Commission File Number 32297

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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F ___X___ Form 40-F _______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________________

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SUMMARY OF RESOLUTIONS OF THE

238^th MEETING OF THE BOARD OF DIRECTORS

 

CPFL Energia S.A. informs its shareholders and the market in general, that at the 238^th Meeting of the Board of Directors held on March 26, 2014 the following matters were resolved:

 

1.1          Approval and Vote Recommendation:

1.1.1 Financial statements and allocation of the net income of CPFL Energia and subsidiaries for the fiscal year ending on December 31, 2013;

Note: It is important to highlight that the dividends distribution for the second half of 2013 will be announced to the market on March 27, 2014, after the closing of BM&FBOVESPA, jointly with the announcement of 2013 results. On this date, the Company will announce: the total amount of dividends in reais, the price per share in reais and the date of the shareholding position. The payment date will be defined by the Company and announced to the market at an opportune time;

1.1.2 Global remuneration of the Management and the Fiscal Council of CPFL Energia and subsidiaries for the period from May 2014 to April 2015. 

 

1.2     Approval:

1.2.1 Short-Term Incentive Plan – Calculation of the result of 2013 Goals Plan of the Board of Executive Officers (CPFL Energia);

1.2.2 Convening of the Ordinary General Shareholders’ Meeting for April 29, 2014.

 

1.3    Other matters unrelated to CVM Instruction 358/2002, as amended.

 

São Paulo, March 26, 2014.

 

 

 

 

CPFL ENERGIA S.A.
	By:	/S/  GUSTAVO ESTRELLA
	Name: Title:	Gustavo Estrella  Chief Financial Officer and Head of Investor Relations