Enel contests Aneel forfeiture proceedings in São Paulo over alleged calculation errors

Enel has formally challenged the Brazilian electricity regulator Aneel's attempt to initiate forfeiture proceedings against its São Paulo operations, citing technical errors in the agency's assessment. Aneel maintains that the utility's performance metrics, specifically regarding productivity and service reliability, justify the regulatory action. The outcome remains uncertain as the dispute moves through administrative channels, potentially impacting the stability of power distribution in Brazil's largest economic hub.