The commission in charge of the process of capitalizing the Corporación Dominicana de Electricidad said it was postponing to October the tenders to choose the companies and privatize the state electricity utility. The Comisión de Reforma de la Empresa Pública said that it was doing so following a request from the companies that were participating in the tender and from the auditors of the CDE that are establishing the value of the assets. In a statement published in local dailies, the Commission says that it does not sympathize nor hold responsibility for the contents of the contracts signed by the Balaguer administration whereby private power generators are granted privileges and terms that are onerous to the economy of the CDE and the nation. The commission recognizes that the later is a difficult situation the CDE will have to resolve as the contractors foresaw a series of future circumstances and established provisions in their contracts so that the government would have to honor these despite the dismantling of the CDE and the privatization of the state utility. Antonio Isa Conde, president of the Commission, said that the government could subsidize the high prices paid to the private power generators that obtained generous contracts during the Balaguer administration with the energy produced by the hydroelectrics that will remain property of the state, regardless of the privatization process. Antonio Isa Conde, Gustavo Montalvo, George Manuel Hazoury and Gabriel del Rio Doñe spoke for the commission.
