Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Eletrobras Estimates Transmission Assets Worth 11 Billion Reais

Don't Miss Out —
Follow us on:

Dec. 3 (Bloomberg) -- Centrais Eletricas Brasileiras SA estimates its transmission assets are worth 11 billion reais ($5.2 billion) and may receive compensation based on revised government rules, Chief Financial Officer Armando Casado said.

The company expects a “significant” amount for the assets, which were built before May 2000, from Brazil’s government, Casado told reporters today in Brasilia. The specific amount isn’t yet known, he said.

Eletrobras, as the state-controlled company is known, also expects its generation assets will be reevaluated higher because of a separate government ruling, he said.

The rules, which mean less revenue, force the company to seek cost cuts, Casado said. He said there aren’t plans for mass firings as the company is studying asset sales and voluntary dismissals.

Eletrobras today approved renewing for 30 years concessions due to expire between 2015 and 2017, after Eletrobras shareholders approved government conditions for renewal.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at

To contact the editor responsible for this story: James Attwood at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.