Puerto Rico governor plans power company overhaul

AP News
Posted: Oct 23, 2013 4:23 PM

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor says he is overhauling the island's state-run power company amid corruption allegations and criticism that bills are on average more than twice that of the U.S. mainland.

Gov. Alejandro Garcia Padilla said Wednesday that he will reduce power costs by 20 percent in two years and by 50 percent in 12 years. He also pledges to create a committee to oversee the contracts, operations and expenses of the power company, which is known as the Electric Energy Authority.

The announcement is drawing skepticism from many people in the sweltering, tropical U.S. territory who have repeatedly complained of high and inaccurate bills as the government struggles through a seven-year recession.

Garcia says other changes include providing live transmission of the meetings of the company's board of directors.