Exhibit 4.9
ENGLISH TRANSLATION
FINANCING AGREEMENT BY
EXTENSION OF CREDIT No.
02.2.962.3.1, ENTERED INTO BY AND
BETWEEN BANCO NACIONAL DE
DESENVOLVIMENTO ECONOMICO E
SOCIAL - BNDES AND COMPANHIA
ENERGETICA DE MINAS GERAIS -
CEMIG, AND OTHER INTERVENING
THIRD PARTIES, AS FOLLOWS:
BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL - BNDES,
hereinafter referred to as BNDES, a federal public company, with head office
in Brasilia, Federal District (Brazil), and services in this city, at Xxxxxxx
Xxxxxxxxx xx Xxxxx, 000, registered with CNPJ (Corporate Taxpayer Registry)
under No. 33,657,248/0001-89, represented by its undersigned representatives;
and
COMPANHIA ENERGETICA DE MINAS GERAIS - CEMIG, hereinafter
referred to as BENEFICIARY, a joint-stock company, with head office in Belo
Horizonte, State of Minas Gerais (Brazil), at Xxxxxxx Xxxxxxxxx, 0000,
registered with CNPJ (Corporate Taxpayer Registry) under No.
17,155,730/0001-64, represented by its undersigned representatives, and as
INTERVENING PARTIES:
I - AGENCIA NACIONAL DE ENERGIA ELETRICA - ANEEL, an autonomous
government entity under special regimen, with head office at XXXX, XXXXXX 000,
Xxxxxx X, Xxxxx, Xxxxxxxx, Xxxxxxx Xxxxxxxx (Xxxxxx), registered with CNPJ
(Corporate Taxpayer Registry) under No. 02.270.669/0001-29, hereinafter
referred to as ANEEL, represented by its undersigned representatives; and
II - BANCO ITAU S.A., a financial institution, with head office
in Sao Paulo, State of Sao Paulo (Brazil), at Xxxxx Xxxxxxx Xxxxxx xx Xxxxx
Xxxxxx, xx. 000, registered with CNPJ (Corporate Taxpayer Registry) under No.
60.701.190/0001-04, hereinafter referred to as BANK, represented by its
undersigned representatives;
Mutually agree with the following terms and conditions:
ONE
TYPE, AMOUNT AND OBJECT OF THE AGREEMENT
BNDES, within the scope of the Emergency and Extraordinary Program of
Financial Support to Public Utilities of Electric Power Generation and
Independent Electric Power Producers created by the Board of Executive
Officers of BNDES, pursuant to a legal provision enacted by Decree No. 4,475,
of November 20, 2002, based on Law No. 10,438, of April 26, 2002, extends to
the BENEFICIARY, by means of this Agreement, a credit in the amount of
R$396,744,105.00 (three hundred and ninety-six million, seven hundred and
forty-four thousand and one hundred and five reais), to be provided with
resources funded by the National Treasury.
SOLE PARAGRAPH The credit hereby extended aims to provide part of the
resources needed to pay obligations relating to purchases of "energia livre"
(non-contracted electricity) by the BENEFICIARY on the Wholesale Energy Spot
Market - MAE during applicability of the Emergency Program to Reduce Electric
Power Consumption.
TWO
AVAILABILITY OF THE CREDIT
In the event that the conditions mentioned in Section Eighteen are met,
the credit will be made available to the BENEFICIARY by means of a deposit to
the bank account of BENEFICIARY, designated in Sole Paragraph of this Section,
subject to the effective transfer of the resources by the National Treasury.
SOLE PARAGRAPH The BENEFICIARY designates the escrow account No. 33,765-4 with
Banco Itau S.A., Private Bank Branch (No. 2001), located at Xxx Xxx Xxxxx, xx.
000, Xxxxxx, Xxx Xxxxx - XX (Xxxxxx), for deposit of the available credit,
subject to the provisions set forth in Section Twenty-five.
THREE
INTEREST
The principal debit of BENEFICIARY will incur interest at the rate of one
per cent (1%) per annum (as "spread") over the adjusted annual average rate of
daily financing determined by the Special System for Settlement and Custody -
SELIC.
SOLE PARAGRAPH The interest will be calculated on a daily basis by the pro
rata system pursuant to the following formula, and capitalized on February 15,
2003, payable from March 15, 2003 on a monthly basis, plus repayment of
principal, and on maturity or settlement of this Agreement, subject to the
provisions of Section Twenty-four.
n
Sigma[SDV * (Tx + 1)]
[ i i ]
i=1
J = -------------------------
36.000
where:
J = Interest
SDVi = daily debit balance of the principal
Txi = adjusted annual average rate of daily financing determined by the Special
System for Settlement and Custody - SELIC for day "i"; and
n = number of days of the interest determination period.
2
FOUR
PROCESSING AND COLLECTION OF THE DEBIT
The collection of the principal and charges will be made through a prior
Collection Notice issued by BNDES to the BANK. The BANK, in its turn, will
inform the BENEFICIARY and transfer the amounts due to the account designated
by it pursuant to the provisions of Paragraph First of Section Nine for
settlement of those obligations on their respective maturity dates.
FIRST PARAGRAPH In the event that the BANK fails to receive the Collection
Notice, the BANK shall not be exempt from its obligations provided for in this
Agreement nor shall the BENEFICIARY be exempt from paying the installments of
the principal and other charges on the dates set forth in this Agreement.
SECOND PARAGRAPH In the event that the SELIC rate is changed during the term
between the first and fifteenth day in any month, the difference between the
amount due and the collected amount will be reflected in an adjustment to the
debit balance.
FIVE
REPAYMENT
The principal of the debit resulting from this Agreement shall be paid to
BNDES in sixty (60) monthly and successive installments, calculated in
accordance with the following formula. The first maturity date will be March
15 (fifteen), 2003, subject to the provisions set forth in Section
Twenty-four. BENEFICIARY undertakes to fulfill all obligations resulting
herefrom by means of the payment of the last installment on February 15
(fifteen), 2008, subject to the provisions of Section Ten.
[ TM ]
[ ----- ]
[ 1.200 ]
AP = SDV* [-----------------]
[ M ]
[[ TM ] ]
[[ 1 + -----] - 1]
[[ 1.200] ]
where:
AP = repayment of the principal;
SDV = debit balance of the principal on maturity date;
M = number of outstanding installments;
TM = average rate calculated pursuant to the
following formula:
J * 36.000
TN = -----------
n
Sigma SDV
i = 1 i
3
where:
J = interest according to the definition of Section Third;
n = number of days of the determination period; and
SDVi = daily debit balance of the principal.
SIX
RESERVE FOR PAYMENT
In order to comply with the payment of any obligation resulting herefrom,
such as the principal of the debit, interest, commissions, conventional
penalty and fine, the BENEFICIARY irrevocably and irreversibly assigns and
transfers to BNDES, as of this date until final settlement of all obligations
resulting from this Agreement, the proceeds resulting from the collection of
electric power generation and distribution rates in the amount equal to three
point twenty-seven per cent (3.27%) of its monthly sales.
FIRST PARAGRAPH For the purposes of this Agreement "monthly sales" shall mean
the gross sales of BENEFICIARY, including all taxes and charges paid by
purchaser, except value-added tax (ICMS).
SECOND PARAGRAPH The rights and actions of BNDES resulting from this
Agreement, particularly with respect to the assignment of income provided for
in this Section Six shall not be impaired by any changes, default,
controversy, in or out of court, between the BENEFICIARY and the
Concessionaires or Public Utilities of Public Services for Electric Power
Distribution, relating to the reimbursement agreement of "energia livre"
(non-contracted electricity) to be paid with receivables from the portion of
the Extraordinary Rate Adjustment specifically created for that purpose.
SEVEN
PARTIAL CONCENTRATION OF THE BENEFICIARY COLLECTION
The BENEFICIARY will deposit, during the term of this Agreement, the
proceeds from the collection of bills ensuring the effective receipt equal to
ten per cent (10%) of the sales of the BENEFICIARY determined in the
immediately preceding month, to account No. 30,265-8 (hereinafter referred to
as COLLECTION ACCOUNT), at the Private Bank Branch (No. 2001) of the Bank.
EIGHT
TRANSFER TO THE ESCROW ACCOUNT
In light of the assignment provided for in Section Six, the
BENEFICIARY hereby, irrevocably and irreversibly, authorizes BANK to transfer,
on a daily basis, the proceeds of the collected bills mentioned in Section
Seven, to account No. 30,266-6 (hereinafter
4
referred to as ESCROW ACCOUNT), at Private Bank Branch (No. 2001), with the
BANK, until the amount so transferred reaches the sum equal to three point
twenty-seven per cent (3.27%) of the monthly sales of BENEFICIARY.
FIRST PARAGRAPH The BENEFICIARY shall, from the date hereof, instruct the
BANK, with a copy of the instruction to BNDES, no later than the fifth
business day of each month, the amount to be transferred to the ESCROW ACCOUNT
during such month, based on the sales determined in the immediately preceding
month.
SECOND PARAGRAPH In case the BENEFICIARY fails to comply with the provisions
set forth in First Paragraph, BANK shall transfer the total amount received in
collection.
NINE
PAYMENT
The BENEFICIARY hereby, irrevocably and irreversibly, in light of the
assignment and transfer provided for in Sections Six and Eight, authorizes
BANK to transfer from the ESCROW ACCOUNT to the account and order of BNDES the
amounts required to repay any installment of the principal and additional
charges of the debit resulting from this Agreement, in the amounts and terms
as agreed by contract.
FIRST PARAGRAPH BNDES will, by means of a debit notice, inform BANK about the
funds to be transferred to the designated account, without prejudice of the
provisions of Paragraph First of Section Four.
SECOND PARAGRAPH In the event the funds available in the ESCROW ACCOUNT are
insufficient to repay the installments of the principal and additional charges
of the debit resulting from this Agreement, the BENEFICIARY shall, after being
instructed by BANK, make the deposit in the amount required to make such
payment in full, pursuant to the provisions of item V of Section Fifteen,
without prejudice of the continuity of the transfers to the ESCROW ACCOUNT
mentioned in Section Eight, until the percentage therein mentioned is reached.
TEN
EARLY PAYMENT
Any time the funds available in the ESCROW ACCOUNT are sufficient to
settle a whole number of installments, the BENEFICIARY will be entitled to
make an early partial payment equal to outstanding installments, irrespective
of the execution of any contractual amendment, and the relevant amount so paid
will be deducted from the debit balance, and respective maturity dates will be
kept.
FIRST PARAGRAPH The BANK will determine the feasibility of any early payment
mentioned in this Section Ten and, if so determined by the BENEFICIARY, it
will inform the total amount transferred to BNDES.
5
SECOND PARAGRAPH In the event that the BENEFICIARY fails to choose the early
payment, the remaining balance may, after payment to BNDES, be credited to the
COLLECTION ACCOUNT.
THIRD PARAGRAPH A total or partial prepayment of the debit balance of this
Agreement may be settled with the proceeds of a financial transaction executed
between BNDES and BENEFICIARY, guaranteed by the Federal Government, regarding
the acquisition of the Assignment of Credit of the Remaining Balance of the
Revenue Compensation Account - CRC held by BENEFICIARY against the State of
Minas Gerais.
ELEVEN
EXCLUSIVE OPERATION OF THE ESCROW ACCOUNT
The ESCROW ACCOUNT will be operated exclusively in accordance with
the provisions of this Agreement and used for payment to BNDES. It shall be
allowed the exclusive investment of the resources therein deposited in bonds
of the National Treasury or funds guaranteed by it, provided that the
respective redemption is compatible with the obligations of this Agreement and
the proceeds are incorporated to the assignment provided for in Section Six.
TWELVE
NO ENCUMBRANCE
The BENEFICIARY may not assign or encumber on behalf of any other
creditor the income assigned pursuant to Section Six.
THIRTEEN
SPECIAL OBLIGATIONS OF BENEFICIARY
The BENEFICIARY undertakes to:
I - comply, as applicable, until final settlement of the debt resulting from
this Agreement, with the "PROVISIONS APPLICABLE TO BNDES AGREEMENTS",
approved by Resolution No. 665, of December 10, 1987, amended, in part,
by Resolution No. 775, of December 16, 1991, by Resolution No. 863, of
March 11, 1996, by Resolution No. 878, of September, 4, 1996, by
Resolution No. 894, of March 6, 1997, by Resolution No. 927, of April
1st, 1998, and by Resolution 976, of September 24, 2001, enacted by the
Board of Executive Officers of BNDES, published in the Official Gazette
of the Federal Executive (Section I), of December 29, 1987, December 27,
1991, April 8, 1996, September 24, 1996, March 19, 1997, April 15, 1998,
and October 31, 2001, respectively, which copy is delivered to the
6
BENEFICIARY, who, after acknowledging its content, declares its
acceptance as an integral and inseparable part of this Agreement, for all
legal purposes and effects.
II - use the total amount of the credit within a term not exceeding twelve
(12) months from the date of execution of this Agreement, without
prejudice of the power granted to BNDES to extend such term before or
after such period, with the guarantees constituted herein, by way of an
express authorization, in a letter, irrespective of any other formality
or registration.
III - keep in good standing its obligations with the environmental agencies
during the term of this Agreement;
IV - send to BNDES, on yearly basis, an Audit Report, Balance Sheet and
Statement of Income, with the opinion of independent auditors;
V - send to BNDES, on a monthly basis, reports wherein the billed amounts
and the amounts actually collected by the BENEFICIARY relating to the
immediately preceding month are specified;
VI - retain an Independent Audit firm, if requested by BNDES, subject to the
prior and express approval of BNDES, to carry out the accounting audit
evidencing the compliance with the obligations of the BENEFICIARY
provided for herein.
FOURTEEN
OBLIGATIONS OF THE INTERVENING PARTY AGENCIA NACIONAL DE ENERGIA ELETRICA -
ANEEL
The Intervening Party AGENCIA NACIONAL DE ENERGIA ELETRICA - ANEEL,
qualified in the recitals of this Agreement, undertakes to:
I - keep BNDES permanently informed about any fact that may impair the
performance of the Concession, Permission or Authorization, as
applicable, or its economic and financial balance;
II - previously and expressly inform BNDES about any amendment to be made to
any Concession, Permission or Authorization Agreement, as applicable;
III - in the event of intervention of any Concession, Permission or
Authorization, as applicable, care for the full compliance of the
obligations provided for in this Agreement, including the assignment of
income provided for in Section Six; and
IV - in the event that a Concession, Permission or Authorization is
terminated, include in the new bidding process for provision of the
services that were the object of the Concession, Authorization or
Permission, as applicable, as a condition to the new grant, the
subrogation, by the new subrogating party, of the obligations of the
BENEFICIARY resulting from this Agreement.
7
FIFTEEN
OBLIGATIONS OF BANK
The Intervening Party BANCO ITAU S.A., qualified in the recitals of this
Agreement, undertakes to:
I - immediately inform BNDES in case the BENEFICIARY fails to comply with
any obligation regarding the assignment of income provided for in Section
Six;
II - fail to observe any order, whether from BNDES or BENEFICIARY, in
connection with the assignment of income provided for in Section Six, in
contravention with this Agreement, without the prior written consent of
the other party;
III - facilitate the transfer of the amounts deposited in the COLLECTION
ACCOUNT, pursuant to the provisions of Section Eight, as well as take all
actions and procedures set forth in contract to ensure the assignment of
income provided for in Section Six;
IV - facilitate the withholding and transfer of the amounts deposited in the
ESCROW ACCOUNT, after being informed by BNDES pursuant to the provisions
in the First Paragraph of Section Nine, as well as take all actions and
procedures set forth in contract to ensure the assignment of income
provided for in Section Six;
V - inform the BENEFICIARY if the funds available in the ESCROW ACCOUNT are
insufficient to repay the principal and additional charges of the debit
resulting from this Agreement, as well as the amount to be deposited by
the BENEFICIARY for settlement in full of such payment;
VI - determine the feasibility of an early payment mentioned in Section Ten,
inform the BENEFICIARY of such possibility and, if determined by the
BENEFICIARY, implement it, and inform BNDES of the total transferred
amount. In case the BENEFICIARY fails to make such early payment, the
remaining balance, after payment to BNDES, may be deposited to the
COLLECTION ACCOUNT.
VII - transfer the total proceeds received in the COLLECTION ACCOUNT to the
ESCROW ACCOUNT, in case the BENEFICIARY fails to comply with the
provisions of the First Paragraph of Section Eight;
VIII - make investment of resources deposited in the ESCROW ACCOUNT
exclusively in bonds of the National Treasury or funds guaranteed by it,
providing the respective redemption is compatible with the obligations of
this Agreement and the proceeds are incorporated to the assignment
provided for in Section Six; and
IX - send to BNDES, on a monthly basis, statements of the COLLECTION ACCOUNT
and of the ESCROW ACCOUNT.
8
SIXTEEN
INDEMNIFICATION PAID BY BANK
In case BANK fails to comply with any of its obligations provided for
in this Agreement, without prejudice to any other applicable penalties, BANK
will be required to pay an indemnification to BNDES and/or BENEFICIARY, as
applicable, for damages resulting therefrom.
SEVENTEEN
REPLACEMENT OF BANK
The Intervening Party BANK may be replaced, as determined by BNDES or
after its consent. However, BANK shall continue to perform its duties until
the new bank enters into an acceptance agreement to this Agreement, in form
and substance satisfactory to BNDES, by which the new bank will subrogate
itself to the rights and obligations of the BANK.
EIGHTEEN
CONDITIONS TO USE THE CREDIT
The use of the credit, in addition to the compliance, as applicable,
with the conditions provided for in articles 5 and 6 of the above-mentioned
"PROVISIONS APPLICABLE TO BNDES AGREEMENTS", and with those set forth in
"FOLLOW-UP RULES AND INSTRUCTIONS", mentioned in article 2 of said
"PROVISIONS", will be subject to the fulfillment of the following
requirements:
I) Use of any portion of the resources:
a) non existence of any economic and financial situation, which, at the
discretion of BNDES, may compromise the financing; and
b) submission, by the BENEFICIARY, of the Clearance Certificate - CND,
issued by the National Institute of Social Security - INSS, by the
INTERNET, to be extracted by the BENEFICIARY and checked by BNDES at the
address xxx.xxxx.xxx.xx.
II) Use of the resources exceeding the amount of three hundred and
thirty-five million four hundred and eighty-one thousand six hundred and
forty-nine Reals and nineteen cents (R$335,481,649.19): final decision
against the BENEFICIARY in the Mandamus No. 2003.34.00.000282-1 filed by
the BENEFICIARY against the act of the General Director of ANEEL before
the Tribunal of the 15th Federal Court of the Judicial Section of the
Federal District.
9
NINETEEN
DEFAULT
In the event of any default in connection with the obligations undertaken
by BENEFICIARY, the provisions of articles 40 to 47 of the "PROVISIONS
APPLICABLE TO BNDES AGREEMENTS", mentioned in item I of Section Thirteen,
shall be observed.
TWENTY
PENALTY IN CASE OF JUDICIAL COLLECTION
In case of any judicial collection of the debit resulting from this
Agreement, the BENEFICIARY will pay a fine of ten per cent (10%) over the
principal and charges of the debit, plus extrajudicial, judicial expenses and
legal fees due from the first order delivered by the relevant authority in the
collection complaint.
TWENTY-ONE
PREPAYMENT OF THE DEBIT
In case of prepayment of the debit, the guarantees will be released, and
the provisions of article 18 second paragraph, of the "PROVISIONS APPLICABLE
TO BNDES AGREEMENTS", mentioned in item I of Section Thirteen, will be
applicable.
TWENTY-TWO
EARLY MATURITY
BNDES may declare the early maturity of this Agreement, requiring the
payment of the debit and prompt suspension of any disbursement, if, in
addition to the events provided for in articles 39 and 40 of the "PROVISIONS
APPLICABLE TO BNDES AGREEMENT", mentioned in item I of Section Thirteen, BNDES
proves:
a) the inclusion in any corporate agreement, by-laws or articles of
associations of the BENEFICIARY of any provision requiring a special
quorum to resolve or approve any business which may limit or impair the
control of the respective controlling parties, or, further, the inclusion
therein of any provision which may:
i) restrict the growth capacity of the BENEFICIARY or its technological
development;
ii) restrict the access of the BENEFICIARY to new markets; or
iii) restrict or impair the capacity to pay the financial obligations
resulting from this transaction.
10
SOLE PARAGRAPH In the event resources granted by this Agreement are used for
any other purpose other than that provided for in Section One, BNDES will
inform the Federal Attorney's Office of such event, for the purposes and
effects of Law No. 7.492, of 06/16/86, without prejudice of the provisions set
forth in this Section.
TWENTY-THREE
REPRESENTATIONS AND WARRANTIES
The BENEFICIARY represents and warrants that the execution of this
Agreement and the compliance with its obligations, particularly the assignment
of income provided for in Section Six, does not constitute any breach or
noncompliance with any contract, agreement or any other instrument in which
the BENEFICIARY is a party or by which it may be bound.
TWENTY-FOUR
MATURITY ON HOLIDAY
Any maturity date of an installment for repayment of the principal and
other charges occurring on Saturdays, Sundays or national holidays, including
bank holiday, will, for all purposes and effects of this Agreement, be
transferred to the next first business day, and the charges will be calculated
until such date. The following regular period for determination and
calculation of charges of this Agreement shall also begin on such date.
TWENTY-FIVE
TRANSFER OF RESOURCES TO CREDITORS
The BENEFICIARY hereby, irrevocably and irreversibly, represents to the
BANK that the amounts released by BNDES on its behalf to the ESCROW ACCOUNT
provided for in the Sole Paragraph of Section Two will exclusively be used for
the purposes of the financial settlement of its commitments with the Wholesale
Energy Spot Market - MAE, pursuant to the report LF 003, issued by MAE itself,
by means of the transfer of the amounts to its creditors accounts, in
accordance with the provisions of the Exhibit attached hereto.
The BENEFICIARY submitted the Clearance Certificate No.
273752002--11001090, issued on January 03, 2003, by the National Institute of
Social Security - INSS.
The pages of this instrument contain the initial signature of Rosemary
Martins Hissa, BNDES' attorney, by authorization of the undersigned legal
representatives.
11
IN WITNESS WHEREOF, the parties executed this instrument in four (4) copies of
equal content and form and for an exclusive effect, in the presence of the two
undersigned witnesses.
Rio de Janeiro, February 7, 2003.
By BNDES:
-------
/s/ Carlos Lessa /s/ Darc Costa
----------------------------------------------- ------------------------------
BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL - BNDES
Carlos Lessa Darc Costa
President Vice-President
By BENEFICIARY:
/s/ Djalma Bastos de Morais /s/ Cristiano Correa de Barros
----------------------------------------------- ------------------------------
COMPANHIA ENERGETICA DE MINAS GERAIS - CEMIG
Djalma Bastos de Morais Cristiano Correa de Barros
Chief Executive Officer Chief Financial Officer
Continuation of the signature Page of the Financing Agreement by the Extension
of Credit No. 02.2.962.3.1
By the INTERVENING PARTIES:
--------------------------
/s/ Edvaldo Alves de Santana /s/ Juliao Silveira Coelho
----------------------------------------------- -----------------------------
AGENCIA NACIONAL DE ENERGIA ELETRICA - ANEEL
Edvaldo Alves de Santana Juliao Silveira Coelho
Superintendent of Economic Studies of the Market Federal Attorney/ ANEEL
Mat. SIAPE no. 1357594
/s/ Jose Nilson Cordeiro /s/ Paulo Jorge M. Trachez
----------------------------------------------- ------------------------------
BANCO ITAU S.A.
Jose Nilson Cordeiro 4 Paulo Jorge M. Trachez
Commercial Manager Manager B-00372644-5
WITNESSES:
/s/ Wellington Costa de Souza /s/ Marco Tulio Campos Guimaraes
------------------------------------------- ----------------------------------
Name: Wellington Costa de Souza Name: Marco Tulio Campos Guimaraes
CPF: 883.775.957-87 CPF: 000.000.000-00
12
BNDES EXHIBIT
EXHIBIT TO THE FINANCING AGREEMENT BY EXTENSION OF CREDIT No. 02.2.962.3.1
----------------------------------------------------------------------------------------------------------------------------
CREDITOR CNPJ VALUE(R$) BANK
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Alcoa Alumino S.A. 23.637.697/0001-01 8.175,26 Bradesco
----------------------------------------------------------------------------------------------------------------------------
Bandeirante Energia S.A. 02.302.100/0001-06 9.942.213,42 Bradesco
----------------------------------------------------------------------------------------------------------------------------
Companhia de Forca e Luz Cataguazes Leopoldina 19.527.639/0001-58 9.501.428,17 CEF
----------------------------------------------------------------------------------------------------------------------------
Comercializadora Brasileira de Energia Emergencial 04.790.539/0001-42 5.209,45 Banco do Brasil
----------------------------------------------------------------------------------------------------------------------------
Companhia Eletrica de Brasilia 00.070.698/0001-11 4.420.157,97 Banco de Brasilia
----------------------------------------------------------------------------------------------------------------------------
Ceb Lajeado S.A. 03.677.638/0001-50 224.154,45 Banco de Brasilia
----------------------------------------------------------------------------------------------------------------------------
Companhia Energetica de Pernambuco 10.835.932/0001-08 8.616.475,17 Banco do Brasil
----------------------------------------------------------------------------------------------------------------------------
Companhia Energetica Meridional 02.201.268/0001-17 521.171,43 Itau
----------------------------------------------------------------------------------------------------------------------------
Companhia Energetica do Maranhao 06.272.793/0001-84 5.044.510,09 CEF
----------------------------------------------------------------------------------------------------------------------------
Companhia de Eletricidade do Estado do Rio de Janeiro 33.050.071/0001-58 3.137.622,69 Itau
----------------------------------------------------------------------------------------------------------------------------
Companhia Energetica Santa Clara 02.881.800/0003-56 438.293,53 BCN
----------------------------------------------------------------------------------------------------------------------------
Companhia de Interconexao Energetica 01.983.856/0001-97 1.589.297,00 Santander
----------------------------------------------------------------------------------------------------------------------------
Companhia Luz e Forca Santa Cruz 61.116.265/0001-44 108.340,29 Itau
----------------------------------------------------------------------------------------------------------------------------
Companhia de Eletricidade do Estado da Bahia 15.139.629/0001-94 8.923.403,02 Banco do Brasil
----------------------------------------------------------------------------------------------------------------------------
Companhia Energetica do Ceara 07.047.251/0001-70 8.723.579,05 Citibank
----------------------------------------------------------------------------------------------------------------------------
Copel Geracao S.A. 04.370.282/0001-70 655.591,12 Banco do Brasil
----------------------------------------------------------------------------------------------------------------------------
Companhia Energetica do Rio Grande do Norte 08.324.196/0001-81 6.552.230,41 Banco do Brasil
----------------------------------------------------------------------------------------------------------------------------
Companhia de Tecidos Norte de Minas 22.677.520/0001-76 2.137.986,00 Bradesco
----------------------------------------------------------------------------------------------------------------------------
Companhia Paulista de Forca e Luz 33.050.196/0001-88 6.409.674,64 Bradesco
----------------------------------------------------------------------------------------------------------------------------
Companhia Piratininga de Forca e Luz S.A. 04.172.213/0001-51 4.104.269,24 Bradesco
----------------------------------------------------------------------------------------------------------------------------
CPFL Geracao de Energia S.A. 03.953.509/0001-47 19.251.055,19 Bradesco
----------------------------------------------------------------------------------------------------------------------------
Companhia Paraibuna de Metais 42.416.651/0001-07 199.736,24 Bradesco
----------------------------------------------------------------------------------------------------------------------------
CSN Energia S.A. 03.537.249/0001-29 45.670.668,53 Bradesco
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CREDITOR BRANCH ACCOUNT
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Alcoa Alumino S.A. 665-3 8000-4
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Bandeirante Energia S.A. 0516-9 78898-8
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Companhia de Forca e Luz Cataguazes Leopoldina 108 580.000-7
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Comercializadora Brasileira de Energia Emergencial 1607-1 191.199-6
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Companhia Eletrica de Brasilia 207 001412-0
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Ceb Lajeado S.A. 207 001.050-8
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Companhia Energetica de Pernambuco 1850-3 91105-4
------------------------------------------------------------------------------------
Companhia Energetica Meridional 49066-9 0289-9
------------------------------------------------------------------------------------
Companhia Xxxxxxxxxx xx Xxxxxxxx 0000-0 999-2
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Companhia de Eletricidade do Estado do Rio de Janeiro 911 03927-9
------------------------------------------------------------------------------------
Companhia Energetica Santa Clara 196 002405-9
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Companhia de Interconexao Energetica 005-1 95111727
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Companhia Luz e Forca Santa Cruz 1036 04825-2
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Companhia de Eletricidade do Estado da Bahia 2940-8 140000-2
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Companhia Energetica do Ceara 6 49723016
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Copel Geracao S.A. 3306-5 11100-7
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Companhia Xxxxxxxxxx xx Xxx Xxxxxx xx Xxxxx 0000-0 205691-7
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Companhia de Tecidos Norte de Minas 055063-9 3114-3
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Companhia Xxxxxxxx xx Xxxxx x Xxx 0000-0 390550-0
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Companhia Piratininga de Forca e Luz S.A. 0046-9 427880-1
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CPFL Geracao de Energia S.A. 0046-9 429429-7
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Companhia Paraibuna de Metais 198 0172828-8
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CSN Energia S.A. 0468-5 156670-9
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Companhia Sul Paulista de Energia 60.855.608/0001-20 948.821,76 Itau
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Companhia Vale do Rio Doce 33.592.510/0001-54 1.867.500,26 Bradesco
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Departamento Municipal de Eletricidade de Pocos de Caldas 23.664.303/0001-04 35.438,25 Banco do Brasil
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Duke Trading do Brasil Ltda 03.631.957/0001-24 10.864.372,33 Boston
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Empresa de Eletricidade Vale do Paranapanema S.A. 60.876.075/0001-62 6.745.315,62 Banco do Brasil
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El Paso Rio Grande Ltda 02.290.789/0001-98 12.650.423,60 Itau
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Elektro Eletricidade e Servicos S.A 02.328.280/0001-97 14.383.029,63 Banespa
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Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. 61.695.227/0001-93 14.323.150,43 Banespa
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Empresa Energetica do Mato Grosso do Sul S.A. 15.413.826/0001-50 1.830.240,75 ABN Amro
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Enertrade Comercializadora de Energia S.A. 04.149.295/0001-13 972.773,01 Safra
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Enron Comercializadora de Energia Ltda 02.754.177/0001-09 4.163.589,27 HSBC
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Espirito Santo Centrais Eletricas S.A. 28.152.650/0001-71 555.753,38 Banco Bilbao Vzcaya
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Fafen Energia S.A. 04.298.015/0001-39 3.066.024,34 Banco Safra
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Guaraniana Comercio e Servicos S.A. 04.023.261/0001-88 7.761.426,59 Itau
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Ibiritermo Ltda 04.552.973/0001-94 49.095,78 Banco do Brasil
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Itambe Energetica S.A. 03.926.572/0001-94 2.004.666,59 Itau
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Usina Termeletrica de Juiz de Fora S.A. 04.166.097/0001-68 1.985.283,43 Banco do Brasil
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Light Servicos de Eletricidade S.A. 60.444.437/0001-46 4.988.496,92 Bradesco
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MPX Termoceara Ltda 04.605.162/0001-04 45.341,22 Unibanco
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SFE - Sociedade Fluminense de Energia Ltda 02.754.200/0001-65 21.469.454,78 HSBC
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Termobahia (Petrobras Energia Ltda) (*) 05.195.759/0001-90 1.516,47 Banco Itau S/A
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Tractebel Energia S.A. 02.474.103/0001-19 61.903.617,80 Banco do Brasil
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Tradener Ltda 02.691.745/0001-70 5.788.031,42 Real
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Tradenergy-Empresa de Comercializacao de Energia 02.867.340/0001-40 10.893.041,20 HSBC
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Companhia Sul Paulista de Energia 2001 32196-3
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Companhia Xxxx xx Xxx Xxxx 0000-0 109000-3
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Xxxxxxxxxxxx Xxxxxxxxx xx Xxxxxxxxxxxx xx Xxxxx xx Xxxxxx 0000-0 7681-3
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Duke Trading do Brasil Ltda 1 62657800
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Empresa de Eletricidade Vale do Paranapanema S.A. 3064-3 05133-0
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El Paso Rio Grande Ltda 911 05468-2
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Elektro Eletricidade e Servicos S.A 154 55000755-1
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Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. 319 55-000049-2
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Empresa Energetica do Mato Grosso do Sul S.A. 85 6987385-2
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Enertrade Comercializadora de Energia S.A. 54 1052-9
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Enron Comercializadora de Energia Ltda 454 00774-05
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Espirito Santo Centrais Eletricas S.A. 841 100000604
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Fafen Energia S.A. 54 0971-7
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Guaraniana Comercio e Servicos S.A. 1247 33069-7
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Ibiritermo Ltda 5142-X 3308-1
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Itambe Energetica S.A. 3957 00607-9
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Usina Termeletrica de Juiz de Fora S.A. 025-6 10577-5
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Light Servicos de Eletricidade S.A. 0026-4 372330-5
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MPX Termoceara Ltda 300 102094-4
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SFE - Sociedade Fluminense de Energia Ltda 454 00774-05
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Termobahia (Petrobras Energia Ltda) (*) 2001 33808-2
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Tractebel Energia S.A. 76493-0 3125-9
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Tradener Ltda 415 0007943-3
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Tradenergy-Empresa de Comercializacao de Energia 38 10059-41
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(*) Credit rights of Termobahia S/A were transferred to Petrobras Energia
Ltda, in accordance with MAE autorization, through letter CT-121/03 of
01/31/2003. The CNPJ and banking information are those of Petrobras
Energia.
