Tuesday, March 21 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Governor asked to swear not to raise electricity prices with privatization of power generation

    January 26, 2023 - CE Noticias Financieras


      Morovis Mayor Carmen Maldonado González reacted to Governor Pedro Pierluisi Urrutia's allegation that the privatization of the Puerto Rico Electric Power Authority (Prepa) will not result in bill increases for subscribers.

      "To believe him we will have to have that allegation in writing and sworn. Let's remember that we are dealing with the same public official who assured that with LUMA Energy there would be no increases, and we all know the result. The entire country, consumers, merchants, industrialists, non-profit organizations, we are all suffering from the prevailing disorganization and the increase in rates," said the also vice president of the Popular Democratic Party (PDP).

      On Wednesday afternoon, the governor made official the entry of the company that will manage Prepa, the Genera PR consortium, and it is estimated that the contract will cost the island more than $100 million annually for the next 10 years.

      "This has been a contract negotiated and signed behind the backs of the people of Puerto Rico, without any details and announced only when it was already signed. My position is that the government should not be managed as a private company, because the administrators are not the owners of the assets and should not manage them as they please," Maldonado González concluded.


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.