Justice suspends compliance with Light’s financial obligations

The Justice of Rio de Janeiro granted this Wednesday (12) the precautionary measure required by the Light Group, determining that the enforceability of compliance with the financial obligations assumed by the group be suspended for a period of 30 days. The decision by Judge Luiz Alberto Carvalho Alves, holder of the 3rd Capital Business Court of the Court of Justice of the State of Rio de Janeiro, also suspends the effects of decreeing early maturity of obligations already overdue and prevents new decrees in this regard. The Light energy concessionaire is present in 31 municipalities in Rio de Janeiro, including the capital, and serves 4.5 million customers, being responsible for supplying electricity to 64% of the state’s population. The group comprises five companies: Light Serviços de Eletricidade, Light Energia, LightCom, Light Conecta and Light Soluções em Eletricidade. The group also owns five hydroelectric plants, with an installed capacity of 855 megawatts. The suspension is valid for 30 days, extendable for the same period, according to the mediation process. “Analyzing the facts narrated and the documentation attached to the case file, the requirements that authorize the granting of the precautionary measure claimed in advance are present. Taking into account that the service provided by the plaintiffs is essential, in the case of delegation by the granting public authority, the danger of imminent damage reflects both on this, and on the plaintiff companies, their creditors and mainly on the Rio de Janeiro population that uses electricity services” , wrote judge Luiz Alberto Alves, in the decision. In the decision, the magistrate also granted the Light Group’s request to initiate mediation with the aim of renegotiating the debts. “I also deny the initiation of the mediation procedure between the parties, as provided for in Law No.

Agência Brasil