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Puerto Rico Electric Must Cut Power Costs, Governor Says

Puerto Rico Governor Alejandro Garcia Padilla pledged to decrease the island’s energy costs, which are double those on the U.S. mainland.

While Puerto Rico Electric Power Authority has been able to cut its expense since he took office in January 2013, “we need to reduce even more,” Garcia Padilla said in a Bloomberg Television interview in San Juan that was broadcast today. The push on power costs is one step the governor is proposing to turn around the U.S. territory’s economy, which has struggled to grow since 2006.