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The Independent UK

National

Danica Coto

BIZARRE: Puerto rico to privatize power generation amid outages - What They Never Told You

Puerto Rico Electricity LUMA

Copyright 2017 The Associated Press. All rights reserved.

Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid.

The move marks the beginning of the end for Puerto Rico’s Electric Power Authority, a behemoth long accused of corruption, mismanagement and inefficiency that holds some $9 billion in public debt — the largest of any government agency.

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One subscription that gives you access to news from hundreds of sites

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