Second quarter 2024 of Energisa. We inform you that this video conference is being recorded and will be available at the company's IR website, where it finds available the current presentation. We highlight that whoever needs simultaneous translation, we have this tool available at the globe icon, Written Interpretation, located at the bottom area of your screen. By selecting it, choose your preferred language, Portuguese or English. For those listening to the video and conference in English, there is the option of Mute Original Audio in Portuguese, clicking Mute Original Audio. For the Q&A, question- and- answer session, we guide that the questions must be sent through the Q&A icon located at the bottom area of your screen as well. By Dynamics, your names will then be announced, so that you can ask your questions live. At this moment, a request to activate your microphone will show up on your screen. Considering that some of the panelists are remote, oscillations and instabilities may occur on the conference, impacting on the answer time, especially during the Q&A. We count on your comprehension. We highlight that the information contained in the presentations and eventual statements that may be done during the conference, related to business perspectives, prospective projections and goals, operational and financial of Energisa, they constitute on beliefs and premises of the administration of the company, such as information currently available. Future statements are not proof of performance. They involve risks, uncertainties, and premises because they refer to future events, so they depend on circumstances that may or may not occur. Investors must comprehend that economic conditions, market conditions, and other operational factors may affect the performance of Energisa and lead to results that differ materially from those expressed on those future statements. Now, I would like to pass the word to Ricardo Botelho, President and Director of the company, so that we can start the presentation. Ricardo, please go ahead. Thank you, operator. Good afternoon. First, we'd like to appreciate the presence of everyone on this presentation on the second quarter of 2024. Participating with me, our CFO and Investor Relations Director, Maurício Botelho, Vice President of Regulation and Institutional Relations, Fernando Maia, Vice President of Network, Gioreli de Sousa Filho, Vice President, Roberta Godoi, the Director of ES Gás, Fábio Bertollo, and the team of the Investor Relations. Before we start, I kindly ask that you guys pay attention to the warnings, the disclaimer, before taking any actions on the company. Going on, on the second quarter of 2024, we'd like to point the results were really good operationally, with the growth of 13% on the EBITDA adjusting and 16.6% on the net income, comparing to the second quarter from the last year. These indicators, they disconsider the NR of the segment on the distribution of energy, the non-recurring effects, and includes the results of the transmission. If it was not like the seasonal effects on the distribution, they had, like, a relevant impact on this. Just the EBITDA non-recurring, it would be BRL 1.8 billion, 25% more than last year. This great performance of the quarter is explained in big, great parts with the result that we had on the distributors of energy, with the greatest growth rate on the last 23 years. 11.2% of growth and the variation between the quarters. On the gas distribution segment, we highlighted that on this quarter, celebrating the contract of buying and selling of 100% of the actions of Infra Gás, that detain 51% of the actions of Norgás, share Norgás, where they work with Alagoas, Pernambuco, Rio Grande do Norte, Ceará, and Sergipe. This operation reaffirms the interest of the group to improve the acting area of this segment, and the conclusion of this transaction is also still pending. And closing the highlights, I'd like to mention the satisfaction with the growth, like the recognition that we got from Valor Econômico. That's the first one of energy in Brazil. 10 years from the 150 companies, most innovative companies in Brazil, by the consulting company Strategy&, in our culture, each one of our more than 18,000 employees, they have liberty. We help them to think differently and take action, and act about this, of course. And the innovation value of this is the fuel that guides us to perform these transformations, and we wish this. We're really satisfied with financial performance and operation of the group on this quarter, and we are happy that this growth will work with quality, innovation, diversification, and will keep providing growth for our stakeholders. Like this, I'd like to pass the word to Maurício Botelho, CFO and Director of Investor Relations. ... relations to move on with the results on the second quarter of 2024. Maurício, please go ahead. Good afternoon, everyone. Thank you for the presence of everyone on this conference call, quarterly conference call of Energisa. I'd like to start calling you guys to pay attention to the effects, non-recurrings, and on the cash flow that we usually consider better to understand those results. Starting with the provision of the participation net income, PLR, BRL 57.2 million, guys, of impact on the quarter, on the PMSO line consolidated, working because we started getting a recognition of PLR on a monthly basis, not only on the quarter that we had, such as last year. By this way, PMSO is being affected negatively in comparative basis with the second quarter of the last year. The second item is the provision about hiring energy of Energisa Acre, a total of BRL 2.6 million on the quarter. The same way that we talk about the assets, we started working monthly on the same situation on this year of 2024. These two changes on the presentation, they show a less volatility between quarterly results, focusing on the fourth quarter. Moving on, talking about other effects, about the marking of the market, the Energisa Comercializadora income, we had a negative 51.8 million non-cash flow. And we had another item, a positive one of BRL 142.7 million. That's the marking of the market called EPM. This effect, it. It impacts the net income because it shows, like, on the financial results that we have in here. Besides the results, we have to highlight the negative effect of BRL 317.8 million on the quarter on non-factor income. Talking about the robust growth of sales of energy in the last quarter. This line has a behavior, seasonal behavior, and recurring negative always on the second quarter of every year, and as we can see with the history that we have in here, always, always when we start this period and we move from a hot to a cold weather, with like fall and winter, we have this negative. This research is to check on the projection on the last 30 days of the energy consumption. So this way, it's typical, the fall of the temperature. Particularly in the year of 2024, the volatility of this provision was really intense. As we check on the sheet beneath, the slide shows the intensity of this variation. 2024, it was the biggest one that we had with Energisa. Moving on, I'm gonna be giving more details of this phenomenon. Next slide, please. As Ricardo told us before, we had a good performance on this quarter with the recurring A djusted EBITDA. We had a growth of 13.2%, and we got a mark of almost BRL 1.7 billion on the quarter, with the highlight being the energy distribution, the highlight one, with BRL 1.5 billion. Talk about PLR. PMSO, sorry, sir. And the recurring one, and we see how the effects of provision on the PLR on the quarter, we got a growth of 12.8% comparing the quarters. So it's important to highlight that the PMSO linked with the ES Gás started only with the third quarter of 2023, and we have the biggest operational costs because of the new assets that we have. Oh, distribution and transmission. Talking about only effect, if we just consider this about the PLR and the acquisition of ES Gás, the variation will be of 10.4%, talking about the quarters. Talking about the PMSO, the transmission, we have. We must make a distinction between PMSO Societary and PMSO, Regulatory PMSO, that we check the accountability with the results. The amounts that have on this quarter, they show the PMSO Societary, that we have accountability of expenses of materials and implementing improvements on the infrastructure of concessions of LMTE and LXTE. On the regulatory environment, these items are registered as CapEx on the assets. As we checked with the PMSO, it was BRL 42.6 million, and an improvement only BRL 5.5 million on the second quarter of 2024 comparing to 2023. These proxies, they show that operational costs that we can control on the main lines of business are evolving, like, in a moderated way. Giving a highlight right now on the second quarter of PMSO is a distribution that after the adjustment of the PLR, we had a growth of 3% comparing quarters below the inflation of the period.... and talk about the adequacy of the service costs, 3rd parties, and personnel, anticipating the demands, quality reduction, and penalties. We have the results that we expected, as we can see forward. Talking about net income, adjusted, recurring adjusted, we had BRL 377 million on the quarter, almost 70% more than the same quarter last year. This result is explaining a big part of the performance of the distribution energy segment. Besides, the financial expenses less than BRL 63 million in 2024, and in detriment, we have a group in which is the net income that we can count on. Consolidated was BRL 655 million, and the controller was BRL 506 million on the quarter. And it is announced the payment of BRL 157 million in interest and dividends. It represents R$1 per unit. That's a payout of 34.2% of the distributional result on the semester, I will say. So it means that we are, like, moving in line of what we expected. Talking about investments, it was 8.1% smaller than 2023. In six months, the investment was 5.1%, in total, BRL 2.9 billion. We must highlight that on the segment of distributed generation by the year 2023, we set up the execution for 37 using power plants. As we can see, like a loss on the investments comparing 2023 to 2024, such as in transmission, that we concluded the construction of some projects in this quarter. The distribution segment follows, keeps, like, demanding investments to adequate the maintenance, standards, and quality, and it totaled 86.3% of the investments. We move forward to realize, to move, like, to do BRL 6 billion investments in the year 2024. And now, next slide, we're gonna be talking about net debt. It was EBITDA 2.7 times. It works like, follows like behavior, reflecting the discipline, the financial discipline that we have, and really, like, away from the covenants that we have in our operations of, like, loans and financial installments. And talking about the follow-on in January this year, it was, like, really prudential, really, like, right on the spot. Talk to the risk that was confirmed with the tax rates that we had only on the emerging markets. We only regret that these conditions also reflected negatively on what we expected of our assets, despite our good results on this semester. We end here the slides, financial highlights, consolidated. We're gonna be talking about the businesses, and we're gonna be starting by the distribution of energy on the second quarter. It was relevant for the results added up on this year, highlighting the evolution of the recurring Adjusted EBITDA, 24.6% on the last six months of 2024. The net income recurring had a growth of 18% between the quarters and surpassed the mark of BRL 1.4 billion on the semester, more than double that was registered on the first quarter of 2023. On the second quarter, the consumption of energy on distributors of the group had a growth of 11.2% by the same, comparing the same time of 2023, the biggest rates on the last 23 years, with the highlight of the consumption of the companies on the Center-West and Southeast areas. Considering the market non-factor, the growth was 9.8% on the quarter, impacted by the performance of June, as we explained. On this slide, we show the what we detected by considering the climate effects that we had, with a cooling 21% bigger on the second quarter of 2023, and heatwaves were 36% above on the registered on the last year. Yes, we can check on Center-West and Southeast. Most of the days on the quarter, the max temperatures were above 30 degrees on the main areas of concession. Only in the end of May, we had a cold, cold weather on the Center-South area, and then June month was really atypical. With the reduction of rains in the quarter and the demand on ONS and INMET institute a yellow flag on July to symbolize the needs of preservation of the reservoirs. Talking about again on non-factor on bill, yeah. The highlight here with temperatures that were, like, lower, and because of the fall and the beginning of the winter, with impacts of the energy levels and reflexes of non-factor supplies. On the above part of the chart, we can check that the seasonal behavior and recurrent on this line, always with the recover on the third quarter, as we can check on the other years. On the chart beneath, we can check the impact of the fall on the temperature on the months of May and June that affect the projection of the non-factor revenue on the second quarter. Please, next slide. Talk about the continuity of supplies of energy by distribution, ANEEL, through the Resolution 44/2022, established the minimal percentage of 80% of the electric places to work with the limits, and they must reach them between 2023 and 2026. By reaching these 80% till 2026, establish annual goals to each concession, considering a gradual raise on the percentile rates within the regulatory limits. On the data that we had on the second quarter, 2024, we can check that all distributors, they had an evolution on the first quarter, 2024, and they approximate with the individual goal on the groups related to the targets established by ANEEL 2004. Some, including already, are reaching the 80% established by the paper. Following on the loss, energy losses, we reached 12.94%, representing a variation of 0.21 percentage points related to the loss represented the first quarter 2024. This variation mainly works because the heat waves register on the concession of the group since, like, the middle of 2023, that we had a lot of seasonality on the indicator, where the energy we give it, it wasn't captured entirely by the market. That's a temporary effect. We expect a, like, improvement on second quarter 2024, or like, estimates, the best, like, scenario on the seasonality taking it off, it would be around 12.73%, following what we have in the first quarter 2024. As we check the combat energy loss of Energisa, we keep searching for the balance between the prevention losses and recovery of the revenue. For 2024, we expect investments on the order of BRL 240 million, trying to get this non-technical losses with more relevance on the companies of Mato Grosso and Roraima. Concluding, talk about distribution and talking about delinquency on the last twelve months, of 1.707%, representing an improvement of 0.08 percentage points related to the same time, last year. Analyzing the consolidated results, the expected losses with credit and liquidity doubtful had an increase of BRL 28.3 million on the second quarter, 2024, comparing to the second quarter, 2023. The growth, it has an impact of BRL 21.6 million of the FIDC that we had with the EMR, and the growth of the... And we had a growth of BRL 4.6 billion, yeah, 70%. Talking about the segments changing, we're gonna be talking about the gas. We have now one year of the acquisition of ES Gás, and we can confirm that we start having a difference on the concession. Besides improving the base of compliance customers, we surpassed the mark of 82,000 customers. We aggregated almost 50% kilometers of network on this time, and we achieved with the regulator an increment of investments for 2024. I must highlight the program of ES Gás, that we launched this Tuesday with by the government of Espírito Santo, that counted with the support of Energisa and many other companies on the states, that would propose to be in the term to help with the demand of natural gas in biometan as an assumption of fuel, following the lines of performance with the economy of the place. As we announced yesterday, together with other four companies independent of the market of exploration, production of petroleum onshore, that operate on Espírito Santo, a memorandum of understanding the studies of, and viability and performance of businesses capture using with carbon. ES Gás pretends to utilize your experience on the market of network to collect and transportation of carbonic gas originated on the industrial segments that had the emissions, like, hard to abate. Talking about the results of ES Gás-... The distributional levels, it was 153 million cubic meters impacted by reduction of the segments on the thermal electricals, by the thermal power plants and emergencials. The car segments, it was impacted, automotive segment was impacted by the incentives with the incentives that happened 2022 and 2023, with the liquid fuels that were not followed up with the GNP natural gas. Just in the, the industrial one had a reduction of 12%, mainly because of the effects of siderurgy markets. We expected on the third quarter, we had a recovery on the, with the industry in recurring basis on this place. As we talked with Ricardo in the beginning of the presentation, on the last May 10, we celebrated the buying of 100% of Infra Gás. The closing of this operation, we still have check conditions as it's customary in operations of this nature, and the parties are working together to work this out. We're gonna be keeping the shareholders and the markets informed about what happens on this operation. Talk about the transmission. I highlight the signing of the contract for Lot 12 that Energisa won in the transmission auctions this year. This lot has a revenue of BRL 112.5 million. It's situated between Maranhão and Piauí, and predicts the construction of the transmission line that will portionate the expansion of the basic network area by the North through Northeast area, and it was gonna be available for us to work with the renewable energy on this area, and also, like, expand the margins of connection to new markets and help the local demand. Another highlight on the time was the emission of the liberation on functions of Energisa Tocantins Transmissora de Energia II by ONS, with, like, 5 months before the deadline, and also concluding another step on Energisa Amazonas, representing receiving of 40.3% of the RAP on the project. Talking about the quarters, the portfolio by transmissions. We had 13 concessions. We had a RAP of BRL 962.7 million, yes, considering the cycle 2024/2025, including the assets, non-operational assets, and with and without considering the amount of 40% million of revenue of optical fiber of the companies from, that came from Gemini. We keep working extensively, concluding the four assets that are not 100%, always seeking, anticipating the entry on operation, and improving the return of our portfolio. And I'm talking on the first quarter. Talk about the RAP and everything, and entering with Energisa Tocantins dois and the new installments of Energisa Amazonas. I'm talking about, talking about Energisa. Talk about the energy and the non-regulated service of the group with Energisa. Here we only check the, only the distributed energy commercializer and aggregated value, and this considers the mark-to-market of the commercializer. It had a growth of 45, 45% compared to the year 2023, reaching a total of BRL 54.1 million. We highlight here the distributed generation that aggregated BRL 40.8 million of EBITDA on time. In the unit on the distributed generation area, we must highlight that on this quarter, we reached the Ceará, Pernambuco, Piauí, and Maranhão. This expansion impersonates the adoption of distributed generation on the area, reinforces the diversification of matrix, energy matrix, and opens new opportunities for the sustainable performance. On the second quarter, 2024, we aggregated 6.78 megawatt peak of capacity installed on our portfolio, totaling 369 megawatt peak. Our product of Solar Signature, it proportionates an economy with even more, like, people reaching to it, and we keep expanding our acting area. Here, I end our highlights on this quarter, and we move on to the Q&A. Please. Now, we're gonna be starting the Q&A session. We ask the kind that you make all the questions at once, waiting the answer of the company. Remembering that to make questions, we guide you that you send in through the Q&A icon on the bottom area of your screen. And by Dynamics, your names will then be announced so that you can ask your question live. At this moment, a request to activate your microphone will show up on your screen. Please wait while we collect the questions. Let's go to our first question. It comes from Guilherme Lima, Sell-Side Analyst from Santander. Guilherme, please, we're gonna be opening your audio so that you can make your question. Guilherme, please go ahead. Good afternoon, everyone. Thanks for the question. First, it's gonna be talking about the acquisition of Infra Gás. We've been seeing a lot of information about the, with Sergipe, about the rights of preference of Sergas and everything, and public agents working with the reduction of Sergas, and the minister talking about this as well, of the change of 20% to 10%. And how would this impact on the closing? Will you be having any adjustments, and what do you expect about this? Thank you. So Guilherme, Fernando Maia here. First, let's talk about, they've had a public auction about this, to debate about this. Only remembering you that that is a contract that was, like, signed by, it was 1993, 1994, and it has 50 years, so it's a perfect contract, and they can't, like, alter this. We believe that the states, the, and with AGRESE as well, they should keep this good environment. That's what attracts investments to the states, the performance developments. That's what the state desires, and ours as well. That's a discussion that goes away from the discussion from what it really matters, and it impacts on the rates. Less than 2%, it was like viable, available, good to go, and really far away with the impact that the cost of molecule transportation, the market costs, they must have like a structure, so it becomes like attractive. We already had a reduction of the molecule pricing, but we had space for reductions even further more than this. And remembering that the rates in there is already one of like the smallest of the country. I believe that by the end, it's gonna be like... We're gonna—they're gonna be preserving this good environment that the state deserves. And talking about closing, we're still waiting to see what's gonna be happening with the information, what the state was gonna be choosing, so that we can close the operation. Thank you, Fernando. Remembering that to make questions, we guide that you send in through the Q&A section, located by the bottom area of your screen. And by Dynamics, your name will then be announced so that you can ask your question live. Please wait while we collect new questions. Let's go to our next question. It comes from Bruno Amorim, sell-side analyst from Goldman Sachs. Bruno, we're gonna be opening your mic so that you can ask your question live. Bruno, please go ahead. Thank you. Good afternoon, everyone. First, I'd like to talk about the, as we if you guys can talk about on the, talk about the capital allocation on the next few years, talk about the portfolios on the current portfolio that we have on this, on energy. And talking of the portfolio, you have any segment that you would you like to think that's more attractive, talk about the gas distribution or not, like, exclusively this? Thank you, Bruno. It's Ricardo Botelho, I'm gonna be answering your question. Our focus is still what we said on the, since last year. We talk about the discussions on with the people on our presentations and follow-up as well. Our capital allocation, it has an existing portfolio of the activities that we have today. On our wallet, as we can say, it works with the assets that we have in here, that has, like, an expansion with CapEx. As this demand keeps growing, eventually, investments we can make by acquiring places, we can estimate this or, like, be, like, precise about this, that will happen or not. But we are always, like, paying attention to the opportunities. And talking about transmission, we have a growth that we consider as possible, and millions that talking about allocation of cost, capital, and evaluating the profits if they present adequate. Or we have any opportunities on the market separately? With adequate returns, results. We keep expanding with this, with that's the distributed generation, and we already have a target for, of where we wanna hit and everything on this target with the generation distribution. We have, like, an organic growth expected, and some inorganically, some parameters that we already announced here. Talking about commercialization of energy, it's more like expanding our wallets, more emphasis on the market. Talking about gas, it's an activity, a recent activity that we have here, but we have the interest in this activity, such as in gas network distribution, natural gas distribution, public services, and with the government. That's an activity that we believe a lot, that we have, like, a lot of opportunities of growth, organic growth, and eventually some inorganic growth as well. We just announced a transaction on the month of May, not concluded still, but we hope it's gonna be soon. That's been our focus, generate value, using our expertise on the segment of the natural gas. A segment that we have a lot of good opportunities of growth, capital allocation, everything. Besides this, we have no interest in any other segments. We keep our... Well, we keep, like, forming in the last 6 months or 12 months, and the next time, they work with us. Thank you, Ricardo. Remembering, guys, that make some questions, we guide you that you send them via the Q&A icon located at the bottom area of your screen. And by Dynamics, your names will then be announced so that you can ask your question live. Please wait while we have more questions. Remember that to make questions, we send it through the Q&A icon located at the bottom area of your screen. By Dynamics, we are gonna be sending you a request to activate your microphone. And let's go to our next question. It comes from Mário Berto, sell-side analyst from Banco Safra. We're gonna be opening the audio so that you can ask your question live. Mário, please go ahead. Hi, everyone. Good afternoon. I have two questions. First, I would like to have a follow-up on—talk about Guilherme's question about the potential changes on the contracts of Infra Gás. If you guys can explore, like, more on which way the company, the company would protect itself on this eventual changes of the contract. The second is, talking about the impacts, non-technical, on which way it impacts or impacted the cash flows on the company, and how, what do you guys expect to do on the following quarters? Expect a recovery, or how, how do you guys see this? Thank you. Mário, I'm gonna be starting with the non-technical one. Later, we're gonna be going to Fernando Maia, and he already answered some of this, but, talking about non-factor, it works with, he goes at a provision effect, estimated, estimated one. Like an example, imagine on your, on your home, we had, a checking each day 20. As you guys check the estimate on the last 10 days, and then you have the next 20 days. So it's... We make a prediction of this, expecting your consumption. And we go to the next month, you have the real checking, so you check the projection, and you make a new projection, always on the same situation, 10, 20. So it, it keeps being affected every time with the variation of the temperatures and everything. A cold week and a hot week, a hot week, so it changes a lot of the results that we have on the month. So it works on the cash flow, and the best way for you to work with this, on the non-factor one, is not with the variation of this. You have to look in annual basis. So it's, like, not really representative, but on the quarters, we have this availability. Fernando, do you have something to complete this? Complete this answer? Hi, Mario. Talking about the, with Infra Gás, knowing that we still don't control Infra Gás with the company and everything, and it depends on considerations of the company. We have no risks of this operation being, like, undone with what is being discussed with Sergipe. Let's talk about this and check the - how it's gonna be like, the final chapter of this. Thank you. Thank you. Thank you for your answers. [Foreign language] Remember that to make questions, we guide you that you send in via the Q&A icon located at the bottom area of your screen, and by Dynamics, your names will then be announced so that you can ask your question live. Let's go to our next question. It comes from Rafael Ritter, IR professional. We're gonna be opening your audio so that you can ask your question live. Please go ahead. [Foreign language] Going with Rafael's question, he has this question: Do you have any expectation of improvement of expenses to reach the quality levels of DEC and FEC? Good afternoon, Gioreli here. We understand that the plans that we have here of allocating resources really calibrated with this. As you guys could check on the presentation, the following up of the goals, the reach of Resolution 44/2022, we already adequate in almost all the companies. We have, like, some oscillations on one or other maybe, but we know about the allocation resources; it's adequate to reach the results on this. [Foreign language] Thank you for your answer. Reminding everyone that for you guys to make your questions, we guide you that you send in via the Q&A icon located at the bottom area, and by Dynamics, your names will then be announced so that you can ask your question live. Please wait while we collect new questions. Remembering that to make questions, we guide you that you send in via the Q&A icon located at the bottom area of your screen, and by Dynamics, your names will then be announced so that you can ask your question live. Remembering everyone that to make questions, we guide you that you send in via the Q&A icon located at the bottom area of your screen, and by Dynamics, your names will then be announced so that you can ask your question live. Let's go to our next question. It comes from Guilherme Lima from Santander. Guilherme, we're gonna be opening your audio so that you can ask your question. Yeah, please go ahead. [Foreign language] Thank you. Another question. If you guys could talk, like, quickly about the development. And we checked that we had a small growth on this quarter, on 2023, 2024. What do you guys expect of this? Talking about a PDD for the next quarter, for the follow-- the rest of the year. Talking of year 2024, and also of PMSO levels, that we checked on the distributors having a growth of beneath the inflation. If it's important for us to keep this recurring level for the quarter. Thank you. [Foreign language] It's really bad, always bad, complicated to talk about projections and everything. What I can say about the distribution, it had a direction with the analysts, that we had, like, a big work, equating the teams to work with the resolution of everything And it would be reaching closer to inflation. And we hope to still stay on this, like, level. PDD—We're talking about PDD, it depends on the economy, the evolution. On economic improvement. As you can see, we had a bottom of 1%, and we had an improvement of 1.07%, and we can check some months it was 1%—there were 1%, and we hope to recover this level. Thank you, thank you. [Foreign language] Remember that to make some questions, we guide you to send in via the Q&A icon located at the bottom area of your screen, and the names, your names will then be announced, so that you can ask your question live. Please wait while we collect more questions. Let's go to our next question. It comes from Maria Carolina Carneiro, analyst from Safra. Maria, we're gonna be opening your audio so that you can ask your question live. Maria, please go ahead. [Foreign language] Hi, everyone. Good afternoon. Thanks for the call. I have two updates, if you guys can help us. The first one, we had an information, and minister and the CCEE talk about the measures to work with the- to lower the rates, reduce the costs in some places. And the minister in some, like, forums, they talked about this, talk about, like, long-term- Information work this, and we have any updates with this? If we can, like, expect more like statements about this, about taxes, rates, and everything. And the second information about the regular implementation of the talking about information about the renewals of concessions. Are we having like still waiting for a detail from ANEEL, or do you have any expectations on calendar or on the terms with ANEEL to work with the we had on the statement? Hi, Carol. You're really updated, such as we are. On the first point, the minister had this meeting with CCEE. He's still, like, already working structuring the sector. We don't know much more than this. There was a law project, some initiatives that we have here with the Congress, with mines and energy, mines and energy, of calling some entities to with the minister to debate this theme. But, we're gonna be waiting the second semester. Talking about the information on laws, but we see with good eyes these attempts of reduction, structural reduction. It's really good for the distributors. We only can wait, like, for this, and expect it for this to happen. At least the beginning of this debate on a wider area on this semester. And about the statement, we are on the deadline that ANEEL is working on. We're working with the distributors, with the association, we are working with this. We already had a first meeting with the, with ANEEL. That was like a first meeting, starting meeting, to talk about our expectations about this, and we don't have any schedule by ANEEL. We only expect that ANEEL, the director, she was already like, checked, spotted on, and we were talking about this, but when is it gonna be happening? Talking about the first, like, details, we don't have these dates, but it's gonna be on this, the line that we had on the statement that we believe, like, September, like, October, like, tops. Thank you. Thank you. Without any more questions, we close the Q&A session, and we close the video conference on the second quarter of 2024. The Investor Relations Department is available to answer further doubts and questions. Thank you, everyone, and have a good afternoon.