IPO Profile

CPFL Energia
Rua Ramos Batista, 444, 13� andar, CEP 04552-020 S�o Paulo, S�o Paulo, Brazil
Tel: 55-11-3457-0645
Web: www.cpfl.com.br
Ticker: CPL
Stock Exchange: New York Stock Exchange
Shares Issued: 15,831,893.00
Price Offered: $18.00
Amount Raised: $284,400,000.00

Underwriters:
Merrill Lynch & Co.
Pactual Capital
CS First Boston
Morgan Stanley & Co.
UBS Investment Bank

Company Description:
We are a holding company that, through our subsidiaries, distributes, generates and commercializes electricity in Brazil. In 2003, we were one of the three largest electricity distributors in Brazil, based on the 33,669 GWh of electricity we delivered to our more than 5.3 million customers in that year. During the first six months of 2004, we delivered 16,335 GWh of electricity. Our subsidiaries, Companhia Paulista de For�a e Luz, or Paulista, and Companhia Piratininga de For�a e Luz, or Piratininga, delivered 29,586 GWh of electricity (of which Paulista distributed 19,108 GWh and Piratininga distributed 10,478 GWh) to over 4.2 million customers in the state of S�o Paulo during 2003. Paulista and Piratininga delivered 14,215 GWh of electricity during the first six months of 2004 (of which Paulista distributed 9,237 GWh and Piratininga distributed 4,978 GWh). Our partially-owned subsidiary, Rio Grande Energia, or RGE, delivered 6,377 GWh of electricity to approximately 1.1 million customers (including 291 GWh delivered to small concessionaires and rural electricity cooperatives) in the state of Rio Grande do Sul during 2003. During the first six months of 2004, RGE delivered 3,311 GWh of electricity (including 149 GWh delivered to small concessionaires and rural electricity cooperatives.)