CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
The Center for the New Economy released its latest analysis of the Puerto Rico Electric Power Authority on June 1. This is CNE’s third look, since 2005, at the electricity sector in Puerto Rico. Some of the highlights in this report include the following.
The smoking ruins in CAtaño are a grim reminder of Puerto Rico’s extreme dependence on fossil fuels. Indeed, one of the biggest challenges we currently face lies in transforming our fossil fuel-based energy economy to a stable, sustainable energy economy.
On June 29, the U.S. House of Representatives approved the American Clean Energy and Security Act by the narrow margin of 219 to 212. This comprehensive bill, which now moves on to the Senate, seeks to create clean energy jobs, achieve energy independence, and reduce global warming pollution.
In August of 2005, the Center for the New Economy published a research paper entitled “Restructuring the Puerto Rico Electricity Sector”. In that report we noted that the Puerto Rico Electric Power Authority suffered from various financial and operating inefficiencies that should be corrected as soon as possible.
En agosto de 2005, el Centro para la Nueva Economía publicó un estudio sobre la reestructuración de la industria eléctrica en Puerto Rico. En ese informe alertamos que la Autoridad de Energía Eléctrica en Puerto Rico sufría de varias deficiencias financieras y operacionales que debían ser atendidas a la mayor brevedad posible.
In August of 2005, the Center for the New Economy (CNE) published a research paper entitled “Restructuring the Puerto Rico Electricity Sector”. In that report we noted that the Puerto Rico Electric Power Authority (PREPA) suffered from various financial and operating inefficiencies that should be corrected as soon as possible. In this update we find, unfortunately, that most of those deficiencies are still present three years later.
Ahora me paso todo el tiempo apagando luces en casa. Sin embargo, no hago más que apagar una que alguien viene y prende otra. Y tan pronto estoy fuera de vista, vuelven a prender la que apagué.
According to data recently published by Bloomberg and the Bespoke Investment Group, the price of oil has risen 729.58 percent from its low on Nov. 19, 2001 to its closing high of $138.54 on June 6 of this year. As is often the case, there is no single factor that explains this phenomenon in its entirety by itself.
