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Puerto Rico House approves bill raising penalties for electric companies, prohibits passing fines to consumers
Summary
The House passed Project 268 to expand the Energy Bureau's fine authority—raising penalties to between $10,000 and $250,000—and bars companies from charging those fines to ratepayers. Lawmakers debated whether fines alone are sufficient to address long-standing problems with the island's power system.
The Puerto Rico House of Representatives on Feb. 25 approved Project of the House 268, an amendment to Law 57-2014 (the Energy Transformation and Relief Law) that increases the monetary penalties the Energy Bureau may impose on companies operating the island's electric system and explicitly prohibits companies from passing the cost of any fine on to customers.
The measure, reported by the Government Commission and presented on the floor by Representative Parejo Otero, gives the regulator authority to impose fines “desde un mínimo de diez mil dólares hasta un máximo de doscientos cincuenta mil dólares,” and specifies that any fine must be paid from the company’s own…
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