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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Notice to the Market – 18/20
Adherence to Covid Copel Distribuição Account
Companhia Paranaense de Energia - COPEL, a company that generates, transmits, distributes and sells power, with shares listed on the B3 (CPLE3, CPLE5, CPLE6), NYSE (ELPVY, ELP) and LATIBEX (XCOP), in compliance with CVM Instruction 358/2002, informs its shareholders and the market in general that Copel Distribuição (“Copel DIS”) has decided to file the Term of Acceptance to the Decree 10.350 / 2020 (Account -Covid) with ANEEL.
The total amount required was R$869,516,081.00 (eight hundred and sixty-nine million, five hundred and sixteen thousand and eighty-one reais), and on June 25, 2020, Copel DIS had already pronounced on the advance of R$536,358,882.18 (five hundred and thirty-six million, three hundred and fifty-eight thousand, eight hundred and eighty-two reais and eighteen cents), referring to the constituted CVA, which was part of its annual tariff adjustment.
Complementary values are subject to approval by the regulatory body.
Conta-Covid funds will be transferred to the distributors through a financial operation under the coordination of the Electric Energy Trading Chamber (“CCEE”).
Curitiba, July 02, 2020.
Adriano Rudek de Moura
Chief Financial and Investor Relations Officer
For further information, please contact the Investor Relations team:
ri@copel.com or +55 41 3331-4011
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COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
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By: |
/S/ Daniel Pimentel Slaviero
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Daniel Pimentel Slaviero Chief Executive Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
