P.R. gov’t reaches preliminary restructuring support agreement with PREPA bondholders
July 31, 2018
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.
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IEEFA: Effects of oil-purchase scandal undermine PREPA privatization, contract-reform initiatives
July 19, 2018
A long-running practice in which Puerto Rico’s public utility bought low-quality oil at high-quality prices has been mostly ignored in Gov. Ricardo Rosselló’s privatization of the Puerto Rico Electric Power Authority (PREPA), the Institute for Energy Economics and Financial Analysis claimed.
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IEEFA: PREPA privatization law invites more contracting scandals
July 10, 2018
The law that Puerto Rico enacted last month to privatize the Puerto Rico Electric Power Authority has many flaws, including labor protections that are too weak, an unnecessary restructuring of the Puerto Rico Energy Commission and a lack of commitment to strong energy planning, the Institute for Energy Economics and Financial Analysis affirmed.
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P3 Authority opens call for feedback on PREPA transformation
June 6, 2018
The Puerto Rico Public Private Partnership Authority announced the start of the process to solicit market feedback in connection with the proposed transformation and modernization of the Puerto Rico Electric Power Authority.
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2 US firms that helped with power restoration in P.R. get awards
June 6, 2018
The Edison Electric Institute presented ITC Holdings Corp. and WEC Energy Group with special recognitions.
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PREPA awards MasTec $500M power restoration, reconstruction contract
June 5, 2018
Florida-based MasTec Inc. has signed a $500 million master services agreement with the Puerto Rico Electric Power Authority to complete the restoration of the critical electrical transmission and distribution system components damaged as a result of Hurricane María.
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IEEFA Puerto Rico: PREPA’s approved budget faces 5 years of shortfalls
May 28, 2018
A budget review published by the Institute for Energy Economics and Financial Analysis of the approved fiscal-recovery blueprint for the Puerto Rico Electric Power Authority (PREPA) concludes that the plan faces billions in financial risks that will hinder the transformation of the grid.
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PREPA adopts national standard for power grid design, reconstruction
May 8, 2018
The Puerto Rico Electric Power Authority announced that effective immediately, the public corporation will adopt a U.S. national standard for the design and reconstruction of the future electric grid in Puerto Rico.
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Economic firm says ‘regional privatization’ could meet P.R.’s power needs
May 7, 2018
A privatization approach to Puerto Rico’s energy needs based on “controlled introduction of competition in regional markets” could achieve the goal of aligning electricity generation with the island’s changing socioeconomic landscape.
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González, Bishop meet with PREPA execs to talk power service restoration
May 7, 2018
Puerto Rico Resident Commissioner Jenniffer González grilled Puerto Rico Electric Power Authority Executive Director Walter Higgins and his staff on progress to restore 100 percent of the island’s electricity and on the system’s reliability.
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OutBack Energy Express tours P.R. to offer battery-based renewable training
May 3, 2018
OutBack Power Technologies, Inc., a distributor of battery based renewable energy systems, announced that its Energy Express mobile training van will be embarking on a two-week tour of Puerto Rico, May 7-18.
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Op-Ed: IEEFA P.R. — Proposed offshore gas-import project makes less and less sense
May 3, 2018
In shelving its review of the economic viability of a proposed natural gas import complex off the south coast of the island, the Puerto Rico Energy Commission last week took a policy step in the right direction.
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Special report: Culebra’s energy lifeline threatened
April 26, 2018
In an abandoned structure within walking distance of the City Hall of Culebra the fate of a project that would ensure the provision of electricity during emergencies remains in suspense.
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PREPA issues RFP for electrical power solutions for Vieques, Culebra
April 17, 2018
The Puerto Rico Electric Power Authority recently announced a request for proposal seeking providers of power solutions for the electrical system of the island municipalities of Vieques and Culebra.
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Manufacturers convey to PREPA’s new chief urgency for ‘viable service’
March 28, 2018
The Puerto Rico Manufacturers Association sent a letter to the new executive director of the Puerto Rico Electric Power Authority, Walter Higgins, stressing the need for “environmentally friendly and cost effective electric service.”
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