Fonte: ANEEL
The board of directors of the Brazilian Electricity Regulatory Agency (ANEEL – Agência Nacional de Energia Elétrica)approved today (06/04), during the Public Meeting, the result of the Public Hearing No. 31/2013, which discussed the methodology of the 3rd Cycle of Periodic Tariff Review (TPR) of dealerships electricity transmission. We analyzed the following items: capital cost, operating costs, base salary and other income.
Regarding the cost of capital, the rules were used to calculate the weighted average cost of capital (WACC), which takes into account the relationship between risk and return on investment. The final value obtained was 6.64% per annum in real terms and after tax.
As for operating costs, was considered an additional insurance costs which corresponds to the ratio of insurance costs reported by broadcasters in Standardized Monthly
Balance (BMP) and its operating costs, which resulted in an increase of 1.3% for all companies.
The Agency also found that capital improvement projects will be considered in specific cases with review of the utilities over all asset base, as provided in Submodule 9.1 Procedures of Tariff Regulation (PRORET). For the Annual Cost of facilities and assets (CAIMI), which refer to investments short recovery period, such as hardware and software, vehicles, and all the infrastructure of buildings of administrative use, was kept the percentage adopted in the 2nd tariff review cycle: equal to 5% of the cost of administration, operation and maintenance (CAOM).
Regarding the item "Other income", serãoconsideradas complementary activities: sharing of infrastructure or general communication systems and atypical activities, characterized by the provision of services to third parties such as engineering, consulting, operation and maintenance, with percentages for the low rates.
Despite the approval of capital cost, the Agency determined the review of the procedure used for this calculation in a period of 90 days. The approved methodology is valid for companies that have their periodic review dates within the 3rd cycle. The scope of the review the notice appearing in the concession contract and should be applied over the entire asset base or only to new installations of the concession companies. (PG/DB)
