Moody’s: Recent changes at PREPA raise uncertainty
February 28, 2017
The expiration of the Puerto Rico Electric Power Authority's contract with the firm leading the utility's restructuring efforts has increased uncertainty for bondholders, Moody’s Investors Service said in an analysis released Monday.
chat_bubble0 Comment
visibility1877 Views
Moody’s: PREPA still open to consensual restructuring
February 3, 2017
Recent events related to the ongoing negotiation between the Puerto Rico Electric Power Authority and its creditors, including an extension through March 31 of the restructuring support agreement, suggests there’s still room for consensual accords, Moody’s Investors Service said in an analysis released Thursday.
chat_bubble0 Comment
visibility2494 Views
Energy Commission orders 21% drop in PREPA rate
January 11, 2017
The Puerto Rico Energy Commission on Tuesday issued an order establishing a reduction of 21 percent on the provisional rate that the Puerto Rico Electric Power Authority effected in August 2016.
chat_bubble0 Comment
visibility4397 Views
PREPA makes $192.5M January bond interest payment
December 28, 2016
The Puerto Rico Electric Power Authority announced Wednesday the payment of $192.5 million in interest on its power revenue bonds due on Jan. 1, 2017.
chat_bubble0 Comment
visibility2744 Views
PREPA extends RSA agreement with creditors
December 16, 2016
The Puerto Rico Electric Power Authority, Puerto Rico’s publicly owned electricity provider, announced Thursday an extension of the Restructuring Support Agreement to March 31, 2017.
chat_bubble0 Comment
visibility2183 Views
Studies: PREPA’s proposed rate hike is economy killer
December 6, 2016
The rate hike that the Puerto Rico Electric Power Authority and its bondholders are proposing would further erode the island’s economy and set back its recovery, members of the island’s private sector claimed Monday.
chat_bubble0 Comment
visibility1903 Views
Oriental CEO ‘pleased’ PROMESA Board is active
October 24, 2016
Oriental Bancorp reported $11.7 million in net income for the third quarter of 2016 ended Sept. 30.
chat_bubble0 Comment
visibility2210 Views
Op-Ed: Sunnova is committed to Puerto Rico
October 17, 2016
Over the past three years, Sunnova has worked diligently to provide clean, affordable energy to its customers in Puerto Rico.
chat_bubble3 Comments
visibility4418 Views
Probe reveals questionable aspects of PREPA bond issue
October 4, 2016
A pre-audit survey report released Monday by the Commission for the Comprehensive Audit of the Public Credit of Puerto Rico analyzing a $673 million bond issue by the Puerto Rico Electric Power Authority has raised a number of questionable aspects of the transaction completed in 2013.
chat_bubble0 Comment
visibility3063 Views
PREPA to begin implementing $2.4B capital plan
September 28, 2016
The Puerto Rico Electric Power Authority (PREPA) announced Tuesday it will immediately proceed with the implementation of the Integrated Resource Plan, as modified by the Puerto Rico Energy Commission (PREC), which adopted key elements of its $2.4 billion capital investment plan.
chat_bubble0 Comment
visibility2592 Views
Private sector: P.R. power grid needs ‘full overhaul’
September 23, 2016
In the wake of the biggest blackout Puerto Rico has experienced in more than three decades, which has affected more than 1.5 million customers, members of the island’s private sector urged the powers-that-be to push forward with a complete overhaul of the electrical system.
chat_bubble0 Comment
visibility3023 Views
OFG Bancorp sells PREPA credit line for $124M
September 21, 2016
OFG Bancorp announced Tuesday that its subsidiary Oriental Bank’s outstanding participation in a line of credit to the Puerto Rico Electric Power Authority (PREPA) has been sold, thereby significantly reducing its direct exposure to Puerto Rico government related credits.
chat_bubble0 Comment
visibility2662 Views
Oriana Solar Farm begins producing energy in Isabela
September 14, 2016
Oriana Energy LLC, a subsidiary of Sonnedix Group, in partnership with Yarotek, announced Tuesday it has commenced energization of the $160 million Oriana Solar Farm, a 45MW AC (58 MW) solar power plant in Isabela.
chat_bubble0 Comment
visibility4951 Views
P.R. business groups challenge power rate hike
August 19, 2016
A group of nine leading Puerto Rico industry and business associations on Tuesday filed a legal challenge against a Puerto Rico Energy Commission move to impose the first in a series of what they called “unlimited, blank check" rate increases under the Puerto Rico Electric Power Authority debt-restructuring agreement.
chat_bubble0 Comment
visibility3180 Views
7 PR trade groups to file case to block energy rate hike
August 17, 2016
Seven Puerto Rico trade groups will announce today the filing of a lawsuit to block what they call the “disastrous” rate hike proposed under the Puerto Rico Electric Power Authority restructuring deal.
chat_bubble0 Comment
visibility2422 Views
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA