SUMMARY OF THE RESOLUTIONS TAKEN
AT THE 146^TH BOARD OF DIRECTORS’ MEETING

CPFL Energia S.A. hereby informs its shareholders and the market in general that the following resolutions were taken by the 146^TH Board of Directors’ Meeting, held on November 25, 2009:

I. Approval: Annual Plan and Budget of Internal Audit for the Fiscal Year of 2010 (CPFL Energia);

II. Approval: Replacement of the guarantee of the 1^st release of funds through the contraction of a Bank Surety by CPFL Energia, in favor of the BNDES, related to Furnas’ share on the financing of the Foz do Chapecó project;

III. Approval and Vote Recommendation: Long-term Financing with Banco do Nordeste do Brasil for EPASA, with bank surety and endorsement from CPFL Energia;

IV. Approval and Vote Recommendation: Budget 2010 and 2010/2014 Multi-year Plan (CPFL Energia and Controlled Companies);

V. Approval and Vote Recommendation: Financing with BNDES (Sustainability of Investments Program - PSI) for CPFL Paulista, CPFL Piratininga and RGE, with endorsement from CPFL Energia;

VI. Approval and Vote Recommendation: Financing with BNDES (Special Credit Program - PEC) by CPFL Piratininga, with endorsement from CPFL Energia;

VII. Approval and Vote Recommendation: Participation of the controlled companies Santa Clara I, Santa Clara II, Santa Clara III, Santa Clara IV, Santa Clara V, Santa Clara VI and Eurus VI in ANEEL Auction nº 03/2009 of Reserve Energy – Wind Generated Energy;

VIII. Approval and Vote Recommendation: Renewal of the agreement of audit service rendering with KPMG Auditores Independentes for the biennium 2010/2011 (CPFL Energia and controlled companies CPFL Paulista, CPFL Piratininga, RGE, CPFL Santa Cruz, Jaguari Geração, CPFL Serviços, CPFL Mococa, CPFL Jaguari, CPFL Leste Paulista, CPFL Sul Paulista, CPFL Bioenergia, CPFL Jaguariúna, CPFL Geração, CPFL Sul Centrais Elétricas, Paulista Lajeado, CPFL Brasil, Sul Geradora, CPFL Cone Sul and CPFL Planalto);

IX. Vote Recommendation: Addendum to the agreement of audit service rendering celebrated with KPMG Auditores Independentes (for the payment of fees by additional hours) of the controlled companies CPFL Geração, CPFL Piratininga, CPFL Santa Cruz, Jaguari Geração, CPFL Serviços, CPFL Mococa, CPFL Jaguari, CPFL Leste Paulista and CPFL Sul Paulista;

X. Vote Recommendation: Provision of Interest on Own Capital by the controlled companies CPFL Paulista, CPFL Piratininga, CPFL Santa Cruz, RGE, CPFL Leste Paulista, CPFL Jaguari, CPFL Sul Paulista, CPFL Mococa and CPFL Geração.

São Paulo, November 25, 2009.

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.