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


Thursday, 21 Feb 2013 06:52am EST 

Eletropaulo Metropolitana Eletricidade de Sao Paulo SA (AES Eletropaulo) announced that, in context of a dispute over the loan contract signed on October 30, 1986, between the Company and CTEEP Companhia de Transmissao de Energia Eletrica Paulista, the Court of Justice of Rio de Janeiro has fully annulled a decision of the first instance. Thus, the process must be restarted in one instance to proceed with the analysis of the technical and legal issues, as well as to realize the accounting expertise. At the end of this procedure, there should be issued a new decision, which will indicate the responsible one and the amount due to Eletrobras - Centrais Eletricas Brasileiras SA. 

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