Eletropaulo Dividend Imperiled in Rate Review: Corporate Brazil
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Eletropaulo Metropolitana Eletricidade de Sao Paulo SA’s tariff talks with the government this month will show whether Brazil will sacrifice the country’s highest dividend payouts to help contain inflation.
Eletropaulo, as the AES Corp. unit is known, is locked in negotiations with regulator Aneel over prices Brazil’s biggest distributor can bill in the next four years. Authorities proposed an 8.8 percent reduction to benefit customers.