Sabesp - Material Fact

Rhea-AI Summary

Sabesp has disclosed important updates regarding its tariff structure following a public consultation initiated by the São Paulo State Public Services Regulatory Agency (ARSESP). Public Consultation Notice #03/2021 and Hearing Notice #01/2021 relate to the Calculation of Maximum Average Tariff for the company's 3rd Ordinary Tariff Revision. Additionally, Consultation Notice #04/2021 and Hearing Notice #02/2021 address a proposed new tariff structure. Stakeholders can submit comments from February 9 to March 3, 2021, with hearings scheduled for February 25 and March 2, 2021.

Positive

• Initiation of public consultation on tariff structure indicates transparency and engagement with stakeholders.
• Public hearings scheduled, allowing for community input and potentially favorable adjustments to tariff structures.

Negative

• None.

SÃO PAULO, Feb. 9, 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 28, hereby informs its shareholders and the market in general that the São Paulo State Public Services  Regulatory Agency (ARSESP - Agência Reguladora de Serviços Públicos do Estado de São Paulo) published:

a)  Public Consultation Notice nº 03/2021 and Public Hearing Notice nº 01/2021, regarding the proposed Calculation of Maximum Average Tariff (P0) of the Sabesp's 3rd Ordinary Tariff Revision; and

b)  Public Consultation Notice nº 04/2021 and Public Hearing Notice nº 02/2021, regarding the Proposed New Tariff Structure of Companhia de Saneamento Básico do Estado de São Paulo - Sabesp;

All interested parties may send their contributions from February 09 until March 3rd, 2021.

Public Hearings will be held through the Zoom digital platform, as follows:

a)  Nº 01/2021 on February 25, 2021 at 02:30 pm
b)  Nº 02/2021 on March 02, 2021 at 02:30 pm

In addition, the Company informs that ARSESP released the respective Preliminary Technical Notes and other related documents, which are available on ARSESP's website and on Sabesp's website, on 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)

View original content:http://www.prnewswire.com/news-releases/sabesp--material-fact-301224525.html

SOURCE Sabesp

FAQ

What is the purpose of Sabesp's public consultation notice dated February 9, 2021?

The public consultation aims to gather stakeholder input on the proposed Calculation of Maximum Average Tariff and a new tariff structure.

When are the public hearings regarding Sabesp's tariff structure scheduled?

The public hearings are scheduled for February 25, 2021, and March 2, 2021.

What is the significance of ARSESP's notices for Sabesp's shareholders?

The notices signal potential changes in tariff structures, which could impact the company's revenue and profitability.

What dates can stakeholders submit their contributions to Sabesp's tariff consultation?

Stakeholders can submit their contributions from February 9 until March 3, 2021.

Where can I find more information about Sabesp's public consultation and tariff changes?

More information is available on ARSESP's and Sabesp's official websites.