Shares in the electricity sector lead Ibovespa rises; Energisa rises 4% By Reuters

2023-10-19 19:11:08

© Reuters. Electricity transmission towers in Pará 03/30/2010 REUTERS/Paulo Santos

By Paula Arend Laier

SÃO PAULO (Reuters) – Shares of electricity companies were a positive highlight on the São Paulo stock exchange this Thursday, with the sector’s index increasing more than 2%, while the , a reference in the Brazilian stock market, showed an increase of just 0. 41%.

Around 1:40 pm, Energisa (BVMF:) Unit rose 4.05%, while Copel (BVMF:) PNB appreciated 3.46%, and Equatorial (BVMF:) ON rose 3.33%, responding for the best performances in the sector on Ibovespa. Outside the index, Light (BVMF:) rose 11.37%.

In the case of Copel, the company announced the day before that its voluntary dismissal program (PDV) had 1,437 people signed up, with an estimated cost of 610 million reais in compensation and additional expenses. The measure, however, should represent annual savings of 428 million reais.

As for Light, the newspaper O Estado de S.Paulo published on Wednesday night that the energy distributor of Grupo Light, in judicial recovery, could be removed from the process involving the holding company, if negotiations with creditors are successful. around a debt restructuring plan that is being designed.

Light Energia, Light’s generation and transmission subsidiary, had already asked the court to withdraw from the group’s judicial recovery process.

For analyst Luis Novaes, what may also be boosting assets in the energy sector, in addition to company-specific events, would be the expectation that the sector will not be included in the selective tax to be created after the tax reform, representing less tax pressure. .

“It is a point that is still under discussion and the sector could be framed by its impact on the environment”, he noted.

According to a report in the newspaper O Estado de S.Paulo this Thursday, the rapporteur of the Tax Reform in the Senate, Eduardo Braga (MDB-AM), will propose in his report the withdrawal of the electricity sector from the collection of the new Tax Selective, which will focus on products considered harmful to health and the environment.