Proposal to repay nearly $5.7 billion risks further destabilizing the electrical system, IEFFA director testifies in federal court. #NewsismyBusiness
The increase in the cost per kWh will be of 4.5 cents for the quarter.
The P3 Authority and PREPA wish to enter into a public-private partnership with a private sector partner to deliver low-cost electricity to island customers.
In the original lawsuit filed Feb. 24, 2015, the plaintiffs sought compensation for their estimated $1 billion losses in electricity overcharges.
A research brief released by the Institute for Energy Economics and Financial Analysis (IEEFA) lays out a cautionary tale to policy-makers in Puerto Rico, as they consider adopting a program known as retail choice in the island’s electricity market.
Puerto Rico’s Economic Activity Index showed a decrease of 0.8 percent year-over-year in June, but a 1 percent increase when compared to May 2018, Economic Development Bank for Puerto Rico confirmed.
Florida-based MasTec Inc. has signed a $500 million master services agreement with the Puerto Rico Electric Power Authority to complete the restoration of the critical electrical transmission and distribution system components damaged as a result of Hurricane María.
Puerto Rico’s Economic Activity Index, released by the Economic Development Bank, reached a level of 119.3 in March.
The Puerto Rico Electric Power Authority announced that effective immediately, the public corporation will adopt a U.S. national standard for the design and reconstruction of the future electric grid in Puerto Rico.
In an abandoned structure within walking distance of the City Hall of Culebra the fate of a project that would ensure the provision of electricity during emergencies remains in suspense.
The Puerto Rico Manufacturers Association sent a letter to the new executive director of the Puerto Rico Electric Power Authority, Walter Higgins, stressing the need for “environmentally friendly and cost effective electric service.”
Fluor Corporation confirmed Thursday its crews supporting the mission in Puerto Rico of the U.S. Army Corps of Engineers (USACE) have helped to restore power to more than 232,000 customers throughout the island since arriving in October.
Arizona-based APS is sending 50 line workers and support staff to Puerto Rico early this month to assist with ongoing power restoration efforts on the island, the company announced.
The electric power industry deployed a contingent of seven incident management teams (IMTs) to Puerto Rico this weekend to support ongoing power restoration efforts across the island.
Fluor Corp. will host an open house Nov. 30 from 11 a.m. to 3 p.m. at its Guaynabo headquarters, for which it is inviting the community to learn more about efforts to help restore power to Puerto Rico.
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