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Brazilian utilities improve revenue

Brazilian electric utilities Coelba (Companhia de Eletricidade da Bahia), Eletropaulo, and Cesp have posted improved revenues due to tariff increases that came into effect in 1997.

Coelba posted a profit of R$57.8M between January and September, 1997. The result is attributed to reduction in staff and a 10.5 per cent increase in tariffs.

Eletropaulo has posted a net operating revenue of R$3.536bn over the same period, attributable to the 9.78 per cent tariff increase and a five per cent energy sales growth.

Cesp’s losses decreased from nearly R$400M to R$161.55M between January and September, 1997 compared with the same period in 1996.