The energy sector in Argentina is in shambles. The populist policies adopted by the current government are not sustainable and dragging almost every company operating within the power sector into financial crisis. Edenor SA (NYSE:EDN), a power distribution company and a subsidiary of Pampa Energia SA (NYSE:PAM), is not a lien to the difficulties faced by the power sector. The reluctance of the Argentine government to increase electricity tariffs and the increasing costs of providing and maintaining quality service to its customers has resulted in EDN reporting net losses over the past few years. The losses accumulated by the company over the years resulted in the company reporting a negative equity in the first quarter of...
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