BMI View: There has been some good news for utilities in Argentina this quarter, with the announcementthat the government will permit an increase in electricity prices, in a move to encourage investment inelectricity and natural gas infrastructure. However, this will not necessarily equate to an increase inprofits, with the government having called for extra income to be channelled into a governmentadministeredinvestment fund. Additionally, continued economic headwinds are set to negatively affect thepower industry in 2013, particularly hindering power consumption.Argentina''s power generation increased by an estimated 4.2% during 2012, underpinned by an estimated
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