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Companhia Paranaense de Energia - COPEL Message Board

  • morpholog morpholog Jun 21, 2013 10:25 AM Flag

    From Citibank Research Group

    Copel (CPLE6.SA)
    Alert: The Tropical Spring Hits Copel. The State Governor
    Requests Suspension of the Annual Tariff Hike. Negative
    Tariff Hike Halted – The local press in Parana State reports that the governor of
    State of Parana, Mr. Beto Richa (PSDB), requested to Copel management to
    suspend the 13.44% tariff hike authorized by Aneel earlier this Thursday. The
    governor confirmed this information in a post to his Facebook public profile, also
    calling for Aneel to review the tariff increase. Copel is controlled by the State of
    Parana. Thus far, there is no information on how long the freezing could last or if a
    lower hike would be granted. The news is extremely negative as it underscores
    political interference and may bring heavy losses to Copel shareholders

    Sentiment: Hold

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