29 de abril de 2024

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PREPA-POA: The Legacy Charge Threatens to Exacerbate Energy Poverty in Puerto Rico homes, experts warn

According to Agustín Irizarry Rodríguez, even without considering the impact of the Plan of Adjustment proposed by the Oversight Board, more than half a million households are already on the edge of what they should be paying for electricity.

March 12, 2024 - 5:25 PM

According to experts in energy systems and economists, the legacy charge - a key component of the payment plan currently under consideration by Judge Swain - will have an impact on the economy, which currently appears robust, but solely due to the effect of federal funds associated with post-natural disaster reconstruction. (Carlos Rivera Giusti)

By Joanisabel González

Editora de Negociosjoanisabel.gonzalez@gfrmedia.com

Judge Laura Taylor Swain accepted Monday as evidence the testimony of energy systems expert Agustín Irizarry Rodríguez, as well as those of economists Ramón Cao and José Alameda, whose studies highlight that the proposed Plan of Adjustment for the Puerto Rico Electric Power Authority (PREPA-POA) will have multiple adverse effects on Puerto Rico’s economy, but also on the reliability of the power system, a dynamic that will end up working against the creditors.