April 11, 2017 / 1:18 PM / a year ago

Brazilian industries escape extra power tariff after court ruling

SAO PAULO, April 11 (Reuters) - A large group of Brazilian industries will avoid an additional power tariff to be imposed by the government after a local court issued an injunction in their favor late on Monday, according to a statement from the organization.

Abrace, an association of large power consumers in Brazil, said the injunction exempted the companies it represents from the extra tariff that the government will add to power bills from the second half of this year.

The government adopted the extra charge to compensate power transmission companies such as Eletrobras, CTEEP , Cemig and Copel for the early renewal of operating licenses implemented in 2013. (Reporting by Marcelo Teixeira and Luciano Costa; Editing by Lisa Von Ahn)

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