Se Fue la Luz (part 2)

From the U.S Department of State 

Electricity
"An ongoing concern in the Dominican Republic is the inability of participants in the electricity sector to establish financial viability for the system. Three regional electricity distribution systems were privatized in 1998 via sale of 50% of shares to foreign operators; the Mejía administration repurchased all foreign-owned shares in two of these systems in late 2003. The Fernández administration purchased the third distributor, which serves the eastern provinces, in June 2009. In 2010, the current head of the state electricity company called for the re-privatization of the electricity distributors. The World Bank records that electricity distribution losses for 2009 totaled about 40%, a rate of losses exceeded in only two other countries. Due to low collection rates, theft, infrastructure problems, and corruption, distribution losses remain high. Subsidies to the electricity sector exceeded U.S. $1 billion in 2008. Congress passed a law in 2007 that criminalized the act of stealing electricity; it entered into force in February 2009. The 2009 IMF standby specifically targets six areas of improvement for the electricity sector. Debts in the sector, including government debt, amount to close to U.S. $500 million. Some generating companies are undercapitalized and at times unable to purchase adequate fuel supplies."