Brazil’s Eletrobras to Receive $500 Million in Regulatory Decision

The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York on April 9, 2019. Brendan McDermid/Reuters

Brazilian state-run utility Eletrobras said on Tuesday that electric sector regulator Aneel ruled that the company would receive a $500 million credit related to the “fuel consumption account” program.

Centrais Eletricas Brasileiras SA as the company is formally known said in a securities filing that the ruling related to its affiliated companies Amazonas Energia, Eletroacre, Ceron, and Boa Vista Energia.