Daily Current "Brazilian Utilities" Ajeje

Research evidence excerpt

Daily Current "Brazilian Utilities" Ajeje

Global Research

22 June 2026ab

Daily Current Equities

Latin AmericaBrazilian Utilities

Utilities

Giuliano Ajeje

Aneel asks for support from CCEE to regulate the reimbursement of curtailment Analyst

According to MegaWhat, Aneel sent a letter to the Electric Energy Trading Chamber giuliano.ajeje@ubs.com

(CCEE) requesting support for the instruction of the process of regulating future +55-11-2767 6371

reimbursements due to generators for curtailment, as provided for in Law 15,269, Henrique Simoes

of 2025. Law 15,269, of 2025, established the right to compensation for generators Associate Analyst

subject to generation cut for reasons unrelated to their operation: the so-called henrique.simoes@ubs.com

external unavailability, which occurs when the National Electric System Operator +55-11-2767 6308

(ONS) determines the reduction or suspension of generation due to network Julia Ongarato

restrictions or system electrical reliability requirements, and not due to the failure Associate Analyst

of the generator itself. (link) julia.ongarato@ubs.com

+55-11-2767 6694

Aneel sets CDE quota for transmission companies at R$98.6mn

According to MegaWhat, Aneel set the quotas related to the charge of the Energy

Development Account (CDE) at R$98.6mn, for the month of April 2026. The amount

is related to 18 transmission concessionaires that serve free consumers and/or self-

producers with a consumption unit connected to the facilities of the Basic Network

of the National Interconnected System. (link)

UBS - recently published reports

On June 22 we initiated coverage on Compass - Pipeline to growth - Initiating with

Buy. We initiate coverage on PASS3 with a Buy rating and a R$38/share price target,

representing a 50% upside.