Valuation • Coelce

COCE6

Coelce, now operating under the name Enel Distribução Ceará, is an electric distribution utility controlled by the Italian group Enel. The company operates in all 184 municipalities in the state of Ceará and is the only energy distributor in the region. Its business model is regulated by the National Electric Energy Agency (ANEEL) and consists of distributing electricity from transmission grid connection points to end consumers, including residential, commercial, industrial and rural customers. The company's main activities include operating and maintaining network infrastructure, measuring energy consumption, and providing business services, such as billing and customer service. Enel Distribuição Ceará's revenue comes from distribution system usage fees (TUSD), which remunerate the electricity transportation service.