The electrical system of Puerto Rico is in chaos


What can I say?? Arrghhh …. this isn’t right! “When injustice becomes law, rebellion is duty!” #StandUpPuertoRico …

WAR AGAINST ALL PUERTO RICANS

Book - 12-10

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.

http://www.valuewalk.com/2016/08/debt-restructuring-deal-for-puerto-rico-power-authority-will-not-restore-agency-to-financial-health/

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:

http://www.valuewalk.com/wp-content/uploads/2016/08/PREPA-Debt-Restructuring-Deal-Won’t-Restore-Agency-to-Financial-Health-August-2016.pdf

The report firmly concludes that the entire “re-structuring” process is being mismanaged, and that PREPA is headed for…

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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