Puerto Rico’s electrical system has failed to resolve core underlying problems that drove it to physical and financial ruin. #NewsismyBusiness
The collaboration will focus on permanent improvements to transmission and distribution power lines and substation projects. #NewsismyBusiness
Genera has also modified its existing 10-year operation and maintenance agreement with PREPA. #NewsismyBusiness
The agreement includes incentive payment modifications and aims to lower energy costs. #NewsismyBusiness
The Energy Infrastructure Reinvestment program doesn’t require the technology used in projects to be innovative for eligibility for its low-interest loans. #NewsisimyBusiness
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 […]
In the think-tank’s opinion, a restructured PREPA should be a solvent entity.
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.
The projects will now go to the Central Office of Recovery, Reconstruction and Resiliency and the Federal Emergency Management Agency for approval.
IEEFA says PREPA's debt plan prioritizes bondholders at the expense of building reliable energy and future oversight is needed.
In February, the Puerto Rico Energy Bureau considered several permanent improvements projects for PREPA's infrastructure.
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 […]
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 […]
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 […]
The Central Office of Recovery, Reconstruction and Resiliency (COR3) announced the first disbursement of approximately $7.1 million to the Puerto Rico Electric Power Authority for work related to reconstruction projects. “The approval of the Advance Request, presented by PREPA to COR3 and whose millionaire amount was disbursed to cover expenses incurred and projected for the […]
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