Genera PR to Privatize Energy Generation in Puerto Rico

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.

  • Jan 25, 2023
  • 4:47 PM

Puerto Rico to Privatize Power Generation Amid Outages

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.

  • Jan 17, 2023
  • 10:29 AM

Puerto Rico Debt Restructuring Delayed, Again

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.

  • Dec 2, 2022
  • 12:36 PM

Bondholders Hoping to Recover Bad Debt from Struggling Puerto Rico Ratepayers (OPINION)

Almost $9 billion in bad debt and a half-century of high electricity prices hang in the balance in Puerto Rico.

  • Dec 1, 2022
  • 10:45 AM

LUMA Contract Extended as Protests Continue in Old San Juan

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.

  • Nov 30, 2022
  • 5:18 PM

Puerto Rico Public-Private Partnerships Authority Requests Indefinite LUMA Contract Extension

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.

  • Nov 28, 2022
  • 5:19 PM

Teachers Call for Protests on ‘National Anti-LUMA School Day’

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.

  • Nov 22, 2022
  • 5:37 PM

NY Lawmakers, PR Activists Join to End LUMA 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.

  • Nov 14, 2022
  • 4:12 PM

PREPA Lawyers Forced to File Motions as Puerto Rico Hit by Hurricane Fiona

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.

  • Sep 29, 2022
  • 4:18 PM

Puerto Ricans Protest Against ‘Vulture’ Funds in Manhattan

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.

  • Sep 6, 2022
  • 12:20 PM

Puerto Rico Sees First Reduction in Electricity Prices Since 2021

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.

  • Aug 3, 2022
  • 10:00 AM

Puerto Rico’s Debt Plan Goes into Effect Amid Public Backlash

While intense public pressure led to the worst parts being left out of the debt adjustment plan, many Puerto Ricans still view it as only leading the archipelago further into ruin through ever-expanding budget cuts and austerity measures.

  • Mar 17, 2022
  • 5:33 PM

Earthjustice: AES-Puerto Rico Seeking Bailout for Polluting Coal Plant

On Monday, nonprofit public-interest environmental group Earthjustice released a statement condemning energy company AES-Puerto Rico for seeking to transfer ownership of its notorious coal plant in Guayama to the Puerto Rico Electric Power Authority (PREPA).

  • Jan 31, 2022
  • 5:36 PM

Construction Permit Approvals for Coastal Projects Fast-Tracked During Pierluisi’s First Year

Far from slowing the pace of construction on Puerto Rico’s coasts to address climate change, as experts have requested, Gov. Pedro Pierluisi’s administration hit the accelerator to approve construction permits along the coasts.

  • Jan 28, 2022
  • 11:39 AM

Judge Signs Plan, Ends Puerto Rico Bankruptcy Battle

Puerto Rico’s nearly five-year bankruptcy battle was resolved Tuesday after a federal judge signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and allows the government to start repaying creditors. The plan marks the largest municipal debt restructuring in U.S. history

  • Jan 18, 2022
  • 6:05 PM

‘El Poder del Pueblo’: Puerto Rican Documentary on the Need for Environmental and Energy Justice

One way that environmental activist Ruth Santiago and some of her neighbors in the Jobos Bay area have sought to call attention to the injustices they face is in the documentary ‘The Power of the People: A Collective Struggle for Life and the Environment’

  • Nov 4, 2021
  • 11:22 AM

Open Letter to Biden Calls LUMA Contract in Puerto Rico a ‘Dangerous Misuse of Public Funds’

“It is imperative that the federal government heeds the calling of civil society organizations that have been denouncing the terrible negotiation that has taken place in this contract,” said Dr. Adi Martínez-Román, Director of Operations of the UPR Resiliency Law Center.

  • Jun 22, 2021
  • 9:05 PM

Power Outage Hits 337K in Puerto Rico Amid Growing Outrage

SAN JUAN, Puerto Rico (AP) — A sudden power failure left more than 337,000 customers in the dark across Puerto Rico late Wednesday, enraging many who were recovering from a massive outage that hit the U.S. territory just days ago.

  • Jun 17, 2021
  • 8:24 AM

The Explosion That Left Half of Puerto Rico in Darkness

At a Friday press conference, LUMA Energy CEO Wayne Stensby claimed that the company projected that they would be able to restore electricity to remaining customers by 6 p.m. Friday night.

  • Jun 11, 2021
  • 5:20 PM

New Company, Same Woes: Puerto Rico Suffers Power Outages

SAN JUAN, Puerto Rico (AP) — A private company that took over power transmission and distribution in Puerto Rico this month has struggled with widespread outages and growing anger as it scrambled Thursday to control a large fire at a main substation that left thousands in the dark.

  • Jun 10, 2021
  • 9:13 PM

Private Company Takes Over Puerto Rico Power Utility Service

SAN JUAN, Puerto Rico (AP) — A private company on Tuesday took over the transmission and distribution operations of Puerto Rico’s power authority, which has struggled with blackouts and bankruptcy, corruption and mismanagement.

  • Jun 1, 2021
  • 3:52 PM

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