Puerto Rico hit with new power bill increase amid crisis
Puerto Ricans have been hit with another increase in electric bills as the U.S. territory's power company struggles to stay afloat.
The heavily indebted Electric Power Authority says the increase implemented on Monday will generate some $94 million this fiscal year. Clients on average will see a $6 monthly increase in bills, which already average twice those on the U.S. mainland and have been blamed for suppressing economic development.
Puerto Rico also has seen an increase in blackouts blamed on outdated infrastructure that the cash-strapped company has struggled to replace.
Puerto Rico hit with new power bill increase amid crisis
Comments