CPFL Energia Announces 4Q08 Net Income of R$ 336 Million

SAO PAULO, Feb. 20  /PRNewswire-FirstCall/ -- CPFL Energia S.A. (Bovespa: CPFE3 and NYSE: CPL), the holding company of one of the strongest and most efficient business groups in the Brazil electricity sector, announces its 4Q08 results. The financial and operational information herein, unless otherwise indicated, is presented on a consolidated basis and is in accordance with the applicable legislation. Comparisons are relative to 4Q07, unless otherwise stated.

 4Q08 HIGHLIGHTS

  -- Growth of 4.4% in energy sales to the captive market and of 2.3% in
     sales within the concession area;
  -- Gross operating revenue of R$ 3.7 billion in 4Q08 and of
     R$ 14.4 billion in 2008;
  -- Commercial start-up of the first turbine of the 14 de Julho
     Hydroelectric Plant (Ceran Complex) on December 25, 2008;
  -- Increase of 10.4% in the average daily trading volume of CPFL Energia's
     shares in 2008, over 2007, reaching R$ 36.0 million;
  -- CPFL Energia's share price fell by 3.4% in 2008, versus a 11.6% decline
     in the IEE and a 41.2% downturn by the Ibovespa;
  -- CPFL Energia's shares were maintained in the following indexes:
     - ISE (the Bovespa's Corporate Sustainability Index) - for the fourth
       consecutive year;
     - Ibovespa and IBrX-50 (Bovespa) and MSCI (Morgan Stanley Capital
       International) -- since 2007.

  For further information, click on the link: http://www.cpfl.com.br/ir

  Conference Call with Simultaneous Translation into English
  (Bilingual Q&A)
  Thursday March 05, 2009 - 11:00 am (SP), 09:00 am (EST)
  Portuguese: 55-11-4688-6301 (Brazil)
  English: 1-888-700-0802 (USA) and 1-786-924-6977 (Other Countries)
  Webcast: http://www.cpfl.com.br/ir

  Investor Relations Department
  55-19-3756-6083
  http://www.cpfl.com.br/ir

DATASOURCE: CPFL Energia S.A.



CONTACT:  Investor Relations Department, CPFL,

+011-5519-3756-6083,  



Web site:  http://www.cpfl.com.br/ir 

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