"Most of these power plants should have been decommissioned many years ago. But when you decommission something, you need to have something new," Puerto Rico's Electric Power Authority former executive director Ricardo Ramos told ABC News.PREPA's gas power plants are over 40 years old.
"At that time, bunker type C oil was extremely cheap. So it was chosen to use that fuel in order to have a competitive, let's say, electricity tariff," Ramos told ABC News. Prior to Luma's takeover on June 1, 2021, the government entity, PREPA, was in charge. Today, the government only owns the system that generates electricity while Luma oversees transmission and management.The mix of an expensive system, mismanagement and lack of maintenance drove PREPA into a more dire situation, according to energy financial expert, Tom Sanzillo.
The incompetent government was able to bankrupt a monopoly. Government mismanagement at it's best.
no kidding
do you really think joe Biden will help you guys out? he cant form a sentence
As a territory what do you want from United States? What do you think they should do for you and what are you doing for them?
VictorOquendo The people pay the price for corruption and incompetence at the highest levels of government and industry. The DOJ needs to investigate criminality, and will no doubt, find plenty to go around.
Puerto Ricans RISE UP FOR YOUR FREEDOM AGAINST OPPRESSORS, oh wait they are part of the USA no?
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