COPEL Records Net Income of R$932 Million in 9M06

CURITIBA, Brazil, Nov. 13  /PRNewswire-FirstCall/ -- Companhia Paranaense de Energia - COPEL (NYSE: ELP; LATIBEX: XCOP; BOVESPA: CPLE3, CPLE5, CPLE6), a company that generates, transmits, and distributes power in the State of Parana, announced its operating results for the third quarter 2006.

Net Operating Revenues: R$ 3,977 million in the 9M06, 11% up year-on-year.

Operating Income: R$1,469 million in the 9M06, versus R$ 502 million in the same period of 2005.

Net Income: R$ 932 million (R$ 3.41 per thousand shares) in the 9M06, versus R$ 309 million in the 9M05.

EBITDA (earnings before interest, taxes, depreciation and amortization): R$ 1,432 million in the 9M06, 77% up on the R$ 811 million reported in the same period of 2005. Excluding the gas purchase reversal effect in May, 2006, EBITDA would be R$ 1,133 million.

Return on Equity: 23% p.a. Excluding the reversal effects, ROE would have been 13%.

At the new energy auction on October 10, the consortium established between COPEL (51%) and ELETROSUL (49%) won the concession for the construction of the Maua Hydroelectric Plant, on the Tibagi River in the state of Parana, with an estimated installed capacity of 361 MW. On the same date, Maua sold 192 MW (average) for delivery as of January 2011 for 30 years at R$ 112.96/MWh.

COPEL Distribuicao's grid market (TUSD), comprising the captive market and all free customers within the Company's concession area, grew by 3.3% in the 9M06. Billed power consumption dipped 0.2%.

The full version of the earnings release is available on the company's website http://www.copel.com/ir.

   Conference Call: (available only in Portuguese)
   Today, November 13, 2006
   08:00 am - US EST
   Dial in number: (55 11) 2101-4848
   Access code: Copel


DATASOURCE: COPEL



CONTACT:  Investor Relations Area, [phone], 



Web site:  http://www.copel.com/ir 

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