Overview
- Aneel’s board, meeting Tuesday, recommended a 30-year extension of Enel’s power distribution concession in Ceará.
- The simple majority followed director Gentil Nogueira’s vote and went against relator Fernando Mosna’s earlier rejection.
- The board asked the Mines and Energy Ministry to add a clause that cancels the concession if Enel’s 2025 results are not confirmed or future Plan of Results targets are missed, alongside a R$7.4 billion investment plan through 2027.
- In São Paulo, Aneel again pulled from its agenda the process that could revoke Enel’s concession after a federal judge froze deliberations in response to the company’s mandado de segurança.
- The São Paulo case is paused under a March 19 court order, as the audit court gave Aneel five days to deliver the full file and federal prosecutors moved to overturn the injunction, while Aneel’s own legal office opposed an immediate termination and said a separate caducity case is required.