Economic firm says ‘regional privatization’ could meet P.R.’s power needs
May 7, 2018
A privatization approach to Puerto Rico’s energy needs based on “controlled introduction of competition in regional markets” could achieve the goal of aligning electricity generation with the island’s changing socioeconomic landscape.
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González, Bishop meet with PREPA execs to talk power service restoration
May 7, 2018
Puerto Rico Resident Commissioner Jenniffer González grilled Puerto Rico Electric Power Authority Executive Director Walter Higgins and his staff on progress to restore 100 percent of the island’s electricity and on the system’s reliability.
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Rosselló calls for energy development proposals for Roosevelt Roads
May 7, 2018
The Roosevelt Roads Redevelopment Authority has opened a call for proposals to develop a renewable energy micro grid for power generation and distribution at the former Roosevelt Roads naval base in Ceiba.
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4 new co.’s sign decrees representing $9M in investments in Caguas
May 1, 2018
New businesses Primevet, Dismart, NTSPR and Puerto Rico ASC Holdings signed, along with Mayor William E. Miranda-Torres, Socio-Economic Incentives Code decrees representing a committed investment of $3.6 million in the traditional urban center and $5.4 million in other areas of the city.
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P3 Summit to focus on P.R.’s ‘recovery, reconstruction and resiliency’
April 27, 2018
The Puerto Rico Public Private Partnership Authority will host the second annual P3 Summit on June 18-19 under the theme of “P3: Cornerstone of Puerto Rico’s Recovery."
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New tax model for P.R. seeks to spur employment, economic development
April 16, 2018
Puerto Rico Gov. Ricardo Rosselló submitted his vision for a new tax model to the island’s Legislative Assembly aimed at encouraging work and create economic development through changes to the Internal Revenue Code.
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P.R., U.S. to pump $652M into island roads in next 3 years
April 10, 2018
The Puerto Rico and U.S. governments will invest $652 million into the island’s roads over the next three years, Gov. Ricardo Rosselló announced.
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Rosselló rips U.S. Congressman Bishop, urges him to adopt ‘balanced approach’ to P.R.
April 3, 2018
Gov. Ricardo Rosselló sent a letter Congressman Rob Bishop (R-Utah) in which he urged the lawmaker to “adopt a balanced approach” that considers all stakeholders in Puerto Rico and not just the concerns of the bondholders.
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Rosselló buckles down against gov’t austerity, will turn in revised Fiscal Plan
April 2, 2018
Puerto Rico Gov. Ricardo Rosselló confirmed he will hand over a new revised Fiscal Plan to the Financial Oversight and Management Board on Thursday that will exclude the layoffs of public employees, a labor reform and a reduction in pensions.
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PREPA’s Governing Board appoints new CEO
March 21, 2018
The Puerto Rico Electric Power Authority’s Board of Directors announced the appointment of Walter Higgins as the public corporation’s new CEO.
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Rosselló unveils ‘preventive preparation’ plans for next hurricane season
March 21, 2018
Puerto Rico Gov. Ricardo Rosselló, presented a plan to review protocols and develop initiatives for preventive preparation for the next hurricane season after experiencing Hurricane María on the island.
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Velázquez advances legislation to boost P.R.’s small businesses sector
March 15, 2018
A key Congressional panel took steps Wednesday to advance legislation aimed at helping small companies in Puerto Rico obtain a greater share of federal contracts.
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P.R. Institute of Statistics board meets to resume pending work
March 14, 2018
The board of directors of the Puerto Rico Institute of Statistics met for the first time in seven months on Tuesday, after the San Juan Superior Court issued a cease and desist order preventing Gov. Ricardo Rosselló from interfering with the agency.
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Congressional committee digs into corruption allegations against PREPA
March 13, 2018
The U.S. House of Representatives Committee on Natural Resources sent a letter to the interim executive director of the Puerto Rico Electric Power Authority (PREPA) asking for further information related to recent allegations of corruption and mismanagement of power restoration operations on the island.
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Rosselló announces tax cuts, salary increases in State of the Commonwealth address
March 6, 2018
During his second State of the Commonwealth address since taking office, Puerto Rico Gov. Ricardo announced a new tax model to phase out the Business to Business (B2B) and plans to cut the Sales and Use Tax on processed foods from 11.5 percent to 7 percent.
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