Only four responses

[NewsWhore]

The date set by the Contract Renegotiation Committee has come and gone for the energy distributors to decide whether or not they will renegotiate the Madrid Accord, and only 4 of the 10 energy companies have submitted a response, leaving the process temporarily stalled. Committee coordinator and Dominican Electricity Company (CDEEE) vice president Radhames Segura said that the 6pm deadline came with only four companies, AES Andres, Palamara-La Vega, EGE-Haina and Electric Company of Puerto Plata (CPP) responding, even though they had been given until 12am at the latest to respond. Segura, quoted in El Caribe newspaper, didn't reveal the nature of the responses that were received. The government is giving the energy distributors the option to renegotiate the Madrid Accord, as a way of solving the energy problem, or face a reduction of the energy contracts from 15 years to 3 years.

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