This is what is coming … there seems to be no stopping it!!
“CAPITALISM + COLONIALISM = DISASTER FOR PUERTO RICO
This is where we are.
Puerto Rico is becoming a land of beggars and billionaires.”
The future of Puerto Rico is arriving quickly. The electrical authority PREPA negotiated its $9 billion debt repayment, and guess who is going to pay for it?
That’s right…the people of Puerto Rico.
A “SECURITIZATION CHARGE”
In Puerto Rico, fancy words often hide a simple crime.
The latest crime is the “securitization charge” that will be added to everyone’s electrical bill on the island.
One month ago, after negotiating with several vulture funds, PREPA announced that as of June 2016, a “securitization charge” of 3 cents per kilowatt hour would be added to everyone’s bill. This would amount to an average rate hike of $11.98 per household on the island.
But now, this “securitization charge” will rise to 4.2 cents per kw/hr within three months.
This is in addition to an electrical bill that is already 300% higher in Puerto Rico, than it is in New York…
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