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Misc Utility-Water Supply Nations writing new constitutions dont see it as the prototype to be followed. All have something in common with our president. Louis and Mila Versteeg of the University of Virginia, constitutional similarity to the United States has clearly gone into free fall. Over the s and s, democratic constitutions as a whole became more similar to the U. Constitution, only to reverse course in the s and s. The New York Times coverage of this study finds lots of possible reasons for the decline.

The U. Constitution, it says, is terse and old and guarantees relatively few rights. The commitment of some members of the Supreme Court to interpreting the Constitution according to its original meaning in the 18th century may send the signal that it is of little current use to, say, a new African nation, says the Times. And the Constitutions waning influence the Times adds, may be part of a general decline in American power and prestige.

The Constitution doesnt seem to be of much use to Barack Obama, either. The president who also thinks U. Obviously the framers failed to carve out enough power for the I branch of the government to suit him.

A lack of respect for the Constitution isnt peculiar to Obama. Its shared among Democrats, in particular, even Democrat-appointed Supreme Court jurists. Ruth Bader Ginsburg, a Clinton appointee, said last week on Egyptian television that if she were drafting a constitution in the year , she wouldnt look to ours. These documents are awash in enumerated rights, but enumerated rights are not the gold standard.

Roger Pilon, constitutional scholar at the Cato Institute, contends the more important characteristic of a nations founding charter is how it limits government. The framers protected rights mainly by limiting power, he said. Thats why they didnt think a bill of rights was even needed.

A look at the constitutions recommended by Ginsburg reveals that some of the rights they secure arent in fact natural rights at all but licenses to plunder. The right to food or health care can be provided only when someone elses right to the fruits of his labor or the use of his property has to be violated.

Were not ashamed to declare the U. Constitution a magnificent document that, along with the Declaration of Independence, forms the greatest national charter in human history. No other document has ever guarded freedom the way it has, and no other contract has provided such a foundation for prosperity. Its not perfect, but its as close to perfect as man has come.

National Peoples Action, a Chicago-based housingrights group, calls it a paltry down payment. How much is enough for NPA, whose war cry is Housing is our right, and we gonna take it!? NPA led the charge with Acorn against conservative mortgage lending standards in the run-up to the mortgage crisis. While President Clinton and his regulators attacked bankers in their boardrooms, NPA dispatched bus loads of goons to their doorsteps, where they trashed their yards and frightened their children.

All to extort more loans for bad credit risks. The reign of terror lasted more than a decade, and is picking back up again, as bankers are demonized and shaken down anew this time for doing too well what. And while Acorn is folding its national operations due to financial and legal woes, the battle-hardened NPA is revving up its attack machine and picking up Acorns slack. With a former organizer in the White House and a national climate favorable to advancing progressive policy changes, it is truly a moment that calls for a new level of vision, strategy and collaboration amongst organizing and advocacy groups, NPA told members in a platform statement, according to The Great American Bank Robbery by former IBD Washington bureau chief Paul Sperry.

The NPA network will take the lead on advancing a national racial- and economic-justice platform on housing and banking issues, the document continues. Now is an opportune time to press for greater public control of financial institutions. Opportune, indeed. And as radical as the NPA is, it enjoys West Wing access to press its case and surprising influence, the book reports. The work were doing has not been in vain, Barnes told the local black press upon returning to Chicago.

Radical organizer Saul The Red Alinsky identified banks as one of the power sectors topping the industrial food chain, and therefore a top target for such street agitators. This explains why his most famous acolyte, Obama, is at constant war with banks The target, therefore, should be the banks, Alinsky wrote in Rules for Radicals, the Bible of the Left. Obama helped train NPAs leaders in Alinskys bank shakedown tactics. Now, outrageously, he and the thugs he coached are demanding massive reparations for the damages that resulted from the lower underwriting standards that they demanded.

Banks had better build up more reserves. This gang is not finished. Does the president have any principles he wont sacrifice? In , he inveighed against the pernicious influence of big money in politics and pledged to fund his campaign with federal matching funds. In , Obama was so angry over the Supreme Courts Citizens United decision which made super-PACs possible he broke long-standing presidential tradition and publicly castigated the high court justices who attended his State of the Union speech.

Once again, for Obama, money trumps principles. Hes serious about campaign finance reform, but only if it helps Democrats. As his campaign manager Jim Messina said, We will not play by two sets of rules. Or, better, as Groucho Marx once said, These are my principles. And if you dont like them. Like Groucho, Obama always has others. Of course, Obama is merely an emblem of the Democrats wider hypocrisy on free speech. Democrats feign disgust at money in politics only when it lets conservative candidates get their message out.

In this, as in so many other things, theyre not really attacking money, per se. Theyre attacking free speech. The Constitution cant be any clearer: Congress shall make no law, the First Amendment says, abridging the freedom of speech, or of the press. Planned Parenthood Vs. When the feds assaulted First Amendment religious freedom, you could hear the crickets chirp.

Komen Foundation to Planned Parenthood and the ultimatum from the Obama administration that the Catholic Church and its institutions had a year to find a way to violate their consciences and beliefs and provide contraceptive services as mandated by ObamaCare.

On ABCs Feb. I think were going to hear a lot more of that over this campaign year. Well, not if it involves the Catholic Church and the Health and Human Services mandate that Catholic institutions such as hospitals, charities and schools must provide contraceptive services and coverage and that conscience protections written into current law are now null and void.

If there is any coverage, it will probably be along the lines of right-wing zealots threatening womens right to choose, just as the networks hyped right-wing pressure on Komen in initially cutting off its funding of Planned Parenthood. You will hear nothing about the First Amendment right of religious freedom, the ban on prohibiting the free exercise thereof or the ballyhoo about separation of church and state thats invoked by the left when convenient.

With 65 million Catholics watching their religious freedoms trampled by the state, this should be an election issue. It also should be an education issue, as Catholics operate more than 7, schools educating children of all faiths, backgrounds and economic conditions.

It should be a health issue as well, since one in six patients in the United States is in a Catholic hospital. How many hospitals will close, how many doctors will quit, how many charities also providing needed services will shut down rather than submit their consciences to the will of the state? This is a major story that has received scant coverage because it fails to send tingles up the legs of the secular progressives in the mainstream media.

There is no shortage of people to interview. No fewer than Catholic bishops have expressed public outrage over and opposition to the mandate by the Department of Health and Human Services. But as noted by David Addington, vice president of domestic and economic policy at the Heritage Foundation, its not just Catholics who are in revolt.

Its a sad commentary on their liberal and secular bias when the media ignore the Obama administrations assault on freedom of religion while rushing to the aid of a taxpayer-funded administration ally, Planned Parenthood. Oh, yes, it works nicely for the wealthiest and most powerful people in the country, especially if they want to shroud their efforts to influence politics behind shell corporations.

It just doesnt happen to work if you think we are a democracy and not a plutocracy. Two years ago, Citizens United tore down a centurys worth of law aimed at reducing the amount of corruption in our electoral system. It will go down as one of the most naive decisions ever rendered by the court. The strongest case against judicial activism against legislating from the bench, as former President George W.

Bush liked to say is that judges are not accountable for the new systems they put in place, whether by accident or design.

The Citizens United justices were not required to think through the practical consequences of sweeping aside decades of work by legislators, going back to the passage of the landmark Tillman Act in , who sought to prevent untoward influence-peddling and indirect bribery. If ever a court majority legislated from the bench with Bushs own appointees leading the way , it was the bunch that voted for Citizens United. Did a single justice in the majority even imagine a world of super-PACs and phony corporations set up for the sole purpose of disguising a donors identity?

Did they think that a presidential candidacy might be kept alive largely through the generosity of a Las Vegas gambling magnate with important financial interests in China? Did they consider that the democratizing gains made in the last presidential campaign through the rise of small online contributors might be wiped out by the brute force of millionaires and billionaires determined to have their way? The appearance of influence or access, furthermore, will not cause the electorate to lose faith in our democracy.

Those were Justice Anthony Kennedys words in his majority opinion. How did he know that? Did he consult the electorate? Did he think this would be true just because he said it? A democracy cannot function effectively, he wrote, when its constituent members believe laws are being bought and sold. But ascribing an outrageous decision to naivete is actually the most sympathetic way of looking at what the court did in Citizens United.

A more troubling interpretation is that a conservative majority knew exactly what it was doing: that it set out to remake our political system by fiat in order to strengthen the hand of corporations and the wealthy. Seen this way, Citizens United was an attempt by five justices to push future electoral outcomes in a direction that would entrench their approach to governance. In fact, this decision should be seen as part of a larger initiative by moneyed conservatives to rig the electoral system against their opponents.

How else to explain conservative legislation in state after state to obstruct access to the ballot by lower-income voters particularly members of minority groups through voter identification laws, shortened voting periods and restrictions on voter registration campaigns?

Conservatives are strengthening the hand of the rich at one end of the system and weakening the voting power of the poor at the other.

As veteran journalist Elizabeth Drew noted in an important New York Review of Books article, little attention is being paid to the fact that our system of electing a president is under siege. Those who doubt that Citizens United combined with a comatose Federal Election Commission has created a new political world with broader openings for corruption should consult reports last week by Nicholas Confessore and Michael Luo in the New York Times and by T.

Farnam in The Washington Post. Both accounts show how American politics has become a bazaar for the very wealthy and for increasingly aggressive corporations. We might consider having candidates wear corporate logos.

This would be more honest than pretending that tens of millions in cash will have no impact on how we will be governed. In the short run, Congress should do all it can within the limits of Citizens United to contain the damage it is causing. In the long run, we have to hope that a future Supreme Court will overturn this monstrosity, remembering that the first words of our Constitution are We the People, not We the Rich. Seems it always happens this way.

When will Washington recognize that the problem is the model? Thats a trillion dollars less than what was projected to be in the pot last year. The new trajectory suggests that the trust funds current depletion date of may jump ahead several years when Social Securitys trustees release their annual report this spring, making the retirement program more central to the election, IBDs Graham wrote.

That means the trust fund runs dry sooner than its projected bankruptcy date. So, after forking over Hows that for a raw deal? The question remains what to do about it: Continue on as if nothing has happened which is President Obamas solution? Or raise the retirement age and cut benefits which will work only until the pot runs dry again, necessitating another raise in the retirement age and cut in benefits, as GOP candidate Mitt Romney may be advocating.

Then theres the third way: to simply end the current dysfunctional model and allow workers to redirect their payroll taxes into their own personal retirement accounts. This has been portrayed as some kind of wild, right-wing plot. Arguing strongly for this latter model is the case of Chile, which faced a proportionally worse Social Security implosion in It opted to change its top-down model to a system of private accounts and has stunning success to show for it.

Savings channeled into the personal retirement accounts created an investment boom that propelled Chiles economy to the fore of developing nations. As a result of its success, Chile today is just one of two Latin American nations that belongs to the member wealthy nation club, the Organization for Economic Cooperation and Development.

Chiles workers see their retirement income correspond to their savings efforts, benefit from compound interest and market efficiencies which leaves them with far fatter checks, choose their own retirement dates, and own their accounts as actual property they can leave to heirs if they die early. No such luck with Social Security, whose only news is bad news. This issue ought to be front and center of this years election because this latest CBO report shows that time is getting short.

Politicians have been raiding the trust fund for years, replacing the money workers pay in with nonrecourse Treasury bonds that do not necessarily have to be repaid the name nonrecourse means Social Security contributors have no legal recourse if Congress decides not to pay. As for the real cash taken out of the trust fund, it was redirected to pay for government projects ranging from the Great Society welfare programs to the costs of the second Iraq War.

The propensity to spend workers retirement cash on political projects is lethal combined with the unstoppable demographic death spiral of more workers leaving the labor force than entering it, which is happening in all industrialized societies. Then theres the Obama economy, which has led to a jobs recession and early retirements from workers with no other options.

No wonder it looks like Social Security is headed to the land of no return. Now a trillion short, all thats certain is that not addressing the model means the problem will come again maybe not next year, but sooner than projected. Maybe the time has come to end the cycle of Social Security bankruptcy scares, allow workers who want out to opt out for private accounts, and end the crisis once and for all.

As evidence of the centrality of regulation, Congress passed and the president signed bills in , and just 81 by my count in ; but meanwhile, agencies finalized 3, rules of varying impact and consequence in alone. They do the bulk of the lawmaking now, it would seem. So lets compare the past two presidents first three years, as the president invited. I do this without chauvinism as a libertarian who also criticized Bush rulemaking, particularly his alltime record Federal Register of 79, pages upon leaving office in Said Federal Register just ended at a record-high 82,; thatll come down a tad bit due to corrections, but it compares unfavorably to Bush, State of the Union notwithstanding.

But as for total rules finalized during their first three years, Obama did indeed finalize fewer an average of 3, yearly compared with Bushs 4, three-year average. On the other hand, Bush started from Clintonera heights of an average of 4, during that presidents eight years, and Bush did manage to reduce annual totals to 3, during His overall trend was a downward slope in that sense but Obamas trend is from 3, in to 3, in thats not downward.

These get reported in the annual Unified Agenda, the year-end edition of which just appeared. Here, Bushs rules are far lower than Obamas. Regulatory Report Card Number of economically significant rules in the works during the first 3 years Long-term Active Completed.

See the accompanying chart. These rules are the ones that get the attention, like costly Environmental Protection Agency and Department of Transportation mandates.

On a lighter note, one may observe that both gentlemens numbers of long-term, wish-list regulations are similar. Theres always time to just say no to more regulating. How to deal with thousands of annual rules? Since Congress cant cut spending, it at least ought to liberalize, and avoid regulating frontier sectors like Internet, biotech, nanotech, and modern manufacturing and energy. The low-hanging-fruit solution is annual regulatory report card-style disclosure of regulatory facts and figures, which should accompany the federal budget every year without fail.

A bipartisan regulatory reduction commission to root out whats unneeded or counterproductive is also important. Legislation to require Congress to approve costly or controversial agency rules before they bind anybody is also needed. Whomever is the next president needs to control the American regulatory budget at least as well as the fiscal one. Sadly, thats a low hurdle, upon a mere moments reflection.

Insurers spending more must rebate to policyholders the excess. The goal is to make health insurers more efficient.

Setting aside the irony that the federal government is trying to improve private-sector efficiency, insurers are looking for ways to lower administrative costs. Health insurance brokers will likely take the biggest hit.

Some health insurers are dropping out of the individual market completely, while others are cutting back. And Crains New York adds that some 20, small groups, representing as many as , members will lose their coverage. So much for President Obamas claim that ObamaCare would increase competition.

Health insurers are investing in technology, such as sophisticated antifraud software, as a way to control admin costs. Thats why Humana recently acquired Anvita Health, which specializes in health care analytics. But fighting fraud is a two-edged sword: Anti-fraud software investment is added to admin costs.

If the software successfully reduces fraud, claim spending will go down. Since the MLR is a ratio, increasing admin costs to reduce claims costs could trigger the rebate, thus penalizing an insurer for going the extra mile. When the government gets involved, inefficiency is often more profitable. Maybe thats why one economist recently called the MLR an ad valorem tax on innovation. Insurers are also looking for ways to improve administrative efficiency, since they process an estimated 5 billion claims annually.

Claims that can be electronically adjudicated cost a health insurer around 85 cents to process. Thats a big difference when it costs two to three times more for each claim that must be handled manually.

Ed Peters, CEO of software company Open Connect, points out: Everyone knows there are significant inefficiencies in the claims payment process. The problem has been finding them and eliminating them in a sustainable way.

Fortunately, the best practice leaders are aggressively adopting analytics and automation technologies that are finding and eliminating those inefficiencies. And there is another cost problem imposed by ObamaCare: Wisconsin Insurance Commissioner Ted Nickel says that just processing those rebate checks could cost a small fortune for companies with thousands of policyholders and makes no economic sense if the rebate checks are small. Obamas effort to make health insurance more efficient and affordable has become a joke in the health insurance world and even in his own party.

Recently, bipartisan legislation was introduced to remove agent commissions from MLR calculations. Its a good start. Health insurance can be more efficient, but adopting new technologies, not putting thousands of agents out of work, is the way.

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Prices valid while supplies last. Investors Business Daily features a wide range of promising growth stocks every day, but its also smart to have some mutual funds in your portfolio. And just like with stocks, IBD has some long-standing views on how to go about investing in mutual funds. Todays Investors Corner column will go over some of those views, which arent featured that often in this space.

Youll get more mutual funds-related information in the next few columns. With the next edition of IBD, Investors Corner starts a series looking at mutual funds and other institutional investors.

In a word: no. When you purchase a mutual fund, what youre buying is longterm professional management to make decisions for you in the stock market, IBDs founder and chairman, William J. You should probably handle a mutual fund differently from the way you handle individual stocks. With mutual funds, on the other hand, patience is the name of the game. This means 10, 15, 20, or 25 years or longer. Sitting tight for that long requires enormous patience and confidence.

That can be established by a buy point from a base an area of price consolidation , or from a rebound off the stocks week moving average. With mutual funds, you dont necessarily need to look for a buy zone on a chart. Just pull the trigger. Anytime is the best time, ONeil says. You should focus on getting started and becoming regular and relentless about building capital that will compound over the years. But dont make the mistake of buying into the past years big winner.

That can come back to bite you. ONeil has noted that history suggests a winning fund probably will show much less impressive gains in the next year or two. Keep in mind that one advantage with mutual funds is that they can take care of some dirty work for you, especially when it comes to investing overseas. For many retail investors, it can be complicated to invest in foreign companies that arent listed on U.

But you can easily get exposure to such companies by investing in a mutual fund with stakes in those firms. The fund takes care of the details for you. Stocks with high volume vs. PNRA Days top 10 performers are boldfaced; worst 10 underlined. Top 10 Fidelity Industry.

Funds Since Jan. Financl Svcs Computers 9. While most industries around the world are struggling against rising raw materials costs, industries that use natural gas as a basic input are reveling in the lowest prices in a decade. That decline, and a gradual firming of demand, has helped boost three of four industries in IBDs chemicals sector to sharp advances over the past two months.

The sector is up to a No. The biggest moves came from the plastics and basic chemicals industry groups. The plastics group has a number of interesting stocks, but no real leaders.

Its top-rated stocks are either thinly traded, have singledigit sales or earnings growth, or are climbing out of extremely deep corrections. It also holds some stocks of potential interest. The Vancouver, B. We have significantly more upside potential to our production and earnings, President and Chief Executive Bruce Aitken said in the companys Q4 earnings statement. Methanex produces methanol a raw material refined from natural gas.

The liquid alcohol is used to produce a wide range of building products, paints and plastics. It is also increasingly in demand in China to extend the supply of gasoline, much like ethanol does today.

Its sales and earnings growth are on the light side, but it carries a Composite Rating of 93 and has methodically improved its after-tax margins for sevenstraight quarters. The company was to report results after Wednesdays close. The stock broke out of a choppy base in December. It has not presented a follow-on buying opportunity. This is crucial since most stocks follow the direction of the general market averages.

You should only buy stocks when the market is in a rising trend. You should raise some cash during correcting markets. The Big Picture highlights key turning points and tells you every day whether the market is in a confirmed uptrend or a correction.

Stock Ideas: IBD is filled with features to help you find potential winning stocks. Be sure to check out the IBD 50 every Monday to see the market's top 50 growth stocks, complete with commentary on those that may be nearing a potential buy point. Validate: Before buying any stock, go to Investors. See how the Stock Checkup rates your company and whether it's among the top 5 in its IBD industry group.

Read archived stories to understand the company's strengths, growth prospects and what sets it apart from rivals. Examine the stock using IBD Charts to pinpoint a lowrisk buying area. Then add quality candidates to My Stock Lists and be ready to act if the stock breaks out in heavy volume. For more on these features and concepts, set up a free session with an IBD Product Coach at coaching investors.

Product Coaches cannot and do not offer advice on individual stocks. Its yours free whether you become a subscriber or not! Do you have a simple, market-tested system that is helping you take advantage of the stock markets ups and downs; especially one that is FREE for 30 days, with no credit card required?

Firms with exceptional The top Chinese search earnings, sales and ROE are at the top of a sector. The stock has determine a proper buy point. Read archived stories offered multiple buy 60 to understand their business and advantages. Watsco 3. ABB 5. The for-profit educator was extended when it first appeared in March The stock did not offer a buy point before it broke through its week average in heavy volume two months later.

Both easily beat Wall Street forecasts. The stock is now far beyond a potential entry point at In all, six of the nine leaders rose during the regular session. Concho ResourcesCXO jumped 2. Past bull markets have shown that base-on-base patterns have led to powerful breakouts. The stocks Relative Strength line is near a new high.

The casual eatery added 2. Indexador Spread a Total. Energia Injetada GWh LAIR a 90 Lucro Real 48 24 LAIR a 26 Lucro Real 65 41 2. Receita operacional 1. Pes s oa l Recei ta s fi na ncei ra s 2 1 0 63 94 56 0 0 - 0 Des pes a s fi na ncei ra s 10 0 57 90 70 7 0 1 0 Resultado antes do imposto de renda 4 44 90 70 16 0 The release was made retroactively to the date of March 5, , which means, 11 months in advance in relation to the contractual term.

Parcel B increased by 6. The acquisition depends on the completion of precedent conditions and regulatory authorizations and, at the end of this process, it must hold Operating Highlights 1Q20 1Q21 Var. Sold Energy GWh 5, 5, 4. Conference Call. The audio of the calls will be transmitted live on the internet on the same site, remaining available after the event.

The table below represents the simplified version of the Equatorial Energia Group. The information contained in this section reflects the current shareholding structure, as it is in the same date of this Earnings Release.

These positions reflect a monitoring made by the Company. In this way, TLR was issued retroactively to data from March 5, It is worth noting that, although concluded, SPE 3 has not yet entered into operation, as it depends on the completion of section 10 of the same auction that is not under the responsibility of the Company.

For each SPE, the weighing of the physical development between lines and substations is based in the estimated capex for each part. Res i dentia l 2,, 2,, 7. On a consolidated basis in Equatorial, captive and free markets volumes grew by 4. It is important to highlight that the effects of the pandemic in relation to consumption were not fully captured in 1Q20, thus, considering the profile of our concession areas and the expansion of total consumption, the residential class was the less impacted segment, as can be seen by the 7.

This consumption behavior is linked to the consumers' response to the climatic conditions of the period, with rainfall below the historical average.

In addition, there was an increase in consumption due to the adoption of home-office due to the pandemic when compared to the same period last year, given that the restriction conditions started only at the end of March The industrial segment grew by Together, these sectors were responsible for The commercial segment presented an increase of 0.

It is worth mentioning that this sector of the economy has, thus far, been the segment most impacted by the pandemic, due to measures of social isolation and activity restriction. Thus, the expansion of consumption, although slight, indicates a re-heating of activities, despite the pandemic still in force. The class that most contributed positively to this result was Rural, which grew by On the other hand, a Public Power class decreased by 5.

This expansion is mainly due to the residential class growth of 9. It is important to highlight that in the same period of the previous year, 1Q20, we have a comparative basis without considering the significant Covid effects. In addition to the residential class, the commercial, rural and public service classes contributed to this behavior, with variations of 1.

The captive and free energy consumption of the industrial class, equivalent to The total consumption captive and free of the commercial class, increased by 1. Finally, other segments consumption rural, public entities, public lighting, public service and own consumption , which represents This behavior is mainly explained by the measures adopted to combat the pandemic, such as the substitution, in the public network, of presential classes by remote classes.

Among the factors that justify this increase, there are favorable weather conditions in the period, especially in the capital, Teresina, with an average. Despite the flexibilization of social isolation determinations in the state, the average consumption remained high, presenting an increase of 8. As a negative highlight, there is the Public Entities class, which is still impacted by the restrictive measures, resulting in a negative performance of 6 GWh In 1Q21, the energy sales for both captive and free markets of Equatorial Alagoas increased by 1.

The result was mainly driven by the behavior of the Residential class with an expansion of The residential class consumption, which correspond to The industrial segment captive and free , equivalent to Regarding this, it is worth noting that in 1Q21, the month of March registered an increase of 3.

This result is due to the drop of Res i denci a l - Low Income 1,, 2,, Among the efforts made, we highlight the possibility of registering via WhatsApp for new customers in this class, in addition to carrying out campaigns with the municipalities and developing tools that integrate information and facilitate the registration, in order to ensure that families that are entitled to social tariff can enjoy the benefit.

Finally, it is important to highlight that the number of consumers classified as low-income continues to grow strongly. There were more than thousand customers added in the last 12 months. Res i denti a l - Regul a r 1,, 1,, , , 4,, 1,, 1,, , , 4,, Res i denci a l - Low Income , , , , 1,, , , , 2,, Indus tri a l 7, 4, 2, 1, 16, 6, 4, 2, 1, 15, Commerci a l , , 92, 63, , , , 87, 66, , Others , , 86, 34, , , , , 43, , Total 2,, 2,, 1,, 1,, 7,, 2,, 2,, 1,, 1,, 7,, The months of January, February and March grew by 8.

The months of January, February and March grew by 6. In Alagoas, the volume of injected energy decreased by 1. In addition, the reduction is also due to the effect of combating losses, in which customers who are regularized tend to consume less than before.

Thus, the percentages above already incorporate the adjustment estimate because this topic is still to be discussed. Finally, it is worth noting that the return of teams in the field to combat losses only occurred in the middle of the last quarter, and as losses are calculated for the last 12 months, the failure to carry out the actions also affects the result obtained in this quarter.

Cons ol i dated Equatori al Alagoas 2. Equatori al Alagoas The delinquency provision of the Group's companies reflects the work that the Company has been carrying out to renegotiate debts and the possibility of resuming cuts in the supply of energy in the conventional residential class. On the collection perspective, we can see a strong improvement in the consolidated Collection Index IAR , improving by 2.

In the consolidated view, IAR reached The FEC, on the other hand, remained stable in relation to the previous quarter. Finally, in 1Q21, turnaround assets continue to evolve in their continuity indicators, with emphasis on Equatorial Alagoas with a 9. Economic and Financial Performance. The information in this section reflect the consolidation of the Financial Statements of Equatorial Energia.

Contributed to this performance:. In addition to the highlighted effects, we show below the breakdown of revenue in our distribution assets:. Operating Expenses 1Q20 1Q21 Var. The accumulated IPCA in the period was 6. Construction Cost 85 Construction Cost 79 Translate PDF. Market is the place where many people trade and exchange goods and services, which is formed as the requirements of production, social life and regular activities for specific needs.

There are at least 50 market places in urban areas and 30 market places in rural areas. The market is divided into three classes: Class 1 with over market places, located in the important centers of commerce of the province or city, and surface area matched the scale of market activities ; Class 2 with from to market places, located in the center of economic exchange of the region. Supermarket is a modern type of groceries or specialized stores; selling variety of goods with quality assurance; meeting the standards of business area, technical equipment and level of business management and organization; having civilized and convenient service to satisfy the shopping needs of customers.

Supermarket is divided into three classes: Grocery class 1 business area of 5, m2 or more and 20, items or more , Specialized class 1 business area of 1, m2 or more and 2, items or more , Grocery class 2 business area of 2, m2 or more and 10, items or more , Specialized class 2 business area of m2 or more and 1, items or more. Grocery class 3 business area of m2 or more and 4, or more , Specialized class 3 business area of m2 or more and items or more.

Exported goods include domestic goods and re-export goods which are exported to the rest of the World or sent to bonded warehouse or to the commercial free zone to subtract from the stock of material resources of the country. They may be re-packaged without changing the nature of the goods excluding goods temporarily take out of the country with inspecting and supervising of custom agency and re-import in the specitied time limit under regulation of law.

Imported goods are foreign goods and re-import goods entered Vietnam from the rest of the World, bonded warehouses or the commercial free zone to add the stock of material resources of the country. They may be re-packaged without changing the nature of the goods excluding goods temporarily take out of the country with inspecting and supervising of custom agency and re-export in the specitied time limit under regulation of law.

Value of exports is total value of all goods which subtract from the stock of material resources of Vietnam by leaving Vietnamese economic territory over certain period of time. Value of exports is calculated at FOB. FOB values include the transaction value of goods and the value of services performed to deliver goods to the border of the exporting country. Value of imports is total value of all goods which add to the stock of material resources of Vietnam by entering Vietnamese economic territory over certain period of time.

Value of exports is calculated at CIF. Trade balance of goods is the difference between the value of exports and imports in Vietnam over a certain period of time.

When export value exceeds import value, a positive balance of trade is known as a trade surplus. On the contrary, a negative balance of trade is known as a trade deficit. SITC- Rev. Tourism Travelling turnover is an indicator reflecting the turnover of travelling businesses from business activities including package and semi- package tours for domestic and foreign tourists; tourism information providing and consulting; tour planning; tourist guide and tourist agent setting for other units.

Expenditure by foreign visitors to Vietnam is the total amount of spending by international visitors to travel or representative for tourists for travel during the travel and stay in Vietnam. Expenditure by domestic tourists is the total amount spent by domestic tourists to travel or representative for tourists for travel during the travel and places to stay. In case, commodities are not priced and can be bargained, consumer price is the final price of commodity paid by consumers.

Consumer price index CPI is indicator reflecting the tendency and change in the price of "basket" of selected consumer goods and services in a certain period of time.

Price of basket of goods and services in base period is set at , and in other periods is calculated in percentage as compared to that of base period.