Gov. submits bill allowing public corps to restructure
June 25, 2014
Gov. Alejandro García-Padilla announced Wednesday the filing of a bill to establish the framework to allow Puerto Rico corporations in fiscal troubles to conduct an organized restructuring of their debt.
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PREPA’s resistance to green energy delays USDA funding
June 17, 2014
The Puerto Rico Electric Power Authority’s chronic foot-dragging on allowing individuals and businesses to connect their renewable energy systems to the grid is causing the island to lose out on federal funding opportunities available from the U.S. Department of Agriculture’s Rural Development agency, this media outlet confirmed.
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Fitch cuts Puerto Rico Electric Power Auth’s credit to junk
June 12, 2014
Fitch Ratings downgraded Wednesday the rating on $8.7 billion of the Puerto Rico Electric Power Authority’s power revenue bonds to “BB” from “BB+,” putting them at junk level. In addition, Fitch also placed the “BB” classification on rating watch negative.
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Op-Ed: The irony of the obvious
June 5, 2014
The mess that the Puerto Rico Electric Power Authority is submerged has gotten out of control, and so has the and public discourse that tends to further confuse people complicating an issue that has some clear immediate remedies.
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PREPA, Nissan pave way for arrival of electric cars
May 22, 2014
A major hurdle to marketing electric vehicles in Puerto Rico has been the absence of a network of charging stations, but a cooperative agreement between the Puerto Rico Electric Power Authority and Nissan Motor Co. signed Wednesday now paves the way for the introduction later this year of the first electric car: the Nissan Leaf.
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Leasing options open doors to buying solar technology
April 22, 2014
Puerto Rico consumers unable to invest in costly solar energy technology for the home have a new option: leasing.
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Solar homes: A hot market that’s slowly rising
April 21, 2014
Solar power is red-hot these days. Yet this clean, dependable and economical energy source still has plenty of room to grow in Puerto Rico where solar homes are few.
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PREPA overhauls website, adds new sections
April 15, 2014
The Puerto Rico Electric Power Authority unveiled Monday its revamped website, as part of its strategy to improve customer service and increase its transparency before the public, agency Executive Director Juan Alicea said.
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PREPA proposes dropping electricity rate to 16¢ by ’19
April 3, 2014
Puerto Rico Electric Power Authority Executive Director Juan Alicea outlined Wednesday a strategy the agency has set off to reduce the cost of electricity on the island to 16 cents per kilowatt-hour in five years by diversifying fuel sources for power generation.
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Telecom execs: PUC is ‘not viable option’ for island
March 26, 2014
Last Thursday, the Puerto Rico senate approved a substitute bill that consolidated several of the measures that had made the leaders of the telecommunications industry unanimously oppose any possible changes to Law 213, known as the Telecommunications Law.
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PREPA signs off on 6 renewable energy contracts
January 22, 2014
The Puerto Rico Electric Power Authority has reached agreements with six renewable energy companies who will now produce power that is expected to generate $63 million in savings for the agency in 20 years, Executive Director Juan Alicea said Tuesday.
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Bhatia’s energy bill gains private-sector support
January 15, 2014
A number of prominent private-sector leaders expressed their support Tuesday of Senate Bill 837, which proposes to create the Puerto Rico Energy Regulatory and Oversight Commission to, among other things, begin reeling in local electricity costs.
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Puerto Rico P3 Authority appoints project advisors
December 30, 2013
The Puerto Rico Public Private Partnership Authority recently announced the appointment of several advisory firms for key projects in the pipeline, namely, the commuter train from Caguas to San Juan, a new women’s correctional facility, a new men’s correctional facility, and the conversion to natural gas of the Puerto Rico Electric Power Authority plants.
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CNE supports independent energy regulatory board
November 7, 2013
The Center for a New Economy expressed its support Wednesday of the creation of an independent energy regulatory board to “rigorously oversee” the Puerto Rico Electric Power Authority’s operations, to spur an improvement in the grid and a reduction in electricity costs passed on to consumers.
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Colombian power co.’s look to Puerto Rico for growth
October 22, 2013
A delegation of Colombian electrical industry executives traveled to Puerto Rico last week looking to establish business relationships with local companies and set the foundation for a possible expansion into the United States via this territory.
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