Shareholders Structure (Date: 03/31/2014):

Notes:(1) Controlling shareholders;(2) Includes the 0.1% stake of Camargo Corrêa S.A.;(3) Includes the 0,2% stake of Petros e Sistel pension funds;(4) 51.54% stake of the availability of power and energy of Serra da Mesa HPP, regarding the Power Purchase Agreement between CPFL Geração and Furnas.

Fact Sheet 1Q14

CPFL Energia is a publicly held holding company made up of companies in the distribution, generation and sales of electric power and value-added services segments. It is the largest privately-owned group in the Brazilian electric industry. With more than 100 years of history behind it and a strategic orientation aligned with society’s expectations, the Group is grounded in sound ethical principles that reflect its commitment to excellence and corporate sustainability. Its companies

are considered benchmarks of management, quality and operational efficiency.

Following its Initial Public Offer (IPO) in September 2004, CPFL Energia became the first private sector company in Brazil to simultaneously trade its shares on Bovespa’s Novo Mercado (New Market) and the New York Stock Exchange (ADR Level III), which requires implementation of the highest standards of corporate governance.

Corporate Profile

On May 08, 2014, dividends for the 2H13 were paid to holders of common shares traded on the BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros S.A. (BM&FBOVESPA). The total declared amount was R$ 568 million, corresponding to R$ 0.590062200 per share.

Adding the amount of R$ 363 million, related to the 1H13 (paid in October 2013), the total declared amount for the full year of 2013 was R$ 931 million, correspon-ding to R$ 0.967344326 per share.

CPFL Energia has presented a payout ratio close to 95% since its IPO, respecting the constitution of the legal reserve of 5%.

The 2H13 dividend yield, calculated on the average of the closing quotations in the period (R$ 19.80 per share) is 3.0% (4.8% in the last 12 months).

2

CPFL has distributed dividends around the entire net income since its IPO, reaching the mark of R$ 11.2 billion distributed.

Declaration of dividend of 2H13: R$ 568 million | 0.59/share

1) Considering last two half years’ dividend yield 2) Refers to declared dividend. Payment in the next half year. 3) Considers share price adjusted for reversal stock split and simultaneous split of shares on June 29, 2011 (not adjusted per dividends).

486748 758

640456

363

655722498

401

140

842719 774

602 572606612

7.9%

3.7%

9.1% 8.7% 9.6% 10.9% %6.8%7.97.6% 7.3%6.5% 6.9% 6.0% 6.1% 4.6% 3.9%

7.1%7.6%

8.299.43

11.6715.02 14.13

15.87 17.99 18.05 18.4416.69 15.7720.18 22.05 21.95 26.30 22.78 21.11

16.51

Dividends and Dividend Yield

Declared Dividends 2 (R$ million)

Dividend Yield 1

(last 12 months)Average Closing Price3

CPFE3 (R$/ON)

2H10 1H11 1H122H11 2H12 1H132H04 2H09 1H102H062H051H05 1H07 2H07 1H08 1H092H081H06 2H13

568

4.8%

19.80

Dividends

Operations

COM

MER

CIAL

IZAT

ION

Nect Serviços

DIS

TRIB

UTI

ON

CPFL Geração

HPP Luis Eduardo Magalhães

HPP Serra da Mesa

HPP Foz do Chapecó

HPP Campos Novos

HPP Barra Grande

Ceran Complex HPP Monte Claro HPP Castro Alves HPP 14 de Julho

35 SHPs 17 (SP), 8 (MG), 1 (MT), 5 (SC), 4(RS)

37 Wind Farms 12 (CE), 21 (RN) and 4 (RS)

8 Biomass 5 (SP), 1 (RN), 1 (MG) and 1 (PR)

1 Solar Plant (SP)

9 SHPs7 (SP), 2 (MG)

3 TPPs – Fuel Oil2 (PB), 1 (SP)G

ENER

ATIO

N

1

2

3

4

5

6

7

8

9

10

11

12

3,457

3,739

31Q1 41Q1

+8.2%

3,5173,734

31Q1 41Q1

+6.2%

1,055

787

31Q1 41Q1

-25.4%1,081 1,086

31Q1 41Q1

+0.5%

-7.9%

-57.0%405

174

31Q1 41Q1

429396

31Q1 41Q1

IFRS

Adjusted Income Statement3

Net Revenue1 (R$ million) EBITDA2 (R$ million) Net Income (R$ million)

1Q13 1Q14

Vendas totais de energia - GWh1

14,408

3,586

10,414 11,355

+4.1%

-11.9%

+18.9%

+9.0%

15,000

3,161

485408

13.9% Industrial

26.8% TUSD

28.8% Residential (+1.6 p.p.)

(+0.5 p.p.)

(-1.4 p.p.)

(-1.3 p.p.)

(+0.6 p.p.)

16.2% Commercial

14.3% Others

.

Commercialization/ Conventional Generation3

Captive Market (Distribution)

CPFL Renováveis2

Sales by Consumer Class – 1Q14

1Q13 1Q14

Vendas totais de energia - GWh1

14,408

3,586

10,414 11,355

+4.1%

-11.9%

+18.9%

+9.0%

15,000

3,161

485408

13.9% Industrial

26.8% TUSD

28.8% Residential (+1.6 p.p.)

(+0.5 p.p.)

(-1.4 p.p.)

(-1.3 p.p.)

(+0.6 p.p.)

16.2% Commercial

14.3% Others

.

Commercialization/ Conventional Generation3

Captive Market (Distribution)

CPFL Renováveis2

Sales by Consumer Class – 1Q14

CPFE3 (R$) 1 CPL (US$) 1

In 03/31/2014 18.03 16.33Maximum - 52 weeks 22.42 22.33 Minimum - 52 weeks 14.95 12.85 Total Stocks2 962,274,260Mkt Cap - R$ billion 17.9 Mkt Cap - US$ billion 7.9 Exchange - PTAX Sale 2.2630

3

Note: Take into account CPFL’s stake in each conventional generation asset. 1) Disregard CCEE and sales to related parties. 2) Take into account 58.8% of CPFL Renováveis. 3) Take into account provision adjustment of -13 GWh in 1Q13.

Note: In parentheses, the variation in percentage points from 1Q13 to 1Q14.

1) Financial covenants criteria. 2) LTM EBITDA (covenants criteria)

Note: 1) Disregard construction revenues; 2) EBITDA is calculated from the sum of net income, taxes, financial result and depreciation/amortization (3) Adjusted figures consider the regulatory assets and liabilities and exclude the non-recurring items, in addition to Generation and CPFL Renováveis Proportional Consolidation.

1) Financial debt (+) private pension fund (-) hedge (considering IFRS criteria).

1) With earnings adjustment2) Date: Mar/2014 Source: Economatica

10.012.6

2011 2012 2013 1Q14

2.73 2.89

12.8

3.58

12.2

3.59

68% CDI 22% TJLP

7% Pre�xed 3% IGP

Gross Debt Breakdown 1Q141

Adjusted Net Debt/Adjusted EBITDA2

Net Debt (R$ billion)1

Adjusted Net Debt

BM&FBovespa -2.6% -2.1%

IEE

-5.4%

NYSE

DJIACPL DJBr20

IBOVCPFE3

1.1%-0.3%-0.4%

Shares performance 1Q14 (with earnings adjustment)

10.012.6

2011 2012 2013 1Q14

2.73 2.89

12.8

3.58

12.2

3.59

68% CDI 22% TJLP

7% Pre�xed 3% IGP

Gross Debt Breakdown 1Q141

Adjusted Net Debt/Adjusted EBITDA2

Net Debt (R$ billion)1

Adjusted Net Debt

Market

Financial Performance

Stock market performance

Sustainability andCorporate Responsibility

4

INVESTOR RELATIONSCPFL Energia

Rodovia Engenheiro Miguel Noel Nascentes

Burnier, 1.755, Km 2,5CEP 13.088-900 |

Campinas, São PauloTel: (19) 3756-6083

Fax: (19) 3756-6089www.cpfl.com.br/ir

ri@cpfl.com.br

Corporate Governance

CPFL Energia is recognized for its pioneering actions and constant improvements to its governance systems, based on the principles of transparency, fairness, accountability and corporate responsibility. The Company has been a member of the “Company Circle” since its creation in 2005, an organization that brings together corporations from a number of Latin American countries that demonstrate leadership in adopting the best corporate governance practices:

Listing on the market segments that require the highest corporate governance practices — Novo Mercado of the BM&FBovespa and Level III ADRs of the NYSE;

Certification of internal controls by the managers (CEO and CFO) and the independent auditors, pursuant to the Sarbanes Oxley Act (SOX);

Board of Directors with seven members, one being independent;

Fiscal Council with responsibilities of an Audit Committee, in compliance with SOX rules;

Three Board of Directors Advisory Committees: Personnel Management, Related Parties and Management Procedures;

Plan of Succession for the Board of Executive Officers and the CPFL Group’s main executives;

Code of Ethics and Corporate Conduct; Corporate Governance Guidelines applicable to CPFL

Energia and its subsidiaries; Dividends and Securities Trading Policies; Corporate Risk Management Policy and Standard

Assessment of Internal Controls, approved by the Board of Directors;

Internal controls of the Board of Directors, the Fiscal Council and the Committees;

Annual Report in accordance with the guidelines of the Global Reporting Initiative (GRI);

Whistle-blowing channels for receiving complaints and/or allegations concerning financial information and Code of Ethics violations (SOX);

Annual Self-Evaluation of the members of the Board of Directors and the Fiscal Council;

Board of Directors members certified by the Brazilian Institute of Corporate Governance (IBGC);

Dissemination of a General Shareholders’ Meetings Participation Manual, with the possibility of designating proxies without cost to represent the minority shareholders;

Corporate Governance Portal offering full access of information to the members of the Board of Governors and Fiscal Council.

Anticorruption Policy applicable to CPFL Energia and subsidiaries that signed the Code of Ethics;

Integrated Reporting Pilot Program, which the Company participates.

The decisions taken by CPFL Energia in its businesses, operations and rela-tionships are guided by a wide-ranging and systemic point of view that takes into account economic, social and environmental variables as a whole.

It is the Company’s understanding that in order to be sustainable and to gua-rantee, simultaneously, the permanence of its businesses and the generation of value for stakeholders, the balance between these three factors must be pursued and based on ethics and transparency.

Visit the www.cpfl.com.br/energias-sustentaveis website and discover CPFL Energia’s Sustainability Platform, a management tool we use to monitor our progress.

A CPFL Energia é uma holding de capital aberto formada por empresas que atuam nos segmentos de distribuição, geração e comercialização de energia elétrica e serviços de valor agregado, formando o maior grupo privado do setor elétrico brasileiro. Com quase 100 anos de história e orientada por direcionadores estratégicos alinhados com as expectativas da sociedade, o Grupo se apoia em sólidos princípios éticos que reiteram seu compromisso com a excelência e a sustentabilidade empresarial.

Suas empresas são consideradas referências em gestão, qualidade e e� ciência operacional. Com a Oferta Pública Inicial (IPO), realizada em setembro de 2004, a CPFL Energia tornou-se a primeira empresa privada nacional a negociar suas ações, simultaneamente, no Novo Mercado Bovespa e na Bolsa de Nova Iorque – ADR Nível III – que exigem a implementação dos mais elevados padrões de governança corporativa.

1 Inclui 0,1% de ações da empresa Camargo Corrêa S.A.2 Acionistas Controladores3 Compreende 13 empresas: Santa Clara I, II, III, IV, V, VI, Eurus VI, Campo dos Ventos, I, II, III, IV e V e Eurus V.

Free Float25,7% %6,21%0,13 30,7%

100%100%

100%

100%100%

100%

100%

100%

100%

65%

25,01%

48,72%

100%

100%

51%

51%

100%

59,93%

5,94%

99,95%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

100%

Investco

Paulista Lajeado

Parques Eólicos3

Chapecoense Geração S.A.

Reconhecida como uma das empresas com melhores práticas de governança corporativa da América Latina, a CPFL Energia atua para aprimorar constantemente o seu sistema de governança, fundamentada nos princípios da transparência, equidade, prestação de contas e responsabilidade corporativa. Seus diferenciais são:

Diretrizes de Governança Corporativa aplicáveis à CPFL Energia;

Código de Ética e de Conduta Empresarial;

Política de Gestão Corporativa de Riscos e Norma de Avaliação de Controles Internos aprovadas pelo Conselho de Administração;

Políticas de Dividendos e de Negociação de Valores Mobiliários;

atório Anual em consenso com as diretrizes da Global Reporting Initiative (GRI);

Conselho de Administração composto por sete membros, sendo um conselheiro independente;

Conselho Fiscal com atribuições de Comitê de Auditoria em atendimento às regras da SOX;

Três Comitês de Assessoramento ao Conselho de Administração (Gestão de Pessoas, Partes Relacionadas e Processos de Gestão);

Autoavaliação anual dos membros do Conselho de Administração e do Conselho Fiscal;

Plano de Sucessão da Diretoria Executiva e dos principais executivos do Grupo CPFL;

independentes ;

Canais de denúncia para recebimento de reclamações e/ou denúncias relativas a

Listagem nos segmentos de mercado que requerem práticas mais avançadas de governança corporativa (Novo Mercado e ADRs nível III);

de 30,7%;

Manual para participação em Assembleias;

Portal de Governança;

Regras de funcionamento do Conselho de Administração, Comitês e Conselho Fiscal estabelecidas em Regimento Interno.

Relações com InvestidoresCPFL Energia – Rodovia Campinas-Mogi Mirim, km 2,5 | CEP 13088-900 | Campinas | SP

.com.br

A CPFL Energia busca criar valor de forma equilibrada aos diferentes públicos com os quais interage, por meio de iniciativas e programas fundamentados em sólidos

nos relacionamentos da empresa com todos os seus stakeholders.

Para isso, a empresa desenvolveu critérios que direcionam seus esforços em quatro principais frentes estratégicas:

Acesse o portal e conheça com detalhes todos os programas:

Rating AA+

EFPC 3 (R$) CPL (US$)4 oãça rop oçerP 6,39 87,41

Máxima – 52 semanas 46,39 87,41 Mínima – 52 semanas 34,84 57,31 Valor de mercado - R$ bilhões 22,3 Valor de mercado - US$ bilhões 13,7

Número de ações2 481.137.130 Taxa de conversão3 1,6287

31/03/2011

1Sem ajuste por proventos2Data base: 31/mar/20113Dólar Ptax Venda

Perfomance das ações - 1T11 (com proventos)

Bovespa-1,0%

12,6%

IEE CPFE3

9,7%

Nyse

6,4%

13,8%

3,1%

DJIA CPLDJBr20

Contribuição para a Sustentabilidade de Projetos, Instituições e Comunidades.

Interação com grupos multissetoriais (Governos, Empresas, ONGs, Universidades e Institutos de Pesquisas).

Promoção do Diálogo e Comunicação para a Sustentabilidade.

Participação ativa em grupos intersetoriais que visam o aprimoramento de políticas públicas e o desenvolvimento de ferramentas para a gestão da sustentabilidade.

IBOV

Fact_Sheet_PORTUGUES_1T11_impresso.indd Sec2:1 07.07.11 15:12:29