CPFL approves loan of $ 631 mm to distributors

CPFL Energia’s Board of Directors approved a R$ 3.47 billion ($ 631 million) financing agreement with BNDES for the group’s distributors, according to the minutes of the meeting published to the market. The distributors that should receive the funds are: CPFL Paulista, CPFL Piratininga, RGE Sul Distribuidora de Energia (RGE) and Companhia Jaguari de Energia (CPFL Santa Cruz).

Source: Money Times