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
(maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
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SOURCE SABESP