Judge Luiz Alberto Carvalho Alves, from the 3rd Business Court of the Capital of the State of Rio de Janeiro, accepted on Monday (15) the Light's judicial recovery request. Therefore, The termination of contracts caused by RJ is suspended.
The company must present the recovery plan within 60 days. The judge also ordered that all contracts and instruments relevant to the operation of the Light Group and its subsidiaries be maintained, such as guarantees, guarantee insurance and energy sales contracts.
If there is any problem with the electricity supply for thousands of consumers, that is, interruption of service, the injunction that guarantees RJ may be revoked by the Court.
Light filed the recovery request last Friday (12), alleging debts of $ 11 billion. The request was made by the holding company Light SA, since Law 12.767/12 prohibits companies providing public electricity services from entering RJ.
A ANEEL (National Electric Energy Agency) said that Light Serviços de Eletricidade SA, responsible for supplying energy in Rio de Janeiro, is in compliance with all its intra-sector obligations, which include distributor contracts with generators, transmitters and the payment of sector charges.
Obligations with suppliers of services, equipment, labor and employees are also fully preserved.
The Agency also said that it monitors the distributor's economic and financial conditions, “including compliance with all intra-sectoral obligations, and will adopt the necessary preventive and/or coercive measures to ensure the adequate provision of the electricity distribution service in the area of Light’s concession.”
In a statement, Light said that it trusts its operational and commercial capacity to reach a solution to resolve the debts. The company's concession is valid until June 4, 2026.
