Energy Czar Josué Colón Ortiz confirms the unsolicited submission cleared its initial compliance review The Puerto Rico Public-Private Partnerships (P3) Authority has confirmed that the unsolicited proposal for the proposed Proyecto Hostos has successfully passed its initial compliance review and will now enter a 60‑day evaluation period, according to Energy Czar and Authority Executive Director […]
Texas crude rose modestly as traders tracked U.S.-Iran negotiations, though weekly losses hit 8.5%.
Judge Says Accounting Case Must Proceed First U.S. District Court Judge Laura Taylor Swain on Wednesday denied Prepa bondholders’ renewed push to lift long‑standing litigation stays, ruling that the court will not green-light stay‑relief or dismissal motions until the ongoing accounting counterclaim—now the centerpiece of the case—has been fully litigated. The decision, delivered from the […]
The proposal was presented last week Caribbean Transmission Development Co. (CTDC) confirmed Tuesday it has formally submitted an unsolicited proposal to the Puerto Rico Public-Private Partnerships Authority (AAPP) for the development of the Hostos Project, an international energy infrastructure initiative that would link Puerto Rico and the Dominican Republic through a high‑voltage direct current (HVDC) […]
LUMA Energy is proposing a credit program aimed at helping residential housing developers offset potential increases in construction costs tied to updated engineering standards required by the company, according to information reported by Metro Puerto Rico. Reinaldo Baretty Huertas, LUMA’s director of engineering standards, said the proposed credits would be tied to a project’s contribution […]
The Government of Puerto Rico and the Public-Private Partnerships Authority filed motions before the Puerto Rico Supreme Court as part of ongoing efforts to invalidate the extension of LUMA Energy’s supplemental contract, according to information reported by Metro Puerto Rico. The image was captured from LUMA Energy’s social media platforms.
The Financial Oversight and Management Board approved several battery storage contracts for the Puerto Rico Electric Power Authority aimed at strengthening grid reliability. In the image, workers repair an electrical facility in a photo shared on Luma’s social media platforms. (Image: Luma photo capture)
Expands Operational Flexibility Through Aug. 9 The U.S. Department of Energy on Monday renewed two emergency orders under Section 202(c) of the Federal Power Act that provide the Puerto Rico Electric Power Authority (PREPA) temporary authority to run designated generation resources, as needed, to maintain an adequate supply of electricity and avoid large-scale reliability events. The DOE […]
Javier Rúa Jovet, director of public policy at the Puerto Rico Solar Energy and Storage Association (SESA), said the proposed rate structure penalizes low-energy consumers and those investing in solar solutions, disproportionately affecting vulnerable populations and diverging from Puerto Rico’s public energy policy.
