Genera has also modified its existing 10-year operation and maintenance agreement with PREPA. #NewsismyBusiness
The agreement includes incentive payment modifications and aims to lower energy costs. #NewsismyBusiness
The Institute for Energy Economics and Financial Analysis (IEEFA) states this isn’t the first time that New Fortress has failed to keep its promises to investors and customers. #NewsismyBusiness
Earlier this year, IEEFA identified New Fortress as one of the greatest threats to the growth of renewable energy in Puerto Rico. #NewsismyBusiness
Post-election, Genera PR reaffirmed its commitment to guarantee the “swift, transparent, and effective use of federal funds.” #NewsismyBusiness
The company disclosed its plans to the Securities and Exchange Commission on Tuesday. #NewsismyBusiness
The loan supports New Fortress Energy’s grid stabilization project in Puerto Rico. #NewsismyBusiness
Each student will receive $5,000 to go toward their tuition and academic expenses.
New Fortress Energy recently awarded scholarships to 20 engineering students from the Polytechnic University of Puerto Rico to help them continue their educational journey, the company stated. The recipients of the 2021 NFE emPOWER Puerto Rico Scholarship are: Angel Guanill Medina, Anthony Encarnación Torres, Carlos Nieves Matos, Elisamuel Sosa Cintrón, Fabián García Romero, Fernando La […]
The Federal Energy Regulatory Commission (FERC) announced that New Fortress Energy’s Liquefied Natural Gas (LNG) Terminal in the Port of San Juan was built and is currently incompliant with the Federal Natural Gas Law. In a 27-page order on a case dating to June 2020, the regulator determined that it has jurisdiction over the LNG […]
Federal regulators have asked the operator of a scandal-plagued Puerto Rico energy project to explain why they didn’t seek permission to build and operate a liquid natural gas terminal (LNG) adjacent to the island’s first major power project since a 2017 hurricane devastated the island’s electrical grid. The Federal Energy Regulatory Commission (FERC) last week […]
A lucrative contract to deliver natural gas to a Puerto Rico power generation plant was awarded through a process plagued by irregularities that provided unfair advantages to a company with limited experience on the island, according to a report co‑authored by Tom Sanzillo of the Institute for Energy Economics and Financial Analysis (IEEFA) and Ingrid […]
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