Second Ordinary Tariff Revision of Sabesp

SÃO PAULO, July 28, 2017 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or "Sabesp"), pursuant to the provisions of Article 157, Paragraph 4 of Law 6404/76 and the provisions CVM Instructions No. 358/02, announces to its shareholders and to the market in general that, on this date, it has submitted an official letter to the Regulatory Agency for Sanitation and Energy of the State of São Paulo (ARSESP - Agência Reguladora de Saneamento e Energia do Estado de São Paulo) requesting a seven day postponement, for the beginning of Stage 06 (Development of the Initial Technical Note with Preliminary Tariff P0 and Average Weighted Cost of Capital - WACC) and Stage 07 (Opening of Public Consultation and Public Hearing - Preliminary Tariff P0 and WACC) of the schedule established by ARSESP Resolution No. 725/2017.

Taking into account the current development of the works, the complexity of the issues dealt with and the need to provide further final clarifications requested by the Regulatory Agency, the additional term will be used for interaction among the technical teams, in order to ensure the correct interpretation of the data provided by the Company and to mitigate any risk of disclosure of inconsistent and unilateral preliminary results, with direct and indirect drawbacks to the society in general, to shareholders and  other stakeholders, including and potentially compromising the adequate provision by the Company  of this vital public services.

The company will keep the market up to date on the progress of the matter within this material fact.

View original content:http://www.prnewswire.com/news-releases/second-ordinary-tariff-revision-of-sabesp-300495883.html

SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São Paulo)