EDP - Energias de Portugal SA was incorporated in 1976 as a result of the nationalisation and merger of Portuguese companies in the electricity sector operating in mainland Portugal. The Company is a vertically integrated utility company. It is a generator, distributor and supplier of electricity and gas in Portugal and Iberian Peninsula. The Company is also a wind power operator with facilities for renewable energy generation in the Iberian Peninsula, the United States, Brazil, France, Belgium, Poland, Romania and Italy and is developing wind farms in the UK and Canada. The Company also generates solar photovoltaic energy in Portugal and Romania and has electricity generation, distribution and supply activities in Brazil. The Company has four operating segments - Long term contracted generation in Iberia, Liberalised activities in Iberia, Regulated Networks in Iberia, EDP Renovavels and EDP Brasil. The Long Term Contracted Generation in Iberia segment corresponds to the activity of electricity generation of plants with CMEC and SRP plants in Portugal and Spain. The Liberalised Activities segment in Iberia corresponds to the activity of unregulated generation and supply of electricity and gas in Portugal and Spain. The EDP Renováveis segment corresponds to the power generation activity through renewable energy resources and includes all the companies of EDPR Europe, EDPR North America and EDPR Brasil subgroups. The EDP Brasil segment includes the activities of electricity generation, distribution and supply in Brazil, and is composed by the Holding EDP Energias do Brasil, S.A. and all its subsidiaries, with the exception of EDP Renováveis Brasil which is included in the EDP Renováveis segment.
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