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Eletropaulo Metropolitana Eletricidade de Sao Paulo SA Updates on Dispute with Eletrobras - Centrais Eletricas Brasileiras SA and Companhia de Transmissao de Energia Eletrica Paulista


Monday, 21 Jan 2013 07:15am EST 

Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (AES Eletropaulo) announced that on January 7, 2013 it appealed for the suspension and cancellation of a decision of the District Court in Rio de Janeiro requiring a payment by AES Eletropaulo of the difference from the balance correction of the credit agreement, in context of a dispute over the loan contract between Eletrobras and Eletropaulo - Eletricidade de Sao Paulo SA signed on October 30, 1986. On January 21, 2013 Judge Carlos Santos de Oliveira at the Court of Justice of Rio de Janeiro published a decision that approved the Company‚Äôs appeal. Thus the decision of the court of first instance was suspended and awaits judgement in appeal hearing. 

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