Eletropaulo
Encyclopedia
AES Eletropaulo is a major Brazil
ian power distributor in the state of São Paulo
, created in the breakup of the old state-owned power distribution company Eletropaulo that monopolized electricity distribution in São Paulo from 1981 to 1999. The similarity of the names makes most old customers call it simply Eletropaulo.
The company has around 5.8 million customers - nearly 16.3 million people - in an area of 4526 kilometers ², in 24 municipalities in the metropolitan area of São Paulo
, including the city itself;
Its stock is traded on BM&F Bovespa, where it is part of the Ibovespa
index. The company is majority owned by AES Corporation
.
, Canada. After 1912, this company was part of the holding company
Brazilian Traction, Light and Power Company (usually known in Brazil simply as "Light"), which eventually changed its name to Brascan (for "Brasil" + "Canada"). At the end of the 1970s, the company's Brazilian assets transferred to Brazilian ownership, first to private hands and then (in 1981) to the government of the state of São Paulo. The Canadian company, which had in the meantime diversified to other areas, still exists under the name Brookfield Asset Management
.
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
ian power distributor in the state of São Paulo
São Paulo (state)
São Paulo is a state in Brazil. It is the major industrial and economic powerhouse of the Brazilian economy. Named after Saint Paul, São Paulo has the largest population, industrial complex, and economic production in the country. It is the richest state in Brazil...
, created in the breakup of the old state-owned power distribution company Eletropaulo that monopolized electricity distribution in São Paulo from 1981 to 1999. The similarity of the names makes most old customers call it simply Eletropaulo.
The company has around 5.8 million customers - nearly 16.3 million people - in an area of 4526 kilometers ², in 24 municipalities in the metropolitan area of São Paulo
São Paulo
São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...
, including the city itself;
Its stock is traded on BM&F Bovespa, where it is part of the Ibovespa
Índice Bovespa
The Bovespa Index is an index of about 50 stocks that are traded on the São Paulo Stock, Mercantile & Futures Exchange ....
index. The company is majority owned by AES Corporation
AES Corporation
AES Corporation is a Fortune 500 company that generates and distributes electrical power. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant from the US Federal Energy Administration and Dennis Bakke from the Office of Management and Budget. AES Corporation is...
.
History
Electrical power infrastructure in São Paulo was originally developed in the first half of the 20th century by the São Paulo Tramway, Light and Power Company, a company financed with foreign capital and legally domiciled in TorontoToronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Canada. After 1912, this company was part of the holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
Brazilian Traction, Light and Power Company (usually known in Brazil simply as "Light"), which eventually changed its name to Brascan (for "Brasil" + "Canada"). At the end of the 1970s, the company's Brazilian assets transferred to Brazilian ownership, first to private hands and then (in 1981) to the government of the state of São Paulo. The Canadian company, which had in the meantime diversified to other areas, still exists under the name Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
.