FILE PHOTO: Mexico's President Andres Manuel Lopez Obrador attends a media conference at Palacio Nacional in Mexico City, Mexico, January 30, 2019. Picture taken on January 30, 2019. REUTERS/Carlos Jasso
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Monday contracts private companies have with state-run power utility CFE should be revised to keep electricity prices low, sending shares in one firm tumbling.
"We are urging companies that have agreements with the Federal Electricity Commission (CFE) to come together to review contracts and above all to reach an agreement that electricity prices will not increase," Lopez Obrador said during his morning press conference.
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