Aneel Director Recommends Renewal of Light’s Concession as Case Goes to Board

Overview

• Aneel’s board will discuss the case on November 4 after rapporteur Gentil Nogueira advised extending Light’s electricity distribution contract.
• Nogueira’s published vote says technical areas found no obstacles and that Light met decree criteria on continuity, efficiency, economic‑financial management, and required regularity documents.
• Light serves about 4.3 million customers across 31 municipalities in Rio de Janeiro and its current concession ends in June 2026.
• The company endured a severe debt crisis and its holding sought judicial recovery in 2023, yet the vote finds the economic‑financial criterion satisfied and cautions against adding ad hoc requirements.
• Only two of 19 renewal requests have been extended so far—EDP Espírito Santo and Neoenergia Pernambuco—while Light shares gained after the favorable signal and the company expressed confidence.