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Indicate by check mark whether the registrant files or will file annual reports under cover Form F or Form 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 12g b under the Securities Exchange Act of August 10, Dear Sirs:.
Our services were limited to the procedures described in item 4. Accordingly, this summary does not include all matters identified and presented in the due diligence report dated May 5, , and must be read jointly with the whole report in order to provide a comprehensive understanding of the matters identified.
The information was not subject to tests or verifications, except when expressly defined in the scope of our works. PricewaterhouseCoopers Av. We take no responsibility for the nature, extent, sufficiency, or fitness of the procedures followed by us, whether for the purposes for which this summary was requested or for any other purpose.
Had we been requested to conduct additional procedures, other issues could have been detected and reported to you. The content below presents the main points of attention identified during the accounting due diligence procedures. Accordingly, it does not include all matters identified and discussed in the due diligence report, and, therefore, must be read jointly with the whole report in.
We understand that those factors may impair the obtainment of an EBITDA on a recurring and normalized basis, making it more difficult, therefore, to compare the historical periods. The concessions of the Eletrobras distribution companies expired in Although Decree no. Accordingly, the Company started to operate as a public utility Company, on a temporary basis, until the earlier of the assumption by a new concessionaire or December 31, A public civil action was filed by the National Consumers Association — ANDECO against all Electric Energy Concessionaires in the country with respect to prevention and remediation of collective damages against consumers, with a request for preliminary injunction in order for the companies to refrain from charging the claimed losses from the consumers in the electricity bills, including pro rata, as well as the losses sustained due to billing or measurement errors, theft, and fraud in the period from to It also pursues the annulment of all ANEEL Resolutions that allow the collection and inclusion in the bills of sums related to non-technical and technical losses.