PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
São Paulo, S.P., 05429-900
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1)__.
in paper as permitted by Regulation S-T Rule 101(b)(7)__.
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO – SABESP
A PUBLICLY-TRADED COMPANY
Corporate Taxpayer’s ID (CNPJ/MF): 43.776.517/0001-80
MATERIAL FACT
Companhia de Saneamento Básico do Estado de São Paulo – Sabesp, pursuant to CVM Instruction 358, of January 3rd, 2002, and amendments thereto, hereby informs its shareholders and the market in general that today ARSESP published Public Hearing Rule 003/2014, which will provide for the “Presentation and discussion of ARSESP's resolution proposal that provides for the inclusion of contingency tariff mechanisms into Sabesp's water consumption reduction incentive program,” which will take place on 12/29/2014.
The details of this Public Hearing and the Resolution Draft regarding the matter are available on ARSESP's website.
We highlight below the decisions that the Resolution Draft presented for discussion at a public hearing:
“RESOLUTIONS:
Article 1 - Approve the adoption of the contingency tariff to discourage water consumption at a level higher than the average for the period from February 2013 to January 2014.
Article 2 - Users exceeding the average consumption, calculated for the period from February 2013 to January 2014, defined as the reference consumption, are subject to the contingency tariff represented by:
I - 20% (twenty percent) increase in the tariff, should users exceed by up to 20% (twenty percent) their reference consumption;
II - 50% (fifty percent) increase in the tariff, should users exceed by more than 20% (twenty percent) their reference consumption;
Article 3 - The contingency tariff is applicable to users from all categories, except:
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a) users whose monthly water consumption is equal to or lower than 10 m³;
b) new users and users who do not have a consumption average for the period from February 2013 to January 2014; and
c) hospitals, emergency rooms, clinics, police stations, prisons and penitentiaries.
Sole paragraph. Other exclusion cases not provided for in this Resolution shall be sent to SABESP for evaluation.
Article 4 - The contingency tariff is applicable to all municipalities, under ARSESP's regulation, included in SABESP's Water Consumption Reduction Incentive Program.
Article 5 - The contingency tariff shall be in force for the consumption measured as from the date this Resolution is published.
Article 6 - The additional amounts collected by SABESP through the adoption of the contingency tariff should be recorded separately on a specific account and shall be aimed at covering - partially or fully - additional costs arising from the shortage situation.
Sole paragraph. SABESP shall send to ARSESP, on a monthly basis, reports on the amounts collected with the contingency tariff.
Article 7 - Pursuant to the applicable legislation, SABESP should ensure that users' complaints regarding their assessed consumption levels are addressed.
Article 8 - This Resolution shall be in force as from the date of its publication and shall be valid up to the end of 2015 or when the reservoir levels are normalized (whichever occurs first), pursuant to SABESP's invoice delivery and reading schedule.”
São Paulo, December 18, 2014.
Rui de Britto Álvares Affonso
Chief Financial Officer and Investor Relations Officer
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP | ||
| By: | /s/ Rui de Britto Álvares Affonso
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Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer |
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