Eletropaulo Posted Net Income of R$ 712.6 Million, R$ 339.3 Million Above 2006 Results

SAO PAULO, Brazil, March 19 /PRNewswire-FirstCall/ -- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. (Bovespa: ELPL3, ELPL5 and ELPL6; OTC: EPUMY and ELPSY), the largest electric energy distribution Company in Latin America, today announced its results for the fiscal year of 2007.

Comments by Mr. Alexandre Innecco - Chief Financial Officer and Investor
Relations Director

Eletropaulo's results in 2007 reflected the 4.6% growth in energy consumption in the concession area and the negative 8.43% impact of the Tariff Review, applied to tariffs since July 4, 2007. In the year, Eletropaulo strengthened its strategy aimed at cost and expense control, operating efficiency gain and loss reduction. Additionally, it concluded the refinancing of its debt.

The process of improving the Company's debt profile included the renegotiation of R$ 1,350.0 million with the local market, which resulted in a drop in debt average cost from CDI + 2.6% in 2006 to CDI + 1.3% in 2007 and the extension of average maturity from 2.8 years in 2006 to 4.9 years in 2007.

Dividends corresponding to the first half of 2007 and totaling R$ 487.8 million were paid in advance. At the General Shareholders' Meeting scheduled for April 23, 2008, Management will propose that R$ 227.2 million be distributed as dividends and interest on equity. With this amount, payments will come to R$ 715.0 million, which correspond to a payout of 100.3% of its Fiscal 2007 net earnings.

ELETROPAULO INVITES:

Conference Call / Webcast

PRESENTATION:
Britaldo Soares - Chief Executive Officer
Alexandre Cesar Innecco - CFO and Investor Relations Officer

DATE: Thursday, March 20, 2008

TIME: 11:00 a.m. (BR)/10:00 a.m. (EST)
CONNECTION NUMBER:
-- Brazil: (+55 11) 4688-6301
-- USA: (1-800) 860-2442
-- Other countries: (1 412) 858-4600

SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED.

CONFERENCE CODE: Eletropaulo

REPLAY: (+55 11) 4688-6312

CODE: 769
AVAILABLE FROM 03.20.2008 to 03.26.2008

FCMN Contact: luciana.silvestre@aes.com

Source: Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.

CONTACT: Luciana Silvestre, 55 11 2195 2282, Fax: 55 11 2195 2504,
luciana.silvestre@aes.com

Web site: www.eletropaulo.com.br/ri

2008-03-19 19:09:25 0316793 PRNEWSWIRE