Bolivia's president nationalizes electrical grid
POSTED: Tuesday, May 1, 2012 - 11:00pm
UPDATED: Tuesday, May 1, 2012 - 11:14pm
LA PAZ, Bolivia — President Evo Morales announced Tuesday that his government is completing the nationalization of Bolivia's electricity sector by seizing control of its main power grid from a Spanish-owned company.
Morales took advantage of the symbolism of May Day, the international day of the worker, to order troops to occupy installations of the company, a subsidiary of Red Electrica Corporacion SA.
Read more here.