Companhia Paranaense de Energia - COPEL (ELP) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 11, 2023 1:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen, welcome to Companhia Paranaense de Energia - COPEL's Video Conference Call to discuss the results of the First Quarter 2023. This call 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 all participants will be in listen-only mode during the conference and afterwards we will have a Q&A session, when further instructions will be given.

Before proceeding, we would like to mention that forward-looking statements are based on the beliefs and assumptions of the company’s management and information currently available to the company. These forward-looking statements may involve risks and uncertainties, as they refer to future events and therefore depend on circumstances that may or may not occur. Investors, analysts and journalists, should understand that events related to the macroeconomic environment, the industry and other sectors may make results be materially different from the prospective declarations.

Today with us, we have Mr. Cassio Santana Da Silva, Director of Business Development and Acting CEO of COPEL, Mr. Adriano Moura, CFO, COPEL's, Mr. Fillipe Soares, Mr. Moacir Bertol and Mr. Maximiliano Orfali, Directors of fully-owned subsidiaries that will be available for the Q&A session.

I would like now to give the floor to Mr. Santana da Silva. You may proceed.

Cassio Santana da Silva

Good afternoon, everybody. Thank you very much for participating in our call. And I would like to inform you that exceptionally, we will not have the presence of Daniel because he is in the Parana day in New York City. In order to start, we would like to give you an update about the Copel's transformation process into a corporation. With a brief retrospective in November last year in the state of Parana with the intention of transforming Copel into a true corporation in the segment, the legislative assembly of Parana approved the law authorizing this transformation.

In December, two relevant events happened, when Copel announced the study for the early renewal of the main three plants involving a public offering and the government of the state allowed us to hire one single team of advisers in order to give efficiency and expedite the process.