Rebuilding Puerto Rico’s Electricity System

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.

David Skeel headshot

David Skeel

S. Samuel Arsht Professor of Corporate Law, Carey Law School
David Skeel is the S. Samuel Arsht Professor of Corporate Law at the University of Pennsylvania Law School and member of Puerto Rico’s Financial Oversight and Management Board.

Andy Stone

Energy Policy Now Host and Producer
Andy Stone is producer and host of Energy Policy Now, the Kleinman Center’s podcast series. He previously worked in business planning with PJM Interconnection and was a senior energy reporter at Forbes Magazine.