Puerto Rico’s electric system was destroyed by Hurricane Maria in 2017. Will privatization of the island’s electric utility ensure reliable and affordable energy for the future? 

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In 2017 Hurricane Maria destroyed Puerto Rico’s electric grid, cutting off power to the island’s residents, some of whom remained without electricity for nearly a year. The island’s publicly owned power utility, PREPA, is now for sale, and it’s hoped that privatization will deliver an electric grid better prepared to endure future tropical storms, and to deliver power that Puerto Ricans can afford.

David Skeel, member of Puerto Rico’s congressionally mandated Financial Oversight and Management Board tasked with guiding the recovery of Puerto Rico’s bankrupt economy, talks about PREPA’s controversial privatization plan and the challenge of overcoming years of mismanagement and corruption that have dogged the utility.

David Skeel is the S. Samuel Arsht Professor of Corporate Law at the University of Pennsylvania Law School and a member of Puerto Rico’s Financial Oversight and Management Board.

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Puerto Rico’s electric system was destroyed by Hurricane Maria in 2017. Will privatization of the island’s electric utility ensure reliable and affordable energy for the future? ---In 2017 Hurricane Maria destroyed Puerto Rico’s electric grid, cutting off power to the island’s residents, some of whom remained without electricity for nearly a year. The island’s publicly owned power utility, PREPA, is now for sale, and it’s hoped that privatization will deliver an electric grid better prepared to endure future tropical storms, and to deliver power that Puerto Ricans can afford.David Skeel, member of Puerto Rico’s congressionally mandated Financial Oversight and Management Board tasked with guiding the recovery of Puerto Rico’s bankrupt economy, talks about PREPA’s controversial privatization plan and the challenge of overcoming years of mismanagement and corruption that have dogged the utility.David Skeel is the S. Samuel Arsht Professor of Corporate Law at the University of Pennsylvania Law School and a member of Puerto Rico’s Financial Oversight and Management Board.Related ContentClimate Change and Financial Risks <a href='https://kleinmanenergy.upenn.edu/policy-digests/climate-change-and-financial-risks'>https://kleinmanenergy.upenn.edu/policy-digests/climate-change-and-financial-risks</a>Power Over the Twenty-First Century Electric Grid <a href='https://kleinmanenergy.upenn.edu/policy-digests/power-over-twenty-first-century-electric-grid'>https://kleinmanenergy.upenn.edu/policy-digests/power-over-twenty-first-century-electric-grid</a>

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Energy Policy Now

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by <a href="https://kleinmanenergy.upenn.edu/podcast/">the Kleinman Center for Energy Policy</a> at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

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