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December 20, 2014
Tuesday, January 7, 2014

Edenor, Edesur sanctions official; gov't seizes control of companies' investment fund

Sanctions on Edenor and Edesur have been made official today by the federal government. The electricity companies will have to compensate users for the power outages that left thousands in the dark back in December when a record-breaking heat wave plunged Buenos Aires City and surrounding areas into stifling temperatures that rose above the 36 C° for 18 days. The Kirchner administration also seizes control of a government investment benefit companies received.

In a resolution bu the ENRE electricity watchdog that was published today in the official gazette, the amount payable will vary according to the time clients were felt without power, going from $490 pesos to $870 pesos.

Following is a detail of the compensation scheme:

12-24 hours: $490 pesos

24-48 hours: $760 pesos

More than 48 hours: $870 pesos

The ENRE also points out that damages on installation systems and devices are not included in such indemnification but that will be addressed in each specific case.

The Cristina Fernández de Kirchner administration also decided to seize control of the Focede Benedit companies received for the development of infraestructure works and the maintainance of installation systems. It will be now the government to run the administration of the Focede funds.

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Tags:  Edenor  Edesur  power outages  sanctions  





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