The Institute for Energy Economics and Financial Analysis is urging the Financial Oversight and Management Board for Puerto Rico to halt the rush to natural gas infrastructure development in Puerto Rico.
The Kobre & Kim report on Puerto Rico’s debt crisis shines a light on the corrosive impact of political hiring at various governmental agencies on the island, including at its public electric utility.
The report leaves out any mention of how the underwriters, bond trustees, law and accounting firms, credit agencies and other financial advisers were selected and compensated by the Puerto Rico government.
Many of these same lawyers, accountants, bankers and credit-rating experts continue to have the ear of the Puerto Rican government.
Puerto Rico has a historic opportunity to rebuild its electrical system and phase out its obsolete oil-fired generation in favor of a much more decentralized and reliable system based on renewable energy.
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.
A series of announcements over the past couple of weeks by Puerto Rican officials signals a new — and misguided — push for greater reliance on imported natural gas for electricity production.
A long-running practice in which Puerto Rico’s public utility bought low-quality oil at high-quality prices has been mostly ignored in Gov. Ricardo Rosselló’s privatization of the Puerto Rico Electric Power Authority (PREPA), the Institute for Energy Economics and Financial Analysis claimed.
The law that Puerto Rico enacted last month to privatize the Puerto Rico Electric Power Authority has many flaws, including labor protections that are too weak, an unnecessary restructuring of the Puerto Rico Energy Commission and a lack of commitment to strong energy planning, the Institute for Energy Economics and Financial Analysis affirmed.
A budget review published by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid.
In shelving its review of the economic viability of a proposed natural gas import complex off the south coast of the island, the Puerto Rico Energy Commission last week took a policy step in the right direction.
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