Minister Nunes Marques, of the Federal Supreme Court (STF), asked today (17) for the manifestation of the parties involved in the action in which the Attorney General’s Office (AGU) questions the constitutionality of provisions of Law 14.182/2021, a norm that authorized the privatization of Eletrobras. With the decision, the AGU must express its opinion on the case within ten days. Then, it will be the turn of the Attorney General’s Office (PGR) to send the information it deems relevant. The request for information is a common procedure before the judgment of unconstitutionality actions that are processed in the Court. There is no deadline for the minister to judge the issue. On the 5th of this month, the AGU contested, in the Supreme Court, the section of the law that deals with the reduction of the Union’s participation in the votes of the company’s board. According to the agency, the law prohibited a shareholder or group of shareholders from exercising voting power greater than 10% of the number of shares. In the understanding of the AGU, the federal government, as a shareholder, was harmed by the norm. The Union owns about 43% of the common shares. In the petition, the agency also points out that the objective of the action is not to renationalize Eletrobras, but to protect the public interest and the property rights of the Union. The privatization of Eletrobras was approved by the National Congress and sanctioned by then-president Jair Bolsonaro, in 2021. The company owns one third of the installed electricity generating capacity in the country. The company also owns almost half of the total transmission lines.
Agência Brasil
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