Rebuilding Puerto Rico’s Electricity System

Rebuilding Puerto Rico’s Electricity System

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Man works on Puerto Rican power lines. Source: Department of Defense
November 12, 2019

Puerto Rico’s electric system was destroyed by Hurricane Maria in 2017. Will privatization of the island’s electric utility ensure reliable and affordable energy for the future?

In 2017 Hurricane Maria destroyed Puerto Rico’s electric grid, cutting off power to the island’s residents, some of whom remained without electricity for nearly a year. The island’s publicly owned power utility, PREPA, is now for sale, and it’s hoped that privatization will deliver an electric grid better prepared to endure future tropical storms and power that Puerto Ricans can afford.

David Skeel, member of Puerto Rico’s congressionally mandated Financial Oversight and Management Board tasked with guiding the recovery of Puerto Rico’s bankrupt economy, talks about PREPA’s controversial privatization plan and the challenge of overcoming years of mismanagement and corruption that have dogged the utility.

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