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.
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).
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.
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.
Fluor Corporation confirmed Thursday that it has completed work on portions of three priority 38kv power lines in large urban areas near San Juan and a fourth priority 38kv line near Caguas.
Several investor-owned electric companies that are members of the Edison Electric Institute will deploy nearly 1,500 additional restoration workers and support personnel to Puerto Rico in early January to accelerate ongoing power restoration efforts across the island, the EEI said.
Sunnova Energy Corp., which provides distributed, residential solar power in Puerto Rico, delivered a letter to the Puerto Rico Electric Power Authority (PREPA) blasting it for its “continued inaction and reluctance to work cooperatively with Sunnova.”
Puerto Rico Electric Power Authority bondholders can expect to recover about 35 percent of their investments due to the business disruption and costs, as well as lost revenues related to damage caused by Hurricanes Irma and María, Moody’s Investors Service predicted in a report released Thursday.
The Puerto Rico Electric Power Authority (PREPA) announced Wednesday the names of 11 utility industry leaders who will serve as founding members of PREPA’s Transformation Advisory Council (TAC).
Florida Power & Light Company announced that a 10-person team of restoration experts traveled to Puerto Rico this past weekend to support ongoing restoration efforts across the Commonwealth.
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.
The U.S. Army Corps of Engineers (USACE), Engineering and Support Center in Huntsville, Alabama, awarded a $265 million modification to an existing contract with Fluor Corp. to repair the power grid in Puerto Rico.
Whitefish Energy crews have completed their repair work on the south-to-north 50900 transmission line.
Fluor Corporation confirmed that, working under its contract with the U.S. Army Corps of Engineers (USACE), it has completed a high priority 38kv power line near San Juan.
The Institute for Energy Economics and Financial Analysis and the Institute for Competitiveness and Sustainable Economics for Puerto Rico called for the Puerto Rico Energy Commission and the federal Fiscal Oversight and Management Board of Puerto Rico to take control of the Puerto Rico Electric Power Authority.
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