Showing posts with label Hurricane Irma. Show all posts
Showing posts with label Hurricane Irma. Show all posts

September 18, 2017

Political Report # 1277 In Wake of Hurricane Irma, Vultures Eye Puerto Rico’s Electric Grid for Privatization

By Kate Aronoff, Angel Manuel Soto, and Averie Timm, 


The Intercept 




Vultures circling the wreckage of Puerto Rico in the wake of Hurricane Irma are closing in on a long-sought prize: the privatizing of the island’s electric utility.
Puerto Rico avoided the very worst of the storm, which darted just north of the U.S. territory. But it didn’t escape unscathed. Following a request from Gov. Ricardo A. Rosselló, the White House declared a state of emergency. Three people were killed and more than 1 million were left without electricity in the storm’s wake.
The fragile body responsible for that power is the Puerto Rico Electric Power Authority, whose executive leadership warned ahead of the storm that parts of the island could be left without electricity for up to six months. Thanks to the change in the storm’s path and a crew of dedicated line workers, Prepa, the island’s sole electricity provider, now expects most towns to have their lights back on within two weeks and full power within a month. As of Monday, more than 70 percent of homes had already gotten electricity back.
But once the lights are turned on, Puerto Rican households will face a new threat.
“[The investors] have the best sales pitch now,” Carlos Gallisá, a former consumer representative on Prepa’s board of directors, told The Intercept by phone from San Juan. “They have already started, saying that only privatization will serve the people.”