January, 2016
2
Companhia Paranaense de Energia - Copel
Head office: Curitiba/PR
62 years in the industry
Top technology – Generation, Transmission,
Distribution and Telecomunication
Since 1994 on the BM&FBovespa
22 years of listing
19 years of listing on the NYSE
the first of the brazilian electric sector
Present in the European Union
14 years listed on Latibex
Agricultural 10.6% Industries 16.4% Utilities 4.0% Construction 5.7% Trade 15.9% Services 47.5%
3
State of Paraná
Geographic Information
Area: 199,000 km
2(2.3% of the country)
Population: 11 milion
(5.5% of Brazil´s population)
Counties: 399
Economic Data
GDP 2014: R$ 358 bilion (6% of Brazilian GDP)
GDP 9M15¹: R$ 275 bilion
Companhia Paranaense de Energia - Copel
EBITDA
Net income
4
5,683 MW of installed capacity in operation
30
power plants and 10 Corporate partnerships
Addition of 737 MW by 2019
GENERATION
DISTRIBUTION
More than 4.3 million customers
4th largest Distributor in number of costumers
3rd largest in electricity consumption (MWh)
2,794 km of lines¹ and 38 Substations² in operation
3,131 km of transmission lines by 2021
Concession renewed until 2042 (Contract 060/2001)
28,005 km of optical fiber
401 municipalities with optic fiber
More than 41,153 customers
TELECOMUNICATION
TRANSMISSION
BREAKDOWN BY OPERATING SEGMENTS – 9M15
³ Estimated value. 4 Includes the sectors of telecom, water and sanitation and gas.
¹ Adjusted by Copel’s stake. ² Participation in 5 Substations.
Gen
69%
Tra³
12%
Dis
11%
Other
47%
Gen
73%
Tra³
9%
Dis
10%
Other
48%
Organization Chart
Corporate Structure | Operating Performance | Financial Highlights | Capex
5
Generation Transmission Other
COPEL
COPEL Geração e Transmissão 100,0% COPEL Distribuição 100,0% COPEL Telecom 100,0% COPEL Renováveis 100,0% COPEL Participações 100,0% Brisa Potiguar 100,0% CUTIA 100,0% São Miguel do Gostoso I 49,0% Dois Saltos 30,0% UEG Araucária 60,0% Cruzeiro do Sul 51,0% São Jerônimo 41,2% Baixo Iguaçu 30,0% Tapajós 11,1% Mata de Santa Genebra 50,1% Matrinchã 49,0% Guaraciaba 49,0% Sul Brasileira 20,0% Foz do Chopim 35,8% Elejor 70,0% Dona Francisca 23,0% UEG Araucária 20,0% COMPAGAS 51,0% CARBOCAMPEL 49,0% AMEC 48,0% ESCOELECTRIC 40,0% SERCOMTEL 45,0% Paraná Gás 30,0% SANEPAR 7,6% Dominó Holding 49,0% Paranaiba 24,5% Cantareira 49,0% Caiuá 49,0% Integração Maranhense 49,0% Costa Oeste 51,0% Marumbi 80,0% São Bento Energia 100,0%Capital Structure and Shareholders
Corporate Structure | Operating Performance | Financial Highlights | Capex
As of 09.30.2015
6
Thousand shares
Shareholders
Common
%
Preferred "A"
%
Preferred "B"
%
TOTAL
%
State of Paraná 85,029 58.6 - - - - 85,029 31.0 BNDESPAR 38,299 26.4 - - 27,282 21.3 65,581 24.0 Eletrobras 1,531 1.1 - - - - 1,531 0.6 Free Floating 19,874 13.7 129 33.9 100,915 78.7 120,918 44.2 BM&FBovespa 18,748 12.9 129 33.9 62,874 49.0 81,751 29.9 NYSE 1,126 0.8 - - 37,972 29.6 39,098 14.3 LATIBEX - - - - 69 0.1 69 -Other 297 0.2 252 66.1 47 - 596 0.2 TOTAL 145,030 100.0 381 100.0 128,244 100.0 273,655 100.0 58.6% 26.4% 1.1% 13.7% 0.2%
Common
State of Paraná BNDESPAR Eletrobras Free Floating Other 21.2% 78,6% 0.2%Preferred
BNDESPAR Free Floating Other7
86%
7%
1%
6%
Copel
5,683 MW
61%
4%
29%
6%
Brazil
140,640 MW
Main Power Plants
Installed
Capacity (MW)
Assuresd Power
(average MW)
Concession Expires
Gov. Bento Munhoz da Rocha Netto (Foz do Areia)
1,676
576
05.23.2023
Gov. Ney Aminthas de B. Braga (Segredo)
1,260
603
11.15.2029
Gov. José Richa (Salto Caxias)
1,240
605
05.04.2030
Mauá
(1)185
100
07.03.2042
Gov. Pedro V. Parigot de Souza (Capivari-Cachoeira)
(2)260
109
01.05.2046
(1) Refered to Copel's stake (51% of power plant capacity of 363 MW).(2) Plant hired in quota regime from 2016, paid that year by the service providing revenue of R$ 130.9 million. From 2017, 30% of the physical guarantee is uncontracted.
Installed Capacity
Power Generation Assets
Corporate Structure | Operating Performance | Financial Highlights | Capex
SHP TPP
R$ 171,02 R$ 171,74 R$ 152,92 R$ 152,92 R$ 152,92 R$ 167,65 R$ 168,33 R$ 147,07 R$ 147,07 R$ 147,07
27%
24%
13%
13%
12%
12%
61%
59%
47%
24%
15%
15%
12%
17%
40%
64%
73%
73%
2015
2016
2017
2018
2019
2020
Regulated Market Free Market Avaiable
R$ 160.11 R$ 149.55 R$ 155.30 R$ 172.11 R$ 183.52 R$ 185.43 R$ 186.20
8
Will be sold in the spot market (CCEE)
Energy Sale – Copel GeT
Corporate Structure | Operating Performance | Financial Highlights | Capex
Assured Energy (MW average)
2015
2016
2017
2018
2019
2020
1,971
11,931
1,22,120
22,135
22,163
2,157
Data available up to December-15. Prices will be adjusted by inflation.Assured energy avaiable in the cargo center, included HPP Dona Francisca, net of losses. From 2017 includes GPS physical collateral available for sale.
1 Consider the delay of Colíder HPP. 2 Consider the delay of Baixo Iguaçu HPP.
R$ 177.20 R$ 174.49
9
Corporate Structure | Operating Performance | Financial Highlights | Capex
Assured power (average-MW)
2015
2016
2017
2018
2019
139
167
238
238
293
Growth in Generation
33%
28%
19%
19%
16%
67%
55%
39%
39%
32%
17%
12%
12%
10%
30%
30%
43%
2015
2016
2017
2018
2019
São Bento Energia
Brisa Potiguar
SMG I
Cutia
R$ 131,92 R$ 193.01 R$ 193.01 R$ 193.01 R$ 193.01 R$ 168.77 R$ 168.77 R$ 168.77 R$ 168.77 R$ 131.92 R$ 131.92 R$ 131.92 R$ 159.90 R$ 159.90 R$ 155.94 R$ 168.77 R$ 193.01
Growth in Generation
Corporate Structure | Operating Performance | Financial Highlights | Capex
¹ Price updated by IPCA until September 2015. Font CCEE.
² Sale 70% in ACR. Concession Contract No. 002/2012 of 20/08/2012. ³ Adjusted for Copel’s stake.
Types of auctions: LFA – Auction of Alternative Sources/ LER – Auction Reserve Energy/ LEN – New Energy Auction.
Power Plant
Installed Capacity
(MW)
Assured Power
(Average MW)
Capex Project*
(R$ million)
Start-up
Energy Sold¹
Stake
Under construction
737.0
357.6
Copel GeT
405.0
231.4
125 average MW
R$ 139.96
121 average MW
R$ 151.16
Copel Renováveis
332.0
126.2
126.2 average MWR$ 155.94
Projects in the portfolio
1,577.2
95.6
SHP
³45.2
25.4
-
-
-WPP
159.0
70.2
-
-
-TPP
1,373.0
-
-
-
-126.2
2017 (LER)
2019 (LEN)
100% Copel
1,600
Cutia
(LER 2014 and LEN 2014)
HPP Colíder
300.0
179.6
2016
100% Copel GeT
HPP Baixo Iguaçu², ³
2017
30% Copel GeT
70% Neoenergia
105.0
51.8
1,914
482
332.0
10
* Estimated ValuesTransmission Assets
Corporate Structure | Operating Performance | Financial Highlights | Capex
6 Value submitted to Aneel. Subject to validation.
7 To be received in installments between January 2013 and January 2016.
11
Subsidiary / SPC Contract Enterprise TL Substation APR ¹
(R$ million)
Concession Expiration
Extension (km) Amount MVA
Copel GeT 060/2001² Several 1,919 32 12,202 174.9 Dec-42
Copel GeT 075/2001 TL Bateias - Jaguariaiva 137 - - 17.2 Jul-31
Copel GeT 006/2008 TL Bateias - Pilarzinho 32 - - 0.9 Mar-38
Copel GeT 027/2009 ³ TL Foz - Cascavel Oeste 116 - - 10.2 Nov-39
Copel GeT 015/2010 Cerquilho III Substation - 1 300 4.6 Oct-40
Copel GeT 022/2012 LT Foz do Chopim - Salto Osório
LT Londrina - Figueira 98 - - 5.1 Aug-42
Subtotal Copel GeT 4 2,302 33 12,502 213.0 -
Costa Oeste
Copel GeT - 51% Eletrosul - 49%
001/2012 TL Cascavel Oeste - Umuarama Sul
Umuarama Sul Substation 143 1 300 5.8 Jan-42
Transm. Sul Brasileira
Copel GeT - 20% Eletrosul - 80%
004/2012 Nova Sta Rita - Camaquã 798 1 300 12.4 May-42
Caiuá Transmissora
Copel GeT - 49% Elecnor - 51%
007/2012
TL Guaíra - Umuarama Sul TL Cascavel Norte - Cascavel Oeste
Santa Quitéria Substation / Cascavel Norte Substation
136 2 700 10.8 May-42
Integração Maranhense
Copel GeT - 49% Elecnor - 51%
011/2012 TL Açailandia - Miranda II 365 - - 16.5 May-42
Marumbi
Copel GeT - 80% Eletrosul - 20%
008/2012 LT Curitiba - Curitiba Leste 28 1 300 14.7 May-42
Subtotal SPCs 5
1,470 5 1,600 60.2
Total 3,772 38 14,102 273.2
¹ Refered to Copel's stake
² Renewed contract pursuant to Law 12,783/13
³ APR updated as tariff review process - Aneel Resolution 1,901/15
4 Consolidated Financial Statement 5 Equity in Earning of ubsidiaries
R$ 882 million
6Evaluation Report of
Transmission Assets
RBSE
R$ 894 million
7Compensation of the
assets that entered into
operation after May 2000
Growth in Transmission
Corporate Structure | Operating Performance | Financial Highlights | Capex
Northeast
Southeast
Midwest
South
Guaraciaba Transmissora
600 km + 1 SEMatrinchã Transmissora
1,005 km + 3 SETL Bateias – Curitiba Norte
33 km + 1 SE
TL Foz do Chopim - Realeza
53 km + 1 SE TL Assis - Londrina 120 km TL Curitiba – Blumenau 230 Km
Paranaíba Transmissora
967 kmTL Araraquara - Taubaté
356 kmTL Assis – Paraguaçu Paulista II
37 km + 1 SE
SPE Mata de Santa Genebra
847 km + 3 SESPE Cantareira
328 kmTotal Capex
1,2R$ 3.8 billion
APR Copel ¹
R$ 465.6
million
TL extension ¹
2,437 km
12
¹ Adjusted for Copel’s stakeGrowth in Transmission
Corporate Structure | Operating Performance | Financial Highlights | Capex
13
Subsidiary / SPC Auction Signing of
Contract Enterprise State km Subst
APR¹ (R$ million) CAPEX ² (R$ million) Start up Concession Expiration
Copel GeT 001/10 Oct-10 TL Araraquara II — Taubaté SP 356 - 28.4 250.0 Dec-16 Oct-40
Copel GeT 007/12 Feb-13
TL Assis — Paraguaçu Paulista II SP 37 - 7.0 57.8 Feb-16 Feb-43 Paraguaçu Paulista II
Substation - 1 Feb-16 Feb-43 Copel GeT 007/13 Jan-14 TL Bateias - Curitiba Norte PR 33 1 7.7 69.0 Mar-16 Jan-44 Copel GeT 001/14 Sep-14 TL Foz do Chopim - Realeza PR 53 1 6.4 49.0 Mar-17 Sep-44 Copel GeT 001/14 Sep-14 TL Assis – Londrina SP / PR 120 - 16.7 135.0 Sep-17 Sep-44
Copel GeT 005/15 Pendente
LT Curitiba Leste - Blumenau
PR / SC 230 3 97.9 580.6
Mar-21
3
LT Baixo Iguaçu - Realeza Sep-19
Subtotal Copel GeT 829 6 164.1 1,141.4 -
Matrinchã
Copel GeT - 49% State Grid - 51%
002/12 May-12 TL Paranaíta - Ribeirãozinho MT 1,005 3 84.9 882.0 Nov-15 May-42
Guaraciaba Copel GeT - 49% State Grid - 51% 002/12 May-12 TL Ribeirãozinho - Marimbondo MT / GO / MG 600 1 44.5 441.0 Nov-15 May-42 Paranaíba Copel GeT - 24,5% Furnas - 24,5% State Grid - 51%
007/12 May-13 TL Barreiras II - Pirapora II BA / MG /
GO 967 - 29.4 235.2 May-16 May-43 Mata de Santa Genebra
Copel GeT - 50,1% Furnas - 49,9%
007/13 May-14 TL Araraquara II - Bateias SP / PR 847 3 100.6 784.6 Nov-17 May-44
Cantareira
Copel GeT - 49% Elecnor - 51%
001/14 Sep-14 TL Estreito - Fernão Dias SP / MG 328 - 42.0 305.8 Mar-18 Sep-44
Subtotal SPC 3,747 7 301.4 2,648.5 Total 4,576 13 465.6 3,789.9
¹ Update according to Aneel Ratification Resolution 1918/2015 (R$ milion) / Adjusted for Copel’s stake.
2 Aneel reference value (R$ million) / Adjusted for Copel’s stake. 3 The grant will expire 30 years after the contract signing date
Distribuition
Corporate Structure | Operating Performance | Financial Highlights | Capex
Tariff Adjustment - June/2014
14
3.64%
• Deferral
2013
8.20%
• Deferral
2014
3.52%
• Parcel A and
Parcel B
adjustment
Average increase: 15.32%
Distribution lines
192,854 km
Customers
4,391,802
Substations
362
Average Consumption
167.5 kWh/month
Concession area
194,854 km²
Quality Recognized – Awards in 2014 and 2015
>
ABRADEE - Best Evaluation by Customer 2014 and 2015
>
CIER - Best distribution company in Latin America
>
IASC (ANEEL) – Best distribution company in Brazil’s south region
>
PNQ - Worldwide Company – Customer’s Outlook
Market Growth – Copel Distribuição
Source: EPE – Monthly Market Review
3Q15
Brazil
Copel
Captive
Copel
Grid
-2.7%
-1.0%
-2.5%
9M15
Brazil
Copel
Captive
Copel
Grid
-1.7%
0.6%
-0.8%
Residential 30% Industrial 28% Commercial 23% Rural 9% Others 10%Distribuition
15
Extension of Distribution Concessions
Criteria to be achieved from 2016, as new Concession Agreement:
Corporate Structure | Operating Performance | Financial Highlights | Capex
>
Quality
>
Operational and financial management
>
Tariff affordability
DEC
i²
FEC
i²2016 13.61 9.24
2017 EBITDA ≥ 0 12.54 8.74
2018 EBITDA (-) QRR³ ≥ 0 11.23 8.24
2019 {Net Debt / [EBITDA (-) QRR³]} ≤ 1 / (0.8 * SELIC4) 10.12 7.74 2020 {Net Debt / [EBITDA (-) QRR³]} ≤ 1 / (1.11 * SELIC4) 9.83 7.24
³ QRR: Regulatory Reintegration Quota or Regulatory Depreciation Expense. This is the value defined in the most recent Periodical Tariff Review (RTP), plus the General Market Price Index (IGP-M) between the month preceding the RTP and the month preceding the twelve-month period of the economic and financial sustainability measurement.
4
Selic: limited to 12.87% p.y.
Year
Economic and Financial Management
Quality (Limit Established)
1
1
According to Aneel’s Technical Note No. 0335/2015
² DECi – Equivalent Time of Interruption Caused by Internal Source per Consumer Unit; and FECi – Equivalent Frequency of Interruption Caused by Internal Source per Consumer Unit.
Telecommunications and other sectors
Corporate Structure | Operating Performance | Financial Highlights | Capex
Copel’s stake
100.0%
Optical cables network
28,005 km
Number of Customers
41,153
EBITDA 9M15
R$87.5 million
>
Telecommunications
>
Water and Sewage
>
Gas
Copel’s stake
51.0%
Number of Customers
29,138
Amount of sales in 9M15¹
3.4 million m³/day
EBITDA 9M15²
R$ 22.2 million
Copel’s stake
13.6%
Population served with
water network
10.8 milhões
Distribution network
extension
47,000 km
Equity in earnings of
subsidiaries – 9M15²
R$40.8 million
¹ Includes the average supply of 2.1 million m³ /day to TPP Araucaria from February 1, 2014
17
Thermal Power Plant Result – 9M15
3Q15
3Q15/3Q14
%
9M15
9M15/9M14
%
Consolidated
net revenue
286.6
(38.5)
1,406.8 (6.8)
Net income
23.1
(67.9)
278.4 (12.2)
EBITDA
16.4
(84.0)
402.4
(7.8)
3Q15
Net
Margin
EBITDA
Margin
8.1%
5.7%
>
Operation of UEGA (Copel 80%) since 02/01/2014
>
Merchant model, does not have availability agreements
>
Energy produced is sold in the short-term market (MCP)
>
Variable Unit Cost - CVU¹
>
From 02/01 to 05/31/2015: R$ 765.86/MWh
>
From 06/01/2015 to 01/31/2016: R$ 595.11/MWh
UEGA Results
(R$ million)
¹ Defined by Aneel Ruling 210/2015 Subject to change
9M15
Net
Margin
EBITDA
Margin
19.8%
28.6%
Corporate Structure | Operating Performance | Financial Highlights | Capex
3,308
2,465
2014
2015
Araucária TPP Dispatch
(GWh)
18
* Amounts subject to rounding.
Operating revenue
Operating revenue – 9M15
R$ million
Use of transmission grid
Electricity sales to
final customers
Eletricity sales to
distributors
Other operating revenues
6,169
8,146
3,287
3,245
9,456
11,391
2014
2015
+20%
1,843
2,749
1,229
1,410
3,072
4,159
2014
2015
+35%2,281
2,335
958
751
3,239
3,086
2014
2015
-5%1,062
1,075
587
642
1,649
1,717
2014
2015
+4%984
1,986
512
443
1,496
2,429
2014
2015
+62% 1H 3QCopel
GeT
19%
Copel
Dis
64%
UEGA
12%
Outros
5%
9M15
19
By subsidiary
R$ million
Operating Costs and Expenses – 9M15
Operating costs and expenses
Eletricity
Charges for the use of main
transmission grid
Natural Gas
Manageable Costs¹
* Amounts subject to rounding
¹ Considers the cost of staff, managers , pension plan and health care, material, third party services and other.
+27%
5,237
7,235
2,981
3,183
8,218
10,418
2014
2015
2,175
3,567
1,311
1,448
3,486
5,015
2014
2015
+44% +46% -1% +16%258
406
168
217
426
623
2014
2015
702
756
359
298
1,061
1,054
2014
2015
969
1,081
474
592
1,443
1,673
2014
2015
1H 3QCopel
GeT
15%
Copel
Dis
69%
UEGA
10%
Outros
6%
9M15
EBITDA– 9M15
9M15
Evolution of Consolidated EBITDA margin (%)
EBITDA Margin per subsidiary (%)
EBITDA Breakdown
By subsidiary
Subsidiary
EBITDA 3Q15 R$ million 3Q15/3Q14 %Copel GeT
1,073.8
(27.2)
Copel Distribuição
159.1
-
Copel Telecom
87.5
5.0
Other/eliminations
306.9
(27.1)
Consolidated
1,627.3
(10.6)
GeT
Distribuição
Telecom
49.6
2.2
42.9
20
20
15.1
9.2
3Q14
3Q15
-39%
19.3
14.3
9M14
9M15
-26%
Copel
GeT
66%
Copel
Dis
10%
Telecom
5%
Outros
19%
9M15
Net income– 9M15
21
R$ million
9M15
Net margin by subsidiary (%)
Consolidated net margin performance (%)
Net Income Breakdown
7.1
2.8
3Q14
3Q15
-61%
11.3
7.6
9M14
9M15
-33%
GeT
Distribuição
Telecom
32.5
1.4
21.3
650
832
772
273
233
91
923
1,065
863
2013
2014
2015
Net Income Performance
1H 3Q
Subsidiary
Income 9M15
R$ milion9M15/9M14
%
Copel GeT
704.5
(28.6)
Copel Distribuição
98.2
-
Copel Telecom
43.4
1.0
Other/eliminations
17.3
-
Consolidated
863.4
(18.9)
¹ Calculated by taking the annual dividend per share and dividing by the CPLE6 stock’s price.
Dividends
Year
Annual Dividend
Yield¹
2009
6.9%
2010
1.7%
2011
3.9%
2012
1.9%
2013
6.5%
2014
7.5%
249
281
421
268
561
623
28%
30%
35%
35%
50%
50%
2009
2010
2011
2012
2013
2014
Dividend and IOC Historical
Gross Value (R$ mm)
Payout
Corporate Structure | Operating Performance | Financial Highlights | Capex
23
¹ Annualised.
Subsidiary
GeT
Dis
Tel
Consolidated
Operating Revenues (R$ million)
2,164.5
7,217.3
204.1
11,391.1
Operating Income (R$ million)
926.2
155.6
65.4
1,278.2
Net Income (R$ million)
704.5
98.2
43.4
863.4
EBITDA (R$ million)
1073.8
159.1
87.5
1,627.3
Retur on Equity¹ (%)
17.1
8.1
14.5
13.0
EBITDA Margin (%)
49.6
2.2
42.9
14.3
Net Margin (%)
32.5
1.4
21.3
7.6
Subsidiaries
Corporate Structure | Operating Performance | Financial Highlights | Capex
Debt profile
As of 09.30.2015
49.7%
Debt / Shareholders’ Equity
24
Corporate Structure | Operating Performance | Financial Highlights | Capex
¹ EBITDA YoY
Net Debt / EBITDA
R$'000
Short Term Long Term
Total
Oct-15 - Sep-16 Oct-16 - Dec-16 2017 2018 2019 2020 From 2021
Domestic Currency 627,521 793,317 1,665,770 1,483,750 915,375 464,674 1,032,933 6,983,340 Foreign Currency 1,999 - - - - - 104,492 106,491 TOTAL 629,520 793,317 1,665,770 1,483,750 915,375 464,674 1,137,425 7,089,831 (407) 541 1,014 2,280 4,723 5,773 2.7 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 (1,000) 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2010 2011 2012 2013 2014 9M15 time s R$ m ill ion
Capex
2,477
3,150
1,586
1,027
1,430
1,846
1,777
2011
2012
2013
2014
2015
2016
Schedule
Accumulated 9M
Carried
R$ million
Capex by Business
(Schedule 2015)
Historical Capex
1 Considers the transfer of wind farms to Copel GeT
2 Included Copel Telecomunicações, Holding & New Business
Corporate Structure | Operating Performance | Financial Highlights | Capex
Copel
GeT
176%
Copel
Dis
18%
Other
216%
25
Carried Capex
1,850
1,586
9M14
9M15
-14%
Capex
Corporate Structure | Operating Performance | Financial Highlights | Capex
26
Copel Geração e Transmissão 353.6 861.3 1,300.1 1,695.1HPP Colíder 131.8 274.7 345.1 120.0 HPP Baixo Iguaçu 5.1 30.8 158.5 85.6 HPP Gov. Parigot de Souza (GPS) - Auction 12/2015 - - - 574.8 TL Araraquara / Taubaté 28.2 71.2 144.0 161.6 TL Figueira-Londrina / Foz do Chopim-Salto Osório 0.9 15.7 10.5 -SE Paraguaçu Paulista 10.3 44.3 40.2 6.7 TL Bateias - Curitiba Norte 6.0 15.9 42.0 11.3 TL Foz do Chopim - Realeza 1.7 2.0 17.5 34.7 TL Assis - Londrina - - - 82.8 TL Curitiba Leste - Blumenau - - - 11.1 SPC Matrinchã Transmissora de Energia ¹ 42.3 132.2 104.9 21.6 SPC Guaraciaba Transmissora de Energia ¹ 42.1 76.8 96.9 74.7 SPC Mata de Santa Genebra Transmissão ¹ - 2.8 10.8 190.7 SPC Cantareira Transmissora de Energia ¹ 9.5 23.4 45.3 94.3 SPC Paranaíba Transmissora de Energia ¹ - - - 7.3 Other 75.6 171.5 264.6 218.0 Copel Distribuição 151.0 486.3 784.7 570.0 Copel Telecomunicações 28.8 79.5 107.7 146.0 Copel Participações - - - 0.1 Copel Renováveis - - - 1.4 Holding - - 5.5 4.1 Copel Brisa Potiguar - - - 110.2 São Bento Energia - - - 3.2 Cutia Wind Farm Complex 12.4 16.5 90.0 601.3 Bento Miguel Wind Farm Complex - - 50.0 -São Miguel do Gostoso Wind Farm Complex ¹ 7.8 7.8 22.6 -Other Invesment ² 33.2 135.0 116.3 18.3
TOTAL 586.8 1,586.4 2,476.9 3,149.8
² Incl udi ng the ga s bl ocks a nd other wi nd fa rms i n fi na l s tages of cons truction. ¹ Referri ng to COPEL's s take.
Subsidiary / SPC Scheduled 2015 Carried out 3Q15 Carried out 9M15 R$ million Scheduled 2016