1. 1Q10 Results
Presentation
São Paulo, May 17th 2010
© Todos os direitos reservados para CTEEP

2. Agenda
Company Update
1Q10 Results
Capital Market Performance
Subsequent Events
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 2

3. Company Update
Leading private sector energy
transmission concessionaire in
Brazil.
Responsible for transmission of
30% of electricity produced in the
country and 60% of consumption
in the Southeast.
First São Paulo electricity energy
company to sign up to Bovespa’s
Level 1 Corporate Governance.
Footprint in 12 states.
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 3

4. CTEEP and its Shareholder’s Breakdown
Common Shares - TRPL3 Preferred Shares - TRPL4
(42% of the total) (58% of the total)
ISA Capital Other
89.40% Shareholders
Eletrobras
35.58%
53.74%
Secretaria da
Eletrobras Fazenda
Other
9.85% 10.68%
Shareholders
0.75%
Total Capital Stock
ISA Capital Eletrobras
37.50% 35.33%
Secretaria da
Fazenda
Other 6.20%
Shareholders
20.97%
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 4

5. Agenda
Company Update
1Q10 Results
Capital Market Performance
Subsequent Events
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 5

6. Net Revenue
Revenue linked to uptime of the Company’s assets
(R$ million)
-7.6%
+1.8%
419.9
381.2 388.1
1Q09 4Q09 1Q10
Main changes:
The provision for a reduction in revenue of R$ 21.3 million, the result of the second periodic tariff
review cycle;
Reduction in the Adjustment Portion for the 2009/2010 cycle of R$ 22.9 million with respect to the
agreement with the distributors CPFL Paulista and CPEE.
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 6

7. Cost of Operating Expenses
Main changes:
Reduction of 66.9% in the actuarial gain from the pension and healthcare plans;
Due to the Company’s practice of recording an actuarial gain up to the actuarial liability limit and not recognizing
eventual actuarial assets.
Increase of 177.6% (R$ 6.1 million) in contingency expenses:
Reflects the reversal of the judicial deposit held in escrow with respect to a law suit involving the INSS – Federal
Social Security Service (explanatory note 20 (b) (iv) of 1Q10 ITR (Quarterly Information)).
Cost of Services and General and Administrative Expenses
Change % Change %
(R$' 000) 1Q10 4Q09 1Q09
1Q10/4Q09 1Q10/1Q09
Personnel (41,559) (47,852) (44,119) -13.2% -5.8%
Material (2,918) (2,852) (4,474) 2.3% -34.8%
Deliberation CVM 371/00 3,401 15,062 13,279 -77.4% -74.4%
Services (21,639) (27,954) (19,432) -22.6% 11.4%
Depreciation (50,646) (78,478) (46,576) -35.5% 8.7%
Contingencies (9,627) (1,772) (3,468) 443.3% 177.6%
Other (8,392) (16,611) (6,981) -49.5% 20.2%
Total (131,380) (160,457) (111,771) -18.1% 17.5%
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 7

8. EBITDA
Strong Cash Generation
(R$ million)
84.5%
78.5% 79.2%
- 13.3%
+2.7%
354.7
299.2 307.4
1Q09 4Q09 1Q10
Ebitda Margem Ebitda
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 8

9. Financial Results
Main changes:
Increase in remuneration on debentures;
Recognition in 1Q09 of monetary restatement on the Instrument and Acknowledgement of Debt
Payment Agreement with the distributors;
Excluding the effect of interest on shareholders’ equity on financial expenses, the financial result for
1Q09 would have been a negative R$ 20.9 million.
Change %
Financial Income (R$' 000) 1Q10 1Q09
1Q10/1Q09
Income from financial investments 8,351 2,738 205.0%
Interest on assets 2,527 959 163.5%
Net monetary variations 2,651 28,984 -90.9%
Other 103 188 -45.2%
Total Financial Income 13,632 32,869 -58.5%
Change %
Financial Expenses (R$' 000) 1Q10 1Q09
1Q10/1Q09
Interest on own capital (61,920) (63,236) -2.1%
Interest on liabilities (16,443) (17,022) -3.4%
Charges on promissory notes 0 0 -
Other (12,143) (476) 2451.1%
Total Financial Expenses (96,447) (87,726) 9.9%
Financial Result (R$' 000) (82,815) (54,857) 51.0%
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 9

10. Net Income
(R$ million)
-12.2%
0
+23.8%
228.0
200.1
161.6
) 1Q09 4Q09 1Q10
Earnings per share of R$ 1.3280 in the first quarter of 2010.
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 10

11. Breakdown of Debt in 1Q10
Fuding Charges Maturity 1Q10 4Q09
BNDES (R$ millions)
TJLP + 2.3% year 06/15/15 491,209 514,117 CDI
CTEEP 29.5%
TJLP + 1.8% year 06/15/15 160,541 -
IEMG TJLP + 2.4% year 04/15/23 39,918 40,680
Commercial Papers
sd
2 Issue 119.5% CDI 04/19/10 218,901 213,696
th
3 Issue 106.5% CDI 01/13/10 - 208,029 TJLP
70.2%
Debentures
1st Issue CDI + 1.3% year 12/15/14 499,659 -
sd
2 Issue IPCA + 8.1% year 12/15/17 59,216 -
Banks
IENNE CDI + 2.5% year 14/2/10* 54,760 45,700
Outros
IESUL CDI + 3.0% year 04/15/10 18,953 23,538
0.3%
Eletrobras 8% per year 11/15/21 478 491
Leasing - 1,815 2,143
Total 1,545,450 1,048,394
* On February 17 2010, maturities of bank credit certificates were rolled over until July 30 2010
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 11

12. Company Update
1Q10 Results
Capital Market Performance
Subsequents Events
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 12

13. Capital Market Performance
Trading Financial - 1Q10
(R$ million)
Total R$ 478.9 million Daily Avarege: R$ 8.0 million
20
18
16
14
12
10
8
6
4
2
0
January-10 February-10 March-10
105
44.3 thousand trading transactions in
+ 2.60%
1Q10 (738 daily average traded). Growth of
100 - 0.44% 76% compared with 1Q09;
95 Present on all trade days;
- 7.51%
- 9.47%
90
TRPL4 Adjusted
27.17% Free-float ;
TRPL4 Unadjusted
85
IBOVESPA
TRPL4, IBOV and IEE - January Component of Ibovespa;
to March 2010 (base 100 =
IEE 12/31/2009)
80 R$ 7.0 billion market capitalization.
January-10 February-10 March-10 April-10
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 13

14. Capital Market Performance
American Depositary Receipts
2500 Volume of ADRs (thousands) US$ 54.0 $70
millions
Financial Volume of ADRs (US$ millions)
2000 $60
thousands
$50
1500
millions
$40
1000 $30
$20
500 US$ 4.0
millions $10
0 $0
Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10
Financial Volume of ADRs increase 1,272% compared with 1Q09
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 14

15. 1Q10 Shareholder Remuneration
AUTHORIZED AMOUNT R$
DATE OF
TIPO FISCAL YEAR CAPITAL STOCK
PAYMENT
EVENT DATE TOTAL P/SHARE
RCA 3/30/2010 JCP 2010 61,920,147.06 0.411002 20/04/2010 150,656,559
RCA 3/30/2010 Dividendos 2009 129,979,852.90 0.862756 20/04/2010 150,656,559
RCA 1/11/2010 Dividendos 2009 161,000,000.00 1.068656 22/01/2010 150,656,559
TOTAL OF PAYMENT - 1T10 352,899,999.96 2.342414
In 1Q10, the Company authorized the payout of R$ 61.9 million in interest on shareholders’
equity corresponding to R$ 0.411002 per shares and R$ 290.9 million in dividends, equivalent
to R$ 1.931412 per share.
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 15

16. Agenda
Company Update
1Q10 Results
Capital Market Performance
Subsequents Events
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 16

17. Subsequent Events
O/EGM resolution on dividend distribution
At the Ordinary/Extraordinary Shareholders’ Meeting held on April 29 2010, CTEEP’s
shareholders approved the allocation of the remaining outstanding net income for 2009 to the
payout of dividends amounting to R$ 77,302,605.60, corresponding to R$ 0.509143 per share of
both types with the ex-dividend date as of May 5 2010.
Including the distribution of the remaining balance of net income for fiscal year 2009, the
Company allocated R$ 783.2 million to its shareholders as dividends and interest on shareholders’
equity, corresponding to a dividend payout of 94.6%.
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 17

18. Subsequent Events
Ratification of the Increase in the Capital Stock
On April 23 2010, CTEEP’s Board of Directors ratified a capital increase of R$ 56,862.4 thousand
through the issue of 661,263 common and 511,158 preferred shares, totaling 1,172,421 new shares.
The value subscribed by the controlling company, via the paying in of the fiscal benefit from the
amortization of the goodwill premium on the acquisition of CTEEP was R$ 28,832.1 thousand and the
remainder subscribed by the minority shareholders corresponded to R$ 28,030.3 thousand.
The following graph shows the breakdown in capital stock:
Common Shares - TRPL3 Preferred Shares - TRPL4
Total Capital Stock
(42% of the total) (58% of the total)
ISA Capital Eletrobras
89.40% Other ISA Capital 35.42%
Shareholders 37.60%
35.40%
Eletrobras
53.98%
Secretaria da
Fazenda
Secretaria da Other 6.15%
Fazenda Shareholders
Other Eletrobras 10.62% 20.82%
Shareholders 9.85%
0.75%
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 18

19. Disclaimer
All statements contained herein with regard to the Company’s
business prospects, projected results and the potential growth
of its business aremere forecasts, based on local management
expectationsin relation to the Company’s future performance.
Dependent as they are on market shifts and on the overall
performance of the Brazilian economy and the sector
and international markets, such estimates
are subject to changes.
1Q10 Results Presentation © Todos os direitos reservados para CTEEP 19

20. Investor Relations
Phone: +55 11 3138-7557
email: ri@cteep.com.br
www.cteep.com.br/ir
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 20