Search Results for: "Electric Power Authority"
On Wednesday Gov. Pedro Pierluisi announced that Genera PR will officially take over the remains of the Puerto Rico Electric Power Authority and finish privatizing electrical generation on the archipelago.
A wrap-up of the most important and interesting Latino news items from the past week
Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid.
Despite ample federal funding, less than one percent of the federal money slated for the island’s public water utility corporation since 2018 has been set aside to buy generators for water pumps. Local officials instead have been forced to rely on a patchwork supply of emergency units.
Senior editor Hector Luis Alamo gives a review of some of the most interesting and important things he saw, read, and heard over the past week.
Debt restructuring efforts for the Puerto Rico Electric Power Authority’s $9 billion debt have come to a new standstill after almost six years of negotiation. Multiple failed attempts to exit bankruptcy have led nowhere.
Almost $9 billion in bad debt and a half-century of high electricity prices hang in the balance in Puerto Rico.
On the same day it was set to expire, the Puerto Rico Public-Private Alliances granted LUMA Energy an extension of its provisional contract that will only end once the Puerto Rico Electric Power Authority’s debt restructuring is completed.
Three days before LUMA Energy’s contract is set to expire, the Public-Private Partnerships Authority requested authorization to extend LUMA’s provisional contract until the debt restructuring process for the publicly owned Puerto Rico Electric Power Authority is finalized.
Teachers and electrical workers in Puerto Rico are calling for protests outside schools on November 30, the day that LUMA Energy’s contract is set to expire, in hopes that the government cancels the company’s impending 15-year contract.
Puerto Rican legislators from New York and local activist groups joined forces on Thursday to repudiate the Puerto Rican government’s contract with LUMA Energy and ask Gov. Pedro Pierluisi not to grant the company control over the archipelago’s electrical system for the next 15 years.
On Tuesday, Sunrun, the largest rooftop solar installer in the U.S., announced a deal with Puerto Rico’s Electric Power Authority to launch the island’s first “virtual” power plant to help reduce power bills and offer a backup energy source.
As Hurricane Fiona bore down on Puerto Rico two weeks ago, the U.S.-imposed fiscal control board and the U.S.-based judge who handles the public electric utility’s debt restructuring deal forced Puerto Rican lawyers to file motions even as the archipelago was experiencing an island-wide blackout.
SAN JUAN, Puerto Rico (AP) — The U.S. government announced Wednesday it would temporarily waive a federal law and allow foreign diesel deliveries to Puerto Rico as it faces a dwindling supply of fuel nearly two weeks after Hurricane Fiona pummeled the U.S. territory.
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor on Tuesday requested that the U.S. government waive a federal law to allow for more fuel shipments to the island amid concerns over a dwindling supply of diesel in the wake of Hurricane Fiona.
In the five years since Hurricane María tore through their country, the people of Puerto Rico have made efforts to rebuild in hopes that they would be ready for the next disaster. Hurricane Fiona, a Category 1 storm that swept through the island on Sunday, has shattered such hopes.
On Sunday, August 28, a coalition of Puerto Rican independence groups and their allies gathered outside a hedge fund’s office building in Midtown Manhattan to protest its predatory lending practices.
Puerto Rico’s governor on Thursday denounced the private company his administration contracted to take over the island’s power transmission and distribution system amid a recent spike in electricity outages that have outraged many in the U.S. territory.
After seven consecutive increases, the Puerto Rico Energy Bureau has announced the first reduction in the price of electricity since 2021. The decrease went into effect on Monday, August 1.
A major blackout last week left more than 1.5 million clients —including households, businesses, and schools— without electricity, and over 160,000 without water. Authorities reported on Sunday morning that electricity had been restored to almost all clients.
More than a million customers in Puerto Rico remained without electricity on Thursday after a fire at a main power plant caused the biggest blackout so far this year across the U.S. territory, forcing it to cancel classes and shutter government offices.