What can I say?? Arrghhh …. this isn’t right! “When injustice becomes law, rebellion is duty!” #StandUpPuertoRico …
With 15 blackouts per day and electricity rates rising by 20%, the power grid of Puerto Rico is in deep trouble.
To add insult to injury…a report has just been completed, showing that over the next five years, electricity rates will rise by at least 55%.
The report also concludes that the PREPA “debt-restructuring deal” will not even work, leaving PREPA in a state of permanent debt and high-interest payments…which will be paid by the people of Puerto Rico, through a constant set of rate hikes and hidden fees.
According to the 45-page report from the Institute for Energy Economics and Financial Analysis, after PREPA pays its bond debt through a “re-structured” payment arrangement, PREPA will be in a worse financial condition than ever before.
Here is the entire report:
The report firmly concludes that the entire “re-structuring” process is being mismanaged, and that PREPA is headed for…
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