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Enel Fights Brazil Over Sao Paulo Power Concession
4 Sep
Summary
- Enel asks Brazil's regulator to cancel proceedings to end its concession.
- The company argues the regulator lacked consumer impact analysis.
- Aneel will decide soon whether to recommend terminating Enel's concession.
Italian energy firm Enel is actively challenging a move by Brazil's electricity regulatory agency, Aneel. The company has formally petitioned Aneel to annul the ongoing proceedings that threaten its Sao Paulo distribution concession. Enel contends that Aneel has not performed a structured analysis examining the consequences for consumers before contemplating the concession's termination.
This filing represents Enel's final defense in the matter. Aneel is now poised to decide whether to advise the federal government to terminate Enel's concession in Sao Paulo. The outcome could significantly impact Enel's operations in Brazil and set a precedent for other energy concessions.
