Prepa

PREPA’s Proposed Rate Hike Rejected; Delay Sought on RSA Hearing

February 6, 2020

The Puerto Rico Legislative Assembly recently rejected a measure that would increase electricity rates, as part of the Puerto Rico Electric Power Authority (PREPA) restructuring support agreement (RSA) with the public utility’s bondholders. The rate hike, required under the RSA, could increase electricity costs up to 20 percent over the next five years for all […]

PREPA CEO Jose Ortiz to join PR-GRID 2020

January 29, 2020

Jose Ortiz, CEO of the Puerto Rico Electric Power Authority, has confirmed his participation in the 3rd Puerto Rico Grid Revitalization Forum. Mr. Ortiz joins an dynamic roster of panelists, including Carlos Rodríguez of the Puerto Rico Manufacturers Association and Tomás J. Torres from the Institute of Competitiveness and Economic Sustainability.

Solar microgrids across Puerto Rico withstand quakes; boost case for distributed generation

January 20, 2020

Solar microgrids installed throughout Puerto Rico after Hurricane Maria didn’t lose power when massive earthquakes tore through the island’s electric grid earlier this month. The microgrids, many of which are permanently off-grid, were able to continue operating despite serious damage to transmission lines and power plants. Operators see this as an argument for shifting to […]

Hearing on US$8.3-billion PREPA restructuring deal delayed

January 6, 2020

A U.S. District Judge has canceled a Jan. 14 hearing on the Puerto Rico Electric Power Authority (Prepa) $8.3-billion restructuring deal, as requested by the Financial Oversight & Management Board and the Fiscal Agency and Financial Advisory Authority. This is the fifth postponement of the hearing and a new date hasn’t been set to discuss […]

Report: Restoring post-storm power to Puerto Rico took a year

December 2, 2019

A new report from the U.S. Energy Information Administration (EIA) revealed that nearly a year passed before electricity generation was fully restored to pre-storm levels in Puerto Rico. The annual Power Plant Operations Report states that government agency PREPA, responsible for the territory’s electricity supply, lost 80% of its transmission and distribution network following Hurricanes […]