Why does Prepa ignore the idea of an undersea cable from Florida to Puerto Rico??? – Caribbean Business

The Puerto Rico Legislature’s pursuit of much-needed energy reform is a commendable first step forwarded by Senate President Eduardo Bhatia and House Speaker Jaime Perelló in helping to bring down electricity rates. There is no question that Puerto Rico’s astronomical electricity costs—the highest in the entire U.S. at 26¢ to 30¢ per kilowatt-hour kWh—must come down.However, we don’t see how the commission that the legislative assembly has put in place to oversee the Puerto Rico Electric Power Authority Prepa can deliver the best results. Here’s why. Proponents of the commission as the answer to lower electricity rates use the argument that the Telecommunications Regulatory Board TRB was instrumental in helping to bring down prices in the telecom industry.

via Why does Prepa ignore the idea of an undersea cable from Florida to Puerto Rico??? – Caribbean Business.

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