August 29, 2014 6:46 AM ET

Electric Utilities

Company Overview of Companhia de Energia Elétrica do Estado do Tocantins - Celtins

Company Overview

Companhia de Energia Elétrica do Estado do Tocantins – Celtins supplies electricity in Tocantins, Brazil. It serves approximately 500,000 customers, including residential, real estate, and industrial and large customers in 139 municipalities. The company is based in Palmas, Brazil.

Quadra 104 Norte

Avenida LO4

Conjunto IV

Lote 12A

Palmas, TO 77006-032

Brazil

Key Executives for Companhia de Energia Elétrica do Estado do Tocantins - Celtins

Companhia de Energia Elétrica do Estado do Tocantins - Celtins does not have any Key Executives recorded.

Companhia de Energia Elétrica do Estado do Tocantins - Celtins Key Developments

CPFL Mulls Partners To Acquire CELTINS

CPFL Energia S.A. is seeking partners for the acquisition of Comp de Energia Eletrica do Estado do Tocantins-CELTINS, from Rede Energia S.A. Wilson Ferreira Junior, Chief Executive Officer of CPFL, said on October 11, 2012 that an alliance for the potential acquisition would be needed since Rede's assets are squatted in various regions of the country and require significant investments.

CPFL Energia Interested In Celtins

CPFL Energia S.A. has asked for financial and operating information about Comp de Energia Eletrica do Estado do Tocantins-CELTINS, which could be put up for sale, Celtins' administrator said on September 28, 2012. Banco Itau BBA S.A. asked on behalf of CPFL Energia. Celtins is controlled by Rede Energia S.A. Isaac Averbuch, the official overseeing the seizure of Celtins said, "We sense there's willingness on their part." Reuters reported that CPFL declined to comment and Itaú BBA did not have an immediate comment on the matter.

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