NewsWhore
12-13-2006, 01:50 PM
The power distribution companies, EdeSur, EdeNorte and EdeEste have fallen short of the level of collections for power served so far up to October this year. Diario Libre reports that their cash recovery indexes, agreed upon with the International Monetary Fund, have averaged 84.5% of the revenues collected for the service, reduction of losses and fraud. According to a report presented by the CDEEE, the company with the worst performance was EdeNorte, which recovered 44.8% of power served, when the objective set was 55.7%. EdeSur produced 57.6% with a goal of 67%, and EdeEste produced revenues of 57.3% of a budgeted 65.5%. Diario Libre points out that this is evidence that they have not improved their performance as expected, and explains why the government has had to spend an extra US$200 million in subsidies on top of what it had budgeted for this year.
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