SABESP Informs ARSESP'S Resolution 488
SAO PAULO, May 19, 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, in accordance with CVM Instruction 358, of January 3, 2002, as amended, hereby informs its shareholders and the market in general that the Sao Paulo State Sanitation and Energy Regulatory Agency (ARSESP) published Resolution 488, with the following content:
"Art. One – Maintain the suspension of the effectiveness of ARSESP Resolution 407, published on March 22, 2013, until knowing the results obtained in the revision of the Contract signed among Sao Paulo Municipal Government, Sao Paulo State Government and SABESP, postponing the authorization of the pass through to the service bill amounts related to the legally established municipal charges that, by force of the Program Contract and Contracts for the Provision of Water Supply and Sewage Services, should be included in the Tariff Revision".
Resolution 488 is available on the websites of Sabesp, in the Investor Relations area, and the Sao Paulo State Sanitation and Energy Regulatory Agency (ARSESP).