SAO PAULO, Jan. 19, 2017 /PRNewswire/ -- Companhia de
Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or
"Sabesp"), pursuant to Article 157, Paragraph 4 of Law 6404/76 and
CVM Instruction No. 358/02, hereby announces to its shareholders
and to the market in general that, on January 19, 2017, the Regulatory Agency of
Sanitation and Energy of the State of São Paulo (ARSESP - Agência
Reguladora de Saneamento e Energia do Estado de São Paulo)
published the ARSESP Resolution No. 706, which deals with the
beginning of the second ordinary tariff review of Sabesp and other
measures, as follows:
"IT RESOLVES THAT:
Article 1 - Approves the beginning of the 2nd Tariff
Review of SABESP and discloses the timeline connected to its
initial stage (Appendix).
Article 2 - The Preliminary Maximum Average Tariff (Preliminary
Po) will be authorized up until June 10,
2017, and applied pursuant to Article 39 of Law No.
11445/2007, subject to the conclusion of the activities to be
carried out with the support of the advisory firm hired;
Sole Paragraph - The Final Maximum Average Tariff (Final Po)
will be disclosed and authorized up until April 10, 2018.
Article 3 - The same methodology used and approved for the
1st Ordinary Tariff Review of SABESP will be applied in
the initial stage of the tariff review, as established in the Final
Technical Note No. RTS/01/2012 - Detailed Methodology for the
Tariff Review Process of SABESP, available on ARSESP's website:
www.arsesp.sp.gov.br
Article 4 - The differences in the revenues ascertained from the
authorized tariff values on June 10,
2017 (Preliminary Po) and the tariff values ascertained
after the conclusion of the tariff review (Final Po) will be
properly offset, and employed to the public service tariffs for
water supply and sanitation, at the time of the tariff adjustment,
which will take place on April 11,
2018."
The full text of Resolution No. 706 with the initial timeline
for the 2nd Tariff Review can be 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)
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visit:http://www.prnewswire.com/news-releases/beginning-of-the-second-ordinary-tariff-review-of-sabesp-300394066.html
SOURCE Sabesp