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Name | Symbol | Market | Type |
---|---|---|---|
Companhia Sanea | NYSE:SBS | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.18 | 1.15% | 15.89 | 16.09 | 15.815 | 16.08 | 861,532 | 21:13:57 |
SÃO PAULO, April 26, 2017 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or "Sabesp"), pursuant to Article 157, Paragraph 4 of Law No. 6404/76 and CVM Instruction No. 358/02, hereby announces to its shareholders and the market in general that, on April 26, 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 a Notice changing the timeline for the initial stage of Sabesp's Tariff Revision, as follows.
Stage No. |
Description |
Start |
End |
6 |
Development of the Initial Technical Note with Preliminary Tariff P0 and Average Weighted Cost of Capital (WACC) |
April 1, 2017 |
May 15, 2017 |
7 |
Opening of the Public Consultation and Public Hearing – Preliminary Tariff P0 and WACC |
May 15, 2017 |
June 5, 2017 |
8 |
Analysis of the contributions received, development of the Final Technical Note and Detailed Report – Preliminary Tariff P0 and WACC |
June 6, 2017 |
June 25, 2017 |
9 |
Approval of the Final Technical Note, Detailed Report and Publication of the Resolution with Preliminary Tariff P0 |
June 26, 2017 |
June 30, 2017 |
The Preliminary Maximum Average Tariff ("Preliminary P0") will be disclosed up until June 30, 2017.
The Final Maximum Average Tariff ("Final P0") will be maintained up until April 10, 2018.
The full Notice can be found on ARSESP's and 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)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sabesps-second-ordinary-tariff-revision--new-schedule-300446873.html
SOURCE Sabesp
Copyright 2017 PR Newswire
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