en.Wedoany.com Reported - Sixteen power distribution companies in Brazil have renewed their 30-year concession contracts with the federal government, marking a new phase in regulatory discussions for the sector. Key points such as investment returns and loss rules remain undetermined and are expected to be discussed next year, which could attract companies not yet included in the renewal scope that are awaiting solutions. The discussions are based on Decree No. 12,068 of 2024, which governs the renewal of concessions nearing expiration. Only Enel's concessions were not renewed, as the company faces a regulatory crisis due to its operations in São Paulo.
The National Electric Energy Agency (Aneel) will revise regulations on compensation for power plants due to generation curtailment. Agency Director Sandoval Feitosa stated that the revision, following a meeting with representatives from the renewable energy industry, will incorporate the impacts of relevant laws passed by Congress last year. The regulation will also clarify the application of compensation during the transition period between the new law's enactment and Aneel's adoption of rules, eliminating doubts arising from the time gap between the two regulatory frameworks and providing greater legal certainty for industry participants.
Demand for the follow-on stock offering by Copasa, aimed at privatization, approached 50 billion reais yesterday (10th), with approximately 200 orders and a subscription multiple far exceeding the issuance volume. The share price for this offering tends to match the price offered by Equatorial, which has been selected as the reference shareholder for this Minas Gerais-based company. The determined price is 49.03 reais, while the minimum price required by the Minas Gerais State Audit Court (TCE-MG) is 47.23 reais. Given market demand, this is highly likely, and if additional shares are allocated, the total transaction size could exceed 6 billion reais.
The Federal District Federal Court has overturned a preliminary injunction that had previously suspended the federal government's large-scale energy auction under the Luiz Inácio Lula da Silva (PT) administration, involving 515 billion reais in energy reserve contracts with groups such as J&F (Batista brothers), Eneva (André Esteves), and Petrobras. The auction was challenged in court and before the Federal Audit Court (TCU) because its calculation basis changed within three days, doubling the total contract energy cost and prioritizing fossil fuel (coal and natural gas) power plants over renewable energy sources. The earlier decision to suspend the auction results and contract signing was made by a judicial body in Ceará.
According to O Globo, the Senate, ignoring government appeals, has advanced three proposals considered by the executive branch as a "bomb agenda," with an estimated total cost of 215 billion reais, the most impactful being the renegotiation of rural debts. O Estado de S. Paulo notes that in this context, tensions have escalated between the President and Senate President Davi Alcolumbre (União-AP), as Alcolumbre, dissatisfied with government pressure to pass a constitutional amendment ending the "6x1 work schedule," has abandoned efforts to prevent colleagues from taking electoral measures ahead of the October elections. Folha de S. Paulo reports that until minutes before the vote, Finance Secretary Dario Durigan attempted to reach an agreement with Alcolumbre and rapporteur Renan Calheiros (MDB-AL), but negotiations failed.
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