Genera PR warned the Puerto Rico Energy Bureau (PREB) that the agency’s repeal of the Generation Maintenance Reserve (GMR) has sharply limited its ability to perform basic upkeep across the island’s power plants, prompting the operator to request $16 million in funding drawn from the system’s FY2026 under‑collection. In a filing this week, Genera, the […]
Company Expected to Sign by Next Week The consortium selected to deliver 400 megawatts of temporary power generation at the Aguirre Power Plant—Power Expectations, LLC; Enchanted Rock; and Reyes Contractor, LLC—has cleared the final hurdle set by the Financial Oversight and Management Board after incorporating a series of stringent conditions related to project execution, performance […]
San Juan — Genera PR announced Friday that the federal government has assigned it the execution of microgrid projects in Vieques and Culebra, aimed at strengthening the energy resilience of both island municipalities during emergencies. The projects will be financed with federal hazard mitigation funds from the Federal Emergency Management Agency and developed under applicable […]
Two Puerto Rico Electric Power Authority bondholders—GoldenTree Asset Management and Syncora Guarantee—have filed a notice of appeal, challenging U.S. District Judge Laura Taylor Swain’s decision to maintain a litigation stay that has blocked creditors from pursuing key remedies in the power utility’s long‑running bankruptcy. The appeal, filed with the U.S. Court of Appeals for the […]
Mexico City, (EFE) – Global energy storage grew 40% in 2025 and similar momentum is expected in 2026, according to Solis Latam, which also said the sector is on track to become the next “major battleground” of the solar and renewable energy industry. According to figures from Solis and the International Energy Agency (IEA), battery storage […]
New York, (EFE) – West Texas Intermediate (WTI) crude surged 7% Monday after Iran suspended peace negotiations with the United States over Israeli attacks on Lebanon — just days after both nations had reached a preliminary agreement. At 11:45 a.m. local time in New York (15:45 GMT), WTI futures contracts for July delivery were up 7.13% […]
Tehran, (EFE) – Iran suspended peace negotiations with the United States and threatened to fully close the Strait of Hormuz in response to Israeli attacks on Lebanon, the Tasnim news agency — linked to Iran’s Revolutionary Guard — reported Monday. “The Iranian negotiating team suspends talks and the exchange of messages with the United States through […]
Capitol- The chairman of the House of Representatives Government Committee, Víctor Parés, said Monday that there are no funds available to suspend the second fuel excise tax (crudita, Law 1-2015). “This House of Representatives, led by our Speaker, Carlos ‘Johnny’ Méndez, will not approve anything that lacks replacement revenue sources other than imposing greater burdens […]
The Puerto Rico Electric Power Authority (PREPA) on Saturday moved forward with the approval of 22 renewable energy and battery‑storage contracts, a major step in the government’s accelerated push to add new generation capacity. During the meeting, PREPA Executive Director Mary Zapata presented a resolution authorizing her to sign the contracts once they receive final […]
