SAO PAULO, May 4, 2015 /PRNewswire/ -- Companhia de
Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS),
pursuant to CVM Instruction 358, of January
3, 2002, hereby informs its shareholders and the market in
general that on this date (May 4,
2015) the Sao Paulo State Sanitation and Energy Regulatory
Agency (ARSESP) published Resolutions 560 and 561.
Resolution 560 authorizes an increase of 7.7875% in the current
tariffs, consisting of:
a) the 2015 annual tariff adjustment of 7.1899%, based on the
8.1285% variation in the IPCA consumer price index between
March 2014 and March 2015, less the efficiency factor (X factor)
of 0.9386%; and
b) an additional adjustment of 0.5575%, due to the postponement
of the application of the Regular Tariff Revision, authorized for
May 2014 but only implemented in
December of the same year, when it was partially offset.
Resolution 561 establishes an index of 6.9154% for SABESP's Extraordinary Tariff
Revision applicable to the tariffs authorized on this date by
ARSESP Resolution 560, cited above.
The two tariff adjustments combined result in an index of
15.24%. The new tariff amounts are applicable 30 days after their
publication by the Diario Oficial do Estado (Official Gazette).
The detailed report on the contributions, the Tariff Revision
Technical Note, the Resolution 560 and Resolution 561 are available
at ARSESP's website and SABESP
website, Investor Relation section.
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visit:http://www.prnewswire.com/news-releases/sabesp-announces-extraordinary-tariff-increase-300077419.html
SOURCE SABESP