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After looking it up, I discovered PREPA was privatized shortly after Hurricane Maria. So perhaps they have new sources of capital. Though I'm still not sure (or
by g_sch 7y ago
After looking it up, I discovered PREPA was privatized shortly after Hurricane Maria. So perhaps they have new sources of capital. Though I'm still not sure (or at least not confident) that anyone with a profit motive is going to invest heavily in Puerto Rico's grid.
- Vivtek 7y agoThere was talk that Duke Energy was interested in a purchase. I haven't heard anything recently.
- jandrese 7y agoIIRC the PREPA privatization was more of a gift to some well connected people and less about modernizing or improving the company.
- jtuente 7y agoThere's corruption all around PREPA, just a nasty situation. http://ieefa.org/ieefa-report-effects-of-long-running-oil-purchase-scandal-undermine-privatization-and-contract-reform-initiatives-at-prepa/ http://ieefa.org/ieefa-report-effects-of-long-running-oil-pu...
- andrekandre 7y agoalso known as “disaster capitalism” [1] [1] https://en.m.wikipedia.org/wiki/The_Shock_Doctrine https://en.m.wikipedia.org/wiki/The_Shock_Doctrine