(Bloomberg) -- Eletrobras, the power utility set to be privatized, received proposals from 14 banks to coordinate what could be one of the biggest equity sales by a Brazilian firm.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Why Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps Billions From S
Centrais Eletricas Brasileiras SA as the company is formally known said in a securities filing that the ruling related to its affiliated companies Amazonas Energia, Eletroacre, Ceron and Boa Vista Energia. The fuel consumption account program helps to pay for thermoelectric power generation in the north of the country, which is generally not connected to the electricity grid, and is therefore far more expensive. Eletrobras said it will receive the money in 60 monthly payments adjusted for inflation.
Before continuing, we would like to say that any statements that might be done during the earnings call regarding the estimates of the forecast of the company, projections and operational goals, financial goals, are based on beliefs and expectations of our management and are based on information that is currently available to the company. Now we have the President, Rodrigo Limp, you may continue.