6-K 1 elppr2q24_6k.htm 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of August, 2024

Commission File Number 1-14668

 


 

COMPANHIA PARANAENSE DE ENERGIA

(Exact name of registrant as specified in its charter)

 

Energy Company of Paraná

(Translation of Registrant's name into English)

 

José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F ___X___ Form 40-F _______

 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.  

Yes _______ No ___X____

 

 
 

 

 

 
 

 

 
 

List of contents

1. Consolidated    Results 2
1.1 EBITDA 2
1.2 Operating Revenue 3
1.3 Operating Costs and Expenses 3
1.4 Equity in Earnings of Subsidiaries 5
1.5 Financial Result 5
1.6 Consolidated Net Income 5
1.7 Debt 6
2. Investments 7
3. Copel Geração e Transmissão 9
3.1.1 IFRS Effect on the Transmission Segment 10
3.2 Operacional Performance 10
3.2.1 Generation 11
3.2.2 Hydro and Wind Generation 11
3.2.3 Thermal Generation 12
3.3 Transmission 12
3.3.1 RBSE Reprofiling 12
4. Copel Distribuição 13
4.1 Financial Performance 13
4.1.1 Regulatory Efficiency 14

 

4.2 Operacional Performance 15
4.2.1 Grid Market (TUSD) 15
4.2.2 Captive Market 15
4.2.3 Operational Data 15
5. Copel Comercialização 17
5.1 Financial Performance 17
5.2 Operacional Performance 18
6. Performance ESG 19
6.1 Copel pioneers in ESG in the sector 19
6.2 Recent Highlights 20
6.3 Indicators 20
6.4 Ratings, Rankings, and Indexes 21
7. Other highlights 22
Exhibit 29
   

RESULTS | 2Q24

1

 
 

 

1. Consolidated Results

 

The following analyses refer to the second quarter of 2024 and the accumulated half-year, compared to the same period in 2023.

1.1 EBITDA

Copel's adjusted EBITDA[1] was R$1,280.3 million in 2Q24, 5.7% higher than the R$1,211.8 million in 2Q23, mainly reflecting the 31.6% growth in Copel Distribuição's EBITDA.

Thus, the main factors explaining the result in the quarter are: (i) the 6.2% growth in the billed grid market, as a result of higher average temperatures in the period; (ii) the tariff adjustment in June 2023, with an average effect of 6.32% on Tariffs for the Use of the Distribution System (TUSD); and (iii) the control of manageable costs, which varied by only 0.5% vs. 2Q23, compared to inflation of 3.7% in the same period.

These events were partially offset by (i) the reduction in the average energy price of Copel GeT's portfolio (R$175.71 compared to R$187.13 in 2Q23, a variation of -6.1%); and (ii) the lower performance of wind farm complexes due to generation deviation due to the effect of wind volume below certification and unavailability of the generating park resulting from maintenance, causing revenue frustration of R$ 27.1 million (-192% y/y).

 


[1] Excluding non-recurring items, new replacement value (NRV) due to the adjustment to present value of the compensable asset of Copel Distribuição, and effects of IFRS on assets of transmission contracts.

 

 

Adjusted Consolidated EBITDA

Note. Considers discontinued operations

 

The non-recurring items that were neutralized for the calculation of adjusted EBITDA are shown in the following table:

Considering the accumulated result for the semester, adjusted EBITDA reached R$2,610.0 million, 0.8% lower than the R$2,630.5 million recorded in 1H23, justified mainly by (i) lower performance of Copel GeT, due to the lower average energy price and the increase in generation deviation from wind farm complexes; and (ii) reduction in Copel Comercialização's energy marketing margins in the half-year comparison due to the 19.5% lower average energy price; partially offset by the good operational performance of Copel Dis.

   

RESULTS | 2Q24

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In the context of transmission assets, item 3.1.1 presents the regulatory accounting of the result for the purpose of verifying the IFRS (International Financial Reporting Standards) effect.

1.2 Operating Revenue

Net operating revenue totaled R$5,479.3 million in 2Q24, up 7.4% from R$5,100.2 million in 2Q23. This result is mainly a reflection of:

(i)the R$318.7 million (+23.6%) increase in revenue from Use of the main distribution and transmission grid, mainly due to the 6.2% growth in Copel Distribuição's billed grid market and the June 2023 tariff adjustment of Copel Distribuição, with an average effect of 6.32% on tariffs for the use of the distribution system (TUSD);
(ii)the increase of R$253.9 million (+13.9%) in revenue from electricity sales to final customers, mainly due to the 5.3% growth in the billed captive market and the tariff adjustment applied to the distributor's Energy Tariff (TE) component in June 2023, with an average effect of 17.4%; and
(iii)(iii) the increase of R$73.2 million (+12.2%) in construction revenue, due to the increase in the volume of works related to Copel Distribuição's “Transformation” program (see item 2), which includes investments aimed at improving and modernizing infrastructure and improving customer service.

These increases were partially offset by (i) the reduction of R$162.3 million in the result of sectorial financial assets and liabilities (CVA), due to lower energy costs and other financial components of Copel Distribuição; and (ii) the decrease of R$120.8 million in revenue from electricity sales to distributors, basically a consequence of the lower average price in the sale of energy (R$175.71 compared to R$187.13 in 2Q23) at Copel GeT.

 

 

 

 

 

In the first half of the year, net operating revenue totaled R$10,896.3 million, an increase of 5.1% compared to the R$10,367.8 million recorded in the same period of 2023, with highlights for the following variations: (i) an increase of R$627.8 million (+22.1%) in revenue from “Use of the main distribution and transmission grid”; (ii) an increase of R$555.2 million (+14.9%) in “electricity sales to final customers”; (iii) an increase of R$118.5 million (+10.5%) in construction revenue; (iv) a decrease of R$461.0 million (-76.0%) in the item “result of sectorial financial assets and liabilities”; and (v) a decrease of R$273.3 million (-15.7%) in revenue from “electricity sales to distributors”.

1.3 Operating Costs and Expenses

In 2Q24, operating costs and expenses totaled R$4,611.6 million, an increase of 7.1% compared to the R$4,307.1 million recorded in 2Q23, mainly due to:

(i)the growth of R$135.3 million in electricity purchased for resale (+7.2%) basically due to the increase of 52.8% (+R$132.0 million) in energy from the distributed generation system; and
(ii)the increase of R$83.1 million (+12.3%) in charge of the main distribution and transmission grid, justified mainly by the increase in energy consumption in the period.
   

RESULTS | 2Q24

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Within the scope of manageable costs, the PMSO, excluding provisions and reversals, remained practically stable compared to last year, with growth of 0.5%. Third-party service costs increased by R$23.7 million (+10.3%), primarily due to higher maintenance costs at the distributor; partially offset by a R$17.3 million (-13.7%) reduction in other operating costs and expenses, primarily due to (a) lower losses related to the deactivation and sale of assets and (b) lower insurance expenses in the amount of R$4.1 million. Personnel and management costs decreased by R$5.0 million (-1.7%) due to the reduction of 258 employees in the workforce.

Neutralizing the effects of provisions related to the performance bonus (PPD), profit sharing (PLR) and voluntary dismissal program (PDV), there was a reduction of 0.7% in the quarterly comparison. Considering the accumulated inflation of 3.7% measured by the National Consumer Price Index (INPC), there was a decrease in real terms of 4.2%.

 

Evolution of the establishment plan

Breakdown of Costs and Expenses

In the first six months, total operating costs and expenses reached R$9,075.1 million, 6.9% higher than the R$8,487.2 million recorded in the same period in 2023. The main variations were: (i) an increase of R$287.8 million in electricity purchased for resale, mainly due to the 62.3% increase (+R$310.7 million) in financial compensation for electricity from distributed generation systems; (ii) the increase of R$154.7 million in charge of the main distribution and transmission grid due to the increase in energy consumption; and (iii) due to the higher amount of provisions, of R$96.0 million, mainly due to the increase in estimated losses for doubtful debts (PECLD) in the distributor, given the result of the recovery of invoices due to the end of the collection restrictions imposed on the distributor due to the COVID-19 pandemic in 1H23. These events were partially offset, especially, by reductions of R$123.9 million in personnel and management, due to the non-recurring effect of the compensation paid in January 2023 in the amount of R$138.2 million referring to the additional third of vacation bonus, after a collective agreement signed with employees.

   

RESULTS | 2Q24

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1.4 Equity in Earnings of Subsidiaries

The equity income of Copel's jointly controlled ventures and other affiliates in 2Q24 increased by 10.7% compared to the same period of the previous year (R$80.5 million, compared to R$72.7 million in 2Q23). This result is basically due to the periodic tariff review applied to transmission agreements and higher inflation (IPCA) in 2Q24 (1.05% compared to 0.76% in 2Q23). More details can be seen in Exhibit I.

1.5 Financial Result

The financial result was negative by R$289.7 million, compared to negative R$247.2 million recorded in 2Q23, mainly reflecting (i) the increase of R$55.1 million in expenses with monetary variation and adjustment to present value on accounts payable linked to the concession, which refers to the balances arising from payments for the concessions of the Mauá, Colíder, Baixo Iguaçu, Guaricana, Fundão and Santa Clara HPPs, mostly adjusted by the IPCA + discount rate; (ii) the higher expense (+R$21.4 million) with exchange rate variation on the purchase of electricity from Itaipu, due to the appreciation of the dollar; and (iii) the increase of R$21.0 million in PIS/Pasep and Cofins on interest on equity (JCP), referring to the payment of JCP from Copel GeT to Holding, with the payment in 2023 occurring at the end of the year. These events were partially offset by the R$68.9 million increase in income from financial investments, due to the greater volume of available resources.

In the year to June 2024, the financial result was negative by R$557.9 million (R$576.5 million up to June 2023). The result is mainly due to the increase in expenses with monetary variation and adjustment to present value on accounts payable linked to the concession (UBP) and the higher monetary update of litigation, partially offset by the growth in income from financial investments.

1.6 Consolidated Net Income

Copel reported net income of R$473.6 million compared to R$307.7 million in 2Q23, an increase of 53.9%. In addition to the items already mentioned, the difference is also explained by the impairment of R$150.4 million in 2Q23 related to UEGA. Of note is the increase of R$26.4 million in the item “Income Tax and Social Contribution” and the increase of R$8.1 million in the item “depreciation and amortization”.

Considering the accumulated total for the semester, the net income recorded from discontinued operations was R$1,007.1 million compared to R$943.2 million recorded in the same period of 2023, an increase of 6.8%.

   

RESULTS | 2Q24

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1.7 Debt

Copel's total consolidated debt, considering the result of continued operations, amounts to R$16,604.9 million on June 30, 2024, a variation of 11.0% in relation to the amount recorded on December 31, 2023, of R$14,962.3 million. Gross debt represents 63.3% of consolidated equity, which is R$25,033.7 million. Considering adjusted net debt, the percentage corresponds to 35.5% of equity.

The following table and graphs show the indebtedness of Copel and its subsidiaries at the end of the second quarter of 2024.

Debt by Subsidiary

1 The Company has available the amount of approximately R$ 2.0 billion related to funding in the Primary Share Offering to be allocated to the payment of the Grant Bonus for renewing the concessions of the FDA, Segredo and Salto Caxias plants.

2 Considered Copel Geração e Transmissão S.A. (Parent Company).

3 Includes Copel Serviços, wind farms (Brisa Potiguar, Cutia, Jandaíra, Vilas, Aventura and SRMN) and transmission companies (Costa Oeste and Marumbi).

 

Adjusted Net Debt/Adjusted EBITDA

 

 

Debt Indexes

 

 

 

 

Amortization - R$ million

Average Term: 4.3 years

 

   

RESULTS | 2Q24

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2. Investments

In 2Q24, the investment program amounted to R$667.4 million, of which 91.3% was invested by Copel Distribuição and 5.9% by Copel Geração e Transmissão.

In the year to date, R$1,259.4 million was invested, of which 90.8% was invested by Copel Distribuição, with 93.4% allocated to electrical assets and 6.6% to investments in non-electrical assets and other investments.

The investments made in the distributor are allocated to the following projects:

·Programa Transformação - broad investment plan aimed at modernizing, automating and renewing the distribution grid and private communication network with standardized technologies to serve automation equipment. Among the expected benefits are the reinforcement of rural grid to reduce outages and ensure support for the growth of agribusiness in the State of Paraná, reduction of costs with O&M and commercial services and improvement in the control of the Equivalent Duration of Interruption per Consumer Unit - DEC and Equivalent Frequency of Interruption per Consumer Unit - FEC indicators. The program consists of 3 pillar projects to achieve the objectives:
oParaná Trifásico: represents the improvement and renewal of rural distribution grid in the Company's concession area, with the implementation of a three-phase grid and creation of redundancy in the main rural branches. By the end of June 2024, 17,645 km of grid had been completed.
oSmart Grid: aims to implement a private communication network with standardized technology to serve all distribution grid automation equipment and advanced metering infrastructure. By the end of June 2024, 801,663 smart meters had already been installed. In the first phase of the program, advances were identified for our operation, with the reduction of man-hours and kilometers traveled, fewer non-technical losses, improvement in quality and reduction of compensation for violations of quality performance limits.
oTotal Reliability: aims to ensure modernity in power grid operations based on the following premises: maintain full communication between teams and the availability of equipment in the grid, implement automation in special equipment, maintain the entire municipality of the concession with a substation or special switch and expand the grid circuits and Self Healing equipment. By the end of June 2024, the project completed 87.15% of the planned schedule.

“Programa Transformação” covers the construction of approximately 25 thousand km of new grid, 15 thousand new automated points and the implementation of smart grid technology in the state of Paraná.

·Compact and Protected Grid - deployment of compact grid predominantly in urban areas with a high degree of afforestation in the vicinity of distribution grid and protected grid exclusively in rural areas. Compact grid avoids cutting and pruning trees and improves the quality of supply, as it reduces the number of disconnections. Protected grid also improves the quality and reliability of the system as it avoids interruptions due to contact with vegetation or other objects and bad weather. At the end of June 2024, the length of the installed compact and protected grid was 30,310 km, compared to 24,676 km in June 2023, an increase of 5,634 km, or 22.83%, in twelve months.
   

RESULTS | 2Q24

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·Isolated Secondary Grid - investment in low voltage isolated secondary grid (127/220V), which have significant advantages over the conventional overhead grid, such as: improving DEC and FEC indicators; make energy theft difficult; improve environmental conditions; reduce pruning areas; increase security; reduce voltage drop across the grid; increase the useful life of transformers by reducing the number of short circuits in the grid, among others. At the end of June 2024, the length of the installed isolated secondary distribution grid was 23,245 km, compared to 22,391 km in June 2023, an increase of 854 km, or 3.81%, in twelve months.

 

 

   

RESULTS | 2Q24

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3. Copel Geração e Transmissão

3.1 Financial Performance

 

Copel GeT reported adjusted EBITDA[2] of R$675.6 million, 2.9% lower than the R$695.6 million recorded in 2Q23. This result mainly reflects (i) the lower average price of the energy portfolio in 2024 (R$175.71 versus R$187.13 in 2Q23), despite the increase in energy sold in the period (5,138 GWh versus 4,965 GWh in 2Q23); and (ii) the lower performance of wind farm complexes due to generation deviation due to the effect of wind volume below certification, greater curtailment and unavailability of the generating park resulting from maintenance, resulting in revenue shortfall of R$27.1 million (-192% y/y); partially offset by the R$30.5 million increase in Copel GeT's use of the main transmission grid revenue, as a result of the periodic tariff review applied to contracts and higher inflation in the comparison between periods (IPCA of 1.05% in 2Q24 compared to 0.76% in 2Q23). Item 3.1.1 presents the regulatory accounting of the result for the purpose of verifying the IFRS (International Financial Reporting Standards) effect on transmission assets.

In addition, a reduction in costs with the acquisition of “electricity purchased for resale” of R$38.1 million was recorded, as a result of better hydrological conditions (average GSF of 99.3%, compared to 94.3% in 2Q23).


[2] Excluded non-recurring items and IFRS effects on transmission contract assets.

 

Expenses with PMSO, excluding provisions and reversals, decreased by 9.1%, basically influenced by the 33.6% decrease in “Other operating costs and expenses” as a result of net gains from the sale of properties (+R$15.2 million) and lower insurance costs (-R$2.8 million).

Neutralizing the effects of the provisions related to the PPD and PLR, there was an increase of 0.5% in personnel and management costs in the quarterly comparison, as a result of the 4.51% salary adjustment in the Collective Agreement of October 2023. Considering the accumulated inflation of 3.7% measured by the National Consumer Price Index - INPC, there was a decrease in real terms of 3.1% in personnel costs, as a consequence of the reduction of 78 employees between the periods.

   

RESULTS | 2Q24

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In the accumulated total, Copel GeT recorded adjusted EBITDA of R$1,362.1 million, a decrease of 10.7% compared to the same period of the previous year, mainly due to (i) a reduction in revenue from electricity sales to distributors of R$283.4 million, due to the lower average price of energy and greater generation deviation in wind complexes and (ii) lower expenditure on electricity purchased for resale in the period of R$26.3 million, explained by better hydrological conditions in 2Q24 (average GSF 99.3%, compared to 94.3% in 2Q23).

Net income was R$349.5 million compared to R$79.7 million in 2Q23, due to, in addition to the items already mentioned, (i) the reduction in Income Tax and Social Contribution on Profit, due to the payment of Interest on Equity (JCP) to Holding; (ii) the reduction of R$54.0 million in financial expenses, due to the lower amount of debt, and (iii) the better result of discontinued operations since, in 2Q23, there was an impairment provision of R$150.4 million related to UEGA.

 

3.1.1 IFRS Effect on the Transmission Segment

3.2 Operational Performance application of CPC 47 / IFRS 15 on the corporate statements in the transmission segment.

3.2 Operacional Performance

Copel is present in 10 states, operating in the generation and transmission business.

In the Generation business, Copel GET operates a diversified park of hydroelectric, wind and thermal power plants, totaling 6,573.9 MW of installed capacity and 2,939.8 average MW of assured energy. In the Transmission business, Copel has a total grid of 9,685 km of transmission lines and 53 basic grid substations, considering the stakes.

For more information on generation and transmission operational data, see Exhibit IV.

   

RESULTS | 2Q24

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3.2.1 Generation

Copel's generating complex is composed of 99.7 renewable sources such as hydro and wind.

 

  

3.2.2 Hydro and Wind Generation

The energy generation of Copel Geração e Transmissão S.A. and its wind farms until June 2024 was 13,167 GWh compared to 11,212 GWh until June 2023.

In the second quarter of 2024, Copel Geração e Transmissão (including energy from HPP Foz do Areia and SHP Bela Vista) registered 4,039 GWh of electricity sold, an increase of 2.2%.

For wind farms, the total electricity sold was 1,099 GWh, an increase of 8.6%, mainly due to the increase in energy sold in the regulated environment (CCEARs) due to the start of supply from the Vilas Wind Complex[3].

 


[3] Vila Ceará I, Vila Maranhão I, Vila Maranhão II and Vila Maranhão III Wind Farms (28°LEN - CCEAR 2024 - 2053).

 

   

RESULTS | 2Q24

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GSF and PLD

3.2.3 Thermal Generation

TPP Figueira

The 20 MW installed capacity coal-fired thermoelectric plant is in the process of being divested by the Company, with no current energy supply contracts. In 2Q23, generation was 2.3 GWh, accumulating a dispatch of 5.3 GWh in the year.

3.3 Transmission

Copel has more than 9,600 km of transmission lines in eight Brazilian states, considering its own assets and in partnership with other companies. In addition to building, maintaining and operating its own extensive energy transmission grid, Copel provides services to projects of other concessionaires with the quality of those who have accumulated 69 years of experience in the sector. The Transmission projects are listed in Exhibit IV, including the Copel Geração e Transmissão’s SPEs Costa Oeste, Marumbi and Uirapuru Transmissora (100% Copel GeT), as well as the 7 SPEs in which Copel GeT has a stake.

3.3.1 RBSE Reprofiling

Below we describe the flow of receipt of the portion of the Revenue related to the Basic Grid of the Existing System – RBSE[4] for the next cycles. It is important to note that they may be changed in the future, as a result of the tariff review processes and/or review of parameters used to compose these revenues by the regulatory body. The values ​​below underwent periodic tariff review, according to Homologation Resolution No. 3,344/2024, and by annual adjustment by the IPCA according to Homologation Resolution 3,348/2024.

 

Note:

Economic component: future values based on the 2024-2025 cycle (according to REH 3.348/2024 of 07/16/2024)

Financial component: values published in REH 2,847/21. Subject to revision during the current cycle in view of the controversy in the methodology used to calculate these values by the regulatory agency.

APR values ​​up to the 2027-2028 cycle projected based on the values ​​in REH 3348/2024.

 

 


[4] Refers to concession agreement 060/2001, which represents 41.5% of the annual permitted revenue (APR) from Copel GET transmission and its proportional participation.

   

RESULTS | 2Q24

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4. Copel Distribuição

4.1 Financial Performance

Copel Distribuição reported adjusted EBITDA, excluding revenue from NRV, of R$566.0 million in 2Q24, an increase of 31.6%, mainly due to the 6.2% growth in the billed grid market (see item 4.2.1) and the tariff adjustment in June 2023, with an average increase of 6.32% in the Tariffs for the Use of the Distribution System Usage Tariffs (TUSD). In the year to date, adjusted EBITDA, excluding revenue from NRV, reached R$1,182.8 million, an increase of 29.7%.

Manageable costs, excluding provisions and reversals, increased 1.8% compared to 2Q24, mainly due to the R$20.5 million increase in third-party services, substantially linked to the maintenance of the electrical system. This increase was partially offset by (i) the 5.2% (-R$9.3 million) reduction in personnel and management costs, due to the reduction of 176 employees in Copel Distribuição's workforce, and (ii) the 7.3% (-R$5.0 million) reduction in other operating costs and expenses, mainly due to the reduction in losses on the deactivation of assets and rights. In the year to date, manageable costs fell 9.3%, mainly due to the compensation of the additional third of vacation pay at the beginning of 2023.

 

The personnel and management account, excluding the effects of the PPD and PLR provision, recorded a reduction of 3.7%, even with the salary adjustment applied in the collective agreement and salary policy. In the year to date, excluding these effects and the amounts related to the additional third of vacation compensation, there was a reduction of 0.1%. Considering the accumulated inflation measured by the INPC, of ​​3.70% between 2Q23 and 2Q24, the personnel and management cost line recorded a reduction in real terms of 7.2%.

Copel Distribuição's net income in 2Q24 was R$207.9 million, an increase of 28.7%, driven by the good operating results in the second quarter. Year-to-date, net income was R$449.8 million, an increase of 49.3%, due to the good operating results in the second quarter and the even better operating results in the first quarter.

The following are Copel Distribuição's main indicators:

In 2Q24, the following also stand out:

(i)the 25.1% growth in revenue from use of the main distribution and transmission grid, mainly due to the 6.2% growth in the billed grid market, which considers the offset energy from Mini and Micro Distributed Generation – MMGD, and the June 2023 tariff adjustment, with an average effect of a 6.32% increase in tariffs for the use of the distribution system (TUSD);
   

RESULTS | 2Q24

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(ii)the 26.3% increase in revenue from electricity sales to final customers, due to the 5.3% growth in the billed captive market in the quarter and the average effect of a 17.4% increase in the Energy Tariff (TE) component in the 2023 tariff adjustment;
(iii)the 70.3% reduction in revenue from electricity sales to distributors, due to the reduction in revenue from the settlement of energy in the CCEE Spot Market;
(iv)the R$176.4 million increase in electricity purchased for resale (+11.8%) mainly due to higher costs with energy from the distributed generation system;
(v)the 44.8% reduction in the item Sectorial assets and liabilities result, mainly due to lower energy costs in the period;
(vi)the 17.7% increase in costs with charges of main transmission grid, the effect of higher expenses with charges for the use of the basic grid (+R$94.6 million), given the readjustment of the APR of the transmission companies and with the transmission of power from Itaipu (+R$23.0 million), given the increase in the tariff; and
(vii)provisions and reversals, which remained practically stable, with an increase of R$5.5 million in provisions for litigation, mainly labor-related, offset by a reduction of R$5.2 million in PECLD, which went from R$29.6 million to R$24.4 million, mainly due to the 16.76% increase in invoice recovery.

4.1.1 Regulatory Efficiency

Copel Distribuição recorded adjusted EBITDA of R$2,381.2 million in the last 12 months, equivalent to an efficiency of R$699.7 million, 41.6% above the regulatory EBITDA.

Note: Regulatory EBITDA is calculated based on the WACC values on Remuneration Base + Special Obligations + LPLT/RGR, and QRR published in ANEEL Technical Notes in Tariff Revision or Adjustment events.

 

 

   

RESULTS | 2Q24

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4.2 Operacional Performance

4.2.1 Grid Market (TUSD)

Copel Distribuição's grid market, made up of the captive market, the supply to concessionaires and licensees within the State of Paraná and all the free customers existing in its concession area, had an 8.2% increase in electricity consumption in 2Q24 compared to the same period of the previous year and 9.2% in the year to date, mainly due to the high temperatures in 2024. The billed grid market, which considers the offset energy from Mini and Micro Distributed Generation - MMGD, increased 6.2% in 2Q24 and 7.1% in the year to date.

4.2.2 Captive Market

The captive market showed an 8.7% increase in electricity consumption in 2Q24 compared to the same period of the previous year and 4.1% year-to-date. The billed captive market, which considers the offset energy from MMGD, showed an increase of 5.3% in 2Q24 and 6.5% year-to-date.

4.2.3 Operational Data

In December 2015, the Company signed the fifth amendment to the Public Service Concession Agreement for the Distribution of Electric Energy No. 46/1999 of Copel Distribuição S.A., which extends the concession until July 7, 2045. Copel Distribuição complied with the conditioning requirements of economic-financial efficiency and quality for the inspection cycle of the initial 5 years. From the sixth year following the conclusion of the contract, non-compliance with the quality criteria for three consecutive years or economic and financial management for two consecutive years implies the opening of the forfeiture process. For the criterion of quality of distribution service provision, ANEEL defined the limits of Equivalent Duration of Interruption per Consumer Unit (DEC) and Equivalent Frequency of Interruption per Consumer Unit (FEC) for the years 2021 to 2026. For the DEC, the result for the last 12 months calculated in June 2024 was 8.52 hours. For the FEC, the result in the same period was 5.55 interruptions. In recent months, there has been a significant increase in severe weather events in the state of Paraná, causing damage to the system and, consequently, reducing the resilience of the grid, increasing the number of outages and making it difficult for maintenance teams to perform their tasks. Investments that will increase the robustness of the grid are underway, such as the “Paraná Trifásico”, Smart Grid and Total Reability projects.

 

Losses - Distribution losses can be defined as the difference between the electricity purchased by distributors and the electricity billed to their consumers, being segmented as Technical and Non-technical. Technical Losses are inherent to the activity of electricity distribution and Non-Technical Losses, originate mainly from theft (clandestine connection, direct diversion of the grid), fraud (meter tampering or deviations), reading, measurement and billing errors.

At the end of June 2024, Technical Losses for the last 12 months were 2,230 GWh, compared to 2,052 GWh for the same period of the previous year, and Non-Technical Losses were 681 GWh, compared to 645 GWh for the same period of the previous year. Total losses for the last 12 months totaled 2,911 GWh at the end of June 2024.

 

 

GWh - 12 Months jun/20  jun/21  jun/22  jun/23  jun/24 
Injected Energy 32,186 33,996 35,063 35,459 38,545
Distribution Losses 2,263 2,693 2,694 2,697 2,911
Technical Losses 1,946 2,056 2,029 2,052 2,230
Non-Technical Losses 317 637 665 645 681

* Losses reflect the difference between the measured load and the billed market. In 2020, with the onset of the Covid-19 pandemic, cargo suffered a rapid retraction and the market did not respond at the same speed, due to the mismatch between the measurement schedule and the consumer billing calendar, reducing the volume of losses in this period.

 

   

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Non-Technical Losses are largely associated with the management of the concessionaire and the socioeconomic characteristics of the concession areas. In this sense, the Company maintains a Program to Combat Non-Technical Losses through the following actions:

üImprovement of actions to combat irregular procedures;
üInvestments aimed at the provision and/or acquisition of equipment for inspection;
üElaboration and execution of specific training related to commercial losses;
üConducting inspections, both in Medium and Low Voltage;
üEducational notes in the press and messages on the electricity bill.
üJoint operations with the Civil Police and the Public Prosecutor's Office;
üOpening of a police investigation in the regions where significant numbers of irregular procedures were found.

The tariff pass-through of efficient loss levels is provided for in the concession contracts and these losses are included in the energy purchase costs up to the regulatory limit stipulated by ANEEL. Copel Distribuição remained within regulatory limits in recent tariff processes.

 

 

   

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5. Copel Comercialização
5.1 Financial Performance

In 2Q24, Copel Comercialização reported adjusted EBITDA of R$34.8 million, 7.2% higher than the R$32.4 million recorded in 2Q23, mainly reflecting the improvement in the energy sales margin in the period.

In the quarter, the fair value of energy purchase and sale contracts (marking to market) - the amount determined by the difference between the contracted price and the future market price estimated by the Company - was mainly affected by the execution of contracts that were not included in the base and the shift in the PLD of the Northeast in relation to other regions.

Manageable costs fell by 6.9% in 2Q24, mainly impacted by the decrease in expenses with renewable energy certification (-R$0.6 million) and insurance (-R$0.2 million), partially offset by the increase in personnel and administrative costs (+R$0.3 million).

 

The personnel and management costs, excluding the PLR ​​and PPD effects, registered an increase of 3.3% in 2Q24, mainly due to the effects of the 2022/2024 ACT with salary adjustments of 4.51% in October 2023. Considering the accumulated inflation measured by the National Consumer Price Index - INPC, of ​​3.70% between the quarters, the personnel and management cost line registered a reduction in real terms of -0.4%. In the accumulated, disregarding the effects of the PLR ​​and PPD, PDV compensation and compensation for the additional third of vacation bonus, the personnel account reduced by 33.5%.

 

Net income in 2Q24 was R$9.2 million, 46.9% lower than the R$17.3 million in 2Q23. This result is mainly due to the change in mark-to-market (negative R$31.0 million in 2Q24 compared to negative R$22.1 million in 2Q23).

 

In the first half of 2023, adjusted EBITDA decreased by 20.9%, mainly due to the lower margin in sales due to the lower average energy price of 19.5% and higher provision for doubtful debtors and higher personnel costs. Copel Comercialização's net income was R$26.8 million compared to R$87.8 million recorded in the first half of 2023, as a result of the drop in EBITDA and also due to the variation in mark-to-market.

   

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5.2 Operacional Performance

Copel was a pioneer in creating an energy trader and the first to sell energy to free consumers, when this category was created in the country, in 1995. Copel Comercialização, created in 2016, is among the largest in the country in terms of energy volume sold in a free contracting environment, offering more savings and peace of mind for customers in all regions of Brazil.

Copel Comercialização is responsible for the sale of energy and provision of services in the ACL. In June 2024, the Company registered 1,532 customers/contracts, a reduction of 10.9% compared to the same period of the previous year, due to the lower execution of contracts for Free Customers (-14.1%), partially offset by the increase of 39.8% in bilateral contracts, especially for traders. The amount of energy sold reached 5,527 GWh sold in 2Q24, an increase of 4.2% compared to the same period of the previous year, due to the effect of the increase in sales to traders in bilateral contracts (+23.8%). The graph below shows the evolution of Copel Comercialização in terms of the amount of GWh sold and the number of end consumers.

 

 

6. Performance ESG

6.1 Copel pioneers in ESG in the sector

Copel was the 1st company in the sector to produce an Environmental Impact Report for a generation project, and the 1st company in the energy sector in Brazil to become a signatory to the UN Global Compact in 2000. The Company promotes actions for the dissemination of the UN 2030 Agenda and the implementation of the SDGs in the electricity sector. Copel adhered to the "Pact for Water and Energy Resilience" Commitment and also received the Pro-Gender and Race Equity Seal from the Federal Government. The Company received the Pro-Ethics Seal, 2018-2019 and 2020-2021 editions, granted by CGU and the ETHOS Institute, for the voluntary adoption of integrity measures, with public recognition for the commitment to implement measures aimed at the prevention, detection and remediation of acts of corruption and fraud. Copel participates in the 100% Transparency Movement of the UN Global Compact, the first and largest initiative to promote corporate transparency in Brazil.

   

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Environmental

§It has a Copel 2030 Neutrality Plan, approved by the Board of Directors: focusing on science-based targets (SBTi), with the purpose of neutralizing Scope 1 Greenhouse Gas (GHG) Emissions, for the assets that Copel has operational control over (according to the concept established in the GHG Protocol methodology) by 2030;
§Net Zero Ambition Movement – Copel joined the Net Zero Ambition Movement. The movement is part of the strategies developed by the Global Compact so that large companies together can promote actions that result in the reduction of greenhouse gases by 2030;
§It is part of the Brazilian Business Commitment to Biodiversity with the Brazilian Business Council for Sustainable Development (CEBDS).

Social

§Actions and Programs – Solidary Selective Collection; Cultivate Energy Program; Electricidania; Good Neighbor Program; Diversity Commission; Human rights; EducaODS; Enlightening Generations; More than Energy, among others.
§It reformulated its Sustainability Policy, which now includes corporate policies on Human Rights, Stakeholder Engagement, Private Social Investment, Climate Change, Biodiversity and Environmental.
§It has a Policy, People Management, Occupational Health and Safety, among others.
§Copel's EletriCidadania corporate volunteering program completed 20 years of existence. Created institutionally in 2004, since then it has brought together more than 1,200 volunteers, in more than 30,000 hours of activities. It is estimated that at least 190,000 people have benefited from these solidarity actions.

Governance

§It has statutory advisory committees to the Board of Directors: Statutory Audit Committee - CAE; Statutory Sustainable Development Committee (CDS), Investment and Innovation Committee (IIC) and People Committee (CDG);
§The Board of Directors is composed mostly of independent members;
§The Statutory Audit Committee (CAE) is made up of independent members, one of whom is an external member;
§Establishment of Variable Compensation with ESG goals – 2023: 30% of the PPD;
§Listed in Level 2 of B3's Governance;
§Review of Corporate Policies for Transactions with Related Parties and Conflict of Interest and Integrity;
§On 08/11/2023, Copel was transformed into a Corporation. As a result, the company became a company with dispersed capital and no controlling shareholder.
§Joined the 100% Transparency Movement of the UN Global Compact;

 

Priority SDGs for the Brazilian Electricity Sector

 

6.2 Recent Highlights

 

§In line with the strategic guideline of having a 100% renewable energy matrix, Copel completed the divestment of all shares of Copel's stake (81.2%1) in UEG Araucária (“UEGA”) to Âmbar Energia S.A, after fulfilling all the conditions set forth in the respective Share Purchase and Sale Agreement (CCVA).
§Copel published the 2023 Integrated Report, which details the company's actions within the ESG scope and highlights Copel's commitment to sustainable and responsible practices, reaffirming its dedication to caring for the environment, social responsibility and corporate governance. The report, prepared in accordance with the best international transparency and governance practices, follows the standards of the international standard Global Reporting Initiative (GRI) and is an essential reference for various stakeholders, serving as a basis for external assessments that analyze the performance of companies in terms of sustainability. ▪ Copel's transformation into a Corporation led to the review of several Corporate Policies, Bylaws and Bylaws, keeping the Company's Governance aligned with the best market practices.
   

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§Due to the heavy rains that hit Rio Grande do Sul in 2024, Copel promoted a campaign to collect donations, which were allocated by the Civil Defense of Paraná to the population affected by the floods in that state. Copel employees contributed 4,500 items of clothing, 3,400 liters of water, approximately two tons of food and animal feed, as well as 18,500 cleaning and hygiene items. Additionally, the Company sent 1,200 mattresses and another 1,300 cleaning items - such as buckets, brooms, brushes and gloves - to a Civil Defense collection center in RS, in addition to 51,000 plastic bags for various purposes. The donations also included a truck with wooden pallets for use in shelters in the São Leopoldo region.

 

 

 

6.3 Indicators

 

Regarding the GHG scope 1 indicator (tCO2), the increase recorded is due to the return of commercial operations at UTE Figueira, on 12/7/2022, by ANEEL Order No. 2502/2022, with generation until September 2023. In line with the plan to have a 100% clean generation matrix. According to Material Fact 03/24, the thermal plant is in the process of divestment by the Company.

 

   

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6.4 Ratings, Rankings, and Indexes

 

Index Ranking

Reference

Year

15th position

4º in SEB

2023
CSA Score 70 2023
A- 2023
Sim 2023
Medium Risk 2023
A 2023

 

 

   

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7. Other highlights

Available Cash Flow and Dividends

Available Cash Flow is defined in the Dividend Policy as: DCF = Cash generated by Operating activities, deducted from net cash used by investment activities, being: (a) Cash Generated by Operating Activities: cash generated by operating activities in the fiscal year, before taxes, contributions (IRCS) and financial charges; (b) Net cash used by Investment activities: amount invested in the fiscal year in non-current assets. The Table below demonstrates the calculation of the FCD on June 30, 2024:

 

On June 28, the Company made a total payment of R$632 million in dividends to its shareholders, totaling a Payout of 50%, in accordance with the Dividend Policy.

Divestment of Compagas

On July 1, a Controlling Block Purchase and Sale Agreement was signed with Compass Dois Ltda., a subsidiary of Compass Gás e Energia S.A., for the sale of all shares representing 51% of Companhia Paranaense de Energia – Compagas. The sale price (equity value) was R$906.0 million, to be adjusted as provided for in the contract. The conclusion of the Transaction is subject to the non-exercise of the preemptive right of the current shareholders and the verification of usual conditions for transactions of this nature, including approval by the competent bodies. More information is available in Material Fact 06/24.

Conclusion of Divestment in UEGA

On July 1, the Company concluded the divestment of all shares of Copel's 81.2% stake in UEG Araucária to Âmbar Energia after fulfilling all conditions set forth in the Share Purchase and Sale Agreement (CCVA). With the divestment, the Company takes another step towards meeting the strategic guideline of having a 100% renewable energy matrix, strengthening the pillars for the sustainability and sustainable growth of its business.

Copel Distribuição Tariff Adjustment

As of June 24, 2024, Copel Distribuição's new tariff structure came into effect, with an adjustment approved by the National Electric Energy Agency (ANEEL), whose average effect to be perceived by consumers was 0.00%. More information is available in Notice to the market 20/2024.

Fitch Reaffirms Copel and its Subsidiaries' 'AAA(bra)' Rating

On May 24, 2024, the credit rating agency Fitch Ratings (“Fitch”) reaffirmed the Long-Term 'AAA(bra)' rating of Copel and its wholly-owned subsidiaries Copel Geração e Transmissão, Copel Distribuição and Copel Serviços, the highest possible on Fitch's scale. At the same time, the outlook for the corporate ratings was maintained as stable. The conservative financial leverage, the strong business profile, the efficiency gains in Distribution and the positive free cash flow stand out as relevant points of the rating.

New CFO

Economist Felipe Gutterres took office as the Company's Chief Financial and Investor Relations Officer (“CFO”) on July 1, 2024. The new officer has a solid professional trajectory in national and international companies, with extensive experience in corporate finance, leadership, business development and sustainability, complex negotiations, corporate innovation, operational risk management and investor relations, with a recognized track record in large companies in the Infrastructure, Logistics, Oil and Gas and Technology segments.

New CEO of Copel Comercialização

On June 3, 2024, engineer Rodolfo Lima was sworn in as the new CEO of Copel Comercialização. With extensive experience in the electricity sector, the new director brings with him a history of leadership and innovation, with in-depth knowledge in the area of ​​market development, commercialization and negotiation in the Brazilian electricity sector, as well as experience in the area of ​​systemic assessments and strategic definition for risk mitigation, and short- and long-term price forecasts. Most recently, the executive served as Chief of Commercial Officer (CCO) at AES Brasil and previously held leadership positions at Three Gorges Corporation (CTG) and CPFL Energia.

   

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New Director of Regulation and Market

Engineer André Gomes was sworn in as Director of Regulation and Market on July 1, 2024. With over 24 years of experience in the electricity sector, he has held leadership positions in agencies and companies such as CPFL Energia, AES Brasil and the National Electric Energy Agency (ANEEL), being responsible for regulatory, strategic and institutional matters, standing out in conducting tariff adjustment and review processes for distribution and transmission and in leading the post-privatization management process of CEEE-T. His last position was as President of CPFL Transmissão.

Copel wins the award for best investment fund in energy transition

Copel won the Energy Summit Awards in the Investment Funds category, which aims to recognize initiatives that are accelerating transformation in the energy and ESG segment. The winning fund is Copel Ventures I, the Company's first Corporate Venture Capital (CVC) fund, focused on investments in startups in the energy sector. The fund seeks to drive innovation and sustainable growth in the segment through contracts made through public notices.

Copel's Ombudsman's Office is elected the best in Brazil for the 4th time by Aneel

Copel's ombudsman's office was elected the best in Brazil for the fourth time in seven years. The award, considered the main award in the electricity sector in the area and an initiative of Aneel, recognizes the greatest efficiency in handling customer complaints and in the service structure offered.

Copel engineer is honored at the Crea-PR Engineer Enedina Marques Award 2024

Engineer Gisele Monteiro was honored with the Enedina Alves Marques award, which aims to value female talents and celebrate their achievements. Graduated from the Federal Technological University of Paraná (UTFPR), with specialization in Electrical Systems Protection, Finance, Executive MBA in Administration and Human Development of Managers. She worked as a postgraduate professor in the energy market and regulation of the electricity sector, having worked at Universidade Positivo, Fundação Getúlio Vargas and UniSociesc-Joinville. She started at Copel as an electronics technician, worked as a systems protection engineer and held leadership positions in the areas of energy efficiency, regulation, tariffs and energy trading. She recently served as Head of Energy Market, coordinating planning, portfolio management and risk activities.

Copel implements intelligent power grid management system

On May 16, the last Go-Live of the ADMS (Advanced Distribution Management System) was completed, with the start of operations in the eastern region. ADMS is a cutting-edge technology that helps in the supervision and control – in real time – of electric power distribution substations. The new technology provides a comprehensive view of the entire distribution network, allowing operators to monitor and control the network more effectively, responding quickly to any anomalies or emergencies.

 

   

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Disclaimer

Informações contidas neste documento podem incluir considerações futuras e refletem a percepção atual e perspectivas da diretoria sobre a evolução do ambiente macroeconômico, condições da indústria, desempenho da Companhia e resultados financeiros. Quaisquer declarações, expectativas, capacidades, planos e conjecturas contidos neste documento, que não descrevam fatos históricos, tais como informações a respeito da declaração de pagamento de dividendos, a direção futura das operações, a implementação de estratégias operacionais e financeiras relevantes, o programa de investimento, os fatores ou tendências que afetem a condição financeira, liquidez ou resultados das operações são considerações futuras de significado previsto no “U.S. Private Securities Litigation Reform Act” de 1995 e contemplam diversos riscos e incertezas. Não há garantias de que tais resultados venham a ocorrer. As declarações são baseadas em diversos fatores e expectativas, incluindo condições econômicas e mercadológicas, competitividade da indústria e fatores operacionais. Quaisquer mudanças em tais expectativas e fatores podem implicar que o resultado real seja materialmente diferente das expectativas correntes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Relações com Investidores

ri@copel.com

Telefone: (41) 3331-4011

 

   

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Exhibit I - CONSOLIDATED RESULTS > INCOME STATEMENT
            R$ '000
Income Statement 2Q24 2Q23 Δ% 1H24 1H23 Δ%
OPERATING REVENUES   5,479,266   5,100,224   7   10,896,264   10,367,781  5.1
Electricity sales to final customers   2,079,469  1,825,581  14  4,284,934  3,729,740 14.9
Electricity sales to distributors   726,606  847,446   (14)  1,466,836  1,740,110   (15.7)
Use of the main distribution and transmission grid  1,667,928  1,349,244  24  3,473,212  2,845,462 22.1
Construction revenue  674,322  601,105  12  1,247,969  1,129,474 10.5
Fair value of assets from the indemnity for the concession 13,307   7,881  69   32,277   33,615  (4.0)
Result of Sectorial financial assets and liabilities  199,893  362,227   (45) 145,476 606,453   (76.0)
Other operating revenues  117,741  106,740  10 245,560 282,927   (13.2)
OPERATING COSTS AND EXPENSES (4,611,582) (4,307,060) 7   (9,075,134)   (8,487,190)  6.9
Electricity purchased for resale (2,012,934) (1,877,592) 7   (3,986,401)   (3,698,567)   7.8
Charge of the main distribution and transmission grid (760,284) (677,178)  12   (1,508,358)   (1,353,636) 11.4
Personnel and management (284,823) (289,847)  (2)   (578,696)   (702,548)   (17.6)
Pension and healthcare plans   (66,721)   (65,618) 2   (135,697)   (129,929)   4.4
Materials and supplies    (21,691)   (20,547) 6  (40,143)  (41,254)  (2.7)
Materials and supplies for power eletricity  -  (3,763)  - (936)  (10,479)   (91.1)
Third-party services (253,965) (230,236)  10   (498,066)   (462,668)   7.7
Depreciation and amortization (356,155) (348,040) 2   (720,783)   (679,455)   6.1
Provisions and reversals   (73,555)   (74,689)  (2)   (159,576)  (63,601)  150.9
Construction cost (672,725) (593,493)  13   (1,243,649)   (1,119,483) 11.1
Other cost and expenses (108,729) (126,057)   (14)   (202,829)   (225,570)   (10.1)
EQUITY IN EARNINGS OF SUBSIDIARIES  80,545  72,745 11  162,188  176,833   (8.3)
PROFIT BEFORE FINANCIAL RESULTS AND TAXES   948,229   865,909 10  1,983,318  2,057,424   (3.6)
FINANCIAL RESULTS (289,685) (247,245) 17   (557,859)   (576,479)   (3.2)
Financial income  274,376  300,019  (9) 526,037 532,272  (1.2)
Financial expenses (564,061) (547,264) 3   (1,083,896)   (1,108,751)  (2.2)
OPERATIONAL EXPENSES/ INCOME   658,544   618,664   6  1,425,459  1,480,945   (3.7)
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT (195,479) (169,089) 16   (430,204)   (401,220)  7.2
Income tax and social contribution on profit   4,229 (180,771) (102)   (142,437)   (325,275)   (56.2)
Deferred income tax and social contribution on profit (199,708) 11,682  (1,810)   (287,767)  (75,945)  278.9
NET INCOME continuing operations   463,065   449,575   3  995,255  1,079,725   (7.8)
NET INCOME discontinued operations  10,509 (141,869)  - 11,862   (136,529) -
NET INCOME   473,574   307,706 54  1,007,117  943,196  6.8
Attributed to the controlling company's shareholders - continuing operations  475,681  448,369 6  1,014,879  1,078,922  (5.9)
Attributed to the controlling company's shareholders - discontinued operations  (3,599) (130,577)   (97)  (11,414)   (134,540)   (91.5)
Attributed to non-controlling shareholders- continuing operations  (6,803)   7,402  - (8,316)  7,579  -
Attributed to non-controlling shareholders- discontinued operations   8,295   (17,488)  -   11,968 (8,765)  -
EBITDA continued operations 1,304,384 1,213,949   7   2,704,101   2,736,879   (1.2)

 

 

   

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Exhibit I - CONSOLIDATED RESULTS > BALANCE SHEET
R$'000   R$'000
Assets Jun-24 Dec-23 Δ%   Liabilities Jun-24 Dec-23 Δ%
 CURRENT    15,524,849   13,715,730 - 0.2    CURRENT    9,912,187   9,309,433   5.8
 Cash and cash equivalents   7,330,747  5,634,623 2.8    Payroll, social charges and accruals   824,067  927,538 2.1
 Bonds and securities    5,709   4,763 (41.7)    Suppliers   2,171,774  2,154,430 0.1
 Collaterals and escrow accounts  9 9   -    Income tax and social contribution payable  51,798  132,979 (66.0)
 Customers    3,593,631  3,761,170 2.4    Other taxes due   274,662  346,083 (10.9)
 Dividends receivable  63,780 95,569 (11.0)    Loans and financing   1,540,206  675,980  69.4
 Sectorial financial assets  - 15,473   -    Debentures   1,319,670  1,225,649 9.7
 Account receivable related to concession  10,855   9,354 4.2    Minimum compulsory dividend payable    9,097  464,147   (0.0)
 Contract Assets   269,656  284,616   (2.1)    Post employment benefits   96,364 85,833  12.7
 Other current receivables   717,419  949,732 (19.2)    Customer charges due  50,598 61,466 2.2
 Inventories   160,336  174,726  10.7    Research and development and energy efficiency   206,426  320,196   (7.6)
 Income tax and social contribution   379,011  315,218 9.7    Accounts Payable related to concession   102,040  101,976   (0.9)
 Other current recoverable taxes   1,125,532  943,343   (9.1)    Net sectorial financial liabilities   1,617,748  476,103 (11.0)
 Prepaid expenses  53,788 62,869 3.8    Lease liability  56,921 49,742 6.0
 Related parties    834   1,336 (39.8)    Other accounts payable   996,107  859,456  22.3
 Assets held for sale   1,813,542  1,462,929   (1.5)    PIS and COFINS to be refunded to costumers  -  558,591  38.4
 NON-CURRENT    41,089,511   42,103,344 (0.8)    Provision for allocation of Pis and Cofins credits  - -   -
 Long Term Assets    15,284,017   16,343,437 (2.9)    Provisions for litigation  -  336,000   -
 Bonds and securities   481,693  490,732 6.1    Liabilities associated with assets held for sale   594,709  533,264.0   (3.9)
 Other temporary investments  45,566 31,728  32.8   NON-CURRENT   21,668,491   22,317,974 (6.4)
 Customers   91,396  105,259   (9.9)    Suppliers   130,695  131,143  -
 Judicial deposits   389,309  634,712 (38.5)    Deferred income tax and social contribution   1,688,691  1,686,793 1.1
 Sectoral financial assets  72,043 15,473  -    Other taxes due   321,404  612,093 (45.3)
 Account receivable related to concession   3,103,699  2,809,901 5.3    Loans and financing   3,661,899  4,667,237 (11.9)
 Contract Assets   7,332,654  7,320,445   (0.2)    Debentures    10,083,093  8,393,457 0.6
 Other non-current receivables   552,294  853,340 (22.9)    Post employment benefits    1,406,433  1,398,410   (0.1)
 Income tax and social contribution  62,135 68,003   (9.3)    Research and development and energy efficiency   275,974  233,478 9.0
 Deferred income tax and social contribution    1,471,920  1,757,688   (4.0)    Accounts Payable related to concession    791,121  791,879   (1.4)
 Other non-current recoverable taxes   1,681,308  2,256,156   (5.0)    Net sectorial financial liabilities  - 27,888   236.3
 Investments    3,522,478   3,511,797 (0.1)    Lease liability   278,672  220,700  11.5
 Property, plant and equipment, net    10,340,564   10,825,421 (1.0)    Other accounts payable   370,258  579,070 (31.7)
 Intangible assets    11,628,289   11,170,089   2.1    PIS and COFINS to be refunded to costumers  -  173,135  -
 Right to use an asset    314,163   252,600 10.5    Provision for allocation of Pis and Cofins credits   1,541,990  1,909,775   (3.3)
TOTAL   56,614,360   55,819,074 (0.6)    Provisions for litigation   1,118,261  1,492,916 (23.1)
          EQUITY   25,033,682   24,191,667   2.2
           Attributed to controlling shareholders    24,758,270   23,886,153 2.2
           Share capital     12,821,758   12,821,758  -
           Equity valuation adjustments   289,982  307,050   (2.6)
           Legal reserves   1,625,628  1,625,628  -
           Retained earnings   9,000,506  9,000,506  -
           Proposed additional dividend  -  131,211  -
           Accrued earnings   1,020,396 -  -
           Attributable to non-controlling interest    275,412  305,514 0.7
          TOTAL   56,614,360   55,819,074 (0.6)
   

RESULTS | 2Q24

27

 
 

 

Exhibit I - CONSOLIDATED RESULTS > CASH FLOW
    R$'000
  06/30/24 06/30/23
 CASH FLOWS FROM OPERATIONAL ACTIVITIES 
     
 Net income from continuing operations  995,255 1,079,725
     
 Adjustments to reconcile net income for the period with cash generation from operating activities:  2,817,962 1,923,448
 Unrealized monetary and exchange variation and debt charges - net  1,009,114   795,963
 Interest - bonus from the grant of concession agreements under the quota system  (62,556) (62,359)
 Remuneration of transmission concession contracts   (385,277)  (393,015)
 Income tax and social contribution    142,437   325,275
 Deferred income tax and social contribution    287,767  75,945
 Equity in earnings of investees   (162,188)  (176,833)
 Appropriation of post-employment benefits obligations    131,006   129,500
 Creation for research and development and energy efficiency programs   87,284  79,849
 Recognition of fair value of assets from the indemnity for the concession  (32,277) (33,615)
 Sectorial financial assets and liabilities result   (160,304)  (668,268)
 Depreciation and amortization    720,783   679,455
 Net operating estimated losses, provisions and reversals    159,576  63,601
 Realization of added value in business combinations    (362)   (361)
 Fair value in energy purchase and sale operations   43,881 (28,177)
 Loss on disposal of accounts receivable related to concession 299 144
 Loss on disposal of contract assets  6,684 5,147
 Loss on disposal of property, plant and equipment  7,068 3,118
 Loss on disposal of intangible assets   29,824  48,138
 Result of write-offs of use rights of assets and liabilities of leases - net   (52) 216
     
 Decrease (increase) in assets 698,494 544,162
 Trade accounts receivable    553,950   395,430
 Dividends and interest on own capital received     144,054  95,557
 Judicial deposits  6,345  12,268
 Sectorial financial assets   52,536  67,123
 Other receivables   (20,805) (94,197)
 Inventories   14,390 (16,273)
 Income tax and social contribution recoverable   (101,352) (18,987)
 Other taxes recoverable   40,483   109,187
 Prepaid expenses  8,391   (6,210)
 Related parties  502 264
     
 Increase (decrease) in liabilities  (565,053)   (33,103)
 Payroll, social charges and accruals    (9,207)   124,021
 Suppliers  (21,301)  (126,758)
 Other taxes    282,923   338,235
 Post-employment benefits   (112,452)  (108,328)
 Sectorial charges due  (10,868)  14,478
 Research and development and energy efficiency    (169,673) (96,911)
 Payable related to the concession  (54,979) (58,124)
 Other accounts payable   (311,691)  15,793
 Provisions for legal claims  (157,805)  (135,509)
     
 CASH GENERATED BY OPERATING ACTIVITIES 2,951,403 2,434,507
     
 Income tax and social contribution paid   (223,618)  (310,381)
 Loans and financing - interest due and paid   (241,765)  (271,476)
 Debentures - interest due and paid   (546,795)  (455,091)
 Charges for lease liabilities paid  (14,801) (11,619)
     
 NET CASH GENERATED BY OPERATING ACTIVITIES FROM CONTINUING OPERATIONS  1,924,424 1,385,940
 NET CASH GENERATED BY OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS  (37,565)  86,606
 NET CASH GENERATED FROM OPERATING ACTIVITIES   1,886,859   1,472,546
     
 CASH FLOWS FROM INVESTMENT ACTIVITIES 
 Financial investments     (5,698) (59,897)
 Additions to contract assets    (1,128,187)  (951,973)
 Acquisitions of subsidiaries - effect on cash  -  (911,450)
 Sale of investments  2,066 -
 Additions in investments - (10,780)
 Capital reduction of investees   37,129 -
 Additions to property, plant and equipment   (62,095)  (114,137)
 Additions to intangible assets    (5,517)   (4,710)
     
 NET CASH USED BY INVESTMENT ACTIVITIES FROM CONTINUING OPERATIONS    (1,162,302)   (2,052,947)
 NET CASH USED BY INVESTMENT ACTIVITIES FROM DISCONTINUED OPERATIONS  (15,791) (16,234)
 NET CASH USED FROM INVESTING ACTIVITIES (1,178,093) (2,069,181)
     
 CASH FLOWS FROM FINANCING ACTIVITIES 
 Issue of loans and financing    -  31,303
 Issue of debentures  2,320,000 2,900,000
 Transaction costs in the issuing of debentures  (55,612) (18,889)
 Payments of principal - loans and financing  (131,999)  (129,139)
 Payments of principal - debentures   (576,183) (25,321)
 Amortization of principal of lease liabilities  (33,840) (34,199)
 Dividends and interest on own capital paid   (586,261)  (335,019)
     
 NET CASH  GENERATED (USED) BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS    936,105 2,388,736
 NET CASH GENERATED (USED)  BY FINANCING ACTIVITIES  FROM DISCONTINUED OPERATIONS   (50,410) (23,074)
 NET CASH GENERATED (USED) FROM FINANCING ACTIVITIES    885,695   2,365,662
     
 TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS    1,594,461   1,769,027
     
 Cash and cash equivalents at the beginning of the period  5,634,623 2,678,457
 Cash and cash equivalents at the end of the period  7,330,747 4,274,138
 Change in cash and cash equivalents from discontinued operations   (101,663)   173,346
     
 CHANGE IN CASH AND CASH EQUIVALENTS    1,594,461   1,769,027
   

RESULTS | 2Q24

28

 
 

 

Exhibit I - CONSOLIDATED RESULTS > ADJUSTED EBITDA AND FINANCIAL RESULT
        R$'000
  2Q24 2Q23 Δ% 1H24 1H23 Δ%
EBITDA FROM CONTINUING OPERATIONS 1,304.4 1,214.0   7.4 2,704.1 2,736.9  (1.2)
(-/+) Fair value in the purchase and sale of energy   31.0   22.1  40.3   43.9  (28.2)  -
(-/+) Provision/Reversal of asset impairment (0.7) (1.0) (30.0) (1.9)  (37.9) (95.0)
(-/+) Indemnity of adittional third of vacation bonus   -   -  -   - 138.2  -
Adjusted EBITDA FROM CONTINUING OPERATIONS 1,334.7 1,235.1   8.1 2,746.1 2,809.0  (2.2)
(-) Ebitda from discontinued Op. Compagas and UEGA   17.2   44.7 (61.5)   38.4   88.7 (57)
Adjusted EBITDA INCLUDED DISCONTINUED OPERATIONS 1,351.9 1,279.8   5.6 2,784.5 2,897.7  (3.9)
(-/+) Equity in earnings of subsidiaries -80.5 -72.7 10.7 -162.2 -176.8  (8.3)
(-/+) VNR  (13.3) (7.8)  70.5  (32.3)  (33.6)   (3.9)
(-/+) Revenue Adjustment TRA IFRS/Regulatory   22.2   12.5  77.6   20.0  (56.8)  -
Adjusted EBITDA INCLUDED DISCONTINUED OP without earnings of subsidiaries, VNR and IFRS effect 1,280.3 1,211.8   5.7 2,610.0 2,630.5  (0.8)
             
             
             
Financial Revenues  274,376  300,019  (8.5)  526,037  532,272  (1.2)
Income from investments held for trading 175,056 106,189  64.9 331,486 199,188  66.4
Late fees on electricity bills   56,277   58,077   (3.1) 103,177 112,670   (8.4)
Monetary restatement and adjustment to present value of accounts payable related to concession 492   48,801 (99.0)   17,074   56,176 (69.6)
Income from sectorial assets and liabilities   31,272   20,710  51.0   35,514   45,905 (22.6)
Exchange variation About Purchase Itaipu Electric Power   (632) 9,776  - 574   13,114 (95.6)
Interest on taxes to be compensated 8,334   16,238 (48.7)   18,442   33,553 (45.0)
Income and monetary restatement of judicial deposits 7,090   12,298 (42.3)   16,257   28,277 (42.5)
Other financial revenues 7,918   38,943 (79.7)   24,704   62,879 (60.7)
(-) Pis/Pasep and Cofins on revenues  (11,431)  (11,013) 3.8  (21,191)  (19,490) 8.7
Financial Expenses            
Monetary variation, foreign exchange and debt service charges   (405,671)   (445,134)   (8.9)   (832,692)   (912,083)   (8.7)
Monetary variation and adjustment to present value of accounts payable related to concession  (39,786)  (32,958)  20.7  (72,185)  (67,783) 6.5
Exchange variation About Purchase Itaipu Electric Power  (11,873)   (899)  -  (14,326)   (1,712)  -
Pis/ Pasep and Cofins taxes over interest on equity  (22,262)   (1,258)  -  (27,812)   (1,258)  -
Income from sectorial assets and liabilities  (28,598)   (1,324)  -  (33,027)   (2,929)  -
Interest on R&D and PEE   (5,882)   (6,492)   (9.4)  (11,115)  (13,551) (18.0)
Interest on tax installments   (6,913)  (10,318) (33.0)  (14,463)  (20,879) (30.7)
Interest on lease liabilities   (7,692)   (6,239)  23.3  (14,780)  (11,642)  27.0
Monetary variation of litigation  (14,620)   -  -  (31,346)   -  -
Other financial expenses  (17,019)   (6,826)   149.3  (27,421)  (15,422)  77.8
Uptade of provision for allocation of Pis and Cofins credits   (3,745)  (35,816) (89.5)   (4,729)  (61,492) (92.3)
Financial income (expenses) (289,685) (247,245) 17.2 (557,859) (576,479)  (3.2)
   

RESULTS | 2Q24

29

 
 

 

Exhibit I - CONSOLIDATED RESULTS > EQUITY IN EARNINGS OF SUBSIDIARIES AND INDICATORS
                R$'000
Variation in Equity in earnings of subsidiaries   2Q24 2Q23 Δ% 1H24 1H23 Δ%
Joint Ventures      76,554 67,129 14.0 154,021 166,024  (7.2)
Voltalia São Miguel do Gostoso I Participações S.A.      (607)   (1,284) (52.7)  (4,845)  (2,525)  91.9
Caiuá Transmissora de Energia S.A.      2,996 2,675  12.0   6,413   6,731   (4.7)
Integração Maranhense Transmissora de Energia S.A.      4,773 5,381 (11.3)   9,764 14,831 (34.2)
Matrinchã Transmissora de Energia (TP NORTE) S.A.     24,973  18,823  32.7 47,347 45,772 3.4
Guaraciaba Transmissora de Energia (TP SUL) S.A.      9,629 7,299  31.9 22,535 19,391  16.2
Paranaíba Transmissora de Energia S.A.      7,408  14,271 (48.1) 15,394 23,623 (34.8)
Mata de Santa Genebra Transmissão S.A.     16,874  10,737  57.2 34,377 33,045 4.0
Cantareira Transmissora de Energia S.A.     10,481 9,112  15.0 22,957 24,928   (7.9)
Solar Paraná     27 115 (76.5) 79  228 (65.4)
Associates     3,991   5,616  (28.9)  8,167   10,809   (24.4)
Dona Francisca Energética S.A.      1,042 1,485 (29.8)   2,522 2,518 0.2
Foz do Chopim Energética Ltda.      2,949 4,132 (28.6)   5,647   8,293 (31.9)
Others ¹     -   (1)  (100.0)  (2)  (2)  -
 TOTAL        80,545 72,745 10.7 162,188 176,833  (8.3)
1 Includes Carbocampel S.A.          
                 
                R$'000
Main Indicators -Associates  Jun-24         Dona Francisca Foz do Chopim
Total assets             174,450     44,020
Shareholder’s equity¹             144,738     42,338
Net operating revenue            33,301     22,295
Net Income            10,951     15,792
Participation in the enterprise - %             23.0     35.8
Investment book value            33,334     15,142
                R$'000
Main Indicators -Joint ventures
Jun-24
Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
Total assets  230,022  341,710  611,297 2,981,351   1,632,928   2,073,187   3,709,408   1,854,677
Shareholder’s equity¹  229,873  276,136  426,047 2,064,230   1,050,243   1,247,864   1,382,080   973,526
Net operating revenue  -  18,786  31,204 163,357  89,499   120,279   217,623  92,777
Net Income  (9,987)  13,089  19,925   96,622  45,991  62,833  68,617  46,851
Participation in the enterprise - %  49.0   49.0   49.0 49.0   49.0   24.5   50.1   49.0
Investment book value  112,639  135,306  208,763 1,011,472   514,618   305,727   692,421   477,028
Note: Income from Transmitters according to adjustments for the application of CPC 47 / IFRS 15 in the Corporate Statements.
   

RESULTS | 2Q24

30

 
 

 

Exhibit I - CONSOLIDATED RESULTS > SHARE CAPITAL
Share Capital -  As of June, 30,2024 *
                   Thousand shares 
Shareholders Common % Preferred "A" % Preferred "B" % Special ** TOTAL %
State of Paraná 358,563 27.6%  -   -  116,081 6.9%  <1  474,644 15.9%
BNDESPAR 131,162 10.1%  -   -  524,646 31.2%  -  655,808 22.0%
Free Floating 807,503 62.1%   695 22.2%  1,037,634 61.8%   -  1,845,832 61.9%
B3   788,689 60.7% 695 22.2%   946,399 56.4%   - 1,735,783 58.2%
NYSE 18,605 1.4%  -   -  89,498 5.3%  -   108,103 3.6%
LATIBEX   208 0.0%  -   - 1,737 0.1%  - 1,945 0.1%
Other  3,120 0.2%   2,433 77.8%   974 0.1%   -   6,527 0.2%
TOTAL 1,300,347 100%   3,128 100%  1,679,335 100%  <1  2,982,810 100%
* The 209th Extraordinary General Assembly approved the undoing of the UNITS Program, ending in December/23.
** State of Paraná has a special class preferred share with veto power as established in the Statute.

 

 

   

RESULTS | 2Q24

31

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL GET (CONSOLIDATED)
        R$'000
Income Statement 2Q24 2Q23 Δ% 1H24 1H23 Δ%
OPERATING REVENUES 1,085,417 1,192,037  (8.9) 2,214,417 2,537,896   (12.7)
 Electricity sales to final customers   - 9   - - -  - 
 Electricity sales to distributors    815,440  938,402  (13.1)  1,662,648  1,946,084  (14.6)
 Use of the main transmission grid   243,224  212,736 14.3  503,860  505,775 (0.4)
 Construction revenue  18,975 33,202  (42.9) 29,874 71,594  (58.3)
 Other operating revenues    7,778   7,688   1.2 18,035 14,443 24.9
OPERATING COSTS AND EXPENSES (624,035) (706,883)   (11.7) (1,263,084) (1,340,181)  (5.8)
 Electricity purchased for resale    (15,810)   (53,956)  (70.7)   (45,640)   (71,973)  (36.6)
 Charges of main distribution and transmission grid  (148,408) (153,178) (3.1) (294,888) (295,796) (0.3)
 Personnel and management    (95,003)   (95,846) (0.9) (190,755) (225,839)  (15.5)
 Pension and healthcare plans    (20,423)   (20,610) (0.9)   (41,431)   (40,867)   1.4
 Materials and supplies    (4,577)  (4,630) (1.1)  (8,527)  (8,924) (4.4)
 Materials and supplies for power eletricity  0  (4,281)   - (936)   (10,997)  (91.5)
 Third-party services    (68,611)   (71,128) (3.5) (133,523) (134,178) (0.5)
 Depreciation and amortization  (206,559) (209,008) (1.2) (420,055) (405,563)   3.6
 Provisions and reversals   (9,582)   (11,880)  (19.3)  (6,138) 20,685   -
 Construction cost    (17,378)   (25,590)  (32.1)   (25,554)   (61,603)  (58.5)
 Other cost and expenses    (37,683)   (56,776)  (33.6)   (95,637) (105,126) (9.0)
EQUITY IN EARNINGS OF SUBSIDIARIES  80,080  72,427  10.6   164,433   176,613  (6.9)
PROFIT BEFORE FINANCIAL RESULTS AND TAXES   541,462   557,581  (2.9)   1,115,766   1,374,328   (18.8)
FINANCIAL RESULTS (146,397) (200,394)   (26.9) (313,332) (420,584)   (25.5)
 Financial income  88,531 88,591 (0.1)  169,059  172,383 (1.9)
 Financial expenses  (234,928) (288,985)  (18.7) (482,391) (592,967)  (18.6)
OPERATIONAL EXPENSES/ INCOME   395,065   357,187  10.6   802,434   953,744   (15.9)
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT   (29,980) (101,826)   (70.6) (130,782) (264,770)   (50.6)
 Income tax and social contribution on profit    (33,848) (116,033)  (70.8) (114,413) (220,578)  (48.1)
 Deferred income tax and social contribution on profit    3,868 14,207  (72.8)   (16,369)   (44,192)  (63.0)
NET INCOME continuing operations   365,085   255,361  43.0   671,652   688,974  (2.5)
NET INCOME discontinued operations   (15,598) (175,653)   (91.1)   (30,381) (196,305)   (84.5)
NET INCOME    349,487  79,708   -   641,271   492,669  30.2
Attributed to shareholders of the parent company - continuing operations  369,326  262,035 40.9  680,008  696,160 (2.3)
Attributed to the controlling company's shareholders - discontinued operations   (12,081) (111,039) -   (23,590)  123,927 -
Attributed to non-controlling shareholders  (7,758)   (71,288)  (89.1)   (15,147)   (79,564)  (81.0)
EBITDA continuing operations  748,021  766,589  (2.4)  1,535,821  1,779,891   (13.7)
   

RESULTS | 2Q24

32

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS
        R$'000
Income Statement 2Q24 2Q23 Δ% 1H24 1H23 Δ%
OPERATING REVENUES   4,152,740   3,629,900  14.4   8,203,702   7,161,541  14.6
 Electricity sales to final customers    1,614,345  1,278,339 26.3  3,353,705  2,602,677 28.9
 Electricity sales to distributors   17,306 58,326  (70.3) 21,217 92,441  (77.0)
 Use of the main distribution grid   1,543,033  1,233,874 25.1  3,206,058  2,534,866 26.5
 Construction revenue   655,347  567,903 15.4  1,218,095  1,057,880 15.1
 Fair value of assets from the indemnity for the concession  13,307   7,880 68.9 32,277 33,615 (4.0)
 Sectorial assets and liabilities result   199,893  362,226  (44.8)  145,476  606,452  (76.0)
 Other operating revenues   109,509  121,352 (9.8) 22,684  233,610  (90.3)
OPERATING COSTS AND EXPENSES (3,713,158) (3,320,744)  11.8 (7,269,861) (6,559,513)  10.8
 Electricity purchased for resale  (1,672,490) (1,496,129) 11.8 (3,312,163) (2,960,886) 11.9
 Charges of main transmission grid  (724,630) (615,533) 17.7 (1,437,765) (1,240,661) 15.9
 Personnel and management  (168,358) (177,637) (5.2) (348,215) (438,449)  (20.6)
 Pension and healthcare plans    (43,135)   (42,159)   2.3   (87,999)   (83,704)   5.1
 Materials and supplies     (16,675)   (15,753)   5.9   (30,617)   (31,713) (3.5)
 Third-party services  (169,585) (149,079) 13.8 (331,284) (304,255)   8.9
 Depreciation and amortization  (139,853) (128,816)   8.6 (281,343) (253,179) 11.1
 Provisions and reversals    (60,019)   (59,687)   0.6 (141,211)   (77,297) 82.7
 Construction cost  (655,347) (567,903) 15.4 (1,218,095) (1,057,880) 15.1
 Other cost and expenses    (63,066)   (68,047) (7.3)   (81,169) (111,489)  (27.2)
PROFIT BEFORE FINANCIAL RESULTS AND TAXES   439,582   309,157  42.2   933,841   602,028  55.1
FINANCIAL RESULTS (135,269)   (93,260)  45.0 (278,586) (205,795) 35.4
 Financial income   120,457  138,693  (13.1)  204,906  254,313  (19.4)
 Financial expenses  (255,726) (231,953) 10.2 (483,492) (460,108)   5.1
OPERATIONAL EXPENSES/ INCOME   304,313   215,897  41.0   655,255   396,233 65.4
INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT   (96,408)   (54,368) 77.3 (205,470)   (95,013)  116.3
 Income tax and social contribution on profit  53,350   (50,294)  - -   (76,614)   -
 Deferred income tax and social contribution on profit  (149,758)  (4,073) - (205,470)   (18,399)   -
NET INCOME (LOSS)   207,905   161,530  28.7   449,785   301,220 49.3
EBITDA  579,436  437,974 32.3  1,215,183  855,207 42.1
   

RESULTS | 2Q24

33

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL DIS
        R$'000
OPERATING REVENUE 2Q24 2Q23 Δ% 1H24 1H23 Δ%
Electricity sales to final customers 1,921,474 1,491,588  28.8   4,015,104   3,070,825  30.7
 Residential    878,605   650,862 35.0   1,869,684   1,350,116 38.5
 Industrial    181,577   172,311   5.4  353,781   335,035   5.6
 Commercial, service and other activities    455,722   354,754 28.5  954,547   739,066 29.2
 Rural    205,910   148,947 38.2  431,760   318,899 35.4
 Public Sector   74,366  53,659 38.6  148,965   106,634 39.7
 Street lightining   45,356  42,907   5.7 91,519  85,295   7.3
 Public Service   79,938  68,148 17.3  164,848   135,780 21.4
Donations and subsidies 286,103 233,945  22.3   543,334   424,777  27.9
Electricity sales to distributors    18,319   60,863   (69.9)  22,743   96,536   (76.4)
 Bilateral contracts  6,153 5,658   8.7 12,403  10,220 21.4
 Electricity Trading Chamber - CCEE   12,166  55,205  (78.0) 10,340  86,316   -
Use of the main distribution grid 2,912,381 2,434,537  19.6   5,954,739   4,727,185  26.0
 Residential    944,563   762,696 23.8   2,005,660   1,504,958 33.3
 Industrial    324,910   288,885 12.5  626,699   455,972 37.4
 Commercial, service and other activities    540,627   451,875 19.6   1,123,573   866,825 29.6
 Rural    227,219   181,202 25.4  471,549   375,732 25.5
 Public Sector   83,406  64,845 28.6  166,049   125,423 32.4
 Street lightining   49,855  50,460 (1.2)  100,008  97,835   2.2
 Public Service   66,557  60,403 10.2  136,884   114,702 19.3
 Free Market    635,764   544,375 16.8   1,245,095   1,124,600 10.7
 Dealers and generators   39,480  29,796 32.5 79,222  61,138 29.6
Construction Revenue 655,347 567,903  15.4   1,218,095   1,057,880  15.1
Fair value of assets from the indemnity for the concession   13,307  7,880  68.9  32,277   33,614  (4.0)
Sectorial assets and liabilities result 220,268 399,147   (44.8)   160,304   668,267   (76.0)
Other operating income 120,026 133,732   (10.2)   249,997   258,394  (3.2)
 Leases and rentals    122,891   112,895   8.9  241,199   225,753   6.8
 Income from the provision of services    72 4,257   -   1,754 5,752  (69.5)
 Other income    (2,937)  16,580   -   7,044  26,889  (73.8)
RECEITA OPERACIONAL BRUTA 6,147,225 5,329,595  15.3 12,196,593 10,337,478  18.0
(-) Tributos e deduções  (1,994,485)  (1,699,694)  17.3 (3,992,891) (3,175,937)  25.7
 (-) PIS/PASEP e COFINS   (429,826)  (378,212) 13.6 (862,139) (754,443) 14.3
 (-) ICMS   (824,833)  (635,690) 29.8 (1,641,458) (1,063,154) 54.4
 (-) Encargos Setoriais   (739,826)  (685,793)   7.9 (1,489,294) (1,358,327)   9.6
 (-) ISS   -  -   -  - (13)   (100.0)
NET OPERATING REVENUES  4,152,740  3,629,900 14.4 8,203,702 7,161,541 14.6
   

RESULTS | 2Q24

34

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > COPEL COM (MERCADO LIVRE)
        R$'000
Income Statement 2Q24 2Q23 Δ% 1H24 1H23 Δ%
 OPERATING REVENUES    829,344   915,223  (9.4)   1,688,995   2,031,875   (16.9)
 Electricity sales to final customers    465,499  547,594  (15.0)  931,968  1,127,801  (17.4)
 Electricity sales to distributors    363,523  389,430 (6.7)  756,276  868,733  (12.9)
 Other operating revenues    322   (21,801) -   751 35,341  (97.9)
 OPERATING COSTS AND EXPENSES  (825,946) (905,322)  (8.8) (1,668,215) (1,923,546)   (13.3)
 Electricity purchased for resale  (817,736) (897,232) (8.9) (1,651,299) (1,906,014)  (13.4)
 Personnel and management   (3,895)  (3,641)   7.0  (7,561)  (9,112)  (17.0)
 Pension and healthcare plans  (441) (471) (6.3) (892) (981) (9.0)
 Materials and supplies     (17)   (24)  (30.6)   (34)   (33)   3.6
 Third-party services   (1,661)  (1,638)   1.4  (2,406)  (2,140) 12.4
 Depreciation and amortization  (430) (416)   3.4 (870)  (1,130)  (23.0)
 Provisions and reversals   (1,368) (784) 74.5  (2,589)  (1,249)  107.3
 Other cost and expenses  (397)  (1,115)  (64.4)  (2,563)  (2,887)  (11.2)
 PROFIT BEFORE FINANCIAL RESULTS AND TAXES  3,398 9,901   (65.7)  20,780   108,329   (80.8)
 FINANCIAL RESULTS   10,336 9,338  10.7  19,298  17,885 7.9
 Financial income  10,406   9,406 10.6 19,435 18,037   7.8
 Financial expenses    (70)   (68)   3.1 (137) (152) (9.8)
 OPERATIONAL EXPENSES/ INCOME   13,734  19,239   (28.6)  40,078   126,214   (68.2)
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT   (4,529)  (1,905)   137.8   (13,313)   (38,376)   (65.3)
 Income tax and social contribution on profit    (15,209)  (6,778)  124.4   (27,830)   (20,416) 36.3
 Deferred income tax and social contribution on profit  10,680   4,873  119.2 14,517   (17,960) -
 NET INCOME (LOSS)  9,205  17,334   (46.9)  26,765  87,838   (69.5)
EBITDA 3,828  10,317   (62.9)  21,650   109,459   (80.2)
   

RESULTS | 2Q24

35

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > INCOME STATEMENT FOR THE QUARTER BY COMPANY
R$'000
 Income Statement 2Q24   GET   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   C. Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Elimination   Consolidated 
 Geração   Transmissão 
 NET OPERATING INCOME   517,832  251,096   4,152,740   5,264 23,266 -   173   181,255   123,305   8,580 20,416   829,345 -   (634,005) 5,479,266
 Electricity sales to final customers    -   -   1,614,345 - - - - - - - -   465,500 - (376)  2,079,469
 Electricity sales to distributors   502,890   -  17,305 -  23,042 - -   180,669   123,302   8,580 -   363,523 - (492,704) 726,606
 Use of the main distribution and transmission grid (TUSD/ TUST)    -  224,387   1,543,034 - - - - - - -  21,403 - - (120,896)  1,667,928
 Construction revenue    - 19,969   655,347   5,264 - - - - - -  (994) - -  (5,264) 674,322
 Fair value of assets from the indemnity for the concession    -   -  13,307 - - - - - - - - - -   -   13,307
 Distribution of piped gas    -   - - - - - - - - - - - -   -  -
 Sectoral assets and liabilities result    -   -   199,893 - - - - - - - - - -   - 199,893
 Other operating revenues  14,942   6,740   109,509 -   224 -   173   586   2 -   7   323 -   (14,766) 117,741
 OPERATING COSTS AND EXPENSES    (299,576)  (90,278) (3,713,155) (187,878)   (22,690)   (22,520)  (1,359) (145,944)   (93,914)  (4,454)  (1,281) (825,946)   (52,059)  849,475   (4,611,582)
 Energy purchased for resale    (1,729)   -  (1,672,490) - (28) - - (12,720)  (953)  (408) -  (817,736) -  493,130 (2,012,934)
 Charges of the main distribution and transmission grid    (93,329)   -  (724,630) -  (6,300)  (9,362) - (16,562) (40,545)  (344) - - -  130,785   (760,284)
 Personnel and management    (52,569)   (37,705)  (168,357) (12,968)  (1,477)  (1,674) (43)  (3,854)  (549)  (146)  (178)  (3,895) (16,051) 14,642   (284,823)
 Private pension and health plans     (11,503)  (8,210) (43,135)  (1,523) (42)  (174)  (7)  (578) (83) (22) (26)  (440)  (2,674)   1,697  (66,721)
 Materials and supplies   (2,388) (970) (16,675)   242 (11) (13)  (0)  (826)  (335) (19) (41) (17)  (408) (229)  (21,691)
 Materials and supplies for power eletricity    -   - - - -  (518) - - - - - - -  518  -
 Natural gas and supplies for gas business    -   - -  (146,628) - - - - - - - - -  146,628  -
 Third-party services    (23,173)   (12,608)  (169,584)  (5,048)  (4,243)  (4,856)  (837) (32,517)  (9,263)  (748)  (1,721)  (1,661) (10,030) 22,323   (253,965)
 Depreciation and amortization    (91,530)  (3,774)  (139,853) (11,125)  (8,031)  (5,158)  (480) (69,096) (31,955)  (2,846) (11)  (430)  (798)   8,933   (356,155)
 Provisions and reversals   (8,502)  (6,273) (60,018)  (2,247) -  (1) -  (118)   0   241  (7)  (1,368) (18,637) 23,375  (73,555)
 Construction cost    -   (18,372)  (655,347)  (5,264) - - - - - -   994 - -   5,264   (672,725)
 Other operating costs and expenses    (14,853)  (2,366) (63,067)  (3,317)  (2,558)  (764)   8  (9,674) (10,233)  (162)  (290)  (398)  (3,459)   2,409   (108,729)
 EQUITY IN EARNINGS OF SUBSIDIARIES  17,610  100,121 - - - - -  (1,383) - - - -   586,192   (621,994)   80,545
 EARNINGS BEFORE INCOME TAXES   235,866  260,939   439,585 19,858   576   (22,520)  (1,186) 33,929 29,390   4,126 19,135   3,399   534,133   (608,996) 948,229
 FINANCIAL RESULTS   (75,560)  (51,717) (135,269)   6,469   (34,325)  (2,474)   512   (29,626)   8,125   1,093   1,966 10,336 16,966 (6,185)  (289,685)
 Financial income  28,481 17,821   120,457  19,670   4,131   406   629  31,124   8,268   1,036   2,481  10,406  52,035   (22,570) 274,376
 Financial expenses  (104,041)   (69,538)  (255,726) (13,201) (38,456)  (2,880)  (117) (60,750)  (143)  57  (515) (70) (35,068) 16,385   (564,061)
 OPERATIONAL EXPENSES / INCOME   160,306  209,222   304,316 26,327   (33,750)   (24,994) (674)   4,303 37,515   5,219 21,101 13,735   551,099   (615,182) 658,544
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT  (1,300)  1,100   (96,409)  (9,142) 11,078 - (217)   (15,611)   (12,748) (621)  (1,507)  (4,530)   (75,421)  9,849  (195,479)
NET INCOME continuing operations  159,006  210,322   207,907 17,186   (22,672)   (24,994) (891)   (11,309) 24,768   4,598 19,594   9,205   475,678   (605,333) 463,065
NET INCOME discontinued operations  (12,081)   - - - - - - - - - - -  (3,599) 26,189   10,509
NET INCOME  146,925  210,322   207,907 17,186   (22,672)   (24,994) (891)   (11,309) 24,768   4,598 19,594   9,205   472,079   (579,144) 473,574
Attributed to shareholders of the parent company - continuing operations  159,005  210,322   207,907 - (15,870) -  (891) (11,309)  24,768   4,598  19,594   9,205   463,597 (595,244) 475,681
Attributed to the controlling company's shareholders - discontinued operations   (12,080)   - -   8,765 - (20,295) - - - - - -   8,483 11,529 (3,599)
Attributed to non-controlling shareholders  - continuing operations   -   - - -  (6,803) - - - - - - - -   - (6,803)
Attributed to non-controlling shareholders  - discontinued operations   -   - -   8,421 -  (4,699) - - - - - - -   4,573  8,295
EBITDA continuing operations 327,396 264,713  579,437 30,983 8,607  (17,362)  (706)  103,025 61,345 6,972 19,146 3,829  534,931  (617,930)   1,304,384
                               
R$'000
 Income Statement 2Q23   GET   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   C. Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Elimination   Consolidated 
 Geração   Transmissão 
 NET OPERATING INCOME   562,635  244,823   3,629,900   259,932 34,222  -  -   206,235   177,682   7,868   9,967   915,223  -   (948,265) 5,100,224
 Electricity sales to final customers  - -   1,278,340  -  -  -  -  -  -   9  -   547,594  - (362)  1,825,581
 Electricity sales to distributors   547,537 -  58,326  -  33,986  -  -   205,659   177,679   7,859  -   389,430  - (573,030) 847,446
 Use of the main distribution and transmission grid (TUSD/ TUST)  -  205,379   1,233,874  -  -  -  -  -  -  -   9,800  -  -   (99,810)  1,349,244
 Construction revenue  - 33,042   567,903   2,932  -  -  -  -  -  -   160  -  -  (2,932) 601,105
 Fair value of assets from the indemnity for the concession  - -   7,881  -  -  -  -  -  -  -  -  -  - -  7,881
 Distribution of piped gas  - -  -   257,000  -  -  -  -  -  -  -  -  - (257,000)   -
 Sectoral assets and liabilities result  - -   362,227  -  -  -  -  -  -  -  -  -  - - 362,227
 Other operating revenues  15,098   6,402   121,349  -   236  -  -   576   3  -   7 (21,801)  -   (15,130) 106,740
 OPERATING COSTS AND EXPENSES    (354,953)  (97,536) (3,320,743) (208,133)   (23,093) (172,927) (523) (141,491) (111,439)  (4,788)  (2,430) (905,322)  (5,651)  1,041,970   (4,307,060)
 Energy purchased for resale     (26,242) -  (1,496,129)  -  (520)  -  -  (5,663) (22,252)  (138)  -  (897,232)  -  570,583 (1,877,592)
 Charges of the main distribution and transmission grid    (99,879) -  (615,533)  -  (5,765)  (8,709)  - (15,906) (39,371)  (323)  -  -  -  108,309   (677,178)
 Personnel and management    (53,214)   (37,922)  (177,637)  (9,300)  (1,334)  (1,566)  -  (3,559)  (623)  (302)  (222)  (3,641) (11,390) 10,863   (289,847)
 Private pension and health plans     (11,777)  (8,203) (42,159)  (1,451) (40)  (166)  -  (488) (88) (23) (31)  (471)  (2,338)   1,616  (65,618)
 Materials   (2,348)  (1,399) (15,753)  (249) (38) (18)  -  (178)  (611)  (3) (89) (24)  (103)  266  (20,547)
 Raw material and supplies - energy production    (3,763) -  -  -  -  (437)  -  -  -  -  -  -  -  437 (3,763)
 Natural gas and supplies for gas business  - -  -  (186,424)  -  -  -  -  -  -  -  -  -  186,424   -
 Third-party services    (23,585)  (8,536)  (149,080)  (3,082)  (4,701)  (5,245) (78) (38,381)  (9,594)  (828)  (1,607)  (1,639)  (5,100) 21,220   (230,236)
 Depreciation and amortization    (94,660)  (3,858)  (128,816)  (3,860)  (8,473)  (5,722)  (573) (65,032) (31,899)  (2,822) (11)  (416)  (753)  (1,144)   (348,040)
 Provisions and reversals    (10,396)  (7,116) (59,687)   233  -  (150,469)  -  (164)  (2)  -  (4)  (784)  14,138  139,562  (74,689)
 Construction cost  -   (25,430)  (567,903)  (2,932)  -  -  -  -  -  -  (160)  -  -   2,933   (593,493)
 Other operating costs and expenses    (29,089)  (5,073) (68,046)  (1,067)  (2,222)  (595)   128 (12,121)  (6,999)  (349)  (307)  (1,115)  (105)  904   (126,057)
 EQUITY IN EARNINGS OF SUBSIDIARIES  67,526 74,806  -  -  -  -  -   6,512  -  -  -  -   441,152   (517,251)   72,745
 EARNINGS BEFORE INCOME TAXES   275,208  222,093   309,157 51,799 11,129 (172,927) (523) 71,256 66,243   3,080   7,537   9,901   435,501   (423,545) 865,908
 FINANCIAL RESULTS    (104,819)  (70,459)   (93,260) (424) 22,860   4,210 (337)   (31,300)   6,069  (1,646)   1,758   9,338 14,546 (3,782)  (247,245)
 Financial income  29,558 16,054   138,693   7,452  54,776   5,843   103  35,954   6,228  (1,646)   2,444   9,406  18,212   (23,058) 300,019
 Financial expenses  (134,377)   (86,512)  (231,953)  (7,876) (31,916)  (1,633)  (440) (67,253)  (159)  (0)  (685) (68)  (3,667) 19,276   (547,264)
 OPERATIONAL EXPENSES / INCOME   170,389  151,634   215,897 51,375 33,989 (168,717) (860) 39,956 72,312   1,434   9,295 19,239   450,046   (427,326) 618,664
 INCOME TAX AND SOCIAL CONTRIBUTION ON PROFIT   (34,259)  (25,732)   (54,367)   (17,110)  (9,315)   (13,614)  -   (17,510)   (24,243) (535)  (1,158)  (1,905)  (1,677) 32,335  (169,089)
NET INCOME continuing operations  136,130  125,902   161,530 34,265 24,674 (182,331) (860) 22,446 48,069   900   8,137 17,334   448,369   (394,990) 449,575
NET INCOME discontinued operations   (111,039) -  -  -  -  -  -  -  -  -  -  - (130,577) 99,747  (141,869)
NET INCOME 25,091  125,902   161,530 34,265 24,674 (182,331) (860) 22,446 48,069   900   8,137 17,334   317,792   (295,243) 307,706
Attributed to shareholders of the parent company - continuing operations  136,131  125,902   161,530  -  17,272  -  (860)  22,446  48,069   900   8,137  17,334   337,330 (425,821) 448,369
Attributed to the controlling company's shareholders - discontinued operations (111,040) -  -  17,475  -  (148,053)  -  -  -  -  -  - (19,538)  130,578   (130,577)
Attributed to non-controlling shareholders  - continuing operations - -  -  -   7,402  -  -  -  -  -  -  -  - -  7,402
Attributed to non-controlling shareholders  - discontinued operations - -  -  16,790  - (34,278)  -  -  -  -  -  -  - -  (17,488)
EBITDA continuing operations 369,868 225,950  437,973 55,659 19,602   (167,205)   50  136,288 98,142 5,902 7,548 10,317  436,254  (422,400)   1,213,949
   

RESULTS | 2Q24

36

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > ASSETS BY COMPANY
                            R$'000
 Assets - June -2024   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
CURRENT 3,597,477   6,907,884   240,920   182,323 17,584 53,406   1,009,913   225,429 47,011 83,122   805,103   4,273,729 (1,919,065) 15,524,849
 Cash and cash equivalents   2,052,223   2,198,544  21,476   138,714   639  47,090   868,061   163,953  41,469  55,698   326,002   1,438,993 (22,128)   7,330,747
 Bonds and securities      2,213 - - -   794 - - - -   2,611  91 -   5,709
 Collaterals and escrow accounts   -   9   258 - - - - - - - - -  (258)   9
 Customers   370,577   2,917,523  92,185  20,160 -   179   100,285  57,841   4,724   8,876   312,065 -  (290,784)   3,593,631
 Dividends receivable    98,439 - - - - -   305 - - - -   2,144,127  (2,179,091)  63,780
 Sectorial financial assets    - - -   - - - - - - - - -
 Account receivable related to concession    10,855 - - - - - - - - - - - -  10,855
 Contract Assets  253,049 - - - - - - - -  16,607 - - -   269,656
 Other current receivables  101,512   464,417  61,246   9,729  66   3,077   6,383   1,718   7   571   141,678   2,932 (75,917)   717,419
 Inventories    36,268   118,213   5,699   1,275 - -   4,375 - -   205 - -  (5,699)   160,336
 Income tax and social contribution  106,219  68,656   3,534  11,976  14,672   2,117  21,448   549   569   978  14,313   152,186 (18,206)   379,011
 Other current recoverable taxes    23,731   1,092,372  56,347 -   2,207 -   105   1,181  21 -   8,119 - (58,551)   1,125,532
 Prepaid expenses   7,441  37,183   175   469 -   149   6,281   187   221   187   295   1,375  (175)  53,788
 Related parties    22,599   8,754 - - - -   2,670 - - -  20  52,314 (85,523)   834
 Assets held for sale  514,564 - - - - - - - - - -   481,711   817,267   1,813,542
NON-CURRENT   20,194,071 16,657,206   788,275   601,097   376,527   101,815   7,945,608   397,294   190,362   493,969   499,082 21,188,354   (28,344,149) 41,089,511
Long Term Assets 5,838,077   7,554,674 85,553 96,875 98,102 15,283   641,917 22,282   1   493,678   488,785   470,303 (521,513) 15,284,017
 Bonds and securities  142,638   634 - - - -   316,692  17,125 -   4,604 - - -   481,693
 Other temporary investments   - - - - -  14,646 - - - - -  30,920 -  45,566
 Customers    -  91,396 - - - - - - - - - - -  91,396
 Judicial deposits    44,988   195,754   277 -  38  72  86 - - -  15,554   132,851  (311)   389,309
 Sectoral financial assets   -  72,043 - -   - - - - - - - -  72,043
 Account receivable related to concession  873,224   2,230,475 - - - - - - - - - - -   3,103,699
 Contract Assets   4,664,346   2,186,745  56,069 - - - - - -   488,662 - - (63,168)   7,332,654
 Other non-current receivables    30,262  41,919  29,207   2,508 - - -   4,011 -   412   473,160  19 (29,204)   552,294
 Income tax and social contribution  515  60,845 -   704 - - - - - -  71 - -  62,135
 Deferred income tax and social contribution    -   1,119,201 -  87,812  73,066 - - - - - -   264,907 (73,066)   1,471,920
 Other non-current recoverable taxes    82,104   1,555,662 - -  24,998   565   222   1,146   1 - -  41,606 (24,996)   1,681,308
 Related parties   - - -   5,851 - -   324,917 - - - - -  (330,768) -
 Investments  8,429,834   442 - - - -   2,714,439 - - - - 20,695,601   (28,317,838)   3,522,478
 Property, plant and equipment, net  4,883,315 -   405   324,558   278,410 82,142   4,538,748   317,286   185,431   238   747   8,098 (278,814) 10,340,564
 Intangible assets  959,093   8,930,332   682,954   178,962  15   772   7,548 57,686   4,930  53   5,371   7,192   793,381 11,628,289
 Right to use an asset    83,752   171,758 19,363   702 -   3,618 42,956  40 - -   4,179   7,160   (19,365)   314,163
TOTAL  23,791,548   23,565,090  1,029,195  783,420  394,111  155,221  8,955,521  622,723  237,373  577,091  1,304,185   25,462,083 (30,263,214)   56,614,360
                             
                             
 Assets - December 2023   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
CURRENT 2,483,103   5,153,666   240,017   209,323 36,580 13,598   1,008,543   442,162 38,993   110,409   1,074,359   4,820,021 (1,915,044) 13,715,730
 Cash and cash equivalents   1,008,767   626,708   101,437   166,544  22,354   3,290   831,553   353,241  34,999  83,343   294,762   2,231,413  (123,788)   5,634,623
 Bonds and securities   - - - - -   4,670 - - - - -  93 -   4,763
 Collaterals and escrow accounts   -   9   211 - - - - - - - - -  (211)   9
 Customers   425,448   2,973,010  83,153  21,157 - -   115,672  84,309   3,074   7,976   382,264 -  (334,893)   3,761,170
 Dividends receivable  212,944 - - - - -  19,883 - - - -   1,942,406  (2,079,664)  95,569
 Sectorial financial assets   -  15,473 - - - - - - - - - - -  15,473
 Account receivable related to concession   9,354 - - - - - - - - - - - -   9,354
 Contract Assets  268,260 - - - - - - - -  16,356 - - -   284,616
 Other current receivables  118,627   435,619  43,950   9,398   1   3,120   5,968   252 -   653   383,243   2,431 (53,530)   949,732
 Inventories    37,923   131,927   5,383   264 -  16   4,375  16 -   205 - -  (5,383)   174,726
 Income tax and social contribution  150,720   1,259   5,326  10,217  13,909   1,937  19,316   2,586   491   1,644  13,516   113,532 (19,235)   315,218
 Other current recoverable taxes    18,688   922,450   8 - -   565   102   1,180  23 -   333 -  (6)   943,343
 Prepaid expenses    11,334  37,807   549   1,743   316 -   8,631   578   406   232   241   1,897  (865)  62,869
 Related parties    24,474   9,404 - - - -   3,043 - - - -  54 (35,639)   1,336
NON-CURRENT 196,564 - - - - - - - - - -   528,195   738,170   1,462,929
Long Term Assets   20,868,273 16,677,461   783,607   594,827   386,787 49,078   8,125,742   452,885   196,589   491,174   750,631 20,538,876   (27,812,586) 42,103,344
 Bonds and securities   5,886,631   8,229,821  73,274  83,192  98,157   593   609,417  18,922   224   490,861   740,114   611,187  (498,956)  16,343,437
 Other temporary investments  136,591   1,005 - - - -   330,401  16,388 -   4,410   1,937 - -   490,732
 Customers    - - - - - - - - - - -  31,728 -  31,728
 Judicial deposits   -   105,259 - - - - - - - - - - -   105,259
 Sectoral financial assets    94,368   380,433  61 -  41   593  81 -   218 -  15,647   143,371  (101)   634,712
 Account receivable related to concession   -  15,473 - - - - - - - - - - -  15,473
 Contract Assets  855,222   1,954,679 - - - - - - - - - - -   2,809,901
 Other non-current receivables   4,639,497   2,201,958  44,039 - - - - - -   486,451 - - (51,500)   7,320,445
 Income tax and social contribution    81,646  44,839  29,174   2,507 - -  44   1,859 - -   722,423  18 (29,170)   853,340
 Deferred income tax and social contribution   508  66,123 -   1,301 - - - - - -  71 - -  68,003
 Other non-current recoverable taxes   -   1,324,670 -  73,533  73,066 - - - - - -   359,485 (73,066)   1,757,688
 Prepaid expenses    78,799   2,135,382 - -  25,050 -   178   675   6 -  36 41,078 (25,048)   2,256,156
 Related parties   - - -   5,851 - -   278,713 - - - - 35,507  (320,071) -
 Investments  8,629,485   443 - - - -   2,788,839 - - - - 19,906,237   (27,813,207)   3,511,797
 Property, plant and equipment, net  5,259,216 - -   326,291   288,602 43,881   4,676,981   318,527   191,085   247   770   8,424 (288,603) 10,825,421
 Intangible assets  1,028,600   8,317,327   699,697   184,539  28   911   7,267   115,436   5,280  66   5,784   6,336   798,818 11,170,089
 Right to use an asset    64,341   129,870 10,636   805 -   3,693 43,238 - - -   3,963   6,692   (10,638)   252,600
TOTAL  23,351,376   21,831,127  1,023,624  804,150  423,367 62,676  9,134,285  895,047  235,582  601,583  1,824,990   25,358,897 (29,727,630)   55,819,074
   

RESULTS | 2Q24

37

 
 

 

Exhibit II- RESULT BY SUBSIDIARY > LIABILITIES BY COMPANY
                            R$'000
 Liabilities - June -24   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
 CURRENT  3,569,741 6,265,115 260,338 108,534   51,887   16,084 532,775   72,404  1,388   9,878 715,317 415,873  (2,107,147) 9,912,187
 Social charges and accruals  255,627 536,259  9,924 514 703  -  2  -  - -  5,577   26,088 (10,627) 824,067
 Associated companies and parent company    5,800   11,814  -  -  -   50   27,990 632 168   204 361  1,913 (48,932)  -
 Suppliers  310,701  1,654,567   66,324  3,139  5,515   14,787   66,049   25,388 490   1,381 295,289  7,664  (279,520)  2,171,774
 Income Tax and Social Contribution payable   -  -   21 294  -   49   12,096   33,767 483   2,110  2,999  - (21)   51,798
 Other taxes   1,244 241,214   15,868 603 283 188  7,412  3,396 163   250   19,959 233 (16,151) 274,662
 Loans and financing  665,042 746,589  -  -  -  - 123,683  -  -   4,892  -  - -  1,540,206
 Debentures  596,949 670,551   93,231  -  - 781   51,389  -  - -  -  - (93,231)  1,319,670
 Dividends payable   1,529,433 310,904   68,746  -   45,386  -  7,852  -  - - 258,986  9,097   (2,221,307)  9,097
 Post employment benefits    24,834   67,011  -  -  -  -  -  -  - - 128  4,391 -   96,364
 Customer charges due    15,060   34,855  -  -  -  -  - 502  -   181  -  - -   50,598
 Research and development and energy efficiency    36,457 167,380  -  1,735  -  -  - 267  -   587  -  - - 206,426
 Payables related to concession    1,139  -  - 100,901  -  -  -  -  - -  -  - - 102,040
 Sectorial financial liabilities   -  1,617,748  -  -  -  -  -  -  - -  -  - -  1,617,748
 Other accounts payable   9,748   45,685  2,399 249  -   54 663   40  - - 136 346   (2,399)   56,921
 Other bills to pay    91,858 160,538  3,825  1,099  - 175 235,639  8,412   84   273 131,882 366,141   (3,819) 996,107
 PIS and Cofins to be refunded to consumers     -          -     -     -  -
 Provision for allocation of Pis and Cofins credits     -          -     -     -  -
 Provisions for litigation   -    -  -  -  -  -  -  - -  -  - -  -
 Liabilities associated with assets held for sale    25,849  -  -  -  -  -  -  -  - -  -  -   568,860 594,709
 NON-CURRENT  7,117,223   10,067,326 298,443 738,934   73,664   73,541 3,083,728   25,004  2,567 40,773 293,540 287,940 (434,192)   21,668,491
 Associated companies and parent company    -  -  -  -   52,838  - 312,185  -  - -  -  5,851  (370,874)  -
 Suppliers  130,695  -  -  -  -  -  -  -  - -  -  - - 130,695
 Deferred income tax and social contribution   1,245,295  -   19,058  1,365  - 146   25,560   16,313  1,041  17,387   95,219  -   267,307  1,688,691
 Tax liabilities   - 321,402   14,717  -  -  -  -  -  - -  -  - (14,715) 321,404
 Loans and financing   1,532,193  2,863  -  -  -  -  2,108,808  -  -  18,035  -  - -  3,661,899
 Debentures   3,191,501  6,355,489 165,666  -  -   69,673 466,430  -  - -  -  -  (165,666)   10,083,093
 Post-employment benefits  402,259 953,486  9,322  - 758  -  -  -  - -  3,670   47,018 (10,080)  1,406,433
 Research and development and energy efficiency   - 266,393  -  -  9,140  -  -  8,691  -   890  -  -   (9,140) 275,974
 Payables related to the concession    63,895  -  - 727,226  -  -  -  -  - -  -  - - 791,121
 Sectorial financial liabilities     -  -  -    -  -     -  -  - -  -
 Lease liability    79,819 137,117   18,615 494  -  3,722   45,920  -  - -  4,300  7,300 (18,615) 278,672
 Other payables    52,604  5,369   54,603  -  -  - 122,359  -  - - 189,652   45,107 (99,436) 370,258
 PIS/Cofins to be refunded to consumers     -          -     -     -  -
 Provision for allocation of PIS and COFINS     1,541,990          -     -        1,541,990
 Provisions for litigation  418,962 483,217   16,462  9,849   10,928  -  2,466  -  1,526   4,461 699 182,664 (12,973)  1,118,261
 EQUITY    13,104,584 7,232,649 470,414 (64,048) 268,560   65,596 5,339,018 525,315 233,418   526,440 295,328   24,758,270   (27,721,875)   25,033,682
 Attributable to controlling shareholders    13,104,584 7,232,649 470,414 (64,048) 268,560   65,596 5,339,018 525,315 233,418   526,440 295,328   24,758,270   (27,997,287)   24,758,270
 Capital   6,242,757  5,372,206 220,966   35,503 425,662   78,785  5,176,068 409,509 223,913   275,161 237,210   12,821,758 (18,697,753)   12,821,758
 Advance for Future Capital Increase               -     -        
 Capital reserves               -     -        
 Asset valuation adjustments  481,252   (163,951) 983  2,649 442 (1)  -  -  - - (1,097) 289,982  (320,277) 289,982
 Legal Reserves  961,538 335,200   44,193  -  -  -   54,684   58,164 703  27,949   28,071  1,625,628   (1,510,502)  1,625,628
 Profit retention reserve   4,745,688  1,239,409   68,141  -  -  - 443,457  -  -   186,658  4,377  9,000,506   (6,687,730)  9,000,506
 Additional proposed dividends   -  -  -  -  -  -  -  -  - -  -  - -  -
 Accumulated profit  673,349 449,785 136,131   (102,200)   (157,544)  (13,188)   (335,191)   57,642  8,802  36,672   26,767  1,020,396  (781,025)  1,020,396
 Attributable to noncontrolling interests   -  -  -  -  -  -  -  -  - -  -  -   275,412 275,412
 TOTAL  23,791,548 23,565,090   1,029,195 783,420 394,111 155,221   8,955,521 622,723 237,373  577,091   1,304,185 25,462,083 (30,263,214) 56,614,360
                             
                            R$'000
 Liabilities - December-23   Geração e Transmissão   Distribuição   Compagas   Elejor   UEG Araucária   Serviços   Wind Farms   FDA   Bela Vista   Costa Oeste, Marumbi, Uirapuru   Mercado Livre   Holding   Eliminations   Consolidated 
 CURRENT  2,929,672 5,490,743 206,137 109,350   49,797  4,033 549,114 218,002  3,601 22,804 932,237 857,164  (2,063,223) 9,309,433
 Social charges and accruals  290,601 597,160  9,452 369 702  -   64  -  - -  8,736   30,608 (10,154) 927,538
 Associated companies and parent company    5,967   11,950  -  -  -   54   30,356 865 238   286 379  1,841 (51,933)  -
 Suppliers  318,600  1,605,111   58,010  3,984  5,684  3,754   68,712   23,045 586   976 381,520  4,529  (320,085)  2,154,430
 Income Tax and Social Contribution payable   -  -   12,876 294  -  -  8,721 122,906 278   596  - 183 (12,876) 132,979
 Other taxes    57,245 253,336   13,463  1,057 277 208  8,611  4,871 501   264   19,508 474 (13,734) 346,083
 Loans and financing  174,260 375,135  -  -  -  - 120,930  -  -   5,656  -  - - 675,980
 Debentures  607,981 569,700   81,797  -  -  -   47,968  -  - -  -  - (81,797)  1,225,649
 Dividends payable   1,274,433 460,904   24,314  -   43,134  -   40,397   55,460  1,552  14,151 185,341 464,147   (2,099,687) 464,147
 Post employment benefits    22,124   59,742  -  -  -  -  -  -  - - 125  3,842 -   85,833
 Customer charges due    15,248   44,789  -  -  -  -  -  1,177  -   252  -  - -   61,466
 Research and development and energy efficiency    55,130 262,444  -  1,672  -  -  - 369  -   582  -  - - 320,196
 Payables related to concession    2,170  -  -   99,806  -  -  -  -  - -  -  - - 101,976
 Sectorial financial liabilities   - 476,103  -  -  -  -  -  -  - -  -  - - 476,103
 Other accounts payable   8,364   40,083  2,601 249  -   17 487  -  - - 137 405   (2,601)   49,742
 Other bills to pay    97,549 175,695  3,624  1,919  -  - 222,868  9,309 446  41 336,491   15,135   (3,620) 859,456
 PIS and Cofins to be refunded to consumers   - 558,591  -  -  -  -  -  -  - -  -  - - 558,591
 Provisions for litigation   -  -  -  -  -  -  -  -  - -  - 336,000 - 336,000
 Assets held for sale   -  -  -  -  -  -  -  -  - -  -  -   533,264 533,264
 NON-CURRENT  7,673,539 9,557,520 302,821 730,939   55,959  4,321 3,080,497   42,991  2,710 46,555 550,547 615,579 (346,004)   22,317,974
 Associated companies and parent company    -  -  -  -   35,616  - 265,157  -  - -  -  5,851  (306,624)  -
 Suppliers  131,143  -  -  -  -  -  -  -  - -  -  - - 131,143
 Deferred income tax and social contribution   1,207,009  -   21,319  1,465  -  -   24,244   35,267 865  18,733 109,736  -   268,156  1,686,793
 Tax liabilities    60,756 546,184  -  -  - 589  -  -  - - 534  4,030 - 612,093
 Loans and financing   2,106,275 375,585  -  -  -  -  2,164,987  -  -  20,390  -  - -  4,667,237
 Debentures   3,160,977  4,750,476 202,405  -  -  - 482,004  -  - -  -  -  (202,405)  8,393,457
 Post-employment benefits  398,594 948,724  8,608  - 718  -  -  -  - -  3,555   47,537   (9,326)  1,398,410
 Research and development and energy efficiency   - 224,996  -  -  8,690  -  -  7,724  -   757  -  -   (8,690) 233,478
 Payables related to the concession    62,990  -  - 728,889  -  -  -  -  - -  -  - - 791,879
 Sectorial financial liabilities   -   27,888  -  -  -  -  -  -  - -  -  - -   27,888
 Lease liability    60,761   99,138  8,972 585  -  3,732   45,781  -  - -  4,022  6,681   (8,972) 220,700
 Other payables    49,539  1,559   45,086  -  -  -   96,018  -  -  17 431,938   25,297 (70,384) 579,070
 PIS/Cofins to be refunded to consumers   - 173,135  -  -  -  -  -  -  - -  -  - - 173,135
 Provision for allocation of PIS and Cofins credits   -  1,909,775  -  -  -  -  -  -  - -  -  - -  1,909,775
 Provisions for litigation  435,495 500,060   16,431  -   10,935  -  2,306  -  1,845   6,658 762 526,183   (7,759)  1,492,916
 EQUITY    12,748,166 6,782,864 514,666 (36,139) 317,611   54,322 5,504,674 634,053 229,271   532,222 342,206   23,886,151   (27,318,403)   24,191,667
 Attributable to controlling shareholders    12,748,166 6,782,864 514,666 (36,139) 317,611   54,322 5,504,674 634,053 229,271   532,222 342,206   23,886,151   (27,623,917)   23,886,153
 Capital   6,242,757  5,372,206 220,966   35,503 425,662   16,685  5,157,938 409,509 223,913   275,161 237,210   12,821,758 (18,617,510)   12,821,758
 Advance for Future Capital Increase   -  -  -  -  -   48,950   17,681  -  - -  -  - (66,631)  -
 Capital reserves   -  -  -  -  -  -  -  -  - -  -  - -  -
 Equity valuation adjustments   498,183   (163,951) 983  2,844 442 (1)  -  -  - - (1,097) 307,049  (337,403) 307,050
 Legal Reserves  961,538 335,200   44,193  -  -  -   55,133   58,164 703  27,949   28,071  1,625,628   (1,510,951)  1,625,628
 Profit retention reserve   5,045,688  1,239,409 136,905  -  -  - 443,457  -  -   186,658  4,377  9,000,505   (7,056,494)  9,000,506
 Additional proposed dividends   -  -  -  -  -  - 117,100 166,380  4,655  42,454   73,645 131,211  (404,235) 131,211
 Accumulated profit   -  - 111,619  (74,486)   (108,493)  (11,312)   (286,635)  -  - -  -  -   369,307  -
 Attributable to noncontrolling interests   -  -  -  -  -  -  -  -  - -  -  -   305,514 305,514
 TOTAL  23,351,377 21,831,127   1,023,624 804,150 423,367   62,676   9,134,285 895,046 235,582  601,581   1,824,990 25,358,894 (29,727,630) 55,819,074
   

RESULTS | 2Q24

38

 
 

 

Exhibit III - ENERGY MARKET> DISTRIBUTION AND TOTAL MARKET
                         
Copel’s Total Market    Number of Customers / Agreements   Energy Sold (GWh)
  Jun-24 Jun-23 ∆%   2Q24 2Q23 Δ%   1H24 1H23 Δ%
                         
 Copel DIS     5,137,853  5,044,797   1.8    5,526 5,797   (4.7)   11,384 11,452  (0.6)
Captive Market    5,137,652 5,044,479   1.8     5,359  4,930  8.7    11,112  10,080  10.2
Concessionaries  and Licensees    2  2 -   25   24  4.2    49  46 6.2
CCEE (Assigments MCSD EN)   199 316 (37.0)   35   49  (28.6)    70  97 (28.3)
CCEE (MVE)     -   - -   -   -   -    -  -  -
CCEE (MCP) 2     -   - -    107 794  (86.5)     154 1,229 (87.5)
 Copel GeT      519   386 34.5    4,039 3,953  2.2     8,696   8,514 2.1
CCEAR  (Copel DIS)     4  3  33.3   30   29  3.4    64  62 3.2
CCEAR  (other concessionaries)   119 118   0.8    569 879  (35.3)   1,155 1,448 (20.2)
Free Customers     -   - -   -   -   -    -  -  -
Bilateral Agreements (Copel Mercado Livre)   393 260  51.2     3,275  2,938   11.5   7,063 6,430 9.8
Bilateral Agreements 1    3  5 (40.0)   42   38   10.5    92   192 (52.1)
CCEE (MCP) 2     -   - -    123   69   78.3     322   382 (15.7)
 Wind Farms Complex      583   557   4.7    1,094 1,012  8.1     2,220   2,121 4.7
      15   15 -   30   29  3.4    65  52  25.0
CCEAR  (other concessionaries)   541 512   5.7    627 489   28.2   1,195   969  23.3
CER     10   10 -    228 228   -     464   454 2.2
Bilateral Agreements (Copel Mercado Livre)    6  8 (25.0)   90 148  (39.2)     179   270 (33.7)
Bilateral Agreements     11   12  (8.3)    119 118  0.8     240   249   (3.6)
CCEE (MCP) 2     -   - -   -   -   -    77   127 (39.4)
 Copel Mercado Livre      1,532   1,719  (10.9)    5,527 5,305  4.2   11,569 11,198 3.3
Free Customers   1,361 1,585 (14.1)     2,621  2,921  (10.3)   5,229 5,848 (10.6)
Bilateral Agreements (Group Companies)    6   16 (62.5)    129   68   89.7     283  68 316.2
Bilateral Agreements   165 118  39.8     2,747  2,219   23.8   5,960 5,039  18.3
CCEE (MCP) 2     -   - -   30   97  (69.1)    97   243 (60.1)
Total Copel    5,140,487  5,047,459   1.8     16,186  16,067  0.7   33,869 33,285 1.8
 Eliminations (operations with Group companies)             3,554 3,212   10.6     7,334   7,119 3.0
Total Consolidated Copel             12,632  12,855   (1.7) # 26,535 26,166 1.4
Note: Not considering the energy from MRE (Energy Relocation Mechanism) and the energy from TPP Araucária sold in the CCEE Spot Market.
1 Includes Short Term Sales Agreements and CBR
2 Assured Power allocated in the period, after impact of the GSF.
CCEE: Electric Power Trade Chamber / CCEAR: Energy Purchase Agreements in the Regulated Market / MCP: Short Term Market / CER: Agreements Reserve Energy / MCSD EN - Mechanism for Compensation of Surpluses and Deficits of New Energy / MVE - MVE - Sale of energy to the free market through the Surplus Selling Mechanism.
                         
Copel’s Dis Market    Number of Customers   Consumed Energy (GWh)
  Jun-24 Jun-23 Δ%   2Q24 2Q23 Δ%   1Q24 1Q23 Δ%
Residential    4,252,182  4,161,476   2.2    2,419 2,114   14.4     5,102   4,369  16.8
Industrial   68,966 69,454  (0.7)    3,227 3,143  2.7     6,251   6,092 2.6
Captive     67,486   68,260  (1.1)    451 499 (9.7)     885   973   (9.0)
Free   1,480 1,194  24.0     2,777  2,644  5.0   5,366 5,118 4.8
Commercial    444,675  435,017   2.2    1,860 1,677   10.9     3,808   3,374  12.9
Captive   442,703 433,450   2.1     1,211  1,108  9.3   2,514 2,276  10.5
Free   1,972 1,567  25.8    648 569   14.0   1,295 1,098  17.9
Rural    319,352  326,887 (2.3)    700 624   12.3     1,440   1,304  10.5
Captive   319,264 326,833  (2.3)    647 584   10.8   1,337 1,224 9.3
Free     88   54  63.0   53   40   33.0     103  80  28.8
Others   56,041 54,472   2.9    648 626  3.5     1,296   1,243 4.3
Captive     56,017   54,460   2.9    631 625  1.1   1,274 1,239 2.8
Free     24   12   100.0   17  2  857.9    22 4 529.0
 Total Captive Market    5,137,652  5,044,479   1.8    5,359 4,930  8.7   11,112 10,081  10.2
 Total Free Market     3,564   2,827 26.1    3,495 3,254  7.4     6,786   6,300 7.7
Supply to Concessionaries    7 7 -    259 238  8.7     499   460 8.5
Total Grid Market    5,141,223  5,047,313   1.9    9,113 8,423  8.2   18,396 16,841 9.2
Micro and Mini Distributed Energy Generation     361,460  277,977 30.0     (612)  (421)   45.1   (1,278) (852)  50.0
Total Billed Market            8,501 8,001  6.2   17,118 15,989 7.1
   

RESULTS | 2Q24

39

 
 

 

Exhibit III - ENERGY MARKET> TARIFFS
               
Supply Tariff (R$/MWh) Amount Average MW Jun-23 Jun-22 Δ% Product Class* Validity*  
Copel Geração e Transmissão              
Auction CCEAR 2011 - 2040 ( HPP Mauá) 95 294.51 283.09 4.0% SP100 07.01.2020 12.31.2040
Auction CCEAR 2013 - 2042 (SHP Cavernoso II) 7 318.47 305.81 4.1% SP100 01.01.2018 12.31.2042
Auction - CCEAR 2015 - 2044 (HPP Colíder) 121 225.64 216.84 4.1% SP89 01.01.2019 12.31.2044
Auction - CCEAR 2018 - 2048 (HPP Baixo Iguaçu) 35 234.60 224.93 4.3% SP89 11.12.2018 11.11.2048
Auction - CCEAR 2009 - 2016 (Salto Caxias)     247.01 - - - -
Auction - CCEAR 2024 - 2053 (SHP Bela Vista) 14 262.14   - - - -
Copel Distribuição              
Concession holders in the State of Paraná 14 274.92 265.11 3.7% - - -
Total / Tariff Weighted Average Supply 285 256.13 233.45 9.7% - - -
Contains PIS and COFINS. Net of ICMS.
*GSF renegotiation
     
               
Purchase Tariff - Copel Distribuição (R$/MWh) Amount Average MW Jun-23 Jun-22 Δ%      
Itaipu 1  493.2 244.25 247.70 -1.4%      
Auction – CCEAR 2010 – H30   65.1 304.15 292.64 3.9%      
Auction – CCEAR 2010 – T15 2   60.1 361.94 193.39 87.2%      
Auction – CCEAR 2011 – H30   53.7 313.58 301.71 3.9%      
Auction – CCEAR 2011 – T15 2   53.7 264.39 247.77 6.7%      
Auction – CCEAR 2012 – T15 2  107.5 186.17 177.61 4.8%      
Auction – CCEAR 2016 – T20 2   26.6 229.22 221.18 3.6%      
Angra   97.7 356.25 339.88 4.8%      
CCGF 3  415.4 186.90 135.00 38.4%      
Santo Antônio  128.3 194.61 187.24 3.9%      
Jirau   213.5 171.22 164.75 3.9%      
Others Auctions 4  724.7 227.16 209.91 8.2%      
Total /  Average Purchuse Tariff  2,439.5  228.63  206.49 10.7%      
Contains PIS and COFINS
1  Furnas transport charge not included.
2 Average auction price restated according as bilateral payment to vendors. It does not include hiring effects recorded by the CCEE.
3 Contract of quotas of assured power of those HPPs which concessions were extended pursuant the new rules of Law 12783/13.
4  Products average price, does not include PROINFA.
*The table has been updated for all periods as new calculation methodology for average prices, a result of the 4th phase of the Public Hearing 78/2011 Aneel approved on 03.28.2016.
               
Retail Tariff - Copel Distribuição (R$/MWh)   Jun-23 Jun-22 Δ%      
               
Industrial     555.88 504.17 10.3%      
Residential     546.46 528.18 3.5%      
Commercial     609.36 594.03 2.6%      
Rural     596.42 544.95 9.4%      
Other     597.68 409.25 46.0%      
Retail Tariff  supply average tariff     615.21 579.01 6.3%      
Demand average tariff (R$/kW)   37.85 29.62 27.8%      
 Does not consider tariff flags, Pis/Pasep and net of ICMS.
   

RESULTS | 2Q24

40

 
 

 

Exhibit III - ENERGY MARKET> ELECTRICITY PURCHASED AND CHARGES
            R$'000
Electricity Purchased for Resale 2Q24 2Q23 Δ% 1H24 1H23 Δ%
Purchase of energy in the regulated party - CCEAR  976,498   906,501  7.7  1,932,015  1,831,966 5.5
Itaipu Binacional  241,436   252,335 (4.3)  454,522  465,252   (2.3)
Câmara de Comercialização de Energia - CCEE  106,772   125,269  (14.8)  172,606  224,815 (23.2)
Micro and mini generators and customer repurchase  381,975   250,008   52.8  809,918  499,177  62.3
Proinfa   84,495  92,063 (8.2)  168,712  183,476   (8.0)
Bilateral Agreements  385,594   458,634  (15.9)  789,163  910,577 (13.3)
Fair value in the purchase and sale of energy   31,042   -  -    43,881 -  - 
(-) PIS/Pasep and Cofins (194,878)  (207,218) (6.0) (384,416) (416,696)   (7.7)
TOTAL   2,012,934  1,877,592 7.2   3,986,401   3,698,567 7.8
             
            R$'000
Charges of the main distribution and transmission grid  2Q24 2Q23 Δ% 1H24 1H23 Δ%
Itaipu transportation charges   56,470  39,257   43.8  109,586   75,969  44.3
System Service Charges - ESS  9,375 7,996   17.2   22,458   12,035  86.6
System usage charges  665,902   591,830   12.5  1,328,416  1,165,169  14.0
Charge reserve energy - EER  116,058   114,099  1.7  221,736  252,754 (12.3)
(-) PIS / Pasep and Cofins taxes on charges for use of power grid  (87,521) (76,004)   15.2 (173,838) (152,291)  14.1
  TOTAL   760,284  677,178  12.3   1,508,358   1,353,636  11.4
   

RESULTS | 2Q24

41

 
 

 

Exhibit III - ENERGY MARKET> ENERGY BALANCE
          (average MW)
Energy Balance - Copel GET - Jun-24 2024 2025 2026 2027 2028
Own Resources GeT              2,084                  2,062              2,068             2,071                  2,079
GeT (1)              1,492                  1,470              1,473             1,466                  1,454
GPS (CCGF) (2)                  73                       73                  73                  73                       73
Bela Vista + FDA                519                     519                522                532                     552
Own Resources SPP and Wind Farm                544                     544                544                544                     544
Purchases                  73                       64                   -                      -                          -   
TOTAL OWN RESOURCES + SOLD             2,701                2,670            2,612            2,615                2,623
TOTAL SOLD            2,365                2,243            1,729            1,489                1,225
Sales (Regulated)                766                     781                781                781                     780
Sales (Regulated) % 28% 29% 30% 30% 30%
Sales (Free Market)              1,599                  1,462                948                708                     445
Sales (Free Market) % 60% 55% 37% 27% 17%
Total Available 334 427 882 1125 1396
Total Available (%) 12% 16% 33% 43% 53%
Avarege price of energy sold (R$)       175.71          172.36      179.33      184.88          198.13
Reference: June/24
Note: Considers Assured Power updated by Ordinance No. 709/2022 for: FDA, Segredo  and Salto Caxias.
(1) Includes Mauá and Baixo Iguaçu Power Plants (proportional to the stake in the project) and GPS 30% (ex-CCGF). Does not include Elejor and Foz do Chopim.
(2) GPS 70% (quota regime).
(3) Does not include Voltália Wind Complex.
(3) The GPS CCGF RAG is not considered in the calculation of average prices.

 

 

 

 

 

   

RESULTS | 2Q24

42

 
 

 

Exhibit III - ENERGY MARKET> WIND POWER PRICES
Wind Farms - Sold  Auction ¹ Price (R$)² Certification Amount
MW average/year
Start of  Supply End of
Supply
São Bento Energia, Invest. e Part. S.A.            
GE Boa Vista S.A.  2º LFA
(08/26/2010)
                                  307.89  P50                             5.70 01.01.2013 12.31.2032
GE Farol S.A.                                   298.92  P50                             9.10
GE Olho D’Água S.A.                                   298.92  P50                          14.90
GE São Bento do Norte S.A.                                   298.92  P50                          14.00
Copel Brisa Potiguar S.A.            
Nova Asa Branca I Energias Renováveis S.A. 2º LFA
(08/26/2010)
                                  302.11  P50                          13.20 01.01.2013 12.31.2032
Nova Asa Branca II Energias Renováveis S.A.                                   302.11  P50                          12.80
Nova Asa Branca III Energias Renováveis S.A.                                   302.11  P50                          12.50
Nova Eurus IV Energias Renováveis S.A.                                   302.11  P50                          13.70
Santa Maria Energias Renováveis S.A. 4º LER
(08/18/2011)
                                  212.91  P50                          15.70 07.01.2014 06.30.2034
Santa Helena Energias Renováveis S.A.                                   212.91  P50                          16.00
Ventos de Santo Uriel S.A.                                   211.26  P50                             9.00
Cutia            
UEE Cutia S.A. 6º LER
(10/31/2014)
                                  250.44  P90                             9.60 10.01.2017 09.30.2037
UEE Esperança do Nordeste S.A.                                   250.44  P90                             9.10
UEE Guajiru S.A.                                   250.44  P90                             8.30
UEE Jangada S.A.                                   250.44  P90                          10.30
UEE Maria Helena S.A.                                   250.44  P90                          12.00
UEE Paraíso dos Ventos do Nordeste S.A.                                   250.44  P90                          10.60
UEE Potiguar S.A.                                   250.44  P90                          11.30
Bento Miguel            
CGE São Bento do Norte I S.A. 20ª LEN
(11/28/2014)
                                  237.22  P90                             9.70 01.01.2019 12.31.2038
CGE São Bento do Norte II S.A.                                   237.22  P90                          10.00
CGE São Bento do Norte III S.A.                                   237.22  P90                             9.60
CGE São Miguel I S.A.                                   237.22  P90                             8.70
CGE São Miguel II S.A.                                   237.22  P90                             8.40
CGE São Miguel III S.A.                                   237.22  P90                             8.40
Vilas            
Vila Ceará I (Antiga Vila Paraíba IV) 28ª LEN
(08/31/2018)
                                  127.55  P90                             8.20 01.01.2024 12.31.2043
Vila Maranhão I                                   127.55  P90                             8.30
Vila Maranhão II                                    127.55  P90                             8.30
Vila Maranhão III (Antiga Vila Paraíba III)                                   127.55  P90                             8.20
Vila Mato Grosso (Antiga Vila Alagoas III) 29ª LEN
(06/28/2019)
                                  106.40  P90                             3.30 01.01.2023 12.31.2042
Jandaira            
Jandaira I 30ª LEN
(10/18/2019)
                                  130.12  P90                             1.60 01.01.2025 12.31.2044
Jandaira II                                   130.12  P90                             4.10
Jandaira III                                   130.12  P90                             4.40
Jandaira IV                                   130.12  P90                             4.30
Aventura            
Aventura II 26º LEN
(20/12/2017)
                                  137.56  P90                          11.70 01.01.2023 12.31.2042
Aventura III                                   137.56  P90                          12.80
Aventura IV                                   137.56  P90                          14.10
Aventura V                                   137.56  P90                          15.00
Santa Rosa & Mundo Novo            
Santa Rosa & Mundo Novo I 26º LEN
(20/12/2017)
                                  140.39  P90                          16.50 01.01.2023 12.31.2042
Santa Rosa & Mundo Novo II                                   140.39  P90                          17.00
Santa Rosa & Mundo Novo III                                   140.39  P90                          18.00
Santa Rosa & Mundo Novo IV                                   140.39  P90                             7.50
Santa Rosa & Mundo Novo V                                   140.39  P90                             8.10
Voltália3            
Carnaúbas 04ª LER
(08/18/2011)
                                  206.52  -                          13.10 07.01.2014 06.30.2034
Reduto                                   206.52  -                          13.90
Santo Cristo                                   206.52  -                          14.80
São João                                    206.52  -                          14.30
¹LFA - Alternative Sources Auction/LER - Reserve Energy Auction/LEN - New Energy Auction.
² Price updated by IPCA until Jun/24 (Reference Jul/24). Source: CCEE
3 Values presented refer to 100% of the Complex. Copel has a 49% stake in the project.
   

RESULTS | 2Q24

43

 
 

 

Exhibit III - ENERGY MARKET> ENERGY FLOW
                        GWh
Energy Flow COPEL DIS COPEL GET
+ FDA + BELA VISTA
WIND POWER COPEL COM ELIMINATIONS CONSOLIDATED
2Q24 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 2Q23
 Own Generation      5,389 3,628 682 703         6,071 4,331
 Purchased energy  5,707 5,874 177 397 36 0 5,527 5,305 3,554 3,212 7,893 8,364
 Copel Mercado Livre      93 68 36 0     129 68 0 0
 Companies of the group  60 58         3,365 3,086 3,425 3,144 0 0
 Itaipu  1,134 1,187           0     1,134 1,187
 Auction – CCEAR  3,192 3,199           0     3,192 3,199
 CCEE (MCP)  57     296       0     57 296
 Angra  213 217                 213 217
 CCGF  933 1,092                 933 1,092
 Proinfa  105 103                 105 103
 Other (1)  13 18     0   2,162 2,209     2,175 2,227
 Elejor                10     0 10
 Dona Francisca      33 33             33 33
 MRE Receipt      51               51 0
 Avaiable  5,707 5,874 5,566 4,025 718 703 5,527 5,305 3,554 3,212 13,964 12,695
 Captive Market  5,359 4,930                 5,359 4,930
 Concessionaires (2)  25 24                 25 24
 CCEE concessionaire supply (3)      42 38             42 38
 CCEE (MCSD EN Assignments) (4)  35 49                 35 49
 CCEE (MVE) (5)                      0 0
 CCEE (MCP) (6)  107 794 123 69 -45 -63 30 97     215 897
 Free Customers              2,621 2,921     2,621 2,921
 Bilateral Agreements      0 0 119 118 2,747 2,219     2,866 2,337
 Auction – CCEAR (7)      569 879 627 489         1,196 1368
 MRE assignment (8)      1,527 72             1,527 72
 CER (9)          228 228         228 228
 Copel Mercado Livre      3,275 2,938 90 148     3,365 3,086 0 0
 Companies of the group      30 29 30 29 129 68 189 126 0 0
 Losses and Differences (10)  181 77     -331 -246         -150 -169
                         
(1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase)
(2) Energy supply to concessionaires and licensees with their own market below 500GWh/year
(3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR
(4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism
(5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism
(6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market).
(7) CCEAR: Energy Trading Agreement in the Regulated Environment.
(8) MRE: Energy Reallocation Mechanism.
(9) CER: Reserve Energy Contract.
(10) Considers the effects of  Mini and Micro Distributed Generation (MMGD).
(11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG).
It does not consider the energy produced by UTE Araucária sold on the spot market (MCP).
                         
                        GWh
Energy Flow COPEL DIS COPEL GET
+ FDA + BELA VISTA
WIND POWER COPEL COM ELIMINATIONS CONSOLIDATED
1H24 1H23 1H24 1H23 1H24 1H23 1H24 1H23 1H24 1H23 1H24 1H23
 Own Generation    -   -  11,387 9,126 1,323 1,536   -   -     12,710 10,662
 Purchased energy   11,857  12,011 263 444 194 106  11,569  11,198 7,648 6,987 16,235 16,772
 Copel Mercado Livre    - - 93 68  190 - - -  283 68 0 0
 Companies of the group   124  113 - - -  106   7,241   6,700   7,365   6,919 0 0
 Itaipu    2,268   2,361 - - - - - - - - 2,268 2,361
 Auction – CCEAR    6,582   6,557 - - - - - - - - 6,582 6,557
 CCEE (MCP)   239 - -  296 - - - - - - 239 296
 Angra   426  432 - - - - - - - - 426 432
 CCGF    1,981   2,308 - - - - - - - - 1,981 2,308
 Proinfa   211  204 - - - - - - - - 211 204
 Other (1)  26 36 - -   4 -   4,328   4,478 - - 4,358 4,514
 Elejor  - - - - - - - 20 - - 0 20
 Dona Francisca  - - 66 66 - - - - - - 66 66
 MRE Receipt  - -  104 14 -   - - - -   - 104 14
 Avaiable  11,857 12,011 11,650 9,570 1,517 1642 11,569 11,198 7,648 6,987 28,945 27,434
 Captive Market  11,112 10,080 - - - - - - - - 11,112 10,080
 Concessionaires (2)  49 46 - - - - - - - - 49 46
 CCEE concessionaire supply (3)  - - 88 85 - - - - - - 88 85
 CCEE (MCSD EN Assignments) (4)  70 97 - - - - - - - - 70 97
 CCEE (MVE) (5)  - - - - - - - - - - 0 0
 CCEE (MCP) (6)   154   1,229  322  382 32 64 97  243 - - 605 1,918
 Free Customers  - - - - - -   5,229   5,848 - - 5,229 5,848
 Bilateral Agreements  - -   4  106  240  249   5,960   5,039 -  106 6,204 5,288
 Auction – CCEAR (7)  - -   1,155   1,448   1,195  969 - - - - 2,350 2417
 MRE assignment (8)  - -   2,954   1,057 - - - - - - 2,954 1,057
 CER (9)  - - - -  464  454 - - - - 464 454
 Copel Mercado Livre  - -   7,063   6,430  178  270 - -   7,241   6,700 0 0
 Companies of the group  - - 64 62 61 52  283 68  407  181 1 1
 Losses and Differences (10)   472  559   -   - (653) (416) - - - - -181 143
                         
(1) Others: Energy purchased by Copel Comercialização. Includes MCSD EM Assignments of Copel Distribuição (purchase)
(2) Energy supply to concessionaires and licensees with their own market below 500GWh/year
(3) Supply of energy to CCEE's agent distributor, through a Regulated Bilateral Contract Agreement - CBR
(4) Assignments MCSD EN - Contractual assignments to other distributors through the New Energy Surplus and Deficit Compensation Mechanism
(5) CCEE (MVE): Financial settlement of energy surpluses from the distributor to the free market through the Surplus Sale Mechanism
(6) CCEE (MCP): Electric Energy Commercialization Chamber (Spot Market).
(7) CCEAR: Energy Trading Agreement in the Regulated Environment.
(8) MRE: Energy Reallocation Mechanism.
(9) CER: Reserve Energy Contract.
(10) Considers the effects of  Mini and Micro Distributed Generation (MMGD).
(11) CG: Submarket Center of Gravity (difference between billed and received energy at the CG).
It does not consider the energy produced by UTE Araucária sold on the spot market (MCP).
   

RESULTS | 2Q24

44

 
 

 

Exhibit III - ENERGY MARKET> ENERGY FLOW

 

   

RESULTS | 2Q24

45

 
 

 

Exhibit IV - OPERATIONAL DATA> INDICATORS SUMMARY

 

MANAGEMENT            
Copel Staff List 2019 2020 2021 2022 2023 jun-24
Geração e Transmissão 1,620 1,533 1,523 1,487 1,477 1,407
Distribuição 4,964 4,641 4,430 4,257 4,203 4,058
Telecomunicações 412 355  -   -   -   - 
Holding 61 96 169 84 83 77
Comercialização 38 42 44 47 41 42
Serviços   -     -     -   217   -     -  
TOTAL  7,095 6,667 6,166 6,092 5,804 5,584
             
Cotrolated Staff List 2019 2020 2021 2022 2023 jun-24
Compagás 148 142 133 132 129 126
UEG Araucária 16 17 15 15 14 13
Elejor 7 7 7 7 7 7
             
GENERATION            
Copel GET Amount Installed
Capacity (MW)
Assured Power
(Average MW)
Hydroelectric 18   4,868.5   2,067.9  
Thermoelectric 1   20.0   17.7  
Wind 43   1,130.2   561.3  
Copel GET
(Interest)
  Proportional installed
capacity (MW)
Proporcional Assured Power
(Average MW)
Hydroelectric 3   299.6   155.2  
Total Copel GET     6,318.3   2,802.1  
Other Interest Copel   Proportional installed
capacity (MW)
Proporcional Assured Power
(Average MW)
Hydroelectric 5   201.3   109.7  
Wind 4   53.2   28.0  
Solar 1   1.1   -  
Total Other Interest 10   255.6   137.7  
TOTAL Copel Group     6,573.9   2,939.8  
             
TRANSMISSION            
Copel GeT Amount   APR (R$ million)
Transmission Lines (km)   3,705   1,062.2
Substation (amount)   45  
Interest Amount   Proporcional APR (R$ million)
Transmission Lines (km)   5,980   532.6
Substation (amount)   8  
TOTAL TL 9,685   1,594.8
Substation 53  
             
DISTRIBUTION            
Distribution lines (km) 212,926     Captive customers 5,137,652  
Substations 396     Customers by distribution employee 1,266  
Installed power substations (MVA) 12,088     DEC (in hundredths of an hour and minute)  5.82  
Municipalities served 395     FEC (number of outages) 5.55  
Locations served 1,068          
             
MERCADO LIVRE            
Number of contracts 1,532          
Energy sold (GWh) 5,527          
   

RESULTS | 2Q24

46

 
 

 

Exhibit IV - OPERATIONAL DATA> GENERATION
         
COPEL GET        
  Installed
Capacity (MW)
Assured Power
(Average MW)
Generation 1S24
(GWh)*
Concession Expires
Hydroelectric Power Plants 4,868.5 2,067.9 11,231.2  
Large hydroelectric power plant (HPP) 4,772.0 2,006.8 10,987.6  
Gov. Bento Munhoz da Rocha Netto (Foz do Areia)(5) 1,676.0 575.3 3,137.8 12.21.2024
Gov. Ney Aminthas de B. Braga (Segredo)(5) 1,260.0 558.3 3,191.0 09.25.2032
Gov. José Richa (Salto Caxias)(5)  1,240.0 575.4 3,289.8 03.20.2033
Gov. Parigot de Souza (1)(5) 260.0 103.6 624.2 01.03.2053
           - Regime de Cotas (70%) 182.0 72.5 436.9
           - Copel GeT(30%) 78.0 31.1 187.3
Colíder(5) 300.0 178.1 662.8 01.30.2046
Guaricana(5)   36.0 16.1 82.1 07.21.2028
Small hydroelectric power station (SHP) 86.9 55.9 221.6  
Bela Vista(2) 29.8 18.6 72.3 01.02.2041
Cavernoso  (5) 1.3 1.0 0.5 06.23.2033
Cavernoso II(5) 19.0 10.6 31.7 12.06.2050
Chaminé (5) 18.0 11.6 58.8 08.02.2028
Apucaraninha (5) 10.0 6.7 26.3 01.27.2027
Derivação do Rio Jordão (5) 6.5 5.9 25.9 06.21.2032
São Jorge (5) 2.3 1.5 6.2 07.24.2026
hydroelectric power plant (HPP) 9.6 5.2 21.9  
Marumbi  4.8 2.4 14.6 (6)
Chopim I  2.0 1.5 2.8 (3)
Melissa  1.0 0.6 1.2 (3)
Salto do Vau  0.9 0.6 3.2 (3)
Pitangui  0.9 0.1 0.2 (3)
Thermal Power Plant 20.0 17.7 2.3  
Figueira  20.0 17.7 2.3 03.27.2019
Wind Power Plants 1,130.2 561.3 1,308.5  
Eólica de Palmas (4) 2.5 0.4 1.3 09.29.2029
São Bento Energia, Invest. e Part. S.A. 94.0 38.1 89.0  
GE Boa Vista S.A.  14.0 5.2 10.2 04.28.2046
GE Farol S.A. 20.0 8.8 19.0 04.20.2046
GE Olho D’Água S.A. 30.0 12.8 31.0 06.01.2046
GE São Bento do Norte S.A. 30.0 11.3 28.9 05.19.2046
Copel Brisa Potiguar S.A. 183.6 89.4 154.4  
Nova Asa Branca I Energias Renováveis S.A. 27.0 12.1 22.6 04.25.2046
Nova Asa Branca II Energias Renováveis S.A. 27.0 11.9 21.6 05.31.2046
Nova Asa Branca III Energias Renováveis S.A. 27.0 12.3 19.7 05.31.2046
Nova Eurus IV Energias Renováveis S.A. 27.0 12.4 25.2 04.27.2046
Santa Maria Energias Renováveis S.A. 29.7 15.7 18.3 05.08.2047
Santa Helena Energias Renováveis S.A. 29.7 16.0 32.0 04.09.2047
Ventos de Santo Uriel S.A. 16.2 9.0 15.2 04.09.2047
Complexo Eólico Cutia 180.6 71.4 197.9  
UEE Cutia S.A. 23.1 9.6 26.8 01.05.2042
UEE Esperança do Nordeste S.A. 27.3 9.1 25.1 05.11.2050
UEE Guajiru S.A. 21.0 8.3 20.1 01.05.2042
UEE Jangada S.A. 27.3 10.3 33.4 01.05.2042
UEE Maria Helena S.A. 27.3 12.0 31.6 01.05.2042
UEE Paraíso dos Ventos do Nordeste S.A. 27.3 10.6 30.0 05.11.2050
UEE Potiguar S.A. 27.3 11.5 31.0 05.11.2050
Complexo Eólico Bento Miguel 132.3 58.7 136.7  
CGE São Bento do Norte I S.A. 23.1 10.1 26.5 08.04.2050
CGE São Bento do Norte II S.A. 23.1 10.8 27.0 08.04.2050
CGE São Bento do Norte III S.A. 23.1 10.2 22.4 08.04.2050
CGE São Miguel I S.A. 21.0 9.3 20.3 08.04.2050
CGE São Miguel II S.A. 21.0 9.1 20.2 08.04.2050
CGE São Miguel III S.A. 21.0 9.2 20.3 08.04.2050
Complexo Eólico Vilas (8) 186.7 98.6 189.9  
Vila Ceará I (Antiga Vila Paraíba IV) 32.0 17.8 34.1 01.14.2054
Vila Maranhão I 32.0 17.8 34.5 01.11.2054
Vila Maranhão II  32.0 17.8 34.8 01.14.2054
Vila Maranhão III (Antiga Vila Paraíba III) 32.0 16.6 32.2 01.14.2054
Vila Mato Grosso (Antiga Vila Alagoas III) 58.9 28.6 54.3 12.06.2054
Complexo Jandaira 90.1 46.9 112.3  
Jandaira I 10.4 5.6 16.2 04.02.2055
Jandaira II 24.3 12.3 30.2 04.02.2055
Jandaira III 27.7 14.8 36.7 04.02.2055
Jandaira IV 27.7 14.2 29.1 04.02.2055
Aventura 9 105.0 65.0 186.2  
Aventura II 21.0 13.1 37.2 06.05.2053
Aventura III 25.2 15.5 43.2 06.11.2053
Aventura IV 29.4 18.5 54.7 06.05.2053
Aventura V 29.4 17.9 51.0 06.05.2053
Santa Rosa e Mundo Novo 9 155.4 92.8 240.8  
Santa Rosa e  Mundo Novo I 33.6 17.3 39.3 06.04.2053
Santa Rosa e  Mundo Novo II 29.4 17.2 50.4 06.04.2053
Santa Rosa e  Mundo Novo III 33.6 21.5 58.3 06.04.2053
Santa Rosa e  Mundo Novo IV 33.6 21.0 56.6 06.01.2053
Santa Rosa e  Mundo Novo V 25.2 15.8 36.2 06.01.2053
TOTAL  6,018.7 2,646.9 12,542.0  
(1) RAG of R$167.9 million, updated by Aneel's Resolution No. 3,353, of July 23, 2024.
(2) In partial operation, entry into commercial operation of the fourth generating unit scheduled for 2022.
(3) Power plants exempted from concession, are only registered with ANEEL.
(4) Assured power considered the average wind generation.
(5) Extension of Grant according to REH 2919/2021, 2932/2021  and  3.242/2023.
(6) Under approval by ANEEL.

(7) Assured Power updated by Ordinance N°709/2022 for: FDA, Segredo, Salto Caxias and GPS, effective from January/2023.
(8) Started up in test operation on 04/25/2022, according to ANEEL Dispatch No. 1047/2022. In commercial operation since 12/07/2022, by ANEEL order No. 2502/2022.
(9) Complexes Aventura and Santa Rosa & Novo Mundo joined the Company's portfolio in Jan/23.                                                                              
* Considers internal consumption of generators and generation in commercial operation.
** Plant do not participate in the MRE.
   

RESULTS | 2Q24

47

 
 

 

Exhibit IV - OPERATIONAL DATA > GENERATION
             
INTEREST            
Enterprise Partners Installed
Capacity (MW)
Assured Power 1
(Average MW)
Proportional installed capacity (MW) Proporcional Assured Power
(Average MW)
Concession Expires
Hydroelectric Power Plants                1,111.7           586.8                500.9           264.9  
Large hydroelectric power plant (HPP)   1,076.5 561.5 486.2 254.2  
HPP Gov. Jayme Canet Junior (Mauá) 6
(Consórcio Energético Cruzeiro do Sul)
COPEL GeT - 51%
Eletrosul - 49%
361.0 188.5 184.1 96.1 06.28.2049
HPP Baixo Iguaçu
(Consórcio Empreendedor Baixo Iguaçu)
COPEL GeT - 30%
Geração Céu Azul - 70%
350.2 172.4 105.1 51.7 12.03.2049
HPP Santa Clara  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
120.2 66.0 84.2 46.2 05.10.2040
HPP Fundão  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
120.2 62.1 84.1 43.5 06.11.2040
HPP Dona Francisca
(DFESA)
COPEL - 23,03%
Gerdau - 53,94%
Celesc - 23,03%
125.0 72.5 28.8 16.7 09.21.2037
Small hydroelectric power station (SHP)   29.1 20.4 10.4 7.3  
SHP Arturo Andreoli 6
(Foz do Chopim)
COPEL GeT - 35,77%
Silea Participações - 64,23%
29.1 20.4 10.4 7.3 07.07.2034
Hydroelectric Generating Centers (CGH)   6.1 4.9 4.3 3.4  
CGH Santa Clara I  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
3.6 2.8 2.5 2.0 (2)
CGH Fundão I  
(Elejor)
COPEL - 70%
Paineira Participações - 30%
2.5 2.1 1.7 1.5 (2)
Wind Power Plants                         108.0                 57.1                        53.2                 28.0  
Voltalia - São Miguel
do Gostoso (5 parques)
COPEL- 49%
Voltalia-  51% 
108.0 57.1 53.2 28.0 (4)
 Solar                             2.3                     -                             1.1                      -     
Solar Paraná 5         
  COPEL - 49%
2.3                      -    1.1                      -    09.15.2046
TOTAL    1,222.0 643.9 555.2 292.9  
1 Assured power updated by Ordinance No. 709/2022 of: HPP Mauá, Santa Clara, Fundão and Dona Francisca. 
2  Elejor requested the reclassification of its Small Hydroelectric Power Plants - (SHPs) Fundão I and Santa Clara I to Hydroelectric Generating Centers (CGHs), as amended by Art. 8 of Law 9074/1995. This was formalized through ANEEL Authorizing Resolutions 14,744 and 14,745 of 06/20/2023, with the plants exempted from concession, having only registration with ANEEL.
3 The Concession Expires of the wind farm concessions are respectively: Carnaúbas (04.09.2047), Reduto (04.16.2047), Santo Cristo (04.18.2047), São João (03.26.2047).
4 Holding of 6 SCPs operating in the field of distributed generation (photovoltaic plants): Pharma Solar II, Pharma Solar III, Pharma Solar IV, in commercial operation, e Bandeirantes Solar I, Bandeirantes Solar II e Bandeirantes Solar III, in pre-operational.
5  Extension of Grant according to REH 3.242/2023.
   

RESULTS | 2Q24

48

 
 

 

Exhibit IV - OPERATIONAL DATA > TRANSMISSION
               
Subsidiary / SPC Contract Enterprise TL   APR ¹ (R$ milhões) Concession Expiration
Extension (km)2 Amount MVA
Copel GeT 060/20013 Several 2,129 35 12,815 662.6 01.01.2043
Copel GeT 075/20014 TL Bateias - Jaguariaiva 138 - - 17.0 08.17.2031
Copel GeT 006/2008 TL Bateias - Pilarzinho 32 - - 2.8 03.17.2038
Copel GeT 027/2009 TL Foz - Cascavel Oeste 117 - - 16.6 11.19.2039
Copel GeT 010/2010 TL Araraquara II — Taubaté 334 - - 45.3 10.06.2040
Copel GeT 015/2010 SE Cerquilho III - 1 300 7.3 10.06.2040
Copel GeT 022/2012 TL Foz do Chopim - Salto Osório
LT Londrina - Figueira
102 - - 8.1 08.27.2042
Copel GeT 002/2013 TL Assis — Paraguaçu Paulista II 83 1 150 11.7 02.25.2043
Copel GeT 005/2014 TL Bateias - Curitiba Norte 31 1 300 13.3 01.29.2044
Copel GeT 021/2014 TL Foz do Chopim - Realeza 52 1 300 13.5 09.05.2044
Copel GeT 022/2014 TL Assis – Londrina 122 - - 28.1 09.05.2044
Copel GeT 006/165 Lot E: TL Baixo Iguaçu - Realeza; TL Uberaba - Curitiba Centro; TL Curitiba Leste - Blumenau; SE Medianeira; SE Curitiba Centro; SE Andirá leste; Other Sections 255 4 900 160.9 04.07.2046
Costa Oeste
Copel Get - 100%
001/2012 TL Cascavel Norte - Cascavel Oeste
TL Cascavel Norte - Umuarama Sul
SE Umuarama Sul
159 1 300 19.7 01.12.2042
Marumbi
Copel GeT - 100%
008/2012 TL Curitiba - Curitiba Leste 29 1 672 28.3 05.10.2042
Uirapuru Transmissora
Copel GeT - 100%
002/20056 TL Ivaiporã - Londrina 122 - - 27.0 03.04.2035
Subtotal Copel GeT 7     3,705 45 15,737 1,062.2  
Caiuá Transmissora
Copel GeT - 49%
Elecnor - 51%
007/2012 TL Guaíra - Umuarama Sul
TL Cascavel Norte - Cascavel Oeste
SE Santa Quitéria / SE Cascavel Norte
142 2 700 17.0 05.10.2042
Integração Maranhense
Copel GeT - 49%
Elecnor - 51%
011/2012 TL Açailandia - Miranda II 365 - - 25.6 05.10.2042
Matrinchã
Copel GeT - 49%
State Grid - 51%
012/2012 TL Paranaíta - Ribeirãozinho 2,033 4 800 138.8 05.10.2042
Guaraciaba
Copel GeT - 49%
State Grid - 51%
013/2012 TL Ribeirãozinho - Marimbondo 930 1 - 71.7 05.10.2042
Paranaíba
Copel GeT - 24,5%
Furnas - 24,5%
State Grid - 51%
007/2012 TL Barreiras II - Pirapora II 967 - - 47.7 05.02.2043
Cantareira
Copel GeT - 49%
Elecnor - 51%
19/2014 TL Estreito - Fernão Dias 656 - - 70.7 09.05.2044
Mata de Santa Genebra
Copel GeT - 50,1%
Furnas - 49,9%
001/14 TL Araraquara II - Bateias 887 1 3,600 161.1 05.14.2044
Subtotal SPCs 8     5,980 8 5,100 532.6  
Total     9,685 53 20,837 1,594.8  
1 Proportional to Copel's interest in the project. Values referring to the 2023/2024 cycle, effective from July 1, 2024, according to REH 3.348/2024 - Technical Note No. 105/2024 – STR/ANEEL, of July 09, 2024. Considers investments that came into operation until 06/30/2024.
² Considers double circuit sections (circuits that share the same transmission tower).
³ Contract renewed according to Law 12,783/13. The O&M portion is part of the RBSE, under the terms of the Law. It will be received until the end of the concession (Jan/2043). The value of the APR for the 2024-2025 cycle, excluding the RBSE, according to REH 3,3348/2024, is R$ 148.3 million. This amount refers to additional RAP for reinforcements and improvements, in effect when REH 3,348/2024 was published.
4 As of 10.31.2018, the APR was reduced by 50%.
5 The construction of 38 km of sectioning lines was foreseen in the implementation of the Andirá Leste and Medianeira SEs, 2 km of which for Contract 060/2001 and 36 km for LTs that do not belong to Copel GeT, which, despite being included in the APR, in reason for the investment made, will not be added to Copel's assets.
6 As of 07/09/2021, the APR was reduced by 50%.
7 Consolidated Result.
8 Equity Income.
   

RESULTS | 2Q24

49

 
 

 

Exhibit IV - OPERATIONAL DATA > DISTRIBUTION
             
OPERATIONAL DATA            
             
Number of Consumers Locations served Cities served Voltage Number of Substations MVA Km of lines
5,137,652 1,068 395 13,8 kV 0 0                              113,526
34,5 kV 237 1,704                                91,744
69 kV 36 2,518                                      778
88 kV 0 5                                         -   
138 kV 123 7,861                                  6,878
        396 12,088 212,926
Consumer-to-employee ratio DIS 2019 2020 2021 2022 2023 Jun-24

Captive Consumers 
4,713,240 4,835,852 4,926,608 5,011,555 5,098,006 5,137,652
Copel Dis employees 4,964 4,641 4,430 4,257 4,203 4,058
Consum/Emp 949 1,042 1,112 1,177 1,213 1,266
             
QUALITY OF SUPPLY            
             
  Year DEC ¹
(hours)
FEC ²
(outages) 
     
  2020 7.83 5.61      
  2021 7.20 4.76      
  2022 7.98 5.29      
  2023 7.86 5.21      
  Jun-24 8.52 5.55      
¹  DEC measured in hours and hundredths of an hour
²  FEC expressed in number of interruptions and hundredths of a number of interruptions year to date
* Values of the last 12 months
     
Period Technical Loss Non-Technical Loss Total loss
Regulatory (1)  Real (2) Regulatory (3)  Calculated (4) Regulatory (5)  Total (6)
Jun-20 6.05% 6.04% 4.70% 2.17% 8.18% 7.03%
Jun-21 6.05% 5.93% 4.70% 4.34% 8.08% 7.92%
Jun-22 5.79% 5.73% 4.47% 4.54% 7.65% 7.68%
Jun-23 5.79% 5.78% 4.47% 4.55% 7.57% 7.61%
Jun-24 5.79% 6.11% 4.47% 4.41% 7.58% 7.55%
             
(1) Percentage established in the tariff review;
(2) Technical loss calculated and reported monthly to Aneel;
(3) Percentage established in the tariff review;
(4) Difference between reported total losses and technical losses calculated as a percentage established in the review and the total injected energy, also reported monthly to Aneel;
(5) (Regulatory percentage of PNT x informed BT Market + technical losses calculated as a percentage established in the review and the total energy injected) / Injected energy;
(6) Total loss on injected energy.
NOTE: In the calculation of the distributor's total losses, energy losses inherent to the electric power system (technical losses), commercial losses (mainly due to fraud, theft) and differences related to the shift in the billing schedule and the effects of the portion of mini and micro generation distributed in the Company's network

 

 

 

   

RESULTS | 2Q24

50

 

 

SIGNATURE

 

 

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.

Date August 7, 2024

 

COMPANHIA PARANAENSE DE ENERGIA – COPEL
     
By:

/S/  Daniel Pimentel Slaviero


 
  Daniel Pimentel Slaviero
Chief Executive Officer
 

 

 

FORWARD-LOOKING STATEMENTS

 

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.