BRAZIL Law and Practice Contributed by: Débora Yanasse, Bruno Salzano, Luisa Tortolano Barreto and Julia Braga, Tauil & Chequer Advogados in association with Mayer Brown
Investor-Owned Entities Generation Some of the main investor-owned companies in the generation segment are: • Centrais Elétricas Brasileiras SA – Eletrobras; • Norte Energia SA; • China Three Gorges Brasil Energia Ltda; • Jirau Energia SA; • Companhia Paranaense de Energia – COPEL; • Empresa Metropolitana de Águas e Energia SA – EMAE; • Energias do Brasil SA – EDP Brasil; • Neoenergia SA; • CPFL Energia SA e CPFL Energias Reno- váveis SA; • Enel Brasil SA; • Eneva SA; • Companhia Estadual de Geração de Energia Elétrica – CEEE-G; • Novta Energia Renovável; • Centrais Elétricas de Sergipe SA – Celse; • Gás Natural Açu – GNA; • New Fortress Energy; • EDF; • Casa dos Ventos Energias Renováveis SA; • PEC Energia; • Atlas Renewable Energy; • Auren Energia; • Alupar Investimentos SA; • Companhia Energética de São Paulo – CESP; • Light SA; • Cubico SA; • Trinity Energias Renováveis; • CGN Brasil; • Essentia Energia; • Arke Energia; • Ambar Energia; • Engie Brasil Energia SA; • Santo Antonio Energia SA; • Energia Sustentável do Brasil SA; • SPIC Brasil;
be created and paid by the CDE beneficiaries (except for certain beneficiaries, including low- income customers). This new charge will be phased in, with 50% due in 2027 and 100% from 2028 onwards. MP 1,304 also changes Law 14,182/2021 to cancel the regional power auctions to contract gas-fired thermo power plants and to establish a new schedule of auctions for contracting Small Hydropower Plants ( Pequenas Centrais Hidrelé- tricas or PCHs). It also provides that the CNPE will be responsible for determining the need to contract new energy arising from hydrogen- from-ethanol in the northeast as well as from wind farms in the south. 1.2 Principal State-Owned or Investor- Owned Entities Federal/State-Owned Entities A few companies are still under the control of federal states, as follows: • Companhia Energética de Minas Gerais – CEMIG, controlled by the state of Minas Gerais; • Centrais Elétricas de Santa Catarina SA – CELESC, controlled by the state of Santa Catarina; • Petróleo Brasileiro SA – Petrobras, the federal state-owned oil and gas company in Brazil, which also owns certain thermal power gen- eration assets; and • Empresa Brasileira de Participações em Ener- gia Nuclear e Binacional SA – ENBPar is a federal state-owned company that was incor- porated in the context of Eletrobras’s privati- sation to ensure that the federal government would maintain its control of Eletronuclear SA (which owns Angra 1, 2 and 3 nuclear power plants) and Itaipu Binacional (which holds a 50% stake in Itaipu hydropower plant).
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