PREPA privatization law invites more contracting scandals

Cathy Kunkel of the Institute for Energy Economics and Financial Analysis, worries that privatization without regulatory oversight of the island’s electricity system will just open up opportunities for corrupt, politically driven business deals. “In a report that Kunkel helped author, the IEEFA was particularly dubious that a new private owner, absent robust regulation, would voluntarily shift toward renewable fuel sources: Why would you pave the way for distributed forms of energy generation, like solar, when they compete with the centralized power grid you've just bought?” See the report, PREPA Privatization Law Invites More Contracting Scandals.