SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of April, 2021
Commission File Number 1-34129
CENTRAIS ELÉTRICAS BRASILEIRAS S.A.
- ELETROBRÁS
(Exact name of registrant as specified in its
charter)
BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)
Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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____
RELEVANT FACT
CENTRAIS ELÉTRICAS
BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9
PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A (“Company”
or “Eletrobras”) (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B) in compliance with CVM
Instruction 358 and paragraph 4, of article 157, of Law 6,404/76, and respective amendments, hereby informs its shareholders and the market
in general, the approval, on this date, by the National Electric Energy Agency ( “ANEEL”), from the re-profiling of the financial
component of RBSE (“Basic Network Existing System”).
The flow was established by Homologatory Resolutions No.
2,710 / 2020, 2,713 / 2020, 2,716 / 2020 and 2,717 / 2020, related to the periodic review of the Annual Allowed Revenues - RAPs associated
with the transmission facilities under the responsibility, respectively, of Furnas Centrais Elétricas SA - Furnas, Centrais Elétricas
do Norte do Brasil SA - Eletronorte, South Brazil Electricity Generation and Transmission Company - Eletrobras CGT Eletrosul and Companhia
Hidro Elétrica do São Francisco - CHESF. The Agency's decision to reprofile the financial component of RBSE foresees a reduction
in the payment curve of these amounts for the 2021/2022 and 2022/2023 cycles and an increase in the payment flow in the cycles after 2023,
extending such installments until the 2027 / 2028, preserving, however, the remuneration for the WACC.
As is well known, the discussion regarding RBSE has been
going on since 2017, when, having recognized its inclusion in the Regulatory Remuneration Base of the broadcasters and its updating criteria
by Ordinance MME No. 120/2016, legal measures were proposed by consumers, who obtained decisions suspending the payment of the portion
of the unincorporated cost of capital from the extension of the concessions to the tariff process (ke).
The payment of this installment only returned to the RAPs
in 2020, with the decommissioning of the judicial decisions, without, however, having recognized the remuneration of the unpaid amounts
from 2017 to 2020. However, the same decision by ANEEL that promoted the re-profiling of the component financial, recognized the right
of the transmission companies to remunerate the amounts whose payment was suspended in court, adding the amounts to the respective RAPs,
also as a financial component of RBSE, thus complying with reconsideration requests that had been submitted in view of the aforementioned
Homologating Resolutions.
Aneel's decision in reference brings the following estimated
effects to the payment flow of Eletrobras' RBSE: BRL Millions
This document may contain estimates and forecasts
that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future
events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange
Act of 1934, as amended. The words "believe", "may", "estimate", "continue", "anticipate",
"intend", "expect" and related words are intended to identify estimates that necessarily involve risks and uncertainties,
known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial
conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use
of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables,
changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment
plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM
and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates
or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may
differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations
that may not reflect accurate results due to rounding.
The Company will assess the effects of this reprofiling,
under the terms decided by ANEEL, and will keep the market informed.
Rio de Janeiro, April 22, 2021
Elvira Cavalcanti Presta
CEO (Interim) and CFO and Investor Relations Officer
This document may contain estimates and forecasts
that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future
events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange
Act of 1934, as amended. The words "believe", "may", "estimate", "continue", "anticipate",
"intend", "expect" and related words are intended to identify estimates that necessarily involve risks and uncertainties,
known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial
conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use
of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables,
changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment
plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM
and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates
or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may
differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations
that may not reflect accurate results due to rounding.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: April 22, 2021
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
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By:
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/S/ Elvira
Baracuhy Cavalcanti Presta
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Elvira Baracuhy Cavalcanti Presta
CFO and Investor Relations Officer
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FORWARD-LOOKING STATEMENTS
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 offuture
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.
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