Bloomberg News

Brazil to Decide Next Week on Equatorial’s Celpa Requests: Aneel

August 21, 2012

Brazil’s electricity regulator Aneel will decide next week on a series of requests made by Equatorial Energia SA (EQTL3) regarding Centrais Eletricas do Para SA, or Celpa, said Nelson Hubner, the regulator’s general director.

Equatorial, which is offering to take over the utility that’s operating under bankruptcy protection, is looking for an easing of service targets and fines during a transitional period, Hubner told reporters in Brasilia today.

Celpa had a meeting of creditors delayed for a third time this week, Judge Maria Filomena De Almeida Buarque said Aug. 20.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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