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Centrais Eletricas Brasileiras SA - Stock Quote ELET3

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Morningstar's Centrais Eletricas Brasileiras SA Stock Analysis

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Centrais Eletricas Brasileiras SA's Company Profile

Business Description

Centrais Eletricas Brasileiras SA, or Eletrobras, is a mixed capital, Brazilian electric utility company of which the majority shareholder is the Government of Brazil. Eletrobras, through its subsidiaries, controls a sizable amount of total installed electricity generation, transmission, and distribution in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. The vast majority of the total energy produced by Eletrobras comes from its hydroelectric facilities. The company primarily generates revenue from the sale of electricity to distribution companies and free consumers. About half of Eletrobras' electricity sales are made using free market agreements, while the other half are completed through auctions and contracts.

Contact
Rua da Quitanda 196, 9th floor, Centro
Rio de Janeiro, RJ, 20091-005, Brazil
T +55 2125144637
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 12,090