U.S. INDUSTRY SCOREBOARD 2/8 [262,144 bytes]
Major structural changes are afoot in Latin America's energy sector.
Mexico has taken a key step toward ending the state monopoly on the nation's electric power industry. If the reform is successful, it will attract $25 billion in investments to develop 13,000 MW of new capacity needed in the next 7-10 years to meet power demand that is growing 6%/year.
On Feb. 2, President Ernesto Zedillo took the highly unusual step of announcing on national television and radio that the next day he would submit to the Congress proposals for the constitutional reform of Articles 27 and 28 dealing with energy. The ...