BRIEF-Brazil's CCEE says electricity distributors in default for large amounts

miércoles 18 de mayo de 2016 10:31 GYT

May 18 (Reuters) -

* President of Brazilian energy market clearing CCEE says some electricity distributors are in default for "important values"

* He said, if nothing was done, problem would likely worsen

* Brazil's electric energy sector is showing signs of extreme stress and fragility, after two years of drought that depleted hydroelectric reservoirs was followed by ample rains this year and a sharp economic slowdown and drop in demand Source text for Eikon: Further company coverage: [ ] (Reporting by Reese Ewing)