AXIA Energia S.A 6-K, filed Aug 16, 2022

AXIA Energia S.A. (AXIAY)

6-K 2022-08-16 For: 2022-06-30

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Added on April 07, 2026

About this 6-K

AXIA Energia S.A filed this 6-K on August 16, 2022.

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ASSETS 06/30/2022	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar

CURRENT
Cash and Cash Equivalents	92,880	1,977,293	127	322,160	4,457
Accounts Receivable, net	1,239,354	815,869	378,961	1,930,974	0
Financing and Loans - principal	0	0	0	0	0
Financing and Loans - charges	0	0	0	0	0
Marketable Securities	1,763,045	827,257	1,398,584	2,244,325	57,827
Dividends Receivable	74,264	63,272	0	72	0
Deferred Fiscal Assets (Tax and Contributions)	0	110,917	4,531	313,007	4,879
Income Tax and Social Contribution	588,287	769,704	17,919	0	0
Derivative Financial Instruments	0	0	0	527,232	0
Reimbursement Rights	0	0	5,385	25,379	0
Guarantees and Linked Deposits	0	26,642	9,995	0	0
Inventory	44,286	107,475	99,200	137,926	0
Contractual Assets	3,311,048	2,227,296	784,017	1,298,029	0
Nuclear Fuel Inventory	0	0	0	0	0
Financial Assets	0	0	0	0	0
Others	205,531	704,337	198,743	324,001	0
TOTAL CURRENT ASSETS	7,318,695	7,630,062	2,897,462	7,123,105	67,163


NON-CURRENT
LONG-TERM ASSET
Accounts Receivable, net	257,677	0	0	501,677	0
Financing and Loans - principal	0	0	0	0	0
Marketable Securities	734,106	224,038	39	113	0
Deferred Fiscal Assets (Taxes and Contributions)	0	208,692	0	204,155	0
Income Tax and Social Contribution	0	0	1,338,240	0	0
Derivative Financial Instruments	0	0	0	526,570	0
Reimbursement Rights	0	0	0	88,827	0
Guarantees and Linked Deposits	1,021,730	586,398	217,967	229,999	0
Indemnifications receivables - Law 12,783/2013	0	0	0	0	0
Nuclear Fuel Inventory (Eletronuclear)	0	0	0	0	0
Contractual Assets	22,066,807	16,724,222	5,890,737	9,708,346	0
Financial Assets	0	0	0	0	0
Advance for equity participation	0	0	0	0	0
Others	156,973	56,628	74,546	702,382	0
TOTAL LONG-TERM ASSETS	24,237,293	17,799,978	7,521,529	11,962,069	0

INVESTMENTS	5,183,441	5,473,921	2,035,566	3,791,203	177,272

FIXED ASSETS, NET	7,149,048	2,472,725	2,272,302	4,521,989	36

INTANGIBLE ASSETS	21,531,871	28,748,569	184,119	28,899,558	0

TOTAL NON-CURRENT ASSETS	58,101,653	54,495,193	12,013,516	49,174,819	177,308

TOTAL ASSETS	65,420,348	62,125,255	14,910,978	56,297,924	244,471

ASSETS 12/31/2021	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar	Eletronuclear

CURRENT
Cash and Cash Equivalents	116,800	9,762	10,859	33,529	3,811	10,514
Accounts Receivable, net	1,129,389	845,468	390,156	1,888,012	0	285,375
Financing and Loans - Principal	0	0	0	0	0	0
Financing and Loans - Charges	0	0	0	0	0	0
Marketable Securities	2,208,058	2,558,187	1,139,995	3,064,153	73,009	711,714
Dividends Receivable	117,586	74,693	0	44,101	1,978	0
Deferred Fiscal Assets (Tax and Contributions)	0	70,705	4,242	194,706	4,041	25,487
Income Tax and Social Contribution	168,130	569,938	18,501	37,485	0	53,532
Derivative Financial Instruments	0	0	0	690,333	0	0
Reimbursement Rights	0	0	3,242	24,351	0	0
Guarantees and Linked Deposits	0	26,491	37,227	0	0	0
Inventory	39,834	79,383	107,490	127,900	0	272,673
Contractual Assets	3,124,010	2,225,993	759,688	1,246,665	0	0
Nuclear Fuel Inventory	0	0	0	0	0	487,895
Financial Assets	0	11,996	0	0	0	0
Others	252,038	627,929	207,639	357,678	0	114,333
TOTAL CURRENT ASSETS	7,155,845	7,100,545	2,679,039	7,708,913	82,839	1,961,523

NON-CURRENT
LONG-TERM ASSET
Accounts Receivable, net	263,295	0	0	1,035,578	0	0
Financing and Loans - principal	0	0	0	0	0	0
Marketable Securities	554,123	219	39	110	0	0
Diferred Fiscal Asset (Taxes and Contributions)	0	204,383	14	241,496	0	0
Income Tax and Social Contribution	0	0	1,500,987	0	0	0
Derivative Financial Instruments	0	0	0	653,022	0	0
Reimbursement Rights	0	0	0	98,070	0	0
Guarantees and Linked Deposits	937,696	322,601	268,619	258,918	0	66,004
Indemnifications receivables - Law 12,783/2013	0	487,822	0	0	0	0
Nuclear Fuel Inventory (Eletronuclear)	0	0	0	0	0	1,490,820
Contractual Assets	21,370,408	15,902,163	5,525,451	9,360,590	0	0
Financial Asset	1,449,680	217,429	0	5,235	0	0
Advance for equity participation	0	0	0	0	0	0
Others	164,645	53,509	67,366	637,025	0	2,057,002
TOTAL LONG-TERM ASSETS	24,739,847	17,188,126	7,362,476	12,290,044	0	3,613,826

INVESTMENTS	5,121,806	5,409,581	2,048,185	3,841,526	168,268	0

FIXED ASSETS, NET	7,082,100	2,277,593	2,379,802	7,687,037	41	13,760,535

INTANGIBLE ASSETS	1,175,872	456,549	247,245	2,971,931	(1)	79,193

TOTAL NON-CURRENT ASSETS	38,119,625	25,331,849	12,037,708	26,790,538	168,308	17,453,554

TOTAL ASSETS	45,275,470	32,432,394	14,716,747	34,499,451	251,147	19,415,077

LIABILITIES 06/30/2022	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar

CURRENT
Suppliers	443,598	326,812	248,458	684,536	0
Financing, loans and debentures	1,399,626	210,438	354,039	1,352,415	0
Tax and Social Contributions	130,119	131,102	30,655	113,298	104
Current Income Tax and Social Contribution	0	0	1,372	363,182	366
Derivative financial instruments	0	0	0	0	0
Reimbursement Obligations	0	0	0	0	0
Advance from clients	0	0	0	102,630	0
Shareholders' Compensation	1,147,109	860,638	47,431	1,553,074	2,074
Estimated Obligations	334,308	366,899	150,183	438,112	1,040
Provisions for Litigations	0	0	0	0	0
Obligations with CDE (Energy Development Account)	175,493	2,208,743	0	1,905,125	0
Obligations with Revitalization of the Watershed	232,213	339,902	0	285,660	0
Post-Employment Benefits (Pension Plan Payments)	17,852	205,773	29,583	0	0
Leasing (principal)	16,868	37	7,058	190,434	0
Leasing (charges)	(9,746)	0	(3,594)	(3,468)	0
Provisions for Onerous Contracts	0	0	0	0	0
Concessions payable - Use of public property	1,958	0	3,751	0	0
Regulatory fees	101,477	292,915	34,594	508,864	0
Others	19,724	23,336	294,091	438,729	23,460
TOTAL CURRENT LIABILITIES	4,010,599	4,966,595	1,197,621	7,932,591	27,044

NON-CURRENT
Suppliers	0	0	16,999	0	0
Financing, loans and debentures	7,689,348	910,105	2,978,763	2,658,831	0
Tax and Social Contributions	151,837	0	0	571,038	0
Income Tax and Social Contribution	4,111,456	884,459	0	1,722,156	10,034
Deferred Income Tax and Social Contribution	0	0	0	0	0
Derivative financial instruments	0	0	0	0	0
Reimbursement Obligations	0	0	0	0	0
Advance from clients	0	0	0	130,022	0
Estimated Obligations	36,347	5,224	12,620	55,250	0
Provisions for Litigations	2,704,419	3,546,157	1,071,920	773,191	0
Provision for uncovered liability on invested companies	0	0	0	1,405	0
Post-Employment Benefits (Pension Plan Payments)	133,409	3,336,083	516,036	106,740	0
Leasing (principal)	215,885	1,987	53,215	379,252	0
Leasing (charges)	(51,964)	0	(18,863)	(5,369)	0
Obligations with CDE (Energy Development Account)	8,057,052	11,715,372	0	8,252,047	0
Obligations with Revitalization of the Watershed	1,532,441	2,345,440	0	1,977,700	0
Provision for Onerous Contracts	0	67,298	80,338	0	0
Concessions payable - Use of public property	37,889	0	46,723	0	0
Regulatory fees	197,065	231,453	21,138	0	0
Asset decomission obligation (Nuclear Power Plants)	0	0	0	0	0
Advances for future capital Increase	69,804	11,766,222	300,000	8,829,806	0
Others	439,349	573,615	65,945	1,776,226	0
TOTAL NON-CURRENT LIABILITIES	25,324,337	35,383,415	5,144,834	27,228,295	10,034

EQUITY
Capital Stock	6,531,154	9,753,953	6,767,586	11,576,263	118,055
Capital reserves	5,053,045	4,916,199	0	0	0
Profit Reserves	17,071,392	9,573,007	1,432,431	8,345,729	61,721
Additional Dividend Purposed	0	0	0	0	0
Accumulated profit/loss	509,720	1,125,944	494,850	1,534,010	11,755
Other Comprehensive Income	(1,994,222)	(3,593,858)	(103,551)	(318,964)	15,863
Advances for Future Capital Increase	8,908,219	0	0	0	0
Minority shareholdings	6,104	0	(22,793)	0	0

TOTAL EQUITY	36,085,412	21,775,245	8,568,523	21,137,038	207,394

TOTAL LIABILITIES AND EQUITY	65,420,348	62,125,255	14,910,978	56,297,924	244,471

LIABILITIES 12/31/2021	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar	Eletronuclear

CURRENT
Suppliers	668,272	394,846	318,122	761,502	0	1,240,893
Financing, loans and debentures	1,586,273	199,480	313,847	1,454,890	0	366,242
Tax and Social Contributions	233,007	155,839	27,566	17,444	681	110,612
Current Income Tax and Social Contribution	0	0	0	19,568	56	0
Derivative financial instruments	0	0	0	0	0	0
Reimbursement Obligations	0	0	0	0	0	22,259
Advance from clients	0	0	0	89,509	0	0
Shareholders' Compensation	894,133	1,298,929	69,231	2,482,651	4,495	0
Estimated Obligations	409,251	353,902	142,120	395,725	754	147,627
Provisions for Litigations	0	0	0	0	0	0
Post-Employment Benefits (Pension Plan Payments)	32,872	167,869	27,780	0	0	4,783
Leasing - principal	19,532	36	8,313	186,080	0	6,327
Leasing - charges	(9,516)	0	(3,777)	(4,994)	0	0
Provisions for Onerous Contracts	0	0	0	10,517	0	0
Concessions payable - Use of public property	1,860	0	3,510	0	0	0
Regulatory fees	82,806	36,123	50,959	363,790	0	9,235
Others	30,405	35,335	284,377	287,392	22,661	35,588
TOTAL CURRENT LIABILITIES	3,948,895	2,642,359	1,242,048	6,064,074	28,647	1,943,566

NON-CURRENT
Suppliers	0	0	59,052	0	0	0
Financing, loans and debentures	5,795,779	990,166	3,120,447	3,473,194	0	6,958,485
Tax and Social Contributions	159,384	0	0	101,016	0	212
Income Tax and Social Contribution	4,135,512	670,192	0	1,859,412	9,805	0
Deferred Income Tax and Social Contribution	0	0	0	0	0	0
Derivative financial instruments	0	0	0	0	0	0
Reimbursement Obligations	0	0	0	0	0	0
Advance from clients	0	0	0	186,348	0	0
Estimated Obligations	36,347	13,046	12,620	64,038	0	1,011
Provisions for Litigations	2,410,282	3,130,760	1,094,094	629,920	0	210,891
Provision for uncovered liability on invested companies	705,864	0	0	2,652	0	0
Post-Employment Benefits (Pension Plan Payments)	135,943	3,314,875	516,373	106,740	0	892,116
Leasing - principal	207,418	2,003	56,106	463,949	0	3,212
Leasing - charges	(50,732)	0	(20,602)	(8,204)	0	0
Provision for Onerous Contracts	280,528	67,298	80,338	0	0	0
Concessions payable - Use of public property	37,202	0	44,453	0	0	0
Regulatory fees	189,887	459,416	38	0	0	0
Asset decomission obligation (Nuclear Power Plants)	0	0	0	0	0	3,268,301
Advances for future capital Increase	72,065	0	300,000	0	0	3,567,201
Others	389,060	492,978	91,155	1,953,284	0	0
TOTAL NON-CURRENT LIABILITIES	14,504,539	9,140,734	5,354,074	8,832,349	9,805	14,901,429

EQUITY
Capital Stock	6,531,154	9,753,953	6,767,586	11,576,263	118,055	8,493,036
Capital Reserves	5,053,045	4,916,199	0	0	0	0
Profit Reserves	17,071,392	9,573,007	1,432,431	8,345,729	61,721	0
Additional Dividend Purposes	160,458	0	44,988	0	18,338	0
Accumulated Profit/Losses	0	0	0	0	(0)	(4,639,264)
Other Comprehensive Income	(1,994,222)	(3,593,858)	(103,551)	(318,964)	14,581	(1,283,690)
Minority shareholdings	209	0	(20,829)	0	0	0

TOTAL EQUITY	26,822,036	20,649,301	8,120,625	19,603,028	212,695	2,570,082

TOTAL LIABILITIES AND EQUITY	45,275,470	32,432,394	14,716,747	34,499,451	251,147	19,415,077

STATEMENT OF INCOME 06/30/2022	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar
Operating Revenues	5,727,627	4,231,148	2,008,395	5,207,668	193

Electric Energy Supply (sell) - Generation	1,354,208	40,780	949,255	3,453,886	0
Electric Energy Supply - Generation	673,655	389,478	0	844,550	0
Short Term Electric Energy - Generation	312,272	66,767	20,708	398,629	0
Revenue from Operation and Maintenance - Renewed Lines - Generation	752,232	1,407,992	0	18,827	0
Revenue from Construction of Plants - Generation	7,324	0	0	0	0
Revenue from Operation and Maintenance - Renewed Lines - Transmission	963,642	1,022,405	296,595	364,958	0
Revenue from Operation and Maintenance - Transmission	108,063	89,315	183,206	214,623	0
Contractual Revenue - Transmission	554,793	1,727,828	399,693	479,242	0
Construction Revenue - Transmission	58,031	200,940	124,178	25,783	0
Financial Income Transmission Assets	1,807,102	0	210,957	519,858	0
Other Revenues	13,425	33,909	33,490	325,264	193

Deductions to Operating Revenues	(877,120)	(748,266)	(209,687)	(1,437,952)	0

Operating Costs	(2,202,084)	(1,331,395)	(944,590)	(2,158,211)	(4,243)

Personnel, Supplies and Services	(561,007)	(364,423)	(289,884)	(375,153)	(4,243)
Consensual Dismissal Plan (PDC)	0	0	0	0	0
Energy Purchased for Resale	(629,351)	(106,922)	(303,651)	(99,052)	0
Charges upon use of eletricity network	(387,453)	(439,781)	(30,148)	(423,586)	0
Construction	(65,130)	(350,851)	(121,115)	(25,679)	0
Electric Energy production cost	(393,777)	0	(66,024)	(638,504)	0
Depreciation and Amortization	(165,366)	(53,087)	(105,812)	(569,850)	0
Operating Provisions	0	0	0	0	0
Others	0	(16,331)	(27,956)	(26,387)	0

Operating Expenses	(1,447,800)	(1,015,063)	(264,047)	(1,796,708)	0

Personnel, Supplies and Services	(236,554)	(365,584)	(135,027)	(412,618)	0
Consensual Dismissal Plan (PDC)	0	0	0	0	0
Donations and Contributions	(19,410)	(3,280)	(1,310)	(3,143)	0
Depreciation and Amortization	(28,346)	(15,845)	(13,907)	(40,392)	0
Operating Provisions	(995,485)	(432,519)	(103,065)	(1,274,707)	0
Others	(168,005)	(197,835)	(10,738)	(65,848)	0

OPERATING RESULT BEFORE FINANCIAL RESULT	2,077,743	1,884,690	799,758	1,252,749	(4,050)

FINANCIAL REVENUES (EXPENSES)

Income from financial investments	152,908	153,176	80,710	175,270	3,214
Income from Interest, Commission and Fees (financing and loans)	16,942	0	0	0	0
Additional Interest on Energy	1,178	4,942	0	229,229	0
Monetary Adjustment Gain	116,777	41,050	11,066	9,914	0
Exchange Variation Gain	23,482	0	58,412	41,151	0
Gains on Derivatives	0	0	0	2,040	0
Other Financial Income	20,198	3,257	32,848	42,714	0
Debt Charges - financing and loans	(382,597)	(56,177)	(121,883)	(202,932)	0
Debt Charges - suppliers	0	0	(4,932)	0	0
Debt Charges - leasing	(5,391)	(110)	(1,944)	(267,136)	0
Charges on shareholders' funds	(111,949)	(61,659)	(5,916)	(113,132)	0
Monetary Adjustment Loss	(72,074)	(15,469)	(72,595)	(108,019)	0
Monetary Adjustment Loss - Obligations with CDE (Energy Development Account)	(37,423)	(40,157)	0	(29,293)	0
Monetary Adjustment Loss - Obligations with Revitalization of the Watershed	(5,109)	(7,774)	0	(6,552)	0
Exchange Variation Loss	(13)	0	0	(350)	0
Loss on derivatives	0	0	0	(291,593)	0
Other Financial Expenses	(89,054)	(13,534)	(14,143)	(157,388)	(1,059)

PROFIT/LOSS BEFORE RESULTS OF EQUITY INVESTMENTS, TAXES AND SOCIAL CONTRIBUTIONS	(372,125)	7,545	(38,377)	(676,077)	2,155

RESULTS OF EQUITY METHOD INVESTMENTS	247,911	92,625	(31,779)	(14,946)	7,957

OTHER OPERATING INCOME/EXPENSES	(1,336,852)	(619,230)	0	1,619,295	4,191

RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION	616,677	1,365,630	729,602	2,181,021	10,253

Total Income Taxes and Social Contributions and Fiscal Incentives Revenue	(108,156)	(239,686)	(236,716)	(647,011)	0

RESULT BEFORE EQUITY PARTICIPATIONS	508,521	1,125,944	492,886	1,534,010	10,253

Minority Participation	13	0	(1,964)	0	0
NET INCOME FOR THE PERIOD	508,534	1,125,944	494,850	1,534,010	10,253

STATEMENT OF INCOME 06/30/2021	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar	Eletronuclear
Operating Revenues	4,995,181	3,577,463	1,580,328	3,239,538	194	1,289,714

Electric Energy Supply (sell) - Generation	1,315,761	163,826	740,329	1,038,776	0	1,469,617
Electric Energy Supply - Generation	616,097	309,587	0	602,458	0	0
Short Term Electric Energy - Generation	160,890	171,278	40,186	560,295	0	0
Revenue from Operation and Maintenance - Renewed Lines - Generation	734,824	1,300,983	0	16,706	0	0
Revenue from Construction of Plants - Generation	24,904	0	0	0	0	0
Financial – Return on Investment - Generation	0	0	0	0	0	0
Revenue from Operation and Maintenance - Renewed Lines - Transmission	979,985	700,544	311,165	325,767	0	0
Revenue from Operation and Maintenance - Transmission	82,098	265,278	121,333	239,287	0	0
Contractual Revenue - Transmission	1,927,231	1,243,562	456,479	829,825	0	0
Construction Revenue - Transmission	72,891	139,892	48,220	61,292	0	0

Other Revenues	18,440	21,378	33,602	249,982	194	125

Deductions to Operating Revenues	(937,940)	(738,865)	(170,986)	(684,850)	0	(180,028)

Operating Costs	(1,930,508)	(1,183,601)	(773,701)	(904,807)	0	(957,911)

Personnel, Supplies and Services	(495,188)	(307,200)	(210,982)	(266,919)	0	(364,702)
Consensual Dismissal Plan (PDC)	0	0	0	0	0	0
Energy Purchased for Resale	(474,377)	(111,036)	(296,906)	(1,764)	0	0
Charges upon use of eletricity network	(381,119)	(430,401)	(26,297)	(329,603)	0	(85,693)
Construction	(97,514)	(231,640)	(48,034)	(61,016)	0	0
Electric Energy production cost	(341,690)	0	(70,177)	(10)	0	(198,193)
Depreciation and Amortization	(140,620)	(29,572)	(103,156)	(198,413)	0	(283,072)
Operating Provisions	0	0	(7,585)	0	0	0
Others	0	(73,752)	(10,564)	(47,082)	0	(26,251)

Operating Expenses	(554,062)	(1,191,749)	(288,919)	(16,098)	(2,896)	(276,960)

Personnel, Supplies and Services	(246,615)	(385,284)	(138,875)	(451,537)	(2,428)	(195,572)
Consensual Dismissal Plan (PDC)	0	0	0	0	0	4,708
Donations and Contributions	(27,985)	(3,743)	(1,864)	(2,587)	(83)	0
Depreciation and Amortization	0	(27,377)	(17,342)	(12,024)	(4)	(15,383)
Operating Provisions	(97,130)	29,683	(119,687)	509,326	0	(40,734)
Others	(182,332)	(805,028)	(11,151)	(59,276)	(381)	(29,979)

OPERATING RESULT BEFORE FINANCIAL RESULT	2,510,611	1,202,113	517,708	2,318,633	(2,702)	54,843

FINANCIAL REVENUES (EXPENSES)

Income from financial investments	14,419	12,749	9,366	14,481	667	15,027
Income from Interest, Commission and Fees	18,879	0	0	0	0	0
Additional Interest on Energy	603	94,334	0	25,479	0	0
Monetary Adjustment Gain	123,027	28,138	0	66,752	0	979
Exchange Variation Gain	1,961	0	34,621	18,602	0	18,963
Fair value adjustment - RBSE gain	0	0	0	0	0	0
Derivatives financial instruments	0	0	0	437,428	0	0
Other Financial Income	8,831	28,365	20,664	9,754	2,684	30,990
Debt Charges - financing and loans	(184,955)	(41,169)	(77,345)	(89,511)	0	(236,029)
Debt Charges - suppliers	0	0	(3,136)	0	0	0
Debt Charges - leasing	(5,353)	(110)	(2,187)	(198)	0	(1,130)
Charges on shareholders's funds	(15,552)	(142,218)	(5,234)	(16,566)	(138)	0
Monetary Adjustment Loss	(78,997)	(7,059)	(50,488)	(43,658)	0	(13,005)
Exchange Variation Loss	9,771	0	0	0	0	(8,857)
Fair value adjustment - RBSE loss	0	0	0	0	0	0
Losses on derivatives	0	0	0	0	0	0
Other Financial Expenses	(36,438)	(12,440)	(22,994)	(31,615)	(345)	(116,747)

PROFIT/LOSS BEFORE RESULTS OF EQUITY INVESTMENTS, TAXES AND SOCIAL CONTRIBUTIONS	(143,804)	(39,410)	(96,733)	390,948	2,868	(309,809)

RESULTS OF EQUITY METHOD INVESTMENTS	(248,535)	45,275	(9,065)	417,345	10,531	0

OTHER OPERATING INCOME/EXPENSES	0	0	0	0	0	0

RESULT BEFORE SOCIAL CONTRIBUTION, INCOME TAX, EMPLOYEES AND MANAGEMENT PARTICIPATION AND MINORITY PARTICIPATION	2,118,272	1,207,978	411,910	3,126,926	10,697	(254,966)

Income Tax and Social Contribution and Fiscal Incentives Revenue	(820,534)	(104,620)	(143,917)	(682,722)	1,069	(18,576)

RESULT BEFORE EQUITY PARTICIPATIONS	1,297,738	1,103,358	267,993	2,444,204	11,766	(273,542)

Minority Participation	(16)	0	1,160	0	0	0
NET INCOME FOR THE PERIOD	1,297,754	1,103,358	269,153	2,444,204	11,766	(273,542)

CASH FLOWS 06/30/2022	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletropar
Operating Activities
Profit (loss) before income tax and social contribution	616,677	1,365,630	729,602	2,181,021	10,253

Depreciation and Amortization	193,712	68,932	119,719	610,242	0
Net monetary variations	(2,171)	(25,581)	61,529	98,105	0
Net exchange variations	(23,469)	0	(58,412)	(40,801)	0
Financial Charges	482,995	117,946	134,675	583,200	0
Financial Income - Concession Assets	(3,491,631)	(3,040,488)	(1,214,629)	(1,604,464)	0
Construction Income - Transmission	57,806	300,531	121,115	25,679	0
Regulatory Remeasurements - Transmission Contracts	0	0	0	0	0
Result of equity method investees	(247,911)	(92,625)	31,779	14,946	(7,957)
Operating Provisions	995,485	432,519	103,065	1,274,707	0
Minor shareholders' share	13	0	0	0	0
Encargos financeiros incidentes sobre a remuneração dos acionistas	0	0	0	0	0
Financial Instruments - Derivatives Net Income	0	0	0	289,553	0
Other adjustments before IR / CS (LAIR)	1,242,949	842,313	9,136	(1,702,131)	0
(Increase) decrease on operating assets/liabilities	(496,995)	(97,090)	(317,449)	(150,290)	3,923

Cash flows from Operating Activities	(672,540)	(127,913)	(279,870)	1,579,767	6,219

Payment of interests	(359,727)	(50,545)	(89,977)	(242,228)	0
Receipt of RAP and indemnities	2,608,194	2,217,126	823,862	1,205,344	0
Receipt of financial charges	0	0	0	0	0
Payment of income tax and social contribution	(508,883)	(272,924)	(55,987)	(322,456)	0
Payment of refinancing of taxes and contributions - principal	(14,610)	0	0	(245,244)	0
Receipt of financial asset compensation	248,720	48,117	0	56,279	0
Pension Plan Payments	(47,862)	(105,215)	(2,183)	0	0
Payment of legal provisions	0	0	(54,543)	(42,582)	0
Judicial Deposits	(46,279)	(233,687)	0	(46,585)	0

Net Cash from (used in) Operating Activities	1,207,013	1,474,959	341,302	1,942,295	6,219

Cash Flows from Financing Activities
Loans and financing	2,500,000	0	0	0	0
Payment of Loans and financing - principal	(849,845)	(83,145)	(146,957)	(839,432)	0
Payment of Shareholders Remuneration	(19,430)	(499,950)	(72,704)	(1,096,529)	0
Advances for Future Capital Increase (AFAC)	8,030,659	10,607,118	0	7,959,971	0
Payment of leasing - IFRS 16	(14,344)	0	(2,326)	(343,119)	0
Others	0	1,507,111	0	(58,133)	(20,759)
Net Cash from (used in) Financing Activities	9,647,040	11,531,134	(221,987)	5,622,758	(20,759)

Cash Flows from Investment Activities

Loans and financing - payment	0	0	0	0	0
Loans and Financing - Receipt	0	0	0	0	0
Acquisition of fixed assets	(83,810)	(130,913)	(6,204)	(98,929)	0
Acquisition of intangible assets	(9,569,414)	(10,607,118)	(2,117)	(7,971,639)	0
Capital investment in equity investments	(1,600,176)	0	(17,057)	0	0
Investment for future capital increases	(57,806)	(300,531)	(102,566)	(25,679)	0
Disposal of investments in equity interests	0	0	0	0	0
Others	433,233	0	(2,103)	819,825	15,186
Net Cash from (used in) investments activities	(10,877,973)	(11,038,562)	(130,047)	(7,276,422)	15,186

Net increase (decrease) in cash and cash equivalents	(23,920)	1,967,531	(10,732)	288,631	646
Cash and cash equivalents – beginning of period	116,800	9,762	10,859	33,529	3,811
Cash and cash equivalents – end of period	92,880	1,977,293	127	322,160	4,457
	(23,920)	1,967,531	(10,732)	288,631	646

2021	Furnas	Chesf	CGT Eletrosul	Eletronorte	Eletronuclear	Eletropar
Operating Activities
Profit (loss) before income tax and social contribution	2,118,272	1,207,978	411,910	3,126,926	(254,966)	10,697

Depreciation and Amortization	140,620	56,949	120,498	210,437	298,455	4
Net monetary variations	(44,030)	(21,079)	50,488	(23,094)	12,026	0
Net exchange variations	(11,732)	0	(34,621)	(18,602)	(10,106)	0
Financial Charges	186,981	41,279	87,902	106,275	237,159	138
Financial Income - Concession Assets	(1,927,231)	(1,243,562)	(283,630)	(829,825)	0	0
Construction Income	(97,795)	(139,892)	(48,220)	(61,292)	0	0
RBSE Income	0	0	(172,849)	0	0	0
Result of equity method investees	248,535	(45,275)	9,065	(417,345)	0	(10,531)
Operating Provisions	97,130	(29,683)	127,272	(509,326)	40,734	0
Provision (reversal) for expected loss in doubtful receivables	0	0	0	0	0	0
Provision (reversal) for contigencies	0	0	0	0	690	0
Provision (reversal) for impairment of long-lived assets	0	0	0	0	0	0
Provision (reversal) for onerous contracts	0	0	0	0	0	0
Provision (reversal) for investment losses	0	0	0	0	0	0
Minor shareholders' share	16	0	0	0	0	0
Charges on resources from shareholders' compensation	0	0	0	0	0	0
Financial Instruments - Derivatives Net Income	0	0	0	(437,428)	0	0
Other adjustments before IR / CS (LAIR)	42,474	154,189	(377,221)	0	277,580	1,069
(Increase) decrease on operating assets/liabilities	(97,664)	1,351,077	246,913	871,174	(521,386)	6,340

Cash flows from Operating Activities	655,576	1,331,981	137,507	2,017,900	80,186	7,717

Payment of interest	(182,598)	(34,467)	(72,786)	(54,289)	(236,905)	0
Receipt - amortization of contractual asset (RAP)	153,911	208,830	521,524	874,162	0	0
Receipt - amortization of contractual asset (RBSE)	2,227,490	1,439,156	298,432	(688,927)	0	0
Receipt of financial charges	0	0	0	0	0	0
Payment of income tax and social contribution	(893,702)	(361,993)	(50,984)	(303,718)	(18,577)	0
Payment of refinancing of taxes and contributions - principal	(14,590)	0	0	0	0	0
Receipt of remuneration for investments in equity interests	29,962	0	0	0	0	11,548
Pension Plan Payments	(44,890)	(99,746)	(1,886)	0	(2,415)	0
Payment of legal provisions	0	(37,130)	(70,696)	(422,452)	0	0
Judicial Deposits	(30,573)	70,961	11,507	110	1,648	0

Net Cash provided by Operating Activities	1,900,586	2,517,592	772,618	1,422,786	(176,063)	19,265

Financing Activities
Loans and financing	0	23,456	0	0	0	0
Payment of Loans and financing - principal	(785,576)	(109,890)	(253,696)	(56,100)	(157,059)	0
Payment of Shareholders Remuneration	0	(1,949,037)	(245,149)	(721,617)	0	0
Advances for Future Capital Increase (AFAC)	0	0	(90,782)	0	850,000	0
Payment of leasing - IFRS 16	(11,140)	0	(3,788)	(7,676)	0	0
Others	270	0	0	(76,202)	0	(18,952)
Net Cash provided by Financing Activities	(796,446)	(2,035,471)	(593,415)	(861,595)	692,941	(18,952)

Investment Activities

Loans and financing - payment	0	0	0	0	0	0
Loans and Financing - Receipt	0	0	0	0	0	0
Acquisition of fixed assets	(154,042)	(44,550)	(48,396)	(73,697)	(477,504)	(41)
Acquisition of intangible assets	(1,370)	(10,435)	(1,041)	(3,684)	(10,905)	0
Capital investment in equity investments	(43,716)	0	(8,463)	0	0	(17,495)
Investment for future capital increases	0	0	0	0	0	0
Disposal of investments in equity interests	0	0	0	(475,484)	0	18,275
Others	(1,060,179)	(448,981)	(113,767)	0	(21,719)	0
Net Cash from investments activities	(1,259,307)	(503,966)	(171,667)	(552,865)	(510,128)	739

Net increase (decrease) in cash and cash equivalents	(155,167)	(21,845)	7,536	8,326	6,750	1,052
Cash and cash equivalents – beginning of period	277,448	58,548	10,674	1,145	9,051	182
Cash and cash equivalents – end of period	122,281	36,703	18,210	9,471	15,801	1,234
	(155,167)	(21,845)	7,536	8,326	6,750	1,052

FURNAS	DESCRIPTION

Analysis of Income

The Company posted in 2Q22 an income of 173% lower that recorded in 2Q21, going from a profit of R$ 544 million in 2Q21 to a loss of 406 million in 2Q22, mainly due to the factors described below.

Operating Revenue

The Net Operating Revenue posted an increase of 23.1% in 2Q22 compared to 2Q21, going from R$ 2,388 million in 2Q21 to R$ 2,940 million in 2Q22. The variations of each revenue account are detailed below:

Gross Revenue - BRL Thousand	2Q22	2Q21	Variation (%)	Analysis
Generation	1,461,732	1,347,620	8.5
Supply	616,665	599,377	2.9	The variation is mainly due to: (i) seasonality and price adjustment of ACR (regulated Market) contracts by R$25 million; Being partially offset by: (ii) lower amount of energy traded in the ACL (Free Market) (1,768 GWh in 2Q21 to 1,586 GWh in 2Q22, representing a decrease of R$ 3 million; and (iii) lower dispatch from the Santa Cruz thermal plant in 2022 (58,159 MWh against 485,342 MWh in the same period in 2021), representing a reduction of R$ 8 million; In addition, (iv) there is also a positive amount of R$ 3.4 million referring to Brasil Ventos due to the adjustment of the tariff by the IPCA, by approximately 10%, for 2022.
Provision	340,178	309,108	10.1	The variation is mainly due to: (i) readjustments in the unit prices of supply contracts, linked to HPP Itumbiara (Law 13,182), of approximately 9%, resulting in an increase of R$ 28 million in the period; and (ii) start of new supply contracts started in 2022, representing an increase of R$ 3 million.
Short Term Market (CCEE)	122,263	61,527	98.7	The variation is mainly due to: (i) variation of the GSF for the period, which increased by approximately 6% (average of 76% in 2021 and 87% in 2022), despite the drop in the average PLD (Differences Settlement Price) of R$ 229.44 in 2Q21 to R$ 55.70 in 2Q22), and the lower energy sales in the period, which together with GFOM (Geração Fora da Ordem de Mérito) from TPP Santa Cruz in the month of Apr/22, provided a greater amount of energy to be settled in comparison with the previous period and, consequently, a higher result in the MCP (Short-term Market).
O&M Revenue - Upgraded Power Plants Law 12783/2013	378,720	361,494	4.8	The variation is mainly due to: (i) annual adjustment of RAG (approximately 2.2%), which reflects an increase of R$ 7 million, according to Aneel Homologatory Resolution nº 2,902/2021; and (ii) the variation in CFURH and, consequently, in PIS/COFINS, which represented an impact on revenue in the amount of R$10 million for the period.
Revenue from Generation Construction	3,906	16,114	-75.8	The variation is mainly due to the following reason: (i) the value is based on the investment made, so there is no comparability with past periods. The variation that occurred in the Furnas plants (2Q21 = R$2.64 million and in 2Q22 = R$789 thousand) and in Porto Colombia (2Q21 = R$9.63 million and in 2Q22 = R$289 thousand) stands out. With Law 14,182/21, the treatment for quota plants was changed and from Jun/22 there will no longer be accounting of the financial asset generation in construction revenue.
Transmission	1,894,898	1,498,990	26.4
Revenue from Operation & Maintenance – Renewed Lines	503,799	492,164	2.4	The variation is mainly due to: (i) an increase in revenue from the start-up of new equipment, around 20 million more, in the 2Q22 x 2Q21 ratio. However, (ii) there was a decrease, in 2022, in the amount billed by facilities dedicated to Itaipu, in the amount of R$ -9 million. This drop was due to the reduction in the amounts of distributors. Remembering that the amount billed by Itaipu is the product of an amount x a tariff, where the tariff was readjusted, but the amount was reduced.
Revenue from Operation & Maintenance	54,535	40,271	35.4	The variation is mainly due to: (i) increase due to the change of tariff cycles, based on the current regulation - REH no. 2,959/21 - which, in its annexes, details the readjustments of the Transmitters' RAPs. Highlight for the contracts of Macaé Campos, which varied between 2Q21 and 2Q22 by 38% (R$ 2.09 million) and Ibiúna Batéia, with a variation of 38% (R$ 16.42 million), impacted by the amounts of billed RAP, which underwent adjustments to obtain the corporate accounting model.
Revenue from Construction	42,393	42,119	0.7	The variation is mainly due to: (i) slight increase in the volume of transmission projects being built by the company compared to the same period in 2021, mainly in contract 062/2001. Investments, in general, are linked to Aneel's authorizing resolutions containing reinforcements and improvements to the existing system.
Contractual Revenue - Transmission	1,294,171	924,436	40.0	The variation is mainly due to: (i) the increase in the active balance of the RBSE, substantially resulting from the reprofiling of the RBSE and the complementary consideration of the KE in the RAPs related to the RBSE, recorded in September 2021.
Other Revenues	8,029	11,709	-31.4
Deductions from Operating Revenue	-424,257	-469,976	-9.7	The variation is mainly due to: (i) reduction in PIS/PASEP and COFINS of R$ -28.3 million, as credits were used to reduce the tax calculation base; and (ii) a R$15.4 million reduction in CDE (Energy Development Account) due to the registration of an extra quota in 2Q21, which did not occur in 2Q22.
ROL	2,940,402	2,388,343	23.1

Operating Costs and Expenses

The Operating Costs and expenses posted an increase of 61.6% in 2Q22 compared to 2Q21, going from R$ 1,307 million in 2Q21 to R$ 2,118 million in 2Q22, in view of the reasons below:
	-2,972,805	-2,584,461	15.0
PMSO - BRL Thousand	2Q22	2Q21	Variation (%)	Analysis
Personnel	-311,904	-263,034	18.6	The variation is mainly due to: (i) increase of R$ 37.07 million, mainly due to (i) 12.13% readjustment of ACT22/23 (IPCA), impacting 2 months of 2Q22, as the aforementioned ACT started in May/22, and the 2022 salary progression, while the 2021 ACT, with an adjustment of 6.46%, did not impact 2Q21, as the provision was made only in September 2021. Thus, the aforementioned adjustments only affected 2Q22 and had an impact on: (a) R$21 million in Salaries; (b) R$2 million in vacations; (c) R$2.8 million in Christmas bonus; (d) R$8.2 million in Employees' Social Security; and (e) R$ 2.8 million in FGTS (higher variations). (ii) Contribution to Fundação-Matenedor Plano CD (CD Plan Foundation-Keeper) in the amount of R$ 3.24 million; (iii) Hazardous work amounting to R$1.9 million; (iv) Additional for length of service in R$1.9 million; and (v) lower allocation to investment, which reflects an increase in the personnel account of R$ 4.98 million in the Consumption of activities item, causing an increase in Personnel by the same amount, as less expenses were allocated to investment.
Material	-11,315	-5,464	107.1	The variation is mainly due to: (i) increase in Operational Maintenance material - direct acquisition, in the amount of R$ 4.1 million and that compared to 2Q21, still in a pandemic scheme, maintenance was much lower ; and (ii) the R$1.4 million increase in Fuel and Lubricants, essentially impacted by the rise in prices in recent months.
Services	-154,284	-114,901	34.3	The variation is mainly due to: (i) increase in Medical, Hospital, Dental care of R$ 18.56 million (due to the damming of expenses related to the use of the health plan, due to the pandemic in 2021 , where elective surgeries were not being authorized and the use of the plan dropped during this same period in 2021. In addition, there is still an impact of maintaining the old AIS plan for those incentivized (former company employees who left in previous Voluntary Dismissal plans with financial incentive); (ii) increase in expenses with Financial System Services of R$ 13.3 million related to the consultancy to obtain a waiver from creditors of Furnas debentures, for the purpose of contribution to SAESA; and (iii) increase in expenses with Infrastructure Sharing (Coordination Costs Global CSC) at R$ 4.4 million.
Other	-106,497	-151,728	-29.8
Donations and Contributions	-9,901	-14,901	-33.6	The variation is mainly due to: (i) reduction of amounts paid as "Contribution to CEPEL" in 2022, compared to 2021 (approximately R$ -650 thousand per month). In addition, (ii) an additional installment was paid in 2Q21 (R$ 3.06 million at the time), totaling four in the quarter, which did not occur in 2Q22.
Other Operating Expenses	-96,596	-136,827	-29.4	The variation is mainly due to: (i) reductions in indemnities, losses and damages of R$ -17.6 million, while 2Q21 was negatively impacted by the Nova Engevix process R$ 45 million, 2Q22 was impacted negatively by the CMELPAR process R$ 27.62 million; (ii) reduction in Operating Losses, where R$ -28.9 million are due to the loss with the acquisition of equity interest in Serra do Facão, owned by Camargo Correa at the time, which took place in May/21; and (iii) reduction in Bank Guarantee by R$ -11.7 million. On the other hand, there is (iv) an increase in Judicial Convictions - Labor of R$ 14.14 million (R$ 13.3 of which refer to the payment of a lawsuit filed by the Engineers Union of the State of Rio de Janeiro); and (v) increase in Civil/Other Court Convictions of R$3.2 million.
TOTAL PMSO	-584,000	-535,127	9.1

Operating Costs - BRL Thousand	2Q22	2Q21	Variation (%)
Energy Purchased for Resale	-352,089	-256,469	37.3	The variation is mainly due to the following reasons: (i) The variation of R$105 million in Energy Purchased for Resale is due to: (a) the price readjustment of the current purchase agreements of approximately 14% in the period, representing an increase of approximately R$38 million ; (ii) Purchases made in 2Q22 (taking advantage of market opportunities, including incentivized energy) without comparison in 2021, totaling R$67 million for the period; (ii) There was no variation on Energy Purchased for Short Term Resale, because in both quarters, the 3 results of the MCP (Short-term Market) were positive; and (iii) there is also an increase in tax recovery of R$ -9.7 million in PIS/COFINS items.
Charges on Electricity Grid Use	-194,188	-189,337	2.6	The variation is mainly due to the following reasons: (i) the transmission tariffs-TUST in effect in 2Q22 (Res.H ANEEL 2,896/21) generated increases of about 2% on the transmission charges-EUST in relation to 2Q21 (Res.H ANEEL 2,726/20); (ii) a higher-than-usual increase in Distribution Tariffs-TUSD, such as a 25% increase in Light's TUSD for the Santa Cruz and Funil plants (Res.H ANEEL 2,835/21 over 2,667/20), which which led to the increase presented in the total amount of usage charges paid by our plants.
Construction Expense	-46,135	-58,070	-20.6	The variation is mainly due to the following reasons: (i) the amount is based on variations in investments in generation and transmission contracts in the period: (a) Construction expenses in Generation in 2Q22 totaled R$ -16.11 million and in 2Q22 the amount was R$ -3.90 million; (b) As for the transmission, the amount referring to the other contracts in 2021 was R$ - 340 thousand and in 2022 it was R$ -166 thousand. In contract 062/01, the amounts for 2021 and 2022 totaled R$ -41.62 million and R$ -42.06 million, respectively. (ii) With Law 14,182/21, the treatment for quota plants was changed and as of June 22 there will no longer be any accounting of the financial asset generation in construction expenses.
Fuel	-91,849	-233,030	-60.6	The variation is mainly due to: (i) difference in the dispatch of the Santa Cruz plant, which in 2Q22 had a generation of 58,159 MWh (referring to the month of April/22, since in May and June there were no generation of Sta. Cruz) and in the same period of 2021 a generation of 485,342 MWh, representing a decrease of 427,183 MWh.
Depreciation and Amortization	-97,247	-70,579	37.8	The variation is mainly due to: (i) increase in monthly amortization caused by the monthly quota in the amount of R$ 6.2 million from the GSF due to the effect of the extension of the concession term for the plants affected by Resolutions: REH 2,932 /21 and REH 2,919/21. Affected plants: HPP Funil, HPP Furnas, HPP Corumbá, HPP Luis Carlos B de Carvalho, HPP Itumbiara, HPP Marimbondo, HPP Mascarenhas de Moraes and HPP Porto Colombia. Additionally, there was (ii) an increase in the item due to Brasil Ventos in the amount of R$7.3 million.
TOTAL Operating Costs	-781,508	-807,485	-3.2
		-439,981
Operating Provisions - BRL Thousand	2Q22	2Q21	Variation (%)
Operating Provisions	-746,281	35,744	2,187.8	The composition of provisions in 2Q22 is mainly due to: (i) constitution of Investment Losses, in the amount of R$ 877 million, due to the capital contribution of R$ 1,582 million in June, considering the analysis of the value of SAESA's shareholders' equity, there was a need to write off the investment up to the limit of the contribution value; (ii) reversal of the Onerous Contracts of R$280 million referring to the Funil Plant; On the other hand, there were: (iii) Contingencies: Constitution of R$ 104.38 million, with emphasis on the constitution of R$ 67.4 million due to the change in the risk classification to "Probable" of the process opened by Fundação Real Grandeza, referring to the supplementation of pensions of 2013; (iv) Allowance for Doubtful Accounts: Constitution of R$ 49.5 million, mainly due to the increase in the IGPM and dollar indexes; and (v) GAG Improvement: Constitution of R$ 20.36 million based on investments made.
		-468,532

Financial Income - BRL Thousand	2Q22	2Q21	Variation (%)
Financial Revenue	212,983	88,358	141.0
Revenue from Financial Investments	91,279	12,308	641.6	The variation is mainly due to: (i) the increase in income in the BB RF REF DI, BB Extramarket FAE and FAE2 funds of Banco do Brasil S.A.
Revenue from Financing and Loans	8,276	10,242	-19.2	The variation is mainly due to: (i) lower increase in the index of amounts receivable from CELG in 2Q22 compared to the same period in 2021 (IGPM1, which increased by 3.71% in 2Q22 and 8.77 % in 2021).
Energy Late Payment Addition	786	243	223.5	The variation is mainly due to: (i) increase in revenue from Charges Electric Energy Commercialization Chamber (CCEE), Short-Term Market settlement of approximately R$542 thousand.
Inflation Adjustment on Assets	66,484	64,228	3.5	Small variation (less than 5%) in relation to the previous period.
Exchange Rate Change on Assets	30,018	-4,708	737.6	The variation is mainly due to: (i) positive variation in the foreign currency quotation in 2Q22 compared to the same period in 2021, when the variation was negative, mainly impacting the energy customer account in dollar. (in 2Q22: from 4.7378 to 5.2380 and in 2021: from 5.6973 to 5.0022). Client: GAMEK - Utilization Office of Middle Kwanza.
Other Financial Revenues	16,140	6,045	167.0	The variation is mainly due to: (i) fines for contractual termination with the company Leros Energia e Participações S.A. in the amount of R$ 12,076 thousand, related to an energy supply contract, which provided for fines in case of of termination, and (ii) reduction in the participation of quotas in investments in the amount of R$ 1,407 thousand.
Financial Expenses	-524,747	-107,585	387.8
Debt Charges - Loans and Financing	-217,700	-94,750	129.8	The variation is mainly due to the following reasons: (i) raising of 7 new loan agreements between 3Q21 and 2Q22, generating an impact of approximately R$ 86 million more in the result of 2Q22 in relation to 2Q21; (ii) increase in charges on loan agreements indexed to CDI in 2Q22, compared to the same period in 2021, with an impact of approximately R$24 million; (iii) an increase in the provision for loan charges of SPE Brasil Ventos by approximately R$6 million; and (iv) payment of a waiver on the debentures of approximately R$7 million in June 2022 (CDI in 2Q22: 13.15 and in 2Q21: 4.15).
Charges - Leasing	-2,624	-2,649	-0.9	Variation with little impact on the financial result.
Charges on Shareholders’ Compensation	-90,661	-15,552	483.0	The variation is mainly due to: (i) At Eletrobras: (a) increase in dividends of R$65 million, of which R$50,775 refers to the update from Jan/17 to Dec/21) on retained dividends; (b) increase in interest on capital by R$9.5 million; and (ii) Minority: (a) increase in dividends of R$ 289 thousand, of which R$ 233 thousand refer to the update from Jan/17 to Dec/21; and (b) increase in JPC of R$42 thousand. The variation is due to the update of the base, which was approximately R$1,229,024 million in 2021 and, for 2022, it is approximately R$912,813 million. The base is updated by SELIC (2021 - 0.77% / 2022 - 2.86%).
Inflation Adjustment on Liabilities	-39,014	-36,088	8.1	The variation is mainly due to the following reason: (i) a greater positive variation in the indexes of loans payable, especially those of Eletrobras and Debentures, in 2Q22, compared to the same period in 2021, as follows: (a) Eletrobras ( IPCA-EBRAS - 2Q22: 240.073 to 246.382 or 2.63%, and 2Q21: 216.852 to 221.304 or 2.05%); (b) Debentures (DIPCA - 2Q22: 1,173.04892 to 1,206.51746 or 2.85% and 2Q21: 1,060.11087 to 1,079.22185 or 1.80%); (ii) termination of a loan agreement with Eletrobras in 3Q21, causing this variation to approach 0.00 (zero); (iii) monetary variation on the Granting Bonus paid in June 2022 caused the variation to increase by approximately R$3.9 million, due to the expense with SELIC adjustment on the Granting Bonus between 06/18 and 06/20/22 .
Exchange Rate Change on Liabilities - Obligations with CDE	-37,423	0	-	The variation is due to the updating by the IPCA of the obligations assumed with the CDE (Energy Development Account) determined by Law No. 14,182/2021, in the process of privatization of Eletrobras.
Exchange Rate Change on Liabilities - Revitalization of the Watershed	-5,109	0	-	The variation is due to the updating by the IPCA of the obligations with the watershed revitalization projects determined by Law No. 14.182/2021, in the process of privatization of Eletrobras.
Adjustment at Fair Value RBSE (Expense)	-63,723	57,055	211.7	The variation is mainly due to: (i) increase in the foreign currency quotation in the analyzed period of 2022 in relation to the same period of 2021, when it presented a negative variation, which mainly impacted the loans payable in dollars. (in 2Q22: from 4.7378 to 5.2380 and in 2021: from 5.6973 to 5.0022). Currently, 4% of the debt is indexed to the exchange rate. (Contracted at USD 2.0626 for contract ECR 258/97 - BID 1051).
Other Financial Expenses	-68,493	-15,601	339.0	The variation is mainly due to: (i) an increase in the IOF item on Loans in the amount of R$47 million.
Financial Income	-311,764	-19,227	1,521.5
		-104,506
Equity Interests (Equity Method) - BRL Thousand	2Q22	2Q21	Variation (%)
Equity Interests (Equity Method)	131,748	-136,074	196.8	The variation is mainly due to: (i) negative impacts due to the following Companies: (a) Madeira Energia S.A.: The variation basically refers to the discontinuity of the equity method in MESA, which went from a negative net amount of R$246 million in 2Q21 to zero, due to the contribution made to the company in 2Q22; (b) MGE Transmissão (R$ -9.4 million); (c) Goiás Transmissão (R$ -5.6 million); and (d) Teles Pires Participações (R$ -5.9 million); Being partially offset by the positive impacts of the following Companies: (a) Madeira Electric Interconnection (R$ 10.23 million); (b) Serra do Facão Energia S.A. (R$ 17.82 million); and (c) Retiro Baixo Energia S.A. (R$ 10.74 million).

Other Operating Revenues and Expenses - BRL Thousand	2Q22	2Q21	Variation (%)
Other Operating Revenues and Expenses	2,130	0	-	The variation is mainly due to: (i) revenue received from Light Serviços de Eletricidade, in the amount of R$70.66 million, referring to the onerous transfer of transmission assets (compulsory DITs), object of the matching of accounts between Furnas and Light (regarding the 3rd installment of the agreement R$ 120 million - process 00227 69-87.2006.8.19.0001, which settlement began in 2020). The counterpart of this entry, consisting of the write-off of the respective assets, will initially occur in Jul/22. As a result, a provision in the amount of R$ -68 million was constituted in Jun/22, as an estimate of the amount to be written off in Accounting. The composition of the DIT's is still being determined. It is worth remembering that the 1st installment was R$336 million in Dec/20 and the 2nd installment was R$40 million in Dec/21, both with payment via bank deposit. These payments were made by lowering the Accounts Payable x Account Bank. The 3rd installment of R$ 120 million (which can be partially or fully paid through the transfer of assets).
Effect of Law 14,182/2021 - BRL thousand	2Q22	2Q21	Variation (%)
Effect of Law 14,182/2021	-1,338,982	0	-	The variation is due to the following reasons: (i) by determination of Law No. 14,182, in the process of privatization of Eletrobras, the concessionaires are no longer entitled to indemnities for investments linked to reversible assets, not yet amortized or not depreciated, which concessions were extended, under the terms of Law No. 12,783/2013, with this the Company recorded a loss of R$ 1,067,028 thousand with these indemnities being irrecoverable; and (ii) Investments not yet amortized, related to concessions not renewed by Law No. 12,783/2013, were considered by the CNPE, in the process of privatization of Eletrobras, for use in the acquisition of new concession contracts, however, for the HPPs Itumbiara and Mascarenhas de Moraes no amounts to be indemnified were foreseen, since the CNPE considered that the assets of these plants, on 01/01/2022 or later, will be 100% depreciated, with this the Company recorded a loss of R$ 271,954 thousand with irrecoverability of these assets.
		0
Income Tax and CCSL - BRL Thousand	2Q22	2Q21	Variation (%)
Current IR and CSLL	210,991	-431,360	-148.9	The variation is mainly due to the following reasons: (i) a significant drop in pre-tax income from R$2 billion to R$421 million, due to the records of loss in the liquidation of the financial asset - quota plants Law 14,182/21 and negative results of equivalence in MESA.
Deferred IR and CSLL	71,306	58,929	-21.0	The variation is mainly due to the following reasons: (i) the recognition of expenses with deferred income tax/CSLL on the reversal of the loss with unsecured liabilities in the investee SAESA, in the approximate amount of R$ 257 million (34% of 756 million ). Regarding the amounts recorded in Mar22 and May22, the impact was R$17 million (34% of R$50 million - revenue in deferred charges). As in Dec/21 the recognition of this loss reflected in the recognition of deferred assets, the reversal consequently reflects in the recognition of deferred liabilities, which counterpart is deferred IR/CSLL expense; (ii) there was also the reversal of the onerous contract of approximately R$95 million, offset against the IR/CSLL expense; Additionally, (iii) a provision was made for Loss of MESA Investments in the amount of R$ 1,583 billion (34% totaling 538 million), reflecting a recognition of deferred assets as a contra entry to deferred income tax/CSLL.
Minority Interest	7	-7	200.0	Variation with little materiality in the Result.

ELETRONORTE	0

Analysis of Income

The Company posted in 2Q22 an income 11.3% higher that recorded in 2Q21, going from a profit of R$1,334 million in 2Q21 to a profit of R$ 1,485 million in 2Q22, mainly due to the factors described below.

Operating Revenue

The Net Operating Revenue posted an increase of 4.4% in 2Q22 compared to 2Q21, going from R$ 2,584 million in 2Q21 to R$ 2,697 million in 2Q22. The variations of each income account are detailed below:
	27	237	-210
Gross Revenue - BRL Thousand	2Q22	2Q21	Variation (%)	Analysis
Generation	2,396,151	2,341,140	2.3
Supply	1,786,426	1,604,281	11.4	The variation is mainly due to: (i) In the ACL (Free Market): (a) R$44 million increase in sales at HPP Tucuruí (2Q21 R$468 million X 2Q22 R$512 million), due to the 3% increase in energy sold (2Q21 1,492 MWavg X 2Q22 1,534 MWavg). In relation to the sale price, there was an increase of 6% (2Q21 R$ 143.76/MWh X 2Q22 R$ 152.88/MWh); (b) R$ 11 million increase in revenue from the sale of HPP Samuel (2Q21 R$ 34 million X 2Q22 R$ 45 million) due to a 2% increase in Contract Prices (2Q21 R$ 254.29/ MWh X2Q22 R$ 258.57/MWh) and the 29% increase in the amount of energy sold (2Q21 62 MWavg X 2Q22 80 MWavg). (ii) In the ACR (Regulated Market): (a) R$96 million increase in revenue from the sale of PIEs (Independent Power Producers) in the capital (2Q21 R$625 million X 2Q22 R$721 million) due to a 15% increase in Contract Prices linked to the IGPM (2Q21 R$ 888.95/MWh X 2Q22 R$ 1,017.90/MWh). These contracts are entered into with the distribution company Amazonas Energia; (b) R$ 3 million increase in revenue from the sale of IPPs in the interior (2Q21 R$ 22 million X 2Q22 R$ 25 million) due to an 11% increase in Contract Prices linked to the IGPM (2Q21 R$ 1,428.95/MWh X 2Q22 R$ 1,584.77/MWh). These contracts are entered into with the distribution company Amazonas Energia; (c) R$ 8 million increase in HPP Balbina sales (2Q21 R$ 82 million X 2Q22 R$ 90 million), as a result of the 11% increase in contractual prices (2Q21 R$ 345.45/MWh X 2Q22 R $382.32/MWh); and (d) R$ 20 million increase in sales at TPP Mauá (2Q21 R$ 283 million X 2Q22 R$ 303 million), as a result of the 11% increase in contractual prices (2Q21 R$ 345.45/MWh X 2Q22 R $383.32/MWh) the amount of energy remained constant at 108 MWavg.
Provision	429,934	337,295	27.5	The variation is mainly due to: (i) the increase in Albras billing (800 MW/avg contract), by R$ 84 million, due to the readjustment of the base price and the variations of the parameters, defined in the contract, used for the calculation of the final sale price, which are aluminum price, Dollar and sector charges, with emphasis on: (a) update of the base price by the IGP-M of 32%, in May/21, from R$ 134, 77/MWh to R$177.92/MWh, and 15%, in May/22, to R$204.00/MWh; (b) 38% increase in average aluminum prices (US$ 2,333 2Q21 X US$ 3,224 2Q22); and (c) negative variation of 7% in the average dollar conversion rates (2Q21 R$5.30/US$ X 2Q22 R$4.92/US$); (ii) variation of R$ 9 million due to the 31% readjustment of other contracts (78 MW/avg contracts) for the sale of HPP Tucuruí (2Q21 R$ 175.45/MWh X 2Q22 R$ 229.94/MWh).
Short Term Market (CCEE)	170,316	391,149	-56.5	The variation is mainly due to the following reasons: (i) in relation to the Tucuruí, Samuel and Curuá-Una Hydraulic Plants, there was: (a) a 74% reduction in PLD (Differences Settlement Price) (2Q21 R$ 211.26/MWh X 2Q22 R$ 55.70/MWh), due to improved hydrology; partially offset by: (b) 21% increase in post-GSF seasonal physical guarantee (2Q21 2,803 MWavg X 2Q22 3,398 MWavg); and (c) a 2% increase in energy sold through bilateral contracts (2Q21 2,455 MWavg X 2Q22 2,502 MWavg).
O&M Revenue - Upgraded Power Plants Law 12783/2013	9,475	8,415	12.6	The variation is mainly due to: (i) 15% readjustment of the RAG occurred in July 2021, according to resolution 2902, of 07/20/2021.
Transmission	855,606	705,602	21.3
Revenue from Operation & Maintenance – Renewed Lines	189,993	88,341	115.1	The variation is mainly due to: (i) increase in revenue of R$ 130.4 million due to the decrease in the reducing portion of amortization, from R$ 369.5 million to R$ 239.1 million (average) as a result of the Tariff Review process of contract 058/2001, offset by (ii) a R$122.2 million reduction in billed revenue, mainly impacted by the reduction in Approved Revenue for the cycle, Adjustment Installment and PIS/PASEP/ COFINS, all referring to Contract 058/2001 as amended by ANEEL Homologatory Resolution 2,959/2021; and (iii) increase of R$ 94 million, as in 2021, there was an accounting reclassification between renewed and non-renewed O&M revenue, which adjusted 2Q21, without impacting total transmission revenue.
Revenue from Operation & Maintenance	99,676	179,751	-44.5	The variation is mainly due to: (i) increase of R$ 20.3 million in billed revenue; (ii) a R$6.2 million decrease in revenue due to the increase in the amortization reduction portion (67.6 million in 2021 vs. 73.8 million in 2022); and (iii) decrease of R$ 94 million, as in 2021, there was an accounting reclassification between renewed and non-renewed O&M revenue, which adjusted 2Q21, without impacting total transmission revenue.
Revenue from Construction	15,132	41,903	-63.9	The variation is mainly due to: (i) reduction in the volume of transmission projects being built by the company compared to the same period in 2021, mainly in contracts 058/2001, 021/2009, 012/2009, 001 /2009 and 012/2011. Investments, in general, are linked to Aneel's authorizing resolutions containing reinforcements and improvements to the existing system.
Contractual Revenue - Transmission	550,805	395,607	39.2	The variation is mainly due to: (i) the increase in the active balance of the RBSE (Basic Network of the Existing System), substantially resulting from the reprofiling of the RBSE and the complementary consideration of the KE in the RAPs related to the RBSE, recorded in September 2021.
Other Revenues	180,250	125,764	43.3	The variation is mainly due to: (i) increase in the following accounts: (a) R$ 29.7 million in CDE (Energy Development Account); (b) R$10.5 million in Proinfa; (c) R$3.9 million in Operation and Maintenance services; (d) R$3.2 million in leases and rentals; (e) R$796 thousand in Telecommunications; and (f) R$6.4 million in other revenues.
Deductions from Operating Revenue	-735,093	-588,389	24.9	The variation is mainly due to: (i) an increase of R$ 150.1 million in the following accounts: (a) R$47.3 million in PIS/PASEP/COFINS; (b) R$36.3 million in CDE; (c) R$28.2 million in ICMS; (d) R$27.4 million in RGR; (e) R$6.4 million in CFURH; (f) R$4.3 million in Proinfa; and (g) R$76 thousand in ISS, partially offset by (ii) a reduction of R$3.4 million in the following accounts: (a) R$1.9 million in R&D; and (b) R$1.5 million in TFSEE.
ROL	2,696,914	2,584,117	4.4

Operating Costs and Expenses

Operating expenses and costs presented, in 2Q22, an increase of 81.4% vis-à-vis 2Q21, from R$ 939 million in 2Q21 to R$ 1,704 million in 2Q22. Variations for each expense account are detailed below:
	-1,312,204	-1,796,944	-27
PMSO - BRL Thousand	2Q22	2Q21	Variation (%)	Analysis
Personnel	-337,856	-306,262	10.3	The variation is mainly due to: (i) application of the ACT 2022 (Collective Labor Agreement) with an increase of 12.13% and a total impact of R$44 million, recorded as a provision in the quarter that impacted, among other accounts: (a) Salaries, R$15.8 million; (b) Vacations, of R$11.7 million; (c) Christmas Bonus, of R$5.8 million; (d) Social Security, of R$4.7 million; (e) Vacation bonus of R$4.5 million; (f) Contributions to the FGTS, of R$ 1.4 million. (ii) increase of R$10.6 million in: (a) Dangerous work, of R$3.2 million, impacted by the resumption of activities in risk areas after the pandemic period; (b) Additional for length of service, of R$2.7 million, impacted by the merit paid in April/22; (c) Food/meal allowance of R$1.8 million; (d) Function bonus R$ 1.1 million, due to restructuring carried out in the company that increased the number of employees in positions that receive function bonuses; (e) Medical-hospital reimbursement, of R$ 0.9 million, due to the adjustment in the accounting of reimbursement items, which were being recorded in a health plan co-participation account; (f) Life and accident insurance, of R$ 0.8 million, due to the invoice referring to June/2021 having been offset only in July/2021. (iii) The application of the ACT 2021 of 6.76% from Sep/21 and retroactive to May/21 had an impact of approximately R$6.4 million. This was practically offset by the dismissals that happened in 2021. The increases caused by both ACTS were partially offset by: (iv) lower Co-participation with health plan, in R$ 24 million, as the entries are not linear, because they depend on the plan's collection, and in April 2021, there was a high payment due to accountability for November and December 2020.
Material	-16,795	-13,515	24.3	The variation is mainly due to the increase in: (i) R$ 1.1 million in fleet maintenance material; (ii) R$ 1 million in administrative and office material; (iii) R$ 770 thousand in the purchase of fuels and lubricants (except production); and (iv) R$ 393 thousand in material for operational maintenance directly acquired.
Services	-74,492	-81,978	-9.1	The variation is mainly due to: (i) higher COFINS and PASEP credits (reducing accounts, which reduce the group's realization in 2022), of R$16.4 million and R$3.6 million, respectively , with no counterpart in 2021, as in 2021 the amounts of these accounts were recorded in expense recovery; partially offset by (i) an increase in the following types of expenses, largely driven by the return to face-to-face activities: (a) maintenance of operating assets, of R$4.6 million; (b) maintenance of office furniture and equipment, of R$4.1 million; (c) security and surveillance services, in the amount of R$3.2 million; (d) driver services, in the amount of R$2.1 million; (e) environmental services, of R$1.6 million; and (f) third-party consulting services, in the amount of R$1.5 million; partially offset by the reduction in realization in: (a) medical, hospital and dental care of R$3.4 million (this item is not used in 2022); and (b) IT services in R$1.3 million.
Other	-52,791	-46,198	14.3
Donations and Contributions	-1,493	-1,573	-5.1	The variation is mainly due to: (i) reduction in the following expenses: (a) contributions to CCEE (Brazilian Electric Energy Trading Chamber), of R$ 245 thousand, due to the reclassification carried out in Apr/2021 with no counterpart in 2022, as such expenses were of Statutory Contributions and went to CCEE; (b) contributions to the ONS (National Electricity System Operator), of R$ 25 thousand; (c) contributions from the Rouanet Sponsorship Law, of R$ 18 thousand; and (d) annuities and contributions to civil society, of R$11 thousand, partially offset by (ii) an increase in the realization of statutory contributions, of R$219 thousand.
Other Operating Expenses	-51,298	-44,625	15.0	The variation is mainly due to: (i) lower recovery of expenses, by R$ 22.3 million (reducing account, which reduces the group's realization the greater the realization), due to the reclassification of credits from COFINS and PASEP, which in 2022 were launched in Third Party Services; (ii) R$ 4.4 million increase in facilities, equipment and inventories insurance, partially offset by (iii) a R$14.2 million reduction in rental of generator sets (emergency assistance to the state of Amapá in 2021, non-recurring); (iv) reduction in taxes of R$ 3.3 million; and (v) other reductions of R$2.6 million
TOTAL PMSO	-481,934	-447,953	7.6

Operating Costs and Expenses

The Operating Costs and Expenses posted an increase of 21.9% in 2Q22 compared to 2Q21, going from R$ 568 million in 2Q21 to R$ 692 million in 2Q22, with the variations below:
	-1,118,787	-961,145	16.4
PMSO - BRL Thousand	2Q22	2Q21	Variation (%)	Analysis
Personnel	-143,932	-112,587	27.8	The variation is mainly due to: (i) application of the ACT (Collective Labor Agreement) of 6.76% from Oct/21 retroactive to May/21, Merits, career progression with a total impact of R$10.8 million between the periods; (ii) provisions in the amount of R$ 17.3 million related to the ACT 2022-2023 in order to adjust the accrual of 12.3% in a total of R$ 17.5 million, of which R$ 6 million are salaries, R$ 5.6 million vacations, R$1.4 million from Christmas Bonus, R$4.6 million from social security; (iii) R$1.9 million related to an increase in hazardous work; (iv) R$ 0.9 million referring to the return of 140 employees assigned to public bodies after the capitalization process and were reinstated as of June 17; and (v) R$0.9 million from a higher number of employees on vacation in 2Q22 compared to 2Q21; effects that were partially offset by (vi) higher allocation of personnel in investment of R$ 1.2 million between the periods.
Material	-24,012	-18,194	32.0	The variation is mainly due to: (i) adjustments in 2Q21 retroactive to Jan/21 related to the regularization of mineral coal registration for the fuel item, reducing the amount of expenses by R$ 3.7 million in 2Q21; (ii) Reduction in the consumption of quicklime by the Candiota Plant, from 26 thousand tons in 2Q21 to 21 thousand tons in 2Q22, as a result of the 15% reduction in energy production between the periods, with the expense with lime between periods reduced by R$ 3.5 million; (iii) higher expenses with materials in 2Q22 related to the increase in maintenance, especially in the transmission system, with an impact of R$ 2.5 million; and (iv) lower registration of tax credit (PIS/Cofins) between the periods, resulting from the lower consumption of materials by TPP Candiota for the reasons already mentioned above in the amount of R$ 0.9 million and the recording of the credit of Mar/21 in April/21 of R$ 1.5 million.
Services	-48,366	-33,932	42.5	The variation is mainly due to: (i) an increase of R$ 8.5 million due to the annual maintenance stoppage of the Candiota plant which, although carried out in 1Q22, was reflected in the following quarter; (ii) in 2Q21, the effects of measures to combat the Covid 19 epidemic and service contingencies were still felt; (iii) an increase of R$ 5.9 million with the O&M services of the SPEs FOTE and TSLE, consolidated companies and later merged into CGT Eletrosoul; (iv) increase of R$ 0.9 million with consulting services, mainly legal; and (v) an increase of R$0.6 million in trips due to face-to-face return.
Other	-22,768	-19,087	19.3
Donations and Contributions	-729	-754	-3.3	The variation refers to contributions to entities in the electricity sector and shows stability between the analyzed periods.
Other Operating Expenses	-22,039	-18,333	20.2	The variation is mainly due to: (i) R$ 3.3 million increase in property and facilities insurance expenses; (ii) lower expense recovery of R$2.2 million; and (iii) a R$0.8 million reduction in property rental expenses due to the acquisition of a property for the Santa Catarina Regional Office in Jun/21; partially offset by: (iv) increase of R$1.1 million in court costs in 2Q22 compared to 2Q21.
TOTAL PMSO	-239,078	-183,800	30.1

Operating Costs - BRL Thousand	2Q22	2Q21	Variation (%)
Energy Purchased for Resale	-155,645	-148,340	4.9	The variation is mainly due to: (i) an 11.3% increase in the average acquisition price, according to contractual rules, due to the impact of an average inflation of 11.3% (IPCA), increasing the cost by R $10.7 million; offset by (ii) reduction of 20 MWm in the quantity purchased (from 347 MWavg in 2Q21 to 327 MWavg in 2Q22), resulting in a reduction of R$ 10 million in cost; (iii) there was also a reduction in energy purchased at the MCP (Short-term Market), resulting in a cost reduction of R$ 0.1 million; and Finally, (iv) a reduction of R$6.4 million in PIS/Cofins credits on the purchase of energy, of which R$5.6 million resulted from adjustments made on the credits of the first and second quarters of 2022 and R$ 0.8 million arising from the variation between the accrual of expense recognition and credit appropriation.
Charges on Electricity Grid Use	-15,494	-13,756	12.6	The variation is mainly due to: (i) readjustment of tariffs for the use of the transmission system determined by ANEEL Homologatory Resolution No. 2,896/2021 (cycle 2021/22) with an average increase in charges for the basic network by 12.5 % from Jul/21; and (ii) readjustment of the tariffs for the use of the distribution system with specific dates for each distributor.
Construction Expense	-88,325	-25,180	250.8	The variation is mainly due to: (i) the increase in the volume of transmission projects being built by the company between the periods, from R$25.3 million in 2Q21 to R$78.5 million in 2Q22. These investments are linked to Aneel's authorizing resolutions and improvements to the existing system; and (ii) recognition in May/22 of R$10.4 million arising from the TSLE merger process.
Fuel	-62,874	-43,381	44.9	The variation is mainly due to: (i) R$ 3 million increase in the cost of transporting coal and wastes between 2Q21 and 2Q22; (ii) adjustments made in 2Q21 related to the subsidy received and in the material item which net impact in the Fuel for Production item was a reducing effect of R$ 1.2 million in 2Q21; (iii) an increase in prices with coal suppliers (17%) on average, which changed the average prices of inventories, offset by the 10% reduction in consumption between the periods due to lower generation in 2Q22, generating an increase of R$0 .3 million; and (iv) CGT Eletrosul has reimbursed old stock of coal, and in 2Q21 adjustments were made in the way this stock was accounted in order to correct its effects on the result with a reduction effect of R$ 15 million in that period.
(-) Recovery of Expenses - Grant Received	17,385	2,616	564.6	The variation is mainly due to the following reasons: (i) in 2Q21, adjustments were made to the subsidy account with a counterpart in the fuel item, with an impact of R$ 4.9 million. Without the aforementioned adjustments, the subsidy in that period would have been R$ 7.7 million and the remaining variation is justified by (ii) low efficiency of the plant in 2020, considering that due to operational problems it was paralyzed between May and November of that year. The low efficiency in 2020 impacted the percentage of reimbursement to which the company was entitled in 2021.
Depreciation and Amortization	-59,893	-59,728	0.3	Realization remained stable between the periods under comparison.
TOTAL Operating Costs	-364,846	-287,769	26.8
		-144,313
Operating Provisions - BRL Thousand	2Q22	2Q21	Variation (%)
Operating Provisions	-88,545	-96,482	-8.2	The provisions composition in 2Q22 is mainly due to: (i) labor contingencies in 2Q22 were R$64.9 million, R$9.6 million lower than in the same period of the previous year; (ii) Civil contingencies totaled R$26.7 million in 2Q22, R$21.7 million higher than in 2Q21, mainly due to a civil lawsuit referring to an old maintenance contract for thermal plants currently out of operation (R$ 18.5 million); (iii) R$1.5 million in regulatory contingencies; (iv) Allowance for Doubtul Account R$0.3 million; and (v) reversal of R$4.7 million in tax contingencies.

ELETROPAR

Result Analysis

In 2Q22, the Company announced a result 67.9% lower than in 2Q21, from a profit of R$ 7.6 million in 2Q21 to a profit of R$ 2.4 million in 2Q22, mainly due to the factors described below.


Operating Costs and Expenses
Operating expenses and costs increased by 88.9% in 2Q22 compared to 2Q21, from R$1,731 thousand in 2Q21 to R$ 3,270 thousand in 2Q22, with the variations listed below:


Gross Revenue - R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Other Incomes	101	92	9.9	The variation is mainly due to: (i) 2% remuneration from Eletropar referring to Eletronet contracts. These values vary, depending on the use of fibers by Eletronet, and in 2022, Eletronet is using more fibers with the assignors (subsidiaries Eletrobras) than in 2021.
ROL	101	92	9.9


PMSO - R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Personnel	-426	-452	-5.8	The variation is mainly due to: (i) lower vacation payments in May/22 of assigned employee, due to the lower remuneration base in 2022.
Supplies	-9	-19	-50.7	The variation is mainly due to: (i) lower demand for office supplies in this quarter.
Services	-2,835	-1,057	168.2	The variation is mainly due to: (i) hiring an accounting office and reducing the number of assigned personnel, with the replacement of 1 employee requisitioned from other company by a third-party employee.
Other	0	-201	-100.0
Donations and Contributions	0	-21	-100.0	The variation is mainly due to: (i) payment, in April/21, of B3/CVM, with no payments in the same period of 2022.
Other Operating Expenses	0	-180	-100.0	The variation is mainly due to: (i) provision for rents overpaid to Eletrobras for the period of 2021 and settled in the period of 2022; and (ii) adjustments made in 2Q21 related to Eletronet's business.
TOTAL PMSO	-3,270	-1,729	89.1

Operating Costs - R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Depreciation and Amortization	0	-2	-100.0	The variation is mainly due to the following reason: (i) the amortization of the Assets was terminated.
TOTAL OPERATING COSTS	0	-2	-100.0


Financial Result - R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Financial Income	1,590	3,106	-48.8
Income from financial investments	1,590	567	180.4	The variation is mainly due to the following reason: (i) in 2022, there was a significant increase in the rates that make investment funds profitable. The financial assets that make up the Fund's portfolio are directly exposed to the risk of changes in fixed and floating interest rates (SELIC/CDI). In June/22, the SELIC rate was 13.25%.
Other Financial Income	0	2,539	-100	The variation is mainly due to: (i) receipt of dividends from EDP and TAESA; and (ii) updating the amount of IRPJ credits incurred in 2021.
Financial Expenses	-532	-241	120.7
Charges on shareholders' compensation	0	-138	-100.0	The variation is mainly due to: (i) SELIC remuneration on 2021 dividends.
Other Financial Expenses	-532	-103	416.3	The variation is mainly due to the following reason: (i) In 2Q22, the amounts received from Eletronet and not yet passed on to the Assignors are invested in investment funds and the gains calculated on these amounts are also recognized as financial expenses. The remuneration of these Funds is indexed to the SELIC rate. In June/22, the SELIC rate was 13.25%.
Financial Result	1,058	2,865	-63.1

Equity - R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Equity	4,526	6,131	-26.2	The variation is mainly due to: (i) lower gains in equity in the earnings of CTEEP and EMAE, mainly in the receipt of dividends.
Other Operating Income/expenses- R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Other Operating Income/Expenses	20	0	-	The variation is mainly due to: (i) accounting for monetary restatement of EDP's dividends in May/22.


Income Tax (IR) and Social Contribution on Net Income (CCSL) - R$ Thousand	2Q22	2Q21	Variation (%)	Analysis
Current IR and CSLL	0	240	100.0	The variation is mainly due to: (i) tax loss for the year 2022.

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS

By:	/S/ Elvira Baracuhy Cavalcanti Presta
	Elvira Baracuhy Cavalcanti Presta CFO and Investor Relations Officer