Bolivia expropriates Spanish energy subsidiaries

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The exterior of Spanish energy company Iberdrola is seen, in Madrid, Spain, Saturday, Dec. 29, 2012. President Evo Morales has nationalized electricity distribution subsidiaries of the Spanish energy company Iberdrola. Morales issued a decree Saturday 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. Soldiers guarded the installations of the electricity distribution companies, marked with signs reading: "Nationalized". (AP Photo/Andres Kudacki)LA PAZ, Bolivia (AP) — President Evo Morales nationalized electricity distribution subsidiaries of the Spanish energy company Iberdrola in a public ceremony on Saturday.