Public Power Corporation S.A. provided earnings guidance for the full year of 2011. The decline in revenues from electricity sales is estimated to be app. 7% compared to 2010, with turnover marking app. a 6% decline. EBITDA margin is estimated to be in the range of 14%. The estimated reduction in EBITDA margin compared to the nine month 2011 is mainly attributed to a higher energy mix cost, especially due to the significantly lower hydro generation and the impact from the variable cost recovery mechanism. There might be a further negative impact in EBITDA from the potential increase in provisions in relation to amounts due by third party suppliers.