Josen Rossi spoke at the Puerto Rico Energy Redesign Forum on Friday, October 27, Rayburn Building, Washington, D.C. Rossi is Chairman, ICSE-PR (Institute for Competition and Sustainability Economics of Puerto Rico).
Josen Rossi: We have to take into consideration bond-holders, labor, and of course new investors. The best way to do that transparently would be through Energy Commission proceedings.
We also have to be cognizant that there are important obstacles to this happening transparently. I have my concerns regarding regulatory procedures being a little too slow. I don't know how that can be fixed in an environment where we have to move quickly and regain investor confidence, as well as household confidence within Puerto Rico, for people to stay in Puerto Rico and again invest in Puerto Rico.
I have my concerns regarding the regulatory processes. But it's the best way to ensure that redesign will consider everybody's interests. And that the final decision is made on facts and the best logic.