Puerto Rico Gov. Ricardo Rosselló said yesterday that he would put the island’s power utility up for sale, a watershed step toward dismantling a deeply indebted public monopoly that came under intense criticism for its response to Hurricane Maria, the Wall Street Journal reported. Gov. Rosselló said that the government-owned utility known as PREPA would cease to exist in its current form and its assets sold to private companies in the hopes they will invest in modernizing Puerto Rico’s troubled electrical grid. “The power system is not designed for the needs of today’s Puerto Rico,” he said. “PREPA assets will be sold to companies who will transform the generation system into a modern, efficient, and less expensive one for the people of Puerto Rico.”
