Rico, Hurricane, Lopez Liebau discussed on Morning Edition


She has a little lantern. And a, flashlight nothing more refrigerator is empty unplug I think my dear Lord she begins then her wide smile. Fades and she falls into the arms of. Her adult grandson of the ill Doc you have a wonderful daughter she sobs and, my grandkids they're the ones, who've looked after me, Madina is among the last, thousand or so customers that put the Rico's. Electric utility says, are still waiting for power. Ten months after hurricane Maria utility known as says it won't stop till they all have power but last week the up fell into chaos the islands governors demanded, that pass board cut the seven hundred fifty thousand dollars salary, of its newly hired CEO in response five out. Of the seven board members including the new CEO resigned saying in a letter. That quote petty political interests were trying. To control the utility the, governor denied interfering politically and quickly began, filling the vacancies on purpose board it's a critical time at the utility Which is owned by the government. Last month the, governor signed a Bill that will privatise power generation on the island but keep power distribution under, government control even though the governor talks privatizing breadbox he still. Has the hope to we. Able to control the company. Said human sweat is with the center. For a new economy a think tank input the Rico it's well known he says that, because it is so huge, generates so much cash, issues so many contracts that, the island's governors have long seen control of. The utility is, one of the spoils of. Office on the other hand you had the old board and I think they had a different vision to make this political more professional and also perhaps had a, different vision as to how you operate going into the future, at a meal president of the union representing electric. Workers agrees that political meddling is a rampant problem at there but he also. Feared that the resignation of its independent Board members. Would only allow the government to exert more control over the utility will. Put us young mindful base they resigned from Puerto Rico's most important corporation kinda meal says without any sense of their. Obligation to the people, had a meal and his, union fiercely opposed the government's plan to privatize the aside from its ongoing struggle to turn the lights on after the hurricane the utility is bankrupt and owes creditors billions. Of dollars Kate, lung does research for some of those creditors is this common does this happen often no it, never happened never you Tony exceptionally stable businesses investors love Ryan Barnes have utilities because they're really basically the most stable entities in the United States Connie so this is so, far off the charts it just doesn't even register long. Wants the federal government to take over at least. For a while? That idea is being? Hotly, debated in local. News this. Is, all news to, godless Lopez Liebau in this you know power means we can't, turn. On the news he said right now one. Of his big concerns is keeping, his little generator running it's the third one he's bought since the. Hurricane he said they burn out every three months. Or so Adrian footy the entire news Bledel.

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