CPFL Energia is a holding company that, throught its subsidiaries,

distributes, commercializes and generates energy in Brazil,

standing as the largest private group in the Brazilian electric

sector. Its subsidiaries are widely recognized for its excellence

and sustainability of their business practices and regarded as

benchmarks in management, quality and operating effi ciency.

After the IPO in September 2004, CPFL Energia became the

first Brazilian private company to simultaneously trade on

the São Paulo Stock Exchange (Bovespa Novo Mercado) and

on the NYSE as Level III ADR, both requiring the highest

levels of Corporate Governance practices.

28.6% 31.1% 12.7%

Free Float

27.6%

99.99%

100%

100%

100% 100%

100%

99.95%

100%

90.15%

59.93%89.81%

100%

87.80%

89.75%

90.15%

96.56%100%

100%

48.72%

51%

65%

100%

25.01%

Corporate Profi le

Corporate Structure

Service Territory

CPFL Energia announced dividend based on

the second half-year of 2007 in the amount

of R$ 719 million, which corresponds to

R$ 1.49 per share approximately. This dividend

represent 95% of CPFL net profit, a measure

which surpasses the current dividend policy

which stipulates a payout of not less than

50% of net income adjusted half-yearly. The

2H07, annualized half-yearly dividend yield,

calculated as the average share price over the

period (R$ 35.99) is 9.7%. The Shares were

considered ex-dividend on March 07, 2008.

DividendsDeclared Dividend (R$ millions) vs. CPFE3 Price (R$)

722

2H06

498

2H05

401

1H05

140

2H04 1H07

842

2H07

719

Declared Dividend1 Average Price

16.5818.85

23.33

30.0528.25

31.74

35.99

Dividend Yield last (12 months2)

612

1H06

3.7% 6.5% 9.1% 8.7% 9.6% 10.9% 9.7%

Since the IPO (2H04), CPFL Energia’s dividend yield has already reached 49,7%3

1Declared dividend: payment in the next half year | 2Half year daily closing price average | 3IPO’s price per

share: R$ 17.22

Financial Performance

Net Revenue (R$ million) Ebitda (R$ million) Net Income (R$ million)

Debt breakdownAdjusted Net Debt / EBITDA4 (R$ billion)

Net Debt/EBITDA

4 Last 12 months EBITDA

9,4102,628

7,9122,133

16.5%314.4%3

20064Q06 20074Q07

3,345

2,789

19.9%

2006 2007

781

684

14.2%

4Q06 4Q07

1,643373

5% Dollar

3% Dollar

31% TJLP

30% TJLP

41% CDI51% CDI

22% IGP

16% IGP

1,404345

17.0%7.9%

2006

dec|06

4Q06 2007

dec|07

4Q07

4.39

6.28

2.85

4.92 3.78

2.25

3.70

1.74

4.42

1.57

5.09

20062005200420032002 2007

2006 2007

Total Energy Sales – GWh 1

7.5%

41,112

31,778

9,334

Captive Market

Free Market

Sales by Customer Class – 20072

1 Excluding transactions between group’s companies (consolidation accounting criteria), CCEE and generation sales (except to the free market) | 2Captive Market

³Including non-recurring effect of write-off of liability energy free

Market

32.3% Industrial

30.5% Residential

18.3% Commercial

7.1% Rural

11,.7% Others

Fact Sheet 4Q07 | 2007 | CPFL Energia

44,196

35,245

8,951

Adjusted Net Debt

1.53

CPFL Energia’s success is supported by clearly defined

business strategies and by management excellence

criteria directed to the sustained growth of its

businesses.

Value Creation Agenda Goals

Value

Liquidity

Security

Strategies

Operational Effi ciency

Synergic Growth

Financial Discipline

Sustainability and Social Responsibility

Differentiated Corporate Governance

CPFL Energia adopts differentiated practices of Corporate

Governance, based on the principles of transparency, fair

ness, accountability and corporate responsibility.

Shares are listed on Bovespa’s Novo Mercado and ADS’s

Level III on the New York Stock Exchange

100% of Common Shares with 100% of Tag Along

Free Float of 27.6%

Subsidiary Companies’ Bylaws aligned to CPFL Energia Bylaws

Financial Statements in compliance with US GAAP and BR

GAAP standards

Report in consensus with Global Reporting Initia tive-GRI

Board of Directors consists of seven members, one being

independent

3 Board Advisory Committees to the Board of Directors

Board of Directors and Fiscal Council self-evaluation

Review of Ethics and Corporate Conduct based on recom

mendations in the Sarbanes-Oxley Act

CPFL complies with section 404 of the Sarbanes-Oxley Act

CPFL Energia believes that the pursuit of sustainability is a process

that demands the constant and innovative management of economic,

environmental and social impacts together with the maintenance of

ethical and transparent relationships with all its stakeholders.

The company has a management model structured on a diversity of

programs classifi ed in the following groups:

Environment Environmental education for the communities

Conservation of biodiversity

Conscientious corporate consumption.

New Clean Development Mechanism

Technologies and Projects (MDL)

Community CPFL Program of Volunteerism

Municipal Council Support Program for the

Rights of Children and Adolescents (CMDCA)

The CPFL Program for the Revitalization of

Philanthropic Hospitals

Internal

Personnel

Program of Refl ection and Ethical Management

Respect for Diversity Program

Value Chain

Knowledge

Management

Value Network

The Tear Program

CPFL Culture

Communications for Sustainability

CPFE32 (R$) CPL3 (US$)

Shares Price 33.67 56.66

Maximum – 52 weeks 40.44 67.28

Minimum – 52 weeks 27.80 38.70

Market Cap R$ 16.2 Bilhões

US$ 9.1 Bilhões

Market Cap 479,910,938

Exchange Rate2 R$/ US$ 1.77

1 Without income adjustments212/28/2007 | 3 12/31/2007

Ownership breakdown

72.4% Controlling block

27.6% Free-fl oat

Fact Sheet 4Q07 | 2007 | CPFL Energia

Investor Relations

CPFL Energia – Rodovia Campinas Mogi-Mirim, Km 2,5 | Zip Code 13088.900 | Campinas | SP

Phone: 55 19 3756-6083 | Fax.: 55 19 3756-6089 | www.cpfl .com.br/ir | ri@cpfl .com.br

Corporate Governance Sustainability and Social Responsibility

Shares’ Information1