CENTRAIS ELETRICAS DE SANTA CATARINA S.A.

Centrais Eletricas de Santa Catarina S.A.(CELESC). The Company's principal activities are the generation, transmission and distribution of electricity in a concessionaire bases and other related activities. The company operates in the state of Santa Catarina. Sale of electricity to the industrial sector accounted for 37.40% of 2002 revenues; residential sector, 33%; commercial sector, 17%; rural sector, 6.50% and public power supply, 6.10% . Sales to the industrial sector accounted for 37.4 % of 2002 revenues; residential, 33%; commercial 17%; rural 6.5%; public 6.1%