Fonte: ANEEL
The capital cost for establishment of top income of the transmission in the next bidding was set today (03/15) by the board of the National Energy Agency (ANEEL). The rate of return for the companies that won the auction for 2011 was set at 5.59% per year in real terms and after tax.
The board also decided to evaluate, within 90 days and from the contributions received during the public hearing that discussed the issue, the possibility of methodological changes to the calculation.
The methodology used by the Agency to define the future rate of return on utility transmission is the average cost of capital (Weighted Average Cost of Capital, WACC) in combination with the asset pricing model (Capital Asset Pricing Model-CAPM) employed to project the cost of equity. The cost of third-party capital is estimated from a financial benchmarking. (FA/GL)
