493,448
 Capital   6,242,770  5,372,206  -   35,503  -   78,785  5,186,237 409,509 223,913   275,161 237,210 12,821,758  (18,061,294) 12,821,758
 Advance for Future Capital Increase   -            -     -        
 Capital reserves   -  -  -  -  -  -  -  -  - -  -  976  -   976
 Asset valuation adjustments  475,551   (163,951)  -  2,152  -  -  -  -  - - (1,097)  284,562   (312,655)   284,562
 Legal Reserves  961,538 335,200  -  -  -  -   54,684   58,164 703  27,949   28,071   1,625,628   (1,466,309)   1,625,628
 Profit retention reserve   4,742,299  1,239,409  -  -  -  - 443,457  -  -   186,658  4,377   8,996,488   (6,616,200)   8,996,488
 Additional proposed dividends   -  -  -  -  -  -  -  -  - -  -   -  - -
 Accumulated profit   1,098,787 693,590  -   (126,006)  -  (14,163)   (339,803) 117,811   12,896  53,382   47,231   1,764,036   (1,543,725)   1,764,036
 Attributable to noncontrolling interests   -  -  -  -  -  -  -  -  - -  -   - (26,507)   (26,507)
 TOTAL  23,653,271 23,489,406  - 758,635  - 151,584   9,037,832 711,770 242,903  590,779   1,748,074  26,668,599  (30,499,043)  56,553,810
                             
                            R$'000
 Liabilities - December-23   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
 CURRENT  2,929,672 5,490,743 206,137 109,350   49,797  4,033 549,114 218,002  3,601 22,804 932,237  857,164  (2,063,223)   9,309,433
 Social charges and accruals  290,601 597,160  9,452 369 702  -   64  -  - -  8,736 30,608  (10,154)   927,538
 Associated companies and parent company    5,967   11,950  -  -  -   54   30,356 865 238   286 379   1,841  (51,933) -
 Suppliers  318,600  1,605,111   58,010  3,984  5,684  3,754   68,712   23,045 586   976 381,520   4,529   (320,085)   2,154,430
 Income Tax and Social Contribution payable   -  -   12,876 294  -  -  8,721 122,906 278   596  -  183  (12,876)   132,979
 Other taxes    57,245 253,336   13,463  1,057 277 208  8,611  4,871 501   264   19,508  474  (13,734)   346,083
 Loans and financing  174,260 375,135  -  -  -  - 120,930  -  -   5,656  -   -  -   675,980
 Debentures  607,981 569,700   81,797  -  -  -   47,968  -  - -  -   -  (81,797)   1,225,649
 Dividends payable   1,274,433 460,904   24,314  -   43,134  -   40,397   55,460  1,552  14,151 185,341  464,147   (2,099,687)   464,147
 Post employment benefits    22,124   59,742  -  -  -  -  -  -  - - 125   3,842  - 85,833
 Customer charges due    15,248   44,789  -  -  -  -  -  1,177  -   252  -   -  - 61,466
 Research and development and energy efficiency    55,130 262,444  -  1,672  -  -  - 369  -   582  -   -  -   320,196
 Payables related to concession    2,170  -  -   99,806  -  -  -  -  - -  -   -  -   101,976
 Sectorial financial liabilities   - 476,103  -  -  -  -  -  -  - -  -   -  -   476,103
 Other accounts payable   8,364   40,083  2,601 249  -   17 487  -  - - 137  405   (2,601) 49,742
 Other bills to pay    97,549 175,695  3,624  1,919  -  - 222,868  9,309 446  41 336,491 15,135   (3,620)   859,456
 PIS and Cofins to be refunded to consumers   - 558,591  -  -  -  -  -  -  - -  -   -  -   558,591
 Provisions for litigation   -  -  -  -  -  -  -  -  - -  -  336,000  -   336,000
 Assets held for sale   -  -  -  -  -  -  -  -  - -  -   - 533,264   533,264
 NON-CURRENT  7,673,539 9,557,520 302,821 730,939   55,959  4,321 3,080,497   42,991  2,710 46,555 550,547  615,579  (346,004) 22,317,974
 Associated companies and parent company    -  -  -  -   35,616  - 265,157  -  - -  -   5,851   (306,624) -
 Suppliers  131,143  -  -  -  -  -  -  -  - -  -   -  -   131,143
 Deferred income tax and social contribution   1,207,009  -   21,319  1,465  -  -   24,244   35,267 865  18,733 109,736   - 268,156   1,686,793
 Tax liabilities    60,756 546,184  -  -  - 589  -  -  - - 534   4,030  -   612,093
 Loans and financing   2,106,275 375,585  -  -  -  -  2,164,987  -  -  20,390  -   -  -   4,667,237
 Debentures   3,160,977  4,750,476 202,405  -  -  - 482,004  -  - -  -   -   (202,405)   8,393,457
 Post-employment benefits  398,594 948,724  8,608  - 718  -  -  -  - -  3,555 47,537   (9,326)   1,398,410
 Research and development and energy efficiency   - 224,996  -  -  8,690  -  -  7,724  -   757  -   -   (8,690)   233,478
 Payables related to the concession    62,990  -  - 728,889  -  -  -  -  - -  -   -  -   791,879
 Sectorial financial liabilities   -   27,888  -  -  -  -  -  -  - -  -   -  - 27,888
 Lease liability    60,761   99,138  8,972 585  -  3,732   45,781  -  - -  4,022   6,681   (8,972)   220,700
 Other payables    49,539  1,559   45,086  -  -  -   96,018  -  -  17 431,938 25,297  (70,384)   579,070
 PIS/Cofins to be refunded to consumers   - 173,135  -  -  -  -  -  -  - -  -   -  -   173,135
 Provision for allocation of PIS and Cofins credits   -  1,909,775  -  -  -  -  -  -  - -  -   -  -   1,909,775
 Provisions for litigation  435,495 500,060   16,431  -   10,935  -  2,306  -  1,845   6,658 762  526,183   (7,759)   1,492,916
 EQUITY    12,748,166 6,782,864 514,666 (36,139) 317,611   54,322 5,504,674 634,053 229,271   532,222 342,206   23,886,151 (27,318,403) 24,191,667
 Attributable to controlling shareholders    12,748,166 6,782,864 514,666 (36,139) 317,611   54,322 5,504,674 634,053 229,271   532,222 342,206   23,886,151 (27,623,917) 23,886,153
 Capital   6,242,757  5,372,206 220,966   35,503 425,662   16,685  5,157,938 409,509 223,913   275,161 237,210 12,821,758  (18,617,510) 12,821,758
 Advance for Future Capital Increase   -  -  -  -  -   48,950   17,681  -  - -  -   -  (66,631) -
 Capital reserves   -  -  -  -  -  -  -  -  - -  -   -  - -
 Equity valuation adjustments   498,183   (163,951) 983  2,844 442 (1)  -  -  - - (1,097)  307,049   (337,403)   307,050
 Legal Reserves  961,538 335,200   44,193  -  -  -   55,133   58,164 703  27,949   28,071   1,625,628   (1,510,951)   1,625,628
 Profit retention reserve   5,045,688  1,239,409 136,905  -  -  - 443,457  -  -   186,658  4,377   9,000,505   (7,056,494)   9,000,506
 Additional proposed dividends   -  -  -  -  -  - 117,100 166,380  4,655  42,454   73,645  131,211   (404,235)   131,211
 Accumulated profit   -  - 111,619  (74,486)   (108,493)  (11,312)   (286,635)  -  - -  -   - 369,307 -
 Attributable to noncontrolling interests   -  -  -  -  -  -  -  -  - -  -   - 305,514  305,514
 TOTAL  23,351,377 21,831,127   1,023,624 804,150 423,367   62,676   9,134,285 895,046 235,582  601,581   1,824,990  25,358,894  (29,727,630)  55,819,074

 

 

RESULTS | 3Q24  

36

 

 

 

Exhibit III - ENERGY MARKET> DISTRIBUTION AND TOTAL MARKET
                         
Copel’s Total Market    Number of Customers / Agreements   Energy Sold (GWh)
  Sep-24 Sep-23 ∆%   3Q24 3Q23 Δ%   9M24 9M23 Δ%
                         
 Copel DIS     5,159,540  5,075,638   1.7    6,141 5,525   11.2   17,286 16,977 1.8
Captive Market    5,159,261 5,075,363   1.7     4,898  4,772  2.6    16,010  14,852 7.8
Concessionaries  and Licensees    7  7 -   18   20  (10.0)    67  66 1.3
CCEE (Assigments MCSD EN)   272 268   1.5    532   75  609.3     602   172 249.7
CCEE (MVE)     -   - -   -   -   -    -  -  -
CCEE (MCP) 2     -   - -    693 658  5.3     608 1,887 (67.8)
 Copel GeT      523   352 48.6    3,621 3,927   (7.8)   12,317 12,440  (1.0)
CCEAR  (Copel DIS)     4  3  33.3   30   29  3.4    94  91 3.3
CCEAR  (other concessionaries)   119 118   0.8    581  1,741  (66.6)   1,736 3,189 (45.6)
Free Customers     -   - -   -   -   -    -  -  -
Bilateral Agreements (Copel Mercado Livre)   396 227  74.4     2,951  2,694  9.5    10,014 9,124 9.8
Bilateral Agreements 1    4  4 -   40   36   11.1     132   227 (41.9)
CCEE (MCP) 2     -   - -   19   (573) (103.3)     341  (191)   (278.5)
 Wind Farms Complex      660   600 10.0    1,113 1,166   (4.5)     3,288   3,223 2.0
      15   15 -   31   31   -    96  83  15.7
CCEAR  (other concessionaries)   580 546   6.2    657 577   13.9   1,852 1,546  19.8
CER     10   10 -    230 231 (0.4)     694   685 1.3
Bilateral Agreements (Copel Mercado Livre)     22   13  69.2    137 180  (23.9)     316   450 (29.8)
Bilateral Agreements     33   16   106.3    179 187 (4.3)     419   436   (3.9)
CCEE (MCP) 2     -   - -   (121)  (40)  202.5   (89)  23  -
 Copel Mercado Livre      1,602   1,753 (8.6)    5,814 5,526  5.2   17,383 16,724 3.9
Free Customers   1,413 1,620 (12.8)     2,753  3,014 (8.7)   7,982 8,862   (9.9)
Bilateral Agreements (Group Companies)     12   24 (50.0)    321 330 (2.7)     604   398  51.8
Bilateral Agreements   177 109  62.4     2,713  2,182   24.3   8,673 7,221  20.1
CCEE (MCP) 2     -  -  -   27   -   -     124   243 (49.0)
Total Copel    5,162,325  5,078,343   1.7     16,689  16,144  3.4   50,274 49,364 1.8
 Eliminations (operations with Group companies)             3,470 3,264  6.3   10,804 10,383 4.1
Total Consolidated Copel             13,219  12,880  2.6   39,470 38,981 1.3
Note: Not considering the energy from MRE (Energy Relocation Mechanism) and the energy from TPP Araucária sold in the CCEE Spot Market.
1 Includes Short Term Sales Agreements and CBR
2 Assured Power allocated in the period, after impact of the GSF.
CCEE: Electric Power Trade Chamber / CCEAR: Energy Purchase Agreements in the Regulated Market / MCP: Short Term Market / CER: Agreements Reserve Energy / MCSD EN - Mechanism for Compensation of Surpluses and Deficits of New Energy / MVE - MVE - Sale of energy to the free market through the Surplus Selling Mechanism.
                         
Copel’s Dis Market    Number of Customers   Consumed Energy (GWh)
  Sep-24 Sep-23 Δ%   3Q24 3Q23 Δ%   1Q24 1Q23 Δ%
Residential    4,274,234  4,190,534   2.0    2,275 2,119  7.3     7,376   6,488  13.7
Industrial   68,991 69,319  (0.5)    3,244 3,102  4.6     9,496   9,194 3.3
Captive     67,319   68,090  (1.1)    430 490  (12.3)   1,315 1,464 (10.1)
Free   1,672 1,229  36.0     2,814  2,612  7.7   8,180 7,731 5.8
Commercial    446,640  438,443   1.9    1,690 1,573  7.4     5,498   4,947  11.1
Captive   444,466 436,796   1.8     1,074  1,041  3.1   3,587 3,317 8.1
Free   2,174 1,647  32.0    616 532   15.9   1,911 1,630  17.2
Rural    317,110  325,182 (2.5)    615 570  8.0     2,056   1,874 9.7
Captive   317,008 325,111  (2.5)    565 530  6.5   1,902 1,754 8.4
Free   102   71  43.7   51   40   28.7     154   120  28.7
Others   56,442 54,844   2.9    610 593  2.8     1,905   1,836 3.8
Captive     56,234   54,832   2.6    556 591 (6.0)   1,829 1,830   (0.1)
Free   208   12   1,633.3   54  2   -    76 5  -
 Total Captive Market    5,159,261  5,075,363   1.7    4,898 4,772  2.6   16,010 14,853 7.8
 Total Free Market     4,156   2,959 40.5    3,535 3,185   11.0   10,321   9,486 8.8
Supply to Concessionaries    7 7 -    253 238  6.6     752   698 7.8
Total Grid Market    5,163,424  5,078,329   1.7    8,687 8,195  6.0   27,083 25,036 8.2
Micro and Mini Distributed Energy Generation     383,261  293,245 30.7     (581)  (428)   35.9   (1,859) (1,280)  45.3
Total Billed Market            8,106 7,767  4.4   25,224 23,756 6.2

 

 

RESULTS | 3Q24  

37

 

 

 

Exhibit III - ENERGY MARKET> TARIFFS

 

Supply Tariff (R$/MWh) Amount Sep-24 Sep-23 Δ% Product Class* Validity*
Average MW
Copel Geração e Transmissão              
Auction CCEAR 2011 - 2040 ( HPP Mauá) 67 299.79 287.48 4.3% SP100 01.07.2020 31.12.2040
Auction CCEAR 2013 - 2042 (SHP Cavernoso II) 8 314.84 308.79 2.0% SP100 01.01.2018 31.12.2042
Auction - CCEAR 2015 - 2044 (HPP Colíder) 129 228.36 218.79 4.4% SP89 01.01.2019 31.12.2044
Auction - CCEAR 2018 - 2048 (HPP Baixo Iguaçu) 37 237.22 226.92 4.5% SP89 12.11.2018 11.11.2048
Auction - CCEAR 2009 - 2016 (Salto Caxias)     252.99 - - - -
Auction - CCEAR 2024 - 2053 (SHP Bela Vista) 16 262.14   - - - -
Copel Distribuição              
Concession holders in the State of Paraná 14 282.75 273.04 3.6% - - -
Total / Tariff Weighted Average Supply 271 254.64 229.86 10.8% - - -
Contains PIS and COFINS. Net of ICMS.
*GSF renegotiation
               
Purchase Tariff - Copel Distribuição (R$/MWh) Amount Sep-24 Sep-23 Δ%      
Average MW      
Itaipu 1  492.3 235.82 233.13 1.2%      
Auction – CCEAR 2010 – H30   68.9 313.22 301.38 3.9%      
Auction – CCEAR 2010 – T15 2   43.9 313.86 202.73 54.8%      
Auction – CCEAR 2011 – H30   56.8 322.93 310.73 3.9%      
Auction – CCEAR 2011 – T15 2   53.7 307.29 263.42 16.7%      
Auction – CCEAR 2012 – T15 2  107.5 293.65 177.61 65.3%      
Auction – CCEAR 2016 – T20 2   26.6 229.47 119.38 92.2%      
Angra   97.5 347.53 348.35 -0.2%      
CCGF 3  438.5 179.84 162.73 10.5%      
Santo Antônio  135.7 200.41 192.84 3.9%      
Jirau   225.8 176.33 169.67 3.9%      
Others Auctions 4  542.1 310.43 210.79 47.3%      
Total /  Average Purchuse Tariff  2,289.3  249.86  209.67 19.2%      
Contains PIS and COFINS
1  Furnas transport charge not included.
2 Average auction price restated according as bilateral payment to vendors. It does not include hiring effects recorded by the CCEE.
3 Contract of quotas of assured power of those HPPs which concessions were extended pursuant the new rules of Law 12783/13.
4  Products average price, does not include PROINFA.
*The table has been updated for all periods as new calculation methodology for average prices, a result of the 4th phase of the Public Hearing 78/2011 Aneel approved on 03.28.2016.
               
Retail Tariff - Copel Distribuição (R$/MWh)   Sep-24 Sep-23 Δ%      
       
Industrial     551.30 560.6072025 -1.7%      
Residential     527.34 558.2797025 -5.5%      
Commercial     583.06 634.0681328 -8.0%      
Rural     575.85 608.3770616 -5.3%      
Other     590.55 456.4100799 29.4%      
Retail Tariff  supply average tariff     601.56 623.449106 -3.5%      
Demand average tariff (R$/kW)   40.02 37.85663847 5.7%      
 Does not consider tariff flags, Pis/Pasep and net of ICMS.
 

RESULTS | 3Q24  

38

 

 

 

Exhibit III - ENERGY MARKET> ELECTRICITY PURCHASED AND CHARGES

 

            R$'000
Electricity Purchased for Resale 3Q24 3Q23 Δ% 9M24 9M23 Δ%
Purchase of energy in the regulated party - CCEAR  1,077,768   901,620   19.5  3,009,783  2,733,586  10.1
Itaipu Binacional  252,548   262,672 (3.9)  707,070  727,924   (2.9)
Câmara de Comercialização de Energia - CCEE  277,655   126,710 119.1  450,261  351,525  28.1
Micro and mini generators and customer repurchase  390,409   280,518   39.2  1,200,327  779,695  53.9
Proinfa   84,278  93,256 (9.6)  252,990  276,732   (8.6)
Bilateral Agreements  478,001   540,684  (11.6)  1,267,164  1,451,261 (12.7)
Fair value in the purchase and sale of energy  (17,872) 6,347  -    26,009  6,347  - 
(-) PIS/Pasep and Cofins (214,805)  (216,248) (0.7) (599,221) (632,944)   (5.3)
TOTAL   2,327,982  1,995,559  16.7   6,314,383   5,694,126  10.9
             
            R$'000
Charges of the main distribution and transmission grid  3Q24 3Q23 Δ% 9M24 9M23 Δ%
Itaipu transportation charges   43,439  57,786  (24.8)  153,025  133,755  14.4
System Service Charges - ESS   39,171  28,760   36.2   61,629   40,795  51.1
System usage charges  596,896   672,004  (11.2)  1,925,312  1,837,173 4.8
Charge reserve energy - EER  115,845  95,034   21.9  337,581  347,788   (2.9)
(-) PIS / Pasep and Cofins taxes on charges for use of power grid  (81,293) (88,730) (8.4) (255,131) (241,021) 5.9
  TOTAL   714,058  764,854   (6.6)   2,222,416   2,118,490 4.9

 

 

RESULTS | 3Q24  

39

 

 

 

Exhibit III - ENERGY MARKET> ENERGY BALANCE

 

          (average MW)
Energy Balance - Copel GET - Sep-24 2024 2025 2026 2027 2028
Own Resources GeT  2,082   2,062  2,068 2,071   2,079
GeT (1)  1,489   1,470  1,473 1,466   1,454
GPS (CCGF) (2)   73  73   73   73  73
Bela Vista + FDA 520   519 522 532   552
Own Resources SPP and Wind Farm 544   544 544 544   544
Purchases   79  94   11 -  -
TOTAL OWN RESOURCES + SOLD    2,705 2,700   2,623   2,615 2,623
TOTAL SOLD   2,384 2,288   1,884   1,632 1,327
Sales (Regulated) 766   781 781 781   780
Sales (Regulated) % 28% 29% 30% 30% 30%
Sales (Free Market)  1,618   1,507  1,103 851   547
Sales (Free Market) % 60% 56% 43% 33% 21%
Total Available 319 412 739 982 1294
Total Available (%) 12% 15% 27% 37% 49%
Avarege price of energy sold (R$)    176.31 173.72   179.21   183.17 195.46
Reference: September/24
Note: Considers Assured Power updated by Ordinance No. 709/2022 for: FDA, Segredo  and Salto Caxias.
(1) Includes Mauá and Baixo Iguaçu Power Plants (proportional to the stake in the project) and GPS 30% (ex-CCGF). Does not include Elejor and Foz do Chopim.
(2) GPS 70% (quota regime).
(3) Does not include Voltália Wind Complex.
(3) The GPS CCGF RAG is not considered in the calculation of average prices.

 

 

 

 

 

 

RESULTS | 3Q24  

40

 

 

 

Exhibit III - ENERGY MARKET> WIND POWER PRICES

 

Wind Farms - Sold  Auction ¹ Price (R$)² Certification Amount
MW average/year
Start of  Supply End of
Supply
São Bento Energia, Invest. e Part. S.A.            
GE Boa Vista S.A.  2º LFA
(08/26/2010)
 310.36  P50  5.70 01.01.2013 12.31.2032
GE Farol S.A.  301.32  P50  9.10
GE Olho D’Água S.A.  301.32  P50  14.90
GE São Bento do Norte S.A.  301.32  P50  14.00
Copel Brisa Potiguar S.A.            
Nova Asa Branca I Energias Renováveis S.A. 2º LFA
(08/26/2010)
 304.53  P50  13.20 01.01.2013 12.31.2032
Nova Asa Branca II Energias Renováveis S.A.  304.53  P50  12.80
Nova Asa Branca III Energias Renováveis S.A.  304.53  P50  12.50
Nova Eurus IV Energias Renováveis S.A.  304.53  P50  13.70
Santa Maria Energias Renováveis S.A. 4º LER
(08/18/2011)
 214.62  P50  15.70 07.01.2014 06.30.2034
Santa Helena Energias Renováveis S.A.  214.62  P50  16.00
Ventos de Santo Uriel S.A.  212.95  P50  9.00
Cutia            
UEE Cutia S.A. 6º LER
(10/31/2014)
 252.45  P90  9.60 10.01.2017 09.30.2037
UEE Esperança do Nordeste S.A.  252.45  P90  9.10
UEE Guajiru S.A.  252.45  P90  8.30
UEE Jangada S.A.  252.45  P90  10.30
UEE Maria Helena S.A.  252.45  P90  12.00
UEE Paraíso dos Ventos do Nordeste S.A.  252.45  P90  10.60
UEE Potiguar S.A.  252.45  P90  11.30
Bento Miguel            
CGE São Bento do Norte I S.A. 20ª LEN
(11/28/2014)
 239.12  P90  9.70 01.01.2019 12.31.2038
CGE São Bento do Norte II S.A.  239.12  P90  10.00
CGE São Bento do Norte III S.A.  239.12  P90  9.60
CGE São Miguel I S.A.  239.12  P90  8.70
CGE São Miguel II S.A.  239.12  P90  8.40
CGE São Miguel III S.A.  239.12  P90  8.40
Vilas            
Vila Ceará I (Antiga Vila Paraíba IV) 28ª LEN
(08/31/2018)
 128.58  P90  8.20 01.01.2024 12.31.2043
Vila Maranhão I  128.58  P90  8.30
Vila Maranhão II   128.58  P90  8.30
Vila Maranhão III (Antiga Vila Paraíba III)  128.58  P90  8.20
Vila Mato Grosso (Antiga Vila Alagoas III) 29ª LEN
(06/28/2019)
 107.26  P90  3.30 01.01.2023 12.31.2042
Jandaira            
Jandaira I 30ª LEN
(10/18/2019)
 131.17  P90  1.60 01.01.2025 12.31.2044
Jandaira II  131.17  P90  4.10
Jandaira III  131.17  P90  4.40
Jandaira IV  131.17  P90  4.30
Aventura            
Aventura II 26º LEN
(20/12/2017)
 138.66  P90  11.70 01.01.2023 12.31.2042
Aventura III  138.66  P90  12.80
Aventura IV  138.66  P90  14.10
Aventura V  138.66  P90  15.00
Santa Rosa & Mundo Novo            
Santa Rosa & Mundo Novo I 26º LEN
(20/12/2017)
 141.52  P90  16.50 01.01.2023 12.31.2042
Santa Rosa & Mundo Novo II  141.52  P90  17.00
Santa Rosa & Mundo Novo III  141.52  P90  18.00
Santa Rosa & Mundo Novo IV  141.52  P90  7.50
Santa Rosa & Mundo Novo V  141.52  P90  8.10
Voltália3            
Carnaúbas 04ª LER
(08/18/2011)
 208.18  -  13.10 07.01.2014 06.30.2034
Reduto  208.18  -  13.90
Santo Cristo  208.18  -  14.80
São João   208.18  -  14.30
¹LFA - Alternative Sources Auction/LER - Reserve Energy Auction/LEN - New Energy Auction.
² Price updated by IPCA until Jun/24 (Reference Jul/24). Source: CCEE
3 Values presented refer to 100% of the Complex. Copel has a 49% stake in the project.

 

 

RESULTS | 3Q24  

41

 

 

 

Exhibit III - ENERGY MARKET> ENERGY FLOW

 

                        GWh
Energy Flow COPEL DIS COPEL GET
+ FDA + BELA VISTA
WIND POWER COPEL COM ELIMINATIONS CONSOLIDATED
3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23
 Own Generation      6,700 5,724 1,089 1225         7,789 6,949
 Purchased energy  6,375 5,939 466 453 7 21 5,814 5,526 3,470 3,264 9,192 8,675
 Copel Mercado Livre      321 330   0     321 330 0 0
 Companies of the group  60 60         3,089 2,874 3,149 2,934 0 0
 Itaipu  1,146 1,200           0     1,146 1,200
 Auction – CCEAR  3,898 3,233           0     3,898 3,233
 CCEE (MCP)  6 0           85     6 85
 Angra  215 220                 215 220
 CCGF  933 1,101                 933 1,101
 Proinfa  104 110                 104 110
 Other (1)  13 15     7 21 2,725 2,555     2,745 2,591
 Elejor                12     0 12
 Dona Francisca      34 34             34 34
 MRE Receipt      111 89             111 89
 Avaiable  6,375 5,939 7,166 6,177 1,096 1246 5,814 5,526 3,470 3,264 16,981 15,624
 Captive Market  4,898 4,772                 4,898 4,772
 Concessionaires (2)  18 20                 18 20
 CCEE concessionaire supply (3)      40 36             40 36
 CCEE (MCSD EN Assignments) (4)  532 75                 532 75
 CCEE (MVE) (5)    0                 0 0
 CCEE (MCP) (6)  699 658 19 -573 -121 -56 27 3014     624 3,043
 Free Customers        0     2,753 2,182     2,753 2,182
 Bilateral Agreements      0 0 179 187 2,713       2,892 187
 Auction – CCEAR (7)      581 1741 657 577         1,238 2318
 MRE assignment (8)      3,545 2,250             3,545 2,250
 CER (9)          230 231         230 231
 Copel Mercado Livre      2,952 2,694 137 180     3,089 2,874 0 0
 Companies of the group      29 29 31 31 321 330 381 390 0 0
 Losses and Differences (10)  228 414     -17 96         211 510
                         
(1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase)
(2) Energy supply to concessionaires and licensees with their own market below 500GWh/year
(3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR
(4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism
(5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism
(6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market).
(7) CCEAR: Energy Trading Agreement in the Regulated Environment.
(8) MRE: Energy Reallocation Mechanism.
(9) CER: Reserve Energy Contract.
(10) Considers the effects of  Mini and Micro Distributed Generation (MMGD).
(11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG).
It does not consider the energy produced by UTE Araucária sold on the spot market (MCP).
                         
                        GWh
Energy Flow COPEL DIS COPEL GET
+ FDA + BELA VISTA
WIND POWER COPEL COM ELIMINATIONS CONSOLIDATED
9M24 9M23 9M24 9M23 9M24 9M23 9M24 9M23 9M24 9M23 9M24 9M23
 Own Generation    -   -  18,087  14,850 2,412 2,761   -   -   -   - 20,499 17,611
 Purchased energy   18,232  17,950 729 897 201 127  17,383  16,724  11,118  10,251 25,427 25,447
 Copel Mercado Livre    - -  414  398  190 - - -  604  398 - -
 Companies of the group   184  173 - - -  106 10,330   9,574 10,514   9,853 - -
 Itaipu    3,414   3,561 - - - - - - - - 3,414 3,561
 Auction – CCEAR  10,480   9,790 - - - - - - - - 10,480 9,790
 CCEE (MCP)   245 - -  296 - - - 85 - - 245 381
 Angra   641  652 - - - - - - - - 641 652
 CCGF    2,914   3,409 - - - - - - - - 2,914 3,409
 Proinfa   315  314 - - - - - - - - 315 314
 Other (1)  39 51 - - 11 21   7,053   7,033 - - 7,103 7,105
 Elejor  - - - - - - - 32 - - - 32
 Dona Francisca  - -  100  100 - - - - - - 100 100
 MRE Receipt  - -  215  103 -   - - - -   - 215 103
 Avaiable  18,232 17,950 18,816 15,747 2,613 2888 17,383 16,724  11,118  10,251 45,926 43,058
 Captive Market  16,010 14,852 - - - - - - - - 16,010 14,852
 Concessionaires (2)  67 66 - - - - - - - - 67 66
 CCEE concessionaire supply (3)  - -  128  121 - - - - - - 128 121
 CCEE (MCSD EN Assignments) (4)   602  172 - - - - - - - - 602 172
 CCEE (MVE) (5)  - - - - - - - - - - - -
 CCEE (MCP) (6)   853   1,887  341 (191)   (89)   8  124   3,257 - - 1229 4,961
 Free Customers  - - - - - -   7,982   8,030 - - 7,982 8,030
 Bilateral Agreements  - -   4  106  419  436   8,673   5,039 -  106 9,096 5,475
 Auction – CCEAR (7)  - -   1,736   3,189   1,852   1,546 - - - - 3,588 4735
 MRE assignment (8)  - -   6,499   3,307 - - - - - - 6,499 3,307
 CER (9)  - - - -  694  685 - - - - 694 685
 Copel Mercado Livre  - - 10,015   9,124  315  450 - - 10,330   9,574 - -
 Companies of the group  - - 93 91 92 83  604  398  788  571 1 1
 Losses and Differences (10)   700  973   -   - (670) (320) - - - - 30 653
                         
(1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase)
(2) Energy supply to concessionaires and licensees with their own market below 500GWh/year
(3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR
(4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism
(5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism
(6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market).
(7) CCEAR: Energy Trading Agreement in the Regulated Environment.
(8) MRE: Energy Reallocation Mechanism.
(9) CER: Reserve Energy Contract.
(10) Considers the effects of  Mini and Micro Distributed Generation (MMGD).
(11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG).
It does not consider the energy produced by UTE Araucária sold on the spot market (MCP).

 

 

RESULTS | 3Q24  

42

 

 

 

Exhibit III - ENERGY MARKET> ENERGY FLOW

 

 

 

 

RESULTS | 3Q24  

43

 

 

 

Exhibit IV - OPERATIONAL DATA> INDICATORS SUMMARY

 

MANAGEMENT            
Copel Staff List 2019 2020 2021 2022 2023 set-24
Geração e Transmissão 1,620 1,533 1,523 1,487 1,477 1,104
Distribuição 4,964 4,641 4,430 4,257 4,203 3,237
Telecomunicações 412 355  -   -   -   - 
Holding 61 96 169 84 83 60
Comercialização 38 42 44 47 41 36
Serviços   -     -     -   217   -    -
TOTAL  7,095 6,667 6,166 6,092 5,804 4,437
             
Cotrolated Staff List 2019 2020 2021 2022 2023 set-24
Elejor 7 7 7 7 7 7
             
GENERATION            
Copel GET Amount Installed
Capacity (MW)
Assured Power
(Average MW)
Hydroelectric 18   4,868.5   2,067.9  
Wind 43   1,130.2   561.3  
Copel GET
(Interest)
  Proportional installed
capacity (MW)
Proporcional Assured Power
(Average MW)
Hydroelectric 3   299.6   155.2  
Total Copel GET     6,298.3   2,784.4  
Other Interest Copel   Proportional installed
capacity (MW)
Proporcional Assured Power
(Average MW)
Hydroelectric 5   201.3   109.7  
Wind 4   53.2   28.0  
Solar 1   1.1   -  
Total Other Interest 10   255.6   137.7  
TOTAL Copel Group     6,553.9   2,922.1  
             
TRANSMISSION            
Copel GeT Amount   APR (R$ million)
Transmission Lines (km)   3,705   1,062.6
Substation (amount)   45  
Interest Amount   Proporcional APR (R$ million)
Transmission Lines (km)   5,980   532.6
Substation (amount)   8  
TOTAL TL 9,685   1,595.2
Substation 53  
             
DISTRIBUTION            
Distribution lines (km) 212,926     Captive customers 5,159,261  
Substations 396     Customers by distribution employee 1,594  
Installed power substations (MVA) 12,088     DEC (in hundredths of an hour and minute)  8.23  
Municipalities served 395     FEC (number of outages) 5.41  
Locations served 1,068          
             
MERCADO LIVRE            
Number of contracts 1,602          
Energy sold (GWh) 5,814          

 

 

RESULTS | 3Q24  

44

 

 

 

Exhibit IV - OPERATIONAL DATA> GENERATION

 

COPEL GET        
  Installed
Capacity (MW)
Assured Power
(Average MW)
Generation 9M24
(GWh)*
Concession Expires
Hydroelectric Power Plants 4,868.5 2,067.9 17,910.8  
Large hydroelectric power plant (HPP) 4,772.0 2,006.8 17,559.4  
Gov. Bento Munhoz da Rocha Netto (Foz do Areia)(5) 1,676.0 575.3 5,337.6 12.21.2024
Gov. Ney Aminthas de B. Braga (Segredo)(5) 1,260.0 558.3 5,227.1 09.25.2032
Gov. José Richa (Salto Caxias)(5)  1,240.0 575.4 5,113.7 03.20.2033
Gov. Parigot de Souza (1)(5) 260.0 103.6 950.4 01.03.2053
  - Regime de Cotas (70%) 182.0 72.5 665.3
  - Copel GeT(30%) 78.0 31.1 285.1
Colíder(5) 300.0 178.1 822.2 01.30.2046
Guaricana(5)   36.0 16.1 108.4 07.21.2028
Small hydroelectric power station (SHP) 86.9 55.9 320.7  
Bela Vista 29.8 18.6 107.4 01.02.2041
Cavernoso  (5) 1.3 1.0 0.7 06.23.2033
Cavernoso II(5) 19.0 10.6 47.8 12.06.2050
Chaminé (5) 18.0 11.6 85.0 08.02.2028
Apucaraninha (5) 10.0 6.7 32.8 01.27.2027
Derivação do Rio Jordão (5) 6.5 5.9 39.1 06.21.2032
São Jorge (5) 2.3 1.5 7.9 07.24.2026
hydroelectric power plant (HPP) 9.6 5.2 30.7  
Marumbi  4.8 2.4 20.8 (6)
Chopim I  2.0 1.5 2.8 (3)
Melissa  1.0 0.6 2.0 (3)
Salto do Vau  0.9 0.6 4.6 (3)
Pitangui  0.9 0.1 0.4 (3)
Thermal Power Plant 20.0 17.7 2.3  
Figueira  20.0 17.7 2.3 03.27.2019
Wind Power Plants 1,130.2 561.3 2,397.9  
Eólica de Palmas (4) 2.5 0.4 2.0 09.29.2029
São Bento Energia, Invest. e Part. S.A. 94.0 38.1 163.8  
GE Boa Vista S.A.  14.0 5.2 20.5 04.28.2046
GE Farol S.A. 20.0 8.8 35.5 04.20.2046
GE Olho D’Água S.A. 30.0 12.8 55.5 06.01.2046
GE São Bento do Norte S.A. 30.0 11.3 52.3 05.19.2046
Copel Brisa Potiguar S.A. 183.6 89.4 299.9  
Nova Asa Branca I Energias Renováveis S.A. 27.0 12.1 43.6 04.25.2046
Nova Asa Branca II Energias Renováveis S.A. 27.0 11.9 41.4 05.31.2046
Nova Asa Branca III Energias Renováveis S.A. 27.0 12.3 39.0 05.31.2046
Nova Eurus IV Energias Renováveis S.A. 27.0 12.4 46.4 04.27.2046
Santa Maria Energias Renováveis S.A. 29.7 15.7 39.0 05.08.2047
Santa Helena Energias Renováveis S.A. 29.7 16.0 60.2 04.09.2047
Ventos de Santo Uriel S.A. 16.2 9.0 30.2 04.09.2047
Complexo Eólico Cutia 180.6 71.4 364.0  
UEE Cutia S.A. 23.1 9.6 50.8 01.05.2042
UEE Esperança do Nordeste S.A. 27.3 9.1 44.6 05.11.2050
UEE Guajiru S.A. 21.0 8.3 37.2 01.05.2042
UEE Jangada S.A. 27.3 10.3 61.7 01.05.2042
UEE Maria Helena S.A. 27.3 12.0 58.0 01.05.2042
UEE Paraíso dos Ventos do Nordeste S.A. 27.3 10.6 56.9 05.11.2050
UEE Potiguar S.A. 27.3 11.5 54.7 05.11.2050
Complexo Eólico Bento Miguel 132.3 58.7 261.3  
CGE São Bento do Norte I S.A. 23.1 10.1 51.8 08.04.2050
CGE São Bento do Norte II S.A. 23.1 10.8 50.9 08.04.2050
CGE São Bento do Norte III S.A. 23.1 10.2 40.7 08.04.2050
CGE São Miguel I S.A. 21.0 9.3 40.7 08.04.2050
CGE São Miguel II S.A. 21.0 9.1 39.3 08.04.2050
CGE São Miguel III S.A. 21.0 9.2 38.0 08.04.2050
Complexo Eólico Vilas (8) 186.7 98.6 285.3  
Vila Ceará I (Antiga Vila Paraíba IV) 32.0 17.8 51.6 01.14.2054
Vila Maranhão I 32.0 17.8 51.7 01.11.2054
Vila Maranhão II  32.0 17.8 51.7 01.14.2054
Vila Maranhão III (Antiga Vila Paraíba III) 32.0 16.6 48.6 01.14.2054
Vila Mato Grosso (Antiga Vila Alagoas III) 58.9 28.6 81.7 12.06.2054
Complexo Jandaira 90.1 46.9 210.7  
Jandaira I 10.4 5.6 28.6 04.02.2055
Jandaira II 24.3 12.3 56.9 04.02.2055
Jandaira III 27.7 14.8 70.0 04.02.2055
Jandaira IV 27.7 14.2 55.2 04.02.2055
Aventura 9 105.0 65.0 329.9  
Aventura II 21.0 13.1 65.6 06.05.2053
Aventura III 25.2 15.5 78.2 06.11.2053
Aventura IV 29.4 18.5 94.7 06.05.2053
Aventura V 29.4 17.9 91.5 06.05.2053
Santa Rosa e Mundo Novo 9 155.4 92.8 480.9  
Santa Rosa e  Mundo Novo I 33.6 17.3 86.4 06.04.2053
Santa Rosa e  Mundo Novo II 29.4 17.2 95.3 06.04.2053
Santa Rosa e  Mundo Novo III 33.6 21.5 113.7 06.04.2053
Santa Rosa e  Mundo Novo IV 33.6 21.0 110.9 06.01.2053
Santa Rosa e  Mundo Novo V 25.2 15.8 74.5 06.01.2053
TOTAL  6,018.7 2,646.9 20,311.0  
(1) RAG of R$167.9 million, updated by Aneel's Resolution No. 3,353, of July 23, 2024.
(2) Power plants exempted from concession, are only registered with ANEEL.
(3) Assured power considered the average wind generation.
(4) Extension of Grant according to REH 2919/2021, 2932/2021  and  3.242/2023.
(5) Under approval by ANEEL.

(6) Assured Power updated by Ordinance N°709/2022 for: FDA, Segredo, Salto Caxias and GPS, effective from January/2023.
(7) According to Order No. 561/2024, commercial operations suspended.
(8) Complexes Aventura and Santa Rosa & Novo Mundo joined the Company's portfolio in Jan/23.
* Considers internal consumption of generators and generation in commercial operation.
** Plant do not participate in the MRE.

 

 

RESULTS | 3Q24  

45

 

 

 

Exhibit IV - OPERATIONAL DATA > GENERATION
             
INTEREST            
Enterprise Partners Installed
Capacity (MW)
Assured Power 1
(Average MW)
Proportional installed capacity (MW) Proporcional Assured Power
(Average MW)
Concession Expires
Hydroelectric Power Plants    1,111.8  586.8 500.9  264.9  
Large hydroelectric power plant (HPP)   1,076.6 561.5 486.2 254.2  
HPP Gov. Jayme Canet Junior (Mauá)
(Consórcio Energético Cruzeiro do Sul)
COPEL GeT - 51%
Eletrosul - 49%
361.0 188.5 184.1 96.1 06.28.2049
HPP Baixo Iguaçu
(Consórcio Empreendedor Baixo Iguaçu)
COPEL GeT - 30%
Geração Céu Azul - 70%
350.2 172.4 105.1 51.7 12.03.2049
HPP Santa Clara  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
120.2 66.0 84.2 46.2 05.10.2040
HPP Fundão  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
120.2 62.1 84.1 43.5 06.11.2040
HPP Dona Francisca
(DFESA)
COPEL - 23,03%
Gerdau - 53,94%
Celesc - 23,03%
125.0 72.5 28.8 16.7 09.21.2037
Small hydroelectric power station (SHP)   29.1 20.4 10.4 7.3  
SHP Arturo Andreoli 5
(Foz do Chopim)
COPEL GeT - 35,77%
Silea Participações - 64,23%
29.1 20.4 10.4 7.3 07.07.2034
Hydroelectric Generating Centers (CGH)   6.1 4.9 4.3 3.4  
CGH Santa Clara I
(Elejor)
COPEL - 70%
Paineira Participações - 30%
3.6 2.8 2.5 2.0 (2)
CGH Fundão I  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
2.5 2.1 1.7 1.5 (2)
Wind Power Plants    108.5  57.1   53.2  28.0  
Voltalia - São Miguel
do Gostoso (5 parques)
COPEL- 49%
Voltalia-  51% 
108.5 57.1 53.2 28.0 (3)
 Solar     2.3   -  1.1 -  
Solar Paraná 4   
  COPEL - 49%
2.3 - 1.1 - 09.15.2046
TOTAL    1,222.6 643.9 555.2 292.9  
1 Assured power updated by Ordinance No. 709/2022 of: HPP Mauá, Santa Clara, Fundão and Dona Francisca. 
2  Elejor requested the reclassification of its Small Hydroelectric Power Plants - (SHPs) Fundão I and Santa Clara I to Hydroelectric Generating Centers (CGHs), as amended by Art. 8 of Law 9074/1995. This was formalized through ANEEL Authorizing Resolutions 14,744 and 14,745 of 06/20/2023, with the plants exempted from concession, having only registration with ANEEL.
3 The Concession Expires of the wind farm concessions are respectively: Carnaúbas (04.09.2047), Reduto (04.16.2047), Santo Cristo (04.18.2047), São João (03.26.2047).
4 Holding of 6 SCPs operating in the field of distributed generation (photovoltaic plants): Pharma Solar II, Pharma Solar III, Pharma Solar IV, in commercial operation, e Bandeirantes Solar I, Bandeirantes Solar II e Bandeirantes Solar III, in pre-operational.
5  Extension of Grant according to REH 3.242/2023.

 

 

RESULTS | 3Q24  

46

 

 

 

Exhibit IV - OPERATIONAL DATA > TRANSMISSION
               
Subsidiary / SPC Contract Enterprise TL   APR ¹ (R$ milhões) Concession Expiration
Extension (km)2 Amount MVA
Copel GeT 060/20013 Several 2,129 35 12,815 663.1 01.01.2043
Copel GeT 075/20014 TL Bateias - Jaguariaiva 138 - - 17.0 08.17.2031
Copel GeT 006/2008 TL Bateias - Pilarzinho 32 - - 2.8 03.17.2038
Copel GeT 027/2009 TL Foz - Cascavel Oeste 117 - - 16.6 11.19.2039
Copel GeT 010/2010 TL Araraquara II — Taubaté 334 - - 45.3 10.06.2040
Copel GeT 015/2010 SE Cerquilho III - 1 300 7.3 10.06.2040
Copel GeT 022/2012 TL Foz do Chopim - Salto Osório
LT Londrina - Figueira
102 - - 8.1 08.27.2042
Copel GeT 002/2013 TL Assis — Paraguaçu Paulista II 83 1 150 11.7 02.25.2043
Copel GeT 005/2014 TL Bateias - Curitiba Norte 31 1 300 13.3 01.29.2044
Copel GeT 021/2014 TL Foz do Chopim - Realeza 52 1 300 13.5 09.05.2044
Copel GeT 022/2014 TL Assis – Londrina 122 - - 28.1 09.05.2044
Copel GeT 006/165 Lot E: TL Baixo Iguaçu - Realeza; TL Uberaba - Curitiba Centro; TL Curitiba Leste - Blumenau; SE Medianeira; SE Curitiba Centro; SE Andirá leste; Other Sections 255 4 900 160.9 04.07.2046
Costa Oeste
Copel Get - 100%
001/2012 TL Cascavel Norte - Cascavel Oeste
TL Cascavel Norte - Umuarama Sul
SE Umuarama Sul
159 1 300 19.7 01.12.2042
Marumbi
Copel GeT - 100%
008/2012 TL Curitiba - Curitiba Leste 29 1 672 28.3 05.10.2042
Uirapuru Transmissora
Copel GeT - 100%
002/20056 TL Ivaiporã - Londrina 122 - - 27.0 03.04.2035
Subtotal Copel GeT 7     3,705 45 15,737 1,062.6  
Caiuá Transmissora
Copel GeT - 49%
Elecnor - 51%
007/2012 TL Guaíra - Umuarama Sul
TL Cascavel Norte - Cascavel Oeste
SE Santa Quitéria / SE Cascavel Norte
142 2 700 17.0 05.10.2042
Integração Maranhense
Copel GeT - 49%
Elecnor - 51%
011/2012 TL Açailandia - Miranda II 365 - - 25.6 05.10.2042
Matrinchã
Copel GeT - 49%
State Grid - 51%
012/2012 TL Paranaíta - Ribeirãozinho 2,033 4 800 138.8 05.10.2042
Guaraciaba
Copel GeT - 49%
State Grid - 51%
013/2012 TL Ribeirãozinho - Marimbondo 930 1 - 71.7 05.10.2042
Paranaíba
Copel GeT - 24,5%
Furnas - 24,5%
State Grid - 51%
007/2012 TL Barreiras II - Pirapora II 967 - - 47.7 05.02.2043
Cantareira
Copel GeT - 49%
Elecnor - 51%
19/2014 TL Estreito - Fernão Dias 656 - - 70.7 09.05.2044
Mata de Santa Genebra
Copel GeT - 50,1%
Furnas - 49,9%
001/14 TL Araraquara II - Bateias 887 1 3,600 161.1 05.14.2044
Subtotal SPCs 8     5,980 8 5,100 532.6  
Total     9,685 53 20,837 1,595.2  
1 Proportional to Copel's interest in the project. Values referring to the 2023/2024 cycle, effective from July 1, 2024, according to REH 3.348/2024 - Technical Note No. 105/2024 – STR/ANEEL, of July 09, 2024. Considers investments that came into operation until 09/30/2024.
² Considers double circuit sections (circuits that share the same transmission tower).
³ Contract renewed according to Law 12,783/13. The O&M portion is part of the RBSE, under the terms of the Law. It will be received until the end of the concession (Jan/2043). The value of the APR for the 2024-2025 cycle, excluding the RBSE, according to REH 3,3348/2024, is R$ 148.3 million. This amount refers to additional RAP for reinforcements and improvements, in effect when REH 3,348/2024 was published.
4 As of 10.31.2018, the APR was reduced by 50%.
5 The construction of 38 km of sectioning lines was foreseen in the implementation of the Andirá Leste and Medianeira SEs, 2 km of which for Contract 060/2001 and 36 km for LTs that do not belong to Copel GeT, which, despite being included in the APR, in reason for the investment made, will not be added to Copel's assets.
6 As of 07/09/2021, the APR was reduced by 50%.
7 Consolidated Result.
8 Equity Income.

 

 

RESULTS | 3Q24  

47

 

 

 

Exhibit IV - OPERATIONAL DATA > DISTRIBUTION
             
OPERATIONAL DATA            
             
Number of Consumers Locations served Cities served Voltage Number of Substations MVA Km of lines
5,137,652 1,068 395 13,8 kV - -   113,526
34,5 kV 237 1,704  91,744
69 kV 36 2,518  778
88 kV 0 5  -
138 kV 123 7,861 6,878
        396 12,088 212,926
Consumer-to-employee ratio DIS 2019 2020 2021 2022 2023 Sep-24

Captive Consumers 
4,713,240 4,835,852 4,926,608 5,011,555 5,098,006 5,159,261
Copel Dis employees 4,964 4,641 4,430 4,257 4,203 3,237
Consum/Emp 949 1,042 1,112 1,177 1,213 1,594
             
QUALITY OF SUPPLY            
             
  Year DEC ¹
(hours)
FEC ²
(outages) 
     
  2020 7.83 5.61      
  2021 7.47 5.09      
  2022 7.96 5.10      
  2023 7.97 5.41      
  Sep-24 8.23 5.41      
¹  DEC measured in hours and hundredths of an hour
²  FEC expressed in number of interruptions and hundredths of a number of interruptions year to date
* Values of the last 12 months
Period Technical Loss Non-Technical Loss Total loss
Regulatory (1)  Real (2) Regulatory (3)  Calculated (4) Regulatory (5)  Total (6)
Sep-20 6.05% 6.02% 4.70% 3.49% 8.16% 7.61%
Sep-21 5.79% 5.91% 4.47% 4.48% 7.71% 7.71%
Sep-22 5.79% 5.73% 4.47% 4.22% 7.63% 7.53%
Sep-23 5.79% 5.85% 4.47% 4.71% 7.57% 7.67%
Sep-24 5.79% 6.24% 4.47% 4.22% 7.57% 7.47%
             
(1) Percentage established in the tariff review;
(2) Technical loss calculated and reported monthly to Aneel;
(3) Percentage established in the tariff review;
(4) Difference between reported total losses and technical losses calculated as a percentage established in the review and the total injected energy, also reported monthly to Aneel;
(5) (Regulatory percentage of PNT x informed BT Market + technical losses calculated as a percentage established in the review and the total energy injected) / Injected energy;
(6) Total loss on injected energy.
NOTE: In the calculation of the distributor's total losses, energy losses inherent to the electric power system (technical losses), commercial losses (mainly due to fraud, theft) and differences related to the shift in the billing schedule and the effects of the portion of mini and micro generation distributed in the Company's network

 

 

 

RESULTS | 3Q24  

48

 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date November 6, 2024

 

COMPANHIA PARANAENSE DE ENERGIA – COPEL
     
By:

/S/  Daniel Pimentel Slaviero


 
  Daniel Pimentel Slaviero
Chief Executive Officer
 

 

 

FORWARD-LOOKING STATEMENTS

 

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.



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