Copel records EBITDA of R$1,006.1 million in the 1Q17

By: via PR Newswire

CURITIBA, Brazil, May 15, 2017 /PRNewswire/ -- Companhia Paranaense de Energia - Copel (NYSE: ELPVY, ELP / Latibex: XCOP / BM&FBovespa: CPLE3, CPLE5, CPLE6), a company that generates, transmits, distributes and sells power, announced its results for the first quarter of 2017.

Copel reported an EBITDA of R$1,006.1 million in the 1Q17, 87.2% higher than the R$537.4 million recorded in the 1Q16, mainly due (a) the recognition of R$224.6 million concerning the remeasurement of transmission assets (RBSE), (b) the result of the distributor's 4th tariff review cycle, in June 2016, plus the 3.5% increase in the grid market, (c) the reduction in the cost of electricity purchase from Itaipu, as a result of the dollar's lower exchange rate, and (d) the 36.1% decrease in charges of the mains transmission and distribution grid, due to the smaller dispatch outside the order of merit. In the 1Q17, Copel reported a net income of R$417.3 million vs. R$136.1 million in the 1Q16.

The complete release is available at the Company's website:

Conference Call: May 16, 2017 - Tuesday


9:00 a.m. – New York Time

Dial in number:


Access Code: Copel

(Simultaneous translation into English)

Live webcast at

Contacts: Investor Relations – COPEL
Phone: (55 41) 3222-2027

To view the original version on PR Newswire, visit:


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.