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Puerto Rico Plans to Privatize PREPA as Critics Warn of 'Maximum Amount of Corruption and a Minimal Amount of Electricity'
Puerto Rico will take steps to privatize its troubled state-owned electric utility, officials announced Monday.
Governor Ricardo Rosselló said plans to sell the bankrupt Puerto Rican Power Authority, or PREPA, would move the island towards a "consumer-centered model" for power as well as help Puerto Rico attain its goal of 30 percent renewable energy.