Puerto Rico took an important step toward privatizing its bankrupt public power monopoly and bringing in new investment to help modernize the utility and reverse the island’s economic decline. The government announced Thursday the selection of four bidders seeking to take over Puerto Rico Electric Power Authority’s transmission and distribution system: Duke Energy Corp., Exelon Corp., PSEG Services Corp. and a consortium of ATCO Ltd., IEM Inc. and Quanta Services Inc....

Source: Wall Street Journal January 20, 2019 16:02 UTC