Global Market Intelligence

Constantly Living Forward

Puerto Rico's Hurricane-Stricken Power Industry Faces Long Road to Recovery

Long before the one-two punch from hurricanes Irma and Maria, the Puerto Rico Electric Power Authority (PREPA-Autoridad de Energia Electrica) was struggling. Earlier this year,…

Puerto Rico | Hurricane Maria | Power Outages

Industrial Info

Fri Sep 29 2017

Puerto Rico's Hurricane-Stricken Power Industry Faces Long Road to Recovery

Long before the one-two punch from hurricanes Irma and Maria, the Puerto Rico Electric Power Authority (PREPA-Autoridad de Energia Electrica) was struggling. Earlier this year, PREPA had estimated the price tag to upgrade its aging generation fleet to be in the $4 billion range. Several of those plants are 44 years old or more. Currently, roughly half of electricity for »