Duke Energy Eyes Bid For Puerto Rico's Troubled Electric System
Duke Energy is among four finalists chosen to compete for the right to take over Puerto Rico's troubled electricity distribution system.
Puerto Rico Public-Private Partnerships Authority announced the picks Jan. 17. The authority hopes a partnership with a private company will help modernize Puerto Rico's electric grid, which was severely damaged during Hurricane Maria in 2017.
"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," the authority's executive director, Omar J. Marrero, said in a statement.
Other finalists are Exelon Corp., PSEG Services Corp. and a consortium of three other companies - ATCO Ltd., IEM and Quanta Services. The four finalists will now be asked to submit formal bids.
A spokeswoman said Duke is evaluating its next steps. She said the company is interested as part of its "commitment to make U.S. power infrastructure resilient to extreme weather."
A winner could be named later this year.
Duke Energy sent crews to the island to help repair damage after Hurricane Maria.
Jan. 17, 2019, Puerto Rico Public-Private Partnerships Authority announcement (PDF)
Dec. 27, 2017, Duke-Energy.com, "Duke Energy sending additional personnel, resources to accelerate power restoration in Puerto Rico"