Sabesp - Material Fact: Changes to the Schedule of the 3rd Ordinary Tariff Review and the Tariff Structure Review
Sabesp announced changes to the schedule of its Third Ordinary Tariff Revision, approved by the São Paulo State Energy and Sanitation Regulatory Agency (ARSESP). The revisions include a postponed public consultation for the calculation of P0 and updates to the tariff structure. Key dates include the disclosure of the preliminary technical note on February 9, 2021, and a public consultation period running until March 8, 2021. The final report and resolutions are expected by April 9, 2021. The full details are available on the ARSESP and Sabesp websites.
- Scheduled transparency with public consultations from February 9 to March 8, 2021.
- Detailed timeline for tariff structure updates, providing clarity for stakeholders.
- Delay in Third Ordinary Tariff Revision could affect revenue projections.
- Need for additional data may indicate potential complications in tariff adjustments.
SÃO PAULO, Jan. 28, 2021 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Sabesp" or "Company"), in compliance with the provisions of Article 157, Paragraph 4, of Law 6,404/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission ("CVM"), dated January 3, 2002, as amended, in continuity to the Material Fact disclosed on January 15, hereby informs its shareholders and the market in general that the São Paulo State Energy and Sanitation Regulatory Agency (ARSESP - Agência Reguladora de Saneamento e Energia do Estado de São Paulo) published Resolutions Nº 1,118 and Nº 1,119: (i) changing the schedule of the Third Ordinary Tariff Revision of Sabesp, due to the need of additional data and analysis for the opening of a public consultation regarding the P0 and X Factor; and (ii) changing to the Tariff Structure schedule, as follows:
Resolution Nº 1,118 - Third Ordinary Tariff Revision
Stage | Event | Period |
9 | Disclosure of the Preliminary Technical Note - Calculation of P0 | February 9, 2021 |
10 | Public consultation and public hearing - Calculation of P0 | February 9, 2021 to March 8, 2021 |
11 | Disclosure of the Detailed Report, Final Technical Note and Resolution regarding P0 | April 9, 2021 |
Resolution Nº 1,119 - Tariff Structure Schedule
Stage | Event | Period |
4 | Disclosure of the Preliminary Technical Note with the proposal for the new tariff structure and the respective implementation plan | Up to February 9, 2021 |
5 | Hold of the public consultation and public hearing on the Preliminary Technical Note published according to Stage 4 | February 9, 2021 to March 8, 2021 |
6 | Analysis of the contributions received, publication of the Final Technical Note, of the Detailed Report and of the Resolution on the tariff structure approved by Arsesp | Up to April 9, 2021 |
The Resolutions mentioned are available on ARSESP's and Sabesp's websites, in the Investor Relations page.
The Company will keep the market informed on the developments concerning this matter.
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
FAQ
What changes were announced in Sabesp's tariff schedule on January 28, 2021?
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