SAO PAULO, Dec. 19, 2014 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service provider in the world based on the number of customers, pursuant to CVM Instruction 358, of January 3rd, 2002, and amendments thereto, hereby informs its shareholders and the market in general that today ARSESP published Public Hearing Rule 003/2014, which will provide for the "Presentation and discussion of ARSESP's resolution proposal that provides for the inclusion of contingency tariff mechanisms into Sabesp's water consumption reduction incentive program," which will take place on 12/29/2014.

The details of this Public Hearing and the Resolution Draft regarding the matter are available on ARSESP's website.

The complete Material Fact is available at the Company's website (www.sabesp.com.br)

IR Contacts:

Mario Arruda Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11) 3388-8793 (abairoldi@sabesp.com.br)

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SOURCE Sabesp