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Rating: ELP
Outperform

Bear Stearns rated Companhia Paranaense De Energia (copel) (NYSE: ELP) to Outperform

Friday,  Jan 25, 2008  8:25 AM ET by Betsy O'Brien Harrison

Bear Stearns rated Companhia
Paranaense De Energia (copel) (NYSE: ELP) to Outperform.

Companhia Paranaense de Energia - COPEL is a Brazil-based company involved in the energy sector. It has 17 hydroelectric and one thermoelectric power plants. Through its subsidiaries, Copel is principally engaged in the distribution, generation, transmission and commercialization of electric energy for residential, industrial, commercial and rural consumption, among others. The Company directly serves 3,491,930 consuming units, across 393 cities and 1,118 locations (districts, villages and settlements) in the state of Parana. The Company also provides telecommunication and consulting services. The Company?s subsidiaries include COPEL Geracao e Transmissao, COPEL Distribuicao, COPEL Telecomunicacoes and COPEL Participacoes, among others.

The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading global investment banking, securities trading and brokerage firm. Since 1923, we have helped corporations, institutions, governments and individuals reach their financial objectives. Clients have come to rely on the breadth of our expertise, our commitment to client service and our innovative approach to problem-solving. Talented professionals join Bear Stearns because of our unique corporate culture. Based on respect, integrity, meritocracy, innovation and a commitment to philanthropy, these guiding principles serve as blueprint for the way that we do business.



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