Restructuring the Puerto Rico Electricity Sector

The availability of high quality, reliable and cost efficient electric power is of strategic importance for the future economic development of Puerto Rico. This means that without access to relatively affordable and reliable electric power it will be extremely difficult, if not outright impossible, to promote sustained growth in basically any area of economic endeavor in Puerto Rico, be it in industrial biotechnology, retail commerce, small and medium enterprises, tourism or services because the cost of electric power is usually one of the top cost drivers in each of these industrial or commercial sectors.

The $586 Million Mystery

Recently, the Center for the New Economy, a non-profit, non-partisan think tank where I work, published a study analyzing the state of the Puerto Rico electricity sector.