SÃO PAULO, May 24, 2018
/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 6.404/76 and the
provisions of CVM Instruction 358/02, hereby informs its
shareholders and the market in general that, on May 24, 2018, given the final result of Sabesp's
2nd Ordinary Tariff Revision, the Company filed at 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): i) a reconsideration request; ii) a clarification and
revision request.
The reconsideration request consists of an administrative
appeal, addressed to ARSESP's CEO, requesting the revision of the
regulatory decision substantiated by ARSESP Resolution nº 794/2018
with the purpose of applying the due compensatory adjustment in the
revenue, cost of electricity and investments executed in the first
cycle.
The clarification and revision request: i) explanation of the
reasons that led to a significant reduction in the final forecast
of OPEX for the 2017-2020 period; ii) a revision of the calculation
of Factor X, of the compensatory adjustment for the delay in the
application of the 2nd Ordinary Tariff Revision and the calculation
of the financial component related to municipal funds.
The documents sent to the ARSESP, today, can be found on
Sabesp's website, in the area of Investor Relations.
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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SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São
Paulo)