SAO PAULO, Feb. 4, 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 of
January 3, 2002, and amendments
thereto, hereby informs its shareholders and the market in general
that, on February 3, 2014, in
accordance with ARSESP Resolution 469, it introduced a financial
incentive to encourage customers served by the Cantareira System to
reduce their water consumption.
The measure is necessary due to the critical situation of the
Cantareira System, which is at 21.9% of its capacity, its lowest
ever level. The System supplies 9.3 million people.
Customers who reduce their average monthly consumption by at
least 20% over their monthly average for the last 12 months, i.e.
from February 2013 to January 2014, will be entitled to a 30% discount
on their bill.
This measure will apply to residential, commercial and
industrial customers supplied by the Cantareira System and will be
valid for the bills issued for the months of February to
August 2014, which will reach
customers in the months of March to September 2014, or until reservoir levels are
normalized.
IR Contacts:
Mario Arruda Sampaio: (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
SOURCE SABESP