STXNEWS LATAM-Brazil toughens terms on existing power licenses in decree

Thu Aug 30, 2012 11:46am EDT

The Brazilian government toughened on Thursday existing rules that would allow regulators to seize operating licenses from power utilities that fail to meet contract requirements more rapidly. The new rules, which were published in the government's official gazette, are probably aimed at easing terms for a change in control especially for distressed power transmission and distributions companies, analysts told Reuters on Thursday.