Celso Marranzini, president of the board of the Corporación Dominicana de Electricidad, favored that the Dominican government reach an agreement with the Smith-Enron power generation company, prior tot he issuance of the judgment by the international arbitration court that has heard the case of the CDE vs. the U.S. company. The new executive director of the company in the Dominican Republic, Kevin Manning has favored the reaching of an agreement with the CDE prior to the judgment of the court. He has told the press that the judgment will most likely not satisfy the aspirations of either the company nor the Dominican state utility. The judgment is expected to be issued in mid June. Smith Enron has said the CDE is in arrears with the payment of US$45 million. The Dominican government has said it will not pay on a basis of installed capacity, only for energy served by the company. "We bill according to the contract," Manning told El Siglo recently. He explained that the contract speaks of installed capacity, as the plant was installed as per the needs of the CDE. "…for this it was necessary to take out a loan that we must pay on the basis of installed capacity. This type of contract is accepted around the world," said Manning. He said the CDE has interpreted the contract and only pays per energy served. The Smith-Enron plant has been criticized for constantly being unable to meet generation capacity levels. Experts say it is the wrong plant for the wrong site.
