Puerto Rico Aqueducts and Sewers Authority Article

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Puerto Rico Aqueducts and Sewers Authority
Puerto-rico-aqueducts-and-sewers-authority-emblem.jpg
Agency overview
FormedMay 1, 1945; 73 years ago (1945-05-01)
Jurisdiction Puerto Rico
Headquarters San Juan, Puerto Rico
Agency executive
Key document
Website www.acueductospr.com

The Puerto Rico Aqueducts and Sewers Authority (PRASA)—Spanish: Autoridad de Acueductos y Alcantarillados (AAA)—is a water company and the government-owned corporation of Puerto Rico responsible for water quality, water management, and water supply in Puerto Rico. [1] PRASA is the only entity authorized to conduct such business in Puerto Rico, effectively making it a government monopoly.

Criticism

60% of utility water in Puerto Rico is lost through theft or leaks, in comparison to 12% when compared to the industry average in the United States. [a] Bills have tripled from $50 a month to $150 since 2007 with a growing 25% delinquency rate. [b]

See also

Notes

  1. ^ McDonald (2014) "It's hard to believe, over 60% of the Commonwealth's water is lost through theft or leaks, staring down at the US's 12% industry average among water utilities." [2]
  2. ^ McDonald (2014) "Bills have tripled from $50 a month to $150 over the last 6 years, there's a growing 25% delinquency rate." [2]

References

  1. ^ Act 40 of 1945
  2. ^ a b McDonald, Larry (January 3, 2014). "Could a Puerto Rico Default Hammer the $3.7 Trillion US Muni-Bond Market in 2014?". Forbes. Retrieved January 4, 2014.

External links