SAO PAULO, Brazil, October 31 /PRNewswire/ --

- Accumulated EBITDA reached R$ 967 million, a growth of 23% and accumulated Net Income increased 55% to R$ 371 million

EDP - ENERGIAS DO BRASIL S.A. ("Energias do Brasil" or "Group") (Bovespa: ENBR3), a holding company in the electric utilities sector trading on Bovespa's Novo Mercado, today announces its results for the third quarter and the first nine months of 2007 (3Q07 and 9M07). The information is presented on a consolidated basis in accordance with Brazilian Corporate Law and is based on reviewed financial information. The independent auditors did not review the operating information. Amounts are expressed in thousands of Reais, except where otherwise stated.

-- Energy volumes distributed in 3Q07 totaled 6,190 GWh, 3.7% more than recorded in 3Q06. Volumes were boosted by a growth in demand in residential and commercial customers, notably in Bandeirante and Escelsa's concession areas. -- Enertrade's commercialization business reported a growth of 17.1% in 3Q07 when compared to 3Q06, driven by a growth of 23.3% in the volume of sales to free consumers, which offset the end of Enerpeixe's contract. -- The volume of energy sold in 3Q07 was 1,433 GWh, a 7.0% hike from the same quarter in 2006, reflecting sales from the 4th generating unit at the Mascarenhas Hydro Power Plant and from the Sao Joao Small Hydro Power Plant (PCH). -- Net operating revenue in 3Q07 was R$ 1,166.4 million, 16.1% more than in 3Q06. This performance resulted mainly from the increase in generation capacity, as well as the growth in distributed and commercialized energy volumes and also tariff hikes in the distribution and generation businesses. -- In 3Q07, EBITDA reached R$ 317.0 million, a decrease of 6.6% when compared to 3Q06. Both 3Q07 and 3Q06 EBITDAs were affected by non- recurring effects. Adjusting the figures, 3Q07 EBITDA would amount to R$ 338.9 million while 3Q06 EBITDA would reach R$ 304.9 million, which would imply an 11.2% increase from yoy. -- Net income amounted R$ 130.6 million, a 14.6% growth over 3Q06 earnings, boosted by the improvement in better financial results in 3Q07. -- Capital expenditures amounted to R$ 173.8 million in 3Q07, a reduction of 29.3% when compared to 3Q06, mainly a reflection of the conclusion of construction work at Peixe Angical. -- On August 06, 2007, Aneel approved Escelsa's tariff revision. Considering financial adjustments, the effective average tariff readjustment was -9.62%. -- On August 29, 2007, Enersul received a Notification Term ("NT") from Aneel regarding a decision to reassess the company's Regulatory Asset Base ("RAB"), as defined in its 2003 Tariff Review. On September 21, Enersul submitted an appeal to Aneel and is currently awaiting for the regulator's decision on that matter. -- On October 16, 2007, the energy from Pecem thermal power plant ("UTE") was sold in the A-5 new energy auction. UTE Pecem, a projected developed in partnership with MPX Mineracao & Energia, will have an installed capacity of 700MW. When concluded, UTE Pecem will imply an approximate growth of 33% over Energias do Brasil's current installed capacity. -- On October 22, 2007, Aneel approved Bandeirante's tariff revision. Considering financial adjustments, the effective average tariff readjustment was -12.47%.

Please be advised that the complete version of this earnings release is available on our site in the Investor Relations section: http://www.energiasdobrasil.com.br

Web site: http://www.energiasdobrasil.com.br

Flavia Heller, IR Officer or Cleverson Murakawa, IR Analyst, both for Energias do Brasil S.A., +55-11-2185-5907, ri@enbr.com.br