SAO PAULO, March 16, 2012 /PRNewswire/ -- CTEEP - Companhia de Transmissao de Energia Eletrica Paulista (Bovespa: TRPL3; TRPL4) (CTEEP)  announces its Conference Call and Webcast to discuss  2011 earnings results:

WHAT:  

2011 Results Conference Call

WHEN:

Today at 2:00 p.m. (New York)

WHERE:  

http://www.mediatown.com.br/prnewswire/player/?id=844

HOW:  

Live via Internet – Simply access the above site or call









Numbers to Call:

Participants from Brazil: (55 11) 4688-6361

Participants from the USA: (1 888) 700-0802

Participants from other countries: (1 786) 924-6977

Access Code: CTEEP

HIGHLIGHTS

  • Net operating revenue reached R$ 2,900.8 million in 2011, which represents an increase of 28.6% compared with the R$ 2,256.3 million in 2010, the principal variations being as follows;
    • Revenue from construction amounted to R$ 1,103.7 million in 2011 compared with R$ 693.8 million in 2010;
    • Revenue from operation and maintenance totaled R$ 555.1 million in 2011 compared with R$ 442.5 million in 2010;
    • Financial revenue, generated from the concession contracts amounted to R$ 1,589.9 million in 2011, compared with R$ 1,398.2 million in 2010;
  • At ANEEL Auction 004/2011, held in September 2011, CTEEP successfully bid for the following two lots;
    • Lot K - the Itapeti Substation at an estimated investment of R$ 43.0 million and RAP R$ 4.4 million;
    • Lot L - Luiz Gonzaga – Garanhuns, Garanhuns - Pau Ferro, Campina Grande – Garanhuns, Garanhuns – Angelim I Transmission Lines, and the Garanhuns and Pau Ferro substations at an estimated investment of R$ 650.0 million and RAP of R$ 68.9 million (CTEEP's stake in the project being 51%);
  • EBITDA of R$ 1,459.5 million in 2011 represents a growth of 23.8% in relation to 2010 when this item reported R$ 1,176.1 million – equivalent to an EBITDA Margin of 50.3% in 2011 against 52.1% in 2010;
  • Net Income reached R$ 915.3 million in 2011, a growth of 12.7% in relation to the R$ 812.2 million in 2010;
  • Readjustment in Annual Allowed Revenue - RAP: ANEEL's Ratifying Resolution 1171 of July 2011 established a new Company RAP for the 2011/2012 cycle. CTEEP's new RAP now totals R$ 2,008.3 million, a growth in the controlling company of 14.1% compared with 2010/2011.


Contact: Marcio Lopes Almeida (Chief Financial and Investor Relations Officer), Thiago Lopes da Silva (Investor Relations Manager) of CTEEP - Companhia de Transmissao de Energia Eletrica Paulista, +55 11 3138-7557, or by e-mail to ri@cteep.com.br.

If you are unable to listen to the webcast live, this will be filed to the website http://www.cteep.com.br/ir. In order to access the replay click on the Investor Relations section. Or if you prefer, access the website http://www.prnewswire.com.br.

Should you experience any difficulties in hearing the transmission please send an e-mail to atendimento@prnewswire.com.br

The largest private sector concessionaire operating a public utility service for the transmission of energy in Brazil, CTEEP - Companhia de Transmissao de Energia Eletrica Paulista – is responsible for the annual transportation of 30% of all electricity produced in the country, 60% of the energy consumed in the Southeast Region and nearly 100% in the state of Sao Paulo.

With head offices in the city of Sao Paulo, CTEEP has a footprint in the states of Rio Grande do Sul, Santa Catarina, Parana, Sao Paulo, Minas Gerais, Rondonia, Mato Grosso, Mato Grosso do Sul, Goias, Tocantins, Maranhao, Piauí, Paraiba and Pernambuco. It also has a stake in companies constituted for rendering public utility services of electric energy transmission: 100% in the subsidiaries IEMG (Interligacao Eletrica de Minas Gerais), Pinheiros (Interligacao Eletrica Pinheiros) and Serra do Japi (Interligacao Eletrica Serra do Japi); 50% in IESul (Interligacao Eletrica Sul), 51% in IEMadeira (Interligacao Eletrica Madeira); 25% in IENNE (Interligacao Eletrica Norte e Nordeste) and 51% in IEGaranhuns (Interligacao Eletrica Garanhuns).

In 2011, a total 141,127 GWh of energy was carried along CTEEP's  system, a network made up of 12,993 km of transmission lines, 18,782.41 km of circuits, 2,488 km of optic fiber cables  and 106 substations with tension up to 550 kV, representing a total installed capacity of 45,131 MVA. This network interlinks connection points of the generator companies and other transmission companies, feeding into the distributors' network which carries electricity to the final consumer.

Controlled by ISA, one of the largest energy transmission groups in Latin America, CTEEP also counts among its investors, Eletrobras - the largest energy group in Brazil, the government of the state of Sao Paulo and 60 thousand personal and corporate shareholders.

CTEEP's shares are listed on the BM&FBovespa and since 2002, the Company has been a component of BM&FBovespa's Level 1 Corporate Governance. Its preferred shares are listed on the Ibovespa stock index, the most important indicator of the average performance of share prices on the Brazilian stock market. In addition, the Company operates an American Depositary Receipts – ADR Program under SEC Rule 144 A in the United States.

SOURCE CTEEP - Companhia de Transmissao de Energia Eletrica Paulista

Copyright 2012 PR Newswire

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