MARKET ANNOUNCEMENT

CENTRAIS ELÉTRICAS BRASILEIRAS S/A CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9 PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A ('Company' or 'Eletrobras') (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in generalthat the National Electric Energy Agency - ANEEL, within the scope of ANEEL Public Hearing No. 003/2019, which was open between 01/23/2019 and 04/12/2019 with a view to improving Normative Resolution No. 596 - REN No. 596/2013, of December 19, 2013, which established the criteria and calculation procedures for indemnification of investments in non-amortized or non-depreciated reversible assets of concessions extended or not, pursuant to Law No. 12,783/2013, decided at its 25th Meeting 2021 Ordinary Public Notice, held on 07/13/2021, amend the text of said REN 596/2013.

In this sense, the hydroelectric power plants of the subsidiaries included in the analysis for receiving additional indemnity are:

· From the São Francisco S/A Hydroelectric Company - CHESF: Xingó, Paulo Afonso I, II, III and IV, Apolônio Sales (Moxotó), Luiz Gonzaga (Itaparica), Boa Esperança, Pedra and Funil, with total installed power of 9,208.5 MW.
· From Furnas Centrais Elétricas S/A: Corumbá, Funil, Furnas, Luiz Carlos de Barreto de Carvalho, Marimbondo and Porto Colombia, with total installed power of 4,617 MW.
· From Centrais Elétricas do Norte do Brasil S/A - Eletronorte: Coaracy Nunes, with an installed capacity of 78 MW.

The Company clarifies that the amounts previously disclosed through the Market Announcements December 11, 2014 and October 2, 2015, based on supporting documentation prepared by Deloitte Touche Tohmatsu Consultores Ltda, in the case of hydroelectric power plants belonging to Furnas and Chesf, and by Eletronorte itself, in the case of the Coaracy Nunes hydroelectric plant, should be recalculated in light of the new conditions established by the revision of Normative Resolution 596/2013, amended by Normative Resolution 942/2021, of July 13, 2021.

Thus, the process of supporting documentary evaluation begins, to be carried out by ANEEL, for the approval of the effective values ​​of the generation indemnities.

Eletrobras will keep the market informed about the content of this announcement.

Rio de Janeiro, July 13, 2021

Elvira Cavalcanti Presta

CFO and Investor Relations Officer

This document may contain estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words 'believe', 'may', 'estimate', 'continue', 'anticipate', 'intend', 'expect' and related words are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.

Attachments

  • Original document
  • Permalink

Disclaimer

Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 10:06:25 UTC.