Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
CPFL ENERGIA S.A.
CPFL Energia S.A. (“CPFL Energia”) and its subsidiary Companhia Paulista de Força e Luz (“CPFL Paulista”), pursuant to the Section 4 of Article 157 of Law no. 6,404/1976 and to CVM Instruction no. 358/2002, announce to
their shareholders and to the market that the Brazilian Electricity Regulatory Agency (“ANEEL”), pursuant to Law no. 10,848/2004, has agreed to postpone the deadline for the implementation of the corporate restructuring whereby CPFL
Paulista will transfer to CPFL Energia its shareholding interests in Companhia Piratininga de Força e Luz (“CPFL Piratininga”) and Rio Grande Energia S.A. (“RGE”). This restructuring is required so that, after its
implementation, CPFL Paulista only holds assets and liabilities related to its own concession. This corporate restructuring process shall be implemented according to certain milestones, namely, the transfer of CPFL Piratininga to CPFL Energia shall
have been implemented as of April 14, 2006, and the transfer of RGE to CPFL Energia shall have been implemented as of March 14, 2007. Each of these steps will rely on Appraisal Reports, which shall be individually approved in accordance with the
provisions of Law no. 6,404/1976 and ratified by ANEEL prior to the relevant shareholders’ meetings.
Upon the conclusion of this corporate restructuring process, CPFL Piratininga and RGE will become fully-owned subsidiaries of CPFL Energia.
CPFL Energia and its subsidiaries, pursuant to Law no. 6,404/1976 and other pertinent regulation, will inform its shareholders and the market about the implementation of each phase of this process.
São Paulo, September 16, 2005.
|
CPFL ENERGIA S.A.
| ||
| |
By: /S/
JOSÉ ANTONIO DE ALMEIDA FILIPPO
| |
|
Name: José Antonio de Almeida Filippo
Title: Chief Financial Officer and Head of Investor Relations
| ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.