Another step towards potentially devastating privatization of Puerto Rico’s electrical grid

Another step towards potentially devastating privatization of Puerto Rico’s electrical grid

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Puerto Rico’s government last night reached a deal with a bondholder group to restructure more than a third of the $9 billion debt owed by the island’s electrical utility, Prepa, as it moves toward privatization. Economists say the deal, while helping Puerto Rico in the short term, will likely lead to an overall increase in the rates of interest poor cities, states, and territories must pay on bonds. Dr. Adriana Garriga-López, Department Chair and Associate Professor of Anthropology at ... Maggiori informazioni

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