Hoy newspaper acknowledged their mistake in publishing that the government had not met the US$15-million initial payment for the reacquisition of power distribution companies EdeSur and Edenorte, as agreed in October with Union Fenosa of Spain. The newspaper’s economic editor, Mario Mendez, citing sources from the CDEEE, explained that he did not confirm the tip received from one of its most trustworthy sources. The CDEEE clarified that the payment of the US$15 million was made on 15 October by way of a Banco de Reservas transfer. CDEEE director of public relations, Luis Jose Chavez, clarified that the supposed post-dated check never existed. The news story appeared in Hoy and was covered in DR1 Daily News on Friday. In October the government agreed to pay US$362.5 million plus 12% annual interest over the next 12 years. The transaction, which came as a surprise to all, brought about the suspension of the stand-by agreement signed in August with the IMF.