Economic and Financial Performance
In the year, EBITDA and EBITDA margin
were higher than those recorded in 2011.

Within an economic environment of 0.9% growth in the Brazilian GDP in 2012, the domestic electric power consumption rose by 3.5% year-over-year, to an overall volume of 448,293 gigawatt-hours.

Power consumption by the industry sector, the largest weight one, remained virtually flat in relation to 2011, whereas in the commerce sector, power consumption grew by 7.9% and by 5.0% in the residential segment year-over-year.

As a consequence of a competent management, committed to its shareholders, in 2012, CTEEP`s results remained stable in relation to the previous year, notwithstanding the market framework was rather challenging. In 2012, EBITDA and EBITDA margin exceeded the 2011 figures by 1.2% and 2.1 percentage points respectively. Furthermore, CTEEP`s remuneration to shareholders amounted to R$ 275.3 million in FY 2012.