Argentina Congress forgives utility debts in cross-waiver with Edenor, Edesur

Argentina's Congress approved a cross-forgiveness of debts between the state and electricity distributors Edenor and Edesur, embedded in a bill limiting cold-zone gas benefits. The companies owe the state ~US$750 million, while their claims against the state for tariff freezes (up to US$3 billion) are now waived. This legislative move resolves a long-standing dispute but raises fiscal and regulatory concerns.