Mexico Seizes Public Electric Utility.

NYTIMES/
President Felipe Calderon dissolved Luz y Fuerza del Centro(LyFC), a public power company and supplier of electricity for the capital and central Mexico, because of a labor dispute.
Federal police occupied LyFC’s facilities after Calderon issued an executive order dissolving the utility company on the basis of “proven operating and financial inefficiency.”
The utility has labor liabilities of 240 billion pesos ($18 billion) and its costs are “almost double its revenues,” the president said.

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