House Natural Resources Committee Issues Testimony From Sierra Club
"I am
"In my oral statement to you, I want to focus on three main issues: the disingenuous and misguided restructuring and privatization efforts of the electric utility in
"First, I called it disingenuous and misguided the restructuring efforts because the government and PREPA's management are not putting the best interest of
"My main point here is that regardless of whether there is a Private PREPA or Public PREPA, the most important part is to put sound rules and regulations in place and establish a strong independent regulatory commission that would make processes more transparent than what we see now, with private deals being done in secret and laws being expedited that favor one technology over others.
"Furthermore, privatization is not a panacea to solve decades of mismanagement and the lack of investment in infrastructure in the electricity sector. There are well-run public utility companies throughout
"
"The second point I want to make is that the current dynamic of expedited privatization efforts, interference by PREPA management in the ongoing long term planning process, the so-called "Integrated Resource Plan" or IRP, and the openly declared effort by PREPA and others in the state government to focus on "fracked gas" in
"For the last part of my statement I want to focus on the deployment of renewable energy and, in particular, the solarization of the island. There is no doubt that our best efforts should be directed towards maximizing the development of solar energy in
"For me, it is clear that the focus of the solarization strategy for
"Currently, in order to receive funds to solarize, one must have property titles and those who do are the ones that become energy independent, passing the responsibility of maintaining a centralized grid to the "have-nots" and regular consumers. Therefore, our efforts should aim to provide the infrastructure to generate power from the sun all over the island on people's roofs to benefit the system as a whole. Of course, there must be an incentive to participate in such programs, but that cannot only benefit those who own the roof. This must be accompanied by an outreach campaign for people to participate in the leasing program and for the utility to provide that service.
"This rooftop solar plan, while possible through privatization, is much easier to implement from a transparent public entity regulated by a strong, independent referee. This together with issues of governance and finance raised by some of my colleagues should help the federal government ensure that the much needed financial help coming to the island guarantees a strong and resilient electric system in
[TheHill]


Hunt Real Estate Capital Finances the Acquisition and Rehabilitation of an Affordable Senior Housing Property Located in Pinellas Park, Florida
House Natural Resources Committee Issues Testimony From Institute for Energy Economics & Financial Analysis
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