Companhia Paranaense de Energia – Copel operates as a leading integrated electricity company in Brazil, specializing in the generation, transmission, distribution, and commercialization of electric power. The company primarily serves the State of Paraná while extending its operations across ten additional Brazilian states through its generation and transmission assets. Copel’s business model centers on renewable energy, with an installed capacity of 5,961.2 MW derived entirely from hydroelectric and wind sources as of December 31, 2025. The company also holds equity interests in generation assets, bringing its total installed capacity to 6,226.1 MW.

Copel generates revenue through the sale of electricity to a diverse customer base, including industrial, residential, commercial, and rural consumers. The company’s distribution segment operates under concessions granted by ANEEL, Brazil’s electricity regulatory agency, covering 394 of Paraná’s 399 municipalities and one municipality in Santa Catarina. Transmission and generation activities further contribute to revenue, supported by a network of 4,594 km of transmission lines and 218,470 km of distribution lines, one of Brazil’s largest grids. Additional income streams include energy commercialization and digital services, aligning with the company’s strategy to expand into self-production and retail segments.

The company operates through the following segments:

• Copel GeT: This segment oversees the generation and transmission of electricity, managing seven hydroelectric plants and 42 wind plants with a combined installed capacity of 5,961.2 MW. It also includes the operation of transmission lines and equity investments in generation assets, ensuring a diversified and renewable-focused energy portfolio.

• Copel Distribuição: This segment focuses on the distribution of electricity to end consumers, serving residential, industrial, commercial, and rural customers across Paraná and parts of Santa Catarina. It operates one of Brazil’s largest distribution grids, ensuring reliable power delivery under regulatory concessions.

• Copel Comercialização: This segment engages in the commercialization of electricity, targeting free-market customers and expanding into retail energy services. It supports the company’s strategy to diversify revenue streams beyond regulated distribution.

• Copel Serviços: This segment provides ancillary services, including digital solutions, innovation-driven products, and operational support for the company’s core energy businesses. It plays a key role in enhancing customer experience and driving efficiency gains.

Copel holds a dominant position in Paraná’s electricity sector, ranking as the state’s largest energy company. Its competitive advantages include a fully renewable energy portfolio, an extensive transmission and distribution network, and regulatory concessions that secure long-term market access. Key competitors include other Brazilian utilities such as Eletrobras, Neoenergia, and CPFL Energia, though Copel’s integrated model and focus on sustainability differentiate it within the industry. The company’s strategic priorities, including operational efficiency, capital discipline, and ESG best practices, further strengthen its market position.

The company’s customer base is broadly diversified, with industrial clients accounting for 35.3% of electricity supply in 2025, followed by residential (27.5%), commercial (20.2%), and rural or other customers (14.1%). Free-market customers also represent a growing segment, reflecting Copel’s expansion into energy commercialization. The company serves millions of consumers across Paraná and other Brazilian states, leveraging its regulatory concessions and infrastructure to maintain a stable and scalable customer base.