Rio de Janeiro, August 13, 2013.

Net income increases by 46.2% in the quarter

EBITDA moves up by 8.9%
Total energy consumption in 2Q13 was 2.5% higher than in 2Q12, totaling 5,897 GWh, driven by the 5.1% increase in commercial consumption and the 4.1% rise in industrial consumption; In the quarter, consolidated net revenue, excluding revenue from construction, came to R$1,670.9 million, 2.6% up on 2Q12. All the Companys business segments recorded a revenue upturn, led by commercialization, which increased by 144.2%; Consolidated EBITDA1 amounted to R$277.9 million in 2Q13, 8.9% up on 2Q12, mainly fueled by the termination of Light Energia energy contracts previously sold in the captive market and now contracted in the free market at higher prices. Adjusted EBITDA, which includes regulatory assets and liabilities (CVA), came to R$397.2 million in 2Q13, 20.1% up year-on-year; Net income totaled R$58.2 million, 46.2% more than in 2Q12, due to the reduction in financial expenses and the operating performance of the distribution and generation segments. Including the CVA, adjusted net income came to R$136.9 million, up by 52.5%; Non-technical energy losses in the last 12 months closed the quarter at 44.2% of billed energy in the low-voltage market (ANEEL criterion), 120 bps down on December 2012. Collections stood at 104.2% of billed consumption, 30 bps up year-on-year. Provisions for Past Due Accounts (PCLD) represented 2.5% of gross billed energy, 90 bps, or R$23.9 million, down on 2Q12. The Company closed 2Q13 with net debt of R$4,056.1 million, in line with March 2013. The net debt/EBITDA ratio stood at 2.62x; On 08/08/2013, the Companys wholly-owned subsidiary LIGHT ENERGIA S.A. (Light Energia) approved the signature, on this date, of an investment entered CEMIG into agreement with RR E
Operational Highlights (GWh) Grid Load* Billed Energy - Captive Market Consumption in the concession area** Transported Energy - TUSD** Sold Energy - Generation Commercializated Energy (Esco) Financial Highlights (R$ MN) Net Revenue*** EBITDA EBITDA Margin*** Net Income Net Debt Capex 2Q13 8,619 4,954 5,897 942 1,149 1,050 2Q13 1,671 278 16.6% 58 4,056 164 2Q12 8,600 4,916 5,754 837 1,298 386 2Q12 1,628 255 15.7% 40 3,263 185 Var. % 1H13 1H12 Var. %

PARTICIPAES S.A. (RR), GERAO TRANSMISSO S.A., (Cemig GT), RENOVA ENERGIA S.A. (Renova) and CHIPLEY SP PARTICIPAES S.A., whose objective is to regulate the entry as of Cemig as to GT in Renovas controlling group, well structure

0.2% 18,529 18,283 1.3% 0.8% 10,526 10,295 2.2% 2.5% 12,303 11,934 3.1% 12.5% 1,777 1,639 8.4% -11.5% 2,416 2,812 -14.1% 172.2% 2,081 784 165.2% Var. % 1H13 1H12 Var. % 2.6% 8.9% 90 bps 46.2% 24.3% -11.6% 3,532 633 17.9% 137 4,056 327 3,389 4.2% 689 -8.0% 20.3% 240 bps 180 -23.9% 3,263 24.3% 328 -0.5%

* Own Load + network use ** Does not consider CSN, due to its migration to the basic network

Chipley as a growth vehicle, with equity interest of Cemig GT and Renova, for which the Share Purchase Agreement
BM&FBOVESPA: LIGT3 OTC: LGSXY Total shares: 203,934,060 Free Float: 70,175,480 shares (34.41%) Market Cap (08/12/13): R$3,601 million
1

Conference Call: Date: 08/14/2013 Time: 4:00 p.m. (Brazil) // 3:00 p.m. (US ET) Phone numbers: +55 (11) 2188 0200 // +1 (646) 843 6054 Webcast: www.light.com.br

IR Contacts: Phone: +55 (21) 2211-2828/2560 Fax: +55 (21) 2211-2787 E-mail: [email protected] Website: www.light.com.br/ri

EBITDA is calculated in accordance with CVM Instruction 527/2012 and represents net income + income and social contribution tax + the net financial expense + depreciation and amortization.

of Brasil PCH S.A. (CCVA Brasil PCH), entered into between CEMIG GT and Petrleo Brasileiro S.A. Petrobras, on June 14, 2013, will be granted. On 08/08/2013, the Companys Board of Directors approved, at meeting held today, the request of its subsidiary Itaocara Energia Ltda., which holds 51% of UHE Itaocara Consortium, to terminate the Concession Agreement 12/2001 before Aneel. The termination of the Concession Agreement will not result in any charge to Itaocara Energia, since it is entitled to the rights set forth in Article 4 - A of Law 9074/2005, introduced by Law 12839/2013, as to: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the non-payment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans. On 08/01/2013, Moodys published its reports on Light SESA, Light Energia and Light S.A., maintaining their investment-grade status, with domestic and international scale ratings of Aa2.br and Ba1, respectively, both of which with a stable outlook.

Presentation of 2Q12 and 1H12 Results

The Companys 2Q12 and 1H12 were reclassified due to a change in accounting practices in regard to consolidating the results of Lights joint ventures, in accordance with IFRS 11 (CPC 19 R2). The reclassification affected the income statement accounts, but had no impact on net income, since the results of the joint ventures began to be booked under equity income. The following companies are no longer consolidated: Renova Energia, Guanhes Energia, Lightger, Axxiom, Amaznia Energia and E-Power. For further information, see Exhibit V. The income statement of the joint ventures, equivalent to proportional stake, is included in Exhibit VI to this release. This is an additional information, only for comparative purposes, since it is not in accordance with Brazilian accounting practices.

Table of Contents
1. The Company............................................................................................................................. 5 2. Operating Performance............................................................................................................. 6 2.1 Distribution .......................................................................................................................... 6 Energy Balance................................................................................................................... 7 Energy Losses ................................................................................................................... 10 Collection ......................................................................................................................... 13 Operating Quality ............................................................................................................ 14 2.2 Generation ......................................................................................................................... 15 2.3 Commercialization and Services ........................................................................................ 15 3. Financial Perfornamce............................................................................................................. 15 3.1 Net Revenue ...................................................................................................................... 16 Consolidated .................................................................................................................... 16 Distribution ...................................................................................................................... 17 Generation ....................................................................................................................... 17 Commercialization and Services ..................................................................................... 18 3.2 Costs and Expenses............................................................................................................ 18 Consolidated .................................................................................................................... 18 Distribution ...................................................................................................................... 19 Generation ....................................................................................................................... 21 Commercialization and Services ..................................................................................... 22 3.3 EBITDA ............................................................................................................................... 22 Consolidated .................................................................................................................... 22 Distribution ...................................................................................................................... 24 Generation ....................................................................................................................... 24 Commercialization and Services ..................................................................................... 24 3.4 Consolidated Financial Results .......................................................................................... 25 3.5 Debt ................................................................................................................................... 26 3.6 Net Income ........................................................................................................................ 28 3.7 Investments ....................................................................................................................... 29 Generation Capacity Expansion Projects ........................................................................ 30 4. Cash Flow ................................................................................................................................ 33 5. Corporate Governance ............................................................................................................ 34 6. Capital Market ......................................................................................................................... 35 7. Recent Events .......................................................................................................................... 37 8. Disclosure Program ................................................................................................................. 39

1. The Company
Light S.A. is a holding company that controls subsidiaries and affiliated companies in three main business segments: energy distribution, generation and commercialization/services. In order to increase the transparency of its results and provide investors with a better basis for evaluation, Light also presents its results by business segment. The Companys corporate structure in June 2013 is shown below:

Light S.A. (Holding)

100%

100%

51%

100%

25.5%

100%

100%

100%

100% Instituto Light

51%

20%
CR Zongshen E-Power Fabricadora de Veculos S.A.

Light Servios Light Energia de Eletricidade S.A. S.A.

Lightger S.A.

Itaocara Energia Ltda.

Light Esco Amaznia Prestao de Energia S.A. Servios S.A.

Lightcom Light Solues Comercializadora em Eletricidade de Energia S.A.

Ltda.

Axxiom Solues Tecnolgicas S.A.

21.99%

100%

100%

9.77%

Renova Energia S.A.

Central Elica Central Elica So Judas Fontainha Tadeu Ltda. Ltda.

Norte Energia S.A.

33% EBL Cia de Eficincia Energtica S.A.

51%

Guanhes Energia S.A.

Distribution

Generation

Commercialization and Services

Institutional Systems

Electric Vehicles

OPERATING INDICATORS N of Consumers (thousand) N of Employees Average provision tariff - R$/MWh Average provision tariff - R$/MWh (w/out taxes) Average energy purchase cost - R$/MWh Installed generation capacity (MW) Assured energy (MW) Pumping and internal losses (MW) Available energy (Average MW) Net Generation (GWh) Load Factor
Does not include purchase on spot.

2Q13 4,128 4,242 361 252 138 942 687 87 600 1,255 62.3%

2Q12 4,059 4,209 444 307 116 879 653 87 566 1,170 65.3%

Var. % 1.7% 0.8% -18.8% -17.9% 18.7% 7.1% 5.2% 6.0% 7.3% -

2. Operating Performance
2.1 Distribution
TOTAL ENERGY CONSUMPTION (GWh) (CAPTIVE + FREE) - QUARTER

2.5%

837

942

0.1% 1,969 1,972 1,867 182

5.1% 1,962 215 1,748 607 373 678 342 2Q13 937 48 889 2Q12 942 49 893 2Q13 2Q12 2Q13 4.1% 0.6% 4,916 4,954

1,685

2Q12

2Q13

2Q12

2Q13

2Q12

Residential

Commercial

Industrial Captive Free

Others

Total

Total energy consumption in Light SESAs concession area (captive clients + transport of free clients2) came to 5,897 GWh in 2Q13, 2.5% up on 2Q12, chiefly due to the 5.1% increase in commercial consumption and the 4.1% upturn in industrial consumption. If consumption by the free client CSN is taken into account, total consumption came to 6,304 GWh in 2Q13, 2.3% higher than the 6,160 GWh recorded in 2Q12. Residential consumption totaled 1,972 GWh in the quarter, just 0.1% up on 2Q12 despite the 1.2C year-on-year temperature drop in April, accounting for 33.4% of the total market. Commercial clients consumed 1,962 GWh, 5.1% more than in 2Q12, accounting for 33.3% of the total, impacted by healthy economic activity in the concession area. Another two clients joined the free market in 2Q13, having been recorded under captive clients in 2Q12, resulting in a 3.3 GWh period increase in free market consumption.

To preserve comparability with the market approved by ANEEL in the traffic adjustment process, the billed energy of the free consumer CSN was excluded, in view of this clients then planned migration to the core network. Energy consumption by CSN totaled 407 GWh in 2Q13 and 407 GWh in 2Q12.

Industrial consumption amounted to 1,021 GWh, equivalent to 17.3% of the total market, 4.1% up on 2Q12, driven by the free market, which recorded growth of 11.7%, chiefly due to the paper and steel industries. Two clients migrated from the captive to the free market, totaling 1.1 GWh in 2Q13. The other consumption segments, which accounted for 16.0% of the total market, posted an upturn of 0.6% over 2Q12, with the rural, government and public utility categories, which represented 0.2%, 6.8% and 5.7% of the total market, respectively, recording a reduction 1.8%, and increase of 1.1% and 0.1%, respectively.

TOTAL ENERGY CONSUMPTION (GWh) (CAPTIVE + FREE) - YEAR

3.1%

1,639 1.8% 4,317 4,395 3,808 374 3,434 6.5% 4,055 430 3,625 1,167 774 1H12 1H13 1H12 1H13 1H12 1,244 701 1H13 0.2% 1,868 98 1,771 1H12 2.2% 10,295 1,909 103 1,806 1H13 1H12

1,777

10,526

1H13

Residential

Commercial

Industrial Captive Free

Others

Total

Total energy consumption in Light SESAs concession area (captive clients + transport of free clients3) amounted to 12,303 GWh in 1H13, 3.1% up on 1H12, primarily influenced by the performance of the commercial sector and the suspension of long-term default clients, which reduced 1H13 billed consumption by 35 GWh. Excluding this effect, consumption increased by 3.4% year-on-year. If consumption of the free client CSN is taken into account, total consumption came to 13,145 GWh in 1H13, versus 12,687 GWh in 1H12. Residential consumption totaled 4,395 GWh in 1H13, 1.8% up on 1H12 and accounting for a 35.7% of the total market, due to the termination of contracts with clients with long-term default and the reclassification of

To preserve comparability with the market approved by ANEEL in the tariff adjustment process, the billed energy of the free consumer CSN was excluded, in view of this clients then planned migration to the core network. Energy consumption by CSN totaled 841 GWh in 1H13 and 754 GWh in 1H12.

condominiums from the residential to the commercial segment. Excluding these effects, residential consumption increased by 5.3%. Average monthly consumption climbed from 188.9 kWh in 1H12 to 196.4 kWh in 1H13. Commercial clients consumed 4,055 GWh, 6.5% up year-on-year and accounting for 33.0% of the total, fueled by the the reclassification of condominiums from the residential to the commercial segment and the excellent performance of the retail, building service and health-related service segments, which recorded respective upturns of 2.9%, 29.3% and 3.4%, and corresponding to shares of 29.5%, 15.3% and 3.9%. Excluding the condominium reclassification effect, commercial consumption grew by 3.5%. In 1H13, 21 clients migrated to the free market, representing total consumption of 40 GWh. In addition, the 71 existing free market clients consumed 25 GWh more than in 1H12. In 1H13, industrial consumption amounted to 1,945 GWh, up by just 0.2% on 1H12. Eight clients migrated to the free market between the two periods, representing consumption of 25 GWh in 1H13.

Energy Balance
DISTRIBUTION ENERGETIC BALANCE - GWh Position: January - June 2013
PROINFA 242.4 CCEAR Light Energia 25.0 ITAIPU (CCEE) 2,638.3 AUCTIONS (CCEE) 3,838.2 NORTE FLU (CCEE) 3,150.1 OTHERS(*) (CCEE) 749.3 Shares 3,819.5 ANGRA I & II 442.5 Billed Energy 10,526.3

Residential 4,394.6 Industrial 701.1 Commercial 3,624.9 Losses + Non Billed Energy 4,132.3 Others 1,805.7

Own load Light

14,658.6

Required E. (CCEE)
14,905.3

Basic netw. Losses Adjustment

215.3 31.4

(*) Others = Purchase in Spot - Sale in Spot. Note: 1) At Light S.A., there is intercompany power purchase/sale elimination 2) Power purchase data as of 04/09/2013 (subject to change)

Energy Balance (GWh) = Grid Load - Energy transported to utilities - Energy transported to free customers* = Own Load - Captive market consumption
Low Voltage Market Medium Voltage Market

2Q13 8,619 596 1,318 6,705 4,954

3,262 1,692

2Q12 Var. % 1H13

1H12 Var. %

8,600 0.2% 18,529 18,283 1.3% 664 -10.2% 1,229 1,314 -6.4% 1,223 7.8% 2,641 2,427 8.8% 6,712 -0.1% 14,659 14,543 0.8% 4,916 0.8% 10,526 10,295 2.2%
3,211 1,706 1.6% -0.8% 7,058 3,468 6,823 3,472 3.4% -0.1%

= Losses + Non Billed Energy

*Including CSN

1,750 1,796 -2.6% 4,132 4,248 -2.7%

Energy Losses
Non-technical energy losses totaled 5,953 GWh in the last 12 months, accounting for 44.2% of billed energy in the low-voltage market (ANEEL criterion), 120 bps down on the 12 months ended December 2012. Light SESAs total energy losses amounted to 8,582 GWh, or 23.4% of the grid load, in the 12 months ended June 2013, 20 bps down on December 2012.
Non tecnical losses / Low Voltage market 12 months
5,457 42.2% 34.2% 5,615 43.1% 33.8% 6,007 45.4% 6,029 44.9% 5,953
7,838

Light Losses Evolution 12 months

8,057 22.7% 15.8% 8,584 23.6% 16.5% 8,647 23.6% 16.5% 8,582 23.4% 16.3%

44.2%

22.3% 15.6%

33.3%

32.8%

32.4%
Jun-12 Sep-12 Losses / Grid Load % Dec-12 Mar-13 Jun-13

Jun-12

Sep-12 Dec-12 Mar-13 Non-Technical Losses % Low Voltage Mkt Regulatory Losses Losses (GWh)

Jun-13

Non-Tecnical Losses / Grid Load Losses (GWh)

In order to improve the reduction in non-technical energy losses, Light has been investing in initiatives that include conventional fraud inspection procedures, the upgrading of network and measurement systems, and the Zero Loss Area program (APZ). The main highlights are as follows:

Normalized Costumers

8.0% 24,143

26,077

Consumer unit inspections: this initiative is directed at low-voltage residential clients, who are selected by an intelligence system. The Company conducted 13,831 regularization procedures in 2Q13, 9.4% up on the 12,638 recorded in 2Q12), resulting in the incorporation of 11.7 GWh, versus 9.8 GWh in the same period last year. However, energy climbed by 16%, from 25.6 GWh, in 2Q12, to 29.8 GWh. The assertiveness ratio increased 560 bps year-on-year, demonstrating the improved efficiency of the potential fraudulent client selection process.

1S12

1S13

Recovered Energy (GW)

69.4 37.6% 50.4

Indirect low-voltage inspections: the inspection of major clients through indirect low-voltage measurement systems, accounts for an important share of Lights energy incorporation and recovery. In 2Q13, the Company conducted 1,190 such regularizations, up from 780 in the same period in 2012, while incorporated energy increased from 5.5 GWh to 14.9 GWh and recovered energy fell from 6.2 GWh to 5.5 GWh, respectively.
1S12

1S13

10

Installation of remote electronic metering devices: SMC (centralized metering system) devices are installed in areas with high loss rates, with or without the support of Pacifying Police Units (UPPs). The UPPs give Light more room for maneuver in regard to combating default or energy theft. The Company installed 9,795 such devices in UPP-protected areas in 2Q13, resulting in the incorporation of 17 GWh. In areas outside the sphere of the UPPs, Light installed 25,267 devices, with the incorporation of 17.3 GWh. The goal is to reach 460,000 electronic meters installed by year-end.

Energy Incorporation (GW)

1.0% 35.3 35.6

1S12

1S13

Zero Loss Areas (APZ): in August 2012, the Company created the APZ Project, based on a combination of electronic metering and a shielded network, supported by dedicated teams of technicians and customer relations personnel with clearly defined targets, whose compensation is tied to improving loss and default indicators in their respective areas. A typical APZ has around 15,000 clients. The project, known commercially as Light Legal, which receives support from SEBRAE in regard to training partnering microentrepreneurs, closed June 2013 with 20 operational APZs and 318,000 clients in the Baixada

Electronic Meters Installed (thousand units)

376 50.4% 250

jun-12

jun-13

Fluminense region, and the citys west and north sides. The 2013 goal is to reach a total of 30,000 Light Legal units, comprising around 400,000 clients (10% of the total). Since the beginning of the project, the APZs in place have already resulted in an average 2600 bps reduction in non-technical energy losses on low-voltage billings and an average revenue increase of 700 bps. The results per installed APZ through June are shown below:

11

Neighborhood Curicica Realengo Cosmos Sepetiba Caxias 1 e 2 Belford Roxo 1 e 2 Vigrio Geral Caxias 3 Nova Iguau 1 Nova Iguau 2 Nilpolis Nilpolis Convencional Ricardo de Albuquerque Mesquita Cabritos/Tabajaras/Chapu Mangueira/Babilnia Coelho da Rocha Batan Total

Client Numbers 13,034 10,141 35,216 18,960 13,907 20,005 16,141 16,768 32,423 20,500 9,923 11,080 24,593 8,759 5,277 17,621 7,151 281,499

Non-Technical Losses / Low Voltage Market * 11.9% 15.8% 20.8% 31.5% 22.9% 29.1% 15.8% 22.9% 31.5% 24.5% 28.5% 14.0% 18.1% 34.0% 11.6% 16.8% 9.5% 22.5%

Collection Rate 99.0% 98.1% 105.1% 97.4% 93.7% 94.8% 99.6% 98.7% 97.9% 96.2% 94.1% 96.7% 97.6% 94.8% 96.7% 91.6% 103.5% 98.2%

* Reflects the results accumulated until jun/13 since the begining of the implementation of each APZ.

Communities
Since the beginning of the pacification process in low-income communities in the state of Rio de Janeiro in 2009, Light has increased its presence in these areas in order to improving the quality of supply and avoiding energy theft. Up to June 2013, the Company installed 79,000 electronic meters in the

Areas Santa Marta Cidade de Deus 1 Chapu Mangueira Babilnia Cabritos Tabajaras Formiga Batan Borel

Losses Collection Conclusion Year Before Current Before Current 2009 2010 2010 2011 2011 2012 2013 95.0% 52.1% 62.7% 62.3% 73.3% 61.8% 60.5% 5.1% 14.5% 8.6% 11.8% 10.8% 8.9% 26.1% 0.2% 23.1% 16.2% 5.4% 1.4% 9.5% 31.4% 1.2% 9.4% 98.3% 96.2% 101.4% 97.1% 96.6% 95.1% 92.6% 91.0% 84.3%

communities.

Of the 33 communities with Pacifying Police Units, Light is present in 15 and has already concluded the remodeling of the network in nine, recording an average 518 bps loss reduction (from 64.1% to 12.3%) and an average 804 bps in timely payments (from 9.6% to 93.3%), as can be seen in the adjacent table.

12

Collection
The 2Q13 collection rate totaled 104.2% of billed consumption, 30 bps up on 2Q12 and 220 bps more than in 2Q11. All segments recorded rates of more than 100%, indicating the payment of past due and current bills, chiefly due to the continuity of the program to combat default in the quarter.
Retail Large Costumers
2Q11 100.7% 105.0% 104.5% 101.8% 101.4% 100.1% 108.3%107.4%108.1% 103.9%104.2% 102.0%

Collection Rate per Segment Quarter

Public Sector
2Q12 2Q13

Total

The first-half collection rate came to 102.5%, once again with all segments recording more than 100%, primarily due to the ongoing program to combat default with the
103.4% 102.0% 98.0% 95.6% 100.1% 101.6% 99.7% 97.7% 99.3%

Collection Rate per Segment Half

104.0% 102.5% 102.5%

progressive installation of electronic meters, more efficient collection procedures, the increasing number of disconnections, and

the change in the criterion for treating clients with long-term default. In 2Q13, provisions for past due accounts (PCLD) totaled R$48.4 million, representing 2.5% of gross billed energy, R$23.8 million less than the R$72.2 million provisioned in 2Q12, or 3.4% of gross billed energy. In the last 12 months, excluding the non-recurring provisioning in 4Q12, PCLD represented 1.3% of gross billed energy in June 2013, 160 bps down year-onyear, once again reflecting the constant
Dec-11 Mar-12 Dec-12 Sep-11 Sep-12 Jun-12 Jun-11

Retail

Large Costumers
1H11 1H12

Public Sector
1H13

Total

PCLD/Gross Revenue (Billed Sales) 12 Months

3.2% 3.2% 3.2% 3.0% 3.0% 2.9% 2.4% 2.4% 2.8% 2.6%

1.9% 1.5%
Mar-13

1.3%

the criterion for treating clients with long-term default as of February 2012.

PCLD/ROB

Non-recurring provisions (4Q12)

Provisions for Past Due Accounts

2Q13 PCLD 48.4

R$ MN 2Q12 1H13 72.2

1H12

2Q13 2.5%

% PCLD/ROB 2Q12 1H13 3.4% 1.8%

1H12 3.0%

77.4 133.9

13

Jun-13

initiatives to reduce default and the change in

Operating Quality
Light is fully committed to maintaining the supply of high-quality electricity. In the second quarter of 2013, it invested R$24.4 million to improve the quality of its supply. In addition to improving relations between the distributor and its clients, quality levels will be of major importance in the regulatory model, given the rules approved for the 3rd tariff revision cycle. Companies will be encouraged to improve their quality standards, which will be recognized through the X factor. In 2Q13, 283 medium-voltage distribution circuits were inspected/maintained, 1,106 transformers were replaced and 30,669 trees were pruned. In the underground distribution network, 6,517 transformer vaults and 11,494 manholes were inspected. In addition, 1,101 transformers, 57 switches and 29 protectors were maintained. In the 12 months through June, the moving average of the equivalent length of interruption indicator (DEC), expressed in time, registered 20.49 hours, while that of the equivalent frequency of interruption indicator (FEC), expressed in occurrences, stood at 9.05 times. In order to reverse this downward trend in the overall quality indicators, it was implemented an organizational restructuring of the Company, focusing on the processes of operation and maintenance of the power grid, and in parallel, is effective an emergency action plan, charaterized by more intensive tree pruning and energy network maintenance measures. Besides, it was implemented in june, a new software management - GDIS, aiming to assist in this process.

DEC e FEC - 12 months

20.49 15.89 2.69 7.55 9.05

DEC e FEC - Without Purge Quarter

3.80

1.79 1.38

DEC Jun-12

FEC Jun-13

DEC 2Q12

FEC 2Q13

14

2.2 Generation
LIGHT ENERGIA (GWh) Regulated Contracting Environment Sales Free Contracting Environment Sales Spot Sales (CCEE) Total 2Q13 254.5 880.2 14.2 1,148.9 2Q12 977.2 186.9 133.6 1,297.7 % -74.0% 370.8% -89.4% -11.5% 1H13 1H12 %

518.1 2,029.1 -74.5% 1,859.8 318.2 484.5% 37.6 464.9 -91.9% 2,415.5 2,812.2 -14.1%

Light Energia sold 1,148.9 GWh in the second quarter of 2Q13, 11.5% down year-on-year due to lower spot market sales, which came to just 14.2 GWh this quarter, 89.4% less than in 2Q12, due to exceptionally poor hydrological conditions, impacted by low average rainfall and the consequent depletion of hydro plant reservoirs. The Generation Scaling Factors (GSF) in April, May and June came to 101.7%, 100.2% and 97.8%, respectively, versus 113.2%, 107.1% and 106.3% in the same months in 2012. Energy sold on the captive market (ACR) totaled 254.5 GWh, 74.0% down year-on-year mainly due to the maturity of the energy sale contracts acquired at the mega-auction in 2004, equivalent to 345 averageMW. These contracts were renegotiated on the free market (ACL), whose energy sales moved up by 370.8% as a result, reaching 880.2 GWh. First-half energy sales totaled 2,415.5 GWh, 14.1% down on 1H12, also due to the exceptionally poor hydrological conditions, impacted by low average rainfall and the consequent depletion of hydro plant reservoirs.

2.3 Commercialization and Services

In the second quarter of 2013, direct energy sales by Light Esco and LightCom, from conventional and subsidized sources, totaled 1,049.8 GWh, versus 385.7 GWh in the same period last year. The expansion was mainly due to the sale of Light Energias energy which became available after the end of the contracts executed at the 2004 auction.
385.7 172.2% 1,049.8 784.4 165.2%

Volume (GWh)
2,080.6

In the service segment, the Company entered into an agreement to remodel a chilled water plant in a large shopping mall in Rio de Janeiro.
2Q12 2Q13 1H12 1H13

Currently, Light Esco has 12 projects under development, including a co-generation project for a large beverage company, with total investment of approximately R$85 million, and a project for the construction of a solar power plant in the Maracan soccer stadium through EDF Consultoria em Projetos de Gerao de Energia Eltrica Ltda., 51% owned by Light ESCO and 49% by EDF Consultoria. Light Escos investment totals R$6 million. First-half energy sales totaled 2,080.6 GWh, 165.2% up on the 784.4 GWh recorded in 1H12.

15

3. Financial Performance
3.1 Net Revenue Consolidated
Net Revenue (R$ MN) Distribution Billed consumption Non billed energy Network use (TUSD) Short-Term (Spot) Others Subtotal (a) Construction Revenue Subtotal (a') Generation Generation Sale (ACR+ACL) Short-Term Others Subtotal (b) Commercialization and Services Energy Sales Services Subtotal (c) Others and Eliminations (d) Total w/out construction revenue (a+b+c+d) Total (a'+b+c+d) 2Q13 1,360.2 (46.4) 146.4 5.1 20.3 1,485.7 175.6 1,661.2 117.1 13.2 1.7 132.0 167.4 3.0 170.4 (117.1) 1,670.9 1,846.5 2Q12 1,319.5 (22.5) 143.2 16.9 15.2 1,472.3 162.2 1,634.5 89.1 21.6 1.6 112.3 57.9 11.9 69.8 (26.5) 1,627.9 1,790.1 Var.% 3.1% 105.6% 2.2% -70.1% 33.4% 0.9% 8.2% 1.6% 31.5% -39.2% 4.6% 17.5% 189.1% -75.1% 144.2% 341.1% 2.6% 3.2% 1H13 2,969.2 (126.0) 285.7 5.1 37.8 3,171.8 332.8 3,504.7 260.7 13.2 3.4 277.3 334.6 12.3 346.9 (264.0) 3,532.0 3,864.8 1H12 2,768.0 3.0 280.8 17.6 42.0 3,111.4 299.7 3,411.1 170.8 34.4 3.3 208.5 105.3 13.0 118.2 (49.1) 3,389.1 3,688.8 Var.% 7.3% 1.8% -71.3% -10.0% 1.9% 11.1% 2.7% 52.6% -61.8% 5.9% 33.0% 217.8% -5.3% 193.3% 438.2% 4.2% 4.8%

Balance of the settlement on the CCEE The subsidiary Light SESA counts revenues and costs, with zero margin, related to services of construction or improvement in infrastructure used in services of electricity distribution.

Consolidated net operating revenue totaled 1,846.5 million in 2Q13, 3.2% up on 2Q12. Excluding revenue from construction, which has a neutral effect on net income, consolidated net revenue increased by 2.6% to 1,670.9 million. All of the Companys operational segments recorded growth, led by generation and commercialization, thanks to energy sales to the free market at higher prices, replacing older sales contracts to the captive market. Excluding construction revenue, first-half consolidated net revenue totaled R$3,532.0 million, 4.2% up on 1H12.

16

Distribution
Net revenue from distribution totaled R$1,661.2 million in 2Q13, 1.6% more than in 2Q12. Excluding revenue from construction, net revenue from distribution amounted to R$1,485.7 million, 0.9% up year-on-year. The improvement was mainly due to the 2.5% upturn in total market consumption and the average 12.27% increase in the captive market energy tariff as of November 7, 2012, partially offset by the extraordinary tariff adjustment of January 24, 2013, which reduced tariffs by 19.63%, on average. The distribution market consists mostly of the residential and commercial segments, which together accounted for 72.1% of the energy sales revenue in 2Q13. Free market sales accounted for 10%.

Electric Energy Consumption - (GWh) 2Q13

Industrial 6% 342.3 Others 15% 892.9 Residential 33% 1,971.5

Net Revenue by Class R$ MN - 2Q13

Industrial 5% 82.9 146.4 Residential 42%

TUSD 10% Others 13%

191.1

942.2 Free Clients 16% 1,747.7 Commercial 30% Commercial 30%

633.9

452.4

Excluding revenue from construction, net revenue from distribution came to R$3,171.8 million in the first half, 1.9% up year-on-year, chiefly due to the 3.1% increase in market consumption.

Generation
Net revenue from generation totaled R$132.0 million in the quarter, 17.5% more than in 2Q12, chiefly due to the substantial 370.8% increase in the volume of energy sold on the free market (ACL), whose contract prices are higher than on the captive market, where this energy was previously sold. The average sale price, net of taxes, weighted by both markets, stood at R$103.2/MWh, 34.9% up on the R$76.5/MWh recorded in 2012. First-half net revenue totaled R$277.3 million, 33.0% up on 1H12, primarily due to the higher price and volume of energy contracts traded on the free market (ACL), as well as the increase in the average spot market price.

17

Commercialization and Services

Net revenue from commercialization and services stood at R$170.4 million in 2Q13, 144.2% up on 2Q12, chiefly due to the substantial period increase in prices and volume of energy sold, primarily as a result of the reallocation of Light Energias captive market contracts terminated at the close of last year to the free market. The average sales price, net of taxes, totaled R$159.5/MWh in 2Q13, 6.2% more than the R$150.1/MWh recorded in 2Q12. First-half net revenue totaled R$346.9 million, 193.3% up on the same period last year.

3.2 Costs and Expenses Consolidated

Costs and Expenses (R$ MN) Distribution Distribution w/out Construction Revenue Generation Commercialization Others and Eliminations Consolidated w/out Construction Revenue Consolidated 2Q13 (1,570.5) (1,395.0) (43.2) (164.7) 112.8 (1,490.2) (1,665.7) 2Q12 (1,537.8) (1,375.6) (39.4) (62.3) 23.1 (1,454.2) (1,616.4) Var.% 2.1% 1.4% 9.8% 164.5% 388.7% 2.5% 3.1% 1H13 (3,266.5) (2,933.7) (81.4) (328.6) 253.7 (3,089.9) (3,422.7) 1H12 (3,034.6) (2,734.9) (73.0) (107.2) 42.2 (2,872.9) (3,172.6) Var.% 7.6% 7.3% 11.5% 206.4% 501.1% 7.6% 7.9%

In 2Q13, operating costs and expenses totaled R$1,665.7 million, 3.1% up year-on-year. Excluding construction costs, consolidated costs and expenses climbed by 2.5% over 2Q12, mainly driven by the 164.5% increase in commercialization segment costs, due to the increased volume of energy purchased for resale, in addition to the 2.1% upturn in costs and expenses from the distribution segment. Eliminations totaled R$112.8 million, up 388.7% year-on-year, chiefly due to Light Escos energy purchases from Light Energia. In 1H13, consolidated costs and expenses, excluding construction costs, totaled R$3,089.9 million, 7.6% more than in 1H12.

18

Distribution
Costs and Expenses (R$ MN) Non-Manageable Costs and Expenses Energy Purchase costs Costs with Charges and Transmission Others (Mandatory Costs) Manageable Costs and Expenses PMSO Personnel Material Outsourced Services Others Provisions Depreciation and Amortization Other Operacional/Revenues Expenses Construction Revenue Total costs w/out Construction Revenue Total Costs 2Q13 (1,036.6) (905.3) (126.4) (4.8) (358.4) (202.3) (65.2) (3.9) (108.6) (24.5) (66.6) (83.8) (5.7) (175.6) (1,395.0) (1,570.5) 2Q12 (1,053.0) (841.1) (207.8) (4.1) (322.6) (169.9) (61.7) (3.8) (89.2) (15.2) (84.0) (67.9) (0.8) (162.2) (1,375.6) (1,537.8) Var.% -1.6% 7.6% -39.2% 17.2% 11.1% 19.0% 5.6% 3.0% 21.7% 62.0% -20.7% 23.6% 567.2% 8.2% 1.4% 2.1% 1H13 (2,258.2) (1,944.8) (304.3) (9.1) (675.5) (386.3) (138.3) (7.6) (197.2) (43.2) (111.8) (164.5) (12.9) (332.8) (2,933.7) (3,266.5) 1H12 (2,079.2) (1,662.7) (408.3) (8.3) (655.7) (337.6) (126.5) (7.4) (174.4) (29.3) (170.5) (143.6) (4.1) (299.7) (2,734.9) (3,034.6) Var.% 8.6% 17.0% -25.5% 10.1% 3.0% 14.4% 9.3% 3.3% 13.1% 47.4% -34.4% 14.6% 219.2% 11.1% 7.3% 7.6%

In 2Q13, distribution costs and expenses moved up by 2.1% over 2Q12. Excluding construction costs, total costs and expenses grew by 1.4%, mainly due to the 11.1% increase in manageable costs and expenses.

Non-Manageable Costs and Expenses

In 2Q13, non-manageable costs and expenses came to R$1,036.6 million, 1.6% down on the same period in 2012. This result already includes the impact of Decree 7945/13, with the booking of R$55.8 million from the transfer of CDE funds to reduce costs. Purchased energy costs increased by 7.6% over 2Q12, chiefly due to the increase in the difference settlement prices (PLD) from R$164.0/MWh, in 2Q12, to R$249.5/MWh, which resulted in higher expenses with Availability Contracts, due to thermal plant dispatch by the National System Operator (ONS) as a result of depleted hydro plant reservoirs. Other contributing factors included the contract adjustment with UTE Norte Fluminense in November 2012, and the depreciation of the Real, which impacted the cost of acquiring energy from Itaipu.

Purchased Energy - R$ MN Half

1,944.8 1,662.7 2.3% 16.5% 28.3%
52.9% 53.7%

17.0%

2.7% 15.9% 27.6%

1H12
AUCTIONS NORTE FLU

1H13
ITAIPU SPOT

Purchased Energy- GWh Half

15,032 1.7% 2.4% 17.6% 21.1% 14,946 -0.6% 1.6% 5.3% 17.7% 21.1%

57.2%

54.4%

1H12 AUCTIONS SPOT NORTE FLU PROINFA

1H13 ITAIPU

19

Costs with charges and transmission fell by 39.2%, mainly due to the reduction in the network use charge, as a result of the renewal of certain transmission companies contracts. The following table gives a breakdown of non-manageable costs:
Non-Manageable Costs and Expenses (R$ MN) Energy Purchase costs Itaipu TPP Norte Fluminense Short-Term Energy (Spot)
Hydrological Risk CDE - Hydrological Risk Quotas Exposure CDE - Quotas Exposure Others

2Q13 (905.3) (165.0) (270.0) 17.3

20.6 (1.6) (1.6)

2Q12

Var. %

1H13

1H12

Var. % 17.0% 13.1% 14.1% 39.2%

89.1%

(841.1) 7.6% (1,944.8) (1,662.7) (151.3) 9.0% (309.9) (274.1) (235.2) 14.8% (537.0) (470.6) (10.9) (53.0) (38.1)
(10.9) -85.0% 84.2% -20.3% (110.9) 129.8 (160.4) 160.4 (72.0) (462.2) (582.7) (38.1)

Energy Auctions
Availabilities Contracts Others

(487.8)
(236.5) (251.2)

(443.7)
(128.4) (315.3)

9.9% (1,044.8)

(879.9)
(199.1) (680.8)

18.7%
132.1% -14.4%

Costs with Charges and Transmission

System Service Charge (ESS) CDE - ESS Transported Energy Other Charges

(126.4)
(85.1) 57.4 (50.7) (48.0)

(207.8) -39.2%
(22.5) 278.2% (129.7) (55.6) -60.9% -13.7%

(304.3)
(300.4) 193.6 (103.5) (94.0)

(408.3)
(46.0) (260.6) (101.7)

-25.5%
553.1% -60.3% -7.5%

Others (Mandatory Costs) Total

(4.8) (4.1) 17.2% (9.1) (8.3) (1,036.6) (1,053.0) -1.6% (2,258.2) (2,079.2)

10.1% 8.6%

Non-manageable costs are passed on to consumer tariffs and any increase above the regulatory level constitutes a regulatory asset (CVA) balance, to be taken into account in the next tariff adjustment, but which is not recorded in the income statement in accordance with the International Financial Reporting Standards (IFRS). These regulatory assets totaled R$119.3 million in 2Q13, versus R$75.7 million in 2Q12. The average purchased energy cost, excluding spot market purchases, amounted to R$134.9/MWh in 2Q13, 7.1% up on the R$126.0/MWh recorded in 2Q12. Manageable Costs and Expenses In 2Q13, manageable operating costs and expenses, comprising personnel, material, outsourced services, provisions, depreciation and others, totaled R$358.4 million, 11.1% up on 2Q12. Costs and expenses from personnel, materials, outsourced services and others (PMSO) totaled R$202.3 million, 19.0% up on 2Q12, chiefly due to the R$19.4 increase in outsourced services and the R$9.4 million upturn in the others line.

20

The 21.7% growth in outsourced services was due to higher costs with: (i) emergency services, due to heavy rainfall in May (R$5.6 million); (ii) tree pruning to improve quality (R$4.9 million); and (iii) the non-recurring impact of call center services (R$3.4 million). The 62.0% increase in the others line was due to software maintenance and improvements (R$8.3 million). The provisions line totaled R$66.6 million, 20.7% down on 2Q12, mainly driven by the R$23.8 million reduction in provisions for past due accounts (PCLD), which came to R$48.4 million in 2Q13, versus R$72.2 million in 2Q12. This result reflects the default-combating initiatives, in addition to the change in the criterion for treating clients with long-term default as of March 2012. The depreciation and amortization line increased by 23.6%, due to the preparation of the remuneration base, thanks to the high volume of investments and intense use of assets.

Generation
Operating Costs and Expenses (R$ MN) Personnel Material and Outsourced Services Purchased Energy (CUSD) Depreciation Other Operacional/Revenues Expenses Others (includes provisions) Total 2Q13 (6.3) (5.2) (10.3) (13.7) 0.2 (7.8) (43.2) 2Q12 (5.4) (4.4) (6.9) (14.0) (0.0) (8.6) (39.4) Var.% 17.7% 18.0% 48.6% -2.0% -9.3% 9.8% 1H13 (11.6) (8.8) (17.9) (27.5) 0.2 (15.8) (81.4) 1H12 (10.6) (8.1) (11.4) (28.1) 1.9 (16.8) (73.0) Var.% 10.1% 8.6% 56.7% -2.0% -91.5% -6.2% 11.5%

In 2Q13, Light Energias costs and expenses amounted to R$43.2 million, an increase of 9.8% over 2Q12, due to the increase in the purchased energy line, in turn mostly due to the purchase of energy generated by the Paracambi SHP totaling R$3.7 million. Second-quarter costs and expenses were broken down as follows: personnel (14.7%), materials and outsourced services (12.0%), CUSD/CUST distribution/transmission system usage/Purchased Energy (23.8%), depreciation and others (49.5%). PMSO per MWh in the quarter came to R$16.1/MWh, versus R$15.3/MWh in 2Q12. In 1H13, Light Energias costs and expenses came to R$81.4 million, R$8.4 million more than the R$73.0 million reported in 2Q12, due to energy purchases from the Paracambi SHP totaling R$7.9 million.

21

Commercialization and Services

Operating Costs and Expenses (R$ MN) 2Q13 2Q12 Var. % 1H13 1H12 Var. %

Personnel (2.0) (1.5) 27.5% (3.9) (2.6) 50.6% Material and Outsourced Services (2.8) (6.8) -59.1% (2.8) (7.7) -63.7% Purchased Energy (159.3) (53.1) 199.9% (320.8) (95.6) 235.4% Depreciation (0.0) (0.1) -68.8% (0.1) (0.4) -80.5% Other Operacional/Revenues Expenses Others (includes provisions) (0.6) (0.6) -8.1% (1.0) (0.9) 10.7% Total (164.7) (62.3) 164.5% (328.6) (107.2) 206.4% Costs and expenses totaled R$164.7 million in 2Q13, 164.5% higher than in the second quarter of 2012, and R$328.6

milion in the first half, 206.4% more than the R$107.2 million recorded in 1H12. This increase was chiefly due to purchased energy costs, which increased by R$225.2 million year-on-year, due to the higher volume of energy purchased for commercialization.

3.3 EBITDA4 Consolidated

Consolidated EBITDA (R$ MN) Distribution Generation Commercialization Others and eliminations Total EBITDA Margin (%) 2Q13 2Q13 174.5 100.1 4.3 (1.0) 277.9 16.6% 2Q12 166.2 86.6 7.6 (5.4) 255.1 15.7% Var.% 5.0% 15.6% -43.8% -81.3% 8.9% 1H13 402.6 219.4 14.2 (3.2) 633.1 17.9% 1H12 521.8 164.2 11.4 (8.9) 688.5 20.3% Var.% -22.8% 33.6% 24.1% -64.4% -8.0% -

Consolidated EBITDA totaled R$277.9 million in 2Q13, 8.9% up on 2Q12, accompanied by an EBITDA margin5 of 16.6%, up by 90 bps, primarily due to the termination of energy generation contracts in the captive market, whose energy is now contracted in the free market at higher prices. As a result, the generation segment increased its period share of consolidated EBITDA from 33.3%, in 2Q12, to 35.9%, while the share of the distribution and commercialization segments fell from 63.8% to 62.6%
EBITDA per segment* 2Q13
Generation - 35.9% (EBITDA margin: 75.9%)

EBITDA per segment* 2Q12

Distribution - 62.6% (EBITDA margin: 11.7%) 4

Distribution - 63.8%

11.3%) EBITDA is calculated in accordance with CVM Instruction 527/2012 and (EBITDA refers to margin: net income + income and social contribution taxes + net financial expenses + depreciation and amortization. 5 Revenue from construction was not considered in the calculation of the consolidated and distribution EBITDA margins, due toGeneration the booking- 33.3% of revenues and costs with a zero margin. (EBITDA margin: 77.1%)
Commercialization - 1.5% (EBITDA margin: 2.5%)
*Does not consider eliminations

Commercialization - 2.9% (EBITDA margin: 10.9%)

*Does not consider eliminations

22

and from 2.9% to 1.5%, respectively. When adjusted for the CVA, i.e. regulatory assets and liabilities that are taken into account in the next cycle of distribution tariff adjustments, reflecting, therefore, potential gross cash generation, adjusted EBITDA came to R$397.2 million in 2Q13, 20.1% up year-on-year.
EBITDA and Adjusted EBITDA 2Q12/2Q13- R$ Millions
20.1% 8.9%

76 331

43

(33)

(6)

17

0,2 278 278

119 397

255

Adjusted EBITDA 2Q12

Regulatory Assets and Liabilities

EBITDA 2Q12

Net Revenue

NonManagable Costs

Managable Other Provisions Costs Operacional (PMSO) Revenues

Equity Pikup

EBITDA 2Q13

Regulatory Assets and Liabilities

Adjusted EBITDA 2Q13

First-half EBITDA totaled R$633.1 million, 8.0% down on 2Q12, with an EBITDA margin of 17.9%. Including the CVA, EBITDA came to R$853.5 million, 12.0% up year-on-year.
EBITDA and Adjusted EBITDA 1H12/1H13- R$ Millions

12.0% -8.0%

74

143

(191)

(52)

220 (13) 59 (1) 854 633 633

762

689

Other Operacional /Revenues

Net Revenue

EBITDA 1H12

Equity Pickup

Adjusted EBITDA 1H12

EBITDA 1H13

Regulatory Assets and Liabilities

NonManageable Costs

Manageable Costs (PMSO)

Regulatory Assets and Liabilities

Provisions

23

Adjusted EBITDA 1H13

Distribution
The distribution companys EBITDA totaled R$174.5 million in 2Q13, 5.0% up on 2Q12. This result was chiefly due to higher revenue as a result of the 2.5% expansion of the market. This result already takes into account the impact of Decree 7,945/13 with the booking of the transfer of funds from the CDE to reduce costs in the amount of R$55.8 million. The EBITDA margin6 stood at 11.7%, 40 bps up year-on-year. Part of the purchased energy cost upturn comprises regulatory assets and liabilities (CVA), which are taken into account for tariff readjustment purposes. When adjusted for the CVA, distribution EBITDA came to R$293.8 million, 21.4% more than in 2Q12. In the first half, the distribution company posted EBITDA of R$402.6 million, 22.8% down on 1H12, impacted by the upturn in purchased energy costs. Including the CVA, adjusted 1H13 EBITDA came to R$623.1 million, a 4.6% year-onyear improvement. The EBITDA margin was 12.7%, 410 bps down on 1H12.

Generation
Light Energia recorded 2Q13 EBITDA of R$100.1 million, 15.6% up on 2Q12, due to the repricing of energy sales contracts, which increased the volume of energy sold on the free market (ACL), where contract prices are higher than on the captive market (ACR). The EBITDA margin stood at 75.9%, 130 bps down on 2Q12. In 1H13, EBITDA from generation amounted to R$219.4 million, up 33.6% on 1H12 for EBITDA margin of 79.1%, 40 bps up on 1H12.

Commercialization and Services

EBITDA from commercialization and services totaled R$4.3 million in 2Q13, 43.8% less than in 2Q12, chiefly due to reduced revenue from services, given the lower level of activity in this segment. The EBITDA margin came to 2.5%, 840 bps down on 2Q12. EBITDA in the first six months totaled R$14.2 million, 24.1% up on 1H12, with an EBITDA margin of 4.1%, down by 560 bps.

Revenue from construction was not considered in the calculation of the consolidated and distribution EBITDA margins, due to the booking of revenues and costs with a zero margin.

24

3.4 Consolidated Financial Result

Financial Result (R$ MN) Financial Revenues Income from financial investments Monetary and Exchange variation Swap Operations Moratory Increase / Debts Penalty Others Financial Revenues Despesas Financeiras Debt Expenses Monetary and Exchange variation Restatement of provision for contingencies Restatement of R&D/PEE/FNDCT Interest and fines on taxes Installment payment - fines and interest rates Law 11.941/09 (REFIS) Present value adjustment DIC/FIC Compensation Other Financial Expenses (Includes IOF) Braslight (private pension fund) Charges Monetary and Exchange Variation Total 2Q13 130.9 12.2 76.9 24.0 17.8 (226.4) (89.9) (71.7) (6.3) (4.9) (5.4) (2.8) 0.6 (12.5) (3.0) (30.5) (15.6) (14.8) (95.5) 2Q12 63.5 10.1 0.5 19.5 23.5 9.9 (184.6) (85.2) (20.3) (4.7) (1.8) (0.5) (4.0) (30.0) (9.9) 0.2 (28.5) (15.6) (12.9) (121.1) Var. % 106.3% 20.5% 294.8% 2.2% 80.2% 22.7% 5.6% 253.6% 33.8% 178.6% 929.8% -28.9% 27.1% 6.7% 0.0% 14.9% -21.1% 1H13 147.0 15.5 54.5 45.2 31.8 (381.3) (162.4) (62.9) (25.3) (6.0) (7.2) (5.5) 0.9 (37.6) (5.6) (69.9) (31.2) (38.6) (234.3) 1H12 93.7 23.5 2.2 17.6 42.1 8.2 (344.4) (179.9) (16.0) (17.5) (4.0) (0.7) (6.9) (29.1) (25.8) (4.4) (60.2) (31.3) (28.9) (250.7) Var. % 56.9% -34.2% 209.5% 7.3% 287.3% 10.7% -9.8% 294.3% 44.6% 50.6% 885.5% -20.3% 45.9% 28.4% 16.0% -0.2% 33.6% -6.5%

The 2Q13 financial result was a negative R$95.5 million, a 21.1% improvement over the negative R$121.1 million posted in 2Q12. Financial revenue totaled R$130.9 million, 106.3% up year-on-year, mainly due to the net swap result, partially offset by the financial expenses with the monetary and exchange variation. Further upward pressure came from the other financial revenue line, whose main effect was the updating of the distribution asset base in line with the new repositioning vale, totaling R$6.7 million, and the adjustment of escrow deposits in the amount of R$6.9 million. Financial expenses came to R$226.4 million, 22.7% up on 2Q12, chiefly due to the increase in the monetary and currency variation as a result of the depreciation of the Real against the dollar, although this was totally offset by the swap result, and the adjustment to present value in the amount of R$31.0 million in 2Q12, from the prepayment of a clients debt with Light. The first-half financial result was a negative R$234.3 million, 6.5% less than the negative result in 1H12.

25

3.5 Debt
R$ MN Brazilian Currency Light SESA Debenture 4th Issue Debenture 5th Issue Debenture 7th Issue Debenture 8th Issue Debenture 9th Issue - series A Debenture 9th Issue - series B Eletrobrs CCB Bradesco Working Capital - Santander BNDES (CAPEX) BNDES FINEM Banco do Brasil Others Light Energia Debenture 1st Issue Debenture 2st Issue Debenture 3st Issue BNDES (CAPEX) BNDES FINEM Others Light ESCO BNDES - PROESCO Foreing Currency Light SESA National Treasury Merril Lynch BNP Citibank Bank Tokyo Light Energia Citibank Gross Debt Cash Net Debt (a) Braslight Debt (b) Adjusted Net Debt (a+b) Short Term 582.7 550.1 0.0 159.6 8.9 2.9 0.5 95.2 5.5 120.9 149.9 4.0 2.7 29.0 3.3 12.6 0.2 7.0 5.8 0.0 3.5 3.5 17.0 16.2 8.9 5.9 0.8 0.5 0.1 0.8 0.8 599.6 % 9.5% 9.0% 0.0% 2.6% 0.1% 0.0% 0.0% 1.6% 0.1% 2.0% 2.5% 0.1% 0.0% 0.5% 0.1% 0.2% 0.0% 0.1% 0.1% 0.0% 0.1% 0.1% 0.3% 0.3% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 9.8% Long Term 4,734.0 4,064.0 0.0 648.9 469.6 1,000.0 600.0 6.3 300.0 80.0 565.3 243.9 150.0 662.2 171.3 423.5 29.9 26.1 11.4 7.8 7.8 767.6 590.4 30.6 105.2 100.1 221.6 132.9 177.2 177.2 5,501.7 % 77.6% 66.6% 0.0% 10.6% 7.7% 16.4% 9.8% 0.1% 4.9% 1.3% 9.3% 4.0% 2.5% 10.9% 2.8% 6.9% 0.5% 0.4% 0.2% 0.0% 0.1% 0.1% 12.6% 9.7% 0.5% 1.7% 1.6% 3.6% 2.2% 2.9% 2.9% 90.2% Total 5,316.7 4,614.1 0.0 159.6 657.8 472.5 1,000.0 600.0 6.8 395.2 85.5 686.2 393.8 154.0 2.7 691.2 174.7 436.1 30.0 33.2 17.2 0.0 11.4 11.4 784.6 606.5 39.5 111.1 100.8 222.0 133.1 178.1 178.1 6,101.3 2,045.2 4,056.1 1,066.6 5,122.7 % 87.1% 75.6% 0.0% 2.6% 10.8% 7.7% 16.4% 9.8% 0.1% 6.5% 1.4% 11.2% 6.5% 2.5% 0.0% 11.3% 2.9% 7.1% 0.5% 0.5% 0.3% 0.0% 0.2% 0.2% 12.9% 9.9% 0.6% 1.8% 1.7% 3.6% 2.2% 2.9% 2.9% 100.0%

117.3

949.3

The Company closed 2Q13 with gross debt of R$6,101.3 million, 44.0% more than at the end of 1Q13 and 52.6%, or R$2.3 billion, up year-on-year, due to period funding: (i) Light SESAs 8th debenture issue, totaling R$472 million, with

26

the FI-FGTS (August 2012); (ii) Light Energias 3rd debenture issue, totaling R$30 million, with the FI-FGTS (September 2012), (iii) the disbursement of R$490 million from the BNDES to Light SESA in 2012; (iv) foreign-currency loans of R$202 million and R$162 million from Citibank for Light SESA and Light Energia, both of which hedged by a Real swap transaction (August and September 2012); (v) the disbursement of R$150 million from Banco do Brasil to Light SESA (February 2013); (vi) a foreign-currency loan of R$121 million from Banco Tokyo-Mitsubishi to Light SESA, hedged by a Real swap transaction (March 2013); (vii) the disbursement of R$56 million from the BNDES to to Light SESA (May 2013); and (viii) Light SESAs 9th debenture

Debtedness (Brazilian Currency x Foreing Currency)

6.4% 16.1%

12.9%

93.6% 83.9%

87.1%

Jun-12

Mar-13

Jun-13 Foreign Currency

Brazilian Currency *0.4% without hedge

issue, totaling R$1.6 billion, with Banco do Brasil (June 2013), divided into two series, the first comprising of R$1.0 billion at the CDI interbank rate plus +1.15% and the second, of R$600 million, at the variation in the IPCA consumer price index plus 5.74%. The funds were used for investments, working capital and the prepayment of R$500 million in Commercial Notes issued in May 2013 and R$375 million in more expensive debt, including R$160 million from the 5th debenture issue, at a cost of the CDI plus 1.5%. The Net debt/EBITDA ratio fell from 2.73x in March 2013 to 2.62x in June 2013, reflecting the impact of the non-consolidation of debt from jointly-owned subsidiaries. As a result, the Company is still respecting its net debt/EBITDA covenant limit of 3.0x. The Company also has a covenant for the EBITDA/interest expense ratio, which should be higher than 2.5x. The result for this indicator in June was 4.83x. It is worth noting that non-compliance with the covenant only occurs if the limits determined by the indicators are not respected for two consecutive or four alternate
1006.5

Covenants Multiple R$ MN
+ + = Gross Debt Swap Pension Fund Cash Net Debt for covenants (a) EBITDA (12 months) Provision Other Operational Revenues/Expenses Regulatory Assets and Liabilities (CVA) Financial CVA EBITDA for covenants (b)

13-Jun 13-Mar
6,101.3 (97.5) 1,066.6 2,045.2 5,025.2 1,402.5 416.2 363.0 477.2 14.0 1,918.9 2.62

2012

4,471.8 4,666.0 (12.7) (29.4) 1,065.4 1,054.7 440.3 392.9 5,084.1 5,298.4 1,379.2 1,456.2 433.6 475.2 368.6 375.6 433.6 330.4 14.0 14.0 1,863.9 1,872.2 2.73 2.83

+ + =

Net Debt / EBITDA (a/b)

Amortization (R$ MN)

quarters.
663.3

771.9

799.2 665.1 437.4 441.7 441.6 191.6 347.1

The Companys debt has an average

266.0

term to maturity of 4.2 years, 50 bps below the average term for 1Q13. The
2013 2014 2015 2016 2017 2018 2019 2020 2021

2022

average cost of Real-denominated

After 2022

27

debt was 8.8% p.a., 110 bps up on the end-of-March figure, while the average cost of the foreign-currency debt (2.4% p.a.) was 30 bps up on the average cost in 1Q13. In June, 12.9% of total debt was denominated in foreign currency and, considering the FX hedge horizon, only 0.4% of this total was exposed to foreign currency risk, in line with the previous quarter. Lights hedge policy consists of protecting cash flow falling due within the next 24 months (principal and interest) through the use of non-cash swap instruments with premier financial institutions.

3.6 Net Income

Light posted net income of R$58.2 million in 2Q13, 46.2% up on the R$39.8 million reported in 2Q12, mainly due to the reduction in the financial expense and the operating performance of the distribution and generation segments.Adjusting for the portion of the upturn in purchased energy costs to be passed on in the next tariff adjustment through the creation of regulatory assets and liabilities (CVA) not recorded in the Income Statement, adjusted net income came to R$136.9 million, 52.5% up on 2Q12.
Net Income and Adjusted Net Income 2Q12/2Q13 - R$ Million
52.5% 46.2%

50 90 40 23

26

(14) (16) 58

79 137

Adjusted NI 2Q12

Regulatory Assets and Liabilities

2Q12

EBITDA

Financial Result

Taxes

Others

2Q13

Regulatory Adjusted NI Assets and 2Q13 Liabilities

First-half net income amounted to R$136.9 million, 23.90% down on 1H12. Including the CVA, adjusted 1H13 net income stood at R$282.3 million, up by 23.6% higher than in 1H12.

28

Net Income and Adjusted Net Income 1H12/1H13 - R$ Million

23.6% -23.9%

49 (55) 228 180 16 16 (20) 137

145 282

Adjusted NI Regulatory 1H12 Assets and Liabilities

1H12

EBITDA

Financial Result

Taxes

Others

1H13

Regulatory Adjusted NI Assets and 1H13 Liabilities

3.7 Investments
CAPEX (R$MN) Distribution Network reinforcement and expansion Losses Others Administration Commercial./ Energy Efficiency Generation Total 1H13 272.8 175.0 92.6 5.2 13.7 33.1 7.1 326.7 Partic. % 83.5% 64.2% 33.9% 1.9% 4.2% 10.1% 2.2% 100.0% 1H12 302.3 151.1 106.6 44.7 14.8 2.7 8.5 328.4 Partic. % 92.1% 50.0% 35.3% 14.8% 4.5% 0.8% 2.6% 100.0% Var % -9.8% 15.8% -13.1% -88.3% -7.6% 1137.4% -16.6% -0.5%

Light invested R$326.7 million in 1H13, in line with the 1H12 figure. The distribution segment absorbed 83.5%of the total, R$272.8 million, 9.8% down on 2H12. Of this total: (i) R$175.0 million went to the development of distribution and expansion networks to keep pace with market growth, strengthen the network and improve quality; and (ii) R$92.6 million went to the energy loss project (network protection, electronic meters and fraud regularization). Investments in the underground network are recorded under distribution network and quality improvement investments. Commercialization and energy efficiency Investments increased from R$2.7 million in 2Q12 to R$33.1 million in 2Q13, due to the co-generation project with a major beverage company.

29

Generation Capacity Expansion Projects

One of the pillars of Lights Strategic Plan is to increase the share of energy generation in its results. With this in mind, the Company has announced several projects to boost installed generating capacity, which now totals 942 MW. With the incorporation of the scheduled expansion projects, the position on June 30, 2Q13 was as follows:

Current Generation Park Existing Power Plants Installed Capacity (MW)* 132 380 100 187 56 74 13 942 Assured Energy (MW)* 104 335 51 115 32 (87) 40 10 600 Operation Start 1942 1953 1962 1924 1999 2008 2012 Act Date Concession / Authorization Expiration Date 2026 2026 2026 2026 2026 2033 2031

Fontes Nova Nilo Peanha Pereira Passos Ilha dos Pombos Santa Branca Elevatrias Renova SHPP Paracambi Total

jul-96 jul-96 jul-96 jul-96 jul-96 dec-03 feb-01

Generation Capacity Expansion Projects New Projects Installed Capacity (MW)* Assured Energy (MW)* 8 42 114 13 4 3 3 3 41 18 23 N/D 0 218 Operation Start 2015 1Q15 feb-15 dec-13 jan-14 feb-14 oct-13 sep-13 mar-14 jan-17 2015/2016 Concession / Authorization Expiration Date 2031 2036 2045 2032 2032 2032 2031 2046 2047 N/a N/a

SHPP Lajes HTT Itaocara Belo Monte Guanhes Dores de Guanhes Senhora do Prto Jacar Fortuna II Renova LER 2010

9 77 280 22 7 6 5 5 175 36 47 A-3 2011 5 A-5 2012 PPA 88 Total 564 *Light's proportional Participation 51% Light 21,99% Light 2,49% Light

30

The second quarter of 2013 was marked by the following events related to projects for expanding Lights generating capacity:

Lajes SHP

The basic project has already been approved by ANEEL. In June 2013, ANEEL altered the public service exploration regime to independent energy producer. As a result, the SHP obtained a 50% reduction in TUSD and TUST fees. Once the construction company is defined (expected in 2Q14), it will be possible to begin the works, with start-up scheduled for 2015, given that the project has already been granted an installation license. The 17 MW turbine will be installed in the old powerhouse of the Fontes Velha power plant. In addition to increasing generating capacity, the project also brings certain other benefits, such as increasing operational flexibility, upgrading supply of the CEDAE water main, controlling the Pira Rivers water level, and improving the quality of the water in the Lajes Reservoir.
Itaocara
The Itaocara Hydroelectric concession dates from February 2001, and currently belongs to a consortium comprising Itaocara Energia S.A. (51%) and Cemig Gerao e Transmisso S.A. (49%). Initially planned to generate 195 MW, the project was reviewed by the consortium following a request by Ibama, in order to minimize its environmental impact. As a result, the plant was split into two: the 145MW Itaocara I and the 50MW Itaocara II. After this division, the granting power only authorized the concession of Itaocara I to the consortium. On July 29, 2013, the Company obtained an installation license for the project. On 08/08/2013, the Companys Board of Directors approved, at meeting held today, the request of its subsidiary Itaocara Energia Ltda., which holds 51% of UHE Itaocara Consortium, to terminate the Concession Agreement 12/2001 before Aneel. The termination of the Concession Agreement will not result in any charge to Itaocara Energia, since it is entitled to the rights set forth in Article 4 - A of Law 9074/2005, introduced by Law 12839/2013, as to: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the nonpayment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans.

Renova Energia (Renova)

Alto Serto II - LER 2010 and A-3 2011

The 2010 LER and 2011 A-3 wind farms make up the Alto Serto II wind farm complex, with 386.1MW of installed capacity, which is located in Bahia, in the same region where the Companys Alto Serto I wind farm complex is located. In January 2013, the Company began to assemble and install the LER 2010 wind turbines. The ongoing works at LER 2010 include construction and electromechanical works and turbine delivery and assembly. Of the total of 100 foundations, 80 have already been laid and 53 of the 100 turbines have already been delivered, 39 are already fully assembled. The medium-voltage networks, substations and 230kV transmission lines are also being installed. The ongoing works at A-3 2011 refer to construction works. Of the total of 130 foundations, 41 have already been laid.

31

 Solar Power Plant:

In July 2013, Renova concluded the installation of a 13.3 kWp solar energy project in a private residence in Rio de Janeiro, and is awaiting connection authorization from the distributor.

Commercialization of a 15.0 average-MW contract in the free market.

In April 2013, Renova sold 15.0 average-MW of energy in the free market to be generated as of April 2015. The wind farms that will supply the energy will be installed in the same region as Alto Serto I, in the interior of Bahia. As a result, the companys contracted installed capacity totaled 1,290.4 MW, 41.8 MW of which from SHPs and 1,248.6 MW from wind farms. Renova is the leader of Brazils wind energy market.

32

4. Cash Flow
R$ MN Cash in the Beginning of the Period (1) Net Income Social Contributions & Income Tax Net Income before Social Contributions & Income Tax Provision for Delinquency Depreciation and Amortization Loss (gain) on intangible sales / Residual value of disposals fixed asset Losses (gains) on financing exchange activities Net Interests and Monetary Variations Braslight Atualization / provisions reversal Equity Pikup Financial Assets of the Concession Others Earning Before Taxes - Cash Basis Working Capital Contingencies Deferred Taxes Braslight Others Taxes Paid Interest Paid Cash from Operating Activities (2) Finance Obtained Dividends Loans and financing payments Financing Activities (3) Disposal of Assets/Intangible Fixed Assets/Intangible/Financial Assets Inflow/Acquisitions on Investment Investment Activities (4) Cash in the End of the Period (1+2+3+4) Cash Generation (2+3+4) 2Q13 435.9 58.2 26.6 84.8 48.4 97.7 7.0 72.3 86.4 30.5 21.0 0.5 (6.7) (76.9) 365.0 114.1 (22.2) 36.5 (29.1) (25.2) (13.3) (98.0) 327.8 2,158.4 (74.8) (595.6) 1,488.0 (186.0) (28.3) (214.4) 2,037.3 1,601.4 2Q12 583.7 39.8 12.2 52.0 72.2 82.1 0.7 20.3 116.4 28.5 16.4 0.6 (19.5) 369.8 134.4 (19.9) (49.5) (27.7) (13.3) (7.0) (95.0) 291.7 (73.7) (87.2) (161.0) 0.7 (242.0) (241.3) 473.1 (110.6) 1H13 230.4 136.9 69.8 206.7 77.4 192.1 8.9 62.9 171.8 69.9 55.8 1.1 (13.1) (54.5) 779.1 197.0 (37.8) (8.1) (57.8) (114.1) (80.4) (147.3) 530.5 2,433.5 (74.8) (658.1) 1,700.6 (372.6) (51.6) (424.2) 2,037.3 1,807.0 1H12 652.5 179.8 85.9 265.7 133.9 172.1 2.2 15.9 216.5 60.2 53.0 (0.2) (17.6) 901.7 (81.4) (38.2) (88.5) (89.5) (33.0) (60.4) (148.7) 362.0 (73.7) (172.1) (245.8) 1.7 (297.4) (295.7) 473.1 (179.4)

The Company closed 2Q13 with a cash position of R$2,037.3 million. Cash generation totaled R$1,601.4 million, versus a negative R$110.6 million in 2Q12, mainly due to: (i) the R$1,648.9 million variation in cash from financing activities, due to higher funding; (ii) the 18.8% upturn in cash from operating activities, chiefly due to the taxes line as a result of ICMS credits receivable.

33

5. Corporate Governance
On June 30, 2013, the capital stock of Light S.A. comprised 203,934,060 common shares, 97,629,463 of which outstanding. The following chart shows Lights current shareholding structure:

BTG PACTUAL

14.29% 2.74% 28.57% 5.50% 28.57% 5.50% 75% 19.23% 25% 6.41%

SANTANDER

FIP REDENTOR

CEMIG

VOTORANTIM

BANCO DO BRASIL

28.57% 5.50%

PARATI
25.64%*

MINORITY
3.19% 0.42% 96.81% 100%

REDENTOR ENERGIA
100% 13.03%

FOREIGN
57.38%

NATIONAL
42.62%

CEMIG
26.06%

RME
13.03%
Controller Group 52,1%

LEPSA
13.03%

BNDESPAR
13.46%

MARKET
34.41%
Free Float 47,9%

Light S.A. (Holding)

Stake in blue: indirect interest in Light

*12.61% (RME) + 13.03%(LEPSA)

34

6. Capital Market
Lights shares have been listed in the BM&FBovespas Novo Mercado trading segment since July 2005, therefore adhering to the best corporate governance practices and the principles of transparency and equity, in addition to granting special rights to minority shareholders. Light S.A.s shares are included in the following indices: Ibovespa, IGC (Corporate Governance Index), IEE (Electric Power Index), IBrX (Brazil Index), ISE (Corporate Sustainability Index), ITAG (Special Tag Along Stock Index) and IDIV (Dividend Index). They are also traded on the U.S. over-the-counter (OTC) market as Level 1ADRs, under the ticker LGSXY. At the end of June, Light S.A.s shares (LIGT3) were priced at R$15.55 (adjusted for shareholder payments). The Companys market cap (no. of shares x share price) closed the quarter at R$3,171 million.

BM&F BOVESPA (spot market) - LIGT3 Daily Average Number of shares traded (Thousand) Number of Transactions Traded Volume (R$ Million) Quotation per shares: (Closing)* Share Valuing (Quarter) IEE Valuing (Quarter) Ibovespa Valuing (Quarter)
*Ajusted by earnings.

2Q13 1,156.7 3,935 20.7 R$ 15.55 -20.4% -8.4% -15.8%

2Q12 643.8 2,621 15.8 R$ 22.93 -0.8% 0.4% -15.7%

1H13

1H12

1,004.3 727.1 3,409 2,554 18.9 19.1 R$ 15.55 R$ 22.93 -28.7% -10.6% -11.7% 8.6% 7.4% -4.2%

The charts below give a breakdown of the Companys free float in June 2013.

Free Float Composition*

Individual 18.4%

Foreigners
Europe 22.7% Asia 6.4% USA 60.5%

Foreign 57.4%

National Legal Entities 24.2%

America (w/out USA) 9.0% Oceania 1.4%

* Excluding BNDESPAR's interest

35

The chart below shows the performance of Lights stock between January 2, 2012 and August 12, 2013.

140 130 120 110 100 90 80 70 60 50

2012 IBOV IEE LIGT3 7.4% -11.7% -15.0%

Light x Ibovespa x IEE Base jan/12 = 100 until 08/12/2013

IBOV IEE LIGT3

2013 -17.5% -9.3% -19.0%

-11.4% Ibovespa -19.9% IEE R$ per share 12/28/12 22.32 08/12/13 17.66
May/12 May/13 Nov/12 Sep/12 Feb/12 Dec/11 Dec/12 Feb/13 Jan/12 Jun/12 Jan/13 Mar/12 Mar/13 Jun/13 Jul/12 Aug/12 Jul/13 Aug/13 Apr/12 Oct/12 Apr/13

-31.2% Light

Dividends
Lights dividend payment policy establishes a minimum payout equivalent to 50% of adjusted net income, calculated in compliance with article 189 of Brazilian Corporate Law and pursuant to Brazilian accounting practices and the regulations of the Brazilian Securities and Exchange Commission (CVM). On April 26, 2013, the Annual Shareholders Meeting approved the proposal to distribute dividends in the amount of R$91,770,327.00, or R$0.45 per share, based on the profit reserve recorded in the balance sheet of December 31, 2012. This amount, together with those already approved this year, represents a payout equivalent to 86.5% of adjusted annual net income and, together with payments effected during 2012, resulted in a dividend yield of 7.8% in the year.
Dividends paid, dividend yield and Payout

100%

100% 76.3% 81.0%

100.0%

97.2%

50%

2007

2008 Payout

2009

2010

2011

2012

Minimum Dividend Policy

36

8.2% 4.2%

9.9% 1.7%

8.1%

8.1%

6.1% 3.4% 3.3%

5.4% 2.4%

351 203

408 187

432 363 351 87 118 182

87

170 92

1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 1H13
Dividends Interest on Equity Dividend Yeld*

*Based on the closing price the day before the announcement.

7. Recent Events
On July 22, 2013, the Company fully amortized Light SESAs 5th Debenture Issue in the approximate amount of R$160 million. The funds used in the amortization were raised by Light SESA through its 9th Debenture Issue held on June 28, 2013.

On August 01, 2013, Moodys published its reports on Light SESA, Light Energia and Light S.A., maintaining their investment-grade status, with domestic and international scale ratings of Aa2.br and Ba1, respectively, both of which with a stable outlook.

On 08/08/2013, the Companys Board of Directors approved, at meeting held today, the request of its subsidiary Itaocara Energia Ltda., which holds 51% of UHE Itaocara Consortium, to terminate the Concession Agreement 12/2001 before Aneel. The termination of the Concession Agreement will not result in any charge to Itaocara Energia, since it is entitled to the rights set forth in Article 4 - A of Law 9074/2005, introduced by Law 12839/2013, as to: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the non-payment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans.

37

On 08/08/2013, the Companys wholly-owned subsidiary LIGHT ENERGIA S.A. (Light Energia) approved the signature, of an investment agreement entered into with RR PARTICIPAES S.A. (RR), CEMIG GERAO E TRANSMISSO S.A., (Cemig GT), RENOVA ENERGIA S.A. (Renova) and CHIPLEY SP PARTICIPAES S.A., a specific purpose entity (Chipley and, jointly with Renova, RR, Light Energia, Cemig GT, Parties), whose objective is to regulate the entry of Cemig GT in Renovas controlling group, as well as to structure Chipley as a growth vehicle, with equity interest of Cemig GT and Renova, for which the Share Purchase Agreement of Brasil PCH S.A. (CCVA Brasil PCH), entered into between CEMIG GT and Petrleo Brasileiro S.A. Petrobras, on June 14, 2013, will be granted. To accomplish this objective, Renova will increase its capital stock (Capital Increases), with the assignment of the preemptive right in the subscription of new shares issued by Renova Light Energia and RR to Cemig GT and the signature of a new shareholders' agreement between RR, Light Energia and Cemig GT. The share issue price on December 31, 2012 will be R$16.2266 per share or R$48.68 per unit (one common share + two preferred shares), pursuant to Article 170, paragraph 1, I of the Brazilian Corporation Law. The portion of Renovas capital increase to be subscribed and paid-up by Cemig GT corresponds to R$1,414,732,915.53. The amounts will be adjusted by the CDI variation as of December 31, 2012. After the transaction, Light Energia will hold equity interest between 11.7% and 15.9% in Renovas total capital stock (which currently accounts for 21.99%) and between 14.2% and 20.7% common shares (which currently accounts for 32.3%), maintaining all its shares linked to the Controlling Block. Funds raised from the Capital Increase will be fully or partially used by Renova to acquire, through Chipley, Brasil PCH. This acquisition will correspond from 49% to 100% of the voting capital of Brasil PCH, a holding company held by Petrleo Brasileiro S.A. (Petrobrs), Eletroriver S.A. (Eletroriver), BSB Energtica S.A. (BSB) and Jobelpa S.A. (Jobelpa). Brasil PCH has the ownership of 13 small hydroelectric power plants located in the states of Minas Gerais, Rio de Janeiro, Esprito Santo and Gois, all of them operational, with total installed capacity of 291 MW and assured energy of 194 average-MW, contracted until 2028 and 2029, through Proinfa. Both the transaction and the Capital Increase are subject to a series of conditions precedent and trading conditions, among which the approval by the Brazilian Antitrust Authority and the National Electric Power Agency.

On August 06, 2013, in its board meeting, Aneel released the initial proposal, which is still preliminary, for the 3rd Cycle Tariff Revisions for Light SESA, which will continue to be discussed during the Public Hearing September 13, 2013.

38

8. Disclosure Program
Schedule Teleconference 08/14/2013, Wednesday, at 4:00 p.m. (Brazilian Time) and at 3:00 p.m. (NY Time), with simultaneous translation to English Access conditions: Webcast: link on site www.light.com.br/ri (portuguese and english) Conference Call - Dial number: Brazil: +55 (11) 2188 0155 EUA: +1 (866) 890-2584 Other countries: +1 (646) 843-6054 Access code: Light

Contact Luis Felipe Negreiros de S Gustavo Werneck Souza Carlos Cotrim Rodrigues Pereira Marcelle Henriques Pelajo

IR Team e-mail [email protected] [email protected] [email protected] [email protected]

Phone +55 21 2211-2814 +55 21 2211-2560 +55 21 2211-2828 +55 21 2211-7392

Forward-looking Statements
The information on the Companys operations and its Managements expectations regarding its future performance was not reviewed by independent auditors. Statements about future events are subject to risks and uncertainties. These statements are based on beliefs and assumptions of our Management, and on information currently available to the Company. Statements about future events include information about our intentions, beliefs or current expectations, as well as of the Company's Board of Directors and Officers. Exceptions related to statements and information about the future also include information about operating results, likely or presumed, as well as statements that are preceded by, followed by, or including words such as "believes", "might", "will", "continues", "expects", "estimates", "intends", "anticipates", or similar expressions. Statements and information about the future are not a guarantee of performance. They involve risks, uncertainties and assumptions because they refer to future events, thus depending on circumstances that might or might not occur. Future results and creation of value to shareholders might significantly differ from the ones expressed or suggested by forward-looking statements. Many of the factors that will determine these results and values are beyond LIGHT S.A.'s control or forecast capacity.

39

EXHIBIT I Income Statement per Company - R$ million

LIGHT SESA Net Operating Revenue Operating Expense Other Operating Revenuess/Expenses Operating Result EBITDA Financial Result Result before taxes and interest Net Income EBITDA Margin*
* Does not consider Construction Revenue

2Q13

2Q12

Var. % 1.6% 1.8% 567.2% -7.0% 5.0% -27.4% 1148.0% -

1H13

1H12

Var. % 2.7% 7.4% 219.2% -37.4% -22.8% -8.3% -73.5% -72.8% -

1,661.2 1,634.5 (1,564.9) (1,537.0) (5.7) (0.8) 90.7 97.5 174.5 166.2 (74.7) (102.9) 16.0 (6.2) 13.3 1.1 11.7% 11.3%

3,504.7 3,411.1 (3,253.6) (3,030.5) (12.9) (4.1) 238.2 380.5 402.6 521.8 (194.7) (212.3) 43.5 164.2 30.9 113.7 12.7% 16.8%

LIGHT ENERGIA Net Operating Revenue Operating Expense Other Operating Revenuess/Expenses Operating Result Equity Pickup EBITDA Financial Result Result before taxes and interest Net Income EBITDA Margin COMERCIALIZAO E SERVIOS Net Operating Revenue Operating Expense Other Operating Revenuess/Expenses Operating Result EBITDA Financial Result Result before taxes and interest Net Income EBITDA Margin

2Q13 132.0 (43.4) 0.2 88.7 (2.4) 100.1 (21.0) 65.4 42.8 75.9% 2Q13 170.4 (166.1) 4.2 4.3 (0.1) 4.2 3.0 2.5%

2Q12 112.3 (39.4) (0.0) 73.0 (0.3) 86.6 (19.6) 53.0 36.0 77.1% 2Q12 69.8 (62.3) 7.5 7.6 0.0 7.5 5.1 10.9%

Var. % 17.5% 10.2% 21.6% 577.9% 15.6% 7.3% 23.2% 19.0% Var. % 144.2% 166.8% -43.4% -43.8% -43.7% -41.3% -

1H13 277.3 (81.5) 0.2 195.9 (4.0) 219.4 (40.6) 151.4 98.9 79.1% 1H13 346.9 (332.8) 14.1 14.2 (0.1) 14.0 9.4 4.1%

1H12 208.5 (74.9) 1.9 135.5 0.6 164.2 (41.7) 94.5 63.4 78.7% 1H12 118.2 (107.2) 11.0 11.4 0.1 11.1 7.4 9.7%

Var. % 33.0% 8.8% -91.5% 44.5% 33.6% -2.7% 60.3% 56.0% Var. % 193.3% 210.4% 27.9% 24.1% 26.8% 27.4% -

40

EXHIBIT II Consolidated Income Statement

Consolidated - R$ MN NET OPERATING REVENUE OPERATING EXPENSE Personnel Material Outsourced Services Purchased Energy Depreciation Provisions Construction Revenue Other Operating Revenuess/Expenses Others OPERATING RESULT EQUITY PICKUP EBITDA ( ) FINANCIAL RESULT Financial Income Financial Expenses RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & INCOME TAX DEFERRED INCOME TAX NET INCOME
1

2Q12 1,846.5 (1,665.7) (74.9) (3.1) (123.0) (1,080.6) (97.7) (66.6) (175.6) (6.5) (37.8) 180.8 (0.5) 277.9 (95.5) 124.3 (219.8) 84.8 (40.1) 13.5 58.2

2Q13 1,790.1 (1,616.4) (70.1) (4.9) (101.8) (1,081.9) (82.0) (84.0) (162.2) (0.8) (28.6) 173.7 (0.6) 255.1 (121.1) 63.5 (184.6) 52.0 (32.3) 20.1 39.8

Var. % 3.2% 3.1% 7.0% -37.1% 20.8% -0.1% 19.1% -20.7% 8.2% 670.6% 31.9% 4.1% -24.5% 8.9% -21.1% 95.8% 19.1% 63.0% 24.2% -32.8% 46.2%

1H13 3,864.8 (3,422.7) (156.3) (7.0) (219.5) (2,319.2) (192.1) (112.0) (332.8) (14.9) (68.9) 442.1 (1.1) 633.1 (234.3) 153.9 (388.2) 206.7 (76.0) 6.2 136.9

1H12 3,688.8 (3,172.6) (141.8) (8.8) (193.8) (2,128.4) (172.1) (171.0) (299.7) (2.1) (54.9) 516.2 0.2 688.5 (250.7) 93.7 (344.4) 265.7 (61.0) (24.8) 179.8

Var. % 4.8% 7.9% 10.2% -20.1% 13.2% 9.0% 11.6% -34.5% 11.1% 599.6% 25.4% -14.4% -8.0% -6.5% 64.3% 12.7% -22.2% 24.5% -23.9%

( ) EBITDA as of CVM Instruction 527/2012: Net Income + Social Contributions and Income Taxes + Net Financial Result + Depreciation/Amortization (*) The consolidated financial statements include the Light S.A. and its subsidiaries and affiliates. These financial statements were eliminated from equity consolidated companies, the balances of receivables and payables, revenues and expenses between the companies.

41

EXHIBIT III Consolidated Balance Sheet - R$ million

ASSETS Current Cash & Cash Equivalents Receivable Accounts Inventories Recoverable Taxes Prepaid Expenses Other Current Assets Non-current Receivable Accounts Deferred Taxes Prepaid Expenses Concession financial assets Others Non-current Assets Investiments Fixed Assets Intangible Total Assets LIABILITIES Current Suppliers Fiscal obligations Loans and Financing Debentures Others Obligations Provisions Dividends and interest on equity to be paid Non-current Loans and Financing Debentures Others Obligations Deferred Taxes Provisions Shareholders' Equity Realized Joint Stock Profit Reserves Additional Proposed Dividend Asset Valuation Adjustments Other comprehensive income Accumulated Profit/Loss of Exercise Total Liabilities 6/30/2013 3,790.5 2,045.2 1,133.7 33.5 205.4 14.8 357.8 9,216.1 269.8 833.3 1,725.4 355.5 614.3 1,647.0 3,770.8 13,006.6 6/30/2013 2,016.5 759.5 123.6 412.2 187.5 329.7 112.3 91.8 7,919.3 2,158.4 3,343.2 1,589.1 228.2 600.4 3,070.8 2,225.8 256.5 441.3 (172.0) 319.1 255.807 13,006.6 12/31/2012 2,167.2 245.6 1,441.6 30.3 203.7 2.0 244.0 0.0 8,980.3 289.6 830.2 1,573.3 346.2 557.4 1,635.3 3,748.6 0.0 11,147.4 12/31/2012 1,950.7 814.5 132.7 342.9 118.8 308.4 158.5 74.8 0.0 6,171.1 1,920.5 1,855.3 1,584.3 227.9 583.2 0.0 3,025.7 2,225.8 256.5 91.8 451.6 (172.0) 172.0 171.997 11,147.4
42

EXHIBIT IV Regulatory Assets and Liabilities

R$ Million TOTAL ASSET TOTAL LIABILITIES TOTAL DIFFERENCE Net difference (period) Net difference (accumulated)

Jun-13 Mar-13 653.0 -77.4 575.6 119.3 220.4 500.6 (44.3) 456.3 101.2 101.2

Dec-12 365.7 (10.6) 355.2 138.0 330.4

Sep-12 262.7 (45.6) 217.1 118.7 192.4

Jun-12 Mar-12 174.4 (76.0) 98.4 75.7 73.6 177.8 (155.1) 22.7 (2.1) (2.1)

Dec-11 185.3 (160.6) 24.8 32.1 87.2

Sep-11 151.2 (158.6) (7.4) 114.9 55.0

Jun-11 Mar-11 134.3 (256.6) (122.2) 5.6 (59.8) 149.8 (277.7) (127.8) (65.4) (65.4)

43

EXHIBIT V
Light has ceased to consolidate the results of its jointly-owned subsidiaries in its financial statements since January 1st, 2013, in accordance with accounting pronouncement CPC 19 and as approved by CVM Resolution 694/12. Pursuant to the new rule, these results should be regard as investments and recognized in accordance with the equity income method, replacing the pro-rata consolidation method adopted up to the end of 2012. As a result, the Company no longer consolidates the following jointly-held direct and indirect subsidiaries on a pro-rata basis: Renova Energia, Guanhes Energia, Lightger, Axxiom, Amaznia Energia, and E-Power. The change had no impact on the Companys net income, resulting only in alterations to individual accounts in the consolidated income statement as a counter-entry to the equity income account.

The consolidated financial information for 2Q13 is in accordance with the new accounting practice; however, for comparative purposes, the information for the second quarter of 2012 was duly adjusted to retrospectively reflect the change.

The adjustments to the Income Statement of Light S.A. are as follows:

Consolidated Income Statement - R$ MN NET OPERATING REVENUE OPERATING EXPENSE Other Operating Revenues/Expenses OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT Other Operating Revenues/Expenses RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & INCOME TAX DEFERRED INCOME TAX NET INCOME

Published 2Q12 1,797.9 (1,624.7) 173.2 173.2 (118.6) (0.9) 53.7 (33.9) 20.0 39.8

Adjustments (7.8) 9.1 (0.8) 0.4 (0.6) 81.9 (2.5) 0.9 (1.7) 1.7 0.1 0.0

Reclassified 2Q12 1,790.1 (1,615.6) (0.8) 173.7 (0.6) 255.1 (121.1) 52.0 (32.3) 20.1 39.8

44

Consolidated Income Statement - R$ MN NET OPERATING REVENUE OPERATING EXPENSE Other Operating Revenues/Expenses OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT Other Operating Revenues/Expenses RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & INCOME TAX DEFERRED INCOME TAX NET INCOME

Published 1H12 3,702.2 (3,185.3) 516.9 689.6 (246.6) (2.2) 268.1 (63.2) (25.0) 179.8

Adjustments (13.4) 14.8 (2.1) (0.7) 0.2 (1.1) (4.2) 2.2 (2.4) 2.2 0.2 -

Reclassified 1H12 3,688.8 (3,170.5) (2.1) 516.2 0.2 688.5 (250.7) 265.7 (61.0) (24.8) 179.8

45

EXHIBIT VI Complementary Information - proportional of interests

Consolidated Income Statement - R$ MN REPORTED 2 QUARTER - 2013 CONSOLIDATED NET REVENUE OPERATING EXPENSE OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & DIFERRED/INCOME TAX NET INCOME 1,846.5 (1,665.7) 180.8 (0.5) 277.9 (95.5) 84.8 (26.6) 58.2 RENOVA 22% 11.5 (8.2) 3.3 7.1 (4.2) -1.0 (0.4) (1.3) LIGHTGER 51% 3.6 (1.1) 2.5 2.5 (0.9) 1.6 (0.2) 1.4 EBL 33% 0.2 (0.1) 0.1 0.2 0.0 0.1 (0.0) 0.1 AXXIOM 51% 4.6 (4.5) 0.1 0.1 (0.1) 0.0 (0.2) (0.2) AMAZNIA ELIMINATION 26% (0.4) (0.4) (0.4) 0.5 0.5

TOTAL 1,866.4 -1,679.7 186.6 287.8 -101.1 85.6 -27.3 58.2

Consolidated Income Statement - R$ MN REPORTED CONSOLIDATED 1 HALF - 2013 NET REVENUE OPERATING EXPENSE OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & DIFERRED/INCOME TAX NET INCOME 3,864.8 (3,422.7) 442.1 (1.1) 633.1 (234.3) 206.7 (69.8) 136.9

RENOVA 22% 23.7 (16.2) 7.4 15.0 (8.3) (0.9) (1.0) (1.9)

LIGHTGER 51% 6.2 (2.3) 3.9 3.9 (1.5) 2.4 (0.3) 2.1

EBL 33% 0.3 (0.2) 0.1 0.2 0.0 0.1 (0.0) 0.1

AXXIOM 51% 7.7 (7.6) 0.1 0.3 (0.3) (0.2) (0.2) (0.4)

AMAZNIA ELIMINATION 26% (0.5) (0.5) (0.5) 0.6 0.6

TOTAL 3,902.7 (3,449.1) 453.6 (0.6) 652.5 (244.9) 208.1 (71.3) 136.9

46

LIGHT S.A. STATEMENT OF FINANCIAL POSITION JUNE 30, 2013 AND DECEMBER 31, 2012 (In thousands of Brazilian reais - R$)

Parent Company Note ASSETS Cash and cash equivalents Marketable securities Consumers, concessionaires, permissionaires and clients Inventories Taxes and contributions Income tax and social contribution Prepaid expenses Dividends and interest on equity receivable Receivables from services rendered Receivables from swap transactions Other receivables TOTAL CURRENT ASSETS Consumers, concessionaires, permissionaires and clients Taxes and contributions Deferred taxes Concessions' financial assets Escrow deposits Receivables from swap transactions Other receivables Investments Property, plant and equipment Intangible assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS 6 7 9 10 19 31 11 12 13 14 4 5 6 7 8 6/30/2013 12/31/2012

6/30/2013

Consolidated 12/31/2012 Restated 230,356 15,266 1,441,588 30,348 196,985 6,730 1,954 42,171 35,070 166,718 2,167,186 289,429 118,878 830,033 1,573,349 224,073 470 2,786 557,350 1,635,255 3,748,638 8,980,261 11,147,447

31 11

1,530 2,633 66 10,270 141 5,084 19,724 303 3,146,426 672 3,147,401 3,167,125

45,469 3,858 191 19,210 148 6,665 75,541 289 3,031,033 672 3,031,994 3,107,535

2,037,312 7,927 1,133,655 33,544 189,809 15,584 14,821 36,247 97,435 224,148 3,790,482 269,815 119,377 833,319 1,725,433 233,316 24 2,786 614,252 1,646,986 3,770,804 9,216,112 13,006,594

The notes are an integral part of the interim financial information.

47

LIGHT S.A. STATEMENT OF FINANCIAL POSITION JUNE 30, 2013 AND DECEMBER 31, 2012 (In thousands of Brazilian reais - R$)

Note LIABILITIES Trade payables Taxes and contributions Income tax and social contribution Loans, borrowings and financial charges Debentures and financial charges Payable swap transactions Dividends and interest on equity payable Estimated liabilities Regulatory charges Post-employment benefits Other payables TOTAL CURRENT LIABILITIES Loans, borrowings and financial charges Debentures and financial charges Payable swap transactions Taxes and contributions Deferred taxes Provisions Post-employment benefits Other payables TOTAL NON-CURRENT LIABILITIES EQUITY Capital stock Profit reserves Proposed additional dividends Equity valuation adjustments Other comprehensive income Retained earnings (accumulated losses) TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 16 17 31 7 9 19 21 22

6/30/2013

Parent Company 12/31/2012 Restated

6/30/2013

Consolidated 12/31/2012 Restated

15 7 8 16 17 31

18 21 22

96 75 2 91,770 521 13 2,835 95,312 142 901 1,043

458 1,640 2 74,792 392 11 3,514 80,809 142 901 1,043

759,509 80,488 43,105 412,166 187,478 91,770 50,950 61,394 118,706 210,963 2,016,529 2,158,403 3,343,247 191,337 228,158 600,410 1,264,104 133,636 7,919,295

814,469 82,353 50,353 342,949 118,793 1,597 74,792 46,826 111,716 116,107 190,733 1,950,688 1,920,482 1,855,261 4,532 195,751 227,905 583,152 1,254,631 129,362 6,171,076

24

2,225,822 256,535 441,267 (171,997) 319,143 3,070,770 3,167,125

2,225,822 256,535 91,770 451,556 (171,997) 171,997 3,025,683 3,107,535

2,225,822 256,535 441,267 (171,997) 319,143 3,070,770 13,006,594

2,225,822 256,535 91,770 451,556 (171,997) 171,997 3,025,683 11,147,447

The notes are an integral part of the interim financial information.

48

LIGHT S.A. INCOME STATEMENT FOR THE QUARTERS ENDED JUNE 30, 2013 AND 2012 (In thousands of Brazilian reais - R$) Parent Company Note 4/1/2013 to 6/30/2013 28 (2,600) (2,600) 60,558 57,958 30 254 255 (1) 1/1/2013 to 6/30/2013 (3,895) (3,895) 139,768 135,873 984 996 (12) 4/1/2012 to 6/30/2012 (3,607) (3,607) 42,158 38,551 1,221 1,249 (28) 1/1/2012 to 6/30/2012 (6,740) (6,740) 184,318 177,578 2,256 2,353 (97) 4/1/2013 to 6/30/2013 1,846,482 (1,462,038) (1,080,557) (46,750) (2,385) (55,920) (87,780) (175,561) (13,085) 384,444 (203,690) (77,785) (119,370) (6,535) (466) 180,288 (95,486) 130,937 (226,423) Consolidated 4/1/2012 to 6/30/2012 Restated 1,790,091 (1,414,245) (1,081,852) (44,430) (4,003) (43,505) (72,815) (162,222) (5,418) 375,846 (202,174) (100,042) (101,283) (849) (617) 173,055 (121,084) 63,669 (184,753)

1/1/2013 to 6/30/2013

1/1/2012 to 6/30/2012 Restated 3,688,816 (2,773,366) (2,128,393) (90,306) (7,188) (84,959) (152,370) (299,671) (10,479) 915,450 (399,228) (188,526) (208,576) (2,126) 211 516,433 (250,747) 93,780 (344,527)

NET REVENUE COST OF OPERATIONS Energy purchased for resale Personnel Material Outsourced services Depreciation and amortization Construction cost Others GROSS PROFIT OPERATING EXPENSES Selling expenses General and administrative expenses Other expenses EQUITY IN THE EARNINGS (LOSSES) OF SUBSIDIARIES EARNINGS BEFORE FINANCIAL RESULT AND TAXES FINANCIAL RESULT Revenues Expenses RESULT BEFORE INCOME TAX AND SOCIAL CONTRIBUTION Current income tax and social contribution Deferred income tax and social contribution NET INCOME FOR THE PERIOD Attributed to the controlling shareholders BASIC EARNINGS PER SHARE (R$ / Share) DILUTED EARNINGS PER SHARE (R$ / Share) The notes are an integral part of the interim financial information.

26 28

3,864,831 (3,050,963) (2,319,195) (97,890) (5,619) (99,266) (172,733) (332,849) (23,411) 813,868 (371,770) (132,156) (224,747) (14,867) (1,107) 440,991 (234,339) 146,975 (381,314)

58,212 9 9 58,212 58,212 25 25 0.285 0.285

136,857 136,857 136,857 0.671 0.671

39,772 39,772 39,772 0.195 0.195

179,834 179,834 179,834 0.882 0.882

84,802 (33,286) 6,696 58,212 58,212 0.285 0.285

206,652 (72,828) 3,033 136,857 136,857 0.671 0.671

51,971 (32,048) 19,849 39,772 39,772 0.195 0.195

265,686 (61,122) (24,730) 179,834 179,834 0.882 0.882

LIGHT S.A. STATEMENTS OF COMPREHENSIVE INCOME FOR THE QUARTERS ENDED JUNE 30, 2013 AND 2012 (In thousands of Brazilian reais - R$)

Parent Company 4/1/2013 to 6/30/2013 Net income for the period Other comprehensive results Gains (losses) on actuarial liabilities, net TOTAL COMPREHENSIVE RESULT Attributed to the controlling shareholders 58,212 58,212 58,212 1/1/2013 to 6/30/2013 136,857 136,857 136,857 4/1/2012 to 6/30/2012 39,772 39,772 39,772 1/1/2012 to 6/30/2012 179,834 179,834 179,834 4/1/2013 to 6/30/2013 58,212 58,212 58,212

Consolidated 1/1/2013 to 6/30/2013 136,857 136,857 136,857 4/1/2012 to 6/30/2012 39,772 39,772 39,772 1/1/2012 to 6/30/2012 179,834 179,834 179,834

The notes are an integral part of the interim financial information.

49

LIGHT S.A. STATEMENTS OF CHANGES IN EQUITY - PARENT COMPANY AND CONSOLIDATED FOR THE QUARTERS ENDED JUNE 30, 2013 AND 2012 (In thousands of Brazilian reais - R$)

PROFIT RESERVES CAPITAL STOCK 2,225,822 2,225,822 LEGAL RESERVE 197,007 197,007 PROFIT RETENTION 59,528 59,528 PROPOSED ADDITIONAL DIVIDENDS 91,770 (91,770) EQUITY VALUATION ADJUSTMENTS 451,556 (10,289) 441,267 RETAINED EARNINGS OTHER (ACCUMULATED COMPREHENSIVE LOSSES) INCOME 171,997 10,289 136,857 319,143 (171,997) (171,997) TOTAL

NOTE BALANCE ON DECEMBER 31, 2012 - Restated Realization of equity valuation adjustment Dividends resolved on at the Annual Shareholders' Meeting Net income for the period BALANCE ON JUNE 30, 2013

3,025,683 (91,770) 136,857 3,070,770

The notes are an integral part of the interim financial information.

LIGHT S.A. STATEMENTS OF CHANGES IN EQUITY - PARENT COMPANY AND CONSOLIDATED FOR THE QUARTERS ENDED JUNE 30, 2013 AND 2012 (In thousands of Brazilian reais - R$)

PROFIT RESERVES PROPOSED ADDITIONAL DIVIDENDS 181,501 (181,501) EQUITY VALUATION ADJUSTMENTS 472,356 (10,427) 461,929 RETAINED EARNINGS (ACCUMULATED LOSSES) (9,568) 10,427 179,834 180,693 OTHER COMPREHENSIVE INCOME (39,978) (39,978)

NOTE BALANCE ON DECEMBER 31, 2011- Restated Realization of equity valuation adjustment Dividends resolved on at the Annual Shareholders' Meeting Net income for the period BALANCE ON JUNE 30, 2012 - Restated

CAPITAL STOCK 2,225,822 2,225,822

LEGAL RESERVE 178,288 178,288

PROFIT RETENTION 163,407 163,407

TOTAL 3,171,828 (181,501) 179,834 3,170,161

The notes are an integral part of the interim financial information.

50

LIGHT S.A. CASH FLOW STATEMENTS FOR THE QUARTERS ENDED JUNE 30, 2013 AND 2012 (In thousands of Brazilian reais - R$) Parent Company 1/1/2013 to 6/30/2013 Net cash from operating activities Cash from operations Result before income tax and social contribution Allowance for doubtful accounts Depreciation and amortization Loss (gain) from the sale or write-off of intangible assets /property, plant and equipment Foreign exchange and monetary losses (gains) from financial activities Provisions for contingencies and escrow deposits /restatement Adjustment to present value and prepayment of receivables Expenses with interest on loans and debentures Charges and monetary variation of post-employment obligations Swap variation Equity in the earnings (losses) of subsidiaries Remuneration of the concession's financial assets (Increase)/Decrease in assets and liabilities Marketable securities Consumers, concessionaires and permissionaires Dividends and interest on equity received Taxes and contributions Inventories Receivables from services rendered Prepaid expenses Escrow deposits Other assets Trade payables Estimated liabilities Taxes and contributions Regulatory charges Provisions Post-employment benefits Other liabilities Interests paid Income tax and social contributions paid Net cash from investing activities Revenue from the sale of intangible asset Acquisition of property, plant and equipment Acquisition of intangible assets Investment acquisitions Financial investments Net cash used in financing activities Dividends and interest on equity paid New loans, financing and debentures Amortization of loans, borrowings and debentures Increase (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of period Cash and cash equivalents at the end of period 55,419 (2,911) 136,857 (139,768) 58,330 57,480 1,978 8 125 (14) 1,581 (362) 128 (1,565) (1,029) (24,566) (24,566) (74,792) (74,792) (43,939) 45,469 1,530 1/1/2012 to 6/30/2012 72,008 (4,484) 179,834 (184,318) 76,492 74,686 2,702 119 (51) 7,697 93 19 (8,826) 53 (17,486) (17,486) (74,397) (74,397) (19,875) 55,057 35,182 Consolidated 1/1/2012 to 6/30/2012 Restated 362,020 901,739 265,686 133,855 172,073 2,235 15,935 53,031 29,054 187,455 60,226 (17,600) (211) (539,719) (7,308) (22,756) 11,010 (1,828) (34,055) (11,308) (13,414) (3,223) (6,092) 1,947 (99,527) 3,809 (38,202) (89,490) (20,180) (148,713) (60,389) (295,655) 1,743 (29,336) (268,062) (245,798) (73,741) (172,057) (179,433) 652,492 473,059

1/1/2013 to 6/30/2013

530,526 779,069 206,652 77,446 192,095 8,905 62,892 55,840 (938) 172,780 69,856 (54,472) 1,107 (13,094) (248,543) (627) 251,039 (97,791) (3,196) 5,924 (12,867) (9,979) (120,456) (47,388) 4,122 89,700 (50,322) (37,846) (57,784) 66,619 (147,250) (80,441) (424,165) (49,442) (323,110) (59,579) 7,966 1,700,595 (74,792) 2,433,523 (658,136) 1,806,956 230,356 2,037,312

The notes are an integral part of the interim financial information.

51

LIGHT S.A. STATEMENTS OF VALUE ADDED FOR THE QUARTERS ENDED JUNE 30, 2013 AND 2012 (In thousands of Brazilian reais - R$) Parent Company 1/1/2013 to 6/30/2013 Revenues Sale of goods, products and services Revenue related to the construction of own assets Recording/reversal of allowance for doubtful accounts Inputs acquired from third parties Cost of products, goods and services sold Material, energy, outsourced services and other Gross value added Retentions Depreciation and amortization Net value added produced by the entity Value added received through transfer Equity in the earnings (losses) of subsidiaries Financial revenues Total value added to distribute Distribution of value added Personnel Direct remuneration Benefits Government Severance Fund for Employees (FGTS) Other Taxes, fees and contributions Federal State Municipal Value distributed to providers of capital Interest Rental Other Value distributed to shareholders Retained earnings The notes are an integral part of the interim financial information. (1,562) (1,562) (1,562) (1,562) 140,764 139,768 996 139,202 139,202 2,144 2,008 82 54 189 189 12 12 136,857 136,857 1/1/2012 to 6/30/2012 (4,743) (4,743) (4,743) (4,743) 186,671 184,318 2,353 181,928 181,928 1,887 1,793 52 42 122 122 85 85 179,834 179,834 Consolidated 1/1/2012 to 1/1/2013 to 6/30/2012 6/30/2013 Restated 5,324,308 5,479,034 5,068,905 332,849 (77,446) (2,904,917) (2,319,195) (585,722) 2,419,391 (192,095) (192,095) 2,227,296 145,868 (1,107) 146,975 2,373,164 2,373,164 158,265 118,246 26,233 11,229 2,557 1,648,252 478,665 1,165,295 4,292 429,790 387,182 30,636 11,972 136,857 136,857 5,313,218 299,671 (133,855) (2,654,196) (2,128,393) (525,803) 2,824,838 (172,073) (172,073) 2,652,765 93,991 211 93,780 2,746,756 2,746,756 147,005 115,195 21,195 7,745 2,870 2,042,309 823,715 1,214,049 4,545 377,608 344,711 21,512 11,385 179,834 179,834

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TABLE OF CONTENTS 1. OPERATIONS 2. GROUPS ENTITIES 3. APPROVAL AND SUMMARY OF THE MAIN ACCOUNTING PRACTICES ADOPTED IN THE PREPARATION OF THE INTERIM FINANCIAL INFORMATION 4. CASH AND CASH EQUIVALENTS 5. MARKETABLE SECURITIES 6. CONSUMERS, CONCESSIONAIRES, PERMISSIONAIRES AND CLIENTS 7. TAXES AND CONTRIBUTIONS 8. INCOME TAX AND SOCIAL CONTRIBUTION 9. DEFERRED TAXES 10. CONCESSIONS FINANCIAL ASSETS 11. OTHER RECEIVABLES 12. INVESTMENTS 13. PROPERTY, PLANT AND EQUIPMENT 14. INTANGIBLE ASSETS 15. TRADE PAYABLES 16. LOANS, BORROWINGS AND FINANCIAL CHARGES 17. DEBENTURES AND FINANCIAL CHARGES 18. REGULATORY CHARGES 19. PROVISIONS 20. CONTINGENCIES 21. POST-EMPLOYMENT BENEFITS 22. OTHER PAYABLES 23. RELATED-PARTY TRANSACTIONS 24. EQUITY 25. EARNINGS PER SHARE 26. NET OPERATING REVENUE 27. ELECTRIC POWER SUPPLY 28. OPERATING COSTS AND EXPENSES 29. ELECTRIC POWER PURCHASED FOR RESALE 30. FINANCIAL INCOME 31. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT 32. INSURANCE 33. SEGMENT REPORTING 34. NON-CASH TRANSACTIONS 35. EVENTS AFTER THE REPORTING PERIOD

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NOTES TO THE PARENT COMPANY AND CONSOLIDATED INTERIM FINANCIAL INFORMATION FOR THE QUARTER ENDED JUNE 30, 2013 (In thousands of Brazilian reais R$, unless otherwise stated)

1. OPERATIONS The corporate purpose of Light S.A. (Company or Light), a publicly-held company headquartered in the city and state of Rio de Janeiro - Brazil, is to hold equity interests in other companies, as partner or shareholder, and the direct or indirect exploration, as applicable, of electric power services, including electric power generation, transmission, sale and distribution systems, as well as other related services. The Company is listed in the New Market (Novo Mercado) segment of the BM&FBOVESPA So Paulo Securities, Commodities and Futures Exchange (BM&FBOVESPA), under the ticker LIGT3, and in the U.S. over-the-counter (OTC) market, under the ticker LGSXY. 2. GROUPS ENTITIES a) Direct Subsidiaries Light Servios de Eletricidade S.A. (Light SESA 100%) a publicly-held corporation, headquartered in the city and state of Rio de Janeiro, engaged in the distribution of electric power, with a concession area comprising 31 cities in the state of Rio de Janeiro, including its capital. Light Energia S.A. - (Light Energia 100%) a publicly-held corporation, headquartered in the city and state of Rio de Janeiro, whose main activities are to (a) study, plan, construct, operate and explore systems of electric power generation, transmission, sales, and related services that have been legally granted or that may be granted or authorized to it or to companies in which it holds or may come to hold a controlling interest; (b) to hold interests in other companies as a partner, shareholder or quotaholder. It comprises the Pereira Passos, Nilo Peanha, Ilha dos Pombos, Santa Branca and Fontes Novas plants, with a total installed capacity of 855 MW. Light Energia holds interest in the following subsidiaries and jointly-owned subsidiaries: Central Elica So Judas Tadeu Ltda. (So Judas Tadeu 100%) - a company at the pre-operational stage whose main activity is the generation and sale of electric power through a wind power plant located in the state of Cear, with 18 MW nominal power. Central Elica Fontainha Ltda. (Fontainha 100%) a company at the preoperational stage whose main activity is the generation and sale of electric power through a wind power plant located in the state of Cear, with 16 MW nominal power. Renova Energia S.A. (Renova Energia - 22.0%, jointly-owned subsidiary) a corporation whose main activity is the generation of electric power through

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renewable alternative sources, such as small hydroelectric power plants (PCHs), wind and solar power plants. Renova Energia holds direct or indirect interests totaling 1,290 MW contracted, 336 MW of which in operation. The companies in which Renova Energia holds interests are listed below:
Interests - RENOVA Enerbras Centrais Eltricas S.A. Centrais Elicas Planaltina S.A. Centrais Elicas Caetit Ltda. * Nova Renova Energia S.A. Bahia Elica Participaes S.A. Centrais Elicas Pinda S.A. Centrais Elicas Igapor S.A. Centrais Elicas Licnio de Almeida S.A. Centrais Elicas Candiba S.A. Centrais Elicas Ilhus S.A. Salvador Elica Participaes S.A. Centrais Elicas Alvorada S.A. Centrais Elicas Paje do Vento S.A. Centrais Elicas Arapu Ltda. * Centrais Eltricas Bela Vista Ltda. * Renova Comercializadora de Energia S.A * Centrais Coxilha Alta Ltda. *
(d) Direct subsidiary of Renova (i) Indirect subsidiary of Renova * Pre-operating company

(d) (i) (i) (d) (i) (i) (i) (i) (i) (i) (i) (i) (i) (d) (d) (d) (d)

Energtica Serra da Prata S.A. Centrais Elicas Rio Verde S.A. Centrais Elicas Guirap S.A. Centrais Elicas Nossa Senhora Conceio S.A. Centrais Elicas Guanambi S.A. Centrais Elicas Porto Seguro S.A. Centrais Elicas Serra do Salto S.A. Renova Elica Participaes S.A. Centrais Eltricas Borgo Ltda. * Centrais Eltricas Dourados Ltda. * Centrais Eltricas Maron Ltda. * Centrais Eltricas Serra do Espinhao Ltda. * Centrais Elicas Ametista Ltda. * Centrais Eltricas Cedro Ltda. * Centrais Eltricas Riacho de Santana Ltda. * Centrais Elicas Lenois Ltda. *

(i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (i) (d) (d) (d)

Renova PCH Ltda. * Centrais Elicas Espigo Ltda. * Centrais Elicas Pelourinho Ltda. * Centrais Elicas Piles Ltda. * Centrais Elicas So Salvador Ltda. * Centrais Eltricas Morro Ltda. * Centrais Eltricas Serama Ltda. * Centrais Eltricas Tanque Ltda. * Centrais Elicas dos Araas Ltda. * Centrais Elicas da Prata Ltda. * Centrais Elicas Ventos do Nordeste Ltda. * Centrais Eltricas Botuquara Ltda. * Centrais Eltricas Itaparica Ltda. * Centrais Eltricas Conquista Ltda. * Centrais Eltricas Santana Ltda. * Centrais Elicas Recncavo Ltda. *

(d) (i) (i) (i) (d) (i) (i) (i) (i) (i) (i) (d) (d) (d) (d) (d)

The indirect interest held in Renova PCH Ltda., Nova Renova Energia S.A., Centrais Eltricas Botuquara Ltda. and Centrais Eltricas Itaparica Ltda. is 21.8%, while in other companies it is 22.0%. Guanhes Energia S.A. (Guanhes Energia - 51%, jointly-owned subsidiary) a privately-held corporation in the pre-operational stage, headquartered in the city of Belo Horizonte, state of Minas Gerais, was created with the purpose of implementing and exploring small hydroelectric power plants (PCHs) in the state of Minas Gerais, with total installed capacity of 44.80 MW. The startup of the first PCH is scheduled for May 2014 and the last one for August 2014. The company is a jointly-owned subsidiary of Light Energia S.A. (51%) and Cemig Gerao e Transmisso S.A. - Cemig GT (49%).

Light Esco Prestao de Servios S.A. - (Light Esco 100%) a privately-held corporation, headquartered in the city and state of Rio de Janeiro, whose main activity is the purchase, sale, import, export of electric and thermal power, gases and industrial utilities, and provision of advisory services in the energy sector. The company is a member of the Maracan Solar consortium, which manages the photovoltaic plant, installed on the top of the Maracan stadium (51%). EDF Consultoria em Projetos de Gerao de Energia Ltda. holds a 49% interest in this consortium. Aneel granted to Light Esco the authorization to become an independent producer of electric power. Light Esco also holds interests in the following jointly-owned subsidiary: EBL Companhia de Eficincia Energtica S.A. (EBL 33.3%, jointly-owned subsidiary) a company engaged in providing energy efficiency solutions and services and rental of equipment and facilities at units owned or rented by Telemar Norte Leste S.A.

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Lightcom Comercializadora de Energia S.A. (Lightcom 100%) a privately-held corporation, headquartered in the city and state of So Paulo, engaged in the purchase, sale, import, export and provision of advisory services in the energy sector. Itaocara Energia Ltda. - (Itaocara Energia 100%) a company in the pre-operational stage, primarily engaged in the design, construction, installation, operation and exploration of electric power generation plants. It holds interest in the UHE Itaocara consortium for the exploration of the Itaocara Hydroelectric Power Plant (51%). Cemig Gerao e Transmisso S.A. Cemig GT holds a 49% interest. Light Solues em Eletricidade Ltda. (Light Solues - 100%) a limited liability company whose main activity is to provide services to low voltage clients, including the assembly, remodeling and maintenance of facilities in general. Instituto Light para o Desenvolvimento Urbano e Social (Light Institute - 100%) a non-profit private company, engaged in participating in social and cultural projects, focused on the cities social and economic development, affirming the Companys ability to be socially responsible. b) Jointly-owned subsidiaries Lightger S.A. (Lightger) a privately-held corporation whose purpose is to participate in auctions for concessions, authorizations and permissions for new electric power plants. On December 24, 2008, Lightger obtained the installation license that authorized the start of the construction of the Paracambi small hydroelectric power plant (PCH) and obtained its operation license on November 10, 2011, valid until October 10, 2015. The turbine began operating in the third quarter of 2012. The company is jointly owned by Light S.A (51%) and Cemig Gerao e Transmisso S.A. - Cemig GT (49%). Axxiom Solues Tecnolgicas S.A. (Axxiom) a privately-held corporation, headquartered in the city of Belo Horizonte, state of Minas Gerais, whose purpose is to offer technology solutions and systems for the operational management of public utility concessionaires, including electric power, gas, water and sewage companies. It is jointly owned by Light S.A (51%) and Companhia Energtica de Minas Gerais - CEMIG (49%). CR Zongshen E-Power Fabricadora de Veculos S.A. (E-Power) a privately-held company in the pre-operational stage whose purpose is to manufacture Kasinski twowheel electric vehicles. Light S.A. and CR Zongeshen Fabricadora de Veculos S.A., referred to as Kasinski are the companys shareholders, holding 20% and 80%, respectively, of E-Powers registered common shares. Amaznia Energia Participaes S.A. (Amaznia Energia) a privately-held corporation whose purpose is to hold an interest, as a shareholder, in Norte Energia S.A. (NESA), which holds the concession for the use of public assets to explore the Belo Monte Hydroelectric Power Plant, on Xingu river, in the state of Par. It is jointly owned by Light S.A. (25.5%) and Cemig Gerao e Transmisso S.A. - Cemig GT (74.5%). Amaznia Energia holds a 9.8% interest in NESA, with significant influence on management, but without joint control.

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c) Concessions and authorizations

Concessions / authorizations Light SESA and Light Energia PCH Paracambi - Lightger Hidroeltrica de Itaocara - Consrcio Itaocara Usinas Elicas - Renova Energia Usinas Elicas - Renova Energia Usinas Elicas - Renova Energia PCH Cachoeira da Lixa - Renova Energia PCH Colino 2 - Renova Energia PCH Colino 1 - Renova Energia PCH Dores de Guanhes - Guanhes Energia PCH Senhora do Prto - Guanhes Energia PCH Jacar - Guanhes Energia PCH Fortuna II - Guanhes Energia Date Jun/1996 Feb/2001 Mar/2001 Aug/2011 Mar/2011 until May/2011 Apr/2012 Dec/2003 Dec/2003 Dec/2003 Nov/2002 Oct/2002 Oct/2002 Dec/2001 Expiration Jun/2026 Feb/2031 Mar/2036 Aug/2045 Mar/2046 until May/2046 Apr/2047 Dec/2033 Dec/2033 Dec/2033 Nov/2032 Oct/2032 Oct/2032 Dec/2031

d) Light Group Consolidation As determined by CPC 19 Joint Arrangements (IFRS 11), approved by CVM Resolution 694/12, effective as of January 1, 2013, interests in joint ventures shall be recognized as investment and accounted for under the equity method instead of under the proportionate consolidation method, used until December 31, 2012. Accordingly, the consolidated quarterly information includes the shareholdings of the Company and its subsidiaries, which are consolidated as follows:
6/30/2013 Percentage of Percentage of interest (%) interest (%) Direct Indirect Light Servios de Eletricidade S.A. Light Energia S.A. Central Elica Fontainha Ltda Central Elica So Judas Tadeu Ltda Light Esco Prestao de Servios S.A. Lightcom Comercializadora de Energia S.A. Light Solues em Eletricidade Ltda. Instituto Light para o Desenvolvimento Urbano e Social Itaocara Energia Ltda. 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 12/31/2012 Percentage of Percentage of interest (%) interest (%) Direct Indirect 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 -

3. APPROVAL AND SUMMARY OF THE MAIN ACCOUNTING PRACTICES ADOPTED IN THE PREPARATION OF THE INTERIM FINANCIAL INFORMATION

The authorization for the conclusion of this interim financial information was given by the Companys Management on August 12, 2013. The Companys consolidated interim financial information was prepared for the quarter ended June 30, 2013 and is in accordance with International Accounting Standards (IAS) 34, which corresponds to the Brazilian accounting standard CPC 21, which addresses interim financial statements.

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IAS 34 requires Management to use certain accounting estimates. The consolidated financial information has been prepared based on historical cost, except for specific financial assets and financial liabilities that are measured at fair value. The parent company financial information has been prepared in accordance with the accounting practices adopted in Brazil, CPC 21, which addresses interim statements. The parent company financial statements, prepared for statutory purposes, present investments in subsidiaries measured by the equity method of accounting, in accordance with the Brazilian legislation. Thus, these parent company financial statements have not been prepared under IFRS, which require the valuation of these investments in the parent companys separate financial statements at fair value or cost. This parent company and consolidated financial information does not include all the information and disclosures required in the parent company and consolidated annual financial statements and, therefore, should be read together with the parent company and consolidated financial statements for the year ended December 31, 2012, published on April 4, 2013, which have been prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and the accounting practices adopted in Brazil (BR GAAP). The Company has chosen to present the parent company and consolidated financial information as a single set of accounts, since there are no differences between the parent company and consolidated equity and results. This financial information is presented in Real, which is the functional currency of the Company, its subsidiaries, jointly-owned subsidiaries and associated companies. All financial information presented in Real was rounded up to thousands, except when indicated otherwise.
a) Standards and interpretations effective as of January 1, 2013

IFRS 10 - Consolidated Financial Statements - replaces the parts of IAS 27 Consolidated and Separate Financial Statements that deal with consolidated financial statements. SIC-12 Consolidation Special Purpose Entities was excluded with the issue of IFRS 10. According to IFRS 10, there is only one consolidation basis, that is, control. IFRS 10 also includes a new definition of control. Management has not identified impacts arising from this new rule. IFRS 11 - Joint Arrangements replaces IAS 31 and establishes how joint arrangements should be classified in the financial statements. In accordance with the rule, the structure of a joint arrangement is no longer the main factor to determine the type of business and, consequently, the respective accounting. Joint ventures will be accounted for under the equity method and the proportionate consolidation method will no longer be permitted. The Company no longer proportionally consolidates its direct and indirect jointly-owned subsidiaries Renova Energia, Guanhes Energia, EBL, Lightger, Axxiom, Amaznia Energia and E-Power as of January 1, 2013. These changes did not have an impact on the Companys net income; however, there were changes to the individual lines in the consolidated statement of income against the equity income and a reduction in consolidated assets and liabilities against an increase in investments, as shown below. There was also impact between lines in the
58

consolidated statements of cash flows and of value added. IFRS 12 - Disclosure of Interests in Other Entities is a disclosure rule applicable to entities with interests in subsidiaries, joint arrangements, associates and/or unconsolidated structured entities. In general, disclosure requirements under IFRS 12 are more comprehensive than the current rules. The impact is increased disclosure of information of its jointly-owned subsidiaries, included in Note 12. IFRS 13 - Fair Value Measurement presents a single source of guidance for fair value measurements and disclosures. The rule defines the fair value, presents a structure for measurement and requires disclosures. Management has not identified any impact arising from this new standard. Changes to IAS 1 Presentation of Items of Other Comprehensive Income allow the presentation of the income statement and other comprehensive income in a single statement or in two separate and consecutive statements. However, the changes to IAS 1 require additional disclosures in the section of other comprehensive income so that other comprehensive income items are grouped into two categories: (a) items that will not be subsequently reclassified in the income statement; and (b) items that will be subsequently reclassified in the income statement in accordance with certain conditions. Management has not identified relevant impacts arising from this new standard. IAS 19 (revised in 2011) Employee Benefits they change the accounting of the defined benefit plans, including: a) the elimination of the corridor approach; b) the immediate recognition of the cost of past services in the income statement c) the recognition of actuarial gains and losses in other comprehensive income, as incurred; and d) the replacement of interest expenses and the expected returns on the plans assets by a net interest amount, calculated through the application of the discount rate to the net defined benefit assets or liabilities. As the Company already immediately recognized actuarial gains and losses in other comprehensive income and there were no significant differences in the expected return rates on assets and discount rates that could impact the financial information, the only impact was the reclassification of retained earnings to other comprehensive income in equity, as the Company chose not to transfer the amounts recognized in other comprehensive income in equity. IAS 27 (revised in 2011) Separate Financial Statements reflects changes in the accounting of non-controlling interest and deals mainly with the accounting of changes in interests in subsidiaries after control is obtained, the accounting of the loss of control in subsidiaries and the allocation of income or loss to controlling and non-controlling interests in a subsidiary. Management has not identified impacts arising from this new standard. IAS 28 (revised in 2011) - Investments in Associates and Joint Ventures: The changes introduced to IAS 28 were intended to clarify that: (i) an investment in an associate must be treated as a single asset for impairment testing purposes in accordance with IAS 36 Impairment of Assets; (ii) any impairment loss to be recognized must not be allocated to specific assets (specifically goodwill);
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and (iii) impairment reversals are recorded as an adjustment to the associates book value provided that and to the extent that the recoverable amount of the investment increases. Management has not identified impacts arising from this new standard. Changes to IFRS 7 - Offsetting Financial Assets and Financial Liabilities Introduce new disclosure requirements for financial assets and financial liabilities which are offset in the statement of financial position. Management has not identified impacts arising from this new standard. The adoption of the new standards as of January 1, 2013, as provided for by CPC 23 Accounting Policies, Changes in Accounting Estimates and Errors, impacted the balances as of January 1, 2012 and the results as of January 1, 2012, which were duly adjusted for comparative purposes in this financial information, as presented below:

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i.

Consolidated statement of financial position for the year ended December 31, 2012.
ASSETS Cash and cash equivalents Marketable securities Consumers, concessionaires, permissionaires and clients Taxes and contributions Income tax and social contribution Inventories Services rendered receivable Swap income receivable Prepaid expenses Other receivables TOTAL CURRENT ASSETS Consumers, concessionaires, licensees and clients Taxes and contributions Deferred taxes Concessions' financial assets Swap income receivable Escrow deposits Other receivables Investments Property, plant and equipment Intangible assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS 12/31/2012 Published 377,607 15,266 1,446,171 199,182 11,662 30,355 46,154 35,070 2,426 174,870 2,338,763 289,556 118,878 830,233 1,573,349 470 224,631 21,215 91,855 2,220,564 4,017,057 9,387,808 11,726,571 Reclassification* (147,251) (4,583) (2,197) (4,932) (7) (3,983) (472) (8,152) (171,577) (127) (200) (558) (18,429) 465,495 (585,309) (268,419) (407,547) (579,124) 12/31/2012 Restated 230,356 15,266 1,441,588 196,985 6,730 30,348 42,171 35,070 1,954 166,718 2,167,186 289,429 118,878 830,033 1,573,349 470 224,073 2,786 557,350 1,635,255 3,748,638 8,980,261 11,147,447

LIABILITIES Trade payables Taxes and contributions Income tax and social contribution Loans, borrowings and financial charges Debentures and financial charges Swap income payable Dividends and interest on equity payable Estimated liabilities Regulatory charges Post-employment benefits Other payables TOTAL CURRENT LIABILITIES Loans, borrowings and financial charges Debentures from financial charges Swap income payable Taxes and contributions Deferred taxes Provisions Post-employment benefits Other payables TOTAL NON-CURRENT LIBILITIES EQUITY Capital stock Profit reserve Proposed additional dividends Equity valuation adjustments Other comprehensive results ** Retained earnings (accumulated losses) ** TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

12/31/2012 Published 861,823 85,791 50,353 391,010 151,832 1,597 74,792 48,578 111,716 116,107 193,062 2,086,661 2,200,721 1,922,495 4,532 195,751 320,224 583,171 1,254,631 132,702 6,614,227

Reclassification* (47,354) (3,438) (48,061) (33,039) (1,752) (2,329) (135,973) (280,239) (67,234) (92,319) (19) (3,340) (443,151)

12/31/2012 Restated 814,469 82,353 50,353 342,949 118,793 1,597 74,792 46,826 111,716 116,107 190,733 1,950,688 1,920,482 1,855,261 4,532 195,751 227,905 583,152 1,254,631 129,362 6,171,076

2,225,822 256,535 91,770 451,556 3,025,683 11,726,571

(171,997) 171,997 (579,124)

2,225,822 256,535 91,770 451,556 (171,997) 171,997 3,025,683 11,147,447

**

These reclassifications refer to the adoption of IFRS 11 These reclassifications refer to the adoption of IAS 19 R1.

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ii.

Consolidated statement of income for the quarter ended June 30, 2012.

Consolidated 4/1/2012 to 6/30/2012 Published Reclassification* 4/1/2012 to 6/30/2012 Restated

NET OPERATING REVENUE COST OF OPERATION GROSS PROFIT OPERATING EXPENSES Selling expenses General and administrative expenses Other expenses EQUITY IN THE EARNINGS (LOSSES) OF SUBSIDIARIES EARNINGS BEFORE THE FINANCIAL RESULT AND TAXES FINANCIAL RESULT Revenues Expenses RESULT BEFORE INCOME TAX AND SOCIAL CONTRIBUTION Current income tax and social contribution Deferred income tax and social contribution NET INCOME FOR THE PERIOD

1,797,890 (1,421,450) 376,440 (204,114) (101,200) (102,007) (907) 172,326 (118,609) 68,338 (186,947)

(7,799) 7,205 (594) 1,940 1,158 724 58 (617) 729 (2,475) (4,669) 2,194

1,790,091 (1,414,245) 375,846 (202,174) (100,042) (101,283) (849) (617) 173,055 (121,084) 63,669 (184,753)

53,717 (33,930) 19,985 39,772

(1,746) 1,882 (136) -

51,971 (32,048) 19,849 39,772

Consolidated 1/1/2012 to 6/30/2012 Published Reclassification 1/1/2012 to 6/30/2012 Restated

NET OPERATING REVENUE COST OF OPERATION GROSS PROFIT OPERATING EXPENSES Selling expenses General and administrative expenses Other expenses EQUITY IN THE EARNINGS (LOSSES) OF SUBSIDIARIES EARNINGS BEFORE THE FINANCIAL RESULT AND TAXES FINANCIAL RESULT Revenues Expenses RESULT BEFORE INCOME TAX AND SOCIAL CONTRIBUTION Current income tax and social contribution Deferred income tax and social contribution NET INCOME FOR THE PERIOD

3,702,183 (2,781,544) 920,639 (405,960) (189,684) (214,041) (2,235) 514,679 (246,590) 101,728 (348,318)

(13,367) 8,178 (5,189) 6,732 1,158 5,465 109 211 1,754 (4,157) (7,948) 3,791

3,688,816 (2,773,366) 915,450 (399,228) (188,526) (208,576) (2,126) 211 516,433 (250,747) 93,780 (344,527)

268,089 (63,231) (25,024) 179,834

(2,403) 2,109 294 -

265,686 (61,122) (24,730) 179,834

These reclassifications refer to the adoption of IFRS 11

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iii.

Consolidated statement of cash flows for the period ended June 30, 2012.
1/1/2012 to 6/30/2012 Published Net cash from operating activities Cash from operations Earnings before income tax and social contribution Allowance for doubtful accounts Depreciation and amortization Loss (gains) in sale of intangible assets / Property, plant and equipment Exchange and monetary loss (gains) from financial activities Provision for escrow deposit contingencies / Restatements Present value adjustment and prepayment of accounts receivable Interest expenses on loans Charges and exchange rate variation of post-employment obligations Swap variations Equity in the earnings (losses) of subsidiaries Variations in assets and liabilities Marketable securities Consumers, concessionaires and permissionaires Taxes and contributions Inventories Services rendered receivable Prepaid expenses Escrow deposits Other assets Trade payables Estimated liabilities Taxes and contributions Regulatory charges Provisions Post-employment benefits Other liabilities Interest paid Income tax and social contribution - paid Net cash from investing activities Receivables from sale of intangible assets Acquisition of property, plant and equipment items Acquisition of intangible assets Net cash from financing activities Dividends and interest on equity paid New loans, borrowings and debentures Amortization of loans, borrowings and debentures Increase (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period 367,186 924,533 268,089 133,855 172,678 2,235 15,769 53,031 29,054 189,596 60,226 (557,347) (7,308) (24,282) (49,172) (1,828) (36,302) (11,134) (13,561) (27,480) (88,455) 2,120 33,477 3,809 (38,202) (63,967) (23,965) (150,708) (60,389) (381,218) 1,743 (147,352) (235,609) (235,556) (73,741) 46,453 (208,268) (249,588) 772,548 522,960 (5,166) (22,794) (2,403) (605) 166 (2,141) (17,600) (211) 17,628 1,526 60,182 2,247 (174) 147 24,257 82,363 (173) (133,004) (25,523) 3,785 1,995 85,563 118,016 (32,453) (10,242) (46,453) 36,211 70,155 (120,056) (49,901) Reclassification * 1/1/2012 to 6/30/2012 Restated 362,020 901,739 265,686 133,855 172,073 2,235 15,935 53,031 29,054 187,455 60,226 (17,600) (211) (539,719) (7,308) (22,756) 11,010 (1,828) (34,055) (11,308) (13,414) (3,223) (6,092) 1,947 (99,527) 3,809 (38,202) (89,490) (20,180) (148,713) (60,389) (295,655) 1,743 (29,336) (268,062) (245,798) (73,741) (172,057) (179,433) 652,492 473,059

These reclassifications refer to the adoption of IFRS 11

63

iv.

Consolidated statement of value added for the period ended June 30, 2012.
1/1/2012 to 6/30/2012 Published Revenues Sale of goods, products and services Revenue related to construction of own assets Recording (reversal) of allowance for doubtful accounts Inputs acquired from third parties Cost of products, goods and services sold Materials, energy, outsourced services and others Construction costs of own assets Gross value added Retentions Depreciation and amortization Net value added produced by the entity Value added received through transfer Equity in the earnings of subsidiaries Financial income Total value added to distribute Value added distribution Personnel Direct compensation Benefits FGTS Other Taxes, charges and contibutions Federal State Municipal Value distributed to providers of capital Interests Rental Other Value distributed to shareholders Retained earnings
*

Reclassification *

1/1/2012 to 6/30/2012 Restated

5,493,143 5,327,327 299,671 (133,855) (2,688,407) (2,133,925) (261,491) (292,991) 2,804,736 (172,678) (172,678) 2,632,058 105,660 105,660 2,737,718 2,737,718 121,485 89,675 21,195 7,745 2,870 2,044,799 826,033 1,214,049 4,717 391,600 358,703 21,512 11,385 179,834 179,834

(14,109) (14,109) 34,211 5,532 (264,312) 292,991 20,102 605 605 20,707 (11,669) 211 (11,880) 9,038 9,038 25,520 25,520 (2,490) (2,318) (172) (13,992) (13,992) -

5,479,034 5,313,218 299,671 (133,855) (2,654,196) (2,128,393) (525,803) 2,824,838 (172,073) (172,073) 2,652,765 93,991 211 93,780 2,746,756 2,746,756 147,005 115,195 21,195 7,745 2,870 2,042,309 823,715 1,214,049 4,545 377,608 344,711 21,512 11,385 179,834 179,834

These reclassifications refer to the adoption of IFRS 11

64

v.

Consolidated statement of financial position for the year ended December 31, 2011.
12/31/2011 Published ASSETS Cash and cash equivalents Marketable securities Consumers, concessionaires, permissionaires and clients Inventories Taxes and contributions Income tax and social contribution Prepaid expenses Services rendered receivable Swap income receivable Other receivables TOTAL CURRENT ASSETS Consumers, concessionaires, permissionaires and clients Taxes and contributions Deferred taxes Prepaid expenses Concessions' financial assets Escrow deposits Swap income receivable Other receivables Investments Property, plant and equipment Intangble assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS 772,548 8,171 1,383,620 27,430 134,551 90,947 2,180 84,964 3,801 173,550 2,681,762 298,538 95,622 836,411 263 656,473 268,505 754 7,979 54,086 1,985,833 4,174,900 8,379,364 11,061,126 Reclassification * 1/1/2012 Restated 652,492 8,171 1,382,290 27,430 133,284 90,947 1,817 82,723 3,801 169,834 2,552,789 298,538 95,622 836,411 263 656,473 264,896 754 7,851 459,088 1,601,074 3,880,991 8,101,961 10,654,750

(120,056) (1,330) (1,267) (363) (2,241) (3,716) (128,973) (3,609) (128) 405,002 (384,759) (293,909) (277,403) (406,376)

12/31/2011 Published LIABILITIES Trade payables Taxes and contributions Income tax and social contribution Loans, borrowings and financial charges Debentures and financial charges Swap income payable Dividends and interest on equity payable Estimated liabilities Regulatory charges Post-employment benefits Other liabilities TOTAL CURRENT LIABILITIES Loans, borrowings and financial charges Debentures and financial charges Swap income payable Taxes and contributions Deferred taxes Provisions Post-employment benefits Other liabilities TOTAL NON-CURRENT LIBILITIES EQUITY Capital stock Profit reserve Proposed additional dividends Equity evaluation adjustments Other comprehensive results ** Retained earnings (accumulated losses) ** TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

Reclassification *

1/1/2012 Restated

757,158 84,349 40,272 304,554 213,740 787 73,741 47,379 112,356 80,525 227,154 1,942,015 1,853,748 1,790,132 976 200,263 342,391 515,678 1,090,684 153,411 5,947,283

(5,491) (1,204) (41,710) (1,531) (12,224) (62,160) (244,584) (99,632) (344,216)

751,667 83,145 40,272 262,844 213,740 787 73,741 45,848 112,356 80,525 214,930 1,879,855 1,609,164 1,790,132 976 200,263 242,759 515,678 1,090,684 153,411 5,603,067

2,225,822 341,695 181,501 472,356 (49,546) 3,171,828 11,061,126

(39,978) 39,978 (406,376)

2,225,822 341,695 181,501 472,356 (39,978) (9,568) 3,171,828 10,654,750

**

These reclassifications refer to the adoption of IFRS 11 These reclassifications refer to the adoption of IAS 19 R1.

65

vi.

Parent company statement of financial position for the year ended December 31, 2012.
12/31/2012 Published ASSETS Cash and cash equivalents Income tax and social contribution Prepaid expenses Dividends and interest on equity receivable Services rendered receivable Other receivables TOTAL CURRENT ASSETS Escrow deposits Investments Property, plant and equipment TOTAL NON-CURRENT ASSETS TOTAL ASSETS 45,469 3,858 191 19,210 148 6,665 75,541 289 3,031,033 672 3,031,994 3,107,535 Reclassification 12/31/2012 Restated 45,469 3,858 191 19,210 148 6,665 75,541 289 3,031,033 672 3,031,994 3,107,535

12/31/2012 Published LIABILITIES Trade payables Taxes and contributions Income tax and social contribution Dividends and interest on equity payable Estimated liabilities Post-employment benefits Other liabilities TOTAL CURRENT LIABILITIES Post-employment benefits Other liabilities TOTAL NON-CURRENT LIBILITIES EQUITY Capital stock Profit reserve Proposed additional dividends Equity valuation adjustments Other comprehensive results ** Retained earnings (accumulated losses) ** TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 458 1,640 2 74,792 392 11 3,514 80,809 142 901 1,043

Reclassification -

12/31/2012 Restated 458 1,640 2 74,792 392 11 3,514 80,809 142 901 1,043

2,225,822 256,535 91,770 451,556 3,025,683 3,107,535

(171,997) 171,997 -

2,225,822 256,535 91,770 451,556 (171,997) 171,997 3,025,683 3,107,535

**

These reclassifications refer to the adoption of IAS 19 R1.

66

vii.

Parent company statement of financial position for the year ended December 31, 2011.
12/31/2011 Published ASSETS Cash and cash equivalents Income tax and social contribution Prepaid expenses Dividends and interest on equity receivable Services rendered receivable Other receivables TOTAL CURRENT ASSETS Escrow deposits Investments Property, plant and equipment TOTAL NON-CURRENT ASSETS TOTAL ASSETS 55,057 3,395 182 78,510 150 13,763 151,057 215 3,105,456 672 3,106,343 3,257,400 Reclassification 1/1/2012 Restated 55,057 3,395 182 78,510 150 13,763 151,057 215 3,105,456 672 3,106,343 3,257,400

12/31/2011 Published LIABILITIES Trade payables Taxes and contributions Income tax and social contribution Dividends and interest on equity payable Post-employment benefits Other liabilities TOTAL CURRENT LIABILITIES 197 8,911 2 73,741 233 2,488 85,572

Reclassification -

1/1/2012 Restated 197 8,911 2 73,741 233 2,488 85,572

TOTAL NON-CURRENT LIBILITIES EQUITY Capital stock Profit reserve Proposed additional dividends Equity valuation adjustments Other comprehensive results ** Retained earnings (accumulated losses) ** TOTAL EQUITY TOTAL LIABILITIES AND EQUITY

2,225,822 341,695 181,501 472,356 (49,546) 3,171,828 3,257,400

(39,308) 39,308 -

2,225,822 341,695 181,501 472,356 (39,308) (10,238) 3,171,828 3,257,400

**

These reclassifications refer to the adoption of IAS 19 R1.

67

4. CASH AND CASH EQUIVALENTS

Parent Company 6/30/2013 Money available Short-term financial investments Bank deposit certificate (CDB) Total 167 1,363 1,530 12/31/2012 200 45,269 45,469 Consolidated 12/31/2012 6/30/2013 Restated 63,753 1,973,559 2,037,312 79,836 150,520 230,356

The short-term investments are highly liquid and convertible into know amounts cash and are subject to a floating rate represented by transactions purchased from financial institutions trading in the domestic financial market, at market terms and rates. These short-term investments have a daily repurchase commitment by the counterparty financial institution (the repurchase rate is previously agreed upon by the parties), and yield according to the variation of the interbank deposit rate (CDI), with immaterial loss of income in case of early redemption. The short-term investments yield an average of 99.0% of the CDI. The Company's exposure to interest rate risks and a sensitivity analysis of financial assets and liabilities are reported in Note 31. 5. MARKETABLE SECURITIES These papers involve short-term bank deposit certificates (CDB) in the amount of R$7,927 (R$15,266 as of December 31, 2012) in the consolidated financial information, forming the underlying assets of certain surety bonds pledged in power auctions, and also other proceeds from the sale of assets that were held for reinvestment in the electric grid system or investments to mature within three months or longer with loss of income in case of early redemption. Marketable securities yield an average of 94.9% of the CDI.

68

6. CONSUMERS, CONCESSIONAIRES, PERMISSIONAIRES AND CLIENTS

CURRENT Billed sales Unbilled sales Debt payment by installments Other receivables

Consolidated 12/31/2012 6/30/2013 Restated 1,110,380 267,106 143,395 1,539 1,522,420 1,455,853 400,234 143,336 241 1,999,664 780 163,049 163,829 (721,905) 1,441,588

Sales within the scope of CCEE Supply and charges related to the use of electric network

8,208 132,978 141,186

(-) Allowance for doubtful accounts TOTAL CURRENT NON-CURRENT Debt payment by installments Other receivables TOTAL NON-CURRENT

(529,951) 1,133,655

223,559 46,256 269,815

265,502 23,927 289,429

An allowance for doubtful accounts was set up based on certain premises and in an amount deemed sufficient by Management to meet any asset realization losses. In the first half of 2013, bad debts were written-off in the amount of R$269,400 (R$252,445 in the first half of 2012), mainly related to bills overdue for a long time, and within tax deductibility criteria. The write-offs were realized against allowance for doubtful accounts already recorded, thus, not impacting net income in the period. The balances of debt repayment facilities were adjusted to their present value, as applicable. The present value is determined for each relevant consumer debt renegotiation (debt repayment facilities) based on such interest rate as will reflect the term and risk associated with each individual transaction, on average 1% per month. Outstanding balances and receivables in connection with invoiced electric power sales and debt repayment programs are summarized as follows:
Maturing balance 246,531 19,361 140,644 594 97,069 12,640 108,727 625,566 Matured balances Overdue up Overdue over to 90 days 90 days 115,555 12,621 48,097 302 18,856 1,934 21,884 219,249 123,589 75,969 295,860 590 109,147 23,577 3,787 632,519 TOTAL 6/30/2013 485,675 107,951 484,601 1,486 225,072 38,151 134,398 1,477,334 12/31/2012 748,565 155,968 547,770 1,818 227,316 42,411 140,843 1,864,691 Allowance for doubtful accounts 6/30/2013 (119,152) (73,242) (285,238) (409) (40,876) (11,000) (34) (529,951) 12/31/2012 (373,982) (37,068) (253,039) (621) (46,144) (11,000) (51) (721,905)

Billed sales and renegotiated debts Residential Industrial Commercial Rural Public sector Public lighting Public utility Total - current and non-current

69

Changes in consolidated allowance for doubtful accounts in the periods:

Balance on December 31, 2012 Additions/Reversals Write-offs Balance on June 30, 2013 721,905 77,446 (269,400) 529,951

Balance on December 31, 2011 Additions/Reversals Write-offs Balance on June 30, 2012

895,405 133,855 (252,445) 776,815

The Companys exposure to credit risks related to consumers, concessionaires, permissionaires and clients is reported in Note 31.

7. TAXES AND CONTRIBUTIONS

CURRENT PIS/COFINS payable ICMS payable Other Total

Parent Company Liabilities 6/30/2013 12/31/2012 12 63 75 1,563 12 65 1,640

Consolidated Assets CURRENT ICMS recoverable ICMS payable Installment Payments - Law 11941/09 PIS/COFINS recoverable PIS/COFINS payable Other Total NON-CURRENT Installment Payment - Law 11941/09 ICMS recoverable Total 119,377 119,377 118,878 118,878 191,337 191,337 195,751 195,751 6/30/2013 140,567 29,948 19,294 189,809 12/31/2012 Restated 141,169 36,889 18,927 196,985 Liabilities 12/31/2012 6/30/2013 Restated 10,718 18,517 40,021 11,232 80,488 16,009 18,069 35,686 12,589 82,353

70

8. INCOME TAX AND SOCIAL CONTRIBUTION

Parent Company Assets Liabilities 6/30/2013 12/31/2012 6/30/2013 12/31/2012 2,633 2,633 3,839 19 3,858 2 2 2 2

CURRENT Tax credits IRPJ and CSLL IRRF (Withholding Income Tax) payable Prepaid IRPJ/CSLL Total

CURRENT Tax credits IRPJ and CSLL IRRF (Withholding Income Tax) payable Prepaid IRPJ/CSLL Provision for IRPJ/CSLL Total

Consolidated Assets Liabilities 12/31/2012 12/31/2012 6/30/2013 6/30/2013 Restated Restated 15,534 50 15,584 6,511 219 6,730 466 42,639 43,105 451 49,902 50,353

9. DEFERRED TAXES

Consolidated 6/30/2013 Assets IR / CSLL Allowance for doubtful accounts Provision for profit sharing Provision for labor contingencies Provision for tax contingencies Provision for civil contingencies Regulatory assets and liabilities unrecognized by IFRS Complement Pension Plan - CVM 600 Others Tax losses Social contribution losses Financial asset compensation Derivative financial instruments Deemed cost - Light Energia Gross deferred tax asset/ (liability) Net amounts Net deferred tax asset/ (liability) 173,296 5,019 69,551 70,528 62,791 213,093 106,973 26,763 197,086 73,977 999,077 (165,758) 833,319 Liabilities IR / CSLL (143,225) (22,717) (227,974) (393,916) 165,758 (228,158) Net IR / CSLL 173,296 5,019 69,551 70,528 62,791 213,093 106,973 26,763 197,086 73,977 (143,225) (22,717) (227,974) 605,161 605,161 Assets IR / CSLL 238,440 6,205 64,081 69,728 62,512 143,423 107,021 25,429 201,394 75,528 993,761 (163,728) 830,033 12/31/2012 Restated Liabilities IR / CSLL (138,773) (19,585) (233,275) (391,633) 163,728 (227,905) Net IR / CSLL 238,440 6,205 64,081 69,728 62,512 143,423 107,021 25,429 201,394 75,528 (138,773) (19,585) (233,275) 602,128 602,128

71

Reconciliation of effective and nominal rates in the provision for income tax and social contribution:
Parent Company 4.1 to 6.30 Earnings before income tax and social contribution (LAIR) Nominal income tax and social contribution rate Income tax and social contribution at the tax rates established by the current legislation Effect of income tax and social contribution over permanent additions and exclusions Equity in the earnings (losses) of subsidiaries Unrecognized deferred tax credits - CVM 371/02 - Light S.A. Tax incentives Other Income tax and social contribution on profit or loss Current income and social contribution taxes on profit or loss Deferred income and social contribution taxes on profit or loss Effective income tax and social contribution 2013 58,212 34% (19,792) 17 20,589 (814) 0.0% 2012 39,772 34% (13,522) 11 14,334 (823) 0.0% 2013 84,802 34% (28,833) 2,439 (158) (814) 974 (198) (26,590) (33,286) 6,696 31.4% Consolidated 2012 Restated 51,971 34% (17,670) 5,614 (210) (823) 1,257 (367) (12,199) (32,048) 19,849 23.5%

Parent Company 1.1 to 6.30 Earnings before income tax and social contribution (LAIR) Nominal income tax and social contribution rate Income tax and social contribution at the tax rates established by the current legislation Effect of income tax and social contribution over permanent additions and exclusions Equity in the earnings (losses) of subsidiaries Unrecognized deferred tax credits - CVM 371/02 - Light S.A. Tax incentives Other Income tax and social contribution on profit or loss Current income and social contribution taxes on profit or loss Deferred income and social contribution taxes on profit or loss Effective income tax and social contribution 2013 136,857 34% (46,531) (13) 47,521 (977) 0.0% 2012 179,834 34% (61,144) 62,668 (1,524) 0.0% 2013

Consolidated 2012 Restated 265,686 34% (90,333) 5,039 (72) (1,524) 1,455 (417) (85,852) (61,122) (24,730) 32.3%

206,652 34% (70,262) 1,659 (376) (977) 994 (833) (69,795) (72,828) 3,033 33.8%

On June 30, 2013, Light S.A. had an unrecognized asset balance on accumulated tax losses and social contribution carryforwards amounting to R$38,068, in view of uncertainties regarding its realization. 10. CONCESSIONS FINANCIAL ASSETS These represent the amounts receivable at the end of concession from the granting authority, or any of its agents, by way of compensation for investments made and not recovered through services rendered related to subsidiary Light SESA's concession. The changes in the balances, net of special obligations, related to indemnifiable assets (concession) in the periods are as follows:

72

Balance on December 31, 2012 Additions Expected cash flow ajustment (VNR) Write-offs Balance on June 30, 2013

1,573,349 140,349 13,094 (1,359) 1,725,433

Balance on January 1, 2012 Additions Reclassification of ANEEL Resolution 474/12 Balance on June 30, 2012

656,473 43,206 118,288 817,967

11. OTHER RECEIVABLES

Parent Company CURRENT Advances to suppliers and employees Account receivable from the sale of property Public lighting fee Expenditures to refund Subsidy to low-income segment (a) Subsidy to Economic development council - CDE Other* Total NON-CURRENT Assets and rights for disposal Other Total 6/30/2013 174 4,910 5,084 12/31/2012 158 6,507 6,665

Consolidated 12/31/2012 6/30/2013 Restated 68,802 12,046 54,593 31,983 5,141 26,382 25,201 224,148 45,481 12,046 52,902 27,043 10,275 18,971 166,718

2,147 639 2,786

2,147 639 2,786

* It refers to sundry receivables (a) Grant arising from Decree 7945/13, as described below. Due to the unfavorable hydroelectric conditions since the end of 2012, including low levels in hydroelectric power plants reservoirs, the dispatch of thermal plants is geared at the maximum level and, taking into account the concessionaires exposure in the short-term market, which arises from the allocation of quotas of physical guarantee of electricity and power, associated with the termination of the agreements of the 6th and 7th auctions of new energy due to the revocation of the plants authorization by Aneel, the distributors cost of electricity increased significantly at the end of 2012 and beginning of 2013. Due to this scenario and the fact that distribution concessionaires do not influence such costs, the Brazilian Federal Government issued Decree 7945/13, which

73

establishes the transfer of funds from the Energy Development Account (CDE) to neutralize part of these effects for distributors in the period. The funds covered by CDE transfers totaled R$483,906 by June 30, 2013 and are related to: (i) System Service Charges (ESS) (dispatch out of the order of priority for energy security) in the amount of R$182,444; (ii) Hydrological Risk (Energy Reallocation Mechanism (MRE) of the quotas) in the amount of R$129,835; and (iii) Exposure to the Difference Settlement Price (PLD) limited to the amount not covered by the allocation of quotas, in the amount of R$171,627. According to CPC 07 Government Grants and Assistance, this amount was recognized to offset costs incurred and recorded in CDE Grants, in other accounts receivable, in current assets, against Electricity purchased for resale. Of this amount, the total of R$457,524 was already transferred to the Company by June 30, 2013, remaining R$26,382, transferred up to August 2013.

12. INVESTMENTS

Parent Company Accounted for under the equity method: Light SESA Light Energia Renova Energia S.A * (a) Guanhes Energia S.A * Light Esco LightCom Light Solues Lightger Itaocara Energia (a) Axxiom Amaznia Energia (a) E-Power (a) Subtotal Goodwill on future profitability Other permanent investments Subtotal TOTAL INVESTMENTS (a) Pre-operating companies 6/30/2013 2,219,738 643,845 96,648 15,522 2,065 44,016 24,360 4,748 93,260 132 3,144,334 2,092 2,092 3,146,426 12/31/2012 2,188,815 578,819 108,904 9,017 2,042 41,909 24,567 5,160 69,576 132 3,028,941 2,092 2,092 3,031,033

Consolidated 12/31/2012 6/30/2013 Restated 377,424 71,889 44,016 4,748 93,260 132 591,469 2,092 20,691 22,783 614,252 381,383 36,476 41,909 5,160 69,576 132 534,636 2,092 20,622 22,714 557,350

* Refers to investments calculated based on the adjusted equity for purposes of equity in the earnings (losses) of subsidiaries. Information on subsidiaries (consolidated) and jointly-owned subsidiaries (equity income and proportional balances) are as follows:

74

Parent Company 6/30/2013 Light SESA Light Energia Light Esco LightCom Light Solues Instituto Light Lightger Itaocara Energia Axxiom Amaznia Energia E-Power Ownership interest (%) 100.0 100.0 100.0 100.0 100.0 100.0 51.0 100.0 51.0 25.5 20.0 Paid-up capital 2,082,365 77,422 79,584 4,500 1,350 300 40,408 29,562 4,692 95,226 777 Equity 2,219,738 643,845 96,648 15,522 2,065 44,016 24,360 4,748 93,260 132 Dividends and interest on equity payable (10,000) (270) Dividends and interest on equity paid (23,897) (14,643) Income (loss) for the period 30,923 98,923 6,023 3,420 23 2,107 (207) (412) (483) Total assets 10,860,830 1,976,915 264,680 48,966 3,665 1 111,112 61,667 16,740 93,261 459

Parent Company 12/31/2012 Light SESA Light Energia Light Esco LightCom Light Solues Instituto Light Lightger Itaocara Energia Axxiom Amaznia Energia E-Power Ownership interest (%) 100.0 100.0 100.0 100.0 100.0 100.0 51.0 100.0 51.0 25.5 20.0 Paid-up capital 2,082,365 77,422 79,584 4,500 1,350 300 40,408 29,562 4,692 71,059 777 Equity 2,188,815 578,819 108,904 9,017 2,042 41,909 24,567 5,160 69,576 132 Dividends and interest on equity payable (12,877) (5,028) (972) (63) (270) Dividends and interest on equity paid (282,493) (217,927) (2,102) (1,380) Income (loss) for the period 288,995 133,706 13,715 3,671 904 1,231 1,812 879 (1,288) (494) Total assets 8,968,355 2,399,532 155,789 31,400 2,496 1 112,816 61,344 8,382 69,659 459

Consolidated 6/30/2013 Light Energia Renova Energia Guanhes Energia Lightger Axxiom Amaznia Energia E-Power Ownership interest (%) 22.0 51.0 51.0 51.0 25.5 20.0 Paid-up capital 223,764 26,520 40,408 4,692 95,226 777 Equity 216,538 55,302 44,016 4,748 93,260 132 Capital stock to be paid-up (16,163) Funds allocated to capital increase 30,637 Income (loss) for the period (10,780) 2,107 (412) (483) Total assets 691,868 92,609 111,112 16,740 93,261 459

Consolidated 12/31/2012 Restated Light Energia Renova Energia Guanhes Energia Lightger Axxiom Amaznia Energia E-Power Ownership interest (%) 22.0 51.0 51.0 51.0 25.5 20.0 Paid-up capital 224,168 26,520 40,408 4,692 71,059 777 Equity 218,405 24,709 41,909 5,160 69,576 132 Capital stock to be paid-up (16,163) Funds allocated to capital increase 14,352 Income (loss) for the period 7,230 1,231 879 (1,288) (494) Total assets 589,972 66,966 112,816 8,382 69,659 459

75

Changes in subsidiaries (consolidated) and jointly-owned subsidiaries (equity income) in the periods ended June 30:

12/31/2012

Capital increase

Parent Company Proposed Additional Other Dividends (33,897) (14,643) (3,636) 3,085 1 -

Equity method

6/30/2013

Light SESA Light Energia Light Esco LightCom Light Solues Lightger Itaocara Energia Axxiom Amaznia Energia E-Power

2,188,815 578,819 108,904 9,017 2,042 41,909 24,567 5,160 69,576 132

24,166 -

30,923 98,923 6,023 3,420 23 2,107 (207) (412) (483) -

2,219,738 643,845 96,648 15,522 2,065 44,016 24,360 4,748 93,260 132

12/31/2011

Capital increase

Parent Company Proposed Additional Other Dividends (67,100) (44,847) (1) 1,271 (2) 1 1 1 2

Equity method

6/30/2012

Light SESA Light Energia Light Esco LightCom Lightger Light Solues Itaocara Energia Axxiom Amaznia Energia E-Power

2,314,175 670,064 55,072 5,821 40,678 1,520 23,472 4,427 37,545 140

17,000 486

113,730 62,152 4,511 1,972 (213) (106) 1,173 417 (499) (94)

2,360,804 688,640 76,581 7,794 40,466 1,414 24,645 4,845 37,046 534

Consolidated 12/31/2012 Restated Light Energia Renova Energia Guanhes Energia Lightger Axxiom Amaznia Energia E-Power Capital increase Other Equity method 6/30/2013

381,383 36,476 41,909 5,160 69,576 132

35,413 24,166 -

4 1 -

(3,963) 2,107 (412) (483) -

377,424 71,889 44,016 4,748 93,260 132

Consolidated 1/1/2012 Restated Light Energia Renova Energia Lightger Axxiom Amaznia Energia E-Power Capital increase Other Equity method 6/30/2012 Restated

360,371 40,678 4,427 37,545 140

486

1 1 2

599 (213) 417 (499) (94)

360,970 40,466 4,845 37,046 534

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The full balances of jointly-owned subsidiaries in the period ended June 30, 2013, which were recorded under the equity method, are as follows:

AXXIOM ASSETS Current Cash and cash equivalents Other Non-current Total assets LIABILITIES Current Loans, borrowings and debentures Other Non-current Loans, borrowings and debentures Other Equity Total liabilities STATEMENT OF INCOME Net revenue from sales Cost of sales Gross profit General and management expenses Net financial income Earnings before income tax and social contribution Income tax and social contribution Net income for the year 15,073 (12,228) 2,845 (3,198) (353) (456) (809) 13,248 5,490 7,758 10,265 10,012 253 9,310 32,823 26,363 11,656 14,707 6,460 32,823

E-POWER

AMAZNIA

LIGHTGER

RENOVA

GUANHES

146 31 115 2,149 2,295

129 118 11 365,601 365,730

25,109 19,039 6,070 192,757 217,866

679,046 614,924 64,122 2,467,237 3,146,283

10,200 10,090 110 171,387 181,587

878 878 1,417 2,295 -

6 6 365,724 365,730

18,458 7,874 10,584 113,683 113,683 85,725 217,866

851,437 673,905 177,532 1,310,137 1,299,115 11,022 984,709 3,146,283

1,793 1,793 71,358 68,297 3,061 108,436 181,587

(1,902) 8 (1,894) (1,894)

15,512 (6,409) 9,103 (1,402) (3,570) 4,131 (654) 3,477

107,754 (45,648) 62,106 (26,434) (37,930) (2,258) (4,443) (6,701)

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Consortia

Itaocara Hydroelectric Power Plant Consortium

The Company, through the subsidiary Itaocara Energia, holds a 51% interest in the UHE Itaocara consortium, while Cemig Gerao e Transmisso S.A. Cemig GT holds the other 49.0%. The consortium aims to explore the Itaocara Hydroelectric Power Plant. Assets and liabilities balances referring to the participation in the Consortium are incorporated into the subsidiarys balances. On December 28, 2011, IBAMA granted the preliminary license and on July 29, 2013, Itaocara Hydroelectric Power Plant obtained the installation license allowing the beginning of works. On August 9, 2013, the termination of Itaocara Hydroelectric Power Plants Concession Agreement was requested, as disclosed in Note 35.

Maracan Solar Consortium

The Company, through its subsidiary Light Esco S.A., holds a 51.0% interest in the Maracan Solar consortium, whereas EDF Consultoria em Projetos de Gerao de Energia Eltrica Ltda. EDF Consultoria holds 49% interest. The consortium aims at the development, construction and operation of a photovoltaic plant with capacity of 391 kWp, installed on the top of the Maracan stadium. The construction has been concluded, pending start-up.

gua Limpa Hydroelectric Power Plant Consortium

The Company, through its subsidiary Light Energia S.A., is a party to the gua Limpa Hydroelectric Power Plant Consortium, in the state of Mato Grosso, with a 51% interest, and the other party is Cemig Gerao e Transmisso S.A CEMIG GT, with a 49% interest. The consortiums purpose is to implement, operate, maintain and commercially explore the project. There were no relevant expenses incurred until June 30, 2013.

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13. PROPERTY, PLANT AND EQUIPMENT

Consolidated 6/30/2013 Average annual rate Generation Transmission Distribution Administration Sales In service Generation Administration In progress TOTAL PROPERTY, PLANT AND EQUIPMENT 3.32 7.96 3.32 3.91 10.27 7.96 7.96 Historical cost Accumulated depreciation (1,551,430) (43,062) (28,716) (202,035) (8,810) (1,834,053) Net value 12/31/2012 Restated Net value

2,685,725 57,866 33,022 333,003 14,849 3,124,465 231,343 125,231 356,574

1,134,295 14,804 4,306 130,968 6,039 1,290,412 231,343 125,231 356,574

1,137,982 14,793 4,908 121,059 6,281 1,285,023 210,562 139,670 350,232

3,481,039

(1,834,053)

1,646,986

1,635,255

The statement below summarizes the changes in property, plant and equipment:
Consolidated Balance on 12/31/2012 Restated PROPERTY, PLANT AND EQUIPMENT IN SERVICE Cost Land Reservoir, dams and water mains Buildings, works and improvements Machinery and equipment Vehicles Fixtures and furnishings Total Property, Plant and Equipment in Service - Cost (-) Depreciation Reservoir, dams and water mains Buildings, works and improvements Machinery and equipment Vehicles Fixtures and furnishings Total Property, Plant and Equipment in Service - Depreciation PROPERTY, PLANT AND EQUIPMENT IN PROGRESS Land Reservoir, dams and water mains Buildings, works and improvements Machinery and equipment Vehicles Fixtures and furnishings Studies and projects Total Property, Plant and Equipment in Progress TOTAL PROPERTY, PLANT AND EQUIPMENT 98 94,598 71,213 153,080 777 26,893 3,573 350,232 1,635,255 32 2,502 5,331 40,727 966 209 49,767 13,020 (1,289) (10,219) (1,311) (30,169) (139) (1,515) (72) (43,425) 130 86,881 75,233 163,638 638 26,344 3,710 356,574 1,646,986 104,975 1,250,008 259,008 1,320,849 13,060 136,983 3,084,883 (3,843) (3,843) 10,992 413 32,000 20 43,425 104,975 1,261,000 259,421 1,349,006 13,060 137,003 3,124,465 Aditions Write-offs Transfers to service Balance on 6/30/2013

(794,581) (159,300) (719,720) (12,183) (114,076) (1,799,860)

(10,484) (3,004) (21,025) (210) (2,024) (36,747)

2,554 2,554

(805,065) (162,304) (738,191) (12,393) (116,100) (1,834,053)

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Consolidated Balance on 12/1/2012 Restated PROPERTY, PLANT AND EQUIPMENT IN SERVICE Cost Land Reservoir, dams and water mains Buildings, works and improvements Machinery and equipment Vehicles Fixtures and furnishings Total Property, Plant and Equipment in Service - Cost (-) Depreciation Reservoir, dams and water mains Buildings, works and improvements Machinery and equipment Vehicles Fixtures and furnishings Total Property, Plant and Equipment in Service - Depreciation PROPERTY, PLANT AND EQUIPMENT IN PROGRESS Land Reservoir, dams and water mains Buildings, works and improvements Machinery and equipment Vehicles Fixtures and furnishings Studies and projects Total Property, Plant and Equipment in Progress TOTAL PROPERTY, PLANT AND EQUIPMENT 39 73,782 69,106 82,245 898 28,726 3,851 258,647 1,601,074 21 2,565 4,198 14,939 7,613 29,336 (7,829) (3,315) 104,976 1,254,194 257,466 1,317,059 29,847 134,169 3,097,711 (777,517) (155,822) (688,378) (23,547) (110,020) (1,755,284) 541 541 (10,555) (3,147) (19,609) (972) (3,423) (37,706) (12,525) (12,525) 9,210 9,210 921 921 (921) (921) 104,976 1,254,194 257,466 1,318,521 17,322 134,169 3,086,648 (788,072) (158,969) (707,987) (15,309) (113,443) (1,783,780) Aditions Write-offs Transfers to service Balance on 6/30/2012 Restated

60 76,347 73,304 96,263 898 36,339 3,851 287,062 1,589,930

In the first half of 2013, R$325 (R$222 in the first half of 2012) was carried over to property, plant and equipment as interest capitalization.

(i) Annual depreciation rates: The schedule below summarizes significant depreciation rates, based on the assets estimated useful lives and in line with ANEEL Resolution No. 474, of February 7, 2012:
GENERATION Bus Circuit breaker Buildings Water intake equipment Water intake structure Generator Reservoirs, dams and water mains Local communication system Water turbine % 2.50 3.03 3.33 3.70 2.86 3.33 2.00 6.67 2.50 SALES Buildings Equipment in general Vehicles % 3.33 6.25 14.29 ADMINISTRATION Buildings Equipment in general Vehicles % 3.33 6.25 14.29 TRANSMISSION System conductor Equipment in general System structure Recloser % 2.70 6.25 2.70 4.00

The Company did not identify signs of impairment of its fixed assets. The concession agreements of the hydroelectric power plants and PCHs establish that at the end of each concessions term the granting authority will determine the amount to be indemnified to the subsidiaries, so that Management understands that the value of fixed assets not depreciated at the end of concession will be reimbursed by the granting authority.

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14. INTANGIBLE ASSETS

Consolidated 6/30/2013 Historical cost Intangible assets Concession right of use Other* In service Concession right of use Other* In progress TOTAL INTANGIBLE ASSETS (a) * Basicaly includes software and right of way 6,832,696 563,095 7,395,791 428,199 180,058 608,257 8,004,048 Accumulated amortization (3,788,368) (444,876) (4,233,244) (4,233,244) Net value 3,044,328 118,219 3,162,547 428,199 180,058 608,257 3,770,804 12/31/2012 Restated Net value 2,953,990 97,641 3,051,631 494,691 202,316 697,007 3,748,638

a) Net of special obligations comprising (i) contributions made by the federal government, states, municipalities and consumers, (ii) any unqualified donations (i.e. not subject to any consideration to the benefit of donor), and subsidy intended as investments to be made toward concession of the electric power distribution utility. The balance of special obligations as of June 30, 2013 totaled R$166,488 (R$153,288 as of December 31, 2012). Investments in the distribution network are initially recorded in intangible assets under development, during the construction period. When they are finalized and in compliance with ICPC 01, the investments are divided into two parts (bifurcated), the first of which is recorded in intangible assets in service, related to the amount that will be amortized during the concession term, and the other is transferred to the concessions financial assets and will be received as indemnification at the end of the concession. Intangible assets in progress includes inventories of project materials in the amount of R$113,048 as of June 30, 2013 (R$92,843 as of December 31, 2012), as well as a provision for inventory devaluation in the amount of R$2,104 (R$2,104 as of December 31, 2012). The Company has not identified signs of impairment of its other intangible assets. In the first half of 2013, a total amount of R$8,455 (R$6,680 in the first half of 2012) was carried over to intangible assets as interest capitalization. The infrastructure used by subsidiary Light SESA is associated with the distribution service, and therefore cannot be removed, disposed of, assigned, conveyed, or encumbered as mortgage collateral without the prior written authorization of the granting authority, which authorization, if given, is regulated by Resolution ANEEL No. 20/99.

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Below are the changes in the intangible assets:

Consolidated Balance on 12/31/2012 Restated In Service Concession right of use Other Total Intangible Assets in Service (-) Amortization Concession right of use Other Total Intangible Assets in Service/Depreciation In Progress Concession right of use Other Total Intangible Assets in Progress TOTAL INTANGIBLE ASSETS 6,653,944 525,803 7,179,747 Addtions Writte-offs Transfers between the accounts * Balance on 6/30/2013

(57,709) (57,709)

236,461 37,292 273,753

6,832,696 563,095 7,395,791

(3,699,954) (428,162) (4,128,116)

(138,507) (16,714) (155,221)

50,093 50,093

(3,788,368) (444,876) (4,233,244)

494,691 202,316 697,007 3,748,638

313,098 12,254 325,352 170,131

(7,616)

(379,590) (34,512) (414,102) (140,349)

428,199 180,058 608,257 3,770,804

* * Includes the transfer of R$138,990 to the Concession's Financial Assets from the bifurcation of assets when they begin operating, in accordance with IFRIC 12 / ICPC 01.

Consolidated Balance on 1/1/2012 Restated In Service Concession right of use Other Total Intangible Assets in Service (-) Depreciation Concession right of use Other Total Intangible Assets in Service/Depreciation In Progress Concession right of use Other Total Intangible Assets in Progress TOTAL INTANGIBLE ASSETS 6,216,753 497,394 6,714,147 Additions Write-offs Transfers between the accounts* (175,938) 2,852 (173,086) Balance on 6/30/2012 Restated 6,037,960 500,246 6,538,206

(2,855) (2,855)

(3,458,622) (400,647) (3,859,269)

(119,537) (13,633) (133,170)

2,240 2,240

(3,575,919) (414,280) (3,990,199)

799,364 226,749 1,026,113 3,880,991

193,329 4,258 197,587 64,417

(615)

14,551 (2,959) 11,592 (161,494)

1,007,244 228,048 1,235,292 3,783,299

* Includes reclassification of R$118,288, related to Aneel Resolution 474/12 (see note 10).

It is the responsibility of ANEEL to determine the estimated economic useful lives of each piece of distribution infrastructure assets for pricing purposes, as well as for the purpose of calculating the amount of the relevant compensation payable upon expiration of the concession term. This estimate is revised from time to time, represents the best estimate concerning the assets' useful lives, and is accepted in the market as appropriate for accounting and regulatory purposes. Management understands that amortization of the concession's right of use must be consistent with the return expected on each infrastructure asset, via the applicable rates. Thus, intangible assets are amortized over the expected length of such return, limited to the term of the concession.

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The main amortization rates, based on the assets estimated useful lives, were changed by Aneel Resolution no. 474. In the first quarter of 2012, this change resulted in the reclassification of R$118,288 from intangible assets to financial assets, without changing the other accounting procedures arising from the adoption of IFRIC 12/OCPC 5 Concession Agreements. Below, the main amortization rates, in accordance with ANEEL Resolution No. 474, of February 7, 2012, are as follows:

DISTRIBUTION Bank of capacitors Distribution key System conductor Circuit breaker Buildings System structure Meter Voltage regulator Recloser Transformer

% 6.67 6.67 3.57 3.03 3.33 3.57 6.77 4.35 4.00 4.00

Use of Public Asset (UPA) Pursuant to OCPC 05, generation concession agreements understand that the right and corresponding liability simultaneously rely on concessionaire upon the signature of the concession agreement (authorization), the intangible asset is initially measured at cost (in the instrument of ownership). In case of fixed granting, the cost corresponds to the amount already expensed and to be expensed shall be recognized at present value, as per provisions of the Accounting Pronouncement CPC 12 Fair Value Adjustment. The Company has onerous concession agreement in Itaocara consortium. The balance of UPA recorded under current and non-current liabilities against other payables totaled R$34,483 as of June 30, 2013 (R$33,957 as of December 31, 2012) see Note 22.

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15. TRADE PAYABLES

Parent Company CURRENT Sales within the scope of CCEE Electric network usage charges System service charges Free energy refund to generation companies (a) Electric power auctions Itaipu binational UTE Norte Fluminense Supplies and services Total 6/30/2013 96 96 12/31/2012 458 458

6/30/2013

Consolidated 12/31/2012 Restated 89,607 52,520 2,216 57,790 227,936 118,707 91,978 173,715 814,469

72,301 22,703 2,216 59,819 237,508 112,030 88,995 163,937 759,509

a) Free Energy Reimbursement to Power Generation Companies ANEEL Resolution No. 387 as of December 15, 2009, published on January 12, 2010, concluded the process of calculating the Revenue Loss and Free Energy closing balances after the conclusion of the Extraordinary Tariff Review - RTE, and also determined the amounts of any reimbursement operators should pay each other, as applicable, and payments shall be made on April 9, 2011. However, said reimbursements are suspended according to injunction filed by the Brazilian Association of Electricity Distribution Operators (ABRADEE) on April 7, 2011. The balance was ratified at R$48,985 and the variation, since ratification, resulting from adjustment by SELIC (overnight lending rate) variation amounts to R$10,834. The Companys exposure to credit risks related to suppliers is reported in Note 31.

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16. LOANS, BORROWINGS AND FINANCIAL CHARGES

Current Financing Entity TN - Par Bond TN - Cauo - Par Bond TN - Discount Bond TN - Cauo - Discount Bond TN - C. Bond TN - Bib Merril Lynch BNP Citibank Bank Tokyo TOTAL FOREIGN CURRENCY Eletrobrs CCB Bradesco Capital de Giro - Santander Banco do Brasil BNDES - FINEM BNDES - FINEM direto BNDES - FINEM + 1 BNDES - FINEM direto PSI BNDES - Capex 11/12 Subcred.2 BNDES - Capex 11/12 Subcred.3 BNDES - Capex 11/12 Subcred.4 BNDES - Capex 11/12 Subcred.13 BNDES - Capex 11/12 Subcred.14 BNDES - Capex 11/12 Subcred.17 BNDES - Capex 11/12 Subcred.18 BNDES - Capex 11/12 L.Energia BNDES - PROESCO 1st funding BNDES - PROESCO 2nd funding BNDES - PROESCO 3rd funding BNDES - PROESCO 4th funding BNDES - PROESCO 5th funding BNDES - PROESCO 6th funding BNDES - PROESCO 7th funding BNDES - PROESCO _ SP Market RGR Sundry bank guarantees TOTAL DOMESTIC CURRENCY Overall total Principal 7,330 133 5,539 13,002 509 75,000 82,619 29,651 29,651 12,680 34,989 42,069 42,069 4 4 6,965 230 119 109 457 1,083 103 75 1,338 359,724 372,726 Charges 1,114 208 125 2 345 763 1,280 143 3,980 37 20,211 5,528 3,968 334 301 339 126 479 624 675 79 1 3 7 1 1 14 986 1,746 35,460 39,440 Total 1,114 208 7,455 135 5,884 763 1,280 143 16,982 546 95,211 5,528 3,968 82,953 29,952 29,990 12,806 35,468 42,693 42,744 4 4 7,044 231 119 109 460 1,090 104 76 1,352 986 1,746 395,184 412,166 Consolidated Non-current Principal 86,230 (68,097) 60,169 (47,729) 105,241 100,081 398,808 132,936 767,639 6,282 300,000 80,000 150,000 20,653 84,013 84,013 66,571 166,197 199,830 199,201 1 1 20 20 26,120 192 40 99 762 1,806 283 199 4,461 1,390,764 2,158,403 Total 86,230 (68,097) 60,169 (47,729) 105,241 100,081 398,808 132,936 767,639 6,282 300,000 80,000 150,000 20,653 84,013 84,013 66,571 166,197 199,830 199,201 1 1 20 20 26,120 192 40 99 762 1,806 283 199 4,461 1,390,764 2,158,403 6/30/2013 87,344 (68,097) 60,377 (47,729) 7,455 135 111,125 100,844 400,088 133,079 784,621 6,828 395,211 85,528 153,968 103,606 113,965 114,003 79,377 201,665 242,523 241,945 1 1 24 24 33,164 423 159 208 1,222 2,896 387 275 5,813 986 1,746 1,785,948 2,570,569 Total 12/31/2012 Restated 80,559 (62,424) 55,704 (43,741) 10,313 251 102,505 95,752 369,083 608,002 5,072 380,675 82,133 145,106 128,878 128,925 85,738 205,487 233,415 218,932 1 1 25 25 26,639 539 219 264 1,452 3,440 438 313 6,486 246 980 1,655,429 2,263,431

85

The chart below shows the contractual terms and conditions applicable to our loans and borrowings as of June 30, 2013:
Principal Amortization Financing Entity TN - Par Bond TN - Cauo - Par Bond TN - Discount Bond TN - Cauo- Discount Bond TN - C. Bond TN - Bib Merril Lynch BNP Citibank - SESA Citibank - Energia Bank Tokyo Banco do Brasil Eletrobrs CCB Bradesco Capital de Giro - Santander BNDES - FINEM BNDES - FINEM direto BNDES - FINEM +1 BNDES - FINEM direto PSI BNDES - Capex 11/12 Subcred.2 BNDES - Capex 11/12 Subcred.3 BNDES - Capex 11/12 Subcred.4 BNDES - Capex 11/12 Subcred.13 BNDES - Capex 11/12 Subcred.14 BNDES - Capex 11/12 Subcred.17 BNDES - Capex 11/12 Subcred.18 BNDES - Capex 11/12 L.Energia BNDES - PROESCO 1st funding BNDES - PROESCO 2nd funding BNDES - PROESCO 3rd funding BNDES - PROESCO 4th funding BNDES - PROESCO 5th funding BNDES - PROESCO 6th funding BNDES - PROESCO 7th funding BNDES - PROESCO SP_Market Date of signature 4/29/1996 4/29/1996 4/29/1996 4/29/1996 4/29/1996 4/26/1996 11/7/2011 10/17/2011 8/23/2012 10/2/2012 3/8/2013 2/25/2013 Several 10/18/2007 9/3/2010 11/5/2007 11/30/2009 11/30/2009 11/30/2009 12/6/2011 12/6/2011 12/6/2011 12/6/2011 12/6/2011 12/6/2011 12/6/2011 4/10/2012 9/16/2008 4/17/2009 4/12/2010 9/15/2010 11/16/2010 7/29/2011 9/27/2011 1/19/2012 Currency US$ US$ US$ US$ US$ US$ US$ EURO US$ US$ US$ R$ R$ R$ R$ URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP URTJLP Interest Rate p.a. 6.00% U$ Treasury Libor6M + 0.8125 U$ Treasury 8.00% 6.00% 2.44% 3.98% 1.95% 1.88% 2.04% 109.3% of CDI 5.00% CDI + 0.85 CDI + 1.4 TJLP + 4.3 TJLP + 2.58 TJLP + 3.58 4.5% TJLP + 1.81 TJLP + 2.21 TJLP + 3.21 TJLP + 2.21 TJLP + 3.21 TJLP + 2.21 TJLP + 3.21 TJLP + 1.81 TJLP + 2.51 TJLP + 2.5 TJLP + 2.18 TJLP + 2.05 TJLP + 2.05 TJLP + 1.81 TJLP + 1.81 TJLP + 1.81 Effective Rate 6.00% 1.44% 8.00% 6.00% 2.44% 3.98% 1.95% 1.88% 2.04% 8.44% 5.00% 8.64% 9.23% 9.30% 7.58% 8.58% 4.50% 6.81% 7.21% 8.21% 7.21% 8.21% 7.21% 8.21% 6.81% 7.51% 7.50% 7.18% 7.05% 7.05% 6.81% 6.81% 6.81% Beginning 2024 2024 2024 2024 2004 1999 2014 2014 2017 2017 2016 2017 1988 2012 2014 2009 2011 2011 2011 2013 2013 2013 2013 2013 2013 2013 2013 2009 2009 2010 2011 2011 2012 2012 2012 Payment Lump sum Lump sum Lump sum Lump sum Half-yearly Half-yearly Half-yearly Lump sum Half-yearly Half-yearly Lump sum Lump sum Monthly and Quarterly Annual Lump sum Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly Monthly End 2024 2024 2024 2024 2014 2013 2016 2014 2017 2017 2016 2017 2019 2017 2014 2014 2017 2017 2019 2019 2019 2019 2019 2019 2019 2019 2018 2015 2014 2015 2016 2016 2017 2017 2017

On February 25, 2013, the Company raised R$150,000 through Commercial Credit Notes (CCN) with Banco do Brasil for working capital purposes. On March 11, 2013, the Company raised R$116,880 with Bank Tokyo-Mitsubishi for working capital purposes. On May 15, 2013, the subsidiary Light SESA conducted its 2nd issue of Commercial Promissory Notes totaling R$500,000. Despite the 180-day maturity of promissory notes, except for early maturity or total redemption as set forth in the agreement, they were paid on June 28, 2013, when R$1,600,000 was raised from the 9th issue of debentures of subsidiary Light SESA, as disclosed in Note 17. On May 23, 2013, the total of R$56,431 was received, referring to the 2011/2012 BNDES borrowing agreement of the subsidiary Light SESA. In addition to the collaterals indicated above, loans are guaranteed by receivables in the approximate amount of R$76,753 (R$103,333 as of December 31, 2012). The Company has available credit facilities totaling R$350,000.

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The principal of consolidated loans and borrowings, classified in non-current liabilities, matures as follows (excluding financial charges) in the period ended June 30, 2013:

Local currency 2014 2015 2016 2017 2018 2018 onwards Total 276,778 277,477 276,070 385,789 134,657 39,993 1,390,764

Consolidated Foreign currency 122,791 42,650 172,817 265,872 132,936 30,573 767,639

Total 399,569 320,127 448,887 651,661 267,593 70,566 2,158,403

Below, the consolidated loans and borrowings breakdown for the periods:
Balance on December 31, 2012 - Restated Loans and borrowings obtained Monetary and exchange rate variations Financial charges provisioned Financial charges paid Amortization of borrowings Amortization of transaction costs Financial charges capitalized to principal Charges capitalized to intangible assets/ property, plant and equipment Balance on June 30, 2013 Principal 2,247,233 833,523 62,892 (612,724) 125 80 2,531,129
Principal Balance on January 1, 2012 - Restated Monetary and exchange rate variations Financial charges provisioned Financial charges paid Amortization of borrowings Amortization of transaction costs Financial charges capitalized to principal Charges capitalized to intangible assets/ property, plant and equipment Balance on June 30, 2012 - Restated 1,851,370 15,935 (84,143) (921) 1,782,241

Charges 16,198 101,575 (69,473) (80) (8,780) 39,440

Charges 20,638 88,289 (54,069) (6,901) 47,957

Total 2,263,431 833,523 62,892 101,575 (69,473) (612,724) 125 (8,780) 2,570,569
Total 1,872,008 15,935 88,289 (54,069) (84,143) (921) (6,901) 1,830,198

Total principal amount is stated net of loans-related costs - BNDES, as provided for in CVM Resolution No. 556/08, which approved technical pronouncement CPC 08 Transaction Costs and Premium on the Issue of Marketable Securities. The Companys exposure to interest rate, foreign currency and liquidity risks related to loans and borrowings is reported in Note 31.
87

Covenants Bradescos bank credit certificates, loans with Banco Santander and with BNDES, classified as current and non-current, requires that the Company maintain certain debt ratios and covenants. In the second quarter of 2013, the Company was in conformity with all required debt covenants.

17. DEBENTURES AND FINANCIAL CHARGES

Current Financing Entity Principal 21 157,007 157,028 Charges 2,573 8,892 2,899 3,343 12,558 185 30,450 Total 21 159,580 8,892 2,899 3,343 12,558 185 187,478

Consolidated Non-current Principal 18 648,918 469,602 1,000,000 600,000 171,322 423,537 29,850 3,343,247 Total 18 648,918 469,602 1,000,000 600,000 171,322 423,537 29,850 3,343,247 6/30/2013

Total 12/31/2012 Restated 49 204,778 656,574 472,242 174,453 435,944 30,014 1,974,054

Debentures 4th Issue (Light SESA) Debentures 5th Issue (Light SESA) Debentures 7th Issue (Light SESA) Debentures 8th Issue (Light SESA) Debentures 9th Issue Series A (Light SESA) Debentures 9th Issue Series B (Light SESA) Debentures 1st Issue (Light Energia) Debentures 2nd Issue (Light Energia) Debentures 3rd Issue (Light Energia) Total Local Currency

39 159,580 657,810 472,501 1,000,000 600,000 174,665 436,095 30,035 3,530,725

Below, contractual conditions of debentures on a consolidated basis in the quarter ended June 30, 2013:
Principal amortization Financing Entity Debentures 4th Issue (Light SESA) Debentures 5th Issue (Light SESA) Debentures 7th Issue (Light SESA) Debentures 8th Issue (Light SESA) Debentures 9th Issue Series A (Light SESA) Debentures 9th Issue Series B (Light SESA) Debentures 1st Issue (Light Energia) Debentures 2nd Issue (Light Energia) Debentures 3rd Issue (Light Energia) Date of signature 6/30/2005 1/22/2007 5/2/2011 8/24/2012 6/15/2013 6/15/2013 4/10/2011 12/29/2011 8/24/2012 Currency TJLP CDI CDI CDI CDI IPCA CDI CDI CDI Interest rate p.a TJLP + 4% CDI + 1.50% CDI + 1.35% CDI + 1.18% CDI + 1.15% IPCA + 5.74% CDI + 1.45% CDI + 1.18% CDI + 1.18%
Effective Rate

Beginning 2009 2012 2015 2015 2018 2020 2015 2016 2015

Payment Monthly Quarterly Annual Annual Half-yearly Half-yearly Annual Annual Annual

Expiration 2015 2014 2016 2026 2021 2023 2016 2019 2026

9.00% 9.34% 9.17% 8.99% 8.96% 10.53% 9.28% 8.99% 8.99%

On June 28, 2013, Light SESA conducted its 9th issue of unsecured, non-convertible debentures in two series, amounting to R$1,600,000. Total principal amount is reported net of debentures issue costs, as provided for in CVM Resolution No. 556/08, which approved the technical pronouncement CPC 08 Transaction Costs and Premium on the Issue of Marketable Securities.

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Installments related to principal of debentures, classified in non-current liabilities, have the following maturities (financial charges not included) in the period ended June 30, 2013:
6/30/2013 2014 2015 2016 2017 2018 2018 onwards Total 10 452,512 558,358 147,669 395,808 1,788,890 3,343,247

Below, debentures breakdown on a consolidated basis in the periods:

Principal Balance on December 31, 2012 - Restated Debentures issued Financial charges provisioned Financial charges paid Amortization of debentures Amortization of transaction costs Balance on June 30, 2013 1,944,302 1,600,000 (45,412) 1,385 3,500,275 Charges 29,752 78,475 (77,777) 30,450 Total 1,974,054 1,600,000 78,475 (77,777) (45,412) 1,385 3,530,725

Principal Balance on January 1, 2012 Financial charges provisioned Financial charges paid Amortization of debentures Transaction costs Balance on June 30, 2012 1,969,973 (90,812) 1,461 1,880,622

Charges 33,899 101,527 (94,644) 40,782

Total 2,003,872 101,527 (94,644) (90,812) 1,461 1,921,404

The Companys exposure to interest rate, foreign currency and liquidity risks related to debentures is reported in Note 31. Covenants The 5th, 7th, 8th and 9th issue of debentures of the subsidiary Light SESA and the 1st, 2nd and 3rd issue of debentures of the subsidiary Light Energia require the maintenance of indebtedness indexes and coverage of interest rates. In the second quarter of 2013, the Company complied with all the covenants required.

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18. REGULATORY CHARGES

CURRENT Fuel usage account quota CCC Energy development account quota CDE Global reversal reserve quota RGR Charges for capacity and emergency acquisition Total Consolidated 6/30/2013 12/31/2012 5,909 678 54,807 61,394 27,308 21,029 7,249 56,130 111,716

19. PROVISIONS The Company and its subsidiaries are parties in tax, labor and civil lawsuits and regulatory proceedings in several courts. Management periodically assesses the risks of contingencies related to these proceedings, and based on the legal counsels opinion it records a provision when unfavorable decisions are probable and whose amounts are quantifiable. Below is the breakdown of provisions and changes in the first half of 2013:
NON-CURRENT Labor Balance on December 31, 2012 - Restated Additions Adjustments Write-offs/payments Write-offs/reversals Balance on June 30, 2013 Escrow deposits Balance on June 30, 2013
(*)

Consolidated Civil 183,859 26,409 7,144 (28,545) (4,187) 184,680 Tax 197,032 1,704 18,981 217,717 Other 23,179 1,097 3,330 (7,050) (1,104) 19,452 Total 583,152 33,480 29,455 (37,846) (7,831) 600,410

179,082 4,270 (2,251) (2,540) 178,561

36,655

5,745

3,622

46,022

* The total amount of R$233,316 is recorded under escrow deposits as of June 30, 2013 (R$224,073 as of December 31, 2012), of which R$46,022 (R$50,911 on December 31, 2012) refer to claims with recorded provision. Other deposits are basically related to labor, civil and tax claims. The changes in provisions in the first half of 2012 are as follows:
NON-CURRENT Labor Balance on December 31, 2011 Additions Adjustments Write-offs/payments Write-offs/reversals Balance on June 30, 2012 Escrow deposits Balance on June 30, 2012 150,121 5,975 (12,495) (10,863) 132,738 47,140 Civil 163,572 30,524 6,867 (25,707) 175,256 9,342 Consolidated Tax 186,478 7,515 193,993 4,375 Other 15,507 12,861 1,471 29,839 Total 515,678 49,360 15,853 (38,202) (10,863) 531,826 60,857

Provision for labor proceedings: These labor proceedings mainly involve the following matters: overtime; hazardous work wage premium; equal pay; pain and suffering, difference of 40% fine of FGTS

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(Government Severance Indemnity Fund for Employees) derived from the adjustment due to understated inflation and occupational accident civil liability. Provision for civil proceedings:

Civil

Accrued Value (probable loss) 6/30/2013 12/31/2012 117,620 17,142 49,097 183,859

Civil proceedings (a) Special civil court (b) "Cruzado" Plan Total

109,516 19,587 55,577 184,680

a) The Provision for civil proceedings comprises lawsuits in which the Company and its subsidiaries are defendants and it is probable the claim will result in a loss in the opinion of the respective attorneys. The claims mainly involve alleged moral and property damage due to the Companys ostensive behavior fighting irregularities in the network, as well as consumers challenging the amounts paid. b) Lawsuits in the Special Civil Court are mostly related to matters regarding consumer relations, such as improper collection, undue power cut, power cut due to delinquency, network problems, various irregularities, bill complaints, meter complaints and problems with ownership transfer. There is a limit of 40 minimum monthly wages for claims under procedural progress at the Special Civil Court. Accruals are based on the separation of the six main reasons for complaints for the Company and its subsidiaries which represent 78.3% of the lawsuits filed; a block with all the reasons related to accidents; and a block for Other Reasons. For the six main offenders and other reasons block, an adjusted average is used considering 95% of the sample i.e. excluding the 2.5% highest and lowest amounts - the average of the last 12 months of condemnation amount. And, in the case of the accident block, the average of the last 12 months of condemnation amount is considered. Provision for tax proceedings:
Tax Accrued Value (probable loss) 6/30/2013 INSS tax deficiency notice INSS quarterly ICMS (a) Other Total 44,988 25,222 130,756 16,751 217,717 12/31/2012 44,378 24,823 112,898 14,933 197,032

a) The provision recorded mainly refers to litigation on the application of State Law 3,188/99, which restricted the appropriation of ICMS credits incurred on the acquisition of assets destined to fixed assets, requiring that credit occur by
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installments, while this restriction was not provided for in the Supplementary Law 87/96. Other Provisions: The Company will now discuss regulatory contingencies of its subsidiaries in connection with administrative issues pending with ANEEL:

Deficiency Notice Aneel No. 071/2011 - SFE This deficiency notice was issued on November 30, 2011 under the argument that any failure to comply with Module 8 PRODIST (Procedures for the Distribution of Electric Power at the National Electric System), more specifically referring to the process of data collection and calculation of individual and collective continuity indicators, as well as financial indemnity owed to consumers whose individual continuity indicators were infringed. Aneel applied a fine in the relevant amount of R$17,719. Subsidiary Light SESA filed an appeal on February 6, 2012, in view of excessive penalty applied, contesting among the facts, lack of reasoning and proportionality of dosimetry applied when calculating the fine. In view of the maintenance of excessive penalty applied and the chances of partial success of appeal filed, Light SESA accrued R$6,063 (R$5,857 as of December 31, 2012), through report of its legal counsels and awaits decision of Aneel; Deficiency Notice ANEEL No. 102/2012-SFE (proceeding 48500.005091/201126). The Deficiency Notice was received by the subsidiary Light SESA on June 28, 2012, under the allegation of non-compliance detected by Aneel in August 2011 through an inspection of the subsidiary's underground network. The fine is R$7,438. The appeal was sent by Light SESA on July 6, 2012 and the fine was upheld by Aneel. Light SESA paid the fine on May 2, 2013.

20. CONTINGENCIES The Company is a party to lawsuits that Management believes that risk of loss is less than probable, based on the opinion of its legal counsels. Therefore, no provision was established. Contingencies with possible loss are broken down as follows:
Consolidated Nature Civil Labor Tax Total 6/30/2013 Number of Balance proceedings 221,184 272,715 3,467,100 3,960,999 13,894 1,084 420 15,398 12/31/2012 Number of Balance proceedings 204,902 291,575 3,268,200 3,764,677 13,792 1,072 213 15,077

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The main reasons for litigations are listed below: a) Civil

Irregularities Subsidiary Light SESA has several lawsuits where irregularities are discussed, arising from commercial losses due to irregular connections, clandestine connections, meters alteration and equipment theft, known in Portuguese as gatos. Most of the litigations are based on the evidence of irregularity and amounts charged by the concessionaire in view of such evidence. The amount currently assessed represented by these claims is R$41,819 (R$45,154 as of December 31, 2012). Amounts charged and bills Many litigations are currently in progress and discuss amounts charged by the subsidiary Light SESA for services provided, such as demand amounts, consumption amounts, financial charges, rates, insurances, among other. The amount currently assessed represented by these claims is R$36,013 (R$34,148 as of December 31, 2012). Accidents Subsidiary Light SESA is defendant in lawsuits filed by victims and/or their successors, regarding accidents with Lights electric power grid and/or service provision for several causes. The amount currently assessed represented by these claims is R$27,903 (R$24,475 as of December 31, 2012). Discontinuance and suspension There are several lawsuits in progress to discuss service discontinuance, whether by fortuitous cases or events of force majeure, or for purposes of intervention in the electrical system, among other reasons, and also service suspension, whether for indebtedness, denied access or meters replacement, among other facts for suspension. The amount currently assessed represented by these claims is R$29,804 (R$15,218 as of December 31, 2012). Equipment and network Subsidiary Light SESA has litigations due to electronic meters used to measure energy consumption. Litigations address several themes, such as meter functionality, approval by metrological agency, among others and, also, litigations about its network, due to its extension, removal or even financial contribution of the client to install the network. The amount currently assessed represented by these claims is R$7,673 (R$7,434 as of December 31, 2012). Regarding civil litigations, we point out the lawsuit filed in the first quarter of 2012 by Companhia Siderrgica Nacional - CSN against subsidiary Light SESA, where CSN claims approximately R$100,000 as indemnity for service discontinuance occurred at its Consumer Unit of Volta Redonda. We point out that out of amount claimed, R$88,000 only refer to the service discontinuance occurred on November 10, 2009, affecting 40% of Brazilian territory and over 90% of Paraguay, which only evidences that causes go beyond Light SESAs scope of operation, as electric power distribution company. Moreover, the ONS report concluded that the origin and causes of this service discontinuance was Furnas responsibility. Thus, the Companys exposure to risk is R$35,531 (R$35,531 as of December 31, 2012).

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b) Tax

ICMS Commercial Losses (Tax Deficiency Notices Nos. 03326780-8, 04011949-7, 03.326.784-0 and 04.028.752-6) - These refer to tax deficiency notices aiming at collecting ICMS, Government Fund to Combat Poverty FECP and penalty (from Jan/1999 to Dec/2003 and Jan/2006 to Dec/2010) as Light SESA failed to pay deferred ICMS and FECP in operations preceding the distribution of electric power, i.e., in operations carried out between generation and distribution company, in view of commercial losses. The subsidiary Light SESA objected these tax assessments. Two tax deficiency notices are pending judgment in the trial court and the other two are awaiting notices regarding the unfavorable decisions in the trial court. The amount currently assessed represented by these claims as of June 30, 2013 is R$1,325,200 (R$1,273,200 as of December 31, 2012). IRRF (withholding income tax) over dividends (Proceedings 16682.721195/2011-02 and 16682.720657/2012-47) In 2011, the subsidiary Light SESA received a tax deficiency notice aiming the collection of withholding income tax (IRRF) over amounts paid by the Company in 2007 as dividends, under the allegation that these derived from no profit, originated from recording of deferred tax assets in the income statement, then, characterized as payments without cause subject to tax levy. In view of absolute regular standing of accounting, corporate and tax procedures adopted, the Company filed an objection, which was deemed groundless. The Company filed a Voluntary Appeal, which is pending judgment. On July 6, 2012, Light SESA received another tax deficiency notice on this matter, now concerning the amounts paid in 2008, against which submitted a statement of discontentment, under the alleged defense of previous deficiency notice, which was dismissed. The Voluntary Appeal is pending judgment. The amount currently assessed represented by the first deficiency notice as of June 30, 2013 is R$368,000 (R$362,500 as of December 31, 2012), while the amount for the second deficiency notice is R$230,800 (R$227,200 as of December 31, 2012). LIR/LOI - IRPJ/CSLL (Proceedings 16682.720216/2010-83, 15374001.757/2008-13 and 16682.721091/2011-90) Light SESA filed a writ of mandamus mainly discussing the taxation of profit of the subsidiaries LIR and LOI abroad, more specifically, it advocated that income tax and social contribution should be levied on profit only, not on equity in the earnings of subsidiaries (a broader concept that includes exchange variations as provided for by IN 213/02). The decision was unfavorable to the Company and, subsequently, due to Refis, the Company fully waived the right claimed in the proceeding. Accordingly, the procedure has been changed to tax equity in the earnings of subsidiaries, in accordance with the decision of the writ of mandamus. Tax authorities disagreed with this procedure and issued a deficiency notice to Light SESA for the fiscal years 2004 to 2008, requiring taxation on profit only. For 2004, a tax foreclosure case has been filed and is pending judgment of the motion to stay execution. For the amounts relating to 2005 to 2008, the Company is awaiting the decision of the Voluntary Appeals by the Administrative Tax Appeals Council (CARF). The amount totaled R$433,600 as of June 30, 2013 (R$426,116 on December 31, 2012).

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Normative Instruction (NI) No. 86 (Proceeding 10707000751/2007-15 - (2003 through 2005) - This deficiency notice was issued to assess a fine on the Company for alleged failure to make electronic filings as required by NI. No. 86/2001, for calendar years 2003 through 2005. The voluntary appeal filed by subsidiary Light SESA was dismissed, upon which a special appeal was filed and also deemed groundless. Motion for clarification of judgment is pending. The amount currently assessed represented by this claim as of June 30, 2013 is R$300,100 (R$294,400 as of December 31, 2012). Inspection Fee for Occupancy and Permanence in Zones, Routes and Public Areas (TFOP) The subsidiary Light SESA has several lawsuits discussing TFOP, levied by the municipality of Barra Mansa. Light SESA filed motion to dismiss the execution of these lawsuits and at the Federal Supreme Court STF, obtained injunction sentencing the suspension of collections until judgment of Extraordinary Appeal n 640286. The amount currently assessed represented by this claim, including the new proceedings, is R$256,497 as of June 30, 2013 (R$179,309 as of December 31, 2012). ICMS Rheem (Proceeding E-04/892.090/99) - This is a tax deficiency notice to collect ICMS (State VAT), in view of subsidiary Light SESA's utilization of ICMS accumulated credits of Rheem Embalagens Ltda. to acquire inputs and raw material in the state of Rio de Janeiro. Objection was deemed groundless. Voluntary Appeal was filed which was rejected. Light's appeal is pending judgment. The amount currently assessed represented by this claim as of June 30, 2013 is R$145,900 (R$137,932 as of December 31, 2012). ICMS on low-income subsidy (Proceedings E-34/059.150/2004 and E04/054.753/2011) - Tax Deficiency Notices drawn up to charge ICMS (State VAT) on amounts of economic subsidy relating to low-income consumers of electric power arising from Global Reversal Reserve Funding. In the first case, Light SESA's objection was deemed groundless. An appeal was lodged by subsidiary Light SESA with the Taxpayers Council, which decided this appeal shall return to the administrative lower court so that the inspection authority would provide more information on the tax deficiency notice issued. In the second case, the Company filed an objection, which was deemed groundless. An appeal was lodged with the Taxpayers Council, which also decided that this case shall return to the inspection authority for further information. As of June 30, 2013, the amount represented by the first claim is R$96,000 (R$88,600 as of December 31, 2012) and the second claim is R$35,100 (R$32,200 on December, 31, 2012).

c) Labor The main labor claims involve: equal pay and related accretions, overtime and related accretions, occupational accident, risk premium difference and pain and suffering.

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Each claim is detailed below:

Equal pay and related accretions the claimants intend to receive wage differences alleging that they exercise or exercised activities identical to other employees or former employees activities, with the same productivity and technical perfection, but they received different wages. The amount currently assessed represented by this claim is R$22,456 (R$24,321 on December 31, 2012). Overtime and related accretions the claimants intend to receive overtime pay, alleging that they performed their activities beyond standard working hours and overtime has not been paid or offset. The amount currently assessed represented by this claim is R$64,031 (R$58,617 on December 31, 2012). Occupational accident employees/former employees or service providers involved in occupational accidents attribute responsibility to Light, claiming indemnifications and life annuity. The amount currently assessed represented by this claim is R$12,224 (R$14,690 on December 31, 2012). Risk premium difference in the past, the Company used to pay a 30% difference of base salary up to April 2012, as per 2011/2012 Collective Bargaining Agreement. The amount currently assessed represented by this claim is R$57,631 (R$72,776 on December 31, 2012). Pain and suffering claim based on several grounds: persecution, moral harassment, lack of security (operations in risk area) and others. The amount currently assessed represented by this claim is R$32,345 (R$35,547 on December 31, 2012).

Below, we point out lawsuits in progress, whose chances of losses are remote, with relevant amounts under dispute, which, in case of unfavorable decision, may impact the Company, its subsidiaries and jointly-owned subsidiaries:

PASEP/PIS (Proceeding 15374002130/2006-18) It refers to the Offset Disallowance made by the Company of PASEP credits with PIS debts. The Companys objection was deemed groundless. Voluntary Appeal was filed. CARF rendered decision sentencing the case should remand to the lower court to determine the credit in dispute. The amount currently assessed represented by this claim as of June 30, 2013 is R$268,700 (R$265,900 as of December 31, 2012). IRRF - Disallowance of tax offset - LIR/LOI (Proceeding 10768.002.435/200411) - There is no confirmation from Brazilian Tax Authority regarding the tax offsets related to withholding income tax credits on financial investments and withholding income tax credits on the payment of energy accounts by government bodies, offset due to outstanding balance of Corporate Income Tax in the reference year of 2002. The motion to disagree filed by Light SESA subsidiary was deemed groundless. The voluntary appeal lodged by Light SESA is pending judgment. This lawsuit was assessed by legal counsels as probable loss; however, in view of the favorable decision received in August 2012 referring to the proceeding 18471002113/2004-09, which directly impacts this
96

case, the legal counsels changed the chances of losses to remote. The amount assessed represented by this claim as of June 30, 2013 is R$207,900 (R$204,800 as of December 31, 2012).

21. POST-EMPLOYMENT BENEFITS Below, a summary of the Company's liabilities involving pension plan benefits as stated on its statement of financial position:
6/30/2013 Current Contractual debt with pension fund Supplementary actuarial liabilities - CVM 600 Other Total 117,296 1,410 118,706 Non-current 949,336 314,768 1,264,104 Total 1,066,632 314,768 1,410 1,382,810 Current 114,835 1,272 116,107 12/31/2012 Non-current 939,863 314,768 1,254,631 Total 1,054,698 314,768 1,272 1,370,738

Below, contractual liabilities breakdown in 2013:

Total Consolidated 1,054,698 (57,922) 69,856 1,066,632 Current 114,835 (57,922) 41,654 18,729 117,296 Non-current 939,863 28,202 (18,729) 949,336

Balance on December 31, 2012 Amortizations in the period Restatements in the period Transfer to current Balance on June 30, 2013

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22. OTHER PAYABLES

Parent Company CURRENT 6/30/2013 2,835 2,835 12/31/2012 3,514 3,514 Consolidated 12/31/2012 6/30/2013 Restated 1,549 4,164 2,773 505 55,601 23,995 51,105 35,265 36,006 210,963 1,818 4,036 3,013 986 47,186 22,875 61,080 3,193 46,546 190,733

Advances from clients Compensation for use of water resources Energy Research Company EPE National Scientific and Technological Development Fund FNDCT Energy Efficiency Program PEE Research and Development Program R&D Public lighting fee (b) Advance to CDE transfer (a) Use of public asset - UBP Other* Total NON-CURRENT Provision for success fees Reversal reserve Use of public asset - UBP Other Total

(a)

901 901

901 901

23,061 70,320 34,483 5,772 133,636

22,877 69,933 30,764 5,788 129,362

* Refers to other sundry debits

a) In accordance with Concession Agreement No. 12/2001 dated March 15, 2001, which governs the development of the potential hydroelectric power of the Paraba do Sul river in the municipalities of Itaocara and Aperib, subsidiary Itaocara Energia Ltda. shall pay to the federal government, by way of a fee owing to use of a public asset, as of the start-up date (scheduled for 2015) and until the concession expires or while the potential hydroelectric power is explored, monthly installments equal to one twelfth (1/12) of the proposed annual payment of R$2,017, duly escalated against the variation of the IGP-M, or any other index as shall replace the former. The corresponding entry to liability escalation is being recognized as an intangible asset during the construction phase, without any impact on results. Following start-up, the escalation will be recognized directly in the income statement (see Note 14). In June 2012, an injunction was granted suspending the payments for the Use of Public Assets. Thus, the Company understands that the amount must be fully recorded under non-current liabilities. b) On May 29, 2013, the Decree No. 8020 was published, granting the anticipated transfer of CDE funds to cover discounts on tariffs for some consumer classes, referring to period from May to November 2013. Thus, on June 3, 2013, a total of R$49,371 was transferred, of which R$14,106, referring to the months of May and June, were recorded in income statement, and R$35,265, referring to the months of July through November, were recorded under liabilities as Anticipation of CDE Transfer, and will be recognized in income statement in accordance with the reference month.

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23. RELATED-PARTY TRANSACTIONS On June 30, 2013, Light S.A. pertained to the controlling group Companhia Energtica de Minas Gerais CEMIG, Luce Empreendimentos e Participaes S.A. and Rio Minas Energia Participaes S.A (RME) company controlled by Redentor Energia S.A. Interest in subsidiaries and jointly-owned subsidiaries is outlined in Note 2. Below, a summary of related-party transactions occurred in the periods ended 2013 and 2012:
CONSOLIDATED Groups Balance Sheet Contracts with the same group (Agreement objectives and characteristics) Strategic agreement Supplier x Customer Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Sale agreement of electric power between Light Energia and CEMIG Strategic agreement Collection of distribution system usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG Pension Plan Fundao de Seguridade Social (Social Security Foundation) - BRASLIGHT Relationship with Light S.A. CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) 6,611 8,906 25,252 38,818 ASSET 6/30/2013 12/31/2012 LIABILITY 6/30/2013 12/31/2012 REVENUE 6/30/2013 6/30/2012 EXPENDITURE 6/30/2013 6/30/2012

Supplier x Customer

204

259

505

738

Supplier x Customer

709

2,495

3,083

10,151

Supplier x Customer

196

163

578

1,068

Supplier x Customer

350

1,614

1,567

7,605

Supplier x Customer

10

12

62

72

Post-employment Benefit

BRASLIGHT

1,382,810

1,370,738

69,856

60,226

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Below, a summary of agreements executed with related parties:

Maturity Groups Balance Sheet Supplier x Customer Contracts with the same group (Agreement objectives and characteristics) Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Sale agreement of electric power between Light Energia and CEMIG Strategic agreement Collection of distribution system usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG Pension Plan Fundao de Seguridade Social (Social Security Foundation) - BRASLIGHT Relationship with Light S.A. CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) CEMIG (party of the controlling group) Original amount 614,049 Date date or term Conditions of termination or expiration 30% of remaining balance 30% of remaining balance Remaining balance 6/30/2013 267,003 Agreements conditions Price established in the regulated market Price established in the regulated market

Jan / 2006

Dec / 2038

Supplier x Customer

37,600

Jan / 2010

Dec / 2039

57,874

Supplier x Customer

156,239

Jan / 2005

Dec / 2013

N/A

1,981

Price established in the regulated market

Supplier x Customer

Nov / 2003

N/A

196

Price established in the regulated market

Supplier x Customer

Dec / 2002

N/A

350

Price established in the regulated market

Supplier x Customer

Dec / 2002

N/A

10

Price established in the regulated market

Post-employment benefit

BRASLIGHT

535,052

Jun / 2001

Jun / 2026

N/A

1,382,810

IPCA+ 6% p.a

The subsidiary Light Energia has a purchase contract of 400 MW of installed power capacity from the portfolio projects of its jointly-owned subsidiary Renova Energia S.A., and 200 MW will be made available from 2015 to 2035 and 200 MW from 2016 to 2036. Related-party transactions have been executed in accordance with the agreements between the parties.

MANAGEMENT REMUNERATION Policy regarding remuneration of the Board of Directors, Executive Board, Fiscal Council and board committees (consolidated). Pro-rata share of each component to the aggregate remuneration for the first half of 2013.
Board of Directors Fixed Compensation: Board of Executive Officers Fixed Compensation: Variable Compensation: Other: Fiscal Council Fixed Compensation:

100% 52% 42% 6% 100%

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Remuneration paid by the Company to the Board of Directors, Executive Board, and Fiscal Council in the first half of 2013:

2013 Number of members (*) Fixed compensation for the year Salary or compensation for management services rendered Direct and indirect benefits Others
(1)

Board of Directors 21.3 812 677 135 812

Fiscal Council 10.0 330 275 55 330

Statutory Board of Executive Offcers 8.0 4,823 2,630 417 1,776 3,844 3,182 662 531 9,198

Total 39.3 5,965 3,582 417 1,966 3,844 3,182 662 531 10,340

Variable compensation for the year Bonus Other Benefits due to the termination of exercise of position Total compensation per body
(1)

Includes Social Security and FGTS charges

Average remuneration due to the Board of Directors, Executive Board, and Fiscal Council in the first half of 2013:

2013 Number of members (*) Highest individual compensation ** Lowest individual compensation ** Average individual compensation **

Board of Directors 21.3 54 27 32

Fiscal Council 10.0 43 22 28

Statutory Board of Executive Offcers 8.0 1,556 580 928

*number of members calculated through the periods weighted average. **Excluding Social Security and FGTS charges
Overall management compensation at the parent company Light S.A. for the first half of 2013 is R$1,160.

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24. EQUITY As of June 30, 2013, there are 203,934,060 non-par and book-entry common shares of Light S.A. (203,934,060 as of December 31, 2012), recorded as capital stock in the total amount of R$2,225,822 (R$2,225,822 as of December 31, 2012), as follows:
6/30/2013 SHAREHOLDERS Controlling Group RME Rio Minas Energia Participaes S.A. Companhia Energtica de Minas Gerais S.A. Luce Empreendimentos e Participaes S.A. Other BNDES Participaes S.A. - BNDESPAR Public Overall Total Number of Shares 106,304,597 26,576,150 53,152,298 26,576,149 97,629,463 27,453,983 70,175,480 203,934,060 % Interest 52.12 13.03 26.06 13.03 47.88 13.47 34.41 100 12/31/2012 Number of Shares 106,304,597 26,576,150 53,152,298 26,576,149 97,629,463 27,453,983 70,175,480 203,934,060 % Interest 52.12 13.03 26.06 13.03 47.88 13.47 34.41 100

Light S.A. is authorized to increase its capital up to the limit of 203,965,072 common shares through resolution of the Board of Directors, regardless of amendments to the bylaws. However, this increase is to occur exclusively upon the exercise of the warrants issued, strictly pursuant to the conditions of the warrants (Bylaws, Article 5, Paragraph 2). The Annual Shareholders Meeting held on April 26, 2013 declared dividends relating to the profit reserve recorded in the statement of financial position as of December 31, 2012, totaling R$91,770 (forty-five centavos (R$0.45) per share), to be paid by December 31, 2013. On April 30, 2013, the Company paid interest on equity, declared in 2012, in the gross amount of R$86,672, net of R$74,792. 25. EARNINGS PER SHARE Pursuant to the requirements of CPC 41 and the IAS 33 (Earnings per Share), the statement below reconciles the income for the period with the amounts used to calculated the basic and diluted earnings per share. The chart below presents the calculation of basic and diluted earnings per share:
2013 2012

4.1 to 6.30 NUMERATOR Net income for the period DENOMINATOR Weighted average number of common shares Basic and diluted earnings per common share in R$

58,212 203,934,060 0.285

39,772 203,934,060 0.195

102

1.1 to 6.30 NUMERATOR Net income for the period DENOMINATOR Weighted average number of common shares Basic and diluted earnings per common share in R$

2013

2012

136,857 203,934,060 0.671

179,834 203,934,060 0.882

On June 30, 2013 and 2012, there are no differences between basic and diluted earnings per share. 26. NET REVENUE
Consolidated 4.1 to 6.30 Supply (Note 27) Leases, rents and other Revenue from network usage Revenue from construction Revenue from services rendered CDE grant Taxed service fee GROSS REVENUE ICMS PIS / COFINS Other REVENUE TAXES 2013 2,110,517 16,555 179,487 175,561 12,034 21,159 1,083 2,516,396 (517,902) (123,916) (1,078) (642,896) 2012 Restated 2,313,633 12,719 201,655 162,222 19,242 992 2,710,463 (577,636) (139,026) (1,134) (717,796)

Fuel Consumption Account - CCC Energy Development Account - CDE Global Reversal Reserve - RGR Energy Research Company - EPE National Technological Development Fund - FNDCT Energy Efficiency Program - PEE Research and Development - R&D Other charges - ex-isolated Other charges - Proinfa CONSUMER CHARGES TOTAL DEDUCTIONS NET REVENUE

13,209 (17,727) (2,397) (1,655) (3,308) (6,779) (3,308) (10,427) 5,374 (27,018) (669,914) 1,846,482

(81,924) (63,087) (35,097) (1,621) (3,246) (6,992) (3,246) (4,195) (3,168) (202,576) (920,372) 1,790,091

103

Consolidated 1.1 to 6.30 Supply (Note 27) Leases, rents and other Revenue from network usage Revenue from construction Revenue from services rendered CDE grant Taxed service fee GROSS REVENUE ICMS PIS / COFINS Other REVENUE TAXES 2013 4,613,588 29,561 360,266 332,849 28,138 35,265 2,087 5,401,754 (1,165,143) (286,380) (2,015) (1,453,538) 2012 Restated 4,852,783 25,032 393,742 299,671 39,606 2,055 5,612,889 (1,213,679) (298,484) (2,298) (1,514,461)

Fuel Consumption Account - CCC Energy Development Account - CDE Global Reversal Reserve - RGR Energy Research Company - EPE National Technological Development Fund - FNDCT Energy Efficiency Program - PEE Research and Development - R&D Other charges - ex-isolated Other charges - Proinfa CONSUMER CHARGES TOTAL DEDUCTIONS NET REVENUE

(890) (35,454) (4,794) (3,477) (6,952) (14,439) (6,952) (10,427) (83,385) (1,536,923) 3,864,831

(165,684) (126,174) (70,194) (3,420) (6,843) (15,028) (6,843) (6,410) (9,016) (409,612) (1,924,073) 3,688,816

104

Pis and Cofins reconciliation in income statement:

Consolidated 4.1 to 6.30 Gross Revenue (-) Construction Revenue PIS and COFINS Revenue Nominal rate PIS and COFINS PIS and COFINS receivables and additions Energy Purchase Sector Charges ICMS - Tax Replacement Other PIS and COFINS on profit or loss Effective PIS and COFINS rate 2013 2,516,396 175,561 2,340,835 9.25% (216,527) 84,621 4,489 779 2,722 (123,916) 4.9% 2012 2,710,463 162,222 2,548,241 9.25% (235,712) 72,048 18,002 772 5,864 (139,026) 5.1%

Consolidated 1.1 to 6.30 Gross Revenue (-) Construction Revenue PIS and COFINS Revenue Nominal rate PIS and COFINS PIS and COFINS receivables and additions Energy Purchase Sector Charges ICMS - Tax Replacement Other PIS and COFINS on profit or loss Effective PIS and COFINS rate 2013 5,401,754 332,849 5,068,905 9.25% (468,874) 178,428 37,110 1,714 (34,758) (286,380) 5.3% 2012 5,612,889 299,671 5,313,218 9.25% (491,473) 150,735 36,701 1,404 4,148 (298,484) 5.3%

105

27. ELECTRIC POWER SUPPLY

Consolidated 4.1 to 6.30 Residential Industrial Commerce, services and other Rural Public sector Public lighting Public utility Own consumption Billed sales ICMS (State VAT) Unbilled sales TOTAL SUPPLY
(3)

Number of billed sales 2013 2012 3,779,079 9,723 313,475 11,482 11,475 728 1,610 452 4,128,024 4,128,024 4,128,024

(1) (2)

GWh 2013 1,972 342 1,748 12 399 171 289 21 4,954 4,954 1,134 69 1,203 6,157

(1)

R$ 2012 1,969 373 1,685 13 395 169 290 22 4,916 4,916 1,172 235 1,407 6,323 2013 665,849 64,693 494,919 699 124,133 26,107 55,612 1,432,012 509,241 (48,884) 1,892,369 198,279 19,869 218,148 2,110,517 2012 717,186 84,416 551,647 2,802 136,390 28,316 63,284 1,584,041 568,143 (23,895) 2,128,289 143,725 41,619 185,344 2,313,633

3,722,349 10,726 301,073 11,437 11,189 729 1,464 432 4,059,399 4,059,399 4,059,399

Electric power auction Short-term energy TOTAL SUPPLY OVERALL TOTAL

Consolidated 1.1 to 6.30 Number of billed sales 2013 2012 3,779,079 9,723 313,475 11,482 11,475 728 1,610 452 4,128,024 4,128,024 4,128,024
(1) (2)

GWh 2013 4,395 701 3,625 26 825 341 571 44 10,528 10,528 2,378 69 2,447 12,975

(1)

R$ 2012 4,317 774 3,434 27 804 335 561 44 10,296 10,296 2,355 657 3,012 13,308 2013 1,537,495 140,664 1,072,960 1,586 261,800 53,283 113,697 3,181,485 1,145,468 (133,127) 4,193,826 399,893 19,869 419,762 4,613,588 2012 1,584,045 175,126 1,110,539 5,895 273,709 55,936 119,847 3,325,097 1,196,451 3,434 4,524,982 271,421 56,380 327,801 4,852,783

Residential Industrial Commerce, services and other Rural Public sector Public lighting Public utility Own consumption Billed sales ICMS (State VAT) Unbilled sales TOTAL SUPPLY
(3)

3,722,349 10,726 301,073 11,437 11,189 729 1,464 432 4,059,399 4,059,399 4,059,399

Electric power auction Short-term energy TOTAL SUPPLY OVERALL TOTAL

(1) Unaudited by independent auditors (2) Number of billed sales in June, with and without consumption (3) Light SESA

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28. OPERATING COSTS AND EXPENSES

Consolidated Operating Expenses Other operating revenues General and Adm (expenses) (23,860) (463) (42,912) (9,595) (18,186) (24,354) (119,370) (6,535) (6,535)

4.1 to 6.30 Nature of the expense Personnel and management Material Outsourced services Electricity purchased for resale (Note 29) Depreciation and amortization Allowance for doubtful accounts Provision for contingencies/success/escrow deposits Cost of construction Other Total

Cost of Service Electric Power (1,080,557) (1,080,557) Operation (46,750) (2,385) (55,920) (87,780) (175,561) (13,085) (381,481) Selling (4,330) (257) (24,190) (277) (48,408) (323) (77,785)

2013 (74,940) (3,105) (123,022) (1,080,557) (97,652) (48,408) (18,186) (175,561) (44,297) (1,665,728)

2012

Restated (70,010) (4,934) (101,816) (1,081,852) (82,019) (72,227) (11,775) (162,222) (29,564) (1,616,419)

1.1 to 6.30 Nature of the expense Personnel and management Material Outsourced services Electricity purchased for resale (Note 29) Depreciation and amortization Allowance for doubtful accounts Provision for contingencies/success/judicial deposits Cost of construction Other Total

Cost of Service Electric Power (2,319,195) (2,319,195) Operation (97,890) (5,619) (99,266) (172,733) (332,849) (23,411) (731,768) Selling (9,182) (497) (43,913) (543) (77,446) (575) (132,156)

Consolidated Operating Expenses Other operating revenues General and Adm (expenses) (49,255) (892) (76,308) (18,819) (34,589) (44,884) (224,747) (14,867) (14,867)

2013 (156,327) (7,008) (219,487) (2,319,195) (192,095) (77,446) (34,589) (332,849) (83,737) (3,422,733)

2012

Restated (141,774) (8,770) (193,810) (2,128,393) (172,073) (133,855) (37,178) (299,671) (57,070) (3,172,594)

29. ELECTRIC POWER PURCHASED FOR RESALE

Consolidated GWh 4.1 to 6.30 Connection charges Spot market energy Network usage charges UTE Norte Fluminense Itaipu - Binacional Energy transportation - Itaipu National Electric System Operator (O.N.S.) PROINFA ESS Other contracts and electric power auctions Reserve Power Total 2013 1,583 1,338 122 3,819 6,862
(1)

R$ 2012 7 1,583 1,338 125 3,883 6,936 2013 (2,061) 14,787 (45,992) (269,954) (164,970) (4,304) (5,518) (31,593) (27,730) (534,987) (8,235) (1,080,557) 2012 Restated (7,464) (10,913) (117,919) (235,183) (151,291) (11,575) (5,439) (29,173) (22,502) (477,266) (13,127) (1,081,852)

Consolidated GWh 1.1 to 6.30 Connection charges Spot market energy Network usage charges UTE Norte Fluminense Itaipu - Binacional Energy transportation - Itaipu National Electric System Operator (O.N.S.) PROINFA ESS Other contracts and electric power auctions Reserve Power Total (1) Unaudited by independent auditors 2013 791 3,150 2,638 242 8,125 14,946
(1)

R$ 2012 364 3,168 2,653 253 8,594 15,032 2013 (5,500) (55,567) (94,157) (537,036) (309,902) (8,510) (10,077) (62,866) (106,739) (1,114,375) (14,466) (2,319,195) 2012 Restated (14,907) (38,073) (236,849) (470,573) (274,115) (22,987) (10,368) (58,271) (45,992) (935,452) (20,806) (2,128,393)

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30. FINANCIAL RESULT

Consolidated 4.1 to 6.30 REVENUES Interest on electricity bills and debts paid in installments Income from investments Swap operations Restatement of escrow deposits NRV restatement Other financial income * EXPENSES Restatement of provision for contingencies Expenses with tax liabilities Debt charges Foreign exchange and monetary variation Advances of receivables Adjustment to present value of accounts receivable Fines due to discontinuity Other financial expenses * (6,289) (8,243) (120,371) (71,685) 645 (12,540) (7,940) (226,423) FINANCIAL RESULT (95,486) (4,702) (4,485) (113,457) (20,275) (30,913) 912 (9,866) (1,967) (184,753) (121,084) 23,978 12,184 76,926 3,052 6,667 8,130 130,937 23,468 8,911 19,485 11,805 63,669 2013 2012 Restated

* It refers to sundry revenues and expenses

Consolidated 1.1 to 6.30 REVENUES Interest on electricity bills and debts paid by installments Income from investments Swap operations Restatement of escrow deposits NRV restatement Other financial income * EXPENSES Restatement of provision for contingencies Expenses with tax liabilities Debt charges Foreign exchange and monetary variation Advances of receivables Adjustment to present value of accounts receivable Fines due to discontinuity Other financial expenses * (25,268) (12,655) (242,636) (62,892) 938 (37,577) (1,224) (381,314) FINANCIAL RESULT (234,339) (15,854) (9,249) (240,410) (15,935) (30,913) 1,859 (25,761) (8,264) (344,527) (250,747) 45,198 15,473 54,472 5,039 13,094 13,699 146,975 42,138 21,372 17,600 12,670 93,780 2013 2012 Restated

* It refers to sundry revenues and expenses

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31. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT The statement below reconciles the carrying and fair values of assets and liabilities related to our financial instruments:

ASSETS Cash and cash equivalents (Note 4) Services Dividends receivable Other receivables (Note 11) Total LIABILITIES Trade payables (Note 15) Dividends and interest on equity payable Other payables (Note 22) Total

Parent Compnay 6/30/2013 12/31/2012 Book value Fair value Book value Fair value 1,530 141 10,270 5,084 17,025 1,530 141 10,270 5,084 17,025 45,469 148 19,210 6,665 71,492 45,469 148 19,210 6,665 71,492

96 91,770 3,736 95,602

96 91,770 3,736 95,602 Consolidated

458 74,792 4,415 79,665

458 74,792 4,415 79,665

6/30/2013 ASSETS Cash and cash equivalents (Note 4) Marketable securities (Note 5) Concessionaires and permissionaires (Note 6) Services Swaps Concessions' financial assets (Note 10) Other receivables (Note 11) Total LIABILITIES Trade payables (Note 15) Loans and borrowings (Note 16) Debentures (Note 17) Dividends and interest on equity payable Swaps Other payables (Note 22) Total 759,509 2,570,569 3,530,725 91,770 344,599 7,297,172 759,509 2,573,124 3,528,321 91,770 344,599 7,297,323 Book value 2,037,312 7,927 1,403,470 36,247 97,459 1,725,433 226,934 5,534,782 Fair value 2,037,312 7,927 1,403,470 36,247 97,459 1,725,433 226,934 5,534,782

12/31/2012 Book value Fair value Restated Restated 230,356 15,266 1,731,017 42,171 35,540 1,573,349 169,504 3,797,203 230,356 15,266 1,731,017 42,171 35,540 1,573,349 169,504 3,797,203

814,469 2,263,431 1,974,054 74,792 6,129 320,095 5,452,970

814,469 2,620,086 2,073,100 74,792 6,129 320,095 5,908,671

In compliance with CVM Rule No. 475/2008 and CVM Resolution No. 604/2009, which revoked Resolution No. 566/2008, the description of accounting balances and fair values of financial instruments stated in the statement of financial position on June 30, 2013 are identified as follows:

Cash and cash equivalents Financial investments in bank deposit certificates are measured at their fair value duly at the end of the reporting period.

Marketable securities Financial investments in bank deposit certificates are measured at their fair value at the end of the reporting period.

109

Consumers, concessionaries and permissionaires (clients) These are classified as loans and receivables, measured at the amortized cost, being recorded at their original values and subject to a provision for losses, where applicable.

Concessions financial assets These are classified as available for sale, measured at their fair value at initial recognition. After initial recognition, interest is calculated through the effective interest rate method and recognized in the income statement under financial income, while the changes in the fair value are recognized in other comprehensive income.

Trade payables Accounts payable to suppliers of materials and services required in the operations of the Company, the amounts of which are known or easily determinable, added, where applicable, of relevant charges, escalation and/or exchange costs incurred as of the end of the reporting period. These balances are classified as other financial liabilities and were recognized at their amortized cost, which is not significantly different from their fair value.

Loans, borrowings and debentures These are measured by the amortized cost method. Fair value was calculated at interest rates applicable to instruments with similar nature, maturities and risks, or based on market quotations of these securities. The fair value for BNDES financing is identical to the accounting balance, since there are no similar instruments, with comparable maturities and interest rates. These financial instruments are classified as financial liabilities not measured at the fair value.

Other assets and liabilities Other assets are classified as "loans and receivables", and other liabilities are measured at amortized cost and stated at their original values, accrued of, where applicable, corresponding charges, monetary and/or currency variations incurred up to the end of the reporting period or subject to a provision for losses, where applicable.

Swaps These are measured at fair value. A determination of fair value used available information on the market and usual pricing methodology: the face value (notional) evaluation for long position (in U.S. dollars) until maturity date and discounted at present value of clean coupon rates, published in bulletins of Securities, Commodities and Futures Exchange BM&FBovespa. It is worth mentioning that estimated fair value of financial assets and liabilities was determined by means of information available on the market and appropriate valuation methodologies. Nevertheless, meaningful judgment was required when interpreting market data to produce the most appropriate fair value estimate.

110

a) Financial instruments by category on June 30, 2013:

Parent Company 6/30/2013 Fair value through profit or loss 1,363 1,363 12/31/2012 Fair value through profit or loss 45,269 45,269

ASSETS Cash and cash equivalents (Note 4) Services provided Dividends receivable Other receivables (Note 11) Total

Loans and receivables 167 141 10,270 5,084 15,662

Total

Loans and receivables 200 148 19,210 6,665 26,223

Total

1,530 141 10,270 5,084 17,025

45,469 148 19,210 6,665 71,492

Parent Company 6/30/2013 Fair value through profit or loss 12/31/2012 Fair value through profit or loss -

LIABILITIES Trade payables (Note 15) Dividends and interest on equity payable Other payables (note 22) Total

Amortized cost 96 91,770 3,736 95,602

Total

Amortized cost 458 74,792 3,664 78,914

Total

96 91,770 3,736 95,602

458 74,792 3,664 78,914

Consolidated 6/30/2013 Fair value through profit or loss 1,973,559 7,927 97,459 2,078,945 12/31/2012 Restated Available for sale 1,725,433 1,725,433 Total Loans and receivables 79,836 1,731,017 42,416 169,504 2,022,773 Fair value through profit or loss 150,520 15,266 35,540 201,326 Available for sale 1,573,349 1,573,349 Total

ASSETS Cash and cash equivalents (Note 4) Marketable securities (Note 5) Concessionaires and permissionaires (Note 6) Services provided Swaps Concession's financial assets (Note 10) Other receivables (Note 11) Total

Loans and receivables 63,753 1,403,470 36,247 226,934 1,730,404

2,037,312 7,927 1,403,470 36,247 97,459 1,725,433 226,934 5,534,782

230,356 15,266 1,731,017 42,416 35,540 1,573,349 169,504 3,797,448

Consolidated 6/30/2013 Fair value through profit or loss 12/31/2012 Restated Total Amortized cost 814,354 2,263,431 1,974,054 74,792 320,095 5,446,726 Fair value through profit or loss 115 6,129 6,244 Total

LIABILITIES Trade payables (Note 15) Loans and borrowings (Note 16) Debentures (Note 17) Dividends and interest on equity payable Swaps Other payables (note 22) Total

Amortized cost 759,509 2,570,569 3,530,725 91,770 344,599 7,297,172

759,509 2,570,569 3,530,725 91,770 344,599 7,297,172

814,469 2,263,431 1,974,054 74,792 6,129 320,095 5,452,970

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b) Policy concerning derivative instruments The Company has a policy of using derivative instruments that has been approved by its Board of Directors. According to this policy, the debt service (principal plus interest and charges) denominated in foreign currency maturing within 24 months is to be hedged, except no speculative transaction is allowed, whether using derivatives or any other risky asset. In line with the policy standards, the Company does not have any options, swaps, callable swaps, flexible options, derivatives embedded in other products, derivativestructured transactions and so-called exotic derivatives. Furthermore, the statement above denotes that the Company use cashless exchange rate swaps (US$ vs. CDI), of which the Notional Contract Value is equal to the amount of the debt service denominated in foreign currency maturing in 24 months. c) Risk management and goals achieved Management of derivative instruments is achieved through operating strategies with a view to liquidity, profitability and safety. Our control policy consists of ongoing enforcement of policy standards concerning the use of derivative instruments, as well as continued monitoring of agreed upon rates versus market rates. d) Market Risk During the normal course of its businesses, the Company and its subsidiaries are exposed to the market risks related to currency variations and interest rates, as evidenced in the chart below: Debt breakdown (excluding financial charges):
Consolidated 6/30/2013 R$ USD EUR Foreign currency (current and non-current) CDI IPCA TJLP Other Domestic currency (current and non-current) Overall total (current and non-current) 680,560 100,081 780,641 3,355,236 600,000 1,059,485 236,042 5,250,763 6,031,404 % 11.3 1.7 13.0 55.7 9.9 17.6 3.8 87.0 100.0 R$ 509,253 95,017 604,270 2,399,253 1,097,381 90,631 3,587,265 4,191,535 12/31/2012 Restated % 12.1 2.3 14.4 57.2 26.2 2.2 85.6 100.0

On June 30, 2013, according to the chart above, the foreign currency-denominated debt is R$780,641, or 13.0% of total debt (R$604,270, corresponding to 14.4% on December 31, 2012).

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Financial derivative instruments were contracted for the amount of foreign currencydenominated debt service to expire within 24 months, in the swap modality, whose notional value as of June 30, 2013 stood at US$297,078 (US$240,206 as of December 31, 2012) and 34,969 (34,969 as of December 31, 2012), according to the policy for utilization of derivative instruments approved by the Board of Directors. Thus, if we deduct this amount from total foreign currency-denominated debt, the foreign exchange exposure represents 0.37% of total debt (0.41% as of December 31, 2012). Below, we provide a few considerations and analyses on risk factors impacting on business of Light Groups companies:

Currency risk
Considering that a portion of loans and borrowings is denominated in foreign currency, the company uses derivative financial instruments (swap operations) to hedge against service associated with these debts (principal plus interest and commissions) to expire within 24 months in addition to the swap of previously mentioned rates. Derivative operations, comprising currency swaps and interest, the latter reported below, resulted in a R$54,472 gain in the first half of 2013 (gain of R$17,600 in the first half of 2012). The net amount of swap operations as of June 30, 2013, considering the fair value, is positive at R$97,459 (positive at R$29,411 as of December 31, 2012), as shown below:
Currency Swap Starting Date 3/11/2013 4/11/2012 12/28/2011 10/9/2012 9/12/2011 8/23/2012 8/23/2012 8/23/2012 10/2/2012 10/2/2012 10/2/2012 11/10/2011 Notional Value Maturity Date Contracted (US$) 3/11/2016 4/11/2014 10/10/2013 10/10/2014 9/12/2013 2/23/2017 8/23/2017 2/23/2018 4/3/2017 10/2/2017 4/3/2018 11/10/2016 60,000 2,715 2,970 1,338 58 33,333 33,333 33,333 26,666 26,666 26,666 50,000 Fair Value Jun/13 (R$) Assets 135,600 5,978 6,638 2,877 132 76,549 76,743 76,776 61,327 61,405 61,487 115,186 Fair Value Jun/13 (R$) Liabilities (120,218) (5,429) (6,194) (2,853) (114) (69,981) (70,201) (70,411) (57,103) (57,298) (57,480) (89,414) Fair Value Jun/13 (R$) Balance 15,382 549 444 24 18 6,568 6,542 6,365 4,224 4,107 4,007 25,772

Institution

Light receives

Light pays

Bank of Tokyo Ita Ita HSBC HSBC Citibank L.Sesa Citibank L.Sesa Citibank L.Sesa Citibank L.Energia Citibank L.Energia Citibank L.Energia Bank of America

US$+2.33% US$+2.42% US$+3.07% US$+1.67% US$+2.95% US$+Libor+1.66% US$+Libor+1.66% US$+Libor+1.66% US$+Libor+1.5988% US$+Libor+1.5988% US$+Libor+1.5988% Libor+2.5294%

100% CDI + 0.90% 100% CDI 100% CDI 100% CDI 100% CDI 100% CDI + 1.00% 100% CDI + 1.00% 100% CDI + 1.00% 100% CDI + 1.10% 100% CDI + 1.10% 100% CDI + 1.10% 100%CDI + 0.65%

Institution

Light receives

Light pays

Starting Date 10/21/2011

Maturity Date

Notional Value Contracted (EURO) 34,969 Total

Fair Value Jun/13 (R$) Assets 106,636 787,334

Fair Value Jun/13 (R$) Liabilities (87,760) (694,456)

Fair Value Jun/13 (R$) Balance 18,876 92,878

BNP

Euro+4.6823%

100%CDI+1.30%

10/21/2014

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Currency swap Institution Bradesco Ita Ita HSBC HSBC HSBC Citibank L.Sesa Citibank L.Sesa Citibank L.Sesa Citibank L.Energia Citibank L.Energia Citibank L.Energia Bank of America Light receives US$+2.72% US$+2.42% US$+3.07% US$+1.67% US$+3.58% US$+2.95% US$+Libor+1.66% US$+Libor+1.66% US$+Libor+1.66% US$+Libor+1.5988% US$+Libor+1.5988% US$+Libor+1.5988% Libor+2.5294% Light pays 100% CDI 100% CDI 100% CDI 100% CDI 100% CDI 100% CDI 100% CDI + 1.00% 100% CDI + 1.00% 100% CDI + 1.00% 100% CDI + 1.10% 100% CDI + 1.10% 100% CDI + 1.10% 100%CDI + 0.65% Starting Date 3/10/2011 4/11/2012 12/28/2011 10/9/2012 4/12/2011 9/12/2011 8/23/2012 8/23/2012 8/23/2012 10/2/2012 10/2/2012 10/2/2012 11/10/2011 Notional Fair Value Fair Value Fair Value Value Maturity Date Dec/12 (R$) Dec/12 (R$) Dec/12 (R$) Contracted Assets Liabilities Balance (US$ dollar) 3/12/2013 61 11 11 4/11/2014 2,715 470 470 10/10/2013 2,970 354 354 10/10/2014 1,338 (4) (4) 4/10/2013 3,065 1,005 1,005 9/12/2013 58 16 16 2/23/2017 33,333 (421) (421) 8/23/2017 33,333 (579) (579) 2/23/2018 33,333 (598) (598) 4/3/2017 26,666 (1,410) (1,410) 10/2/2017 26,666 (1,569) (1,569) 4/3/2018 26,666 (1,548) (1,548) 11/10/2016 50,000 16,554 16,554

Institution BNP

Light receives Euro+4.6823%

Light pays 100%CDI+1.30%

Starting Date 10/21/2011

Maturity Date 10/21/2014

Notional Fair Value Fair Value Fair Value Value Dec/12 (R$) Dec/12 (R$) Dec/12 (R$) Contracted Assets Liabilities Balance (EURO) 34,969 13,225 13,225 Total 31,635 (6,129) 25,506

The amount recorded was measured by its fair value as of June 30, 2013. All operations with derivative financial instruments are registered in clearing houses for the custody and financial settlement of securities and there is no margin deposited in guarantee. Operations have no initial cost. The subsidiary Light Esco settled derivative instruments, as forward currency agreements to hedge against fluctuations in foreign currency-denominated payments to suppliers, with the notional amounts of 350, as shown in the following chart:

Forward contracts Institution Institution Citibank Light receives Euro - Maturity Euro - Maturity Light pays Euro / 2.4822 Euro / 2.4836 Notional Value Maturity Date Contracted (EURO) 5/31/2012 4/29/2013 5/31/2012 5/27/2013 Starting Date Total Fair Value Jun/13 (R$) Assets Fair Value Jun/13 (R$) Liabilities Fair Value Jun/13 (R$) Balance -

Forward contracts Institution Citibank Citibank Citibank Light receives Euro - Maturity Euro - Maturity Euro - Maturity Light pays Euro / 2.4822 Euro / 2.4836 Euro / 2.4836 Starting Date 5/31/2012 5/31/2012 5/31/2012 Maturity Date 1/29/2013 4/29/2013 5/27/2013 Total Notional Fair Value Fair Value Fair Value Value Dec/12 (R$) Dec/12 (R$) Dec/12 (R$) Contracted Assets Liabilities Balance (R$) 865 82 82 175 17 17 175 16 16 1,215 115 115

Below, the sensitivity analysis for foreign exchange rates fluctuations, showing eventual impacts on financial result of the Company and its subsidiaries. The methodology used in the Probable Scenario considered the best estimate for the foreign exchange rate as of June 30, 2014. It is worth highlighting that, as this refers to a sensitivity analysis of the impact on the financial result of the next 12 months, debt
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balances as of June 30, 2013 were considered. It is worth mentioning that the behavior of debt and derivatives balances will observe their respective contracts, and the balance of temporary cash investments will fluctuate according to the need or available funds of the Company and its subsidiaries. Exchange Rate Sensitivity Analysis, with the presentation of effects on the income statement and equity:
R$ Operation FINANCIAL LIABILITIES National Treasury Merril Lynch BNP (EURO) Bank of Tokyo Citibank Light Sesa Citibank Light Energia DERIVATIVES Swaps TOTAL Reference for financial assets and financial liabilities R$/US$ exchange rate (end of the period) R$/EURO exchange rate (end of the period) 2.2156 2.8620 USD USD EURO USD USD USD Risk Probable Scenario (I) (25,354) (7,421) (2,743) (3,983) (2,756) (5,039) (3,412) Scenario (II) (32,361) (9,426) (3,542) (4,979) (3,445) (6,524) (4,445) Scenario (III) (39,637) (11,492) (4,385) (5,975) (4,134) (8,100) (5,551)

USD / EURO

(40,629) (65,983)

(33,012) (65,373) +25% 2.7695 3.5775

(25,395) (65,032) +50% 3.3234 4.2930

With the chart above, it is possible to identify that the partial hedge against foreign currency-denominated debt (only limited to debt service to expire within 24 months), as when R$/US$ quote increases, liabilities financial expense also increases but financial revenues of derivatives also partially offset this negative impact and vice-versa. Thus, cash is partially hedged thanks to the derivatives policy of the Company and its subsidiaries.

Interest rate risk

This risk derives from impact of interest rates fluctuation not only over financial expense associated with loans, borrowings and debentures of the Company, but also over financial revenues deriving from temporary cash investments. The policy for utilization of derivatives approved by the Board of Directors does not comprise the contracting of instruments against such risk. Nevertheless, the Company continuously monitors interest rates so that to evaluate eventual need of contracting derivatives to hedge against interest rates volatility risk.

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As of June 30, 2013, the interest rate swap operation associated with the maturity of Bradesco CCB with notional value of R$150,000 (R$150,000 as of December 31, 2012), duly authorized by the Management, stated a gain of R$4,581 (gain of R$3,905 as of December 31, 2012), considering the fair value, according to the following table:

Swap rate as of June 30, 2013 Institution HSBC Light receives CDI+0.85% Light pays Starting Date Maturity Date 10/18/2017 Total Notional Fair Value Fair Value Fair Value Value Jun/13 (R$) Jun/13 (R$) Jun/13 (R$) Contracted Assets Liabilities Balance (R$) 134,044 150,000 (129,463) 4,581 150,000 134,044 (129,463) 4,581

101.9%CDI+(TJLP-6%) 10/18/2011

Swap rate as of December 31, 2012 Institution HSBC Light receives CDI+0.85% Notional Fair Value Fair Value Fair Value Value Light pays Maturity Date Dec/12 (R$) Dec/12 (R$) Dec/12 (R$) Contracted Assets Liabilities Balance (R$) 101.9%CDI+(TJLP-6%) 10/18/2011 10/18/2017 150,000 3,905 3,905 Starting Date Total 150,000 3,905 3,905

Below, the sensitivity analysis for interest rates fluctuations, showing possible impacts on the financial result of the Company. The methodology used in the Probable Scenario considered the best estimate for the interest rate on June 30, 2014. It is worth highlighting that, as this refers to a sensitivity analysis of the impact on the 2013 financial result, debt and investment balances on June 30, 2013 were considered. It is worth mentioning that the behavior of debt and derivatives balances will observe their respective contracts, and the balance of investments will fluctuate according to the need or available funds of the Company. Interest rate sensitivity analysis, with the presentation of effects on the income statement and equity:

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R$ Operation FINANCIAL ASSETS Financial investments FINANCIAL LIABILITIES Debentures 4 issue Light SESA th Debentures 5 issue Light SESA th Debentures 7 issue Light SESA th Debentures 8 issue Light SESA th Debentures 9 issue Light SESA (Series A) th Debentures 9 issue Light SESA (Series B) st Debentures 1 issue Light Energia nd Debentures 2 issue Light Energia rd Debentures 3 issue Light Energia CCB Bradesco CCB Bco Santander BNDES Finem Indireto BNDES Direto TJLP BNDES Direto TJLP+1% SESA Bndes Capex 11/12 - Subcred.2 SESA Bndes Capex 11/12 - Subcred.3 SESA Bndes Capex 11/12 - Subcred.4 SESA Bndes Capex 11/12 - Subcred.17 SESA Bndes Capex 11/12 - Subcred.18 BNDES Capex 2011/12 - Light Energia PROESCO SESA Banco do Brasil R$ 150 MM DERIVATIVES Currency swaps Interest rate swaps Interest rate swaps TOTAL Reference for FINANCIAL ASSETS CDI (% end of the period) Reference for FINANCIAL LIABILITIES CDI (% end of the period) TJLP (% end of the period) IPCA (% end of the period) CDI CDI TJLP (41,757) 1,127 1,127 (365,742) (55,780) 1,090 (2,455) (443,692) +25% 9.65% +25% 9.65% 6.25% 5.66% (69,606) 1,054 (6,037) (513,023) +50% 11.58% +50% 11.58% 7.50% 6.80%
th

Risk

Probable Scenario (I)

Scenario (II)

Scenario (III)

CDI

157,352 (483,591) (3) (9,062) (64,765) (46,074) (97,813) (65,460) (17,269) (41,554) (2,929) (35,552) (8,024) (9,418) (8,466) (9,576) (13,461) (17,139) (19,458) (2) (2) (2,214) (1) (15,349)

196,740 (583,287) (4) (19,124) (78,115) (55,733) (118,382) (73,197) (20,794) (50,266) (3,543) (43,263) (9,670) (10,650) (9,820) (10,931) (15,856) (20,020) (22,334) (2) (2) (2,608) (1) (18,972)

236,148 (674,582) (4) (22,294) (91,220) (65,216) (138,574) (80,844) (24,254) (58,818) (4,145) (50,832) (11,286) (11,868) (11,160) (12,272) (18,226) (22,870) (25,179) (2) (3) (2,997) (1) (22,517)

TJLP CDI CDI CDI CDI IPCA CDI CDI CDI CDI CDI TJLP TJLP TJLP TJLP TJLP TJLP TJLP TJLP TJLP TJLP CDI

7.72% 7.72% 5.00% 4.53%

Credit risk
It refers to the Company eventually suffering losses deriving from default of counterparties or financial institutions depositary of funds or temporary cash investments. To mitigate these risks, the Company uses all collection tools allowed by the regulatory body, such as disconnection for delinquency, debit losses and permanent monitoring and negotiation of outstanding positions. Item "a" of this note contains a summary of the financial instruments broken down by category, including the Company's maximum credit risk. Concerning financial institutions, the Company only carries out low-risk operations,
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classified by rating agencies. The Company has a policy of not concentrating its portfolio in certain financial institution. Therefore, the policys principle is to control the portfolio concentration through limits imposed to the Groups and monitoring financial institutions through their equity and ratings. Through its policy, the Company will be able to invest in fixed income products and Interbank Deposit Rate (CDI)-indexed post-fixed income and post-fixed government bonds. The definition of the groups for allocation of resources is described below, as well as the percentage of current share in the Companys portfolio:

Group 1 federal banks; equity: not applicable; minimum rating: Not applicable; percentage in the portfolio: 71.6%. Group 2 Financial Institutions with Equity higher than or equal to 7 billion; Minimum Rating: AA (S&P and Fitch) or Aaa (Moodys). Percentage in the portfolio: 18.2%. Group 3 Financial institutions with Equity between 1 and 7 billion; Minimum Rating: AA (S&P and Fitch) or Aaa (Moody's). Percentage in the Portfolio: 9.1%. Group 4 Financial Institutions with Equity between 500 million and 1 billion; Minimum Rating: A (S&P and Fitch) or A2 (Moodys). Percentage in the portfolio: 1.0%. Group 5 - Only Financial Institutions with restricted court deposits. Percentage in the portfolio: 0.1%.

Liquidity risk
Liquidity risk relates to the Company's ability to settle its liabilities. In order to determine the ability to satisfactorily meet its financial liabilities, the streams of maturities for funds raised and other liabilities are reported with the Company's statements. Further information on the loans can be found in detail in Notes 16 and 17. The Company has raised funds through its operations, from financial market transactions and from affiliate companies, primarily allocated to support its investment plan and in managing its cash for working capital and liability management purposes. The Company manages the liquidity risk by continuously monitoring expected and real cash flows and combining the maturity profiles of its financial liabilities. The realization flow concerning future liabilities as per the relevant terms and conditions is summarized in the statement below:

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Consolidated Interest rate instruments: Floating Loans, borrowings and debentures Fixed rate Loans, borrowings and debentures Trade payables Swap 9,284 759,509 9,090 48,477 14,867 878,780 39,468 25,053 961,594 759,509 63,425 144,660 777,181 3,906,232 2,502,253 7,330,326 1 to 3 months 3 months to 1 year 1 to 5 years More than 5 years Total

a)

Capital Management The Company manages its capital with the purpose of safeguarding its capacity to continuously offer return to shareholders and benefits to other shareholders, in addition to maintaining the ideal capital structure to reduce costs. In order to maintain or adjust its capital structure, the Company either reviews the dividend payment policy and returns capital to shareholders or issues new shares and sells assets to reduce the indebtedness level, for instance.
Parent Company Consolidated 12/31/2012

6/30/2013 Debt from borrowings, loans and debentures (-) Cash and cash equivalents Net debt (A) Equity (B) Financial leverage ratio - % (A (B+A)) 1,530 (1,530) 3,070,770 0%

12/31/2012 45,269 (45,269) 3,025,683 -2%

6/30/2013 6,101,294 2,037,312 4,063,982 3,070,770

Restated 4,237,485 230,356 4,007,129 3,025,683 57%

57%

b) Hierarchical Fair Value There are three types of classification levels for the fair value of financial instruments. This hierarchy prioritizes unadjusted prices quoted in an active market for financial assets or liabilities. The classification of hierarchical levels can be presented as follows:

Level 1 - Data originating from an active market (unadjusted quoted price) that can be accessed on a daily basis, including on the date of fair value measurement. Level 2 - Different data originating from the active market (unadjusted quoted price) included in Level 1, extracted from a pricing model based on data observable in the market. Level 3 - Data extracted from a pricing model based on data that are not observable in the market.

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Parent Company Measurement of Fair Value Identical markets Level 1 Similar markets Level 2 Without active market Level 3

6/30/2013 ASSETS

Cash equivalents (Note 4) Total

1,363 1,363

1,363 1,363

Consolidated Measurement of Fair Value 6/30/2013 ASSETS Cash equivalents (Note 4) Marketable securities (Note 5) Concession's financial assets (Note 10) Swaps Total 1,973,559 7,927 1,725,433 97,459 3,804,378 Identical markets Level 1 Similar markets Level 2 1,973,559 7,927 97,459 2,078,945 Without active market Level 3 1,725,433 1,725,433

Parent Company Measurement of Fair Value Identical markets Level 1 Similar markets Level 2 Without active market Level 3

12/31/2012 ASSETS

Cash equivalents (Note 4) Total

45,269 45,269

45,269 45,269

Consolidated Measurement of Fair Value Identical markets Level 1 Similar markets Level 2 Without active market Level 3

ASSETS

12/31/2012 Restated

Cash equivalents (Note 4) Marketable securities (Note 5) Concession's financial assets (Note 10) Swaps Total LIABILITIES Swaps Total

150,520 15,266 1,573,349 35,540 1,774,675

150,520 15,266 35,540 201,326

1,573,349 1,573,349

6,129 6,129

6,129 6,129

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The market value of a security corresponds to its maturity amount brought to present value through the discount factor obtained based on the market interest curve in reais. Regarding the concessions financial assets, classified as available for sale, the inclusion in level 3 was due to the fact that the relevant factors for the valuation at fair value were not publicly observable. The changes between the years and the respective gains and losses in the income statement for the year are described in note 10; there was no impact on equity this year. 32. INSURANCE

On June 30, 2013, the Light Group had insurances covering its main assets, including: Operational Risk Insurance - it covers damages caused to hydroelectric and thermoelectric power plants, including, but not limited to its machinery, steam turbines, gas turbines, generators, boilers, transformers, channels, tunnels, dams, spillway, civil works, offices and warehouses. All assets are insured under the Operational Risks modality, with an All Risks coverage, including the transmission and distribution lines up to 1,000 feet from generation site. Directors and Officers Liability Insurance (D&O) - It has the purpose of protecting Executives from losses and damages resulting from the performance of their activities inherent to the position as Directors, Officers and Managers of the Company. General and Civil Liability Insurance - focuses on the payment of indemnity if the Company is deemed civilly liable by a final and unappealable court decision or deal authorized by the insurance company, in relation to remedies for property damage and involuntary personal injury caused to third parties and also those related to pollution, contamination, sudden and/or accidental leakage. Financial Guarantee Insurance Energy Trading and Judicial. Property Insurance Comprehensive Business (Leased Properties). International Transport Insurance Imports, Corporate Travel Insurance and Personal Insurance. The assumptions of risks adopted, given their nature, are not included in the scope of an audit firm, accordingly, they were not audited by independent auditors. Below, a summarized breakdown of main insurance policies considered by Management:
Term RISKS Directors & Officers (D&O)** Civil and general liabilities Operating risks* * Maximum limit of liability (LMR) is R$300,000 - Indemnity * Total Value in Risk of R$4,881,192 ** Renewal in progress From 8/10/2012 9/25/2012 10/31/2012 To 8/10/2013 9/25/2013 10/31/2013 Amount Insured R$ 40,350 R$ 20,000 R$ 4,881,192 Gross Premium (including cost of policy + IOF) R$ 158 R$ 855 R$ 1,856

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33. SEGMENT REPORTING

Segment reporting was prepared according to CPC 22 (Information by Segment), equivalent to IFRS 8, and is reported in relation to the business of the Company, identified based on their management structure and internal management information. The Company's Management considers the following segments: power distribution, power generation, power trading and others (including the holding company). The Company is segmented according to its operation, which has different risks and compensation. Segment information for the periods ended June 30, 2013 and 2012 and for the year ended December 31, 2012 is presented below:
Distribution Assets: Current assets Long-term assets Investments Property, plant and equipment Intangible assets Total Assets Liabilities and equity: Current liabilities Non-current liabilities Equity Total liabilities and equity Generation Sales Other Eliminations Consolidated 6/30/2013 3,790,482 3,184,070 614,252 1,646,986 3,770,804 13,006,594

3,594,575 3,190,896 19,677 228,107 3,732,650 10,765,905

185,684 1,636 449,462 1,350,063 37,093 2,023,938

176,442 48,770 825 68,013 803 294,853

23,001 303 3,146,425 803 258 3,170,790

(189,220) (57,535) (3,002,137) (3,248,892)

1,769,446 6,776,722 2,219,737 10,765,905

164,832 1,190,901 668,205 2,023,938

174,519 8,165 112,169 294,853

96,952 1,042 3,072,796 3,170,790

(189,220) (57,535) (3,002,137) (3,248,892)

2,016,529 7,919,295 3,070,770 13,006,594

Distribution Assets: Current assets Long-term assets Investments Property, plant and equipment Intangible assets Total Assets Liabilities and equity: Current liabilities Non-current liabilities Equity Total liabilities and equity

Generation

Sales

Other

Eliminations

Consolidated 12/31/2012 Restated 2,167,186 3,039,018 557,350 1,635,255 3,748,638 11,147,447

1,915,449 3,090,462 19,756 231,250 3,711,438 8,968,355

127,567 1,593 418,007 1,370,838 36,727 1,954,732

129,894 24,060 676 32,361 177 187,168

77,608 290 3,031,033 806 296 3,110,033

(83,332) (77,387) (2,912,122) (3,072,841)

1,737,944 5,041,597 2,188,814 8,968,355

155,446 1,195,900 603,386 1,954,732

59,324 9,923 117,921 187,168

81,306 1,043 3,027,684 3,110,033

(83,332) (77,387) (2,912,122) (3,072,841)

1,950,688 6,171,076 3,025,683 11,147,447

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Income segment reporting:

Distribution 1.1 to 6.30 NET OPERATING REVENUE OPERATING COSTS AND EXPENSES Personnel Material Outsourced services Energy purchased Depreciation Provisions Construction cost Non-operating result Other Equity in the earnings (losses) of subsidiaries FINANCIAL RESULT Financial income Financial expenses RESULT BEFORE TAXES Social contribution Income tax NET INCOME (LOSS) 3,504,692 (3,266,526) (138,276) (7,614) (197,185) (2,249,102) (164,458) (111,825) (332,849) (12,936) (52,281) (194,671) 136,663 (331,334) 43,495 (3,377) (9,195) 30,923 277,285 (81,624) (11,709) (285) (8,559) (17,865) (27,508) (210) 163 (15,651) (1,856) (40,522) 13,311 (53,833) 153,283 (15,469) (36,988) 100,826 310,155 (296,060) (3,919) 894 (7,900) (284,094) (78) (963) 100 (149) 1,103 (1,252) 14,046 (1,311) (3,293) 9,442 4,895 (8,622) (2,423) (3) (5,843) (51) (302) 138,873 1,003 1,015 (12) 136,149 (60) (102) 135,987 (232,196) 230,099 231,866 (2,094) 327 (138,224) (5,117) 5,117 (140,321) (140,321) Generation Sales Other Eliminations Consolidated 2013 Consolidated 2012 Restated 3,688,816 (3,172,594) (141,774) (8,770) (193,810) (2,128,393) (172,073) (171,033) (299,671) (2,126) (54,944) 211 (250,747) 93,663 (344,410) 265,686 (24,348) (61,504) 179,834

3,864,831 (3,422,733) (156,327) (7,008) (219,487) (2,319,195) (192,095) (112,035) (332,849) (14,867) (68,870) (1,107) (234,339) 146,975 (381,314) 206,652 (20,217) (49,578) 136,857

34. NON-CASH TRANSACTIONS In 2013, the Company carried out the following non-cash investment and financing activities, which are not reflected in the statements of cash flows:
Consolidated 6/30/2013 Capitalized financial charges Acquisition of property, plant and equipment, with a corresponding entry to trade payables 8,780 42,051 12/31/2012 Restated 39,743 49,623

35. EVENTS AFTER THE REPORTING PERIOD a) Full extraordinary amortization of the 5th Issue of Debentures of subsidiary Light SESA On July 22, 2013, the full extraordinary amortization of the 5th Issue of Debentures was performed, in the total amount of R$161,507. The funds used in the amortization were raised by Light SESA through its 9th Issue of Debentures, carried out on June 28, 2013. Thus, Light SESA early settled the 5th Issue, conducted on January 22, 2007, amounting to R$1,000,000, with original maturity in January 2014. b) Admission of Cemig GT to Renova Energias controlling group On August 8, 2013, Light Energia approved the execution of an investment agreement with RR Participaes S.A. (RR), Cemig GT, Renova Energia and SPE Chipley SP Participaes S.A. (Chipley), a special-purpose entity, with the purpose of ruling the admission of Cemig GT to Renova Energias controlling group, as well as the structuring of Chipley, to which Brasil PCH S.A.s Share Purchase Agreement (CCVA
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Brasil PCH), entered into between Cemig GT and Petrleo Brasileiro S.A. Petrobras, on June 14, 2013, will be granted. Renova Energias capital stock will be increased, with the granting of preemptive right in the subscription of new shares issued by Renova through Light Energia and RR in favor of Cemig GT and the signature of new shareholders agreement between RR, Light Energia and Cemig GT. The issue price on reference date December 31, 2012 will be R$16.2266 per share or R$48.68 per unit (one common share + two preferred shares), and the portion of Renova Energias capital increase to be subscribed and fully paid in by Cemig GT will be R$1,414,733. The amounts will be restated at CDI (Interbank Deposit Rate) variation as of December 31, 2012. After the operation, Light Energias interest in Renova Energia will be between 11.7% and 15.9% of the total capital stock. The funds for capital increase may be total or partially used by Renova Energia for the acquisition of Brasil PCH, through Chipley. Such acquisition will be from 49% to 100% of Brasil PCHs capital stock. Brasil PCH owns 13 small hydroelectric power plants, located in the states of Minas Gerais, Rio de Janeiro, Esprito Santo and Gois, all operational, with total installed capacity of 291 MW and assured energy of 194 average MW, contracted up to 2028 and 2029, through Proinfa. Both the operation and the capital increase are subject to several precedent and commercial conditions, such as the approval by the Brazilian Antitrust Authority CADE and Aneel. c) Request for termination of UHE Itaocaras Concession Agreement On August 9, 2013, the subsidiary Itaocara Energia, which holds 51% of UHE Itaocara Consortium, requested the termination of the Concession Agreement 12/2001 before Aneel, as per Article 4 - A of Law 9074/2005, introduced by Law 12839/2013. The decision is based on the fact that the necessary time of revenue to obtain return on investment was jeopardized after 12 years of the concession term have elapsed before the release of the Installation Environmental License. Based on said Article, the Company understands that there will be no significant loss in the investments made in the project so far because it is entitled to the following rights: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the non-payment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans. The investments recorded as asset in Itaocara Energia are basically costs necessary to obtain the Previous Environmental License, the Installment Environmental License and the projects feasibility.

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BOARD OF DIRECTORS SITTING MEMBERS Srgio Alair Barroso Humberto Eustquio Csar Mota Raul Belens Jungmann Pinto Maria Estela Kubitscheck Lopes Djalma Bastos de Morais Jos Carlos Aleluia Costa Rutelly Marques da Silva Luiz Carlos da Silva Cantdio Junior Guilherme Narciso de Lacerda David Zylbersztajn Carlos Alberto da Cruz ALTERNATE MEMBERS Luiz Fernando Rolla Csar Vaz de Melo Fernandes Fernando Henrique Schuffner Neto Carmen Lcia Claussen Kanter Wilson Borrajo Cid Jos Augusto Gomes Campos Vago Marcelo Pedreira de Oliveira Jalisson Lage Maciel Almir Jos dos Santos Magno dos Santos Filho

FISCAL COUNCIL SITTING MEMBERS Francisco Luiz Moreira Penna Aristteles Luiz Menezes Vasconcellos Drummond Eduardo Grande Bittencourt Rogrio Fernando Lot Ernesto Costa Pierobon ALTERNATE MEMBERS Aliomar Silva Lima Ari Barcelos da Silva Ronald Gasto Andrade Reis Francisco Vicente Santana Silva Telles Andre Gustavo Salcedo Teixeira Mendes

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BOARD OF EXECUTIVE OFFICERS Paulo Roberto Ribeiro Pinto Chief Executive Officers Joo Batista Zolini Carneiro Chief Financial and Investor Relations Officer Andreia Ribeiro Junqueira e Souza Human Resources Officer Paulo Carvalho Filho Corporate Management Officer Evandro Leite Vasconcelos Energy and Business Development Officer (temporarily) Ricardo Cesar Costa Rocha Distribution Officer Fernando Antnio Fagundes Reis Legal Officer Luiz Otvio Ziza Mota Valadares Communication Officer

CONTROLLERSHIP SUPERINTENDENCE Roberto Caixeta Barroso Controllership Superintendent CPF 013.011.556-83 CRC-MG 078086/O-8 Suzanne Lloyd Gasparini Accountant - Accounting Manager CPF 081.425.517-56 CRC-RJ 107359/O-0

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(Convenience Translation into English from the Original Previously Issued in Portuguese) REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION To the Shareholders, Board of Directors and Management of Light S.A. Rio de Janeiro - RJ Introduction We have reviewed the accompanying individual and consolidated interim financial information of Light S.A. (the Company), identified as Parent and Consolidated, included in the Interim Financial Information Form (ITR) for the quarter ended June 30, 2013, which comprises the balance sheet as at June 30, 2013 and the related statements of income and statements of comprehensive income, for the three- and six-month periods then ended, statements of changes in equity, and statements of cash flows for six-month period then ended, including the explanatory notes. The Companys management is responsible for the preparation of the individual interim financial information in accordance with CPC 21 (R1) - Interim Financial Reporting and the consolidated interim financial information in accordance with CPC 21 (R1) and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review. Scope of Review We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion on the individual interim financial information Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual interim financial information included in the ITR referred to above is not prepared, in all material respects, in accordance with CPC 21(R1) applicable to the preparation of Interim Financial Information (ITR) and presented in accordance with the standards issued by the CVM.

Conclusion on the consolidated interim financial information Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim financial information included in the ITR referred to above is not prepared, in all material respects, in accordance with CPC 21(R1) and IAS 34, applicable to the preparation of Interim Financial Information (ITR) and presented in accordance with the standards issued by the CVM. Emphases of Matter Corresponding figures for the year ended December 31, 2012 and the three- and sixmonth periods ended June 30, 2012 As mentioned in Note 3 to the financial statements, item a, due to a change in accounting practice, the amounts corresponding to the individual and consolidated balance sheet as at December 31, 2012 and the individual and consolidated interim financial information corresponding to the income statements and statements of comprehensive income for the three- and six-month periods then ended, and statements of changes in equity, statements of cash flows and statements of value added (supplemental information) for the six-month period ended June 30, 2012, presented for purposes of comparison, have been adjusted and are presented as required by CPC 23/IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors and CPC 26 (R1)/IAS 1 Presentation of Financial Statements. Our conclusion is not modified with respect to this matter. Transfers of funds from the Energy Development Account - CDE Without modifying our conclusion on the interim individual and consolidated financial information for the three- and six-month periods ended June 30, 2013, we draw attention to the matter mentioned in Note 11, relating to the fact that subsidiary Light Servios de Eletricidade S.A. recorded in the form of a reduction of the cost of energy purchased for resale transfers of funds from the Energy Development Account (CDE) already fully received, established by Decree 7945/13. Other matters Statements of value added We have also reviewed the individual and consolidated interim statements of value added (DVA), for the six-month period ended June 30, 2013, prepared under the responsibility of the Companys management, the presentation of which is required by the standards issued by the CVM applicable to the preparation of Interim Financial Information (ITR), and is considered as supplemental information for IFRS that does not require the presentation of a DVA. These statements were subject to the same review procedures described above and, based on our review, nothing has come to our attention that causes us to believe that they are not prepared, in all material respects, in relation to the individual and consolidated interim financial information taken as a whole.

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The accompanying individual and consolidated interim financial information has been translated into English for the convenience of readers outside Brazil. Rio de Janeiro, August 12, 2013

DELOITTE TOUCHE TOHMATSU Auditores Independentes

Maurcio Pires de Andrade Resende Engagement Partner

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