<SEC-DOCUMENT>0001292814-25-003988.txt : 20251114
<SEC-HEADER>0001292814-25-003988.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114160529
ACCESSION NUMBER:		0001292814-25-003988
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRAZILIAN ELECTRIC POWER CO
		CENTRAL INDEX KEY:			0001439124
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34129
		FILM NUMBER:		251485836

	BUSINESS ADDRESS:	
		STREET 1:		RUA DA QUITANDA, 196, 24TH FLOOR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20091-005
		BUSINESS PHONE:		55 21 2514 5891

	MAIL ADDRESS:	
		STREET 1:		RUA DA QUITANDA, 196, 24TH FLOOR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20091-005
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ebr20251114_6k1.htm
<DESCRIPTION>6-K
<TEXT>
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<TITLE></TITLE>
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<HR SIZE="2" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%">

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>For the month of November, 2025</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Commission File Number 1-34129</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A.
- ELETROBR&Aacute;S</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BRAZILIAN ELECTRIC POWER COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Rua da Quitanda, 196 &ndash; 24th floor,<BR>
Centro, CEP 20091-005,<BR>
Rio de Janeiro, RJ, Brazil</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">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.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Yes _______ No___X____</P>
<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 1.1pt 165.7pt 0 2.3in; text-align: center"><B></B></P>

<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 1.1pt 165.7pt 0 2.3in; text-align: center"><B></B></P>

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<P STYLE="font: italic 12pt Verdana,sans-serif; margin-top: 0; margin-bottom: 6pt; letter-spacing: 0.75pt; text-align: center">&nbsp;</P>

<P STYLE="font: 9.5pt Verdana,sans-serif; margin: 0; text-align: center"><B>&nbsp;</B></P>


<P STYLE="text-align: center; margin-top: 0; font: 9.5pt Verdana,sans-serif; margin-bottom: 0"><B>CERTIFICATE</B></P>

<P STYLE="font: 9.5pt Verdana,sans-serif; margin: 0; text-align: center"><B>MINUTES FOR THE ONE THOUSAND AND EIGHTY-EIGHTH MEETING OF
CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A.&#8217;S BOARD OF DIRECTORS (&#8220;AXIA ENERGIA&#8221;)</B></P>

<P STYLE="font: 9pt Verdana,sans-serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 0 0 7.1pt; text-align: justify">NIRE 3330034676-7/CNPJ No. 00001180/0001-26</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7pt 0 7.1pt; text-align: justify">We hereby certify, for all intents and purposes,
that the 1080th meeting of AXIA ENERGIA&#8217;s Board of Directors was held on 11.13.2025 in a virtual format. A call of meeting was issued
by the Board&#8217;s Chair pursuant to the Company's Articles of Incorporation. President and Chair of the Board of Directors VICENTE
FALCONI CAMPOS (VFC) presided over the meeting. The Director ANA SILVIA CORSO MATTE (ASM) and Directors CARLOS MARCIO FERREIRA (CMF),
FELIPE VILLELA DIAS (FVD), JOS&Eacute; JO&Atilde;O ABDALLA FILHO (JAF), MARISETE F&Aacute;TIMA DADALD PEREIRA (MFP), MAUR&Iacute;CIO TIOMNO
TOLMASQUIM (MTT), NELSON JOS&Eacute; HUBNER MOREIRA (NHM), PEDRO BATISTA DE LIMA FILHO (PBL) and SILAS RONDEAU CAVALCANTE SILVA (SRS)
were present at the meeting. There were no recorded absences. Participants from the Corporate Governance Board: Vice President of Governance
and Sustainability CAMILA GUALDA SAMPAIO ARAUJO (CSA), Governance Secretary FERNANDO KHOURY FRANCISCO JUNIOR (FKJ) and Governance Officer
BRUNO KLAPPER LOPES (BKL). INSTRUCTION: Supporting materials were made available to the Board members through the Governance Portal. <B>QUORUMS
FOR INSTALLATION AND RESOLUTIONS:</B> The resolutions of this meeting must take place in the presence of a majority of its members, and
its resolutions are taken by a majority of those present (art. 31, head provision, Articles of Incorporation), except in cases involving
an authorized quorum (art. 32, Articles of Incorporation). Quorum for installation: ten members, in compliance with the minimum quorum
requirement of six members. Minimum quorum for resolutions: six members, except in cases where there is an explicit record of alteration
of the quorum of those present at the time of resolution. Advance notice of a conflict of interest on the part of the Director and/or
their temporary absence will result in their presence being discounted from calculations of minimum quorum required to pass a board resolutions.</P>

<P STYLE="font: 9.5pt Verdana,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Times New Roman,serif; margin: 0 7pt 0 7.1pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 9.5pt">&Oslash;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;
</FONT><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9.5pt"><B>DEL-183/2025. Issuance of Bonds belonging to AXIA Energia and
AXIA Energia Norte and instructions for voting during AXIA Energia Norte&#8217;s SSM. (RES 441, of 11.10.2025). </B>Centrais El&eacute;tricas
Brasileiras S.A.&#8217;s &#8211; (&#8220;AXIA Energia&#8221;) Board of Directors, in the use of the powers vested therein, as part of
a proposal and decision from the Executive Board and favorable opinion issued by the Planning and Projects Committee &#8211; CPRO, HEREBY
RESOLVES upon the following:</FONT></P>

<P STYLE="font: 9.5pt/115% Verdana,sans-serif; margin: 0 7pt 0 7.1pt; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 6.55pt"></TD><TD STYLE="width: 0.55pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9.5pt"><B>(i)</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 7.1pt"><FONT STYLE="font-family: Verdana,sans-serif; font-size: 9.5pt">Approval of the
7th (seventh) issue of the Company&#8217;s (&quot;<U>AXIA Energia Issue</U>&quot; and &quot;<U>AXIA Energia Debentures</U>&quot;, respectively)
debentures not convertible into shares as part of a single series, in the amount of $1,000,000,000.00 (one billion reals) as of the Issue
Date (as defined below), in accordance with the provisions of article 59, head provision and &sect;1 of Federal Law No. 6.404, of December
15, 1976, as amended (&quot;<U>Brazilian Corporations Act</U>&#8221;). These debentures will be publicly distributed and automatically
registered without prior analysis from the Brazilian Securities and Exchange Commission (&#8220;<U>CVM</U>&#8221;) and are intended exclusively
for professional investors, as defined pursuant to articles 11 and 13 of CVM Resolution No. 30, of May 11, 2021, as amended (&#8220;<U>CVM
Resolution 30</U>&#8221; and &#8220;<U>Professional Investors</U>&#8221;, respectively). Debentures shall be distributed pursuant to Federal
Law No. 6.385, of December 7, 1976, as amended (&#8220;<U>Securities Market Act</U>&#8221;), CVM Resolution No. 160, of July 13, 2022,
as amended (&#8220;<U>CVM Resolution 160</U>&#8221;) and remaining applicable legal and regulatory provisions under a firm underwriting
arrangement</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt/14pt Times New Roman,serif; margin: 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify"><U>AXIA Energia Offer</U>&#8221;), as well as the
terms and conditions to be provided for in AXIA Energia&#8217;s Indenture (as defined below), as provided for in article 36, item X, of
the</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">Company&#8217;s Articles of Incorporation; <B>(ii)</B>&nbsp;approval
of Centrais El&eacute;tricas do Norte do Brasil S.A. &#8211; Eletronorte&#8217;s (&quot;<U>AXIA Energia Norte</U>&#8221;) 9th (ninth)
issue of debentures not convertible into shares, subject to an additional personal guarantee, as part of a single series in the total
amount of $2,000,000,000.00 (two billion reals), to be formalized through the &quot;<I>Private Indenture Instrument for the 9th (Ninth)
Issue of Centrais El&eacute;tricas do Norte do Brasil S.A. &#8211; Eletronorte&#8217;s Debentures, not Convertible into Shares, Subject
to an Additional Personal Guarantee, Publicly Distributed in an Automatic Manner as part of a Single Series </I>&#8221; (&#8220;<U>AXIA
Energia Norte Indenture</U>&#8221; and &#8220;<U>AXIA Energia Norte Debentures</U>&#8221;, respectively), under the terms of the Brazilian
Corporations Act and CVM Resolution 160 (&#8220;<U>AXIA Energia Norte Issue</U>&#8221;). Debentures will be subject to public distribution
and automatically registered and are exclusively offered to Professional Investors (&#8220;<U>AXIA Energia Norte Offer</U>&#8221;); <B>(iii)</B>&nbsp;approval
of the granting of a personal guarantee (&#8220;<U>Surety</U>&#8221;), by the Company, irrevocably and irreversibly, as guarantor and
principal payor, together with the express waiver of the benefits of order, rights and powers of exemption provided for in articles 333,
sole paragraph, 364, 366, 368, 821, 824, 827, 830, 834, 835, 837, 838 and 839 of Federal Law No. 10.406, of January 10, 2002, as amended
(&#8220;<U>Brazilian Civil Code</U>&#8221;), and articles 130 and 794, of Federal Law No. 13.105, of March 16, 2015, as amended (&#8220;<U>Code
of Civil Procedure</U>&#8221;). The Company shall be held jointly and severally liable with AXIA Energia Norte for faithful compliance
with all and any obligation, whether principal and/or ancillary, present and/or future, assumed by AXIA Energia Norte, within the scope
of the AXIA Energia Norte Debenture Issue and the AXIA Energia Norte Offer; <B>(iv)</B>&nbsp;approval of the execution of the instruments
necessary to carry out the AXIA Energia Issue, AXIA Energia Norte Issue, AXIA Energia Offer, AXIA Energia Norte Offer and the granting
of the Surety, including, but not limited to: <B>(a) </B>the&nbsp;&quot;<I>Centrais El&eacute;tricas Brasileiras S.A. &#8211; Eletrobras&#8217;s
Private Indenture Instrument for the 7th (Seventh) Issue of Simple Debentures, not Convertible into Shares, Subject to an Additional Personal
Guarantee, Publicly Distributed in an Automatic Manner as part of a Single Series</I>&#8221; (&#8220;<U>AXIA Energia Indenture</U>&#8221;)
and its amendment to reflect the result of the <I>Bookbuilding</I> Procedure (as defined below), regardless of any additional resolution
that comes to be passed by this Board of Directors, as well as other amendments that may be necessary, subject to the limits set forth
herein; <B>(b)</B>&nbsp;the AXIA Energia Norte Indenture and any amendments that may be necessary, subject to the limits set forth herein;
<B>(c)</B>&nbsp;the AXIA Energia Distribution Agreement (as defined below) and any amendments that may be necessary; and <B>(d)</B> the
&quot;<I>Coordination, Placement and Public Distribution Agreement for Centrais El&eacute;tricas do Norte do Brasil S.A. - Eletronorte&#8217;s
9th (Ninth) Issue of Debentures not Convertible into Shares, Subject to an Additional Personal Guarantee as part of a Single Series</I>&quot;,
to be executed by and between Eletronorte, the Coordinators (as defined below) and the Company (&quot;<U>AXIA Energia Norte Distribution
Agreement</U>&quot;) and any amendments that may be necessary; <B>(v)</B>&nbsp;delegation of powers to the Company's Executive Board,
AXIA Energia Norte&#8217;s Executive Board and/or the Company and AXIA Energia Norte&#8217;s attorneys-in-fact, depending on the specific
case, to perform all acts and execute all documents necessary to carry out the AXIA Energia Indenture, the AXIA Energia Norte Indenture,
the AXIA Energia Offer, the AXIA Energia Norte Offer and the granting of the Surety, including, but not limited to, the execution of the
AXIA Energia Indenture, the AXIA Energia Norte Indenture and their respective amendments, the AXIA Energia Distribution Agreement and
the AXIA Energia Norte Distribution Agreement. The Company shall therefore be able to negotiate and execute the respective instruments
and any</P>

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<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">amendments (if necessary), whether acting in the
capacity of issuer or guarantor, depending on the specific case; and <B>(vi)</B>&nbsp;the ratification of all acts previously carried
out by the Executive Board and/or by the Company's attorneys-in-fact, depending on the specific case, to render the resolutions provided
for herein effective, including, but not limited to, the contracting of institutions that are part of the securities distribution system
responsible for the public distribution of AXIA Energia Debentures within the scope of the AXIA Energia Offer, AXIA Energia Norte Debentures,
and the AXIA Energia Norte Offer (&#8220;<U>Coordinators</U>&#8221;, one of which will be designated a leading intermediary institution,
&#8220;<U>Lead Coordinator</U>&#8221;), and the remaining service providers for the purposes of the AXIA Energia and the AXIA Energia
Norte Offers. These institutions shall include the trustee (&#8220;<U>Trustee</U>&#8221;), which will represent the community of holders
of the AXIA Energia Debentures (&#8220;<U>Debenture Holders</U>&#8221;), the Registrar (as defined below), the Settlement Agent (as defined
below), Risk Rating Agency (as defined below), B3 (&#8220;<U>B3</U>&#8221; refers to the B3 S.A. &#8211; Brasil, Bolsa, Balc&atilde;o
or B3 S.A. &#8211; Brasil, Bolsa, Balc&atilde;o &#8211; Balc&atilde;o B3 stock exchanges, as applicable), company legal advisors, among
others.</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify"><B>Decision: </B>Items <B><I>(i), (ii), (iii), (iv),
(v) and (vi)</I></B> of the Resolutions were unanimously approved by the members of the Board Directors present, and the following acts
were approved the <B>(1)</B>&nbsp;execute of the AXIA Energia Issue and the AXIA Energia Offer, which will constitute the following primary
characteristics and conditions and will be described and regulated through the AXIA Energia Indenture: <B>(a)&nbsp;Allocation of Funds:</B>
The funds raised by the Company through AXIA Energia&#8217;s Debentures will be used for general matters of business interest, including
liability management. <B>(b) Issue Number:</B> The AXIA Energia Issue will constitute the Company&#8217;s 7th&nbsp;(seventh) issue of
debentures. <B>(c) Total Issue Amount:</B> $1,000,000,000.00 (one billion reals) as of the Issue Date (&#8220;<U>Total Issue Amount</U>&#8221;).
<B>(d) Par Value: </B>AXIA Energia Debentures will have a par value of R$1,000.00 (one thousand reals) as of the Issue Date (&#8220;<U>Par
Value</U>&#8221;). <B>(e)&nbsp;Number of AXIA Energia Debentures Issued:</B> One million (1,000,000) AXIA Energia Debentures will be issued
on the Issue Date, pursuant to the AXIA Energia Indenture. <B>(f) Series Number:</B> The AXIA Energia Issue will be made in a single series.
<B>(g)&nbsp;Form, Type and Proof of Ownership of AXIA Energia Debentures:</B> AXIA Energia Debentures will be issued in registered book-entry
form, without the issuance of provisory certificates or other certificates, and, for all legal intents and purposes, evidence of the ownership
of AXIA Energia Debentures will provided through a statement issued for the deposit account issued by the Registrar, who will be responsible
for recording AXIA Energia&#8217;s Debentures. In addition, with respect to AXIA Energia Debentures that are electronically held in custody
at B3, depending on the specific case, such a statement will be issued in the name of the Debenture Holder and will serve as proof of
ownership of such AXIA Energia Debentures <B>(h)&nbsp;Convertibility:</B> AXIA Energia&#8217;s Debentures will not be convertible into
shares issued by the Company. <B>(i)&nbsp;Type:</B> AXIA Energia&#8217;s Debentures will be unsecured, pursuant to article 58 of the Brazilian
Corporations Act. <B>(j) Issue Date:</B> For all legal intents and purposes, AXIA Energia&#8217;s Debentures will be issued on November
15, 2025 (&#8220;the <U>Issue Date</U>&#8221;). <B>(k)&nbsp;Term and Maturity Date:</B> AXIA Energia&#8217;s Debentures will mature 10
(ten) years counted from the Issue Date on November 15, 2035 (&#8220;the <U>Maturity Date</U>&#8221;), except in cases involving redemption
of AXIA Energia&#8217;s Debentures as provided for in the AXIA Energia Indenture, depending on the specific case, an Early Redemption
Offer with eventual redemption of the entirety of AXIA Energia&#8217;s Debentures, Optional Early Redemption, Mandatory Redemption Offer
(all of which are defined below) and consequent redemption of all AXIA Energia Debentures and/or the early maturity of the obligations
arising from AXIA Energia Debentures, under the terms to be provided for in the AXIA Energia Indenture.</P>

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<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify"><B>(l) Adjustments to Value of AXIA Energia&#8217;s
Debentures for Inflation:</B> The Par Value or the balance of the Par Value will not be subject to inflation adjustment. <B>(m)&nbsp;Amortization
of AXIA Energia Debentures&#8217; Principal:</B> Without prejudice to the payments arising from any advance maturity of obligations arising
from AXIA Energia&#8217;s Debentures, Elective Extraordinary Redemption, redemption of AXIA Energia&#8217;s Debentures, as provided for
in the AXIA Energia Indenture, complete early redemption arising from the Early Redemption Offer for AXIA Energia Debentures or Optional
Early Redemption of AXIA Energia Debentures under the terms to be provided for in the AXIA Energia Indenture and other applicable legislation,
the Par Value or the Par Value, depending on the specific case, will be paid annually starting with the 8th (eighth) year (including this
year itself), on November 15 of each year, in accordance with the dates and percentages to be provided for in the AXIA Energia Indenture.
<B>(n)&nbsp;Remuneration of AXIA Energia Debentures. </B>The Par Value or Par Value balance of AXIA Energia&#8217;s Debentures will incur
remuneration interest corresponding to 100% (one hundred percent) of the average daily DI &#8211; Interbank Deposits rates for a single
day, &quot;<I>over extra-group</I>&quot;, expressed as a percentage per year, based on 252 (two hundred and fifty-two) Business Days.
Rates are calculated and disclosed daily by B3 in the daily newsletter available on its website on the world wide web (http://www.b3.com.br)
(&quot;<U>DI Rate</U>&#8221;) and will increased exponentially by the <I>spread</I> (surcharge) to be defined in accordance with the <I>Bookbuilding</I>
Procedure, which will be limited to a percentage equivalent to 0.85% (eighty-five one hundredths of percent) to a 252 (two hundred and
fifty-two) Business Day base year (&quot;<U>Ceiling Rate</U>&quot; and &quot;<U>Remuneration</U>&quot;, respectively). Remuneration shall
be calculated exponentially and on a cumulative prorated basis per Business Days elapsed from the immediately preceding Date of Start
of Profitability or the Remuneration Payment Date (to be defined in the AXIA Energia Indenture) (including this date), depending on the
specific case, up until the date of effective payment (excluding the payment date). Remuneration must be calculated using formula to be
provided for in the AXIA Energia Indenture. <B>(o)&nbsp;Remuneration Payments for AXIA Energia&#8217;s Debentures:</B> Effective payment
of the Remuneration will be provided: <B>(i)</B>&nbsp;in semiannual installments, without a grace period and in a consecutive manner,
always on the 15th of May and November. The first payment will be made on May 15, 2026 and the last payment made on the Maturity Date,
as provided for in the AXIA Energia Indenture; <B>(ii)</B>&nbsp;on the date of early settlement resulting from early maturity of AXIA
Energia&#8217;s Debentures due to the occurrence of a Default Event (as defined below<B>); (iii)</B>&nbsp;on the date on which Elective
Extraordinary Redemption occurs (as defined below), as provided for in the AXIA Energia Indenture and/or <B>(iv)</B>&nbsp;on the date
on which early redemption of the AXIA Energia Debentures occurs, as provided for in the AXIA Energia Indenture (with each such date referred
to as a &#8220;<U>Remuneration Payment Date</U>&#8221;). AXIA Energia will provide remuneration payments to the Debenture Holders, in
accordance with B3&#8217;s standards and procedures. Payments related to AXIA Energia Debentures will be due to holders of AXIA Energia&#8217;s
Debentures at the end of the Business Day immediately prior to each Remuneration Payment Date. <B>(p) Subscription Price and Pay-In Method:</B>
AXIA Energia&#8217;s Debentures will be subscribed and paid in in cash in national currency, at their Par Value as of the Date of Start
of Profitability (&#8220;<U>Subscription Price</U>&#8221;), in accordance with the settlement standards applicable to B3. If any AXIA
Energia Debenture is paid in on a date other than and after the Date of Start of Profitability, the subscription price will comprise the
Par Value more Remuneration, calculated on a prorated basis between the Date of Start of Profitability and the effective payment date,
in accordance with the provisions to be provided for in the AXIA Energia Indenture. Provided that the</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">provisions set forth in the AXIA Energia Distribution
Agreement in this regard are adhered to, AXIA Energia&#8217;s Debentures may be placed <B>(i)</B>&nbsp;at a premium, provided that such
an act is approved by the Company; or <B>(ii)</B>&nbsp;at a discount, to be defined at the sole discretion of and through mutual agreement
of the Coordinators, provided that <B>(<I>x</I>)</B>&nbsp;they are applied equally to all AXIA Energia Debentures</P>


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<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">subscribed and paid in on the same payment date,
pursuant to article 61 of CVM Resolution 160; and <B>(<I>y</I>)</B>&nbsp;in such cases, the Company receive the same amount that it would
receive if payment was made at full Par Value on the date AXIA Energia&#8217;s Debentures are paid in. Premiums or discounts, if applicable,
will be applied according to objective market conditions, at the sole discretion of the Coordinators, including, but not limited to: <B>(i)</B>&nbsp;changes
in the SELIC rate; <B>(ii)</B>&nbsp;changes in the remuneration of national treasury bonds; <B>(iii)</B>&nbsp;changes to the DI Rate,
or <B>(iv)</B>&nbsp;relevant changes in the indicative trading rates for fixed income securities (debentures, real estate receivables
and agribusiness receivables certificates and other certificates) disclosed by ANBIMA<B>. (q) Scheduled Renegotiation:</B> AXIA Energia&#8217;s
Debentures will not be subject to scheduled renegotiation. <B>(r) Optional Full Early Redemption: </B>The Company may, at its sole discretion
and regardless of the will of the Debenture Holders holding AXIA Energia&#8217;s Debentures, carry out the early redemption of all (but
not part) of AXIA Energia&#8217;s Debentures between November 15, 2028 (including this date) and the Maturity Date (excluding this date)
(&#8220;<U>Optional Full Early Redemption</U>&#8221;). Upon Optional Full Early Redemption being made, the amount owed by the Company
will be equivalent to the Par Value or Par Value balance more: <B>(i) </B>Remuneration, calculated on a prorated basis starting on the
Date of Start of Profitability (including the start date) or the payment date for the immediately preceding Remuneration (including this
date), depending on the specific case, up until the effective date of Optional Full Early Redemption (excluding this date); and <B>(ii)</B>&nbsp;Late
Payment fees, if applicable; and <B>(iii)</B>&nbsp;a premium equivalent to 0.20% (twenty one hundredths of a percent) per year, multiplied
by the remaining term of AXIA Energia&#8217;s Debentures on a prorated basis and a 252 (two hundred and fifty-two) Business Day base,
considering the number of Business Days elapsed between the effective date of the Optional Full Early Redemption and the Maturity Date
and calculated according to the formula to be provided for in the AXIA Energia Indenture. <B>(s) Extraordinary Optional Redemption: </B>The
Issuer may, starting on November 15, 2028 (including this date) and up until the Maturity Date (excluding this date), carry out extraordinary
amortizations on the Par Value or Par Value balance, limited to 98% (ninety-eight percent) of the Par Value or Par Value balance (&#8220;<U>Elective
Extraordinary Redemption</U>&quot;), at its sole discretion, upon providing prior written notice at least 10 (ten) Business Days in advance
of the date of the intended Elective Extraordinary Redemption under the terms to be provided for in the AXIA Energia Indenture. Elective
Extraordinary Redemption will be made through payment of <B>(i)</B>&nbsp;the portion of the Par Value or Par Value balance, depending
on the specific case, to be amortized, more <B>(ii)</B>&nbsp;Remuneration, calculated on a prorated basis starting on the Date of Start
of Profitability (including this date) or the payment date for the immediately preceding Remuneration (including this date), depending
on the specific case, up until the date of effective Optional Elective Extraordinary Redemption (excluding this date), levied on the portion
of the Par Value or Par Value balance to be amortized and other feeds due and unpaid by the date of Elective Extraordinary Redemption;
<B>(iii)</B>&nbsp;any late fees (if applicable); and <B>(iv)</B>&nbsp;a premium equivalent to 0.20% (twenty one hundredths of percent)
per year, multiplied by the remaining term of AXIA Energia&#8217;s Debentures on a prorated basis and considering a 252 (two hundred and
fifty-two) Business Day base and the</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">number of Business Days elapsed between the date
of effective Elective Extraordinary Redemption and the Maturity Date, calculated according to the formula to be provided for in the AXIA
Energia Indenture. <B>(t)</B>&nbsp;<B>Optional Acquisition: </B>Subject to the provisions of CVM Resolution No. 77, of March 29, 2022,
as amended, the Company may, at its sole discretion and subject to approval from the respective selling debenture holder, acquire AXIA
Energia&#8217;s Debentures for an amount equal to or less than the Par Value (or balance), depending on the specific case. Such a decision
must be included in the management</P>


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<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">report and Issuer&#8217;s financial statements.
Debentures may be acquired at an amount greater than the Par Value (or balance), depending on the specific case, and the provisions of
article 55, paragraph 3, of the Brazilian Corporations Act must be observed in such cases (&#8220;<U>Optional Acquisition</U>&#8221;).
<B>(u) Mandatory Redemption Offer: </B>In the event of a Change in Risk as a result of an Original Acquisition of Control (which are both
defined in the AXIA Energia Indenture) during the Initial Acquisition Period (as defined in the AXIA Energia Indenture) and/or after completion
of the Original Acquisition of Control (without the Change in Risk being remedied by the end of the Original Acquisition Period) (&#8220;<U>Acquisition
Event</U>&#8221;), provided that such an is legally permitted, the Company will be obligated to make an offer to redeem the AXIA Energia
Debentures from Debenture Holders who choose to dispose of their respective AXIA Energia Debentures for an amount equivalent to the Par
Value or Par Value balance depending on the specific case. Additionally, the Remuneration due by the Mandatory Redemption Date (as defined
below), excluding this date, and any fees due and not paid until the date of the redemption offer (&#8220;<U>Mandatory Redemption Offer</U>&#8221;)
shall be added to this amount. <B>(v) Early Redemption Offer:</B> The Company may offer, at its sole discretion and at any time, full
or partial early redemption of AXIA Energia&#8217;s Debentures (&quot;<U>Early Redemption Offer</U>&quot;). The Early Redemption Offer
will be addressed to all Debenture Holders, without distinction, and all Debenture Holders will be guaranteed the right to decide to accept
the early redemption of the AXIA Energia&#8217;s Debentures that they hold, in accordance with the terms and conditions to be provided
for in the Indenture and applicable legislation. The amount to be paid for each of the Debentures shall be equivalent to the amount stated
in the Early Redemption Offer Notice (as to be defined in the Indenture), including the redemption premium, if applicable. <B>(w) Location
of Payment:</B> Payments for AXIA Energia Debentures will be made by the Company on their due date using the following provisions, depending
on the specific case: <B>(i)</B>&nbsp;the procedures adopted by B3, for AXIA Energia Debentures electronically held in custody at B3;
or <B>(ii)</B>&nbsp;the procedures adopted by the Registrar for AXIA Energia Debentures that may not be electronically held in custody
at B3. <B>(x) Late Payment Fees: </B>Without prejudice to the provided Remuneration, depending on the specific case, and the provisions
to be established in the AXIA Energia Indenture, in the event of a delay attributable to the Company in the payment of any amount due
to Debenture Holders, the amount in arrears will be subject to the following conditions, regardless of any notice, summons or judicial
or out of court notification: <B>(i)</B>&nbsp;a conventional, irreducible and non-compensatory late payment fee of 2% (two percent) incurred
on the amount due and not paid; and <B>(ii)</B>&nbsp;default interest calculated on a prorated basis counted from the date of default
until the effective payment date at a rate of 1% (one percent) per month incurred on the amount due and not paid, in addition to billing
expenses incurred (&#8220;<U>Late Payment Fees</U>&#8221;). <B>(y) Early Maturity:</B> Subject to the provisions of the AXIA Energia Indenture,
in the event that the circumstances to be described in the Indenture occur the Trustee shall declare all obligations arising from AXIA
Energia&#8217;s Debentures in advance and demand the Company&#8217;s immediate payment to the Debenture Holders, of the Par Value or Par
Value balance, more the Remuneration due, calculated on a prorated basis counted from the Date of Start of Profitability or the most recent
Remuneration Payment Date,</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">depending on the specific case, and Late Payment
Fees and fines, if any, levied up to the date of their effective payment, and any other amounts eventually due by the Company under the</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">terms to be provided for in the AXIA Energia Indenture.
It is hereby established that such events of early maturity, periods for remedies, limits and/or minimum values (<I>thresholds</I>), specifications,
reservations and/or exceptions in relation to such events will be negotiated and defined by the Company's Executive Board in the AXIA
Energia Indenture. It shall also be decided whether such events are events involving automatic or non-automatic maturity (each referred
to as a &#8220;<U>Default Event</U>&#8221;). <B>(z)</B></P>


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<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify"><B>Placement and Distribution Procedure:</B> AXIA
Energia&#8217;s Debentures will be publicly distributed under the intermediation of the Coordinators, under the terms of the Securities
Market Act, CVM Resolution 160 and remaining applicable legal and regulatory provisions. Debentures will be distributed under a firm
underwriting arrangement with regards to the Total Issue Value in an individually rather than joint manner, at the proportion and amounts
established in the &#8220;<I>Agreement for the Coordination, Placement and Public Distribution of Centrais El&eacute;tricas Brasileiras
S.A &#8211; Eletrobras&#8217;s 7th (Seventh) Issue of Automatically Registered Debentures Not Convertible into Shares as Part of a Single
Series</I>&quot;, to be executed by and between the Company and the Coordinators (&#8220;the <U>AXIA Energia Distribution Agreement</U>&quot;).
AXIA Energia&#8217;s Debentures may only be placed with investors after being automatically registered with the CVM under the AXIA Energia
Offer and the start of the AXIA Energia Offer being disclosed pursuant to CVM Resolution 160. The distribution plan to be provided for
in the AXIA Energia Distribution Agreement, pursuant to CVM Resolution 160, must be observed. AXIA Energia&#8217;s Debentures will be
allocated to Professional Investors, pursuant to article 26, item IV, item &quot;a&quot;, of CVM Resolution 160. The participation of
Related Partes (as defined in the AXIA Energia Indenture) in the AXIA Energia Offer will be admitted under the terms provided for in
the AXIA Energia Distribution Agreement. There will be no preference or priority given to the subscription of AXIA Energia&#8217;s Debentures
by current employees, direct or indirect Company shareholders or any third parties in consideration of potential for commercial or strategic
relations at the Company. A liquidity support fund or liquidity guarantee agreement will not be established for AXIA Energia&#8217;s
Debentures. There will be no price stabilization agreement established for AXIA Energia&#8217;s Debentures in the secondary market. <B>(aa)
Deposit for Distribution, trading and financial settlement</B>: AXIA Energia&#8217;s Debentures will be deposited for <B>(i)</B>&nbsp;distribution
in the primary market through the MDA &#8211; Asset Distribution Module managed and operated by B3. Financial settlement for distribution
in such cases will be provided through B3; and <B>(ii)</B>&nbsp;trading, in the secondary market through CETIP21- Securities, managed
and operated by B3, Financial settlement for trading will be provided and AXIA Energia&#8217;s Debentures electronically held in custody
by B3. <B>(bb) Date of Start of Profitability: </B>For all legal intents and purposes, the date of start of profitability will be the
date on which initial payment for AXIA Energia&#8217;s Debentures is provided (&#8220;<U>Date of Start of Profitability</U>&#8221;).
<B>(cc) Risk Rating</B>: A risk rating agency, which will assign a <I>rating</I> to AXIA Energia&#8217;s Debentures, will be contracted
under the AXIA Energia Offer (&#8220;<U>Risk Rating Agency</U>&#8221;), During the term of AXIA Energia&#8217;s Debentures, the Company
shall continue to contract a Risk Rating Agency for the annual updating and maintenance of the AXIA Energia Debentures&#8217; risk <I>rating,</I>
at its expense. <B>(dd)&nbsp;Splitting of AXIA Energia Debentures: </B>Debenture splits will not be permitted pursuant to item IX of
article 59 of the Brazilian Corporations Act. <B>(ee)&nbsp;Additional characteristics:</B> The remaining characteristics of AXIA Energia&#8217;s
Debentures, the AXIA Energia Issue and the AXIA Energia Offer will be described in the AXIA Energia Indenture, AXIA Energia Distribution
Agreement and other documents pertinent to the AXIA Energia Offer and the AXIA Energia Issue; <B>(2)</B> execution of the AXIA Energia
Norte Issue by AXIA Energia Norte,</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">under which debentures will be publicly distributed
and automatic registered. This Issue will be allocated exclusively for Professional Investors, according to the general conditions described
below:</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0 7.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 20%; border: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Issuer</FONT></TD>
    <TD STYLE="width: 80%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">AXIA Energia Norte</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Modality</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Issuance of Debentures, via CVM Resolution 160</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Registration Type</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Automatic Registration</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Target Audience</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Professional Investors</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Volume</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 11pt/110% Arial,sans-serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">$2,000,000,000.00 (two billion reals), as of the date of issuance of AXIA Energia Norte Debentures (&#8220;<U>AXIA Energia Norte Issue&#8217;s Total Value</U>&#8221;).</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Number of AXIA Energia Norte Debentures</FONT></TD>
    <TD STYLE="width: 80%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">2,000,000 (two million) AXIA Energia Norte Debentures will be issued.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Placement System</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Firm underwriting of the AXIA Energia Norte Issue&#8217;s Total Value.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Allocation of Funds</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">The funds raised by AXIA Energia Norte through AXIA Energia Norte Debentures will be used for general business purposes, including liability management.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Series</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Single series.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Validity</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Seven (7) years counted from the date of issuance of AXIA Energia Norte&#8217;s Debentures.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Amortization</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%"><I>Bullet.</I></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Payment of interest</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Semiannual, no grace period.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Remuneration Ceiling</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">DI rate + up to 0.65% p.a., as defined in the <I>bookbuilding</I> procedure to be implemented under the AXIA Energia Norte Offer.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Guarantees</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial,sans-serif; font-weight: bold; text-align: justify; line-height: 110%"><FONT STYLE="font-family: Calibri,sans-serif; line-height: 110%">Personal guarantee provided by the Company.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9.5pt Verdana,sans-serif; margin: 0 7pt 0 39.3pt">&nbsp;</P>

<P STYLE="font: 10pt/110% Verdana,sans-serif; margin: 0; text-align: justify"><B>(3) </B>the granting of a Surety by the Company in an
irrevocable and irreversible manner in the capacity of guarantor and principal payor. The benefits of order, rights and powers of exoneration
provided for in articles 333, sole paragraph, 364, 366, 368, 821, 824, 827,830, 834, 835, 837, 838 and 839 of the Civil Code, and articles
130 and 794 of the Code of Civil Procedure will be expressly waived, and the Company will be responsible for the faithful fulfillment
of all obligations assumed by AXIA Energia Norte within the scope of the AXIA Energia Norte Issue and the AXIA Energia Norte Offer; <B>(4)</B>&nbsp;approval
of the instruments necessary in carrying out the AXIA Energia Issue, the AXIA Energia Norte Issue, the AXIA Energia Offer, the AXIA Energia
Norte Offer and the granting of the Surety, including, but not limited to: <B>(a)</B>&nbsp;the AXIA Energia Indenture and its amendments
to reflect the results of the <I>Bookbuilding</I> Procedure, regardless of any additional resolution issued by this Board of Directors,
as well as other amendments that may be necessary, subject to the limits provided for herein, <B>(b)</B>&nbsp;the AXIA Energia Norte Indenture
and any amendments that may be necessary, subject to the limits set forth herein; <B>(c)</B>&nbsp;to the AXIA Energia Distribution Agreement
and any amendments that may be necessary; and <B>(d)</B>&nbsp;to the AXIA Energia Norte Distribution Agreement and any amendments that
may be necessary; <B><I>(5)</I></B> delegation of powers to the Company's Executive Board, AXIA Energia Norte&#8217;s Executive Board
and/or Company and/or AXIA Energia Norte&#8217;s attorneys-in-fact, depending on the specific case, to perform all acts and execute all
documents necessary in carrying out the AXIA Energia Issuance, the AXIA Energia Norte Issuance, the AXIA Energia Offer and the AXIA Energia
Norte Offer and grant the Surety, including, but</P>

<P STYLE="font: 10pt/110% Verdana,sans-serif; margin: 0; text-align: justify">not limited to, execution of the AXIA Energia and AXIA Energia
Norte Indentures and their respective amendments, AXIA Energia and the AXIA Energia Norte Distribution Agreements. The Company may therefore
negotiate and execute the respective instruments and any amendments (if necessary), either as issuer or as</P>

<P STYLE="font: 10pt/110% Verdana,sans-serif; margin: 0; text-align: justify">guarantor; and <B><I>(6)&nbsp;</I></B>the ratification of
all acts previously carried out by the Executive Board and/or by the Company's attorneys-in-fact, depending on the specific case, to render
the resolutions provided for herein effective, including, but not limited to, the contracting of Coordinators and other service providers
for the purposes of executing the AXIA Energia Offer and the AXIA Energia Norte Offer, such as the Trustee, the Registrar, the Settlement
Agent, the Risk Rating Agency, B3, and legal advisors, among others.</P>

<P STYLE="font: 9.5pt Verdana,sans-serif; margin: 0 7pt 0 39.3pt">&nbsp;</P>


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<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: justify"><U>Deliberative quorum:</U> Unanimity, pursuant to the
proposal from the Executive Board (RES 441, of 11.04.2025) upon a favorable manifestation from the Planning and Projects Committee-CPRO
being registered.</P>

<P STYLE="font: 9.5pt Verdana,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: justify"><B>Closing and drawing up of the certificate of the minutes:
</B>It is recorded that the material relating to the resolutions of this Board of Directors' Meeting is filed at the Company's headquarters.
At the end of the meeting, the Chairman ordered the Governance Secretary to draw up and sign this Certificate,</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: justify">after its reading and approval. The remaining resolutions
were omitted because they deal with exclusively internal matters, protected by the duty of secrecy provided for in art. 155 of the Brazilian
Corporations Act and not classified under &sect; 1 of art. 142 of the same Law. The following members were present: Director and Chair
of the Board of Directors VICENTE FALCONI CAMPOS, ANA SILVIA CORSO MATTE, CARLOS MARCIO FERREIRA, FELIPE VILLELA DIAS, JOS&Eacute; JO&Atilde;O
ABDALLA FILHO, MARISETE F&Aacute;TIMA DADALD PEREIRA, MAUR&Iacute;CIO TIOMNO TOLMASQUIM, NELSON JOS&Eacute; HUBNER MOREIRA, PEDRO BATISTA
DE LIMA FILHO and SILAS RONDEAU CAVALCANTE SILVA.</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: center">Rio de Janeiro, November 13, 2025.</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: center">FERNANDO KHOURY FRANCISCO JUNIOR</P>

<P STYLE="font: 9.5pt/14pt Verdana,sans-serif; margin: 0; text-align: center">Governance Secretary</P>



<P STYLE="font: italic 12pt Verdana,sans-serif; margin-top: 0; margin-bottom: 6pt; letter-spacing: 0.75pt; text-align: center"></P>



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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 13.5pt; text-indent: 24.5pt">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.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 24.5pt">Date: November 14, 2025</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 11pt Verdana, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A. - ELETROBR&Aacute;S</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 87%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Verdana, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">S</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Eduardo Haiama</FONT></P>
<HR SIZE="1" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%"></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Verdana, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Eduardo Haiama</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Vice-President of Finance and Investor Relations</B></P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">This document may contain estimates and projections that are not statements
of past events but reflect our management&rsquo;s beliefs and expectations and may constitute forward-looking statements under Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words &ldquo;believes&rdquo;,
&ldquo;may&rdquo;, &ldquo;can&rdquo;, &ldquo;estimates&rdquo;, &ldquo;continues&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;intends&rdquo;,
&ldquo;expects&rdquo;, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and
uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions
in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity
usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables;
changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans;
existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and
SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these
estimates or projections due to new information or future events. Future results of the Company&rsquo;s operations and initiatives may
differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations
that may not reflect precise results due to rounding.</P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
