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Puerto Rico to privatize power generation amid outages

Por: The Boston Globe Business January 28, 2023

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SAN JUAN, Puerto Rico— Puerto Rico announced that it plans to privatize electricity generation, a first for a US territory facing chronic power outages as it struggles to rebuild a crumbling electric grid.The move marks the beginning of the end for Puerto Rico’s Electric Power Authority, a behemoth long accused of corruption, mismanagement and inefficiency that holds some $9 billion in public debt — the largest of any government... + full article



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