The Whole is Greater than the Sum of Its Parts: The Value of a Transformation Roadmap
Stakeholders across Puerto Rico know that only a wholesale reinvention of the electric power system will prevent future calamity like that seen post Maria. But change of this magnitude is complicated. Julia Hamm, a member of the PREPA Transformation Advisory Council, will walk us though the steps for creating a roadmap for policy, market and regulatory change and why it’s essential for a sustainable future for the island.
Institute of Competitiveness and Economic Sustainability (ICSE-PR) Executive DirectorModerator
Networking Coffee Break
Roadmap to Investment: PROMESA, Title V
Post-Maria investors have focused their attention on Title V of PROMESA, a federal provision allowing for the expedited review of infrastructure projects in Puerto Rico regarded as “critical.” It was recently announced that four projects have been earmarked by the Puerto Rico Oversight Board for approval.
The passing of the Certified Fiscal Plan means that the discussion has evolved: all projects now need to align with the IRP.
This presentation will showcase Title V, provide insight into project approvals, and outline the Board’s roadmap for international investment in energy infrastructure.
Status of project approvals
What constitutes a “critical” project?
An overview of the procurement process
Title V timeline and opportunities for investors to engage
Availability of federal funds for projects awarded through Title V
New York Power Authority Executive Vice President, CFO & Chief Strategy Officer
Revitalization in Focus: US Virgin Islands Showcase
Puerto Rico has occupied the headlines, but the US Virgin Islands were decimated by Maria and grid infrastructure remains precarious. This session will explore the current state of the grid, ongoing programs to rebuild, the regulatory environment for investment, and where the key needs/priorities now lie.
How are USVI authorities promoting a resilient rebuild?
How is the Public Service Commission supporting investment in resilient infrastructure through regulation?
What opportunities are there for international investors/project sponsors?
What funding is available and from what sources?
Are there opportunities for collaboration with Puerto Rico (e.g., to streamline procurement)?
Is interconnection between Puerto Rico and USVI a feasible proposition?