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Prepa’s Privatization Lacks Transparency

The possible privatization of Puerto Rico’s electrical utility is being debated in the U.S. Congress. The largest creditor of the Puerto Rico Electric Power Authority (PREPA), National Public Finance, says that regulations for the privatization of the bankrupt utility “lack transparency, required PREPA to compensate ‘unsuccessful proponents’ and limit the role of the Puerto Rico Energy Bureau (PREB), the energy sector’s regulator.” But the Unión de Trabajadores de la Industria Eléctrica y Riego has suggested the appointment of an inspector general as alternative to a receiver. “Under UTIER's suggestion, the inspector general would monitor, audit, and investigate the authority’s activities. It would cover personnel practices and hiring regulations, procurements, fiscal and accounting issues, capital and energy planning, and regulatory oversight. (…) ‘PREPA has a compliance problem,’ the union said in its motion. ‘PREPA does not need an entity that comes to enact new rules. It needs an entity that enforces them.’”

Source: Caribbean Business

The partial privatization of the commonwealth’s police and security training system has begun

The partial privatization of the commonwealth’s police and security training system has begun. Late last month, the government published the request for qualifications (RFQ) for entities interested in operating the public-private partnership (PPP) that will administer the projected “Center for Training and Development of Public Security,” an institution that will include the Police Academy. The RFQ says the privatization contract will last 30 years and allow the operator to use the facilities of the Police Academy in Gurabo, as well as the four shooting ranges and the training areas of the other participating agencies.

Source: El Nuevo Dia

Privatization of PREPA

As the privatization of PREPA, the island’s electricity utility, advances, political leaders, academics and business leaders are advocate an energy policy for Puerto Rico that will enable communities to access renewable energy, create jobs, and municipalize traditional energy resources. “Some of the groups stressed that the regulatory framework must not put limits to net-metering, a mechanism that provides credits to solar energy system owners for the electricity they add to the grid.” [Eva Lloréns Vélez, “Groups Back Array of Alternatives in Proposed Energy Policy,” Caribbean Business, September 6, 2018]