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