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IEEFA Puerto Rico:  Massive liquefied natural gas project dead

IEEFA Puerto Rico: Massive liquefied natural gas project dead

Finally, some good news for electricity ratepayers in Puerto Rico

A massive liquefied natural gas (LNG) project in Puerto Rico that would have diverted funds from badly needed development of solar power and would have kept electric power costs high has been officially cancelled. Last week, Excelerate Energy, the company that planned to develop a natural gas import terminal in Puerto Rico, requested that the […]

November 30, 2018 Read More →

IEEFA Puerto Rico: Regulators must move roadblocks to renewable energy for market redesign to succeed

Energy Bureau should reject outdated market structures from mainland states; avoid trap of promoting large natural gas facilities

Puerto Rico has a historic opportunity to rebuild its electrical system and phase out its obsolete oil-fired generation in favor of a much more decentralized and reliable system based on renewable energy. To do that, the island must design a regulatory framework that maximizes the penetration of renewable energy and empowers the creation of locally-based […]

August 28, 2018 Read More →
IEEFA Puerto Rico: Proposed Offshore Gas-Import Project Makes Less and Less Sense

IEEFA Puerto Rico: Proposed Offshore Gas-Import Project Makes Less and Less Sense

Little Rationale for a Port Complex That Would Support the Status Quo

In shelving its review of the economic viability of a proposed natural gas import complex off the south coast of the island, the Puerto Rico Energy Commission last week took a policy step in the right direction. The Aguirre Offshore Gas Port (AOGP) would bring additional liquefied natural gas into the commonwealth for electricity generation, […]

Puerto Rico’s Proposed Pivot to Natural Gas Stalls

Wall Street Journal: A $380 million offshore gas project in Puerto Rico is stalling, caught up in the fallout from a $9 billion utility bankruptcy. Excelerate Energy LP gave notice last week it had canceled contracts with Puerto Rico’s electric utility to construct a floating natural gas terminal off the island’s southern coast. The cancellations […]

August 7, 2017 Read More →