A series of announcements over the past couple of weeks by Puerto Rican officials signals a new — and misguided — push for greater reliance on imported natural gas for electricity production.
The Financial Oversight and Management Board for Puerto Rico announced the adoption of two new policies to “foster accountability, transparency and efficient dealing” in certain government transactions and public projects.
The Financial Oversight and Management Board for Puerto Rico, the Puerto Rico Electric Power Authority, and the Fiscal Agency and Financial Advisory Authority have reached an agreement with the Ad Hoc Group of PREPA bondholders.