Reuters: Regulatory News: Brazilian states push back on policy to cut energy rates

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Brazilian states push back on policy to cut energy rates Sep 24th 2012, 16:58 SAO PAULO, Sept 24 | Mon Sep 24, 2012 12:58pm EDT SAO PAULO, Sept 24 (Reuters) - Brazil's states are combining forces to challenge a new federal policy aimed at lowering energy bills by cutting taxes and renewing utility concessions at lower rates, an official of the nation's richest state said on Monday. Sao Paulo Energy Secretary José Aníbal said the state would forego 1 billion reais ($493 million) in revenue per year under the federal government's current plan to lower electricity rates, which are among the world's highest.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions