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Sabesp Authorized to Increase Rates by 3.14%

Nov. 1 (Bloomberg) -- Cia. de Saneamento Basico do Estado de Sao Paulo, Brazil’s biggest water utility, was authorized to increase rates for water and sewage services by 3.14 percent.

The increase, which will be effective Dec. 11, was calculated considering annual inflation through July, an efficiency rate and a 2.35 percent adjustment that was granted in April to Sabesp, as the company is known, Arsesp, the Sao Paulo state’s water and energy regulator, said in an e-mailed statement.

Sabesp, based in the city of Sao Paulo, serves 27.7 million people in the southeastern Brazilian state, according to the company’s website.

To contact the reporter on this story: Helder Marinho in Sao Paulo at hmarinho@bloomberg.net

To contact the editor responsible for this story: Maria Luiza Rabello at mrabello@bloomberg.net

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