Brazil to address power transmission compensation this month
SAO PAULO, March 10 (Reuters) - Brazil's government will submit a proposal later this month to pay billions of reais to power transmission companies to compensate them for revenue lost after they agreed to reduced tariffs in 2013, the Energy Ministry said on Thursday.
The Brazilian government in 2013 had encouraged the companies to renew their power transmission concessions ahead of schedule, adding new terms and lowering the tariffs that they were allowed to charge. It said at the time that it would compensate the companies for the lost revenue in the future. (Reporting by Leo Goy; Editing by Matthew Lewis)
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