The proposal includes ending the monopoly status of Puerto Rico Electric Power Authority (PREPA), the island’s bankrupt utility that is still rebuilding after Hurricane Maria destroyed Puerto Rico’s electric grid more than a year ago. While power has since been restored, the island is just beginning its broad rebuilding that will include modernization and integration of more renewable sources.
Hearings on the legislation are slated to begin Friday in a joint session between the Puerto Rico House and Senate, according to Caribbean Business News.
Comments