Argentina's government-owned power grid was privatized in the early 1990s, in the hope that incr
Argentina's government-owned power grid was privatized in the early 1990s, in the hope that increased competition would bring lower rates. Instead, rates rose, especially for residential users, and despite record profits, utilities failed to make the investments in maintenance and expanding capacity that were required in their contracts.
Source: Larry Rohter, "Energy Scarce as Argentina Faces Winter," The New York Times, 3/31/04, W7