July 5, 2017 / 12:33 PM / a year ago

Brazil may allow Eletrobras to raise rates at dams impacted by 2012 rules

SAO PAULO, July 5 (Reuters) - The Brazilian government is considering allowing state-run power utility Centras Elétricas Brasileiras to raise rates at dams impacted by a 2012 sector overhaul, a person close to the matter said on Wednesday.

According to the person, who requested anonymity because the discussions are private, the government may present the proposal as soon as this week. A full sale of subsidiaries including Chesf and Furnas is not currently under discussion, the person said.

Eletrobras, as the company is known, was forced to charge lower rates at several dams in exchange for the early renewal of their operating licenses as part of a plan by former President Dilma Rousseff to try and force down electricity prices. (Reporting by Luciano Costa and Rodrigo Viga Gaier; Writing by Ana Mano)

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