Congressional Response to Puerto Rico’s COVID-19 Outbreak

Puerto Rico, which has seen its share of significant back-to-back crises, is once again caught unprepared to tackle the economic costs and public health challenges that will arise from this epidemiological shock. It is just not equipped to face a large-scale health care crisis. That is unless we can secure federal support and empower local institutions.

Prioridades

El Centro para una Nueva Economía propone un marco conceptual, “vivir bajo riesgo”, para analizar los riesgos y el impacto de los recientes desastres naturales.

Algo que funciona bien

La existencia de un regulador independiente del sector eléctrico en Puerto Rico es más importante que nunca en momentos que se discute el futuro de la AEE. Sergio Marxuach explica por qué se debe fortalecer el Negociado de Energía de Puerto Rico (NEPR).

No todo lo que es oro, brilla

Rosanna Torres, directora de la oficina de CNE en Washington, explica las restricciones punitivas incluidas en el nuevo acuerdo de fondos federales para la reconstrucción.

CNE’s impact in transforming PREPA

The approval of Puerto Rico’s Electric Power Authority’s (PREPA) Restructuring Support Agreement (RSA) implies an increase in rates, a sun tax and another possible future renegotiation as it is not a sustainable agreement. The price is too high for us to allow its approval since the cost of living and doing business in Puerto Rico will continue to increase for decades. For this reason, the Center for a New Economy (CNE) began to implement a strategy aimed at the island’s people and leadership to advocate for a better agreement despite the fact that the decision is in the hands of Judge Taylor Swain in Bankruptcy Court.