SAO PAULO, Feb.12, 2014 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service provider in the world based on the number of customers, pursuant to CVM Instruction 358, hereby informs its shareholders and the market in general that, on February 11, 2014, the Sao Paulo State Sanitation and Energy Regulatory Agency (ARSESP) published a notice announcing the following:
a) Submission to a Public Consultation of the proposals for the Initial Maximum Price (P0) and Efficiency Factor (Factor X), applicable to Sabesp's Tariff Revision process, as per Technical Note RTS/001/2014 - February 2014; and
b) Public Hearing pursuant to the proposals for the Initial Maximum Price (P0) and Efficiency Factor (Factor X), to be held on March 12, 2014.
Once the public consultation phase is over, ARSESP will publish by April 10, 2014 a detailed report and the definitive Initial Maximum Price (P0) and Efficiency Factor (Factor X), applicable to Sabesp's Tariff Revision process.
The Technical Note RTS/001/2014 – February 2014 is available at the following electronic addresses:
(i) "Sabesp Tariff Revision", http://www.arsesp.sp.gov.br/SitePages/informacoes-economicofinanceiras/ revisao-tarifaria-sabesp.aspx ; and
(ii) Sabesp's website, Investor Relations section
The Company is analyzing the Technical Note RTS/001/2014 – February 2014 and will comment opportunely.