State-led Eletrobras, Brazil's largest power utility holding company, posted on Wednesday a net loss of 6.88 billion reais ($3.42 billion) for last year that it attributed to the impact of a government-sponsored plan to cut electricity rates.
Brazil's state-controlled
utility Centrais Eletricas Brasileiras SA, or Eletrobras
, on Friday denied a report that said the government
is studying a plan to break...