Reuters: Regulatory News: Eletrobras CEO says impact of license renewal 'manageable'

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Eletrobras CEO says impact of license renewal 'manageable' Sep 11th 2012, 17:56 BRASILIA, Sept 11 | Tue Sep 11, 2012 1:56pm EDT BRASILIA, Sept 11 (Reuters) - Eletrobras, Brazil's largest power holding company, said renewing operating licenses for distribution and transmission assets will have a "manageable" impact on the group's cash holdings. Chief Executive Jose da Costa Carvalho Neto told Reuters the cost of renewal would be offset by cutting other costs and generating revenue from the start of operations at new plants.

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