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20.05.2017 02:44:00
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MATERIAL FACT - Second Ordinary Tariff Revision of Sabesp
SAO PAOLO, May 19, 2017 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or "Sabesp"), pursuant to the provisions of Article 157, Paragraph 4 of Law No. 6.404/76 and the provisions of CVM Instruction No. 358/02, announces to its shareholders and to the market in general that today, May 19 2017, the Regulatory Agency for Sanitation and Energy of the State of São Paulo (ARSESP - Agência Reguladora de Saneamento e Energia do Estado de São Paulo), published the new timeline for the initial stage of Sabesp's Tariff Revision, as below:
ARSESP Resolution No. 725 - INITIAL SCHEDULE OF THE 2ND TARIFF REVIEW OF SABESP | |||
Stage No. | Description | Start | End |
5-A | Receipt of Sabesp's additional data (ARSESP Resolution n°722/2017) | May 12, 2017 | Jun 12, 2017 |
5-B | Analysis of Sabesp's additional data | Jul 12, 2017 | |
6 | Development of the Initial Technical Note with Preliminary Tariff P0 and Average Weighted cost of Capital (WACC) | Jul 28, 2017 | |
7 | Opening of the Public Consultation and Public Hearing - Preliminary Tariff P0 and WACC | Jul 31, 2017 | Aug 21, 2017 |
8 | Analysis of the contributions received, development of the Final Technical Note and Detailed Report - Preliminary Tariff P0 and WACC | Sep 13, 2017 | |
9 | Approval of the Final Technical Note, Detailed Report and Publication of the Resolution with Preliminary Tariff P0 | Sep 15, 2017 | |
The full text of Resolution No. 725 is found on ARSESP's and Sabesp's website.
The Company will keep the market informed of further developments regarding this material fact.
IR Contacts:
Mario Arruda Sampaio – +55 (11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi – +55 (11) 3388-8793 (abairoldi@sabesp.com.br)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/material-fact---second-ordinary-tariff-revision-of-sabesp-300461020.html
SOURCE Sabesp
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