Congressional committee digs into corruption allegations against PREPA
March 13, 2018
The U.S. House of Representatives Committee on Natural Resources sent a letter to the interim executive director of the Puerto Rico Electric Power Authority (PREPA) asking for further information related to recent allegations of corruption and mismanagement of power restoration operations on the island.
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Rosselló announces tax cuts, salary increases in State of the Commonwealth address
March 6, 2018
During his second State of the Commonwealth address since taking office, Puerto Rico Gov. Ricardo announced a new tax model to phase out the Business to Business (B2B) and plans to cut the Sales and Use Tax on processed foods from 11.5 percent to 7 percent.
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PREPA to ‘ramp down’ generation units starting Sunday
February 16, 2018
Starting Feb. 18, PREPA will begin a ramp down of select generation units.
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Telecom Board says 94% of P.R.’s antennas have been restored
February 14, 2018
The president of the Puerto Rico Telecommunications Regulatory Board, Sandra Torres, said at a public hearing that currently 2,509 of the 2,659 antennas that provide telecommunications services in Puerto Rico are operational, representing 94 percent.
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OBoard rejects gov’t fiscal plan, requests changes by Feb. 12
February 6, 2018
The Financial Oversight and Management Board for Puerto has asked the Puerto Rico government to revise the proposed fiscal plans for the Commonwealth, the Puerto Rico Electric Power Authority and the Puerto Rico Aqueduct and Sewer Authority, as per letters sent Monday.
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P.R.’s energy sector ‘must be transformed’ after hurricanes
February 2, 2018
The Puerto Rico Electric Power Authority, and the island’s energy sector as a whole, must be overhauled following the destruction caused by Hurricanes Irma and María to be more resilient and responsive to emergencies.
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Exelon’s 6 Utility co.’s on their way to PR to work on energy restoration
January 30, 2018
Line mechanics, crew leaders, safety personnel — and bucket trucks — from Exelon’s six utilities are on their way to Puerto Rico to add even more resources to the electric industry effort to restore power to the island.
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Assured Guaranty: ‘Order, transparency, accountability at PREPA long overdue’
January 24, 2018
Assured Guaranty, a monoline insurer for Puerto Rico Electric Power Authority debt, reacted to the administration’s announced plans to privatize the utility by saying agreeing on an “on an experienced, highly qualified manager able to impose order, transparency and accountability” is long overdue.
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Rosselló administration to privatize Puerto Rico Electric Power Authority
January 23, 2018
Puerto Rico Gov. Ricardo Rosselló announced his administration will begin the privatization of the Puerto Rico Electric Power Authority (PREPA), which he described as “a deficient and obsolete system of generation and distribution of energy on the island that was evident to citizens during the aftermath of Hurricane María.”
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Southern Co. deploys additional personnel, equipment to restore PR power
January 22, 2018
Atlanta-based Southern Company announced that lineworkers and support staff from each of Southern Company's four electric operating companies — Alabama Power, Georgia Power, Gulf Power and Mississippi Power — were deployed to Puerto Rico over the weekend.
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Solar provider Sunnova rejects alleged interest in buying PREPA
January 18, 2018
Sunnova Energy Corp., the largest provider of distributed, residential solar power in Puerto Rico, shot down reports of an alleged interest in purchasing the Puerto Rico Electric Power Authority, as a whole or in part, as a high-ranking executive of the utility stated.
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CPI: 4 co.’s have separately proposed buying all of PREPA’s assets
January 17, 2018
The rush for the energy market after Hurricane María has been so high that three companies have separately made offers to buy all of the Puerto Rico Electric Power Authority’s assets.
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Rosselló presents measure to allow central gov’t to lend to PREPA, PRASA
January 11, 2018
Gov. Ricardo Rosselló introduced a measure to the Puerto Rico Legislative Assembly that would allow the central government to issue loans to the Puerto Rico Electric Power Authority (PREPA) and the Puerto Rico Aqueduct and Sewer Authority (PRASA).
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Florida Power & Light sends crews to P.R. to expedite restoration efforts
January 9, 2018
Florida Power & Light Company announced 140 additional company lineworkers and support staff deployed to Puerto Rico to help restore power to areas impacted by Hurricane María's landfall.
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50 APS line workers head to PR to help with power restoration
January 3, 2018
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.
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