MercoPress. South Atlantic News Agency
Argentina sanctions power companies for repeated outages that affected millions
Argentina announced sanctions on electricity companies Edesur and Edenor following the power outages suffered by hundreds of thousands of citizens in Buenos Aires City and surrounding areas, amid a historic heat wave that brought stifling temperatures for 18 days. Read full article
Comments
Disclaimer & comment rules2014
Jan 04th, 2014 - 10:34 am - Link - Report abuse 0and its started already,
Argentina threatens this,
Argentina threatens that,
Argentina will do this,
Argentina will do that,
in fact Argentina via CFK can do sod all but open her computerised mouth and spread utter rubbish...lol
In a real country the government would make sure the infrastructure was properly maintained instead of paying millions of dollars annually for football.
Jan 04th, 2014 - 11:17 am - Link - Report abuse 0“The torture and executions will continue until morale improves.”
Jan 04th, 2014 - 12:51 pm - Link - Report abuse 0Have they learned anything?
They gotta blame somebody and it might as well be the electric companies. The temp will be back up next week
Jan 04th, 2014 - 01:01 pm - Link - Report abuse 0More people will be back from shortened vacations (probably their last)
The Rg has nothing to look forward to in 2014.
More of the same and worse.
Come on guys, that is unfair. Everything is rosey in Argentina, you're all making this up. :)
Jan 04th, 2014 - 03:24 pm - Link - Report abuse 0@4
Jan 04th, 2014 - 03:48 pm - Link - Report abuse 0You were right about the US$ reaching 10 pesos on the blue. What do you think it will be at the end of 2014? Lets have a competition, I reckon it will be 10.68.
Federal Planning Minister Julio De Muerte (everything he gets involved with dies) said “the government will act with “calm and seriousness” as personally mandated by President Cristina Fernández to “guarantee the preservation of legal security,”
Jan 04th, 2014 - 03:57 pm - Link - Report abuse 0Just like they did with YPF!
They never learn do they?
Standby for continuous disconnections in the very near future.
At a minimum 15/1,
Jan 04th, 2014 - 04:12 pm - Link - Report abuse 0Maybe more depending on what happens when the trade balance goes negative around 2nd quarter.
Do they have companies queuing up to take over these concessions?
Jan 04th, 2014 - 05:13 pm - Link - Report abuse 0Somehow I doubt it.
Nationalisation would seem to be the only option for them.
@ 6 golfcronie
20/1 minimum, could be worse depending on soy harvests ect.
I here they are going to put all domestic users on payment meters, payment in $US. to be run by a new company, La Campora Dollar Generating PLC.
Jan 04th, 2014 - 05:37 pm - Link - Report abuse 0Crafty sods, two birds with one stone!
@ 10 reality check
Jan 04th, 2014 - 06:32 pm - Link - Report abuse 0But as the poor sods have no access to US Dollars, where would they come from? :o)
What a brilliant idea, the two companies ( Edesor and Edenor ) have no money to invest, so what does the Government do, fine them, what a good idea, even less money to invest. Where on earth do these people get their ideas from?
Jan 04th, 2014 - 08:01 pm - Link - Report abuse 0Telam report
Jan 05th, 2014 - 12:01 am - Link - Report abuse 0“By Edesur this way users will pay 221 million pesos and Edenor 77.5 million, which begin to be accredited from the next bill and until the credit runs out. Both companies will suffer additionally regulatory sanctions as concession contract, and will be 17.88 million pesos for Edesur and Edenor 8 million.”
http://www.telam.com.ar/notas/201401/46850-aca-no-hay-salvataje-para-nadie-solo-para-los-que-tuvieron-los-problemas.html
The temps are heading back up, over 32C the lines melt, so more blackouts and transformer explosions can be assured.
Jan 05th, 2014 - 12:41 pm - Link - Report abuse 0Still 20 neighborhoods in BA and GBA without power/water for 3 weeks.
I wonder how many dead people they'll find when the elevators start working again?
One thing we have not heard much about is the SOY crop. Maybe it's too early to talk about damage but when the temps are over 90F for extended periods the plants don't produce.
This could prove to be the final straw.
Anyone else think that these magical 200 items that are on price freeze may be the same 200 items indec uses? That's not possible right?
Teachers want a 30%+ raise
3x the inflation rate.
That seems high
I can't wait until mid 2014
I can't wait
happy New Year Argentina, Happy New year LOL! if there are any lights on can the last person turn them off when leaving
Jan 05th, 2014 - 02:43 pm - Link - Report abuse 0@14 The “prize freezes” they talk about don't reflect anywhere on the grocery bill. We avoid going to places like Vea in favor local traders. The amount you spend at Vea or Carrefour can be more than double what you'd otherwise get locally.
Jan 05th, 2014 - 04:26 pm - Link - Report abuse 0Maybe the “frozen” prices are for those with welfare cards, and everyone else gets the inflation rate. What I know for sure is, that the prices are increasing and it's not improving.
16. Until they stop printing so many pesos nothing is going to stop this vortex.
Jan 05th, 2014 - 04:53 pm - Link - Report abuse 0I hope you've been stocking up on non-perishables or propane tanks.
If the SOY crop is as bad as I am expecting 2013 will look like the good ol' days.
@16 this price freezes are just to fudge the new INDEC statistics.
Jan 05th, 2014 - 05:20 pm - Link - Report abuse 0@17 even if they stop printing pesos it's not going to help. If they stop printing pesos they will need to cut subsidies for fuel, transport and electricity, doubling rates and pushing costs upwards, increasing inflation. There isn't anything the government can do other than cutting subsidies and shut down the country.
16 Optimus
Jan 05th, 2014 - 05:54 pm - Link - Report abuse 0Sorry to hear about the events there.
As much as many of us want to see the current government driven from office and the Trolls proven wrong ( before they are abandoned by the Campora insiders), I am sorry to hear of the toll it is taking on people like yourself and Simon68.
Best of luck to you.
Anybody heard from Simon68 lately?
Jan 05th, 2014 - 06:33 pm - Link - Report abuse 0Simon: if you are about please just give us a post to say how you are. :o)
20 ChrisR
Jan 05th, 2014 - 07:53 pm - Link - Report abuse 0I know, I hoped he would be back on line but so far nothing. I asked after him when the riots started but didn't hear anything.
I just hope that he is ok.
Price control is a great way to expand the infrastructure,
Jan 06th, 2014 - 03:11 am - Link - Report abuse 0The Argentinian government are genius in economics!
That is why they gain a decade of prosperity.
22 cornelius
Jan 06th, 2014 - 06:17 pm - Link - Report abuse 0Please tell me you are joking with that comment. Please, pretty please.........
@23 I'm being sarcastic of course they are corrupt and the populous young and ignorant keep them in power.
Jan 10th, 2014 - 11:35 am - Link - Report abuse 0Commenting for this story is now closed.
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