Sabesp - Material Fact

Rhea-AI Summary

Sabesp announced changes to its tariff revision and structure schedules as per Resolutions Nº 1,114 and Nº 1,115 from ARSESP. Key events include the disclosure of a preliminary technical note on January 28, 2021, and public consultations from January 29 to March 1, 2021. Following this, a detailed report will be disclosed by April 9, 2021. These adjustments may impact the company's revenue structure and investor outlook.

Positive

• Adjustment of tariff structure may optimize revenue over time.
• Increased transparency with public consultations enhances investor confidence.

Negative

• Potential delays in tariff implementation could affect short-term revenue.
• Changes in tariff structure may lead to customer dissatisfaction.

SÃO PAULO, Jan. 15, 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, 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 1,114 and Nº 1,115: (i) changing the schedule of the Third Ordinary Tariff Revision of Sabesp; and (ii) changing to the Tariff Structure schedule, as follows:

Resolution Nº 1,114  - Third Ordinary Tariff Revision

Stage	Event	Period
9	Disclosure of the Preliminary Technical Note - Calculation of P0	January 28, 2021
10	Public consultation and public hearing - Calculation of P0	January 29, to March 1, 2021
11	Disclosure of the Detailed Report, Final Technical Note and Resolution regarding P0	April 9, 2021

Resolution Nº 1,115  - 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 January 28, 2021
5	Hold of the public consultation and public hearing on the Preliminary Technical Note published according to Stage 4	From January 29 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 indicated periods (except for stage 5) may be anticipated as the technical work progresses.

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)

View original content:http://www.prnewswire.com/news-releases/sabesp--material-fact-301209595.html

SOURCE Sabesp

FAQ

What are the new tariff revision changes for Sabesp announced on January 15, 2021?

On January 15, 2021, Sabesp announced changes to its tariff revision and structure schedules as per Resolutions Nº 1,114 and Nº 1,115 by ARSESP.

How will the changes in Sabesp's tariff structure affect investors?

The changes could optimize long-term revenue but may lead to short-term revenue fluctuations.

What are the key dates for the tariff revision events for Sabesp?

Key dates include preliminary note disclosure on January 28, 2021, public consultations from January 29 to March 1, 2021, and final report by April 9, 2021.

What is the significance of public consultations announced by Sabesp?

Public consultations allow for stakeholder feedback, potentially increasing regulatory compliance and community support.