Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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MARKET ANNOUNCEMENT |
CENTRAIS ELETRICAS BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26
PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A (“Company” or “Eletrobras”) hereby informs its shareholders and the market in general that, in addition to the Market Announcement released on August, 18, 2017, the National Electric Energy Agency ("ANEEL"), in the use of its regulatory powers, decided through Ordinance 149, of January 22, 2018, to partially uphold the request for suspensive effect filed by Eletrobras, in face of the Ordinance 2,504/2017, to suspend item "i" of Ordinance 2,504/2017, which determined Eletrobras to reimburse the fund of the Fuel Consumption Account ("CCC") in the amount of R$ 2,906,095,463.51, within a period of up to 90 days from the publication of the new Ordinance.
Accordingly, Aneel considered that the required suspensory effect should be granted until the regulatory agency can take the final administrative decision.
The valuation is only applicable to the financial amount that Eletrobras shall reimburse to the Fuel Consumption Account fund, since the suspension of the disbursements of Debt Confession Agreements (CCDs) entered into between Eletrobras and Amazonas Energia had immediate effect by Ordiance 2,504/2017.
The Company will keep the market informed about the subject matter of this Market Announcement.
Rio de Janeiro, January 25, 2018.
Armando Casado de Araujo
CFO and Investor Relations Officer
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
By: |
/S/ Armando Casado de Araujo
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Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.