Bad things happen in the dark [See Editor’s Note –this story mirrors Cayman Islands]
- Wean electric utilities off of costly foreign oil and diesel and look to viable alternatives such as propane as a bridge to natural gas. This bridge is in part driven by the U.S. shale gas bonanza that is slated to make America a net exporter of energy by 2020.
- De-risk contracts with heavily indebted public utilities like PREPA through global capital markets and insurance solutions that can attract viable commercial partners giving them comfort in light of enfeebled state-owned counterparties.
- Repeal crippling facets of the Merchant Marine or, as it is more commonly known Jones Act that nearly doubles the cost of ship-borne trade in U.S. islands, such as Hawaii and Puerto Rico, where it is more cost-effective to receive shipments from China, than it is from the U.S. mainland.
Published December 14, 2014
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