The main objective of this work is to a propose indicators for supporting the construction of monitoring metrics of RandD activities, with the aim of adding value to their results and of transforming them into innovation. As manager of Light s RandD Program with Aneel (Brazil s electricity regulatory agency) program, the author found the motivation to make a contribution towards assisting Brazilian firms in the electricity distribution sector to perceive RandD as effective business and innovation fostering opportunity. The research was undertaken in the context of particular regulatory and business environments. The pursuit of corporate sustainability and innovations became feasible with the decree law 9,991, requiring electricity distribution concessionaries the expenditure of a percentage of their net operational revenue in the development of RandD projects. Thus, multiple requirements from diverse segments (investors, finance, regulators, consumers and government) promote quality improvement, cost reduction and innovation pursuit. Three vectors guide the work methodology. In regard to the goals, the research, it makes use of metrology as a tool for the definition of results appropriation assessment indicators which will allow the proposition of corresponding metrics. In regard to the research means, it performs a literarure survey on themes related to the management of RandD and innovation, as a basis for the identification of indicators and selection of metrics for the study of cases of success and failure in the concessionaires experiences. Next, in view of the qualitative nature of the research, makes a summary diagnostic of Light s project portfolio, through a series of interviews with researchers and project managers of concessionary firms associated with ABRADEE, the electricity distribution segment trade association. Further, the work assesses results and delineates tools for the monitoring and evaluation of the appropriation of RandD projects results. In its conclusion, the dissertation proposes the contours of a methodology for project assessment which incorporates lessons learned and indicators management tools for the new, innovation-oriented, Aneel RandD program.