Centrais Eletricas Brasileiras S A : Informação Prestada às Bolsas Estrangeiras

Exhibit 11.1

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				UNITED STATES
			SECURITIES AND EXCHANGE COMMISSION
				WASHINGTON, D.C. 20549
				FORM 20-F
☐	REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR (G) OF THE SECURITIES EXCHANGE ACT OF 1934
				OR
☒	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
	FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023
				OR
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
				OR
☐	SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
				Commission File Number: 001-34129
	CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
				(exact name of registrant as specified in its charter)
				BRAZILIAN ELECTRIC POWER COMPANY
				(translation of registrant's name into English)
				Federative Republic of Brazil
				(jurisdiction of incorporation or organization)
	Rua da Quitanda 196, 9th floor, Centro, CEP 20091-005, Rio de Janeiro, RJ, Brazil
				(Address of principal executive offices)
				Eduardo Haiama
			Chief Financial Officer and Chief Investor Relations Officer
				(55 21) 2514-6435 - [e-mail]
				Rua da Quitanda 196, 24th floor,
				CEP 20091-005 - Rio de Janeiro - RJ - Brazil
	(Name, telephone, e-mail and/or facsimile number and address of company contact person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
	Title of each class			Trading Symbol			Name of each exchange on which registered
American Depositary Shares, evidenced by American Depositary
	Receipts, each representing one Common Share		EBR	New York Stock Exchange
	Common Shares, no par value*						New York Stock Exchange
	American Depositary Shares, evidenced by American
Depositary Receipts, each representing one Class B Preferred Share		EBR-B	New York Stock Exchange
	Preferred Shares, no par value*						New York Stock Exchange

• Not for trading but only in connection with the registration of the American Depositary Shares pursuant to the requirements of the SEC. Securities registered or to be registered pursuant to Section 12(g) of the Act: None.
  Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None.

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The number of outstanding shares of each of the issuer's classes of capital or common stock as of December 31, 2023 was

1,977,081,146 Common Shares

142,559 Class A Preferred Shares

268,733,136 Class B Preferred Shares

1 Class C Preferred Share (golden share)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☒ Yes ☐ No

If this report is an annual or transition report, indicate by a check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

☐ Yes ☒ No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such a shorter period that the registrant was required to submit such files).

☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☒

Accelerated filer ☐

Non-accelerated filer ☐

Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards* provided pursuant to Section 13(a) of the Exchange Act. ☐

*The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☒ Yes ☐ No

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Yes ☒ No

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☐	International Financial Reporting Standards as issued by the International Accounting	Other ☐
	Standards Board ☒

If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17 ☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b 2 of the Exchange Act.).

☐ Yes ☒ No

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

☐ Yes ☐ No

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	TABLE OF CONTENTS
PRESENTATION OF FINANCIAL AND OTHER INFORMATION	Page
3
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION	11
ITEM 1.	IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS	13
ITEM 2.	OFFER STATISTICS AND EXPECTED TIMETABLE	13
ITEM 3.	KEY INFORMATION	13
ITEM 4.	INFORMATION ON THE COMPANY	44
ITEM 4A.	UNRESOLVED STAFF COMMENTS	100
ITEM 5.	OPERATING AND FINANCIAL REVIEW AND PROSPECTS	101
ITEM 5A.	OPERATING RESULTS	111
ITEM 5B.	LIQUIDITY AND CAPITAL RESOURCES	118
ITEM 5C.	RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES	122
ITEM 5D.	TREND INFORMATION	125
ITEM 5E.	CRITICAL ACCOUNTING ESTIMATES	126
ITEM 6.	DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES	127
ITEM 6A.	BOARD OF DIRECTORS AND SENIOR MANAGEMENT	127
ITEM 6B.	COMPENSATION	132
ITEM 6C.	BOARD PRACTICES	134
ITEM 6D.	EMPLOYEES	136
ITEM 6E.	SHARE OWNERSHIP	137
ITEM 6F.	DISCLOSURE OF A REGISTRANT'S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION	138
ITEM 7.	MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS	138
ITEM 7A.	MAJOR SHAREHOLDERS	138
ITEM 7B.	RELATED PARTY TRANSACTIONS	140
ITEM 7C.	INTERESTS OF EXPERTS AND COUNSEL	142
ITEM 8.	FINANCIAL INFORMATION	142
ITEM 8A.	CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION	142
ITEM 8B.	SIGNIFICANT CHANGES	152
ITEM 9.	THE OFFER AND LISTING	152
ITEM 9A.	OTHER AND LISTING DETAILS	152
ITEM 9B.	PLAN OF DISTRIBUTION	153
ITEM 9C.	MARKETS	153
ITEM 9D.	SELLING SHAREHOLDERS	158
ITEM 9E.	DILUTION	158
ITEM 9F.	EXPENSES OF THE ISSUE	158
ITEM 10.	ADDITIONAL INFORMATION	158
ITEM 10A.	SHARE CAPITAL	158
ITEM 10B.	BYLAWS	159
ITEM 10C.	MATERIAL CONTRACTS	166
ITEM 10D.	EXCHANGE CONTROLS	166
ITEM 10E.	TAXATION	167
ITEM 10F.	DIVIDENDS AND PAYING AGENTS	175
ITEM 10G.	STATEMENT BY EXPERTS	175
ITEM 10H.	DOCUMENTS ON DISPLAY	175
ITEM 10I.	SUBSIDIARY INFORMATION	176
ITEM 10J.	ANNUAL REPORT TO SECURITY HOLDERS	176
ITEM 11.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	176
ITEM 12.	DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES	178
ITEM 12A.	DEBT SECURITIES	178
ITEM 12B.	WARRANTS AND RIGHTS	178
ITEM 12C.	OTHER SECURITIES	178
ITEM 12D.	AMERICAN DEPOSITARY SHARES	178
ITEM 13.	DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES	179
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ITEM 14.	MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS	179
ITEM 15.	CONTROLS AND PROCEDURES	179
ITEM 16A.	AUDIT COMMITTEE FINANCIAL EXPERT	180
ITEM 16B.	CODE OF CONDUCT	180
ITEM 16C.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	182
ITEM 16D.	EXEMPTION FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES	183
ITEM 16E.	PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS	183
ITEM 16F.	CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT	183
ITEM 16G.	CORPORATE GOVERNANCE	183
ITEM 16H.	MINE SAFETY DISCLOSURE	183
ITEM 16I.	DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION	183
ITEM 16J.	INSIDER TRADING POLICIES	184
ITEM 16K.	CYBERSECURITY	184
ITEM 17.	FINANCIAL STATEMENTS	186
ITEM 18.	FINANCIAL STATEMENTS	186
ITEM 19.	EXHIBITS	187
SIGNATURES		188
CONSOLIDATED FINANCIAL STATEMENTS	F-1
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PRESENTATION OF FINANCIAL AND OTHER INFORMATION

In this annual report, unless otherwise indicated or the context otherwise requires, all references to "we," "our," "ours," "us" or similar terms refer to Centrais Elétricas Brasileiras S.A.- Eletrobras and its consolidated subsidiaries.

We have prepared our consolidated annual financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023 ("Consolidated Financial Statements") in compliance with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), including the interpretations issued by the IFRS Interpretations Committee (IFRIC® Interpretations) or by its preceding body, Standing Interpretations Committee (SIC® Interpretations).

For certain statutory purposes, such as providing reports to our shareholders located in Brazil and determining dividend payments, other profit distributions and tax liabilities in Brazil, we also prepare, as is required, a parent company and consolidated statutory financial statements in accordance with accounting practices adopted in Brazil and IFRS Accounting Standards, which must be filed with the CVM within three months after the year's end and approved by our shareholders' general ordinary meeting within four months after the year's end to comply with the Brazilian and U.S. Corporate Law.

On June 17, 2022, our Privatization was consummated pursuant to the guidelines established by the Eletrobras Privatization Law. Our Privatization process included a primary and secondary public offering of our common shares in Brazil and abroad which resulted in the dilution of the direct and indirect interest of the Brazilian Government in our common shares from 72.3% before the Privatization to the current interest of 46.64% of our common shares, corresponding to 10% of our voting capital under our bylaws, as of December 31, 2022 In addition, we satisfied the other conditions precedent set out in these resolutions, which included, inter alia, a corporate restructuring which decreased our total interest in Eletronuclear from 99.95% to 67.95%, resulting in Eletronuclear becoming our affiliate. As a result, Eletronuclear is no longer consolidated on a line-by-line basis in our financial statements. We also transferred our entire interest in Itaipu to ENBPar. This corporate restructuring was conducted to ensure that the Brazilian Government maintained direct or indirect control over Eletronuclear and Itaipu. In addition, we entered into certain New Concession Agreements as a replacement for certain of our previous generation concessions and made certain amendments to our bylaws to prevent any shareholder or group of shareholders (including ADR holders) from exercising voting rights with respect to more than 10% of our voting shares following our Privatization. See "Item 4. Information on the Company-A. History and Development-Privatization" for further details. As a result of our corporate restructuring as part of the Privatization process, we reclassified the results of Eletronuclear and Itaipu to discontinued operations as of December 31, 2022, and for the prior years for comparison purposes. Accordingly. the comparative balances presented in this annual report may differ from the balances disclosed in our Form 20-F for the year ended December 31, 2021. See "Item 5. Operating and Financial Review and Prospects - Operating Results - Discontinued Operations" for further details about the accounting treatment of our discontinued operations.

To meet the financial obligations arising from the adverse judgement in the SAESA Arbitration, in July 2022, Furnas acquired control of MESA, the parent company of SAESA. On July 8, 2022, the shareholders of MESA agreed to terminate the Shareholders' Agreement of MESA. As a result, Furnas became the controlling shareholder of MESA as it held a 72.36% stake in MESA as of that date. As a consequence, we started to consolidate the results of MESA on a line-by-line basis into our results. This had a significant effect on our indebtedness as we now consolidate SAESA's indebtedness and the guarantees we provide to SAESA. As of December 31, 2022, SAESA's indebtedness was R$19.6 billion and its consolidation increased our consolidated indebtedness by 49.50%. In November 2023, SAESA concluded a debt restructuring with BNDES FINEM and us. This restructuring comprised an increase in capital of R$2.04 billion, and such funds were fully used to pre-pay part the debt. We assumed the outstanding debt balance owned by SAESA to BNDES FINEM in the amount of R$11.5 billion. As of the date of this annual report, Furnas holds a 99.74% stake in MESA.

Since 2017, we have decreased the SPEs from 178 to 69 SPEs as of December 31, 2023. The goal for the upcoming years is to grow and expand our portfolio of investments, through participations in auctions and through mergers and acquisitions.

In this annual report, the term "Brazil" refers to the Federative Republic of Brazil and the phrase "Brazilian Government" refers to the Federal Government of Brazil. The term "Central Bank" refers to the Brazilian Central Bank. The terms "real" and "reais" and the symbol "R$" refer to the legal currency of Brazil. The terms "U.S. dollar" and "U.S. dollars" and the symbol "U.S.$" refer to the legal currency of the United States of America.

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Within the framework of our 2023-2027 Strategic Plan, designed to position us as a global leader in creating value through infrastructure and renewable, low-emission solutions, we have showcased a positive track record of achievements, including: (i) simplification of our corporate structure; (ii) reduction of operating costs (PMSO); (iii) reduction in the number of SPEs/clusters; (iv) negotiation of compulsory loans; and (v) asset divestment and liability reduction.

Certain figures in this document have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures that precede

them.

Terms contained within this annual report have the following meanings:

• AES Brasil: AES Brasil Energia S.A.
• AFAC: Advance for Future Capital Increase;
• AGU: Advocacia-Geral da União;
• Amazonas D: former name of Amazonas Energia S.A., a distribution company operating in the state of Amazonas;
• Amazonas Energia: Amazonas Energia S.A., a privately held distribution company operating in the state of Amazonas, formerly Amazonas D prior to its privatization;
• Amazonas GT: Amazonas Geração e Transmissão de Energia S.A., a generation and transmission company operating in the state of Amazonas, consolidated by Eletronorte;
• ANEEL: Agência Nacional de Energia Elétrica, the Brazilian Electric Power Regulatory Agency;
• Auren Energia: new name of CESP after its corporate reorganization in 2022;
• B3: B3 S.A.-Brasil,Bolsa Balcão, the São Paulo Stock Exchange, formerly known as the BM&F Bovespa;
• Bankruptcy Law: Law No. 11,101/2005, as amended;
• Basic Network: interconnected transmission lines, energy transformers and equipment with voltage equal to or higher than 230 kV, or installations with lower voltage as determined by
  ANEEL;
• BNDES: Banco Nacional de Desenvolvimento Econômico e Social, the Brazilian Development Bank;
• Boa Vista Energia: former name of Roraima Energia S.A., a distribution company operating in the city of Boa Vista, in the state of Roraima;
• Brazilian GAAP: Brazilian generally accepted accounting principles;
• Brazilian Anticorruption Law: collectively, Law No. 12,846/2013 and Decree No. 8,420/2015;
• Brazilian Corporate Law: Law No. 6,404/1976, as amended;
• BRR: Base de Remuneração Regulatória or Regulatory Remuneration Base;
• CADE: Conselho Administrativo de Defesa Econômica, the Brazilian Antitrust Authority;
• Capacity charge: the charge for purchases or sales based on contracted firm capacity whether or not consumed;
• CCC Account: Conta de Consumo de Combustivel, or Fuel Consumption Account;
• CCEAR: Contratos de Comercialização de Energia no Ambiente Regulado, contracts for the commercialization of energy in the Regulated Market;

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• CCEE: Câmara de Comercialização de Energia Elétrica, the Brazilian electric energy trading chamber;
• CDE Account: Conta de Desenvolvimento Energético, the energy development account;
• CDI: Interbank Certificate of Deposit;
• Central Bank: Central Bank of Brazil;
• CEA: Companhia de Eletricidade do Amapá S.A.;
• Ceal: former name of Equatorial Energia Alagoas, a distribution company operating in the state of Alagoas;
• CELG-D: Enel Distribuição Goiás, a former distribution subsidiary of Eletrobras;
• CELPE: Companhia Energética de Pernambuco S.A.;
• CEPEL: Centro de Pesquisas de Energia Elétrica, a research center of the Brazilian electric sector;
• Cepisa: former name of Equatorial Energia Piauí, a distribution company operating in the state of Piauí;
• Ceron: former name of Energisa Rondônia, a distribution company operating in the state of Rondônia;
• CERR: Companhia Energética de Roraima, a generation and distribution company operating in the state of Roraima;
• CESP: Companhia Energética de São Paulo, now Auren Energia;
• CGT Eletrosul: Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil, a subsidiary of Eletrobras, which is the resulting entity following the merger of Eletrosul into CGTEE;
• CGTEE: Companhia de Geração Térmica de Energia Elétrica, one of our former generation subsidiaries;
• CGU: Controladoria-Geral da União, the General Federal Inspector's Office;
• Chesf: Companhia Hidroelétrica do São Francisco, one of our generation and transmission subsidiaries;
• CMN: Conselho Monetário Nacional, the highest authority responsible for Brazilian monetary and financial policy;
• CNEN: Comissão Nacional de Energia Nuclear S.A., the Brazilian national commission for nuclear energy;
• CNPE: Conselho Nacional de Política Energética, the National Council of Energy Policy, the advisory agency to the President of the Republic of Brazil for the formulation of policies and guidelines in the energy sector;
• COANGRA: Comitê Estatutário de Acompanhamento do Projeto da Usina Termonuclear Angra, a statutory committee created at Eletronuclear to monitor the construction work of the Angra 3 nuclear plant;
• Code of Conduct: Código de Conduta da Eletrobras, our Code of Conduct published in 2022;
• COFINS: Contribuição para o Financiamento da Seguridade Social, the contribution for the financing of social security;
• Concessionaires or concessionaire companies: companies to which the Brazilian Government transfers rights to supply electrical energy services (generation, transmission, distribution) to a particular region in accordance with agreements entered into between the companies and the Brazilian Government pursuant to Law No. 8,987/1995 and Law No. 9,074/1995 (together, the "Concessions Laws");
• COVID-19: the coronavirus pandemic;

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• CPPI: Conselho do Programa de Parcerias de Investimentos, the Investment Partnerships Program Council, which is the government entity that evaluates and recommends PPI projects to the president and advises on partnerships relating to PPI projects;
• CTEEP: Companhia de Transmissão de Energia Elétrica Paulista, one of our transmission affiliates;
• CVM: Comissão de Valores Mobiliários, the Brazilian Securities and Exchange Commission;
• Distribution: the transfer of electricity from the transmission lines at grid supply points and its delivery to consumers through a distribution system. Electricity reaches consumers such as residential consumers, small industries, commercial properties and public utilities at a voltage of 220/127 volts;
• Distributor: an entity supplying electrical energy to a group of customers using a distribution network;
• ECL: Estimated Credit Loss;
• EIA: Estudo de Impacto Ambiental, Environmental Impact Study;
• Electricity Regulatory Law: Law No. 10,848/2004 (Lei do Novo Modelo do Setor Elétrico), enacted on March 15, 2004, which regulates the operations of companies in the electricity industry;
• Eletroacre: former name of Energisa Acre, a distribution company operating in the state of Acre;
• Eletrobras: Centrais Elétricas Brasileiras S.A. - Eletrobras;
• Eletrobras Privatization Law: Law No. 14,182/2021, resulting from the conversion of Provisional Measure No. 1031, of February 23, 2021;
• Eletronorte: Centrais Elétricas do Norte do Brasil S.A., one of our generation and transmission subsidiaries;
• Eletronuclear: Eletrobras Termonuclear S.A., one of our former generation subsidiaries and current generation affiliate as of the consummation of our Privatization;
• Eletropar: Eletrobras Participações S.A., a holding company subsidiary created to hold equity investments (formerly, Light Participações S.A. - LightPar);
• Eletrosul: Eletrosul Centrais Elétricas S.A., one of our former generation and transmission subsidiaries;
• Energy charge: the variable charge for purchases or sales based on actual electricity consumed;
• ENBPar: Empresa Brasileira de Participações em Energia Nuclear e Binacional S.A., the new holding company directly owned by the Brazilian Government that controls Brazil's 50% interest in Itaipu and is the controlling shareholder of Eletronuclear;
• EPE: Empresa de Pesquisa Energética, the Brazilian Energy Research Company;
• ERP: Enterprise Resource Planning;
• Exchange Act: the U.S. Securities Exchange Act of 1934, as amended;
• Final consumer or end user: a party who uses electricity for its own needs;
• FND: Fundo National do Desestatização, the national privatization fund;
• FOTE: Fronteira Oeste Transmissora de Energia S.A., a special purpose entity that builds, operates, and maintains the transmission and distribution of electricity;

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• Free consumers: customers that were connected to the system after July 8, 1995 and have a contracted demand above 3 MW at any voltage level; or customers that were connected to the system prior to July 8, 1995 and have a contracted demand above 3 MW at a voltage level higher than or equal to 69 kV;
• FUNAI: Fundação Nacional do Índio, National Indian Foundation;
• Free Market: Ambiente de Contratação Livre, the Brazilian unregulated energy market;
• Furnas: Furnas Centrais Elétricas S.A., one of our generation and transmission subsidiaries;
• GAG Melhoria: Custo da Gestão dos Ativos de Geração, Generation Asset Management Costs;
• Gigawatt (GW): one billion watts;
• Gigawatt hour (GWh): one gigawatt of power supplied or demanded for one hour, or one billion watt-hours;
• Global Offering: see "Item 4. Information on the Company-A. History and Development- Privatization;"
• Global Offering Settlement Date: June 17, 2022, the date when the Global Offering occurred;
• GSF: Generation Scaling Factor, which applies when there is a deficit in the hydroelectric energy generation;
• High voltage: a class of nominal system voltages equal to or greater than 100,000 volts (100 kVs) and less than 230,000 volts (230 kVs);
• Hydroelectric plant or hydroelectric facility or hydroelectric power unit: a generating unit that uses water power to drive the electric generator;
• IBAMA: Instituto Brasileiro do Meio Ambiente e Recursos Naturais Renováveis, the Brazilian Environmental Authority;
• IBGC: Instituto Brasileiro de Governança Corporativa, the Brazilian Institute of Corporate Governance;
• IBGE: Instituto Brasileiro de Geografia e Estatística, the Brazilian Institute of Geography and Statistics;
• ICMS: Imposto sobre Circulação de Mercadorias e Serviços, the State Tax on Circulation of Goods and Services;
• IFRS Accounting Standards: International Financial Reporting Standards as issued by the International Accounting Standards Board;
• IGP-M: Indice Geral de Preços-Mercado, the Brazilian general market price index, similar to the retail price index;
• INB: Indústrias Nucleares do Brasil S.A., Brazil Nuclear Industries, which produces uranium;
• Installed capacity: the level of electricity which can be delivered from a particular generating unit on a full-load continuous basis under specified conditions as designated by the manufacturer;
• Interconnected Power System: Sistema Interligado Nacional, the system or network for the transmission of energy, connected by means of one or more links (lines and/or transformers);
• IPCA: Índice de Preços ao Consumidor Amplo, the Gross Domestic Product denominator;
• IRPJ and CSLL: value-added taxation and corporate income taxation regimes;
• Isolated System: generation facilities in the North of Brazil not connected to the Interconnected Power System;

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• Itaipu: Itaipu Binacional, the hydroelectric generation facility owned equally by Brazil and Paraguay;
• Itaipu Treaty: the treaty entered into between Brazil and Paraguay;
• Kilovolt (kV): one thousand volts;
• Kilowatt (kW): 1,000 watts;
• Kilowatt Hour (kWh): one kilowatt of power supplied or demanded for one hour;
• Lava Jato Investigation: see "Item 4. Information on the Company-E. Compliance;"
• Law of Government-Controlled Companies: Law No. 13,303/2016;
• LI: Licença de Instalação, Installation License;
• LGPD: General Data Protection Law or Law No. 13,709/2018;
• LP: Licença Prévia, Preliminary License;
• MAE: mercado atacadista de energia elétrica, Interconnected Power System;
• MESA: Furnas' subsidiary, Madeira Energia S.A.;
• MESA Arbitration: See "Item 8-FinancialInformation-Litigation-Arbitration- MESA Arbitration;"
• Megawatt (MW): one million watts;
• Megawatt hour (MWh): one megawatt of power supplied or demanded for one hour, or one million watt-hours;
• Mixed capital company: pursuant to Brazilian Corporate Law, a company with public and private sector shareholders, but controlled by the public sector;
• MME: Ministério de Minas e Energia, the Brazilian Ministry of Mines and Energy;
• MPF: Ministério Público Federal, the federal prosecutor's office;
• MRE: Mecanismo de Realocação de Energia, the Energy Reallocation Mechanism;
• National Environmental Policy Act: Law No. 6,938/1981, as amended;
• NBTE: Norte Brasil Transmissora de Energia S.A., a special purpose entity that operates in transmission and distribution of electricity;
• Novonor: former Odebrecht S.A., a Brazilian conglomerate that provides engineering and infrastructure construction services;
• NYSE: New York Stock Exchange;
• OECD: the Organisation for Economic Co-operation and Development;
• ONS: Operador Nacional do Sistema Elétrico, the national electricity system operator;
• PAR Procel: Procel Resource Application Plans;
• PDC: Plano de Demissão Consensual (PDC), one of our Consensual Dismissal Plans;

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