MATERIAL FACT - Second Ordinary Tariff Revision of Sabesp

Date : 05/19/2017 @ 8:44PM
Source : PR Newswire (US)
Stock : Companhia de Saneamento Basico DO Estado de Sao Paulo - Sabesp American Depositary Shares (Each Repstg 250 ) (SBS)
Quote : 9.66  0.15 (1.58%) @ 12:55PM
Sabesp share price Chart

MATERIAL FACT - Second Ordinary Tariff Revision of Sabesp

Sabesp (NYSE:SBS)
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3 Months : From May 2017 to Aug 2017

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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

Copyright 2017 PR Newswire

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