Brazil´s Supreme Court reversed decision blocking Cemig talks to renew dam licenses
By Reuters Staff
Petroleumworld 09 22 2017
Brazilian utility Companhia Energética de Minas Gerais SA said a Supreme Court justice overturned a decision by the TCU federal audit court barring the company from renegotiating the renewal of certain operating licenses.
According to a Thursday securities filing, The TCU had blocked talks with the federal government to extend the licenses of three hydro-power plants known as Jaguará, São Simão and Miranda. Supreme Court Justice Dias Toffoli granted an injunction suspending the TCU decision, the filing said.
Reporting by Ana Mano; Editing by Chizu Nomiyama from Reuters.
reuters.com 09 21 2017
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