TAX TREATMENT OF CARBON CREDIT OPERATIONS IN BRAZILIAN COMPANIES WITH CDM PROJECTS

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Vanderlei dos Santos

2012-06-01

Full Text Available The aim in this study is to identify the tax treatment applied to carbon credit operations in Brazilian companies that are developing projects in the context of the Clean Development Mechanism (CDM. Therefore, an exploratory research with a qualitative approach was developed. Data were collected with the help of questionnaire, forwarded to all Brazilian companies with CDM projects that received approval from the Inter-Ministerial Commission on Global Climate Change (CIMGC without safeguards, according to the list of the Brazilian Ministry of Science and Technology. Out of 117 companies listed, only five answered the research instrument, which represents an accessibility sample. The results show that, as for the tax treatment applied in the companies under analysis, IRPJ and CSLL should be charged on carbon credit operations. Regarding PIS, COFINS, ISS, some companies considered that these taxes are due and others that they are not. There is a consensus, though, about the fact that ICMS and IOF should not be charged. In conclusion, no uniform understanding exists as of yet about due taxes in the research sample, as no specific fiscal legislation exists yet on carbon credits in Brazil.

Best Practices in Brazilian Companies

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Catia dos Reis Machado

2013-04-01

Full Text Available Competitive intelligence (CI is a systematic and ethical collection, analysis, dissemination and management of information about the external environment that may affect the plans, decisions and operations of the organization. Knowledge management (KM can be seen as a tool to promote organizational knowledge through the use of activities designed to identify, create, store, share and use knowledge. Companies face a challenge in the era of knowledge, it is the extraction and management of knowledge produced by people in the organization. CI and KM combined generates organizational intelligence. The exploratory study, based on literature and multicase study, we sought to identify best practices in processes of CI and KM in Brazilian companies. We identified practices related to the CI design process, the stages of the CI, the use of networks, and knowledge management. We also identified, points of attention on the internal/external organizational environment.

R&D+ i Strategic Management in a Public Company in the Brazilian Electric Sector

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Ruy De Quadros Carvalho

2013-05-01

Full Text Available The purpose of this paper is - by reporting an experience of structuring processes and tools related to the strategic management of R&D in the electricity sector – to show the conditions and potential for improved efficiency, efficacy, and effectiveness in the R&D program set by ANEEL. The methodology is action research. This is because the proposed and tested model is the result of reflection and resolution of critical organizational issues, applied in a public company in the electric power sector. Act No. 9,991 of July 24, 2000 provides for the obligation on the part of concessionaires, permittees, and licensees in the electric power sector to invest part of their operating revenue in research and development (R&D. For the effective implementation of these legal obligations, companies prepare their annual R&D programs, comprising projects that aim at developing innovative solutions for their processes and increasing business efficiency. However, the urgency to comply with the contractual provisions, coupled with the small amount of experience most companies have when it comes to carrying out R&D activities and projects, has led to the gradual formation of a mode of R&D implementation and management that does not favor its optimization and alignment with the goals the utility companies and the sector’s own technological development . The approach proposed in this paper consists of structuring the processes and tools related to the management of R&D driven by innovation (R&D+i and aligned with with the business strategy. These processes include the adoption of procedures and tools to manage structured, integrated decision-making flows involved in the innovation process, aiming at full alignment with business goals and objectives.

Lifestyle factors, direct and indirect costs for a Brazilian airline company

NARCIS (Netherlands)

F.M. Rabacow (Fabiana Maluf); O. Do Carmo Luiz (Olinda); A.M. Malik (Ana Maria); A. Burdorf (Alex)

2014-01-01

textabstractObjective: To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. Methods: In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave

THE INTERNATIONALIZATION OF THE SOFTWARE MARKET: OPPORTUNITIES AND CHALLENGES FOR BRAZILIAN COMPANIES

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Oscar Roberto Burzynski

2010-12-01

Full Text Available This paper deals with the potential for internationalization of the Brazilian software industry from the perspective of software developers and service providers. The purpose of the study conducted was to better understand the way Brazilian software companies relate to the international software market by comparing the perceptions of entrepreneurs and those of government agency officials responsible for increasing Brazil's participation in the international software market. Data collection took place by means of semi-structured interviews with entrepreneurs and government agency officials. The data gathered was subjected to content analysis. Results show that Brazilian software companies perform poorly with regard to levels of exporting their products and services for a number of reasons, among which the most outstanding is that they still think that the internal market offers enough challenges and opportunities.

Brazilian energy

International Nuclear Information System (INIS)

O'Shaughnessy, H.

1997-04-01

Brazilian Energy provides all the information necessary for energy companies to invest and operate in Brazil, including: a review of Brazil's natural resources; an assessment of privatisation strategies at the federal, state and regional level; an analysis of the electricity industry and the future for Electrobras; an analysis of the oil industry and, in particular, Petrobras; a discussion of the fuel alcohol industry; the discovery of local natural gas, its prospects and the involvement of the auto industry; an assessment of the problems facing the coal industry and its future; a discussion of the regulatory framework for the newly privatised companies; the importance of intra-regional energy links and the booming membership of Mercosur; the difficulties experienced by foreign investors doing business in Brazil; brief profiles of the key energy companies; profiles of key people influencing the privatisation process in Brazil. Brazilian energy is essential reading for those wishing to advise and assist Brazil in this period of change and development, as well as those who wish to invest or become key players in the Brazilian energy sector. (author)

Budgeting practices: a study on Brazilian hotel companies

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Paula de Souza

2015-12-01

Full Text Available This study aims to explore the budgeting practices in the hotel companies of Brazil’s main tourist centers. The justification is oriented by the number of foreign tourists received by the top ten Brazilian tourist destinations, which reaches 95% of the country. Another motivation is the lack of research on hotel companies in developing countries, and it should also be considered that Brazil will host the World Cup in 2014 and the Olympic Games in 2016, which requires a suitable hotel structure to receive a large number of athletes and tourists. Thus, in order to achieve the purpose of this study, surveys were sent to the hotels associated with the Brazilian Association of the Hotel Industry (ABIH, with replies by 40 hotel companies. Descriptive statistics were applied to the results, in order to improve the basis for discussions. The results indicate that most of the hotels adopt corporate budgeting with bottom-up as main budgeting process. Research shows that budgets are developed, more frequently, using the results from previous years and economic indicators. In the performance evaluation, the comparative analysis, the analysis of the causes of deviations and adequacy measures are often applied. The analysis of variance is primarily directed at controlling costs/expenses, identifying potential problems and providing feedback for the next period.

Fair Information Principles of Brazilian Companies online privacy policies

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Patricia Zeni Marchiori

2016-05-01

Full Text Available This research aims to present the Fair Information Principles in the privacy policies of the websites of major Brazilian companies (according to the 2014 Forbes Magazine list. The check and analysis were supported by a checklist compiled from documents issued by the Federal Trade Commission and the Organization for Economic Co-operation and development. The study selected fourteen companies from a universe of twenty-five, considering the immediacy criterion of access to the privacy policy on their websites. The security (safeguards principle is the most widespread foundation at the privacy policies of the companies selected (existing in eight of the fourteen analyzed policies; and the principle of responsibility receives less adhesion due to the fact that it is not covered in any of the examined online privacy policies. The Sabesp Company presents the most complete privacy policy, considering the compliance with the Fair Information Principles when compared to the others perused, while WEG does not present any of the principles identified in the documental survey. As for e-commerce, the number of companies that assume some of the Principles is further reduced. For the selected universe the adherence to the Fair information Principles is still incipient, althought its use is not mandatory. An open discussion of the proposed Brazilian law about personal data protection should play an important role in creating further guidance on the subject. Additional studies in this subject should involve the perception of users, as well as a cutout of companies which target e-commerce, considering that an effective alignment with these principles and other guidelines are required in order to protect the user’s privacy and personal data in the web environment.

Project management as a competitive advantage for the internationalization of Brazilian companies

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Andre Luiz Spinelli Schelini

2017-12-01

Full Text Available This study focuses on three theoretical axes: project management (PM, internationalization of companies and the resource-based view (RBV. It aimed to analyze if, and in what way, PM maturity contributes to the international strategy of Brazilian companies from the RBV perspective. The research strategy adopted in three Brazilian companies constituted a multiple case study with a descriptive exploratory approach through intercase and intracase analysis. As an unprecedented result, the study identified five characteristics of mature project management: project sustainability, stakeholder engagement, goal setting and strategy, change management, and risk management. Furthermore, all of these contributed to the internationalization of the companies in question, with an impact on competitive advantage, considering the RBV-VRIO analysis. Thus, the study contributes to the field by aiding companies that are beginning or intend to begin internationalization processes, enabling them to obtain better results through PM. A limitation of the study is the small number of cases investigated, which may be viewed as an opportunity for conducting further studies.

Stock Options Economic Determinants of Brazilian Listed Companies

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Isaac Gezer Silva de Oliveira

2018-01-01

Full Text Available It aim to identify the economic determinants that influence the use of stock options plans in Brazilian public companies listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBovespa. Theoretically, the study relies on agency theory and corporate governance and executive compensation body of knowledge. Four research hypotheses were drawn concerning financial performance and corporate value; indebtedness; ownership concentration; and size. The sample was comprised of 100 companies with greater liquidity shares and volume for six years (from 2010 to2015.Data were examined from the logistic regression panel. The results lead to the rejection of the first and the fourth hypo the sesindicating, in the case of H1, that the higher financial performance the lower is probability of use stock options and, in the case of H4, that the higher size is related the lower is probability of use of stock options in their incentive plans for executives. The third hypothesis (H3 was not rejected, indicating that the ownership concentration relates negatively with the use of stock options. Regarding the second hypothesis (H2, the results did not present statistical significance indicating the absence of a relationship between indebtedness and the use of stock options. As a summary of the results it was found that the use of stock options tend to be used by lower companies, with lower ownership concentration and lower financial performance.

Participation of the Nuclear Power Plants in the New Brazilian Electric Energy Market

International Nuclear Information System (INIS)

Mathias, S.G.

2004-01-01

A new regulation framework has been established for the Brazilian electric energy market by a law put into effect on March 15,2004. The main overall goals of this new regulation are: to allow the lowest possible tariffs for end users, while providing the necessary economic incentives for the operation of present installations (generating plants, transmission lines, distribution networks) and the expansion of the system; long-term planning of the extension of the installations required to meet the demand growth; separation of the generation, transmission and distribution activities by allocating them into different companies; new contracts between generating and distribution companies must result from bidding processes based on lowest-tariff criteria; and energy from new generating units required to meet the demand growth must be contracted by all distributing companies integrated to the National Interconnected Grid, in individual amounts proportional to their respective markets

DETERMINANT FACTORS OF THE CAPITAL STRUCTURE OF BRAZILIAN TECHNOLOGY COMPANIES

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Camila Freitas Sant´Ana

2015-12-01

Full Text Available The purpose of this study is to identify determinant factors of the capital structure of Brazilian technology companies. The research was characterized as descriptive, document and quantitative, consisting of 21 companies in the communications, telecommunications and digital industry, according to the Exame magazine ranking. The analysis was established from 2009 to 2013 using panel data regression. The results indicate that the growth rate of capital and control type have a positive relationship with the general and long-term debt. However, it was found that company size, profitability and type of capital point to a negative relationship with the capital structure.

Are the electric plans following the Brazilian energy policy?

International Nuclear Information System (INIS)

Metri, Paulo

2013-01-01

The first article of Brazilian law 9.478, enacted in 1997, provides the main objectives for the country's energy policy. After this law came into force, all public and private investments bringing about increase in energy offers should comply with these objectives. The 1990's saw privatizations of major distribution companies as well as of some generation companies, stretching even into the 2000's. At the same time, the basic rules for the electric sector were also modified. The Government maintained its planning role in this sector. Law 10.847, enacted in 2004, sets forth the guidelines for the electric sector's activities. Since then, many rounds of bids have been conducted in order to meet increasing needs of generation and transmission. Now, almost ten years after the introduction of the new rules, some electric-generating plants and transmission lines have been built or are under construction. There is doubt whether these rounds will suffice in satisfying the original goals. Today, nuclear energy is produced exclusively by the State, and it seems that it will remain so for years to come. It is usual to hear that the nuclear energy does not participate in the natural competition existing in the planning stage, because this source is a State imposition. Nuclear plants are built in a pace that guarantees the maintenance of nuclear technology in the country. But nuclear energy has not been banned from electric planning. This planning must encompass all possible judgment criteria, so that the positive aspects of nuclear energy may also stand out. In this way, the objectives established by Law 9,478 may not comprise best judgment criteria. If the planning shows nuclear energy as an attractive alternative, it should not then be adopted as an obligation. (author)

The management strategy of energetic companies before new businesses: CESP - a case study; A postura empresarial de empresas energeticas diante de novos negocios: CESP - um estudo de caso

Energy Technology Data Exchange (ETDEWEB)

Prado Junior, Fernando Amaral de Almeida

1994-12-01

This thesis focuses the new challenges which the Brazilian electric power companies have been facing towards the new market requirements. Special emphasis is given to: organizational theory; Brazilian electric power industry history; and, comparative analysis of the Brazilian electric power system regulation and legislation. A case study is presented based on the electric power company of Sao Paulo State - Southeast Brazil 60 refs., 21 figs., 37 tabs.

Auditor´s report of report of companies of the brazilian electrical sector: one study of the normative adherence of the reports emited between 1999 and 2006

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Marcelo Haendchen Dutra

2008-07-01

Full Text Available The purpose of the present study was to verify the adherence to the normative demands found in the auditors’ reports concerned with the companies of the Brazilian electrical sector. To reach the proposed goal, an exploratory-descriptive study of report samples published between 1999 and 2006 was undertaken, covering the financial statements issued from 1998 to 2005, selected from Closing Balance, of Gazeta Mercantil. The research has an descriptive character and used the content analysis technique for the data analysis and interpretation. The approach adopted was both qualitative and quantitative. 136 auditors’ reports were scrutinized through the comparison between paragraphs contained in those reports and the aforementioned auditing standards issued by the regulating organ, the Accounting Federal Board. 936 frequencies were acknowledged, being divided into adherent and non-adherent, and the 14,9% of non-adherent ones were minutely discussed. Key words: Auditors’ Report, Auditing Standards and Electrical Sector.

Supply adequacy in electricity markets based on hydro systems-the Brazilian case

International Nuclear Information System (INIS)

Luiz da Silva, Edson

2006-01-01

This article examines the practical perspective for introducing the deregulation model in systems with a strong predominance of hydroelectric generation, such as the Brazilian electricity system. In order to do this, the article describes the process of establishing short-term prices in systems with such characteristics, concluding that this economic signal is inefficient for stimulating a sustained generation expansion. As a result of this analysis, the article proposes, as a regulatory policy, a competitive process of energy contracting that favors the making of decisions with long-term horizons, ensuring the adequacy of supply, and, additionally, permitting a satisfactory management of market risk by generation and distribution companies. (author)

What if simulation for a Brazilian company regarding marketing budget

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Diogo André PINTO

2016-06-01

Full Text Available The article research is a case study regarding how to design the marketing budget for a small Brazilian company that started the activity one year ago. Taking into account the data that we gather, we decided to use What-if simulation. The case study is a simplified model representation of a company, adjusted according to the data that is released as target for the following year. In practice, the formulation of a scenario allows the construction of a hypothetical world that the analyst can see and navigate.

76 FR 24465 - Pacific Gas and Electric Company

Science.gov (United States)

2011-05-02

... Electric Company Notice of Application Tendered for Filing With the Commission and Establishing Procedural... Gas and Electric Company. e. Name of Project: Drum-Spaulding Project. f. Location: The west slope of..., Pacific Gas and Electric Company, P.O. Box 770000, San Francisco, CA 94177-0001, (415) 973-4481, or e-mail...

Unconditional conservatism in Brazilian public companies and tax neutrality

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Juliana Pinhata Sanches do Vale

2017-03-01

Full Text Available ABSTRACT Law n. 11,638/2007 legitimized the International Financial Reporting Standards (IFRS adoption process in Brazil and introduced an accounting system detached from tax purposes in the country. This law aims to reduce the influence of tax law on accounting standards and improve the quality of financial reporting, as IFRS are considered to be higher quality standards. International literature shows a reduction in earnings quality in environments where accounting and tax rules are strongly linked. Moreover, the influence of tax legislation on financial accounting is seen to encourage unconditional conservatism, a bias with no advantages for financial market efficiency. Thus, tax neutrality is expected to provide a more favorable institutional environment for quality financial reporting by detaching corporate accounting from tax accounting. In light of the above, this study aims to verify whether the advent of tax neutrality influences unconditional conservatism in Brazilian public companies. The methodology used involves panel data regressions. The sample consists of non-financial publicly-traded companies with information published in Economática® covering 2002 to 2014. The results show differences in the relationship between taxation and financial reporting between firms that are subject to different levels of monitoring in the Brazilian stock market. Evidence of unconditional conservatism is only found in companies that are subject to greater market monitoring. In this group, it is observed that taxation does not induce unconditional conservatism in reported earnings, which is expected in a tax neutrality context.

The new tariff model based on marginal costs developing concept for Brazilian electric sector. A case study for Power and Light Company of Sao Paulo State (Brazil); O novo modelo tarifario baseado no conceito de custos marginais em desenvolvimento para o setor eletrico brasileiro. Um estudo de caso para a Companhia Paulista de Forca e Luz

Energy Technology Data Exchange (ETDEWEB)

Correia, S P.S.

1992-12-31

A new methodology for power generation cost accounts in Brazilian electric sector is described, with the application of marginal costs theory and its deviation in developing economies. A case report from a Brazilian Power and Light Company is studied, focalizing the seasoning, the planning, the tariff model and the power generation, transmission and distribution. (M.V.M.). 19 refs, 28 figs, 1 tab.

The new tariff model based on marginal costs developing concept for Brazilian electric sector. A case study for Power and Light Company of Sao Paulo State (Brazil); O novo modelo tarifario baseado no conceito de custos marginais em desenvolvimento para o setor eletrico brasileiro. Um estudo de caso para a Companhia Paulista de Forca e Luz

Energy Technology Data Exchange (ETDEWEB)

Correia, S.P.S.

1991-12-31

A new methodology for power generation cost accounts in Brazilian electric sector is described, with the application of marginal costs theory and its deviation in developing economies. A case report from a Brazilian Power and Light Company is studied, focalizing the seasoning, the planning, the tariff model and the power generation, transmission and distribution. (M.V.M.). 19 refs, 28 figs, 1 tab.

Environmental degradation costs in electricity generation: The case of the Brazilian electrical matrix

International Nuclear Information System (INIS)

Alves, Laura Araujo; Uturbey, Wadaed

2010-01-01

The main purpose of this paper is to emphasize the importance of including environmental degradation costs in the long-term planning of the Brazilian electricity sector. To this aim, environmental external costs associated to both hydro-power and thermal-power electricity generation are investigated. Monetary valuation methodologies are applied and environmental degradation costs, expressed in per kWh of generated energy, are obtained for the main types of generation sources of the Brazilian electricity matrix. Both local pollution due to particulate matter emissions and global warming effects are assessed. A classification of the sources from the point of view of their impact on the environment is given. Degradation costs associated to the installed capacity expansion in the Brazilian electricity sector during the time horizon 2007-2016 are estimated. These resulting costs represent lower boundary damage estimates associated only with the energy to be generated during the period. Results indicate that local pollution caused by a small number of plants could be even more costly to society than global warming and, also, show the importance of considering not only unitary damage costs but the participation of each source on the generated energy during the time horizon, as a guide to planning and policy making.

The Role of Home Country Political Resources for Brazilian Multinational Companies

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Karina Regina Vieira Bazuchi

2013-10-01

Full Text Available This paper aims to analyze the interactions between home country governments and Developing Country Multinational Companies (DMNCs. Drawing on evidence from the Brazilian political environment and Brazilian multinationals we investigate the mechanisms governments use to influence the internationalization process of domestic companies and firms’ political strategic responses to shape the political institutional environment in which they operate. We argue that foreign direct investment (FDI outflows from developing economies need to be explored given specific country level contextual factors, such as high levels of government involvement. Our main findings support this idea and indicate that home country governments use a series of formal and informal mechanisms in order to drive the international expansion of DMNCs in both the entry and consolidation phases. Moreover, DMNCs political behavior in the home country political environment accounts for an important part of their strategy to develop political resources and obtain above average returns from governmental benefits.

IFRS ADOPTION AND EARNINGS MANAGEMENT IN BRAZILIAN PUBLICLY TRADED COMPANIES

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Roberto Midoguti Joia

2014-03-01

Full Text Available In 2007, Brazil adopted the International Financial Reporting Standards (IFRS. Studies involving publicly traded companies in different countries around the world indicate that these new standards tend to improve the information quality and make it more comparable and transparent. This study was aimed at verifying any changes in the earnings management levels after 2010 and whether this happened in function of the full adoption of the IFRS by the Brazilian publicly traded companies (except for financial institutions. The data were extracted from the three-monthly financial statements of the databases from Economática and the Brazilian Securities Commission for the period from 2006 till 2011. To achieve the research objectives, two tests were applied. The first showed that the average discretionary accruals, calculated through the Modified Jones Model, were lower after 2010. Next, the regression analysis was elaborated, using panel data with Newey-West’s correction. The results did not confirm the hypothesis that the adoption of the IFRS affected the earnings management level in the period under analysis, but showed that the size and indebtedness significantly explain the discretionary accruals, independently of the adoption of the IFRS. The results suggest that larger companies with a large proportion of own capital tend to produce higher quality reports, independently of the adoption of the IFRS.

MEASURES OF EFFICIENCY AND INVESTMENTS RETURN: AN STUDY OF BRAZILIAN ELECTRICITY DISTRIBUTORS WITH DATA ENVELOPMENT ANALYSIS, MALMQUIST INDEX AND ROI

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Valter Saurin

2013-03-01

Full Text Available This paper aims to determine, in a group of companies from the Brazilian electric sector, if there is a relationship between the return on investment (ROI and the concept of efficiency estimated by the method Data Envelopment Analysis (DEA, as well as evaluating the growth of productivity based on Malmquist Index (Fare et al, 1996. The hypothesis is that firms that had return on investment higher during certain period of time are those employed their resources efficiently in getting their outputs (DEA efficient. The input (1 Products (5 DEA model correspond to the operating cost (I, the network length (km, the number of consumers and the market billed high, medium and low voltage, respectively. The sample consisted of 31 companies of Brazilian electricity distribution and timing of the study was from 2007 to 2009. We calculated the Malmquist index (M0, represented by the change in total factor productivity (TFPC, which is composed by the evolution of technical efficiency (EC and the change in the technological frontier (TC of the companies were also determined ROI for each period. We calculated the correlation between the TFPC, TC, EC, score the DEA and the ROI for the period 2007 to 2009. The results showed a positive correlation, although weak, between efficiency change and the indexes mentioned above, rejecting the initial hypothesis

Natural-gas-powered thermoelectricity as a reliability factor in the Brazilian electric sector

International Nuclear Information System (INIS)

Fernandes, E.; Oliveira, J.C.S. de; de Oliveira, P.R.; Alonso, P.S.R.

2008-01-01

The introduction of natural-gas-powered thermoelectricity into the Brazilian generation sector can be considered as a very complex energy, economic, regulatory and institutional revision. Brazil is a country with very specific characteristics in electricity generation, as approximately 80% of the generating capacity is based on hydroelectricity, showing strong dependency on rain and management of water reservoirs. A low rate of investment in the Brazilian Electricity Industry in the period of 1995-2000, associated with periods of low rainfall, led to a dramatic lowering of the water stocks in the reservoirs. With this scenario and the growing supply of natural gas, both from within Brazil and imported, natural gas thermal electric plants became a good option to diversify the electrical supply system. In spite of the Brazilian Government's efforts to install such plants, the country was faced with severe electricity rationing in 2001. The objective of this work is to show the need to continue with the implementation of natural gas thermal electricity projects, in a manner that allows flexibility and guarantees greater working reliability for the entire Brazilian electricity sector. Taking into account the world trend towards renewable energy, the perspectives of usage of biofuels in the Brazilian Energy Matrix and in electrical energy generation are also analyzed. The very issue of electrical power efficiency in Brazil and its challenges and strategic proposals from the standpoint of Government Programs and results provided so far are presented. The technological constraints in order to put on stream the thermal electric plants are also analyzed. The article concludes with a positive perspective of the usage of natural gas as to be the third pillar in the Brazilian Energy Matrix for the years to come

Competitive strategies and models of business management in the Brazilian electric sector; Estrategias competitivas e modelos de gestao empresarial no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Figueiredo, Breno Pinto

1999-12-15

This study draws attention to the fact that most of the discussions and studies related to the restructuring of electricity industry in Brazil, almost exclusively address the technological and institutional aspects involved in the question, when competitive strategies and management models to be followed by power companies are essential to ensure the consolidation of new design of the institutional industry in the daily operation of business. The proposition is that the evaluation of competitive strategies and management models can be a working tool for the State, in addition to offer to the electric power companies administrators an initial map or check list for planning and operation of its business, in the institutional model that is being implemented for the Brazilian electric sector.

Applied risk analysis to the future Brazilian electricity generation matrix

Energy Technology Data Exchange (ETDEWEB)

Maues, Jair; Fernandez, Eloi; Correa, Antonio

2010-09-15

This study compares energy conversion systems for the generation of electrical power, with an emphasis on the Brazilian energy matrix. The financial model applied in this comparison is based on the Portfolio Theory, developed by Harry Markowitz. The risk-return ratio related to the electrical generation mix predicted in the National Energy Plan - 2030, published in 2006 by the Brazilian Energy Research Office, is evaluated. The increase of non-traditional renewable energy in this expected electrical generating mix, specifically, residues of sugar cane plantations and wind energy, reduce not only the risk but also the average cost of the kilowatt-hour generated.

Lifestyle factors, direct and indirect costs for a Brazilian airline company

Science.gov (United States)

Rabacow, Fabiana Maluf; Luiz, Olinda do Carmo; Malik, Ana Maria; Burdorf, Alex

2014-01-01

OBJECTIVE To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. METHODS In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave and healthcare were the primary outcomes of interest. Information on the independent variables, such as gender, age, educational level, type of work, stress, and lifestyle-related factors (body mass index, physical activity, and smoking), was collected using a questionnaire on enrolment in the study. Data on sick leave days were available from the company register, and data on healthcare costs were obtained from insurance records. Multivariate linear regression analysis was used to investigate the association between direct and indirect healthcare costs with sociodemographic, work, and lifestyle-related factors. RESULTS Over the 12-month study period, the average direct healthcare expenditure per worker was US$505.00 and the average indirect cost because of sick leave was US$249.00 per worker. Direct costs were more than twice the indirect costs and both were higher in women. Body mass index was a determinant of direct costs and smoking was a determinant of indirect costs. CONCLUSIONS Obesity and smoking among workers in a Brazilian airline company were associated with increased health costs. Therefore, promoting a healthy diet, physical activity, and anti-tobacco campaigns are important targets for health promotion in this study population. PMID:26039398

Lifestyle factors, direct and indirect costs for a Brazilian airline company.

Science.gov (United States)

Rabacow, Fabiana Maluf; Luiz, Olinda do Carmo; Malik, Ana Maria; Burdorf, Alex

2014-12-01

OBJECTIVE To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. METHODS In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave and healthcare were the primary outcomes of interest. Information on the independent variables, such as gender, age, educational level, type of work, stress, and lifestyle-related factors (body mass index, physical activity, and smoking), was collected using a questionnaire on enrolment in the study. Data on sick leave days were available from the company register, and data on healthcare costs were obtained from insurance records. Multivariate linear regression analysis was used to investigate the association between direct and indirect healthcare costs with sociodemographic, work, and lifestyle-related factors. RESULTS Over the 12-month study period, the average direct healthcare expenditure per worker was US$505.00 and the average indirect cost because of sick leave was US$249.00 per worker. Direct costs were more than twice the indirect costs and both were higher in women. Body mass index was a determinant of direct costs and smoking was a determinant of indirect costs. CONCLUSIONS Obesity and smoking among workers in a Brazilian airline company were associated with increased health costs. Therefore, promoting a healthy diet, physical activity, and anti-tobacco campaigns are important targets for health promotion in this study population.

Lifestyle factors, direct and indirect costs for a Brazilian airline company

Directory of Open Access Journals (Sweden)

Fabiana Maluf Rabacow

2014-12-01

Full Text Available OBJECTIVE To analyze lifestyle risk factors related to direct healthcare costs and the indirect costs due to sick leave among workers of an airline company in Brazil. METHODS In this longitudinal 12-month study of 2,201 employees of a Brazilian airline company, the costs of sick leave and healthcare were the primary outcomes of interest. Information on the independent variables, such as gender, age, educational level, type of work, stress, and lifestyle-related factors (body mass index, physical activity, and smoking, was collected using a questionnaire on enrolment in the study. Data on sick leave days were available from the company register, and data on healthcare costs were obtained from insurance records. Multivariate linear regression analysis was used to investigate the association between direct and indirect healthcare costs with sociodemographic, work, and lifestyle-related factors. RESULTS Over the 12-month study period, the average direct healthcare expenditure per worker was US$505.00 and the average indirect cost because of sick leave was US$249.00 per worker. Direct costs were more than twice the indirect costs and both were higher in women. Body mass index was a determinant of direct costs and smoking was a determinant of indirect costs. CONCLUSIONS Obesity and smoking among workers in a Brazilian airline company were associated with increased health costs. Therefore, promoting a healthy diet, physical activity, and anti-tobacco campaigns are important targets for health promotion in this study population.

Performance indicators proposal for the government electric power distribution facilities in the Brazilian electric sector; Proposta de indicadores de desempenho as distribuidoras de energia federalizadas do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Carregaro, Jose Carlos

2003-07-01

In this dissertation a set of indicators is proposed to the Centrais Eletricas Brasileiras S/A - ELETROBRAS, allowing the holding companies to attain the top position in the market, and a global vision of their performance. The methodology applied the definition of the performance indicators and the context, existing studies, and the indicators used by the Brazilian electric sector. It is expected that the proposed set of indicators be used by ELETROBRAS for a better planning and a more objective control of the holding companies performance, as well as an analysis of their administration strong and weak aspects.

Programs of quality improvement: an exploratory study in large Brazilian construction companies

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Silvia Helena Boarin Pinto

2009-03-01

Full Text Available This article aims to identify the major characteristics of the implementation of quality programs in large construction companies in Brazil. This study focuses on the most accepted and implemented models such as ISO 9000:2000, ISO 14001, Six Sigma and Total Quality Management (TQM. An exploratory study was carried out in seven large companies (approximately 37% of the total number. These companies were chosen from the “500 Largest and Best Brazilian Companies” list, published by Exame Magazine, in 2005, out of a total number of 15 large companies in the sector. The indings of this study show that the companies have been implementing quality programs, have been using more basic quality tools, and have been dificulty accounting resources that come from the implementation of quality programs.

Electricity Self-Generation Costs for Industrial Companies in Cameroon

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Diboma Benjamin Salomon

2010-07-01

Full Text Available Industrial production in developing countries (DC is frequently perturbed by electric energy supply difficulties. To overcome this problem, generators are used in self-generation of energy, but this leads to an increase of electricity-related expenses. This article assesses the impact of electricity self-generation on Cameroonian industrial companies. The model described in this article is based on data collected through a survey of a representative sample of industrial companies and from numerous previous thematic and statistical studies. The results of our analyses show that expenses related to electricity in industrial companies in Cameroon have increased five times due to electricity rationing and untimely power cuts. The article also suggests some solutions to improve the electricity self-generation capacity of industrial companies.

Relationship between determinant factors of disclosure of information on environmental impacts of Brazilian companies

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Mara Vogt

2017-01-01

Full Text Available This study aims at analyzing the relationship between determinant factors of disclosure of information on environmental impacts of Brazilian companies. A descriptive, documental and quantitative research was conducted through a sample of 97 Brazilian companies. In the Sustainability Reports and in the Annual Reports information, five environmental aspects were collected: emissions, effluents, wastes, products and services; and transport, which were used to measure the degree of environmental disclosure. This concludes that there is a relationship between the variables investigated in all analyzed years. The size, audit and Global Reporting Initiative (GRI are associated with disclosure and the Corporate Sustainability Index (CSI, Pollution Potential (POTEN, governance, stocks, Return on Assets (ROA and Return on Equity (ROE are not.

The stochastic effects on the Brazilian Electrical Sector

International Nuclear Information System (INIS)

Ferreira, Pedro Guilherme Costa; Oliveira, Fernando Luiz Cyrino; Souza, Reinaldo Castro

2015-01-01

The size and characteristics of the Brazilian Electrical Sector (BES) are unique. The system includes a large-scale hydrothermal power system with many hydroelectric plants and multiple owners. Due to the historical harnessing of natural resources, the National Interconnected System (NIS) was developed outside of the economic scale of the BES. The central components of the NIS enable energy generated in any part of Brazil to be consumed in distant regions, considering certain technical configurations. This interconnection results in a large-scale complex system and is controlled by robust computational models, used to support the planning and operation of the NIS. This study presents a different vision of the SEB, demonstrating the intrinsic relationship between hydrological stochasticity and the activities executed by the system, which is an important sector of the infrastructure in Brazil. The simulation of energy scenarios is crucial to the optimal manner to operate the sector and to supporting decisions about whether expansion is necessary, thus, avoiding unnecessary costs and/or losses. These scenarios are an imposing factor in the determination of the spot cost of electrical energy, given that the simulated quantities of water in the reservoirs are one of the determinants for the short-term energy price. - Highlights: • The relationship between the hydrological regimes and the energy policy and planning in Brazil; • An overview about the stochastic effects on the Brazilian Electrical Sector; • The stochasticity associated with the Brazilian electrical planning; • The importance of hydro resources management for energy generation in Brazil;

Industrial companies' demand for electricity. Evidence from a micropanel

International Nuclear Information System (INIS)

Bjoerner, T.B.; Togeby, M.; Jensen, H.H.

2001-01-01

The paper presents a micro-econometric analysis of industrial companies' demand for electricity. Previous studies on electricity consumption in the industrial sector have relied on aggregate data or cross-section observations. Here we present an econometric study on electricity demand based on a panel of 2949 Danish companies followed from 1983 to 1996. It is found that estimators of electricity demand that take account of the panel structure (fixed effect models) yield considerably lower price and production elasticities compared to estimators that do not (like cross-section models). It is also investigated how various company characteristics like size, type of industrial sub-sector and electricity intensity in production influence price and production elasticities. It appears that companies with a high electricity intensity also have a high own-price elasticity

COMPARATIVE EVIDENCE ABOUT KNOWLEDGE TRANSFER BETWEEN BRAZILIAN AND FOREIGN FRANCHISE COMPANIES

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Rogério Stival Morgado

2012-01-01

Full Text Available The objective of this study is to compare the process of transferring knowledge in franchising between Brazilian and international companies operating in Brazil. Franchising has shown an important phenomenon in many countries, with considerable evidence of growing globally. It is a new type of business organization as an object of academic research field offering great reviews, but also limitations as references and studies of depth of field. The traditional literature in management emphasis on franchising, in large part to its importance as a way to circumvent resource constraints, as their characteristics and definition of business practices among its different parts. The transfer of knowledge in franchising is still a gap especially among companies in different countries. In addition, we adopted a methodology that this study followed a qualitative research with in-depth interviews of franchisees. The results show that Brazilian firms oriented transfer of knowledge in franchising for more lawsuits based on tacit knowledge, thus using more informal and less number of transfer mechanisms in these processes. International companies operating in Brazil for franchising rely on formal processes with periodic meetings, training and technological resources, and therefore have a greater control over the process of transferring knowledge to the franchised units. Thus, this study seeks to help we better understand franchising, development processes and their expansion in emerging markets like Brazil.

Smart Grid Communication Technologies in the Brazilian Electrical Sector

OpenAIRE

Kühne, Philipp; Hauer, Ines; Styczynski, Zbigniew A.; Fernandes, Rubipiara; Vale, Zita

2013-01-01

Intelligent electrical grids can be considered as the next generation of electrical energy transportation. The enormous potential leads to worldwide focus of research on the technology of smart grids. This paper aims to present a review of the Brazilian electricity sector in context with the integration of communication technologies for smart grids. The work gives an overview of the generation, transmission and distribution of electrical energy in the Brazil and a brief summary ...

Cleaner Production: A Growing Movement in Brazilian Companies

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Oduvaldo Vendrametto

2010-03-01

Full Text Available Cleaner Production (CP is gaining emphasis in both world and Brazilian production sectors. Nature’s warnings indicating the exhaustion of any capacity to absorb and regenerate waste, stricter legislation regarding pollution emitters, market competitiveness associated with environmental and social responsibility cause concerns and lead to actions to reduce aggressions against the environment. This paper shows evidence of this concern and presents cases in which a large automotive industry, acting as a partner to suppliers, promotes changes in how it delivers its products, eliminating large cardboard, plastic and wood packaging. A small company had a similar initiative, reducing the use of cardboard and plastic packaging. More important is the revelation of a widely dispersed, yet growing and incremental movement of responsibilities among companies.The benefits of cleaner production implementation were evaluated by confronting environmental and financial assessment. For the ambient evaluation, it will be used methodology of Material Intensity (Wuppertal Institute, a.

The six sigma program: an empirical study of brazilian companies.

OpenAIRE

Carvalho, Marly Monteiro de; Ho, Linda Lee; Pinto, Silvia Helena Boarin

2014-01-01

Purpose – The purpose of this paper is to assess the status of Six Sigma's status in Brazilian companies and understand the integration of this program with other quality management approaches. Additionally, the critical success factors (CSFs) for Six Sigma implementation and primary Six Sigma program characteristics were identified. Finally, the results of the used of Six Sigma were analysed. Design/methodology/approach – An extensive literature review illustrates the primary Six Sigma c...

Determinants of Audit fees by Brazilian Companies Publicly Traded

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Victor Placeres Borges

2017-08-01

Full Text Available The studies on the determinants of audit fees in Brazil became possible with the mandatory disclosure of audit expenses in 2009. Thus, the objective of this research was to identify the determinants of the fees paid by Brazilian publicly traded companies to independent auditors in 2010 to 2014. The analysis took place through regression with data arranged in panel. Size, performance, complexity, audit firm size, adoption of corporate governance practices, audit rotation, industry and litigation risks have all been found to have an impact on the fees. Therefore, the aspects that can be used by companies for the purpose of information management or that require more auditing timefor signaling points of greater risks are highlighted. In addition, understanding the determinants allows companies to plan future expenditures with audit fees and assists regulators and inspectors in defining and comparing key determinants of firms for identifying abnormal payments. These results complement the research in Brazil, Australia, Bangladesh, Norway, Bahrain, England, Jordan, Kuwait, USA, Malaysia, Nigeria, Abu Dhabi, Italy and Indonesia.

78 FR 72877 - Arkansas Electric Corporation v. Oklahoma Gas and Electric Company; Notice of Complaint

Science.gov (United States)

2013-12-04

... Electric Corporation v. Oklahoma Gas and Electric Company; Notice of Complaint Take notice that on November... Commission (Commission), 18 CFR 385.206, Arkansas Electric Corporation (Complainant) filed a formal complaint against Oklahoma Gas and Electric Company (Respondents), alleging that the Respondent's Production Formula...

INNOVATION PROCESS IN OPEN CAPITAL BRAZILIAN COMPANIES

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Ricardo Floriani

2013-12-01

Full Text Available This study aims to identify the innovation process used by the open capital Brazilian companies and establish a ranking of the potentially innovative ones. For this, a questionnaire was sent to 484 companies with shares traded in Bovespa, receiving a response from 22. The innovation process is based on the model of Barrett and Sexton (2006. A summary of the results is presented below. (i Organizational Capabilities – 95.5% answered that they have incentives for innovation activities and 68.2% reported having procedures for all services. The leadership has a facilitator role encouraging the initiative (86.4% and promotes the maintenance of the group relationship (72.7%. Value risk taking, even through failures and prioritize the learning and experimenting new ideas. (ii Background of the innovation – reveals aspects of the capacity (internal or (external. Of the respondents, 59.1% developed internal activities of continuing P & D. Training to innovate is present in a continuous or occasional basis in 81.8% of the companies. The respondents characterize the economic environment as dynamic and the majority purchased software and equipments. In only 12 opportunities was a reference to obtaining patents as innovation protection measure. (iii Focus of innovation – the majority of the companies mentioned process or product innovation. Rewards are offered when the objectives are met and it is brought to attention when this does not occur. (iv Highlighted performance – the innovations achieved the expectations and created effects. The relevant benefits noticed were: improvement in quality of goods and services, increase of market share, increase of goods and services, and increase of productive capacity.

Research on service strategy of electricity selling company under the reform of electricity market

Science.gov (United States)

Long, Zhuhan; Meng, Shiyu; Dou, Jinyue; Zeng, Ming; Sun, Chenjun

2017-10-01

The opening of the sale side of electricity market is an important goal of the new round of power system reform in China, and it is necessary to speed up the establishment and development of the electricity selling companies to achieve this goal. First of all, this paper defines the key problems, which are needed to be solved in the establishment of the sale side market, such as demand side response, optimization of users' power consumption mode, profit mode of electricity selling companies and fair competition in the market. On this basis, this paper analyzes the business of electricity selling company, from the aspects of the transition of business ideas, improving the energy efficiency level, providing integrated energy solutions and innovating business management mode; and then, the service strategies of electricity selling companies are put forward.

78 FR 72552 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-12-03

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... General Electric Company model GEnx-2B67 and GEnx-2B67B turbofan engines. This AD was prompted by the... certain serial number General Electric Company (GE) model GEnx-2B67 and GEnx-2B67B turbofan engines. The...

Innovation Networks: the Contribution of Partnerships to Innovative Performance of Firms in the Brazilian Electrical-Electronics Industry

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Silvye Ane Massaini

2015-01-01

Full Text Available Innovation networks have been identified in the literature as a way to complement firms’ innovative capabilities through collaboration with other partners. To provide empirical evidence for this assertion, this paper investigates the contribution of partners established in innovation networks for innovative performance of firms in the Brazilian electricalelectronics industry. For this purpose, we carried out an exploratory and descriptive survey among 185 companies. The data were analyzed using structural equation modeling (SEM. As the main findings, we observed that the establishment of collaborative relationships with customers, competitors and universities/research institutions can contribute to organizational and process innovation. However, despite obtaining some significant results concerning the contribution of different partners in the network, electrical-electronics industry companies also attach great importance to internal activities to develop their innovations.

78 FR 56594 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-09-13

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... General Electric Company (GE) GE90-76B, -85B, -90B, -94B, -110B1, and - 115B turbofan engines. This AD was...) Applicability This AD applies to General Electric Company (GE): (1) GE90-76B, -85B, -90B, and -94B turbofan...

The Individual Limited Liability Company in the Brazilian Legal System and Portuguese Experience of Single Shareholder Private Companies

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Eugênio Duarte Vasques

2016-11-01

Full Text Available The scope of this essay is to analyze aspects of individual limited liability company in the Brazilian legal system, which raises the issue of the requirement of minimum capital contribution to the company’s constitution. Therefore, we seek to expose initially the historical responsibility of the individual entrepreneur, and then the current context of Portuguese single shareholder private companies. After these considerations, we focus on addressing the situation of the individual entrepreneur in Brazil and the creation of a new species of corporation that guarantees the limitation of liability to the individual entrepreneur in a manner similar to the Portuguese experience.

The Payout Decision-Making Process of Brazilian Listed Companies: A CFO Survey

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Roberto Frota Decourt

2012-12-01

Full Text Available The purpose of this paper is to present the results of a survey with Brazilian listed companies CFOs` trying to identify how these companies determine and manage their payout policy. It was identified that the final decision about dividends is taken by the board of directors, taking into consideration a management proposal sent to them before. Main factors analyzed are net profit and cash generation during immediate previous period. The managers mainly consider interest on own capital (JSCP and dividends as instruments for payout policy. They believe that share repurchase is advantageous to shareholders; however, it is viewed more as an investment decision by the company than a dividend policy. The interest on own capital is broadly used because it provides a fiscal benefit to the company. It seems that management compensation policy affects dividends payout. This suggests an agency conflict between managers and shareholders.

Impact of profit retention on value creation to shareholders of Brazilian companies

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Leonardo Cunha da Silva

2017-09-01

Full Text Available The company's decision on reinvesting profits started from the premise that the return on invested capital will exceed the opportunity cost, creating, consequently, shareholder value. Thus, wealth generation of the entity will be influenced by the level of retained earnings. Therefore, in this work we seek to examine how retained profit affect the value creation of 223 Brazilian companies, from 2008 to 2014, the control used was investment opportunity. Therefore we used descriptive statistics and panel data models. As main results we found that there is a high level of retained profit in the sample, however, a small part of the companies created value in the period. Still, the negative relationship between the level of capitalization of profits and created value is highlighted. Besides, it was observed that the companies that belonged to groups of higher levels of profit distribution ended up generating more wealth for investors.

Socio-environmental policy of Brazilian electric sector. Effects of environmental legislation

International Nuclear Information System (INIS)

Amaral, A.C.; Menezes, C.F.S.

1993-01-01

The great socio-environmental policies of Brazilian electric sector are presented, including the aspects of environmental legislation that affects the electric sector and the difficulties faced in order to adapting to this situation. The main problems that the electric sector has found to establishing its socio-environmental policies are also described. (C.M.)

Reserve price: Lessons learned from Brazilian electricity procurement auctions

International Nuclear Information System (INIS)

Rego, Erik Eduardo

2013-01-01

Auctions have been used in several formats in the electric energy industry. In general, regulators may be uncomfortable initiating a reverse auction at a higher-than-expected final price, fearing that participants may sell their energy at an excess profitability. Nevertheless, evidence from electricity procurement auctions conducted in Brazil supports the findings that these types of auctions have the opposite effect. By attracting a larger number of agents, these auctions can trigger stronger competition and lead to lower settlement pricing. Accordingly, the Brazilian cases examined in this article present significant evidence to support this directional theory. In fact, there are some cases of electricity procurement auctions that show that inadequate auction reserve pricing leads to inefficient outcomes and may also cause the auction to fail. On the other hand, auctions with adequate price caps have led to lower final clearing prices, thus contributing to reasonable final energy pricing. - Highlights: • Outcomes from Brazilian electricity procurement auctions were analyzed. • Cases of success and frustration after adopting (in)adequate reserve prices. • Setting different price caps per source is inefficient. • Higher-than-normal price cap is more effective than fine-tuning reserve prices

Disclosure Level of CPC 29 Biological Assets: Analysis of Determining Factors in Brazilian companies

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Daniel Ramos Nogueira

2017-04-01

Full Text Available The research question guiding this research is "What are the Determining Factors of CPC 29 Disclosure in Brazilian Companies?". In this aspect, the research objective was to evaluate the main factors that affect the disclosure of information related to biological assets. For this, 5 variables highlighted in the literature were selected as evidence influencers. The sample was composed of Brazilian companies with biological assets in the Balance Sheet. From this list, financial statements, explanatory notes, corporate management level and independent auditing company for the 6 years (2010 to 2015 were collected. With the collected information, the dependent variable (Disclosure level of CPC 29 and the independent variables of each year were verified. At the end (after exclusions, 100 observations were analyzed. The results indicated that the variables Size, Representativeness of Biological Assets and Effectiveness of OCPC 07 positively impacted the level of Disclosure. The first two confirmed the predicted hypothesis and OCPC 07 presented a relation that was different from what was expected, showing an increase and not a reduction in the number of disclosures in the years 2014 and 2015.

INTERNATIONALIZATION STRATEGIES OF EMERGING COMPANIES: A COMPARATIVE STUDY OF BRAZILIAN CASES

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Janaína Maria Bueno

2012-01-01

Full Text Available Over the last decade, interest has picked up as to emerging economies and their companies. This recent movement does not imply that previous theories and models are no longer applicable, however, one must analyze, in a broader comprehensive manner, a series of specific context factors and those concerning the management of this kind of company. Therefore, this paper analyzed the internationalization strategies adopted by six Brazilian companies before a set of internationalization models. A qualitative research approach was employed and in-depth interviews were conducted with corporate management level professionals. Companies were divided into three groups according to internationalization times (Group I – over ten years, Group II - between five and ten years, and Group III – under five years. Observations indicated that for Groups I and III companies the product lifecycle (Vernon, 1966 and 1979 and the eclectic paradigm (Dunning, 1980, 1988 and 2000 economic models support justifying internationalization motivations for companies’ internalization whilst the Uppsala model (Johanson and VAHLNE, 1979, 2009, at least in part explains, choice decisions concerning a few countries. As to Group II companies, the product lifecycle model is not the underlying motivation for internationalization, choices being more closely related to sector opportunities and the characteristics of both products and services.

COMPARATIVE EVIDENCE ABOUT KNOWLEDGE TRANSFER BETWEEN BRAZILIAN AND FOREIGN FRANCHISE COMPANIES

OpenAIRE

Rogério Stival Morgado; Afonso Fleury

2012-01-01

The objective of this study is to compare the process of transferring knowledge in franchising between Brazilian and international companies operating in Brazil. Franchising has shown an important phenomenon in many countries, with considerable evidence of growing globally. It is a new type of business organization as an object of academic research field offering great reviews, but also limitations as references and studies of depth of field. The traditional literature in management emphasis ...

FUZZY CLUSTERING: APPLICATION ON ORGANIZATIONAL METAPHORS IN BRAZILIAN COMPANIES

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Angel Cobo

2012-08-01

Full Text Available Different theories of organization and management are based on implicit images or metaphors. Nevertheless, a quantitative approach is needed to minimize human subjectivity or bias on metaphors studies. Hence, this paper analyzed the presence of metaphors and clustered them using fuzzy data mining techniques in a sample of 61 Brazilian companies that operate in the state of Rio Grande do Sul. For this purpose the results of a questionnaire answered by 198 employees of companies in the sample were analyzed by R free software. The results show that it is difficult to find a clear image in most organizations. In most cases characteristics of different images or metaphors are observed, so soft computing techniques are particularly appropriate for this type of analysis. However, according to these results, it is noted that the most present image in the organizations studied is that of “organisms” and the least present image is that of a “political system” and of an “instrument of domination”

THE USE OF CATEGORIES AS INDICATORS OF ORGANIZATIONAL CLIMATE IN BRAZILIAN COMPANIES

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Joel Souza Dutra

2012-04-01

Full Text Available In order to analyze employees’ perception of the work environment, companies with a well-established people management structure periodically conduct organizational climate surveys. These surveys are meant to offer an understanding of how employees view the quality of the relationships they experience in the company. One of the characteristics of this type of survey, identified both in the relevant literature and empirically in practice, is the use of categories or indicators to direct development of the research instrument, data analysis, and later intervention as needed according to the results of the survey. This article seeks to propose a categorization of organizational climate dimensions directed at the Brazilian corporate reality, analysing its internal consistency and its construct validity. To that end, we used the results of a wide-ranging data sample collected from 123,445 respondents of 491 organizations in various regions of Brazil. The proposed analysis categories – identity, satisfaction and motivation, learning and development, and leadership – were reviewed based on theories of organizational behavior and then submitted to a focus group composed of human resources professionals employed by prominent Brazilian corporations.

Level of voluntary disclosure and the cost of capital of Brazilian companies: 2008 to 2012

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Ariana Ballestero

2016-12-01

Full Text Available This study analyzed whether the level of voluntary disclosure in the Brazilian market affects the cost of capital of companies listed on Bovespa during the period covering 2008 through 2012.  The sample was composed of 46 Brazilian non-financial institutions, building on and complementing previous research such as that carried out by Lima, Lima, Favero and Galdi (2007, Murcia and Santos (2009a, and Li and Yang (2013. The panel data regression model is employed to relate the independent variables with the following dependent variables: Cost of Equity, Cost of Debt and Weighted Average Cost of Capital. Findings permit the conclusion that some voluntary disclosure practices influence the cost of capital, i.e., when a company chooses to voluntarily disclose information in its annual reports, this information can affect its cost of equity and cost of debt.

Dual Class Firms: A Study on the Impact Value of Brazilian Companies

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Tadeu Grando

2016-08-01

Full Text Available From the ‘Agency Theory' and the conflict of interest assumption the aim of this study is verify the impact of the use of two classes of shares (dual class on the value in brazilian companies. The sample consisted of non-financial traded companies, with concentrated ownership structure, data are available in Economática®, totaling 354 companies and 1,915 observations. The data refer to the period 2005 to 2012. It terms of methodology, to research the hypothesis of the study it was used a regression by ordinary least squares, with panel data. The results indicate that companies using two classes of shares, such as separation mechanism between the cash flow and the equity control, have lower value then the ones not using such a mechanism. Additionally, it can be inferred that the governance levels and the higher dividend payment policy in the preferred shares are not able to mitigate the higher level of conflicts of interest and agency costs in dual class companies.

CAPM (Capital Asset Pricing Model) and regulation in Brazilian electric distribution sector; CAPM (Capital Asset Pricing Model) e regulacao no segmento de distribuicao do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Pinto, Rinaldo Caldeira; Parente, Virginia [Universidade de Sao Paulo (USP), SP (Brazil)], emails: rinaldo@iee.usp.br, vparente@iee.usp.br

2010-07-01

The aim of this paper is to analyse the use of Capital Asset Pricing Model (CAPM) Beta in the Brazilian electric distribution sector tariffs review. The betas applied by the Regulatory Agency are defined using data from the American, English and Brazilian markets. These betas will then be compared to the betas obtained in the domestic market. The betas were directly obtained from an economic-financial databank largely employed by the market. The sample is composed of companies' shares, priced at Sao Paulo Stock Market. Their main activity is the distribution of electric energy between July 2002 and July 2007. The results of mean betas obtained for the distribution segment, with values close to the ones applied by the regulatory agency for the cycle of tariff reviews between 2007-2010. (author)

CAPM (Capital Asset Pricing Model) and regulation in Brazilian electric distribution sector; CAPM (Capital Asset Pricing Model) e regulacao no segmento de distribuicao do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Pinto, Rinaldo Caldeira; Parente, Virginia, E-mail: rinaldo@iee.usp.br, E-mail: vparente@iee.usp.br [Universidade de Sao Paulo (USP), SP (Brazil)

2010-07-01

The aim of this paper is to analyse the use of Capital Asset Pricing Model (CAPM) Beta in the Brazilian electric distribution sector tariffs review. The betas applied by the Regulatory Agency are defined using data from the American, English and Brazilian markets. These betas will then be compared to the betas obtained in the domestic market. The betas were directly obtained from an economic-financial databank largely employed by the market. The sample is composed of companies' shares, priced at Sao Paulo Stock Market. Their main activity is the distribution of electric energy between July 2002 and July 2007. The results of mean betas obtained for the distribution segment, with values close to the ones applied by the regulatory agency for the cycle of tariff reviews between 2007-2010. (author)

Evaluation of efficiency in Japan electric power companies

International Nuclear Information System (INIS)

Ghaderi, F.; Muyajima, M.

2001-01-01

Achieving energy efficiency also must consider supply efficiency, how much energy it takes to generate electricity and transmit it to the end user. system efficiency reflects the loss of energy during the processes of generation, transmission and distribution of electricity. Of the millions of tons of coal that are burned to produce heat in generation of electricity every year, only one third is converted into electricity.The electric power plant immediately uses 5 to 10 percent of that energy for use in the plant. Around another 10 percent of this energy is consumed in the transmission and distribution of electric energy to end users. Overall,more that 70 percent of the energy used to produce and deliver electricity never gets to the end user. The costs of this wasted energy are reflected in the customer's electricity bill. Furthermore, once delivered, users of electricity are subjected to more h idden c osts the demand charge which reflects the rate at which consumers draw energy from the power plant during a particular time of day, are also affected by the time of year. This additional charge c n be dramatic. For example, the cost for using electric air conditioning at the w rong t ime of the day , are also affected by the time of year. This additional charge can be dramatic. For example, the cost for using electric air conditioning at the wrong time of the day could be as much as 25 to 40 percent higher than what a facility normally pays for electricity during off-peak times. Minimizing the costs of operations, therefor, is a must for all electric companies. In the other hand utility rates, such as the cost of electricity, are a necessary element of operating in all enterprises.In some industries the payment over electricity make a large percentage of their total expenses, but that doesn't mean that every effort should not be made to reduce their impact on the bottom line, it should be considered that a very small change in operating procedure can change

The Use of Social Network Sites in the Workplace: a Case Study in Brazilian Companies

OpenAIRE

Marcos Hideyuki Yokoyama; Tomoki Sekiguchi

2014-01-01

People are increasingly using Social Network Sites (SNS) through corporate platforms or open websites such as Twitter, LinkedIn and Facebook. As a recent phenomenon, the potential benefits and risks of such tools are still not properly addressed in organizations. The purpose of this paper is to analyze how Brazilian companies are using this tool to achieve their corporate strategic objectives. We conducted a qualitative case study and proposed a framework that classified the companies into th...

The Electric Company Writers' Notebook.

Science.gov (United States)

Children's Television Workshop, New York, NY.

This handbook outlines the curriculum objectives for the children's television program, "The Electric Company." The first portion of the text delineates strategies for teaching symbol/sound analysis, including units on blends, letter groups, and word structure. A second section addresses strategies for reading for meaning, including…

IT MANAGEMENT DESIGN AT THE TOP 100 BRAZILIAN COMPANIES, ACCORDING TO THEIR CIOs

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Leonel Cezar Rodrigues

2010-01-01

Full Text Available The objective of this paper is to identify the design of IT management atn the top 100 Brazilian companies. The research method was a quantitative approach, using the descriptive-statistical method to describe the data collected through a questionnaire with 77 questions, based on the rationale of the IT management, proposed by Lutchen (2003. The main results indicate that: a IT aligns with the basic processes of business, although not fully synchronized; b IT management adheres to conformity systems (ITIL, COBIT, but does not show optimization of business processes; c IT delivers the basic demands, but does not impose or use the best automated practices; and d IT quality is based on documented processes, but lacks indicators to control and orient business improvement. One may infer that IT management, at the top 100 Brazilian companies is essentially based on standard IT conformity systems, under the rationale of solution providers, and not as a business innovator or rule breaker. Thus, in spite of aligning and responding to business basic demand, IT management still does not show clear signs of alignment with the evolving nature of business models, needed to sustain business performance.

IT MANAGEMENT DESIGN AT THE TOP 100 BRAZILIAN COMPANIES, ACCORDING TO THEIR CIOs

Directory of Open Access Journals (Sweden)

Leonel Cezar Rodrigues

2009-12-01

Full Text Available The objective of this paper is to identify the design of IT management atn the top 100 Brazilian companies. The research method was a quantitative approach, using the descriptive-statistical method to describe the data collected through a questionnaire with 77 questions, based on the rationale of the IT management, proposed by Lutchen (2003. The main results indicate that: a IT aligns with the basic processes of business, although not fully synchronized; b IT management adheres to conformity systems (ITIL, COBIT, but does not show optimization of business processes; c IT delivers the basic demands, but does not impose or use the best automated practices; and d IT quality is based on documented processes, but lacks indicators to control and orient business improvement. One may infer that IT management, at the top 100 Brazilian companies is essentially based on standard IT conformity systems, under the rationale of solution providers, and not as a business innovator or rule breaker. Thus, in spite of aligning and responding to business basic demand, IT management still does not show clear signs of alignment with the evolving nature of business models, needed to sustain business performance.

Electric utility companies and geothermal power

Science.gov (United States)

Pivirotto, D. S.

1976-01-01

The requirements of the electric utility industry as the primary potential market for geothermal energy are analyzed, based on a series of structured interviews with utility companies and financial institution executives. The interviews were designed to determine what information and technologies would be required before utilities would make investment decisions in favor of geothermal energy, the time frame in which the information and technologies would have to be available, and the influence of the governmental politics. The paper describes the geothermal resources, electric utility industry, its structure, the forces influencing utility companies, and their relationship to geothermal energy. A strategy for federal stimulation of utility investment in geothermal energy is suggested. Possibilities are discussed for stimulating utility investment through financial incentives, amelioration of institutional barriers, and technological improvements.

Bidding strategies in Brazilian electricity auctions

International Nuclear Information System (INIS)

Azevedo, Erick M.; Correia, Paulo B.

2006-01-01

Double bilateral contract auctions for electric energy purchase and sale occur in Brazil. These auctions present incomplete information and possess some subjectivity in relation to the future scenario of the Brazilian electric system, inserted in the agent's bids. In this work, a model using Bayes' rule and the game theory is proposed to aid the agent in its bid definition. Through the existing relations between the Conditional probabilities of Bayes' Rule, the model transforms beliefs into information. In this way, the absence of information is supplied and the problem is transformed into a game with complete information. The present study has no worries in terms of transmission constraints, since they are not usually considered in the bilateral contract auctions in Brazil. At the end, Nash equilibrium (NE) can be found through the expected payoff matrix of each agent. (author)

CORPORATE GOVERNANCE IN THE INTEGRATED REPORTING FRAMEWORK: DISCLOSURE OF BRAZILIAN COMPANIES PARTICIPANTS IN THE PILOT PROJECT

Directory of Open Access Journals (Sweden)

Ana Cristina Silva Abreu

2016-07-01

Full Text Available This paper analyzes how Brazilian companies adhered the IIRC’s framework for integrated reporting, regarding the content element of corporate governance. The 2013 annual reporting of each company were analyzed consonants to the IIRC's framework using qualitative analysis. Categories were created for adherence of information provided by companies and applied content analysis for this purpose. Results suggest that the framework, although not being adopted integrally by the companies, was used as guide for their disclosure practices. Among other observed results for each of framework topics, BRF S.A, CPFL Energia and Itaú Unibanco disclosure practices featured as examples of adherence for the IIRC model and the inherent principles integrated in the report.

A Bayesian stochastic frontier analysis of Chinese fossil-fuel electricity generation companies

International Nuclear Information System (INIS)

Chen, Zhongfei; Barros, Carlos Pestana; Borges, Maria Rosa

2015-01-01

This paper analyses the technical efficiency of Chinese fossil-fuel electricity generation companies from 1999 to 2011, using a Bayesian stochastic frontier model. The results reveal that efficiency varies among the fossil-fuel electricity generation companies that were analysed. We also focus on the factors of size, location, government ownership and mixed sources of electricity generation for the fossil-fuel electricity generation companies, and also examine their effects on the efficiency of these companies. Policy implications are derived. - Highlights: • We analyze the efficiency of 27 quoted Chinese fossil-fuel electricity generation companies during 1999–2011. • We adopt a Bayesian stochastic frontier model taking into consideration the identified heterogeneity. • With reform background in Chinese energy industry, we propose four hypotheses and check their influence on efficiency. • Big size, coastal location, government control and hydro energy sources all have increased costs

78 FR 76045 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-12-16

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... (AD) for General Electric Company (GE) GE90-110B1 and GE90-115B turbofan engines with certain high... turbofan engines with high pressure compressor (HPC) rotor stage 2-5 spools, part numbers (P/Ns) 351-103...

78 FR 50320 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-08-19

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... Electric Company (GE) model GEnx-2B67B turbofan engines with booster anti-ice (BAI) air duct, part number...-2B67 turbofan engine be removed from the Applicability section of this AD. The commenters noted that...

77 FR 3088 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2012-01-23

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... Electric Company (GE) CF34-10E series turbofan engines. This AD was prompted by a report of heavy wear... turbofan engines installed on airplanes of U.S. registry. We also estimate that it will take about 8 work...

Memorial 1997 - ENDESA (Chilean Electricity Company)

International Nuclear Information System (INIS)

1998-01-01

This report provides a comprehensive survey, in depth assessment of the activities overview of ENDESA, Chilean Electricity Company, highlighting economical information and including historical and technical aspects. Economics is its focal point, but other relevant data are shown, like technical data on hydroelectric and thermoelectric power plants. Main activities developed by ENDESA are described, such in Chile as in the foreign. Data on power generation, transmission and transport are also presented and an economical balance of each colligated company are done and analysed

MODERN ELECTRIC CARS OF TESLA MOTORS COMPANY

OpenAIRE

O. F. Vynakov; E. V. Savolova; A. I. Skrynnyk

2016-01-01

This overview article shows the advantages of a modern electric car as compared with internal combustion cars by the example of the electric vehicles of Tesla Motors Company. It (в смысле- статья) describes the history of this firm, provides technical and tactical characteristics of three modifications of electric vehicles produced by Tesla Motors. Modern electric cars are not less powerful than cars with combustion engines both in speed and acceleration amount. They are reliable, economical ...

Corporate governance and internationalization of capital of brazilian companies of the sectors construction and transports

Directory of Open Access Journals (Sweden)

Anna Beatriz Grangeiro Ribeiro Maia

2013-08-01

Full Text Available The study aims at analyzing comparatively the representativeness of foreign capital in the capital of Brazilian companies of the sectors construction and transports, considering their segments on the BM&FBovespa. The internationalization of the 66 companies in the sample was measured by the percentage of the company's share capital held by foreign investors, and governance by the company's participation on the “Differentiated Level of Corporate Governance” (DLCG segments of BM&FBovespa. Using a descriptive and a quantitative study, the results of applying the Mann-Whitney test for the percentage of foreign capital in the capital of DLCG firms and of companies listed on the traditional market indicate that there is a difference statistically significant between the two groups of firms, confirming the hypothesis of this research. The conclusion is that governance is a sign of the internationalization of capital companies, confirming the efficiency of the administration based on the theory of transaction costs.

77 FR 4650 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2012-01-31

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... General Electric Company (GE) CF6-45 and CF6-50 series turbofan engines with certain low-pressure turbine... Compliance We estimate that this AD will affect 387 CF6-45 and CF6-50 series turbofan engines installed on...

78 FR 72567 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-12-03

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... General Electric Company (GE) GE90-110B1 and -115B turbofan engines. This AD was prompted by multiple... turbofan engines with variable bypass valve (VBV) actuator fuel supply tube, part number (P/N) 2165M22P01...

78 FR 38195 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-06-26

... Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA), DOT... all General Electric Company (GE) GE90-110B1 and GE90-115B turbofan engines. This emergency AD was.... owners and operators of these GE90-110B1 and GE90-115B turbofan engines. This action was prompted by...

Value Relevance vis-à-vis Disclosure on Business Combinations and Goodwill Recognized by Publicly Traded Brazilian Companies

Directory of Open Access Journals (Sweden)

Maíra Melo de Souza

Full Text Available Abstract The objective of this study is to examine the value relevance of the level of disclosure on business combinations and goodwill recognized by publicly traded Brazilian companies. The research sample is composed of publicly traded Brazilian companies that carried out any type of business combination, as the acquiring entity, between 2010 and 2013, yielding a total sample of 202 observations. To measure the disclosure level of each, a metric was created based on CPC-15 R1 (2011 to examine certain disclosure items in order to render a greater level of detail. Data collection was carried out using the footnotes to the annual consolidated standardized financial statements (DFPs available from the São Paulo Stock Exchange (BM&FBOVESPA website. The results revealed that disclosure levels for business combinations are positively and significantly associated with the stock price of the companies analyzed. As to the recognition of goodwill during business combinations, despite the fact that it represents a significant share of the value of the transactions, no statistical significance explaining stock price behavior was found. It also bears mentioning that the average level of disclosure identified in the explanatory notes in the sample was very low, indicating that companies need to improve when it comes to transparency of information.

Formulation of a projection model of electric power demand applied to isolated systems in natural development: the case of the brazilian electric company of Rondonia territory; Formulacao de um modelo de projecao de demanda de energia eletrica aplicado a sistemas isolados em desenvolvimento natural: o caso da CERON - Centrais Eletricas de Rondonia

Energy Technology Data Exchange (ETDEWEB)

Dourado, Rosana Aparecida

2004-07-01

The Electricity inserts it self more than other services in the economy and in the Brasilian society resulting an increase of market of electrical energy more than that of economy e consequently in the national energy bases. Given the importance of the definition of the demand of electrical energy inside the development process of a region, the objective of this dissertation is to propose a model of forecasting energy demand applied to a small scale utility. With basing on the foundation that the electrical energy demand varies accordingly with the region, social levels and economical conditions and also the activities developed, the method utilized was a definition of a set of representative variables in this context, using the relation between the population an the number of residential consumers; consumption per residential consumer and the consumption structure of the residential segment over the total demand. The results with the application of the model utilizing this philosophy of the technique of modeling scenes, permitted the definition of electrical energy demand for the market of the Brazilian electric company CERON S.A. like a case study. (author)

Planning the nuclear contribution to the Brazilian power program

International Nuclear Information System (INIS)

Barbalho, A. Rodrigues; Alves, R. Nazare; Pinto, C. Syllus M.; Souza Santos, T.D. de; Abrao, A.

1977-01-01

The thermo-electric power in Brazil accounts for less than 20% of the total generating capacity. Brazil's power is essentially generated hydraulically, which grants the growing development. The electric energy consumption keeps growing, with the annual average rate of 13%/year in the last five years. The present installed capacity is 20 000 MWe and the projections are: 35 000MWe, in 1980; 50 000 MWe in 1985; 75 000 MWe, in 1990 and 150 000 MWe, in 2 000. Most of the hydraulic resources are located in remote areas of the country, very far from the consumption centers. Under the agreement between the Federal Republic of Germany and Brazil (signed in June 1975), besides the nuclear power station, American made, under construction in Agra dos Reis, with a power capacity of 626 MWe, two more units, each one with 1 300 MWe capacity are to be erected at the same site, and planned to be in operation in 1982 and 1983. Several joint German-Brazilian companies will be established for reactor and fuel manufacture, in the country. The Brazilian state holding nuclear company, Empresas Nucleares Brasileiras S/A., NUCLEBRAS, will participate in the formation of all joint companies with at least 51% of capital investments. The Brazilian Government will spend 10 billion dollars (U.S.), during the agreement's duration, to make its industry stronger, to develop its technology and to reduce its dependence on energy imports. Brazil's target: full independence in nuclear technology (including reactor manufacture and complete fuel cycle) in about 15 years [es

Brazilian hybrid electric fuel cell bus

Energy Technology Data Exchange (ETDEWEB)

Miranda, P.E.V.; Carreira, E.S. [Coppe-Federal Univ. of Rio de Janeiro (Brazil). Hydrogen Lab.

2010-07-01

The first prototype of a hybrid electric fuel cell bus developed with Brazilian technology is unveiled. It is a 12 m urban-type, low-floor, air-conditioned bus that possesses three doors, air suspension, 29 seats and reversible wheelchair site. The bus body was built based on a double-deck type monoblock vehicle that is able to sustain important load on its roof. This allowed positioning of the type 3 hydrogen tanks and the low weight traction batteries on the roof of the vehicles without dynamic stabilization problems. A novel hybrid energy configuration was designed in such a way that the low-power (77 kWe) fuel cell works on steady-state operation mode, not responding directly to the traction motor load demand. The rate of kinetic energy regeneration upon breaking was optimized by the use of an electric hybrid system with predominance of batteries and also by utilizing supercapacitors. The electric-electronic devices and the security control softwares for the auxiliary and traction systems were developed in-house. The innovative hybrid-electric traction system configuration led to the possibility to decrease the fuel cell power, with positive impact on weight and system volume reduction, as well as to significantly decrease the hydrogen consumption. (orig.)

78 FR 47534 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-08-06

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... directive (AD) 2013-14-51 for General Electric Company (GE) GE90-110B1 and GE90-115B turbofan engines with... all known U.S. owners and operators of GE90-110B1 and GE90-115B turbofan engines. AD 2013-14-51...

78 FR 24671 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-04-26

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... certain General Electric Company (GE) CF6-80C2 series turbofan engines. That AD currently requires.../B1F/B2F/B4F/B6F/B7F/D1F turbofan engines with any of the following installed: (1) Fuel tube, part...

78 FR 19983 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-04-03

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA... Electric Company (GE) CF34-8C and CF34-8E turbofan engines with certain part numbers (P/N) of operability...-8E6, and CF34-8E6A1 turbofan engines, with an operability bleed valve (OBV) part number (P/N...

LOGISTICS ASPECTS OF PRACTICAL MARKETING IN ELECTRICITY COMPANY

OpenAIRE

Ewa Moroz

2008-01-01

An anonymous questionnaire was presented to employees of an electricity distribution company - Enion Grupa Tauron S.A. – Department Czestochowa. The research, in the part presented in this paper, referred to company-customer relations and to an influence that those relations have on costs and quality of work in the company, mainly in the aspect of employees’ understanding of those connections. In the paper author states the conclusion that suggests implementation of Lean Thinking procedures i...

Brazilian experience in electricity auctions: Comparing outcomes from new and old energy auctions as well as the application of the hybrid Anglo-Dutch design

International Nuclear Information System (INIS)

Rego, Erik Eduardo; Parente, Virginia

2013-01-01

Since 2004, the Government of Brazil (GoB) has acted as an intermediary between distribution and generator companies in the energy procurement sector. The GoB procures energy from generator companies through auctions of long-term energy contracts. After an auction, the winning generator companies sign contracts directly with distribution companies. In particular, the GoB runs two different auctions: one for energy from existing power plants (i.e., old energy) and another for energy from power plants that have not yet been built (i.e., new energy). This paper describes these auctions and compares the outcomes from the old and new energy auctions from 2004 to 2010 using final auction prices. The Brazilian case is particularly interesting, not only because energy is predominantly supplied by hydropower plants but also because new energy auctions reach prices below those for old energy. Therefore, it is likely that it is not necessary to run the two different energy auctions. As a secondary objective, this article analyze whether the Anglo-Dutch hybrid auction model is a better design for electricity procurement in Brazil. - Highlights: ► We analyze the outcomes from the Brazilian old and new energy auctions. ► We evaluate the Anglo-Dutch auction design. ► Outcomes from both kind of auctions reveal that the prices are statistically similar. ► One kind of auction increase competition and minimize Eletrobras' market power

Environmental Financial Information: differences in disclosure levels among Brazilian companies

Directory of Open Access Journals (Sweden)

Janaína da Silva Ferreira

2016-03-01

Full Text Available Issues related to the environment and sustainability have motivated interests of the academic community and organizations. The current model of society is permeated by excessive production and consumption, which is exacerbating man's relationship with nature. It is a fact that, to subsist, society needs the manufacturing of products and delivery of services, but it is also known that manufacturing products and providing services impact the environment. The impact also differs according to the activity that is developed. In Brazil, Law No. 10.165/2000 determines on the National Environmental Policy and ranks companies according to the environmental impact they cause. This research analyzed the voluntary disclosure of environmental financial information in Brazilian companies, classified into sectors with different environmental impacts. Therefore, we investigated the Standardized Financial Statements of the companies that make up the IBRX-50 index, in its portfolio from May to August 2014, in the years 2011, 2012 and 2013. The measure ranked the environmental financial information, distributing the data into seven categories and 30 subcategories. The most evidenced category relates to environmental investments, with 58% of the information disclosed. The highest amount presented was in the category of environmental liabilities and contingencies, with R$259.84 billion. The results show that there is a difference in the disclosure of environmental financial information compared to the amount of sentences disclosed without the number of subcategories evidenced. The nonparametric test and content analysis showed that, in the years analyzed, companies with high environmental impact disclose more environmental financial information.

Commercial statistical bulletin of the Brazilian electric utility Centrais Eletricas de Santa Catarina S.A

International Nuclear Information System (INIS)

1996-04-01

Statistical data concerning the Brazilian Centrais Eletricas de Santa Catarina S.A. utility relative to April 1996 are presented. They include, among other things, electricity consumption, number and class of consumers and electricity rates

Ownership structure and economic and socio-environmental disclosure in the largest Brazilian companies

Directory of Open Access Journals (Sweden)

Tatiana Aquino Almeida

2016-01-01

Full Text Available The disclosure of sustainable practices has become important in the search for competitive advantage, so as to meet the expectations of the various stakeholders. Thus, the study aims to investigate the relationship between the ownership structure and the economic and environmental voluntary disclosure in the largest Brazilian companies, analyzing ownership concentration and the identity of the controlling shareholder. For the analysis, we considered the economic, social and environmental perspectives, addressed both individually and jointly. The sample consists of 47 companies from the 100 largest public companies listed on BM&FBOVESPA, according to the magazine Exame Biggest and Best, edition 2013. The research is descriptive and quantitative, using Multiple Linear Regression for statistical analysis. The descriptive analysis of the prospects of (economic, social, environmental and sustainability disclosure showed lower average disclosure for the environmental aspect. The state control organizations stood out with the highest average in three of the four levels of disclosure: economic, social and sustainability. As regards the application of statistical analysis, the regression models were not statistically significant, indicating that, for the companies in the sample, the ownership structure does not influence the economic and socio-environmental disclosure.

Economic analysis of Brazilian policies for energy efficient electric motors

International Nuclear Information System (INIS)

Andrade, Cássio Tersandro de Castro; Pontes, Ricardo Silva Thé

2017-01-01

Brazil is leading several energy efficiency initiatives and has ambitious goals for 2030, according to the Brazilian National Energy Plan 2030. One of the main initiatives is the minimum efficiency performance standards (MEPS) program for energy-driven equipment and the electric motors appear as the most significant one (49% share of the total electricity consumption). The MEPS levels set new grades for efficiency, and then manufacturers and consumers have to conform to the new products and costs. Policy makers have to economically assess the effects of these MEPS in order to maintain the market stability. Since the benefits of this program come from future energy savings, this cost-effective analysis has to consider the parameters uncertainty and the results should reinforce the market players’ confidence. Thus, the goal of this work is, first, to analyze the economic viability of the MEPS transitions in Brazil considering the uncertainty of the parameters involved and then, to estimate the effects of this program on the energy savings goals for 2030. At the end, we also verify whether this investment in energy efficiency is competitive with other forms of investments in energy. - Highlights: • A cost-effectiveness method with uncertainty for efficiency program is presented. • Savings from electric motors MEPS program makes the 2030 Brazilian goals possible. • Electric motors MEPS program cost-effectiveness in Brazil is confirmed. • Saved energy cost from efficiency improvement is a competitive energy investment.

78 FR 43197 - Duke Energy Florida, Inc.; Florida Power & Light Company; Tampa Electric Company; Orlando...

Science.gov (United States)

2013-07-19

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [ER13-1922-000; ER13-1929-000; ER13-1932-000; NJ13-11-000] Duke Energy Florida, Inc.; Florida Power & Light Company; Tampa Electric Company; Orlando Utilities Commission; Notice of Compliance Filings Take notice that on July 10, 2013, Duke Energy...

Hawaiian Electric Company Demand Response Roadmap Project

Energy Technology Data Exchange (ETDEWEB)

Levy, Roger [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States); Kiliccote, Sila [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

2013-01-12

The objective of this project was to develop a “roadmap” to guide the Hawaiian Electric Company (HECO) demand response (DR) planning and implementation in support of the Hawaii Clean Energy Initiative (HCEI) 70% clean energy goal by 2030.

[Prevalence and indirect costs of headache in a Brazilian Company].

Science.gov (United States)

Vincent, M; Rodrigues, A de J; De Oliveira, G V; De Souza, K F; Doi, L M; Rocha, M B; Saporta, M A; Orleans, R B; Kotecki, R; Estrela, V V; De Medeiros, V A; Borges, W I

1998-12-01

Employees from a Brazilian oil company research centre (n = 993) were interviewed on the occurrence of headache during a 30 days period. Headache prevalence was 49.8%, with a mean frequency of 4.3 +/- 7.0 attacks per month, lasting 12.2 +/- 21.4 hours each. According to the International Headache Society diagnostic criteria, migraine (5.5%), episodic tension-type headache (26.4%), chronic tension-type headache (1.7%) and headaches not fulfilling the criteria for such disorders (16.2%) were observed. Women suffered comparatively more headache and specifically migraine than men. The pain interfered with work productivity in 10% of the subjects, corresponding to 538.75 hours off. According to an indirect costs estimation for each headache, the company may loose up to US$125.98 per employee annually. Since among headaches migraine has the highest indirect cost, migraine prevention and treatment is particularly important at the working environment. Migraine frequency may be prevented to a large extent, resulting on positive effects in both the quality of life and productivity. The cost-benefit ratio clearly favours therapeutic and preventive programs against chronic headaches.

PROCEL`s, the Brazilian electric power holding company conservation program, revitalization process and electric power conservation achievements in the 2015 plan; O processo de revitalizacao do PROCEL e o alcance das metas de conservacao de energia eletrica no plano 2015

Energy Technology Data Exchange (ETDEWEB)

Santos, Mario Fernando M.; Pimentel Filho, Geraldo; Costa Pinhel, Antonio Carlos da [ELETROBRAS, Rio de Janeiro, RJ (Brazil). PROCEL

1995-12-31

The expected increasing of electric power consumption in Brazil from 1995 to 2005 will require investments in the electric power supply expansion of about US$170 billions. In case electric power conservation procedures may be effectively adopted, there might be a reduction in these investments up to US$34 billions. This work discusses how the revitalization of PROCEL, the Brazilian program of electric power conservation, is being conducted in order to achieve such objective 1 fig., 2 tabs., 4 refs.

Tool for the control management of electric and magnetic fields of electrical companies

International Nuclear Information System (INIS)

Arnera, Patricia; Barbieri, Beatriz

2008-01-01

The use of electricity involves a wide range of activities that, because of its diversity, characteristics and relative importance causes different environmental impacts during the extraction, processing, transport and consuming activities. It is the role of the government to elaborate the rules for the incorporation of environmental aspects in the different segments of the market for different electrical energy sources and in all the stages of the process, from the initial evaluation to the construction and exploitation phases. Among the environmental key aspects to considerate, are the electric and magnetic fields, in which society has taken special interest as they are believed to be involved in health hazard. The faculties of the regulatory authority are dictate regulations and technique procedures to be fulfilled by the agents, and check their compliance. In the course of time since the mentioned obligations, the authority has gathered information regarding electric and magnetic fields that includes those planned in the Companies Environmental Planning and those obtained ad-hoc in the role of controller. In order to systematize this information, a data base has been designed considering different types of electric installations, the company which they belong to, equipment used in the measurements, representative layouts with measure points and profiles of the electric and magnetic fields that were obtained. (author)

Tool for the control management of electric and magnetic fields of electrical companies

Energy Technology Data Exchange (ETDEWEB)

Arnera, Patricia; Barbieri, Beatriz [La Plata Univ. Nacional (Argentina). Facultad de Ingenieria, Instituto de Investigaciones Tecnologicas para Redes y Equipos; Turco, Joaquin; Messina, Juan; Postiglioni, Osvaldo [Ente Nacional Regulador de la Electricidad, Buenos Aires (Argentina)

2008-07-01

The use of electricity involves a wide range of activities that, because of its diversity, characteristics and relative importance causes different environmental impacts during the extraction, processing, transport and consuming activities. It is the role of the government to elaborate the rules for the incorporation of environmental aspects in the different segments of the market for different electrical energy sources and in all the stages of the process, from the initial evaluation to the construction and exploitation phases. Among the environmental key aspects to considerate, are the electric and magnetic fields, in which society has taken special interest as they are believed to be involved in health hazard. The faculties of the regulatory authority are dictate regulations and technique procedures to be fulfilled by the agents, and check their compliance. In the course of time since the mentioned obligations, the authority has gathered information regarding electric and magnetic fields that includes those planned in the Companies Environmental Planning and those obtained ad-hoc in the role of controller. In order to systematize this information, a data base has been designed considering different types of electric installations, the company which they belong to, equipment used in the measurements, representative layouts with measure points and profiles of the electric and magnetic fields that were obtained. (author)

THEORETICAL ESSAY ABOUT THE RELATION BETWEEN FINANCIAL LEVERAGE AND INVESTMENT IN BRAZILIAN COMPANIES

Directory of Open Access Journals (Sweden)

Aline Midori Kuroda

2015-12-01

Full Text Available The quest for understanding the relationship between the capital structure and investment decisions resulted in many different authors contribution. In the Brazilian economic scenario, an empirical study performed by Albuquerque and Matias (2013 identified the existence of a strong negative relation between finance leverage and investment in Brazilian public companies. The purpose of this study was to investigate whether the theory of finance supports these empirical findings or if there is a discrepancy between the practical behavior and the theoretical rules. To this end, it was performed a bibliographic research of scientific works related with this theme, among them Carneiro, Salles and Wu (2006, Hadlock and Pierce (2010 and Dang (2011. The methodology of this research can be classified as exploratory, according to its purpose, qualitative in terms of approach and bibliographical considering its technical procedures. All the developed analysis led to the formulation of six theoretical propositions that support the relation between financial leverage and investment. The negative and positive effects of debt were considered according to growth opportunities, the supply of credit in the Brazilian context, the raising of risk and cost of capital and the allocation of resources obtained through external funding. Briefly, it can be concluded that these six theoretical propositions could serve as the fundamentals of the relation in question, two being based on the under-investment and overinvestment theories and the other four, on the Brazilian financial market aspects. All of them must be considered in the decision making of a financial manager, especially the related with the financing options.

Energy policy and regional inequalities in the Brazilian economy

International Nuclear Information System (INIS)

Santos, Gervasio F.; Haddad, Eduardo A.; Hewings, Geoffrey J.D.

2013-01-01

The objective of this paper is to evaluate the long-run regional impacts of the tariff policy of the Brazilian electric power sector. This sector has undergone a reform process that started in the 1990s. Since the beginning of the reform, two spatial trends of distribution of electric power tariffs have emerged among the Brazilian states, one of convergence and another of spatial divergence. These trends have been guided by the new electric power tariff policy and by the spatial features of the Brazilian economy, which is marked by a high degree of spatial concentration and hierarchical distribution of large markets. In addition, because of the presence of strong economies of scale, the recent electric power prices differentials might be caused by differentials in market size that provide better conditions for the achievement of economies of scale for electric power utility companies located in larger markets. Given the role of electric power as an important intermediate input in the production process and the interdependence between sectors, an Energy Interregional Computable General Equilibrium model was used to simulate the long-run regional impacts of electric power tariff policy in Brazil. The simulations showed that the heterogeneity of energy-intensity and the differentials of energy substitution drive the spatial impacts of changes in electric power prices. On the other hand, the recent trend of spatial dispersion of electric power prices might contribute to a decrease in the long-run economic growth and to an increase in the regional inequalities in Brazil. - Highlights: ► We model the regional impacts of tariff policy of the electric power sector in Brazil. ► High electric power tariffs increases in regions with higher electric-power-intensity. ► Heterogeneity of energy supply determines an unequal pattern of energy substitution. ► Low possibilities of energy substitution generate the most negative economic impacts

MODERN ELECTRIC CARS OF TESLA MOTORS COMPANY

Directory of Open Access Journals (Sweden)

O. F. Vynakov

2016-08-01

Full Text Available This overview article shows the advantages of a modern electric car as compared with internal combustion cars by the example of the electric vehicles of Tesla Motors Company. It (в смысле- статья describes the history of this firm, provides technical and tactical characteristics of three modifications of electric vehicles produced by Tesla Motors. Modern electric cars are not less powerful than cars with combustion engines both in speed and acceleration amount. They are reliable, economical and safe in operation. With every year the maximum range of an electric car is increasing and its battery charging time is decreasing.Solving the problem of environmental safety, the governments of most countries are trying to encourage people to switch to electric cars by creating subsidy programs, lending and abolition of taxation. Therefore, the advent of an electric vehicle in all major cities of the world is inevitable.

Dynamics of risk management in the regulated contracting environment of the Brazilian electrical sector; Dinamica da gestao de riscos no ambiente de contratacao regulada do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Souza, Fabio Cavaliere de

2008-11-15

This thesis analyses the dynamics of risk management in the regulated contracting environment of the Brazilian electrical sector. As in the new model the distribution utilities are obliged to ensure energy contracting to supply their whole markets, these companies became exposed to volume risks related to the demand uncertainties. So the new model following similar directives from the first phase developed management tools to mitigate the new risks mentioned above. As in a well structured market it is expected that the risks should be evenly shared or that risk management tools should be provided for all, this work intended to analyze the dynamics of the designed mechanisms and their impacts over the regulated market. In this work the risks of the electricity markets are studied and the management tools devised for the Brazilian market are identified. Finally for understanding the dynamics a thorough analysis of the auctions, of the mechanism for compensation of surplus and deficits and tariffs are carried on. The results show that the management tools were regularly employed by distribution companies, but the risks were merely transferred to the captive customers leading to distortions and asymmetries that conflict with the basis that guided the second phase of the reform. The work proposes remedial actions to mitigate the observed impacts and to provide risk management tools to the captive customer. (author)

76 FR 36533 - Bangor Hydro Electric Company; Notice of Request for Waiver

Science.gov (United States)

2011-06-22

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. TS11-5-000] Bangor Hydro Electric Company; Notice of Request for Waiver Take notice that on June 13, 2011, pursuant to section 358.1(d) of the Commission's regulations, 18 CFR 358.1(d) (2011), Bangor Hydro Electric Company (Bangor...

The Electrical Resistivity and Acoustic Emission Response Law and Damage Evolution of Limestone in Brazilian Split Test

Directory of Open Access Journals (Sweden)

Xinji Xu

2016-01-01

Full Text Available The Brazilian split test was performed on two groups of limestone samples with loading directions vertical and parallel to the bedding plane, and the response laws of the electrical resistivity and acoustic emission (AE in the two loading modes were obtained. The test results showed that the Brazilian split test with loading directions vertical and parallel to the bedding showed obviously different results and anisotropic characteristics. On the basis of the response laws of the electrical resistivity and AE, the damage variables based on the electrical resistivity and AE properties were modified, and the evolution laws of the damage variables in the Brazilian split test with different loading directions were obtained. It was found that the damage evolution laws varied with the loading direction. Specifically, in the time-varying curve of the damage variable with the loading direction vertical to the bedding, the damage variable based on electrical resistivity properties showed an obvious damage weakening stage while that based on AE properties showed an abrupt increase under low load.

Successful diversification strategies of electricity companies: An explorative empirical study on the success of different diversification strategies of German electricity companies in the wake of the European market liberalization

International Nuclear Information System (INIS)

Mueller, Ralf; Steinert, Martin; Teufel, Stephanie

2008-01-01

Based on the EC directive 96/92, the liberalization of electricity markets is forcing electricity companies, to rethink their product and market strategy. However, neither the level of the initiated diversification efforts of former monopolies, nor their direction or their success are known or have been analyzed before. Therefore, Mueller [2006. Diversifikationsstrategien von Stromversorgungsunternehmen: Handlungsempfehlungen fuer schweizerische Stromversorgungsunternehmen auf der Basis einer empirischen Analyse des liberalisierten deutschen Strommarktes. IIMT University Press, Fribourg] has quantitatively determined the extent and direction of the diversification efforts in the electricity sector. Additionally, based on an exploratory case study research, successful diversification strategies have been identified and incorporated into 73 observations which form the basis of a set of normative recommendations for diversifying electricity companies. Since the analyses are based on the German electricity market, which fully liberalized earlier than most of its continental European counterparts, the results may especially guide other European electricity companies in their strategic diversification decisions. This paper publishes both the quantitative analysis on the degree and extents of diversification (sample time frame 1995-2000) as well as the qualitative analysis on the success of diversification strategies (sample time frame 1995-2003). Additionally, based on the obtained explorative observations, the diversification strategy of an idealized-electricity company is firstly presented for practitioners as normative recommendation, and secondly for academics, as starting point for future quantitative analysis framework. (author)

2015 Plan. Project 1: methodology and planning process of the Brazilian electric sector expansion

International Nuclear Information System (INIS)

1993-10-01

The Planning Process of Brazilian Electric Sector Expansion, their normative aspects, instruments, main agents and the planning cycles are described. The methodology of expansion planning is shown, with the interactions of several study areas, electric power market and the used computer models. The forecasts of methodology evolution is also presented. (C.G.C.)

Wasp-II application to Brazilian Electric System

International Nuclear Information System (INIS)

Sakamoto, L.H.

1980-01-01

In the next years, the expansion of the Brazilian Electric System will occur in two large sub-systems struture: South-Southeast and North-Northeast. The interconnection between these systems is uncertain due to long distance between then. Hence, it seems more reasonable to study them separately and the South-Southeast System was chosen because it is more important from the economic point of view. Some information concerning input data used in this study was estimated, therefore a thorough review of them must be done for more for more conclusive results. Hydro, coal and nuclear power plants were considered as candidates for an expansion plan starting in 1987 to 2000. (author) [pt

WASP-II Aplication to Brazilian electric system

International Nuclear Information System (INIS)

Sakamoto, L.H.

1980-12-01

In the next years, the expansion of the Brazilian Electric System will occur in a two large sub-systems structure: South-Southeast and North-Northeast. The interconnection between these systems are uncertain due the long distance between them. Hence, it seems more reasonable to study separately and the South-Southeast System was chosen because it is more important from the economic point of view. Some information concerning input data used in this study was estimated, therefore a thorough review of them must be done for more conclusive results. Hydro, coal and nuclear power plants were considered as candidates for an expansion plan starting in 1987 up to 2000. (Author) [pt

The relevance of the capital structure in firm performance: a multivariate analysis of Brazilian publicly traded companies

Directory of Open Access Journals (Sweden)

Luiz Kennedy Cruz Machado

2016-01-01

Full Text Available The economic changes in recent years have made the dynamics of the Brazilian market more complex, which directly impacts the administration of large organizations, particularly in management tasks, such as decisions concerning the definition of the capital structure. The literature in this theoretical field is polarized in two seminal works: the first, by Durand (1952, 1959, discusses the existence of an optimal capital structure that maximizes the value of the firm; and, at the other end, the work by Modigliani and Miller (1958, 1963 considers that it is irrelevant how firms are financed. In this sense, the objective was to verify the effective interference of the capital structure in the performance of Brazilian firms listed on BM&FBOVESPA. The sample consisted of cross-sectional data that were selected from the most recent balance sheets of all companies listed on BM&FBOVESPA, available in the Economática® database. The techniques used were the analysis of variance (ANOVA and discriminant analysis. Among the indicators used, it was observed that only general liquidity, the degree of immobilization, Tobin’s Q, and the opportunity for growth were significant at 1%. The results indicate that the capital structure is not directly related to the performance of Brazilian companies listed on BM&FBOVESPA. In the meantime, the results point to the consolidation of the financial theories expounded by Modigliani and Miller (1958, 1963, as opposed to the traditionalist current started in Durand’s studies (1952.

Light, distribution company in Brazil

International Nuclear Information System (INIS)

Meritet, S.

2005-01-01

Since the publication of the Roulet Report, Electricite de France (EDF), the French group is crossing tormented hours. Despite its good financial results in 2004 with a turnover of 46.9 Mds euros its debts are around 19.7 Mds euros and are mainly due to its international investments which were not all very profitable. The first source of concern remains the Latin America markets and more particularly the Brazilian one which recorded 1.6 Md euros of losses. The future of EDF investment in Brazil, through its acquisition of the distribution company, Light, is uncertain. Within a new electric power industry framework, after currency devaluation and a rationing, Light is now in a catastrophic financial situation. The last tariff revisions given by the Brazilian authorities and the economic characteristics of the concession put the distributor at the edge of the bankruptcy. This article presents the situation of EDF group and Light at the end of 2004. The main question is the future of the Brazilian distributor in general and more particularly within the French group EDF. (author)

Environmental Discourses in Organizations: the Case of a Brazilian Mobile Telecommunications Company

Directory of Open Access Journals (Sweden)

Alexandre de Pádua Carrieri

2007-09-01

Full Text Available This paper examines the discourse configurations on the environmental theme in business organizations and its relevance to the understanding of the inclusion of ecological discourses in the discourses of organizational members. A case study into a Brazilian telecommunications company offers empirical evidence. It begins with the understanding that organizations adopt several strategies in an attempt to disseminate a certain environmental discourse. As these efforts share space with other pressures, a fragmented discourse emerges. In this paper, the pressures of the environmental theme on organizations are discussed in order to understand this process. The second part of the argument focuses on the context of the case study – Brazilian organizations – and, afterwards, the third part deals with ecological discourses in their insertions in organizational interests. The data of the case study were collected through documental research and 40 semi-structured interviews. The analysis was applied based on Discourse Analysis. In conclusion, an ambiguous discourse configuration was shown that offer elements for the understanding that philanthropy, legal obligation and organizational competitiveness need to be used together to offer legitimacy to the theme of environmental responsibility in business organizations.

76 FR 64844 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2011-10-19

... Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed... General Electric Company (GE) CF6-45 and CF6-50 series turbofan engines with certain low-pressure turbine... series turbofan engines with certain LPT rotor stage 3 disks installed. That AD requires initial and...

77 FR 76977 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2012-12-31

... Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA), DOT. ACTION: Supplemental notice... proposed airworthiness directive (AD) for certain General Electric Company (GE) CF6-80C2 series turbofan... part 39 to include an AD that would apply to certain GE CF6-80C2 series turbofan engines. That NPRM...

Smart Grid Innovation Management for SME Electricity Companies

DEFF Research Database (Denmark)

Tambo, Torben

2011-01-01

innovation process lies ahead for utility companies in screening, testing, maturing, implementing and operating smart grids. This process is expected to follow the political targets for CO2 reduction stretching forward until 2050. As no proven concepts exists, and as the process is expected to progress many...... years ahead, smart grid represents an excellent case of continuous innovation. The current study use a series of loosely related technological studies of smart grid related technologies in SME electricity companies to highlight critical issues in this innovation process. Major findings...... are that the companies have limited innovation capabilities, they are presented with plenty of technological offerings that eventually have to be rejected, and they suffer from absence of clear objectives....

Evaluating perceived quality of CELPE service: A Brazilian power company case study

International Nuclear Information System (INIS)

Paes de Barros Filho, Joao; Fritsch Damasio da Silva, Cleriston; Nascimento Melo, Maria Auxiliadora do; Dumke de Medeiros, Denise

2009-01-01

This paper presents an application of a methodology for the diagnosis and analysis of the service quality perceived by a Particular Group of CELPE Corporate Customers, a Brazilian power company at Pernambuco State. Concepts, on the power sector, of Quality in Services, Performance Objectives and Critical Factors of Success have been used to develop the analysis. Next, the Critical Factors for a power company were determined and classified in accordance with the performance objectives: Quality, Dependability, Speed and Flexibility. From the factors established, a questionnaire was created to collect data. The case studied involves quantitative research on CELPE's private corporate principal customers using statistical tests to measure internal consistency reliability of the questionnaire scales and to identify underlying concepts, in the four groups analyzed, through which the private corporate customers perceive quality in the given services. Among the goals of this study are to improve the relationship with principal Private Corporate Clients, to create customer loyalty, and to maximize efforts in providing the power supply service, all of them with a view to improving and determining the Global Satisfaction Index

Evaluating perceived quality of CELPE service: A Brazilian power company case study

Energy Technology Data Exchange (ETDEWEB)

Paes de Barros Filho, Joao [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: joaopaes@celpe.com.br; Fritsch Damasio da Silva, Cleriston [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: cleriston_silva@yahoo.com.br; Nascimento Melo, Maria Auxiliadora do [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: manmelo@ufpe.br; Dumke de Medeiros, Denise [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)], E-mail: ddm@ufpe.br

2009-04-15

This paper presents an application of a methodology for the diagnosis and analysis of the service quality perceived by a Particular Group of CELPE Corporate Customers, a Brazilian power company at Pernambuco State. Concepts, on the power sector, of Quality in Services, Performance Objectives and Critical Factors of Success have been used to develop the analysis. Next, the Critical Factors for a power company were determined and classified in accordance with the performance objectives: Quality, Dependability, Speed and Flexibility. From the factors established, a questionnaire was created to collect data. The case studied involves quantitative research on CELPE's private corporate principal customers using statistical tests to measure internal consistency reliability of the questionnaire scales and to identify underlying concepts, in the four groups analyzed, through which the private corporate customers perceive quality in the given services. Among the goals of this study are to improve the relationship with principal Private Corporate Clients, to create customer loyalty, and to maximize efforts in providing the power supply service, all of them with a view to improving and determining the Global Satisfaction Index.

Evaluating perceived quality of CELPE service. A Brazilian power company case study

Energy Technology Data Exchange (ETDEWEB)

De Barros Filho, Joao Paes; Da Silva, Cleriston Fritsch Damasio; Do Nascimento Melo, Maria Auxiliadora; De Medeiros, Denise Dumke [Federal University of Pernambuco (UFPE), Center of Technology and Geosciences, 5th floor, Academico Helio Ramos av., Cidade Universitaria, Recife, PE 50.670-901 (Brazil)

2009-04-15

This paper presents an application of a methodology for the diagnosis and analysis of the service quality perceived by a Particular Group of CELPE Corporate Customers, a Brazilian power company at Pernambuco State. Concepts, on the power sector, of Quality in Services, Performance Objectives and Critical Factors of Success have been used to develop the analysis. Next, the Critical Factors for a power company were determined and classified in accordance with the performance objectives: Quality, Dependability, Speed and Flexibility. From the factors established, a questionnaire was created to collect data. The case studied involves quantitative research on CELPE's private corporate principal customers using statistical tests to measure internal consistency reliability of the questionnaire scales and to identify underlying concepts, in the four groups analyzed, through which the private corporate customers perceive quality in the given services. Among the goals of this study are to improve the relationship with principal Private Corporate Clients, to create customer loyalty, and to maximize efforts in providing the power supply service, all of them with a view to improving and determining the Global Satisfaction Index. (author)

76 FR 61687 - Pacific Gas and Electric Company

Science.gov (United States)

2011-10-05

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 2479-011-CA] Pacific Gas and Electric Company Notice of Availability of Environmental Assessment In accordance with the National Environmental Policy Act of 1969 and the Federal Energy Regulatory Commission's (Commission...

77 FR 48110 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2012-08-13

... Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed... certain General Electric Company (GE) CF6-80C2 series turbofan engines. The existing AD requires... 2000-04-14, Amendment 39-11597 (65 FR 10698, February 29, 2000), for all GE CF6-80C2 series turbofan...

Global power and Brazilian nuclear decisions

Energy Technology Data Exchange (ETDEWEB)

Metri, Paulo, E-mail: pmetri@terra.com.br [Clube de Engenharia, Rio de Janeiro, RJ (Brazil)

2017-07-01

Brazilian society declares no intention to development a nuclear artifact. This is on its Constitution. The submarine of nuclear propulsion may be used as a weapon of defense and, therefore, has a peaceful objective. Nationalism must be applied only to benefit the society. Nationalist attention has always been devoted, at various occasions, to the Brazilian nuclear sector. However, since Brazilian society has many needs and the Brazilian government always had numerous energy options, this sector has not been developed as it could be. Other successful applications of nuclear technology, besides electric generation, are not considered here. At present, the country is experiencing a moment of harassment of liberal forces. It is difficult to know if the population understands what is going on, due to the traditional media control. This media belongs to the capital. The rise and the fall of the nationalist strand in a country follow a global tendency and also depend of actions of the international capital. In nationalist periods, more decisions with positive social impact are taken. Therefore, sovereignty is necessary to increase the benefits to society. Unfortunately, the Brazilians deceived by the companies of mass communication and corrupt political leaderships allow the country to be dominated. Even the armed forces had their projects paralyzed. The nuclear sector, as all other, suffers with the low budget and the future is difficult to predict. (author)

Global power and Brazilian nuclear decisions

International Nuclear Information System (INIS)

Metri, Paulo

2017-01-01

Brazilian society declares no intention to development a nuclear artifact. This is on its Constitution. The submarine of nuclear propulsion may be used as a weapon of defense and, therefore, has a peaceful objective. Nationalism must be applied only to benefit the society. Nationalist attention has always been devoted, at various occasions, to the Brazilian nuclear sector. However, since Brazilian society has many needs and the Brazilian government always had numerous energy options, this sector has not been developed as it could be. Other successful applications of nuclear technology, besides electric generation, are not considered here. At present, the country is experiencing a moment of harassment of liberal forces. It is difficult to know if the population understands what is going on, due to the traditional media control. This media belongs to the capital. The rise and the fall of the nationalist strand in a country follow a global tendency and also depend of actions of the international capital. In nationalist periods, more decisions with positive social impact are taken. Therefore, sovereignty is necessary to increase the benefits to society. Unfortunately, the Brazilians deceived by the companies of mass communication and corrupt political leaderships allow the country to be dominated. Even the armed forces had their projects paralyzed. The nuclear sector, as all other, suffers with the low budget and the future is difficult to predict. (author)

Insertion of the free consumers in the Brazilian electrical sector: challenges and opportunities; Insercao dos consumidores livres no setor eletrico brasileiro: desafios e oportunidades

Energy Technology Data Exchange (ETDEWEB)

Chaves, Cristiane Padilha

2010-03-15

This thesis analyses the role of free consumers in the Brazilian Electric Power Sector. Therefore, it evaluates the role of free consumers in other markets worldwide and analyses the current Brazilian regulatory framework that was introduced in 2004. The current model has replaced the one adopted in the 1990s, when the first reform of the Brazilian Electricity Sector occurred. To assess the role of free consumers in the electricity sector, this work analyses the benefits that this kind of consumers perceive and the risks they are exposed to when they switch from the captive market and go towards the open market. It also evaluates the influence of free consumers over the other industry agents: generators, distributors, retail consumers and society. It also identifies new options for free consumers in the Brazilian electric energy (author)

Annual report 2000 of COPEL - Electrical Company of Parana State, Brazil

International Nuclear Information System (INIS)

2000-01-01

The annual report of COPEL - Electrical Company of Parana State, Brazil, during the calendar year of 2003 is presented, comprising: a management report, portraying the Company's accomplishments during the year in connection with its core businesses and a social balance sheet, addressing the Company's efforts to contribute to the development and well-being of the community by means of socially oriented projects

78 FR 19628 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-04-02

... Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed... Electric Company (GE) GE90-76B, -85B, -90B, -94B, - 110B1, and -115B turbofan engines. This proposed AD was... of stage 1 HPT stator shroud distress resulting in engine removals on airplanes with GE90 turbofan...

Direct external investment in the Brazilian electric power sector

International Nuclear Information System (INIS)

Pinto Junior, Helder Queiroz; Silveira, Joyce Perin; Losekann, Luciano Dias

1999-01-01

The central issue of debate was the need to align the energy sector's options and organization with changing global patterns of economic and social development, characterized by the increasing role played by the private sector, greater integration in the world economy, and new economic and social priorities such as efficiency, decentralization, deregulation, and a closer attention to environmental issues. The aim of the work was to identify the foreign investors participants of Brazilian privatization in the electric power sector and to analyze their strategies

The relationship between corporate governance and capital structure of Brazilian companies during 2000-2013 period

Directory of Open Access Journals (Sweden)

Camila Veneo Campos Fonseca

2016-08-01

Full Text Available The purpose of this study is to explore the impact of corporate governance practices on capital structure of 252 Brazilian non-financial public listed companies between 2000 and 2013. Panel data econometric techniques were used, with the adoption of a System Generalized Methods of Moments estimator in order to control the potential sources of endogeneity between ownership structure and governance practices. Results show evidence that high corporate governance levels improved the access to debt capital and increased the debt maturity.

76 FR 44323 - National Grid Transmission Services Corporation; Bangor Hydro Electric Company; Notice of...

Science.gov (United States)

2011-07-25

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. EL11-49-000] National Grid Transmission Services Corporation; Bangor Hydro Electric Company; Notice of Petition for Declaratory Order Take..., 18 CFR 385.207, National Grid Transmission Services Corporation and Bangor Hydro Electric Company...

75 FR 54618 - CAlifornians for Renewable Energy, Inc. (CARE) v. Pacific Gas and Electric Company, Southern...

Science.gov (United States)

2010-09-08

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. EL10-84-000] CAlifornians for Renewable Energy, Inc. (CARE) v. Pacific Gas and Electric Company, Southern California Edison Company, San Diego Gas & Electric Company, California Public Utilities Commission; Notice of Complaint...

75 FR 66744 - Californians for Renewable Energy, Inc. (CARE) v. Pacific Gas and Electric Company, Southern...

Science.gov (United States)

2010-10-29

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. EL10-84-001] Californians for Renewable Energy, Inc. (CARE) v. Pacific Gas and Electric Company, Southern California Edison Company, San Diego Gas & Electric Company, California Public Utilities Commission; Notice of Amended...

76 FR 69713 - Application To Export Electric Energy; BP Energy Company

Science.gov (United States)

2011-11-09

... DEPARTMENT OF ENERGY [OE Docket No. EA-314-A] Application To Export Electric Energy; BP Energy.... SUMMARY: BP Energy Company (BP Energy) has applied to renew its authority to transmit electric energy from... electric energy from the United States to Mexico as a power marketer for a five-year term using existing...

76 FR 69712 - Application To Export Electric Energy; BP Energy Company

Science.gov (United States)

2011-11-09

... DEPARTMENT OF ENERGY [OE Docket No. EA-315-A] Application To Export Electric Energy; BP Energy.... SUMMARY: BP Energy Company (BP Energy) has applied to renew its authority to transmit electric energy from... BP Energy to transmit electric energy from the United States to Canada as a power marketer for a five...

Nuclear energy in the increasingly deregulated brazilian energy market

International Nuclear Information System (INIS)

Mathias, Sergio G

2003-01-01

The Brazilian Electric Energy Market is presently undergoing an institutional transition from a strictly regulated to a commercially competitive market, due to be completed by January, 2006. The operation and maintenance costs of the two presently existing Brazilian nuclear power plants allow them to be economically competitive with other types of plants for meeting the load demand in the country. The commercialization of the energy produced by the two existing nuclear power plants must cope with the impact of the new market rules, which establish that power purchase contracts must be freely negotiated between generating and distributing companies. The projected costs for the construction and operation of a third NPP also indicate that it may be economically feasible under the new market rules (author)

Brazilian human resources in a polarized Latin America

Directory of Open Access Journals (Sweden)

Elza Fátima Rosa Veloso

2014-12-01

Full Text Available This article provides an overview of human resource strategies employed by Brazilian companies in a polarized region of Latin America. Firstly, we highlighted the concerns of Brazilian managers in respect to the coming years, and to identify the current strategic approach of prominent companies in the Brazilian market. Secondly, we identified possible strategies for internationalization, particularly in the context of Latin America. The results of two surveys were used: one prospecting management trends by 2015 and another consisting of a sample of 541 companies that participate in a national survey in which HR managers answered a questionnaire. Among the results, it is noteworthy that the main issues of concern for Brazilian managers in the coming years. We found most the companies concerned with these challenges in the industries of information technology, iron and steel, and health services. Forty-nine of a total of 541 companies intend to internationalize, 17 of them towards Latin American. Their profile characterization allowed us to divide them into two groups: those focusing on the local needs of Latin American, and those looking to meet the expanding needs of Brazil or the country of their parent company.

EFFECTS OF THE PENETRATION OF WIND POWER IN THE BRAZILIAN ELECTRICITY MARKET

Directory of Open Access Journals (Sweden)

Milton M. Herrera

2016-12-01

Full Text Available Climate variability has been the main driver for renewables in the Brazilian electricity market. This article analyzes the vulnerabilities of the dependence on hydropower in renewable energy production due to climate variation, as well as wind power penetration in Brazil, given a set of wind industry policies. Despite Brazilian renewable energy increase, the study shows the impact in energy supply in north region, due to the lack of transmission infrastructure. In Brazil, the potential trade-offs between renewables growth, and transmission infrastructure inconsistencies in terms of policy implementation are not yet well analyzed. Simulation results show the potential conflicts between energy policies aimed at increasing the wind power supply and boundaries in transmission infrastructure.

Effects of the penetration of wind power in the brazilian electricity market

Directory of Open Access Journals (Sweden)

Milton M. Herrera

2016-12-01

Full Text Available Climate variability has been the main driver for renewables in the Brazilian electricity market. This article analyzes the vulnerabilities of the dependence on hydropower in renewable energy production due to climate variation, as well as wind power penetration in Brazil, given a set of wind industry policies. Despite Brazilian renewable energy increase, the study shows the impact in energy supply in north region, due to the lack of transmission infrastructure. In Brazil, the potential trade-offs between renewables growth, and transmission infrastructure inconsistencies in terms of policy implementation are not yet well analyzed. Simulation results show the potential conflicts between energy policies aimed at increasing the wind power supply and boundaries in transmission infrastructure.

78 FR 44899 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2013-07-25

... Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed... Electric Company (GE) GE90-110B1 and -115B turbofan engines. This proposed AD was prompted by multiple...) 2165M22P01, installed on GE90-110B1 and -115B turbofan engines. One of the leaks led to an under cowl engine...

Explaining the inefficiency of electrical distribution companies. Peruvian firms

Energy Technology Data Exchange (ETDEWEB)

Perez-Reyes, Raul [Organismo Supervisor de la Inversion en Energia y Mineria, OSINERGMIN (Peru); Tovar, Beatriz [Infrastructure and Transport Research Group (EIT), Department of Applied Economics, University of Palmas de Gran Canaria (Spain)

2010-09-15

This paper investigates the extent to which the structural reform of the Peruvian electricity market, implemented in the 1990s, has improved the efficiency of the distribution companies; and it evaluates the influence on efficiency of firm specific explanatory variables. To do this, we rely on data from 14 distribution companies between 1996 and 2006. The results indicate that the incentives generated by the reform process led to the firms becoming more efficient. Moreover, the time trend and private management of the distribution companies are variables that positively affect the levels of efficiency, whereas the lower network densities are then the greater the inefficiency. (author)

Explaining the inefficiency of electrical distribution companies. Peruvian firms

International Nuclear Information System (INIS)

Perez-Reyes, Raul; Tovar, Beatriz

2010-01-01

This paper investigates the extent to which the structural reform of the Peruvian electricity market, implemented in the 1990s, has improved the efficiency of the distribution companies; and it evaluates the influence on efficiency of firm specific explanatory variables. To do this, we rely on data from 14 distribution companies between 1996 and 2006. The results indicate that the incentives generated by the reform process led to the firms becoming more efficient. Moreover, the time trend and private management of the distribution companies are variables that positively affect the levels of efficiency, whereas the lower network densities are then the greater the inefficiency. (author)

Forecasted electric power demands for the Baltimore Gas and Electric Company. Volume 1 and Volume 2. Documentation manual

International Nuclear Information System (INIS)

Estomin, S.L.; Beach, J.E.; Goldsmith, J.V.

1991-05-01

The two-volume report presents the results of an econometric forecast of peak load and electric power demand for the Baltimore Gas and Electric Company (BG ampersand E) through the year 2009. Separate energy sales models were estimated for residential sales in Baltimore City, residential sales in the BG ampersand E service area excluding Baltimore City, commercial sales, industrial sales, streetlighting sales, and Company use plus losses. Econometric equations were also estimated for electric space heating and air conditioning saturation in Baltimore City and in the remainder of the BG ampersand E service territory. In addition to the energy sales models and the electric space conditioning saturation models, econometric models of summer and winter peak demand on the BG ampersand E system were estimated

BRAZILIAN MULTINATIONAL COMPANIES: THE ROLE OF TECHNOLOGY IN THE CONQUEST OF THE EXTERNAL MARKET

Directory of Open Access Journals (Sweden)

Eva Stal

2005-01-01

Full Text Available The paper intends to show the importance of the internationalization process of companies from developing countries, which face global competition. Outside production stimulates the exports of raw materials, components and finished products, mainly in industrial sectors that produce differentiated goods of a higher technological content. Besides, the presence in more demanding markets facilitates the incorporation of new technologies and capacity building. Based on the behavioral and economical theories that explain the internationalization process of firms, a case study was conducted in Sabó, an autoparts manufacturer, and one of the few national firms that survived the liberalization process of the Brazilian economy, in 1990. This is explained by its innovative characteristics, which allows it to compete in the international market with the biggest companies in its sector. We conclude that, in the presence of a strong asset, like innovative technologies, the economical theories provide a better support for a successful internationalization process.

Developing and Managing Cross-Functional Teams: A Multi-Case Study of Brazilian Manufacturing Companies

Directory of Open Access Journals (Sweden)

Márcio Lopes Pimenta

2014-06-01

Full Text Available The growth of industries and the strong economic base in Brazil require improvements and adaptations in business processes. Cross-functional teams (CFT may help to companies achieve these improvements. This research looks at characterizing CFT according to application processes, structures, objectives and impacts, considering the context of demand planning and related processes. In-depth interviews with 22 managers were performed in three Brazilian manufacturing companies. A framework to characterize CFT and respective impacts is proposed, including elements such as: procedures, context and goals, power distribution, impacts on cross-functional integration, impacts on teams' performance and on organization's performance. One significant managerial finding is that effective and efficient CFTs need balanced distribution of power among members by effectively establishing and structuring the team. By doing this, managers may observe positive impacts on inter-functional integration and in firm's results. Moreover, teams should permanently perform joint planning to predict unfavorable situations, improve communication and mutual understanding.

Globalization, economy financing model crisis and the institutional re-structuration of the Brazilian electric power system; Globalizacao, crise do padrao de financiamento da economia e reestruturacao institucional do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Maciel, Claudio Schuller

1996-12-31

This thesis discusses the crisis in the Brazilian economical financing model and the consequent re-structuration of the Brazilian electric power system, giving special emphasis to: global historical factors; the new economic order; and, the consequences of the financial crisis in the Brazilian electric power system. In addition, it suggests new strategies for the institutional reformulation of the Brazilian electric power system 226 refs., 13 tabs.

Globalization, economy financing model crisis and the institutional re-structuration of the Brazilian electric power system; Globalizacao, crise do padrao de financiamento da economia e reestruturacao institucional do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Maciel, Claudio Schuller

1995-12-31

This thesis discusses the crisis in the Brazilian economical financing model and the consequent re-structuration of the Brazilian electric power system, giving special emphasis to: global historical factors; the new economic order; and, the consequences of the financial crisis in the Brazilian electric power system. In addition, it suggests new strategies for the institutional reformulation of the Brazilian electric power system 226 refs., 13 tabs.

75 FR 30021 - South Carolina Electric and Gas Company; Saluda Hydroelectric Project; Notice of Teleconference...

Science.gov (United States)

2010-05-28

... Electric and Gas Company; Saluda Hydroelectric Project; Notice of Teleconference With the National Marine... from Federal Energy Regulatory Commission (FERC) Headquarters, commencing at 2 p.m. (Eastern Standard... Project. The South Carolina Electric and Gas Company will also participate in the teleconference. All...

Memorial 1997 - ENDESA (Chilean Electricity Company); ENDESA - Memoria 1997

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-12-31

This report provides a comprehensive survey, in depth assessment of the activities overview of ENDESA, Chilean Electricity Company, highlighting economical information and including historical and technical aspects. Economics is its focal point, but other relevant data are shown, like technical data on hydroelectric and thermoelectric power plants. Main activities developed by ENDESA are described, such in Chile as in the foreign. Data on power generation, transmission and transport are also presented and an economical balance of each colligated company are done and analysed 35 figs., 115 tabs.

Plan 2000. The electricity companies plan for electricity conservation in the millennium; Plan 2000. Elselskabernes plan for elbesparelser i det nye aartusinde

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-12-01

Plan 2000 presents an account of the activities in the years 1997 and 1998 and a budget for the year 2000 and forwards. The report includes all 82 electricity companies in Denmark. Furthermore a number of particular analyses of relevance to electricity conservation are presented. All electricity companies work to promote electricity conservation. All consumption sizes and sections are covered. The activities in the individual companies are supported by a number of common campaigns. In Plan 2000 those activities are presented and the economics is analysed. The activities in the first year of the plan are expected to result in conservation corresponding 4% of the present electricity consumption. 80% of the conservation comes from activities, which are measurable. Technical counselling of trade customers is one of the essential activities. Others are e.g. telephone counselling, theme arrangements and teaching of pupils. (EHS)

Energy commercialization in the new environment of the Brazilian electric power sector. A methodology for production allocation strategies analysis

International Nuclear Information System (INIS)

Ramos, Dorel Soares; Lima, Wagner da Silva

1999-01-01

The restructuring of the Brazilian Electric Sector has modified the rules for purchase and sale of energy, resulting in the creation of the Wholesale Energy Market. In this new context, the decision of the exposure level to the spot market price and the purchase of energy through bilateral contracts becomes so much a strategic variable for consumers or dealers, as for hydro and thermal generators. This work presents a methodology for planning of energy commercialization envisaging purchase and sale energy opportunities provided by the new Regulatory Framework of the Brazilian Electric Sector. (author)

2015 Plan. Project 2: the electric power sector and the Brazilian economy: insertion and forecasts

International Nuclear Information System (INIS)

1993-05-01

This project shows the economic and the energetic view of the Brazilian electric power sector, mentioning the actual conjuncture; the economy evolution; some sector forecasts; demographical aspects; international price of petroleum and National Energetic Matrix. (C.G.C.)

The influence of Goiania radiological accident on Brazilian public opinion concerning new nuclear electric plants

International Nuclear Information System (INIS)

Meldonian, Nelson Leon; Mattos, Luis Antonio Terribile de

1997-01-01

The Brazilian society is against applications of nuclear energy, mainly respecting to construction of new nuclear power plants, believing that they are harmful to population's welfare and the environment. By this reason, Brazilian nuclear sector would promote a more intensive program of public discussion, not limited to technical and scientific community. Intending to contribute to a better judgment by society about the differences between diverse employment of nuclear energy, arguments concerned to its benefits are presented, pointing out that adverse accounts to nuclear electricity based on Goiania radiological accident, are not justified

Sale of electric energy: the case of Electric Power Company of Santa Catarina State (CELESC)

International Nuclear Information System (INIS)

Aurich, D.S.

1990-01-01

An electric power system assuring the electric supply to the investor client was developed by CELESC, linking the sale resources to one generation construction. It was related the cost of enlargement work from Pery plant, with the participation of Manville Forest Products in the investments. The economic aspects of this contract are presented, including the supply assure, the costs and the advantage each company will receive. (C.G.C.)

Strategies for Industry Internationalization Brazilian Pulp and Paper the Perspective of Eclectic Paradigm: A Case Study of Pulp and Paper Company Suzano

Directory of Open Access Journals (Sweden)

Mayra Batista Bitencourt Fagundes

2012-12-01

Full Text Available This article aims to analyze the process of internationalization of the Brazilian pulp and paper. This analysis has an economic bias, basing on the model of internationalization of Eclectic Paradigm of Dunning (1980 in order to identify the internationalization strategies, as well as the key drivers that have enabled reach new markets. We adopted a qualitative methodology, developed through a case study in the company Suzano, a Brazilian company, a global leader in the pulp and paper industry, with a strong presence in the international market. The data were obtained from literature searches, statistics, press releases and official documents of the company. For the treatment of these was used to pattern matching techniques, which enabled contrast them with the theory selected. The results revealed that Suzano differentiated adopted guidelines for the marketing of paper and pulp. The paper is intended primarily for the domestic market, whereas most of the pulp produced is intended to international trade. The company went international for having, according to the Eclectic Paradigm, the advantages of ownership and internalization over their competitors. The strategies used consists in finding markets (market seeking, search efficiency (efficiency seeking and search for strategic assets (strategic asset seeking. We conclude that the theory is Eclectic Paradigm in an appropriate tool for analyzing the internationalization process of the pulp and paper industries.

77 FR 7211 - Pacific Gas and Electric Company, Diablo Canyon Independent Spent Fuel Storage Installation...

Science.gov (United States)

2012-02-10

... NUCLEAR REGULATORY COMMISSION [Docket No. 72-26; NRC-2011-0110] Pacific Gas and Electric Company...) issued NRC Materials License No. SNM-2511 to the Pacific Gas and Electric Company (PG&E) for the Diablo.... 5. TS 3.1.2, ``Spent Fuel Storage Cask (SFSC) Heat Removal System,''--revise to allow the HI-STORM...

Management report 2001 of COPEL - Electrical Company of Parana State, Brazil

International Nuclear Information System (INIS)

Anon

2000-01-01

The COPEL - Electrical Company of Parana State, Brazil - management report of calendar year of 2000 is presented, covering the following topics: COPEL - standing for much more than energy; extending the benefits of electricity to everyone in Parana state, Brazil; protecting and recovering the environment; philanthropy and volunteer work; education; social integration; support to cultural expression and gratitude

The restructuring of the Brazilian electric power sector and the universal access to the electric power service

International Nuclear Information System (INIS)

Santos, Rosana Rodrigues dos; Mercedes, Sonia Seger P.; Sauer, Ildo Luis

1999-01-01

The central issue of debate was the need to align the energy sector's options and organization with changing global patterns of economic and social development, characterized by the increasing role played by the private sector, greater integration in the world economy, and new economic and social priorities such as efficiency, decentralization, deregulation, and a closer attention to environmental issues. The aim of the work was to overview the restructuring of the Brazilian electric power sector. Tariffs are also commented

Dynamics of risk management tools and auctions in the second phase of the Brazilian Electricity Market reform

International Nuclear Information System (INIS)

De Souza, Fabio Cavaliere; Legey, Luiz Fernando Loureiro

2010-01-01

In 2004, the reform of the Brazilian Electricity Market underwent a thorough revision. One of its causes was the electricity rationing that began in June 2001 and lasted until February 2002. Among other measures, the 2004 revision devised new mechanisms intended to reduce risks associated to contracts settled in electricity auctions and those related to investments in new generation plants. As 4 years have passed since the onset of the reform's revision, sufficiently enough data are now available for an analysis of the post-revision dynamics of the Brazilian Electricity Market. This is the purpose of the present paper. We focus on the dynamics of the different types of electricity auctions and on the so-called Mechanism for Compensation of Surpluses and Deficits, both created in the wake of the 2004 revision. The ultimate goal is to understand the behavior of the agents involved in auctions - notably buyers and sellers of electricity - and propose remedial actions to eliminate existing loopholes in the present regulatory framework. To achieve this goal, four steps were necessary. Firstly, a data base to support the analysis was built. Then, the main drivers of the dynamics of the risk management tools were identified. Finally, consequences of the implemented changes were discussed and corrections for observed pitfalls proposed. (author)

Measuring efficiency and productivity change (PTF) in the Peruvian electricity distribution companies after reforms

Energy Technology Data Exchange (ETDEWEB)

Perez-Reyes, Raul [Organismo Supervisor de la Inversion en Energia y Mineria, Osinergmin (Peru); Tovar, Beatriz [Infrastructure and Transport Research Group (EIT), Department of Applied Economics, University of Palmas de Gran Canaria (Spain)

2009-06-15

This paper analyzes the evolution of productivity of the electricity distribution companies in Peru, to assess whether reforms have improved the efficiency in this sector. The paper also identifies potential sources of productivity changes, based on market restructuring the electricity sector and changes in property. To do this, we rely on a set of data for 14 distribution companies, for the period 1996-2006. Our analysis suggests that improvements in the efficiency and productivity of electricity distribution in Peru have occurred, and that there is a relationship between the restructuring of distribution sector and the enhancement of productivity. (author)

Measuring efficiency and productivity change (PTF) in the Peruvian electricity distribution companies after reforms

International Nuclear Information System (INIS)

Perez-Reyes, Raul; Tovar, Beatriz

2009-01-01

This paper analyzes the evolution of productivity of the electricity distribution companies in Peru, to assess whether reforms have improved the efficiency in this sector. The paper also identifies potential sources of productivity changes, based on market restructuring the electricity sector and changes in property. To do this, we rely on a set of data for 14 distribution companies, for the period 1996-2006. Our analysis suggests that improvements in the efficiency and productivity of electricity distribution in Peru have occurred, and that there is a relationship between the restructuring of distribution sector and the enhancement of productivity. (author)

Probabilistic risk benchmark of the Brazilian electrical system; Risco probabilistico de referencia do sistema eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Soares, Neyl Hamilton Martelotta

2002-05-01

The main goal of this dissertation is to proceed a first numerical evaluation of the probabilistic risks magnitudes associated with the Brazilian Electrical network, considering the subsystems North, Northeast, South, Southeast and Mid West. This result is relevant because it can be used as an initial comparative reference for future reliability studies of the Brazilian Basic Grid. As a by-product, the whole set of criteria and procedures used in the work are described in detail. They may also serve as a preliminary base for future similar evaluations. (author)

76 FR 35208 - Pacific Gas and Electric Company; Nevada Irrigation District; Notice of Environmental Site Review

Science.gov (United States)

2011-06-16

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [ Project No. 2310-193--California; Project No. 2266-102--California] Pacific Gas and Electric Company; Nevada Irrigation District; Notice of Environmental Site Review On July 6-8, 2011, the Federal Energy Regulatory Commission (Commission) staff and the Pacific Gas and Electric Company ...

Heat-electricity convertion systems for a Brazilian space micro nuclear reactor

Energy Technology Data Exchange (ETDEWEB)

Guimaraes, Lamartine N.F.; Marcelino, Natalia B.; Placco, Guilherme M.; Nascimento, Jamil A.; Borges, Eduardo M., E-mail: guimarae@ieav.cta.br, E-mail: lamartine.guimaraes@pq.cnpq.br, E-mail: jamil@ieav.cta.br, E-mail: jalnsgf@outlook.com, E-mail: borges.em@hotmail.com, E-mail: ecorborges@hotmail.com, E-mail: ivayolini@gmail.com, E-mail: guilherme_placco@ig.com.br [Instituto de Estudos Avancados (IEAv/DCTA), Sao Jose dos Campos, SP (Brazil); Barrios Junior, Ary Garcia, E-mail: arygarcia89@yahoo.com [Faculdade de Tecnologia Sao Francisco (FATESF), Jacarei, SP (Brazil)

2013-07-01

This contribution will discuss the evolution work in the development of thermal cycles to allow the development of heat-electricity conversion for the Brazilian space micro nuclear Reactor. Namely, innovative core and nuclear fuel elements, Brayton cycle, Stirling engine, heat pipes, passive multi-fluid turbine, among others. This work is basically to set up the experimental labs that will allow the specification and design of the space equipment. Also, some discussion of the cost so far, and possible other applications will be presented. (author)

Heat-electricity convertion systems for a Brazilian space micro nuclear reactor

International Nuclear Information System (INIS)

Guimaraes, Lamartine N.F.; Marcelino, Natalia B.; Placco, Guilherme M.; Nascimento, Jamil A.; Borges, Eduardo M.; Barrios Junior, Ary Garcia

2013-01-01

This contribution will discuss the evolution work in the development of thermal cycles to allow the development of heat-electricity conversion for the Brazilian space micro nuclear Reactor. Namely, innovative core and nuclear fuel elements, Brayton cycle, Stirling engine, heat pipes, passive multi-fluid turbine, among others. This work is basically to set up the experimental labs that will allow the specification and design of the space equipment. Also, some discussion of the cost so far, and possible other applications will be presented. (author)

The development strategies of the european electric power companies

International Nuclear Information System (INIS)

Heddebaud, D.

2005-01-01

This study takes stock on the european market of the electric power and of its development perspectives. It details the strategy and the place of the main operators and shows their forces and weaknesses. It provides a comparison of the financial performances of 28 companies (growth, margins, profitability, debt and war chest). (A.L.B.)

Job safety and awareness analysis of safety implementation among electrical workers in airport service company

Directory of Open Access Journals (Sweden)

Putra Perdana Suteja

2018-01-01

Full Text Available Electrical is a fundamental process in the company that has high risk and responsibility especially in public service company such as an airport. Hence, the company that operates activities in the airport has to identify and control the safety activities of workers. On the safety implementation, the lack of workers’ awareness is fundamental aspects to the safety failure. Therefore, this study aimed to analyse the safety awareness and identify risk in the electrical workplace. Safety awareness questionnaires are distributed to ten workers in order to analyse their awareness. Job safety analysis method used to identify the risk in the electrical workplace. The preliminary study stated that workers were not aware of personal protective equipment usage so that the awareness and behavioural need to be analysed. The result is the hazard was found such as electrical shock and noise for various intensity in the workplace. While electrical workers were aware of safety implementation but less of safety behaviour. Furthermore, the recommendation can be implemented are the implementation of behaviour-based safety (BBS, 5S implementation and accident report list.

Own power: Motives of having electricity without the energy company

International Nuclear Information System (INIS)

Leenheer, Jorna; Nooij, Michiel de; Sheikh, Omer

2011-01-01

New technologies will enable households to generate an increasing amount of their own electricity. Intentions to generate own power are a preliminary step towards actual behavior. Because own generation is still very limited and the behavior of early adopters may not be representative for the complete population, our study focuses on intentions rather than actual behavior. A consumer survey among 2047 Dutch households reveals that environmental concerns are the most important driver of a household's intention to generate its own power. Affinity with technology and energy and the reputation of electricity companies are also significant drivers, but financial factors and power outages are not. About 40% of Dutch households have an intention to generate their own power, with an overrepresentation of young households. This group falls apart in two sub segments; for the 'generating savers' (21%) a high intention to generate own power coincides with a high intention to save energy, whereas generating users (18%) combine a high intention to generate own power with a low intention to save energy. - Highlights: → A consumer survey studies household intentions to generate own power. → Environmental concerns are the most important motive for generating own power. → Other drivers are affinity with technology and reputation of electricity companies. → About 40% of Dutch households feel a need to generate their own electricity.

Robust DEA under discrete uncertain data: a case study of Iranian electricity distribution companies

Science.gov (United States)

Hafezalkotob, Ashkan; Haji-Sami, Elham; Omrani, Hashem

2015-06-01

Crisp input and output data are fundamentally indispensable in traditional data envelopment analysis (DEA). However, the real-world problems often deal with imprecise or ambiguous data. In this paper, we propose a novel robust data envelopment model (RDEA) to investigate the efficiencies of decision-making units (DMU) when there are discrete uncertain input and output data. The method is based upon the discrete robust optimization approaches proposed by Mulvey et al. (1995) that utilizes probable scenarios to capture the effect of ambiguous data in the case study. Our primary concern in this research is evaluating electricity distribution companies under uncertainty about input/output data. To illustrate the ability of proposed model, a numerical example of 38 Iranian electricity distribution companies is investigated. There are a large amount ambiguous data about these companies. Some electricity distribution companies may not report clear and real statistics to the government. Thus, it is needed to utilize a prominent approach to deal with this uncertainty. The results reveal that the RDEA model is suitable and reliable for target setting based on decision makers (DM's) preferences when there are uncertain input/output data.

The Corporate Governance of Privately Controlled Brazilian Firms

Directory of Open Access Journals (Sweden)

Érica C. R. Gorga

2009-09-01

Full Text Available We provide an overview of the corporate governance practices of Brazilian public companies, based primarily on an extensive 2005 survey of 116 companies. We focus on the 88 responding Brazilian private firms which are not majority owned by the state or a foreign company. We identify areas where Brazilian corporate governance is relatively strong and weak. Board independence is an area of weakness: The boards of most Brazilian private firms are comprised entirely or almost entirely of insiders or representatives of the controlling family or group. Many firms have zero independent directors. At the same time, minority shareholders have legal rights to representation on the boards of many firms, and this representation is reasonably common. Financial disclosure lags behind world standards. Only a minority of firms provide a statement of cash flows or consolidated financial statements. However, many provide English language financial statements, and an English language version of their website. Audit committees are uncommon, but many Brazilian firms use an alternate approach to ensuring financial statement accuracy – establishing a fiscal board. A minority of firms provide takeout rights to minority shareholders on a sale of control. Controlling shareholders often use shareholders agreements to ensure control.

Financial performance and remuneration of executive directors of brazilian

Directory of Open Access Journals (Sweden)

Larissa Degenhart

2017-09-01

Full Text Available This study aimed to examine whether there is a relationship between financial performance and the remuneration of executive directors of Brazilian companies. Thus, there was a descriptive, documentary and quantitative research. The review period was the years 2011 to 2015. The study population consisted of Brazilian companies listed on the BM&FBovespa and the sample consisted of companies that presented all the variables used in each year surveyed, totaling 219 companies. For the data analysis was conducted to Spearman correlation analysis and linear regression, and was performed using the SPSS statistical software. From the study results it was found that the variables: Total Asset Profitability (ROA and company size had a significant and positive relationship with the fixed remuneration, variable and total executive directors. These results showed for the analyzed scenario, the compensation of executive officers is higher when the ROA is high and also in relation to the company size, large companies pay their executives more than smaller companies. Finally, it can be concluded that there is a relationship between financial performance and Fixed Compensation, and Variable Total executive directors of Brazilian companies listed on the BM&FBovespa. In addition, this research contributes to the understanding of the amounts paid to executive officers, demonstrating that the performance of companies reflected in the remuneration of the executive directors, so that they act in the company in order to raise the economic and financial results.

Social balance sheet 2000 of COPEL - Electrical Company of Parana State, Brazil

International Nuclear Information System (INIS)

Anon

2000-01-01

The COPEL - Electrical Company of Parana State, Brazil social balance report of calendar year of 2000 is presented, covering the following topics: COPEL - standing for much more than energy; extending the benefits of electricity to everyone in Parana state, Brazil; protecting and recovering the environment; philanthropy and volunteer work; education; social integration; support to cultural expression and gratitude

Consumers free of electric power. A practical vision; Consumidores livres de energia eletrica. Uma visao pratica

Energy Technology Data Exchange (ETDEWEB)

Florezi, Guilherme

2009-07-01

In the new environment of the Brazilian electric power sector, since the changes in the institutional model beginning in 1993, electrical sector agents entered into a highly competitive market, particularly in the case of the consumers which have had the possibility to choose their supplier of electricity in accordance with rules and restrictions that have been modified over the years. The consumer that fits this profile, was named free consumer whom in accordance with the rules and restrictions dictated by the National Electric Energy Agency (ANEEL), will have the option of electrical energy delivery through other companies, instead of the company that holds granting of the area where the consumer in question is physically located. The other costumers, that could not be qualified as free, remain captive, unable to choose for their supply from outside the area where the original grant is located. The studies presented here are an important starting point for research on free energy consumers and their behavior in order to provide subsidies to the readers to get a better understanding of the history of the Brazilian energy sector and the free market, with emphasis on free consumers, to thereby enable their potential bases for a possible study of migration to the free market . (author)

The Influence of Environmental Disclosure on Capital Structure of Brazilian Companies listed on the BM&FBovespa

Directory of Open Access Journals (Sweden)

Sheila Mendes Fernandes

2012-12-01

Full Text Available The objective of this study to verify the relationship between environmental disclosure and the capital structure of companies classified according to Law 10165 which provides for the National Environmental Policy for the period 2006 to 2010. To meet the proposed objectives were used as proxies for capital structure debt to verify the cost of debt and to verify the CAPM cost of equity. To measure the level of environmental disclosure content analysis was carried out in the notes, the management report and the report of the environmental information contained in the report of the Annual Information (IAN. We analyzed 89 companies with 95,020 sentences, and 5279 relating to environmental events, such 4819 relating to environmental information regarding positive and 460 negative environmental information. To investigate the relationship between these variables was used in the analysis panel with random effects adjusted by robust tool. The findings of this study demonstrate that environmental disclosure does not affect the cost of debt, ie, in the Brazilian market, the environmental information whether positive or negative does not drive the market to influence positively / negatively the cost of debt. However, the results showed that the positive environmental disclosure adversely affects the cost of equity demonstrating that "good environmental image of the company" leverage the company's credibility this crucial factor in reducing the risk of the company since the engagement with sustainability and generate savings for the effective and efficient use of resources eliminates and / or reduces the incidence of government regulations.

Losses and unpaid bills in the electricity distribution activities in Brazil; Perdas e inadimplencia na atividade de distribuicao de energia eletrica no Brasil

Energy Technology Data Exchange (ETDEWEB)

Araujo, Antonio Carlos Marques de

2007-04-15

The main purpose of this paper is to deepen the discussion about the impact of the electrical losses and the unpayment of the correspondent bills in the Brazilian market of electricity distribution, by establishing the dimension of the problem and analysing the main physical, economic and social variables which explain the rambling occurrence of the phenomenon among the companies all over the country. The study was developed by using statistical models which made possible to built explaining models. Furthermore, the paper discusses the institutional treatment given to the issue by the Brazilian federal regulatory agency, under a tariff, technical and regulatory point, and comments the actions adopted by the companies to minimize the consequent revenue impact. Finally, conclusions and some suggestions are presented regarding complementary studies related to this field of knowledge. (author)

Integrating competition and planning: A mixed institutional model of the Brazilian electric power sector

International Nuclear Information System (INIS)

Bajay, S.V.

2006-01-01

During the past decade, the Brazilian electric power sector went through similar institutional changes taken place in both developing and developed countries. The main goals for such changes were to inject competition into the generation and supply links of the sector's production chain and to reduce public debt via privatization of state-owned utilities that dominated the pre-reform sector. This paper discusses why these changes took place in Brazil and explains why the results of the reform model implemented by the previous federal administration were unsatisfactory. The current federal administration has substantially altered the prior model, aiming to remedy insufficient private investment in new power stations that caused a serious power shortage in 2001. The paper addresses the main characteristics of the new model, which implements (a) public biddings of new power plants for all distribution utilities in the country, and (b) forward planning of optimal commissioning times and capacity of new plants. The paper ends with a discussion of the potential benefits and drawbacks of the new scheme and the role of the regulator in the early stage of the ongoing transition in the Brazilian electrical power industry. (author)

Do acquisitions by electric utility companies create value? Evidence from deregulated markets

International Nuclear Information System (INIS)

Kishimoto, Jo; Goto, Mika; Inoue, Kotaro

2017-01-01

In the early 1990s, the United Kingdom (the UK) initiated widespread reforms in the electricity industry through a series of market liberalization policies. Several other countries have subsequently followed the lead and restructured their electricity industry. A major outcome of the deregulation effort is the spate of takeovers, both domestic and global, by electric utility companies. With the entry of new players and increasing competition, the business environment of the electricity industry has changed dramatically. This study analyzes the economic impact of mergers and acquisitions (M&As) in the electric utility industry after deregulation. We have examined acquisitions that took place between 1998 and 2013 in the United States, Canada, the UK, Germany, and France. Although previous studies showed no evidence of a positive effect on acquiring firms through M&As, we find that acquisitions by electric utility companies increased the acquiring firms’ share value and improved their operating performance, primarily through efficiency gains after the deregulation. These results are consistent with the empirical evidence and implications presented by Andrade et al. (2001) that M&A created value for the shareholders of the acquiring and target combined firms. - Highlights: • This study examined mergers and acquisitions (M&A) in electric utility industry. • The sample covered M&A between 1998 and 2013 in North America and Europe. • We found M&A significantly increased acquiring firms’ share value and operating performance. • Deregulation policy realized gains for shareholders without incurring costs for consumers.

Data envelopment analysis with uncertain data: An application for Iranian electricity distribution companies

International Nuclear Information System (INIS)

Sadjadi, S.J.; Omrani, H.

2008-01-01

This paper presents Data Envelopment Analysis (DEA) model with uncertain data for performance assessment of electricity distribution companies. During the past two decades, DEA has been widely used for benchmarking the electricity distribution companies. However, there is no study among many existing DEA approaches where the uncertainty in data is allowed and, at the same time, the distribution of the random data is permitted to be unknown. The proposed method of this paper develops a new DEA method with the consideration of uncertainty on output parameters. The method is based on the adaptation of recently developed robust optimization approaches proposed by Ben-Tal and Nemirovski [2000. Robust solutions of linear programming problems contaminated with uncertain data. Mathematical Programming 88, 411-421] and Bertsimas et al. [2004. Robust linear optimization under general norms. Operations Research Letters 32, 510-516]. The results are compared with an existing parametric Stochastic Frontier Analysis (SFA) using data from 38 electricity distribution companies in Iran to show the effects of the data uncertainties on the performance of DEA outputs. The results indicate that the robust DEA approach can be a relatively more reliable method for efficiency estimating and ranking strategies

77 FR 58471 - Airworthiness Directives; General Electric Company Turbofan Engines

Science.gov (United States)

2012-09-21

... Airworthiness Directives; General Electric Company Turbofan Engines AGENCY: Federal Aviation Administration (FAA.../P1, GEnx-1B75/P1, GEnx- 2B67, and GEnx-2B67B turbofan engines. This AD requires initial and... this AD will affect 11 GE GEnx turbofan engines installed on airplanes of U.S. registry. We also...

Custos operacionais eficientes das distribuidoras de energia elétrica: um estudo comparativo dos modelos DEA e SFA The cost efficiency of the Brazilian electricity distribution utilities: a comparative study with DEA and SFA models

Directory of Open Access Journals (Sweden)

Marcus Vinicius Pereira de Souza

2010-12-01

Full Text Available Este artigo apresenta medidas de eficiência para 40 distribuidoras de energia elétrica que operam no setor elétrico brasileiro. As medidas foram obtidas por modelos de análise envoltória de dados (DEA e modelos de fronteira estocástica (SFA, duas técnicas que podem mitigar a assimetria de informação e aprimorar a habilidade do agente regulador comparar os desempenhos das distribuidoras, requisitos fundamentais em esquemas de regulação incentivada. As duas abordagens são apresentadas e os resultados obtidos pelos diferentes modelos são comparados.This paper shows the efficiency measurements of 40 Brazilian electricity distribution companies. The efficiency scores are obtained using the data envelopment analysis (DEA and stochastic frontier analysis (SFA models, techniques that can reduce the information asymmetry and improve the regulator skills to compare the performance of the electricity companies, which are fundamental aspects of regulatory regimes. The two approaches are described, and the main results obtained from the different models are compared.

Environmental management and operational performance in automotive companies in Brazil

DEFF Research Database (Denmark)

Jabbour, C.J.C.; De Sousa Jabbour, A.B.L.; Govindan, Kannan

2013-01-01

The main objective of this study is to verify the influence of Environmental Management (EM) on Operational Performance (OP) in Brazilian automotive companies, analyzing whether Lean Manufacturing (LM) and Human Resources (HR) interfere in the greening of these companies. Therefore, a conceptual...... framework listing these concepts was proposed, and three research hypotheses were presented. A questionnaire was elaborated based on this theoretical background and sent to respondents occupying the highest positions in the production/operations areas of Brazilian automotive companies. The data, collected...

The last mile in the Brazilian Amazon – A potential pathway for universal electricity access

International Nuclear Information System (INIS)

Gómez, Maria F.; Silveira, Semida

2015-01-01

The Brazilian rural electrification initiative Luz Para Todos – LPT (Light for All) has attracted attention internationally due to its ambitious targets and significant achievements in the last decade. The initiative has proved effective in its first phase, which has been developed through the extension of the grid. Yet, there are still important challenges to provide the service to inhabitants of remote areas in the Brazilian Amazon. We identify these challenges within institutional, technology, and funding structures operating within LPT. In line with these challenges, we propose a pathway to facilitate the achievement of universal electricity access in remote areas of the region. The proposed pathway is based on three key leverage points: (i) rules guiding the relationship among new agents and communities; (ii) the implementation of small-scale power generation technologies based on local resources; and (iii) optimized subsidies. It has the potential to allow (i) a better dimensioning of off-grid solutions considering local resources and realities, (ii) the creation of adapted institutions capable of implementing and operating the required systems and, (iii) an effective operation of off-grid solutions. -- Highlights: •There are important challenges to provide universal electricity access in the Amazon. •We propose a pathway to facilitate universal electricity access in remote areas of the Amazon. •The pathway allows a transition to a more knowledge-driven and participatory system

Resources transfer and centralization in Brazilian electrical sector: the reversion global reserve (RGR) and the guarantee global reserve (GGR)

International Nuclear Information System (INIS)

Souza Amaral Filho, J.B. de.

1991-01-01

This dissertation makes the analysis of resources transfer and centralization in Brazilian electrical sector, through reversion global reserve (RGR) and guarantee global reserve (GGR). RGR and GGR are funds. RGR finances sectorial investments in electric power and GGR aims the supply of deficient concessionaires. Governmental investments and the results of this application are showing. (M.V.M.). 55 refs, 2 figs, 61 tabs

The financial and accounting implications of the privatization of the regional electricity companies in the UK

International Nuclear Information System (INIS)

Thomson, L.

1993-01-01

This paper reviews some of the financial and accounting implications of the privatization of the electricity distribution and supply sector in England and Wales, specifically the transformation of the Electricity Area Boards into the 12 Regional Electricity Companies (RECs). It considers the factors influencing the setting of post-privatization price control factors; the capital restructuring of the RECs; the valuation placed by the Secretary of State for Energy on each company at flotation, and market reaction to this as shown in subsequent changes in share price; and changes in the information provided in the RECs' accounts over the privatization period. (Author)

Instruments for the regulation of the electric power projects: An integrated vision of the socio-environmental aspects

International Nuclear Information System (INIS)

Regini Nutti, Miriam; Milazzo, Maria Luiza; Rodriguez Garcia, Eduardo; Menezes, Carlos Frederico; Pompeu Serran, Flavia; Sebastiao Costa, Luiz; Neves Mundim, Rogerio

1999-01-01

The process of institutional change in the Brazilian electric sector accelerated the revision or elaboration of relating normative documents to the elaboration of studies and generation projects and electric power transmission. These documents were produced in a cooperative way by initiative of the organ federal regulator, under the coordination of ELETROBRAS and with the collaboration of technical teams of about ten Brazilian companies of energy. The aspects socio-environmental was absorbed in the normative documents, starting from an integrated vision of content and of the activities proposed with the energy studies and of engineering, allowing to diminish the relating uncertainties to the implementation of the projects and to assist to the national and sector environmental politics

Diagnóstico da fauna silvestre em empresas florestais brasileiras Diagnosis of wild fauna in brazilian forest companies

Directory of Open Access Journals (Sweden)

Giovanna Debortoli Medeiros

2009-02-01

Full Text Available Com o objetivo de conhecer a situação atual da fauna silvestre em empresas florestais brasileiras, foram pesquisadas 42 razões sociais, entre Associadas e Co-Participantes da Sociedade de Investigações Florestais (SIF, as quais possuem plantios florestais próprios. As informações foram obtidas com base em questionário enviado às referidas empresas, via correio eletrônico, sendo as respostas obtidas também por esse mecanismo. Entre os vários resultados, destaca-se o fato de que 90,9% das empresas associadas já realizaram levantamentos qualitativos da fauna silvestre. No entanto, de modo geral há notória carência de infra-estrutura nas empresas pesquisadas para atender a trabalhos específicos de manejo e conservação da fauna silvestre.Forty-two companies, associates and co-participants of the Forest Investigation Society (SIF and owners of private forest plantations, were assessed to determine the current situation of wild fauna in Brazilian forest companies. Information was obtained through a questionnaire sent to and received from the companies by e-mail. One of the several results obtained was that 90.9% of the associate companies had already carried out qualitative surveys on wild fauna stands.. On the other hand, in general, there is a total lack of infrastructure in the surveyed companies, to specifically assist in the management and conservation of wild fauna.

Commitment to Emissions Restrictions of Major Consumers of Electricity in Brazil

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Fabricio Casarejos

2014-09-01

Full Text Available In the context of global concerns about climate change that stem from the alarming and unprecedented growth of greenhouse gas (GHG emissions, this study discusses the use of energy by large consumers of electricity in Brazil in the perspective of sustainable development, energy resources, and regulatory policies. It evaluates the commitment to emissions restrictions among the major customers of an electricity utility company that serves 4.1 million consumers (68% of the population and 66% of the gross internal product for the second-highest economically developed Brazilian state. The evaluation is based on proposed metrics and indicators. By considering the Brazilian commitment to a policy of sustainable development, this study reviews the primary international agreements and recommendations that have been developed to mitigate and adapt to climate change and sustainability. A survey was developed for participating organizations classified by economic sector to assess their awareness to 18 issues that reflect international guidelines on emission constraints. Based on total energy consumption, the survey discusses the worrying level of GHG emissions (tCO2eq that is associated with the generation of electricity by customers of the largest utility company. In spite of 90% of the organizations having considered sustainability as a business opportunity and a competitive differential that enables niche markets, the results of this study demonstrated low commitment to the desired emissions restrictions.

Cost-benefit analysis of a socio-technical intervention in a Brazilian footwear company.

Science.gov (United States)

Guimarães, L B de M; Ribeiro, J L D; Renner, J S

2012-09-01

This article presents a costs-benefits analysis of a macroergonomic intervention in a Brazilian footwear company. Comparing results of a pilot line (composed by 100 multiskilled workers organized in teams) with eight traditional lines (still working in a one human being/one task model) the intervention showed to be worth pursuing since achieved gains were higher than intervention costs: there was a reduction in human resource costs (80% reduction in industrial accidents, 100% reduction in work-related musculoskeletal disorders or WMSD, medical consultations and turnover, and a 45.65% reduction in absenteeism) and production improvement (productivity increased in 3% and production waste decrease to less than 1%). The net intervention value of the intervention was around U$ 430,000 with a benefit-to-cost ratio of 7.2. Moreover, employees who worked in the pilot line understood that their quality of work life improved, compensating the anxiety brought up by the radical changes implemented. Copyright © 2012 Elsevier Ltd and The Ergonomics Society. All rights reserved.

Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions

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Clarice Secches Kogut

Full Text Available Abstract Regarding the debate on which sort of management - professional or family administration - would more effectively run businesses, this paper discusses the advantages and shortcomings of family and professional management from a theoretical and a practitioner’s viewpoint. The study aims at contributing to our understanding about the superiority that either type of management might have delivering long-term performance and value creation to shareholders. Six investors from top value investment funds were interviewed regarding the management of seven fashion retail Brazilian companies. Data analysis revealed that investors do not prefer either type of management - family or professional - when they make investments. Instead, they do look for specific characteristics and patterns of behavior in a CEO, which resemble Selznick’s (1957 definition of an institutional leader. Finally, the paper suggests a new path of research for scholars (relating old institutionalism and professionalism and practical guidelines for each type of management (family or professional, offering, therefore, an academic as well as a practical contribution.

Brazilian franchisor: Entry and operation of internationalized franchise

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Helder de Souza Aguiar

2017-11-01

Full Text Available This study aimed to compare the entry and operations strategies of franchisors of developed countries into foreign countries with Brazilian counterparts. Were there significant differences? An exploratory study was conducted with 16 international franchisors operating in Brazil and 31 Brazilian franchisors operating abroad. The results show that international franchisors operating abroad prefer to use a subsidiary in the destination country. At the same time, this strategy is little used by Brazilian franchisors, which prefer the strategy of direct franchises. For data collection, 47 directors or managers of the international expansion of Brazilian companies and the expansion directors of the international companies which operates in Brazil were interviewed. Although more expensive, the subsidiary in the target country offers greater control over the expansion of business reducing the problems caused by the distance of the country of origin. For the management of franchisors, this paper points out that the subsidiary is a natural evolution of entry and operation mode when it is desired or it is needed to control the expansion of networks in other countries. Thus, managers of franchisors in emerging countries should carefully examine the subsidiary option in the target country when their company considers accelerating international growth.

Assessment and Improving Methods of Reliability Indices in Bakhtar Regional Electricity Company

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Saeed Shahrezaei

2013-04-01

Full Text Available Reliability of a system is the ability of a system to do prospected duties in future and the probability of desirable operation for doing predetermined duties. Power system elements failures data are the main data of reliability assessment in the network. Determining antiseptic parameters is the goal of reliability assessment by using system history data. These parameters help to recognize week points of the system. In other words, the goal of reliability assessment is operation improving and decreasing of the failures and power outages. This paper is developed to assess reliability indices of Bakhtar Regional Electricity Company up to 1393 and the improving methods and their effects on the reliability indices in this network. DIgSILENT Power Factory software is employed for simulation. Simulation results show the positive effect of improving methods in reliability indices of Bakhtar Regional Electricity Company.

Profiting from competition: Financial tools for electric generation companies

Science.gov (United States)

Richter, Charles William, Jr.

Regulations governing the operation of electric power systems in North America and many other areas of the world are undergoing major changes designed to promote competition. This process of change is often referred to as deregulation. Participants in deregulated electricity systems may find that their profits will greatly benefit from the implementation of successful bidding strategies. While the goal of the regulators may be to create rules which balance reliable power system operation with maximization of the total benefit to society, the goal of generation companies is to maximize their profit, i.e., return to their shareholders. The majority of the research described here is conducted from the point of view of generation companies (GENCOs) wishing to maximize their expected utility function, which is generally comprised of expected profit and risk. Strategies that help a GENCO to maximize its objective function must consider the impact of (and aid in making) operating decisions that may occur within a few seconds to multiple years. The work described here assumes an environment in which energy service companies (ESCOs) buy and GENCOs sell power via double auctions in regional commodity exchanges. Power is transported on wires owned by transmission companies (TRANSCOs) and distribution companies (DISTCOs). The proposed market framework allows participants to trade electrical energy contracts via the spot, futures, options, planning, and swap markets. An important method of studying these proposed markets and the behavior of participating agents is the field of experimental/computational economics. For much of the research reported here, the market simulator developed by Kumar and Sheble and similar simulators has been adapted to allow computerized agents to trade energy. Creating computerized agents that can react as rationally or irrationally as a human trader is a difficult problem for which we have turned to the field of artificial intelligence. Some of our

Electricity company managers' views of environmental issues: Implications for environmental groups and government

International Nuclear Information System (INIS)

Fischhoff, Maya E.

2007-01-01

The electricity industry's environmental impacts are a matter of acute interest to many outsiders, including government and environmental groups-and they have sought to affect those impacts through regulations, public pressure, and technical assistance. These approaches reflect outsiders' intuitive theories regarding the industry's goals, practices, and capabilities. The research reported here provides a systematic insiders' view on these processes, based on in-depth interviews with 70 middle managers in two electricity companies heavily reliant on coal. It finds managers sincerely committed to environmental action, but often frustrated by confusing regulatory requirements, perceived costs, and other challenges. It identifies ways of enabling middle managers to act on their commitment, with lessons relevant for outside groups and those within companies seeking to effect change

Tariffs and investments at the Brazilian electric sector; Tarifas e investimentos no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Vela, Jorge Alberto Alcala; Almeida, Denizart do Rosario [ELETROBRAS - Centrais Eletricas Brasileiras, Rio de Janeiro, RJ (Brazil)

2006-07-01

The objective of the work is to identify the impacts of the variations in the tariffs of the electricity on the standard of growth of the consumption of electric energy, and the role that these variations had exerted in the allocation of resources by the companies of the sector, in the period 1995-2004. In this period, changes in the habits of consumption of energy due the adopted during the rationing, explain, in part, the reduction of the income-elasticity of the consumption of electric energy, but the contribution of a significant effect-price was important for this reduction. Also are evidenced, in this work, the categories of use and the regions that had more contributed for this effect. For the allocation of resources, from 1998 a decline of the participation of the investments in the sector in the total of investments of the economy is observed, with the companies of the sector presenting differentiated behaviors visibly. The companies of distribution apparently more privileged for the formation of resources, have presented, in the recent years, a declining evolution in its rate of investments when compared with the others segments. Among the determinative factors of the decisions of investment of the companies of distribution, can be mentioned the change in the standard of growth of the consumption and the effect of the evolution of the opportunity cost of the inversions. (author)

76 FR 54259 - Virginia Electric and Power Company, Docket Nos. 50-338 and 50-339, North Anna Power Station...

Science.gov (United States)

2011-08-31

... NUCLEAR REGULATORY COMMISSION [NRC-2011-0185] Virginia Electric and Power Company, Docket Nos. 50.... NPF-4 and NPF-7, issued to Virginia Electric Power Company (the licensee), for operation of the North...) and (d) during declarations of severe weather conditions involving tropical storm or hurricane force...

Internationalization Strategy and Financial Performance in Brazilian Firms

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Pedro Paulo Mendes Silva

2011-12-01

Full Text Available The internationalization of the firm and the appearance of multinational companies are not recent events. The first initiatives to realize businesses overseas and increase profits in this way date from the beginning from the Modern Age. For Brazilian companies in particular, this phenomenon has been gaining attention since the 1990s, with the commercial opening of the country. The objective of this study was to analyze the strategy of internationalization in Brazilian companies, in particular the case of publically traded companies with foreign direct investments greater than $10 million, and the relation with the financial performance of these companies. Through a quantitative study using the rate of variation of internationalization and financial performance, researchers developed an analysis of the relation between the process of internationalization and financial performance indicators in nine companies that make up the non-probabilistic sample of convenience. The results concluded that there is a weak positive correlation with financial indicators of growth; profitability metrics show a negative relationship in some of the independent variables.

Investments in the Brazilian electric sector; Os investimentos no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Mello, Arthur Octavio Pinto Barreto de

2008-05-15

This work covers the investments in the Brazilian electric sector. Initially it describes the investments since 1879 in order to give a better understanding of the historical return obtained by investors, associated risks, investors' profile and investment's funding. Then some financial considerations related to new investments analysis are presented, emphasizing: the discounted cash flow theory, the equity return, the business risks and the characteristics of the main project accounts. Additionally, a hydroelectric case study is presented, in which the effect at the energy price of uncertainties in cost's projections, regional tax benefits, tax alternatives, and others are stressed. (author)

Fuel cells and electricity companies - new risk management opportunities

International Nuclear Information System (INIS)

Whale, M.

2004-01-01

'Full text:' Deregulation, distributed generation, combined heat and power, renewables, fuel cells, hydrogen. Power companies are facing a rapidly evolving environment that is testing their ability to effectively deploy capital and earn profits. While recent deregulation trends have shifted the structure of power markets into separating generators from distributors, the improving economic value proposition offered by smaller scale distributed generation technologies - such as fuel cells - would seem to be a conflicting development. In this complex and changing environment, decisions based on the economic reality of the capital markets are likely to prevail. By examining the opportunity to enhance risk management offered by stationary fuel cells, particularly in CHP applications, we provide a context for the issues being discussed in today's sessions focusing on power companies and electric utilities. Our risk management perspective suggests a pathway for implementing fuel cells in combined heat and power applications that large power generators can introduce in increasingly smaller sizes. With capital costs of fuel cells high and risk tolerance of power companies low, the challenge for smaller technology developers will be to reduce the apparently long time horizon that persists for substantial deployment. (author)

Analysis Brazilian preference shares: financial liabilities or equity instruments?

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Diana Lucia de Almeida

2016-05-01

Full Text Available The Brazilian preference shares, in general, except when they present specific features, such as mandatory redemption and cumulative dividends, meet the accounting definition of equity instruments. However, the scientific literature believes that those shares that do not have discretion to avoid the delivery of cash must be classified as financial liabilities. In a context in which remain differences of understanding of their proper accounting treatment, the following question arises: preferred shares of Brazilian companies are being recognized in the financial statements in accordance with the theoretical and normative precepts? Thus, the aim of this study is to verify if the preference shares of Brazilian companies have been recognized in the financial statements for according to the scientific literature and accounting standards. Through content analysis, we analyzed the information of 157 companies listed on BM&FBOVESPA. The results show that 155 companies classify its preference shares as equity instruments and two as financial liabilities. These two companies, as well as 149 of those which qualify as equity instruments, are treating them properly in its accounting. The other six companies should present its preference shares as liabilities, given the absence of discretion to avoid cash delivery, feature present in financial liabilities, unlike equity instruments. It is noticed that, unlike what happens, for instance, in the US market, it is not possible to classify all Brazilian preference shares as a financial liability, since, in Brazil , they are used in different legal format of those widely found in that market. Moreover, almost all of the analyzed shares have essential features for classification as equity instruments. Hence, the importance of analysis of the economic essence of each instrument, thus, enabling the appropriate accounting treatment in the financial statements.

[The law of quotas for people with disabilities in Brazilian companies: the impact and possible alternatives].

Science.gov (United States)

Zanitelli, Leandro Martins

2013-07-01

This paper consists of a theoretical analysis of the impact of the Brazilian law establishing quotas for people with disabilities in companies with one hundred or more employees, as well as the possible impact of some alternative legal measures: incentives (fiscal incentives and tradable rights) and information disclosure policies. The analysis is based on work regarding the efficacy of legal norms in general, and particularly the literature concerning the cost and cognitive effects of those norms. Given its exclusively theoretical character, the paper does not affirm the superiority of any regulatory strategy over the current law, but draws attention to the likely reasons for the failure of the quota system and for the potential and inconveniences of its proposed alternatives.

Clean coal technology project to Polk Power Station, Tampa Electric Company, Florida, Volume 1: Report

International Nuclear Information System (INIS)

1994-06-01

Tampa Electric Company proposes to construct and operate a 1,150-MW power station in southwestern Polk County, Florida. The proposed Polk Power Station would require an EPA NPDES permit for a new source and would include a 260-MW IGCC unit as a DOE Clean Coal Technology demonstration project. This EIS document assesses the proposed project and alternatives with respect to environmental impacts. Mitigative measures are also evaluated for the preferred alternative. Included in this Volume I are the following: alternatives including Tampa Electric Companies proposed project (preferred alternative with DOE financial assistance); affected environment; environmental consequences of the alternatives

Organization and development of the Brazilian nuclear programme

International Nuclear Information System (INIS)

Pinto, C.S.M.; Souza, J.A.M. de; Grinberg, M.; Alves, R.N.; Costa, H.M. da; Grimberg, M.

1977-01-01

The paper presents the Brazilian Nuclear Energy Programme, its development, the organizations and the distribution of responsibilities involved in its execution at the present time. The nuclear power policy is established at the Presidency of the Republic and is planned, executed and controlled through the Ministry of Mines and Energy. Directly subject to the Ministry is the Brazilian Nuclear Energy Commission (CNEN), which has regulatory, standardization, licensing, planning and surveillance functions. The nuclear fundamental research and manpower formation are also under CNEN responsibility. Also subject to the Ministry are two companies responsible for the execution of the Programme: the Centrais Eletricas Brasileiras S.A. - Eletrobras, which advises on the granting of permits for the construction and operation of nuclear power plants, and the Empresas Nucleares Brasileiras S.A. - Nuclebras, which holds the monopoly of the nuclear fuel cycle in the country, designs and builds nuclear power plants and provides assistance to the electric utilities and promotes the participation of Brazilian industry. Besides describing the new distribution of regulatory functions given by law to CNEN, the paper gives special emphasis to the large industrial complex in the process of being established through the setting-up of the many Nuclebras subsidiaries in joint venture with German firms under the Industrial Co-operation Agreement Between Brazil and the Federal Republic of Germany in the Field of the Peaceful Uses of Nuclear Energy. The programmes for these subsidiaries are presented and their participation in the Brazilian Nuclear Energy Programme is discussed. The technology transfer aspects of the industrial activities are also discussed. (author)

The diverse strategies of american electricity companies in the face of de-monopolization of the electricity market

International Nuclear Information System (INIS)

Finon, D.; Serrato, G.

2000-01-01

The electricity boards in the United States of America have adopted new strategies clearly influenced by anterior regulations and by de-monopolization. Numerous mergers are only the most spectacular of these strategies, enabling the start-up handicap of size in face of new competition to be surmounted, and offering the advantage of bringing together the supply of gas and electricity. Two principal means of adaptation for the gas and electricity boards are their development in non-regulated production (equipment sharing, setting up of merchant plants), and their involvement in bulk trade and competitive retail sales; moreover some choose to specialize in electronuclear production on transport. Lastly, internationalization and diversification towards telecommunications are more frequent there than elsewhere. The purpose of this article is to characterize these strategies in comparison with those of the European electricity companies

Institutional Governance Framework for Determining Carbon-related Accounting Practices: An Exploratory Study of Electricity Generating Companies in Malaysia

Science.gov (United States)

Alrazi, B.; Mat Husin, N.

2016-03-01

Electricity industry is the major contributor of the global carbon emissions which has been scientifically identified as the main cause of climate change. With the various initiatives being implemented at the international, national, and industry levels, companies in the electricity industry are currently facing immense pressure from various stakeholders to demonstrate their policies, initiatives, targets, and performance on climate change. Against this background, accounting system is argued to be able to be play important roles in combating climate change. Using institutional governance as the underlying framework, we have identified several governance mechanisms as the determining factors for companies to have a systematic accounting system related to carbon emissions. The factors include environmental management system certification, environmental organization, publication of stand-alone sustainability reports, the use of GRI guidelines, environmental strategic planning, governance quality, and participation in CDP surveys and emissions trading scheme. We explored this issue in the context of major electricity generating companies in Malaysia and found that except for certified environmental management system, the other governance mechanisms are still lacking. The findings suggest that companies in Malaysia, in particular, from the electricity industry are not well prepared in facing risks related to climate change.

Outward Foreign Direct Investment from BRIC countries: Comparing strategies of Brazilian, Russian, Indian and Chinese multinational companies

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Wladimir Andreff

2015-12-01

Full Text Available An overall comparative study of outward foreign direct investment (OFDI from BRIC countries and strategies conducted by multinational companies (MNCs based in the BRICs is elaborated on with a same methodology for Brazil, Russia, India and China. The comparison pertains to the historical emergence of firms’ internationalisation, their booming expansion in the 2000s then their muddling through the current crisis, the specificities of OFDI from each home country, OFDI geographical distribution and industrial structure, econometric testing of the respective determinants of Brazilian, Russian, Indian and Chinese OFDI, and the role of home countries’ governments vis-à-vis home-based MNCs. Beyond some common characteristics, BRICs’ MNCs exhibit a number of major country-specific features.

The Restrictions to the Improper Use of Liability Company's Administration as a Way of Shareholder's Protection

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João Luis Nogueira Matias

2016-12-01

Full Text Available The brazilian limited company, in line with the principles of the Constitution, is not treated as partners's subject. There is the recognition of outside's interest. New standards are set in the internal relations with the protection of the rights of the minority. The partners can shape the limited company governance, however, the brazilian civil code put cogent norms that limit the abuse of management. In this paper will be analyzed the administration typology; agency conflicts; conflicts of interests between direction and the limited company and the management control. It is verified that the restrictions on brazilian limited company administration provides protection to shareholders.

Predictive Power and Value Relevance of Comprehensive Income Statement: an analysis of Brazilian companies listed on the BM&FBovespa

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Marcello Angotti

2016-09-01

Full Text Available The study aimed to analyze if the information about comprehensive income (CI and its individual components have predictive power to determine the Operating Cash Flow of the subsequent period (OCFt+1 at the Brazilian capital market companies. The research methodology has used financial data collected from Economatica® and CVM databases. The sample selection was performed considering the availability of variables: OCFt+1 and share prices. The period analyzed comprehended the years 2012-2014. It were used quantitative valuation techniques, establishing two moments of study: the first moment by testing the hypothesis that CI has greater predictive power than Net Income (NI for forecasting OCFt+1 (528 firms/years; and the second moment by testing the hypothesis that CI and its components have a value relevance at the Brazilian capital market (605 firms/years. The results suggest that the analysis of the consolidated CI individually would not be incremental for forecasting OCFt+1. However, an increase was observed in the predictive capacity for OCFt+1, with the inclusion of Other Comprehensive Income (OCI. Could not be verified, with aggregate disruption of the individual items of OCI, incremental capacity to determine the OCFt+1. It was observed that the Equity and NI have value relevance, but that is not confirmed to consolidated CI. Added to that, only the cash flow hedge was significant to explain the market value of the company, indicating there is informational benefit to stakeholders that employ the CI in their analysis.

Design of investment management optimization system for power grid companies under new electricity reform

Science.gov (United States)

Yang, Chunhui; Su, Zhixiong; Wang, Xin; Liu, Yang; Qi, Yongwei

2017-03-01

The new normalization of the economic situation and the implementation of a new round of electric power system reform put forward higher requirements to the daily operation of power grid companies. As an important day-to-day operation of power grid companies, investment management is directly related to the promotion of the company's operating efficiency and management level. In this context, the establishment of power grid company investment management optimization system will help to improve the level of investment management and control the company, which is of great significance for power gird companies to adapt to market environment changing as soon as possible and meet the policy environment requirements. Therefore, the purpose of this paper is to construct the investment management optimization system of power grid companies, which includes investment management system, investment process control system, investment structure optimization system, and investment project evaluation system and investment management information platform support system.

Efficiency and productivity (TFP) of the Turkish electricity distribution companies: An application of two-stage (DEA and Tobit) analysis

International Nuclear Information System (INIS)

Çelen, Aydın

2013-01-01

In this study, we analyze the efficiency performances of 21 Turkish electricity distribution companies during the period of 2002–2009. For this aim, we employ a two-stage analysis in order to take into account the business environment variables which are beyond the control of distribution companies. We determine the efficiency performances of the electricity distribution companies by help of DEA in the first stage. Then, in the second stage, using these calculated efficiency scores as dependent variable, we utilize Tobit model to determine the business environment variables which may explain the efficiency scores. According to the results, customer density of the region and the private ownership affect the efficiencies positively. Thus, the best strategy to improve efficiency in the market is privatizing the public distribution companies. - Highlights: • We analyze the efficiencies of 21 Turkish electricity distribution companies. • A two-stage analysis is employed to take into account environmental variables. • We firstly calculate efficiencies of companies with DEA, then Tobit model is used to determine the effects of the variables. • Customer density and ownership type affect the efficiencies positively. • Privatization is a good strategy to improve efficiencies

Brazilian nuclear renaissance in a sustainable development scenario - 097

International Nuclear Information System (INIS)

Dias, M.S.; Mattos, J.R.L.

2010-01-01

Brazil generated 326 TWh of hydroelectric power in 2005, accounting for ∼81% of the electricity production for that year. The 2005 to 2030 projections for the Brazilian development indicate growths from 2,020 kWh to 4,380 kWh in the per capita electricity consumption and from US$4,300 to US$8,950 in the per capita GDP (in market exchange rate and 2005 US$). The consumption of electricity is to grow from 375 TWh in 2005 to 1,030 TWh in 2030. In simple view and without considerations of aspects related with energy efficiency, this growth means 1.8 times the generation capacity of the 20. century should be built along of 25 years of the 21. century. The Brazilian electricity generation will demand all primary sources to meet the foreseen growth of the electricity consumption. As economical, safe and clean primary energy source for electricity generation, the nuclear energy is one option capable of large-scale and short-term deployment in the Brazilian growth of the electricity consumption. The contribution of nuclear generation in the electricity consumption should evolve from the current 2.6% for amounts over 5% in 2030. The perspective of the Brazilian nuclear sector is evolving to be resumed and present an opportunity for pooling and rationalizing the available skills - technical, cultural and human. The role of business opportunities and the future demands in the value chain of nuclear activities are summarized in this document. Institutions of R and D and Brazilian universities play an important role for the formation of new demanded knowledge and human resources. (authors)

Simulation of Hawaiian Electric Companies Feeder Operations with Advanced Inverters and Analysis of Annual Photovoltaic Energy Curtailment

Energy Technology Data Exchange (ETDEWEB)

Giraldez Miner, Julieta I [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Nagarajan, Adarsh [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Gotseff, Peter [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Krishnan, Venkat K [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Hoke, Anderson F [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Ueda, Reid [Hawaiian Electric Company; Shindo, Jon [Hawaiian Electric Company; Asano, Marc [Hawaiian Electric Company; Ifuku, Earle [Hawaiian Electric Company

2017-07-26

The Hawaiian Electric Companies achieved a consolidated Renewable Portfolio Standard (RPS) of approximately 26% at the end of 2016. This significant RPS performance was achieved using various renewable energy sources - biomass, geothermal, solar photovoltaic (PV) systems, hydro, wind, and biofuels - and customer-sited, grid-connected technologies (primarily private rooftop solar PV systems). The Hawaiian Electric Companies are preparing grid-modernization plans for the island grids. The plans outline specific near-term actions to accelerate the achievement of Hawai'i's 100% RPS by 2045. A key element of the Companies' grid-modernization strategy is to utilize new technologies - including storage and PV systems with grid-supportive inverters - that will help to more than triple the amount of private rooftop solar PV systems. The Hawaiian Electric Companies collaborated with the Smart Inverter Technical Working Group Hawai'i (SITWG) to partner with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) to research the implementation of advanced inverter grid support functions (GSF). Together with the technical guidance from the Companies's planning engineers and stakeholder input from the SITWG members, NREL proposed a scope of work that explored different modes of voltage-regulation GSF to better understand the trade-offs of the grid benefits and curtailment impacts from the activation of selected advanced inverter grid support functions. The simulation results presented in this report examine the effectiveness in regulating voltage as well as the impact to the utility and the customers of various inverter-based grid support functions on two Hawaiian Electric distribution substations.

Investments in the Brazilian electric sector; Os investimentos no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Mello, Arthur Octavio Pinto Barreto de

2008-05-15

This work covers the investments in the Brazilian electric sector. Initially it describes the investments since 1879 in order to give a better understanding of the historical return obtained by investors, associated risks, investors' profile and investment's funding. Then some financial considerations related to new investments analysis are presented, emphasizing: the discounted cash flow theory, the equity return, the business risks and the characteristics of the main project accounts. Additionally, a hydroelectric case study is presented, in which the effect at the energy price of uncertainties in cost's projections, regional tax benefits, tax alternatives, and others are stressed. (author)

The Perspective of Small and Medium Size Nuclear Power Reactors in the Brazilian Isolated Electricity Grids

International Nuclear Information System (INIS)

Moutinho dos Santos, E.

1998-01-01

As a consequence of the international crisis that has shaken the nuclear industry almost all over the world during the late 1980s, new academic contributions, which could settle a new basis for the nuclear energy in Brazil, have been scarce. This paper aims to partially fulfill this gap. We discuss some perspectives for the nuclear option to regain some prominence in the Brazilian energy matrix. Recent developments in the nuclear industry, including advances in plant design, have been opening interesting markets for small and medium nuclear power reactors (SMNPRs). We access the suitability and feasibility of such new technology in the Brazilian isolated electricity grids. We conclude by saying that, although the difficulties are still huge, SMNPRs may be a good strategy for Brazil to revitalize its nuclear policy. (author)

The Cultural Challenges of Managing Global Project Teams: A Study of Brazilian Multinationals

Directory of Open Access Journals (Sweden)

Ivete Rodrigues

2013-04-01

Full Text Available The internationalization of Brazilian companies brings a new reality: the need for implementation of global projects that bring, in turn, the challenge of managing multicultural teams. Since this is a recent phenomenon with little theoretical development, this study sought to understand the relationships between cultural characteristics and management teams of global projects in Brazilian multinationals. To carry this discussion forward, we studied six cases of Brazilian multinational companies, with the aim of deepening the understanding of the management of global teams, involving the planning, deployment, development and management of human resources. Among the projects studied, it was found that there is very little concern with the specific issue of multiculturalism and little inter-cultural incentive to the development of team members, which ends up hindering the construction of a global mindset, important for the Brazilian multinational companies to perform successfully abroad. Faced with this situation, each of the managerial processes mentioned were presented with a number of actions to be undertaken by the project manager in three different dimensions: the project itself, the organization and the global environment. The work contributes, thus, to enable Brazilian multinational companies to manage their global teams in order to maximize the advantages of global teams, such as increased creativity and innovative capacity, but avoid the problems that multiculturalism can bring, ranging from conflicts between people to project failure.

Comparison between Brazilian and Portuguese energy sceneries considering the importance of small hydroelectric power plants; Comparacao entre os cenarios energeticos brasileiros e portugueses considerando-se a implantacao de PCH's - Pequenas Centrais Hidreletricas

Energy Technology Data Exchange (ETDEWEB)

Mariotoni, Carlos Alberto [Universidade Estadual de Campinas, SP (Brazil). Faculdade de Engenharia Mecanica]. E-mail: cam@fec.unicamp.br; Mauad, Frederico Fabio [Sao Paulo Univ., Sao Carlos, SP (Brazil). Escola de Engenharia. Dept. de Hidraulica e Saneamento

2000-07-01

Both the Brazilian and the Portuguese energy systems have been subject of several transformations along the last years. That happened mainly because the re-definition of the electric sectors what makes possible the flexibility of the energy commercialization. There is another important point to be mentioned what is related to the end of the market monopoly before established by ELETROBRAS - Brazilian Electricity Generation Board and by EDP - Electricity of Portugal, determining a new relationship among the energy produces and consumers. A free market law to the energy sellers and buyers has been introduced. Therefore the businessman have been stimulated to invest in new energy sources and new energy power plants to get bigger profits as well as the consumers have been pushed to fight for lower prices and better qualities. Both the Brazilian and Portuguese Governments must keep the decision power to establish the national energy plans to get the country economic targets and to avoid the economic abuses and cartelization. The discussion presented aims to analyze the importance of the small hydroelectric power plants in both the Brazilian and the Portuguese electric systems considering the economic aspects and the social and environmental impacts. The recent modifications established by both national agencies of energy regulations: ANEEL (Brazil) - National Agency of Electric Power Companies and INAG (Portugal) - National Institute of Water, have been discussed in this paper. (author)

77 FR 56241 - Notice of Withdrawal of Final Design Approval; Westinghouse Electric Company; Advanced Passive 1000

Science.gov (United States)

2012-09-12

... NUCLEAR REGULATORY COMMISSION [NRC-2010-0131] Notice of Withdrawal of Final Design Approval; Westinghouse Electric Company; Advanced Passive 1000 By letter dated December 10, 2010, Westinghouse Electric... final design approval (FDA) for the Advanced Passive 1000 (AP1000) design upon the completion of...

76 FR 77022 - In the Matter of Carolina Power & Light Company, H.B. Robinson Steam Electric Plant, Unit No. 2...

Science.gov (United States)

2011-12-09

... and 72-3] In the Matter of Carolina Power & Light Company, H.B. Robinson Steam Electric Plant, Unit No. 2, H. B. Robinson Steam Electric Plant, Unit 2, Independent Spent Fuel Storage Installation; Order Approving Indirect Transfer of Control of Licenses I. Carolina Power & Light Company (CP&L, the licensee) is...

Corporate governance and compensation of chief executive officer Brazilian

Directory of Open Access Journals (Sweden)

Paulo Roberto da Cunha

2016-08-01

Full Text Available This study aimed to analyze the corporate governance attributes that affect the compensation of executive directors of Brazilian public companies. We conducted a descriptive, documentary and quantitative research. The study sample comprised the 100 Brazilian companies listed on the BM&FBovespa, belonging to the Novo Mercado. From the study results it was found that the variable size of the company showed a significant relation to the fixed remuneration. The shareholding of directors, board size and ROA were significant to the variable remuneration, however, the stake and the size of negatively board of directors. The size of the board, the ROA and firm size were related significantly to the total remuneration. We conclude that the corporate governance attributes that affect the compensation of executive officers of the companies analyzed were the shareholdings of directors, size of the board, ROA and firm size.

Competitiveness of wood pulp production in different Brazilian states

Directory of Open Access Journals (Sweden)

Naisy Silva Soares

2013-06-01

Full Text Available This work aimed to analyze the competitiveness of wood pulp production in different Brazilian states, in May, 2008 (Minas Gerais, São Paulo, Espírito Santo and Bahia, using the Policy Analysis Matrix (PAM. The results obtained indicated that the private and social profitability of wood pulp production and commercialization was positive and greater in Bahia. The Brazilian companies were penalized by public policies adopted for the sector; the wood pulp production in São Paulo and Bahia were more competitive and less exposed to the negative effects of public policies that reduce the national company profits.

Hybrid multidimensional design for heterogeneous data supported by ontological analysis: an application case in the Brazilian electric system operation

NARCIS (Netherlands)

Moreira, João; Cordeiro, Kelli; Campos, Maria Luiza M.; Borges, Marcos

2015-01-01

An issue in operating a national electric system is how the corporate image of an Independent System Operator (ISO) can be impacted by disturbances in the system and their related news publications from specialized press. To deal with it, a solution was developed in the context of the Brazilian

The development of multimedia communication system for electric power company

Energy Technology Data Exchange (ETDEWEB)

Woo, Hee Gon; Kim, Seong Bok [Korea Electric Power Corp. (KEPCO), Taejon (Korea, Republic of). Research Center

1995-12-31

It is a final report of the research project that is a development of PC-LAN based multimedia desktop conference system, which is research on the essential technologies and application and development of multimedia communication services for electric power company. This report is consisted of -Survey and study of the multimedia related technologies, -Multimedia communication protocols and network configurations, and -Design, developments of pilot model, evaluation, and applications of multimedia conference system. (author). 112 refs., 250 figs.

The development of multimedia communication system for electric power company

Energy Technology Data Exchange (ETDEWEB)

Woo, Hee Gon; Kim, Seong Bok [Korea Electric Power Corp. (KEPCO), Taejon (Korea, Republic of). Research Center

1996-12-31

It is a final report of the research project that is a development of PC-LAN based multimedia desktop conference system, which is research on the essential technologies and application and development of multimedia communication services for electric power company. This report is consisted of -Survey and study of the multimedia related technologies, -Multimedia communication protocols and network configurations, and -Design, developments of pilot model, evaluation, and applications of multimedia conference system. (author). 112 refs., 250 figs.

76 FR 66333 - Carolina Power & Light Company, H.B. Robinson Steam Electric Plant, Unit No. 2; Environmental...

Science.gov (United States)

2011-10-26

... NUCLEAR REGULATORY COMMISSION [Docket No. 50-261; NRC-2011-0247] Carolina Power & Light Company, H.B. Robinson Steam Electric Plant, Unit No. 2; Environmental Assessment and Finding of No Significant... Facility Operating License No. DPR-23, issued to Carolina Power & Light Company (the licensee), for...

Green marketing in the Massachusetts electric company retail competition pilot program

Energy Technology Data Exchange (ETDEWEB)

Rothstein, S.M.; Fang, J.M.

1997-10-01

With electric industry restructuring initiatives being introduced on the state and federal levels, retail access pilot programs serve an important function for examining competitive market issues, as well as marketing strategies and customer reactions to different power supply options. The experience gained through these pilots provides important insights into future power market operations, including the market for green power. The Massachusetts Electric Company`s (MECo`s) Choice: New England pilot for residential and small-business customers was a voluntary program developed primarily to test the billing and metering logistics that distribution companies will need in the competitive market. The pilot also offered a preview of program implementation and marketing under customer choice. It was the first retail competition pilot to explicitly include green power options in program design. The MECo pilot`s energy suppliers were selected through the issuance of a request for proposals (RFP). Respondents were asked to submit bids in one or more of three energy supply categories-price, green, and other options. These options were developed by the pilot administrator through internal meetings, discussions with state officials and other stakeholders, and a review of information from other similar pilots. For the green option, the pilot administrator did not establish a green standard. Instead, suppliers were allowed to submit offers that promoted environmental stewardship. Customer response to the different green options are reported. The pilot results clearly demonstrate that, in a competitive situation, there is interest in a variety of energy supply options, including green options. 2 tabs.

L'Anse Warden Electric Company Boiler Number One Emission Test Report – March 2017

Science.gov (United States)

L’Anse Warden Electric Company (LWEC) submitted results from an emission test on the Boiler No. 1 stack. Stack air emission testing was conducted in March 2017, and the report became available in June 2017

L'Anse Warden Electric Company Boiler Number One Emission Test Report – December 2016

Science.gov (United States)

L’Anse Warden Electric Company (LWEC) submitted results from an emission test on the Boiler No. 1 stack. Stack air emission testing was conducted in December 2016, and the report became available in January 2017

L'Anse Warden Electric Company Boiler Number One Emission Test Report – July 2016

Science.gov (United States)

L’Anse Warden Electric Company (LWEC) submitted results from an emission test on the Boiler No. 1 stack. Stack air emission testing was conducted in July 2016, and the report became available in August 2016.

L'Anse Warden Electric Company Boiler Number One Emission Test Report – June 2017

Science.gov (United States)

L’Anse Warden Electric Company (LWEC) submitted results from an emission test on the Boiler No. 1 stack. Stack air emission testing was conducted in March 2017, and the report became available in June 2017

The insertion perspective of electric power independent producer in the Brazilian electric power sector; A perspectiva da insercao do produtor independente de energia eletrica no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Borelli, Alessio Bento; Bermann, Celio [Sao Paulo Univ., SP (Brazil). Programa Interunidades de Pos-Graduacao em Energia]. E-mail: mborelli@netpoint.com.br; cbermann@iee.usp.br

1999-07-01

The central issue of debate was the need to align the energy sector's options and organization with changing global patterns of economic and social development, characterized by the increasing role played by the private sector, greater integration in the world economy, and new economic and social priorities such as efficiency, decentralization, deregulation, and a closer attention to environmental issues. The aim of this work is to evaluate the electric power independent producer participation in Brazilian electric power sector.

From health plan companies to international insurance companies: changes in the accumulation regime and repercussions on the healthcare system in Brazil

Directory of Open Access Journals (Sweden)

Ligia Bahia

Full Text Available Abstract: The concentration and internationalization of health plan companies in Brazil gave them a clearly financial face. Based on the need to understand the health care industry's capital accumulation patterns, the current study examines health plan companies' expansion strategies through the classification of their supply and demand characteristics by recent historical periods and an analysis of recent shareholding trends in one of the leading corporations in the Brazilian health care industry. The 1960s to 2000s witnessed changes in the scale of demands for health plans and adherence by companies to long-term accumulation strategies. Beginning in the early 21st century, changes in the shareholding structures of the largest Brazilian company, consistent with the financialization of its accumulation regime, resulted in the rapid multiplication of its capital. Deepening segmentation of the health care system in a context marked by the downturn in the national economy challenges the preservation of public subsidies for private health plans.

Barriers to electricity load shift in companies: A survey-based exploration of the end-user perspective

International Nuclear Information System (INIS)

Olsthoorn, Mark; Schleich, Joachim; Klobasa, Marian

2015-01-01

As countries move toward larger shares of renewable electricity, the slow diffusion of active electricity load management should concern energy policy makers and users alike. Active load management can increase capacity factors and thereby reduce the need for new capacity, improve reliability, and lower electricity prices. This paper conceptually and empirically explores barriers to load shift in industry from an end-user perspective. An online survey, based on a taxonomy of barriers developed in the realm of energy efficiency, was carried out among manufacturing sites in mostly Southern Germany. Findings suggest that the most important barriers are risk of disruption of operations, impact on product quality, and uncertainty about cost savings. Of little concern are access to capital, lack of employee skills, and data security. Statistical tests suggest that companies for which electricity has higher strategic value rate financial and regulatory risk higher than smaller ones. Companies with a continuous production process report lower barrier scores than companies using batch or just-in-time production. A principal component analysis clusters the barriers and multivariate analysis with the factor scores confirms the prominence of technical risk as a barrier to load shift. The results provide guidance for policy making and future empirical studies. - Highlights: • We quantitatively assess barriers to load shift adoption among manufacturing firms. • Conceptually, we build on the literature on barriers to energy efficiency. • The most important barriers are interference with production and with product quality. • Companies with a continuous production process report lower barrier scores. • The barriers to load shift may be organized in distinct clusters via principal component analysis

Effectiveness of business strategies in Brazilian textile industry

OpenAIRE

Batista, Paulo César de Sousa; Lisboa, João Veríssimo de Oliveira; Augusto, Mário Gomes; Almeida, Fátima Evaneide Barbosa de

2016-01-01

ABSTRACT This research analyses how the interaction between strategy capabilities, strategy types, strategy formulation quality and implementation capability affect organizational performance in Brazilian textiles companies. This article proposes and tests a conceptual framework, using a structural equation modeling of a set of 211 valid questionnaires on Brazilian textiles firms. The results support links between focus strategy and marketing capabilities, and between cost leadership strategy...

Biological Assets in Companies in Brazil: Pursuant To CPC 29 and Association with Business Features

Directory of Open Access Journals (Sweden)

Vinicius Martins Macedo

2015-12-01

Full Text Available The adoption of international accounting standards in Brazil has brought about changes in the form of recognition, measurement and disclosure of economic facts of companies. In order to harmonize the accounting standards with the international standard-setting bodies Brazilian approved CPC 29, which establishes the accounting treatment and disclosure of biological assets and agricultural products. The objective of this study was to verify the Brazilian companies with biological assets the level of compliance with the CPC 29 and its association with business features. The study adopted the descriptive approach and examined the consolidated Financial Statements for the year 2013 of Brazilian public companies. In total 19 companies were analyzed showed that biological assets in 2013. The survey results show that the average compliance of companies with CPC 29 is 74.68%. Regarding the statistical analysis, it was observed that the level of compliance of companies have associations with business characteristics such as sector, governance, size, profitability and representativeness of the asset and the company's size has significant interaction with the level of accordingly. Compared to previous studies it was found that there was a significant increase in company compliance level with CPC 29 over time

Efficiency and regulation of the Slovenian electricity distribution companies

International Nuclear Information System (INIS)

Filippini, Massimo; Hrovatin, Nevenka; Zoric, Jelena

2004-01-01

The Slovenian Energy Law, adopted in 1999, has opened the internal market to competition up to 64% of the final consumption. The opening of the internal market to foreign competition is envisaged for 2003. With regard to the methodology of price regulation, the Energy Law introduces the 'price-cap' regulation, which aims to give firms incentive for cost reduction. To provide information for effective price regulation, we estimated a cost frontier function on a sample of Slovenian electricity distribution utilities over the 1991-2000 period. The estimated efficient frontier could be used by Slovenian regulatory agency as a benchmark to regulate network access prices. Our results show that Slovenian distribution companies are cost inefficient. We have also proved the presence of increasing returns to scale with most utilities not achieving the minimum efficient scale. Thus, the Slovenian regulatory authority should consider how to induce mergers of small electricity distribution utilities into larger units

New model of Brazilian electric sector: implications of sugarcane bagasse on the distributed generation process

Energy Technology Data Exchange (ETDEWEB)

Oliveira, Celso E.L. de; Rabi, Jose A. [Universidade de Sao Paulo (GREEN/FZEA/USP), Pirassununga, SP (Brazil). Fac. de Zootecnia e Engenharia de Alimentos. Grupo de Pesquisa em Reciclagem, Eficiencia Energetica e Simulacao Numerica], Emails: celsooli@usp.br, jrabi@usp.br; Halmeman, Maria Cristina [Universidade Estadual Paulista (FCA/UNESP), Botucatu, SP (Brazil). Fac. de Ciencias Agronomicas

2008-07-01

Distributed generation has become an alternative for the lack of resources to large energy projects and for recent facts that have changed the geopolitical panorama. The later have increased oil prices so that unconventional sources have become more and more feasible, which is an issue usually discussed in Europe and in USA. Brazil has followed such world trend by restructuring the electrical sector as well as major related institutions, from generation to commercialization and sector regulation while local legislation has enabled the increase of distributed generation. It regulates the role of the independent energy producer so as to provide direct business between the later and a great consumer, which is an essential step to enlarge energy market. Sugarcane bagasse has been used to produce both electric energy and steam and this paper analyzes and discusses the major implications of a new model for Brazilian electric sector based on sugarcane bagasse use as means to increase distributed generation process, particularly concerned with the commercialization of energy excess. (author)

Strategic planning and controlling model for electricity distribution concessionaires in Brazil; Modelo de planejamento estrategico e de controle de gestao para as empresas distribuidoras de energia eletrica no Brasil

Energy Technology Data Exchange (ETDEWEB)

Margueron, Marcus Vinicius Lourenco

2008-02-15

Corporate strategies of agents operating in the electric power sector must be constantly aligned with current regulatory structure. This thesis presents an innovative study, which allows the definition of strategies for distributors located in the partially deregulated Brazilian electric power sector, in which the coexistence of regulation and competition results in business environments where competitive threats and cooperation opportunities must be very well managed. It concludes that the best competitive strategy for Brazilian distributors should be cost leadership aiming at encouraging fidelity of the three complementary agents able to freely circulate between both different environments of electric power contracting in Brazil - regulated contracting environment and free contracting environment. These three complementary agents are potentially free consumers, power producers and technology companies. (author)

Commercial statistical bulletin of the Brazilian electric utility Centrais Eletricas de Santa Catarina S.A; Boletim estatistico comercial da CELESC: Centrais Eletricas de Santa Catarina S.A

Energy Technology Data Exchange (ETDEWEB)

NONE

1996-04-01

Statistical data concerning the Brazilian Centrais Eletricas de Santa Catarina S.A. utility relative to April 1996 are presented. They include, among other things, electricity consumption, number and class of consumers and electricity rates 6 figs., 50 tabs.

76 FR 68634 - Airworthiness Directives; General Electric Company (GE) CF6 Turbofan Engines

Science.gov (United States)

2011-11-07

... Airworthiness Directives; General Electric Company (GE) CF6 Turbofan Engines AGENCY: Federal Aviation... ``(c) This AD applies to * * * and CF6-80A3 turbofan engines with left-hand links * * *.'' to ``(c) This AD applies to * * * and CF6-80A3 turbofan engines, including engines marked on the engine data...

Measuring efficiency and productivity change in power electric generation management companies by using data envelopment analysis: A case study

International Nuclear Information System (INIS)

Fallahi, Alireza; Ebrahimi, Reza; Ghaderi, S.F.

2011-01-01

This paper provides an empirical analysis of the determinants of energy efficiency in 32 power electric generation management companies over the period 2005–2009. The study uses non-parametric Data Envelopment Analysis (DEA) to estimate the relative technical efficiency and productivity change of these companies. In order to verify the stability of our DEA model and the importance of each input variable, a stability test is also conducted. The results of the study indicate that average technical efficiency of companies decreased during the study period. Nearly half of the companies (14) are below this average level of 88.7% for five years. Moreover, it is shown that the low increase of productivity changes is more related to low efficiency rather than technology changes. -- Highlights: ► DEA was applied on the 32 power electric generation management companies. ► A stability test is applied to verify the stability of DEA model. ► Average technical efficiency of companies decreased during the study period. ► The low increase of productivity changes is more related to low efficiency changes.

75 FR 82414 - Carolina Power & Light Company; H. B. Robinson Steam Electric Plant, Unit No. 2; Exemption

Science.gov (United States)

2010-12-30

... NUCLEAR REGULATORY COMMISSION [Docket No. 50-261; NRC-2010-0062] Carolina Power & Light Company; H. B. Robinson Steam Electric Plant, Unit No. 2; Exemption 1.0 Background Carolina Power & Light... authorizes operation of the H.B. Robinson Steam Electric Plant, Unit 2 (HBRSEP). The license provides, among...

75 FR 11579 - Carolina Power & Light Company H. B. Robinson Steam Electric Plant, Unit No. 2; Exemption

Science.gov (United States)

2010-03-11

... NUCLEAR REGULATORY COMMISSION [Docket No. 50-261; NRC-2010-0062] Carolina Power & Light Company H. B. Robinson Steam Electric Plant, Unit No. 2; Exemption 1.0 Background Carolina Power & Light... of the H. B. Robinson Steam Electric Plant, Unit 2 (HBRSEP). The license provides, among other things...

Independent operation by subsystems: Strategic behavior for the Brazilian electricity sector

International Nuclear Information System (INIS)

Guido Tapia Carpio, Lucio; Olimpio Pereira, Amaro

2006-01-01

This article describes the competitive strategies of the subsystems in the Brazilian electricity sector. The objective is to present a model in which the operation of each subsystem is managed independently. As the subsystems correspond to the country's geographic regions, the adoption of this model creates conditions for each region to develop according to its own peculiarities. The decision-making process is described based Game Theory. As such, the players or operators of each subsystem carry out their strategies based on the quantities produced, which results in Nash-Cournot equilibrium. In this model, the importance of the proper transmission line dimensioning is highlighted. It determines the competition level among subsystems and allows for optimization of the whole system without requiring arrangements for managing the congestion of the energy transportation grid. The model was programmed in FORTRAN, using IBM's optimization subroutine library (OSL) package

Organization and development of the Brazilian nuclear program

International Nuclear Information System (INIS)

Pinto, C. Syllus M.; Alves, R. Nazare; Lepecki, W.; Costa, H.M. da; Grinberg, M.; Grimberg, M.

1977-01-01

The paper presents the Brazilian Nuclear Energy Program: its development until the present stage, as well as the organizations and the distribution of responsibilities involved in its execution at the present time. The nuclear power policy is established at the Presidency of the Republic and is planned, executed and controlled through the Ministry of Mines and Energy. Directly subject to the Ministry is the Brazilian Nuclear Energy Commission (CNEN), which has regulatory, standardization, licensing, planning and surveillance functions. The nuclear fundamental research and manpower formation are also under CNEN responsibility. Also subject to the Ministry are two companies responsible for the execution of the Programme: the Centrais Eletricas Brasileiras S.A. - ELETROBRAS, which advises on the granting of permits for the construction and operation of nuclear power plants, and the Empresas Nucleares Brasileiras S.A. - NUCLEBRAS, which holds the monopoly of the nuclear fuel cycle in the country, designs and builds nuclear power plants and provides assistance to the electric utilities as well as promotes the participation of the Brazilian industry in the nuclear field. Besides describing the new distribution of regulatory functions given by law to the CNEN, this paper gives special emphasis to the large industrial complex which is in the process of being established with the setting-up of the many NUCLEBRAS subsidiaries in joint-venture with German firms in the nuclear field, as a consequence of the Industrial Cooperation between Brazil and the Federal Republic of Germany in the Field of the Peaceful Uses of Nuclear Energy signed between the two countries on June 27, 1975. The programs for these subsidiaries are presented and their participation in the Brazilian Nuclear Energy Programme is discussed. The technology transfer aspects of the industrial activities are also discussed, based on the Government's policy on the subject [es

RETRAN experience with BWR transients at Yankee Atomic Electric Company

International Nuclear Information System (INIS)

Ansari, A.A.F.; Cronin, J.T.; Slifer, B.C.

1981-01-01

Yankee Atomic Electric Company is actively involved in the development of licensing methods for BWR's. The computer code chosen for analyzing system response under transient conditions is RETRAN. This paper describes the RETRAN model developed for Vermont Yankee, and the results of the RETRAN checkout and qualification that has been achieved at YAEC through comparison of RETRAN predictions to the startup test results performed at the plant as part of the 100% power startup test program. In addition, abnormal operational transients typically analyzed for licensing are also presented

Tampa electric company - IGCC project. Quarterly report, January 1, 1996--March 31, 1996

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-02-01

This quarterly report consists of materials presented at a recent review of the project. The project is an IGCC project being conducted by Tampa Electric Company. The report describes the status of the facility construction, components, operations staff training, and discusses aspects of the project which may impact the final scheduled completion.

POSSIBILITIES OF APPLYING THE DEA METHOD IN THE ASSESSMENT OF EFFICIENCY OF COMPANIES IN THE ELECTRIC POWER INDUSTRY: REVIEW OF WIND ENERGY COMPANIES

Directory of Open Access Journals (Sweden)

Dario Maradin

2014-07-01

Full Text Available One of the fundamental tasks of modern power system is finding ways to produce stable and continuous electricity from scarce energy resources. One of the possible solutions is introduction, implementation and improvement of alternative forms of energy such as renewable energy sources, particularly wind energy as an increasingly important energy source which is expected to further increase its share in total electricity production. Numerous methods can be used in assessing the efficiency of wind energy companies, and in the focus of this research is the Data Envelopment Analysis method (DEA, a widely accepted methodology given its interdisciplinary approach and flexibility. This method represents a step forward in the field of renewable energy management, because it provides the possibility to compare the selected companies with the best in the industry (the most efficient and the possibility of determining sources of inefficiency and, consequently, the possibilities of their elimination.

The Brazilian Business World: the difficult adaptation to globalization

OpenAIRE

Arraes,Virgílio Caixeta

2010-01-01

The article deals with the internationalization of Brazilian businesses in the current decade. In the 1990s, Brazil embraced economic neoliberalism and promoted a huge opening up of its economy. At that time, Brazilian companies had to adapt rapidly. Twenty years later, the country has reinforced its presence in Latin America and has ensured a better position in the global markets, especially by through agricultural exports.

International HR Strategy of Brazilian Technology Multinationals

Directory of Open Access Journals (Sweden)

Patricia Morilha Muritiba

2010-10-01

Full Text Available Four cases of Brazilian Multinationals from the information technology [IT] sector were compared in their international Human Resources strategy. The analysis is focused on the development and application of two research models. One analyzes the level of subsidiary autonomy in terms of strategic HR decisions, including difficult decisions regarding coordination in multinationals, following the theoretical approach of the autonomy of subsidiaries (Kidger, 2002; Nohria & Ghoshal, 1997. The other is related to the level of internationalization of HR strategies, defined as the capacity to take advantage of globalization, providing the best resources for the company regardless of where they are located (Sparrow, 2007. Both models were applied in a multiple case study method (Eisenhardt, 1989. Data were collected through semi-structured interviews and company reports, and analyzed through content analysis. The results show: (a a more centralizing characteristic of the multinational companies examined, despite the limitations of this choice as shown by the literature; and (b that Brazilian IT multinationals tend to rely more on their national competencies when managing human resources instead of going global to aggregate differentiated competencies.

An agent-based simulation of power generation company behavior in electricity markets under different market-clearing mechanisms

International Nuclear Information System (INIS)

Aliabadi, Danial Esmaeili; Kaya, Murat; Şahin, Güvenç

2017-01-01

Deregulated electricity markets are expected to provide affordable electricity for consumers through promoting competition. Yet, the results do not always fulfill the expectations. The regulator's market-clearing mechanism is a strategic choice that may affect the level of competition in the market. We conceive of the market-clearing mechanism as composed of two components: pricing rules and rationing policies. We investigate the strategic behavior of power generation companies under different market-clearing mechanisms using an agent-based simulation model which integrates a game-theoretical understanding of the auction mechanism in the electricity market and generation companies' learning mechanism. Results of our simulation experiments are presented using various case studies representing different market settings. The market in simulations is observed to converge to a Nash equilibrium of the stage game or to a similar state under most parameter combinations. Compared to pay-as-bid pricing, bid prices are closer to marginal costs on average under uniform pricing while GenCos' total profit is also higher. The random rationing policy of the ISO turns out to be more successful in achieving lower bid prices and lower GenCo profits. In minimizing GenCos' total profit, a combination of pay-as-bid pricing rule and random rationing policy is observed to be the most promising. - Highlights: • An agent-based simulation of generation company behavior in electricity markets is developed. • Learning dynamics of companies is modeled with an extended Q-learning algorithm. • Different market clearing mechanisms of the regulator are compared. • Convergence to Nash equilibria is analyzed under different cases. • The level of competition in the market is studied.

The Brazilian electric power industry restructuring: an evaluation of the competition through the contestable market theory

International Nuclear Information System (INIS)

Vinhaes, Elbia; Santana, Edvaldo de

1999-01-01

The central issue of debate was the need to align the energy sector's options and organization with changing global patterns of economic and social development, characterized by the increasing role played by the private sector, greater integration in the world economy, and new economic and social priorities such as efficiency, decentralization, deregulation, and a closer attention to environmental issues. The aim of the work is to evaluate the competition in the Brazilian electric power industry through the Contestable Market Theory proposed by Baumol

Training Needs Assessment of Technical Skills in Managers of Tehran Electricity Distribution Company

Science.gov (United States)

Koohi, Amir Hasan; Ghandali, Fatemeh; Dehghan, Hasan; Ghandali, Najme

2016-01-01

Current dissertation has been conducted in order to investigate and detect training needs of the mangers (top and middle) in Tehran Electricity Distribution Company. Research method is applied kind based on its purpose. Due to data collection method, this query is descriptive-survey type. Statistical population in this study is all of managers in…

Project of law modified by the Senate relative to the electric and gas public utilities and to the electric and gas companies

International Nuclear Information System (INIS)

2004-07-01

This project of law aims to adapt the electricity and gas sector to the new economical context of opening of the energy markets to competition. It gives to energy companies the internal organization base necessary to warrant a high level of service and a transparent and non-discriminatory access of third parties to transport and distribution networks. These evolutions will allow Electricite de France (EdF) and Gaz de France (GdF) companies to compete on equal terms with their European competitors. It confirms first the prime role of public utility of both companies and then transposes the dispositions of the European directives relative to the organization of EdF and GdF integrated companies. It foresees the creation of two daughter companies for the management of energy transport activities. The project of law foresees also the change of the status of EdF and GdF companies and the reform of the retirement pensions of the personnel. This report presents the modifications added by the Senate to the text of law adopted at first reading by the House of Commons. (J.S.)

Attitudes of the general public and electric power company employees toward nuclear power generation

International Nuclear Information System (INIS)

Komiyama, Hisashi

1997-01-01

We conducted an awareness survey targeted at members of the general public residing in urban areas and in areas scheduled for construction of nuclear power plants as well as employees of electric power company in order to determine the awareness and attitude structures of people residing near scheduled construction sites of nuclear power plants with respect to nuclear power generation, and to examine ways of making improvements in terms of promoting nuclear power plant construction sites. Analysis of those results revealed that there are no significant differences in the awareness and attitudes of people residing in urban areas and in areas near scheduled construction sites. On the contrary, a general sense of apprehension regarding the construction of nuclear power plants was observed common to both groups. In addition, significant differences in awareness and attitudes with respect to various factors were determined to exist between members of the general public residing in urban areas and scheduled construction sites and employees of electric power company. (author)

Managing electricity procurement cost and risk by a local distribution company

International Nuclear Information System (INIS)

Woo, C.-K.; Karimov, R.I.; Horowitz, Ira

2004-01-01

A local electricity distribution company (LDC) can satisfy some of its future electricity requirements through self-generation and volatile spot markets, and the remainder through fixed-price forward contracts that will reduce its exposure to the inherent risk of spot-price volatility. A theoretical framework is developed for determining the forward-contract purchase that minimizes the LDCs expected procurement cost, subject to a cost-exposure constraint. The answers to the questions of 'What to buy?' and 'How to buy?' are illustrated using an example of a hypothetical LDC that is based on a municipal utility in Florida. It is shown that the LDCs procurement decision is consistent with least-cost procurement subject to a cost-exposure constraint, and that an internet-based multi-round auction can produce competitive price quotes for its desired forward purchase

Chapter 3. The economical power of the company

International Nuclear Information System (INIS)

1998-01-01

In the third chapter of this CD ROM the economic power of the Slovak Electric, Plc. (Slovenske elektrarne, a.s.), is presented. It consist of next paragraphs (1) Property of Slovak Electric, Plc, the company; (2) Position of the Company; (3) Business performance of the Company (Economic results, Installed capacity, Generation of electricity and heat; Electricity trade, Distribution of electricity and heat trade are reviewed); (4) Shareholdings in other companies and international co-operation

The relevance of thermoelectricity for the development of the Brazilian natural gas industry; A importancia da termoeletricidade para o desenvolvimento da industria de gas natural no Brasil

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico]. E-mail: canelas@ppe.ufrj.br

2004-07-01

The aim of this paper is to analyse the capacity of the 'inflexible production', by state-owned Brazilian company PETROBRAS at its natural gas-based thermo-electrical generation stations, to promote in a increase in the use of the Brazil- Bolivia Gaspipe (Gasbol), which is the natural gas transport pipe related to 90,66% of the Brazilian natural gas imports. As the contract is a 'take or pay' contract, Brazil ends up paying for such a large volume of gas that the country does not effectively consume, since the consume of natural gas in Brazil has not come to the expectations which were prevailing when the import contract was signed. Last but not least, this article addresses the future possibilities for the increase of the share of natural gas in the total Brazilian energy consumption. (author)

Did a local distribution company procure prudently during the California electricity crisis?

International Nuclear Information System (INIS)

Woo, C.-K.; Lloyd, Debra; Clayton, William

2006-01-01

To manage cost risk, prudent procurement of electric power requires that some portion of a buyer's energy demand be met through long-term contracting. Under cost-of-service regulation or performance-based regulation, a local distribution company (LDC) should be allowed to fully recover all prudently incurred power procurement costs. However, the regulatory test of prudence is an ex post review with the threat of disallowance. This paper presents an economic analysis of procurement prudence involving a small LDC, Bear Valley Electric Service (BVES), which serves a resort area in Southern California. The key findings are: (a) high and volatile prices and rolling blackouts characterized the market environment faced by the owner of BVES, Southern California Water Company (SCWC), at its signing of a 5-year fixed price contract; (b) SCWC was a price-taker with no incentive to act imprudently; (c) the contract was obtained via a competitive bidding process; (d) the contract price was comparable to the benchmark price of contemporaneous contracts; (e) the fixed price contract was economic when compared to available alternatives; and (f) despite (a)-(e), a negotiated settlement with the state regulator and a large user resulted in substantial disallowance. The policy implication is that a regulator should approve a prudent procurement plan proposed by an LDC to remove the unreasonable risk of an ex post review. If the LDC strictly adheres to the plan, the resulting electricity purchases are per se prudent and should entitle the LDC to full cost recovery

Investment Cost Model in Business Process Intelligence in Banking And Electricity Company

Directory of Open Access Journals (Sweden)

Arta Moro Sundjaja

2016-06-01

Full Text Available Higher demand from the top management in measuring business process performance causes the incremental implementation of BPM and BI in the enterprise. The problem faced by top managements is how to integrate their data from all system used to support the business and process the data become information that able to support the decision-making processes. Our literature review elaborates several implementations of BPI on companies in Australia and Germany, challenges faced by organizations in developing BPI solution in their organizations and some cost model to calculate the investment of BPI solutions. This paper shows the success in BPI application of banks and assurance companies in German and electricity work in Australia aims to give a vision about the importance of BPI application. Many challenges in BPI application of companies in German and Australia, BPI solution, and data warehouse design development have been discussed to add insight in future BPI development. And the last is an explanation about how to analyze cost associated with BPI solution investment.

Development of a record retention and retrieval system for the Baltimore Gas and Electric Company

International Nuclear Information System (INIS)

Hoffman, H.L.

1976-01-01

The records associated with the design and construction of a nuclear power plant have increased in both volume and complexity. Baltimore Gas and Electric Company chose to retain and make available these records by using microfilm and a computer-generated index system. The technique of filming, data assembly, and controlled distribution of this material to various locations within the Company was developed and implemented. The index system has been designed to locate information and to provide a basis for searches of the data base for special information

Preparing Canada`s power systems for transition to the Year 2000: Y2K readiness assessment results for Canadian electric utility companies: second quarter 1999

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-08-25

The report describes the state of readiness of Canadian electric utility companies with respect to the Year 2000 computer challenge. It complements the North American Electric Reliability Council Report entitled `Preparing the Electric Power Systems of North America for Transition to the Year 2000: A Status and Work Plan.` Two surveys were employed to gather information for this report. The first, a detailed survey prepared by NERC, was forwarded to all major electric utilities that comprise the Bulk Electricity System in North America. CEA has removed the Canadian findings from the overall North American results, and has presented those findings in this report. The second was a shorter, more simplified study, conducted by CEA and Natural Resources Canada. Whereas small companies involved only in the distribution aspect of the electricity business were not asked to complete the NERC assessment, all Canadian electric utility companies were part of the shorter survey. Chapter 2 covers specifically the readiness status and project management for non-nuclear generation, nuclear generation, energy management systems, telecommunications systems, substation controls, system protection and distribution systems, business information systems, and small distribution companies.

How the largest electric and gas utility companies administer public relations

Energy Technology Data Exchange (ETDEWEB)

Bogart, J.D.

1979-04-12

This article describes the findings of a survey conducted by the author in the second half of 1978 to determine the sizes of the public relations staffs of the nation's largest operating electric and gas utilities, their budgets, organizational differences, and specific functions. Common public relations issues and major public relations problems of the utilities are identified, as well as recent trends or changes in budgeting and organization. Some functional variations of public relations departments among utility companies were detected and described.

Handling of Environmental Related Requirements : Awareness and Ability to Act at Small and Medium Sized Electric and Electronic Companies

OpenAIRE

Lin, Han-Hsuan

2008-01-01

Environmental related product requirements are increasing worldwide from government authorities, customers and other stakeholders. For small and medium sized companies manufacturing electric and electronic products it is more difficult compared to bigger companies to meet new product related requirements due to smaller budget, resources and knowledge. This research studies the awareness and ability to act upon changes when small and medium sized companies in Sweden face environmental related ...

Brazilian energy statistics - 1988. Annual bulletin of the Brazilian National Committee of the World Energy Conference

International Nuclear Information System (INIS)

1988-01-01

This bulletin deals with the primary sources that carry most weight in the Brazilian energy balance: hydraulic energy, petroleum, natural gas and coal. It contains data on ethyl alcohol derived from sugar cane and some information about the Brazilian Action Plan for the petroleum sector, nuclear energy, ecology and Chernobyl. Graphs, annual statistics and long range data of electric power, petroleum and derivates, natural gas, coal and alcohol are also included. 19 figs., 15 tabs

Corporate governance structure which is based in the S&OP process: Case study in la Brazilian cosmetic company

Directory of Open Access Journals (Sweden)

Ximena Rojas

2014-03-01

Full Text Available (Received: 2014/01/31 - Accepted: 2014/03/25This article is about the generation of a corporate governance structure which is based in the process S&OP for a Brazilian cosmetic industry. The increasing emphasis on business development guided by attention to the requirements and demands of customers, cause nowadays, that the organizations of the commercial sectors work in the creation of a competitive differential. The collaborative business management strategy S&OP is looking for the attention of people who are interested in the improvement of their skills; in order to achieve this differential. With the case study methodology, the objectives are to get knowledge, identify, and analyze the characteristics of the company using analysis tools like SWOT, process analysis, value chain. All with the purpose to get a robust management tool that fits with the requirements and demands of the organization. The analyzed results showed that the principles of collaboration and internal communication were the pillars necessary against any attempt of business development. This supports the proposal of a management structure based on the five step S&OP process. As a complement to this study a methodology CPFR was identified as the platform for an integrated work with the rest of the companies of the supply chain.

Managing electricity procurement cost and risk by a local distribution company

International Nuclear Information System (INIS)

Chikeung Woo; Karimov, R.I.; Horowitz, I.

2004-01-01

A local electricity distribution company (LDC) can satisfy some of its future electricity requirements through self-generation and volatile spot markets, and the remainder through fixed-price forward contracts that will reduce its exposure to the inherent risk of spot-price volatility. A theoretical framework is developed for determining the forward-contract purchase that minimizes the LDCs expected procurement cost, subject to a cost-exposure constraint. The answers to the questions of ''What to buy?'' and ''How to buy?'' are illustrated using an example of a hypothetical LDC that is based on a municipal utility in Florida. It is shown that the LDCs procurement decision is consistent with least-cost procurement subject to a cost-exposure constraint, and that an internet-based multi-round auction can produce competitive price quotes for its desired forward purchase. (author)

Environmental Disclosure of Electric Power Companies Listed in the Corporate Sustainability Index (CSI

Directory of Open Access Journals (Sweden)

Clésia Ana Gubiani

2012-12-01

Full Text Available The study aimed to verify the level of disclosure of environmental information in the administration reports of the energy companies listed in the Corporate Sustainability Index (CSI. A descriptive and quantitative research was done, using the content analysis technique on the administration reports from 2006 to 2008. The sample consisted of 11 electric power companies listed in the CSI. For quantitative analysis of the disclosure index, the data collection instrument was based on the study of Rover, Murcia and Borba (2008, which proposes eight environmental categories and 36 subcategories. For the whole analysis of the data were elaborated networks of the items disclosed in each company, using the software UNICET ®. The survey results showed that there is satisfactory disclosure in the categories of environmental policies and education, training and research environment. However, it was found that there is need for greater disclosure of categories of products impacts and processes in the environment, power polices and financial environmental information. It was concluded that the information disclosed in the administration reports of the companies surveyed about the environmental information do not respect the principle of full disclosure.

Eletronuclear's relationship with the Brazilian media: transparency and credibility

International Nuclear Information System (INIS)

Alvarez, Gloria

2013-01-01

In a capitalist economy the most valued assets are not money, shares or facilities, but credibility. Lack of money can ruin a company, but often it is reputation that delivers the final blow. It has become challenging to safeguard reputation in a world where Communication is increasingly connected and with such an intense and lightning fast flow of information. This is particularly true for the electricity sector - a commodity so prevalent in everyday modern life, but, whose business dealings, are hardly known by the general public. When it comes to nuclear energy, the challenge of establishing an effective Communication with transparency and credibility touches on even more complex elements. The topic of this paper is the scenario through which the Communication process, along with its characteristics and approaches, unfolds between the nuclear sector and the Brazilian media. (author)

The convergence of the natural gas industry and electric power industry: the Brazilian case; Convergencia entre a industria do gas natural e a industria de energia eletrica: o caso brasileiro

Energy Technology Data Exchange (ETDEWEB)

Almeida, Jose Ricardo Uchoa Cavalcanti [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE). Programa de Planejamento Energetico

2008-07-01

The main purpose of this paper is to analyze the convergence between power (electric sector) and natural gas industries in Brazil. It also shows how this convergence happens in the USA market and its applicability in the Brazilian market. At the end some conclusions and suggestions are presented to satisfy the Brazilian market, which behaves in a different way as the USA market, i.e. the Brazilian market does not follow seasonal pattern but an aleatory pattern in thermoelectric plants. (author)

The nuclear contribution to the solution of Brazilian energy problem

International Nuclear Information System (INIS)

1995-01-01

This report presents the justifying of Brazilian Nuclear Programme. Due to the demand increasing of electric energy in Brazil, the government decided to an alternative source. Although the brazilian electric power program continue basically hydroelectric, the nuclear power plants began to be constructed. The strategy adopted, the prospection of uranium enrichment, the project and construction of nuclear power plants, the responsibilities of Nuclebras and Nuclen and several stages of this program are described. (C.M.)

76 FR 28023 - Duke Energy Carolinas, LLC, South Carolina Electric & Gas Company; Notice of Meetings

Science.gov (United States)

2011-05-13

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 2232-522; Project No. 516-459] Duke Energy Carolinas, LLC, South Carolina Electric & Gas Company; Notice of Meetings On March 18, 2011, the National Marine Fisheries Service (NMFS) requested a meeting with Duke Energy Carolinas, LLC...

78 FR 56944 - Pacific Gas and Electric Company; Humboldt Bay Independent Spent Fuel Storage Installation

Science.gov (United States)

2013-09-16

... process waste at the Humboldt Bay ISFSI will not significantly affect the quality of the human environment... NUCLEAR REGULATORY COMMISSION [Docket No. 72-27; NRC-2011-0115] Pacific Gas and Electric Company; Humboldt Bay Independent Spent Fuel Storage Installation AGENCY: Nuclear Regulatory Commission. ACTION...

Study of brazilian franchises internationalization: challenges and barriers

Directory of Open Access Journals (Sweden)

Helena Loffredo da Rocha Leite

2014-06-01

Full Text Available The goal of this study was to analyze brazilian franchises internationalization through a case study, in order to identify the factors that influence internationalization, the adaptations of marketing strategies and main barriers and challenges of brazilian franchises internationalization. A qualitative exploratory research was developed through the case study method. The information was colected via observation and semi-structured interviews with managers in charge of international expansion of two companies. A comparative analysis between obtained data and the theoretical background was made. The results found showed that the studied companies expanded internationally due to external demands and the desire to explore new markets. Changes in marketing strategies were made in different degrees, and communication was the element that suffered greater changes. The main challenge of internationalization found, was to understand local culture and incorporate it into the company’s operations.

An FAHP-TOPSIS framework for analysis of the employee productivity in the Serbian electrical power companies

Directory of Open Access Journals (Sweden)

Snezana Pavle Knezevic

2017-09-01

Full Text Available The aim of this paper is to apply an integrated model, which combines methods of classical and fuzzy Multi-criteria decision making (MCDM in selected six large equity companies from the Serbian energy sector. The data considered are retrieved from the official financial statements. Four main criteria were analyzed, identified by the previous researchers and pointing to the employees productivity: Operating income/Number of employees, Equity/Number of employees, Net income/Number of employees and Total assets/Number of employees. The contribution of this paper lies in the application of a hybrid model that integrates two MCDM methods: Fuzzy Analytic Hierarchy Process (FAHP and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS to analyse the employee productivity in selected D-Electrical power supply companies operating in Serbia. The FAHP is an effective method for mathematical representation of uncertain and imprecise evaluations made by humans, while the TOPSIS method is an efficient way to rank the alternatives. Results show that operating income is of highest importance for estimating employee productivity and decision making, while equity is of the weakest. Furthermore, the most productive operations in large enterprises from selected companies of the sector D-Electrical power supply are found in the company PC EPS Beograd, and the lowest are in the ED Center llc Kragujevac.

The French Electricity Company (EDF) and the environment. Press file for 1996

International Nuclear Information System (INIS)

Bourdier, Jean-Pierre

1997-01-01

In 1996 the actions of EDF in the domain of environment have recorded FF 4 billions (FF 3.5 billion in 1995), representing about 2% of the EDF's turnover. The EDF keeps on its efforts for reducing the impact of its activities upon environment. Several applications of an environment protective electricity generation are promoted by the company. The company brings services and technical solutions to its clients which meet their energy needs and conserving at the same time the life conditions. Furthermore, EDF participates in the activity of numerous national and international organisms, intervening in the environmental questions, in decision making, participating in studies and actions and following continually the direction of a durable economic and social development. The report is structured in three chapters: 1. an industrial responsibility; 2. services and techniques for environment; 3. action towards a durable development

Cost structure analysis of commercial nuclear power plants in Japan based on corporate financial statements of electric utility companies

International Nuclear Information System (INIS)

Kunitake, Norifumi; Nagano, Koji; Suzuki, Tatsujiro

1998-01-01

In this paper, we analyze past and current cost structure of commercial nuclear power plants in Japan based on annual corporate financial statements published by the Japanese electric utility companies, instead of employing the conventional methodology of evaluating the generation cost for a newly constructed model plant. The result of our study on existing commercial nuclear plants reveals the increasing significance of O and M and fuel cycle costs in total generation cost. Thus, it is suggested that electric power companies should take more efforts to reduce these costs in order to maintain the competitiveness of nuclear power in Japan. (author)

75 FR 47644 - General Electric Company, Transportation Division, Including On-Site Leased Workers From Adecco...

Science.gov (United States)

2010-08-06

... DEPARTMENT OF LABOR Employment and Training Administration [TA-W-71,174] General Electric Company... that was totally or partially separated from employment. It was determined, however, that imports of... Globalization Adjustment Assistance Act of 2009, section 222 of the Act (19 U.S.C. 2272) covers foreign...

The Brazilian Business World: the difficult adaptation to globalization

OpenAIRE

Arraes, Virgílio Caixeta

2010-01-01

The article deals with the internationalization of Brazilian businesses in the current decade. In the 1990s, Brazil embraced economic neoliberalism and promoted a huge opening up of its economy. At that time, Brazilian companies had to adapt rapidly. Twenty years later, the country has reinforced its presence in Latin America and has ensured a better position in the global markets, especially by through agricultural exports. O artigo trata da internacionalização das empresas brasileiras na...

Activity report 2006 - INB - Brazilian Nuclear Industries Inc

International Nuclear Information System (INIS)

2006-01-01

This document reports the activities of Brazilian Nuclear Industry company during 2006 as follows: uranium isotope enrichment; production of nuclear fuel; mineral resources; finance and administration; planning and sales; quality, safety and environment, communication and social action; economic and financial management

Basic strategies in the electric power industry in the new competitive environment

International Nuclear Information System (INIS)

Ribeiro Filho, Ary Pinto; Moraes, Walter Fernando Araujo de

1999-01-01

This work identifies the probable strategic characteristics of the interconnected North-Northeast Brazilian electricity industry, after the current restructuring and privatization process has been implemented. It is a 15.0 thousand MW generation industry supplying more than 33.5 million consumers. The normative scenery for analysis of the electricity industry takes into consideration the premises that the government establishes the vertical separation of generation, transmission, distribution and retailing, and introduces the regulation to a competitive industrial structure in generation and retailing. It is assumed that free access to transmit and distribute electricity and broad choices for consumers are the main features for competition in both generation and retailing. The essence of formulating strategy is to relate a company with its environment, considering the industrial structure. The probable generic strategies and industrial trends are presented, and considerations are made concerned with the future expansion capacity. Finally, in the new industrial structure which will settle after the deregulation and privatization, the main strategic issues of the companies will likely focus on: profitability, cost control, managerial competence, consumer behavior, and new technologies, in special the ones related to modern thermal power plants. (author)

The effect of electric transmission constraints on how power generation companies bid in the Colombian electrical power market

Directory of Open Access Journals (Sweden)

Luis Eduardo Gallego Vega

2010-05-01

Full Text Available This paper presents the results of research about the effect of transmission constraints on both expected electrical energy to be dispatched and power generation companies’ bidding strategies in the Colombian electrical power market. The proposed model simulates the national transmission grid and economic dispatch by means of optimal power flows. The proposed methodology allows structural problems in the power market to be analyzed due to the exclusive effect of trans- mission constraints and the mixed effect of bidding strategies and transmission networks. A new set of variables is proposed for quantifying the impact of each generation company on system operating costs and the change in expected dispatched energy. A correlation analysis of these new variables is presented, revealing some interesting linearities in some generation companies’ bidding patterns.

The Brazilian electric sector regulation as reference for the hydrogen regulation as energetic vector; A regulacao do setor eletrico brasileiro como referencia para regulacao do hidrogenio como vetor energetico

Energy Technology Data Exchange (ETDEWEB)

Paternostro, Andre de Goes [Universidade Salvador (UNIFACS), Salvador, BA (Brazil); Fundacao de Amparo a Pesquisa do Estado da Bahia (FAPSB), Salvador, BA (Brazil)]. E-mail: apater@hotmail.com

2008-07-01

This paper is based on the Brazilian electric sector to outline parallels for introduction of hydrogen as energetic vector in Brazilian matrix. For this purpose it was achieved an analysis of regulation theory, of electric sector reorganization, the new model of energy trade and the NOS role. In face of this analysis, hydrogen regulation may be established through a mix of four models: tariff model by return tax; tariff by marginal cost; regulation by performance and price cap. This new industrial sector should start vertical and with its maturity become non vertical as electric sector after its reorganization. Regarding the market, advanced purchase of hydrogen should be established enabling the reduction of incertitude in trade as well as reduction of implantation costs. NOS should pursue electric energy generation from hydrogen as this may carry impacts in transmission networks as well as in distribution network depending on how hydrogen was generated, whether in large scale or for local consumption supply. (author)

Genesis of the Brazilian nuclear power plants program

International Nuclear Information System (INIS)

Syllus, G.; Lepecki, W.

1996-01-01

The genesis of the Brazilian Nuclear Power Program is described by the authors - who participated in the events - from the beginning of the sixties, until the definition and the start of the implementation in 1975 of the Reference Nuclear Power Program. A description is made of the main events, studies and decisions that contributed to the evolution of the Program: the GTRP (Nuclear Power Plant Working Group); the Thorium Group; the Lane Group; the decision about Angra 1; CNEN's analyses about the reactor line and, finally, the creation of CBTN (Nuclear Technology Brazilian Company), which elaborated the studies that resulted in the final definition of the Program and led to the Brazilian German Agreement and the establishment of NUCLEBRAS. (author)

GESTÃO DA TERCEIRIZAÇÃO NO SETOR BRASILEIRO DE DISTRIBUIÇÃO DE ENERGIA ELÉTRICA

Directory of Open Access Journals (Sweden)

Gregório Jean Varvakis Rados

2011-04-01

Full Text Available Outsourcing activities have been expanded through the whole value chain in the Brazilian electric energy distribution sector, includingservices which are part of the firm’s core business. This work has as the objective of analyzing two service outsourcing models developed by Brazilian electricity distribution companies. Interviews in situ with stakeholders from both companies and from the outsourcing companies were made along with visits. The main contribution is that outsourcing activities require more sophisticated management models, suggested by the need to increase technical and managerial capabilities in the firms

75 FR 8753 - Carolina Power & Light Company, Brunswick Steam Electric Plant, Units 1 and 2; Environmental...

Science.gov (United States)

2010-02-25

... Dusenbury of the North Carolina Department of Environment and Natural Resources regarding the environmental... & Light Company, Brunswick Steam Electric Plant, Units 1 and 2; Environmental Assessment and Finding of No... identification of licensing and regulatory actions requiring environmental assessments,'' the NRC prepared an...

Models and strategies for electricity distribution companies in emerging economies

Science.gov (United States)

Zaragocin Espinosa, Leonardo Vicente

Unbundling and privatization have become key elements of restructuring in the Electric Power Industry of Emerging Economies. These processes have concentrated on the Generation and Transmission areas, leaving Distribution as lower priority. Based on a comparison between the old role of Distribution Companies (DISCOS) and its new potential role this study identifies the main issues and challenges that DISCOS will face in the new environment once structural and ownership changes are completed. For the specific case of DISCOS in Emerging Economies, regulatory policies are reviewed and strategies identified in order to facilitate the transition and to assist in the integration of DISCOS with other agents in the evolving electric power market. Of particular importance in this research is the analysis of the role of Energy Efficiency (EE) in the new structural and governance environment. A theoretical study of the effects of energy efficiency measures, specifically loss reduction, on price regulation is developed within a proposed regulatory regime of privatization together with Price-Cap Regulation. This theoretical benchmark is then used as a starting point for a case study, the Electric System of Ecuador, where an analysis of the current Ecuadorian price regulation scheme (the Distribution Value Added Charge, VAD, scheme) is presented and analyzed in detail. General recommendations for improving the application of the VAD pricing approach are advanced, with special reference to the current situation in Ecuador.

Return on capital of Brazilian electricity distributors: A comparative analysis

International Nuclear Information System (INIS)

Rocha, Katia; Camacho, Fernando; Braganca, Gabriel

2007-01-01

This paper analyzes the electricity distribution segment in Brazil from 1998 to 2005-after the conclusion of privatization process-trying to assess whether the return on capital invested was in line with the risk required in the segment. It concludes that the return on equity in Brazil was systematically negative until 2003. Only in 2005 did the distribution segment really begin to recover, showing profitability consistent with the estimated cost of equity. Comparisons with Argentine, Chilean and American companies reveal that firms in the latter two countries, generally managed to reward shareholders according to the opportunity cost of capital. Estimates are that to sustain annual growth of roughly 3.7% for the next decade, the entire electricity sector will demand US$ 7 billion in capital expenditures a year for the next decade, 67% for generation, 16% for transmission and 17% for distribution. In order to stimulate private capital investment, it is fundamental for the regulator, in the tariff revision processes, to consistently assure a rate of return on capital in line with the segment's real opportunity cost and therefore maintain the health of all the three segments without the burden of subsidies

A three-stage short-term electric power planning procedure for a generation company in a liberalized market

International Nuclear Information System (INIS)

Nabona, Narcis; Pages, Adela

2007-01-01

In liberalized electricity markets, generation companies bid their hourly generation in order to maximize their profit. The optimization of the generation bids over a short-term weekly period must take into account the action of the competing generation companies and the market-price formation rules and must be coordinated with long-term planning results. This paper presents a three stage optimization process with a data analysis and parameter calculation, a linearized unit commitment, and a nonlinear generation scheduling refinement. Although the procedure has been developed from the experience with the Spanish power market, with minor adaptations it is also applicable to any generation company participating in a competitive market system. (author)

[Tampa Electric Company IGCC project]. 1996 DOE annual technical report, January--December 1996

Energy Technology Data Exchange (ETDEWEB)

NONE

1997-12-31

Tampa Electric Company`s Polk Power Station Unit 1 (PPS-1) Integrated Gasification Combined Cycle (IGCC) demonstration project uses a Texaco pressurized, oxygen-blown, entrained-flow coal gasifier to convert approximately 2,000 tons per day of coal to syngas. The gasification plant is coupled with a combined cycle power block to produce a net 250 MW electrical power output. Coal is slurried in water, combined with 95% pure oxygen from an air separation unit, and sent to the gasifier to produce a high temperature, high pressure, medium-Btu syngas with a heat content of about 250 BTUs/cf (HHV). The syngas then flows through a high temperature heat recovery unit which cools the syngas prior to its entering the cleanup systems. Molten coal ash flows from the bottom of the high temperature heat recovery unit into a water-filled quench chamber where it solidifies into a marketable slag by-product. Approximately 10% of the raw, hot syngas at 900 F is designed to pass through an intermittently moving bed of metal-oxide sorbent which removes sulfur-bearing compounds from the syngas. PPS-1 will be the first unit in the world to demonstrate this advanced metal oxide hot gas desulfurization technology on a commercial unit. The emphasis during 1996 centered around start-up activities.

The adaptation of the electric power companies to the power market

International Nuclear Information System (INIS)

Otterstad, B.; Ottosen, R.

1993-02-01

This report describes the challenges met by the Norwegian electric power companies in adapting to a more market oriented business and their possibilities and strategies when facing the uncertainties on the market side. The main principles of adaptation to the market are described and various strategies are illustrated by means of simple calculations and figures. The theoretical basis for analyses of adaptation to the market and for pricing period contracts and options are discussed. The report concludes with a discussion of the de-regulation of the North American gas market and draws parallels to the Norwegian power market. 17 figs

Perspectives for rural electrification in the new economic and institutional scenario of the brazilian electric sector; Perspectivas para a eletrificacao rural no novo cenario economico-institucional do setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Oliveira, Luciana Correa de

2001-03-15

This thesis discusses the energy deficit in Brazilian rural areas, from the viewpoint of the ongoing reform, which is establishing a new economic and institutional model for the electric sector. The main objective of this inquiry is to reveal the perspectives for the solution of the rural energy problem, by means of a critical examination of the legal and executive initiatives related to the expansion of electric coverage, indicating the priority level of rural electrification within the reform. This analysis infers the need of an innovative reform approach, different from the solutions employed by developed countries, due to peculiar characteristics of the Brazilian case. (author)

Pricing of contract options for electric power; Precificacao de contrato de opcoes de energia eletrica

Energy Technology Data Exchange (ETDEWEB)

Takahashi, Leticia; Gunn, Laura Keiko; Correia, Paulo B. [Universidade Estadual de Campinas (FEM/UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Energia

2008-07-01

The reorganization of the electric sector has improved the opportunity of energy trade through contracts, which have to be considered on the risk evaluation for generating companies. Different types of contracts have been used in electric energy commercialization. This work develops a model for option contract pricing. The classic model of options pricing used in the financial market is based in Black- Scholes. Due to the inherent feature of the Brazilian electrical system, with a strong predominance of hydroelectricity, the seasonal swing of the electricity price is the main source of contractual risk. So, the Black-Scholes model very is not adjusted. To deal with the uncertainties, this work uses an approach based on analysis of scenarios and binomial trees. Case studies are analyzed with binomial tree to calculate the price of the option contract. (author)

The carbon footprint of exported Brazilian yellow melon

NARCIS (Netherlands)

Brito de Figueirêdo, M.C.; Kroeze, C.; Potting, J.; Silva Barros, da V.; Sousa de Aragão, A.; Sonsol Gondim, R.; Boer, de I.J.M.

2013-01-01

The carbon footprint of food has become important for producers worldwide as consumers and retail companies increasingly base their purchase decisions on carbon footprint labels. In this context, our objectives is to assess the carbon footprint (CF) of Brazilian yellow melon exported from the Low

Accounting choices in Brazil: identifying the characteristics of publicly traded companies that opted to maintain versus derecognise deferred assets

Directory of Open Access Journals (Sweden)

Fernando Drago Lorencini

2012-04-01

Full Text Available The issuance of Brazilian Law 11.638/2007 is a critical step in the convergence of the Brazilian Generally Accepted Accounting Principles (GAAPs towards International Financial Reporting Standards. After the law was implemented and later modified by Provisional Executive Order 449/2008 (converted into Law 11.941/2009, certain accounting choices were allowed during the transition period. The Brazilian GAAPs allowed for restructuring costs and costs related to opening a new facility to be recognised as assets. As a transitional provision, companies were allowed to choose between maintaining or eliminating these values. In this paper, we attempted to identify which company characteristics were associated with this accounting choice. The final sample consisted of Brazilian companies listed on the BM & FBOVESPA, and a logistic regression identified two characteristics. Participation in one of the three different corporate governance levels of the BM & FBOVESPA was associated with the choice to derecognise the deferred assets, while companies decided to maintain the deferred asset if it was relatively large. The empirical evidence reported here contributes to the literature by explaining the manner in which a set of firm characteristics is related to a firm's accounting choices.

A proposal of cost evaluation of own capital for the Brazilian electric sector; Uma proposta de avaliacao do custo do capital proprio para o setor de energia eletrica brasileiro

Energy Technology Data Exchange (ETDEWEB)

Serrano, Ricardo Oliveira L.

2003-12-01

This work studies the own capital cost of the Brazilian electric sector, by using three methodologies: Comparable Accounting Results (CAR), using historical values for measurement, Discounted Cash Flow (DCF) and the CAPM, elaborated from expected values.The obtained results by using the CAR method indicated that the Brazilian electric power sector is not receiving remuneration according to the real maintenance and expansion necessities. Based on this observation, it was considered appropriated to discard the CAR method in the proposed methodology, therefore using the simply average of the CAPM e DCF models. By using the simply average of the models presents the advantage of capturing specific characteristics of each model, and to dilute effects of eventual extreme values.

Development of management systems for nuclear power plant of Hokuriku Electric Power Company

International Nuclear Information System (INIS)

Nakamura, Tatsuaki; Hasunuma, Junichi; Suzuki, Shintaro

2009-01-01

Hokuriku Electric Power Company has been operating the Shika Nuclear Power Station that it constructed in Shika city, Ishikawa prefecture, for over 15 years since bringing Unit 1 of this plant online in July 1993. In addition to electricity generation, maintenance and inspection tasks constitute a big part of operating a large-scale nuclear power plant, and in recent years, problems at power stations in the nuclear power industry have led to several revisions of nationally regulated maintenance and inspection systems. This paper describes the background, objectives, development method, and features of the Maintenance Management System and Maintenance History Management System that make effective use of information technology to promote safer and more efficient maintenance work at large-scale nuclear power plants. (author)

DETERMINANTS OF VOLUNTARY DISCLOSURE: A Study in the Brazilian Banking Sector

Directory of Open Access Journals (Sweden)

Lianny Maria Forte

2015-04-01

Full Text Available Disclosure theory assumes the wide availability of information to users, increasing the level of corporate transparency and reducing information asymmetry common to the business environment. This research aims to investigate the factors influencing the level of voluntary disclosure by companies in the Brazilian banking sector. Corporate reputation (REP, firm size (TAM, performance (DES, and internationalization (ADR were the variables used as factors influencing the level of disclosure. The sample was composed of the 100 largest Brazilian banks in relation to total assets in 2012. The methodology technique used multiple linear regression. The evidence revealed that the corporate reputation and the size of the companies had a significant and positive relationship with the level of voluntary disclosure. In this sense, the larger the company and higher the standard of corporate reputation, the higher the level of corporate disclosure. Performance and internationalization were not statistically significant.

A proposal for evaluation of the owner capital cost for the Brazilian electric power sector; Uma proposta de avaliacao do custo do capital proprio para o setor de energia eletrica brasileiro

Energy Technology Data Exchange (ETDEWEB)

Serrano, Ricardo Oliveira L.

2003-12-01

This work studies the owner capital cost of the brazilian electric sector, according to three methods: Comparable Accounting Earnings, that uses historical values in its measuring and Discounted Cash Flow (DCF) and the Capital Asset Pricing Model (CAPM), elaborated from the expected values. The obtained results by using the CAE method showed that the Brazilian electric sector has not been rewarded in its real necessity of maintenance and expansion. From this observation, it was considered appropriated not to take this method in the methodology presently proposed, which will be using only the single average of the CAPM and DCF models. The use of the results single average of this model presents the advantage of selecting specific characteristics of each one, and diluting the effects of occasional peak values. The owner capital cost obtained from this work was the average value of 19.73% for the studied period - 1995/2003 (17.12% for 2003), proximate to the obtained result by ANEEL - brazilian agency of electric power - for investments in energy distribution in Brazil, 17.47%, while Minardi and Sanvicente (2003) obtained 36.06% for the owner capital cost of CEMIG in 2002, specifically.

Analysis of constraints to the introduction of LNG plants in the Brazilian electric sector; Analise dos condicionantes para a introducao de plantas a GNL no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Cortes, Tatiane Moraes Pestana

2010-03-15

This work aims analyze the constraints to the introduction of LNG in the Brazilian energy matrix. Therefore, considers the current regulatory framework and the investments recently made by PETROBRAS to acquire LNG in the international market in order to supply power plants in the country. In order to assess the current status of the LNG plants in the electricity sector, factors are analyzed in terms of the natural gas industry and electric power industry, such as: storage, LNG contracts, operating dispatch, LNG plants pricing and operational flexibility. Despite the increase in LNG international trade and the prospect of using this product in Brazil, there are some challenges for the effective use of LNG plants by Brazilian electric sector. Some of the challenges are the need to review the methodology of calculating the cost benefit of LNG power plants. Another important challenge is to examine the use of underground storage and its influence in the operating dispatch of LNG plants. (author)

Annual report - Companhia Paulista de Forca e Luz - 1996

International Nuclear Information System (INIS)

1997-01-01

The annual report of 1996 of Companhia Paulista de Forca e Luz - Brazilian electric power company - introduces the next main topics: Brazilian economy and the electric sector; market features and evolution; electric energy tariffs; economic performance; social balance; CPFL shares performance; financial management; investments; human resources; concern for the environment; new business; perspectives for 1997; and financial statements

Brazilian energy statistics - 1992. Annual bulletin of the Brazilian National Committee of the World Energy Council

International Nuclear Information System (INIS)

1992-01-01

This bulletin deals with the primary sources that carry most weight in the Brazilian energy balance: hydraulic energy, petroleum, natural gas and coal. It contains data on ethyl alcohol derived from sugar cane since it is of special importance in Brazil's energy scenario. A brief picture of Brazil's electric power status with regard to bordering countries is also presented, giving an idea of the prospects for progress in electric power integration through the implementation of new international electric power interconnection projects. (author). 13 figs., 19 tabs

The Canadian Niagara Power Company story

International Nuclear Information System (INIS)

Ball, N.R.

2005-01-01

This book chronicles the history and contributions of the Canadian Niagara Power Company and its employees toward the establishment of electricity generation and distribution in Niagara Falls and Fort Erie, Ontario, dating back to its founding in 1892. Through historical photographs, maps and drawings, the book demonstrates the impact of electricity on the Niagara region. It emphasizes the many skills and jobs required to run the company that generated electricity and maintained a complete system to deliver power, metering, and billing services through the depression, wars, and postwar booms, even during lightning, snow and ice storms. The company began producing power in 1905 with what had been the world's largest-capacity turbines and generators that supplied power to both sides of the Niagara River. Initially, most of the electricity was exported to New York State. The company eventually expanded its Canadian customer service area from Niagara Falls, Ontario, to Fort Erie, Bridgeburg, Amigari, Ridgeway, Stevensville, Crystal Beach and Point Abino. Throughout its history, the Canadian Niagara Power Company provided power at a lower cost than its neighbouring competitors. The William Birch Rankine Generating Station became an important tourist attraction, showcasing the latest electrical appliances of the time in an effort to promote the use of electricity in homes and offices. Today, the station remains a tribute to the fact that natural beauty can coincide with industry. The book also chronicles the difficult business challenges caused by restructuring in the electric power industry in the 1990s, repairing aging equipment and applying the latest in automation and remote sensing technology. Today, the company as FortisOntario is expanding to other communities around Ontario. refs., tabs., figs

EXPORT INCENTIVE PROGRAMS: A STUDY ABOUT BRAZILIAN SME’S FROM SANTA CATARINA STATE

Directory of Open Access Journals (Sweden)

Izabel Regina de Souza

2012-01-01

Full Text Available The reality of the Brazilian economy during the last decade has influenced many companies to get new markets to expand to other parameters of competition. The export incentive programs created by the government, is an example of this, and he has performed positively, strengthening the relationship of resources and capacity to develop sales strategies and relationships with the external market. With the use of financial incentive programs for export, companies can enjoy the competitiveness and advantages related to cost of goods or services, and thus help them achieve a satisfactory goal with the export activity. Careful to promote exports, the Brazilian government creates lines of financial incentives that can meet the needs of Brazilian companies. These floor plane are known as advances on exchange contracts (ACC, Advances on foreign exchange delivered (ACE, Program for Export – (Proex among others. Santa Catarina has been active in the export process of the country, accounting for significant numbers for the trade balance. The target of this study is to understand the reactions of the business of Santa Catarina in the use of financial incentives for export. The research method adopted, as to the purposes of research, the research was exploratory and the means of investigation was a qualitative field research through interviews. The results showed that the reasons these companies entering in the international market, have been opening new markets, new business opportunities and increase the export volume. Financial incentives are most commonly used by companies to Advance on Export Contracts (ACC and Advances on Foreign Exchange Delivered (ACE.

Eletronuclear's relationship with the Brazilian media: transparency and credibility

Energy Technology Data Exchange (ETDEWEB)

Alvarez, Gloria, E-mail: galvarez@eletronuclear.gov.br [Eletrobras Termonuclear S.A. (ELETRONUCLEAR), Rio de Janeiro, RJ (Brazil)

2013-07-01

In a capitalist economy the most valued assets are not money, shares or facilities, but credibility. Lack of money can ruin a company, but often it is reputation that delivers the final blow. It has become challenging to safeguard reputation in a world where Communication is increasingly connected and with such an intense and lightning fast flow of information. This is particularly true for the electricity sector - a commodity so prevalent in everyday modern life, but, whose business dealings, are hardly known by the general public. When it comes to nuclear energy, the challenge of establishing an effective Communication with transparency and credibility touches on even more complex elements. The topic of this paper is the scenario through which the Communication process, along with its characteristics and approaches, unfolds between the nuclear sector and the Brazilian media. (author)

PERFORMANCE IN CROSS-BORDER MERGERS AND ACQUISITIONS: AN EMPIRICAL ANALYSIS OF THE BRAZILIAN CASE

Directory of Open Access Journals (Sweden)

Adriana Bruscato Bortoluzzo

2014-10-01

Full Text Available The purpose of this article is to investigate whether the cross-border acquisitions made by Brazilian companies over the past 15 years have improved their financial performance. Drawing on institutional, sociocultural, and organizational learning theories, this study develops and empirically tests several hypotheses on the determinants of M&A performance. The results demonstrate that the cross-border acquisition moves by Brazilian companies actually improve their financial performance. Financial performance tends to be positive when the cultural distance between the countries of the acquiring and acquired companies is low to medium and when the institutional context of the acquired company is a developed one. We also found an inverted-U shape relationship between acquiring companies’ previous international M&A experience and the performance of a new cross-border operation. These findings suggest that research on international M&As should include acquirers’ M&A experience as well as the institutional characteristics of their target countries.

Demand for Life Annuities: a Brazilian Perspective

Directory of Open Access Journals (Sweden)

Thalita Amorim Vaz

2012-10-01

Full Text Available Because pension plans have been marketed using outdated technical premises, Brazilian insurance companies find themselves required to identify additional resources to ensure their ability to meet future benefit payments obligations. When calculating the additional amount of this provision, the parameters used are: mortality and disability decrements, the structure of interest rates, financial performance, cancellation fees and conversion rates. The aim of this study is to present the estimation of conversion rates based on a Probit Model. The data for this study was obtained through the transfer of restricted data from the portfolio of a company with relevant activity in the Brazilian insurance market, including a group of 14,511 individuals eligible for retirement in the period between January 1, 2005 and December 31, 2009. The resulting analysis of the data allows us to conclude that two factors — the volume of accumulated reserves and the classification of prices as actuarially fair —increase the propensity of an individual to convert resources upon retirement. In turn, retirement age and the need for liquidity reduce the propensity to convert resources upon retirement.

Development on power distribution technologies of four electric power companies in Japan. The Tokyo Electric Power Co. , Inc

Energy Technology Data Exchange (ETDEWEB)

1989-07-01

Electric power companies have been needed to cope with various needs in accordance with the progress of highly information-oriented society, the improvement of industrial technology, and the advancement and diversification of the living environment. In such situation, the power distribution section of Tokyo Electric Power has promoted technical development, setting up following priority items to put into operation: to reduce power failure caused by works and accidents, to improve reliability in supply, to reduce costs of construction and all over business management, to serve customers to answer various needs, to develop new technology and new methods based on the medium- and long-term prospect, and so forth. Several examples of recent technical development are introduced here. They are as follows; compact equipment and materials for electric poles to match the circumstances of cities and to simplify the construction method for power distribution, a 750kVA large high-voltage power-generation truck to make provision against an emergency such as a disaster by a typhoon, a compact transformer used on the ground, a high-voltage automatic cabinet, and a detector to find the failure of indoor power distribution works in resistances in a short time. 8 figs.

Should IKEA Expand into Brazil: A Study of Brazilian Consumer Behaviours

OpenAIRE

Hiroshi Ito; Nada AlElWeet; Rebecca Harrison; Alice Mitchell; Ellis Parker

2015-01-01

IKEA, a Swedish furniture company, is considering entering the Brazilian market. This paper examines whether or not IKEA might be successful in the Brazilian market by reviewing the following issues: the growth of middle class, consumer spending, internet usage and eco-awareness. This study finds that the growing middle class in the country and the increasing average household disposable income is a promising sign that the ability of consumers to afford IKEA products is increasing. The growin...

CASE REPORT: CHARACTERIZATION OF THE PRODUCTION SYSTEM OF BEEF CATTLE, DEVELOPED BY BRAZILIANS IN THE REGION OF CHACO BOLIVIANO

OpenAIRE

Ronan Lopes Albino; Ricardo Marostegan de Paula; Virgílio Mesquita Gomes; Pedro Veiga Rodrigues Paulino; Rogério de Paula Lana

2011-01-01

The purpose of this work is to describe the characteristic of the beef cattle production system in Bolivia. From a scholarship that happened in a Brazilian company who provide management in livestock, during this time it was possible know a little bit about the characteristic on Bolivia livestock. In oriental region from Bolivia the Boviplan Consultoria Agropecuaria Ltda., Brazilian company with head office in Piracicaba-SP, built an office, to offer a bigger technical support for customer th...

Rural electrification of the Brazilian Amazon - Achievements and lessons

International Nuclear Information System (INIS)

Gomez, Maria F.; Silveira, Semida

2010-01-01

The Brazilian government has the ambition to provide complete electricity coverage for all citizens as a means to promote development and reduce inequalities. Full coverage implies the provision of electricity to 15 million people in the country by the end of 2010 through the program Luz para Todos (LPT - light for all) launched in 2003. So far, 11 million people have benefited, 2 million of which live in the Amazon. In this paper, we analyze the linkages between development and rural electrification through the Human Development Index (HDI) and within the context of the Amazon. We examine the suitability of the HDI as a planning and monitoring tool for improving energy access and development. We show that the recognition of electricity access as a driver for development has led to concrete goals for electrification, actual action and welfare improvement. Our study serves to highlight the role of LPT in the development of the Amazon region, and the specific features and achievements of the Brazilian policy for universal electrification. We conclude that some challenges related to the electrification of isolated areas still lie ahead. We finalize with a discussion on the relevance of the Brazilian experience to other developing countries.

Optimization of portfolio of contracts for companies of electric power generation

International Nuclear Information System (INIS)

Gunn, Laura Keiko; Silva, Elisa Bastos; Correia, Paulo de Barros

2010-01-01

Portfolio optimization is a technique widely used to select investments in economic and financial zones. In the Brazilian Electric Market the portfolio models must consider not only different types of contracts used in the free market, but also different types of markets: the free market, the captive market and the spot market. Normally, the question is knowing which proportion of energy should be sold in each market, in order to maximize the return and minimize the risk. This article deals with a problem from the point of view of a power generator, where their objective is to maximize its profit, to serve their obligations regarding the delivery of energy and minimizing the risk associated with the occurrence of Spot Price - minimum (Spot Price). It is considered that the generator has flexible contracts and inflexible contracts to sell the energy. Inflexible contracts have delivery obligations of fixed energy and flexible contracts allow, the holder of the flexibility, to deliver or to receive an amount of variable energy. In this case, the holder of flexibility may be the purchaser or the generator. (author)

Equity Market Timing: Testing Using Brazilian IPOs

Directory of Open Access Journals (Sweden)

José Luiz Rossi Jr

2010-04-01

Full Text Available This paper analyzes whether the behavior related to the equity market timing affected the recent IPO wave of Brazilian firms and exerted an impact on companies'capital structure. Using data from january 2004 to december 2007 the paper classifies the months in the sample in hot or cold according the number of IPOs that took place in each month. The paper confirms an oportunistic behavior by the firms that issue a higher volume of stocks in periods classified as hot. The paper also shows that the impact of this behavior on companies` capital structure is very limited. Although there is a reduction in companies` leverage right after the IPO, this returns to its previous level only a few quarters after the IPO.

Job satisfaction among control room operators of electrical systems.

Science.gov (United States)

Macaia, Amanda A Silva; Marqueze, Elaine C; Rotenberg, Lúcia; Fischer, Frida Marina; Moreno, Claudia R C

2012-01-01

Shift workers from control centers of electrical systems are a group that has received little attention in Brazil. This study aimed to compare workers' job satisfaction at five control centers of a Brazilian company electrical system, and according to their job titles. The Organization Satisfaction Index (OSI) questionnaire to assess job satisfaction was used. ANOVA was used to compare OSI means, according to job title and control center. The results showed that there is no difference in job satisfaction among job titles, but a significant difference was found according to the control center. A single organizational culture cannot be applied to several branches. It is required to implement actions that would result in job satisfaction improvements among workers of all studied control rooms centers. The high level of education of operators working in all centers might have contributed to the similar values of perceived satisfaction among distinct job titles.

The Brazilian 2010 oil regulatory framework and its crowding-out investment effects

International Nuclear Information System (INIS)

Florêncio, Pedro

2016-01-01

Investment is an essential variable in the oil sector. It is even more important in the vast Brazilian pre-salt domains, where the technological requirements are high and sophisticated. The Brazilian National Oil Company, Petrobras, is facing severe financial limitations to undertake these disbursements. Other oil companies will therefore have to be significantly engaged in the endeavour, which reinforces further the importance of attracting investments in Brazil. Yet this article shows that the governance architecture established in the 2010 Brazilian oil framework will deter investments in several ways, giving rise to agency problems among entities and moral hazard situations because of contractual legal liabilities. There are some credible indications that the government of President Lula overestimated the attractiveness of the Brazilian pre-salt oil discoveries and their capacity to draw investments when proposing the 2010 changes. Little attention was given to the careful examination of how the framework would affect investors, under the assumption that the favourable geological conditions would be sufficiently attractive in themselves. Even though the 2010 reforms have brought some minor advancements and there have been some signs that the government has been recently attempting to mitigate some of the problems examined in this article, that is not enough. - Highlights: • The Brazilian regulatory oil framework deters investments in the country. • The governance setting between entities is one of its worse aspects. • It causes agency problems and moral hazard situations. • Brazil has to urgently tackle these investment hindrances.

Descriptive Study of Occupational Accidents and their Causes among Electricity Distribution Company Workers at an Eight-year Period in Iran

Science.gov (United States)

Rahmani, Abdolrasoul; Khadem, Monireh; Madreseh, Elham; Aghaei, Habib-Allah; Raei, Mehdi; Karchani, Mohsen

2013-01-01

Background Occupational accidents are unplanned events that cause damage. The socio-economic impacts and human costs of accidents are tremendous around the world. Many fatalities happen every year in workplaces such as electricity distribution companies. Some electrical injuries are electrocution, electric shock, and burns. This study was conducted in an electricity distribution company (with rotational 12-hour shift work) in Iran during an 8-year period to survey descriptive factors of injuries. Methods Variables collected included accident time, age of injured worker, employment type, work experience, injury cause, educational background, and other information about accidents. Results Results indicated that most of the accidents occurred in summer, and 51.3% were during shift work. Worker negligence (malpractice) was the cause of 75% of deaths. Type of employment had a significant relationship with type of injuries (p safety was related to job experiences. Temporary workers have no chance to work all year like permanent workers, therefore impressive experiences may be less in them. Because the lack of protective equipment and negligence are main causes of accidents, periodical inspections in workshops are necessary. PMID:24106647

Monthly bulletin of electric power market - November 1988

International Nuclear Information System (INIS)

1988-01-01

This bulletin deals with the brazilian electric power consumption in November 1988, containing data about the total consumption, the growth rates, the special tariffs and monthly evolution in each brazilian region. The economic indexes of industrial production, the market and the prices of electric power and petroleum products are also presented. (C.G.C.)

Monthly bulletin of electric power market - July 1988

International Nuclear Information System (INIS)

1988-01-01

This bulletin deals with the brazilian electric power consumption in July 1988, containing data about the total consumption, the growth rates, the special tariffs and monthly evolution in each brazilian region. The economic indexes of industrial production, the market and the prices of electric power and petroleum products are also presented. (C.G.C.)

Monthly bulletin of electric power market - September 1988

International Nuclear Information System (INIS)

1988-01-01

This bulletin deals with the brazilian electric power consumption in September 1988, containing data about the total consumption, the growth rates, the special tariffs and monthly evolution in each brazilian region. The economic indexes of industrial production, the market and the prices of electric power and petroleum products are also presented. (C.G.C.)

Evaluation of Public Service Electric & Gas Company`s standard offer program, Volume I

Energy Technology Data Exchange (ETDEWEB)

Goldman, C.A.; Kito, M.S.; Moezzi, M.M.

1995-07-01

In May 1993, Public Service Electric and Gas (PSE&G), the largest investor-owned utility in New Jersey, initiated the Standard Offer program, an innovative approach to acquiring demand-side management (DSM) resources. In this program, PSE&G offers longterm contracts with standard terms and conditions to project sponsors, either customers or third-party energy service companies (ESCOs), on a first-come, first-serve basis to fill a resource block. The design includes posted, time-differentiated prices which are paid for energy savings that will be verified over the contract term (5, 10, or 15 years) based on a statewide measurement and verification (M&V) protocol. The design of the Standard Offer differs significantly from DSM bidding programs in several respects. The eligibility requirements and posted prices allow ESCOs and other energy service providers to market and develop projects among customers with few constraints on acceptable end use efficiency technologies. In contrast, in DSM bidding, ESCOs typically submit bids without final commitments from customers and the utility selects a limited number of winning bidders who often agree to deliver a pre-specified mix of savings from various end uses in targeted markets. The major objectives of the LBNL evaluation were to assess market response and customer satisfaction; analyze program costs and cost-effectiveness; review and evaluate the utility`s administration and delivery of the program; examine the role of PSE&G`s energy services subsidiary (PSCRC) in the program and the effect of its involvement on the development of the energy services industry in New Jersey; and discuss the potential applicability of the Standard Offer concept given current trends in the electricity industry (i.e., increasing competition and the prospect of industry restructuring).

76 FR 388 - Southern Nuclear Operating Company; Vogtle Electric Generating Plant, Unit Nos. 1 and 2; Notice...

Science.gov (United States)

2011-01-04

... Operating Company; Vogtle Electric Generating Plant, Unit Nos. 1 and 2; Notice of Consideration of Issuance... Web site http://www.regulations.gov . Because your comments will not be edited to remove any... will not edit their comments to remove any identifying or contact information, and therefore, they...

78 FR 32384 - South Carolina Electric and Gas Company; Notice Denying Motion to Intervene and Rejecting Request...

Science.gov (United States)

2013-05-30

... Commission staff's order. \\1\\ South Carolina Elec. and Gas Co., 143 FERC ] 62,041 (2013). Rule 214(b)(2) of... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 516-476] South Carolina... 22, 2013, Commission staff issued an order approving South Carolina Electric and Gas Company's...

Generation potential of electric power surplus with the biogas produced from anaerobic bio digestion of vinasse in Brazilian sugar-ethanol industry; Potencial de geracao de excedentes de energia eletrica com o biogas produzido a partir da biodigestao da vinhaca na industria sucro-alcooleira brasileira

Energy Technology Data Exchange (ETDEWEB)

Lamonica, Helcio Martins [Universidade Estadual de Campinas (DE/FEM/UNICAMP), SP (Brazil). Fac. de Engenharia Mecanica. Dept. de Energia

2006-07-01

This work evaluates the electric power potential of the Brazilian sugarcane industry using the biogas produced by vinasse biodigestion in internal combustion engine driven generators. The electric power surplus based on crop 2004/05 ethanol production data is 9,292 TJ/year (2.6 TWh/year), 0.75% of the total electric power consumption in Brazil during the year of 2003. In spite of its considerable potential the determined minimum selling price for its produced energy of R$ 89.98/GJ (R$ 323.92/MWh) is expensive for present Brazilian electric power market price. (author)

Lost in transition? Comparing strategies of electricity companies in Delhi

International Nuclear Information System (INIS)

Criqui, Laure; Zérah, Marie-Hélène

2015-01-01

This paper examines the notion of energy transition when implemented by private utilities. In 2000, the Delhi government privatized electricity distribution to three private distribution companies. Most research was concerned with the impact of privatization on energy reliability, tariff settings and regulation issues. This paper looks at two under-researched themes: the expansion of services to poorer neighborhoods and the rollout of clean energy policies. This focus allows to unpack the materiality of socio-technical systems, to analyze how energy infrastructures are being technically deployed on the ground and to identify which social approach is used. To detail the specific practices of each company provides a more nuanced and accurate understanding of the reform. In-depth analysis of the three private utilities show that they interpret the reform mandate differently: they use a varied range of technical tools; they respond differently to social concerns in poorer neighborhoods; and they have distinctive internal management choices and corporate cultures. All these four factors can strengthen or undermine the transition towards increased access and clean energy. - Highlights: • Energy transition in an emerging cities aims at balancing environmental and social concerns. • Utilities have distinct transition paths despite similar privatization and regulation framework. • Utilities paths depend on spatial, social, managerial and corporate considerations. • Utilities' strategies are shaped by urban challenges rather than by energy policies

Analytic Hierarchy Process-Based Analysis to Determine the Barriers to Implementing a Material Efficiency Strategy: Electrical and Electronics’ Companies in the Malaysian Context

Directory of Open Access Journals (Sweden)

Fu Haw Ho

2016-10-01

Full Text Available Material efficiency is one of the most important strategies for helping manufacturing companies achieve sustainability in their production activities. However, there are many barriers to the implementation of material efficiency strategies in the manufacturing processes and overall business operations. The aim of this study is to identify and evaluate the barriers faced by Electrical and Electronics (E&E manufacturing companies in Malaysia in implementing material efficiency strategies. A mixed-mode research method was employed to collect data from these companies. Semi-structured interviews were used to identify the barriers faced by the Malaysian Electrical and Electronics (E&E industry, while an Analytic Hierarchy Process (AHP survey was utilized to determine the importance of each barrier. Seven companies participated in the semi-structured interviews, and 18 companies took part in the AHP survey. Nine barriers were generated from analysis of the interviews, and were then ranked by priority using the AHP method. These important findings could be used as a guide for E&E companies in managing or overcoming barriers during the implementation of material efficiency strategies and other sustainable manufacturing activities.

The role of the decomissioning process on the development of the Brazilian nuclear program

International Nuclear Information System (INIS)

Mattos, Joao Roberto L. de; Dias, Marcio S.

2009-01-01

The National Energy Plan 2030, issued by the Energy Research Company of the Brazilian Ministry of Mines and Energy (EPE, 2007), formalized a reference scenario for the renaissance of the nuclear option in Brazil. This scenario includes the completion of Angra 3 Nuclear Power Plant up to 2014 and the construction of four additional nuclear power plants of 1000 MWe: a fourth unit by 2020, a fifth unit by 2025 and the sixth and seventh plants by 2030. Worldwide, the energy demand and the renaissance of nuclear energy as a primary source for electric power generation are leading the industry toward new constructions as well as uprates and operational life extensions. In this new scenario the decommissioning is pushed further into the future and Brazil is not an exception, considering that Angra 1 NPP is under a process of uprating and certainly will apply for and will receive license renewals allowing its operation for 20 or more years beyond its original project. Thus, why to focus on decommissioning in the present? What is the importance of decommissioning for the development of the Brazilian nuclear industry considering the existing reactors? Should the decommissioning be considered in the design of the new nuclear power plants? What would be the decommissioning plan for the Brazilian Nuclear Power Plants? The present paper is intended to contextualize the decommissioning in the present scenarios as well as to try to answer the above questions. (author)

The Supply of Trade Credit by Brazilian Publicly Traded Firms

Directory of Open Access Journals (Sweden)

Rafael Felipe Schiozer

2011-12-01

Full Text Available This paper investigates the determinants of trade credit supply by Brazilian publicly traded companies between the years of 2005 and 2008. International literature (both theoretical and empirical documents that the main determinants of trade credit supply are the size of the firm and the size of its debt. Both indicate that the availability of resources to the firm is an important factor for the supply of trade credit. In addition, the literature confirms strategic uses of trade credit such as those for price discrimination purposes. The results obtained using a sample of 157 Brazilian companies do not support that size and indebtedness are relevant determinants for trade credit supply, but they confirm the supply of trade credit as a strategic tool for the firms. Additionally we observed a significant decrease in trade credit supply in 2008, the year in which a severe international financial crisis took place.

Parallel Careers and their Consequences for Companies in Brazil

Directory of Open Access Journals (Sweden)

Maria Candida Baumer Azevedo

2014-04-01

Full Text Available Given the relevance of the need to manage parallel careers to attract and retain people in organizations, this paper provides insight into this phenomenon from an organizational perspective. The parallel career concept, introduced by Alboher (2007 and recently addressed by Schuiling (2012, has previously been examined only from the perspective of the parallel career holder (PC holder. The paper provides insight from both individual and organizational perspectives on the phenomenon of parallel careers and considers how it can function as an important tool for attracting and retaining people by contributing to human development. This paper employs a qualitative approach that includes 30 semi-structured one-on-one interviews. The organizational perspective arises from the 15 interviews with human resources (HR executives from different companies. The individual viewpoint originates from the interviews with 15 executives who are also PC holders. An inductive content analysis approach was used to examine Brazilian companies and the Brazilian office of multinationals. Companies that are concerned about having the best talent on their teams can benefit from a deeper understanding of parallel careers, which can be used to attract, develop, and retain talent. Limitations and directions for future research are discussed.

Work for sustainability: Case studies of Brazilian companies.

Science.gov (United States)

Bolis, Ivan; Brunoro, Claudio M; Sznelwar, Laerte I

2016-11-01

The introduction of strategic corporate sustainability policies is expected to result in the improvement of several issues in companies. One of these issues is work, which should involve greater well-being for workers. Within the context of production engineering, this research connects sustainability and work-related issues, the latter seen in light of the discipline of ergonomics. Based on case studies conducted at four companies considered sustainability benchmarks, we examined how the introduction of the theme of sustainability has influenced work-related issues. The elements analyzed here were the corporate sustainability strategy, organizational practices for deploying the strategy, and the work design phase. The last element is the moment in which work is prescribed in the organization. The results show that, despite the announcement of the inclusion of changes in work, there is not any explicit evidence confirming that such changes are considered as a requirement for corporate sustainability projects. Copyright © 2015 Elsevier Ltd. All rights reserved.

Perfil do suporte oferecido pelas incubadoras brasileiras às empresas incubadas The profile of the support offered by the brazilian incubators to the incubated companies

Directory of Open Access Journals (Sweden)

Fabiano Maury Raupp

2011-08-01

Full Text Available O artigo objetiva delinear o perfil do suporte oferecido pelas incubadoras brasileiras às empresas incubadas. Trata-se de um estudo descritivo, de natureza quanti-qualitativa, realizado por meio de pesquisa survey. A população da pesquisa corresponde a 179 incubadoras brasileiras, tendo-se obtido um retorno de 37 delas. A coleta de dados deu-se com base em questionário enviado por e-mail aos coordenadores das incubadoras. Inicia-se o estudo fazendo uma breve incursão teórica acerca de incubadoras de empresas, fases do processo de incubação e suporte das incubadoras às empresas incubadas. Na seqüência, identifica-se os procedimentos metodológicos adotados. Em seguida, procede-se à descrição e análise dos dados coletados. Por último, apresenta-se as conclusões do estudo realizado, bem como recomendações para futuras pesquisas.The goal of this article is to outline the profile of the support offered by the Brazilian incubators to the incubated companies. This is a descriptive study, based on both quality and quantity, done through a survey. The target of the research was 179 Brazilian incubators, having heard from 37 of them. The data collection was based on questionnaire sent through e-mail to the coordinators of the incubators. The study began with a brief theoretical foray about incubators of companies. After that, the adopted methodological procedures are identified. Then, the description and the analysis of the data collected are done. At last, the conclusion of the study and recommendation for future researches are presented.

76 FR 30206 - Southern Nuclear Operating Company, Inc., Vogtle Electric Generating Plant, Unit 1 and 2; Notice...

Science.gov (United States)

2011-05-24

... Operating Company, Inc., Vogtle Electric Generating Plant, Unit 1 and 2; Notice of Consideration of Issuance..., http://www.regulations.gov . Because your comments will not be edited to remove any identifying or... received from other persons for submission to the NRC inform those persons that the NRC will not edit their...

Electric power conservation in Brazil

International Nuclear Information System (INIS)

Hollanda, J.B. de

1989-01-01

The Brazilian Electric Power Conservation Program (PROCEL) is discussed. The main objective of this program is the optimization of electric power use, including consideration about prices, technology development and legislation. (M.V.M.)

Barriers to the adoption of green operational practices at Brazilian companies

DEFF Research Database (Denmark)

Jabbour, Charbel José Chiappetta; De Sousa Jabbour, Ana Beatriz Lopes; Govindan, Kannan

2016-01-01

companies. A conceptual framework with 8 hypotheses is proposed and tested at 75 companies using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with WarpPLS 4.0. The main results show that (a) the proposed framework obtained an adequate statistical adjustment, (b) the internal barriers (IBs...... by showing that companies which are looking for green competitive advantages should try to reduce their IBs. Also, policy-makers should pay attention not only to legislation that promotes ecological modernisation, but also to create a strong set of initiatives to overcome IBs, regardless of the size...

Determinants of Board Interlocking in the Brazilian Capital Market

Directory of Open Access Journals (Sweden)

Flávio Ribeiro

2016-10-01

Full Text Available The objective in this article was to identify the main determinants of Board Interlocking in the Brazilian capital market. As the theoretical structure, the Agency theory and Corporate Governance, the Resource Dependence theory and the Board of Administrators and the Characteristics of Board Interlocking. The sample consists of 58 Brazilian companies that participate in the Bovespa Index (Ibovespa. An empirical analytic study was undertaken. With regard to the objectives, it is characterized as exploratory and, with regard to the procedures, a documentary research was undertaken. The data on the Boards of Administrators were collected from the Reference Forms available on the website of the São Paulo Stock Exchange (BM&FBOVESPA. The results found demonstrate the generalized presence of Board Interlocking in these companies, normally associated with four factors: (1 economic group formation; (2 governmental control; (3 formation of pension funds; and (4 presence of professionals with acknowledged market experience. The results also suggest that the first three factors give rise to long-lasting links and that these connections are hard to break. On the other hand, the links established through professionals with market experience tend to be more unstable because the presence of these professionals is highly demanded to serve on the board of different companies.

76 FR 76153 - Allco Renewable Energy Limited v. Massachusetts Electric Company d/b/a National Grid; Notice of...

Science.gov (United States)

2011-12-06

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. EL12-12-000] Allco Renewable Energy Limited v. Massachusetts Electric Company d/b/a National Grid; Notice of Complaint Take notice... Public Utilities Regulatory Policies Act (PURPA), Allco Renewable Energy Limited filed a formal complaint...

75 FR 26743 - Pacific Gas and Electric Company; Notice of Environmental Site Review and Technical Meetings To...

Science.gov (United States)

2010-05-12

... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Project No. 12779-005] Pacific Gas and Electric Company; Notice of Environmental Site Review and Technical Meetings To Discuss Information and Monitoring Needs for a License Application for a Pilot Project May 5, 2010. a. Type of Application: Draft Pilot License Application. b. Project N...

ELETRONUCLEAR - Annual report - 1997; ELETRONUCLEAR - Relatorio anual - 1997

Energy Technology Data Exchange (ETDEWEB)

NONE

1998-07-01

The annual activities report of 1997 of ELETRONUCLEAR - Brazilian company responsible by the electric power generation from the nuclear technology - introduces the next main topics: company vision and mission; energy production and commercialization; investments in the electric power generation; economic and financial situation; social balancing; and patrimonial balancing.

ELETRONUCLEAR - Annual report - 1997

International Nuclear Information System (INIS)

1998-01-01

The annual activities report of 1997 of ELETRONUCLEAR - Brazilian company responsible by the electric power generation from the nuclear technology - introduces the next main topics: company vision and mission; energy production and commercialization; investments in the electric power generation; economic and financial situation; social balancing; and patrimonial balancing

Financial and economic performance of some Brazilian cellulose and paper companies Desempenho econômico-financeiro de algumas empresas brasileiras de celulose e papel

Directory of Open Access Journals (Sweden)

Alexandre Nascimento de Almeida

2010-06-01

Full Text Available Brazil shows competitive and comparative advantages against others wood producers, mainly in the
pulp and paper segment, because Brazil has technology in wood production with shorts lifecycles due to the
good climate conditions and the quality of the products exported for many countries around the world. However,
in the economical and financial area this advantage is not verified. In reason to the importance of this segment in the Brazilian forest sector the present study had the objective to know the economical and financial situation of six Brazilian pulp and paper companies. The information was obtained with BOVESPA – Sao Paulo State Stock Exchanged by the annual financial balance showed by the companies in the last nine years. Some of the most important economical and financial index was used, like capital profitability. In general, the companies showed a situation of low liquidity and profitability. It was verified an increase of the indebtedness and improvement in the use of the assets in the period. In relation to the operational margin and to the profitability of the equity, the
companies showed similar behaviors along the time.O Brasil apresenta vantagens competitivas e comparativas frente aos demais países produtores de
madeira, principalmente no segmento de celulose e papel, pois apresenta tecnologia na produção de matériaprima com ciclos de produção mais curtos em razão de condições climáticas favoráveis e a qualidade dos produtos exportados para diversas partes do mundo. Porém, na área econômica e financeira, esta vantagem não é constatada. Tendo em vista a importância que este segmento possui dentro do setor florestal brasileiro, o presente estudo busca conhecer a situação econômico-financeira de seis empresas de papel e celulose brasileiras de capital aberto. As informações analisadas foram obtidas junto a Bolsa de Valores do Estado de São Paulo (BOVESPA por meio de balan

EXTERNAL CORPORATE GOVERNANCE MECHANISMS: MERGERS AND ACQUISITIONS ON THE BRAZILIAN MARKET

Directory of Open Access Journals (Sweden)

Mario Augusto Parente Monteiro

2014-08-01

Full Text Available The research aims to answer the following question: What is the effectiveness of mergers and acquisitions in the Brazilian market as external corporate governance mechanism? The main objective of the study is to verify if mergers and acquisitions operations in Brazilian market may act as an external mechanism of corporate governance, replacing managers and, as a consequence of changes in management, improving financial performance. The study is exploratory, qualitative in its approach, supported by documentary research on secondary data concerning an intentional sample of Brazilian companies aiming to identify the effect of M&A operations on the corporate governance structure of the acquired firm and on its financial results. Data obtained on the website of the Brazilian Securities and Exchange Commission (CVM, related to Brazilian M&A operations in the period 2005-2010, were analyzed. Although M&A operations in Brazil were found to have disciplinary nature in our sample of firms in the studied period, our results are inconclusive regarding the effectiveness of these transactions and external governance mechanisms.

Report of the Economy, Sustainable Development and Land Planning Commission aiming at authorizing electricity final user and small companies to go back to the electricity regulated price

International Nuclear Information System (INIS)

2010-01-01

This report first presents the French regulated price system by recalling the legal bases for electricity and natural gas pricing, and by describing the progressive process of the electricity and natural gas market opening in France. It outlines that a reversibility principle has been introduced along with regulated pricing in most of the European Union countries. It also comments the complexity created on this issue by successive laws in France, the consequences of the soon coming law on the new organization of the electricity market. Then, the report comments the proposition which aims at authorizing electricity household users and small companies to go back to the regulated electricity price, thereby perpetuating the reversibility principle, while maintaining a criterion of installed electricity power, including natural gas prices and new consumption sites. A table proposes a comparison between existing texts, the present law project and this Commission proposition

Resolution 147/012. It authorize the Central Libertador / SA aeolian generation company to generate an aeolian electricity source by an electric power generating plant located in Maldonado town 4 AA Catastral section, and the Sistema inerconectado Nacional connection

International Nuclear Information System (INIS)

2012-01-01

This decree authorizes the generation of electricity using aeolian energy as the primary electricity source. This project was presented by the 'Libertador / S.A' aeolian generation company with the proposal to install an electrical plant in Maldonado town. This authorization is according to the Electric Wholesale Market regulation

Brazilian multipurpose reactor

Energy Technology Data Exchange (ETDEWEB)

NONE

2014-07-01

The Brazilian Multipurpose Reactor (RMB) Project is an action of the Federal Government, through the Ministry of Science Technology and Innovation (MCTI) and has its execution under the responsibility of the Brazilian National Nuclear Energy Commission (CNEN). Within the CNEN, the project is coordinated by the Research and Development Directorate (DPD) and developed through research units of this board: Institute of Nuclear Energy Research (IPEN); Nuclear Engineering Institute (IEN); Centre for Development of Nuclear Technology (CDTN); Regional Center of Nuclear Sciences (CRCN-NE); and Institute of Radiation Protection and Dosimetry (IRD). The Navy Technological Center in Sao Paulo (CTMSP) and also the participation of other research centers, universities, laboratories and companies in the nuclear sector are important and strategic partnerships. The conceptual design and the safety analysis of the reactor and main facilities, related to nuclear and environmental licensing, are performed by technicians of the research units of DPD / CNEN. The basic design was contracted to engineering companies as INTERTHECNE from Brazil and INVAP from Argentine. The research units from DPD/CNEN are also responsible for the design verification on all engineering documents developed by the contracted companies. The construction and installation should be performed by specific national companies and international partnerships. The Nuclear Reactor RMB will be a open pool type reactor with maximum power of 30 MW and have the OPAL nuclear reactor of 20 MW, built in Australia and designed by INVAP, as reference. The RMB reactor core will have a 5x5 configuration, consisting of 23 elements fuels (EC) of U{sub 3}Si{sub 2} dispersion-type Al having a density of up to 3.5 gU/cm{sup 3} and enrichment of 19.75% by weight of {sup 23{sup 5}}U. Two positions will be available in the core for materials irradiation devices. The main objectives of the RMB Reactor and the other nuclear and radioactive

Brazilian multipurpose reactor

International Nuclear Information System (INIS)

2014-01-01

The Brazilian Multipurpose Reactor (RMB) Project is an action of the Federal Government, through the Ministry of Science Technology and Innovation (MCTI) and has its execution under the responsibility of the Brazilian National Nuclear Energy Commission (CNEN). Within the CNEN, the project is coordinated by the Research and Development Directorate (DPD) and developed through research units of this board: Institute of Nuclear Energy Research (IPEN); Nuclear Engineering Institute (IEN); Centre for Development of Nuclear Technology (CDTN); Regional Center of Nuclear Sciences (CRCN-NE); and Institute of Radiation Protection and Dosimetry (IRD). The Navy Technological Center in Sao Paulo (CTMSP) and also the participation of other research centers, universities, laboratories and companies in the nuclear sector are important and strategic partnerships. The conceptual design and the safety analysis of the reactor and main facilities, related to nuclear and environmental licensing, are performed by technicians of the research units of DPD / CNEN. The basic design was contracted to engineering companies as INTERTHECNE from Brazil and INVAP from Argentine. The research units from DPD/CNEN are also responsible for the design verification on all engineering documents developed by the contracted companies. The construction and installation should be performed by specific national companies and international partnerships. The Nuclear Reactor RMB will be a open pool type reactor with maximum power of 30 MW and have the OPAL nuclear reactor of 20 MW, built in Australia and designed by INVAP, as reference. The RMB reactor core will have a 5x5 configuration, consisting of 23 elements fuels (EC) of U 3 Si 2 dispersion-type Al having a density of up to 3.5 gU/cm 3 and enrichment of 19.75% by weight of 23 5 U. Two positions will be available in the core for materials irradiation devices. The main objectives of the RMB Reactor and the other nuclear and radioactive facilities are

Knowledge Transfer and Innovation in Brazilian Multinational Companies

Directory of Open Access Journals (Sweden)

Alisson Eduardo Maehler

2011-11-01

Full Text Available The article analyzes how innovation generation occurs in subsidiaries of Brazilian multinational corporations acting in Portugal, specifically the role of customers in the process and the knowledge dynamics. A multiple case study approach was conducted in four subsidiaries operating in the Portuguese market for at least one year. Firms came from different activity sectors and sizes. Results identify permanent knowledge exchange flows between subsidiaries and headquarters, while the largest pour is from the later ones (in Brazil to their wings in Portugal. There are frequent innovations taking place in Portuguese subsidiaries. Such innovation processes are typically incremental in nature and occur predominantly in only some areas of the organization, where greater specialization and expertise are located. The most relevant results regard the existing strong interaction between subsidiaries and markets, especially with the larger customers that contribute with suggestions and are able to influence the new products creation in the subsidiaries.

The Role of Innovation in Internationalization of Brazilian Medium Firms that operate in Information Technology and Communication

Directory of Open Access Journals (Sweden)

Fernanda Ferreira Ribeiro

2011-06-01

Full Text Available The study aimed to examine the role of innovation in the internationalization of Brazilian companies that operate in the medium sector of Information and Communication Technology (ICT. To achieve this goal, we performed a descriptive qualitative research method used and how the study of multiple cases, which were researched in depth and Light Infocon and Dígitro. The main results of the survey revealed companies with different trajectories of internationalization, but whose innovation activities are central to the entry and operations in foreign markets. The results also showed the importance of innovative cooperative activities through alliances with universities, research institutes and other companies, and government support through funding. An additional contribution of this work was the analysis of the internationalization process of Brazilian companies innovative medium-sized sectors with high technological content, since most studies on internationalization in Brazil focuses on large industrial enterprises already established for decades in the national and sectors with low technological intensity.

Hedge Accounting in the Brazilian Stock Market: Effects on the Quality of Accounting Information, Disclosure, and Information Asymmetry

Directory of Open Access Journals (Sweden)

Silas Adolfo Potin

2016-08-01

Full Text Available ABSTRACT This paper investigates, in the Brazilian stock market, the effect of hedge accounting on the quality of financial information, on the disclosure of derivative financial instruments, and on the information asymmetry. To measure the quality of accounting information, relevance metrics of accounting information and book earnings informativeness were used. For executing this research, a general sample was obtained through Brazilian companies, non-financial, listed on the Brazilian Securities, Commodities, and Futures Exchange (BM&FBOVESPA, comprising the 150 companies with highest market value on 01/01/2014. Through the general sample, samples were compiled for applying the econometric models of value relevance, informativeness, disclosure, and information asymmetry. The sample for relevance had 758 companies-years observations within the period from 2008 to 2013; the sample for informativeness had 701 companies-years observations with the period from 2008 to 2013; the sample for disclosure had 100 companies-years observations, within the period from 2011 to 2012; the sample for information asymmetry had 100 companies-years observations, also related to the period from 2011 to 2012. In addition to the econometric models, the propensity score matching method was applied to the analyses of the hedge accounting effect on disclosure and information asymmetry. The evidence found for the influence of hedge accounting indicates a relation: (i positive and significant concerning accounting information relevance and disclosure of derivatives; (ii negative and significant for book earnings informativeness. Regarding information asymmetry, although the coefficients showed up as expected, they were not statistically significant.

Business, Government and Foreign Policy: Brazilian Construction Firms Abroad

Directory of Open Access Journals (Sweden)

Bernardo Frossard Silva Rego

2017-04-01

Full Text Available This article analyses the interaction between Brazilian companies and government in the context of foreign policy, observing the state's support for the internationalization of large Brazilian civil construction firms. The results show that over the years these companies had privileged access to the Federal Executive, including civil service agencies. One consequence of this system of channelling demands through the Executive was to demote the Legislative branch to a secondary role. This pattern of interaction changed following the restoration of Congress's decision-making capacity, prompting the sector to diversify its areas of influence, focusing in particular on the Congress. To expand internationally, construction firms interact with the government primarily through the Executive, specifically via the Ministry of Foreign Affairs (Itamaraty, which provides technical and diplomatic support, and the Banco Nacional de Desenvolvimento Econômico, which supplies funding. The main argument of this article is that foreign policy should be examined through the relations between state and non-state actors in a multitude of decision-making arenas, taking into consideration both domestic and international factors.

Expansion planning of brazilian electric sector: institutional changes, new policies and new instruments for planning

International Nuclear Information System (INIS)

Bajay, S.V.; Silva, W.A. da; Ricciulli, D.L.S.

1990-01-01

The Brazilian power supply industry has been in crisis for many years, particularly due to financial and institutional problems. There are many reasons for that, several of them from outside the industry. In this paper a diagnosis of the main elements of this crisis is worked out, in the context of the industry's expansion planning. Following, institutional changes, new policies and new instruments are proposed for this planning. The institutional setting, the demand studies, the demand side management, the supply optimisation, the rural electrification, the decentralized generation of electricity, the tariff structure, the ways of financing the industry, the technological advances, the social and environmental impacts and the integrated planning of the industry are discussed, together with the planning of the power supply industry interactions with the other energy supply industries and the rest of the economy. (author)

Energy commercialization in the new environment of the Brazilian electric power sector. A methodology for production allocation strategies analysis; Comercializacao de energia no novo ambiente do setor eletrico brasileiro. Uma metodologia para analise de estrategias de alocacao da producao

Energy Technology Data Exchange (ETDEWEB)

Ramos, Dorel Soares [Companhia Energetica de Sao Paulo (CESP), SP (Brazil)]. E-mail: dorelam@cesp.com.br; Lima, Wagner da Silva [Sao Paulo Univ., SP (Brazil). Escola Politecnica]. E-mail: wagner@pea.usp.br; Castro, Roberto [ELEKTRO - Eletricidade e Servicos S.A., Sao Paulo, SP (Brazil)]. E-mail: castro@mt2net.com.br

1999-07-01

The restructuring of the Brazilian Electric Sector has modified the rules for purchase and sale of energy, resulting in the creation of the Wholesale Energy Market. In this new context, the decision of the exposure level to the spot market price and the purchase of energy through bilateral contracts becomes so much a strategic variable for consumers or dealers, as for hydro and thermal generators. This work presents a methodology for planning of energy commercialization envisaging purchase and sale energy opportunities provided by the new Regulatory Framework of the Brazilian Electric Sector. (author)

The stagnation of electric system expansion

International Nuclear Information System (INIS)

Santos, A.M. dos

1989-01-01

The main works in the Brazilian electric sector in 1988 is presented, mentioning the fault of financier resources. The electric power tariffs by a real economical cost are also cited, allowing some advantages that can resolve the investment problem in the electric power expansion. (author)

Comparability of Accounting Choices in Future Valuation of Investment Properties: An Analysis of Brazilian and Portuguese Listed Companies

Directory of Open Access Journals (Sweden)

Flaida Êmine Alves de Souza

2015-08-01

Full Text Available One of the main purposes for adopting the International Financial Reporting Standards (IFRS is the quest for comparability between financial statements within the same country, over time, and between different countries. IFRS have the feature of allowing accounting choices in most of their standards. However, the existence of such flexibility in the process for recognizing, measuring, and disclosing as sets and liabilities may impact on comparability. IFRS have been criticized both due to their accounting choices and the adoption of the fair value paradigm. This article examines these two issues, investigating the choice of the cost model versus the choice of the fair value model for investment properties (IPs, an option guaranteed under the terms of the International Accounting Standard (IAS 40. This research aimed to identify the comparability degree and the factors that determine the accounting choices made by managers of IPs, in Brazilian and Portuguese listed companies, within the periods from 2010 to 2012. Comparability, within and between countries, was identified by the T-index and the search for the determining factors of accounting choices made by managers was performed by means of a logistic re gression analysis. As a result, it was found that, despite the accounting choices allowed by IAS 40, there was a mean comparability between the accounting practices of firms in these countries, but showing a decrease in the index over the years. The explanatory factors identified were auditing by one of the big four (PricewaterhouseCoopers, Deloitte Touche Tohmatsu, KPMG, or Ernst & Young, companies' indeb tedness, relative importance of IPs' balance, net profit, and less experience of Brazil in using the fair value method to appraise IPs.

A Project Strategic Index proposal for portfolio selection in electrical company based on the Analytic Network Process

Energy Technology Data Exchange (ETDEWEB)

Smith-Perera, Aida [Universidad Metropolitana de Caracas, Departamento de Gestion Tecnologica, Caracas 1071, Edo Miranda (Venezuela); Garcia-Melon, Monica; Poveda-Bautista, Rocio; Pastor-Ferrando, Juan-Pascual [Universidad Politecnica de Valencia, Departamento de Proyectos de Ingenieria, Camino de vera s/n 46022 Valencia (Spain)

2010-08-15

In this paper a new approach to prioritize project portfolio in an efficient and reliable way is presented. It is based on strategic objectives of the company and multicriteria decision methods. The paper introduces a rigorous method with acceptable complexity which seeks to assist managers of a big Electrical Company of Venezuela to distribute the annual budget among the possible improvement actions to be conducted on the electrical network of Caracas. A total of 15 network improvement actions grouped into three clusters according to the strategic objectives of the company have been analyzed using the Project Strategic Index (PSI) proposed. The approach combines the use of the Analytic Network Process (ANP) method with the information obtained from the experts during the decision-making process. The ANP method allows the aggregation of the experts' judgments on each of the indicators used into one Project Strategic Index. In addition, ANP is based on utility ratio functions which are the most appropriate for the analysis of uncertain data, like experts' estimations. Finally, unlike the other multicriteria techniques, ANP allows the decision problem to be modelled using the relationships among dependent criteria. The participating experts coincided in the appreciation that the method proposed in this paper is useful and an improvement from traditional budget distribution techniques. They find the results obtained coherent, the process seems sufficiently rigorous and precise, and the use of resources is significantly less than in other methods. (author)

A Project Strategic Index proposal for portfolio selection in electrical company based on the Analytic Network Process

International Nuclear Information System (INIS)

Smith-Perera, Aida; Garcia-Melon, Monica; Poveda-Bautista, Rocio; Pastor-Ferrando, Juan-Pascual

2010-01-01

In this paper a new approach to prioritize project portfolio in an efficient and reliable way is presented. It is based on strategic objectives of the company and multicriteria decision methods. The paper introduces a rigorous method with acceptable complexity which seeks to assist managers of a big Electrical Company of Venezuela to distribute the annual budget among the possible improvement actions to be conducted on the electrical network of Caracas. A total of 15 network improvement actions grouped into three clusters according to the strategic objectives of the company have been analyzed using the Project Strategic Index (PSI) proposed. The approach combines the use of the Analytic Network Process (ANP) method with the information obtained from the experts during the decision-making process. The ANP method allows the aggregation of the experts' judgments on each of the indicators used into one Project Strategic Index. In addition, ANP is based on utility ratio functions which are the most appropriate for the analysis of uncertain data, like experts' estimations. Finally, unlike the other multicriteria techniques, ANP allows the decision problem to be modelled using the relationships among dependent criteria. The participating experts coincided in the appreciation that the method proposed in this paper is useful and an improvement from traditional budget distribution techniques. They find the results obtained coherent, the process seems sufficiently rigorous and precise, and the use of resources is significantly less than in other methods. (author)

Implementação de programas de qualidade: um survey em empresas de grande porte no Brasil Implementation of quality programs: a survey in large size Brazilian companies

Directory of Open Access Journals (Sweden)

Silvia Helena Boarin Pinto

2006-05-01

Full Text Available O objetivo deste trabalho é identificar os principais aspectos da implementação dos programas de qualidade em empresas brasileiras, a partir dos modelos mais difundidos e implementados como a certificação de sistemas de qualidade nas normas ISO 9000, o Seis Sigma e o Total Quality Management (TQM, fazendo uma análise comparativa e crítica de sua adoção pelas organizações e estudando as relações existentes entre eles, a complementaridade e as redundâncias. O tema é extremamente relevante no cenário atual, em que as companhias investem quantias significativas em diversos programas de melhoria da qualidade e possuem enormes dificuldades para avaliar o impacto estratégico, bem como o respectivo valor agregado. A metodologia adotou elementos da análise quantitativa, isto é, uma pesquisa do tipo survey. O universo para a coleta de dados foi extraído da relação "Ranking Valor 1.000", que contém as 1.000 maiores empresas brasileiras, publicadas no anuário do jornal "Valor Econômico", ano-base de 2004, partindo-se do pressuposto de que, nestas empresas, estarão os embriões dos modelos emergentes de gestão da qualidade. Posteriormente, as respostas obtidas por meio de questionários foram analisadas com o auxílio de um programa estatístico. A análise concluiu que as empresas que implantaram o programa Seis Sigma são as de maior tradição em qualidade, ou seja, adotaram outros programas anteriormente; as organizações que mais investiram em qualidade, pela adoção de programas, obtiveram sucesso nos indicadores de desempenho; e as principais causas do insucesso dos programas de qualidade ISO 9000, Seis Sigma e TQM nas organizações analisadas foram a escassez de recursos financeiros para a correta implantação e o frágil apoio da direção da empresa.This research aims to identify the main trends in the implementation of Quality Programs in Brazilian companies and is based on the most widely known and implemented

IT support of commercial-production companies

International Nuclear Information System (INIS)

Hroch, A.

2004-01-01

Slovak electricity sector was built from sixties like common entity what can use synergic effects. In the 2002 reorganisation was done, there were created independent joint stock company. There were published new legislative acts, which opened Slovak electricity market for competition. The companies have to change their mine because a business is priority No. 1. Slovenske elektrarne, joint-stock company is under transformation process to build procedural guided trade-production company. As joint project is prepared a new system to control business in to a trading floor, including a risk management, which have to be supported by technological and information tools together with planing, scheduling, directing and controlling of the operation. The all system includes standard modules that fulfil their specific functions. (author)

Nuclear energy generation and the safety criteria for Brazilian power plants

International Nuclear Information System (INIS)

Silva, Gustavo Brandão e

2016-01-01

The purpose of this paper is to show how the use of nuclear technology can help to diversify the national electricity matrix in a sustainable and efficient way. For this, an analysis of the current situation of the Brazilian electric sector will be made, exposing its fragilities and highlighting the advantages of the nuclear source as an alternative to integrate the necessary thermoelectric base to the reliable supply of electricity in the country. In addition, the objective of the work is to detail the process of exploiting atomic energy in Brazil from raw material mining, through the stages involving the manufacture of nuclear fuel, to the current operation and situation of Brazilian power plants. By taking the Angra 2 Nuclear Power Plant as a case study, the safety criteria adopted in its design and operation will be highlighted. Particular attention will also be given to the electric supply alternatives and to the active safety systems of the plant

Zenn Motor Company

Energy Technology Data Exchange (ETDEWEB)

Clifford, I. [Zenn Motor Company, Toronto, ON (Canada)

2010-07-01

Zenn Motor company is a leader in the electric vehicle space and builds and markets a low speed vehicle known as the zero emission, no noise (ZENN). This presentation provided background information on the Zenn Motor Company as well as on EEStor, a company that develops four-wheeled vehicles and that is seeking partners to fund the development for a modified barium titanate-based ultracapacitor. In 2004, ZENN entered into a technology agreement with EEStor that secured certain exclusive and non-exclusive rights to purchase and deploy EEStor's EESU technology as part of its ZENNergy solutions in several markets, including exclusive rights for new four-passenger vehicles with a curb weight of up to 1,400 kilograms; exclusive rights for the neighbourhood electric vehicles (NEV) and golf carts market; exclusive rights for utility vehicles; and exclusive rights for the aftermarket conversion to ZENNergy of any four-wheeled vehicles. The presentation also addressed ZENNergy and the art of integrating high energy drive solutions. Lessons learned and EEStor's technology attributes were discussed. A hypothetical case study was also offered. The presentation concluded with a discussion of EEStor technology status and opportunity horizons. It was concluded that a better battery is needed to enable the mass adoption of electric vehicles. tabs.

Relative Pricing of Publicly Traded U.S. Electric Utility Companies

Science.gov (United States)

Jewczyn, Nicholas Stephen

In the financial turmoil of 2008, U.S. firms reported debt-ratios that differed from the debt-ratios calculated from balance sheets. The problem is that investors bought common stock expecting initial investment return and lost money when companies delisted. The purpose of this quantitative study was to determine sample securities pricing with the application of synthetic assets and debt accrued. Addressed in the research questions was whether those securities were (a) underpriced compared with return-on-assets (ROA), (b) overpriced compared with ROA, (c) a debt-ratio higher than 60% and also overpriced, (d) underpriced with a synthetic asset added, or (e) related by relative pricing to variant pricing and market capitalization. The study's base theory was Pan's efficient market hypothesis (EMH) of security price prediction of market prices versus model prices. The data from the financial statements of 16 publicly traded U.S. electric utility companies were analyzed via correlations and multiple regression analyses to determine securities pricing and suitability. The findings from the analyses of the sample's variables of market price, book value, market-to-book, and study constructed variables from those variable data were statistically significant. The alternate hypotheses were accepted for all 5 research questions since the analytical operationalization of the hypothetical constructs led to significant relationships. Results suggest that the use of more pricing determinants in securities evaluation may lead to investors losing less money and earning the expected returns for a more efficient capital market, leading to a stronger economy and macroeconomic stability.

New products made with lignocellulosic nanofibers from Brazilian amazon forest

International Nuclear Information System (INIS)

Bufalino, L; Mendes, L M; Tonoli, G H D; Fonseca, A; Rodrigues, A; Cunha, P I; Marconcini, J M

2014-01-01

The biodiversity of the Amazon forest is undoubtedly rich; hence there is considerable variety of plant fibers regarding their morphological, chemical and structural properties. The legal exploration of the Brazilian Amazon is based on sustainable management techniques, but the generation of a relevant amount of plant wastes still cant be avoided. The correct destination of such materials is a challenge that Brazilian companies have to face. In this context, the National Council of Science and Technology (CNPq) promoted the creation of investigation nets on sustainability of Brazilian agribusiness. The Brazilian Net on Lignocellulosic Composites and Nanocomposites was then created, with partnership between several national and international research institutions. Until the moment, the results showed that Amazon plant fibers that are discarded as residues have great potential to nanofiber production. Nanopapers with considerable high mechanical and physical strength, proper opacity and great crystalline index were produced by using a clean and simple mechanical method. Those materials are candidates to several uses such as packaging, substrates transparent conductive films, gas barrier films, solar cells and e-papers

New products made with lignocellulosic nanofibers from Brazilian amazon forest

Science.gov (United States)

Bufalino, L.; Mendes, L. M.; Tonoli, G. H. D.; Rodrigues, A.; Fonseca, A.; Cunha, P. I.; Marconcini, J. M.

2014-08-01

The biodiversity of the Amazon forest is undoubtedly rich; hence there is considerable variety of plant fibers regarding their morphological, chemical and structural properties. The legal exploration of the Brazilian Amazon is based on sustainable management techniques, but the generation of a relevant amount of plant wastes still cant be avoided. The correct destination of such materials is a challenge that Brazilian companies have to face. In this context, the National Council of Science and Technology (CNPq) promoted the creation of investigation nets on sustainability of Brazilian agribusiness. The Brazilian Net on Lignocellulosic Composites and Nanocomposites was then created, with partnership between several national and international research institutions. Until the moment, the results showed that Amazon plant fibers that are discarded as residues have great potential to nanofiber production. Nanopapers with considerable high mechanical and physical strength, proper opacity and great crystalline index were produced by using a clean and simple mechanical method. Those materials are candidates to several uses such as packaging, substrates transparent conductive films, gas barrier films, solar cells and e-papers.

Economical and strategical aspects of Brazilian-Germany nuclear agreement

International Nuclear Information System (INIS)

Carvalho, J.F. de.

1981-01-01

The strategical and economical aspects of Brazilian-Germany nuclear agreement are analyzed in three aspects: 1) The nuclear agreement in the context of the Brazilian economic - and social development process, considering the availability of energetic resouces of the country. Political implications. Considerations about creation and transfer of technology. 2) The economy aspects involved in the agreement. Comparison costs of electrical energy generated in a nuclear power plants and hydroelectric plant in Brazil. Impacts on the industrial development. 3) Strategical aspects. (E.G.) [pt

Effectiveness of business strategies in Brazilian textile industry

Directory of Open Access Journals (Sweden)

Paulo César de Sousa Batista

2016-06-01

Full Text Available ABSTRACT This research analyses how the interaction between strategy capabilities, strategy types, strategy formulation quality and implementation capability affect organizational performance in Brazilian textiles companies. This article proposes and tests a conceptual framework, using a structural equation modeling of a set of 211 valid questionnaires on Brazilian textiles firms. The results support links between focus strategy and marketing capabilities, and between cost leadership strategy and management capabilities. However, the relationship between technologic capabilities and differentiation strategy was not statistically significant. The existence of an inter-relationship between generic strategies of focus, cost leadership and differentiation indicates the use of combined strategies. Concerning the firms' financial performance, the results show that management capability and market performance have a statistically significant relationship with financial performance.

MARKET AND TECHNICAL CAPABILITIES IN ASSOCIATED BUSINESS DEVELOPMENT OF BRAZILIAN COMPANY

OpenAIRE

Aguiar, Helder de Souza; Nascimento, Paulo Tromboni de Souza; YU, Abraham Sin Oih

2016-01-01

The study examines the fuzzy front end of the largest Brazilian socks manufacturer when its managers decided to diversify their business. At the time, further growth possibilities were stagnant and the option to increase earnings was to develop a new product platform to support a new business. This paper aims to analyze and understand the content of the decision making that led to the development of new sporting goods platform, brand and franchise. The company’s existing capabilities were tak...

75 FR 75704 - Pacific Gas and Electric Company (Diablo Canyon Nuclear Power Plant, Units 1 And 2); Notice of...

Science.gov (United States)

2010-12-06

... NUCLEAR REGULATORY COMMISSION [Docket Nos. 50-275-LR; 50-323-LR] Pacific Gas and Electric Company (Diablo Canyon Nuclear Power Plant, Units 1 And 2); Notice of Appointment of Adjudicatory Employee... Seismologist, Office of Nuclear Material Safety and Safeguards, has been appointed as a Commission adjudicatory...

Drivers of international performance of Brazilian technology-based firms

Directory of Open Access Journals (Sweden)

Maria Carolina Serpa Fagundes de Oliveira

2018-01-01

Full Text Available For Technology-Based Firms, international expansion represents an opportunity for growth and value creation. The present study was designed to analyze the role of technology-based companies (TBCs internationalization drivers on international performance. Therefore, a descriptive research was carried out with a quantitative approach performed through a survey. Data collection happened with 53 Brazilian TBCs located in innovation habitats. These data were analyzed by multivariate statistical technique. The results showed that the determinants of the international performance of Brazilian TBCs, can be set by external influencers (localization in innovation habitats, integration into global productive chains, partnerships and strategic alliances for innovation and government policies and internal influencers (innovation capability, international market orientation and international marketing skills.

INTERNATIONALIZATION STRATEGIES OF THE BRAZILIAN MEAT AGRIBUSINESS SECTOR: EXPORTS OR DIRECT INVESTMENT ABROAD?

Directory of Open Access Journals (Sweden)

Eva Stal

2010-11-01

Full Text Available The article analyzes the internationalization strategies of the four largest Brazilian companies in the meat (beef, pork and poultry agribusiness sector, by considering the comparative and competitive advantages of the country and the companies. JBS, Marfrig, Sadia and Perdigão were studied, of which the last two merged in May 2009, forming Brasil Foods. The authors looked into what led these companies to start investing  abroad directly, as from 2005, as a complement to their exports, the preferred strategy for placing products in foreign markets. The research method used was the multiple case study, drawing on primary data (interviews, corporate annual reports, financial statements, press releases and shareholder information and secondary data (theses, dissertations, academic articles, reports in newspapers and business journals, using bibliographic and documentary research. Everything was analyzed in the light of international business and strategy theories. The results show that exports still predominate and that investing directly abroad was, in principle, a reactive strategy to sanitary barriers against Brazilian products. However, the acquisition of companies in restriction-free countries has increased as part of a forward-looking strategy for gaining access to new markets and strengthening brands. Key-words: Agribusiness. Internationalization. Strategy. 

Competitiveness in the Brazilian oil industry. The Brazilian 'oil diamond'

International Nuclear Information System (INIS)

Zamith, R.; Moutinho Dos Santos, E.

2000-01-01

It is recognized the economic benefits that might follow the opening process of the Brazilian oil and natural gas industry, which shall experience a fast expansion with the arrival of national and international private investors. However, we should not neglect the broader impact of this process on the future development of all that cluster of national agents that lived around and served the former national oil monopoly, managed by the Brazilian National Oil Company, Petrobras. This work focuses on this larger perspective, discussing about the capacity of Brazil to sustain and expand its competitiveness in the oil business as well as to obtain the maximum economic development from the exploration of its oil and gas reserves. We adopt the work of Michael Porter, from the University of Harvard, about the Competitive Advantage of Nations, as a theoretical model to analyze the Competitive Advantage of Brazil in the global oil industry. By introducing the concept of ''oil diamond'', adapted from the notion introduced by this author, we develop a new understanding of national competitiveness in the oil sector. In this paper, we present the general model as well as a brief characterization of the results found for Brazil Subsequently, we focus on just one leg of the model, for which we discuss, with more detail, about the competitive condition of the country in the opening-up scenario. This leg regards the so-called supporting and supplementary industries that constitute what is denominated in the French tradition the ''para petroleum'' industry. We analyze the conditions for the Brazilian domestic ''para petroleum industry'' to survive and grow in the new competitive environment. (authors)

Brazilian energy statistics - 1993. Annual bulletin of the Brazilian Committee of the World Energy Council

International Nuclear Information System (INIS)

1993-01-01

This bulletin deals with the primary sources that carry most weight in the Brazilian energy balance: hydraulic energy, petroleum, natural gas and coal. It contains data on ethyl alcohol derived from sugar cane since it is of special importance in Brazil's energy scenario. Some aspects about the opening or closing of the oil sector are also analysed, including the petroleum and petroleum products business; oil consumption issue; share of energy sources in world scenarios for the year 2020; reserves; prices and investments and the vulnerability of private companies. 12 figs., 16 tabs

Electricity supply

International Nuclear Information System (INIS)

Rezendes, V.S.

1991-10-01

This report focuses on the Securities and Exchange Commission's (SEC) administration of the Public Utility Holding Company Act of 1935, intended to protect the public, investors, and consumers from abuses associated with the control of electric and gas utility companies through the holding company structure. These abuses include subjecting subsidiary utilities to excessive charges for services, construction work, and materials; frustrating effective state regulation through the holding company structure; and overloading subsidiary utilities with debt to prevent voluntary rate reductions. GAO discusses industry changes during the past decade involving electric utility holding companies; SEC's regulatory response to such changes; and the relationship between SEC, the Federal Energy Regulatory Commission, and states in protecting consumer and investor interests in light of these changes

Leadership Style and Organizational Performance: a Comparative Description of Two Companies

Directory of Open Access Journals (Sweden)

Patrícia Amélia Tomei

2016-04-01

Full Text Available This work analyzed leadership styles and organizational performance comparing two small Brazilian family-owned companies using a mixed-method quantitative and qualitative approach. Qualitative data were collected by means of interviews conducted with the respective company leaders about the history of the organization, the role of founders, and company mission, vision, values and organizational strategies. Quantitative data were collected by means of questionnaires applied to subordinates to identify the leadership style prevalent in the companies and business performance. Results showed that both leaders posssess transactional leadership characteristics, but only the leader of company B has some transformational leadership characteristics. Company A's performance stood out only with respect to marketing and financial results, revealing an unsatisfactory organizational climate, while company B showed satisfactory results with respect to all measures of performance. The comparative study of the two cases revealed that transactional leadership influences organizational efficiency while transformational leadership favors effectiveness and the achievement of tangible and intangible returns for the company.

Slovak Electric, Plc., 1997

International Nuclear Information System (INIS)

1997-06-01

Slovenske elektrarne, a.s. (Slovak Electric, Plc.) was established on November 1, 1994 as one entity among new entities created as successors to the former Slovensky energeticky podnik. The subject activity is the generation of electric power, operation of transmission 220 kV and 400 kV systems, transit, import, export, and sales of electric power. Besides these activities the company deals with generation, distribution, and sales of heat. The company operates one nuclear power station, three thermal power plants, and thirty hydro power plants. One nuclear Power plant is under construction (state up tu June 1997). On this CD ROM next chapters are presented: (1) The structure of the company; (2) The production Units; (3) The economic power of the company; (4) The operation culture of the company; (5) The strategic plans of the company

Interaction in the large energetic companies in the Republic of Macedonia

International Nuclear Information System (INIS)

Janevski, Risto

1999-01-01

After disintegration of former power energetic system of Yugoslavia 1991, the Republic of Macedonia has faced enormous problems in the energetic field. It was necessary to realize all options in order to secure enough electric power for normal economic capacities function. In that course a direct involvement of five large companies, which represent very significant energetic subjects, will largely determine the future energetic conditions and circumstances in our country. These are the following companies: P.E. Electric Power Company Of Macedonia; OKTA Crude Oil Refinery; Heat Power Company; HEK Jugohrom; Fenimak. The paper presents the electric power consumption of these macro energetic companies during the period 1991-1998

Investments in the Brazilian electric sector and the financial crisis

International Nuclear Information System (INIS)

Vela, Jorge Alberto Alcala; Oliveira, Andre Luis Cantuaria Cardoso

2010-01-01

The electricity sector in addition to being a public utility, requires a substantial investment, explore natural resources and the basis of all production chains and consumption of our society. The dynamics of this sector goes beyond the individual performance of energy companies and will also interfere in matters of political, economic, social and environmental development of nations. The lack of sophistication and low level of development in credit derivatives financial systems in Brazil, both as a healthy situation of the accounts and balance sheets, the fruit of bitter experience in past crises are allowing a better resistance to weather the current crisis. But it is an important trading partner of Brazil, through various business financial economic crises that is affecting the U.S. economy and the world has also affected the economy of our country, but with less intensity. The econometric model used to study the investment to be initiated in 2010 by ELETROBRAS meets a correlation acceptable; this demonstrates that a well dependence exists between power and investment to the projects to be implemented. (author)

Validity and reliability of the Brazilian version of the Work Ability Index questionnaire.

Science.gov (United States)

Martinez, Maria Carmen; Latorre, Maria do Rosário Dias de Oliveira; Fischer, Frida Marina

2009-06-01

To evaluate the validity and reliability of the Portuguese language version of a work ability index. Cross sectional survey of a sample of 475 workers from an electrical company in the state of Sao Paulo, Southeastern Brazil (spread across ten municipalities in the Campinas area), carried out in 2005. The following aspects of the Brazilian version of the Work Ability Index were evaluated: construct validity, using factorial exploratory analysis, and discriminant capacity, by comparing mean Work Ability Index scores in two groups with different absenteeism levels; criterion validity, by determining the correlation between self-reported health and Work Ability Index score; and reliability, using Cronbach's alpha to determine the internal consistency of the questionnaire. Factorial analysis indicated three factors in the work ability construct: issues pertaining to 'mental resources' (20.6% of the variance), self-perceived work ability (18.9% of the variance), and presence of diseases and health-related limitations (18.4% of the variance). The index was capable of discriminating workers according to levels of absenteeism, identifying a significantly lower (pindex and all dimensions of health status analyzed (pindex was high, with a Cronbach's alpha of 0.72. The Brazilian version of the Work Ability Index showed satisfactory psychometric properties with respect to construct validity, thus constituting an appropriate option for evaluating work ability in both individual and population-based settings.

RELATIONSHIP BETWEEN WORKING CAPITAL MANAGEMENT AND PROFITABILITY IN BRAZILIAN LISTED COMPANIES

OpenAIRE

Prof. Dr. Hong Yuh Ching; Prof. MSc. Ayrton Novazzi; Prof. Dr. Fábio Gerab

2011-01-01

To overcome competition in a very complex environment, few companies have been able to use the optimization of working capital as a real competitive advantage to leverage profit. The objectives of this article are twofold: a) to investigate if there is any difference between corporate profitability and working capital management in two separate groups of companies: working capital intensive and fixed capital intensive; b) to identify the variables that most affect profitability. The profitabi...

Influences of economic development in the Brazilian energy efficiency projects

Directory of Open Access Journals (Sweden)

Javier Cárcel Carrasco

2012-09-01

Full Text Available This work has as main goal to present some of the issues regarding the effects of the Brazilian economy in the effectiveness of national energy efficiency projects in order to provide some guidelines for optimizing the energy saving actions. The replacement of traditional electric motors with high efficiency motors has been considered, or that brings innovation and increases the need to search for new technologies for Brazilian industries. We must consider whether this new paradigm requires a strong federal government's investment in Brazil in order to allow the implementation of energy efficiency programs, mainly in small and medium industries. This document is divided into three main parts. The first part deals with some aspects of the economic crisis. The second presents the most important data of the National Electricity Conservation (PROCEL and Energy Efficiency Program of the ANEEL (National Electric Energy Agency. The third shows data on Small and Medium Industries and how their energy efficiency programs were affected.

Exergy and environmental comparison of the end use of vehicle fuels: The Brazilian case

International Nuclear Information System (INIS)

Flórez-Orrego, Daniel; Silva, Julio A.M.; Oliveira Jr, Silvio de

2015-01-01

Highlights: • Total and non-renewable exergy costs of Brazilian transportation service are evaluated. • Specific CO 2 emissions of the Brazilian transportation service are determined. • Overall exergy efficiency of the end use of vehicle fuels in transportation sector is calculated. • A comparative extended analysis of the production and end use of transportation fuels is presented. - Abstract: In this work, a comparative exergy and environmental analysis of the vehicle fuel end use is presented. This analysis comprises petroleum and natural gas derivatives (including hydrogen), biofuels (ethanol and biodiesel), and their mixtures, besides of the electricity generated in the Brazilian electricity mix, intended to be used in plug in electric vehicles. The renewable and non-renewable unit exergy costs and CO 2 emission cost are proposed as suitable indicators for assessing the renewable exergy consumption intensity and the environmental impact, and for quantifying the thermodynamic performance of the transportation sector. This allows ranking the energy conversion processes along the vehicle fuels production routes and their end use, so that the best options for the transportation sector can be determined and better energy policies may be issued. It is found that if a drastic CO 2 emissions abatement of the sector is pursued, a more intensive utilization of ethanol in the Brazilian transportation sector mix is advisable. However, as the overall exergy conversion efficiency of the sugar cane industry is still very low, which increases the unit exergy cost of ethanol, better production and end use technologies are required. Nonetheless, with the current scenario of a predominantly renewable Brazilian electricity mix, based on more than 80% of renewable sources, this source consolidates as the most promising energy source to reduce the large amount of greenhouse gas emissions which transportation sector is responsible for

Is Industry-University Interaction Promoting Innovation in the Brazilian Pharmaceutical Industry?

Science.gov (United States)

Paranhos, Julia; Hasenclever, Lia

2011-01-01

This paper analyses industry-university interaction and its characteristics in the Brazilian pharmaceutical system of innovation, taking account of the relevance of company strategies, the approach of the universities and the actions of government. By analysing primary and secondary data the authors show that, for as long as corporate investment…

17 CFR 250.7 - Companies deemed not to be electric or gas utility companies.

Science.gov (United States)

2010-04-01

... status afforded by paragraph (b)(1) of this section, any such company shall file with this Commission a... a statement of receipts and expenditures for such year and of financial status at its end. (3) As a prerequisite to retaining the status afforded by paragraph (b)(1) of this section, any such company shall...

Scottish Nuclear, the company

International Nuclear Information System (INIS)

Yeomans, R.M.

1991-01-01

A former chief executive of Scottish Nuclear, formed when United Kingdom electricity generation was privatized, describes the financial viability of the company and considers the future of nuclear power. Scottish Nuclear owns and operates the Advanced Gas Cooled (AGR) and Magnox reactors at Hunterston and the AGR reactor at Torness and is a separate company from those dealing with hydro-electric and non-nuclear generation of electricity. Costs of running the reactors is identified as a proportion of the whole for certain key issues such as station costs, depreciation, decommissioning and insurance. While nuclear power generation using outmoded Magnox reactors is costly, the ecological cost of global warming is seen as more of a problem. Future policy for nuclear power in Scotland must include new plant, probably pressurized water reactors and a clear policy of safety enhancement. (UK)

The influence of Goiania radiological accident on Brazilian public opinion concerning new nuclear electric plants; A influencia do acidente radiologico de Goiania na aceitacao publica de novas usinas nucleoeletricas

Energy Technology Data Exchange (ETDEWEB)

Meldonian, Nelson Leon; Mattos, Luis Antonio Terribile de [Instituto de Pesquisas Energeticas e Nucleares (IPEN), Sao Paulo, SP (Brazil). Grupo de Energia e Ambiente

1997-12-31

The Brazilian society is against applications of nuclear energy, mainly respecting to construction of new nuclear power plants, believing that they are harmful to population`s welfare and the environment. By this reason, Brazilian nuclear sector would promote a more intensive program of public discussion, not limited to technical and scientific community. Intending to contribute to a better judgment by society about the differences between diverse employment of nuclear energy, arguments concerned to its benefits are presented, pointing out that adverse accounts to nuclear electricity based on Goiania radiological accident, are not justified 10 refs., 5 tabs.; e-mail: meldonia at net.ipen.br

Reverse Transfers of Innovation and National Development: Evidence from Brazilian Subsidiaries

Directory of Open Access Journals (Sweden)

Maitê Alves Bezerra

2015-12-01

Full Text Available The search for innovation has become an important motivation for the internationalization of companies in emerging countries. In that context, this study tests the impact that a nation’s development has on whether subsidiaries transfer innovation of products or that of processes. Survey data collected from 73 subsidiaries of Brazilian companies indicate that companies located in developed markets tend to transfer more product-oriented innovations than do those based in emerging countries. Furthermore, the size and age of a subsidiary has an impact on the transfer process. The larger and younger the subsidiary, the more likely a company is to favor the flow of product innovation into its headquarters. The level of national development was not identified as an influence on the flow of process innovation.

A study of the contract terms offered by the regional electricity companies to generators of renewable energy outside the NFFO

International Nuclear Information System (INIS)

Williams, N.C.; Limbrick, A.J.

1996-01-01

The aim of this study was to review the terms and conditions of contract for the purchase of renewable energy currently offered by the Regional Electricity Companies (RECs) outside the Non-Fossil Fuel Obligation (NFFO), through consultation with electricity generators. It focused on projects contracted under the first and second tranches of the NFFO, and those which have been developed outside this support mechanism (both renewable and fossil-fuelled), but which are characterised by being ''embedded'' in the RECs' distribution networks. (UK)

INITIAL PUBLIC OFFERING AND PERFORMANCE OF BRAZILIAN FIRMS

Directory of Open Access Journals (Sweden)

Teresa Rodriguez Cao

2016-07-01

Full Text Available This paper investigates changes in long-term operational and financial performance for a sample of Brazilian companies made initial public offerings (IPO's shares, in the period 2002-2008. This period showed a historically high number of IPOs, a heavily discontinued phenomenon with the international financial crisis of 2008. As performance measures were chosen six financial indicators usually adopted in the literature in periods of three years pre-IPO, year of listing and three years post-IPO. The indicators evaluated were size, growth rate, profitability, financial leverage, investment level and investment rate. The results show evidence that, on average, there were statistically significant improvements in size, profitability, investment level and investment rate. But there was no evidence statistically significant changes in the growth rate and financial leverage after the IPO of Brazilian firms.

Drivers of human resource management competences development in Brazilian multinational subsidiaries: a multilevel research

Directory of Open Access Journals (Sweden)

Germano Glufke Reis

2014-09-01

Full Text Available This article aims to verify the factors associated with the development of human resource management (HRM competences in foreign subsidiaries of Brazilian multinationals. These competences are essential in that they allow foreign units to adopt HRM practices that are consistent with the countries or markets in which they operate. A multilevel research was conducted, involving headquarters and subsidiaries of major Brazilian companies; the empirical analysis employed hierarchical linear modelling. Despite the recurrent debate on global standardisation versus local adaptation, it was identified that the integration of international HRM policies (addressing simultaneously global guidelines and local response may stimulate competences development. In addition, interaction in external networks in the host country may enhance the development of HRM competences in the subsidiaries. However, specific cultural factors of the company may inhibit development activity in units abroad.

Photovoltaic systems connected to electric power like distributed generators: the recent situation at the PVPS-IEA and at the Brazilian scenario; Sistemas fotovoltaicos conectados a rede eletrica como geradores distribuidos: a situacao recente no PVPS-IEA e no cenario brasileiro

Energy Technology Data Exchange (ETDEWEB)

Quaglia, Renato Brito; Oliveira, Sergio Henrique Ferreira de [Universidade Federal do ABC (UFABC), Santo Andre, SP (Brazil). Centro de Engenharia, Modelagem e Ciencias Sociais Aplicadas. Programa de Pos-Graduacao em Energia], email: renato.quaglia@ufabc.edu.br

2008-07-01

In this paper it is considered the use of Distributed Generation (GD) as a further option to centralized generation of electricity and treats its photovoltaic systems connected to power network (SFCR's) technology as an option in this interesting 'new' model to plan the expansion of the brazilian electrical energy matrix, mainly in urban centres. For this reason, it was necessary to mention the main characteristics of this technology as distributed generators, and the profile of his generation when connected in homes and commercial buildings. Moreover, it presents the benefits that these systems can offer the electricity sector, society and the economy. In the study of Photovoltaic Power Systems Programme (PVPS), specifically the situation of this technology in Germany, realized that the creation of mechanisms of financial incentives provided to implement some of the main barriers associated with the integration of photovoltaic systems as distributed generators. In assessing the Brazilian context, there was the incipient photovoltaic market in the country, even taking some systems already installed, note that the vast majority are intended for studies of Research and Development. There is also the exploitation of photovoltaic systems connected to the network for use in homes, businesses or industries, probably because of the lack of incentive programs for SFCR's. Although there is a programme of incentives to Alternative Sources of Electricity - Proinfa, it does not consider the SFCR's in its guidelines for qualification, only the wind systems, small hydroelectric plants and systems powered by biomass. Point is, therefore, the need for the creation of an energy policy that encourages the Brazilian market photovoltaic, more precisely a policy of offering incentives conditions of maturity of this technology when connected to the network - technical standards, decrease costs, creation of hand of specialized work, installation of manufacturers

Setting up charging electric stations within residential communities in current China: Gaming of government agencies and property management companies

International Nuclear Information System (INIS)

Wu, Tian; Ma, Lin; Mao, Zhonggen; Ou, Xunmin

2015-01-01

The difficulty of charging electric vehicles (EVs) is now hindering their further development. Governments generally choose to build stations for home charging (including piles) within residential communities. Given the conflict of interest between various government agencies and property management companies, constructing a charging station within residential communities would result in welfare loss for the property management companies and therefore lead to the principal–agent problem. This paper constructs a two-period imperfect information game theory model to study the moral hazard involved in this issue and government agencies' optimal choice. In the analytic solution of the model, we find that the optimal choice for a farsighted government agency is to constantly improve the incentive mechanism and introduce charging stations only when the conflict of interest is eliminated. Any benefits derived from government regulations by force would prove short-lived. The government should focus on long-term returns in the development of EVs, and its optimal mechanism should be designed to mitigate the principal–agent problem of property management companies, thereby accelerate the progress of EV charging infrastructure and improve overall social welfare. - Highlights: • The charging of electric vehicles (EVs) is hindering their use. • A game theory model is used for analysis of EV charging station construction. • Charging stations are in residential communities in China. • Government agencies are constantly improving incentive mechanisms

The structural changes in the brazilian electric sector and the utilities strategic management; A restruturacao do setor eletrico brasileiro e o gerenciamento estrategico das empresas

Energy Technology Data Exchange (ETDEWEB)

Lotero, Roberto C.; Santana, Edvaldo Alves de [Santa Catarina Univ., Florianopolis, SC (Brazil). Programa de Pos-graduacao em Engenharia de Producao e Sistemas

1998-12-31

The objective of this paper is to show structural and market changes in brazilian electric sector and their implications on new business environment. Factors that will affect power utilities are pointed out and how they should be thoughtful in new model. Is pointed out the strategic change as a mean for utility optimization in efficiency and comparative advantage search. (author) 11 refs.; e-mail: rcl at eps.ufsc.br

Measures taken by electric power companies for the accident at JCO

International Nuclear Information System (INIS)

Taniguchi, Kazufumi

2000-01-01

Activities for the JCO accident were done by 700 electric company personnel/day at the maximum, who were mainly the experts of radiation management and were from the whole Japanese regions. The major activities were as follows. Monitoring of body surface contamination of people at the refuge, which was done on request from Tokaimura, showed no radioactive contamination over detection limit. Activities based on the request from the national counter-planning headquarters involved environmental monitoring, which only showed the higher ambient dose rate than usual at the boundary of JCO site. Monitoring of toy equipments in kindergartens and primary and junior schools showed no contamination over detection limit. Measurement of dose equivalent of the personnel showed 0.0 mSv exposure by γ-, β-ray and neutron. In summary, questions and requests raised by people mainly concerned the influence of radiation exposure. (K.H.)

Performance of the Electric power companies of Burkina Faso, the Ivory Coast, Mali and Senegal, and their organizational models

International Nuclear Information System (INIS)

Girod, J.

1993-01-01

The history of the technical, economic, and financial performances of these four countries' power companies over the past two decades is recounted, and then interpreted as the result of the existing organizational models. The changes that have occurred can be understood in long-term perspective by comparing the performance of these companies to the characteristics, rules, and objectives used to define the models, which also helps explain the history of performance indicator variations. Two models are defined: one for the physical plant and one for the management. These correspond to two successive phases in the organization and operation of the electrical sector. Rural electrification and regional interconnection will be important factors in any new model or models developed for the future, because the forms they take is likely to modify the characteristics of these national power companies. 26 refs., 1 fig., 3 tabs

Electric Car Special

Energy Technology Data Exchange (ETDEWEB)

Zoethout, T.; Belin, H.; Verwijs, H.; Nicola, S.; De Saint Jacob, Y.; Gatermann, R.

2009-09-15

In six articles, two columns and two interviews a part of this issue is dedicated to electric car developments: about winners and losers in the electric car race; a unique business model to rolling out the electric car by the electric battery company Better Place and the automobile industry Renault Nissan; interview with entrepreneur Shai Agassi of the Indian company Better Place; the development of electric cars in Germany; interview with Jean-Jacques Chanaron, an economist specialising in innovation management and a firm believer in electric cars; start of mass production of electric vehicles at the Japanese Nissan automobile industry; the constraints in Sweden in developing fuel-efficient automobiles; plans for 1 million electric or hybrid cars by 2025 in the Netherlands.

Greengrid Electric

International Nuclear Information System (INIS)

Argue, D.

1998-01-01

This presentation focused on what customers want from a competitive electricity market and what motivates customers to choose a renewable energy product and service. Greengrid Electric, a subsidiary of Enershare Technology Corp., intends to provide the green electricity that they believe customers have wanted for some time. Enershare and Greengrid have been active participants in the electricity restructuring process in Ontario, and have provided input to the Market Design Committee. Once licensed as a retailer, Greengrid intends to be the major provider of green electricity in Ontario. The company will supply a 100 per cent renewable energy product to their wholesale and retail customers. The company is confident that there is a significant niche market in Ontario for selling a green product that has a blend of wind, small hydro (run-of-river or existing dam), solar, and for energy produced from capturing methane gas from municipal landfill sites. Company officials are confident that customers will be willing to pay a premium price for energy if their purchases will lead to environmental improvement

Gas supply and Yorkshire Electricity

Energy Technology Data Exchange (ETDEWEB)

Anon.

1995-04-01

Yorkshire Electricity, among other independent suppliers of gas, now competes for a share of the United Kingdom gas market, previously monopolised by British Gas. The experience of this successful electric utility company, expanding into the industrial and domestic gas supply market is described in the article. The company`s involvement stems partly from the fact that significant volumes of gas are landed at three terminals within its franchise area. The company will also seek to use subsidaries to generate electric power from gas turbine power plants and explore the possibilities of developing combined heat and power (CHP) plants where appropriate. (UK)

Drivers of international performance of Brazilian technology-based firms

OpenAIRE

Serpa Fagundes de Oliveira, Maria Carolina; Scherer, Flavia Luciane; Schneider Hahn, Ivanete; de Moura Carpes, Aletéia; Brachak dos Santos, Maríndia; Nunes Piveta, Maíra

2018-01-01

For Technology-Based Firms, international expansion represents an opportunity for growth and value creation. The present study was designed to analyze the role of technology-based companies (TBCs) internationalization drivers on international performance. Therefore, a descriptive research was carried out with a quantitative approach performed through a survey. Data collection happened with 53 Brazilian TBCs located in innovation habitats. These data were analyzed by multivariate statistical t...

Brazilian energy statistics - 1989. Annual bulletin of the Brazilian National Committee of the World Energy Conference

International Nuclear Information System (INIS)

1989-01-01

This bulletin deals with the primary sources that carry most weight in the Brazilian energy balance: hydraulic energy, petroleum, natural gas and coal. It contains data on ethyl alcohol derived from sugar cane and some aspects about nuclear energy in Brazil. Graphs, annual statistics and historical data of electric power, petroleum and petroleum products, natural gas, coal and alcohol are also included. 17 figs., 12 tabs

National Account Energy Alliance Final Report for the Basin Electric Project at Northern Border Pipeline Company's Compressor Station #7, North Dakota

Energy Technology Data Exchange (ETDEWEB)

Sweetzer, Richard [Exergy Partners Corp.; Leslie, Neil [Gas Technology Institute

2008-02-01

A field research test and verification project was conducted at the recovered energy generation plant at Northern Border Pipeline Company Compressor Station #7 (CS#7) near St. Anthony. Recovered energy generation plant equipment was supplied and installed by ORMAT Technologies, Inc. Basin Electric is purchasing the electricity under a purchase power agreement with an ORMAT subsidiary, which owns and operates the plant.

Annual report - Companhia Paulista de Forca e Luz - 1998

International Nuclear Information System (INIS)

1999-03-01

The annual report of 1998 of Companhia Paulista de Forca e Luz - Brazilian electric power company - introduces the next main topics: management's report; economic scenario; the new brazilian energy sector; market strategy; business opportunities - electricity tariffs, economic and financial performance; financial aspects - domestic market, international market, capital subscriptions; investments; performance of CPFL; investors' relations, human resources; contribution to the community - personnel, cultural events, social contribution; environmental concern; and financial statements

The good, the bad and the ugly: The privatization of the Brazilian electricity distribution sector

Energy Technology Data Exchange (ETDEWEB)

Silvestre, Bruno; Hall, Jeremy; Matos, Stelvia; Figuiera, Luiz Augusto

2010-09-15

This paper analyzes the evolution of five electricity distribution companies in the Northeast of Brazil using technical and financial indexes. Three privatized and two public firms were analyzed between 1997 and 2008. The financial indexes are related to the capacity of the business to generate value for shareholders, while the technical indexes are related to the quality of service provided to customers. We observed the privatized firms had their financial indexes improved after the privatization, increasing the value of the firm for the shareholders. However, there is no evidence that the privatization affected the quality of service provided to consumers.

The Liability of Corporate Social Influence in Brand Image: A Study in Brazilian Cosmetics Industry

Directory of Open Access Journals (Sweden)

Márcio Ribeiro da Fonseca

2014-12-01

Full Text Available This study evaluate the influence of Corporate Social Responsibility (CSR in brand image (BI and corporate reputation (CR analyzing Brazilian companies in the cosmetics industry. The empirical investigation explores the perception of two large Brazilian brand cosmetic companies interviewing undergraduate students belonging to highincome classes. The objective was to compare the perceptions and the differences between the two companies that publish social reports with GRI methodology. The development of this study occurred in two stages: the first stage involved a literature review, verifying theories and published research on corporate social responsibility, IM and CR. The second stage involved collecting data through a survey. The results demonstrate that the CSR has a positive influence on the IM, but such effect demonstrated only significant for one of the brands studied, and moderately to the second. Among the contributions of this work are to review the literature on the subject, identified the influence of variables of CSR in BI and RC and the differences in consumer perception for each of the brands studied, as well recommendations for future studies.

Basic strategies in the electric power industry in the new competitive environment; Estrategias basicas na industria de energia eletrica no novo ambiente competitivo

Energy Technology Data Exchange (ETDEWEB)

Ribeiro Filho, Ary Pinto [Agencia Nacional de Energia Eletrica (ANEEL), Brasilia, DF (Brazil)]. E-mail: arypinto@aneel.gov.br; Moraes, Walter Fernando Araujo de [Pernambuco Univ., Recife, PE (Brazil)]. E-mail: wfam@npd.ufpe.br

1999-07-01

This work identifies the probable strategic characteristics of the interconnected North-Northeast Brazilian electricity industry, after the current restructuring and privatization process has been implemented. It is a 15.0 thousand MW generation industry supplying more than 33.5 million consumers. The normative scenery for analysis of the electricity industry takes into consideration the premises that the government establishes the vertical separation of generation, transmission, distribution and retailing, and introduces the regulation to a competitive industrial structure in generation and retailing. It is assumed that free access to transmit and distribute electricity and broad choices for consumers are the main features for competition in both generation and retailing. The essence of formulating strategy is to relate a company with its environment, considering the industrial structure. The probable generic strategies and industrial trends are presented, and considerations are made concerned with the future expansion capacity. Finally, in the new industrial structure which will settle after the deregulation and privatization, the main strategic issues of the companies will likely focus on: profitability, cost control, managerial competence, consumer behavior, and new technologies, in special the ones related to modern thermal power plants. (author)

The discussion about the privatization of the brazilian electric sector

International Nuclear Information System (INIS)

Rio, G.A.P. do; Pinto Junior, H.Q.

1990-01-01

This paper examines the complexities of the privatisation of the brazilian power sector. We try to explain the differences between privatisation.It is shown, based on a formulation proposes by Aylen, that the solutions of the sector problems has to do with the management reform of the public utilities and also the holding ELETROBRAS. (author)

CNG: Aiming to be an energy company, not a gas company

International Nuclear Information System (INIS)

Wheatley, R.

1997-01-01

Long before regulatory changes in the US paved the way for the union of natural gas and electric utility companies, Consolidated Natural Gas Co. (CNG) embarked on a strategy that would serve the company well in the 1990s. In 1995, CNG began a corporate repositioning to meet mounting competition, switching emphasis from its regulated businesses to the non-regulated side. The goal: to become an energy player, not only in the US but internationally. This paper focuses on the company's operations, business plans, and management strategies. The paper gives an overview, then discusses production of oil and gas, the growing exploration program and plans for the future

Implementation of the Brazilian national repository

International Nuclear Information System (INIS)

Tello, Cledola Cassia Oliveira de

2013-01-01

Ionizing radiation in Brazil is used in electricity generation, medicine, industry, agriculture and for research and development purposes. All these activities can generate radioactive waste. At this point, in Brazil, the use of nuclear energy and radioisotopes justifies the construction of a national repository for radioactive wastes of low and intermediate-level. According to Federal Law No. 10308, Brazilian National Commission for Nuclear Energy (CNEN) is responsible for designing and constructing the intermediate and final storages for radioactive wastes. Additionally, a restriction on the construction of Angra 3 is that the repository is under construction until its operation start, attaining some requirements of the Brazilian Environmental Regulator (IBAMA). The RBMN Project (Repository for Low and Intermediate-Level Radioactive Wastes) aims at the implantation of a National Repository for disposal of low and intermediate-level of radiation wastes. This Project has some aspects that are unique in the Brazilian context, especially referring to the time between its construction and the end of its institutional period. This time is about 360 years, when the area will be released for unrestricted uses. It means that the Repository must be safe and secure for more than three hundred years, which is longer than half of the whole of Brazilian history. This aspect is very new for the Brazilian people, bringing a new dimension to public acceptance. Another point is this will be the first repository in South America, bringing a real challenge for the continent. The current status of the Project is summarized. (author)

The challenge of energy poverty: Brazilian case study

International Nuclear Information System (INIS)

Giannini Pereira, Marcio; Vasconcelos Freitas, Marcos Aurelio; Fidelis da Silva, Neilton

2011-01-01

In recent years successive Brazilian governments have actively pursued economic and social policies aimed at reducing poverty and promoting social equality and inclusion. In the field of energy, this has meant introducing and implementing programs aimed at expanding the supply of safe and reliable energy to the poorest sectors of Brazilian society, including those living in remote rural areas. This paper draws attention on the findings of extensive field research to evaluate the impact of rural electrification on energy poverty in the context of government policies aimed at promoting energy equity. The authors re-examine the concept of an energy poverty line, seeking to fine tune its application to Brazilian social and economic realities, and then apply an analytical framework (Lorenz Curve, Gap Poverty, Gap Quadratic, Gini Coefficient and Sen Index) to evaluate the effectiveness of recent efforts in Brazil to expand access to electricity. One of the main conclusions of this study is that is that rural electrification leads to a significant reduction of the energy poverty level and a consequent improvement in energy equity. -Research highlights: → The access to electricity led to a marked change in the reality of the researched population. → Energy poverty and energy inequality were reduced significantly. → The strategy of combating energy poverty through programs of rural electrification is efficient.

Do distribution companies loose money with an electricity flexible tariff?: A review of the Chilean case

International Nuclear Information System (INIS)

Vera, Sonia; Bernal, Felipe; Sauma, Enzo

2013-01-01

We can get an (energy efficiency) EE improvement if we produce a flatter daily load curve, leading to a higher efficiency of the power system, making better use of the generation and transport electricity chain, thus avoiding over-investment in equipment used just few hours a year. Tariff flexibility of the (Time of Use) TOU type is one of these measures. Generally, TOU systems are designed to minimize total system cost, which may cause losses in distribution companies (DISCOs), generating opposition. On the contrary, the present paper proposes a TOU system for electricity consumption in Chile where optimal prices are obtained in order to maximize total income of DISCOs. In this manner, the proposed TOU system is, by definition, beneficial for DISCOs and it may lead to a win–win situation among DISCOs and consumers. In particular, we show that such a system, implemented in a country like Chile, would allow for DISCOs a total potential benefit of 811.7 millions of dollars for the 3-year study period (2005–2007), considering initiatives that promote a 5% savings in real consumption during on-peak hours, obtained by the spread or difference between the proposed and the current systems. - Highlights: • We propose a TOU (Time of Use) system for electricity consumption in Chile. • In this system the optimal prices are obtained in order to maximize total income of (distribution companies) DISCOs. • The proposed TOU system may lead to a win–win situation among DISCOs and consumers. • This system, implemented in a country like Chile, would allow for DISCOs a total potential benefit of M$811.7. • Benefit obtained for 3-year study period with initiatives that promote 5% savings in real consumption during on-peak hours

Diversity management: a gender study and race in great brazilian companies

Directory of Open Access Journals (Sweden)

Ednéia Batista do Prado Gonçalves

2016-05-01

Full Text Available In Brazil, there is an artificial dealing to the theme of diversity in organizations, particularly with regard to the human side (Thomas, 1996. In developed countries like the United States, for example, the study of diversity has had more focus and relevance. In Brazil, this is hindered by bumping into racial prejudices and gender issues that does not allow the advancements and applicability in organizations. The aim of the study was to analyze the 30 largest companies listed on Exame magazine as the diversity of gender and race has been treated by conducting a reflection on gender and race issues in relation to the work of women and blacks occupations of management positions and higher ranking in companies. Methodologically, we carried out a documentary analysis of the Social Balance of the 30 largest domestic companies or operating in Brazil in dealings theme diversity. They were selected on the official website of the 30 largest companies, based on Exame Magazine - Biggest and Best, base year 2013, the Social Report the years 2011-2013, the study of the evolution of the percentage of women and blacks in senior positions was made by calculations of descriptive statistics: sample division into quartiles and average calculation. One can observe a slight variation between the percentage over the years studied, which did not significantly alter the positions occupied by women and blacks in senior positions in the sample. It is expected that this study will contribute to the critical view of the issues related to gender and race in organizations.

Strategic alliance in technological development and innovation: Performance evaluation of co-creation between companies and their supply chain

Directory of Open Access Journals (Sweden)

Luiz Otavio Monteiro

2013-07-01

Full Text Available Purpose: The Brazilian oil and gas market presents a perspective of growth in the next decades. Considering this scenario, the increasing number of participants in this supply chain is foreseen to supply the demand of goods and services, especially in the technological development area. The paper intends to evaluate the collaborative development capacity and respective measurements of performance on these partnerships established between customer and suppliers, through qualitative research with a sample of Brazilian oil and gas market representative. Design/methodology/approach: This paper intends to verify if the co-creation performance is measured after an implementation, specific in a restricted industry. The methodology consists in a bibliographical research to support the study, and it also had a questionnaire sent to Brazilian companies that take part of the oil and natural gas industry supply chain, to analyze if the results of co-creation activities are measured by this group of companies, to verify its attractiveness to develop the co-creation usage or change the type of partnership with the market. Findings and Originality/value: The misunderstanding of co-creation and technical partnership was noticed. The usage of teams working together from two or more organizations cannot be considered as a co-creation, because the relationship and obligations are different between these two ways of workgroup. But the companies of oil and gas industry, when questioned, were able to distinguish it, avoiding risks of incorrect results motivated by wrong interpretation of the paper content. Research limitations/implications: As related in the paper, eight companies were invited to take part on the questionnaire about co-creation, but only 50% answered it. The research should have a better result of this subject if it had been developed with more answers of Brazilian oil and gas industry companies. Originality/value: Even this kind of partnership is

Planning integrated system and energy trading; Sistema integrado de planejamento e comercializacao de energia

Energy Technology Data Exchange (ETDEWEB)

Pizzatto, Wilson Tadeu; Ferreira, Luiz Roberto Morgenstern; Bloot, Marcio Luiz; Carneiro, Carlos Fernando Bley [Companhia Paranaense de Energia (COPEL), Curitiba, PR (Brazil)]. E-mails: pizzatto@copel.com; luiz.roberto@copel.com; mlbloot@copel.com; carlos.bley@copel.com; Bessa, Marcelo Rodrigues; Favoreto, Rafael de Souza [LACTEC - Instituto de Tecnologia para o Desenvolvimento, Curitiba, PR (Brazil)]. E-mails: bessa@lactec.org.br; favoreto@lactec.org.br

2006-07-01

In a complex system as the one composed by Brazilian Power Plants and connecting grid, with many associated risks, it is important to a Generation Company to use computer programs that help the decision making process in planning and energy commercialization areas. This paper describes the necessary steps to obtain a Integrated Planning and Energy Commercialization System which aims to measure the profitability of Brazilian Generation Company working in an Integrated Electric System based on hydropower generation. (author)

Evaluation of capital investment in thermoelectric generation projects in the Brazilian electric sector using the real options theory; Avaliacao de investimento de capital em projetos de geracao termoeletrica no setor eletrico brasileiro usando teoria das opcoes reais

Energy Technology Data Exchange (ETDEWEB)

Castro, Alessandro de Lima

2000-04-01

In the Brazilian Electric System about 92% of the generated electricity is of hydraulic origin. Today the system is operating practically in the limit of your capacity. Solutions of short time to make possible the expansion of the offer of electricity generation go by the installation of cycle combining thermal using natural gas as fuel. In this dissertation, it was used the real options theory to evaluate generation assets in the Brazilian electricity sector. In Brazil, central operator dispatches a flexible thermal when the electricity spot price is larger than the operation costs. The operation decision is like an European call, where underlying asset is the electricity and the strike price is the operation cost. The value of the capacity is the sum of all decisions to operate the thermal unit, in the remaining life of unit. It was used Monte Carlo Simulation and Dynamic Programming to evaluate this model. The problem is divided in two parts. In the first part, the base case is fixed and evaluated and the expected NPV and project risk are calculated in function of contract level. In the second part, many sensibilities are done in relation to base case. At the end, the value of flexibility is calculated for each contract level. (author)

International orientation and export commitment in fast small and medium size firms internationalization: scales validation and implications for the Brazilian case

Directory of Open Access Journals (Sweden)

Marcelo André Machado

Full Text Available Abstract A set of changes in the competitive environment has recently provoked the emergence of a new kind of organization that has since its creation a meaningful share of its revenue being originated from international activities developed in more than one continent. Within this new reality, the internationalization of the firm in phases or according to its growth has resulted in it losing its capacity to explain this process with regard to small- and medium-sized enterprises (SME. Thus, in this paper, the international orientation (IO and export commitment (EC constructs have been revised under a theoretical context of the fast internationalization of medium-sized companies, so as to identify scales that more accurately measure these dimensions in the Brazilian setting. After a literature review and an exploratory research, the IO and EC scales proposed by Knight and Cavusgil (2004 and Shamsuddoha and Ali (2006 were respectively applied to a sample of 398 small- and medium-sized exporting Brazilian companies. In spite of conjunction and situation differences inherent to the Brazilian companies, the selected scales presented high measuring reliability. Furthermore, the field research outcomes provide evidence for the existence of a phenomenon of fast internationalization in medium-sized companies in Brazil, as well as support some theoretical assumptions of other empirical investigations carried out with samples from developed countries.

Annual and activity report 2005 - INB - Brazilian Nuclear Industries. Nuclear fuel: technology for the essential

International Nuclear Information System (INIS)

2005-01-01

This document reports the activities of Brazilian Nuclear Industry company during 2005 as follows: uranium isotope enrichment; production of nuclear fuel; mineral resources; finance and administration; planning and sales; quality, safety and environment, communication and social action; economic and financial management

THE EVOLUTION OF CSR ACROSS LISTED BRAZILIAN FIRMS

Directory of Open Access Journals (Sweden)

Ana Gisbert

2012-03-01

Full Text Available This paper analyzes the improvements in corporate social responsibility (CSR among Brazilian companies listed on the Sao Paulo Stock Exchange – Bovespa, focusing on the type of social and environmental projects together with the amount of investments over the period 2003-2007. The empirical analysis is based on the content of the CSR reports of 48 companies, among them those making up the Bovespa’s Corporate Sustainability Index. All the identified social and environmental projects were classified into eleven categories and three investment categories: internal, external and environmental. The results show the need to standardize the CSR reports due to the absence of uniformity among the sample firms. The investment data reveal a significant increase in external investment projects, followed by the internal category. The results of the environmental category reveal only a moderate increase due to the reduction of the environmental investment in the petroleum industry. Overall, the results reveal that companies tend to invest in projects strongly linked to their main activities.

The required interactions among institutions involved with Research and Development in the power sector

Energy Technology Data Exchange (ETDEWEB)

Vieira Filho, X; Medeiros, J C; Szechtman, M [Centro de Pesquisas de Energia Eletrica (CEPEL), Rio de Janeiro, RJ (Brazil)

1994-12-31

This paper presents the form which CEPEL (Brazilian Federal Research Center in Electric Energy) works for the Brazilian electric system, the interaction with associates, especially with ELETROBRAS (the Federal holding company in Brazil), the modern way of CEPEL operation and interactions with clients, the partnership in Research and Development, the CEPEL philosophy of transferring technology to its clients, and the cost-benefit analysis of Research and Development activities. (author) 2 refs., 4 figs., 1 tab.

Impact of energy efficiency and alternative sources in the Brazilian electric matrix: scenarios 2005-2050; Impacto da eficiencia energetica e das fontes alternativas na matriz eletrica brasileira: cenarios 2005-2050

Energy Technology Data Exchange (ETDEWEB)

Saidel, Marco A.; Gimenes, Andre L.V.; Fujii, Ricardo J. [Universidade de Sao Paulo (GEPEA/USP), SP (Brazil). Dept. de Energia e Automacao Eletricas. Grupo de Energia; Furtado, Marcelo [Greenpeace Brasil, Rio de Janeiro, RJ (Brazil)

2008-07-01

Part of a worldwide initiative championed by Greenpeace International and EREC - European Renewable Energy Council, a partnership between Greenpeace Brazil and GEPEA/USP were established for producing two national alternative energy scenarios, as a blueprint for how to meet forthcoming Brazilian energy needs in a sustainable way. Such scenarios, one reflecting the views of GEPEA/USP and another the perceptions by Greenpeace, were both based on a reference scenario strongly drawing from the 'Plano Decenal 2006-2015' and the 'Plano Nacional de Energia 2030', both by the Ministry of Mines and Energy. From the alternative scenarios one may see that is feasible to satisfy the increasing Brazilian demand through the integrated deployment of alternative resources, Natural Gas fueled thermal power plants and energy conservation measures. To develop the Brazilian electricity energy base in such terms, however, is mandatory to conduct further debate on energy planning issues, conservation measures and alternatives resources concerns included. (author)

Renewable and non-renewable exergy costs and CO2 emissions in the production of fuels for Brazilian transportation sector

International Nuclear Information System (INIS)

Flórez-Orrego, Daniel; Silva, Julio A.M. da; Velásquez, Héctor; Oliveira, Silvio de

2015-01-01

An exergy and environmental comparison between the fuel production routes for Brazilian transportation sector, including fossil fuels (natural gas, oil-derived products and hydrogen), biofuels (ethanol and biodiesel) and electricity is performed, and the percentage distribution of exergy destruction in the different units of the processing plants is characterized. An exergoeconomy methodology is developed and applied to properly allocate the renewable and non-renewable exergy costs and CO 2 emission cost among the different products of multiproduct plants. Since Brazilian electricity is consumed in the upstream processing stages of the fuels used in the generation thereof, an iterative calculation is used. The electricity mix comprises thermal (coal, natural gas and oil-fired), nuclear, wind and hydroelectric power plants, as well as bagasse-fired mills, which, besides exporting surplus electricity, also produce sugar and bioethanol. Oil and natural gas-derived fuels production and biodiesel fatty acid methyl-esters (FAME) derived from palm oil are also analyzed. It was found that in spite of the highest total unit exergy costs correspond to the production of biofuels and electricity, the ratio between the renewable to non-renewable invested exergy (cR/cNR) for those fuels is 2.69 for biodiesel, 4.39 for electricity, and 15.96 for ethanol, whereas for fossil fuels is almost negligible. - Highlights: • Total and non-renewable exergy costs of Brazilian transportation fuels are evaluated. • Specific CO 2 emissions in the production of Brazilian transportation fuels are determined. • Representative production routes for fossil fuels, biofuels and electricity are reviewed. • Exergoeconomy is used to distribute costs and emissions in multiproduct processes

THERE IS INFLUENCE IN DEVELOPMENT OF COMPANIES WHICH BUILT STOCK, WITH SUPPORT OF INVESTIMENT FUND PRIVATE EQUITY AND VENTURE CAPITAL? EVIDENCES OF ENTRANT COMPANIES AT BOVESPA

Directory of Open Access Journals (Sweden)

Caciano Gianechini

2013-09-01

Full Text Available This work seeks to identify the impact of the participation of Private Equity funds and Venture Capital (PE/VC, the performance of companies that owned the contribution prior to the opening of capital (IPO. In a more objective the present study seeks to investigate whether companies that opened capital, financed by PE/VC, have performed better than the other formerly the Brazilian stock market debut. The sample of work consists of 116 companies that made the initial public offering (IPO in the São Paulo Stock Exchange (BOVESPA in the period January 2004 to December 2009. First identified that 41 enterprises debuted at BOVESPA being financed by PE/VC funds. Furthermore, the results indicate that the influence of PE/VC funds tend to improve some indices of profitability and market of companies after the IPO. In summary, the evidence found lead to the conclusion that the organizations of private equity and venture capital influence positively the performance of investee companies.

Forces that direct the competition in the electric power industry in the new institutional scenery

International Nuclear Information System (INIS)

Ribeiro Filho, Ary Pinto; Moraes, Walter Fernando Araujo de

1999-01-01

This work identifies the probable strategic characteristics of the interconnected North-Northeast Brazilian electricity industry, after the current restructuring and privatization process has been implemented. It is a 15.0 thousand MW generation industry supplying more than 33.5 million consumers. The normative scenery for analysis of the electricity industry takes into consideration the premises that the government establishes the vertical separation of generation, transmission, distribution and retailing, and introduces the regulation to a competitive industrial structure in generation and retailing. It is assumed that free access to transmit and distribute electricity and broad choices for consumers are the main features for competition in both generation and retailing. The essence of formulating strategy is to relate a company with its environment, considering the industrial structure. Porter's five forces model for industry environment and competition, emphasizing the role of the government in such regulated industry, is the basic theoretical reference. The main strategic characteristics related to entry barriers, rivalry intensity, supplier power, customer power and substitute products are analyzed. (author)

El Paso Electric Company Diablo Substation to the US-Mexico border 115kV transmission line project. Final Environmental Assessment

Energy Technology Data Exchange (ETDEWEB)

1992-04-01

This Environmental Assessment documents the analysis of alternative corridors for development and operation of a proposed 115 kilovolt transmission line using private lands and transporting power to the US-Mexico international border. The project will require (1) an amendment to El Paso Electric Company`s existing export authorization to transfer power across this border, and (2) a Presidential Permit for construction of the transmission line. The project would be located in Dona Ana county in southern New Mexico, approximately five miles west of El Paso, Texas. The alternative corridors, specific locations within those corridors, and structure types are identified and analyzed in the environmental studies.

The internationalization of the electricity industry

International Nuclear Information System (INIS)

Gulli, F.; Indigenti, S.; Ninni, A.

1998-01-01

During the last years the evolution of the electricity industry has been featured by a marked development of the internationalization processes. Several companies started huge foreign investment programmes; construction of power plants; acquisition of generation, distribution and integrated companies. The goal of this study is to analyse the determinants in the internationalization process of the world electricity industry. This topic is introduced in the first, part with a hint on the main theoretical contributions regarding the companies internationalization. In the second part, an attempt is made to define the size of the phenomenon adopting the results yielded by a detailed inquiry about the international strategies of the leading electric companies. In the third part, an econometric analysis, referring to a significant sample of electric companies, is aimed at identifying the main determining factors affecting the international development is mainly due to both organization and regulation of the single national markets [it

The evolution and main determinants of productivity in Brazilian electricity distribution 1998-2005. An empirical analysis

Energy Technology Data Exchange (ETDEWEB)

Ramos-Real, Francisco Javier [Fac. CC. Economicas y Empresariales e IUDR - Universidad de La Laguna (ULL), Programa de investigacion Energia y Cambio Climatico Fedea-Abengoa (Spain); Tovar, Beatriz [Dpto. de Analisis Economico Aplicado y EIT - Universidad las Palmas de Gran Canaria (Spain); Iootty, Mariana [UFRRJ Universidade Federal Rural do Rio de Janeiro, Rio de Janeiro (Brazil); De Almeida, Edmar Fagundes; Pinto, Helder Queiroz Jr. [IE-UFRJ Instituto de Economia - Universidade Federal do Rio de Janeiro, Rio de Janeiro (Brazil)

2009-03-15

This paper estimates changes in the productivity of the Brazilian electricity distribution sector using Data Envelopment Analysis (DEA) on a panel of 18 firms from 1998 to 2005. The study decomposes the productivity change of these distribution firms in terms of technical efficiency, scale-efficiency and technical progress. This exercise aims to help the understanding of the main determinants of the evolution of productivity, focusing its relationship with the restructuring process implemented in the 1990s. TFP index records a yearly positive growth rate of 1.3% in the whole period under analysis for all firms. Technical change was the main component behind this evolution, with an average growth of 2.1% per year, while technical efficiency presented a yearly negative performance of - 0.8%. The results prove that, in general terms, the incentives generated in the reform process do not seem to have led the firms to behave in a more efficient manner. (author)

Additional costs for Norwegian power companies from the OED-proposed implementation of the Electricity Directive II; Merkostnader for norske kraftselskaper ved OEDs forslag til implementering av Eldirektiv II

Energy Technology Data Exchange (ETDEWEB)

NONE

2005-07-01

The cost-related consequences for Norwegian vertically integrated power companies caused by the proposed implementation of Electricity Directive II by OED (Norwegian Oil and Energy Department) are considered. Electricity Directive II demands a company and functional division between the network activities and the activities exposed to competition. The OED proposition aims at lowering the limit for which network companies are included by the new demands, from 100.000 to either 20.000 or 10.000 network clients. Moreover, they propose measures that ensure the network companies' independence, and these exceed by far the minimum requirements of Electricity Directive II. The additional costs may be significant in some aspects. Especially the requirement of an independent management in parent- and subsidiary company will lead to added costs of about Nok 320 million for the Norwegian power business. Further, a split-up management structure may be poorly compatible with the mind set behind the corporate model, something which potentially can lead to bad investments or a weaker utilization of potential cost synergies. The motive for proposing stricter demands on Norwegian power business is among other to limit cross-subsidies so that the competition in the market is reinforced. In light of substantial, quantified additional costs and other negative effects, the proposition's effect on the competition should be investigated further, including alternative measures that may be more cost-effective and/or more accurate (ml)

An optimization model for natural gas supply portfolios of a power generation company

International Nuclear Information System (INIS)

Jirutitijaroen, Panida; Kim, Sujin; Kittithreerapronchai, Oran; Prina, José

2013-01-01

Highlights: ► An optimization model for daily operation of a natural gas-fired generation company is proposed. ► The model considers uncertainties in electricity price and natural gas price. ► The model is formulated to capture the hedging decisions by the company. ► The solution yields quantities of natural gas, generating schedule and purchasing quantities of electricity. ► Higher profit can be achieved by adapting inventory and production to the actual spot prices of natural gas and electricity. - Abstract: This paper considers a deregulated electricity market environment where a natural gas-fired generation company can engage in different types of contracts to manage its natural gas supply as well as trade on the electricity market. If the contracts are properly designed, they can protect the company from fluctuations in electricity price and demand, at some cost to the company’s expected profit. This reduction in profit can be mitigated by trading on the natural gas and electricity spot markets, but this trading activity may also sometimes result in losses. A stochastic programming model is formulated to capture the hedging decisions made by the company, as well as the interactions between the natural gas and electricity markets. The benefits offered by this approach for profit maximization in a variety of business scenarios, such as the case where the company can hold some amount of gas in storage are studied and presented. It is found that the stochastic model enables the company to optimize the electricity generation schedule and the natural gas consumption, including spot price transactions and gas storage management. Several managerial insights into the natural gas market, natural gas storage, and distribution profit are given

Cost evolution of electric energy in Brazil

International Nuclear Information System (INIS)

Oliveira, A. de; Contreras, E.C.A.

1981-01-01

An analysis of electric energy costs in Brazil is presented. Hydro, coal and nuclear costs are analysed and the final conclusion seems to indicate that nuclear power plants are not economically interesting untill the Brazilian electric capacity attains 110 GW average power. (Author) [pt

Financial frictions and substitution between internal and external funds in publicly traded Brazilian companies

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Márcio Telles Portal

2012-04-01

Full Text Available The present study aimed to document the effects of financial constraints on the negative relationship between cash flow and external funds, a phenomenon associated with the Pecking Order Theory. This theory suggests that companies subject to more expensive external funds (financially constrained firms should demonstrate a stronger negative relationship with cash flow than companies subject to minor financial frictions (financially unconstrained firms. The results indicate that the external funds of constrained firms consistently present less negative sensitivity to cash flow compared with those of unconstrained companies. Additionally, the internal funds of constrained companies demonstrate a positive sensitivity to cash flow, whereas those of unconstrained companies do not show any such significant behavior. These results are in accordance with the findings of Almeida and Campello (2010, who suggest the following: first, because of the endogenous nature of investment decisions in constrained companies, the complementary relationship between internal and external funds prevails over the substitutive effects suggested by the Pecking Order Theory; and second, the negative relationship between cash flow and external funds cannot be interpreted as evidence of costly external funds and therefore does not corroborate the Pecking Order Theory.

Nuclear policy retrospection in Brazil and forecasting for using of small nuclear power plants - SNPs - in the Brazilian electric system

International Nuclear Information System (INIS)

Santos, E.M. dos.

1992-02-01

This thesis highlights the nuclear energy perspectives to regain a prominent place in the world energy mix, as a competitive and safe energy source. Just considering the current international changes in the nuclear power features in the developed countries, it is assessed the suitability and feasibility of defining a new nuclear policy in Brazil, based on the development of small and medium nuclear power reactors - SMNPR. The SMNPR's may be a good nuclear strategy for Brazil to develop a national and evolutionary reactor design with several improvements in safety, by means of passive safety systems. This reactor may play a significant role in the brazilian electrical system in the long term. (author)

The role of food standards on international trade: assessing the Brazilian beef chain

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Luciana Marques Vieira

2006-01-01

Full Text Available The purpose of this paper is to identify how Brazilian beef managers have responded to a rapid expansion and intensification of standards for beef exports. This issue relates to how some Brazilian beef exporters are strategically repositioning themselves in the supply chains. The literature of this study reviews global chain governance and international standards. The method uses case studies consisting of six medium and large scale beef exporters who export fresh beef to the European Union. The main findings describe the kinds of governance that stimulate upgrading and transferral of the best practices and, consequently, full compliance with mandatory standards. This study suggests that standards do matter for companies trying to increase international competitiveness. These results contribute an understanding of the Brazilian beef chain, and also of other supply chains coping with demanding and changing international markets. Managerial implications show the challengesfacing Brazilian beef exporters in their efforts to sustain exports to the European Union and how they are using chain governance to improve their compliance with international standards and increase competitiveness.

CASE REPORT: CHARACTERIZATION OF THE PRODUCTION SYSTEM OF BEEF CATTLE, DEVELOPED BY BRAZILIANS IN THE REGION OF CHACO BOLIVIANO

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Ronan Lopes Albino

2011-12-01

Full Text Available The purpose of this work is to describe the characteristic of the beef cattle production system in Bolivia. From a scholarship that happened in a Brazilian company who provide management in livestock, during this time it was possible know a little bit about the characteristic on Bolivia livestock. In oriental region from Bolivia the Boviplan Consultoria Agropecuaria Ltda., Brazilian company with head office in Piracicaba-SP, built an office, to offer a bigger technical support for customer that have farm in Bolivia. This region is inside on biome of Bolivian Chaco that is characterized by soil extremely fertile and cheap land. These factora help to explain the favorable scenario of beef cattle found on farms that are managed by Boviplan in Bolivia.

Comparabilidade entre o resultado em BR GAAP e U.S. GAAP: evidências das companhias brasileiras listadas nas bolsas norte-americanas Comparability between BR GAAP and U.S. GAAP results: evidence from Brazilian companies listed on North American stock exchanges

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Sirlei Lemes

2009-08-01

Full Text Available Esta pesquisa avalia a materialidade das diferenças de reconciliação dos lucros divulgados por empresas brasileiras. Dada a inexistência de demonstrações contábeis conforme as IFRS publicadas por empresas brasileiras, a amostra foi composta de empresas que divulgam o resultado, segundo os Br GAAP e os U.S. GAAP, nos Form 20-F arquivados na SEC. Por meio de uma pesquisa exploratória, em função dos seus objetivos, e documental, em consequência da coleta de dados, aplicou-se o Índice de Comparabilidade de Gray (GRAY, 1980 às diferenças evidenciadas por 30 companhias brasileiras nos anos de 2000 a 2005. Os resultados indicam um número representativo de empresas com resultados materialmente não comparáveis, sendo três para uma margem de materialidade de 5%, seis a 10% e, para 15%, somente 21 das 30 empresas apresentaram lucros comparáveis. Analisando as reconciliações de 10 empresas do ano de 2005, o ajuste referente à combinação de empresas foi o que afetou o maior número de empresas e quanto à reavaliação de ativos, caracteristicamente apontada como uma prática que demanda frequentes ajustes aos U.S. GAAP, não foi observada a reconciliação para a maioria das empresas. Sugerem-se estudos adicionais para identificar diferenças específicas para um maior número de empresas e anos.This research assesses the materiality of the reconciliation differences in profits reported by Brazilian companies. Given the non-existence of IFRS compatible accounting statements for Brazilian companies, the sample was composed of enterprises that publish the result according to Br GAAP and U.S. GAAP on the 20-F Form filed at the Securities and Exchange Commission (SEC. By means of an exploratory - in function of its objectives - and documentary research - due to the data collection method - Gray's Index of Comparability (Gray, 1980 was applied to the differences evidenced for 30 Brazilian companies between 2000 and 2005. The results

Different perceptions of company leaders: Corporate social responsibility in Brazil and India

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Mônica Cavalcanti Sá de Abreu

2015-05-01

Full Text Available This article evaluates corporate social responsibility strategies and efforts to implement them in a Brazilian oil and gas multinational and an Indian steel multinational. Qualitative research was conducted through interviews with executives of both companies, and a content analysis and comparison of approaches to corporate social responsibility and engagement with stakeholders were made. The evidence from this research shows that the type of corporate social responsibility adopted by each company depends on the ethical values, socio-economic environment, legal and institutional framework of the country in which the firm operates.

Brazilian oil and gas supply and service industry's: context and perspectives; Contexto e perspectivas do segmento para-petrolifero brasileiro

Energy Technology Data Exchange (ETDEWEB)

Oliveira, Antonio Ricardo Pimentel de [PETROBRAS, Rio de Janeiro, RJ (Brazil)

2008-07-01

This paper describes the goods and services supply oil segment, as different than the oil companies segment itself. It points to the transformations in the goods and services supply segment from the 1980s until now. At that time with low international oil prices, the oil companies induced the goods and services firms to assume a major role in development of technology. Inside the country here, the goods and services segment had high local content performance but it was associated to low technology intensity or to branches of large multinational firms installed in the Brazilian market. The paper points the French approaching on this same oil segment and its applicability to the Brazilian case, giving one example of financial R and D resources for supporting such a target. Otherwise than in France some specific obstacles can be found here in that development purpose. As alternative some others scenarios were finally explored in the paper for further suggestions for institutional approaching in this Brazilian industrial oil segment. (author)

Environmental aspects of the brazilian petroleum industry; Panorama ambiental da industria do petroleo no Brasil

Energy Technology Data Exchange (ETDEWEB)

Padula, Roberto Carrilho; Amaral, Sergio Pinto [PETROBRAS, Rio de Janeiro, RJ (Brazil)

1989-12-31

This paper shows the efforts made by the Brazilian Petroleum Company to insert into its activities the environmental variable, in order to accomplish the law requirements, from 1986 january to nowadays, mainly in adoption of studies and environmental impacts assessments 3 refs., 2 figs.

The adaptation of the major network companies to the liberalization of the electricity in Europe: comparison between France and Germany

International Nuclear Information System (INIS)

Courivaud, H.

2001-01-01

The liberalization of network activities is a factor which is now topical within France, Europe and the rest of the world. The main economic thinking at the dawn of the 21. century is full of praise for the emergence of heightened competition, which ensures optimal allocation of investments within the electricity industry, brings down prices for the benefit of both minor and major consumers alike, and finally stimulates innovation and creativeness on the part of companies. Curiously, it seems to overlook the fact that the staged introduction of monopolies and the establishment of exclusive rights in favour of certain operators several decades ago offered all of the same economic advantages. In addition to this, it rarely mentions the political and social effects of such changes, as if the latter are the subject of some major consensus within the public opinion. Whatever the circumstances, as a result of globalization, the major electricity network companies have decided either by themselves or following recommendations by the legislators to internationalize and to carry out acquisitions, enhancing market forces which up to the present remained latent. In Europe, this adaptation is not uniform in nature however. It needs to take full account of national and international characteristics regarding the economic and social organisation of the Member States of the European Union, and should certainly not be allowed to sidestep certain democratic requirements and the observance of basic rights other than those related to the freedom to do business. These include respect for the environment, consultation with the social partners within the company and outside, respect for the rights of consumers' and in particular those without any power in the marketplace, not to mention respect for the dignity of those involved in social life. The necessity of reconciling the new opportunities for open competition created through liberalization and respect for basic rights does not seem

Resolution 148/012. It authorize the 'Central Libertador / SA aeolian generation' company to generate an aeolian electricity source by an electric power generating plant located in Lavalleja town 1 AA catastral section and in Maldonado town 4 AA Catastral section, and the 'Sistema inerconectado Nacional' connection

International Nuclear Information System (INIS)

2012-01-01

This decree authorizes the generation of electricity using aeolian energy as the primary electricity source. This project was presented by the 'Libertador / S.A' aeolian generation company with the proposal to instal an electrical plant in Lavalleja town. This authorization is according to the Electric Wholesale Market regulation

The electric sector and its insert in a global scenery; O setor eletrico e sua insercao num cenario globalizado

Energy Technology Data Exchange (ETDEWEB)

Serrano, Ricardo Oliveira Lopes

1999-11-01

The document discusses the following issues of the Brazilian electric power sector: historical aspects; the creation of the ELETROBRAS and the sectorial debts process; financial and productive globalization; electric industry and the new environment and the new businesses. The author concludes the work detaching the new business appearance in the Brazilian electric power sector.

Potential of exchange of electric power between the electric systems of Brazil and Argentina; Potencial de intercambio de energia eletrica entre os sistemas eletricos do Brasil e da Argentina

Energy Technology Data Exchange (ETDEWEB)

Zanette, Andre Luiz [Petroleo Brasileiro S.A. (PETROBRAS), Rio de Janeiro, RJ (Brazil)

2010-07-01

Integration of power generation and transmission systems can provide a better utilization of energy resources and increase systems reliability. Given that Brazilian interconnection with Argentina, which represents the major Brazilian interconnection with neighboring countries, is used basically in winter months or in situations of unfavorable hydrology, this paper aims to demonstrate that power exchange between these two countries can be much higher than currently observed, resulting in greater benefits for producers and consumers of electricity in both countries, and that these benefits can also be obtained through better use of existing and planned interconnections between South American countries. To estimate the potential for power exchange between the electrical systems of Brazil and Argentina, three sets of simulations using the Brazilian Energy Plan (PDE 2010-2019) deck for Newave model, available from EPE, were made. These simulations consider the possibility that: (i) electricity is exported from Brazil to Argentina (II) electricity is imported from Argentina and (III) electricity is exchanged in both directions. The simulation results indicate that, despite rising operational marginal costs, significant amounts of electricity can be exported to Argentina at relatively low prices, depending on hydrological conditions. Moreover, the possibility of electricity imports from Argentina can reduce the operational costs of Brazilian system, as well as minimizing the risk of shortages. This work shows that the interconnections between Brazil and Argentina may be better used to benefit producers and consumers in both countries. Therefore, it is necessary to define an effective contractual and operational model for power trading and electricity transfer between these countries with the objective of promoting stability and mutual trust. Finally, studies to evaluate the potential for electricity exchange between South American countries are specially important

Potential of exchange of electric power between the electric systems of Brazil and Argentina; Potencial de intercambio de energia eletrica entre os sistemas eletricos do Brasil e da Argentina

Energy Technology Data Exchange (ETDEWEB)

Zanette, Andre Luiz [Petroleo Brasileiro S.A. (PETROBRAS), Rio de Janeiro, RJ (Brazil)

2010-07-01

Integration of power generation and transmission systems can provide a better utilization of energy resources and increase systems reliability. Given that Brazilian interconnection with Argentina, which represents the major Brazilian interconnection with neighboring countries, is used basically in winter months or in situations of unfavorable hydrology, this paper aims to demonstrate that power exchange between these two countries can be much higher than currently observed, resulting in greater benefits for producers and consumers of electricity in both countries, and that these benefits can also be obtained through better use of existing and planned interconnections between South American countries. To estimate the potential for power exchange between the electrical systems of Brazil and Argentina, three sets of simulations using the Brazilian Energy Plan (PDE 2010-2019) deck for Newave model, available from EPE, were made. These simulations consider the possibility that: (i) electricity is exported from Brazil to Argentina (II) electricity is imported from Argentina and (III) electricity is exchanged in both directions. The simulation results indicate that, despite rising operational marginal costs, significant amounts of electricity can be exported to Argentina at relatively low prices, depending on hydrological conditions. Moreover, the possibility of electricity imports from Argentina can reduce the operational costs of Brazilian system, as well as minimizing the risk of shortages. This work shows that the interconnections between Brazil and Argentina may be better used to benefit producers and consumers in both countries. Therefore, it is necessary to define an effective contractual and operational model for power trading and electricity transfer between these countries with the objective of promoting stability and mutual trust. Finally, studies to evaluate the potential for electricity exchange between South American countries are specially important

Design of Technical Support System for Retail Company Based on Cloud

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Shao Ping

2017-01-01

Full Text Available With the retail side of the market in China, the sale of electricity companies as a new source of power retail, they participate in the electricity market business. National and local governments subsequently introduced the corresponding policies and rules, the technical support system becomes one of the necessary conditions for the access of the retail company. Retail electricity companies have started the system construction, but has not yet formed a standardized, complete architecture. This paper analyzes the business and data interaction requirements of retail electricity companies, and then designs the functional architecture based on basic application, advanced application and value-added application, and the technical architecture based on “cloud”. On this basis, the paper discusses the selection of private cloud, public cloud and mixed cloud model, and the rationalization suggestion of system construction. Which can provide reference for the construction of the technical support system of the domestic retail enterprises.

Creation or destruction of the perspective of EVA® value in the Exame Magazine ranking of largest companies

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Anelise Florencio de Meneses

2012-12-01

association between the companies that create value (EVA® with the Brazilian regions and sectors. It was found that 217 companies have created value while 99 destroyed value. Test results showed that the Midwest and the wholesale and retail sectors are associated with a high value creation, not confirming the first and second research hypotheses. The results also indicated that only 5 companies remained in the same positions when comparing the ranking of the magazine Exame with that prepared by EVA® perspective, not confirming the third research hypothesis.