LIGHT SA Light S.A. ("Company" or "Light"), pursuant to CVM Instruction 358 of January 3, 2002, hereby informs its shareholders and the market in general that its subsidiaries Light Energia S.A. and Lightger S.A. opted for not adhering to the proposal to renegotiate the hydrological risk in the Unregulated Contracting Environment (ACL), as per the conditions set forth in ANEEL Resolution 684/2015 ("REN 684/2015").
Such decision was based on the evaluation of various Difference Settlement Price (DSP) scenarios and the obligations and rights established by REN 684/2015. In addition to internal analyses, the Company contracted specialized external consulting to support the evaluation of the financial model developed for that purpose.
Company1 | Plant | Installed Capacity (MW) | Physical Guarantee (average MW) | % Sold in the ACL |
Light Energia S.A. | Fontes Nova HPP | 132 | 104 | 100% |
Light Energia S.A. | Nilo Peçanha HPP | 380 | 335 | 100% |
Light Energia S.A. | Pereira Passos HPP | 100 | 51 | 100% |
Light Energia S.A. | Ilha dos Pombos HPP | 187 | 115 | 100% |
Light Energia S.A. | Santa Branca HPP | 56 | 32 | 100% |
Lightger S.A. | Paracambi SHP | 25 | 20 | 100% |
The table below presents the Plants which opted for the non-negotiation of the hydrological risk:
1 Light S.A. holds 100% and 51% of Light Energia S.A. and Lightger S.A., respectively.
The Company will keep its shareholders and the market duly informed of any developments on the matter.
Rio de Janeiro, January 15, 2016
João Batista Zolini Carneiro
Business Development and Investor Relations Officer
Light SA issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 16:04:12 UTC
Original Document: http://ri.light.com.br/enu/5229/2016 01 15 Comunicado_ao Mercado_GSF_vfinal_MZT_eng.pdf
