SÃO PAULO, July 28, 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 6404/76 and the provisions CVM
Instructions No. 358/02, announces to its shareholders and to the
market in general that, on this date, it has submitted an official
letter to 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) requesting a seven day
postponement, for the beginning of Stage 06 (Development of the
Initial Technical Note with Preliminary Tariff P0 and Average
Weighted Cost of Capital - WACC) and Stage 07 (Opening of Public
Consultation and Public Hearing - Preliminary Tariff P0 and WACC)
of the schedule established by ARSESP Resolution No. 725/2017.
Taking into account the current development of the works, the
complexity of the issues dealt with and the need to provide further
final clarifications requested by the Regulatory Agency, the
additional term will be used for interaction among the technical
teams, in order to ensure the correct interpretation of the data
provided by the Company and to mitigate any risk of disclosure of
inconsistent and unilateral preliminary results, with direct and
indirect drawbacks to the society in general, to shareholders
and other stakeholders, including and potentially
compromising the adequate provision by the Company of this
vital public services.
The company will keep the market up to date on the progress of
the matter within this material fact.
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SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São
Paulo)