The rush for the energy market after Hurricane María has been so high that three companies have separately made offers to buy all of the Puerto Rico Electric Power Authority’s assets.
The Puerto Rico governor's office has officially begun to accept candidates for the post of the Inspector General, and is looking for an experienced candidate to fill the job, with the purpose of ensuring that governmental institutions provide quality services to the general public.
Gov. Ricardo Rosselló introduced a measure to the Puerto Rico Legislative Assembly that would allow the central government to issue loans to the Puerto Rico Electric Power Authority (PREPA) and the Puerto Rico Aqueduct and Sewer Authority (PRASA).
Aware of the need to quickly and effectively restore Puerto Rico’s electrical service and simultaneously ensure its sustainable long-term development, the Puerto Rico Energy Commission has drafted the first regulation on the development of microgrids on the island.
The Puerto Rico Economic Development Bank has signed an agreement with the College of Physicians and Surgeons to offer emergency loans of up to $50,000 to physicians whose practices were affected by Hurricane María.
Gov. Ricardo Rosselló’s administration officials unveiled Monday five reorganization plans under the New Government Act approved late last year, to streamline government processes.
The Financial Oversight and Management Board for Puerto Rico announced the start of the 30-day public comment period for four of the critical projects submitted through the Critical Projects Process (CPP) and under the consideration of the federally appointed entity’s Revitalization Coordinator.
The Puerto Rico government's main economic development agency unveiled Thursday the first phase of the Asset Map, created to attract new investment, create jobs and promote economic development in different regions of the island.
Gov. Ricardo Rosselló met with the Democratic Hispanic Caucus in Congress to discuss the effects that the federal tax reform will have on the island and the need for Puerto Rico to receive equal treatment in the supplementary relief bill, after the disaster caused by Hurricane María.
The Puerto Rico Electric Power Authority (PREPA) announced Wednesday the names of 11 utility industry leaders who will serve as founding members of PREPA’s Transformation Advisory Council (TAC).
Gov. Andrew M. Cuomo, Gov. Ricardo Rosselló and members of the New York Congressional delegation called on the federal government to immediately approve a $94.4 billion federal aid package to “rebuild a stronger, more resilient Puerto Rico.”
The Central Recovery and Reconstruction Office (CRRO) has been formally established under the umbrella of the Puerto Rico Public-Private Partnerships Authority, and over the weekend announced a series of requests for proposals to establish policies and procedures of the new office.
Following the back-to-back strikes by Hurricanes Irma and María, Puerto Rico’s municipal governments, for the most part, represented the first line of response to the emergency, prompting the central government to unveil a $100 million fund to support their work.
Gov. Ricardo Rosselló announced Wednesday the creation of the Puerto Rico “Emprende” Academy, an initiative aimed at developing a “strengthened, streamlined and innovation-oriented Puerto Rican entrepreneurial class.
Representatives from Puerto Rico’s private sector agreed Monday to back Gov. Ricardo Rosselló’s urgent call to Congress to treat the island as a U.S. — not foreign — jurisdiction in the federal tax reform currently being discussed.
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