Operator

Good morning, ladies and gentlemen, and welcome to Companhia Paranaense de Energia, COPEL's video conference to discuss the earnings for the first quarter of 2026. This video conference is being recorded and will be available on the company's website, ri.copel.com. The presentation is also available for download.

[Operator Instructions] Before proceeding, I would like to note that the forward-looking statements made during this conference call related to Copel's business perspectives, projections and operational and financial targets are based on the beliefs and assumptions of Copel's management and on information currently available.

These statements may involve risks, uncertainties and assumptions as they relate to future events and therefore, may differ materially from actual results. This video conference is presented by Mr. Daniel Slaviero, CEO of Copel; Felipe Gutterres, CFO of Copel as well as directors of the subsidiaries who will be available for the Q&A session. I would now like to turn the floor to Copel's CEO, Daniel Slaviero, who will begin the presentation. Please, Daniel, you may proceed.

Daniel Slaviero
CEO & Member of Executive Board

Good morning, everyone. I thank you for attending our video conference. I would like to start with the quarter's highlights when we delivered robust results even facing an operational and market scenario that was extremely challenging. In generation, we faced an adverse environment with GSF of 92% and curtailment of