In 20 years, the subsidiaries of Eletrobras have accumulated losses of 22 billion reais

Brasilia – The six distributors of Eletrobras that the government plans to privatize on July 26 have accumulated a loss of 22.3 billion reais a loss of 22.3 billion reais since 1997, by which date the Union temporarily resumed these businesses in the US. intention to sell them to the private sector.Twenty years later, the announcement of the sale is published, but the obstacles to Congress and the judiciary

Last week, the Minister of the Federal Supreme Court (STF) , Ricardo Lewandowski, withdrew the distributor of Alagoas (Ceal) from the litigation until that state,

In Congress, it is still necessary to vote on the bill that resolves disputes in distributors in the North, in particular Amazonas Energia.

Distribution has never been an activity of Eletrobras, but ended up being "finished" for the company 20 years ago, when the federal government renegotiated and badumed the debts States. In exchange, under the agreement, states should privatize their distributors.

It was a successful business for several of them, in the case of São Paulo, Rio and Espírito Santo. The operation gave birth to companies like Eletropaulo, CPFL, Light and Escelsa

Distributors staying at Eletrobras were the ones who could not be sold. From the beginning, the federalization of businesses had to be a temporary situation.

Eletrobras had the intention to promote improvements in the companies so that they could be privatized in a moment. The auctions of Ceal, Alagoas and Cepisa, Piauí, in 1998 and 2000, failed due to lack of interested parties

Losses

Even outside the hands of the states, distributors continue to be strongly influenced by politicians and between parties for many years. According to BNDES calculations, retailers consumed R $ 22.3 billion in 20 years.

As 60% of the shares of Eletrobras belong to the federal government, this money ultimately comes from the taxes of all Brazilians

] In 2016, the shareholders of Eletrobras decided, in badembly, not to not renew distributors' concessions. Since then, Eletrobras has acted as a temporary service provider to maintain service in these states.

The combination was that the company would not use more resources to play the distributors. Therefore, the National Electric Power Agency (ANEEL) authorized increases of more than 10% of the consumer tariffs served by the companies.

In addition, in almost two years they have consumed about R $ 4.5 billion in subsidized loans.

With negative equity (debts much higher than its infrastructure), the distributors will be sold for R $ 50,000, a symbolic amount.

Workers in the company, a contingent of more than six thousand people, are afraid of losing their jobs when there is an exchange of control of stocks. The average salary paid by distributors is R $ 11.7 million, almost triple the average of private sector companies.