Three Brazil Electricity Companies Appeal Rules, Estado Says

Three Brazilian electricity companies have appealed to the Ministry of Mines and Energy against the government’s proposed new rules governing concessions for the industry, Estado de Sao Paulo said, citing a statement from the ministry.

The three companies are Cia de Transmissao de Energia Eletrica Paulista, known as CTEEP, Cia Energetica de Sao Paulo (CESP6), known as Cesp, and Empresa Metropolitana de Aguas e Energia, known as Emae, the Sao Paulo-based newspaper said.

The companies are appealing the government’s proposed indemnification for investments in power plants and the amounts they will be allowed to charge for operating and maintaining the plants, the newspaper said.

To contact the reporter on this story: Harry Maurer in Rio de Janeiro at hmaurer@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.