Puerto Rico Power Authority closes $673.1M bond issue
August 8, 2013
On its first trip to the market in over a year, the Puerto Rico Electric Power Authority completed a $673.1 million municipal bond deal.
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Statistics Institute promotes greater electricity transparency
July 23, 2013
The Puerto Rico Statistics Institute has requested the island’s inclusion in a monthly survey published by the U.S. Energy Information Administration that will allow more timely access to the evolution of Puerto Rico’s energy system, agency Executive Director Mario Marazzi said.
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Puerto Rico gov’t plans 3 trips to bond market before year’s end
July 19, 2013
The Puerto Puerto government is planning at least three trips to the market before year’s end, looking to complete a number of bond issues to pay off debt and other public projects, members of Gov. Alejandro García-Padilla’s economic team confirmed Thursday.
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Clinton: ‘Puerto Rico could lead Caribbean in move toward energy independence’
July 17, 2013
Former U.S. President Bill Clinton, who visited Puerto Rico this week to discuss his views on furthering renewable energy use, told a roomful of government officials, academics, lawmakers and business leaders Tuesday that the U.S. territory has the tools to “lead the entire Caribbean in a move toward being energy-independent.”
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Study: Energy from renewable sources would save Puerto Ricans $240M
July 12, 2013
The energy drawn from renewable sources could represent savings of up to $240 million in energy production by 2020, resulting in significant relief to thousands of island residents who are served by the Puerto Rico Electric Power Authority, according to the findings of a study unveiled Thursday by the Renewable Energy Producers Association.
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Puerto Rico P3 Authority moves on 4 key construction projects
June 27, 2013
The Puerto Rico Public-Private Partnerships Authority board recently decided to move forward with the evaluation of four new construction priority projects, 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 power plants in San Juan and Palo Seco, government officials said Wednesday.
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Puerto Rico gov’t unveils fixes for Highway Authority finances
June 21, 2013
The Puerto Rico government’s economic team presented four measures to shore up $280 million for the Highway Authority, which is deep in the hole with the Government Development Bank, to which it owes $2.1 billion.
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Experts: Increased renewable energy use could shave $200M off electricity bills
May 30, 2013
Despite the existence of several adverse factors that affect the price of renewable energy production in Puerto Rico, the amount per kilowatt-hour is considerably lower today than what it costs the Puerto Rico Electric Power Authority to produce energy from fossil sources, the head of the Association of Renewable Energy Producers said Wednesday.
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Gov. signs 3 orders promoting renewable energy
May 15, 2013
With the intention of promoting the development of alternative renewable energy sources, Gov. Alejandro García-Padilla signed three executive orders Tuesday that establish an orderly plan that will gradually replace Puerto Rico’s high dependence on fossil fuel energy sources and set the rules for the use of new energy alternatives for the island.
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APER seeks to help ‘stabilize, reduce’ Puerto Rico energy costs
May 7, 2013
Faced with the constant demand by consumers wanting relief in soaring energy costs and the government's efforts to try to meet those expectations, the Association of Renewable Energy Producers went public Monday with a mission to help stabilize and reduce the price of energy in Puerto Rico.
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Excelerate Energy files federal application for Aguirre natural gas project
April 19, 2013
Excelerate Energy and the Puerto Rico Electric Power Authority have filed their formal application with the Federal Energy Regulatory Commission, representing the latest step closer in the process of receiving approval to build and operate a floating offshore liquefied natural gas re-gasification facility off the southern coast of Puerto Rico.
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Punta Lima wind farm sold to Sovereign Bank for $88M
March 12, 2013
Gestamp Wind Energy North America announced Monday the sale of the 23-megawatt Punta Lima wind farm outside Naguabo to Sovereign Bank, N.A., a subsidiary of Banco Santander.
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Op-Ed: The new normal
March 11, 2013
Newspaper headlines and radio and TV news reports have become a definitive recipe for depression. As a matter of fact, I can’t watch the evening news unless I want to guarantee my usual insomnia. Furthermore, these articles and stories have made me realize that Puerto Rico has become “bizarre” country, an unforgiving “La-la land.”
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CNE: External regulatory board needed to run PREPA
February 13, 2013
The Puerto Rico Electric Power Authority needs to undergo profound changes to improve its fiscal situation and consumer services, something that could happen under the supervision of an external, independent regulatory board, members of the Center for a New Economy think tank said Tuesday.
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Moody’s cuts PREPA credit rating to Baa2 from Baa1
December 18, 2012
The chain of rating downgrades affecting Puerto Rico’s credit added yet another link Monday, when Moody's Investors Service cut the rating on approximately $8.0 billion of outstanding power revenue bonds held by Puerto Rico Electric Power Authority's to Baa2 from Baa1.
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