{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Morales expropriates Spanish energy subsidiaries' data-url='/boclips/videos/5c54c3d0d8eafeecae1641a0' data-video-url='/boclips/videos/5c54c3d0d8eafeecae1641a0' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nMorales expropriates Spanish energy subsidiaries\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Mid of Bolivian President Evo Morales taking seat for news conference, with Alvaro Garcia Linera, Bolivian vice president (left), and Juan Jose Sosa, Bolivian energy minister (right), alongside him2. SOUNDBITE (Spanish) Evo Morales,...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Mid of Bolivian President Evo Morales taking seat for news conference, with Alvaro Garcia Linera, Bolivian vice president (left), and Juan Jose Sosa, Bolivian energy minister (right), alongside him\u003cbr/\u003e2. SOUNDBITE (Spanish) Evo Morales, Bolivia President:\u003cbr/\u003e\"We have been forced to take this step to ensure that electricity rates are equitable in the departments of La Paz and Oruro, and that the quality of electricity service is uniform in rural and urban areas.\"\u003cbr/\u003e3. Wide of rooftop of Electropaz building and two military members standing on roof guarding it (\"Electropaz\" stands for \"Empresa de Electricidad de La Paz\", or \"Electric Company of La Paz\")\u003cbr/\u003e4. Wide of Bolivian soldiers guarding building, with banner on side of building reading (Spanish): \"Nationalised\"\u003cbr/\u003e5. Reverse shot of soldiers\u003cbr/\u003e6. Tilt up from machine guns being held by soldiers to their masked faces\u003cbr/\u003e7. Cutaway of soldiers holding machine guns\u003cbr/\u003e8. Mid of poster hanging outside building reading (Spanish): \"From nationalisation to exporting. Bolivia, united, big and for all of us\"\u003cbr/\u003e9. Top shot of Alvaro Garcia Linera, Bolivia vice president talking to Electropaz company officials inside building\u003cbr/\u003e10. Reverse shot of Linera talking and surrounded by media\u003cbr/\u003e11. Linera leaving building\u003cbr/\u003e12. Wide of banner handing outside building reading (Spanish): \"Nationalised\"\u003cbr/\u003e13. Mid of soldiers standing on rooftop \u003cbr/\u003e14. Wide of soldiers outside building\u003cbr/\u003eBolivia President Evo Morales nationalised electricity distribution subsidiaries of the Spanish energy company Iberdrola on Saturday.\u003cbr/\u003eMorales issued a decree allowing the takeover of shares in Empresa de Electricidad de La Paz (Electropaz) and Empresa de Luz y Fuerza de Oruro (Elfeo), which supply energy in the Andean nation.\u003cbr/\u003eIn the ceremony at Bolivia's government palace, Morales also announced the expropriation of an investment management company and a service provider belonging to the Spanish energy giant.\u003cbr/\u003eMorales said he had \"been forced to take this step\" to ensure that electric service rates remained \"equitable\" in the regions of La Paz and Oruro. \u003cbr/\u003eSoldiers guarded the installations of the electricity distribution companies, marked with signs reading \"nationalised\".\u003cbr/\u003eVice President Alvaro Garcia Linera visited Electropaz and assured employees they wouldn't lose their jobs as a result of the nationalisation. \u003cbr/\u003eThe decree, read by Morales, also calls for Iberdrola to receive indemnification after an independent firm is hired within 180 days to determine the value of the nationalised shares.\u003cbr/\u003eTelephone calls and emails seeking comment from Iberdrola in Spain were not immediately answered.\u003cbr/\u003eVia its Twitter account, @Iberdrola, the company said in Spanish that it will be: \"studying the expropriation decree in Bolivia in the coming days and hope to get the actual value of their participation.\"\u003cbr/\u003eMorales in May also nationalised Transportadora de Electricidad belonging to Spanish company Red Electrica, which controlled 74 percent of energy transmission in Bolivia.\u003cbr/\u003eIn his first year in office in 2006, the Bolivian president nationalised the oil industry through a renegotiation of contracts with a dozen oil companies, including Repsol, Petrobras, BG and Total.\u003cbr/\u003eIn 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