Can Fox Power Up The Power Industry?
Privatization is a dirty word in Mexico. Many Mexicans believe that selling off state-owned companies leads to higher prices, worker layoffs, and juicy profits for the new owners--not improved service, as government officials typically promise. So when Energy Secretary Luis Tellez last year proposed a thorough overhaul of Mexico's state-run electricity industry, complete with auctions of power plants and distribution rights, union and popular opposition quickly killed the idea.
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