Enel seeks to avert termination of Sao Paulo concession

Enel has asked Brazil’s power regulator Aneel to annul proceedings aimed at terminating its São Paulo distribution concession, arguing the regulator did not carry out a structured analysis of the impact on consumers. The company submitted the request on Thursday, saying it is its final defense before Aneel decides whether to recommend termination of the concession to the federal government. The filing seeks to challenge the process leading to a potential end to Enel’s operating rights in the region. The matter is now in Aneel’s hands as it evaluates Enel’s arguments and determines whether to move forward with a recommendation.