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DOEPE - 18 - Página 18

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DOEPE 26/02/2015 - Pág. 18 - Poder Executivo - Diário Oficial do Estado de Pernambuco

Poder Executivo ● 26/02/2015 ● Diário Oficial do Estado de Pernambuco

18

Diário Oficial do Estado de Pernambuco - Poder Executivo

Recife, 26 de fevereiro de 2015

COMPANHIA ENERGÉTICA DE PERNAMBUCO S.A.
CNPJ nº 10.835.932/0001-08

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CVM nº 01436-2

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Companhia Aberta
RELATÓRIO DE ADMINISTRAÇÃO – 2014

MENSAGEM DO PRESIDENTE DO CONSELHO DE ADMINISTRAÇÃO

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4.1. Cenário e Impactos: 4.1.1. Aumento da Exposição Contratual das Distribuidoras: 'LYHUVRVIDWRUHVDJUDYDUDPJUDGDWLYDPHQWH
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FRQWUDWRVFRPDVJHUDGRUDVTXHQmRDGHULDPjSURSRVWDGHUHQRYDomRFRQIRUPHFRQGLo}HVHVWDEHOHFLGDVQD03SRLVDHQHUJLD
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GLVWULEXLGRUDVQRHQWDQWRRUHVXOWDGRGHVVHVOHLO}HVIRLDTXpPGRHVSHUDGRQRSULPHLUROHLOmRQmRKRXYHQHJRFLDomRHQRVHJXQGRQR
¿QDOGRDQRDFRQWUDWDomRUHSUHVHQWRXDSHQDVFHUFDGHGDQHFHVVLGDGHGDVGLVWULEXLGRUDV1RLQtFLRGRDQRGHDVXEFRQWUDWDomRGDVGLVWULEXLGRUDVIRLDPSOLDGDHPYLUWXGHGRYHQFLPHQWRGHFRQWUDWRVGHHQHUJLDH[LVWHQWHDR¿QDOGH&RPRLQWXLWRGHPLWLJDU
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IRUQHFLPHQWRVHGDULDQRPHVPRDQR2WRWDOGHHQHUJLDFRQWUDWDGDQHVWHSULPHLUROHLOmRGHIRLGH0:PpGLRVDXPSUHoR
PpGLRGH50:K(PGHGH]HPEURGHIRLUHDOL]DGRRXWUR/HLOmRGH(QHUJLD([LVWHQWH /HLOmR$GH FRPHQWUHJD
SDUDMDQHLURGHTXHWHYHFRPRDWHQGLPHQWRSULRULWiULRRPRQWDQWHGHUHSRVLomRGHFODUDGRSHODVGLVWULEXLGRUDVWHQGRFRPRUHVXOWDGRDIUXVWUDomRGHGR0RQWDQWHGH5HSRVLomRGHFODUDGR$&(/3(QmRDSUHVHQWRXJUDQGHVYROXPHVGHHQHUJLDGHVFRQWUDWDGDH
SUDWLFDPHQWHQmRWHYHFRQWUDWRVYHQFHQGRDR¿QDOGHRVTXDLVSRGHULDPVHUUHFRQWUDWDGRVSDUDIRUQHFLPHQWRHPPDVVRIUHX
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RSHUDomRHP 4.1.2 Conta ACR: (PGHDEULOGHIRLSXEOLFDGRR'HFUHWRQžHVWDEHOHFHQGRDFULDomRGD&217$$&5GHVWLQDGDDFREULUWRWDORXSDUFLDOPHQWHDVGHVSHVDVLQFRUULGDVSHODVFRQFHVVLRQiULDVGHVHUYLoRS~EOLFRGHGLVWULEXLomRGHHQHUJLD
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IRUDPKRPRORJDGRVHUHSDVVDGRVUHFXUVRVGD&217$$&5SDUDD&(/3(QRYDORUGH5PLOK}HVUHODWLYRjVFRPSHWrQFLDVGHIHYHUHLURDRXWXEUR3DUDjVFRPSHWrQFLDVGHQRYHPEURHGH]HPEURD$1((/GHFLGLXSRVWHUJDUDOLTXLGDomRGRVYDORUHVVHP
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DOWDGR3/'HWDPEpPGHYLGRDJUDQGHH[SRVLomRFRQWUDWXDOGDVGLVWULEXLGRUDVH[LJLQGRHOHYDGRVDSRUWHVGD&217$$&5SDUDHYLWDU
DTXHEUDGHVWDVHPSUHVDVDSyVSHUtRGRGH$XGLrQFLD3~EOLFDD'LUHWRULDGD$1((/DSURYRXHPGHQRYHPEURGHDUHGXomR
GR3/'0i[LPRGH50:KSDUD50:KWHQGRFRPREDVHR&98GD87(0iULR/DJRFRPFDSDFLGDGHLQVWDODGDGH
0:-iR3/'0tQLPRIRLDOWHUDGRGH50:KSDUD50:KWHQGRFRPRUHIHUrQFLDRFXVWRGHJHUDomRGDVXVLQDV
FRPSURPHWLGDVFRPRVFRQWUDWRVGHFRWDV2VQRYRVOLPLWHVHVWDUmRYLJHQWHVDSDUWLUGH4.2. Reajuste Tarifário: $$1((/DWUDYpV
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5HDMXVWH7DULIiULRGHFRPYLJrQFLDDSDUWLUGHGHDEULOGHVHQGRUHODWLYRVDRUHDMXVWHWDULIiULRDQXDOHDRV
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