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(UPDATE) Puerto Rico Power Grid

Dated: January 5, 2023 by Sharyl Attkisson Leave a Comment

      

(Original air date Sep. 25, 2022)

An update to our investigations into Puerto Ricoโ€™s bankruptcy, hurricane spending, and rebuilding of its electric grid at U.S. taxpayer expense.

The following is a transcript of a report from "Full Measure with Sharyl Attkisson." Watch the video by clicking the link at the end of the page.

In 2017, Hurricane Maria destroyed Puerto Ricoโ€™s already dysfunctional electric grid, plunging millions of people in the U.S. territory into darkness, some going without power for a year. That triggered a $17 billion-dollar rebuild for an island the size of Connecticutโ€” at taxpayer and customer expense.

A test โ€” and bad news โ€” recently came with Hurricane Fiona. Officials reported the storm knocked out power on most of the island.

When we visited last year, Puerto Ricoโ€™s multibillion dollar grid rebuild was well under way, but Don Cortez from the power company Luma Energy told us not to expect too much too soon.

Sharyl: How long, according to your plans, is it going to take before you have really big, meaningful change?

Cortez: I would say it's going to take five to 10 years to make a very, very big difference. Now, there are going to be โ€” people will ask me, "Well, am I going to have to wait five years?" No, we're going to make a difference. Every day that we're here, we're going to make a difference. But when you say a big difference, I would say, it's going to take five to 10 years. We're trying to prudently and reasonably spend $10 billion.

Puerto Ricoโ€™s power situation has been plagued by scandal. After Maria, the FBI charged two federal emergency management FEMA officials in a bribery scheme. They allegedly steered $1.8 billion to a company hired to repair Puerto Ricoโ€™s electric grid. Since the rebuild has begun, customers have demonstrated in the streets, protesting huge rate hikes and poor service, and members of Congress have criticized what they consider too-slow progress.

Sharyl (on-camera): Puerto Rico is technically in bankruptcy after a series of financial scandals. Its budget is under management of a financial oversight board created by Congress. That board, which has plenty of critics, privatized the publicly-owned power grid in an effort to improve it.

Watch update here.

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About Sharyl Attkisson

Emmy-Award Winning Investigative Journalist, New York Times Best Selling Author, Host of Sinclair's Full Measure

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