SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

For the month of February, 2018

Commission File Number 1-34129


CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
(Exact name of registrant as specified in its charter)



BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)



Avenida Presidente Vargas, 409 - 13th floor,
Edifício Herm. Stoltz - Centro, CEP 20071-003,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 

CENTRAIS ELETRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 Companhia Aberta

Item   For   %   Against   %   Abstain   %  
 
To approve the sale of all shares, except 1 (one) common share, issued by              
Companhia de Eletricidade do Acre (hereinafter referred to as “Eletroacre”), owned by              
Eletrobras, in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. –              
B3, for the price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the              
granting of concession by the Granting Power for the term of 30 (thirty) years, under              
the terms of Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with              
the conditions established under the Resolution of the Investment Partnership              
Program Council - CPPI number 20, dated November 8, 2017, with the amendments              
1   34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
to the Resolutions of the Investment Partnership Program Council - CPPI number 28,              
dated November 22, 2017, and number 29, dated December 28, 2017, including the              
assumption by Eletrobras of debts of said Distribution Company and/or the conversion              
of the debts of said Distribution Company in capital increase by Eletrobras, at an              
amount up to BRL 113,779,871.99 (One Hundred and Thirteen Million, Seven              
Hundred and Seventy-Nine Thousand, Eight Hundred and Seventy-One Brazilian              
Reais and Ninety-Nine cents), in the period established by the 169th Extraordinary              
General Meeting, held on December 28, 2017;              
 
 
 
Item   For   %   Against   %   Abstain   %  
To approve, as long as item 1 disclosed above is not approved, the dissolution and              
2   28,830,927   37.70%   46,672,035   61.03%   967,800   1.27%  
liquidation of Eletroacre;              

 

 

Item   For   %   Against   %   Abstain   %  
 
To approve, since the sale referred to in Item 1 disclosed above is approved, that              
Eletrobras assumes the rights of Eletroacre, regarding the Fuel Consumption Account              
- CCC and the Energy Development Account - CDE, recognized in the Financial              
Statements of the Distribution Companies on the base date of the studies considering              
the adjustments up to June 30, 2017, amounting up to BRL 296,167 thousand (Two              
3 Hundred Ninety-Six Million, One Hundred and Sixty-Seven Thousand Brazilian Reais),    31,775,327   41.55%   43,682,635   57.12%   1,012,800   1.32%  
and Eletrobras shall, on the other hand, assume obligations in equivalent amounts, in              
accordance with conditions established in the Resolution of the Investment              
Partnership Program Council - CPPI number 20, dated November 08, 2017, amended              
by the Resolutions of the Investment Partnership Program Council - CPPI number 28,              
dated November 22, 2017, and number 29, dated December 28, 2017;              
 
 
Item   For   %   Against   %   Abstain   %  
 
To approve the sale of all shares, except 1 (one) common share, issued by Centrais              
Elétricas de Rondônia S.A (hereinafter referred to as “Ceron”), owned by Eletrobras,              
in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. – B3, for the              
price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the granting of              
concession by the Granting Power for the term of 30 (thirty) years, under the terms of              
Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with the conditions              
established under the Resolution of the Investment Partnership Program Council -              
CPPI number 20, dated November 8, 2017, with the amendments to the Resolutions              
4   34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
of the Investment Partnership Program Council - CPPI number 28, dated November              
22, 2017, and number 29, dated December 28, 2017, including the assumption by              
Eletrobras of debts of said Distribution Company and/or the conversion of the debts of              
said Distribution Company in capital increase by Eletrobras, at an amount up to BRL              
1,872,522,463.42 (One Billion, Eight Hundred and Seventy-Two Million, Five Hundred              
Twenty-Two Thousand, Four Hundred and Sixty-Three Brazilian Reais and Forty-Two              
cents), in the period established by the 169th Extraordinary General Meeting, held on              
December 28, 2017;              
 
 
 
Item   For   %   Against   %   Abstain   %  
To approve, as long as item 4 disclosed above is not approved, the dissolution and              
5   28,830,927   37.70%   46,672,035   61.03%   967,800   1.27%  
liquidation of Ceron;              

 

 

Item   For   %   Against   %   Abstain   %  
 
To approve, since the sale referred to in Item 4 disclosed above is approved, that              
Eletrobras assumes the rights of Ceron, regarding the Fuel Consumption Account -              
CCC and the Energy Development Account - CDE, recognized in the Financial              
Statements of the Distribution Companies on the base date of the studies considering              
the adjustments up to June 30, 2017, amounting up to BRL 3,847,293 thousand              
(Three Billion, Eight Hundred Forty-Seven Million, Two Hundred and Ninety-Three              
6   31,775,327   41.55%   43,682,635   57.12%   1,012,800   1.32%  
Thousand Brazilian Reais), and Eletrobras shall, on the other hand, assume              
obligations in equivalent amounts, in accordance with conditions established in the              
Resolution of the Investment Partnership Program Council - CPPI number 20, dated              
November 8, 2017, amended by the Resolutions of the Investment Partnership              
Program Council - CPPI number 28, dated November 22, 2017, and number 29,              
dated December 28, 2017;              
 
 
Item   For   %   Against   %   Abstain   %  
 
To approve the sale of all shares, except 1 (one) common share, issued by Boa Vista              
Energia S.A (hereinafter referred to as “Boa Vista Energia”), owned by Eletrobras, in a              
privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. – B3, for the price              
of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the granting of              
concession by the Granting Power for the term of 30 (thirty) years, under the terms of              
Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with the conditions              
established under the Resolution of the Investment Partnership Program Council -              
CPPI number 20, dated November 8, 2017, with the amendments to the Resolutions              
7   34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
of the Investment Partnership Program Council - CPPI number 28, dated November              
22, 2017, and number 29, dated December 28, 2017, including the assumption by              
Eletrobras of debts of said Distribution Company and/or the conversion of the debts of              
said Distributoion Company in capital increase by Eletrobras, at an amount up to BRL              
342,120,486.20 (Three Hundred and Forty-Two Million, One Hundred and Twenty              
Thousand, Four Hundred and Eighty-Six Brazilian Reais and Twenty cents), in the              
period established by the 169th Extraordinary General Meeting, held on December 28,              
2017;              
 
 
 
Item   For   %   Against   %   Abstain   %  
To approve, as long as item 7 disclosed above is not approved, the dissolution and              
8   28,830,927   37.70%   46,672,035   61.03%   967,800   1.27%  
liquidation of Boa Vista Energia;              

 

 

Item   For   %   Against   %   Abstain   %  
 
To approve, since the sale referred to in Item 7 disclosed above is approved, that              
Eletrobras assumes the rights of Boa Vista Energia, regarding the Fuel Consumption              
Account - CCC and the Energy Development Account - CDE, recognized in the              
Financial Statements of the Distribution Companies on the base date of the studies              
considering the adjustments up to June 30, 2017, amounting up to BRL 278,360              
thousand (Two Hundred and Seventy-Eight Million, Three Hundred and Sixty              
9   31,775,327   41.55%   43,682,635   57.12%   1,012,800   1.32%  
Thousand Brazilian Reais), and Eletrobras shall, on the other hand, assume              
obligations in equivalent amounts, in accordance with conditions established in the              
Resolution of the Investment Partnership Program Council - CPPI number 20, dated              
November 8, 2017, as amended by the Resolutions of the Investment Partnership              
Program Council - CPPI number 28, dated November 22, 2017, and number 29,              
dated December 28, 2017;              

 

 

  Item   For   %   Against   %   Abstain   %  
 
  To approve the sale of all shares, except 1 (one) common share, issued by Amazonas              
  Distribuidora de Energia S.A (hereinafter referred to as “Amazonas Energia”), owned              
  by Eletrobras, in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A.              
  – B3, for the price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to              
  the granting of concession by the Granting Power for the term of 30 (thirty) years,              
  under the terms of Paragraph 1-A of Article 8 of Law 12783/2013 and in accordance              
  with the conditions established in the Resolution of the Investment Partnership              
  Program Council - CPPI number 20, dated November 8, 2017, with the amendments              
  to the Resolutions of the Investment Partnership Program Council - CPPI number 28,              
  dated November 22, 2017, and number 29, dated December 28, 2017, including the              
  assumption by Eletrobras of debts of said Distribution Company and/or conversion of              
  debts of said Distribution Company in capital increase by Eletrobras, amounting up to              
  BRL 8,911,866,558.94 (Eight Billion, Nine Hundred and Eleven Million, Eight Hundred              
  Sixty-Six Thousand, Five Hundred and Fifty-Eight Brazilian Reais and Ninety-Four              
  cents), provided that: (i) the unbundling of generation and transmission activities from              
  the distribution activities of Amazonas Distribuidora de Energia S.A., with the transfer              
  of Amazonas Geração e Transmissão S.A. to Eletrobras, happens until March 2,              
10     34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
  2018, without any additional assumption of obligations by Eletrobras, in addition to              
  those set forth in the Resolution of the Investment Partnership Program Council -              
  CPPI number 20, dated November 8, 2017, as amended by the Resolutions of the              
  Investment Partnership Program Council - CPPI number 28, dated November 22,              
  2017, and number 29, dated December 28, 2017; (ii) Amazonas Energia, prior to the              
  assumption by Eletrobras of debts of said Distribution Company and/or conversion of              
  debts of said Distribution Company in the capital increase referred to in this item 10,              
  transfer the entirety of the shares issued by Amazonas Geração e Transmissão S.A. -              
  Amazonas GT for Eletrobras and/or third party, aiming at the partial settlement of its              
  debts and whose amount will be deducted from the adjustment amount of BRL              
  8,911,866,558.94 (Eight Billion, Nine Hundred and Eleven Million, Eight Hundred and              
  Sixty Six Thousand, Five Hundred and Fifty-Eight Brazilian Reais and Ninety-Four              
  cents); and (iii) that there is recognition by the regulatory agencies, the Granting              
  Power and/or by judicial means in a final decision, of the right to full reimbursement by              
  the Sectoral Funds CCC - Fossil Fuel Account and/or CDE - Economic Development              
  Account, "take or pay" and "ship or pay" costs established in the Gas Supply Contract              
  no. OC-1902/2006 and its amendments, according to Law no. 12111/2009.              

 

 

  Item   For   %   Against   %   Abstain   %  
  To approve, as long as item 10 disclosed above is not approved, the dissolution and            
11     28,830,927   37.70%   46,672,035   61.03%   967,800   1.27%  
  liquidation of Amazonas Energia;              
 
  Item   For   %   Against   %   Abstain   %  
 
  To approve, since the sale referred to in Item 10 disclosed above is approved, that            
  Eletrobras assumes the rights of Amazonas Energia, regarding the Fuel Consumption            
  Account - CCC and the Energy Development Account - CDE, recognized in the              
  Financial Statements of the Distribution Companies on the base date of the studies            
  considering the adjustments up to June 30, 2017, amounting up to BRL 4,055,549            
  thousand (Four Billion, Fifty-Five Million, Five Hundred and Forty-Nine Thousand            
12     31,775,327   41.55%   43,682,635   57.12%   1,012,800   1.32%  
  Brazilian Reais), and Eletrobras shall, on the other hand, assume obligations in              
  equivalent amounts, in accordance with conditions established in the Resolution of            
  the Investment Partnership Program Council - CPPI number 20, dated November 8,            
  2017, as amended by the Resolutions of the Investment Partnership Program Council -            
  CPPI number 28, dated November 22, 2017, and number 29, dated December 28,            
  2017;              
 
 
  Item   For   %   Against   %   Abstain   %  
 
  To approve the sale of all shares, except one (1) common share, issued by              
  Companhia Energética do Piauí (hereinafter referred to as “Cepisa”), owned by              
  Eletrobras, in a privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. –            
  B3, for the price of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the            
  granting of concession by the Granting Power for the term of 30 (thirty) years, under            
  the terms of Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with            
  the conditions established under the Resolution of the Investment Partnership              
13     34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
  Program Council - CPPI number 20, dated November 8, 2017, with the amendments            
  to the Resolutions of the Investment Partnership Program Council- CPPI number 28,            
  dated November 22, 2017, and number 29, dated December 28, 2017, including the            
  assumption by Eletrobras of debts of said Distribution Company and/or the conversion            
  of the debts of said Distribution Company in capital increase by Eletrobras, at an            
  amount up to BRL 50,000.00 (Fifty Thousand Brazilian Reais), in the period              
  established by the 169th Extraordinary General Meeting, held on December 28, 2017;            

 

 

  Item   For   %   Against   %   Abstain   %  
  To approve, as long as item 13 disclosed above is not approved, the dissolution and              
14     28,830,927   37.70%   46,672,035   61.03%   967,800   1.27%  
  liquidation of Cepisa;              
 
  Item   For   %   Against   %   Abstain   %  
 
  Approving the sale of all shares, except 1 (one) common share, issued by Companhia              
  Energética de Alagoas (hereinafter referred to as “Ceal”), owned by Eletrobras, in a              
  privatization auction to be conducted by Brasil, Bolsa, Balcão S.A. – B3, for the price              
  of BRL 50,000.00 (Fifty Thousand Brazilian Reais), connected to the granting of              
  concession by the Granting Power for the term of 30 (thirty) years, under the terms of              
  Paragraph 1-A of Article 8 of Law 12,783/2013 and in accordance with the conditions              
  established under the Resolution of the Investment Partnership Program Council -              
  CPPI number 20, dated November 8, 2017, with the amendments to the Resolutions              
15     34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
  of the Investment Partnership Program Council - CPPI number 28, dated November              
  22, 2017, and number 29, dated December 28, 2017, including the assumption by              
  Eletrobras of debts of said Distribution Company and/or the conversion of the debts of              
  said Distribution Company in capital increase by Eletrobras, at an amount up to BRL              
  50,000.00 (Fifty Thousand Brazilian Reais), provided that there is execution and              
  judicial homologation connected to the payment of salary differences arising out of              
  Bresser Plan, in the period established by the 169th Extraordinary General Meeting,              
  held on December 28, 2017;              
 
 
 
  Item   For   %   Against   %   Abstain   %  
  To approve, as long as item 15 disclosed above is not approved, the dissolution and              
16     28,830,927   37.70%   46,672,035   61.03%   967,800   1.27%  
  liquidation of Ceal;              

 

 

  Item   For   %   Against   %   Abstain   %  
 
  To approve, according to Decree No. 1,091 of March 21, 1994, the free assignment,              
  by Eletrobras, of the preemptive right to subscribe new shares to be issued by the              
  distribution campanies, which transfers of controlling interest were approved under the              
  terms of Items 1, 4, 10, 13 and 15 disclosed above, under the scope of the capital              
  increase to be performed by the new controlling shareholder(s), winner(s) of the              
17     34,840,680   45.56%   40,662,282   53.17%   967,800   1.27%  
  Privatization Auctions, to employees and retirees of the respective distribution              
  companies, as provided for under the Resolution of the Investment Partnership              
  Program Council – CPPI number 20, dated November 8, 2017, as amended by the              
  Resolutions of the Investment Partnership Program Council - CPPI number 28, dated              
  November 22, 2017, and number 29, dated December 28, 2017;              
 
 
  Item   For   %   Against   %   Abstain   %  
 
  To delegate powers to the Eletrobras’ Board of Directors to resolve on the exercise of              
  Eletrobras' option to increase the interest, up to 30% (thirty percent), in the capital of              
  the Distribution Companies whose controlling interest’s transfers were approved,              
  under the terms of Items 1, 4, 7, 10, 13 and 15 disclosed above, within the term of up              
  to 6 (six) months, counted as of the date of execution of the respective controlling              
18     34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
  interest transfer agreement, as set forth in the Resolution of the Investment              
  Partnership Program Council - CPPI number 20, dated November 8, 2017, with the              
  amendments of the Resolutions of the Investment Partnership Program Council -              
  CPPI number 28, dated November 22, 2017, and number 29, dated December 28,              
  2017; and              
 
 
  Item   For   %   Against   %   Abstain   %  
 
  To approve the adoption of measures for liquidation and dissolution of the distribution              
  companies which transfers of controlling interests were not approved under the terms              
  of Items 1, 4, 7, 10, 13 and 15 disclosed above, in case of non-compliance with the              
19     34,796,780   45.50%   40,706,182   53.23%   967,800   1.27%  
  conditions set forth in items 10 and 15 disclosed above or the term established by the              
  169th Extraordinary General Meeting for the signing of the contract for the transfer of              
  the shareholding control held by Eletrobras in the distribution companies.              

 

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 7, 2018
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:
/ S /  Armando Casado de Araujo
 
Armando Casado de Araujo
Chief Financial and Investor Relation Officer
 
 

 

 
FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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