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Pictures | Sat Dec 29, 2012 | 4:01pm EST

Bolivia nationalizes Iberdrola electricity companies

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources. REUTERS/Gaston Brito

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia...more

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources. REUTERS/Gaston Brito
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A Bolivian police officer stands guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/David Mercado

A Bolivian police officer stands guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December...more

A Bolivian police officer stands guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/David Mercado
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Bolivia's President Evo Morales (C) signs a decree nationalizing electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as Vice President Alvaro Garcia Linera (L) and Energy minister Juan Jose Sosa look on, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout

Bolivia's President Evo Morales (C) signs a decree nationalizing electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as Vice President Alvaro Garcia Linera (L) and Energy minister Juan Jose Sosa look on,...more

Bolivia's President Evo Morales (C) signs a decree nationalizing electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as Vice President Alvaro Garcia Linera (L) and Energy minister Juan Jose Sosa look on, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout
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Bolivia's energy minister Juan Jose Sosa is guarded by police officers at the entrance of the headquarter of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout

Bolivia's energy minister Juan Jose Sosa is guarded by police officers at the entrance of the headquarter of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, in La Paz, December 29, 2012. Bolivia...more

Bolivia's energy minister Juan Jose Sosa is guarded by police officers at the entrance of the headquarter of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout
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Bolivian police officers stand guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as government employees put up a banner reading: "Nationalized", after President Evo Morales announced their nationalization in La Paz, December 29, 2012.. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Gaston Brito

Bolivian police officers stand guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as government employees put up a banner reading: "Nationalized", after President...more

Bolivian police officers stand guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as government employees put up a banner reading: "Nationalized", after President Evo Morales announced their nationalization in La Paz, December 29, 2012.. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Gaston Brito
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Workers of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, hold "Whiphalas" (indigenous flag), in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout

Workers of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, hold "Whiphalas" (indigenous flag), in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by...more

Workers of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, hold "Whiphalas" (indigenous flag), in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout
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Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources. REUTERS/Gaston Brito

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia...more

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources. REUTERS/Gaston Brito
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