Puerto Rico

Puerto Rico plans power company overhaul

 

Associated Press

Puerto Rico is overhauling its state-run power company amid corruption allegations.

– Puerto Rico’s governor is pledging to cut power costs amid corruption allegations and criticism that bills are on average more than double that of the U.S. mainland, the governor said.

Gov. Alejandro Garcia Padilla said he would create a commission to regulate the power agency and oversee its contracts, operations and expenses. He’s also pledging more transparency for customers.

Many people in this tropical U.S. territory have long complained of what they say are outrageous and inaccurate bills.

“It's an industry that basically decides, depending on who's overseeing it, the rates it will set, how much it will charge and what type of fuel it will use. It faces no competition,” Senate President Eduardo Bhatia said at a recent public hearing.

Garcia said the agency will have to publish its rates monthly and provide details on its finances and operational costs.

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