Overview

• Discounts and any related payments under the October 3 conciliation are frozen until the tribunal rules on the complaints.
• The contested accord would cut 24.13% from Águas do Rio’s water purchase invoices, with an estimated impact of about R$900 million.
• Cedae reversed course within days, rejecting responsibility for self-declared SNIS data on September 29 and then signing the conciliation on October 3.
• The dispute centers on divergences between SNIS coverage indices used in the auction modeling and figures later reported by the concessionaire, which the court says should have been challenged during bidding.
• Within 15 days, the state, Cedae and the concessionaire must submit studies and legal opinions, while the court seeks input from Agenersa and BNDES and the Caixa financing contract for risk review.