Companies competing for PR’s utility concession announced

Four proponents have entered the secondary selection phase to determine which company will manage and operate “all aspects” of Puerto Rico Electric Power Authority (Prepa)’s electricity transmission and distribution system. 

“Now we begin the transformation of our energy system in the Island. Under a public-private partnership we will be developing a system that responds to the real needs of our people, providing stability, reliability and efficiency to our Island’s energy system.” said Omar J. Marrero, Executive Director for Puerto Rico Public Private Partnerships (P3P3 Authority).

The four qualifying companies which will be considered are Duke Energy Corp., Exelon Corp., PSEG Services Corp.m and Quanta Consortium.

Prepa’s Executive Director José Ortiz Vázquez emphasised the importance of four “highly qualified companies competing for this P3 project”. This will ensure credibility for the process, he stated, and the competition will provide better costs and services for consumers.

The final selection of a company for the management of the project will take place in the third quarter of 2019.