The Institute for Energy Economics and Financial Analysis and the Institute for Competitiveness and Sustainable Economics for Puerto Rico called for the Puerto Rico Energy Commission and the federal Fiscal Oversight and Management Board of Puerto Rico to take control of the Puerto Rico Electric Power Authority.
Puerto Rico’s retail sector stands to lose more than $8.4 million if power remains down for more than six months, the Retail Business Association warned Monday.
Over the next several months, the Puerto Rico Electric Power Authority (PREPA), United States Army Corps of Engineers (USACE), the Department of Energy, and private industry will unite to restore emergency power to Puerto Rico’s electric grid, which was heavily damaged by hurricanes Irma and María, the Federal Emergency Management Agency said.
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