Transmitting electricity with quality and efficiency. This is CTEEP (Companhia de Transmissão de Energia Elétrica Paulista) business, the leading private concessionaire of the electricity transmission sector in Brazil. [GRI 2.1]
Some 30% of the electricity produced in Brazil and 60% consumed in the Country´s Southeast is sent through its network – made up of 12,316 km of transmission lines, 18,794 km of circuits, 2,488 km of fiber optic cables and 105 substations with tension up to 550 kV, equivalent to almost 100% of the consumption in the state of São Paulo. CTEEP´s main customers are other concessionaires of public utility supplying electric energy.[GRI 2.2, 2.3, 2.7, 2.8]
With an installed capacity of 43.973 MVA (Mega Volt Ampere), CTEEP is headquartered in São Paulo and with own assets, and through its subsidiaries it has footprint in 12 Brazilian states: Rio Grande do Sul, Santa Catarina, Paraná, São Paulo, Minas Gerais, Rondônia, Mato Grosso, Mato Grosso do Sul, Goiás, Tocantins, Maranhão and Piauí. [GRI 2.3, 2.4, 2.5]
In 2010, it exercised its right of first refusal to purchase the remaining 40% equity interest in the Interligação Elétrica de Minas Gerais (IEMG), holding 100% of the subsidiary control. CTEEP equity interest in other subsidiaries established to render electricity transmission public utility service is: 100% in Pinheiros (Interligação Elétrica Pinheiros) and in Serra do Japi (Interligação Elétrica Serra do Japi), 50% in IESul (Interligação Elétrica Sul), 51% in IEMadeira (Interligação Elétrica Madeira) and 25% on IENNE (Interligação Elétrica Norte e Nordeste). [GRI 2.3, 2.6, 2.8, 2.9]
Controlled by one of the largest electricity transmission groups in Latin America – Grupo Empresarial ISA, which holds 89.40% of its common stock, CTEEP was the first electricity transmission company in the state of São Paulo to adhere to Level 1 of Bovespa´s Corporative Governance. Among its investors is Eletrobras, the largest Brazilian energy group, the Government of the State of São Paulo and 61 thousand individual and corporate stockholders. With common stock listed on Bovespa, the Company has an American Depositary Receipts (ADRs) Program under Rule 144 A in the United States. In 2010, a net operating income was recorded at the amount of R$ 2.3 billion and net earnings at the amount of R$ 812.2 million. [GRI 2.6]
The concept of corporate social responsibility is aligned with growth strategic objectives of CTEEP that is committed to several groups of interest: employees, customers, stockholders and investors, state and society.
Mission [GRI 4.8]
To expand, operate and maintain electric energy transmission systems, with excellence in service supply,customers satisfaction, environmental sustainability, proper return to stockholders and contribution to the economic and social development of the community.
Vision [GRI 4.8]
In 2016, CTEEP will be the leading non-state owned company in the electricity transmission sector in Brazil, with a revenue of R$ 3.5 billion, 25% of which originating from operations conducted outside the state of São Paulo.
Values [GRI 4.8]
ETHICS
To be coherent between speech and action, developing transparent attitudes and actions, essential to building up life-lasting relationships with other interested parties.
SOCIAL RESPONSIBILITY
To continuously strive for sustainable development by meeting the commitments set with our groups of interests.
INNOVATION
To create and incorporate new practices and improvements that contribute to achieving the organization targets.
EXCELLENCE
To assure quality standards in the entire organization with the intent to being recognized by the market and adding value to the business.
