Overview
- Acting president Geraldo Alckmin formalized more than ten vetoes to MP 1.304 in the Diário Oficial on November 25.
- The government removed the broad curtailment compensation rule, retaining only the Eduardo Braga provision that limits payouts to cuts caused by transmission or reliability constraints.
- An amendment to change the Price of Reference for Petroleum was rejected over concerns about legal uncertainty and threats to ongoing oil and gas investments, including projects affecting Petrobras.
- Additional vetoes scrapped restrictions on new autoproduction arrangements, the use of CDE funds to distribute TV receiver equipment, and mandatory annual R&D and efficiency spending by power retailers.
- The Planalto justification warned of higher electricity tariffs and judicial disputes, and Minister Alexandre Silveira noted the vetoes could face resistance in Congress.