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Cathy Kunkel and Tom Sanzillo
Una central de ciclo combinado de 400 megavatios (MW) y 11 plantas de pico nuevas recibirán 850 millones de dólares de los fondos federales
En agosto de 2020 el Negociado de Energía de Puerto Rico aprobó un plan a largo plazo para el sistema eléctrico de la isla en el que se pedían mayores inversiones en energía renovable y almacenamiento. Dicha entidad había trabajado durante meses integrando análisis de varias partes interesadas y finalmente había rechazado nuevas iniciativas de […]
Cathy Kunkel and Tom Sanzillo
$850 million in federal funds targeted for 400-megawatt (MW) combined-cycle natural gas plant and 11 new peaker plants
In August 2020, the Puerto Rico Energy Bureau approved a long-term plan for the island’s electrical system that called for greater investments in renewable energy and storage. The bureau worked for months to integrate analysis from a variety of stakeholders and eventually rejected new natural gas initiatives because of their costs and logistical challenges. Yet […]
Cathy Kunkel and Tom Sanzillo
El préstamo del Estado Libre Asociado de Puerto Rico plantea más preguntas sobre los ahorros derivados de la privatización del sistema de transmisión y distribución
La semana anterior a la Navidad, la Junta de Supervisión y Administración Financiera de Puerto Rico (JSAF) anunció cautelosamente un plan para que el Gobierno del estado libre asociado preste casi 1000 millones de dólares a su Autoridad de Energía Eléctrica (AEE) con el fin de facilitar la privatización del sistema de transmisión y distribución […]
Cathy Kunkel and Tom Sanzillo
Commonwealth loan raises more questions about savings from T&D privatization
The week before Christmas, the Financial Oversight and Management Board for Puerto Rico (FOMB) quietly announced a plan for the commonwealth’s government to loan almost $1 billion to its electrical power authority (PREPA) to facilitate the privatization of the island’s transmission and distribution system. This plan was presented in a poorly documented filing that reveals that […]
Press Release and Tom Sanzillo
Multiple issues in contract likely to contribute to failure of safe, reliable and resilient grid
October 12, 2020 (IEEFA) ‒ A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis. The deal to operate the island’s grid came in the wake of a series […]
Press Release and Tom Sanzillo
Múltiples problemas en el contrato que pueden contribuir al fracaso de una red segura, confiable y resiliente
12 de octubre de 2020 (IEEFA) – Un importante contrato firmado con el consorcio LUMA Energy puede impedir que Puerto Rico construya un sistema eléctrico seguro, confiable y resiliente, según un nuevo informe del Instituto de Economía Energética y Análisis Financiero. El acuerdo para operar la red de la isla se produjo a raíz de […]
IEEFA
Greentech Media: The Puerto Rico Electric Power Authority will be required to acquire thousands of megawatts of renewables and storage in the coming years, according to a Monday order from the island’s energy regulators that also rejected many natural-gas additions included in the utility’s integrated resource plan. In its IRP filed last year, state-owned PREPA […]
Press Release and Tom Sanzillo
Fails to include accountability mechanisms for meeting cost, labor, and green energy goals, Sanzillo tells U.S. House Committee
August 4, 2020 (IEEFA U.S.) – In testimony submitted to the U.S. House Committee on Natural Resources, IEEFA’s director of finance Tom Sanzillo warned of significant problems with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement fails to address three major challenges, […]
IEEFA
Huffington Post: Puerto Rico Electric Power Authority, the state-owned power monopoly, has awarded $4.4 billion in contracts to companies hired to repair the extensive damage to the island’s aging electrical grid. But outages are an enduring and lethal fact of life in Puerto Rico, where the grid remains fragile. An earthquake in January 2020 plunged […]
Press Release and Tom Sanzillo
Gas project proceeded with favoritism, flew under the radar of regulators
June 22, 2020 (IEEFA U.S.) — Federal regulators have asked the operator of a scandal-plagued Puerto Rico energy project to explain why they didn’t seek permission to build and operate a liquid natural gas terminal (LNG) adjacent to the island’s first major power project since a 2017 hurricane devastated the island’s electrical grid. The Federal […]
IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes
Multiple issues in contract likely to contribute to failure of safe, reliable and resilient gridOctober 12, 2020 (IEEFA) ‒ A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis. The deal to operate the island’s grid came in the wake of a series […]