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Mexico lures cash-hungry U.S. power companies

Wednesday, March 23, 2016

U.S. electricity producers seeking a salve for low prices at home and growing competition from solar and wind power are exploring whether to make a bet on Mexico’s sputtering energy revolution.

This year, for the first time, Mexico will allow independent companies, including those from outside the country, to compete in selling wholesale power. In anticipation, at least three top U.S. producers have held talks on entering the new market.

Source: Bloomberg