
Puerto Rico Governor Ricardo Rossello announced Monday that the US territory will begin the privatization process of the Puerto Rico Electric Power Authority (PREPA), selling assets to companies that will "transform the generation system into a modern, efficient, and less expensive one for the people."
"The Puerto Rico Electric Power Authority (PREPA) has become a heavy burden on our people, who are now hostage to its poor service and high cost," Rossello said in a televised address. "What we know today as the Puerto Rico Electric Power Authority does not work and cannot continue to operate like this."












Comment: Further reading: Puerto Rico: 1 million still without power 100 days after hurricane Maria