Reuters Staff -Eletrobras to appeal order to return funds to government -CEO
Petroleumworld 08 18 2017
Brazil's state-run power firm Eletrobras will appeal a decision by electricity regulator Aneel ordering the company to return 3 billion reais ($945.15 million) to a government fund, Eletrobras' chief executive said on Thursday.
CEO Wilson Ferreira Jr. said Centrais Elétricas Brasileiras SA, as Eletrobras is formally known, should receive 2 billion reais from a government fund known as CCC instead of returning money as Aneel ordered on Wednesday.
$1 = 3.1741 reais
Reporting by Silvio Cascione; editing by Grant McCool from Reuters.
08 17 2017
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