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RELATED-PARTY TRANSACTIONS
The Companys main shareholders are: Controlling Group - Rio Minas Energia Participaes S.A RME, jointly-owned subsidiary of Companhia Energtica de Minas Gerais CEMIG, Andrade Gutierrez Concesses, Luce do Brasil Fundo de Investimento em Participaes and Equatorial Energia. BNDESPAR
A summary of related-party transactions occurred in the first periods of 2009 and 2008 is presented below:
Item
Contracts with the same group (Agreement objectives and characteristics) Strategic agreement Purchase agreement of electricity between Light SESA and CEMIG Strategic agreement Sale agreement of electricity between Light Energia and CEMIG Strategic agreement Collection of distribution system usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG Strategic agreement Electricity sale commitment between Light Energia and CEMAR* Loans FINEM Loans Line of credit
Original Amount
Agreement Conditions
R$ thousnd CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group)
614,049 Jan/2005 156,239 Nov/2003 Dec/2002 Dec/2002 Undetermined Undetermined Undetermined Dec/2013
545,175
Price established in the regulated market Price established in the regulated market Price established in the regulated market Price established in the regulated market Price established in the regulated market
Jan/2005
Dec/2013
N/A 33,354
BNDES 549,331
Nov/2007
Sept2014
N/A 414,768
TJLP + 4.3%
BNDES 14,147
Mar/1999
Apr/2010
N/A 803
BNDES Basket + 4%
8 Loans Debentures 1st issue - non-convertible 9 Loans Pr Esco and Energy Efficiency Project of Condomnio Edifcio Santos Dumont Loans 11 Debentures 4th issue - convertible Pension Plan Fundao de Seguridade Social (Social Security Foundation) - BRASLIGHT BRASLIGHT (party of the controlling group) BNDES BNDES BNDES
Jan/1998 105,000
Jan/2010
N/A 7,839
TJLP + 4% p.a.
Oct/2014
N/A 1,895
TJLP + 2.5%
10
Jun/2015
N/A 115
TJLP + 4% p.a.
Jun/2001 535,052
Jun/2026
N/A 1,005,025
IPCA+ 6% p.a
12
9,248
12,147
75,457
65,065
2,628
2,446
16,673
15,826
170
169
1,531
1,505
1,712
1,479
11,315
9,607
10
10
86
82
10
12
Additional information agreements in progress Light, in order to potentialize its capacity of developing and implementing new generation projects and taking into account the recognized capacity in this area of its shareholder Companhia Energtica de Minas Gerais CEMIG (Cemig), Light entered into Heads of Agreement (Agreement) which, among other provisions, establishes that the parties will jointly prepare business plans for the development and implementation of energy generation projects (Generation Projects). The Agreement also determines that the parties will execute specific instruments for each of the Generation Projects to be implemented and the Companys interest directly or by means of its subsidiaries in each one of these consortia will be fifty-one percent (51%) and CEMIGs interest, directly or by means of its subsidiaries will be forty-nine percent (49%). Light, which already has in its portfolio projects under development, formalized by means of its subsidiaries, Lightger Ltda., Itaocara Energia Ltda. and Light Energia S.A., three consortium agreements with Cemig Gerao e Transmisso S.A. (Cemig GT), wholly-owned subsidiary of Cemig, aiming the exploration of hydroelectric projects in the regions of Paracambi, Itaocara and Lajes, respectively.
All private instruments mentioned above were executed by the parties under suspensive conditions, therefore, their effectiveness relies on obtaining authorizations or endorsements required by regulatory authorities, including but not limited to ANEEL.