Puerto Rico Transformation - Importance of an Independent Regulator

Deck: 

Vision for the Future

Fortnightly Magazine - March 2018
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Hurricane Maria's devastation of Puerto Rico in September 2017 reinforced the general understanding that the Puerto Rico Electric Power Authority (PREPA) cannot stand on its own.

Unnecessary delays, lack of coordination with national utilities and dubious contracts resulted in intermittent service restoration to just fifty percent of customers three months after the hurricane.

PREPA needs fundamental reform, alongside strong supervision from the Puerto Rico Energy Commission (PREC) and the Fiscal Oversight and Management Board (FOMB).

We propose basic strategies that can transform the current electrical system into one that is strongly regulated in line with U.S. mainland standards.

The new system should be resilient, environmentally compliant, competitive, and compatible with robust development of distributed energy resources. It should be built around diverse sources of energy, including a significant amount of indigenous renewable electricity.

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