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<item><link>http://www.alacrastore.com/research/creditsights-EDP_Hedging_Delivers_Good_9M09_Results-90669</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90669</cs:docid><guid isPermaLink="false">cs/90669</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">Good 9M09 results from EDP where liberalised Iberian activities achieved their best results ever, a combination of hedging decisions and lower commodity costs. EDP expects to beat current consensus forecasts for the full year.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">amoulder</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">fnicolas</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:companyFocus><cs:country xmlns:cs="http://www.alacra.com/cs">portugal</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">portugal</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">90669</cs:csid><pubDate>02 Nov 2009 03:10:35 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90669</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">electric</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">energy</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">utilities</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">electric</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">energy</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">utilities</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">earnings</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagFocus xmlns:cs="http://www.alacra.com/cs">earnings</cs:tagFocus><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>EDP: Hedging Delivers Good 9M09 Results</title><cs:type xmlns:cs="http://www.alacra.com/cs">EarningsNote</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Earnings Note</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1282</cs:wcnum><description> EDP: Hedging Delivers Good #M## Results EDP reported in line #M## results, with EBITDA rising by #.#% to â‚¬#,### million.

Results were driven by the strong performance in the Iberian liberalised activities, where EBITDA increased...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-EDP_In_Line_9M09_Results-90578</link><cs:docid xmlns:cs="http://www.alacra.com/cs">90578</cs:docid><guid isPermaLink="false">cs/90578</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">WWTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">amoulder</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:company><cs:companyFocus xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:companyFocus><cs:country xmlns:cs="http://www.alacra.com/cs">portugal</cs:country><cs:countryMention xmlns:cs="http://www.alacra.com/cs">portugal</cs:countryMention><cs:csid xmlns:cs="http://www.alacra.com/cs">90578</cs:csid><pubDate>29 Oct 2009 11:09:39 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">90578</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:regionMention xmlns:cs="http://www.alacra.com/cs">europe</cs:regionMention><cs:sector xmlns:cs="http://www.alacra.com/cs">electric</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">energy</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">utilities</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">electric</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">energy</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">utilities</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">earnings</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><cs:tagFocus xmlns:cs="http://www.alacra.com/cs">earnings</cs:tagFocus><cs:tagMention xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tagMention><cs:tagMention xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tagMention><title>EDP: In Line 9M09 Results</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">450</cs:wcnum><description> EDP: In Line #M## Results EDPÂ (A#/A- Neg) reported #M## results after market close on ## October, that were broadly in line with consensus, with EBITDA rising by #.#% to â‚¬#,###mn (consensus around â‚¬#.#bn) and net income...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><title>EDP seeking buyer for EDP Energias do Brasil SA-</title><description>BRAZIL - In September ####, Energias de Portugal SA {EDP} annonced that it was seeking a buyer for its Electricity distribution Assets in Brazil, an electric utility asset.</description><pubDate>26 Sep 2009 10:13:56 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">27126F</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">81572I</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">268353</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">EDP Energias do Brasil SA- Electricity Distribution Asset</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Seeking Buyer</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Energias de Portugal SA{EDP}</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/EDP_seeking_buyer_for_EDP_Energias_do_Brasil_SA-2111805040</link><guid isPermaLink="false">sdc/2111805040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2111805040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Investment &amp; Commodity Firms,Dealers,Exchanges</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Unknown</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Investors, nec</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>6799</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>UN</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Unknown</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Private</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value>6799:Investors, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Electric, Gas, and Water Distribution</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Brazil</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Electric services</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>4911</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>12029001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Seeking buyer</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Elec utility</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Not Applicable</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1107178001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Sep 26 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value>1.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value>Seeking buyer</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value>Seeking buyer</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Seeking buyer</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">EDP Energias do Brasil</sdc:value><sdc:value sdc:p="1">SA-Electricity Distribution</sdc:value><sdc:value sdc:p="2">Asset, located in Brazil, is</sdc:value><sdc:value sdc:p="3">an electric utility asset.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">EDP Energias do Brasil SA-Electricity Distribution Asset,</sdc:value><sdc:value sdc:p="1">located in Brazil, is an electric utility asset.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>EDP Energias do Brasil SA-Electricity Distribution Asset, located in Brazil, is an electric utility 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">BRAZIL - In September 2009,</sdc:value><sdc:value sdc:p="1">Energias de Portugal SA {EDP}</sdc:value><sdc:value sdc:p="2">annonced that it was seeking</sdc:value><sdc:value sdc:p="3">a buyer for its Electricity</sdc:value><sdc:value sdc:p="4">distribution Assets in Brazil,</sdc:value><sdc:value sdc:p="5">an electric utility asset.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>BRAZIL - In September 2009, Energias de Portugal SA {EDP} annonced that it was seeking a buyer for its Electricity distribution Assets in Brazil, an electric utility asset.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">BRAZIL - In September 2009, Energias de Portugal SA {EDP} annonced that it was seeking a</sdc:value><sdc:value sdc:p="1">buyer for its Electricity distribution Assets in Brazil, an electric utility asset.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>BRAZIL - In September 2009, Energias de Portugal SA {EDP} annonced that it was seeking a buyer for its Electricity distribution Assets in Brazil, an electric utility asset.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">BRAZIL - In September 2009, Energias de Portugal SA {EDP} annonced that it was seeking a buyer for its Electricity distribution Assets in</sdc:value><sdc:value sdc:p="1">Brazil, an electric utility asset.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>S 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sdc:p="0">4911:Electric services</sdc:value><sdc:value sdc:p="1">6719:Offices of holding companies, nec</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>12029001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Unknown</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>6799</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Unknown</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">4911:Electric services</sdc:value><sdc:value sdc:p="1">4923:Natural gas transmission and distribution</sdc:value><sdc:value sdc:p="2">4924:Natural gas distribution</sdc:value><sdc:value sdc:p="3">4931:Electric and other services combined</sdc:value><sdc:value sdc:p="4">4939:Combination utilities, nec</sdc:value><sdc:value sdc:p="5">6719:Offices of holding companies, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1981004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Euronxt L</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Portugal</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>4923</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>ECP</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Euro_Utilities_Watts_Up_In_September-89086</link><cs:docid xmlns:cs="http://www.alacra.com/cs">89086</cs:docid><guid isPermaLink="false">cs/89086</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">After a quiet summer, our first Watts Up since July sees issuance rebounding from an August low to over â‚¬11 billion in September.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">amoulder</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">fnicolas</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">vattenfall</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">enbw</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">centrica</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">edf_electricite_de_france</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">rwe</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">gas_natural_sdg_sa</cs:company><cs:country xmlns:cs="http://www.alacra.com/cs">gb</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">de</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">pt</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">fr</cs:country><cs:csid xmlns:cs="http://www.alacra.com/cs">89086</cs:csid><pubDate>22 Sep 2009 11:09:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">89086</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">utilities</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">energy</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">electric</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">gas</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><title>Euro Utilities: Watts Up In September</title><description> Euro Utilities: Watts Up In September The Euro utility sectorÂ has been fairly light on news over the summer, but now that Europe is back from holidays activity has resumed with utility issuance roaring backÂ in September.

So far the...</description><cs:type xmlns:cs="http://www.alacra.com/cs">EuroUtilitiesWattsUpReport</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">European Utilities Watts Up</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">3668</cs:wcnum><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/bir/498182</link><bir:docid xmlns:bir="http://www.alacra.com/bir">498182</bir:docid><guid isPermaLink="false">bir/498182</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><bir:class xmlns:bir="http://www.alacra.com/bir">9</bir:class><bir:company xmlns:bir="http://www.alacra.com/bir">Energias de Portugal S.A.</bir:company><bir:company xmlns:bir="http://www.alacra.com/bir">EDP</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">Portugal</bir:cou><pubDate>18 Sep 2009 09:56:00 EST</pubDate><bir:descr xmlns:bir="http://www.alacra.com/bir">Utilities: Head of a Group of Companies, which is one of Europe's major operators in the electricity sector and a leading business group in Portugal. The Company has interests in the promotion, evolvement and management - directly or indirectly - of capit</bir:descr><bir:exch xmlns:bir="http://www.alacra.com/bir">OTC</bir:exch><bir:naics xmlns:bir="http://www.alacra.com/bir">221122</bir:naics><bir:revenue xmlns:bir="http://www.alacra.com/bir">M</bir:revenue><bir:sic xmlns:bir="http://www.alacra.com/bir">4911</bir:sic><bir:size xmlns:bir="http://www.alacra.com/bir">I</bir:size><bir:snaics xmlns:bir="http://www.alacra.com/bir">517910</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">524210</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">531210</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">551112</bir:snaics><bir:ssic xmlns:bir="http://www.alacra.com/bir">4899</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">6531</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">6411</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">6719</bir:ssic><bir:ticker xmlns:bir="http://www.alacra.com/bir">EDPFY</bir:ticker><title>Energias de Portugal S.A.</title><description>Utilities: Head of a Group of Companies, which is one of Europe's major operators in the electricity sector and a leading business group in Portugal. The Company has interests in the promotion, evolvement and management - directly or indirectly - of capit</description><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item><item><link>http://www.alacrastore.com/research/s-and-p-credit-research-Utility_EDP_Energias_de_Portugal_Outlook_Revised_To_Negative_On_High_Debt_A_A_2_Ratings_Affirmed-737869</link><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">737869</spcred:docid><guid isPermaLink="false">spcred/737869</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>04 Aug 2009 03:23:02 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><title>Utility EDP - Energias de Portugal Outlook Revised To Negative On High Debt; 'A-/A-2'Ratings Affirmed</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><description>The latest News from S&amp;P</description><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Portugal</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Electric Utilities</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">PRT</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">55101010 551010 5510 55</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">EDP - Energias de Portugal, S.A.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">337597</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">EDP@PL</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">NEWS</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">UTIL</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/s-and-p-credit-research-Research_Update_Utility_EDP_Energias_de_Portugal_Outlook_Revised_To_Negative_On_High_Debt_A_A_2_Ratings_Affirmed-737870</link><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">737870</spcred:docid><guid isPermaLink="false">spcred/737870</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>04 Aug 2009 03:23:02 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Research Update: Utility EDP - Energias de Portugal Outlook Revised To Negative On High Debt; 'A-/A-2'Ratings Affirmed</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:type><description>The latest Research Update from S&amp;P</description><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Portugal</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Electric Utilities</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:index_entry_disptype><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">PRT</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">55101010 551010 5510 55</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">EDP - Energias de Portugal, S.A.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">337597</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">EDP@PL</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">RESUPD</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">NLD</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">26835P</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">N2887P</spcred:index_entry_seccusip><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">EDP Finance B.V.</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">339425</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">1403Z@NA</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">UTIL</spcred:index_entry_sector><category>Credit &amp; 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It has diversified</sdc:value><sdc:value sdc:p="8">into petrochemistry and the</sdc:value><sdc:value sdc:p="9">desalination of seawater.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Societe Nationale Recherch Exploration Commercialisation</sdc:value><sdc:value sdc:p="1">Hydrocarbures, located in Hydra, Algeria, provides oil and</sdc:value><sdc:value sdc:p="2">gas production, exploration, extraction, transport, and</sdc:value><sdc:value sdc:p="3">refining services. It has diversified into petrochemistry</sdc:value><sdc:value sdc:p="4">and the desalination of seawater.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Societe Nationale Recherch Exploration Commercialisation Hydrocarbures, located in Hydra, Algeria, provides oil and gas production, exploration, extraction, transport, and refining services. It has diversified into petrochemistry and the desalination of seawater.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Combined cycle plant owned by</sdc:value><sdc:value sdc:p="1">Energias de Portugal SA {EDP},</sdc:value><sdc:value sdc:p="2">located in Portugal, is an</sdc:value><sdc:value sdc:p="3">electric utility.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Combined cycle plant owned by Energias de Portugal SA {EDP},</sdc:value><sdc:value sdc:p="1">located in Portugal, is an electric utility.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Combined cycle plant owned by Energias de Portugal SA {EDP}, located in Portugal, is an electric utility.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>21 Jul 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 21 Jul 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 07/21/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. Part. 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">PORTUGAL - Societe Nationale</sdc:value><sdc:value sdc:p="1">Recherch Exploration</sdc:value><sdc:value sdc:p="2">Commercialisation</sdc:value><sdc:value sdc:p="3">Hydrocarbures {Sonatrach} of</sdc:value><sdc:value sdc:p="4">Algeria planned to acquire a</sdc:value><sdc:value sdc:p="5">25% stake in the combined</sdc:value><sdc:value sdc:p="6">cycle plant of Energias de</sdc:value><sdc:value sdc:p="7">Portugal SA {EDP}, an</sdc:value><sdc:value sdc:p="8">electric utility.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>PORTUGAL - Societe Nationale Recherch Exploration Commercialisation Hydrocarbures {Sonatrach} of Algeria planned to acquire a 25% stake in the combined cycle plant of Energias de Portugal SA {EDP}, an electric utility.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">PORTUGAL - Societe Nationale Recherch Exploration Commercialisation Hydrocarbures</sdc:value><sdc:value sdc:p="1">{Sonatrach} of Algeria planned to acquire a 25% stake in the combined cycle plant of</sdc:value><sdc:value sdc:p="2">Energias de Portugal SA {EDP}, an electric utility.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">PORTUGAL - Societe Nationale Recherch Exploration Commercialisation Hydrocarbures {Sonatrach} of Algeria planned to acquire a 25% stake in the combined cycle plant of Energias de Portugal SA {EDP}, an</sdc:value><sdc:value sdc:p="1">electric utility.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">PORTUGAL - Societe Nationale Recherch Exploration Commercialisation Hydrocarbures {Sonatrach} of Algeria planned to acquire a 25% stake</sdc:value><sdc:value sdc:p="1">in the combined cycle plant of Energias de Portugal SA {EDP}, an electric 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services</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>6801001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>Algeria</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>999A</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Government</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">4911:Electric services</sdc:value><sdc:value sdc:p="1">4923:Natural gas transmission and distribution</sdc:value><sdc:value sdc:p="2">4924:Natural gas distribution</sdc:value><sdc:value sdc:p="3">4931:Electric and other services combined</sdc:value><sdc:value sdc:p="4">4939:Combination utilities, nec</sdc:value><sdc:value sdc:p="5">6719:Offices of holding companies, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1981004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Euronxt L</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Portugal</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>4923</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>ECP</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-EDP_A_Downgrade_On_The_Horizon-52731</link><cs:docid xmlns:cs="http://www.alacra.com/cs">52731</cs:docid><guid isPermaLink="false">cs/52731</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">EDP's acquisition of Horizon Wind makes strategic sense but we expect it will bring a downgrade to A3/A-.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">amoulder</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:company><cs:country xmlns:cs="http://www.alacra.com/cs">pt</cs:country><cs:csid xmlns:cs="http://www.alacra.com/cs">52731</cs:csid><pubDate>30 Jun 2009 08:09:41 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">52731</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">utilities</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">electric</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">energy</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">renewable_energy</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">ma_activity</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><title>EDP: A Downgrade On The Horizon?</title><cs:type xmlns:cs="http://www.alacra.com/cs">CompanyComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Company Article</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1487</cs:wcnum><description> EDP: A Downgrade On The Horizon? EDP has announced the purchase of US wind developer and operator Horizon Wind Energy for an equity value of $#.## billion

We think the deal fits with EDP's strategy, but in our view the additional financing,...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PBC_118089</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PBC_118089</moodys:docid><guid isPermaLink="false">moodys/PBC_118089</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:index_mode><pubDate>26 Jun 2009 01:04:03 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Energias de Portugal, S.A.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Energias de Portugal, S.A.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">450300</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">300.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">25 Jun 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Energias de Portugal (EDP)</title><description>...Energias de Portugal, S.A (EDP; rated A#/P-# with a stable outlook) is Portugal's dominant electric utility, accounting for around ##% of installed capacity in conventional generation, ###% of distribution and ##% of liberalised supply in ####. EDP currently owns, directly and indirectly, #% of Redes EnergÃ©ticas Nacionais, SGPS, S.A. (REN), the country's sole concessionaire for the transmission grid. Including its ##.#% ownership of Hidroelectrica del Cantabrico (HC Energia; rated Baa#/P-# stable outlook), a Spanish energy company with operations mainly in the north of Spain, EDP ranks fourth overall in Spain following the Gas Natural/Union Fenosa tie-up. Its subsidiary, EDP RenovÃ¡veis (EDPR), holds its renewables businesses, a key growth area for the company, with a particular focus in Iberia and the US, following its #### acquisition of US wind farm operator Horizon Wind Energy LLC (Horizon). EDP also has interests in Brazil via its ##.#% holding in Energias do Brazil with around an #%...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Euro_Utilities_Asset_Sales_And_Capital_Increases-85467</link><cs:docid xmlns:cs="http://www.alacra.com/cs">85467</cs:docid><guid isPermaLink="false">cs/85467</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We believe the recent â‚¬1.325 billion capital increase by Iberdrola demonstrates the fragility of the market for asset sales, and the possible need for other utilities to issue equity to meet credit metric targets and maintain ratings.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">amoulder</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">veolia</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">iberdrola</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">e_on</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">edp_energias_de_portugal</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">edf_electricite_de_france</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">gas_natural_sdg_sa</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">enel_spa</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">vattenfall</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">national_grid</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">rochester_gas_electric</cs:company><cs:country xmlns:cs="http://www.alacra.com/cs">de</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">fr</cs:country><cs:country xmlns:cs="http://www.alacra.com/cs">es</cs:country><cs:csid xmlns:cs="http://www.alacra.com/cs">85467</cs:csid><pubDate>17 Jun 2009 11:09:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">85467</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">europe</cs:region><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">utilities</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">electric</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">pipelines_mlps</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">energy</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">euro_markets_issuers</cs:tag><title>Euro Utilities: Asset Sales And Capital Increases</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Article</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">2130</cs:wcnum><description> Euro Utilities: Asset Sales And Capital Increases We believe the recent â‚¬#.### billion capital increase by Iberdrola demonstrates the fragility of the market for asset sales.

According to company presentations the major Euro...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/COP_450300</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">COP_450300</moodys:docid><guid isPermaLink="false">moodys/COP_450300</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><pubDate>13 Jun 2009 08:26:25 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Energias de Portugal, S.A.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Energias de Portugal, S.A.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">450300</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">12 Jun 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Credit Opinion</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Energias de Portugal, S.A.</title><description>Global Credit Research Credit Opinion ## JUN ####   Credit Opinion: Energias de Portugal, S.A. Energias de Portugal, S.A. Lisbon, Portugal Ratings Category Moody's Rating Outlook Stable Issuer Rating A# Senior Unsecured -Dom Curr A#...</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_180737_600050452</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_180737_600050452</moodys:docid><guid isPermaLink="false">moodys/PR_180737_600050452</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><pubDate>10 Jun 2009 04:33:00 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">EDP Finance B.V.</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Hidroelectrica del Cantabrico, S.A.</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Energias de Portugal, S.A.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">EDP Finance B.V.; Energias de Portugal, S.A.; ...</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600050452</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600015564</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">450300</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">09 Jun 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Moody's downgrades EDP to A3/P-2; HC to Baa1; outlook stable</title><description>Global Credit Research Rating Action # JUN ####   Rating Action: EDP Finance B.V. Moody's downgrades EDP to A#/P-#; HC to Baa#; outlook stable Approximately equivalent USD ##.#billion of long-term debt affected London, ## June #### --...</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><title>Novas Energias do Occidente acquires Gamesa Corp Tecnologica-Wind from Gamesa (pending)</title><description>SPAIN - Novas Energias do Occidente SA, a wholly-owned unit of Energias de Portugal SA{EDP}, agreed to acquire the thirty five wind turbines of Gamesa Corp Tecnologica SA. Terms were not disclosed.</description><pubDate>28 Apr 2009 08:26:00 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">67025K</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">36549X</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">268353</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">36495P</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Novas Energias do Occidente SA</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Gamesa Corp Tecnologica-Wind Turbines(35)</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Energias de Portugal SA{EDP}</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Gamesa Corp Tecnologica SA {Gamesa}</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Novas_Energias_do_Occidente_acquires_Gamesa_Corp_Tecnologica_Wind_from_Gamesa-2068545040</link><guid isPermaLink="false">sdc/2068545040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2068545040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Electric, Gas, and Water Distribution</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Portugal</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Cogeneration, alternative energy sources</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>499A</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>499A:Cogeneration, alternative energy sources</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">4911:Electric services</sdc:value><sdc:value sdc:p="1">4923:Natural gas transmission and distribution</sdc:value><sdc:value sdc:p="2">4924:Natural gas distribution</sdc:value><sdc:value sdc:p="3">4931:Electric and other services combined</sdc:value><sdc:value sdc:p="4">4939:Combination utilities, nec</sdc:value><sdc:value sdc:p="5">6719:Offices of holding companies, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Machinery</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Spain</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Turbines and turbine generator sets</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>3511</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>685096001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Elec utility</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Mnfr,ret wind turbines</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Unspecified</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1080359001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Apr 28 2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Novas Energias do Occidente SA</sdc:value><sdc:value sdc:p="1">is an owner and operator of</sdc:value><sdc:value sdc:p="2">cogeneration plants,</sdc:value><sdc:value sdc:p="3">headquartered in Portugal. The</sdc:value><sdc:value sdc:p="4">company is EDP Group's</sdc:value><sdc:value sdc:p="5">subsidiary for the development</sdc:value><sdc:value sdc:p="6">of projects in the renewable</sdc:value><sdc:value sdc:p="7">energies sector in the Iberian</sdc:value><sdc:value sdc:p="8">Peninsula and Europe.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Novas Energias do Occidente SA is an owner and operator of</sdc:value><sdc:value sdc:p="1">cogeneration plants, headquartered in Portugal. The company</sdc:value><sdc:value sdc:p="2">is EDP Group's subsidiary for the development of projects in</sdc:value><sdc:value sdc:p="3">the renewable energies sector in the Iberian Peninsula and</sdc:value><sdc:value sdc:p="4">Europe.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Novas Energias do Occidente SA is an owner and operator of cogeneration plants, headquartered in Portugal. The company is EDP Group's subsidiary for the development of projects in the renewable energies sector in the Iberian Peninsula and Europe.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Wind Turbines (35) of Gamesa</sdc:value><sdc:value sdc:p="1">Corporacion Tecnologia SA,</sdc:value><sdc:value sdc:p="2">located in Spain, manufactures</sdc:value><sdc:value sdc:p="3">turbines.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Wind Turbines (35) of Gamesa Corporacion Tecnologia SA,</sdc:value><sdc:value sdc:p="1">located in Spain, manufactures turbines.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Wind Turbines (35) of Gamesa Corporacion Tecnologia SA, located in Spain, manufactures 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Terms were not disclosed.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SPAIN - Novas Energias do Occidente SA, a wholly-owned unit of Energias de Portugal</sdc:value><sdc:value sdc:p="1">SA{EDP}, agreed to acquire the thirty five wind turbines of Gamesa Corp Tecnologica SA.</sdc:value><sdc:value sdc:p="2">Terms were not disclosed.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>SPAIN - Novas Energias do Occidente SA, a wholly-owned unit of Energias de Portugal SA{EDP}, agreed to acquire the thirty five wind turbines of Gamesa Corp Tecnologica SA. Terms were not disclosed.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SPAIN - Novas Energias do Occidente SA, a wholly-owned unit of Energias de Portugal SA{EDP}, agreed to acquire the thirty five wind</sdc:value><sdc:value sdc:p="1">turbines of Gamesa Corp Tecnologica SA. 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xmlns:sdc="http://www.alacra.com/sdc">Energias de Portugal SA{EDP}</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">innovent GmbH</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/EDP_Renovaveis_Brasil_acquires_Windfarm_Elebras_Cidreira_from_innovent_GmbH-2058371040</link><guid isPermaLink="false">sdc/2058371040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2058371040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Electric, Gas, and Water Distribution</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Brazil</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Cogeneration, alternative energy sources</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>499A</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Joint Venture</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value>499A:Cogeneration, alternative energy sources</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">4911:Electric services</sdc:value><sdc:value sdc:p="1">4923:Natural gas transmission and distribution</sdc:value><sdc:value sdc:p="2">4924:Natural gas distribution</sdc:value><sdc:value sdc:p="3">4931:Electric and other services combined</sdc:value><sdc:value sdc:p="4">4939:Combination utilities, nec</sdc:value><sdc:value sdc:p="5">6719:Offices of holding companies, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Electric, Gas, and Water Distribution</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Brazil</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Cogeneration, 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2009</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">EDP Renovaveis Brasil, located</sdc:value><sdc:value sdc:p="1">in Brazil, owns and operates</sdc:value><sdc:value sdc:p="2">wind farms.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">EDP Renovaveis Brasil, located in Brazil, owns and operates</sdc:value><sdc:value sdc:p="1">wind farms.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>EDP Renovaveis Brasil, located in Brazil, owns and operates wind farms.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Windfarm Elebras Cidreira,</sdc:value><sdc:value sdc:p="1">located in Cidreira, Brazil,</sdc:value><sdc:value sdc:p="2">owns and operates wind farms.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Windfarm Elebras Cidreira, located in Cidreira, Brazil, owns</sdc:value><sdc:value sdc:p="1">and operates wind farms.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Windfarm Elebras Cidreira, located in Cidreira, Brazil, owns and operates wind farms.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>Brazilian Real</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>18 Mar 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Wed, 18 Mar 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 03/18/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date 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Real</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>6.20000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>6.20000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>6.2 Brazilian Real</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.43900</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>1.93900</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>2.72300</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>2.72300</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPE><sdc:value>0.00000</sdc:value></sdc:j_MPE><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">BRAZIL - EDP Renovaveis</sdc:value><sdc:value sdc:p="1">Brasil, a 55:45 joint venture</sdc:value><sdc:value sdc:p="2">unit EDP Renovaveis SA (ER),</sdc:value><sdc:value sdc:p="3">a unit of Energias de</sdc:value><sdc:value sdc:p="4">Portugal SA{EDP}(EP) and</sdc:value><sdc:value sdc:p="5">Energias do Brasil, a unit of</sdc:value><sdc:value sdc:p="6">EP?s ER subsidiary, agreed to</sdc:value><sdc:value sdc:p="7">acquire Windfarm Elebras</sdc:value><sdc:value sdc:p="8">Cidreira, a Cidreira-based</sdc:value><sdc:value sdc:p="9">owner and operator of wind</sdc:value><sdc:value sdc:p="10">farms, from innovent GmbH,</sdc:value><sdc:value sdc:p="11">for 6.2 million reais ($ 2.7</sdc:value><sdc:value sdc:p="12">mil US).</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>BRAZIL - EDP Renovaveis Brasil, a 55:45 joint venture unit EDP Renovaveis SA (ER), a unit of Energias de Portugal SA{EDP}(EP) and Energias do Brasil, a unit of EP?s ER subsidiary, agreed to acquire Windfarm Elebras Cidreira, a Cidreira-based owner and operator of wind farms, from innovent GmbH, for 6.2 million reais ($ 2.7 mil US).</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">BRAZIL - EDP Renovaveis Brasil, a 55:45 joint venture unit EDP Renovaveis SA (ER), a unit</sdc:value><sdc:value sdc:p="1">of Energias de Portugal SA{EDP}(EP) and Energias do Brasil, a unit of EP?s ER subsidiary,</sdc:value><sdc:value sdc:p="2">agreed to acquire Windfarm Elebras Cidreira, a Cidreira-based owner and operator of wind</sdc:value><sdc:value sdc:p="3">farms, from innovent GmbH, for 6.2 million reais ($ 2.7 mil US).</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">BRAZIL - EDP Renovaveis Brasil, a 55:45 joint venture unit EDP Renovaveis SA (ER), a unit of Energias de Portugal SA{EDP}(EP) and Energias do Brasil, a unit of EP?s ER subsidiary, agreed to acquire</sdc:value><sdc:value sdc:p="1">Windfarm Elebras Cidreira, a Cidreira-based owner and operator of wind farms, from innovent GmbH, for 6.2 million reais ($ 2.7 mil US).</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">BRAZIL - EDP Renovaveis Brasil, a 55:45 joint venture unit EDP Renovaveis SA (ER), a unit of Energias de Portugal SA{EDP}(EP) and</sdc:value><sdc:value sdc:p="1">Energias do Brasil, a unit of EP?s ER subsidiary, agreed to acquire Windfarm Elebras Cidreira, a Cidreira-based owner and operator of</sdc:value><sdc:value sdc:p="2">wind farms, from innovent GmbH, for 6.2 million reais ($ 2.7 mil 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services</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1073774001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_NATION><sdc:value>Germany</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>8711</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Private</sdc:value></sdc:upt1_STATUS><sdc:x_RANK1_VALUE><sdc:value>2.72300</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>6.20000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>2.72300</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>1.93900</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><title>Applus Servicios Tecnologicos acquires Ambitec Laboratorio from EDP</title><description>SPAIN - Applus Servicios Tecnologicos SL acquired Ambitec Laboratorio Medioambiental SA, a Madrid- based provider of consulting and environmental management services, from Hidrocantabrico Energia SA, a unit of Energias de Portugal SA {EDP}. Terms were not disclosed.</description><pubDate>13 Mar 2009 10:29:21 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">00566F</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">02394J</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">00566F</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">268353</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Applus Servicios Tecnologicos SL</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Ambitec Laboratorio Medioambiental SA</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Applus Servicios Tecnologicos SL</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Energias de Portugal SA{EDP}</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Applus_Servicios_Tecnologicos_acquires_Ambitec_Laboratorio_from_EDP-2056990040</link><guid isPermaLink="false">sdc/2056990040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2056990040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Business Services</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Spain</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Testing laboratories</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>8734</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Private</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">4785:Inspection and fixed facilities for motor vehicles</sdc:value><sdc:value sdc:p="1">7389:Business services, nec</sdc:value><sdc:value sdc:p="2">7549:Automotive services, except repair and carwashes</sdc:value><sdc:value sdc:p="3">8734:Testing laboratories</sdc:value><sdc:value sdc:p="4">8748:Business consulting services, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">4785:Inspection and fixed facilities for motor vehicles</sdc:value><sdc:value sdc:p="1">7389:Business services, nec</sdc:value><sdc:value sdc:p="2">7549:Automotive services, except repair and carwashes</sdc:value><sdc:value sdc:p="3">8734:Testing laboratories</sdc:value><sdc:value sdc:p="4">8748:Business consulting services, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Business Services</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Spain</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Business consulting services, 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and</sdc:value><sdc:value sdc:p="3">certification services in the</sdc:value><sdc:value sdc:p="4">infrastructure, construction &amp;</sdc:value><sdc:value sdc:p="5">transportation, food &amp;</sdc:value><sdc:value sdc:p="6">agriculture, arts, textile,</sdc:value><sdc:value sdc:p="7">cosmetics, damage surveys &amp;</sdc:value><sdc:value sdc:p="8">claims, environment, materials</sdc:value><sdc:value sdc:p="9">&amp; industrial processes,</sdc:value><sdc:value sdc:p="10">information technology,</sdc:value><sdc:value sdc:p="11">measurement equipment</sdc:value><sdc:value sdc:p="12">calibration, electronics,</sdc:value><sdc:value sdc:p="13">mining &amp; geotechnics and</sdc:value><sdc:value sdc:p="14">automotive technical</sdc:value><sdc:value sdc:p="15">innovation and engineering</sdc:value><sdc:value sdc:p="16">sectors. It inspects the</sdc:value><sdc:value sdc:p="17">execution of infrastructure</sdc:value><sdc:value sdc:p="18">projects, processing of</sdc:value><sdc:value sdc:p="19">expropriations, and</sdc:value><sdc:value sdc:p="20">cartography; mining services</sdc:value><sdc:value sdc:p="21">include supervision of</sdc:value><sdc:value sdc:p="22">extraction, blasting,</sdc:value><sdc:value sdc:p="23">commercialization of mineral</sdc:value><sdc:value sdc:p="24">resources and terrain studies.</sdc:value><sdc:value sdc:p="25">It provides consultation</sdc:value><sdc:value sdc:p="26">services for the transparency</sdc:value><sdc:value sdc:p="27">in art market operations to</sdc:value><sdc:value sdc:p="28">avoid fraud, evaluation of</sdc:value><sdc:value sdc:p="29">textile and cosmetic products</sdc:value><sdc:value sdc:p="30">to assure quality and</sdc:value><sdc:value sdc:p="31">conformity, provision of</sdc:value><sdc:value sdc:p="32">analysis and installation</sdc:value><sdc:value sdc:p="33">verification in industrial</sdc:value><sdc:value sdc:p="34">safety and electronics, in</sdc:value><sdc:value sdc:p="35">compliance with legal</sdc:value><sdc:value sdc:p="36">requirements, and for the</sdc:value><sdc:value sdc:p="37">inspection and loss adjustment</sdc:value><sdc:value sdc:p="38">of vehicles, shipping</sdc:value><sdc:value sdc:p="39">containers, goods, vessels and</sdc:value><sdc:value sdc:p="40">crafts in all phases of</sdc:value><sdc:value sdc:p="41">transportation. The company</sdc:value><sdc:value sdc:p="42">was founded on May 10, 1996.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Applus Servicios Tecnologicos SL, located in Barcelona,</sdc:value><sdc:value sdc:p="1">Spain, provides inspection and certification services in the</sdc:value><sdc:value sdc:p="2">infrastructure, construction &amp; transportation, food &amp;</sdc:value><sdc:value sdc:p="3">agriculture, arts, textile, cosmetics, damage surveys &amp;</sdc:value><sdc:value sdc:p="4">claims, environment, materials &amp; industrial processes,</sdc:value><sdc:value sdc:p="5">information technology, measurement equipment calibration,</sdc:value><sdc:value sdc:p="6">electronics, mining &amp; geotechnics and automotive technical</sdc:value><sdc:value sdc:p="7">innovation and engineering sectors. It inspects the</sdc:value><sdc:value sdc:p="8">execution of infrastructure projects, processing of</sdc:value><sdc:value sdc:p="9">expropriations, and cartography; mining services include</sdc:value><sdc:value sdc:p="10">supervision of extraction, blasting, commercialization of</sdc:value><sdc:value sdc:p="11">mineral resources and terrain studies. It provides</sdc:value><sdc:value sdc:p="12">consultation services for the transparency in art market</sdc:value><sdc:value sdc:p="13">operations to avoid fraud, evaluation of textile and</sdc:value><sdc:value sdc:p="14">cosmetic products to assure quality and conformity,</sdc:value><sdc:value sdc:p="15">provision of analysis and installation verification in</sdc:value><sdc:value sdc:p="16">industrial safety and electronics, in compliance with legal</sdc:value><sdc:value sdc:p="17">requirements, and for the inspection and loss adjustment of</sdc:value><sdc:value sdc:p="18">vehicles, shipping containers, goods, vessels and crafts in</sdc:value><sdc:value sdc:p="19">all phases of transportation. The company was founded on May</sdc:value><sdc:value sdc:p="20">10, 1996.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Applus Servicios Tecnologicos SL, located in Barcelona, Spain, provides inspection and certification services in the infrastructure, construction &amp; transportation, food &amp; agriculture, arts, textile, cosmetics, damage surveys &amp; claims, environment, materials &amp; industrial processes, information technology, measurement equipment calibration, electronics, mining &amp; geotechnics and automotive technical innovation and engineering sectors. It inspects the execution of infrastructure projects, processing of expropriations, and cartography; mining services include supervision of extraction, blasting, commercialization of mineral resources and terrain studies. It provides consultation services for the transparency in art market operations to avoid fraud, evaluation of textile and cosmetic products to assure quality and conformity, provision of analysis and installation verification in industrial safety and electronics, in compliance with legal requirements, and for the inspection and loss adjustment of vehicles, shipping containers, goods, vessels and crafts in all phases of transportation. The company was founded on May 10, 1996.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Ambitec Laboratorio</sdc:value><sdc:value sdc:p="1">Medioambiental SA, located in</sdc:value><sdc:value sdc:p="2">Madrid, Spain, provides</sdc:value><sdc:value sdc:p="3">consulting and environmental</sdc:value><sdc:value sdc:p="4">management services for land,</sdc:value><sdc:value sdc:p="5">water, air, residue and</sdc:value><sdc:value sdc:p="6">combustibles. The company was</sdc:value><sdc:value sdc:p="7">founded on April 15, 1988.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Ambitec Laboratorio Medioambiental SA, located in Madrid,</sdc:value><sdc:value sdc:p="1">Spain, provides consulting and environmental management</sdc:value><sdc:value sdc:p="2">services for land, water, air, residue and combustibles. The</sdc:value><sdc:value sdc:p="3">company was founded on April 15, 1988.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Ambitec Laboratorio Medioambiental SA, located in Madrid, Spain, provides consulting and environmental management services for land, water, air, residue and combustibles. The company was founded on April 15, 1988.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>12 Mar 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Thu, 12 Mar 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 03/12/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFF><sdc:value>12 Mar 09</sdc:value></sdc:i_DATEEFF><sdc:i_DATEEFFS><sdc:value>Date Effective: 03/12/2009</sdc:value></sdc:i_DATEEFFS><sdc:i_DATEUNCON><sdc:value>12 Mar 09</sdc:value></sdc:i_DATEUNCON><sdc:i_DESCR><sdc:value>Acq. of 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">SPAIN - Applus Servicios</sdc:value><sdc:value sdc:p="1">Tecnologicos SL acquired</sdc:value><sdc:value sdc:p="2">Ambitec Laboratorio</sdc:value><sdc:value sdc:p="3">Medioambiental SA, a Madrid-</sdc:value><sdc:value sdc:p="4">based provider of consulting</sdc:value><sdc:value sdc:p="5">and environmental management</sdc:value><sdc:value sdc:p="6">services, from</sdc:value><sdc:value sdc:p="7">Hidrocantabrico Energia SA, a</sdc:value><sdc:value sdc:p="8">unit of Energias de Portugal</sdc:value><sdc:value sdc:p="9">SA {EDP}. Terms were not</sdc:value><sdc:value sdc:p="10">disclosed.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>SPAIN - Applus Servicios Tecnologicos SL acquired Ambitec Laboratorio Medioambiental SA, a Madrid- based provider of consulting and environmental management services, from Hidrocantabrico Energia SA, a unit of Energias de Portugal SA {EDP}. Terms were not disclosed.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">SPAIN - Applus Servicios Tecnologicos SL acquired Ambitec Laboratorio Medioambiental SA, a</sdc:value><sdc:value sdc:p="1">Madrid- based provider of consulting and environmental management services, from</sdc:value><sdc:value sdc:p="2">Hidrocantabrico Energia SA, a unit of Energias de Portugal SA {EDP}. Terms were not</sdc:value><sdc:value sdc:p="3">disclosed.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">SPAIN - Applus Servicios Tecnologicos SL acquired Ambitec Laboratorio Medioambiental SA, a Madrid- based provider of consulting and environmental management services, from Hidrocantabrico Energia SA,</sdc:value><sdc:value sdc:p="1">a unit of Energias de Portugal SA {EDP}. Terms were not disclosed.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">SPAIN - Applus Servicios Tecnologicos SL acquired Ambitec Laboratorio Medioambiental SA, a Madrid- based provider of consulting and</sdc:value><sdc:value sdc:p="1">environmental management services, from Hidrocantabrico Energia SA, a unit of Energias de Portugal SA {EDP}. Terms were not disclosed.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Completed</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Completed</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value 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nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1981004</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Euronxt L</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>Portugal</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>4923</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>ECP</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/594564</link><guid isPermaLink="false">spcred/594564</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">594564</spcred:docid><description>The latest Full Report from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>14 Feb 2009 03:19:41 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><title>EDP - Energias de Portugal, S.A.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Portugal</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Electric Utilities</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Utilities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Only vertically integrated utility in Portugal Significant earnings contribution of regulated Portuguese generation and distribution operations Significant business diversification Weak financial profile for the ratings Liberalization of the Iberian market Some exposure to Brazil The ratings on Portuguese electricity incumbent EDP - Energias de Portugal, S.A. reflect its dominant position in Portugal, where electricity demand growth exceeds the EU average and where it is the only vertically integrated energy utility. They are also supported by the significant share of earnings EDP derives from its regulated operations, and its business and geographic diversification. 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Energias de Portugal, S.A. Affirmed At 'A/A-1'; Off Watch; Outlook Stable</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:type><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Portugal</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Electric Utilities</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Utilities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">On Feb. 3, 2006, Standard&amp;Poor's Ratings Services affirmed its 'A' long-term and 'A-1' short-term corporate credit ratings on Portugal-based energy utility EDP - Energias de Portugal, S.A. At the same time, the ratings were removed from CreditWatch, where they had been placed with negative implications on July 30, 2004. The outlook is stable. The rating actions follow our review of the group's business and financial profiles, incorporating the recent and forthcoming developments in the Portuguese and Spanish electricity markets and the evolution of EDP's different operations. The ratings reflect EDP's strong business profile as the only vertically integrated energy utility in the Republic of Portugal (AA-/Stable/A-1+), where electricity demand growth exceeds the EU average. In addition, following the</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">PRT</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">55101010 551010 5510 55</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">EDP - Energias de Portugal, S.A.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">337597</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">EDP@PL</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">RESUPD</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">NLD</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">26835P</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">N2887P</spcred:index_entry_seccusip><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">EDP Finance B.V.</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">339425</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">1403Z@NA</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">UTIL</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/388703</link><guid isPermaLink="false">spcred/388703</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">388703</spcred:docid><description>The latest News from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>14 Feb 2009 03:18:18 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><title>Electricidade de Portugal S.A. Five-Year Revolving Credit Facility Rated 'A/Watch Neg'</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Portugal</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Electric Utilities</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Utilities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">LONDON (Standard&amp;Poor's) Aug. 5, 2004--Standard&amp;Poor's Ratings Services said today it assigned its 'A/Watch Neg' long-term senior unsecured debt rating to Portugal-based energy utility Electricidade de Portugal S.A.'s (EDP; A/Watch Neg/A-1) Â€1.3 billion five-year revolving credit facility. EDP's financing subsidiary, EDP Finance B.V. (A/Watch Neg/A-1), can also borrow from the facility. The facility will be used to: replace EDP's existing 'A/Watch Neg'-rated Â€700 million unsecured facility and its unrated Â€600 million facility due to mature in August 2004; as a backstop for the issue of commercial paper; and for general corporate purposes. The facility matures in 2009, and its pricing will move in line with any changes to the corporate credit rating on the company. There are</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">PRT</spcred:index_entry_primcountry><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">55101010 551010 5510 55</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">EDP - Energias de Portugal, S.A.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">337597</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">EDP@PL</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">NEWS</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">NLD</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">26835P</spcred:index_entry_seccusip><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">N2887P</spcred:index_entry_seccusip><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">EDP Finance B.V.</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">339425</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">1403Z@NA</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">UTIL</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Electric</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item></channel></rss>