SAO PAULO, Dec. 23, 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, and amendments thereto, hereby informs its
shareholders and the market in general that, on December 22, 2015, the Board of Directors, in
accordance with item 4 of Article 13 of the Bylaws, having the
Executive Board been heard, authorized the Company to request from
ARSESP to ratify the continuity and updating of the Water
Consumption Reduction Incentive Program through the Bonus grant to
the Water and Sewage Bill, as well as the continuity of the
Contingency Tariff:
A) Extension of the Water Consumption Reduction Incentive
Program through the Bonus grant to the Water and Sewage Bill
(Bonus) until the end of 2016 or until there is more predictability
regarding the water situation, with the updating of the reference
consumption figure (the average consumption of each consumer in the
period between February/2013 and January/2014), under the following
terms:
1. The updated reference consumption of
each customer will be obtained by multiplying the initial reference
consumption by 0.78.
2. The updating factor of 0.78 is the
result of dividing the total consumption of the population served
by Sabesp in the Metropolitan Region of Sao Paulo in the recent period (October/2014
to September/2015) by the corresponding consumption in the initial
period (February/2013 to January/2014).
3. This update will be applied to
consumptions measured as of February 1,
2016.
4. Other rules and conditions of this
program will be maintained, including the bonus ranges of
10%, 20% and 30%.
B) Contingency Tariff:
Contingency tariff extension until the end of 2016 or until
there is more predictability regarding the water situation, with
the maintenance of the current rules and conditions, including the
bonus ranges and reference consumption.
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