SÃO PAULO, March 24, 2016
/PRNewswire/ -- Companhia de Saneamento Básico do Estado de
São 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 March 24, 2016:
Considering that:
a) On December 22, 2015, via
Official Letter P-0739, SABESP had asked ARSESP to extend the Water
Consumption Reduction Incentive Program and the Contingency Tariff
until the end of 2016 or until the water situation became more
predictable;
b) The main investments to increase water security in the
São Paulo Metropolitan Region are already operational or in the
works execution stage; and
c) The current water situation permits greater
predictability of reservoirs conditions.
1) The Board of Directors, pursuant to item VI of Article
13 of the Bylaws, and having heard the Board of Executive Officers,
authorized the Company to request ARSESP the cancellation, for
consumption readings beginning May 1,
2016, the Water Consumption Reduction Incentive Program, by
means of granting a discount bonus to the water and sewage bill -
Bonus, and the Contingency Tariff, applied to the water
bill.
2) The Company has filed the request to ARSESP for the
cancellation of the Water Consumption Reduction Incentive Program
and the Contingency Tariff.
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/sabesp-announces-termination-of-the-bonus-program-and-of-the-contingency-tariff-300241483.html
SOURCE SABESP