Department of Consumer Affairs sues to void LUMA immunity clause
July 23, 2025
DACO seeks to restore consumers’ rights to claim damages for energy service failures, alleging unconstitutional waiver of liability. #NewsismyBusiness
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PREPA bondholders insist on being paid $3.7B that doesn’t exist
April 25, 2025
Puerto Rico’s electrical system has failed to resolve core underlying problems that drove it to physical and financial ruin. #NewsismyBusiness
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LUMA selects AtkinsRéalis to strengthen Puerto Rico’s power grid
March 25, 2025
The collaboration will focus on permanent improvements to transmission and distribution power lines and substation projects. #NewsismyBusiness
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New Fortress Energy extends partnership with PREPA
March 18, 2025
Genera has also modified its existing 10-year operation and maintenance agreement with PREPA. #NewsismyBusiness
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New Fortress Energy extends Puerto Rico gas supply contract
March 4, 2025
The agreement includes incentive payment modifications and aims to lower energy costs. #NewsismyBusiness
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DOE expands loan eligibility for Puerto Rico’s renewable energy projects
July 24, 2023
The Energy Infrastructure Reinvestment program doesn’t require the technology used in projects to be innovative for eligibility for its low-interest loans. #NewsisimyBusiness
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Energy Bureau to hold public hearings on LUMA’s performance
February 13, 2023
The Puerto Rico Energy Bureau will hold public hearings on Feb. 16 and 17 to establish the metrics that will end up gauging the performance of LUMA Energy, the private consortium tasked with running the island’s electric power distribution and customer services. At the hearings, the public will have the opportunity to express how LUMA’s […]
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CNE: Restructuring PREPA’s debt must be done right in ‘process and substance’
March 25, 2022
In the think-tank’s opinion, a restructured PREPA should be a solvent entity.
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Op-Ed: Pierluisi’s cancellation of PREPA restructuring is ‘right decision for wrong reasons’
March 14, 2022
While lots of promises have been made about converting Puerto Rico’s grid to renewable energy and lowering costs, up to now, nothing has been done to reach those goals.
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Puerto Rico Energy Bureau OKs $51.5M in 19 upgrade projects at PREPA
March 11, 2022
The projects will now go to the Central Office of Recovery, Reconstruction and Resiliency and the Federal Emergency Management Agency for approval.
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Op-Ed: PREPA debt plan, a gimmick to use federal funding to pay off legacy debt
March 8, 2022
IEEFA says PREPA's debt plan prioritizes bondholders at the expense of building reliable energy and future oversight is needed.
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Puerto Rico Energy Bureau OKs $9.6M in PREPA projects
March 2, 2022
In February, the Puerto Rico Energy Bureau considered several permanent improvements projects for PREPA's infrastructure.
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IEEFA: Puerto Rico’s solvency should not come at expense of ratepayers
January 31, 2022
The $8.26 billion in debt claimed by the Puerto Rico Electric Power Authority (PREPA) bondholders should not be borne by island ratepayers and small investors, IEEFA Director of Financial Analysis Tom Sanzillo said in testimony to the island’s legislature. Instead, Sanzillo told the Puerto Rico Senate Permanent Commission on Strategic Projects and Energy that reducing […]
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Puerto Rico get $35.4M from US gov’t for home energy assistance
January 10, 2022
Due to the passage of the American Rescue Plan, Puerto Rico has received $35.4 million for the Low-Income Home Energy Assistance Program (LIHEAP) available this fiscal year, which runs through September 2022. As part of a state-by-state breakdown of funding, the White House reported that in addition to an annual appropriation of $15.2 million for […]
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CNE: ‘Romantizing’ the old PREPA would be a mistake
October 21, 2021
The recent malfunctioning of the Puerto Rico Electric Power Authority’s (PREPA) system — which have prompted ongoing rolling blackouts — is the result of decades of mismanagement of the public corporation, so “romantizing” it now would be a mistake, says an analysis released by the Center for a New Economy (CNE). But while blaming PREPA […]
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