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All Agree that Puerto Rico's Electrical System Must Change

All agree that Puerto Rico's electrical system must change but disagree on what form the change should take.

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Comments (1)
Regulating rates is definitley a credit negative as it is one of the key distinguishing features of a publicly owned utility. It will also likely slow down the conversion to natural gas as I am assuming the Commission will need to sign off on capital improvements.
Also the elimination of automatic rate increases due to energy costs may erode the financial health of PREPA as well. This will be further excacerbated by rate regulation.
Reducing energy costs and getting government agencies to covenant to budget for energy purchases are a better path to lower rates.
Mike Belsky
Greenwich invetment Management
Posted by mike b | Monday, December 02 2013 at 10:21AM ET
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