EBITDA

EBITDA reached R$ 1,316.7 million in 2008, up 16.6% on 2007. The average growth rate since 2005 is 28.8%..

The EBITDA margin was 84.2%, slightly below that for 2007, and is subject to the reclassification of regulatory charges such as the Fuel Consumption Account (CCC), the Energy Development Account (CDE), the Alternative Electricity Source Incentive Program (PROINFA), Research and Development (P&D), and of general and administrative expenses for deductions from operating revenue.