Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
SUMMARY OF RESOLUTIONS OF THE
177th MEETING OF THE BOARD OF DIRECTORS
CPFL Energia S.A. informs its shareholders and the market in general, that at the 177th Meeting of the Board of Directors held on May 25, 2011 the following matters were resolved:
I. Approval: Investiture of the members of CPFL Energia’s Board of Directors and election of the Chairman and Vice-Chairman;
II. Approval: Nomination of the Advisory Committees of CPFL Energia’s Board of Directors;
III. Approval: Election of CPFL Energia’s Board of Officers and designation of the Subsidiaries’ Board members;
IV. Vote Recommendation: Contracting of services of construction, expansion and renewal of substations (turn-key contracts), by the subsidiaries CPFL Paulista, CPFL Santa Cruz and RGE;
V. Vote Recommendation: Acquisition of energy in the new energy auction, for delivery as of 2014, by the subsidiaries CPFL Paulista, CPFL Piratininga, RGE, CPFL Santa Cruz, CPFL Leste Paulista, CPFL Sul Paulista, CPFL Jaguari and CPFL Mococa;
VI. Other matters unrelated to CVM Instruction 358/2002, as amended.
São Paulo, May 25, 2011.
CPFL ENERGIA S.A. | ||
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By: |
/S/ LORIVAL NOGUEIRA LUZ JUNIOR
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Name: Title: |
Lorival Nogueira Luz Junior Chief Financial Officer and Head of Investor Relations |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.