Power Consumption - The total power consumption in Brazil for the year ended December 31, 2023, was 531,013 GWh, reflecting a 4.2% increase from 509,441 GWh in 2022[687]. - The residential sector's electricity consumption grew by 7.6%, reaching 164,323 GWh in 2023 compared to 152,771 GWh in 2022[689]. Financial Liabilities and Obligations - The company's liabilities related to compulsory loans decreased by R$7.2 billion to R$17.3 billion in 2023, down from R$24.4 billion in 2022[693]. - As of December 31, 2023, the company's obligations under compulsory loan agreements totaled R$896.7 million[693]. - The company reduced its provisions in respect of 3,409 lawsuits related to compulsory loans by R$7.2 billion in 2023[693]. Revenue and Financial Performance - The total value of RAP (Annual Revenue Requirement) for the 2022-2023 cycle was R$18.3 billion, representing an increase of approximately 25% compared to the previous cycle[703]. - The approved RAPs for the 2023/2024 cycle amounted to R$17.57 billion across various subsidiaries[712]. - The company recorded impairments totaling R$1.847 billion for the year ended December 31, 2023, compared to R$2.690 billion in 2022, indicating a decrease in impairments[724]. - The impairment provision for the Coxilha Negra wind farm was R$591.9 million, while the Samuel Hydroelectric Plant recorded an impairment of R$261.9 million in 2023[726][727]. Debt and Financing Activities - The reprofiling of debentures in June 2023 extended the maturity of Eletronorte's issuance by 5 years, with interest rates reduced to CDI + 2.17% per annum[715]. - In September 2023, the company completed its fourth debenture issuance totaling R$7.0 billion, with R$4.0 billion in the first series and R$3.0 billion in the second series[717]. - The subsidiary Furnas issued commercial notes in five series totaling R$3.5 billion, with amounts ranging from R$0.5 billion to R$1.0 billion across the series[718]. - In November 2023, the subsidiary SAESA underwent a debt restructuring, with a capital increase of R$2.04 billion used to prepay part of SAESA's debt, and the company assumed an outstanding debt balance of R$11.5 billion[719]. Market Operations - The company has been trading 20% of its energy on the Free Market since 2023, with plans for all trading to be conducted on the Free Market from 2024 onwards[690]. Financial Risks and Expenses - The company’s financial expenses primarily reflect debt and leasing expenses, which are significant components of its overall financial performance[745]. - The company’s operational provisions include charges for legal proceedings, bad debt expenses, and impairments, reflecting a comprehensive approach to managing financial risks[738]. - The company has entered into derivative contracts to hedge against foreign exchange fluctuations related to U.S. dollar-denominated debts totaling U.S.$1.25 billion[748]. Tax Implications - Operating revenues from electricity generation and transmission are subject to various taxes, including VAT, which has been impacted by a recent Supreme Court ruling on unconstitutional high rates[730].

Financial Data and Key Metrics Changes - The company reported a decrease in total revenue to BRL 17 billion in Q4 2023, down from BRL 19 billion in the previous quarter [58] - The company maintained a relatively low leverage ratio of 2.2x, which includes debts from Teles Pires as of September 30, 2023 [58] - There was a significant drop in compulsory loan inventory, decreasing from BRL 1.88 billion in Q3 to BRL 900 million in Q4 [58] Business Line Data and Key Metrics Changes - The recurring costs were reported at BRL 650 million, with an additional BRL 69 million in expenses due to profit-sharing provisions [6] - The company achieved an availability rate of 99.96% in its lines and transformers, indicating high operational efficiency [10] - The company recognized BRL 860 million in impairments related to the Coxilha Negra wind farm and other assets [65] Market Data and Key Metrics Changes - The trading environment has been affected by rainfall and heat waves, leading to increased demand for energy in Q1 2024 [59] - The average energy prices are expected to rise, with projections of BRL 110 in 2024 and potentially reaching BRL 150 to BRL 170 by 2025-2028 [84] - The company has been actively participating in capacity auctions, preparing projects to be competitive [15][43] Company Strategy and Development Direction - The company aims to increase investment capacity, targeting BRL 7 billion for 2024 [3] - There is a focus on modernizing assets while ensuring health and safety, with a proactive approach to asset management [10][33] - The company is restructuring its commercialization department to enhance client orientation and expand its client base [55] Management's Comments on Operating Environment and Future Outlook - Management emphasized the need for caution regarding leverage levels, suggesting a comfortable range of 3.5 to 4 [32] - The company is closely monitoring the Amazonas situation, which involves significant debt and provisions [39] - Management expressed confidence in the company's ability to generate predictable results moving forward [62] Other Important Information - The company is working on cleaning up its liabilities, with a decrease in total contingency inventory to BRL 19 billion [27] - There is an ongoing voluntary dismissal plan for 2024, focusing on safety and security [82] - The company is actively involved in legal and regulatory discussions to enhance concession flexibility [77] Q&A Session Summary Question: What is the leverage level for comfort and maintenance CapEx? - Management indicated that a leverage level of 3.5 to 4 would be comfortable, but many variables require caution [32] Question: Can you provide more details on the drop in transmission revenue? - The company noted a BRL 200 million drop in transmission revenue quarter-on-quarter, attributed to high rainfall in Q4 [34] Question: What are the company's plans for upcoming auctions? - The company plans to participate in both the March and September auctions, having actively engaged in previous auctions [43][49]

Acquisition and Investment - Eletrobras completed the acquisition of 100% of the Retiro Baixo HPP, paying R$222.3 million for a 51% stake, with gross debt of R$31 million and a cash balance of R$59 million as of September[4] - The Retiro Baixo HPP has a capacity of 82 MW and a physical guarantee of 34.8 MWm, contracted at an average price of R$299/MWh until December 2038[5] - The consolidated EBITDA for the Retiro Baixo HPP is approximately R$80 million as of December 2022[6] - The asset has been operational since 2010 and has a concession term until March 2047[5] Strategic Alignment - The transaction aligns with Eletrobras' Strategic Plan to optimize minority stakes and simplify its corporate structure[7] - The acquisition reinforces Eletrobras' commitment to strategic growth and market expansion[7] Financial Stability and Risk Management - Eletrobras aims to enhance cash flow stability through GSF SP 97 insurance associated with the plant[5] - The company is focused on future economic conditions and industry performance as part of its forward-looking statements[15] - Eletrobras emphasizes the importance of monitoring risks such as regulatory changes and market conditions that may impact financial results[10] - The company has no obligation to update forward-looking statements based on new information or events[10]

Financial Data and Key Metrics Changes - The recurring regulatory EBITDA was BRL 6.2 billion, while the IFRS EBITDA was BRL 4.6 billion. The regulatory net income stood at BRL 2.7 billion, and the adjusted net income per IFRS was BRL 1.1 billion [13] - The company achieved a net debt-over-EBITDA ratio of 2x, with a net debt of BRL 39 billion, incorporating Teles Pires' net debt [23] - The PMSO (Personnel, Material, and Services Operating) decreased from BRL 1.951 billion to BRL 1.680 billion, reflecting a 14% reduction [21] Business Line Data and Key Metrics Changes - Transmission revenue increased, while generation revenue slightly decreased due to the ending of the quota regime [17] - The company has incorporated almost 2 gigawatts into its portfolio, resulting in an increase of BRL 141 million in EBITDA [16] Market Data and Key Metrics Changes - The company has expanded its client base from 30 to 150 clients, with plans to continue increasing this number [11] - The average price for energy contracts is expected to rise, with projections indicating a price increase from BRL 65 to nearly BRL 80 by 2024 [42] Company Strategy and Development Direction - The company is focusing on operational efficiency and reducing costs through voluntary resignation programs, aiming for a BRL 1.2 billion saving from the first program and BRL 670 million from the second [38] - Eletrobras aims to become net zero by 2030, aligning with the UN's science-based targets initiative [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, emphasizing the importance of optimizing capital structure and improving cash flow [3][9] - The company is not concerned about power prices and is restructuring its commercialization department to enhance client acquisition [11] Other Important Information - The company has reduced its compulsory loan from BRL 26 billion to BRL 19 billion, indicating progress in liability management [15][46] - Eletrobras is prioritizing high-quality existing assets and is not looking for major acquisitions outside Brazil at this time [10] Q&A Session Summary Question: Can you provide more details on the power balance agreements and future cost expectations? - Management explained that the agreements are being negotiated at market prices, and they expect continued improvements in efficiency [28][29] Question: What is the expectation for the compulsory loan reduction in the fourth quarter? - Management indicated that they anticipate further reductions in the compulsory loan, with a focus on managing liabilities effectively [57] Question: How is the integration of Furnas progressing? - The integration of Furnas is a priority, but management could not confirm if it would be completed within the year [65] Question: What is the status of the payment of interest on shareholders' equity? - Management clarified that they are now focusing on careful financial management and will ensure transparency in future financial decisions [66][87]

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q2 2023 Earnings Conference Call August 9, 2023 1:30 PM ET Company Participants Wilson Ferreira Junior - CEO Elvira Presta - CFO, Chief IR Officer, EVP, Finance & IR Rodrigo Limp - EVP, Regulation & Institutional Relations Elio Wolff - EVP, Strategy & Business Development Conference Call Participants Andre Sampaio - Santander Antonio Junqueira - Citigroup Marcelo Sa - Itaú BBA Daniel Travitzky - Safra Operator Ladies and gentlemen, thank you for wa ...

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 June, 2023 Commission File Number 1-34129 CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS (Exact name of registrant as specified in its charter) BRAZILIAN ELECTRIC POWER COMPANY (Translation of Registrant's name into English) Rua da Quitanda, 196 – 24th floor, Centro, CEP 20091-005, Rio de Janeiro, RJ, Brazil (Address o ...

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q1 2023 Earnings Conference Call May 5, 2023 1:30 PM ET Company Participants Wilson Ferreira – President and Chief Executive Officer João Carlos Guimarães – Head-Commercialization Elvira Presta – Chief Financial Officer and Investor Relations Officer Rodrigo Limp – Director of Regulation and Institutional Relations Conference Call Participants Andre Sampaio – Santander Bank Marcelo Sa – Itau Rafael Nagano – Credit Suisse Antonio Junqueira – Citi He ...

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 April, 2023 Commission File Number 1-34129 CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS (Exact name of registrant as specified in its charter) BRAZILIAN ELECTRIC POWER COMPANY (Translation of Registrant's name into English) Indicate by check mark whether the registrant by furnishing the information contained in this ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR (G) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents OR CENTRAIS ELÉTRICAS BRASILEIRAS S.A. — ELETROBRAS (exact name of registrant as specif ...

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 March, 2023 Commission File Number 1-34129 CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS (Exact name of registrant as specified in its charter) BRAZILIAN ELECTRIC POWER COMPANY (Translation of Registrant's name into English) Rua da Quitanda, 196 – 24th floor, Centro, CEP 20091-005, Rio de Janeiro, RJ, Brazil (Address ...