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U.S. Territories

TexasTowelie

(117,898 posts)

5. What evidence do you have that PREPA can operate the plant at a reduced cost?

Reply to WHITT (Reply #4)

Sat Jan 29, 2022, 02:58 AM

Jan 2022

Even if PREPA gets involved, the plant will still close. Considering that the plant will close by 2028, it may have trouble recruiting new employees. PREPA also has significant financial problems and they aren't renowned for fixing much of anything so it appears that your faith may be misplaced.

In addition, Puerto Rico is trying to privatize its electrical network because it previously held a monopoly position. I doubt that they are going to reverse policy to take on a plant with significant liabilities, namely all of the coal ash that they are paying to ship and dispose of in the United States.

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Highlight:

Reports: Citing 'serious cash flow problem,' AES demands government bailout from Puerto Rico [View all] TexasTowelie Jan 2022 OP

snark alert: Mebbe the Puerto Rican government has a few spare rolls of paper towels abqtommy Jan 2022 #1

Let The Stockholders Eat It WHITT Jan 2022 #2

So you want the electrical customers to sit in the dark? TexasTowelie Jan 2022 #3

Surely PREPA WHITT Jan 2022 #4

What evidence do you have that PREPA can operate the plant at a reduced cost? TexasTowelie Jan 2022 #5

Profit WHITT Jan 2022 #6