What happened Shares of Centrais Eletricas Brasileiras SA (NYSE: EBR) , or Electrobras, sold off on Wednesday, slumping more than 16% by 10:45 a.m. EDT. Meanwhile, it would free the company from government intervention, which has used its control to keep electricity rates low so that it could fight inflation and spur economic growth. Now what There's increasing uncertainty surrounding the future of Electrobras, though it appears as if the company will remain under the control of the Brazilian government, which has mismanaged it in the past.