EMAE Empresa Metropolitana de Aguas e Energia SA (EMAE) is a Brazil-based company involved in the energy sector. The Company is engaged in the planning, construction, operation and maintenance of systems of production, storage and commercialization of energy, as well as the operation of flood control system. The Company has the concession for operation of five hydroelectric plants: Henry Borden, Porto Goes, Rasgao, Izabel and Edgard de Souza, which form a power generation complex located in the Brazilian region of Alto Tiete. Additionally, the Company operates two pumping stations. As of December 31, 2011, the Companyâ€™s subsidiary was Pirapora Energia SA. As of February 22, 2012, the Company's major shareholders were Eletrobras, with a 39.02% stake, and the government of the state of Sao Paulo, with 38.99%.