CPFL Energia S.A. (CPFL Energia or 'the company') is a private holding company in the Brazilian electric sector. The company distributes, generates and commercializes electricity in Brazil in the regulated and free markets. The company is also engaged in power commercialization, buying and selling electricity to power producers, free consumers and power trading companies. In addition, CPFL Energia provides agency services to free consumers before the Electrical Energy Commercialization Chamber (CCEE) and other agents, as well as electricity-related services to its affiliates and unaffiliated parties.
CPFL Energia operates through the five core business segments: distribution; commercialization; generation (renewable source); generation (conventional source); and services.
In the distribution segment, the company's eight fully consolidated distribution subsidiaries delivered 40,157 gigawatt hours (GWh) of electricity to approximately 7.8 million consumers during FY2015, primarily in the states of Sao Paulo and Rio Grande do Sul. CPFL Energia's eight distribution subsidiaries include: CPFL Paulista; CPFL Piratininga; Rio Grande Energia (RGE); CPFL Santa Cruz; CPFL Jaguari; CPFL Mococa; CPFL Leste Paulista; and CPFL Sul Paulista.
CPFL Paulista supplies electricity to a concession area covering 90,440 square kilometers in the state of Sao Paulo with a population of approximately 10.1 million people. Its concession area covers 234 municipalities, including the cities of Campinas, Bauru, Ribeirao Preto, Sao Jose do Rio Preto, Araraquara and Piracicaba. CPFL Paulista had approximately 4.2 million consumers at December 31, 2015. During the year, CPFL Paulista distributed 22,068 GWh of electricity.
CPFL Piratininga supplies electricity to a concession area covering 6,785 square kilometers in the southern part of the state of Sao Paulo with a population of approximately 4.1 million people. Its concession area covers 27 municipalities, including the cities of Santos, Sorocaba and Jundiai. CPFL Piratininga had approximately 1.7 million consumers at December 31, 2015. CPFL Piratininga distributed 9,236 GWh of electricity during the year.
RGE supplies electricity to a concession area covering 86,152 square kilometers in the state of Rio Grande do Sul with a population of approximately four million people. Its concession area covers 255 municipalities, including the cities of Caxias do Sul, Gravatai, Passo Fundo and Bento Goncalves. During FY2015, RGE served approximately 1.5 million consumers supplying a total of 8,011 GWh of electricity.
CPFL Santa Cruz supplies electricity to a concession area covering 11,850 square kilometers, which includes 27 municipalities in the northwest part of the state of Sao Paulo and three municipalities in the state of Parana. During FY2015, CPFL Santa Cruz distributed 1,042 GWh of electricity to approximately 205,000 consumers.
CPFL Jaguari supplies electricity to a concession area covering 252 square kilometers, which includes two municipalities of the state of Sao Paulo. CPFL Jaguari distributed 492 GWh of electricity to approximately 39,000 consumers in FY2015.
CPFL Mococa supplies electricity to a concession area covering 1,884 square kilometers, which includes one municipality in the state of Sao Paulo and three municipalities in the state of Minas Gerais. During FY2015, CPFL Mococa distributed 204 GWh of electricity to approximately 46,000 consumers.
CPFL Leste Paulista supplies electricity to a concession area covering 2,915 square kilometers, which includes seven municipalities of the state of Sao Paulo. In FY2015, CPFL Leste Paulista distributed 285 GWh of electricity to approximately 57,000 consumers.
CPFL Sul Paulista supplies electricity to a concession area covering 3,783 square kilometers, which includes five municipalities of the state of Sao Paulo. In FY2015, CPFL Sul Paulista distributed 392 GWh of electricity to approximately 83,000 consumers.
The company's eight distribution subsidiaries own distribution lines with voltage levels ranging from 11.9 kilo volts (kV) to 138 kV. These lines distribute electricity from the connection point with the basic network to the company's power sub-stations, in each of its concession areas. CPFL Energia's distribution networks consisted of 247,422 kilometers of distribution lines, including 369,526 distribution transformers as of December 31, 2015. The company's eight distribution subsidiaries had 9,986 kilometers of high voltage distribution lines between 34.5 kV and 138 kV. In addition, during the year, CPFL Energia had 453 transformer substations for transforming high voltage into medium voltages for subsequent distribution, with total transforming capacity of 14,865 mega-volt amperes (MVA). Of the industrial and commercial consumers in the concession area, 355 had 69 kV, 88 kV or 138 kV high-voltage electricity supplied through direct connections to its high voltage distribution lines.
The commercialization segment’s subsidiaries handle commercialization operations and provide agency services to free consumers before the Electric Energy Trading Chamber (CCEE) and other agents, including guidance on their operational requirements. CPFL Brasil, the company's largest commercialization subsidiary, procures and sells electricity to free consumers, other commercialization and generation companies, and distribution facilities. During FY2015, the commercialization segment of CPFL Energia sold 9,870 GWh of electricity, of which 9,384 GWh was sold to unaffiliated third parties.
The company's renewable generation sources segment operates through its indirect subsidiary, CPFL Renovaveis, in which it owns a 51.61% interest through CPFL Geracao. CPFL Renovaveis operates all of the company's wind farms and thermoelectric biomass power plants, as well as 40 of the company's 50 small hydroelectric power plants. These 40 small hydroelectric power plants, which are located in the states of Sao Paulo, Santa Catarina, Rio Grande do Sul, Minas Gerais, Mato Grosso and Parana, are all operational and have aggregate installed capacity of 399 megawatts (MW) and also the two small hydroelectric power plants (Mata Velha SHPP and Boa Vista II SHPP) under construction to commence operations in 2016 and 2020, respectively, and are expected to have an installed capacity of approximately 24 MW and 26 MW. CPFL Renovaveis also has 45 wind farms, of which 34 farms, located in the states of Ceara, Rio Grande do Norte, and Rio Grande do Sul, are operational and have aggregate installed capacity of 1,029 MW; and the remaining 11 farms are under construction, scheduled to commence operations between 2016 and 2018, and are expected to have installed capacity of approximately 282 MW.
In addition, CPFL Renovaveis also has eight operational thermoelectric biomass power plants, with aggregate installed capacity of 370 MW, located in the states of Minas Gerais, Parana, Sao Paulo and Rio Grande do Norte. It also operates the Tanquinho Solar Power Plant, which is located in the state of Sao Paulo and has an installed capacity of 1.1 megawatt power (MWp). As of 31 December 31, 2015, the total consolidated installed capacity through the renewable generation segment (calculated on the basis of 51.61% interest in CPFL Renovaveis) was 929 MW.
In the conventional generation sources segment, the company's conventional generation subsidiaries had installed capacity of 2,235 MW. During FY2015, the segment generated a total of 11,369 GWh of electricity, and it had 10,046 GWh of assured energy. The company hold equity interests in eight hydroelectric power plants: Serra da Mesa, Monte Claro, Barra Grande, Campos Novos, Luiz Eduardo Magalhaes-Lajeado, Castro Alves, 14 de Julho and Foz do Chapeco. The company also own three thermoelectric power plants, Termonordeste, Termoparaiba and Carioba.
The company's services segment operates its subsidiary, CPFL Servicos. CPFL Servicos provides electricity related services, such as project design and construction, to the company's affiliates and unaffiliated parties.
Scope of the Report
-- About the Company - Historical Details, Current Ownership Structure and basic overview of CPFL Energia S.A. in terms of revenue, net income, and operating income.
-- Financials - Details about CPFL Energia S.A. listing status, annual financial reports (for the past 5 years), key financial highlights and region wise and category wise breakdown of their net revenue.
-- Products / Services - Listing of the company’s entire portfolio along with description of individual products / services providing a clear picture of their target audience.
-- Company SWOT Analysis - Outlines CPFL Energia S.A.’s strengths, weaknesses, and opportunities and threats facing the company.
-- Recent Developments - Showcases CPFL Energia S.A.’s recent developments including mergers, acquisitions, partnerships, collaborations, new product launches, investment and divestment plans.
-- Strategic Evaluation - Provides an overview of CPFL Energia S.A.’s corporate goals and strategic initiatives and evaluates their outcomes along with outlining any persisting legal issues and outlook of our in-house analyst panel on the particular company.
-- Technology Landscape - Details how the company allocates its IT budget across the core areas of its business, CIO/CTO Profile, Key IT Initiatives and Deals undertaken buy the company at present along with outlook.
Key Questions Answered
-- What domain does CPFL Energia S.A. operate and what are key points about it?
-- What is the product / service portfolio of CPFL Energia S.A.?
-- How has CPFL Energia S.A. performed financially from the 2013?
-- How does CPFL Energia S.A. rank among its peers in terms of revenue and market share?
-- What are CPFL Energia S.A. strengths and weaknesses and what opportunities and threats does it face?
-- What are CPFL Energia S.A.’s main growth strategies and how successful has the company been at implementing them?
-- What is the in-house technical capability of CPFL Energia S.A.? Where does it procure / outsource it?
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1. About the Company
1.1 History and Basic Facts
1.2 Ownership Structure and Key Executives
1.3 Head Office
1.4 Other Locations & Subsidiaries
1.5 List of Competitors
1.6 Employee Count & Distribution
2.1 Company Type (Listed / Unlisted)
2.2 Annual Statements
2.3 Key Financial Highlights
2.4 Region-wise Breakdown
3. Product / Services
4. SWOT Analysis
4.1 SWOT Overview
5. Recent Developments
5.1 Mergers & Acquisitions
5.2 Partnerships, Collaborations & Joint Ventures
5.3 New Product Launches
5.4 Business Expansion / Divestment
6. Strategic Evaluation
6.1 Corporate Strategy
6.2 Legal Issues
6.3 Analyst Outlook
7. Technology Landscape
-- 7.1.1 Industry Snapshot
-- 7.1.2 IT Spend
-- 7.1.3 Key Information Technology Trends
-- 7.2.1 IT Overview
-- 7.2.2 Key IT Technologies
-- 7.2.3 Recent IT Initiatives
-- 7.2.4 IT Outsourcing Engagements
-- 7.2.5 Key IT Management
-- 7.2.6 CIO/CTO Profile
-- About Us
-- Contact Us