Argentina Threatens to Seize Edenor, Edesur on Blackouts
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Argentina will step in to take over electricity distribution service in the capital if companies don’t resolve blackouts sparked by record demand during a heat wave this week, Cabinet Chief Jorge Capitanich said.
Empresa Distribuidora y Comercializadora Norte and Empresa Distribuidora de Energia Sur SA are responsible for the blackouts and need to invest to improve services or risk losing their concessions, Capitanich said in Buenos Aires. Edenor slid as much as 22 percent to 2.11 pesos after his comments to close 15 percent down at 2.30 pesos.