<SEC-DOCUMENT>0001292814-25-004371.txt : 20251222
<SEC-HEADER>0001292814-25-004371.hdr.sgml : 20251222
<ACCEPTANCE-DATETIME>20251222170605
ACCESSION NUMBER:		0001292814-25-004371
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251231
FILED AS OF DATE:		20251222
DATE AS OF CHANGE:		20251222

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:		251593311

	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>axia20251222_6k.htm
<DESCRIPTION>6-K
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<HR SIZE="3" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<HR SIZE="3" NOSHADE ALIGN="CENTER" STYLE="width: 21%; color: black">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, 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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the month of December, 2025</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Commission File Number 1-34129</B></P>

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

<HR SIZE="3" NOSHADE ALIGN="CENTER" STYLE="width: 21%; color: black">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A. &#8211;
ELETROBR&Aacute;S</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BRAZILIAN ELECTRIC POWER COMPANY</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Av. Gra&ccedil;a Aranha, 26,<BR>
Centro, CEP 20030-900,<BR>
Rio de Janeiro, RJ, Brazil</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 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.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 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 Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Yes _______ No___X____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

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

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="letter-spacing: 0.75pt"><I><IMG SRC="axia202512226k_001.jpg" ALT="">&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Ticker Symbols For Class C Preferred Shares and ADRs</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify">Rio de Janeiro, December 22, 2025 - Centrais
El&eacute;tricas Brasileiras S/A - AXIA Energia, As previously announced, in accordance with the Company&#8217;s Management Proposal,
dated November 27, 2025 (the &#8220;<B>Management Proposal</B>&#8221;), and the Material Fact and Notice to Shareholders, dated, December
8, 2025, the Company plans to create an issue a new class of Class &#8220;C&#8221; preferred shares (the &#8220;<B>Preferred C Shares</B>&#8221;)
and a new class of preferred class C ADSs representing Preferred C Shares, which will be traded under the following trading codes, or
ticker symbols:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-size: 10pt">B3: AXIA7</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">ADRs | NYSE: AXIA PRC</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify">The Company clarifies that, with respect
to the other classes of preferred shares and ADRs currently outstanding, the trading codes will remain unchanged.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify"><B>Certain U.S. Tax Consequences for Company
ADR Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify">As previously announced, in accordance with
the Company&#8217;s Management Proposal, dated November 27, 2025, and subject to the approval of its shareholders, the Company intends
to implement the following transactions (the &#8220;<B>Transactions</B>&#8221;):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">I.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the creation of a new series of Preferred Class B1 ADSs that will be exchanged
for existing Preferred ADSs (the &#8220;<B>Preferred B1 ADS Exchange</B>&#8221;);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">II.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the creation of the Preferred C Shares followed by a pro rata distribution
of (i) Preferred C Shares to all existing holders of Company common, Class and Class B shares (the &#8220;<B>Preferred C Share Distribution</B>&#8221;)
and (ii) by Citibank, N.A. of newly-created preferred class C ADSs representing Preferred C Shares to current holders of Company ADSs
(the &#8220;<B>Preferred C ADS Distribution</B>&#8221;);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">III.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">following the Preferred C Share Distribution, (i) the transfer of fractional
Preferred C Shares by holders thereof in order to create whole Preferred C Shares between December 26, 2025, inclusive, and January 25,
2026, inclusive; and (ii) the subsequent sale of any fractional Preferred C Shares that could not be fully allocated during such period,
with the proceeds from such sale distributed proportionally among the holders of fractional Preferred C Shares (the &#8220;<B>Preferred
C Auction</B>&#8221;);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">IV.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the receipt of cash by Preferred C ADS holders for any fractional Preferred
C ADSs to which such holders would otherwise be entitled, in the same proportional amount received by holders of fractional Preferred
C Shares following the Preferred C Auction;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">V.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the creation of a new class of preferred shares designated &#8216;Redeemable
Preferred Shares&#8217;, which will be distributed in connection with the Preferred B Share (the &#8220;<B>PNR Share Distribution</B>&#8221;)
to existing Preferred ADR holders and redeemed immediately following the distribution thereof by the Company for cash (the &#8220;<B>PNR
Share Redemption</B>&#8221;); and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">VI.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the distribution of the PNR Share Redemption amounts to holders of existing
Preferred ADRs (the &#8220;<B>PNR Redemption Distribution</B>&#8221;).&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 12pt; text-align: justify">In connection with the Transactions, certain
holders of Company ADRs may be subject to certain U.S. tax consequences, as follows.</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><B>United States Federal
Income Taxation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">The following discussion describes the material
United States federal income tax consequences of the Preferred B1 ADS exchange, the PNR Share Distribution, the PNR Share Redemption,
the PNR Redemption Distribution, the Preferred C ADS Distribution and the Preferred C Auction. This discussion applies only to beneficial
owners of Company ADSs that are &#8220;U.S. Holders,&#8221; as defined below. This discussion is based on the U.S. Internal Revenue Code
of 1986, as amended (the &#8220;<B>Code</B>&#8221;), its legislative history, existing final, temporary and proposed Treasury Regulations,
administrative pronouncements by the United States Internal Revenue Service (the &#8220;<B>IRS</B>&#8221;), and judicial decisions, all
as currently in effect and all of which are subject to change (possibly on a retroactive basis) and to different interpretations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">This discussion does not
purport to address all United States federal income tax consequences that may be relevant to a particular holder and U.S. Holders are
urged to consult their own tax advisors regarding their specific tax situation. This discussion does not address any aspect of U.S. federal
taxation other than U.S. federal income taxation (such as the estate and gift tax or the Medicare tax on net investment income). The discussion
applies only to U.S. Holders who hold our ADSs as&nbsp;&#8220;capital assets&#8221;&nbsp;(generally, property held for investment) under
the Code and does not address the tax consequences that may be relevant to U.S. Holders in special tax situations including, for example:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">financial institutions or insurance companies;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">tax-exempt organizations;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">broker-dealers; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">traders in securities that elect mark to market;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">real estate investment trusts, regulated investment companies, partnership
or grantor trusts;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">investors whose functional currency is not the United States dollar;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">United Staes expatriates;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Holders that hold our ADSs as part of a hedge, straddle, or conversion transaction;
or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Holders that own, directly, indirectly, or constructively, 10% or more of
the total combined voting power or value, if any, of our shares or ADSs.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Except where specifically described below, this
discussion assumes that we are not a passive foreign investment company (as defined below) for United States federal income tax purposes.
Please see the discussion in &#8220;<I>Passive Foreign Investment Company Rules</I>&#8221; below. Further, this discussion does not address
the alternative minimum tax consequences of holding our ADSs or the indirect consequences to holders of equity interests in partnerships
or other entities that own our ADSs. In addition, this discussion does not address the state, local and non-U.S. tax consequences of holding
our ADSs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">In general, for U.S. federal
income tax purposes, a beneficial owner of ADSs generally will be treated as the owner of the shares represented by such ADSs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">U.S. Holders should consult
their own tax advisors regarding the United States federal, state, local and non-U.S. income and other tax consequences of the Preferred
B1 ADS exchange, the PNR Share Distribution, the PNR Share Redemption, the PNR Redemption Distribution, the Preferred C ADS Distribution
and the Preferred C Auction in their particular circumstances.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">As used herein, a &#8220;U.S.
Holder&#8221; is a person that, for U.S. federal income tax purposes, is a beneficial owner of our ADSs and is:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">An individual who is a citizen or resident of the United States;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">A corporation, or any other entity taxable as a corporation, created or
organized in or under the laws of the United States, any state thereof, or the District of Columbia;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">An estate the income of which is subject to United States federal income
tax regardless of its source; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">A trust if a court within the United States is able to exercise primary
supervision over its administration and one or more United States persons have the authority to control all substantial decisions of the
trust.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If a partnership holds ADSs, the tax treatment
of a partner will generally depend upon the status of the partner and upon the activities of the partnership. A partner of a partnership
holding our ADSs should consult its own tax advisor regarding the specific tax consequences of the Preferred B1 ADS exchange, the PNR
Share Distribution, the PNR Share Redemption, the PNR Redemption Distribution, the Preferred C ADS Distribution and the Preferred C Auction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Preferred B1 ADS Exchange</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Preferred B1 ADS Exchange is intended to
qualify as a tax free event for U.S. federal income tax purposes. Assuming the Preferred B1 ADS Exchange is properly treated as a tax
free event for U.S. federal income tax purposes, a U.S. Holder generally should not recognize gain or loss upon the Preferred B1 ADS Exchange.
A U.S. Holder&#8217;s aggregate adjusted tax basis in the Preferred Class B1 ADSs received pursuant to the Preferred B1 ADS Exchange should
equal the aggregate adjusted tax basis of the Preferred ADSs exchanged. In addition, each U.S. Holder&#8217;s holding period for the shares
of Preferred Class B1 ADSs should include the U.S. Holder&#8217;s holding period for the Preferred ADSs exchanged in the Preferred B1
ADS Exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>PNR Share Distribution, PNR Share Redemption,
and PNR Redemption Distribution </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company intends to treat the PNR Share
Distribution, PNR Share Redemption, and PNR Redemption Distribution together, for U.S. federal income tax purposes, as a single distribution
in an amount equal to the cash distributed pursuant to the PNR Redemption Distribution. The cash distributed pursuant to the PNR Redemption
Distribution, before reduction for any Brazilian taxes withheld therefrom, will be includible in a U.S. Holder&#8217;s income as dividend
income to the extent such distributions are paid out of the Company&#8217;s current or accumulated earnings and profits as determined
under U.S federal income tax principles. The Company, however, does not expect to maintain calculations of its earnings and profits in
accordance with the U.S. federal income tax accounting principles. A U.S. Holder should, therefore, expect that the cash distributed pursuant
to the PNR Redemption Distribution will be treated as a dividend. The cash distributed pursuant to the PNR Redemption Distribution will
not be eligible for the dividends received deduction generally allowed to corporate U.S. Holders. Subject to applicable limitations, including
holding period limitations, the cash distributed pursuant to the PNR Redemption Distribution to non-corporate U.S. Holders of Preferred
ADSs should be taxable at preferential rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">If the cash distributed pursuant
to the PNR Redemption Distribution is in Brazilian <I>reais</I>, such dividend will be included in a U.S. Holder&#8217;s gross income
in an amount equal to the U.S. dollar value of Brazilian <I>reais</I> on the date of receipt by the Depositary, regardless of whether
or when the payment is in fact converted into U.S. dollars. If the cash distributed pursuant to the PNR Redemption Distribution is converted
into U.S. dollars on the date of receipt, a U.S. Holder generally should not be required to recognize foreign currency gain or loss in
respect of the dividend income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Dividend income resulting from
the cash distributed to a U.S. Holder pursuant to the PNR Redemption Distribution should be treated as foreign source income, which may
be relevant in calculating a U.S. Holder&#8217;s foreign tax credit limitation. Subject to certain conditions and limitations, Brazilian
tax withheld on the PNR Redemption Distribution may be credited against a U.S. Holder&#8217;s U.S. federal income tax liability. Instead
of claiming a credit, a U.S. Holder may, at the U.S. Holder&#8217;s election, deduct such otherwise creditable Brazilian taxes in computing
the U.S. Holder&#8217;s taxable income, subject to generally applicable limitations under U.S. law. The rules relating to foreign tax
credits and deductions are very complex, and recent changes to the foreign tax credit rules introduced additional requirements and limitations
(though the application of some of these changes has been deferred pending further guidance). Therefore, U.S. Holders should consult
their own tax advisors regarding the applicability of these rules in their particular circumstances.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><I>Preferred C ADS Distribution</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">The Company intends to treat
the Preferred C ADS Distribution, for U.S. federal income tax purposes, as a distribution in an amount equal to the fair market value
of the Preferred Class C ADSs at the time of such distribution. The fair market value of the Preferred Class C ADSs, before reduction
for any Brazilian taxes withheld therefrom, will be includible in a U.S. Holder&#8217;s income as dividend income to the extent such distributions
are paid out of the Company&#8217;s current or accumulated earnings and profits as determined under U.S. federal income tax principles.
The Company, however, does not expect to maintain calculations of our earnings and profits in accordance with the U.S. federal income
tax accounting principles. A U.S. Holder should, therefore, expect that the Preferred C ADS Distribution will be treated as a dividend.
The Preferred C ADS Distribution will not be eligible for the dividends received deduction generally allowed to corporate U.S. Holders.
Subject to applicable limitations, including holding period limitations, the Preferred C ADS Distribution to non-corporate U.S. Holders
of ADSs should be taxable at preferential rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">A U.S. Holder&#8217;s initial
tax basis in a Preferred Class C ADS received pursuant to the Preferred C ADS Distribution will be equal to the fair market value of such
Preferred Class C ADS as determined for U.S. federal income tax purposes. A U.S. Holder&#8217;s holding period for a Preferred Class C
ADS will begin the day following the Preferred C ADS Distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Dividend income resulting from
the Preferred C ADS Distribution paid to a U.S. Holder should be treated as foreign source income, which may be relevant in calculating
a U.S. Holder&#8217;s foreign tax credit limitation. Subject to certain conditions and limitations, Brazilian tax withheld on the Preferred
C ADS Distribution may be credited against a U.S. Holder&#8217;s U.S. federal income tax liability. Instead of claiming a credit, a U.S.
Holder may, at the U.S. Holder&#8217;s election, deduct such otherwise creditable Brazilian taxes in computing the U.S. Holder&#8217;s
taxable income, subject to generally applicable limitations under U.S. law. The rules relating to foreign tax credits and deductions are
very complex, and recent changes to the foreign tax credit rules introduced additional requirements and limitations (though the application
of some of these changes has been deferred pending further guidance). Therefore, U.S. Holders should consult their own tax advisors regarding
the applicability of these rules in their particular circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0"><I>Preferred C Auction</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">A U.S. Holder generally should
recognize capital gain or loss upon the receipt of any cash pursuant to the Preferred C Auction measured by the difference between the
U.S. dollar value of the amount realized and the U.S. Holder&#8217;s adjusted tax basis in the fractional Preferred C Shares underlying
the fractional Preferred C ADSs. Any gain or loss should be short-term capital gain or loss. The deductibility of capital losses is subject
to certain limitations under the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">If Brazilian tax is withheld
on the cash paid pursuant to the Preferred C Auction, the amount realized by a U.S. Holder will include the gross amount of cash paid
pursuant to the Preferred C Auction before deduction of the Brazilian tax. Capital gain or loss, if any, realized by a U.S. Holder on
the receipt of any cash pursuant to the Preferred C Auction generally will be treated as United States source income or loss for United
States foreign tax credit purposes. If the cash paid pursuant to the Preferred C Auction is subject to Brazilian tax imposed on the gain
the U.S. Holder is likely not to be able to claim a foreign tax credit for that Brazilian tax. The U.S. foreign tax credit rules are complex
and recent changes to the foreign tax credit rules introduced additional requirements and limitations. U.S. Holders should consult their
own advisors with respect to the application of these rules to their particular circumstances, including whether they can take a deduction
in lieu of claiming a foreign tax credit.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><I>Passive Foreign Investment
Company Rules</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">In general, a non-U.S. corporation
is a passive foreign investment company (&#8220;<B>PFIC</B>&#8221;) with respect to a U.S. Holder if, for any taxable year in which the
U.S. Holder holds stock in the non-U.S. corporation, at least 75% of its gross income is passive income or at least 50% of the value of
its assets (determined on the basis of a quarterly average) produce passive income or are held for the production of passive income. For
this purpose, passive income generally includes, among other things, dividends, interest, rents, royalties and gains from the disposition
of investment assets (subject to various exceptions). Based upon the nature of our current and projected income, assets and activities,
we do not expect the ADSs to be shares of a PFIC for United States federal income tax purposes. However, the determination of whether
the ADSs constitute shares of a PFIC is a factual determination made annually and thus may be subject to change. Because these determinations
are based on the nature of our income and assets from time to time, as well as certain items that are not directly in our control, such
as the value of the shares or ADSs, and involve the application of complex tax rules the application of which to our business is not always
entirely clear, no assurances can be provided that we will not be considered a PFIC for the current or any past or future tax year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">If we are treated as a PFIC
for any taxable year during which a U.S. Holder holds our ADSs, various adverse consequences could apply to the U.S Holder. Neither gains
nor dividends would be subject to the reduced tax rates discussed above that are applicable in certain situations. Rather, gain recognized
by a U.S. Holder on a sale or other disposition of the ADSs would be allocated ratably over the U.S. Holder&#8217;s holding period for
the ADSs. The amounts allocated to the taxable year of the sale or disposition and to any year before we became a PFIC would be taxed
as ordinary income. The amount allocated to each other taxable year would be subject to tax at the highest rate in effect for individuals
or corporations, as appropriate, and an interest charge would be imposed on such tax as if it had not been paid from the original due
date for a U.S. Holder&#8217;s tax return for such year. Further, any distribution in respect of the ADSs in excess of 125% of the average
of the annual distributions on the ADSs received by a U.S. Holder during the preceding three years or, if shorter, a U.S. Holder&#8217;s
holding period would be subject to taxation as described above. Certain elections may be available (including a mark to market election)
to U.S. persons that may mitigate the adverse consequences resulting from PFIC status. In any case, a U.S. Holder would be subject to
additional U.S. tax form filing requirements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><I>Backup Withholding and
Information Reporting</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">In general, dividends pursuant
to the PNR Share Distribution, the PNR Share Redemption, the PNR Redemption Distribution and the Preferred C ADS Distribution paid within
the United States or through certain United States-related financial intermediaries to a U.S. Holder are subject to information reporting
and may be subject to backup withholding unless the holder: (i) establishes, if required to do so, that it is an exempt recipient; or
(ii) in the case of backup withholding, provides an accurate taxpayer identification number and certifies that it is a U.S. person and
has not lost its exemption from backup withholding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">A U.S. Holder can credit
amounts withheld under these rules against the U.S. Holder&#8217;s United States federal income tax liability, or obtain a refund of such
amounts that exceed the U.S. Holder United States federal income tax liability, provided that the required information is furnished to
the IRS.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">U.S. Holders should consult
their own tax advisors concerning any U.S. reporting requirements that may arise out of their ownership or disposition of ADSs in light
of their particular circumstances. The penalty for failing to comply with reporting requirements can be significant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><I>Specified Foreign Financial
Assets</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">Certain U.S. Holders that
own &#8220;specified foreign financial assets&#8221; with an aggregate value in excess of U.S.$50,000 are generally required to file
an information statement along with their tax returns, currently on Form 8938, with respect to such assets. &#8220;Specified foreign
financial assets&#8221; include any financial accounts held at a non-U.S. financial institution, as well as securities issued by a non-U.S.
issuer (which would include the ADSs) that are not held in accounts maintained by financial institutions. Higher reporting thresholds
apply to certain individuals living abroad and to certain married individuals. Regulations extend this reporting requirement to certain
entities that are treated as formed or availed of to hold direct or indirect interests in specified foreign financial assets based on
certain objective criteria. U.S. Holders who fail to report the required information could be subject to substantial penalties. U.S.
Holders should consult their own tax advisors concerning the application of these rules to their particular circumstances.&#9;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This press release should be read together with the
Company&#8217;s Management Proposal dated November 27, 2025. The Company will provide additional information regarding implementation
logistics as appropriate, including any relevant dates to be communicated by the Depositary<FONT STYLE="letter-spacing: 0.75pt"><B>.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><FONT STYLE="letter-spacing: 0.75pt">Eduardo
Haiama</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><FONT STYLE="letter-spacing: 0.75pt">Vice-President
Financial and Investor Relations&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="letter-spacing: 0.75pt"><I>&nbsp;<IMG SRC="axia202512226k_002.jpg" ALT="">&nbsp;</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
  <TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;<B>SIGNATURE</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, 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: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">Date: December 22, 2025</P>

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  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A. &#8211; AXIA Energia</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">/S/ Eduardo Haiama</P>


<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 100%; color: black"></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Eduardo Haiama</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Vice-President of Finance and Investor Relations</B></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This document may contain
estimates and projections that are not statements of past events but reflect our management&#8217;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 &#8220;believes&#8221;, &#8220;may&#8221;, &#8220;can&#8221;, &#8220;estimates&#8221;, &#8220;continues&#8221;,
&#8220;anticipates&#8221;, &#8220;intends&#8221;, &#8220;expects&#8221;, 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: the risks
that the Transactions, or any portion of the Transactions, may not be consummated in a timely manner, or at all; the risk that the Transaction
may not provide the anticipated benefits to the Company or its shareholders, or any benefits at all; 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 <I>Comiss&atilde;o de Valores Mobili&aacute;rios</I> and U.S. Securities and Exchange Commission. 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&#8217;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
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</DOCUMENT>
</SEC-DOCUMENT>
