SAN JUAN, Puerto Rico (AP) – Puerto Rico privatized its electricity design to your Wednesday, seeking Genera Public relations when deciding to take along the operation and you can repairs from state power age group devices in the U.S. area as an element of a primary $twenty two.5 million yearly price.
The announcement happens given that island cannot reconstruct the crumbling energy grid in the middle of persistent stamina outages charged partly about what Gov. Pedro Pierluisi named “archaic and you can erratic” generation products.
Torres as well as informed that offer means extra charges for brand new state utility company, which keeps specific $nine mil in financial trouble – the largest of any Puerto Rican authorities agency – and you will remains mired within the a keen acrimonious battle with financial institutions since it tries to leave bankruptcy
“I am sure that we take suitable track to render the individuals the fresh credible and reasonable opportunity system which they deserve,” he said.
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