The analysis points out the short- and long-term implications of the 10-year Operation and Maintenance Public-Private Partnership Agreement.
The largest savings that Genera could realize would be from accelerating the island’s transition to renewable energy.
An additional $31.7 million has been advanced to continue restoring Puerto Rico’s electric system.
Urges political leaders to seek alternatives that do not further burden entrepreneurs.
The new debt plan should be rejected.
Municipal energy projects and private sector initiatives were also on the forum’s agenda.
New Fortress Energy subsidiary will receive $22.5M for the first 5 years of 10-year contract.
Federal disaster funding in six Puerto Rico towns includes three mega generators.
A careful review of the 400 pages of explanation and the 96-page plan confirm why this plan is unsustainable.
Some members of Congress are now pushing for $5 billion to be allocated specifically toward rooftop solar and storage in Puerto Rico.
The Institute for Energy Economics and Financial Analysis (IEEFA) has repeatedly called for third party oversight of the whole operation.
Still, there are questions on the table that should be asked and analyzed.
Meanwhile, the Puerto Rico government continues its misguided push for natural gas.
The funding responds to PREPA's inclusion in FEMA's Working Capital Advance pilot program.
The Municipality of San Juan’s sidewalks is being affected by the location of the utility poles, which Luma places with PREPA's consent.
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