"HOW FREE ELECTRICITY HELPED DIG $9 BILLION HOLE IN PUERTO RICO
"Puerto Rico's power authority, also known as Prepa, has been giving free power to all 78 of Puerto Rico's municipalities, to many of its government-owned enterprises and even some for-profit business, but not to its citizens, Mary Williams Walsh writes in DealBook. It has done this for decades, even as it has sunk deeper into debt and borrowed billions just to stay afloat.
"Now, the island's government is running out of cash and a movement is underway to limit the free electricity, which is estimated to cost Prepa hundreds of millions of dollars. "
"Now, the island's government is running out of cash and a movement is underway to limit the free electricity, which is estimated to cost Prepa hundreds of millions of dollars. "
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