The Board stirs winds of privatization (horizontal-x3)
As first item on the agenda, the fiscal authority approved the plan for the eventual liquidation of the Government Development Bank (GDB). (José A. Delgado Robles)

New York - After laying the foundations for filing debt restructuring petitions before any courts, the Oversight Board in charge of Puerto Rico’s public finances yesterday ordered the Puerto Rico Electric Power Authority (PREPA) to speed up the revision of its rates and consider privatizing its entire power generation system.  The mandate by the Board that prevails over the Island’s elected government was issued at a meeting held in New York that also included measures for the revaluation of rates or privatization proposals in the agenda for the Aqueduct and Sewer Authority (AAA, by its Spanish acronym) and that of Highways and Transportation (HTA).


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