Line mechanics, crew leaders, safety personnel — and bucket trucks — from Exelon’s six utilities are on their way to Puerto Rico to add even more resources to the electric industry effort to restore power to the island.
Assured Guaranty, a monoline insurer for Puerto Rico Electric Power Authority debt, reacted to the administration’s announced plans to privatize the utility by saying agreeing on an “on an experienced, highly qualified manager able to impose order, transparency and accountability” is long overdue.
Puerto Rico Gov. Ricardo Rosselló announced his administration will begin the privatization of the Puerto Rico Electric Power Authority (PREPA), which he described as “a deficient and obsolete system of generation and distribution of energy on the island that was evident to citizens during the aftermath of Hurricane María.”
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
