Petrobras (PBR) says it is taking advantage of high electricity prices as Brazil's hydroelectric...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR) says it is taking advantage of high electricity prices as Brazil's hydroelectric power system nears record lows and unusually hot weather raises concerns the country could face energy rationing. CEO Maria das Gracas Foster notes PBR can make some quick cash during days when spot-market electricity rates skyrocket because of strong demand.