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.
Puerto Rico consumers will see savings during August and September, when energy consumption is typically the highest of the year.
Bondholders, not residents, are primary concern of Puerto Rico regulators.
The system is currently expected to come online in 2024.
Puerto Rico’s grid plan would increase rates, cause debt default, and send rates soaring.
The Institute for Energy Economics and Financial Analysis (IEEFA) believes LUMA’s fiscal plan falls short.
Several projects are already underway, officials said.
NIMB ON SOCIAL MEDIA