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FOMB - Final Investigative Report - Kobre & Kim - 20180820.pdf branches in Puerto Rico desire to keep the Public
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(rather than privatizing them), then we propose the following recommendations for
consideration:
• Recomposing the boards of directors for the Public Utilities to include a mix of
Governor-appointed and independent members, with longer and staggered terms
across administrations;
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• Adopting speci c requirements for the Public Utilities to disclose their actual use of
bond proceeds;
• Establishing independent rate boards for both of the Public Utilities, which will be
tasked with setting and adhering to rate changes on a predictable, market-responsive
schedule;