Contractors rally in favor of PRASA revitalization bill
March 1, 2016
A cross section of local contractors lobbied Monday at the Capitol for the approval of the bill that would give the Puerto Rico Aqueduct and Sewer Authority access to the bond market saying, “a vote against the bill is a vote in favor of a water rate hike.”
chat_bubble0 Comment
visibility2756 Views
PRASA board approves fiscal strategy for next 4 months
February 17, 2016
The Puerto Rico Aqueduct and Sewer Authority’s board of directors approved Tuesday a plan mapping out its finances through the end of the fiscal year that is anchored on the approval of the bill establishing a new credit-issuing entity that is already facing opposition.
chat_bubble0 Comment
visibility2864 Views
PRASA to drain rate stabilization fund to pay $90M debt
February 2, 2016
The Puerto Rico Aqueduct and Sewer Authority is considering dipping into its rate stabilization fund to pay off $90 million due to creditors by month’s end, which would drain the reserve entirely, utility officials said Monday.
chat_bubble0 Comment
visibility2626 Views
Popular, Oriental reduce exposure to government risk
October 26, 2015
Puerto Rico’s two largest banks — Banco Popular and Oriental — confirmed separately on Friday that they’re working to reduce their exposure to risk associated with the island’s government, which they have financed in different capacities over the years.
chat_bubble0 Comment
visibility3961 Views
Op-Ed: Pour some sense into your water usage
June 1, 2015
Did you know that if you turn off the tap while brushing your teeth you could save up to three gallons of water? Did you know that leaks can waste the average household 10,000 gallons of water per year?
chat_bubble1 Comment
visibility3963 Views
Drinking water to be focus of AIDIS-Puerto Rico congress
February 26, 2015
Issues and challenges related to drinking water, climate change and its impact on water bodies, new water purification technologies will be some of the main discussions of the XII Puerto Rican Congress of Sanitary Engineering and Environmental Sciences that will be held March 4-6 at the Metropolitan Campus of the Inter American University.
chat_bubble0 Comment
visibility2761 Views
Public, private sectors back energy subsidy reform
January 28, 2015
About 32 percent of Puerto Rico Electric Power Authority customers receive some sort of a subsidy on their monthly bills, which is floated by those who pay the full rate.
chat_bubble0 Comment
visibility2636 Views
Fitch keeps ‘watch negative’ over PRASA liquidity issues
January 8, 2015
In accordance with its practice of regularly reviewing ratings on Rating Watch, credit ratings agency Fitch Ratings announced Wednesday it will maintain its “Rating Watch Negative” status on $3.4 billion of outstanding Puerto Rico Aqueduct and Sewer Authority senior lien revenue bonds.
chat_bubble0 Comment
visibility2648 Views
S&P lowers ratings for PRASA, GDB bonds
July 15, 2014
Standard & Poor's Ratings Services continued the downgrading streak by credit ratings agencies in recent weeks, by slashing the standing of the Puerto Rico Aqueduct & Sewer Authority and the Government Development Bank on Monday.
chat_bubble0 Comment
visibility3687 Views
Puerto Rico agencies showered with credit downgrades
June 30, 2014
The U.S. mainland’s three credit ratings agencies showered Puerto Rico with downgrades and warnings of further revisions Friday, upholding a trend that began a day earlier in response to the filing of a bill paving the way for the restructuring of fiscally troubled public agencies.
chat_bubble0 Comment
visibility4165 Views
PRASA to deploy fiber-optic network through its pipes
June 4, 2014
Puerto Rico Aqueduct and Sewer Authority Executive Director Alberto Lázaro announced today the start of “Zum,” a project through which the agency will use its infrastructure to deploy fiber-optic technology to make interconnecting the island to high-speed broadband a reality.
chat_bubble0 Comment
visibility3556 Views
USDA assigns $6.6M to fix Puerto Rico sewage systems
April 23, 2014
The Puerto Rico Aqueduct and Sewer Authority and the Municipality of Hatillo are getting a combined $6.6 million from the U.S. Department of Agriculture to improve sanitary sewer system projects in rural areas, the agency announced Tuesday.
chat_bubble0 Comment
visibility2865 Views
Private sector groups ask PRASA to delay new water fee
October 30, 2013
Sixteen organizations representing a cross-section of the island’s private sector warned the Puerto Rico Aqueduct and Sewer Authority that a new environmental fee currently under review will represent a blow to economic development, cause business closures, bankruptcies and the loss of thousands of jobs.
chat_bubble0 Comment
visibility3009 Views
PRASA picks Honeywell for $16M energy-savings program
March 25, 2013
The Puerto Rico Aqueduct and Sewer Authority recently announced it has entered into an agreement with Minneapolis-based Honeywell to upgrade wastewater treatment plants for the agency that entails modernizing infrastructure, improving efficiency and creating jobs.
chat_bubble0 Comment
visibility2972 Views
Loading stock data...
Brought to you by
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA