Sabesp - Material Fact

Rhea-AI Summary

On July 30, 2020, Sabesp announced compliance with Brazilian regulatory requirements, detailing the publication of two technical notes by ARSESP. The first, NT.F-0043-2020, defines the methodology for calculating maximum tariffs and tariff structures for the Third Ordinary Tariff Revision. The second, NT.F-0042-2020, outlines the Weighted Average Cost of Capital (WACC) for the same tariff revision. These documents aim to provide clarity and transparency in the tariff adjustment process, crucial for stakeholders and investors.

Positive

• Clear guidelines for tariff calculation enhance regulatory transparency.
• WACC definition provides stakeholders with essential financial metrics.

Negative

• None.

SÃO PAULO, July 30, 2020 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp (Sabesp or Company), in compliance with Rule No. 358 issued by the Brazilian Securities and Exchange Commission, dated as of January 3, 2002, as amended, in continuity to the Material Fact disclosed on May 14, 2020, and the Notices to the Market of June 11 and July 03, 2020, 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:

• Technical Note NT.F-0043-2020 and the Detailed Report with the result of Public Consultation nº 05/2020, refering to the definition of the methodology to be used in the calculation of the maximum tariff and the tariff structure for the Third Ordinary Tariff Revision of Sabesp; and
• Technical Note NT.F-0042-2020 and the Detailed Report with the result of Public Consultation nº 06/2020, which deals with the definition of the Weighted Average Cost of Capital (WACC) for the Third Ordinary Tariff Revision of Sabesp.

The above-mentioned documents are available on Sabesp's Investor Relations' website.

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-301103632.html

SOURCE Sabesp

FAQ

What are the latest developments regarding Sabesp's tariffs?

Sabesp announced the publication of technical notes detailing the tariff calculation methodology and WACC for the Third Ordinary Tariff Revision on July 30, 2020.

What is the significance of the technical notes published by ARSESP?

The technical notes provide guidelines for tariff adjustments, affecting how Sabesp sets its rates, which is important for investors.

When was the announcement about Sabesp's tariff revisions made?

The announcement regarding the tariff revisions was made on July 30, 2020.

How can I access the details of Sabesp's tariff methodology?

Details on Sabesp's tariff methodology are available on Sabesp's Investor Relations' website.