Spain Risks Breaking Law on Power-Tariff Deficit, CNE Says

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The Spanish government risks breaching the legal limit for the deficit in electricity-system revenues should demand fall short of its forecasts, the country’s energy regulator said.

“There are elements of uncertainty during 2012 that could lead to higher costs or lower revenues,” the Comision Nacional de Energia said in an e-mailed statement today. Those include “a declining trend in demand.”