SABESP Announces Material Fact
April 19 2013 - 9:18PM
PR Newswire (US)
SAO PAULO, April 19, 2013 /PRNewswire/ -- Companhia
de Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one
of the largest water and sewage service providers in the world
based on the number of customers, pursuant to Instruction 358
issued by the Brazilian Securities and Exchange Commission (CVM) on
January 3, 2002, as amended, hereby
informs its shareholders and the market in general that the
Company's Board of Directors approved on this date a tariff
adjustment of 2.3509%, in compliance with ARSESP Resolution 406 and
Article 28 of the Tariff System Regulation approved by State Decree
no. 41446, dated December 16,
1996.
The Company also announces the following:
a)
|
The
Regulation and Supervision Rate of 0.5% approved by Resolution 406
will be applied immediately after the conclusion of the operational
adjustments necessary for the inclusion of this rate in the bills
in the municipalities where it will be charged.
|
b)
|
On April
4, 2013, filed a Request for Reconsideration at ARSESP, related to
the terms of Resolution 406, with the objective of protecting the
Company's interests within the ongoing Tariff Review
process.
|
|
The full
version of the Request for Reconsideration is available in the
Investor Relations section of Sabesp's website.
|
c)
|
On this
date, ARSESP informed the Company that its Executive Board approved
Resolution 413, which envisages the cancellation of the validity of
Resolution 407, postponing authorization for the pass-through to
the service bill of the municipal charges provided for by law that
must be included in the Tariff Review upon disclosure of the final
result of Sabesp's Tariff Review, in compliance with the Program
Agreements and the Agreements for the Provision of Water Supply and
Sewage Services.
|
The full version of ARSESP Resolution 413 is available in the
Investor Relations section of Sabesp's website.
IR Contacts:
Mario Arruda Sampaio: (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
SOURCE SABESP
Copyright 2013 PR Newswire
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