Brazil’s Aneel Plans to Sue Chesf, Ask for 300 Million Reais

Brazilian electric regulator plans to sue Companhia Hidro Eletrica do Sao Francisco and ask for a 300 million reais ($148.1 million) compensation for not building transmission lines, the general director of the so-called Aneel said today.

Chesf, a subsidiary of Centrais Eletricas Brasileiras SA (ELET6), failed to build lines to connect wind farms in the Northeastern states of Bahia and Rio Grande do Norte to the integrated electric system, Nelson Hubner told reporters in Brasilia.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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