Exploring Energy Challenges and Opportunities Facing Puerto Rico, Oversight Hearing Before the Subcommittee on Energy and Mineral Resources of the Committee on Natural Resources, U.S. House of Representatives, One Hundred Fourteenth Congress, Second Session, January 12, 2016 [open pdf - 366KB]
This is the January 12, 2016 hearing "Exploring Energy Challenges and Opportunities Facing Puerto Rico" held before the House Committee on Natural Resources. From the opening statement of Doug Lamborn: "Today we are here to discuss the very challenging energy situation in Puerto Rico. At the forefront is the Puerto Rico Electric Power Authority, or PREPA, which is a fiscal and managerial disaster. With over $9 billion in debt and an increasingly uncertain future, PREPA represents one of the greatest challenges facing Puerto Rico. This crisis did not arise overnight. Rather, it has developed because of major issues within PREPA that were allowed to stagnate into the situation that we face today. One cannot begin to address the issues surrounding PREPA without first discussing the aged infrastructure that is overwhelmingly reliant on oil. Because of this, Puerto Ricans have historically paid one of the highest electrical rates within the United States. And, despite oil prices being the lowest they have been in decades, Puerto Rico residents are still paying on average 50 percent more for electricity than the United States' national average. However, what this statistic fails to capture is the impact the price of energy has on the average resident. When median income is accounted for, keeping an air conditioner on for 24 hours has five times the economic impact on the average Puerto Rican than it does for the average citizen on the mainland. Thus, keeping the lights on for an extra hour or two is a serious decision that average residents on the island may face daily." Statements, Letters, and materials submitted for the record include those of the following: Lisa J. Donahue, Carlos Rivera-Vélez, Josen Rossi, Jorge L. San Miguel, and Jaime Sanabria-Hernández.
Serial No. 114-27
U.S. Government Printing Office: https://www.gpo.gov/