SABESP Announces Approval of the Bonus by Consumption Reduction Range
SAO PAULO, Oct. 23, 2014 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), pursuant to CVM Instruction 358, of January 3, 2002, and amendments thereto, hereby informs its shareholders and the market in general that, on October 22, 2014, ARSESP published Resolution nº 514, which approved bonus by consumption reduction ranges for SABESP's Water Consumption Reduction Incentive Program.
The consumption reduction ranges during the effectiveness of the Water Consumption Reduction Incentive Program will be as follows:
(a) A thirty percent (30%) bonus for customers whose monthly consumption falls by at least twenty percent (20%) in relation to the average consumption between February 2013 and January 2014.
(b) A twenty percent (20%) bonus for customers whose monthly consumption falls by at least fifteen percent (15%) and below twenty percent (20%) in relation to the average consumption between February 2013 and January 2014.
(c) A ten percent (10%) bonus for customers whose monthly consumption falls by at least ten percent (10%) and below fifteen percent (15%) in relation to the average consumption between February 2013 and January 2014.
The bonus by consumption reduction ranges will be applied to all the municipalities that already receive bonus on water and sewage bills.
The new Bonus Program ranges will be applied to consumption as of November 1, 2014.
IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 ([email protected])
Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected])
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sabesp-announces-approval-of-the-bonus-by-consumption-reduction-range-232760240.html
SOURCE SABESP
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