BlueMountain Capital Management sues gov’t, PREPA
julio 22, 2014
BlueMountain Capital Management, LLC filed a lawsuit on Tuesday against the government of Puerto Rico, challenging the legality of a new law that allows certain public corporations to avoid their debts.
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S&P, Fitch re-aim at PREPA, Puerto Rico’s GO bonds
julio 10, 2014
Standard & Poor's Ratings Services on Wednesday announced it has lowered its rating on Puerto Rico Electric Power Authority's power revenue bonds four notches to “B-“ from “BB,” further deepening the agency’s credit woes.
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PREPA reaches an arrangement with banking lenders
julio 8, 2014
The cash-strapped Puerto Rico Electric Power Authority announced Monday it had reached an agreement with lenders who provide revolving lines of credit used to pay for purchased power, fuel and other expenses.
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PREPA double-whammied by credit agency downgrades
junio 27, 2014
The Puerto Rico Electric Power Authority got a double-whammy from stateside credit ratings agencies, which separately downgraded the agency’s credit a day after Gov. García-Padilla announced a bill paving the way for the restructuring of fiscally troubled public corporations.
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Gov. submits bill allowing public corps to restructure
junio 25, 2014
Gov. Alejandro García-Padilla announced Wednesday the filing of a bill to establish the framework to allow Puerto Rico corporations in fiscal troubles to conduct an organized restructuring of their debt.
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PREPA’s resistance to green energy delays USDA funding
junio 17, 2014
The Puerto Rico Electric Power Authority’s chronic foot-dragging on allowing individuals and businesses to connect their renewable energy systems to the grid is causing the island to lose out on federal funding opportunities available from the U.S. Department of Agriculture’s Rural Development agency, this media outlet confirmed.
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Fitch cuts Puerto Rico Electric Power Auth’s credit to junk
junio 12, 2014
Fitch Ratings downgraded Wednesday the rating on $8.7 billion of the Puerto Rico Electric Power Authority’s power revenue bonds to “BB” from “BB+,” putting them at junk level. In addition, Fitch also placed the “BB” classification on rating watch negative.
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Op-Ed: The irony of the obvious
junio 5, 2014
The mess that the Puerto Rico Electric Power Authority is submerged has gotten out of control, and so has the and public discourse that tends to further confuse people complicating an issue that has some clear immediate remedies.
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PREPA y Nissan allanan el camino para la llegada de los autos eléctricos
22 de mayo de 2014
Un obstáculo importante para la comercialización de vehículos eléctricos en Puerto Rico ha sido la ausencia de una red de estaciones de carga, pero un acuerdo de cooperación entre la Autoridad de Energía Eléctrica de Puerto Rico y Nissan Motor Co., firmado el miércoles, allana ahora el camino para la introducción a finales de este año del primer automóvil eléctrico: el Nissan Leaf.
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Leasing options open doors to buying solar technology
abril 22, 2014
Puerto Rico consumers unable to invest in costly solar energy technology for the home have a new option: leasing.
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Solar homes: A hot market that’s slowly rising
abril 21, 2014
Solar power is red-hot these days. Yet this clean, dependable and economical energy source still has plenty of room to grow in Puerto Rico where solar homes are few.
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PREPA overhauls website, adds new sections
abril 15, 2014
The Puerto Rico Electric Power Authority unveiled Monday its revamped website, as part of its strategy to improve customer service and increase its transparency before the public, agency Executive Director Juan Alicea said.
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PREPA proposes dropping electricity rate to 16¢ by ’19
3 de abril de 2014
Puerto Rico Electric Power Authority Executive Director Juan Alicea outlined Wednesday a strategy the agency has set off to reduce the cost of electricity on the island to 16 cents per kilowatt-hour in five years by diversifying fuel sources for power generation.
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Telecom execs: PUC is ‘not viable option’ for island
marzo 26, 2014
Last Thursday, the Puerto Rico senate approved a substitute bill that consolidated several of the measures that had made the leaders of the telecommunications industry unanimously oppose any possible changes to Law 213, known as the Telecommunications Law.
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PREPA signs off on 6 renewable energy contracts
enero 22, 2014
The Puerto Rico Electric Power Authority has reached agreements with six renewable energy companies who will now produce power that is expected to generate $63 million in savings for the agency in 20 years, Executive Director Juan Alicea said Tuesday.
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