In the face of recent weather disturbances, FEMA along with Puerto Rico’s Central Office for Recovery, Reconstruction and Resilience, or COR3, approved more than $16 million in additional grants for repairs after Hurricane María, the agencies confirmed. The allocated funds are for the week of July 24-30 and cover 88 projects related to the island’s post-storm recovery and reconstruction. Among the […]
Evertec Inc. today announced results for the second quarter ended June 30, 2020, which reflected a revenue decrease of 4% to $117.9 million, compared with $122.5 million in the prior year. The revenue decline in the quarter reflected a slowdown in transactions resulting from COVID-19 with sequential monthly recovery as businesses reopened in Puerto Rico […]
In testimony submitted to the U.S. House Committee on Natural Resources, Institute for Energy Economics and Financial Analysis (IEEFA)’s Director of Finance Tom Sanzillo warned of “significant problems” with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement that the government announced in June […]
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