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For the month of December, 2004

Commission File Number 1-14668

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 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____

COMPANHIA PARANAENSE DE ENERGIA - COPEL
Corporate Taxpayers’ ID (CNPJ) # 76.483.817/0001-20
PUBLICLY TRADED COMPANY
CVM Registration 1431 - 1

EXTRACT OF THE MINUTES OF THE 107TH MEETING OF THE BOARD OF DIRECTORS
(Free translation from original in Portuguese)

1. VENUE: Rua Coronel Dulcídio nº 800, Curitiba - PR. 2. DATE AND TIME: December 7, 2004 – 2pm (Brasília Time). 3. BOARD: João Bonifácio Cabral Júnior - Chairman. Paulo Cruz Pimentel – Executive Secretary. 4. DELIBERATIONS: 1. Approved: a) the participation of Copel in the Special Purpose Company (“SPE”) Gralha Azul Transmissora de Energia S.A.; b) indication by Copel’s executive officers of names for the positions of Executive Officers and members of Board of Directors of the SPE, being Ronald Thadeu Ravedutti as CEO; João Landi de Souza Mello as Technical Director; Nelson Buhr Toniatti and Francisco Sérgio Barreto Munhoz da Rocha as Board Members; Lourival Lovato and Edilson Antônio Catapan as Substitute Board members; and c) the advance, by Copel, of sixteen thousand reais as anticipation of 10% of the Company’s capital stock equivalent to Copel’s stake in the SPE. 2. Approved the forth ammendment to the mutual agreement, between Copel Participações and Centrais Elétricas do Rio Jordão S.A. – Elejor. 3. Appraisal of the details of the Paraná Digital program, for the effectiveness of the agreement between State Education Secretary and Copel. 4. Approval of the 2005 ordinary meeting calendar for the Board of Directors. 5. SIGNATURES: JOÃO BONIFÁCIO CABRAL JÚNIOR - Chairman; ACIR PEPES MEZZADRI; AMÉRICO ANTONIO GAION; LINDSLEY DA SILVA RASCA RODRIGUES; LUÍS ANTÔNIO ROSSAFA, SÉRGIO BOTTO DE LACERDA; LAURITA COSTA ROSA; PAULO CRUZ PIMENTEL – Executive Secretary.-------------------------------------------------------------------

The full version of the Minutes of the 107th Board of Directors Meeting was drawn up in the Book # 5, registered at the Companies Registrar of the Paraná State under # 00/056085-5, as of August 8, 2000.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COMPANHIA PARANAENSE DE ENERGIA — COPEL

By:	/S/ Rubens Ghilardi
	Rubens Ghilardi Principal Financial Officer

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.