<SEC-DOCUMENT>0001292814-25-004339.txt : 20251219
<SEC-HEADER>0001292814-25-004339.hdr.sgml : 20251219
<ACCEPTANCE-DATETIME>20251219161827
ACCESSION NUMBER:		0001292814-25-004339
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251219
DATE AS OF CHANGE:		20251219

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:		251587795

	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>axia20251219_6k.htm
<DESCRIPTION>6-K
<TEXT>
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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 December, 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"><IMG SRC="axia202512196k_001.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 49.6pt 0 28.35pt"><B>Full approval of the matters at the EGM</B></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 49.6pt 0 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">Rio de Janeiro, December
19, 2025, Centrais El&eacute;tricas Brasileiras S/A - AXIA Energia (&ldquo;Company&rdquo; or &ldquo;AXIA Energia&rdquo;), further to the
material fact disclosed on November 27, 2025, and to the material fact and notice to shareholders disclosed on December 8, 2025, hereby
informs that all matters submitted to the Extraordinary General Meeting held on this date were approved, among which we highlight:</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
creation of class C preferred shares (PNCs);</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
conversion of each class A preferred share (PNA) and class B preferred share (PNB) into a class A1 preferred share (PNA1) and a class
B1 preferred share (PNB1), respectively, and one class R preferred share (PNR);</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
respective adjustments to the Company&rsquo;s Bylaws; and</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
mandatory redemption of all PNR shares.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">Accordingly, the capitalization
of R$30,000,000,024.48 of the Company&rsquo;s profit reserves, through the issuance of 606,796,117 PNC shares as a bonus issue, and the
redemption price of R$1.2994705188032 per redeemed PNR share, as resolved by the Board of Directors at a meeting held on December 8, 2025,
have become effectives.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">Below we highlight the main
relevant information regarding the Bonus Issue:</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>PNC distribution ratio
to shareholders</B>: 0.2628378881074 PNC share for each common share, PNA share, or PNB share (including shares held in treasury);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Record Date on B3</B>:
December 19, 2025;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Ex-Date on B3</B>: December
22, 2025;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Start date of trading
of PNC shares on B3</B>: December 22, 2025;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>ADR Record Date and
Ex-Date on the NYSE</B>: December 22, 2025;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Delivery date of PNC
shares to custody accounts on B3</B>: December 26, 2025;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Delivery date of ADRs
backed by PNC shares on the NYSE</B>: December 29, 2025;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Trading ticker of PNC
shares on B3</B>: AXIA7;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Verdana, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.75pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 49.6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Trading ticker of ADRs
backed by PNC shares on the NYSE</B>: AXIA PRC;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">We emphasize that the tickers
of the PNA1 and PNB1 shares will remain as AXIA5 and AXIA6, respectively</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">For further information
about the Meeting, please refer to the documents made available on the Company&rsquo;s and the CVM&rsquo;s websites.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0.05pt 49.6pt 0 28.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 49.6pt 0 14.2pt; text-align: center; text-indent: 21.25pt">Eduardo Haiama</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 49.6pt 0 14.2pt; text-align: center; text-indent: 21.25pt"><B>Vice-president
Financial and Investor Relations</B></P>



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

<P STYLE="font: italic 12pt Verdana,sans-serif; margin-top: 0; margin-bottom: 6pt; letter-spacing: 0.75pt; text-align: center">&nbsp;<IMG SRC="axia202512196k_002.jpg" ALT=""></P>

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

<P STYLE="font: 5pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0.9pt 0 1pt; text-align: justify"></P>

<P STYLE="font: 5pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0.9pt 0 1pt; text-align: justify"></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: December 19, 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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