05 Feb '18, 12pm

via @greentechmedia Puerto Rico’s Utility Moves Toward Privatization, With Strained Cooperation https://t.co/fSMZ0RD6tj

via @greentechmedia Puerto Rico’s Utility Moves Toward Privatization, With Strained Cooperation https://t.co/fSMZ0RD6tj

In the two weeks since Puerto Rico Governor Ricardo Rosselló announced plans to privatize the island’s public Electric Power Authority (PREPA), the utility has submitted a new fiscal plan to the island’s financial oversight board, released a “New Vision” for the energy transformation, and participated in a public fiscal meeting on the future of the island’s energy sector. Stakeholders also seem to be coalescing around a common goal of privatization for the embattled utility’s future. But even as that vision solidifies, the many groups invested in the island’s system -- the Puerto Rico Energy Commission (PREC), the Governor’s office, and the Financial Oversight and Management Board (FOMB) created by the Puerto Rico Oversight, Management, and Economic Stability Act -- have found themselves occasionally at odds. And cooperation seems more important now than ever. An integrate...

Full article: https://www.greentechmedia.com/articles/read/puerto-ricos...

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