Puerto Rico’s bankrupt power utility is close to a long-term deal to outsource the business of delivering electricity, making an expensive bet that private operators can curb the high costs and service problems that have long plagued consumers, people familiar with the matter said.
The U.S. territory’s public power monopoly is nearing an agreement with a consortium of operators including Quanta Services Inc. that would put them in charge of operating and maintaining the electricity grid for 15 years, according to people familiar...
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June 22, 2020 at 10:02PM
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Puerto Rico Closes In On Electric Service Privatization - The Wall Street Journal
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