USACE to solicit $5B contract for Puerto Rico power system stabilization
June 7, 2023
The multiple award task order contract aims to address electric grid needs after years of infrastructural challenges and natural disasters. #NewsismyBusiness
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Gov’t opens 2nd phase of Voluntary Transition Program for Prepa employees
June 6, 2023
Under the program, eligible employees are those who hold career positions with regular or transitional status. #NewsismyBusiness
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IEEFA: Prepa debt plan would create unsustainable burden
May 17, 2023
The bankruptcy of Prepa, with more than $9 billion in unpaid bond debt and other obligations, represents one of the largest municipal debt restructurings in the United States. #NewsismyBusiness
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GenEra files injunction against Genera PR in trademark dispute
May 17, 2023
Renewable energy L3C seeks economic damages, while Prepa's private partner maintains it is duly registered. #NewsismyBusiness
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Prepa debt repayment plan deemed unfeasible, analyst warns
May 2, 2023
Proposal to repay nearly $5.7 billion risks further destabilizing the electrical system, IEFFA director testifies in federal court. #NewsismyBusiness
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CNE publishes 25-page policy brief on Genera PR contract with Puerto Rico
March 16, 2023
The analysis points out the short- and long-term implications of the 10-year Operation and Maintenance Public-Private Partnership Agreement.
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Op-Ed: Privatized grid unlikely to save Puerto Rico customers from ‘disastrous’ debt restructuring plan
March 14, 2023
The largest savings that Genera could realize would be from accelerating the island’s transition to renewable energy.
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Generation unit in Aguirre complex back in service
March 8, 2023
An additional $31.7 million has been advanced to continue restoring Puerto Rico’s electric system.
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Retailers Assoc. president rails against proposed electric bill hike
February 16, 2023
Urges political leaders to seek alternatives that do not further burden entrepreneurs.
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Op-Ed: PREPA’s proposed debt plan creates billion-dollar funding gap to fix grid
February 13, 2023
The new debt plan should be rejected.
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Private sector analyzes Puerto Rico’s energy modernization
February 3, 2023
Municipal energy projects and private sector initiatives were also on the forum’s agenda.
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Genera PR tapped to run Puerto Rico’s energy generation
January 26, 2023
New Fortress Energy subsidiary will receive $22.5M for the first 5 years of 10-year contract.
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FEMA: $60M+ obligated for 12 energy grid-repair projects
January 23, 2023
Federal disaster funding in six Puerto Rico towns includes three mega generators.
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Op-Ed: New Puerto Rico bond deal: Another unsustainable transaction that makes matters worse
December 23, 2022
A careful review of the 400 pages of explanation and the 96-page plan confirm why this plan is unsustainable.
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Op-Ed: Puerto Rico can build resilient grid, but officials are balking
December 2, 2022
Some members of Congress are now pushing for $5 billion to be allocated specifically toward rooftop solar and storage in Puerto Rico.
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