NewsWhore
02-14-2008, 02:51 PM
Despite the fact that the DR's energy distributors Cash Recovery Index (CRI) levels are up to 59.2% (up from 53.5%), Listin Diario is reporting that the distributors will end the year with a US$615.5 million deficit, 17.1% greater than last year's figure. The deficit is more astounding considering that the deficit was 9.3% between 2005 and 2006. Listin quotes a report from the energy sector indicating that the distributors increased the energy invoiced by 10.6%, and collected 90.3% of the time. This is up from 87.5%. The distributors also managed to reduce commercial losses, which went down from 38.9% to 34.3%. As part of an effort to reduce the number of rolling blackouts, the government covered US$432 million of the distributors' deficit, of which EdeSur received US$110.8 million, EdeEste received US$155.6 million and EdeNorte received US$164.8 million. Listin writes that during this current presidential election period, the government has subsidized the energy sector with US$2.7 billion to cover deficit costs.
The electricity sector is a major drain on state resources. According to the report, the government has set aside RD$21 billion to subsidize the sector, about US$615 million. Listin reports that the three distributors served 9,803million kWh last year, but billed only 5,634.7 million kWh, for a 42.6% loss that was passed on to taxpayers in the form of governmental subsidies.
More... (http://www.dr1.com/index.html#3)
The electricity sector is a major drain on state resources. According to the report, the government has set aside RD$21 billion to subsidize the sector, about US$615 million. Listin reports that the three distributors served 9,803million kWh last year, but billed only 5,634.7 million kWh, for a 42.6% loss that was passed on to taxpayers in the form of governmental subsidies.
More... (http://www.dr1.com/index.html#3)