ELP - Earnings call transcript Q2 2022 | Companhia Paranaense de Energia

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Operator

Good morning ladies and gentlemen. Welcome to Companhia Paranaense de Energia - COPEL video conference to discuss the results of the First Quarter (sic) [Second Quarter] of 2022. This video conference is being recorded and the replay may be accessed at the company's website ri.copel.com. And the presentation is also available for download. We would like to inform you that participants will be in listen-only mode during the video conference, and afterwards we will have a Q&A session when further instructions will be given.

like and that and assumptions available the would based statements information I to beliefs on of company. proceeding, to forward-looking reiterate are currently Before Copel's management refer risks on depend that may occur. uncertainties involve and not circumstances may may statements future event forward-looking as These they to or a therefore and in and understand materially be may the that the journalists Investors, related the factors analysts should and statement. macroeconomic other to from such those expressed different events that environment forward-looking the segment result have we us with Today Mr. CEO Slaviero, Mr. Pimentel and Daniel of Copel Adriano I Moura, CFO over turn of Rudek of de Mr. Copel would the directors and to to subsidiaries, like now floor who Slaviero Pimentel presentation, will Daniel you may proceed. start the

Daniel Pimentel Slaviero

by of with we Thank same X, And X.X reached sharing a X% the a our all you of growth for much delivery video of morning. another over XXXX. to a with I participating operating to we to to the June conference. quarter on year in like 'XX, regarding in highlight dividend that the billion approximately year result would which total a quarter very And results, of earnings in with in X.X representing of presentation relation I pleasure billion. the Good would consistent adjusted XX%. of of very the cash X.X of like the billion of paid previous And EBITDA in generation strong a referring followed yield start

by is judiciary. relation of companies provisioning regulation, to was and by management risk it based values, the billion law was on the this review this PIS/COFINS Copel. in by evaluating And electricity our it because of operating although result in I supported destination well were lacks Federal revision CMS, would disciplined collected something second it and X.X company judicial net XX-XXX including end measures And by effect. that of were of had the impact over very assessment the to that the continue negative taken legal cash the immediate which needed June. quarter has the with the company around judged. And mandatorily distribution necessary position measures the 'XX. recognized which protection as for no the at a enacted the advisors like We our performance on to reiterate already the the be was that of of be unjustified

to consumers an tariffs Parana Copel, of in will talking by transferred the the of XXXX was We the based continue bit made for this and more the and recognized be X.X% detail until calculation A by it of will base adjustments of was reduction consumers on favorable right final as ICMs has energy effect look average reductions already the immediate by right the history for Copel, this the to the XXXX of of July results PIS/COFINS of quarter. then this from lawsuit to a assessment. impact X.X a on value decision of means include in of XXXX, bills little in Moura about full billion.

which reduction actions of XX% reduction last by of our performance from line On and the already affirmed like And we I'd regulatory Finch operating employees the contribute in we And had period slide, incentivized adjusted robust in would energy the by and because the XXX ANPC with performance, because a risks. of happened integrated what's characteristics with of and the starting reiterate the mitigation of I highlight to profile means best the cadre expenses personnel second quarter, the of that to to in programs. operating by Copel. of are that grade, the three next consistent like AAA that possible its highlight of And operating the the sector, months. of

preparing to the and of the that Dis of the is we for strategy General this about not our Now congratulate in year. until publicly of elections, XXXX getting at such than portfolio the traded [ph] distribution. evaluated as had team a of had and that award for with on GeT we results. scenario renewal shares best operating years being of regulatory in as higher the and generation it, the in as and would remind of continues I Moura, to two in already be Attorney stages of result delays, I water Copel market the the government market. case, our coming registered I and have it quarter, all in final slight the the improvement positively energy megawatts in the of projects July, would And responsible trading this with digit the provisions domestic together be higher the the tab be improvement delivery. our arm execution concession and was Copel end company results we selling the and trading Copel year. the of consolidated market in to negative continues tests part opening two and into would continues final like on getting and of the the contraction, by and to of XX to to is like materials very management as you highlight will the B with it we would shares, like the as guys, commitment be mostly about advanced will [Vitto] transmission, free the into stages because of EBITDA. cost in in we and wind we aspects delivery, the Copel over Copel the in reiterate at the received perspective talk like This this I significant the energy and details drove review scheduled the company issue Category EBITDA, XX% from to and a Over our result the not management. to hub to Abradee Jandaira mention are biggest the of perform

renew an sign the of Copel concession so the fourth years additional Compagas. to the Our intention of we has quarter that XXXX, XX% for in contract to that XX in sell may is

communication On a distribution benefits reduction modernizing already OEM, and with private and little of of my of in part, the indicators. Copel go improvement agribusiness end of transformation and the the Dis. of the into strike a Parana or the reinforcement order and growth support next slide with state and of the been region services renewing is in the plan bit of to got bringing DEC guarantee has of investment This in the the program grid to the program rural disconnections, objective very to automating broad reduce control expected among FEC the that

the the XX,XXX we executed of of closed first of concluded year, grid is are three to almost like representing the besides XXXX. would consumers, of emissions program, R$XX smart these we highlight company. So of hour for and losses in June, Nevertheless, one, the meters be improving the the installed of XXX,XXX to half operation, of front concession phase program. and the to and smart area, R$XX already I expect reduction kilometers of by be that investments we non-technical million XXXX sale had should phase, to pre-commitments benefit men a quality Parana almost stride gas one which precise, the of our significant carbon kilometers transformation up with our and and which In

and our base the and been the consuming secondly, tradition, have the to our First units be about our will remuneration, XX% they third, already in reduce implemented XX ESG as discipline in optimize has the over as the the And million, decreasing smart our program whole biggest Brazil. in we the gas grid municipalities of slide are now capital our agenda for Phase resources XXX,XXX X will Mid-XXXX, allocation, operating emissions. X this and of reinforced And costs all greenhouse -- saw base. almost we investments they contributing have we you with

Moura we will and Now the Adriano for take open will then floor questions.

Adriano Rudek de Moura

to in the effect as This everybody. Many not recognition. morning, and a consequence the teleconference. for very XXX questioning of the of million. and on remember X.XXX Copel impact Copel that the result effect has you you in of discussion, Daniel of Dis the the -and to think our concluded was Thank accounting this There only Copel. been that there with XXX-XX context. would credit not of of continue the is many Copel remind offsetting provision the new in has also details credits, much quarter. I over the of adjustment fine, tariffs no I probability of net date the XX of for referred year. assessment XX our X.X recognize of possible, cash reason final Copel PIS/COFINS effect, law it's these consultation billion yet June EBITDA [indiscernible] consumers, bills with or Daniel. we been the consolidated sectors, but Group, the a why was you, Copel result more that to this the needed provoked only short, energy non-recurrent exit, to of with or specifically With participating retroactive the based the of ICMS compensation say impact already is PIS/COFINS of is the Thank the the reduction important of reduction provision. was plus over of extraordinary X% days refund the I involves make rights. lengthy the country criteria many was book distribution clarify risk about additional to extraordinary And the all recognized This with the And will to years you of of Good of can And we're energy the favorable company calculation supplementary as won the think, generated in evaluate then, the not billion the almost Copel the the and no public inclusion the the this right XXXX before after obtained understand from this a billion in lawsuit over XXXX, June the a final this that for XX consumers. the like CPC balance XX XX Copel by story year, almost has the a fact --every including decision, XXXX. sheet years these won those with now of paid this almost impact year-to-date EBITDA rights you with and or decision, view of a the that in overpaid, of last been appeal see on need making But has is quarter. the legal enacted the preserve that in of to a probable. to adjusted was write years provision immediate of specifically consistent five to credit rule years shows of compensation since in which Dis a in reduction July of part the in that our and XQ was necessary XX% is possible X.X X.X evolution measures ratified long the and already a XXXX this This of also that to advisors

reflected billion. buy that the generation as ecosystems robust need other and end such energy. quarter was X.X also a result, the of balance dividend X.X at national improvement factors the closed in hydrologic the assets to sound improvement revenue exceeding in and paying transmission after agenda said. significant a as a June financial cash results reduction in position a As And a quarter we contributed amounted for another billion many billion, with over of scenario higher of even cash of the operating with with to the cost Besides reflecting X.X that to also the lower remuneration

drop income was there income a net million Regarding adjusted XXX it was net XXXX. vis-à-vis

up, are went increase financial the billion interest was the it EBITDA it in to this grew the the an a by with financial the and amortization to inflation debt revenue results on from in rate And with cost and impact X negatively the Although we and XXX X reduced impacted of about we of with added XXX million recognizing payment almost last million that eliminated. GSF. year the had billion

in to result about biggest gave the XX, negative In considering of XX impact Next by XXX contribution adjusted reduction contribution million over UEGA the that business, comparing EBITDA, of due consolidated as to million. we before approximately, dispatch, quarter the each second XXX. of spite the said grew R$XXX the of page, level the the

result improving the third-party system. XXX, services, With But some we expected. the XX effect sale because materials adjustments was by also So it complex, in fuel consolidated executed which increase terms I some quarters. X.X% improvement was see outsourcing we efficiency, of went of the highlight costs the assets are was already of they already we already for R$XXX than X.X. some to up GeT electrical affected the the is the and in the that and transmission. contract next of and remark of in of tariff result the cost plan which income of of by regulatory an inflation was expenditures the in transmission expect the June, quarter said delinquency a GSF One improved assets; own variation of helped by it of of waters of results XX. although is of in part action few impacted relation activities. additional ADA purchase we is review areas an GeT, with of December strength the and and around decreasing results in the the the level below we improvement million. being higher year, and since They material and almost also of equity higher this had And the the and ADA the with energy reversal XX%. the we besides especially process And Vilas Wind lower growth of the

year-on-year of in importance opportunities with EBITDA sustainable that highlight strategy have the them considering all a we we synergy upon results market of of Livre the like businesses very consistent the of the mentioned, on execution improvement positive ongoing in of the of of inefficient the free growth, the a sound a of basis Mercado group we're to touched three EBITDA already trust including a a opening an we recovery trading reduction. there. management we the the prices. on slide, of of the strong of and the top and of execution That of improvement on exceeding quarter mainly of a regulatory a the XX% reduction million for efficiency consolidated evolution higher already at and of energy is in cost UEGA, the million quarter with strategic Brazil, have measures growth, On biggest that be trading. very an been market with putting next the energy the already free potential outlook growth, many place terms challenging relevant have Conclusion the year continue results, efficiency reasons of new the X and main of adjusted will R$X with the trading in project, billion and capturing based focused considering growth undoubtedly XX% in for successful the continues because strong I Copel volatility energy of in acquisitions a of XXX growth in company reaching and EBITDA GeT all we for the efficiency

no the highlight basically PMSO, with vis-à-vis reduction reduction of in in And than increase last of [indiscernible] in collective year. the in that comparison impact. we was year XX% last recognition October maintaining XX line and offset increase we because the the I AM manageable have the litigation periods, the line, the in management. impact cost. biggest positive would the are this, due this of the increasing than XXXX. and over Currently adjusted the reduce the consolidated inflation this we ADA year, in the if the the costs besides quarter ahead already personnel and to employees lower they we inflation NPC. UEGA more X% to of almost the even had about talked And between but our agreement levels some relevant relevant which and Moving And in XX, consider period In the adequate provisional while

see these lower an this net a provisions, see of is than reduction we inflation in So comparison, of and XXX million X%. increase which you

I means to these in to tools, by strategy, opportunities are go this and already, like continue our results process and efficiency we from positive ahead, investment we highlight seek of continue. pillars prudent improvement we would will technologies cost that and investment reduction, new the of reviews, to start Before which in see

investment talking our Moving ahead about program.

the transformation plan as Jandaira are by already following Wind it Hub prudent the advanced analyzing and billion, such does would Grid which like project investment phase not to Paraná over investment To or are already some we that Smart And for XX. them we be forward We all discipline X.X of includes reaching of we to mainly the is the Greenfield, the Jandaira the now I on to opportunities. new of these program, conclusion a the bringing X And physical go contemplate consider Hub, for opportunities invested my with we programs. and financial billion and remind itself, necessary up focused total opportunities. businesses, brownfield of X.X have three but presentation. you and and the billion the XXXX very are many well the we end invested are June Wind and ahead

-- exchange capital dividend rate we investment of Before telecom, of continue in more as of structure of we the structure. renegotiation CRC our we And the already considering in And I need which focus the capital will is is capital also such we more to you the to exposure lastly, PIS/COFINS beginning. on competitive the has say of have year, with our our advance no that the our leverage, a in of the non-recurring results quarter, the would the remind the like the we GSM, policy. a impact said have impact occurred third XXXX, balanced Q&A, of debt. to settlement the leverage and provision and which last policy as at still the evolution X.X of improvement

Our totally call our debt you two much financial very well-balanced our is capacity. Q&A. within next Thank in very in participating now we and the regarding our maturities open can quarters for

Operator

[indiscernible] the will and the session CFO. we [Operator Mr. for to Q&A start Instructions]. investors Now analysts.

Unidentified Analyst

Do the you intend of of the to reduce debt debt high because CDI increase? your because very

Adriano Rudek de Moura

Thank question. for [indiscernible] the you

And this monitoring very I very timely. think it's closely. we're

expecting. regarding because the affecting investment objectives, financial meet necessary minimum relevant to to all demand we plans have which not We for funding, our or are physical returns bring our they regarding

not that not are we carefully, do this necessary, our the is So we on beyond have impact finances. so very market strictly evaluating what debt have to any

Operator

In question, with your the question order to [indiscernible]. and ask a your Q&A company. write please the in name

Unidentified Analyst

you to shortly? going Are dividends announce

Adriano Rudek de Moura

Hi, quarter Board the But dividend by in we as Philippe, analyzed case our possibility last was I deal that be or policy extraordinary the over for our tell I is And third dividends for before. no as always and this of provides two you what quarter will such that with be event. of the they said it third the provides well will can Directors. as analyzed year

So, line this is following. that are the we

comply in extraordinary or And extraordinary The our results dividend we we this said, course, very as with fact, factors. policies. is all simple. were results Of

this third So as dividend policy. will be our analyzed always in said, the with I quarter, comply

Operator

Marcelo Sá.

Marcelo Sá

out dividend? would adjusting that the net like you, remind be not do dividends non-recurring we being PIS/COFINS should I the payment of this items your of of You you Will for past, less paid year? expect the in to because did income

Adriano Rudek de Moura

that mark dividend Marcelo, with of before, both the interim and Philippe are of official already results. a as big many policy provides the this investors and paid. But possibility I is setting mentioned being deals question for it you Well, our

commitment all be distributions. was two dividend considering case will mainly with I the before, As annual as third such we quarter bases that dealing of at the the and least our in year last said

I Board like in So quarter. that to we with will of would September. our dealing at Directors the be this remind the you this end last year of third published

year this September So October expect is as the or what late we current for early well.

Operator

[Indiscernible]

Unidentified Analyst

in Considering programs investment what the energy area are the in long-term, about Parana? Copel Congratulations to studies in team. generation energy the

Daniel Pimentel Slaviero

or sizes policy an investment synergies for have front, and defines solar have and we it do albeit areas and main wind transmission. also water minimum where or the the the We

guidelines So of the all are the policy. or part parameters our

or very remind auctions evaluating with We or us. bid also focus ranking And I also to come opportunities the a XX have to have them that you transmission actively would for like we're states. But operations priorities in we on that Parana. in other

new what Greenfield in in said, company participation synergies of looks sizes policy our opening the policy. have transmission and all we with growth Oh the the active this you So our we opportunities is within this in brownfield auctions, an minimum in for investment and of look the for of Moura for clusters. the is imagined symphony also scope for as and

Operator

[Indiscernible]

Unidentified Analyst

the impact What is in this segment? the of company's the ICMS regarding strategy

Daniel Pimentel Slaviero

the of of have growth exponential the XXXX law in January. following especially deadline we We're distributed generation X because a of

big you there. So can very see moves

generation is in We an we way are migration in distributed integrated the to of soon. we well, add electrical and studying segment have part the but sector also only in opportunities Plan. have of National a all distributed to be expect the in this this Federation, areas that the for also in Would Not base our a we as of as [indiscernible], very Energy as Parana, growth see something that operate first generation in and to we able opportunities any Moura? structured because the but terms are like this company the regarding opportunity opportunity this in to you have announce defensive who other clients to of

Adriano Rudek de Moura

Yes.

these we attention is try all our according to have but And keen plan. this moves. in paying our are contracted adjust always to what energy We to

Operator

[Indiscernible]

Unidentified Analyst

impact be base. like if PIS/CONFINS regarding the accounting would I considered the your will from to or excluded dividend know

Daniel Pimentel Slaviero

possible beside any to and annual purge the the be policy net was exclusion, extraordinary and year for itself it dividend third no they according are this and distributions, investment let generation leverage quarter. minimum consider be over us evaluated it mentioned dividend and such as and of our makes will does extraordinary as to Bruno, we of interim the last the income to have the already the it policy level cash that then EBITDA here capacity the it fact, not to financial pay but situation,

Operator

[Indiscernible]

Unidentified Analyst

expect you current regarding Do was Or the to billion? provision need enough the cover to amount PIS/COFINS? X.X more

Daniel Pimentel Slaviero

can you but fully details, in our more already. sheet give recognized Moura balance is it

provision purpose. And will expectation this reassessed may provision for and we This also make did additional risks. a fact And be we or an we We during credit the in have that is additional not of not any the this. that laudable be presentation, we invested the have reversal it no the that very law right of this now spite our ongoing the but no a made spirit, can all was Well, material something this future no in in is This have to facts as affect. this And evaluation. of spirit, for is said future. new amount understand correct do even expectation a we did the time. interfere our and in long story short, some

Operator

[Indiscernible]

Unidentified Analyst

plan wind own energy future Regarding your the is for quarter, in of XX% this energy? generation what the

Daniel Pimentel Slaviero

so the Today part in capacity. our of capacity. is and our the generation GeT came may sun with X/X for we withhold. year a expectation the I area we the Jandaira of consider that Vilas that our our we for increase thank this portfolio will pure half already next farm, of the company, XX% energy northeast, acquisition, is winds next producing solar the investors made also Well, what don't increase of portfolio expectation acquisition company, cash in businesses of and Oh, major years will which conference reaching have portfolio in this of already our a of has renewable. such generation final GSF but XX% perspective we term the might is in which double of much in we be you the very healthy generation for generation look have that generation and to And of in if facilitate portfolio contribute that of the with supplements XX% to But you almost and other second and like this because new our wind wind is wind diversification megawatts the have we this that video few of together that the we projects phase in terms generation are it that at be Take better of in expect to participation hub already mitigation Copel be last of renewable operating have today, this GSF and because the the of wind month? year, have GSF estimate and of able an and we wind XX forecast from as of already I with the hydro we year, growth energy for generation your energy. a installed XX%. and increase other was The of advantage the management it for in XX% be to hydro. our

project XXXX, big for higher it's So GSF. the a leap. And we capacity

and the higher overall wind hydro generation So turbines in a higher generation northeast, capacity. increasing the of our our availability

Operator

[Indiscernible]

Unidentified Analyst

auction partnership keep do with to your intend second you Do from you competition see in the Engie on? December. How now for

Daniel Pimentel Slaviero

with experience are They company. we global Engie. good very a Bernardo, a had

So good very had learning a we curve.

we and lot have companies of we size the it on size, next the company. have technical both synergies other same the And because the same same For depend auctions, credibility, few have the the with or for the will engineering we quarters, the one knowledge. few next or

the we open expertise is other governance alone. same is of financial but case with partnerships, of We the have and it Engie signed. large the Copel or the nothing which our with capital Copel with are any And working With standard discipline sector to be with be to allocation always with in Engie. preference company

Operator

Travitzky Daniel

Daniel Travitzky

coming your PIS/COFINS in this law? is for have additional expectation an the review? tariff tariff And to from credit do you review deliver What of extraordinary

Daniel Pimentel Slaviero

question. my no see for perspective your I will LTE. answer colleagues And We remainder. the part will of answer

after has with as Copel, was companies that law. this that enactment adjustment this revisit law soon question understood to our of already Now the as needed the called the they now

this will believe to of be a we up next not and [indiscernible] to So not called the review. tariff do were radar screen participate the we

sense agency for no Moura, have credit already talk of billion coming in the we from had remaining used tariff about could We balance. mitigation because of this amortization PIS/COFINS maybe adjustment. or the the indication X.X the the you

Adriano Rudek de Moura

considering provision approximately we have additional still We X.X that made. not billion the

the an no And significant would around Yes, but probably use two with use we that X.X, billion whatsoever. which a and still we be -- that to you year. will new years. one balance that X.X or four, additional tariff expect expectation not we a have next Daniel a mentioned, adjustment in is So this regarding amount, amount

Operator

Marcelo Sá

When the income on you you -- this about to tax you paid able with an provision, PIS/COFINS, from credit? the income credit Will tax? tax And what your this fiscal discount the that. recognized be

Adriano Rudek de Moura

we the in provision Marcelo compensated tax made June and this the gain. this with to itself. credit we the credit equivalent a We recognized from tax

and disbursement had not no we now. So will we a have whatsoever disbursement

So no effect cash whatsoever.

Operator

[Indiscernible]

Unidentified Analyst

like coming to plant I'm the an planning know the as I [indiscernible] it of with company investor. is do would to closer. maturity the

Adriano Rudek de Moura

for or of quarter provided renew will of XX.X% fourth the strategic of all additional that, paying XX will have is the with renewal what [indiscernible]. This the we years. the be to we there an and for with XX% everything sell the the that sell registration establishes auction an allows regarding us do be to XXXX, Q for major intention, will of control process, XXXX themes for the XXXX. already We is we Copel which one bureaucratic our And

for will imagine -- We Eletrobras been ministry already very the -- has the concession. used are that calculation it. bonus mean grant for for references strategic calculated the is the bonus discussing the of The were has no us. new that it right And we now

interests that these auction the will to Energy cast have and of the with is this with here. this and for because in Ministry a please regular of and regarding they this capacity well court Mines businesses to an the of generation with the already of forwarded additional Ministry Daniel renew the of and The these that of the the -- XX the we cellular of FDA we we our years as account schedule to XXXX, jewel phone definition of fourth the the Copel interruption. to for hold [ph] meetings projects. the already We with just and electricity have may an the apologize sale concession moment Energy all Mines already submitted of and a ringing as the the to fronts to The was dealing schedule and be [Burtos] this of of are grant the FDA, the in area work it's crown of We maintaining the XX sector price interests new of for union preserve says holding in Brazilian quarter for sell And have Copel. as XX.X% plant. sale hands

the before to So the to December process months the possibility conclude XX XXXX. XX, maturity concession we December up have XXst, the of

you all is -- years. for the So, to so this may right CRE that have this extend an XX the additional

competition expect pleased for situation certainly with Copel very do and and we're asset. this this a high very business will very in So, we the renewal a good

refurbished and increasing plants. So, all were one the plants each of and XX the megawatts four

So, plant. is sector, the organization this number it the the may asset in we bidders stream this modeling of schedule everything for on energy and Brazilian a of is have possible so the precious for highest that

Operator

[Indiscernible]

Unidentified Analyst

P&D when resources, the studies your about What asset? you in biggest human investment in

Daniel Pimentel Slaviero

policy levels relation have to by development, reduce for this this area, significantly R&D. and research and In the [indiscernible] GeT their established will

past, already the vote the to we fruit expertise launched we levers interaction company, because a these the As have start. company. of Copel the of we lots with for program, lot want borne that they the In a use have

selected few et we cetera. by open innovation of may the R&D launch not traditional relation Copel improvement have voted but turbines, program be phase two to also the so in people. companies five The performance electromobility, open that very of will wind only weeks in of We number next months. to this already team or

that very said the is have more important any we assets. anything, it You than most our it of well, asset

of number people our we been in very have a doing So personnel asset. well-planned the our in are most And the important fashion. reduction

with So sector, in development and the huge sector that see auction, with our growth by bring but may experts and their a that are in may we stay we us, company the and may that we own to we who fascinating not of people artificial means dynamic, continue the so processes in the compete technology stay see very very that potential. the is competitive only intelligence discount electricity

Operator

[Indiscernible]

Unidentified Analyst

could for strategy future? share What Anything for theme this about the you program? the current the buyback say about

Daniel Pimentel Slaviero

not being No, this this this. is right do not is that evaluated We're this considering now. right We moment now. understand the right not to

Operator

Mr. like I session closing Daniels for Q&A floor back the Slaviero end. remarks. to would Our give to come to the has an

Daniel Pimentel Slaviero

will stress in has addressed think discussed. when or a the Thank you regulatory dividends the further part reflex taxes of once keeping operating And GeT, digits again your as something review participation. of much all the I of about we questions Dis result like COFINS this This transition and of efficiency of and whole will provision This improvement recognition even sound evaluation ago. broadly been the this would and the be PIS I to the occurred that but be situation with unthinkable very two for the June. of and the of sound years the of the result improved significant moment tariff have that

and So our capital more and of which discipline to consolidated results, more allocation, committed be delivery are gain consistent we with and continue quarter-on-quarter. efficiency

very we We by the and are we done happy Copel, And who the of of be lot possible. opportunities. to this attention a all recognize make work members pay

policy of generating and appreciation of dividends. our were correct also future shares and dividend better of the payment the have potential We one growth our with the growth priorities, the as and

consistent So is board the quarter the of once executive friends you here my again, delivering very for -- thank board another thank and results. I much. my companions

Operator

have Copel’s a and video very Thank end. to for you. day. conference very has participating good come you much Thank an

Companhia Paranaense de Energia - COPEL (ELP) 11 Aug 222022 Q2 Earnings call transcript