The Overlooked Detail in Governor Rossello’s Plan for PREPA

By [email protected] On January 22, 2018, Puerto Rico Governor Ricardo Rosselló announced that he plans to “privatize” the Puerto Rico Electric Power Authority. That announcement generated multiple news stories and commentaries about how the public power entity would be sold off to raise capital for the heavily indebted island. The press reports made it sound like the Puerto Rican government is getting out of the electric power sector completely and moving to the traditional investor-owned utility structure that dominates business models on the mainland.

Our reading of the announcement suggests that is not the case.

The governor announced “a model of privatization of power

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