Financial Times FT.com

Latin America

Mexico shuts down inefficient power utility

By Adam Thomson in Mexico City

Published: October 11 2009 20:37 | Last updated: October 12 2009 00:26

Federal police on Sunday took over the offices of Mexico’s second-largest electricity company after the government passed a decree late Saturday ordering it to close on the grounds of gross inefficiency.

Officers dressed in riot gear occupied dozens of offices and distribution centres of Luz y Fuerza del Centro (LyFC), a decentralised public-sector company that supplies electricity to residents in Mexico City and surrounding states.

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