Bloomberg News

Brazil’s Eletrobras May Help Bail Out Rede Energia, Reuters Says

February 28, 2012

Centrais Eletricas Brasileiras SA (ELET6) may help bail out Rede Energia SA (REDE4) should the government request it to do so, Reuters said, citing the chief executive officer of the state-controlled utility known as Eletrobras.

The problems faced by debt-laden Rede Energia may have a wider impact on society and the economy, Reuters cited Jose Carvalho Neto, the CEO of Eletrobras, as saying, after Centrais Eletricas do Para, a unit of Rede Energia, (REDE3) filed for bankruptcy protection.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.


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