Leverage • Celesc

CLSC3

Centrais Eléricas de Santa Catarina S.A. (Celesc) is a Brazilian electric holding company, controlled by the State of Santa Catarina, with a focus on power distribution and generation. The company is structured with two wholly owned subsidiaries: Celesc Distribuição S.A., its main operation, responsible for distributing electricity to 285 municipalities in Santa Catarina, and Celesc Geração S.A. Celesc Geração operates its own generator park with hydroelectric and solar power plants, sells energy, including as a retailer, and participates in other generation and transmission projects in partnership with private investors. In addition to its main operations in the electricity sector, Celesc holds a controlling interest in Companhia de Gás de Santa Catarina (SCGÁS) and has stakes in other energy and sanitation companies. The group's operations are concentrated in the state of Santa Catarina, where it operates in an integrated way in the electric and gas segments.