“Hurricane Maria has dealt a new blow to Puerto Rico’s bankrupt electric company — knocking out power for the entire island and imposing costly repair burdens on a utility that was already struggling with more than $9 billion in debt, poor service and sky high rates.
And that means more hardship for local residents and businesses, whose electric rates are already more than twice the national average.
Even before it was hit by Hurricanes Irma and now Maria, the Puerto Rico Electric Power Authority said it needed more than $4 billion to overhaul its outdated power plants and reduce its heavy reliance on imported oil. The company filed for bankruptcy July 2,” Read more here.
MJ Electric offers electrical repair services throughout the region. For more information, visit our website or call us at 612-598-0793.
