Electra Comercializadora obtained a preliminary injunction from the courts suspending, for 60 days, the fulfillment of its obligations to the CCEE (Chamber of Electric Energy Commercialization).
This measure comes as the company seeks to renegotiate contracts with consumers and concessionaires in the ACL (Free Contracting Environment).
The precautionary measure was granted this Wednesday (22) by Judge Mariana Gluszcynski Fowler Gusso, of the 1st State Court of Bankruptcy and Judicial Recovery of Curitiba (PR), one day before the company had to contribute around R$ 140 million in financial guarantees.
In a statement, Electra said the decision "is part of the company's efforts to preserve its agreements amid an exceptional market environment."
In the process, to which the Canal Solar had access to the information, and the company maintains that the economic and financial imbalance stems from structural regulatory changes that have put pressure on energy prices in the short-term market.
According to the company, this forced it to buy energy at higher prices, while maintaining sales contracts signed at lower levels – which led to a compression of margins and a deterioration in operating results.
The request for urgency is also justified by the expiration, this Thursday (23), of the obligation to provide financial guarantees. Failure to do so could result in the suspension of contracts and even disconnection from CCEE.
Electra also reported that it has initiated a mediation procedure restricted to bilateral contracts in the free market, involving end consumers and concessionaires, and that it even requested CCEE to allow for installment payments of the contribution, without receiving a response to date.
In 2025, the company recorded revenues of R$ 2,2 billion. Its portfolio includes contracts with 17 concessionaires, 19 distributors, and approximately 1.600 clients.
In the precautionary action, the company requests the suspension of the enforceability of its financial obligations to CCEE, including the imminent investment and other commitments due during this period, for 60 days.
It also requests that the Chamber refrain from adopting restrictive or punitive measures, such as suspending contracts or shutting down its systems.
Another point of the request is the regular maintenance of energy purchase and sale contracts in the ACL (Free Contracting Environment), with the suspension of the effects of any default resulting from the current liquidity constraint, in order to preserve the continuity of operations during the restructuring process.
The company emphasizes that contracts with financial institutions, investment funds in credit rights, and other securitization structures remain in good standing, as do some of the energy purchase and sale agreements.
Electra also requests that creditors refrain from terminating contracts, accelerating payments, or applying penalties while negotiations are ongoing.
The company emphasizes that the measure is temporary and aims to create conditions for a safe renegotiation environment.
"Electra reaffirms its commitment to transparency, regulatory responsibility, and the pursuit of balanced solutions with sector stakeholders, understanding that overcoming this scenario requires technical dialogue, institutional maturity, and cooperation between the parties," the company stated in a note.
Electra joins a group of trading companies facing financial difficulties, such as 2W Ecobank, Gold, Eletron, Boven Varejista, Tradener, América and more recently IBS.
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