Elektro Redes S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022

Elektro Redes SA, formerly ELEKTRO Eletricidade e Servicos SA, is a Brazil-based company engaged in the utility sector. The Company is focused on distribution of electricity. The Company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore the systems of distribution and commercialization of electrical power to end users. It supplies electric energy to various sectors, including industrial, residential, rural and public sectors, among others. The Company distributes electrical energy to approximately 223 municipalities in the state of Sao Paulo and to around five municipalities in the state of Mato Grosso do Sul. The Company's major shareholder is Iberdrola Brasil SA.